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艾仕得（AXTA）与波尔公司（BALL）财务数据对比。点击上方公司名可切换其他公司
波尔公司的季度营收约是艾仕得的2.7倍（$3.3B vs $1.3B）。波尔公司净利率更高（6.0% vs 4.8%，领先1.2%）。波尔公司同比增速更快（16.2% vs -3.7%）。波尔公司自由现金流更多（$1.0B vs $286.0M）。过去两年波尔公司的营收复合增速更高（7.9% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
AXTA vs BALL — 直观对比
营收规模更大
BALL
是对方的2.7倍
$1.3B
营收增速更快
BALL
高出20.0%
-3.7%
净利率更高
BALL
高出1.2%
4.8%
自由现金流更多
BALL
多$755.0M
$286.0M
两年增速更快
BALL
近两年复合增速
-1.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $3.3B |
| 净利润 | $60.0M | $200.0M |
| 毛利率 | 33.4% | — |
| 营业利润率 | 12.8% | 7.2% |
| 净利率 | 4.8% | 6.0% |
| 营收同比 | -3.7% | 16.2% |
| 净利润同比 | -56.2% | 766.7% |
| 每股收益（稀释后） | $0.28 | $0.73 |
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AXTABALL
| Q4 25 | $1.3B | $3.3B | ||
| Q3 25 | $1.3B | $3.4B | ||
| Q2 25 | $1.3B | $3.3B | ||
| Q1 25 | $1.3B | $3.1B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.3B | $3.1B | ||
| Q2 24 | $1.4B | $3.0B | ||
| Q1 24 | $1.3B | $2.9B |
净利润AXTABALL
| Q4 25 | $60.0M | $200.0M | ||
| Q3 25 | $110.0M | $321.0M | ||
| Q2 25 | $109.0M | $215.0M | ||
| Q1 25 | $99.0M | $179.0M | ||
| Q4 24 | $137.0M | $-30.0M | ||
| Q3 24 | $101.0M | $199.0M | ||
| Q2 24 | $112.0M | $159.0M | ||
| Q1 24 | $41.0M | $3.7B |
毛利率AXTABALL
| Q4 25 | 33.4% | — | ||
| Q3 25 | 34.9% | — | ||
| Q2 25 | 35.0% | — | ||
| Q1 25 | 34.3% | — | ||
| Q4 24 | 34.1% | — | ||
| Q3 24 | 35.0% | 17.7% | ||
| Q2 24 | 34.0% | 16.5% | ||
| Q1 24 | 33.2% | 16.6% |
营业利润率AXTABALL
| Q4 25 | 12.8% | 7.2% | ||
| Q3 25 | 15.8% | 11.6% | ||
| Q2 25 | 14.8% | 8.0% | ||
| Q1 25 | 13.9% | 7.4% | ||
| Q4 24 | 14.3% | 0.2% | ||
| Q3 24 | 14.6% | 7.4% | ||
| Q2 24 | 15.2% | 6.8% | ||
| Q1 24 | 9.4% | 6.8% |
净利率AXTABALL
| Q4 25 | 4.8% | 6.0% | ||
| Q3 25 | 8.5% | 9.5% | ||
| Q2 25 | 8.4% | 6.4% | ||
| Q1 25 | 7.8% | 5.8% | ||
| Q4 24 | 10.5% | -1.0% | ||
| Q3 24 | 7.7% | 6.5% | ||
| Q2 24 | 8.3% | 5.4% | ||
| Q1 24 | 3.2% | 128.3% |
每股收益（稀释后）AXTABALL
| Q4 25 | $0.28 | $0.73 | ||
| Q3 25 | $0.51 | $1.18 | ||
| Q2 25 | $0.50 | $0.76 | ||
| Q1 25 | $0.45 | $0.63 | ||
| Q4 24 | $0.63 | $0.23 | ||
| Q3 24 | $0.46 | $0.65 | ||
| Q2 24 | $0.51 | $0.51 | ||
| Q1 24 | $0.18 | $11.61 |
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 | $657.0M | $1.2B |
| 总债务越低越好 | $3.2B | $7.0B |
| 股东权益账面价值 | $2.3B | $5.4B |
| 总资产 | $7.6B | $19.5B |
| 负债/权益比越低杠杆越低 | 1.36× | 1.29× |
8季度趋势，按日历期对齐
现金及短期投资AXTABALL
| Q4 25 | $657.0M | $1.2B | ||
| Q3 25 | $606.0M | $568.0M | ||
| Q2 25 | $625.0M | $296.0M | ||
| Q1 25 | $575.0M | $449.0M | ||
| Q4 24 | $593.0M | $885.0M | ||
| Q3 24 | $567.0M | $1.4B | ||
| Q2 24 | $840.0M | $1.3B | ||
