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雅诗兰黛（EL）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
雅诗兰黛的季度营收约是欧文斯科宁的2.0倍（$4.2B vs $2.1B），雅诗兰黛净利率更高（3.8% vs -13.9%，领先17.7%），雅诗兰黛同比增速更快（5.6% vs -24.6%），雅诗兰黛自由现金流更多（$1.0B vs $333.0M），过去两年雅诗兰黛的营收复合增速更高（3.6% vs -3.5%）
雅诗兰黛是全球知名的高端美妆集团，由创始人雅诗·兰黛女士与丈夫约瑟夫·劳特共同创立。雅诗·兰黛女士也是唯一一位登上《时代》杂志1998年“20世纪20位最具影响力商业天才”榜单的女性，集团旗下拥有多个知名美妆、护肤、香氛品牌，业务覆盖全球众多国家和地区。
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。
EL vs OC — 直观对比
营收规模更大
EL
是对方的2.0倍
$2.1B
营收增速更快
EL
高出30.2%
-24.6%
净利率更高
EL
高出17.7%
-13.9%
自由现金流更多
EL
多$684.0M
$333.0M
两年增速更快
EL
近两年复合增速
-3.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.1B |
| 净利润 | $162.0M | $-298.0M |
| 毛利率 | 76.5% | 23.2% |
| 营业利润率 | 9.5% | -10.5% |
| 净利率 | 3.8% | -13.9% |
| 营收同比 | 5.6% | -24.6% |
| 净利润同比 | 127.5% | -15.5% |
| 每股收益（稀释后） | $0.44 | $-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ELOC
| Q4 25 | $4.2B | $2.1B | ||
| Q3 25 | $3.5B | $2.7B | ||
| Q2 25 | $3.4B | $2.7B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $4.0B | $2.8B | ||
| Q3 24 | $3.4B | $3.0B | ||
| Q2 24 | $3.9B | $2.8B | ||
| Q1 24 | $3.9B | $2.3B |
净利润ELOC
| Q4 25 | $162.0M | $-298.0M | ||
| Q3 25 | $47.0M | $-494.0M | ||
| Q2 25 | $-546.0M | $363.0M | ||
| Q1 25 | $159.0M | $-93.0M | ||
| Q4 24 | $-590.0M | $-258.0M | ||
| Q3 24 | $-156.0M | $321.0M | ||
| Q2 24 | $-286.0M | $285.0M | ||
| Q1 24 | $335.0M | $299.0M |
毛利率ELOC
| Q4 25 | 76.5% | 23.2% | ||
| Q3 25 | 73.4% | 28.2% | ||
| Q2 25 | 72.0% | 31.2% | ||
| Q1 25 | 75.0% | 28.7% | ||
| Q4 24 | 76.1% | 28.1% | ||
| Q3 24 | 72.4% | 29.8% | ||
| Q2 24 | 71.8% | 31.1% | ||
| Q1 24 | 71.9% | 29.6% |
营业利润率ELOC
| Q4 25 | 9.5% | -10.5% | ||
| Q3 25 | 4.9% | -12.2% | ||
| Q2 25 | -11.4% | 18.4% | ||
| Q1 25 | 8.6% | 16.1% | ||
| Q4 24 | -14.5% | -8.5% | ||
| Q3 24 | -3.6% | 16.7% | ||
| Q2 24 | -6.0% | 16.4% | ||
| Q1 24 | 13.5% | 17.5% |
净利率ELOC
| Q4 25 | 3.8% | -13.9% | ||
| Q3 25 | 1.4% | -18.4% | ||
| Q2 25 | -16.0% | 13.2% | ||
| Q1 25 | 4.5% | -3.7% | ||
| Q4 24 | -14.7% | -9.1% | ||
| Q3 24 | -4.6% | 10.5% | ||
| Q2 24 | -7.4% | 10.2% | ||
| Q1 24 | 8.5% | 13.0% |
每股收益（稀释后）ELOC
| Q4 25 | $0.44 | $-3.47 | ||
| Q3 25 | $0.13 | $-5.92 | ||
| Q2 25 | $-1.52 | $4.25 | ||
| Q1 25 | $0.44 | $-1.08 | ||
| Q4 24 | $-1.64 | $-2.92 | ||
| Q3 24 | $-0.43 | $3.65 | ||
| Q2 24 | $-0.79 | $3.24 | ||
| Q1 24 | $0.91 | $3.40 |
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 | — | $345.0M |
| 总债务越低越好 | $7.3B | $4.7B |
| 股东权益账面价值 | $4.0B | $3.9B |
| 总资产 | $19.6B | $13.0B |
| 负债/权益比越低杠杆越低 | 1.82× | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资ELOC
| Q4 25 | — | $345.0M | ||
| Q3 25 | — | $286.0M | ||
| Q2 25 | — | $230.0M | ||
| Q1 25 | — | $400.0M | ||
| Q4 24 | — | $361.0M | ||
| Q3 24 | — | $499.0M | ||
