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空气化工产品公司（APD）与Sylvamo Corp（SLVM）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Sylvamo Corp的3.5倍（$3.1B vs $890.0M）。空气化工产品公司净利率更高（21.9% vs 3.7%，领先18.2%）。空气化工产品公司同比增速更快（5.8% vs -8.2%）。Sylvamo Corp自由现金流更多（$38.0M 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 -0.8%）
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。
西尔瓦莫公司是全球领先的可持续纸浆与纸品生产商，核心产品包括非涂布印刷纸、包装纸及商用纸浆，业务覆盖北美、欧洲、拉美地区，服务办公耗材、出版、商业印刷、包装等多个领域。
APD vs SLVM — 直观对比
营收规模更大
APD
是对方的3.5倍
$890.0M
营收增速更快
APD
高出14.1%
-8.2%
净利率更高
APD
高出18.2%
3.7%
自由现金流更多
SLVM
多$388.5M
$-350.5M
两年增速更快
APD
近两年复合增速
-0.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $890.0M |
| 净利润 | $678.2M | $33.0M |
| 毛利率 | 32.1% | — |
| 营业利润率 | 23.7% | 8.9% |
| 净利率 | 21.9% | 3.7% |
| 营收同比 | 5.8% | -8.2% |
| 净利润同比 | 9.8% | -59.3% |
| 每股收益（稀释后） | $3.04 | $0.81 |
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APDSLVM
| Q4 25 | $3.1B | $890.0M | ||
| Q3 25 | $3.2B | $846.0M | ||
| Q2 25 | $3.0B | $794.0M | ||
| Q1 25 | $2.9B | $821.0M | ||
| Q4 24 | $2.9B | $970.0M | ||
| Q3 24 | $3.2B | $965.0M | ||
| Q2 24 | $3.0B | $933.0M | ||
| Q1 24 | $2.9B | $905.0M |
净利润APDSLVM
| Q4 25 | $678.2M | $33.0M | ||
| Q3 25 | $4.9M | $57.0M | ||
| Q2 25 | $713.8M | $15.0M | ||
| Q1 25 | $-1.7B | $27.0M | ||
| Q4 24 | $617.4M | $81.0M | ||
| Q3 24 | $1.9B | $95.0M | ||
| Q2 24 | $696.6M | $83.0M | ||
| Q1 24 | $572.4M | $43.0M |
毛利率APDSLVM
| Q4 25 | 32.1% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 32.5% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 31.2% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 32.8% | — | ||
| Q1 24 | 32.0% | — |
营业利润率APDSLVM
| Q4 25 | 23.7% | 8.9% | ||
| Q3 25 | 0.5% | 11.6% | ||
| Q2 25 | 26.2% | 3.8% | ||
| Q1 25 | -79.8% | 5.4% | ||
| Q4 24 | 22.0% | 11.2% | ||
| Q3 24 | 76.1% | 15.5% | ||
| Q2 24 | 24.7% | 13.1% | ||
| Q1 24 | 21.7% | 8.0% |
净利率APDSLVM
| Q4 25 | 21.9% | 3.7% | ||
| Q3 25 | 0.2% | 6.7% | ||
| Q2 25 | 23.6% | 1.9% | ||
| Q1 25 | -59.3% | 3.3% | ||
| Q4 24 | 21.1% | 8.4% | ||
| Q3 24 | 61.2% | 9.8% | ||
| Q2 24 | 23.3% | 8.9% | ||
| Q1 24 | 19.5% | 4.8% |
每股收益（稀释后）APDSLVM
| Q4 25 | $3.04 | $0.81 | ||
| Q3 25 | $0.03 | $1.41 | ||
| Q2 25 | $3.20 | $0.37 | ||
| Q1 25 | $-7.77 | $0.65 | ||
| Q4 24 | $2.77 | $1.91 | ||
| Q3 24 | $8.75 | $2.27 | ||
| Q2 24 | $3.13 | $1.98 | ||
| Q1 24 | $2.57 | $1.02 |
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 | $198.0M |
| 总债务越低越好 | — | $763.0M |
| 股东权益账面价值 | $15.4B | $966.0M |
| 总资产 | $41.2B | $2.8B |
| 负债/权益比越低杠杆越低 | — | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资APDSLVM
| Q4 25 | $1.0B | $198.0M | ||
| Q3 25 | $1.9B | $146.0M | ||
| Q2 25 | $2.3B | $183.0M | ||
