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雅保（ALB）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是雅保的1.3倍（$1.9B vs $1.4B），Vulcan Materials Company净利率更高（13.2% vs -29.0%，领先42.2%），雅保同比增速更快（15.9% vs 3.2%），Vulcan Materials Company自由现金流更多（$358.2M vs $233.1M），过去两年Vulcan Materials Company的营收复合增速更高（11.2% 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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
ALB vs VMC — 直观对比
营收规模更大
VMC
是对方的1.3倍
$1.4B
营收增速更快
ALB
高出12.8%
3.2%
净利率更高
VMC
高出42.2%
-29.0%
自由现金流更多
VMC
多$125.1M
$233.1M
两年增速更快
VMC
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.9B |
| 净利润 | $-414.2M | $252.0M |
| 毛利率 | 13.9% | 25.5% |
| 营业利润率 | -15.2% | 19.8% |
| 净利率 | -29.0% | 13.2% |
| 营收同比 | 15.9% | 3.2% |
| 净利润同比 | -650.1% | -14.2% |
| 每股收益（稀释后） | $-3.88 | $1.90 |
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ALBVMC
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.3B | $2.3B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $1.5B |
净利润ALBVMC
| Q4 25 | $-414.2M | $252.0M | ||
| Q3 25 | $-160.7M | $374.9M | ||
| Q2 25 | $22.9M | $320.9M | ||
| Q1 25 | $41.3M | $128.9M | ||
| Q4 24 | $75.3M | $293.6M | ||
| Q3 24 | $-1.1B | $207.6M | ||
| Q2 24 | $-188.2M | $308.0M | ||
| Q1 24 | $2.4M | $102.7M |
毛利率ALBVMC
| Q4 25 | 13.9% | 25.5% | ||
| Q3 25 | 9.0% | 30.4% | ||
| Q2 25 | 14.8% | 29.7% | ||
| Q1 25 | 14.5% | 22.3% | ||
| Q4 24 | 11.2% | 29.0% | ||
| Q3 24 | -7.7% | 28.2% | ||
| Q2 24 | -0.7% | 29.4% | ||
| Q1 24 | 2.9% | 19.7% |
营业利润率ALBVMC
| Q4 25 | -15.2% | 19.8% | ||
| Q3 25 | -16.6% | 23.7% | ||
| Q2 25 | 3.6% | 22.4% | ||
| Q1 25 | 1.8% | 13.9% | ||
| Q4 24 | 0.4% | 21.6% | ||
| Q3 24 | -81.9% | 16.8% | ||
| Q2 24 | -34.4% | 22.5% | ||
| Q1 24 | -13.2% | 11.2% |
净利率ALBVMC
| Q4 25 | -29.0% | 13.2% | ||
| Q3 25 | -12.3% | 16.4% | ||
| Q2 25 | 1.7% | 15.3% | ||
| Q1 25 | 3.8% | 7.9% | ||
| Q4 24 | 6.1% | 15.8% | ||
| Q3 24 | -78.9% | 10.4% | ||
| Q2 24 | -13.2% | 15.3% | ||
| Q1 24 | 0.2% | 6.6% |
每股收益（稀释后）ALBVMC
| Q4 25 | $-3.88 | $1.90 | ||
| Q3 25 | $-1.72 | $2.82 | ||
| Q2 25 | $-0.16 | $2.42 | ||
| Q1 25 | $0.00 | $0.97 | ||
| Q4 24 | $0.29 | $2.21 | ||
| Q3 24 | $-9.45 | $1.56 | ||
| Q2 24 | $-1.96 | $2.31 | ||
| Q1 24 | $-0.08 | $0.77 |
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 | — | $183.3M |
| 总债务越低越好 | $3.2B | $4.4B |
| 股东权益账面价值 | $9.5B | $8.5B |
| 总资产 | $16.4B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资ALBVMC
| Q4 25 | — | $183.3M | ||
| Q3 25 | $1.9B | $191.3M | ||
| Q2 25 | $1.8B | $347.4M | ||
| Q1 25 | $1.5B | $181.3M | ||
| Q4 24 | $1.2B | $559.7M | ||
| Q3 24 | $1.7B | $433.2M | ||
| Q2 24 | $1.8B | $111.0M | ||