| Q2 24 | — | $254.0M | ||
| Q1 24 | — | $1.3B |
总债务ELOC
| Q4 25 | $7.3B | $4.7B | ||
| Q3 25 | $7.3B | $4.7B | ||
| Q2 25 | $7.3B | $5.1B | ||
| Q1 25 | $7.3B | $5.0B | ||
| Q4 24 | $7.3B | $5.1B | ||
| Q3 24 | $7.3B | $5.0B | ||
| Q2 24 | $7.3B | $5.0B | ||
| Q1 24 | $7.3B | $2.6B |
股东权益ELOC
| Q4 25 | $4.0B | $3.9B | ||
| Q3 25 | $3.9B | $4.4B | ||
| Q2 25 | $3.9B | $5.2B | ||
| Q1 25 | $4.3B | $4.9B | ||
| Q4 24 | $4.2B | $5.1B | ||
| Q3 24 | $5.1B | $5.6B | ||
| Q2 24 | $5.3B | $5.5B | ||
| Q1 24 | $5.7B | $5.2B |
总资产ELOC
| Q4 25 | $19.6B | $13.0B | ||
| Q3 25 | $19.3B | $13.5B | ||
| Q2 25 | $19.9B | $14.5B | ||
| Q1 25 | $19.9B | $14.3B | ||
| Q4 24 | $19.8B | $14.1B | ||
| Q3 24 | $21.3B | $15.1B | ||
| Q2 24 | $21.7B | $15.0B | ||
| Q1 24 | $22.7B | $11.3B |
负债/权益比ELOC
| Q4 25 | 1.82× | 1.22× | ||
| Q3 25 | 1.88× | 1.06× | ||
| Q2 25 | 1.89× | 0.98× | ||
| Q1 25 | 1.68× | 1.03× | ||
| Q4 24 | 1.75× | 1.01× | ||
| Q3 24 | 1.44× | 0.89× | ||
| Q2 24 | 1.37× | 0.92× | ||
| Q1 24 | 1.26× | 0.51× |
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 | $1.1B | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $333.0M |
| 自由现金流率自由现金流/营收 | 24.0% | 15.5% |
| 资本支出强度资本支出/营收 | 2.6% | 12.0% |
| 现金转化率经营现金流/净利润 | 6.94× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | $962.0M |
8季度趋势，按日历期对齐
经营现金流ELOC
| Q4 25 | $1.1B | $590.0M | ||
| Q3 25 | $-340.0M | $918.0M | ||
| Q2 25 | $601.0M | $327.0M | ||
| Q1 25 | $284.0M | $-49.0M | ||
| Q4 24 | $1.1B | $676.0M | ||
| Q3 24 | $-670.0M | $699.0M | ||
| Q2 24 | $889.0M | $493.0M | ||
| Q1 24 | $534.0M | $24.0M |
自由现金流ELOC
| Q4 25 | $1.0B | $333.0M | ||
| Q3 25 | $-436.0M | $752.0M | ||
| Q2 25 | $394.0M | $129.0M | ||
| Q1 25 | $162.0M | $-252.0M | ||
| Q4 24 | $925.0M | $479.0M | ||
| Q3 24 | $-811.0M | $558.0M | ||
| Q2 24 | $672.0M | $336.0M | ||
| Q1 24 | $359.0M | $-128.0M |
自由现金流率ELOC
| Q4 25 | 24.0% | 15.5% | ||
| Q3 25 | -12.5% | 28.0% | ||
| Q2 25 | 11.6% | 4.7% | ||
| Q1 25 | 4.6% | -10.0% | ||
| Q4 24 | 23.1% | 16.9% | ||
| Q3 24 | -24.1% | 18.3% | ||
| Q2 24 | 17.4% | 12.0% | ||
| Q1 24 | 9.1% | -5.6% |
资本支出强度ELOC
| Q4 25 | 2.6% | 12.0% | ||
| Q3 25 | 2.8% | 6.2% | ||
| Q2 25 | 6.1% | 7.2% | ||
| Q1 25 | 3.4% | 8.0% | ||
| Q4 24 | 3.3% | 6.9% | ||
| Q3 24 | 4.2% | 4.6% | ||
| Q2 24 | 5.6% | 5.6% | ||
| Q1 24 | 4.4% | 6.6% |
现金转化率ELOC
| Q4 25 | 6.94× | — | ||
| Q3 25 | -7.23× | — | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | 1.79× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | 1.59× | 0.08× |
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
EL
| Skin Care | $2.1B | 49% |
| Makeup | $1.2B | 28% |
| Fragrance | $812.0M | 19% |
| Hair Care | $168.0M | 4% |
| Other | $31.0M | 1% |
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% |
