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科迪华（CTVA）与MUELLER INDUSTRIES INC（MLI）财务数据对比。点击上方公司名可切换其他公司
科迪华的季度营收约是MUELLER INDUSTRIES INC的4.1倍（$3.9B vs $962.4M）。MUELLER INDUSTRIES INC净利率更高（16.0% vs -14.1%，领先30.1%）。MUELLER INDUSTRIES INC同比增速更快（4.2% vs -1.7%）。科迪华自由现金流更多（$4.2B vs $121.4M）。过去两年MUELLER INDUSTRIES INC的营收复合增速更高（6.4% vs -6.7%）
科迪华是一家美国农业科技企业，主营种子与作物保护产品，涵盖除草剂、杀虫剂、杀菌剂及生物制剂，业务覆盖全球110个国家，总部位于印第安纳州印第安纳波利斯，旗下大部分种子产品以先锋良种国际品牌销售。
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
CTVA vs MLI — 直观对比
营收规模更大
CTVA
是对方的4.1倍
$962.4M
营收增速更快
MLI
高出5.9%
-1.7%
净利率更高
MLI
高出30.1%
-14.1%
自由现金流更多
CTVA
多$4.0B
$121.4M
两年增速更快
MLI
近两年复合增速
-6.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $962.4M |
| 净利润 | $-552.0M | $153.7M |
| 毛利率 | 42.4% | — |
| 营业利润率 | -13.6% | 17.9% |
| 净利率 | -14.1% | 16.0% |
| 营收同比 | -1.7% | 4.2% |
| 净利润同比 | -1246.3% | 11.7% |
| 每股收益（稀释后） | $-0.80 | $1.37 |
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CTVAMLI
| Q4 25 | $3.9B | $962.4M | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $6.5B | $1.1B | ||
| Q1 25 | $4.4B | $1.0B | ||
| Q4 24 | $4.0B | $923.5M | ||
| Q3 24 | $2.3B | $997.8M | ||
| Q2 24 | $6.1B | $997.7M | ||
| Q1 24 | $4.5B | $849.7M |
净利润CTVAMLI
| Q4 25 | $-552.0M | $153.7M | ||
| Q3 25 | $-320.0M | $208.1M | ||
| Q2 25 | $1.3B | $245.9M | ||
| Q1 25 | $652.0M | $157.4M | ||
| Q4 24 | $-41.0M | $137.7M | ||
| Q3 24 | $-524.0M | $168.7M | ||
| Q2 24 | $1.1B | $160.2M | ||
| Q1 24 | $419.0M | $138.4M |
毛利率CTVAMLI
| Q4 25 | 42.4% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 54.6% | — | ||
| Q1 25 | 47.0% | — | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 32.7% | 27.6% | ||
| Q2 24 | 52.3% | 27.3% | ||
| Q1 24 | 43.2% | 28.4% |
营业利润率CTVAMLI
| Q4 25 | -13.6% | 17.9% | ||
| Q3 25 | -14.1% | 25.6% | ||
| Q2 25 | 27.9% | 26.7% | ||
| Q1 25 | 17.7% | 20.6% | ||
| Q4 24 | 2.2% | 18.4% | ||
| Q3 24 | -27.2% | 20.7% | ||
| Q2 24 | 21.9% | 21.0% | ||
| Q1 24 | 10.7% | 21.6% |
净利率CTVAMLI
| Q4 25 | -14.1% | 16.0% | ||
| Q3 25 | -12.2% | 19.3% | ||
| Q2 25 | 20.4% | 21.6% | ||
| Q1 25 | 14.8% | 15.7% | ||
| Q4 24 | -1.0% | 14.9% | ||
| Q3 24 | -22.5% | 16.9% | ||
| Q2 24 | 17.2% | 16.1% | ||
| Q1 24 | 9.3% | 16.3% |
每股收益（稀释后）CTVAMLI
| Q4 25 | $-0.80 | $1.37 | ||
| Q3 25 | $-0.47 | $1.88 | ||
| Q2 25 | $1.92 | $2.22 | ||
| Q1 25 | $0.95 | $1.39 | ||
| Q4 24 | $-0.05 | $1.21 | ||
| Q3 24 | $-0.76 | $1.48 | ||
| Q2 24 | $1.51 | $1.41 | ||
| Q1 24 | $0.60 | $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 | $4.5B | $1.4B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $24.1B | $3.2B |
| 总资产 | $42.8B | $3.7B |
| 负债/权益比越低杠杆越低 | 0.07× | — |
8季度趋势，按日历期对齐
现金及短期投资CTVAMLI
