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礼蓝动物保健（ELAN）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是礼蓝动物保健的1.4倍（$1.6B vs $1.1B），Primo Brands Corp净利率更高（-0.8% vs -24.1%，领先23.3%），Primo Brands Corp自由现金流更多（$57.3M vs $46.0M）
礼蓝动物保健是一家美国动物保健制药企业，专注于生产宠物及家畜用药品与疫苗。该公司原为礼来公司旗下子公司，2019年完成分拆独立，目前是全球第三大动物保健企业。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
ELAN vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.4倍
$1.1B
净利率更高
PRMB
高出23.3%
-24.1%
自由现金流更多
PRMB
多$11.3M
$46.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.6B |
| 净利润 | $-276.0M | $-13.0M |
| 毛利率 | 51.5% | 27.7% |
| 营业利润率 | -22.6% | 1.2% |
| 净利率 | -24.1% | -0.8% |
| 营收同比 | 12.2% | — |
| 净利润同比 | -3350.0% | — |
| 每股收益（稀释后） | $-0.55 | $-0.03 |
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ELANPRMB
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | $0 | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $1.1B |
净利润ELANPRMB
| Q4 25 | $-276.0M | $-13.0M | ||
| Q3 25 | $-34.0M | $16.8M | ||
| Q2 25 | $11.0M | $27.6M | ||
| Q1 25 | $67.0M | $28.7M | ||
| Q4 24 | $-8.0M | — | ||
| Q3 24 | $364.0M | $-2.0K | ||
| Q2 24 | $-50.0M | $54.5M | ||
| Q1 24 | $32.0M | $33.5M |
毛利率ELANPRMB
| Q4 25 | 51.5% | 27.7% | ||
| Q3 25 | 53.4% | 29.9% | ||
| Q2 25 | 57.5% | 31.3% | ||
| Q1 25 | 57.3% | 32.3% | ||
| Q4 24 | 50.9% | — | ||
| Q3 24 | 52.2% | — | ||
| Q2 24 | 58.2% | 32.7% | ||
| Q1 24 | 57.3% | 30.4% |
营业利润率ELANPRMB
| Q4 25 | -22.6% | 1.2% | ||
| Q3 25 | -4.4% | 8.3% | ||
| Q2 25 | 2.0% | 6.5% | ||
| Q1 25 | 5.0% | 9.5% | ||
| Q4 24 | -5.0% | — | ||
| Q3 24 | 54.3% | — | ||
| Q2 24 | -2.7% | 12.1% | ||
| Q1 24 | 1.0% | 11.0% |
净利率ELANPRMB
| Q4 25 | -24.1% | -0.8% | ||
| Q3 25 | -3.0% | 1.0% | ||
| Q2 25 | 0.9% | 1.6% | ||
| Q1 25 | 5.6% | 1.8% | ||
| Q4 24 | -0.8% | — | ||
| Q3 24 | 35.3% | — | ||
| Q2 24 | -4.2% | 4.1% | ||
| Q1 24 | 2.7% | 2.9% |
每股收益（稀释后）ELANPRMB
| Q4 25 | $-0.55 | $-0.03 | ||
| Q3 25 | $-0.07 | $0.04 | ||
| Q2 25 | $0.02 | $0.07 | ||
| Q1 25 | $0.13 | $0.08 | ||
| Q4 24 | $-0.01 | — | ||
| Q3 24 | $0.73 | $-20.00 | ||
| Q2 24 | $-0.10 | $0.25 | ||
| Q1 24 | $0.06 | $0.15 |
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 | $545.0M | $376.7M |
| 总债务越低越好 | $3.9B | $5.2B |
| 股东权益账面价值 | $6.5B | $3.0B |
| 总资产 | $13.4B | $10.6B |
| 负债/权益比越低杠杆越低 | 0.60× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资ELANPRMB
| Q4 25 | $545.0M | $376.7M | ||
| Q3 25 | $505.0M | — | ||
| Q2 25 | $539.0M | — | ||
| Q1 25 | $487.0M | — | ||
| Q4 24 | $468.0M | — | ||
| Q3 24 | $490.0M | — | ||
| Q2 24 | $416.0M | — | ||
| Q1 24 | $345.0M | — |
总债务ELANPRMB
