vs
艾仕得（AXTA）与TreeHouse Foods, Inc.（THS）财务数据对比。点击上方公司名可切换其他公司
艾仕得的季度营收约是TreeHouse Foods, Inc.的1.5倍（$1.3B vs $840.3M），艾仕得净利率更高（4.8% vs -31.6%，领先36.4%），TreeHouse Foods, Inc.同比增速更快（0.1% vs -3.7%），过去两年艾仕得的营收复合增速更高（-1.2% vs -3.9%）
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。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
AXTA vs THS — 直观对比
营收规模更大
AXTA
是对方的1.5倍
$840.3M
营收增速更快
THS
高出3.9%
-3.7%
净利率更高
AXTA
高出36.4%
-31.6%
两年增速更快
AXTA
近两年复合增速
-3.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $840.3M |
| 净利润 | $60.0M | $-265.8M |
| 毛利率 | 33.4% | 18.8% |
| 营业利润率 | 12.8% | -30.2% |
| 净利率 | 4.8% | -31.6% |
| 营收同比 | -3.7% | 0.1% |
| 净利润同比 | -56.2% | -7717.6% |
| 每股收益（稀释后） | $0.28 | $-5.26 |
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AXTATHS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $840.3M | ||
| Q2 25 | $1.3B | $798.0M | ||
| Q1 25 | $1.3B | $792.0M | ||
| Q4 24 | $1.3B | $905.7M | ||
| Q3 24 | $1.3B | $839.1M | ||
| Q2 24 | $1.4B | $788.5M | ||
| Q1 24 | $1.3B | $820.7M |
净利润AXTATHS
| Q4 25 | $60.0M | — | ||
| Q3 25 | $110.0M | $-265.8M | ||
| Q2 25 | $109.0M | $-2.9M | ||
| Q1 25 | $99.0M | $-31.8M | ||
| Q4 24 | $137.0M | $58.7M | ||
| Q3 24 | $101.0M | $-3.4M | ||
| Q2 24 | $112.0M | $-16.7M | ||
| Q1 24 | $41.0M | $-11.7M |
毛利率AXTATHS
| Q4 25 | 33.4% | — | ||
| Q3 25 | 34.9% | 18.8% | ||
| Q2 25 | 35.0% | 17.4% | ||
| Q1 25 | 34.3% | 14.5% | ||
| Q4 24 | 34.1% | 19.5% | ||
| Q3 24 | 35.0% | 15.6% | ||
| Q2 24 | 34.0% | 16.3% | ||
| Q1 24 | 33.2% | 13.6% |
营业利润率AXTATHS
| Q4 25 | 12.8% | — | ||
| Q3 25 | 15.8% | -30.2% | ||
| Q2 25 | 14.8% | 3.4% | ||
| Q1 25 | 13.9% | -0.7% | ||
| Q4 24 | 14.3% | 8.9% | ||
| Q3 24 | 14.6% | 3.8% | ||
| Q2 24 | 15.2% | -0.5% | ||
| Q1 24 | 9.4% | -0.6% |
净利率AXTATHS
| Q4 25 | 4.8% | — | ||
| Q3 25 | 8.5% | -31.6% | ||
| Q2 25 | 8.4% | -0.4% | ||
| Q1 25 | 7.8% | -4.0% | ||
| Q4 24 | 10.5% | 6.5% | ||
| Q3 24 | 7.7% | -0.4% | ||
| Q2 24 | 8.3% | -2.1% | ||
| Q1 24 | 3.2% | -1.4% |
每股收益（稀释后）AXTATHS
| Q4 25 | $0.28 | — | ||
| Q3 25 | $0.51 | $-5.26 | ||
| Q2 25 | $0.50 | $-0.06 | ||
| Q1 25 | $0.45 | $-0.63 | ||
| Q4 24 | $0.63 | $1.12 | ||
| Q3 24 | $0.46 | $-0.07 | ||
| Q2 24 | $0.51 | $-0.32 | ||
| Q1 24 | $0.18 | $-0.22 |
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 | $21.0M |
| 总债务越低越好 | $3.2B | $1.5B |
| 股东权益账面价值 | $2.3B | $1.3B |
| 总资产 | $7.6B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.36× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资AXTATHS
| Q4 25 | $657.0M | — | ||
| Q3 25 | $606.0M | $21.0M | ||
| Q2 25 | $625.0M | $17.1M | ||
| Q1 25 | $575.0M | $16.4M | ||
| Q4 24 | $593.0M | $289.6M | ||
| Q3 24 | $567.0M | $102.0M | ||
| Q2 24 | $840.0M | $105.8M | ||
| Q1 24 | $624.0M | $191.8M |
总债务AXTATHS
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.4B | $1.5B | ||
| Q2 25 | $3.4B | $1.5B | ||
| Q1 25 | $3.4B | $1.4B | ||
| Q4 24 | $3.4B | $1.4B | ||
| Q3 24 | $3.5B | $1.4B | ||
| Q2 24 | $3.6B | $1.4B | ||
| Q1 24 | $3.4B | $1.4B |
股东权益AXTATHS
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.3B | $1.5B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.8B | $1.6B | ||
| Q1 24 | $1.7B | $1.6B |
总资产AXTATHS
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.8B | $3.8B | ||
| Q2 25 | $7.8B | $4.0B | ||
| Q1 25 | $7.4B | $3.9B | ||
| Q4 24 | $7.2B | $4.0B | ||
| Q3 24 | $7.5B | $4.0B | ||
| Q2 24 | $7.3B | $3.9B | ||
| Q1 24 | $7.1B | $4.0B |
负债/权益比AXTATHS
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.48× | 1.18× | ||
| Q2 25 | 1.50× | 0.98× | ||
| Q1 25 | 1.64× | 0.93× | ||
| Q4 24 | 1.78× | 0.90× | ||
| Q3 24 | 1.84× | 0.90× | ||
| Q2 24 | 2.02× | 0.90× | ||
| Q1 24 | 1.97× | 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 | $38.2M |
| 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AXTATHS
| Q4 25 | $344.0M | — | ||
| Q3 25 | $137.0M | $38.2M | ||
| Q2 25 | $142.0M | $-47.2M | ||
| Q1 25 | $26.0M | $-53.5M | ||
| Q4 24 | $234.0M | $296.2M | ||
| Q3 24 | $194.0M | $41.4M | ||
| Q2 24 | $114.0M | $-19.4M | ||
| Q1 24 | $34.0M | $-52.4M |
自由现金流AXTATHS
| Q4 25 | $286.0M | — | ||
| Q3 25 | $87.0M | — | ||
| Q2 25 | $97.0M | — | ||
| Q1 25 | $-17.0M | — | ||
| Q4 24 | $172.0M | — | ||
| Q3 24 | $161.0M | — | ||
| Q2 24 | $91.0M | $-42.2M | ||
| Q1 24 | $12.0M | $-80.7M |
自由现金流率AXTATHS
| Q4 25 | 22.7% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | -1.3% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 6.7% | -5.4% | ||
| Q1 24 | 0.9% | -9.8% |
资本支出强度AXTATHS
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.7% | 2.9% | ||
| Q1 24 | 1.7% | 3.4% |
现金转化率AXTATHS
| Q4 25 | 5.73× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 1.71× | 5.05× | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 0.83× | — |
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% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
