vs
雅保（ALB）与思佳讯（SWKS）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思佳讯的1.4倍（$1.4B vs $1.0B），思佳讯净利率更高（7.6% vs -29.0%，领先36.7%），雅保同比增速更快（15.9% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $233.1M），过去两年雅保的营收复合增速更高（2.4% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
ALB vs SWKS — 直观对比
营收规模更大
ALB
是对方的1.4倍
$1.0B
营收增速更快
ALB
高出7.3%
8.6%
净利率更高
SWKS
高出36.7%
-29.0%
自由现金流更多
SWKS
多$105.9M
$233.1M
两年增速更快
ALB
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $-414.2M | $79.2M |
| 毛利率 | 13.9% | 41.3% |
| 营业利润率 | -15.2% | 10.0% |
| 净利率 | -29.0% | 7.6% |
| 营收同比 | 15.9% | 8.6% |
| 净利润同比 | -650.1% | 15.3% |
| 每股收益（稀释后） | $-3.88 | $0.53 |
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ALBSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | $965.0M | ||
| Q1 25 | $1.1B | $953.2M | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.4B | $905.5M |
净利润ALBSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $-414.2M | $141.4M | ||
| Q3 25 | $-160.7M | — | ||
| Q2 25 | $22.9M | $105.0M | ||
| Q1 25 | $41.3M | $68.7M | ||
| Q4 24 | $75.3M | $162.0M | ||
| Q3 24 | $-1.1B | $60.5M | ||
| Q2 24 | $-188.2M | $120.9M |
毛利率ALBSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 13.9% | 40.7% | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 14.8% | 41.6% | ||
| Q1 25 | 14.5% | 41.1% | ||
| Q4 24 | 11.2% | 41.4% | ||
| Q3 24 | -7.7% | 41.9% | ||
| Q2 24 | -0.7% | 40.2% |
营业利润率ALBSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | -15.2% | 10.1% | ||
| Q3 25 | -16.6% | — | ||
| Q2 25 | 3.6% | 11.5% | ||
| Q1 25 | 1.8% | 10.2% | ||
| Q4 24 | 0.4% | 16.9% | ||
| Q3 24 | -81.9% | 5.8% | ||
| Q2 24 | -34.4% | 14.4% |
净利率ALBSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | -29.0% | 12.9% | ||
| Q3 25 | -12.3% | — | ||
| Q2 25 | 1.7% | 10.9% | ||
| Q1 25 | 3.8% | 7.2% | ||
| Q4 24 | 6.1% | 15.2% | ||
| Q3 24 | -78.9% | 5.9% | ||
| Q2 24 | -13.2% | 13.4% |
每股收益（稀释后）ALBSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $-3.88 | $0.95 | ||
| Q3 25 | $-1.72 | — | ||
| Q2 25 | $-0.16 | $0.70 | ||
| Q1 25 | $0.00 | $0.43 | ||
| Q4 24 | $0.29 | $1.00 | ||
| Q3 24 | $-9.45 | $0.36 | ||
| Q2 24 | $-1.96 | $0.75 |
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 | — | $1.6B |
| 总债务越低越好 | $3.2B | $496.6M |
| 股东权益账面价值 | $9.5B | $5.8B |
| 总资产 | $16.4B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ALBSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.7B | $1.6B | ||
| Q2 24 | $1.8B | $1.3B |
总债务ALBSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $3.2B | $496.4M | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | $496.2M | ||
| Q1 25 | $3.5B | $995.1M | ||
| Q4 24 | $3.5B | $994.7M | ||
| Q3 24 | $3.6B | $994.3M | ||
| Q2 24 | $3.5B | $994.0M |
股东权益ALBSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $9.5B | $5.8B | ||
| Q3 25 | $10.0B | — | ||
| Q2 25 | $10.2B | $5.7B | ||
| Q1 25 | $10.0B | $5.9B | ||
| Q4 24 | $10.0B | $6.4B | ||
| Q3 24 | $10.2B | $6.3B | ||
| Q2 24 | $11.2B | $6.3B |
总资产ALBSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $16.4B | $7.9B | ||
| Q3 25 | $17.1B | — | ||
| Q2 25 | $17.3B | $7.7B | ||
| Q1 25 | $17.0B | $7.9B | ||
| Q4 24 | $16.6B | $8.3B | ||
| Q3 24 | $17.5B | $8.3B | ||
| Q2 24 | $18.4B | $8.2B |
负债/权益比ALBSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.33× | 0.09× | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | 0.09× | ||
| Q1 25 | 0.35× | 0.17× | ||
| Q4 24 | 0.35× | 0.16× | ||
| Q3 24 | 0.35× | 0.16× | ||
| Q2 24 | 0.31× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $339.0M |
| 自由现金流率自由现金流/营收 | 16.3% | 32.7% |
| 资本支出强度资本支出/营收 | 10.9% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 4.99× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $1.1B |
8季度趋势，按日历期对齐
经营现金流ALBSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $388.5M | $200.0M | ||
| Q3 25 | $355.6M | — | ||
| Q2 25 | $-7.2M | $314.2M | ||
| Q1 25 | $545.4M | $409.4M | ||
| Q4 24 | $674.0K | $377.2M | ||
| Q3 24 | $240.5M | $476.1M | ||
| Q2 24 | $362.9M | $273.4M |
自由现金流ALBSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $233.1M | $144.0M | ||
| Q3 25 | $223.4M | — | ||
| Q2 25 | $-126.8M | $252.7M | ||
| Q1 25 | $362.8M | $370.9M | ||
| Q4 24 | $-355.1M | $338.2M | ||
| Q3 24 | $-62.6M | $393.3M | ||
| Q2 24 | $-84.7M | $249.0M |
自由现金流率ALBSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 16.3% | 13.1% | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | -9.5% | 26.2% | ||
| Q1 25 | 33.7% | 38.9% | ||
| Q4 24 | -28.8% | 31.7% | ||
| Q3 24 | -4.6% | 38.4% | ||
| Q2 24 | -5.9% | 27.5% |
资本支出强度ALBSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 10.9% | 5.1% | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 9.0% | 6.4% | ||
| Q1 25 | 17.0% | 4.0% | ||
| Q4 24 | 28.9% | 3.6% | ||
| Q3 24 | 22.4% | 8.1% | ||
| Q2 24 | 31.3% | 2.7% |
现金转化率ALBSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.31× | 2.99× | ||
| Q1 25 | 13.19× | 5.96× | ||
| Q4 24 | 0.01× | 2.33× | ||
| Q3 24 | — | 7.87× | ||
| Q2 24 | — | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
