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雅保（ALB）与SEABOARD CORP（SEB）财务数据对比。点击上方公司名可切换其他公司
SEABOARD CORP的季度营收约是雅保的1.7倍（$2.4B vs $1.4B），SEABOARD CORP净利率更高（10.6% vs -29.0%，领先39.6%），雅保同比增速更快（15.9% vs -2.9%），雅保自由现金流更多（$233.1M vs $53.0M），过去两年SEABOARD CORP的营收复合增速更高（4.9% 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。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
ALB vs SEB — 直观对比
营收规模更大
SEB
是对方的1.7倍
$1.4B
营收增速更快
ALB
高出18.8%
-2.9%
净利率更高
SEB
高出39.6%
-29.0%
自由现金流更多
ALB
多$180.1M
$53.0M
两年增速更快
SEB
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.4B |
| 净利润 | $-414.2M | $255.0M |
| 毛利率 | 13.9% | 7.9% |
| 营业利润率 | -15.2% | 2.7% |
| 净利率 | -29.0% | 10.6% |
| 营收同比 | 15.9% | -2.9% |
| 净利润同比 | -650.1% | 63.5% |
| 每股收益（稀释后） | $-3.88 | $262.58 |
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ALBSEB
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.3B | $2.5B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.2B | $2.5B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $2.2B | ||
| Q1 24 | $1.4B | $2.2B |
净利润ALBSEB
| Q4 25 | $-414.2M | $255.0M | ||
| Q3 25 | $-160.7M | $110.0M | ||
| Q2 25 | $22.9M | $104.0M | ||
| Q1 25 | $41.3M | $32.0M | ||
| Q4 24 | $75.3M | $156.0M | ||
| Q3 24 | $-1.1B | $-149.0M | ||
| Q2 24 | $-188.2M | $61.0M | ||
| Q1 24 | $2.4M | $22.0M |
毛利率ALBSEB
| Q4 25 | 13.9% | 7.9% | ||
| Q3 25 | 9.0% | 7.8% | ||
| Q2 25 | 14.8% | 6.5% | ||
| Q1 25 | 14.5% | 6.1% | ||
| Q4 24 | 11.2% | 9.0% | ||
| Q3 24 | -7.7% | 6.2% | ||
| Q2 24 | -0.7% | 5.8% | ||
| Q1 24 | 2.9% | 4.0% |
营业利润率ALBSEB
| Q4 25 | -15.2% | 2.7% | ||
| Q3 25 | -16.6% | 3.3% | ||
| Q2 25 | 3.6% | 2.1% | ||
| Q1 25 | 1.8% | 1.6% | ||
| Q4 24 | 0.4% | 4.6% | ||
| Q3 24 | -81.9% | 1.4% | ||
| Q2 24 | -34.4% | 1.4% | ||
| Q1 24 | -13.2% | -0.9% |
净利率ALBSEB
| Q4 25 | -29.0% | 10.6% | ||
| Q3 25 | -12.3% | 4.3% | ||
| Q2 25 | 1.7% | 4.2% | ||
| Q1 25 | 3.8% | 1.4% | ||
| Q4 24 | 6.1% | 6.3% | ||
| Q3 24 | -78.9% | -6.7% | ||
| Q2 24 | -13.2% | 2.8% | ||
| Q1 24 | 0.2% | 1.0% |
每股收益（稀释后）ALBSEB
| Q4 25 | $-3.88 | $262.58 | ||
| Q3 25 | $-1.72 | $113.71 | ||
| Q2 25 | $-0.16 | $105.22 | ||
| Q1 25 | $0.00 | $32.95 | ||
| Q4 24 | $0.29 | $158.58 | ||
| Q3 24 | $-9.45 | $-153.44 | ||
| Q2 24 | $-1.96 | $62.82 | ||
| Q1 24 | $-0.08 | $22.66 |
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 | — | $1.2B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $9.5B | $5.2B |
| 总资产 | $16.4B | $8.2B |
| 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ALBSEB
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
总债务ALBSEB
| 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ALBSEB
| Q4 25 | $9.5B | $5.2B | ||
| Q3 25 | $10.0B | $5.0B | ||
| Q2 25 | $10.2B | $4.8B | ||
| Q1 25 | $10.0B | $4.7B | ||
| Q4 24 | $10.0B | $4.7B | ||
| Q3 24 | $10.2B | $4.5B | ||
| Q2 24 | $11.2B | $4.7B | ||
| Q1 24 | $11.5B | $4.6B |
总资产ALBSEB
| Q4 25 | $16.4B | $8.2B | ||
| Q3 25 | $17.1B | $8.0B | ||
| Q2 25 | $17.3B | $7.9B | ||
| Q1 25 | $17.0B | $7.6B | ||
| Q4 24 | $16.6B | $7.7B | ||
| Q3 24 | $17.5B | $7.5B | ||
| Q2 24 | $18.4B | $7.7B | ||
| Q1 24 | $19.0B | $7.6B |
负债/权益比ALBSEB
| 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 | $188.0M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $53.0M |
| 自由现金流率自由现金流/营收 | 16.3% | 2.2% |
| 资本支出强度资本支出/营收 | 10.9% | 5.6% |
| 现金转化率经营现金流/净利润 | — | 0.74× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $6.0M |
8季度趋势，按日历期对齐
经营现金流ALBSEB
| Q4 25 | $388.5M | $188.0M | ||
| Q3 25 | $355.6M | $319.0M | ||
| Q2 25 | $-7.2M | $81.0M | ||
| Q1 25 | $545.4M | $-20.0M | ||
| Q4 24 | $674.0K | $300.0M | ||
| Q3 24 | $240.5M | $194.0M | ||
| Q2 24 | $362.9M | $6.0M | ||
| Q1 24 | $98.0M | $19.0M |
自由现金流ALBSEB
| Q4 25 | $233.1M | $53.0M | ||
| Q3 25 | $223.4M | $152.0M | ||
| Q2 25 | $-126.8M | $-70.0M | ||
| Q1 25 | $362.8M | $-129.0M | ||
| Q4 24 | $-355.1M | $162.0M | ||
| Q3 24 | $-62.6M | $58.0M | ||
| Q2 24 | $-84.7M | $-127.0M | ||
| Q1 24 | $-481.4M | $-85.0M |
自由现金流率ALBSEB
| Q4 25 | 16.3% | 2.2% | ||
| Q3 25 | 17.1% | 6.0% | ||
| Q2 25 | -9.5% | -2.8% | ||
| Q1 25 | 33.7% | -5.6% | ||
| Q4 24 | -28.8% | 6.5% | ||
| Q3 24 | -4.6% | 2.6% | ||
| Q2 24 | -5.9% | -5.7% | ||
| Q1 24 | -35.4% | -3.9% |
资本支出强度ALBSEB
| Q4 25 | 10.9% | 5.6% | ||
| Q3 25 | 10.1% | 6.6% | ||
| Q2 25 | 9.0% | 6.1% | ||
| Q1 25 | 17.0% | 4.7% | ||
| Q4 24 | 28.9% | 5.6% | ||
| Q3 24 | 22.4% | 6.1% | ||
| Q2 24 | 31.3% | 6.0% | ||
| Q1 24 | 42.6% | 4.7% |
现金转化率ALBSEB
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 2.90× | ||
| Q2 25 | -0.31× | 0.78× | ||
| Q1 25 | 13.19× | -0.63× | ||
| Q4 24 | 0.01× | 1.92× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | 40.01× | 0.86× |
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% |
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
