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科慕（CC）与BLUE OWL CAPITAL INC.（OWL）财务数据对比。点击上方公司名可切换其他公司
科慕的季度营收约是BLUE OWL CAPITAL INC.的1.8倍（$1.3B vs $755.6M），BLUE OWL CAPITAL INC.净利率更高（6.3% vs -3.5%，领先9.8%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs -2.1%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $92.0M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% vs -1.2%）
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
CC vs OWL — 直观对比
营收规模更大
CC
是对方的1.8倍
$755.6M
营收增速更快
OWL
高出21.7%
-2.1%
净利率更高
OWL
高出9.8%
-3.5%
自由现金流更多
OWL
多$267.1M
$92.0M
两年增速更快
OWL
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $755.6M |
| 净利润 | $-47.0M | $47.7M |
| 毛利率 | 11.7% | — |
| 营业利润率 | — | 22.2% |
| 净利率 | -3.5% | 6.3% |
| 营收同比 | -2.1% | 19.7% |
| 净利润同比 | -261.5% | 129.8% |
| 每股收益（稀释后） | $-0.32 | $0.07 |
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CCOWL
| Q4 25 | $1.3B | $755.6M | ||
| Q3 25 | $1.5B | $728.0M | ||
| Q2 25 | $1.6B | $703.1M | ||
| Q1 25 | $1.4B | $683.5M | ||
| Q4 24 | $1.4B | $631.4M | ||
| Q3 24 | $1.5B | $600.9M | ||
| Q2 24 | $1.6B | $549.8M | ||
| Q1 24 | $1.4B | $513.3M |
净利润CCOWL
| Q4 25 | $-47.0M | $47.7M | ||
| Q3 25 | $46.0M | $6.3M | ||
| Q2 25 | $-380.0M | $17.4M | ||
| Q1 25 | $-5.0M | $7.4M | ||
| Q4 24 | $-13.0M | $20.7M | ||
| Q3 24 | $-32.0M | $29.8M | ||
| Q2 24 | $60.0M | $33.9M | ||
| Q1 24 | $54.0M | $25.1M |
毛利率CCOWL
| Q4 25 | 11.7% | — | ||
| Q3 25 | 15.6% | — | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 17.3% | — | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 19.8% | — | ||
| Q1 24 | 20.9% | — |
营业利润率CCOWL
| Q4 25 | — | 22.2% | ||
| Q3 25 | 2.5% | 7.6% | ||
| Q2 25 | -15.4% | 12.0% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | -0.1% | 11.7% | ||
| Q3 24 | -2.1% | 18.7% | ||
| Q2 24 | 4.4% | 28.4% | ||
| Q1 24 | 5.1% | 24.7% |
净利率CCOWL
| Q4 25 | -3.5% | 6.3% | ||
| Q3 25 | 3.1% | 0.9% | ||
| Q2 25 | -23.5% | 2.5% | ||
| Q1 25 | -0.4% | 1.1% | ||
| Q4 24 | -1.0% | 3.3% | ||
| Q3 24 | -2.1% | 5.0% | ||
| Q2 24 | 3.9% | 6.2% | ||
| Q1 24 | 4.0% | 4.9% |
每股收益（稀释后）CCOWL
| Q4 25 | $-0.32 | $0.07 | ||
| Q3 25 | $0.31 | $0.01 | ||
| Q2 25 | $-2.53 | $0.02 | ||
| Q1 25 | $-0.03 | $0.00 | ||
| Q4 24 | $-0.07 | $0.06 | ||
| Q3 24 | $-0.22 | $0.04 | ||
| Q2 24 | $0.39 | $0.06 | ||
| Q1 24 | $0.36 | $0.04 |
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 | $670.0M | $194.5M |
| 总债务越低越好 | $4.1B | $3.3B |
| 股东权益账面价值 | $250.0M | $2.2B |
| 总资产 | $7.4B | $12.5B |
| 负债/权益比越低杠杆越低 | 16.40× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资CCOWL
| Q4 25 | $670.0M | $194.5M | ||
| Q3 25 | $613.0M | $137.3M | ||
| Q2 25 | $502.0M | $117.6M | ||
| Q1 25 | $464.0M | $97.6M | ||
| Q4 24 | $713.0M | $152.1M | ||