| Q1 24 | $2.1B | $292.4M |
总债务ALBVMC
| Q4 25 | $3.2B | $4.4B | ||
| Q3 25 | $3.6B | $4.4B | ||
| Q2 25 | $3.6B | $4.4B | ||
| Q1 25 | $3.5B | $4.9B | ||
| Q4 24 | $3.5B | $5.3B | ||
| Q3 24 | $3.6B | $3.3B | ||
| Q2 24 | $3.5B | $3.3B | ||
| Q1 24 | $3.5B | $3.3B |
股东权益ALBVMC
| Q4 25 | $9.5B | $8.5B | ||
| Q3 25 | $10.0B | $8.7B | ||
| Q2 25 | $10.2B | $8.4B | ||
| Q1 25 | $10.0B | $8.1B | ||
| Q4 24 | $10.0B | $8.1B | ||
| Q3 24 | $10.2B | $7.9B | ||
| Q2 24 | $11.2B | $7.7B | ||
| Q1 24 | $11.5B | $7.5B |
总资产ALBVMC
| Q4 25 | $16.4B | $16.7B | ||
| Q3 25 | $17.1B | $17.0B | ||
| Q2 25 | $17.3B | $17.0B | ||
| Q1 25 | $17.0B | $16.7B | ||
| Q4 24 | $16.6B | $17.1B | ||
| Q3 24 | $17.5B | $14.4B | ||
| Q2 24 | $18.4B | $14.2B | ||
| Q1 24 | $19.0B | $13.9B |
负债/权益比ALBVMC
| Q4 25 | 0.33× | 0.51× | ||
| Q3 25 | 0.36× | 0.50× | ||
| Q2 25 | 0.35× | 0.52× | ||
| Q1 25 | 0.35× | 0.60× | ||
| Q4 24 | 0.35× | 0.65× | ||
| Q3 24 | 0.35× | 0.42× | ||
| Q2 24 | 0.31× | 0.43× | ||
| Q1 24 | 0.31× | 0.44× |
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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $358.2M |
| 自由现金流率自由现金流/营收 | 16.3% | 18.7% |
| 资本支出强度资本支出/营收 | 10.9% | 9.7% |
| 现金转化率经营现金流/净利润 | — | 2.15× |
| 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ALBVMC
| Q4 25 | $388.5M | $543.0M | ||
| Q3 25 | $355.6M | $676.8M | ||
| Q2 25 | $-7.2M | $341.7M | ||
| Q1 25 | $545.4M | $251.5M | ||
| Q4 24 | $674.0K | $440.1M | ||
| Q3 24 | $240.5M | $595.0M | ||
| Q2 24 | $362.9M | $201.1M | ||
| Q1 24 | $98.0M | $173.4M |
自由现金流ALBVMC
| Q4 25 | $233.1M | $358.2M | ||
| Q3 25 | $223.4M | $454.8M | ||
| Q2 25 | $-126.8M | $238.8M | ||
| Q1 25 | $362.8M | $83.5M | ||
| Q4 24 | $-355.1M | $277.6M | ||
| Q3 24 | $-62.6M | $498.2M | ||
| Q2 24 | $-84.7M | $9.7M | ||
| Q1 24 | $-481.4M | $20.6M |
自由现金流率ALBVMC
| Q4 25 | 16.3% | 18.7% | ||
| Q3 25 | 17.1% | 19.8% | ||
| Q2 25 | -9.5% | 11.4% | ||
| Q1 25 | 33.7% | 5.1% | ||
| Q4 24 | -28.8% | 15.0% | ||
| Q3 24 | -4.6% | 24.9% | ||
| Q2 24 | -5.9% | 0.5% | ||
| Q1 24 | -35.4% | 1.3% |
资本支出强度ALBVMC
| Q4 25 | 10.9% | 9.7% | ||
| Q3 25 | 10.1% | 9.7% | ||
| Q2 25 | 9.0% | 4.9% | ||
| Q1 25 | 17.0% | 10.3% | ||
| Q4 24 | 28.9% | 8.8% | ||
| Q3 24 | 22.4% | 4.8% | ||
| Q2 24 | 31.3% | 9.5% | ||
| Q1 24 | 42.6% | 9.9% |
现金转化率ALBVMC
| Q4 25 | — | 2.15× | ||
| Q3 25 | — | 1.81× | ||
| Q2 25 | -0.31× | 1.06× | ||
| Q1 25 | 13.19× | 1.95× | ||
| Q4 24 | 0.01× | 1.50× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | 40.01× | 1.69× |
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% |
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
