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艺康（ECL）与UNITED NATURAL FOODS INC（UNFI）财务数据对比。点击上方公司名可切换其他公司
UNITED NATURAL FOODS INC的季度营收约是艺康的1.9倍（$7.8B vs $4.1B），艺康净利率更高（10.6% vs -0.1%，领先10.7%），艺康同比增速更快（10.0% vs -0.4%），过去两年艺康的营收复合增速更高（1.0% vs 0.4%）
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。
联合天然食品公司（UNFI）总部位于美国罗德岛州普罗维登斯，是北美知名的天然有机食品企业，也是美国和加拿大规模最大的上市健康及特色食品批发经销商，是全食超市的核心供应商，2018年来自全食的业务收入占其总营收的三分之一以上。
ECL vs UNFI — 直观对比
营收规模更大
UNFI
是对方的1.9倍
$4.1B
营收增速更快
ECL
高出10.4%
-0.4%
净利率更高
ECL
高出10.7%
-0.1%
两年增速更快
ECL
近两年复合增速
0.4%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $7.8B |
| 净利润 | $432.6M | $-4.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 15.3% | 0.2% |
| 净利率 | 10.6% | -0.1% |
| 营收同比 | 10.0% | -0.4% |
| 净利润同比 | 1.3% | 81.0% |
| 每股收益（稀释后） | $1.52 | $-0.06 |
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ECLUNFI
| Q2 26 | $4.1B | — | ||
| Q4 25 | $4.2B | $7.8B | ||
| Q3 25 | $4.2B | $7.7B | ||
| Q2 25 | $4.0B | $8.1B | ||
| Q1 25 | $3.7B | $8.2B | ||
| Q4 24 | $4.0B | $7.9B | ||
| Q3 24 | $4.0B | $8.2B | ||
| Q2 24 | $4.0B | $7.5B |
净利润ECLUNFI
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | $-4.0M | ||
| Q3 25 | $585.0M | $-87.0M | ||
| Q2 25 | $524.2M | $-7.0M | ||
| Q1 25 | $402.5M | $-3.0M | ||
| Q4 24 | $472.9M | $-21.0M | ||
| Q3 24 | $736.5M | $-37.0M | ||
| Q2 24 | $490.9M | $-21.0M |
毛利率ECLUNFI
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | 13.4% | ||
| Q3 25 | 44.8% | 13.4% | ||
| Q2 25 | 44.8% | 13.4% | ||
| Q1 25 | 44.2% | 13.1% | ||
| Q4 24 | 43.3% | 13.2% | ||
| Q3 24 | 43.4% | 13.7% | ||
| Q2 24 | 43.8% | 13.6% |
营业利润率ECLUNFI
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | 0.2% | ||
| Q3 25 | 18.3% | -1.0% | ||
| Q2 25 | 17.6% | 0.2% | ||
| Q1 25 | 15.0% | 0.3% | ||
| Q4 24 | 14.6% | 0.1% | ||
| Q3 24 | 26.1% | 0.0% | ||
| Q2 24 | 16.5% | 0.1% |
净利率ECLUNFI
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | -0.1% | ||
| Q3 25 | 14.0% | -1.1% | ||
| Q2 25 | 13.0% | -0.1% | ||
| Q1 25 | 10.9% | -0.0% | ||
| Q4 24 | 11.8% | -0.3% | ||
| Q3 24 | 18.4% | -0.5% | ||
| Q2 24 | 12.3% | -0.3% |
每股收益（稀释后）ECLUNFI
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | $-0.06 | ||
| Q3 25 | $2.05 | $-1.43 | ||
| Q2 25 | $1.84 | $-0.12 | ||
| Q1 25 | $1.41 | $-0.05 | ||
| Q4 24 | $1.65 | $-0.35 | ||
| Q3 24 | $2.58 | $-0.63 | ||
| Q2 24 | $1.71 | $-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 | $519.8K | $38.0M |
| 总债务越低越好 | $8.5M | $1.9B |
| 股东权益账面价值 | $10.0M | $1.5B |
| 总资产 | $25.0M | $7.6B |
| 负债/权益比越低杠杆越低 | 0.85× | 1.24× |
8季度趋势，按日历期对齐
现金及短期投资ECLUNFI
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | $38.0M | ||
| Q3 25 | $2.0B | $44.0M | ||
| Q2 25 | $1.9B | $52.0M | ||
| Q1 25 | $1.2B | $44.0M | ||
