vs
雅保（ALB）与自由港麦克莫兰（FCX）财务数据对比。点击上方公司名可切换其他公司
自由港麦克莫兰的季度营收约是雅保的3.7倍（$5.3B vs $1.4B），自由港麦克莫兰净利率更高（10.7% vs -29.0%，领先39.7%），雅保同比增速更快（15.9% vs -10.4%），雅保自由现金流更多（$233.1M vs $-312.0M），过去两年雅保的营收复合增速更高（2.4% vs -7.9%）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
自由港麦克莫兰是总部位于美国亚利桑那州凤凰城的矿业企业，是全球最大的钼生产商、主要铜生产商之一，运营着坐落于印度尼西亚巴布亚省的世界最大金矿格拉斯伯格矿。
ALB vs FCX — 直观对比
营收规模更大
FCX
是对方的3.7倍
$1.4B
营收增速更快
ALB
高出26.4%
-10.4%
净利率更高
FCX
高出39.7%
-29.0%
自由现金流更多
ALB
多$545.1M
$-312.0M
两年增速更快
ALB
近两年复合增速
-7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $5.3B |
| 净利润 | $-414.2M | $565.0M |
| 毛利率 | 13.9% | 12.4% |
| 营业利润率 | -15.2% | 15.4% |
| 净利率 | -29.0% | 10.7% |
| 营收同比 | 15.9% | -10.4% |
| 净利润同比 | -650.1% | -21.6% |
| 每股收益（稀释后） | $-3.88 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ALBFCX
| Q4 25 | $1.4B | $5.3B | ||
| Q3 25 | $1.3B | $6.8B | ||
| Q2 25 | $1.3B | $7.5B | ||
| Q1 25 | $1.1B | $5.6B | ||
| Q4 24 | $1.2B | $5.9B | ||
| Q3 24 | $1.4B | $6.7B | ||
| Q2 24 | $1.4B | $6.4B | ||
| Q1 24 | $1.4B | $6.2B |
净利润ALBFCX
| Q4 25 | $-414.2M | $565.0M | ||
| Q3 25 | $-160.7M | $1.2B | ||
| Q2 25 | $22.9M | $1.5B | ||
| Q1 25 | $41.3M | $793.0M | ||
| Q4 24 | $75.3M | $721.0M | ||
| Q3 24 | $-1.1B | $1.2B | ||
| Q2 24 | $-188.2M | $1.3B | ||
| Q1 24 | $2.4M | $1.2B |
毛利率ALBFCX
| Q4 25 | 13.9% | 12.4% | ||
| Q3 25 | 9.0% | 29.2% | ||
| Q2 25 | 14.8% | 34.2% | ||
| Q1 25 | 14.5% | 24.3% | ||
| Q4 24 | 11.2% | 27.0% | ||
| Q3 24 | -7.7% | 30.0% | ||
| Q2 24 | -0.7% | 31.5% | ||
| Q1 24 | 2.9% | 28.5% |
营业利润率ALBFCX
| Q4 25 | -15.2% | 15.4% | ||
| Q3 25 | -16.6% | 28.9% | ||
| Q2 25 | 3.6% | 32.3% | ||
| Q1 25 | 1.8% | 23.4% | ||
| Q4 24 | 0.4% | 21.1% | ||
| Q3 24 | -81.9% | 29.0% | ||
| Q2 24 | -34.4% | 32.0% | ||
| Q1 24 | -13.2% | 26.3% |
净利率ALBFCX
| Q4 25 | -29.0% | 10.7% | ||
| Q3 25 | -12.3% | 18.3% | ||
| Q2 25 | 1.7% | 20.6% | ||
| Q1 25 | 3.8% | 14.2% | ||
| Q4 24 | 6.1% | 12.3% | ||
| Q3 24 | -78.9% | 18.5% | ||
| Q2 24 | -13.2% | 20.0% | ||
| Q1 24 | 0.2% | 18.7% |
每股收益（稀释后）ALBFCX
| Q4 25 | $-3.88 | — | ||
| Q3 25 | $-1.72 | $0.46 | ||
| Q2 25 | $-0.16 | $0.53 | ||
| Q1 25 | $0.00 | $0.24 | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $-9.45 | $0.36 | ||
| Q2 24 | $-1.96 | $0.42 | ||
| Q1 24 | $-0.08 | $0.32 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $3.8B |
| 总债务越低越好 | $3.2B | $9.4B |
| 股东权益账面价值 | $9.5B | $18.9B |
| 总资产 | $16.4B | $58.2B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资ALBFCX
| Q4 25 | — | $3.8B | ||
| Q3 25 | $1.9B | $4.3B | ||
| Q2 25 | $1.8B | $4.5B | ||
| Q1 25 | $1.5B | $4.4B | ||
| Q4 24 | $1.2B | $3.9B | ||
