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艺康（ECL）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
联合太平洋的季度营收约是艺康的1.5倍（$6.2B vs $4.1B），联合太平洋净利率更高（27.4% vs 10.6%，领先16.7%），艺康同比增速更快（10.0% vs 3.2%），过去两年联合太平洋的营收复合增速更高（1.7% 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。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
ECL vs UNP — 直观对比
营收规模更大
UNP
是对方的1.5倍
$4.1B
营收增速更快
ECL
高出6.9%
3.2%
净利率更高
UNP
高出16.7%
10.6%
两年增速更快
UNP
近两年复合增速
1.0%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $6.2B |
| 净利润 | $432.6M | $1.7B |
| 毛利率 | — | — |
| 营业利润率 | 15.3% | 39.5% |
| 净利率 | 10.6% | 27.4% |
| 营收同比 | 10.0% | 3.2% |
| 净利润同比 | 1.3% | 4.6% |
| 每股收益（稀释后） | $1.52 | $2.87 |
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ECLUNP
| Q2 26 | $4.1B | — | ||
| Q1 26 | — | $6.2B | ||
| Q4 25 | $4.2B | $6.1B | ||
| Q3 25 | $4.2B | $6.2B | ||
| Q2 25 | $4.0B | $6.2B | ||
| Q1 25 | $3.7B | $6.0B | ||
| Q4 24 | $4.0B | $6.1B | ||
| Q3 24 | $4.0B | $6.1B |
净利润ECLUNP
| Q2 26 | $432.6M | — | ||
| Q1 26 | — | $1.7B | ||
| Q4 25 | $563.9M | $1.8B | ||
| Q3 25 | $585.0M | $1.8B | ||
| Q2 25 | $524.2M | $1.9B | ||
| Q1 25 | $402.5M | $1.6B | ||
| Q4 24 | $472.9M | $1.8B | ||
| Q3 24 | $736.5M | $1.7B |
毛利率ECLUNP
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 44.0% | — | ||
| Q3 25 | 44.8% | — | ||
| Q2 25 | 44.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 43.3% | — | ||
| Q3 24 | 43.4% | — |
营业利润率ECLUNP
| Q2 26 | 15.3% | — | ||
| Q1 26 | — | 39.5% | ||
| Q4 25 | 17.0% | 39.5% | ||
| Q3 25 | 18.3% | 40.8% | ||
| Q2 25 | 17.6% | 41.0% | ||
| Q1 25 | 15.0% | 39.3% | ||
| Q4 24 | 14.6% | 41.3% | ||
| Q3 24 | 26.1% | 39.7% |
净利率ECLUNP
| Q2 26 | 10.6% | — | ||
| Q1 26 | — | 27.4% | ||
| Q4 25 | 13.4% | 30.4% | ||
| Q3 25 | 14.0% | 28.6% | ||
| Q2 25 | 13.0% | 30.5% | ||
| Q1 25 | 10.9% | 27.0% | ||
| Q4 24 | 11.8% | 28.8% | ||
| Q3 24 | 18.4% | 27.4% |
每股收益（稀释后）ECLUNP
| Q2 26 | $1.52 | — | ||
| Q1 26 | — | $2.87 | ||
| Q4 25 | $1.98 | $3.12 | ||
| Q3 25 | $2.05 | $3.01 | ||
| Q2 25 | $1.84 | $3.15 | ||
| Q1 25 | $1.41 | $2.70 | ||
| Q4 24 | $1.65 | $2.91 | ||
| Q3 24 | $2.58 | $2.75 |
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 | $735.0M |
| 总债务越低越好 | $8.5M | — |
| 股东权益账面价值 | $10.0M | — |
| 总资产 | $25.0M | $69.6B |
| 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ECLUNP
| Q2 26 | $519.8K | — | ||
| Q1 26 | — | $735.0M | ||
| Q4 25 | $646.2M | $1.3B | ||
| Q3 25 | $2.0B | $808.0M | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $947.0M |
总债务ECLUNP
| Q2 26 | $8.5M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $7.4B | $30.3B | ||
| Q3 25 | $8.1B | $30.3B | ||
| Q2 25 | $7.5B | $30.3B | ||
| Q1 25 | $7.0B | $30.6B | ||
| Q4 24 | $6.9B | $29.8B | ||
| Q3 24 | $7.0B | $29.8B |
股东权益ECLUNP
| Q2 26 | $10.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | $18.5B | ||
| Q3 25 | $9.7B | $17.3B | ||
| Q2 25 | $9.3B | $16.3B | ||
| Q1 25 | $8.9B | $16.0B | ||
| Q4 24 | $8.8B | $16.9B | ||
| Q3 24 | $8.5B | $16.6B |
总资产ECLUNP
| Q2 26 | $25.0M | — | ||
| Q1 26 | — | $69.6B | ||
| Q4 25 | $24.7B | $69.7B | ||
| Q3 25 | $23.9B | $68.6B | ||
| Q2 25 | $23.7B | $68.6B | ||
| Q1 25 | $22.4B | $68.5B | ||
| Q4 24 | $22.4B | $67.7B | ||
| Q3 24 | $22.1B | $67.6B |
负债/权益比ECLUNP
| Q2 26 | 0.85× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 1.64× | ||
| Q3 25 | 0.83× | 1.75× | ||
| Q2 25 | 0.81× | 1.86× | ||
| Q1 25 | 0.79× | 1.91× | ||
| Q4 24 | 0.79× | 1.76× | ||
| Q3 24 | 0.82× | 1.79× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $631.0M |
| 自由现金流率自由现金流/营收 | — | 10.1% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | $4.8B |
8季度趋势，按日历期对齐
经营现金流ECLUNP
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $791.3M | $2.5B | ||
| Q2 25 | $701.8M | $2.3B | ||
| Q1 25 | $369.4M | $2.2B | ||
| Q4 24 | $766.7M | $2.7B | ||
| Q3 24 | $786.7M | $2.7B |
自由现金流ECLUNP
| Q2 26 | — | — | ||
| Q1 26 | — | $631.0M | ||
| Q4 25 | $758.0M | $1.2B | ||
| Q3 25 | $529.7M | $1.6B | ||
| Q2 25 | $485.1M | $1.4B | ||
| Q1 25 | $131.5M | $1.3B | ||
| Q4 24 | $407.0M | $1.7B | ||
| Q3 24 | $550.3M | $1.8B |
自由现金流率ECLUNP
| Q2 26 | — | — | ||
| Q1 26 | — | 10.1% | ||
| Q4 25 | 18.1% | 20.1% | ||
| Q3 25 | 12.7% | 25.2% | ||
| Q2 25 | 12.1% | 22.7% | ||
| Q1 25 | 3.6% | 21.6% | ||
| Q4 24 | 10.2% | 28.4% | ||
| Q3 24 | 13.8% | 29.9% |
资本支出强度ECLUNP
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 16.4% | ||
| Q3 25 | 6.3% | 15.2% | ||
| Q2 25 | 5.4% | 15.2% | ||
| Q1 25 | 6.4% | 15.0% | ||
| Q4 24 | 9.0% | 15.1% | ||
| Q3 24 | 5.9% | 13.6% |
现金转化率ECLUNP
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.93× | 1.20× | ||
| Q3 25 | 1.35× | 1.41× | ||
| Q2 25 | 1.34× | 1.24× | ||
| Q1 25 | 0.92× | 1.36× | ||
| Q4 24 | 1.62× | 1.51× | ||
| Q3 24 | 1.07× | 1.59× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