| Q4 24 | $1.3B | $37.0M | ||
| Q3 24 | $1.3B | $40.0M | ||
| Q2 24 | $384.0M | $39.0M |
总债务ECLUNFI
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | $1.9B | ||
| Q3 25 | $8.1B | $1.9B | ||
| Q2 25 | $7.5B | $2.0B | ||
| Q1 25 | $7.0B | $2.1B | ||
| Q4 24 | $6.9B | $2.2B | ||
| Q3 24 | $7.0B | $2.1B | ||
| Q2 24 | $7.5B | $2.1B |
股东权益ECLUNFI
| Q2 26 | $10.0M | — | ||
| Q4 25 | $9.8B | $1.5B | ||
| Q3 25 | $9.7B | $1.6B | ||
| Q2 25 | $9.3B | $1.6B | ||
| Q1 25 | $8.9B | $1.6B | ||
| Q4 24 | $8.8B | $1.6B | ||
| Q3 24 | $8.5B | $1.6B | ||
| Q2 24 | $8.3B | $1.7B |
总资产ECLUNFI
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | $7.6B | ||
| Q3 25 | $23.9B | $7.6B | ||
| Q2 25 | $23.7B | $7.6B | ||
| Q1 25 | $22.4B | $7.7B | ||
| Q4 24 | $22.4B | $8.0B | ||
| Q3 24 | $22.1B | $7.5B | ||
| Q2 24 | $21.5B | $7.6B |
负债/权益比ECLUNFI
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | 1.24× | ||
| Q3 25 | 0.83× | 1.20× | ||
| Q2 25 | 0.81× | 1.21× | ||
| Q1 25 | 0.79× | 1.27× | ||
| Q4 24 | 0.79× | 1.38× | ||
| Q3 24 | 0.82× | 1.27× | ||
| Q2 24 | 0.91× | 1.28× |
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 | — | $-38.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-54.0M |
| 自由现金流率自由现金流/营收 | — | -0.7% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 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 | — | $344.0M |
8季度趋势，按日历期对齐
经营现金流ECLUNFI
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | $-38.0M | ||
| Q3 25 | $791.3M | $160.0M | ||
| Q2 25 | $701.8M | $173.0M | ||
| Q1 25 | $369.4M | $247.0M | ||
| Q4 24 | $766.7M | $-110.0M | ||
| Q3 24 | $786.7M | $199.0M | ||
| Q2 24 | $611.1M | $125.0M |
自由现金流ECLUNFI
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | $-54.0M | ||
| Q3 25 | $529.7M | $86.0M | ||
| Q2 25 | $485.1M | $119.0M | ||
| Q1 25 | $131.5M | $193.0M | ||
| Q4 24 | $407.0M | $-159.0M | ||
| Q3 24 | $550.3M | $71.0M | ||
| Q2 24 | $414.2M | $49.0M |
自由现金流率ECLUNFI
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | -0.7% | ||
| Q3 25 | 12.7% | 1.1% | ||
| Q2 25 | 12.1% | 1.5% | ||
| Q1 25 | 3.6% | 2.4% | ||
| Q4 24 | 10.2% | -2.0% | ||
| Q3 24 | 13.8% | 0.9% | ||
| Q2 24 | 10.4% | 0.7% |
资本支出强度ECLUNFI
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | 0.2% | ||
| Q3 25 | 6.3% | 1.0% | ||
| Q2 25 | 5.4% | 0.7% | ||
| Q1 25 | 6.4% | 0.7% | ||
| Q4 24 | 9.0% | 0.6% | ||
| Q3 24 | 5.9% | 1.6% | ||
| Q2 24 | 4.9% | 1.0% |
现金转化率ECLUNFI
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | 1.62× | — | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.24× | — |
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% |
UNFI
| Natural Segment | $4.3B | 55% |
| Conventional Segment | $3.1B | 40% |
| Retail Segment | $560.0M | 7% |
