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雅保（ALB）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是雅保的1.2倍（$1.7B vs $1.4B），北极星净利率更高（-2.8% vs -29.0%，领先26.2%），雅保同比增速更快（15.9% vs 8.0%），雅保自由现金流更多（$233.1M vs $-342.5M），过去两年雅保的营收复合增速更高（2.4% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
ALB vs PII — 直观对比
营收规模更大
PII
是对方的1.2倍
$1.4B
营收增速更快
ALB
高出7.9%
8.0%
净利率更高
PII
高出26.2%
-29.0%
自由现金流更多
ALB
多$575.6M
$-342.5M
两年增速更快
ALB
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $-414.2M | $-47.2M |
| 毛利率 | 13.9% | 20.2% |
| 营业利润率 | -15.2% | — |
| 净利率 | -29.0% | -2.8% |
| 营收同比 | 15.9% | 8.0% |
| 净利润同比 | -650.1% | 29.2% |
| 每股收益（稀释后） | $-3.88 | $-0.83 |
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ALBPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $2.0B |
净利润ALBPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | $-414.2M | $-303.6M | ||
| Q3 25 | $-160.7M | $-15.8M | ||
| Q2 25 | $22.9M | $-79.3M | ||
| Q1 25 | $41.3M | $-66.8M | ||
| Q4 24 | $75.3M | $10.6M | ||
| Q3 24 | $-1.1B | $27.7M | ||
| Q2 24 | $-188.2M | $68.7M |
毛利率ALBPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | 13.9% | 20.0% | ||
| Q3 25 | 9.0% | 20.7% | ||
| Q2 25 | 14.8% | 19.4% | ||
| Q1 25 | 14.5% | 16.0% | ||
| Q4 24 | 11.2% | 20.4% | ||
| Q3 24 | -7.7% | 20.6% | ||
| Q2 24 | -0.7% | 21.6% |
营业利润率ALBPII
| Q1 26 | — | — | ||
| Q4 25 | -15.2% | -16.7% | ||
| Q3 25 | -16.6% | 1.1% | ||
| Q2 25 | 3.6% | -0.7% | ||
| Q1 25 | 1.8% | -2.4% | ||
| Q4 24 | 0.4% | 3.7% | ||
| Q3 24 | -81.9% | 3.8% | ||
| Q2 24 | -34.4% | 6.1% |
净利率ALBPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | -29.0% | -15.8% | ||
| Q3 25 | -12.3% | -0.9% | ||
| Q2 25 | 1.7% | -4.3% | ||
| Q1 25 | 3.8% | -4.3% | ||
| Q4 24 | 6.1% | 0.6% | ||
| Q3 24 | -78.9% | 1.6% | ||
| Q2 24 | -13.2% | 3.5% |
每股收益（稀释后）ALBPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $-3.88 | $-5.34 | ||
| Q3 25 | $-1.72 | $-0.28 | ||
| Q2 25 | $-0.16 | $-1.39 | ||
| Q1 25 | $0.00 | $-1.17 | ||
| Q4 24 | $0.29 | $0.18 | ||
| Q3 24 | $-9.45 | $0.49 | ||
| Q2 24 | $-1.96 | $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 | — | $282.0M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $9.5B | $750.4M |
| 总资产 | $16.4B | $5.2B |
| 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ALBPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | — | $138.0M | ||
| Q3 25 | $1.9B | $335.5M | ||
| Q2 25 | $1.8B | $324.3M | ||
| Q1 25 | $1.5B | $291.7M | ||
| Q4 24 | $1.2B | $287.8M | ||
| Q3 24 | $1.7B | $291.3M | ||
| Q2 24 | $1.8B | $322.7M |
总债务ALBPII
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.6B | $1.3B | ||
| Q2 25 | $3.6B | $1.4B | ||
| Q1 25 | $3.5B | $1.6B | ||
| Q4 24 | $3.5B | $1.6B | ||
| Q3 24 | $3.6B | $1.7B | ||
| Q2 24 | $3.5B | $2.1B |
股东权益ALBPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $9.5B | $828.4M | ||
| Q3 25 | $10.0B | $1.1B | ||
| Q2 25 | $10.2B | $1.2B | ||
| Q1 25 | $10.0B | $1.2B | ||
| Q4 24 | $10.0B | $1.3B | ||
| Q3 24 | $10.2B | $1.3B | ||
| Q2 24 | $11.2B | $1.3B |
总资产ALBPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $16.4B | $4.9B | ||
| Q3 25 | $17.1B | $5.3B | ||
| Q2 25 | $17.3B | $5.4B | ||
| Q1 25 | $17.0B | $5.5B | ||
| Q4 24 | $16.6B | $5.5B | ||
| Q3 24 | $17.5B | $5.6B | ||
| Q2 24 | $18.4B | $5.7B |
负债/权益比ALBPII
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | 1.82× | ||
| Q3 25 | 0.36× | 1.13× | ||
| Q2 25 | 0.35× | 1.17× | ||
| Q1 25 | 0.35× | 1.32× | ||
| Q4 24 | 0.35× | 1.27× | ||
| Q3 24 | 0.35× | 1.29× | ||
| Q2 24 | 0.31× | 1.56× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $-342.5M |
| 自由现金流率自由现金流/营收 | 16.3% | -20.6% |
| 资本支出强度资本支出/营收 | 10.9% | — |
| 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 | $168.0M |
8季度趋势，按日历期对齐
经营现金流ALBPII
| Q1 26 | — | — | ||
| Q4 25 | $388.5M | $178.7M | ||
| Q3 25 | $355.6M | $158.8M | ||
| Q2 25 | $-7.2M | $320.3M | ||
| Q1 25 | $545.4M | $83.2M | ||
| Q4 24 | $674.0K | $206.3M | ||
| Q3 24 | $240.5M | $21.0M | ||
| Q2 24 | $362.9M | $146.3M |
自由现金流ALBPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $233.1M | $114.0M | ||
| Q3 25 | $223.4M | $116.7M | ||
| Q2 25 | $-126.8M | $279.8M | ||
| Q1 25 | $362.8M | $47.6M | ||
| Q4 24 | $-355.1M | $137.3M | ||
| Q3 24 | $-62.6M | $-32.4M | ||
| Q2 24 | $-84.7M | $79.1M |
自由现金流率ALBPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | 16.3% | 5.9% | ||
| Q3 25 | 17.1% | 6.3% | ||
| Q2 25 | -9.5% | 15.1% | ||
| Q1 25 | 33.7% | 3.1% | ||
| Q4 24 | -28.8% | 7.8% | ||
| Q3 24 | -4.6% | -1.9% | ||
| Q2 24 | -5.9% | 4.0% |
资本支出强度ALBPII
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 3.4% | ||
| Q3 25 | 10.1% | 2.3% | ||
| Q2 25 | 9.0% | 2.2% | ||
| Q1 25 | 17.0% | 2.3% | ||
| Q4 24 | 28.9% | 3.9% | ||
| Q3 24 | 22.4% | 3.1% | ||
| Q2 24 | 31.3% | 3.4% |
现金转化率ALBPII
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.31× | — | ||
| Q1 25 | 13.19× | — | ||
| Q4 24 | 0.01× | 19.46× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 2.13× |
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% |
PII
暂无分部数据
