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艾仕得（AXTA）与陶氏公司（DOW）财务数据对比。点击上方公司名可切换其他公司
陶氏公司的季度营收约是艾仕得的7.5倍（$9.5B vs $1.3B）。艾仕得同比增速更快（-3.7% vs -9.3%）。过去两年艾仕得的营收复合增速更高（-1.2% vs -6.9%）
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。
陶氏化学是总部位于美国密歇根州米德兰的跨国化工企业，2021年位列全球前三大化工生产商，为特拉华州注册的上市控股公司陶氏公司旗下运营子公司，其产品与解决方案广泛服务于制造业、消费品、基础设施建设等全球多个核心产业领域。
AXTA vs DOW — 直观对比
营收规模更大
DOW
是对方的7.5倍
$1.3B
营收增速更快
AXTA
高出5.6%
-9.3%
两年增速更快
AXTA
近两年复合增速
-6.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $9.5B |
| 净利润 | $60.0M | — |
| 毛利率 | 33.4% | 5.8% |
| 营业利润率 | 12.8% | — |
| 净利率 | 4.8% | — |
| 营收同比 | -3.7% | -9.3% |
| 净利润同比 | -56.2% | — |
| 每股收益（稀释后） | $0.28 | $-2.16 |
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AXTADOW
| Q1 26 | — | $9.5B | ||
| Q4 25 | $1.3B | $9.5B | ||
| Q3 25 | $1.3B | $10.0B | ||
| Q2 25 | $1.3B | $10.1B | ||
| Q1 25 | $1.3B | $10.4B | ||
| Q4 24 | $1.3B | $10.4B | ||
| Q3 24 | $1.3B | $10.9B | ||
| Q2 24 | $1.4B | $10.9B |
净利润AXTADOW
| Q1 26 | — | — | ||
| Q4 25 | $60.0M | $-1.5B | ||
| Q3 25 | $110.0M | $62.0M | ||
| Q2 25 | $109.0M | $-835.0M | ||
| Q1 25 | $99.0M | $-307.0M | ||
| Q4 24 | $137.0M | $-35.0M | ||
| Q3 24 | $101.0M | $214.0M | ||
| Q2 24 | $112.0M | $439.0M |
毛利率AXTADOW
| Q1 26 | — | 5.8% | ||
| Q4 25 | 33.4% | 5.8% | ||
| Q3 25 | 34.9% | 7.3% | ||
| Q2 25 | 35.0% | 5.8% | ||
| Q1 25 | 34.3% | 6.4% | ||
| Q4 24 | 34.1% | 9.0% | ||
| Q3 24 | 35.0% | 9.8% | ||
| Q2 24 | 34.0% | 12.1% |
营业利润率AXTADOW
| Q1 26 | — | — | ||
| Q4 25 | 12.8% | -16.4% | ||
| Q3 25 | 15.8% | 0.7% | ||
| Q2 25 | 14.8% | -6.5% | ||
| Q1 25 | 13.9% | -3.6% | ||
| Q4 24 | 14.3% | 2.1% | ||
| Q3 24 | 14.6% | 3.0% | ||
| Q2 24 | 15.2% | 5.6% |
净利率AXTADOW
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | -15.6% | ||
| Q3 25 | 8.5% | 0.6% | ||
| Q2 25 | 8.4% | -8.3% | ||
| Q1 25 | 7.8% | -2.9% | ||
| Q4 24 | 10.5% | -0.3% | ||
| Q3 24 | 7.7% | 2.0% | ||
| Q2 24 | 8.3% | 4.0% |
每股收益（稀释后）AXTADOW
| Q1 26 | — | $-2.16 | ||
| Q4 25 | $0.28 | $-2.16 | ||
| Q3 25 | $0.51 | $0.08 | ||
| Q2 25 | $0.50 | $-1.18 | ||
| Q1 25 | $0.45 | $-0.44 | ||
| Q4 24 | $0.63 | $-0.08 | ||
| Q3 24 | $0.46 | $0.30 | ||
| Q2 24 | $0.51 | $0.62 |
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 | $3.8B |
| 总债务越低越好 | $3.2B | $17.8B |
| 股东权益账面价值 | $2.3B | $16.0B |
| 总资产 | $7.6B | $58.5B |
| 负债/权益比越低杠杆越低 | 1.36× | 1.12× |
8季度趋势，按日历期对齐
现金及短期投资AXTADOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $657.0M | $3.8B | ||
| Q3 25 | $606.0M | $4.6B | ||
| Q2 25 | $625.0M | $2.4B | ||
