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艾仕得（AXTA）与科迪华（CTVA）财务数据对比。点击上方公司名可切换其他公司
科迪华的季度营收约是艾仕得的3.1倍（$3.9B vs $1.3B）。艾仕得净利率更高（4.8% vs -14.1%，领先18.9%）。科迪华同比增速更快（-1.7% vs -3.7%）。科迪华自由现金流更多（$4.2B vs $286.0M）。过去两年艾仕得的营收复合增速更高（-1.2% vs -6.7%）
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。
科迪华是一家美国农业科技企业，主营种子与作物保护产品，涵盖除草剂、杀虫剂、杀菌剂及生物制剂，业务覆盖全球110个国家，总部位于印第安纳州印第安纳波利斯，旗下大部分种子产品以先锋良种国际品牌销售。
AXTA vs CTVA — 直观对比
营收规模更大
CTVA
是对方的3.1倍
$1.3B
营收增速更快
CTVA
高出2.0%
-3.7%
净利率更高
AXTA
高出18.9%
-14.1%
自由现金流更多
CTVA
多$3.9B
$286.0M
两年增速更快
AXTA
近两年复合增速
-6.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $3.9B |
| 净利润 | $60.0M | $-552.0M |
| 毛利率 | 33.4% | 42.4% |
| 营业利润率 | 12.8% | -13.6% |
| 净利率 | 4.8% | -14.1% |
| 营收同比 | -3.7% | -1.7% |
| 净利润同比 | -56.2% | -1246.3% |
| 每股收益（稀释后） | $0.28 | $-0.80 |
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AXTACTVA
| Q4 25 | $1.3B | $3.9B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.3B | $6.5B | ||
| Q1 25 | $1.3B | $4.4B | ||
| Q4 24 | $1.3B | $4.0B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.4B | $6.1B | ||
| Q1 24 | $1.3B | $4.5B |
净利润AXTACTVA
| Q4 25 | $60.0M | $-552.0M | ||
| Q3 25 | $110.0M | $-320.0M | ||
| Q2 25 | $109.0M | $1.3B | ||
| Q1 25 | $99.0M | $652.0M | ||
| Q4 24 | $137.0M | $-41.0M | ||
| Q3 24 | $101.0M | $-524.0M | ||
| Q2 24 | $112.0M | $1.1B | ||
| Q1 24 | $41.0M | $419.0M |
毛利率AXTACTVA
| Q4 25 | 33.4% | 42.4% | ||
| Q3 25 | 34.9% | 37.2% | ||
| Q2 25 | 35.0% | 54.6% | ||
| Q1 25 | 34.3% | 47.0% | ||
| Q4 24 | 34.1% | 37.3% | ||
| Q3 24 | 35.0% | 32.7% | ||
| Q2 24 | 34.0% | 52.3% | ||
| Q1 24 | 33.2% | 43.2% |
营业利润率AXTACTVA
| Q4 25 | 12.8% | -13.6% | ||
| Q3 25 | 15.8% | -14.1% | ||
| Q2 25 | 14.8% | 27.9% | ||
| Q1 25 | 13.9% | 17.7% | ||
| Q4 24 | 14.3% | 2.2% | ||
| Q3 24 | 14.6% | -27.2% | ||
| Q2 24 | 15.2% | 21.9% | ||
| Q1 24 | 9.4% | 10.7% |
净利率AXTACTVA
| Q4 25 | 4.8% | -14.1% | ||
| Q3 25 | 8.5% | -12.2% | ||
| Q2 25 | 8.4% | 20.4% | ||
| Q1 25 | 7.8% | 14.8% | ||
| Q4 24 | 10.5% | -1.0% | ||
| Q3 24 | 7.7% | -22.5% | ||
| Q2 24 | 8.3% | 17.2% | ||
| Q1 24 | 3.2% | 9.3% |
每股收益（稀释后）AXTACTVA
| Q4 25 | $0.28 | $-0.80 | ||
| Q3 25 | $0.51 | $-0.47 | ||
| Q2 25 | $0.50 | $1.92 | ||
| Q1 25 | $0.45 | $0.95 | ||
| Q4 24 | $0.63 | $-0.05 | ||
| Q3 24 | $0.46 | $-0.76 | ||
| Q2 24 | $0.51 | $1.51 | ||
| Q1 24 | $0.18 | $0.60 |
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 | $4.5B |
| 总债务越低越好 | $3.2B | $1.7B |
| 股东权益账面价值 | $2.3B | $24.1B |
| 总资产 | $7.6B | $42.8B |
| 负债/权益比越低杠杆越低 | 1.36× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资AXTACTVA
| Q4 25 | $657.0M | $4.5B | ||
| Q3 25 | $606.0M | $2.6B | ||
| Q2 25 | $625.0M | $2.1B | ||
| Q1 25 | $575.0M | $2.0B | ||
| Q4 24 | $593.0M | $3.2B | ||
| Q3 24 | $567.0M | $2.5B | ||
| Q2 24 | $840.0M | $2.0B | ||
