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Church & Dwight（CHD）与DARLING INGREDIENTS INC.（DAR）财务数据对比。点击上方公司名可切换其他公司
Church & Dwight的季度营收约是DARLING INGREDIENTS INC.的1.1倍（$1.6B vs $1.6B）。Church & Dwight净利率更高（8.7% vs 1.2%，领先7.5%）。DARLING INGREDIENTS INC.同比增速更快（10.0% vs 3.9%）。过去两年Church & Dwight的营收复合增速更高（4.6% vs -1.6%）
Church & Dwight是美国知名消费品企业，成立于1847年，总部位于新泽西州尤因。公司主营个人护理、家居用品及特色产品，旗下拥有Arm & Hammer、Trojan、OxiClean等知名品牌，2022年全年营收达54亿美元。
Darling Ingredients Inc.是全球领先的可持续天然原料生产商，将可食用及不可食用有机副产品加工为食品级营养成分、动物饲料添加剂、制药原料、生物燃料组分等高价值产品，服务全球食品、农业、制药、可再生能源领域客户。
CHD vs DAR — 直观对比
营收规模更大
CHD
是对方的1.1倍
$1.6B
营收增速更快
DAR
高出6.1%
3.9%
净利率更高
CHD
高出7.5%
1.2%
两年增速更快
CHD
近两年复合增速
-1.6%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.6B |
| 净利润 | $143.5M | $19.4M |
| 毛利率 | 45.8% | 24.7% |
| 营业利润率 | 16.2% | 4.6% |
| 净利率 | 8.7% | 1.2% |
| 营收同比 | 3.9% | 10.0% |
| 净利润同比 | -24.2% | 14.2% |
| 每股收益（稀释后） | $0.60 | $0.12 |
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CHDDAR
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $1.5B | $1.5B | ||
| Q1 24 | $1.5B | $1.4B |
净利润CHDDAR
| Q4 25 | $143.5M | — | ||
| Q3 25 | $182.2M | $19.4M | ||
| Q2 25 | $191.0M | $12.7M | ||
| Q1 25 | $220.1M | $-26.2M | ||
| Q4 24 | $189.2M | $101.9M | ||
| Q3 24 | $-75.1M | $16.9M | ||
| Q2 24 | $243.5M | $78.9M | ||
| Q1 24 | $227.7M | $81.2M |
毛利率CHDDAR
| Q4 25 | 45.8% | — | ||
| Q3 25 | 45.1% | 24.7% | ||
| Q2 25 | 43.0% | 23.3% | ||
| Q1 25 | 45.0% | 22.6% | ||
| Q4 24 | 44.7% | 23.5% | ||
| Q3 24 | 45.2% | 22.1% | ||
| Q2 24 | 47.1% | 22.5% | ||
| Q1 24 | 45.7% | 21.4% |
营业利润率CHDDAR
| Q4 25 | 16.2% | — | ||
| Q3 25 | 16.1% | 4.6% | ||
| Q2 25 | 17.4% | 5.1% | ||
| Q1 25 | 20.1% | 2.1% | ||
| Q4 24 | 16.2% | 8.6% | ||
| Q3 24 | -6.1% | 4.2% | ||
| Q2 24 | 22.3% | 10.2% | ||
| Q1 24 | 20.3% | 9.7% |
净利率CHDDAR
| Q4 25 | 8.7% | — | ||
| Q3 25 | 11.5% | 1.2% | ||
| Q2 25 | 12.7% | 0.9% | ||
| Q1 25 | 15.0% | -1.9% | ||
| Q4 24 | 12.0% | 7.2% | ||
| Q3 24 | -5.0% | 1.2% | ||
| Q2 24 | 16.1% | 5.4% | ||
| Q1 24 | 15.1% | 5.7% |
每股收益（稀释后）CHDDAR
| Q4 25 | $0.60 | — | ||
| Q3 25 | $0.75 | $0.12 | ||
| Q2 25 | $0.78 | $0.08 | ||
| Q1 25 | $0.89 | $-0.16 | ||
| Q4 24 | $0.76 | $0.63 | ||
| Q3 24 | $-0.31 | $0.11 | ||
| Q2 24 | $0.99 | $0.49 | ||
| Q1 24 | $0.93 | $0.50 |
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 | $409.0M | $91.5M |
| 总债务越低越好 | $2.2B | $4.0B |
| 股东权益账面价值 | $4.0B | $4.7B |
| 总资产 | $8.9B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.55× | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资CHDDAR