| Q3 24 | $1.7B | $5.0B | ||
| Q2 24 | $1.8B | $5.3B | ||
| Q1 24 | $2.1B | $5.2B |
总债务ALBFCX
| Q4 25 | $3.2B | $9.4B | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | $9.4B | ||
| Q4 24 | $3.5B | $8.9B | ||
| Q3 24 | $3.6B | $9.7B | ||
| Q2 24 | $3.5B | $9.4B | ||
| Q1 24 | $3.5B | $9.4B |
股东权益ALBFCX
| Q4 25 | $9.5B | $18.9B | ||
| Q3 25 | $10.0B | $18.7B | ||
| Q2 25 | $10.2B | $18.2B | ||
| Q1 25 | $10.0B | $17.7B | ||
| Q4 24 | $10.0B | $17.6B | ||
| Q3 24 | $10.2B | $17.5B | ||
| Q2 24 | $11.2B | $17.4B | ||
| Q1 24 | $11.5B | $17.0B |
总资产ALBFCX
| Q4 25 | $16.4B | $58.2B | ||
| Q3 25 | $17.1B | $56.8B | ||
| Q2 25 | $17.3B | $56.5B | ||
| Q1 25 | $17.0B | $56.0B | ||
| Q4 24 | $16.6B | $54.8B | ||
| Q3 24 | $17.5B | $55.4B | ||
| Q2 24 | $18.4B | $54.6B | ||
| Q1 24 | $19.0B | $54.2B |
负债/权益比ALBFCX
| Q4 25 | 0.33× | 0.50× | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | 0.53× | ||
| Q4 24 | 0.35× | 0.51× | ||
| Q3 24 | 0.35× | 0.55× | ||
| Q2 24 | 0.31× | 0.54× | ||
| Q1 24 | 0.31× | 0.56× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $388.5M | $693.0M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $-312.0M |
| 自由现金流率自由现金流/营收 | 16.3% | -5.9% |
| 资本支出强度资本支出/营收 | 10.9% | 19.1% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $1.1B |
8季度趋势，按日历期对齐
经营现金流ALBFCX
| Q4 25 | $388.5M | $693.0M | ||
| Q3 25 | $355.6M | $1.7B | ||
| Q2 25 | $-7.2M | $2.2B | ||
| Q1 25 | $545.4M | $1.1B | ||
| Q4 24 | $674.0K | $1.4B | ||
| Q3 24 | $240.5M | $1.9B | ||
| Q2 24 | $362.9M | $2.0B | ||
| Q1 24 | $98.0M | $1.9B |
自由现金流ALBFCX
| Q4 25 | $233.1M | $-312.0M | ||
| Q3 25 | $223.4M | $608.0M | ||
| Q2 25 | $-126.8M | $934.0M | ||
| Q1 25 | $362.8M | $-114.0M | ||
| Q4 24 | $-355.1M | $197.0M | ||
| Q3 24 | $-62.6M | $673.0M | ||
| Q2 24 | $-84.7M | $840.0M | ||
| Q1 24 | $-481.4M | $642.0M |
自由现金流率ALBFCX
| Q4 25 | 16.3% | -5.9% | ||
| Q3 25 | 17.1% | 8.9% | ||
| Q2 25 | -9.5% | 12.4% | ||
| Q1 25 | 33.7% | -2.0% | ||
| Q4 24 | -28.8% | 3.4% | ||
| Q3 24 | -4.6% | 10.1% | ||
| Q2 24 | -5.9% | 13.1% | ||
| Q1 24 | -35.4% | 10.3% |
资本支出强度ALBFCX
| Q4 25 | 10.9% | 19.1% | ||
| Q3 25 | 10.1% | 15.5% | ||
| Q2 25 | 9.0% | 16.8% | ||
| Q1 25 | 17.0% | 21.0% | ||
| Q4 24 | 28.9% | 21.1% | ||
| Q3 24 | 22.4% | 17.9% | ||
| Q2 24 | 31.3% | 17.4% | ||
| Q1 24 | 42.6% | 20.2% |
现金转化率ALBFCX
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | -0.31× | 1.42× | ||
| Q1 25 | 13.19× | 1.33× | ||
| Q4 24 | 0.01× | 1.99× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | 40.01× | 1.63× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