| Q1 24 | $624.0M | $1.7B |
总债务AXTACTVA
| Q4 25 | $3.2B | $1.7B | ||
| Q3 25 | $3.4B | $1.7B | ||
| Q2 25 | $3.4B | $1.7B | ||
| Q1 25 | $3.4B | $1.8B | ||
| Q4 24 | $3.4B | $2.0B | ||
| Q3 24 | $3.5B | $2.0B | ||
| Q2 24 | $3.6B | $2.5B | ||
| Q1 24 | $3.4B | $2.5B |
股东权益AXTACTVA
| Q4 25 | $2.3B | $24.1B | ||
| Q3 25 | $2.3B | $25.2B | ||
| Q2 25 | $2.3B | $25.9B | ||
| Q1 25 | $2.1B | $24.3B | ||
| Q4 24 | $1.9B | $23.8B | ||
| Q3 24 | $1.9B | $24.7B | ||
| Q2 24 | $1.8B | $25.2B | ||
| Q1 24 | $1.7B | $24.8B |
总资产AXTACTVA
| Q4 25 | $7.6B | $42.8B | ||
| Q3 25 | $7.8B | $42.2B | ||
| Q2 25 | $7.8B | $41.8B | ||
| Q1 25 | $7.4B | $42.1B | ||
| Q4 24 | $7.2B | $40.8B | ||
| Q3 24 | $7.5B | $41.9B | ||
| Q2 24 | $7.3B | $41.5B | ||
| Q1 24 | $7.1B | $43.6B |
负债/权益比AXTACTVA
| Q4 25 | 1.36× | 0.07× | ||
| Q3 25 | 1.48× | 0.07× | ||
| Q2 25 | 1.50× | 0.07× | ||
| Q1 25 | 1.64× | 0.07× | ||
| Q4 24 | 1.78× | 0.08× | ||
| Q3 24 | 1.84× | 0.08× | ||
| Q2 24 | 2.02× | 0.10× | ||
| Q1 24 | 1.97× | 0.10× |
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 | $4.4B |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $4.2B |
| 自由现金流率自由现金流/营收 | 22.7% | 106.2% |
| 资本支出强度资本支出/营收 | 4.6% | 5.7% |
| 现金转化率经营现金流/净利润 | 5.73× | — |
| 过去12个月自由现金流最近4个季度 | $453.0M | $2.8B |
8季度趋势，按日历期对齐
经营现金流AXTACTVA
| Q4 25 | $344.0M | $4.4B | ||
| Q3 25 | $137.0M | $193.0M | ||
| Q2 25 | $142.0M | $947.0M | ||
| Q1 25 | $26.0M | $-2.1B | ||
| Q4 24 | $234.0M | $4.2B | ||
| Q3 24 | $194.0M | $130.0M | ||
| Q2 24 | $114.0M | $451.0M | ||
| Q1 24 | $34.0M | $-2.6B |
自由现金流AXTACTVA
| Q4 25 | $286.0M | $4.2B | ||
| Q3 25 | $87.0M | $36.0M | ||
| Q2 25 | $97.0M | $829.0M | ||
| Q1 25 | $-17.0M | $-2.2B | ||
| Q4 24 | $172.0M | $4.0B | ||
| Q3 24 | $161.0M | $-24.0M | ||
| Q2 24 | $91.0M | $337.0M | ||
| Q1 24 | $12.0M | $-2.8B |
自由现金流率AXTACTVA
| Q4 25 | 22.7% | 106.2% | ||
| Q3 25 | 6.8% | 1.4% | ||
| Q2 25 | 7.4% | 12.8% | ||
| Q1 25 | -1.3% | -49.9% | ||
| Q4 24 | 13.1% | 100.4% | ||
| Q3 24 | 12.2% | -1.0% | ||
| Q2 24 | 6.7% | 5.5% | ||
| Q1 24 | 0.9% | -61.4% |
资本支出强度AXTACTVA
| Q4 25 | 4.6% | 5.7% | ||
| Q3 25 | 3.9% | 6.0% | ||
| Q2 25 | 3.4% | 1.8% | ||
| Q1 25 | 3.4% | 2.1% | ||
| Q4 24 | 4.7% | 4.6% | ||
| Q3 24 | 2.5% | 6.6% | ||
| Q2 24 | 1.7% | 1.9% | ||
| Q1 24 | 1.7% | 3.3% |
现金转化率AXTACTVA
| Q4 25 | 5.73× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.30× | 0.72× | ||
| Q1 25 | 0.26× | -3.23× | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 1.02× | 0.43× | ||
| Q1 24 | 0.83× | -6.23× |
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% |
CTVA
| Corn | $1.4B | 35% |
| Herbicides | $1.1B | 27% |
| Insecticides | $488.0M | 12% |
| Fungicides | $272.0M | 7% |
| Biologicals | $191.0M | 5% |
| Soybean | $164.0M | 4% |
| Other | $160.0M | 4% |
| Otheroilseeds | $94.0M | 2% |