| Q4 25 | $4.5B | $1.4B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.0B | $873.6M | ||
| Q4 24 | $3.2B | $1.1B | ||
| Q3 24 | $2.5B | $969.6M | ||
| Q2 24 | $2.0B | $825.7M | ||
| Q1 24 | $1.7B | $1.4B |
总债务CTVAMLI
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
股东权益CTVAMLI
| Q4 25 | $24.1B | $3.2B | ||
| Q3 25 | $25.2B | $3.1B | ||
| Q2 25 | $25.9B | $2.9B | ||
| Q1 25 | $24.3B | $2.7B | ||
| Q4 24 | $23.8B | $2.8B | ||
| Q3 24 | $24.7B | $2.7B | ||
| Q2 24 | $25.2B | $2.5B | ||
| Q1 24 | $24.8B | $2.4B |
总资产CTVAMLI
| Q4 25 | $42.8B | $3.7B | ||
| Q3 25 | $42.2B | $3.7B | ||
| Q2 25 | $41.8B | $3.5B | ||
| Q1 25 | $42.1B | $3.2B | ||
| Q4 24 | $40.8B | $3.3B | ||
| Q3 24 | $41.9B | $3.2B | ||
| Q2 24 | $41.5B | $3.1B | ||
| Q1 24 | $43.6B | $2.9B |
负债/权益比CTVAMLI
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | 0.08× | — | ||
| Q2 24 | 0.10× | — | ||
| Q1 24 | 0.10× | — |
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 | $4.4B | $141.2M |
| 自由现金流经营现金流 - 资本支出 | $4.2B | $121.4M |
| 自由现金流率自由现金流/营收 | 106.2% | 12.6% |
| 资本支出强度资本支出/营收 | 5.7% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 0.92× |
| 过去12个月自由现金流最近4个季度 | $2.8B | $686.6M |
8季度趋势，按日历期对齐
经营现金流CTVAMLI
| Q4 25 | $4.4B | $141.2M | ||
| Q3 25 | $193.0M | $310.1M | ||
| Q2 25 | $947.0M | $190.6M | ||
| Q1 25 | $-2.1B | $113.6M | ||
| Q4 24 | $4.2B | $140.1M | ||
| Q3 24 | $130.0M | $231.4M | ||
| Q2 24 | $451.0M | $100.8M | ||
| Q1 24 | $-2.6B | $173.6M |
自由现金流CTVAMLI
| Q4 25 | $4.2B | $121.4M | ||
| Q3 25 | $36.0M | $291.8M | ||
| Q2 25 | $829.0M | $176.5M | ||
| Q1 25 | $-2.2B | $97.0M | ||
| Q4 24 | $4.0B | $111.2M | ||
| Q3 24 | $-24.0M | $205.7M | ||
| Q2 24 | $337.0M | $91.6M | ||
| Q1 24 | $-2.8B | $157.2M |
自由现金流率CTVAMLI
| Q4 25 | 106.2% | 12.6% | ||
| Q3 25 | 1.4% | 27.1% | ||
| Q2 25 | 12.8% | 15.5% | ||
| Q1 25 | -49.9% | 9.7% | ||
| Q4 24 | 100.4% | 12.0% | ||
| Q3 24 | -1.0% | 20.6% | ||
| Q2 24 | 5.5% | 9.2% | ||
| Q1 24 | -61.4% | 18.5% |
资本支出强度CTVAMLI
| Q4 25 | 5.7% | 2.1% | ||
| Q3 25 | 6.0% | 1.7% | ||
| Q2 25 | 1.8% | 1.2% | ||
| Q1 25 | 2.1% | 1.7% | ||
| Q4 24 | 4.6% | 3.1% | ||
| Q3 24 | 6.6% | 2.6% | ||
| Q2 24 | 1.9% | 0.9% | ||
| Q1 24 | 3.3% | 1.9% |
现金转化率CTVAMLI
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 0.72× | 0.78× | ||
| Q1 25 | -3.23× | 0.72× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | 0.43× | 0.63× | ||
| Q1 24 | -6.23× | 1.25× |
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
CTVA
| Corn | $1.4B | 35% |
| Herbicides | $1.1B | 27% |
| Insecticides | $488.0M | 12% |
| Fungicides | $272.0M | 7% |
| Biologicals | $191.0M | 5% |
| Soybean | $164.0M | 4% |
| Other | $160.0M | 4% |
| Otheroilseeds | $94.0M | 2% |
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
