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科迪华（CTVA）与Waste Management（WM）财务数据对比。点击上方公司名可切换其他公司
Waste Management的季度营收约是科迪华的1.6倍（$6.2B vs $3.9B），Waste Management净利率更高（11.6% vs -14.1%，领先25.7%），Waste Management同比增速更快（3.5% vs -1.7%），科迪华自由现金流更多（$4.2B vs $981.0M），过去两年Waste Management的营收复合增速更高（7.4% 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。
Waste Management是专业的废弃物管理服务提供商，业务覆盖废弃物从产生到最终处置的全流程，包含垃圾收集、运输、处理、处置等核心环节，同时涉及废弃物管理流程监督、相关法规合规、技术应用及商业机制优化等相关业务。
CTVA vs WM — 直观对比
营收规模更大
WM
是对方的1.6倍
$3.9B
营收增速更快
WM
高出5.2%
-1.7%
净利率更高
WM
高出25.7%
-14.1%
自由现金流更多
CTVA
多$3.2B
$981.0M
两年增速更快
WM
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $6.2B |
| 净利润 | $-552.0M | $723.0M |
| 毛利率 | 42.4% | — |
| 营业利润率 | -13.6% | 17.9% |
| 净利率 | -14.1% | 11.6% |
| 营收同比 | -1.7% | 3.5% |
| 净利润同比 | -1246.3% | 13.5% |
| 每股收益（稀释后） | $-0.80 | $1.79 |
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CTVAWM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $3.9B | $6.3B | ||
| Q3 25 | $2.6B | $6.4B | ||
| Q2 25 | $6.5B | $6.4B | ||
| Q1 25 | $4.4B | $6.0B | ||
| Q4 24 | $4.0B | $5.9B | ||
| Q3 24 | $2.3B | $5.6B | ||
| Q2 24 | $6.1B | $5.4B |
净利润CTVAWM
| Q1 26 | — | $723.0M | ||
| Q4 25 | $-552.0M | $742.0M | ||
| Q3 25 | $-320.0M | $603.0M | ||
| Q2 25 | $1.3B | $726.0M | ||
| Q1 25 | $652.0M | $637.0M | ||
| Q4 24 | $-41.0M | $598.0M | ||
| Q3 24 | $-524.0M | $760.0M | ||
| Q2 24 | $1.1B | $680.0M |
毛利率CTVAWM
| Q1 26 | — | — | ||
| Q4 25 | 42.4% | 41.5% | ||
| Q3 25 | 37.2% | 40.5% | ||
| Q2 25 | 54.6% | 40.3% | ||
| Q1 25 | 47.0% | 39.4% | ||
| Q4 24 | 37.3% | 39.7% | ||
| Q3 24 | 32.7% | 39.4% | ||
| Q2 24 | 52.3% | 39.1% |
营业利润率CTVAWM
| Q1 26 | — | 17.9% | ||
| Q4 25 | -13.6% | 18.3% | ||
| Q3 25 | -14.1% | 15.3% | ||
| Q2 25 | 27.9% | 17.9% | ||
| Q1 25 | 17.7% | 16.8% | ||
| Q4 24 | 2.2% | 15.6% | ||
| Q3 24 | -27.2% | 20.0% | ||
| Q2 24 | 21.9% | 18.7% |
净利率CTVAWM
| Q1 26 | — | 11.6% | ||
| Q4 25 | -14.1% | 11.8% | ||
| Q3 25 | -12.2% | 9.4% | ||
| Q2 25 | 20.4% | 11.3% | ||
| Q1 25 | 14.8% | 10.6% | ||
| Q4 24 | -1.0% | 10.1% | ||
| Q3 24 | -22.5% | 13.5% | ||
| Q2 24 | 17.2% | 12.6% |
每股收益（稀释后）CTVAWM
| Q1 26 | — | $1.79 | ||
| Q4 25 | $-0.80 | $1.83 | ||
| Q3 25 | $-0.47 | $1.49 | ||
| Q2 25 | $1.92 | $1.80 | ||
| Q1 25 | $0.95 | $1.58 | ||
| Q4 24 | $-0.05 | $1.49 | ||
| Q3 24 | $-0.76 | $1.88 | ||
| Q2 24 | $1.51 | $1.69 |
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 | $158.0M |
| 总债务越低越好 | $1.7B | $22.9B |
| 股东权益账面价值 | $24.1B | $10.0B |
| 总资产 | $42.8B | $45.7B |
| 负债/权益比越低杠杆越低 | 0.07× | 2.28× |
8季度趋势，按日历期对齐
现金及短期投资CTVAWM
| Q1 26 | — | $158.0M | ||
| Q4 25 | $4.5B | $201.0M | ||
| Q3 25 | $2.6B | $175.0M | ||
