vs
雅保（ALB）与MSC INDUSTRIAL DIRECT CO INC（MSM）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MSC INDUSTRIAL DIRECT CO INC的1.5倍（$1.4B vs $965.7M），MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs -29.0%，领先34.4%），雅保同比增速更快（15.9% vs 4.0%），雅保自由现金流更多（$233.1M vs $7.4M），过去两年雅保的营收复合增速更高（2.4% vs -3.4%）
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。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
ALB vs MSM — 直观对比
营收规模更大
ALB
是对方的1.5倍
$965.7M
营收增速更快
ALB
高出11.9%
4.0%
净利率更高
MSM
高出34.4%
-29.0%
自由现金流更多
ALB
多$225.7M
$7.4M
两年增速更快
ALB
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $965.7M |
| 净利润 | $-414.2M | $51.8M |
| 毛利率 | 13.9% | 40.7% |
| 营业利润率 | -15.2% | 7.9% |
| 净利率 | -29.0% | 5.4% |
| 营收同比 | 15.9% | 4.0% |
| 净利润同比 | -650.1% | 11.1% |
| 每股收益（稀释后） | $-3.88 | $0.93 |
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ALBMSM
| Q4 25 | $1.4B | $965.7M | ||
| Q3 25 | $1.3B | $978.2M | ||
| Q2 25 | $1.3B | $971.1M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.2B | $928.5M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | $979.4M | ||
| Q1 24 | $1.4B | $935.3M |
净利润ALBMSM
| Q4 25 | $-414.2M | $51.8M | ||
| Q3 25 | $-160.7M | $56.5M | ||
| Q2 25 | $22.9M | $56.8M | ||
| Q1 25 | $41.3M | — | ||
| Q4 24 | $75.3M | $46.6M | ||
| Q3 24 | $-1.1B | — | ||
| Q2 24 | $-188.2M | $71.7M | ||
| Q1 24 | $2.4M | $61.8M |
毛利率ALBMSM
| Q4 25 | 13.9% | 40.7% | ||
| Q3 25 | 9.0% | 40.4% | ||
| Q2 25 | 14.8% | 41.0% | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 11.2% | 40.7% | ||
| Q3 24 | -7.7% | — | ||
| Q2 24 | -0.7% | 40.9% | ||
| Q1 24 | 2.9% | 41.5% |
营业利润率ALBMSM
| Q4 25 | -15.2% | 7.9% | ||
| Q3 25 | -16.6% | 8.6% | ||
| Q2 25 | 3.6% | 8.5% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 0.4% | 7.8% | ||
| Q3 24 | -81.9% | — | ||
| Q2 24 | -34.4% | 10.9% | ||
| Q1 24 | -13.2% | 9.7% |
净利率ALBMSM
| Q4 25 | -29.0% | 5.4% | ||
| Q3 25 | -12.3% | 5.8% | ||
| Q2 25 | 1.7% | 5.9% | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 6.1% | 5.0% | ||
| Q3 24 | -78.9% | — | ||
| Q2 24 | -13.2% | 7.3% | ||
| Q1 24 | 0.2% | 6.6% |
每股收益（稀释后）ALBMSM
| Q4 25 | $-3.88 | $0.93 | ||
| Q3 25 | $-1.72 | $1.02 | ||
| Q2 25 | $-0.16 | $1.02 | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $0.29 | $0.83 | ||
| Q3 24 | $-9.45 | — | ||
| Q2 24 | $-1.96 | $1.27 | ||
| Q1 24 | $-0.08 | $1.10 |
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 | — | $40.3M |
| 总债务越低越好 | $3.2B | $214.1M |
| 股东权益账面价值 | $9.5B | $1.4B |
| 总资产 | $16.4B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资ALBMSM
| Q4 25 | — | $40.3M | ||
| Q3 25 | $1.9B | $56.2M | ||
| Q2 25 | $1.8B | $71.7M | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.2B | $57.3M | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.8B | $25.9M | ||
| Q1 24 | $2.1B | $22.2M |
总债务ALBMSM
| Q4 25 | $3.2B | $214.1M | ||
| Q3 25 | $3.6B | $168.8M | ||
| Q2 25 | $3.6B | $285.0M | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | $289.9M | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | $299.8M | ||
| Q1 24 | $3.5B | $294.5M |
股东权益ALBMSM
| Q4 25 | $9.5B | $1.4B | ||
| Q3 25 | $10.0B | $1.4B | ||
| Q2 25 | $10.2B | $1.4B | ||
| Q1 25 | $10.0B | — | ||
| Q4 24 | $10.0B | $1.4B | ||
| Q3 24 | $10.2B | — | ||
| Q2 24 | $11.2B | $1.4B | ||
| Q1 24 | $11.5B | $1.4B |
总资产ALBMSM
| Q4 25 | $16.4B | $2.5B | ||
| Q3 25 | $17.1B | $2.5B | ||
| Q2 25 | $17.3B | $2.5B | ||
| Q1 25 | $17.0B | — | ||
| Q4 24 | $16.6B | $2.5B | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $18.4B | $2.5B | ||
| Q1 24 | $19.0B | $2.5B |
负债/权益比ALBMSM
| Q4 25 | 0.33× | 0.16× | ||
| Q3 25 | 0.36× | 0.12× | ||
| Q2 25 | 0.35× | 0.21× | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | 0.21× | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | 0.21× | ||
| Q1 24 | 0.31× | 0.21× |
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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $7.4M |
| 自由现金流率自由现金流/营收 | 16.3% | 0.8% |
| 资本支出强度资本支出/营收 | 10.9% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | $692.5M | — |
8季度趋势，按日历期对齐
经营现金流ALBMSM
| Q4 25 | $388.5M | $29.4M | ||
| Q3 25 | $355.6M | — | ||
| Q2 25 | $-7.2M | $151.6M | ||
| Q1 25 | $545.4M | — | ||
| Q4 24 | $674.0K | $101.9M | ||
| Q3 24 | $240.5M | — | ||
| Q2 24 | $362.9M | $143.5M | ||
| Q1 24 | $98.0M | $78.7M |
自由现金流ALBMSM
| Q4 25 | $233.1M | $7.4M | ||
| Q3 25 | $223.4M | — | ||
| Q2 25 | $-126.8M | $100.7M | ||
| Q1 25 | $362.8M | — | ||
| Q4 24 | $-355.1M | $81.7M | ||
| Q3 24 | $-62.6M | — | ||
| Q2 24 | $-84.7M | $114.0M | ||
| Q1 24 | $-481.4M | $53.4M |
自由现金流率ALBMSM
| Q4 25 | 16.3% | 0.8% | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | -9.5% | 10.4% | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | -28.8% | 8.8% | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -5.9% | 11.6% | ||
| Q1 24 | -35.4% | 5.7% |
资本支出强度ALBMSM
| Q4 25 | 10.9% | 2.3% | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 9.0% | 5.2% | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 28.9% | 2.2% | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 31.3% | 3.0% | ||
| Q1 24 | 42.6% | 2.7% |
现金转化率ALBMSM
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.31× | 2.67× | ||
| Q1 25 | 13.19× | — | ||
| Q4 24 | 0.01× | 2.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.00× | ||
| Q1 24 | 40.01× | 1.27× |
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% |
MSM
暂无分部数据
