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空气化工产品公司（APD）与Orion S.A.（OEC）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Orion S.A.的7.5倍（$3.1B vs $411.7M）。空气化工产品公司同比增速更快（5.8% vs -5.2%）。Orion S.A.自由现金流更多（$44.2M 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 -9.5%）
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。
奥里昂集团成立于1917年，总部位于芬兰埃斯波，是一家全球化运营的芬兰企业。公司面向全球市场研发、生产并销售人用与兽用药品以及药用活性成分，旗下所有生产基地及大部分研发部门均设于芬兰境内。
APD vs OEC — 直观对比
营收规模更大
APD
是对方的7.5倍
$411.7M
营收增速更快
APD
高出11.0%
-5.2%
自由现金流更多
OEC
多$394.7M
$-350.5M
两年增速更快
APD
近两年复合增速
-9.5%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $411.7M |
| 净利润 | $678.2M | — |
| 毛利率 | 32.1% | 18.9% |
| 营业利润率 | 23.7% | 4.3% |
| 净利率 | 21.9% | — |
| 营收同比 | 5.8% | -5.2% |
| 净利润同比 | 9.8% | — |
| 每股收益（稀释后） | $3.04 | $-0.36 |
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APDOEC
| Q4 25 | $3.1B | $411.7M | ||
| Q3 25 | $3.2B | $450.9M | ||
| Q2 25 | $3.0B | $466.4M | ||
| Q1 25 | $2.9B | $477.7M | ||
| Q4 24 | $2.9B | $434.2M | ||
| Q3 24 | $3.2B | $463.4M | ||
| Q2 24 | $3.0B | $477.0M | ||
| Q1 24 | $2.9B | $502.9M |
净利润APDOEC
| Q4 25 | $678.2M | — | ||
| Q3 25 | $4.9M | $-67.1M | ||
| Q2 25 | $713.8M | $9.0M | ||
| Q1 25 | $-1.7B | $9.1M | ||
| Q4 24 | $617.4M | — | ||
| Q3 24 | $1.9B | $-20.2M | ||
| Q2 24 | $696.6M | $20.5M | ||
| Q1 24 | $572.4M | $26.7M |
毛利率APDOEC
| Q4 25 | 32.1% | 18.9% | ||
| Q3 25 | 32.3% | 19.0% | ||
| Q2 25 | 32.5% | 21.1% | ||
| Q1 25 | 29.6% | 20.5% | ||
| Q4 24 | 31.2% | 20.6% | ||
| Q3 24 | 34.0% | 23.2% | ||
| Q2 24 | 32.8% | 23.0% | ||
| Q1 24 | 32.0% | 24.3% |
营业利润率APDOEC
| Q4 25 | 23.7% | 4.3% | ||
| Q3 25 | 0.5% | -11.9% | ||
| Q2 25 | 26.2% | 6.9% | ||
| Q1 25 | -79.8% | 6.5% | ||
| Q4 24 | 22.0% | 5.4% | ||
| Q3 24 | 76.1% | -3.3% | ||
| Q2 24 | 24.7% | 8.7% | ||
| Q1 24 | 21.7% | 10.5% |
净利率APDOEC
| Q4 25 | 21.9% | — | ||
| Q3 25 | 0.2% | -14.9% | ||
| Q2 25 | 23.6% | 1.9% | ||
| Q1 25 | -59.3% | 1.9% | ||
| Q4 24 | 21.1% | — | ||
| Q3 24 | 61.2% | -4.4% | ||
| Q2 24 | 23.3% | 4.3% | ||
| Q1 24 | 19.5% | 5.3% |
每股收益（稀释后）APDOEC
| Q4 25 | $3.04 | $-0.36 | ||
| Q3 25 | $0.03 | $-1.20 | ||
| Q2 25 | $3.20 | $0.16 | ||
| Q1 25 | $-7.77 | $0.16 | ||
| Q4 24 | $2.77 | $0.31 | ||
| Q3 24 | $8.75 | $-0.35 | ||
| Q2 24 | $3.13 | $0.35 | ||
| Q1 24 | $2.57 | $0.45 |
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 | $60.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $384.6M |