| Q4 25 | $3.9B | $5.2B | ||
| Q3 25 | $4.0B | $5.1B | ||
| Q2 25 | $4.1B | $5.1B | ||
| Q1 25 | $4.4B | $5.0B | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.8B | — |
股东权益ELANPRMB
| Q4 25 | $6.5B | $3.0B | ||
| Q3 25 | $6.7B | $3.2B | ||
| Q2 25 | $6.8B | $3.2B | ||
| Q1 25 | $6.4B | $3.3B | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $6.5B | $-2.0K | ||
| Q2 24 | $5.9B | $-296.8M | ||
| Q1 24 | $6.1B | $-349.8M |
总资产ELANPRMB
| Q4 25 | $13.4B | $10.6B | ||
| Q3 25 | $13.6B | $11.0B | ||
| Q2 25 | $13.7B | $11.0B | ||
| Q1 25 | $12.9B | $11.0B | ||
| Q4 24 | $12.6B | — | ||
| Q3 24 | $13.3B | $0 | ||
| Q2 24 | $13.8B | — | ||
| Q1 24 | $14.0B | — |
负债/权益比ELANPRMB
| Q4 25 | 0.60× | 1.72× | ||
| Q3 25 | 0.59× | 1.61× | ||
| Q2 25 | 0.61× | 1.57× | ||
| Q1 25 | 0.69× | 1.51× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.96× | — | ||
| Q1 24 | 0.95× | — |
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 | $108.0M | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $46.0M | $57.3M |
| 自由现金流率自由现金流/营收 | 4.0% | 3.7% |
| 资本支出强度资本支出/营收 | 5.4% | 9.4% |
| 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 | $284.0M | $302.9M |
8季度趋势，按日历期对齐
经营现金流ELANPRMB
| Q4 25 | $108.0M | $203.1M | ||
| Q3 25 | $219.0M | $283.4M | ||
| Q2 25 | $237.0M | $155.0M | ||
| Q1 25 | $-4.0M | $38.8M | ||
| Q4 24 | $177.0M | — | ||
| Q3 24 | $162.0M | $0 | ||
| Q2 24 | $200.0M | $102.5M | ||
| Q1 24 | $2.0M | $6.0M |
自由现金流ELANPRMB
| Q4 25 | $46.0M | $57.3M | ||
| Q3 25 | $127.0M | $167.7M | ||
| Q2 25 | $180.0M | $101.1M | ||
| Q1 25 | $-69.0M | $-23.2M | ||
| Q4 24 | $130.0M | — | ||
| Q3 24 | $120.0M | — | ||
| Q2 24 | $166.0M | $61.4M | ||
| Q1 24 | $-22.0M | $-17.5M |
自由现金流率ELANPRMB
| Q4 25 | 4.0% | 3.7% | ||
| Q3 25 | 11.2% | 9.5% | ||
| Q2 25 | 14.5% | 5.8% | ||
| Q1 25 | -5.8% | -1.4% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 14.0% | 4.7% | ||
| Q1 24 | -1.8% | -1.5% |
资本支出强度ELANPRMB
| Q4 25 | 5.4% | 9.4% | ||
| Q3 25 | 8.1% | 6.6% | ||
| Q2 25 | 4.6% | 3.1% | ||
| Q1 25 | 5.4% | 3.8% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 2.9% | 3.1% | ||
| Q1 24 | 2.0% | 2.1% |
现金转化率ELANPRMB
| Q4 25 | — | — | ||
| Q3 25 | — | 16.87× | ||
| Q2 25 | 21.55× | 5.62× | ||
| Q1 25 | -0.06× | 1.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | — | 1.88× | ||
| Q1 24 | 0.06× | 0.18× |
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
ELAN
| Pet Health | $489.0M | 43% |
| Cattle | $296.0M | 26% |
| Poultry | $237.0M | 21% |
| Swine | $107.0M | 9% |
| Contract Manufacturing | $15.0M | 1% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