| Q4 25 | $409.0M | — | ||
| Q3 25 | $305.3M | $91.5M | ||
| Q2 25 | $923.2M | $94.6M | ||
| Q1 25 | $1.1B | $81.5M | ||
| Q4 24 | $964.1M | $76.0M | ||
| Q3 24 | $752.1M | $114.8M | ||
| Q2 24 | $491.7M | $121.6M | ||
| Q1 24 | $349.7M | $145.5M |
总债务CHDDAR
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $4.0B | ||
| Q2 25 | $2.2B | $3.9B | ||
| Q1 25 | $2.2B | $3.8B | ||
| Q4 24 | $2.2B | $3.9B | ||
| Q3 24 | $2.2B | $4.1B | ||
| Q2 24 | $2.2B | $4.3B | ||
| Q1 24 | $2.2B | $4.4B |
股东权益CHDDAR
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.2B | $4.7B | ||
| Q2 25 | $4.4B | $4.6B | ||
| Q1 25 | $4.6B | $4.4B | ||
| Q4 24 | $4.4B | $4.4B | ||
| Q3 24 | $4.2B | $4.6B | ||
| Q2 24 | $4.3B | $4.5B | ||
| Q1 24 | $4.1B | $4.6B |
总资产CHDDAR
| Q4 25 | $8.9B | — | ||
| Q3 25 | $9.1B | $10.5B | ||
| Q2 25 | $8.8B | $10.3B | ||
| Q1 25 | $9.0B | $10.0B | ||
| Q4 24 | $8.9B | $10.1B | ||
| Q3 24 | $8.7B | $10.6B | ||
| Q2 24 | $8.8B | $10.6B | ||
| Q1 24 | $8.6B | $10.9B |
负债/权益比CHDDAR
| Q4 25 | 0.55× | — | ||
| Q3 25 | 0.52× | 0.86× | ||
| Q2 25 | 0.50× | 0.85× | ||
| Q1 25 | 0.48× | 0.86× | ||
| Q4 24 | 0.51× | 0.89× | ||
| Q3 24 | 0.53× | 0.91× | ||
| Q2 24 | 0.51× | 0.97× | ||
| Q1 24 | 0.54× | 0.95× |
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 | — | $224.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 11.59× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CHDDAR
| Q4 25 | — | — | ||
| Q3 25 | — | $224.3M | ||
| Q2 25 | — | $145.8M | ||
| Q1 25 | — | $249.0M | ||
| Q4 24 | $292.3M | $154.4M | ||
| Q3 24 | $364.0M | $274.5M | ||
| Q2 24 | $236.9M | $146.5M | ||
| Q1 24 | $263.0M | $263.9M |
自由现金流CHDDAR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $237.7M | — | ||
| Q3 24 | $315.4M | — | ||
| Q2 24 | $206.6M | — | ||
| Q1 24 | $216.7M | — |
自由现金流率CHDDAR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 20.9% | — | ||
| Q2 24 | 13.7% | — | ||
| Q1 24 | 14.4% | — |
资本支出强度CHDDAR
| Q4 25 | 3.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 3.1% | — |
现金转化率CHDDAR
| Q4 25 | — | — | ||
| Q3 25 | — | 11.59× | ||
| Q2 25 | — | 11.52× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.54× | 1.52× | ||
| Q3 24 | — | 16.19× | ||
| Q2 24 | 0.97× | 1.86× | ||
| Q1 24 | 1.16× | 3.25× |
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
CHD
| Household Products | $645.3M | 39% |
| Personal Care Products | $625.9M | 38% |
| Consumer International | $299.8M | 18% |
| Specialty Products Division | $73.2M | 4% |
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
