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雅保（ALB）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是雅保的1.5倍（$2.1B vs $1.4B）。欧文斯科宁净利率更高（-13.9% vs -29.0%，领先15.1%）。雅保同比增速更快（15.9% vs -24.6%）。欧文斯科宁自由现金流更多（$333.0M vs $233.1M）。过去两年雅保的营收复合增速更高（2.4% vs -3.5%）
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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
ALB vs OC — 直观对比
营收规模更大
OC
是对方的1.5倍
$1.4B
营收增速更快
ALB
高出40.5%
-24.6%
净利率更高
OC
高出15.1%
-29.0%
自由现金流更多
OC
多$99.9M
$233.1M
两年增速更快
ALB
近两年复合增速
-3.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.1B |
| 净利润 | $-414.2M | $-298.0M |
| 毛利率 | 13.9% | 23.2% |
| 营业利润率 | -15.2% | -10.5% |
| 净利率 | -29.0% | -13.9% |
| 营收同比 | 15.9% | -24.6% |
| 净利润同比 | -650.1% | -15.5% |
| 每股收益（稀释后） | $-3.88 | $-3.47 |
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ALBOC
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.3B | $2.7B | ||
| Q2 25 | $1.3B | $2.7B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.2B | $2.8B | ||
| Q3 24 | $1.4B | $3.0B | ||
| Q2 24 | $1.4B | $2.8B | ||
| Q1 24 | $1.4B | $2.3B |
净利润ALBOC
| Q4 25 | $-414.2M | $-298.0M | ||
| Q3 25 | $-160.7M | $-494.0M | ||
| Q2 25 | $22.9M | $363.0M | ||
| Q1 25 | $41.3M | $-93.0M | ||
| Q4 24 | $75.3M | $-258.0M | ||
| Q3 24 | $-1.1B | $321.0M | ||
| Q2 24 | $-188.2M | $285.0M | ||
| Q1 24 | $2.4M | $299.0M |
毛利率ALBOC
| Q4 25 | 13.9% | 23.2% | ||
| Q3 25 | 9.0% | 28.2% | ||
| Q2 25 | 14.8% | 31.2% | ||
| Q1 25 | 14.5% | 28.7% | ||
| Q4 24 | 11.2% | 28.1% | ||
| Q3 24 | -7.7% | 29.8% | ||
| Q2 24 | -0.7% | 31.1% | ||
| Q1 24 | 2.9% | 29.6% |
营业利润率ALBOC
| Q4 25 | -15.2% | -10.5% | ||
| Q3 25 | -16.6% | -12.2% | ||
| Q2 25 | 3.6% | 18.4% | ||
| Q1 25 | 1.8% | 16.1% | ||
| Q4 24 | 0.4% | -8.5% | ||
| Q3 24 | -81.9% | 16.7% | ||
| Q2 24 | -34.4% | 16.4% | ||
| Q1 24 | -13.2% | 17.5% |
净利率ALBOC
| Q4 25 | -29.0% | -13.9% | ||
| Q3 25 | -12.3% | -18.4% | ||
| Q2 25 | 1.7% | 13.2% | ||
| Q1 25 | 3.8% | -3.7% | ||
| Q4 24 | 6.1% | -9.1% | ||
| Q3 24 | -78.9% | 10.5% | ||
| Q2 24 | -13.2% | 10.2% | ||
| Q1 24 | 0.2% | 13.0% |
每股收益（稀释后）ALBOC
| Q4 25 | $-3.88 | $-3.47 | ||
| Q3 25 | $-1.72 | $-5.92 | ||
| Q2 25 | $-0.16 | $4.25 | ||
| Q1 25 | $0.00 | $-1.08 | ||
| Q4 24 | $0.29 | $-2.92 | ||
| Q3 24 | $-9.45 | $3.65 | ||
| Q2 24 | $-1.96 | $3.24 | ||
| Q1 24 | $-0.08 | $3.40 |
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 | — | $345.0M |
| 总债务越低越好 | $3.2B | $4.7B |
| 股东权益账面价值 | $9.5B | $3.9B |
| 总资产 | $16.4B | $13.0B |
| 负债/权益比越低杠杆越低 | 0.33× | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资ALBOC
| Q4 25 | — | $345.0M | ||
| Q3 25 | $1.9B | $286.0M | ||
