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陶氏公司（DOW）与欧文斯科宁（OC）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欧文斯科宁的4.4倍（$9.5B vs $2.1B）。陶氏公司同比增速更快（-9.3% vs -24.6%）。过去两年欧文斯科宁的营收复合增速更高（-3.5% 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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
DOW vs OC — 直观对比
营收规模更大
DOW
是对方的4.4倍
$2.1B
营收增速更快
DOW
高出15.3%
-24.6%
两年增速更快
OC
近两年复合增速
-6.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.5B | $2.1B |
| 净利润 | — | $-298.0M |
| 毛利率 | 5.8% | 23.2% |
| 营业利润率 | — | -10.5% |
| 净利率 | — | -13.9% |
| 营收同比 | -9.3% | -24.6% |
| 净利润同比 | — | -15.5% |
| 每股收益（稀释后） | $-2.16 | $-3.47 |
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DOWOC
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $2.1B | ||
| Q3 25 | $10.0B | $2.7B | ||
| Q2 25 | $10.1B | $2.7B | ||
| Q1 25 | $10.4B | $2.5B | ||
| Q4 24 | $10.4B | $2.8B | ||
| Q3 24 | $10.9B | $3.0B | ||
| Q2 24 | $10.9B | $2.8B |
净利润DOWOC
| Q1 26 | — | — | ||
| Q4 25 | $-1.5B | $-298.0M | ||
| Q3 25 | $62.0M | $-494.0M | ||
| Q2 25 | $-835.0M | $363.0M | ||
| Q1 25 | $-307.0M | $-93.0M | ||
| Q4 24 | $-35.0M | $-258.0M | ||
| Q3 24 | $214.0M | $321.0M | ||
| Q2 24 | $439.0M | $285.0M |
毛利率DOWOC
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.8% | 23.2% | ||
| Q3 25 | 7.3% | 28.2% | ||
| Q2 25 | 5.8% | 31.2% | ||
| Q1 25 | 6.4% | 28.7% | ||
| Q4 24 | 9.0% | 28.1% | ||
| Q3 24 | 9.8% | 29.8% | ||
| Q2 24 | 12.1% | 31.1% |
营业利润率DOWOC
| Q1 26 | — | — | ||
| Q4 25 | -16.4% | -10.5% | ||
| Q3 25 | 0.7% | -12.2% | ||
| Q2 25 | -6.5% | 18.4% | ||
| Q1 25 | -3.6% | 16.1% | ||
| Q4 24 | 2.1% | -8.5% | ||
| Q3 24 | 3.0% | 16.7% | ||
| Q2 24 | 5.6% | 16.4% |
净利率DOWOC
| Q1 26 | — | — | ||
| Q4 25 | -15.6% | -13.9% | ||
| Q3 25 | 0.6% | -18.4% | ||
| Q2 25 | -8.3% | 13.2% | ||
| Q1 25 | -2.9% | -3.7% | ||
| Q4 24 | -0.3% | -9.1% | ||
| Q3 24 | 2.0% | 10.5% | ||
| Q2 24 | 4.0% | 10.2% |
每股收益（稀释后）DOWOC
| Q1 26 | $-2.16 | — | ||
| Q4 25 | $-2.16 | $-3.47 | ||
| Q3 25 | $0.08 | $-5.92 | ||
| Q2 25 | $-1.18 | $4.25 | ||
| Q1 25 | $-0.44 | $-1.08 | ||
| Q4 24 | $-0.08 | $-2.92 | ||
| Q3 24 | $0.30 | $3.65 | ||
| Q2 24 | $0.62 | $3.24 |
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 | $345.0M |
| 总债务越低越好 | $17.8B | $4.7B |
| 股东权益账面价值 | $16.0B | $3.9B |
| 总资产 | $58.5B | $13.0B |
| 负债/权益比越低杠杆越低 | 1.12× | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资DOWOC
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.8B | $345.0M | ||
| Q3 25 | $4.6B | $286.0M | ||
| Q2 25 | $2.4B | $230.0M | ||
| Q1 25 | $1.5B | $400.0M | ||
