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Delek US Holdings, Inc.（DK）与福陆（FLR）财务数据对比。点击上方公司名可切换其他公司
福陆的季度营收约是Delek US Holdings, Inc.的1.7倍（$4.2B vs $2.4B），Delek US Holdings, Inc.净利率更高（3.2% vs -37.7%，领先40.9%），Delek US Holdings, Inc.同比增速更快（2.3% vs -2.0%），Delek US Holdings, Inc.自由现金流更多（$382.8M vs $-378.0M），过去两年福陆的营收复合增速更高（5.7% vs -11.9%）
Delek US Holdings, Inc.成立于2001年，总部位于美国田纳西州布伦特伍德，是一家深耕炼油、物流及生物燃料领域的能源企业，业务覆盖能源产业链上下游相关环节，为市场提供稳定的能源相关产品与配套服务。
福陆是总部位于美国得克萨斯州欧文市的工程建设企业，通过旗下子公司提供油气、工业与基础设施、政府项目及电力三大核心领域的服务，是《财富》世界500强中排名最高的上市工程建设企业，总排名位列第265位。
DK vs FLR — 直观对比
营收规模更大
FLR
是对方的1.7倍
$2.4B
营收增速更快
DK
高出4.3%
-2.0%
净利率更高
DK
高出40.9%
-37.7%
自由现金流更多
DK
多$760.8M
$-378.0M
两年增速更快
FLR
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $4.2B |
| 净利润 | $78.3M | $-1.6B |
| 毛利率 | 9.3% | 3.2% |
| 营业利润率 | 6.8% | 1.3% |
| 净利率 | 3.2% | -37.7% |
| 营收同比 | 2.3% | -2.0% |
| 净利润同比 | 118.9% | -184.4% |
| 每股收益（稀释后） | $1.23 | $-9.40 |
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DKFLR
| Q4 25 | $2.4B | $4.2B | ||
| Q3 25 | $2.9B | $3.4B | ||
| Q2 25 | $2.8B | $4.0B | ||
| Q1 25 | $2.6B | $4.0B | ||
| Q4 24 | $2.4B | $4.3B | ||
| Q3 24 | $3.0B | $4.1B | ||
| Q2 24 | $3.3B | $4.2B | ||
| Q1 24 | $3.1B | $3.7B |
净利润DKFLR
| Q4 25 | $78.3M | $-1.6B | ||
| Q3 25 | $178.0M | $-697.0M | ||
| Q2 25 | $-106.4M | $2.5B | ||
| Q1 25 | $-172.7M | $-241.0M | ||
| Q4 24 | $-413.8M | $1.9B | ||
| Q3 24 | $-76.8M | $54.0M | ||
| Q2 24 | $-37.2M | $169.0M | ||
| Q1 24 | $-32.6M | $59.0M |
毛利率DKFLR
| Q4 25 | 9.3% | 3.2% | ||
| Q3 25 | 13.8% | -13.3% | ||
| Q2 25 | 1.9% | 1.4% | ||
| Q1 25 | -2.4% | 3.5% | ||
| Q4 24 | -5.7% | 4.9% | ||
| Q3 24 | -0.7% | 2.1% | ||
| Q2 24 | 0.5% | 4.2% | ||
| Q1 24 | 3.0% | 2.7% |
营业利润率DKFLR
| Q4 25 | 6.8% | 1.3% | ||
| Q3 25 | 10.2% | -14.7% | ||
| Q2 25 | -1.2% | -0.7% | ||
| Q1 25 | -4.8% | 2.3% | ||
| Q4 24 | -17.0% | 4.4% | ||
| Q3 24 | -4.0% | 1.2% | ||
| Q2 24 | 0.1% | 4.2% | ||
| Q1 24 | 0.9% | 1.4% |
净利率DKFLR
| Q4 25 | 3.2% | -37.7% | ||
| Q3 25 | 6.2% | -20.7% | ||
| Q2 25 | -3.8% | 61.8% | ||
| Q1 25 | -6.5% | -6.1% | ||
| Q4 24 | -17.4% | 43.7% | ||
| Q3 24 | -2.5% | 1.3% | ||
| Q2 24 | -1.1% | 4.0% | ||
| Q1 24 | -1.0% | 1.6% |
每股收益（稀释后）DKFLR
| Q4 25 | $1.23 | $-9.40 | ||
| Q3 25 | $2.93 | $-4.30 | ||
| Q2 25 | $-1.76 | $14.81 | ||
| Q1 25 | $-2.78 | $-1.42 | ||
| Q4 24 | $-6.48 | $10.68 | ||
| Q3 24 | $-1.20 | $0.31 | ||
| Q2 24 | $-0.58 | $0.97 | ||
| Q1 24 | $-0.51 | $0.34 |
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 | $625.8M | $2.2B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $547.3M | $3.2B |
| 总资产 | $6.8B | $8.2B |
| 负债/权益比越低杠杆越低 | 5.91× | — |
8季度趋势，按日历期对齐
现金及短期投资DKFLR
| Q4 25 | $625.8M | $2.2B | ||
| Q3 25 | $630.9M | $2.8B | ||
| Q2 25 | $615.5M | $2.3B | ||
| Q1 25 | $623.8M | $2.5B | ||