| Q2 25 | $2.1B | $440.0M | ||
| Q1 25 | $2.0B | $216.0M | ||
| Q4 24 | $3.2B | $414.0M | ||
| Q3 24 | $2.5B | $614.0M | ||
| Q2 24 | $2.0B | $172.0M |
总债务CTVAWM
| Q1 26 | — | $22.9B | ||
| Q4 25 | $1.7B | $22.2B | ||
| Q3 25 | $1.7B | $22.5B | ||
| Q2 25 | $1.7B | $23.1B | ||
| Q1 25 | $1.8B | $22.9B | ||
| Q4 24 | $2.0B | $22.5B | ||
| Q3 24 | $2.0B | $16.0B | ||
| Q2 24 | $2.5B | $16.5B |
股东权益CTVAWM
| Q1 26 | — | $10.0B | ||
| Q4 25 | $24.1B | $10.0B | ||
| Q3 25 | $25.2B | $9.5B | ||
| Q2 25 | $25.9B | $9.2B | ||
| Q1 25 | $24.3B | $8.7B | ||
| Q4 24 | $23.8B | $8.3B | ||
| Q3 24 | $24.7B | $8.0B | ||
| Q2 24 | $25.2B | $7.5B |
总资产CTVAWM
| Q1 26 | — | $45.7B | ||
| Q4 25 | $42.8B | $45.8B | ||
| Q3 25 | $42.2B | $45.6B | ||
| Q2 25 | $41.8B | $45.7B | ||
| Q1 25 | $42.1B | $44.5B | ||
| Q4 24 | $40.8B | $44.6B | ||
| Q3 24 | $41.9B | $34.7B | ||
| Q2 24 | $41.5B | $34.0B |
负债/权益比CTVAWM
| Q1 26 | — | 2.28× | ||
| Q4 25 | 0.07× | 2.22× | ||
| Q3 25 | 0.07× | 2.36× | ||
| Q2 25 | 0.07× | 2.51× | ||
| Q1 25 | 0.07× | 2.65× | ||
| Q4 24 | 0.08× | 2.73× | ||
| Q3 24 | 0.08× | 2.00× | ||
| Q2 24 | 0.10× | 2.21× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $4.2B | $981.0M |
| 自由现金流率自由现金流/营收 | 106.2% | 15.8% |
| 资本支出强度资本支出/营收 | 5.7% | — |
| 现金转化率经营现金流/净利润 | — | 2.08× |
| 过去12个月自由现金流最近4个季度 | $2.8B | $3.4B |
8季度趋势，按日历期对齐
经营现金流CTVAWM
| Q1 26 | — | $1.5B | ||
| Q4 25 | $4.4B | $1.7B | ||
| Q3 25 | $193.0M | $1.6B | ||
| Q2 25 | $947.0M | $1.5B | ||
| Q1 25 | $-2.1B | $1.2B | ||
| Q4 24 | $4.2B | $1.5B | ||
| Q3 24 | $130.0M | $1.4B | ||
| Q2 24 | $451.0M | $1.2B |
自由现金流CTVAWM
| Q1 26 | — | $981.0M | ||
| Q4 25 | $4.2B | $810.0M | ||
| Q3 25 | $36.0M | $816.0M | ||
| Q2 25 | $829.0M | $813.0M | ||
| Q1 25 | $-2.2B | $377.0M | ||
| Q4 24 | $4.0B | $396.0M | ||
| Q3 24 | $-24.0M | $577.0M | ||
| Q2 24 | $337.0M | $487.0M |
自由现金流率CTVAWM
| Q1 26 | — | 15.8% | ||
| Q4 25 | 106.2% | 12.8% | ||
| Q3 25 | 1.4% | 12.7% | ||
| Q2 25 | 12.8% | 12.6% | ||
| Q1 25 | -49.9% | 6.3% | ||
| Q4 24 | 100.4% | 6.7% | ||
| Q3 24 | -1.0% | 10.3% | ||
| Q2 24 | 5.5% | 9.0% |
资本支出强度CTVAWM
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 14.1% | ||
| Q3 25 | 6.0% | 12.0% | ||
| Q2 25 | 1.8% | 11.4% | ||
| Q1 25 | 2.1% | 13.8% | ||
| Q4 24 | 4.6% | 18.9% | ||
| Q3 24 | 6.6% | 13.9% | ||
| Q2 24 | 1.9% | 12.3% |
现金转化率CTVAWM
| Q1 26 | — | 2.08× | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 2.64× | ||
| Q2 25 | 0.72× | 2.13× | ||
| Q1 25 | -3.23× | 1.90× | ||
| Q4 24 | — | 2.53× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | 0.43× | 1.70× |
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% |
WM
暂无分部数据