| Q1 25 | $1.6B | $220.0M | ||
| Q4 24 | $2.0B | $309.0M | ||
| Q3 24 | $3.0B | $414.0M | ||
| Q2 24 | $2.4B | $213.0M | ||
| Q1 24 | $2.6B | $218.0M |
总债务APDSLVM
| Q4 25 | — | $763.0M | ||
| Q3 25 | — | $778.0M | ||
| Q2 25 | — | $767.0M | ||
| Q1 25 | — | $794.0M | ||
| Q4 24 | — | $782.0M | ||
| Q3 24 | — | $883.0M | ||
| Q2 24 | — | $894.0M | ||
| Q1 24 | — | $921.0M |
股东权益APDSLVM
| Q4 25 | $15.4B | $966.0M | ||
| Q3 25 | $15.0B | $977.0M | ||
| Q2 25 | $15.5B | $959.0M | ||
| Q1 25 | $14.7B | $908.0M | ||
| Q4 24 | $16.7B | $847.0M | ||
| Q3 24 | $17.0B | $937.0M | ||
| Q2 24 | $15.1B | $830.0M | ||
| Q1 24 | $14.9B | $889.0M |
总资产APDSLVM
| Q4 25 | $41.2B | $2.8B | ||
| Q3 25 | $41.1B | $2.7B | ||
| Q2 25 | $41.7B | $2.7B | ||
| Q1 25 | $38.9B | $2.6B | ||
| Q4 24 | $40.0B | $2.6B | ||
| Q3 24 | $39.6B | $2.9B | ||
| Q2 24 | $37.0B | $2.7B | ||
| Q1 24 | $35.9B | $2.6B |
负债/权益比APDSLVM
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.92× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 1.08× | ||
| Q1 24 | — | 1.04× |
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 | $94.0M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $38.0M |
| 自由现金流率自由现金流/营收 | -11.3% | 4.3% |
| 资本支出强度资本支出/营收 | 40.3% | 6.3% |
| 现金转化率经营现金流/净利润 | 1.33× | 2.85× |
| 过去12个月自由现金流最近4个季度 | — | $44.0M |
8季度趋势，按日历期对齐
经营现金流APDSLVM
| Q4 25 | $900.7M | $94.0M | ||
| Q3 25 | — | $87.0M | ||
| Q2 25 | $855.8M | $64.0M | ||
| Q1 25 | $328.1M | $23.0M | ||
| Q4 24 | $811.7M | $164.0M | ||
| Q3 24 | — | $163.0M | ||
| Q2 24 | $1.3B | $115.0M | ||
| Q1 24 | $801.7M | $27.0M |
自由现金流APDSLVM
| Q4 25 | $-350.5M | $38.0M | ||
| Q3 25 | — | $33.0M | ||
| Q2 25 | $-640.0M | $-2.0M | ||
| Q1 25 | $-1.6B | $-25.0M | ||
| Q4 24 | $-1.3B | $100.0M | ||
| Q3 24 | — | $119.0M | ||
| Q2 24 | $-345.2M | $62.0M | ||
| Q1 24 | $-867.7M | $-33.0M |
自由现金流率APDSLVM
| Q4 25 | -11.3% | 4.3% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | -21.2% | -0.3% | ||
| Q1 25 | -53.6% | -3.0% | ||
| Q4 24 | -44.5% | 10.3% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | -11.6% | 6.6% | ||
| Q1 24 | -29.6% | -3.6% |
资本支出强度APDSLVM
| Q4 25 | 40.3% | 6.3% | ||
| Q3 25 | 47.9% | 6.4% | ||
| Q2 25 | 49.5% | 8.3% | ||
| Q1 25 | 64.9% | 5.8% | ||
| Q4 24 | 72.2% | 6.6% | ||
| Q3 24 | 65.1% | 4.6% | ||
| Q2 24 | 53.8% | 5.7% | ||
| Q1 24 | 57.0% | 6.6% |
现金转化率APDSLVM
| Q4 25 | 1.33× | 2.85× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | 1.20× | 4.27× | ||
| Q1 25 | — | 0.85× | ||
| Q4 24 | 1.31× | 2.02× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | 1.81× | 1.39× | ||
| Q1 24 | 1.40× | 0.63× |
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% |
SLVM
暂无分部数据