| Q4 24 | $735.6M | $3.0B | ||
| Q3 24 | $1.0B | $3.0B | ||
| Q2 24 | $657.9M | $2.7B | ||
| Q1 24 | $753.4M | $2.4B |
总债务DKFLR
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
股东权益DKFLR
| Q4 25 | $547.3M | $3.2B | ||
| Q3 25 | $444.8M | $5.2B | ||
| Q2 25 | $294.9M | $5.9B | ||
| Q1 25 | $429.4M | $3.6B | ||
| Q4 24 | $575.2M | $3.9B | ||
| Q3 24 | $875.4M | $2.3B | ||
| Q2 24 | $982.8M | $2.1B | ||
| Q1 24 | $1.0B | $2.0B |
总资产DKFLR
| Q4 25 | $6.8B | $8.2B | ||
| Q3 25 | $7.1B | $11.5B | ||
| Q2 25 | $7.1B | $11.8B | ||
| Q1 25 | $6.9B | $8.4B | ||
| Q4 24 | $6.7B | $9.1B | ||
| Q3 24 | $7.0B | $7.1B | ||
| Q2 24 | $6.9B | $6.8B | ||
| Q1 24 | $7.2B | $6.7B |
负债/权益比DKFLR
| Q4 25 | 5.91× | — | ||
| Q3 25 | 7.14× | — | ||
| Q2 25 | 10.51× | — | ||
| Q1 25 | 7.07× | — | ||
| Q4 24 | 4.81× | — | ||
| Q3 24 | 3.19× | — | ||
| Q2 24 | 2.50× | — | ||
| Q1 24 | 2.41× | — |
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 | $502.8M | $-366.0M |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $-378.0M |
| 自由现金流率自由现金流/营收 | 15.8% | -9.1% |
| 资本支出强度资本支出/营收 | 4.9% | 0.3% |
| 现金转化率经营现金流/净利润 | 6.42× | — |
| 过去12个月自由现金流最近4个季度 | $6.3M | $-437.0M |
8季度趋势，按日历期对齐
经营现金流DKFLR
| Q4 25 | $502.8M | $-366.0M | ||
| Q3 25 | $44.0M | $286.0M | ||
| Q2 25 | $51.4M | $-21.0M | ||
| Q1 25 | $-62.4M | $-286.0M | ||
| Q4 24 | $-163.5M | $327.0M | ||
| Q3 24 | $-21.6M | $330.0M | ||
| Q2 24 | $-48.4M | $282.0M | ||
| Q1 24 | $166.7M | $-111.0M |
自由现金流DKFLR
| Q4 25 | $382.8M | $-378.0M | ||
| Q3 25 | $-64.0M | $273.0M | ||
| Q2 25 | $-114.4M | $-35.0M | ||
| Q1 25 | $-198.1M | $-297.0M | ||
| Q4 24 | $-354.0M | $296.0M | ||
| Q3 24 | $-140.6M | $279.0M | ||
| Q2 24 | $-128.3M | $234.0M | ||
| Q1 24 | $128.4M | $-145.0M |
自由现金流率DKFLR
| Q4 25 | 15.8% | -9.1% | ||
| Q3 25 | -2.2% | 8.1% | ||
| Q2 25 | -4.1% | -0.9% | ||
| Q1 25 | -7.5% | -7.5% | ||
| Q4 24 | -14.9% | 6.9% | ||
| Q3 24 | -4.6% | 6.8% | ||
| Q2 24 | -3.9% | 5.5% | ||
| Q1 24 | 4.1% | -3.9% |
资本支出强度DKFLR
| Q4 25 | 4.9% | 0.3% | ||
| Q3 25 | 3.7% | 0.4% | ||
| Q2 25 | 6.0% | 0.4% | ||
| Q1 25 | 5.1% | 0.3% | ||
| Q4 24 | 8.0% | 0.7% | ||
| Q3 24 | 3.9% | 1.2% | ||
| Q2 24 | 2.4% | 1.1% | ||
| Q1 24 | 1.2% | 0.9% |
现金转化率DKFLR
| Q4 25 | 6.42× | — | ||
| Q3 25 | 0.25× | — | ||
| Q2 25 | — | -0.01× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 6.11× | ||
| Q2 24 | — | 1.67× | ||
| Q1 24 | — | -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
DK
| Refining | $2.2B | 91% |
| Other | $173.0M | 7% |
| Gravity Water Intermediate Holdings LLC Gravity | $22.5M | 1% |
| Related Party | $20.8M | 1% |
| Logistics | $1.3M | 0% |
FLR
| Urban Solutions Segment | $2.6B | 63% |
| Energy Solutions Segment | $943.0M | 23% |
| Mission Solutions Segment | $600.0M | 14% |
