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艺康（ECL）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
艺康的季度营收约是SHOPIFY INC.的1.1倍（$4.1B vs $3.7B），SHOPIFY INC.净利率更高（20.2% vs 10.6%，领先9.6%），SHOPIFY INC.同比增速更快（30.6% vs 10.0%），过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs 1.0%）
艺康（Ecolab）总部位于美国明尼苏达州圣保罗市，是全球领先的水处理、清洁消毒与卫生防护产品提供商，核心客户群体覆盖各领域商业机构与工业企业，可助力客户提升运营效率、保障公共卫生安全、实现可持续发展。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
ECL vs SHOP — 直观对比
营收规模更大
ECL
是对方的1.1倍
$3.7B
营收增速更快
SHOP
高出20.5%
10.0%
净利率更高
SHOP
高出9.6%
10.6%
两年增速更快
SHOP
近两年复合增速
1.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $3.7B |
| 净利润 | $432.6M | $743.0M |
| 毛利率 | — | 46.1% |
| 营业利润率 | 15.3% | 17.2% |
| 净利率 | 10.6% | 20.2% |
| 营收同比 | 10.0% | 30.6% |
| 净利润同比 | 1.3% | -42.5% |
| 每股收益（稀释后） | $1.52 | $0.58 |
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ECLSHOP
| Q2 26 | $4.1B | — | ||
| Q4 25 | $4.2B | $3.7B | ||
| Q3 25 | $4.2B | $2.8B | ||
| Q2 25 | $4.0B | $2.7B | ||
| Q1 25 | $3.7B | $2.4B | ||
| Q4 24 | $4.0B | $2.8B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $4.0B | $2.0B |
净利润ECLSHOP
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | $743.0M | ||
| Q3 25 | $585.0M | $264.0M | ||
| Q2 25 | $524.2M | $906.0M | ||
| Q1 25 | $402.5M | $-682.0M | ||
| Q4 24 | $472.9M | $1.3B | ||
| Q3 24 | $736.5M | $828.0M | ||
| Q2 24 | $490.9M | $171.0M |
毛利率ECLSHOP
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | 46.1% | ||
| Q3 25 | 44.8% | 48.9% | ||
| Q2 25 | 44.8% | 48.6% | ||
| Q1 25 | 44.2% | 49.5% | ||
| Q4 24 | 43.3% | 48.1% | ||
| Q3 24 | 43.4% | 51.7% | ||
| Q2 24 | 43.8% | 51.1% |
营业利润率ECLSHOP
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | 17.2% | ||
| Q3 25 | 18.3% | 12.1% | ||
| Q2 25 | 17.6% | 10.9% | ||
| Q1 25 | 15.0% | 8.6% | ||
| Q4 24 | 14.6% | 16.5% | ||
| Q3 24 | 26.1% | 13.1% | ||
| Q2 24 | 16.5% | 11.8% |
净利率ECLSHOP
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | 20.2% | ||
| Q3 25 | 14.0% | 9.3% | ||
| Q2 25 | 13.0% | 33.8% | ||
| Q1 25 | 10.9% | -28.9% | ||
| Q4 24 | 11.8% | 46.0% | ||
| Q3 24 | 18.4% | 38.3% | ||
| Q2 24 | 12.3% | 8.4% |
每股收益（稀释后）ECLSHOP
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | $0.58 | ||
| Q3 25 | $2.05 | $0.20 | ||
| Q2 25 | $1.84 | $0.69 | ||
| Q1 25 | $1.41 | $-0.53 | ||
| Q4 24 | $1.65 | $0.99 | ||
| Q3 24 | $2.58 | $0.64 | ||
| Q2 24 | $1.71 | $0.13 |
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 | $519.8K | $5.8B |
| 总债务越低越好 | $8.5M | — |
| 股东权益账面价值 | $10.0M | $13.5B |
| 总资产 | $25.0M | $15.2B |
| 负债/权益比越低杠杆越低 | 0.85× | — |
8季度趋势，按日历期对齐
现金及短期投资ECLSHOP
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | $5.8B | ||
| Q3 25 | $2.0B | $6.3B | ||
| Q2 25 | $1.9B | $5.8B | ||
| Q1 25 | $1.2B | $5.5B | ||
| Q4 24 | $1.3B | $5.5B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $384.0M | — |
总债务ECLSHOP
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $7.5B | — | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $6.9B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $7.5B | — |
股东权益ECLSHOP
| Q2 26 | $10.0M | — | ||
| Q4 25 | $9.8B | $13.5B | ||
| Q3 25 | $9.7B | $12.5B | ||
| Q2 25 | $9.3B | $12.1B | ||
| Q1 25 | $8.9B | $11.1B | ||
| Q4 24 | $8.8B | $11.6B | ||
| Q3 24 | $8.5B | $10.1B | ||
| Q2 24 | $8.3B | $9.2B |
总资产ECLSHOP
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | $15.2B | ||
| Q3 25 | $23.9B | $15.0B | ||
| Q2 25 | $23.7B | $14.6B | ||
| Q1 25 | $22.4B | $13.4B | ||
| Q4 24 | $22.4B | $13.9B | ||
| Q3 24 | $22.1B | — | ||
| Q2 24 | $21.5B | — |
负债/权益比ECLSHOP
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | 0.91× | — |
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 | — | $725.0M |
| 自由现金流经营现金流 - 资本支出 | — | $715.0M |
| 自由现金流率自由现金流/营收 | — | 19.5% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.98× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流ECLSHOP
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | $725.0M | ||
| Q3 25 | $791.3M | $513.0M | ||
| Q2 25 | $701.8M | $428.0M | ||
| Q1 25 | $369.4M | $367.0M | ||
| Q4 24 | $766.7M | $615.0M | ||
| Q3 24 | $786.7M | $423.0M | ||
| Q2 24 | $611.1M | $340.0M |
自由现金流ECLSHOP
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | $715.0M | ||
| Q3 25 | $529.7M | $507.0M | ||
| Q2 25 | $485.1M | $422.0M | ||
| Q1 25 | $131.5M | $363.0M | ||
| Q4 24 | $407.0M | $611.0M | ||
| Q3 24 | $550.3M | $421.0M | ||
| Q2 24 | $414.2M | $333.0M |
自由现金流率ECLSHOP
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | 19.5% | ||
| Q3 25 | 12.7% | 17.8% | ||
| Q2 25 | 12.1% | 15.7% | ||
| Q1 25 | 3.6% | 15.4% | ||
| Q4 24 | 10.2% | 21.7% | ||
| Q3 24 | 13.8% | 19.5% | ||
| Q2 24 | 10.4% | 16.3% |
资本支出强度ECLSHOP
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | 0.3% | ||
| Q3 25 | 6.3% | 0.2% | ||
| Q2 25 | 5.4% | 0.2% | ||
| Q1 25 | 6.4% | 0.2% | ||
| Q4 24 | 9.0% | 0.1% | ||
| Q3 24 | 5.9% | 0.1% | ||
| Q2 24 | 4.9% | 0.3% |
现金转化率ECLSHOP
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | 0.98× | ||
| Q3 25 | 1.35× | 1.94× | ||
| Q2 25 | 1.34× | 0.47× | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | 1.62× | 0.48× | ||
| Q3 24 | 1.07× | 0.51× | ||
| Q2 24 | 1.24× | 1.99× |
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
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
