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陶氏公司（DOW）与赫氏（HXL）财务数据对比。点击上方公司名可切换其他公司
陶氏公司的季度营收约是赫氏的18.9倍（$9.5B vs $501.5M）。赫氏同比增速更快（9.9% vs -9.3%）。过去两年赫氏的营收复合增速更高（0.1% vs -6.9%）
陶氏化学是总部位于美国密歇根州米德兰的跨国化工企业，2021年位列全球前三大化工生产商，为特拉华州注册的上市控股公司陶氏公司旗下运营子公司，其产品与解决方案广泛服务于制造业、消费品、基础设施建设等全球多个核心产业领域。
赫氏是总部位于美国康涅狄格州斯坦福德的上市工业材料企业，专注于结构材料的研发与生产，由加州增强塑料公司、汽巴复合材料业务、赫克力士复合材料产品部门合并组建。其产品覆盖商用、军工、休闲等市场，广泛应用于军民飞机、航天运载火箭、卫星、风电叶片、运动器材等领域。
DOW vs HXL — 直观对比
营收规模更大
DOW
是对方的18.9倍
$501.5M
营收增速更快
HXL
高出19.2%
-9.3%
两年增速更快
HXL
近两年复合增速
-6.9%
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $9.5B | $501.5M |
| 净利润 | — | $37.2M |
| 毛利率 | 5.8% | 26.9% |
| 营业利润率 | — | 11.5% |
| 净利率 | — | 7.4% |
| 营收同比 | -9.3% | 9.9% |
| 净利润同比 | — | 29.6% |
| 每股收益（稀释后） | $-2.16 | $0.49 |
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DOWHXL
| Q1 26 | $9.5B | $501.5M | ||
| Q4 25 | $9.5B | $491.3M | ||
| Q3 25 | $10.0B | $456.2M | ||
| Q2 25 | $10.1B | $489.9M | ||
| Q1 25 | $10.4B | $456.5M | ||
| Q4 24 | $10.4B | $473.8M | ||
| Q3 24 | $10.9B | $456.5M | ||
| Q2 24 | $10.9B | $500.4M |
净利润DOWHXL
| Q1 26 | — | $37.2M | ||
| Q4 25 | $-1.5B | $46.4M | ||
| Q3 25 | $62.0M | $20.6M | ||
| Q2 25 | $-835.0M | $13.5M | ||
| Q1 25 | $-307.0M | $28.9M | ||
| Q4 24 | $-35.0M | $5.8M | ||
| Q3 24 | $214.0M | $39.8M | ||
| Q2 24 | $439.0M | $50.0M |
毛利率DOWHXL
| Q1 26 | 5.8% | 26.9% | ||
| Q4 25 | 5.8% | 24.6% | ||
| Q3 25 | 7.3% | 21.9% | ||
| Q2 25 | 5.8% | 22.8% | ||
| Q1 25 | 6.4% | 22.4% | ||
| Q4 24 | 9.0% | 25.0% | ||
| Q3 24 | 9.8% | 23.3% | ||
| Q2 24 | 12.1% | 25.3% |
营业利润率DOWHXL
| Q1 26 | — | 11.5% | ||
| Q4 25 | -16.4% | 12.5% | ||
| Q3 25 | 0.7% | 7.9% | ||
| Q2 25 | -6.5% | 6.1% | ||
| Q1 25 | -3.6% | 9.7% | ||
| Q4 24 | 2.1% | 1.9% | ||
| Q3 24 | 3.0% | 11.5% | ||
| Q2 24 | 5.6% | 14.3% |
净利率DOWHXL
| Q1 26 | — | 7.4% | ||
| Q4 25 | -15.6% | 9.4% | ||
| Q3 25 | 0.6% | 4.5% | ||
| Q2 25 | -8.3% | 2.8% | ||
| Q1 25 | -2.9% | 6.3% | ||
| Q4 24 | -0.3% | 1.2% | ||
| Q3 24 | 2.0% | 8.7% | ||
| Q2 24 | 4.0% | 10.0% |
每股收益（稀释后）DOWHXL
| Q1 26 | $-2.16 | $0.49 | ||
| Q4 25 | $-2.16 | — | ||
| Q3 25 | $0.08 | — | ||
| Q2 25 | $-1.18 | — | ||
| Q1 25 | $-0.44 | — | ||
| Q4 24 | $-0.08 | — | ||
| Q3 24 | $0.30 | — | ||
| Q2 24 | $0.62 | — |
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 | $3.8B | $54.1M |
| 总债务越低越好 | $17.8B | $998.1M |
| 股东权益账面价值 | $16.0B | $1.3B |
| 总资产 | $58.5B | $2.7B |
| 负债/权益比越低杠杆越低 | 1.12× | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资DOWHXL
| Q1 26 | $3.8B | $54.1M | ||
| Q4 25 | $3.8B | $71.0M | ||
| Q3 25 | $4.6B | $90.5M | ||
| Q2 25 | $2.4B | $77.2M | ||
| Q1 25 | $1.5B | $89.2M | ||
| Q4 24 | $2.2B | $125.4M | ||
| Q3 24 | $2.9B | $98.2M | ||
| Q2 24 | $3.3B | $75.4M |
总债务DOWHXL
| Q1 26 | $17.8B | $998.1M | ||
| Q4 25 | $17.8B | — | ||
| Q3 25 | $17.7B | — | ||
| Q2 25 | $16.2B | — | ||
| Q1 25 | $15.9B | — | ||
| Q4 24 | $15.7B | — | ||
| Q3 24 | $16.2B | — | ||
| Q2 24 | $16.0B | — |
股东权益DOWHXL
| Q1 26 | $16.0B | $1.3B | ||
| Q4 25 | $16.0B | $1.3B | ||
| Q3 25 | $17.5B | $1.6B | ||
| Q2 25 | $17.2B | $1.6B | ||
| Q1 25 | $16.8B | $1.5B | ||
| Q4 24 | $17.4B | $1.5B | ||
| Q3 24 | $18.3B | $1.6B | ||
| Q2 24 | $18.3B | $1.6B |
总资产DOWHXL
| Q1 26 | $58.5B | $2.7B | ||
| Q4 25 | $58.5B | $2.7B | ||
| Q3 25 | $61.0B | $2.8B | ||
| Q2 25 | $59.0B | $2.8B | ||
| Q1 25 | $57.5B | $2.8B | ||
| Q4 24 | $57.3B | $2.7B | ||
| Q3 24 | $59.4B | $2.9B | ||
| Q2 24 | $58.5B | $2.8B |
负债/权益比DOWHXL
| Q1 26 | 1.12× | 0.79× | ||
| Q4 25 | 1.12× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.87× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
