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雅保（ALB）与BLUE OWL CAPITAL INC.（OWL）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BLUE OWL CAPITAL INC.的1.9倍（$1.4B vs $755.6M），BLUE OWL CAPITAL INC.净利率更高（6.3% vs -29.0%，领先35.3%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 15.9%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $233.1M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% 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。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
ALB vs OWL — 直观对比
营收规模更大
ALB
是对方的1.9倍
$755.6M
营收增速更快
OWL
高出3.7%
15.9%
净利率更高
OWL
高出35.3%
-29.0%
自由现金流更多
OWL
多$126.0M
$233.1M
两年增速更快
OWL
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $755.6M |
| 净利润 | $-414.2M | $47.7M |
| 毛利率 | 13.9% | — |
| 营业利润率 | -15.2% | 22.2% |
| 净利率 | -29.0% | 6.3% |
| 营收同比 | 15.9% | 19.7% |
| 净利润同比 | -650.1% | 129.8% |
| 每股收益（稀释后） | $-3.88 | $0.07 |
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ALBOWL
| Q4 25 | $1.4B | $755.6M | ||
| Q3 25 | $1.3B | $728.0M | ||
| Q2 25 | $1.3B | $703.1M | ||
| Q1 25 | $1.1B | $683.5M | ||
| Q4 24 | $1.2B | $631.4M | ||
| Q3 24 | $1.4B | $600.9M | ||
| Q2 24 | $1.4B | $549.8M | ||
| Q1 24 | $1.4B | $513.3M |
净利润ALBOWL
| Q4 25 | $-414.2M | $47.7M | ||
| Q3 25 | $-160.7M | $6.3M | ||
| Q2 25 | $22.9M | $17.4M | ||
| Q1 25 | $41.3M | $7.4M | ||
| Q4 24 | $75.3M | $20.7M | ||
| Q3 24 | $-1.1B | $29.8M | ||
| Q2 24 | $-188.2M | $33.9M | ||
| Q1 24 | $2.4M | $25.1M |
毛利率ALBOWL
| Q4 25 | 13.9% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | -7.7% | — | ||
| Q2 24 | -0.7% | — | ||
| Q1 24 | 2.9% | — |
营业利润率ALBOWL
| Q4 25 | -15.2% | 22.2% | ||
| Q3 25 | -16.6% | 7.6% | ||
| Q2 25 | 3.6% | 12.0% | ||
| Q1 25 | 1.8% | 5.9% | ||
| Q4 24 | 0.4% | 11.7% | ||
| Q3 24 | -81.9% | 18.7% | ||
| Q2 24 | -34.4% | 28.4% | ||
| Q1 24 | -13.2% | 24.7% |
净利率ALBOWL
| Q4 25 | -29.0% | 6.3% | ||
| Q3 25 | -12.3% | 0.9% | ||
| Q2 25 | 1.7% | 2.5% | ||
| Q1 25 | 3.8% | 1.1% | ||
| Q4 24 | 6.1% | 3.3% | ||
| Q3 24 | -78.9% | 5.0% | ||
| Q2 24 | -13.2% | 6.2% | ||
| Q1 24 | 0.2% | 4.9% |
每股收益（稀释后）ALBOWL
| Q4 25 | $-3.88 | $0.07 | ||
| Q3 25 | $-1.72 | $0.01 | ||
| Q2 25 | $-0.16 | $0.02 | ||
| Q1 25 | $0.00 | $0.00 | ||
| Q4 24 | $0.29 | $0.06 | ||
| Q3 24 | $-9.45 | $0.04 | ||
| Q2 24 | $-1.96 | $0.06 | ||
| Q1 24 | $-0.08 | $0.04 |
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 | — | $194.5M |
| 总债务越低越好 | $3.2B | $3.3B |
| 股东权益账面价值 | $9.5B | $2.2B |
| 总资产 | $16.4B | $12.5B |
| 负债/权益比越低杠杆越低 | 0.33× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资ALBOWL
| Q4 25 | — | $194.5M | ||
| Q3 25 | $1.9B | $137.3M | ||
| Q2 25 | $1.8B | $117.6M | ||
| Q1 25 | $1.5B | $97.6M | ||
| Q4 24 | $1.2B | $152.1M | ||
| Q3 24 | $1.7B | $115.9M | ||
