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空气化工产品公司（APD）与普立万（AVNT）财务数据对比。点击上方公司名可切换其他公司
空气化工产品公司的季度营收约是普立万的4.1倍（$3.1B vs $760.6M）。空气化工产品公司净利率更高（21.9% vs 2.2%，领先19.6%）。空气化工产品公司同比增速更快（5.8% vs 1.9%）。普立万自由现金流更多（$125.4M vs $-350.5M）。过去两年空气化工产品公司的营收复合增速更高（2.9% vs -4.2%）
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
普立万公司是一家全球性材料解决方案供应商，总部位于美国俄亥俄州埃文湖，全球员工约9000人。主营产品涵盖色母粒、先进复合材料、功能添加剂以及工程材料，为多行业客户提供定制化的材料相关技术支持与解决方案。
APD vs AVNT — 直观对比
营收规模更大
APD
是对方的4.1倍
$760.6M
营收增速更快
APD
高出3.9%
1.9%
净利率更高
APD
高出19.6%
2.2%
自由现金流更多
AVNT
多$475.9M
$-350.5M
两年增速更快
APD
近两年复合增速
-4.2%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $760.6M |
| 净利润 | $678.2M | $16.9M |
| 毛利率 | 32.1% | 30.2% |
| 营业利润率 | 23.7% | 5.2% |
| 净利率 | 21.9% | 2.2% |
| 营收同比 | 5.8% | 1.9% |
| 净利润同比 | 9.8% | -65.0% |
| 每股收益（稀释后） | $3.04 | $0.18 |
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APDAVNT
| Q4 25 | $3.1B | $760.6M | ||
| Q3 25 | $3.2B | $806.5M | ||
| Q2 25 | $3.0B | $866.5M | ||
| Q1 25 | $2.9B | $826.6M | ||
| Q4 24 | $2.9B | $746.5M | ||
| Q3 24 | $3.2B | $815.2M | ||
| Q2 24 | $3.0B | $849.7M | ||
| Q1 24 | $2.9B | $829.0M |
净利润APDAVNT
| Q4 25 | $678.2M | $16.9M | ||
| Q3 25 | $4.9M | $32.6M | ||
| Q2 25 | $713.8M | $52.6M | ||
| Q1 25 | $-1.7B | $-20.2M | ||
| Q4 24 | $617.4M | $48.3M | ||
| Q3 24 | $1.9B | $38.2M | ||
| Q2 24 | $696.6M | $33.6M | ||
| Q1 24 | $572.4M | $49.4M |
毛利率APDAVNT
| Q4 25 | 32.1% | 30.2% | ||
| Q3 25 | 32.3% | 30.4% | ||
| Q2 25 | 32.5% | 32.1% | ||
| Q1 25 | 29.6% | 31.8% | ||
| Q4 24 | 31.2% | 34.8% | ||
| Q3 24 | 34.0% | 32.1% | ||
| Q2 24 | 32.8% | 30.3% | ||
| Q1 24 | 32.0% | 33.6% |
营业利润率APDAVNT
| Q4 25 | 23.7% | 5.2% | ||
| Q3 25 | 0.5% | 8.3% | ||
| Q2 25 | 26.2% | 11.1% | ||
| Q1 25 | -79.8% | 0.1% | ||
| Q4 24 | 22.0% | 11.5% | ||
| Q3 24 | 76.1% | 9.5% | ||
| Q2 24 | 24.7% | 8.5% | ||
| Q1 24 | 21.7% | 11.3% |
净利率APDAVNT
| Q4 25 | 21.9% | 2.2% | ||
| Q3 25 | 0.2% | 4.0% | ||
| Q2 25 | 23.6% | 6.1% | ||
| Q1 25 | -59.3% | -2.4% | ||
| Q4 24 | 21.1% | 6.5% | ||
| Q3 24 | 61.2% | 4.7% | ||
| Q2 24 | 23.3% | 4.0% | ||
| Q1 24 | 19.5% | 6.0% |
每股收益（稀释后）APDAVNT
| Q4 25 | $3.04 | $0.18 | ||
| Q3 25 | $0.03 | $0.36 | ||
| Q2 25 | $3.20 | $0.57 | ||
| Q1 25 | $-7.77 | $-0.22 | ||
| Q4 24 | $2.77 | $0.53 | ||
| Q3 24 | $8.75 | $0.41 | ||
| Q2 24 | $3.13 | $0.36 | ||
| Q1 24 | $2.57 | $0.54 |
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 | $1.0B | — |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $15.4B | $2.4B |
