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雅保（ALB）与MUELLER INDUSTRIES INC（MLI）财务数据对比。点击上方公司名可切换其他公司
雅保的季度营收约是MUELLER INDUSTRIES INC的1.5倍（$1.4B vs $962.4M）。MUELLER INDUSTRIES INC净利率更高（16.0% vs -29.0%，领先45.0%）。雅保同比增速更快（15.9% vs 4.2%）。雅保自由现金流更多（$233.1M vs $121.4M）。过去两年MUELLER INDUSTRIES INC的营收复合增速更高（6.4% vs 2.4%）
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。
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
ALB vs MLI — 直观对比
营收规模更大
ALB
是对方的1.5倍
$962.4M
营收增速更快
ALB
高出11.7%
4.2%
净利率更高
MLI
高出45.0%
-29.0%
自由现金流更多
ALB
多$111.7M
$121.4M
两年增速更快
MLI
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $962.4M |
| 净利润 | $-414.2M | $153.7M |
| 毛利率 | 13.9% | — |
| 营业利润率 | -15.2% | 17.9% |
| 净利率 | -29.0% | 16.0% |
| 营收同比 | 15.9% | 4.2% |
| 净利润同比 | -650.1% | 11.7% |
| 每股收益（稀释后） | $-3.88 | $1.37 |
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ALBMLI
| Q4 25 | $1.4B | $962.4M | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.2B | $923.5M | ||
| Q3 24 | $1.4B | $997.8M | ||
| Q2 24 | $1.4B | $997.7M | ||
| Q1 24 | $1.4B | $849.7M |
净利润ALBMLI
| Q4 25 | $-414.2M | $153.7M | ||
| Q3 25 | $-160.7M | $208.1M | ||
| Q2 25 | $22.9M | $245.9M | ||
| Q1 25 | $41.3M | $157.4M | ||
| Q4 24 | $75.3M | $137.7M | ||
| Q3 24 | $-1.1B | $168.7M | ||
| Q2 24 | $-188.2M | $160.2M | ||
| Q1 24 | $2.4M | $138.4M |
毛利率ALBMLI
| Q4 25 | 13.9% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | -7.7% | 27.6% | ||
| Q2 24 | -0.7% | 27.3% | ||
| Q1 24 | 2.9% | 28.4% |
营业利润率ALBMLI
| Q4 25 | -15.2% | 17.9% | ||
| Q3 25 | -16.6% | 25.6% | ||
| Q2 25 | 3.6% | 26.7% | ||
| Q1 25 | 1.8% | 20.6% | ||
| Q4 24 | 0.4% | 18.4% | ||
| Q3 24 | -81.9% | 20.7% | ||
| Q2 24 | -34.4% | 21.0% | ||
| Q1 24 | -13.2% | 21.6% |
净利率ALBMLI
| Q4 25 | -29.0% | 16.0% | ||
| Q3 25 | -12.3% | 19.3% | ||
| Q2 25 | 1.7% | 21.6% | ||
| Q1 25 | 3.8% | 15.7% | ||
| Q4 24 | 6.1% | 14.9% | ||
| Q3 24 | -78.9% | 16.9% | ||
| Q2 24 | -13.2% | 16.1% | ||
| Q1 24 | 0.2% | 16.3% |
每股收益（稀释后）ALBMLI
| Q4 25 | $-3.88 | $1.37 | ||
| Q3 25 | $-1.72 | $1.88 | ||
| Q2 25 | $-0.16 | $2.22 | ||
| Q1 25 | $0.00 | $1.39 | ||
| Q4 24 | $0.29 | $1.21 | ||
| Q3 24 | $-9.45 | $1.48 | ||
| Q2 24 | $-1.96 | $1.41 | ||
| Q1 24 | $-0.08 | $1.21 |
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 | — | $1.4B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $9.5B | $3.2B |
| 总资产 | $16.4B | $3.7B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALBMLI
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.5B | $873.6M | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.7B | $969.6M | ||
| Q2 24 | $1.8B | $825.7M | ||
| Q1 24 | $2.1B | $1.4B |
总债务ALBMLI
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
股东权益ALBMLI
| Q4 25 | $9.5B | $3.2B | ||
| Q3 25 | $10.0B | $3.1B | ||
| Q2 25 | $10.2B | $2.9B | ||
| Q1 25 | $10.0B | $2.7B | ||
| Q4 24 | $10.0B | $2.8B | ||
| Q3 24 | $10.2B | $2.7B | ||
| Q2 24 | $11.2B | $2.5B | ||
| Q1 24 | $11.5B | $2.4B |
总资产ALBMLI
| Q4 25 | $16.4B | $3.7B | ||
| Q3 25 | $17.1B | $3.7B | ||
| Q2 25 | $17.3B | $3.5B | ||
| Q1 25 | $17.0B | $3.2B | ||
| Q4 24 | $16.6B | $3.3B | ||
| Q3 24 | $17.5B | $3.2B | ||
| Q2 24 | $18.4B | $3.1B | ||
| Q1 24 | $19.0B | $2.9B |
负债/权益比ALBMLI
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.31× | — |
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 | $141.2M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $121.4M |
| 自由现金流率自由现金流/营收 | 16.3% | 12.6% |
| 资本支出强度资本支出/营收 | 10.9% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 0.92× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $686.6M |
8季度趋势，按日历期对齐
经营现金流ALBMLI
| Q4 25 | $388.5M | $141.2M | ||
| Q3 25 | $355.6M | $310.1M | ||
| Q2 25 | $-7.2M | $190.6M | ||
| Q1 25 | $545.4M | $113.6M | ||
| Q4 24 | $674.0K | $140.1M | ||
| Q3 24 | $240.5M | $231.4M | ||
| Q2 24 | $362.9M | $100.8M | ||
| Q1 24 | $98.0M | $173.6M |
自由现金流ALBMLI
| Q4 25 | $233.1M | $121.4M | ||
| Q3 25 | $223.4M | $291.8M | ||
| Q2 25 | $-126.8M | $176.5M | ||
| Q1 25 | $362.8M | $97.0M | ||
| Q4 24 | $-355.1M | $111.2M | ||
| Q3 24 | $-62.6M | $205.7M | ||
| Q2 24 | $-84.7M | $91.6M | ||
| Q1 24 | $-481.4M | $157.2M |
自由现金流率ALBMLI
| Q4 25 | 16.3% | 12.6% | ||
| Q3 25 | 17.1% | 27.1% | ||
| Q2 25 | -9.5% | 15.5% | ||
| Q1 25 | 33.7% | 9.7% | ||
| Q4 24 | -28.8% | 12.0% | ||
| Q3 24 | -4.6% | 20.6% | ||
| Q2 24 | -5.9% | 9.2% | ||
| Q1 24 | -35.4% | 18.5% |
资本支出强度ALBMLI
| Q4 25 | 10.9% | 2.1% | ||
| Q3 25 | 10.1% | 1.7% | ||
| Q2 25 | 9.0% | 1.2% | ||
| Q1 25 | 17.0% | 1.7% | ||
| Q4 24 | 28.9% | 3.1% | ||
| Q3 24 | 22.4% | 2.6% | ||
| Q2 24 | 31.3% | 0.9% | ||
| Q1 24 | 42.6% | 1.9% |
现金转化率ALBMLI
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | -0.31× | 0.78× | ||
| Q1 25 | 13.19× | 0.72× | ||
| Q4 24 | 0.01× | 1.02× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | 40.01× | 1.25× |
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% |
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
