vs
空气化工产品公司（APD）与Element Solutions Inc（ESI）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Element Solutions Inc的4.6倍（$3.1B vs $676.2M）。空气化工产品公司净利率更高（21.9% vs 0.9%，领先20.9%）。Element Solutions Inc同比增速更快（8.3% vs 5.8%）。过去两年Element Solutions Inc的营收复合增速更高（8.4% vs 2.9%）
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。
Element Solutions Inc是一家总部位于美国的特种化学品生产企业，专注于特种化学品领域的生产运营，于纽约证券交易所挂牌上市，业务覆盖全球多个市场，为各行业客户提供专业的特种化学品产品及相关解决方案。
APD vs ESI — 直观对比
营收规模更大
APD
是对方的4.6倍
$676.2M
营收增速更快
ESI
高出2.5%
5.8%
净利率更高
APD
高出20.9%
0.9%
两年增速更快
ESI
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $676.2M |
| 净利润 | $678.2M | $6.2M |
| 毛利率 | 32.1% | 40.9% |
| 营业利润率 | 23.7% | 10.3% |
| 净利率 | 21.9% | 0.9% |
| 营收同比 | 5.8% | 8.3% |
| 净利润同比 | 9.8% | -88.7% |
| 每股收益（稀释后） | $3.04 | $0.03 |
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APDESI
| Q4 25 | $3.1B | $676.2M | ||
| Q3 25 | $3.2B | $656.1M | ||
| Q2 25 | $3.0B | $625.2M | ||
| Q1 25 | $2.9B | $593.7M | ||
| Q4 24 | $2.9B | $624.2M | ||
| Q3 24 | $3.2B | $645.0M | ||
| Q2 24 | $3.0B | $612.7M | ||
| Q1 24 | $2.9B | $575.0M |
净利润APDESI
| Q4 25 | $678.2M | $6.2M | ||
| Q3 25 | $4.9M | $39.3M | ||
| Q2 25 | $713.8M | $47.4M | ||
| Q1 25 | $-1.7B | $98.0M | ||
| Q4 24 | $617.4M | $54.7M | ||
| Q3 24 | $1.9B | $40.3M | ||
| Q2 24 | $696.6M | $93.2M | ||
| Q1 24 | $572.4M | $56.0M |
毛利率APDESI
| Q4 25 | 32.1% | 40.9% | ||
| Q3 25 | 32.3% | 42.2% | ||
| Q2 25 | 32.5% | 42.6% | ||
| Q1 25 | 29.6% | 42.2% | ||
| Q4 24 | 31.2% | 41.0% | ||
| Q3 24 | 34.0% | 41.5% | ||
| Q2 24 | 32.8% | 43.6% | ||
| Q1 24 | 32.0% | 42.6% |
营业利润率APDESI
| Q4 25 | 23.7% | 10.3% | ||
| Q3 25 | 0.5% | 15.4% | ||
| Q2 25 | 26.2% | 15.1% | ||
| Q1 25 | -79.8% | 13.0% | ||
| Q4 24 | 22.0% | 12.0% | ||
| Q3 24 | 76.1% | 14.7% | ||
| Q2 24 | 24.7% | 15.7% | ||
| Q1 24 | 21.7% | 13.5% |
净利率APDESI
| Q4 25 | 21.9% | 0.9% | ||
| Q3 25 | 0.2% | 6.0% | ||
| Q2 25 | 23.6% | 7.6% | ||
| Q1 25 | -59.3% | 16.5% | ||
| Q4 24 | 21.1% | 8.8% | ||
| Q3 24 | 61.2% | 6.2% | ||
| Q2 24 | 23.3% | 15.2% | ||
| Q1 24 | 19.5% | 9.7% |
每股收益（稀释后）APDESI
| Q4 25 | $3.04 | $0.03 | ||
| Q3 25 | $0.03 | $0.16 | ||
| Q2 25 | $3.20 | $0.20 | ||
| Q1 25 | $-7.77 | $0.40 | ||
| Q4 24 | $2.77 | $0.22 | ||
| Q3 24 | $8.75 | $0.17 | ||
| Q2 24 | $3.13 | $0.39 | ||
| Q1 24 | $2.57 | $0.23 |
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 | $626.5M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $15.4B | $2.7B |
| 总资产 | $41.2B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资APDESI
| Q4 25 | $1.0B | $626.5M | ||