| Q2 24 | $1.8B | $436.8M | ||
| Q1 24 | $2.1B | $155.8M |
总债务ALBOWL
| Q4 25 | $3.2B | $3.3B | ||
| Q3 25 | $3.6B | $3.2B | ||
| Q2 25 | $3.6B | $3.2B | ||
| Q1 25 | $3.5B | $3.2B | ||
| Q4 24 | $3.5B | $2.6B | ||
| Q3 24 | $3.6B | $2.5B | ||
| Q2 24 | $3.5B | $2.5B | ||
| Q1 24 | $3.5B | $2.1B |
股东权益ALBOWL
| Q4 25 | $9.5B | $2.2B | ||
| Q3 25 | $10.0B | $2.3B | ||
| Q2 25 | $10.2B | $2.4B | ||
| Q1 25 | $10.0B | $2.3B | ||
| Q4 24 | $10.0B | $2.1B | ||
| Q3 24 | $10.2B | $2.0B | ||
| Q2 24 | $11.2B | $1.7B | ||
| Q1 24 | $11.5B | $1.6B |
总资产ALBOWL
| Q4 25 | $16.4B | $12.5B | ||
| Q3 25 | $17.1B | $12.5B | ||
| Q2 25 | $17.3B | $12.3B | ||
| Q1 25 | $17.0B | $12.3B | ||
| Q4 24 | $16.6B | $11.0B | ||
| Q3 24 | $17.5B | $10.8B | ||
| Q2 24 | $18.4B | $9.7B | ||
| Q1 24 | $19.0B | $9.0B |
负债/权益比ALBOWL
| Q4 25 | 0.33× | 1.51× | ||
| Q3 25 | 0.36× | 1.41× | ||
| Q2 25 | 0.35× | 1.38× | ||
| Q1 25 | 0.35× | 1.37× | ||
| Q4 24 | 0.35× | 1.22× | ||
| Q3 24 | 0.35× | 1.27× | ||
| Q2 24 | 0.31× | 1.41× | ||
| Q1 24 | 0.31× | 1.26× |
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 | $382.9M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $359.1M |
| 自由现金流率自由现金流/营收 | 16.3% | 47.5% |
| 资本支出强度资本支出/营收 | 10.9% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 8.03× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $1.2B |
8季度趋势，按日历期对齐
经营现金流ALBOWL
| Q4 25 | $388.5M | $382.9M | ||
| Q3 25 | $355.6M | $433.1M | ||
| Q2 25 | $-7.2M | $422.5M | ||
| Q1 25 | $545.4M | $17.6M | ||
| Q4 24 | $674.0K | $324.0M | ||
| Q3 24 | $240.5M | $326.0M | ||
| Q2 24 | $362.9M | $302.3M | ||
| Q1 24 | $98.0M | $47.2M |
自由现金流ALBOWL
| Q4 25 | $233.1M | $359.1M | ||
| Q3 25 | $223.4M | $422.5M | ||
| Q2 25 | $-126.8M | $412.5M | ||
| Q1 25 | $362.8M | $4.2M | ||
| Q4 24 | $-355.1M | $310.1M | ||
| Q3 24 | $-62.6M | $314.8M | ||
| Q2 24 | $-84.7M | $269.4M | ||
| Q1 24 | $-481.4M | $41.1M |
自由现金流率ALBOWL
| Q4 25 | 16.3% | 47.5% | ||
| Q3 25 | 17.1% | 58.0% | ||
| Q2 25 | -9.5% | 58.7% | ||
| Q1 25 | 33.7% | 0.6% | ||
| Q4 24 | -28.8% | 49.1% | ||
| Q3 24 | -4.6% | 52.4% | ||
| Q2 24 | -5.9% | 49.0% | ||
| Q1 24 | -35.4% | 8.0% |
资本支出强度ALBOWL
| Q4 25 | 10.9% | 3.1% | ||
| Q3 25 | 10.1% | 1.5% | ||
| Q2 25 | 9.0% | 1.4% | ||
| Q1 25 | 17.0% | 2.0% | ||
| Q4 24 | 28.9% | 2.2% | ||
| Q3 24 | 22.4% | 1.9% | ||
| Q2 24 | 31.3% | 6.0% | ||
| Q1 24 | 42.6% | 1.2% |
现金转化率ALBOWL
| Q4 25 | — | 8.03× | ||
| Q3 25 | — | 68.64× | ||
| Q2 25 | -0.31× | 24.25× | ||
| Q1 25 | 13.19× | 2.37× | ||
| Q4 24 | 0.01× | 15.62× | ||
| Q3 24 | — | 10.94× | ||
| Q2 24 | — | 8.91× | ||
| Q1 24 | 40.01× | 1.88× |
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% |
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
