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普立万（AVNT）与特诺控股（TROX）财务数据对比。点击上方公司名可切换其他公司
普立万的季度营收约是特诺控股的1.0倍（$760.6M vs $730.0M），普立万净利率更高（2.2% vs -24.1%，领先26.3%），特诺控股同比增速更快（8.0% vs 1.9%），普立万自由现金流更多（$125.4M vs $53.0M），过去两年特诺控股的营收复合增速更高（-2.9% vs -4.2%）
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。
特诺控股是一家业务遍及全球的美国化工企业，专注于钛制品领域，现有员工约6500名。在收购南非埃萨罗资源原有的矿砂业务后，特诺已成为全球规模最大的全产业链二氧化钛颜料供应商。二氧化钛颜料主要为涂料、塑料、纸张等产品增白增亮，特诺还拥有钛矿砂开采及加工业务。
AVNT vs TROX — 直观对比
营收规模更大
AVNT
是对方的1.0倍
$730.0M
营收增速更快
TROX
高出6.1%
1.9%
净利率更高
AVNT
高出26.3%
-24.1%
自由现金流更多
AVNT
多$72.4M
$53.0M
两年增速更快
TROX
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $760.6M | $730.0M |
| 净利润 | $16.9M | $-176.0M |
| 毛利率 | 30.2% | 5.3% |
| 营业利润率 | 5.2% | -15.6% |
| 净利率 | 2.2% | -24.1% |
| 营收同比 | 1.9% | 8.0% |
| 净利润同比 | -65.0% | -486.7% |
| 每股收益（稀释后） | $0.18 | $-1.11 |
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AVNTTROX
| Q4 25 | $760.6M | $730.0M | ||
| Q3 25 | $806.5M | $699.0M | ||
| Q2 25 | $866.5M | $731.0M | ||
| Q1 25 | $826.6M | $738.0M | ||
| Q4 24 | $746.5M | $676.0M | ||
| Q3 24 | $815.2M | $804.0M | ||
| Q2 24 | $849.7M | $820.0M | ||
| Q1 24 | $829.0M | $774.0M |
净利润AVNTTROX
| Q4 25 | $16.9M | $-176.0M | ||
| Q3 25 | $32.6M | $-99.0M | ||
| Q2 25 | $52.6M | $-84.0M | ||
| Q1 25 | $-20.2M | $-111.0M | ||
| Q4 24 | $48.3M | $-30.0M | ||
| Q3 24 | $38.2M | $-25.0M | ||
| Q2 24 | $33.6M | $16.0M | ||
| Q1 24 | $49.4M | $-9.0M |
毛利率AVNTTROX
| Q4 25 | 30.2% | 5.3% | ||
| Q3 25 | 30.4% | 7.4% | ||
| Q2 25 | 32.1% | 10.8% | ||
| Q1 25 | 31.8% | 13.4% | ||
| Q4 24 | 34.8% | 17.3% | ||
| Q3 24 | 32.1% | 15.9% | ||
| Q2 24 | 30.3% | 18.3% | ||
| Q1 24 | 33.6% | 15.5% |
营业利润率AVNTTROX
| Q4 25 | 5.2% | -15.6% | ||
| Q3 25 | 8.3% | -6.2% | ||
| Q2 25 | 11.1% | -4.8% | ||
| Q1 25 | 0.1% | -8.3% | ||
| Q4 24 | 11.5% | 7.1% | ||
| Q3 24 | 9.5% | 6.7% | ||
| Q2 24 | 8.5% | 9.3% | ||
| Q1 24 | 11.3% | 5.3% |
净利率AVNTTROX
| Q4 25 | 2.2% | -24.1% | ||
| Q3 25 | 4.0% | -14.2% | ||
| Q2 25 | 6.1% | -11.5% | ||
| Q1 25 | -2.4% | -15.0% | ||
| Q4 24 | 6.5% | -4.4% | ||
| Q3 24 | 4.7% | -3.1% | ||
| Q2 24 | 4.0% | 2.0% | ||
| Q1 24 | 6.0% | -1.2% |
每股收益（稀释后）AVNTTROX
| Q4 25 | $0.18 | $-1.11 | ||
| Q3 25 | $0.36 | $-0.63 | ||
| Q2 25 | $0.57 | $-0.53 | ||
| Q1 25 | $-0.22 | $-0.70 | ||
| Q4 24 | $0.53 | $-0.19 | ||
| Q3 24 | $0.41 | $-0.16 | ||
| Q2 24 | $0.36 | $0.10 | ||
| Q1 24 | $0.54 | $-0.06 |
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 | — | $199.0M |
| 总债务越低越好 | $1.9B | $3.1B |
| 股东权益账面价值 | $2.4B | $1.4B |
| 总资产 | $6.0B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.81× | 2.21× |
8季度趋势，按日历期对齐
现金及短期投资AVNTTROX
| Q4 25 | — | $199.0M | ||
| Q3 25 | — | $185.0M | ||
| Q2 25 | — | $132.0M | ||
| Q1 25 | — | $138.0M | ||
| Q4 24 | — | $151.0M | ||
| Q3 24 | — | $167.0M | ||