| Q1 25 | $575.0M | $1.5B | ||
| Q4 24 | $593.0M | $2.2B | ||
| Q3 24 | $567.0M | $2.9B | ||
| Q2 24 | $840.0M | $3.3B |
总债务AXTADOW
| Q1 26 | — | $17.8B | ||
| Q4 25 | $3.2B | $17.8B | ||
| Q3 25 | $3.4B | $17.7B | ||
| Q2 25 | $3.4B | $16.2B | ||
| Q1 25 | $3.4B | $15.9B | ||
| Q4 24 | $3.4B | $15.7B | ||
| Q3 24 | $3.5B | $16.2B | ||
| Q2 24 | $3.6B | $16.0B |
股东权益AXTADOW
| Q1 26 | — | $16.0B | ||
| Q4 25 | $2.3B | $16.0B | ||
| Q3 25 | $2.3B | $17.5B | ||
| Q2 25 | $2.3B | $17.2B | ||
| Q1 25 | $2.1B | $16.8B | ||
| Q4 24 | $1.9B | $17.4B | ||
| Q3 24 | $1.9B | $18.3B | ||
| Q2 24 | $1.8B | $18.3B |
总资产AXTADOW
| Q1 26 | — | $58.5B | ||
| Q4 25 | $7.6B | $58.5B | ||
| Q3 25 | $7.8B | $61.0B | ||
| Q2 25 | $7.8B | $59.0B | ||
| Q1 25 | $7.4B | $57.5B | ||
| Q4 24 | $7.2B | $57.3B | ||
| Q3 24 | $7.5B | $59.4B | ||
| Q2 24 | $7.3B | $58.5B |
负债/权益比AXTADOW
| Q1 26 | — | 1.12× | ||
| Q4 25 | 1.36× | 1.12× | ||
| Q3 25 | 1.48× | 1.01× | ||
| Q2 25 | 1.50× | 0.94× | ||
| Q1 25 | 1.64× | 0.95× | ||
| Q4 24 | 1.78× | 0.91× | ||
| Q3 24 | 1.84× | 0.88× | ||
| Q2 24 | 2.02× | 0.87× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $286.0M | — |
| 自由现金流率自由现金流/营收 | 22.7% | — |
| 资本支出强度资本支出/营收 | 4.6% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AXTADOW
| Q1 26 | — | — | ||
| Q4 25 | $344.0M | $284.0M | ||
| Q3 25 | $137.0M | $1.1B | ||
| Q2 25 | $142.0M | $-470.0M | ||
| Q1 25 | $26.0M | $91.0M | ||
| Q4 24 | $234.0M | $814.0M | ||
| Q3 24 | $194.0M | $800.0M | ||
| Q2 24 | $114.0M | $836.0M |
自由现金流AXTADOW
| Q1 26 | — | — | ||
| Q4 25 | $286.0M | $-284.0M | ||
| Q3 25 | $87.0M | $563.0M | ||
| Q2 25 | $97.0M | $-1.1B | ||
| Q1 25 | $-17.0M | $-594.0M | ||
| Q4 24 | $172.0M | $47.0M | ||
| Q3 24 | $161.0M | $64.0M | ||
| Q2 24 | $91.0M | $113.0M |
自由现金流率AXTADOW
| Q1 26 | — | — | ||
| Q4 25 | 22.7% | -3.0% | ||
| Q3 25 | 6.8% | 5.6% | ||
| Q2 25 | 7.4% | -11.2% | ||
| Q1 25 | -1.3% | -5.7% | ||
| Q4 24 | 13.1% | 0.5% | ||
| Q3 24 | 12.2% | 0.6% | ||
| Q2 24 | 6.7% | 1.0% |
资本支出强度AXTADOW
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 6.0% | ||
| Q3 25 | 3.9% | 5.7% | ||
| Q2 25 | 3.4% | 6.6% | ||
| Q1 25 | 3.4% | 6.6% | ||
| Q4 24 | 4.7% | 7.4% | ||
| Q3 24 | 2.5% | 6.8% | ||
| Q2 24 | 1.7% | 6.6% |
现金转化率AXTADOW
| Q1 26 | — | — | ||
| Q4 25 | 5.73× | — | ||
| Q3 25 | 1.25× | 18.18× | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | 3.74× | ||
| Q2 24 | 1.02× | 1.90× |
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% |
DOW
暂无分部数据