| Q2 25 | $1.8B | $230.0M | ||
| Q1 25 | $1.5B | $400.0M | ||
| Q4 24 | $1.2B | $361.0M | ||
| Q3 24 | $1.7B | $499.0M | ||
| Q2 24 | $1.8B | $254.0M | ||
| Q1 24 | $2.1B | $1.3B |
总债务ALBOC
| Q4 25 | $3.2B | $4.7B | ||
| Q3 25 | $3.6B | $4.7B | ||
| Q2 25 | $3.6B | $5.1B | ||
| Q1 25 | $3.5B | $5.0B | ||
| Q4 24 | $3.5B | $5.1B | ||
| Q3 24 | $3.6B | $5.0B | ||
| Q2 24 | $3.5B | $5.0B | ||
| Q1 24 | $3.5B | $2.6B |
股东权益ALBOC
| Q4 25 | $9.5B | $3.9B | ||
| Q3 25 | $10.0B | $4.4B | ||
| Q2 25 | $10.2B | $5.2B | ||
| Q1 25 | $10.0B | $4.9B | ||
| Q4 24 | $10.0B | $5.1B | ||
| Q3 24 | $10.2B | $5.6B | ||
| Q2 24 | $11.2B | $5.5B | ||
| Q1 24 | $11.5B | $5.2B |
总资产ALBOC
| Q4 25 | $16.4B | $13.0B | ||
| Q3 25 | $17.1B | $13.5B | ||
| Q2 25 | $17.3B | $14.5B | ||
| Q1 25 | $17.0B | $14.3B | ||
| Q4 24 | $16.6B | $14.1B | ||
| Q3 24 | $17.5B | $15.1B | ||
| Q2 24 | $18.4B | $15.0B | ||
| Q1 24 | $19.0B | $11.3B |
负债/权益比ALBOC
| Q4 25 | 0.33× | 1.22× | ||
| Q3 25 | 0.36× | 1.06× | ||
| Q2 25 | 0.35× | 0.98× | ||
| Q1 25 | 0.35× | 1.03× | ||
| Q4 24 | 0.35× | 1.01× | ||
| Q3 24 | 0.35× | 0.89× | ||
| Q2 24 | 0.31× | 0.92× | ||
| Q1 24 | 0.31× | 0.51× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $333.0M |
| 自由现金流率自由现金流/营收 | 16.3% | 15.5% |
| 资本支出强度资本支出/营收 | 10.9% | 12.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $692.5M | $962.0M |
8季度趋势，按日历期对齐
经营现金流ALBOC
| Q4 25 | $388.5M | $590.0M | ||
| Q3 25 | $355.6M | $918.0M | ||
| Q2 25 | $-7.2M | $327.0M | ||
| Q1 25 | $545.4M | $-49.0M | ||
| Q4 24 | $674.0K | $676.0M | ||
| Q3 24 | $240.5M | $699.0M | ||
| Q2 24 | $362.9M | $493.0M | ||
| Q1 24 | $98.0M | $24.0M |
自由现金流ALBOC
| Q4 25 | $233.1M | $333.0M | ||
| Q3 25 | $223.4M | $752.0M | ||
| Q2 25 | $-126.8M | $129.0M | ||
| Q1 25 | $362.8M | $-252.0M | ||
| Q4 24 | $-355.1M | $479.0M | ||
| Q3 24 | $-62.6M | $558.0M | ||
| Q2 24 | $-84.7M | $336.0M | ||
| Q1 24 | $-481.4M | $-128.0M |
自由现金流率ALBOC
| Q4 25 | 16.3% | 15.5% | ||
| Q3 25 | 17.1% | 28.0% | ||
| Q2 25 | -9.5% | 4.7% | ||
| Q1 25 | 33.7% | -10.0% | ||
| Q4 24 | -28.8% | 16.9% | ||
| Q3 24 | -4.6% | 18.3% | ||
| Q2 24 | -5.9% | 12.0% | ||
| Q1 24 | -35.4% | -5.6% |
资本支出强度ALBOC
| Q4 25 | 10.9% | 12.0% | ||
| Q3 25 | 10.1% | 6.2% | ||
| Q2 25 | 9.0% | 7.2% | ||
| Q1 25 | 17.0% | 8.0% | ||
| Q4 24 | 28.9% | 6.9% | ||
| Q3 24 | 22.4% | 4.6% | ||
| Q2 24 | 31.3% | 5.6% | ||
| Q1 24 | 42.6% | 6.6% |
现金转化率ALBOC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.31× | 0.90× | ||
| Q1 25 | 13.19× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | 40.01× | 0.08× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