| Q2 24 | — | $201.0M | ||
| Q1 24 | — | $152.0M |
总债务AVNTTROX
| Q4 25 | $1.9B | $3.1B | ||
| Q3 25 | $2.0B | $3.1B | ||
| Q2 25 | $2.0B | $2.7B | ||
| Q1 25 | $2.1B | $2.8B | ||
| Q4 24 | $2.1B | $2.8B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $2.1B | $2.8B | ||
| Q1 24 | $2.1B | $2.8B |
股东权益AVNTTROX
| Q4 25 | $2.4B | $1.4B | ||
| Q3 25 | $2.4B | $1.6B | ||
| Q2 25 | $2.4B | $1.6B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.4B | $1.9B | ||
| Q2 24 | $2.3B | $1.9B | ||
| Q1 24 | $2.3B | $1.9B |
总资产AVNTTROX
| Q4 25 | $6.0B | $6.2B | ||
| Q3 25 | $6.1B | $6.3B | ||
| Q2 25 | $6.1B | $6.2B | ||
| Q1 25 | $5.8B | $6.1B | ||
| Q4 24 | $5.8B | $6.0B | ||
| Q3 24 | $6.0B | $6.2B | ||
| Q2 24 | $5.9B | $6.1B | ||
| Q1 24 | $5.9B | $6.0B |
负债/权益比AVNTTROX
| Q4 25 | 0.81× | 2.21× | ||
| Q3 25 | 0.83× | 2.01× | ||
| Q2 25 | 0.86× | 1.67× | ||
| Q1 25 | 0.90× | 1.64× | ||
| Q4 24 | 0.89× | 1.57× | ||
| Q3 24 | 0.88× | 1.45× | ||
| Q2 24 | 0.90× | 1.47× | ||
| Q1 24 | 0.90× | 1.48× |
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 | $167.8M | $121.0M |
| 自由现金流经营现金流 - 资本支出 | $125.4M | $53.0M |
| 自由现金流率自由现金流/营收 | 16.5% | 7.3% |
| 资本支出强度资本支出/营收 | 5.6% | 9.3% |
| 现金转化率经营现金流/净利润 | 9.93× | — |
| 过去12个月自由现金流最近4个季度 | $195.0M | $-281.0M |
8季度趋势，按日历期对齐
经营现金流AVNTTROX
| Q4 25 | $167.8M | $121.0M | ||
| Q3 25 | $72.1M | $-57.0M | ||
| Q2 25 | $112.8M | $28.0M | ||
| Q1 25 | $-51.1M | $-32.0M | ||
| Q4 24 | $122.6M | $82.0M | ||
| Q3 24 | $71.1M | $87.0M | ||
| Q2 24 | $105.9M | $160.0M | ||
| Q1 24 | $-42.8M | $-29.0M |
自由现金流AVNTTROX
| Q4 25 | $125.4M | $53.0M | ||
| Q3 25 | $47.4M | $-137.0M | ||
| Q2 25 | $85.8M | $-55.0M | ||
| Q1 25 | $-63.6M | $-142.0M | ||
| Q4 24 | $81.5M | $-35.0M | ||
| Q3 24 | $46.1M | $-14.0M | ||
| Q2 24 | $74.5M | $84.0M | ||
| Q1 24 | $-67.2M | $-105.0M |
自由现金流率AVNTTROX
| Q4 25 | 16.5% | 7.3% | ||
| Q3 25 | 5.9% | -19.6% | ||
| Q2 25 | 9.9% | -7.5% | ||
| Q1 25 | -7.7% | -19.2% | ||
| Q4 24 | 10.9% | -5.2% | ||
| Q3 24 | 5.7% | -1.7% | ||
| Q2 24 | 8.8% | 10.2% | ||
| Q1 24 | -8.1% | -13.6% |
资本支出强度AVNTTROX
| Q4 25 | 5.6% | 9.3% | ||
| Q3 25 | 3.1% | 11.4% | ||
| Q2 25 | 3.1% | 11.4% | ||
| Q1 25 | 1.5% | 14.9% | ||
| Q4 24 | 5.5% | 17.3% | ||
| Q3 24 | 3.1% | 12.6% | ||
| Q2 24 | 3.7% | 9.3% | ||
| Q1 24 | 2.9% | 9.8% |
现金转化率AVNTTROX
| Q4 25 | 9.93× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.14× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.54× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 3.15× | 10.00× | ||
| Q1 24 | -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
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
TROX
| Ti O2 | $577.0M | 79% |
| Zircon | $78.0M | 11% |
| Idle Facility And Lower Of Cost Or Net Realizable Value Charges | $42.0M | 6% |
| Other | $20.0M | 3% |
| MGT | $13.0M | 2% |