| Q4 24 | $2.2B | $361.0M | ||
| Q3 24 | $2.9B | $499.0M | ||
| Q2 24 | $3.3B | $254.0M |
总债务DOWOC
| Q1 26 | $17.8B | — | ||
| Q4 25 | $17.8B | $4.7B | ||
| Q3 25 | $17.7B | $4.7B | ||
| Q2 25 | $16.2B | $5.1B | ||
| Q1 25 | $15.9B | $5.0B | ||
| Q4 24 | $15.7B | $5.1B | ||
| Q3 24 | $16.2B | $5.0B | ||
| Q2 24 | $16.0B | $5.0B |
股东权益DOWOC
| Q1 26 | $16.0B | — | ||
| Q4 25 | $16.0B | $3.9B | ||
| Q3 25 | $17.5B | $4.4B | ||
| Q2 25 | $17.2B | $5.2B | ||
| Q1 25 | $16.8B | $4.9B | ||
| Q4 24 | $17.4B | $5.1B | ||
| Q3 24 | $18.3B | $5.6B | ||
| Q2 24 | $18.3B | $5.5B |
总资产DOWOC
| Q1 26 | $58.5B | — | ||
| Q4 25 | $58.5B | $13.0B | ||
| Q3 25 | $61.0B | $13.5B | ||
| Q2 25 | $59.0B | $14.5B | ||
| Q1 25 | $57.5B | $14.3B | ||
| Q4 24 | $57.3B | $14.1B | ||
| Q3 24 | $59.4B | $15.1B | ||
| Q2 24 | $58.5B | $15.0B |
负债/权益比DOWOC
| Q1 26 | 1.12× | — | ||
| Q4 25 | 1.12× | 1.22× | ||
| Q3 25 | 1.01× | 1.06× | ||
| Q2 25 | 0.94× | 0.98× | ||
| Q1 25 | 0.95× | 1.03× | ||
| Q4 24 | 0.91× | 1.01× | ||
| Q3 24 | 0.88× | 0.89× | ||
| Q2 24 | 0.87× | 0.92× |
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 | — | $590.0M |
| 自由现金流经营现金流 - 资本支出 | — | $333.0M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 12.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $962.0M |
8季度趋势，按日历期对齐
经营现金流DOWOC
| Q1 26 | — | — | ||
| Q4 25 | $284.0M | $590.0M | ||
| Q3 25 | $1.1B | $918.0M | ||
| Q2 25 | $-470.0M | $327.0M | ||
| Q1 25 | $91.0M | $-49.0M | ||
| Q4 24 | $814.0M | $676.0M | ||
| Q3 24 | $800.0M | $699.0M | ||
| Q2 24 | $836.0M | $493.0M |
自由现金流DOWOC
| Q1 26 | — | — | ||
| Q4 25 | $-284.0M | $333.0M | ||
| Q3 25 | $563.0M | $752.0M | ||
| Q2 25 | $-1.1B | $129.0M | ||
| Q1 25 | $-594.0M | $-252.0M | ||
| Q4 24 | $47.0M | $479.0M | ||
| Q3 24 | $64.0M | $558.0M | ||
| Q2 24 | $113.0M | $336.0M |
自由现金流率DOWOC
| Q1 26 | — | — | ||
| Q4 25 | -3.0% | 15.5% | ||
| Q3 25 | 5.6% | 28.0% | ||
| Q2 25 | -11.2% | 4.7% | ||
| Q1 25 | -5.7% | -10.0% | ||
| Q4 24 | 0.5% | 16.9% | ||
| Q3 24 | 0.6% | 18.3% | ||
| Q2 24 | 1.0% | 12.0% |
资本支出强度DOWOC
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 12.0% | ||
| Q3 25 | 5.7% | 6.2% | ||
| Q2 25 | 6.6% | 7.2% | ||
| Q1 25 | 6.6% | 8.0% | ||
| Q4 24 | 7.4% | 6.9% | ||
| Q3 24 | 6.8% | 4.6% | ||
| Q2 24 | 6.6% | 5.6% |
现金转化率DOWOC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 18.18× | — | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.74× | 2.18× | ||
| Q2 24 | 1.90× | 1.73× |
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
DOW
暂无分部数据
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