| 总资产 | $41.2B | $6.0B |
| 负债/权益比越低杠杆越低 | — | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资APDAVNT
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
总债务APDAVNT
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
股东权益APDAVNT
| Q4 25 | $15.4B | $2.4B | ||
| Q3 25 | $15.0B | $2.4B | ||
| Q2 25 | $15.5B | $2.4B | ||
| Q1 25 | $14.7B | $2.3B | ||
| Q4 24 | $16.7B | $2.3B | ||
| Q3 24 | $17.0B | $2.4B | ||
| Q2 24 | $15.1B | $2.3B | ||
| Q1 24 | $14.9B | $2.3B |
总资产APDAVNT
| Q4 25 | $41.2B | $6.0B | ||
| Q3 25 | $41.1B | $6.1B | ||
| Q2 25 | $41.7B | $6.1B | ||
| Q1 25 | $38.9B | $5.8B | ||
| Q4 24 | $40.0B | $5.8B | ||
| Q3 24 | $39.6B | $6.0B | ||
| Q2 24 | $37.0B | $5.9B | ||
| Q1 24 | $35.9B | $5.9B |
负债/权益比APDAVNT
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 0.90× |
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 | $900.7M | $167.8M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $125.4M |
| 自由现金流率自由现金流/营收 | -11.3% | 16.5% |
| 资本支出强度资本支出/营收 | 40.3% | 5.6% |
| 现金转化率经营现金流/净利润 | 1.33× | 9.93× |
| 过去12个月自由现金流最近4个季度 | — | $195.0M |
8季度趋势，按日历期对齐
经营现金流APDAVNT
| Q4 25 | $900.7M | $167.8M | ||
| Q3 25 | — | $72.1M | ||
| Q2 25 | $855.8M | $112.8M | ||
| Q1 25 | $328.1M | $-51.1M | ||
| Q4 24 | $811.7M | $122.6M | ||
| Q3 24 | — | $71.1M | ||
| Q2 24 | $1.3B | $105.9M | ||
| Q1 24 | $801.7M | $-42.8M |
自由现金流APDAVNT
| Q4 25 | $-350.5M | $125.4M | ||
| Q3 25 | — | $47.4M | ||
| Q2 25 | $-640.0M | $85.8M | ||
| Q1 25 | $-1.6B | $-63.6M | ||
| Q4 24 | $-1.3B | $81.5M | ||
| Q3 24 | — | $46.1M | ||
| Q2 24 | $-345.2M | $74.5M | ||
| Q1 24 | $-867.7M | $-67.2M |
自由现金流率APDAVNT
| Q4 25 | -11.3% | 16.5% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | -21.2% | 9.9% | ||
| Q1 25 | -53.6% | -7.7% | ||
| Q4 24 | -44.5% | 10.9% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | -11.6% | 8.8% | ||
| Q1 24 | -29.6% | -8.1% |
资本支出强度APDAVNT
| Q4 25 | 40.3% | 5.6% | ||
| Q3 25 | 47.9% | 3.1% | ||
| Q2 25 | 49.5% | 3.1% | ||
| Q1 25 | 64.9% | 1.5% | ||
| Q4 24 | 72.2% | 5.5% | ||
| Q3 24 | 65.1% | 3.1% | ||
| Q2 24 | 53.8% | 3.7% | ||
| Q1 24 | 57.0% | 2.9% |
现金转化率APDAVNT
| Q4 25 | 1.33× | 9.93× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 1.20× | 2.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.31× | 2.54× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | 1.81× | 3.15× | ||
| Q1 24 | 1.40× | -0.87× |
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
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