| Q3 25 | $1.9B | $594.3M | ||
| Q2 25 | $2.3B | $529.9M | ||
| Q1 25 | $1.6B | $499.2M | ||
| Q4 24 | $2.0B | $359.4M | ||
| Q3 24 | $3.0B | $376.0M | ||
| Q2 24 | $2.4B | $309.3M | ||
| Q1 24 | $2.6B | $286.3M |
总债务APDESI
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
股东权益APDESI
| Q4 25 | $15.4B | $2.7B | ||
| Q3 25 | $15.0B | $2.7B | ||
| Q2 25 | $15.5B | $2.6B | ||
| Q1 25 | $14.7B | $2.5B | ||
| Q4 24 | $16.7B | $2.4B | ||
| Q3 24 | $17.0B | $2.4B | ||
| Q2 24 | $15.1B | $2.4B | ||
| Q1 24 | $14.9B | $2.3B |
总资产APDESI
| Q4 25 | $41.2B | $5.1B | ||
| Q3 25 | $41.1B | $5.0B | ||
| Q2 25 | $41.7B | $5.0B | ||
| Q1 25 | $38.9B | $4.8B | ||
| Q4 24 | $40.0B | $4.9B | ||
| Q3 24 | $39.6B | $5.1B | ||
| Q2 24 | $37.0B | $5.0B | ||
| Q1 24 | $35.9B | $4.9B |
负债/权益比APDESI
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.76× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.83× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | — |
| 自由现金流率自由现金流/营收 | -11.3% | — |
| 资本支出强度资本支出/营收 | 40.3% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.33× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APDESI
| Q4 25 | $900.7M | — | ||
| Q3 25 | — | $100.1M | ||
| Q2 25 | $855.8M | — | ||
| Q1 25 | $328.1M | $26.0M | ||
| Q4 24 | $811.7M | — | ||
| Q3 24 | — | $98.5M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $801.7M | $58.2M |
自由现金流APDESI
| Q4 25 | $-350.5M | — | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | $-640.0M | — | ||
| Q1 25 | $-1.6B | $15.0M | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | — | $85.9M | ||
| Q2 24 | $-345.2M | — | ||
| Q1 24 | $-867.7M | $39.2M |
自由现金流率APDESI
| Q4 25 | -11.3% | — | ||
| Q3 25 | — | 12.7% | ||
| Q2 25 | -21.2% | — | ||
| Q1 25 | -53.6% | 2.5% | ||
| Q4 24 | -44.5% | — | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | -11.6% | — | ||
| Q1 24 | -29.6% | 6.8% |
资本支出强度APDESI
| Q4 25 | 40.3% | 2.5% | ||
| Q3 25 | 47.9% | 2.5% | ||
| Q2 25 | 49.5% | 2.8% | ||
| Q1 25 | 64.9% | 1.9% | ||
| Q4 24 | 72.2% | 3.6% | ||
| Q3 24 | 65.1% | 2.0% | ||
| Q2 24 | 53.8% | 2.4% | ||
| Q1 24 | 57.0% | 3.3% |
现金转化率APDESI
| Q4 25 | 1.33× | — | ||
| Q3 25 | — | 2.55× | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | 2.44× | ||
| Q2 24 | 1.81× | — | ||
| Q1 24 | 1.40× | 1.04× |
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% |
ESI
| Assembly Solutions | $254.2M | 38% |
| Industrial Solutions | $165.3M | 24% |
| Electronics Solutions | $139.0M | 21% |
| Semi Conductors | $94.1M | 14% |
| Energy Solutions | $23.6M | 3% |