| 总资产 | $41.2B | $1.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APDOEC
| Q4 25 | $1.0B | $60.7M | ||
| Q3 25 | $1.9B | $51.3M | ||
| Q2 25 | $2.3B | $42.6M | ||
| Q1 25 | $1.6B | $37.5M | ||
| Q4 24 | $2.0B | $44.2M | ||
| Q3 24 | $3.0B | $53.2M | ||
| Q2 24 | $2.4B | $34.2M | ||
| Q1 24 | $2.6B | $43.9M |
股东权益APDOEC
| Q4 25 | $15.4B | $384.6M | ||
| Q3 25 | $15.0B | $401.8M | ||
| Q2 25 | $15.5B | $466.5M | ||
| Q1 25 | $14.7B | $466.1M | ||
| Q4 24 | $16.7B | $474.9M | ||
| Q3 24 | $17.0B | $476.3M | ||
| Q2 24 | $15.1B | $503.9M | ||
| Q1 24 | $14.9B | $492.2M |
总资产APDOEC
| Q4 25 | $41.2B | $1.9B | ||
| Q3 25 | $41.1B | $2.0B | ||
| Q2 25 | $41.7B | $2.0B | ||
| Q1 25 | $38.9B | $2.0B | ||
| Q4 24 | $40.0B | $1.9B | ||
| Q3 24 | $39.6B | $2.0B | ||
| Q2 24 | $37.0B | $1.9B | ||
| Q1 24 | $35.9B | $1.9B |
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 | $92.9M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $44.2M |
| 自由现金流率自由现金流/营收 | -11.3% | 10.7% |
| 资本支出强度资本支出/营收 | 40.3% | 11.8% |
| 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 | — | $54.8M |
8季度趋势，按日历期对齐
经营现金流APDOEC
| Q4 25 | $900.7M | $92.9M | ||
| Q3 25 | — | $68.8M | ||
| Q2 25 | $855.8M | $53.7M | ||
| Q1 25 | $328.1M | $400.0K | ||
| Q4 24 | $811.7M | $94.5M | ||
| Q3 24 | — | $-30.9M | ||
| Q2 24 | $1.3B | $29.3M | ||
| Q1 24 | $801.7M | $32.4M |
自由现金流APDOEC
| Q4 25 | $-350.5M | $44.2M | ||
| Q3 25 | — | $27.9M | ||
| Q2 25 | $-640.0M | $11.5M | ||
| Q1 25 | $-1.6B | $-28.8M | ||
| Q4 24 | $-1.3B | $23.5M | ||
| Q3 24 | — | $-78.8M | ||
| Q2 24 | $-345.2M | $-25.4M | ||
| Q1 24 | $-867.7M | $-700.0K |
自由现金流率APDOEC
| Q4 25 | -11.3% | 10.7% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | -21.2% | 2.5% | ||
| Q1 25 | -53.6% | -6.0% | ||
| Q4 24 | -44.5% | 5.4% | ||
| Q3 24 | — | -17.0% | ||
| Q2 24 | -11.6% | -5.3% | ||
| Q1 24 | -29.6% | -0.1% |
资本支出强度APDOEC
| Q4 25 | 40.3% | 11.8% | ||
| Q3 25 | 47.9% | 9.1% | ||
| Q2 25 | 49.5% | 9.0% | ||
| Q1 25 | 64.9% | 6.1% | ||
| Q4 24 | 72.2% | 16.4% | ||
| Q3 24 | 65.1% | 10.3% | ||
| Q2 24 | 53.8% | 11.5% | ||
| Q1 24 | 57.0% | 6.6% |
现金转化率APDOEC
| Q4 25 | 1.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | 5.97× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.81× | 1.43× | ||
| Q1 24 | 1.40× | 1.21× |
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% |
OEC
| Rubber | $272.0M | 66% |
| Specialties | $139.7M | 34% |