| Q3 24 | $596.0M | $115.9M | ||
| Q2 24 | $604.0M | $436.8M | ||
| Q1 24 | $746.0M | $155.8M |
总债务CCOWL
| Q4 25 | $4.1B | $3.3B | ||
| Q3 25 | $4.1B | $3.2B | ||
| Q2 25 | $4.1B | $3.2B | ||
| Q1 25 | $4.1B | $3.2B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $4.0B | $2.5B | ||
| Q2 24 | $4.0B | $2.5B | ||
| Q1 24 | $4.0B | $2.1B |
股东权益CCOWL
| Q4 25 | $250.0M | $2.2B | ||
| Q3 25 | $274.0M | $2.3B | ||
| Q2 25 | $228.0M | $2.4B | ||
| Q1 25 | $566.0M | $2.3B | ||
| Q4 24 | $571.0M | $2.1B | ||
| Q3 24 | $643.0M | $2.0B | ||
| Q2 24 | $714.0M | $1.7B | ||
| Q1 24 | $753.0M | $1.6B |
总资产CCOWL
| Q4 25 | $7.4B | $12.5B | ||
| Q3 25 | $7.5B | $12.5B | ||
| Q2 25 | $7.5B | $12.3B | ||
| Q1 25 | $7.4B | $12.3B | ||
| Q4 24 | $7.5B | $11.0B | ||
| Q3 24 | $7.5B | $10.8B | ||
| Q2 24 | $7.2B | $9.7B | ||
| Q1 24 | $8.0B | $9.0B |
负债/权益比CCOWL
| Q4 25 | 16.40× | 1.51× | ||
| Q3 25 | 14.96× | 1.41× | ||
| Q2 25 | 17.99× | 1.38× | ||
| Q1 25 | 7.18× | 1.37× | ||
| Q4 24 | 7.11× | 1.22× | ||
| Q3 24 | 6.20× | 1.27× | ||
| Q2 24 | 5.53× | 1.41× | ||
| Q1 24 | 5.27× | 1.26× |
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 | $137.0M | $382.9M |
| 自由现金流经营现金流 - 资本支出 | $92.0M | $359.1M |
| 自由现金流率自由现金流/营收 | 6.9% | 47.5% |
| 资本支出强度资本支出/营收 | 3.4% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 8.03× |
| 过去12个月自由现金流最近4个季度 | $51.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流CCOWL
| Q4 25 | $137.0M | $382.9M | ||
| Q3 25 | $146.0M | $433.1M | ||
| Q2 25 | $93.0M | $422.5M | ||
| Q1 25 | $-112.0M | $17.6M | ||
| Q4 24 | $138.0M | $324.0M | ||
| Q3 24 | $139.0M | $326.0M | ||
| Q2 24 | $-620.0M | $302.3M | ||
| Q1 24 | $-290.0M | $47.2M |
自由现金流CCOWL
| Q4 25 | $92.0M | $359.1M | ||
| Q3 25 | $105.0M | $422.5M | ||
| Q2 25 | $50.0M | $412.5M | ||
| Q1 25 | $-196.0M | $4.2M | ||
| Q4 24 | $29.0M | $310.1M | ||
| Q3 24 | $63.0M | $314.8M | ||
| Q2 24 | $-693.0M | $269.4M | ||
| Q1 24 | $-392.0M | $41.1M |
自由现金流率CCOWL
| Q4 25 | 6.9% | 47.5% | ||
| Q3 25 | 7.0% | 58.0% | ||
| Q2 25 | 3.1% | 58.7% | ||
| Q1 25 | -14.3% | 0.6% | ||
| Q4 24 | 2.1% | 49.1% | ||
| Q3 24 | 4.2% | 52.4% | ||
| Q2 24 | -44.6% | 49.0% | ||
| Q1 24 | -28.8% | 8.0% |
资本支出强度CCOWL
| Q4 25 | 3.4% | 3.1% | ||
| Q3 25 | 2.7% | 1.5% | ||
| Q2 25 | 2.7% | 1.4% | ||
| Q1 25 | 6.1% | 2.0% | ||
| Q4 24 | 8.0% | 2.2% | ||
| Q3 24 | 5.0% | 1.9% | ||
| Q2 24 | 4.7% | 6.0% | ||
| Q1 24 | 7.5% | 1.2% |
现金转化率CCOWL
| Q4 25 | — | 8.03× | ||
| Q3 25 | 3.17× | 68.64× | ||
| Q2 25 | — | 24.25× | ||
| Q1 25 | — | 2.37× | ||
| Q4 24 | — | 15.62× | ||
| Q3 24 | — | 10.94× | ||
| Q2 24 | -10.33× | 8.91× | ||
| Q1 24 | -5.37× | 1.88× |
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
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