| Q1 24 | $624.0M | $1.7B |
总债务AXTABALL
| Q4 25 | $3.2B | $7.0B | ||
| Q3 25 | $3.4B | $6.9B | ||
| Q2 25 | $3.4B | $6.5B | ||
| Q1 25 | $3.4B | $6.1B | ||
| Q4 24 | $3.4B | $5.3B | ||
| Q3 24 | $3.5B | $5.4B | ||
| Q2 24 | $3.6B | $5.5B | ||
| Q1 24 | $3.4B | $5.5B |
股东权益AXTABALL
| Q4 25 | $2.3B | $5.4B | ||
| Q3 25 | $2.3B | $5.4B | ||
| Q2 25 | $2.3B | $5.2B | ||
| Q1 25 | $2.1B | $5.5B | ||
| Q4 24 | $1.9B | $5.9B | ||
| Q3 24 | $1.9B | $6.7B | ||
| Q2 24 | $1.8B | $6.9B | ||
| Q1 24 | $1.7B | $7.3B |
总资产AXTABALL
| Q4 25 | $7.6B | $19.5B | ||
| Q3 25 | $7.8B | $18.7B | ||
| Q2 25 | $7.8B | $18.6B | ||
| Q1 25 | $7.4B | $18.0B | ||
| Q4 24 | $7.2B | $17.6B | ||
| Q3 24 | $7.5B | $18.8B | ||
| Q2 24 | $7.3B | $19.0B | ||
| Q1 24 | $7.1B | $19.9B |
负债/权益比AXTABALL
| Q4 25 | 1.36× | 1.29× | ||
| Q3 25 | 1.48× | 1.26× | ||
| Q2 25 | 1.50× | 1.24× | ||
| Q1 25 | 1.64× | 1.12× | ||
| Q4 24 | 1.78× | 0.91× | ||
| Q3 24 | 1.84× | 0.80× | ||
| Q2 24 | 2.02× | 0.80× | ||
| Q1 24 | 1.97× | 0.76× |
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 | $344.0M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 22.7% | 31.1% |
| 资本支出强度资本支出/营收 | 4.6% | 5.1% |
| 现金转化率经营现金流/净利润 | 5.73× | 6.05× |
| 过去12个月自由现金流最近4个季度 | $453.0M | $788.0M |
8季度趋势，按日历期对齐
经营现金流AXTABALL
| Q4 25 | $344.0M | $1.2B | ||
| Q3 25 | $137.0M | $384.0M | ||
| Q2 25 | $142.0M | $332.0M | ||
| Q1 25 | $26.0M | $-665.0M | ||
| Q4 24 | $234.0M | $500.0M | ||
| Q3 24 | $194.0M | $610.0M | ||
| Q2 24 | $114.0M | $252.0M | ||
| Q1 24 | $34.0M | $-1.2B |
自由现金流AXTABALL
| Q4 25 | $286.0M | $1.0B | ||
| Q3 25 | $87.0M | $257.0M | ||
| Q2 25 | $97.0M | $236.0M | ||
| Q1 25 | $-17.0M | $-746.0M | ||
| Q4 24 | $172.0M | $393.0M | ||
| Q3 24 | $161.0M | $493.0M | ||
| Q2 24 | $91.0M | $146.0M | ||
| Q1 24 | $12.0M | $-1.4B |
自由现金流率AXTABALL
| Q4 25 | 22.7% | 31.1% | ||
| Q3 25 | 6.8% | 7.6% | ||
| Q2 25 | 7.4% | 7.1% | ||
| Q1 25 | -1.3% | -24.1% | ||
| Q4 24 | 13.1% | 13.6% | ||
| Q3 24 | 12.2% | 16.0% | ||
| Q2 24 | 6.7% | 4.9% | ||
| Q1 24 | 0.9% | -48.7% |
资本支出强度AXTABALL
| Q4 25 | 4.6% | 5.1% | ||
| Q3 25 | 3.9% | 3.8% | ||
| Q2 25 | 3.4% | 2.9% | ||
| Q1 25 | 3.4% | 2.6% | ||
| Q4 24 | 4.7% | 3.7% | ||
| Q3 24 | 2.5% | 3.8% | ||
| Q2 24 | 1.7% | 3.6% | ||
| Q1 24 | 1.7% | 5.4% |
现金转化率AXTABALL
| Q4 25 | 5.73× | 6.05× | ||
| Q3 25 | 1.25× | 1.20× | ||
| Q2 25 | 1.30× | 1.54× | ||
| Q1 25 | 0.26× | -3.72× | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | 3.07× | ||
| Q2 24 | 1.02× | 1.58× | ||
| Q1 24 | 0.83× | -0.34× |
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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
