vs
科慕（CC）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是科慕的1.2倍（$1.7B vs $1.3B），北极星净利率更高（-2.8% vs -3.5%，领先0.7%），北极星同比增速更快（8.0% vs -2.1%），科慕自由现金流更多（$92.0M vs $-342.5M），过去两年科慕的营收复合增速更高（-1.2% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
CC vs PII — 直观对比
营收规模更大
PII
是对方的1.2倍
$1.3B
营收增速更快
PII
高出10.1%
-2.1%
净利率更高
PII
高出0.7%
-3.5%
自由现金流更多
CC
多$434.5M
$-342.5M
两年增速更快
CC
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $-47.0M | $-47.2M |
| 毛利率 | 11.7% | 20.2% |
| 营业利润率 | — | 76.5% |
| 净利率 | -3.5% | -2.8% |
| 营收同比 | -2.1% | 8.0% |
| 净利润同比 | -261.5% | 29.0% |
| 每股收益（稀释后） | $-0.32 | $-0.83 |
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CCPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.5B | $1.7B | ||
| Q2 24 | $1.6B | $2.0B |
净利润CCPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | $-47.0M | $-303.6M | ||
| Q3 25 | $46.0M | $-15.8M | ||
| Q2 25 | $-380.0M | $-79.3M | ||
| Q1 25 | $-5.0M | $-66.8M | ||
| Q4 24 | $-13.0M | $10.6M | ||
| Q3 24 | $-32.0M | $27.7M | ||
| Q2 24 | $60.0M | $68.7M |
毛利率CCPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | 11.7% | 20.0% | ||
| Q3 25 | 15.6% | 20.7% | ||
| Q2 25 | 17.2% | 19.4% | ||
| Q1 25 | 17.3% | 16.0% | ||
| Q4 24 | 19.4% | 20.4% | ||
| Q3 24 | 19.0% | 20.6% | ||
| Q2 24 | 19.8% | 21.6% |
营业利润率CCPII
| Q1 26 | — | 76.5% | ||
| Q4 25 | — | -16.7% | ||
| Q3 25 | 2.5% | 1.1% | ||
| Q2 25 | -15.4% | -0.7% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | -0.1% | 3.7% | ||
| Q3 24 | -2.1% | 3.8% | ||
| Q2 24 | 4.4% | 6.1% |
净利率CCPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | -3.5% | -15.8% | ||
| Q3 25 | 3.1% | -0.9% | ||
| Q2 25 | -23.5% | -4.3% | ||
| Q1 25 | -0.4% | -4.3% | ||
| Q4 24 | -1.0% | 0.6% | ||
| Q3 24 | -2.1% | 1.6% | ||
| Q2 24 | 3.9% | 3.5% |
每股收益（稀释后）CCPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $-0.32 | $-5.34 | ||
| Q3 25 | $0.31 | $-0.28 | ||
| Q2 25 | $-2.53 | $-1.39 | ||
| Q1 25 | $-0.03 | $-1.17 | ||
| Q4 24 | $-0.07 | $0.18 | ||
| Q3 24 | $-0.22 | $0.49 | ||
| Q2 24 | $0.39 | $1.21 |
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 | $282.0M |
| 总债务越低越好 | $4.1B | — |
| 股东权益账面价值 | $250.0M | $750.4M |
| 总资产 | $7.4B | $5.2B |
| 负债/权益比越低杠杆越低 | 16.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CCPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | $670.0M | $138.0M | ||
| Q3 25 | $613.0M | $335.5M | ||
| Q2 25 | $502.0M | $324.3M | ||
| Q1 25 | $464.0M | $291.7M | ||
| Q4 24 | $713.0M | $287.8M | ||
| Q3 24 | $596.0M | $291.3M | ||
| Q2 24 | $604.0M | $322.7M |
总债务CCPII
| Q1 26 | — | — | ||
| Q4 25 | $4.1B | $1.5B | ||
| Q3 25 | $4.1B | $1.3B | ||
| Q2 25 | $4.1B | $1.4B | ||
| Q1 25 | $4.1B | $1.6B | ||
| Q4 24 | $4.1B | $1.6B | ||
| Q3 24 | $4.0B | $1.7B | ||
| Q2 24 | $4.0B | $2.1B |
股东权益CCPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $250.0M | $828.4M | ||
| Q3 25 | $274.0M | $1.1B | ||
| Q2 25 | $228.0M | $1.2B | ||
| Q1 25 | $566.0M | $1.2B | ||
| Q4 24 | $571.0M | $1.3B | ||
| Q3 24 | $643.0M | $1.3B | ||
| Q2 24 | $714.0M | $1.3B |
总资产CCPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $7.4B | $4.9B | ||
| Q3 25 | $7.5B | $5.3B | ||
| Q2 25 | $7.5B | $5.4B | ||
| Q1 25 | $7.4B | $5.5B | ||
| Q4 24 | $7.5B | $5.5B | ||
| Q3 24 | $7.5B | $5.6B | ||
| Q2 24 | $7.2B | $5.7B |
负债/权益比CCPII
| Q1 26 | — | — | ||
| Q4 25 | 16.40× | 1.82× | ||
| Q3 25 | 14.96× | 1.13× | ||
| Q2 25 | 17.99× | 1.17× | ||
| Q1 25 | 7.18× | 1.32× | ||
| Q4 24 | 7.11× | 1.27× | ||
| Q3 24 | 6.20× | 1.29× | ||
| Q2 24 | 5.53× | 1.56× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $92.0M | $-342.5M |
| 自由现金流率自由现金流/营收 | 6.9% | -20.6% |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $51.0M | $168.0M |
8季度趋势，按日历期对齐
经营现金流CCPII
| Q1 26 | — | — | ||
| Q4 25 | $137.0M | $178.7M | ||
| Q3 25 | $146.0M | $158.8M | ||
| Q2 25 | $93.0M | $320.3M | ||
| Q1 25 | $-112.0M | $83.2M | ||
| Q4 24 | $138.0M | $206.3M | ||
| Q3 24 | $139.0M | $21.0M | ||
| Q2 24 | $-620.0M | $146.3M |
自由现金流CCPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $92.0M | $114.0M | ||
| Q3 25 | $105.0M | $116.7M | ||
| Q2 25 | $50.0M | $279.8M | ||
| Q1 25 | $-196.0M | $47.6M | ||
| Q4 24 | $29.0M | $137.3M | ||
| Q3 24 | $63.0M | $-32.4M | ||
| Q2 24 | $-693.0M | $79.1M |
自由现金流率CCPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | 6.9% | 5.9% | ||
| Q3 25 | 7.0% | 6.3% | ||
| Q2 25 | 3.1% | 15.1% | ||
| Q1 25 | -14.3% | 3.1% | ||
| Q4 24 | 2.1% | 7.8% | ||
| Q3 24 | 4.2% | -1.9% | ||
| Q2 24 | -44.6% | 4.0% |
资本支出强度CCPII
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 3.4% | ||
| Q3 25 | 2.7% | 2.3% | ||
| Q2 25 | 2.7% | 2.2% | ||
| Q1 25 | 6.1% | 2.3% | ||
| Q4 24 | 8.0% | 3.9% | ||
| Q3 24 | 5.0% | 3.1% | ||
| Q2 24 | 4.7% | 3.4% |
现金转化率CCPII
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 19.46× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | -10.33× | 2.13× |
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% |
PII
暂无分部数据
