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伊士曼化工（EMN）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
伊士曼化工的季度营收约是北极星的1.2倍（$2.0B vs $1.7B），伊士曼化工净利率更高（5.3% vs -2.8%，领先8.2%），北极星同比增速更快（8.0% vs -13.8%），过去两年北极星的营收复合增速更高（-8.0% vs -8.6%）
伊士曼化工是总部位于美国田纳西州金斯波特的全球特种材料企业，前身为柯达子公司，1920年成立，1994年独立运营。公司在全球拥有36个生产基地、约1.4万名员工，生产各类先进材料、化学品和纤维产品，广泛应用于日常生活领域，2023年销售额约92.1亿美元。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
EMN vs PII — 直观对比
营收规模更大
EMN
是对方的1.2倍
$1.7B
营收增速更快
PII
高出21.8%
-13.8%
净利率更高
EMN
高出8.2%
-2.8%
两年增速更快
PII
近两年复合增速
-8.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.7B |
| 净利润 | $105.0M | $-47.2M |
| 毛利率 | 17.1% | 20.2% |
| 营业利润率 | — | — |
| 净利率 | 5.3% | -2.8% |
| 营收同比 | -13.8% | 8.0% |
| 净利润同比 | -42.3% | 29.2% |
| 每股收益（稀释后） | $0.93 | $-0.83 |
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EMNPII
| Q1 26 | $2.0B | $1.7B | ||
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.3B | $1.9B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $2.5B | $1.7B | ||
| Q2 24 | $2.4B | $2.0B |
净利润EMNPII
| Q1 26 | $105.0M | $-47.2M | ||
| Q4 25 | $105.0M | $-303.6M | ||
| Q3 25 | $47.0M | $-15.8M | ||
| Q2 25 | $140.0M | $-79.3M | ||
| Q1 25 | $182.0M | $-66.8M | ||
| Q4 24 | $330.0M | $10.6M | ||
| Q3 24 | $180.0M | $27.7M | ||
| Q2 24 | $230.0M | $68.7M |
毛利率EMNPII
| Q1 26 | 17.1% | 20.2% | ||
| Q4 25 | 17.1% | 20.0% | ||
| Q3 25 | 19.7% | 20.7% | ||
| Q2 25 | 22.1% | 19.4% | ||
| Q1 25 | 24.8% | 16.0% | ||
| Q4 24 | 24.7% | 20.4% | ||
| Q3 24 | 24.6% | 20.6% | ||
| Q2 24 | 25.3% | 21.6% |
营业利润率EMNPII
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | -16.7% | ||
| Q3 25 | 6.1% | 1.1% | ||
| Q2 25 | 7.4% | -0.7% | ||
| Q1 25 | 11.0% | -2.4% | ||
| Q4 24 | 13.2% | 3.7% | ||
| Q3 24 | 11.4% | 3.8% | ||
| Q2 24 | 12.1% | 6.1% |
净利率EMNPII
| Q1 26 | 5.3% | -2.8% | ||
| Q4 25 | 5.3% | -15.8% | ||
| Q3 25 | 2.1% | -0.9% | ||
| Q2 25 | 6.1% | -4.3% | ||
| Q1 25 | 7.9% | -4.3% | ||
| Q4 24 | 14.7% | 0.6% | ||
| Q3 24 | 7.3% | 1.6% | ||
| Q2 24 | 9.7% | 3.5% |
每股收益（稀释后）EMNPII
| Q1 26 | $0.93 | $-0.83 | ||
| Q4 25 | $0.93 | $-5.34 | ||
| Q3 25 | $0.40 | $-0.28 | ||
| Q2 25 | $1.20 | $-1.39 | ||
| Q1 25 | $1.57 | $-1.17 | ||
| Q4 24 | $2.81 | $0.18 | ||
| Q3 24 | $1.53 | $0.49 | ||
| Q2 24 | $1.94 | $1.21 |
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 | $566.0M | $282.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.0B | $750.4M |
| 总资产 | $14.9B | $5.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资EMNPII
| Q1 26 | $566.0M | $282.0M | ||
| Q4 25 | $566.0M | $138.0M | ||
| Q3 25 | — | $335.5M | ||
| Q2 25 | — | $324.3M | ||
| Q1 25 | — | $291.7M | ||
| Q4 24 | $837.0M | $287.8M | ||
| Q3 24 | — | $291.3M | ||
| Q2 24 | — | $322.7M |
总债务EMNPII
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益EMNPII
| Q1 26 | $6.0B | $750.4M | ||
| Q4 25 | $6.0B | $828.4M | ||
| Q3 25 | $5.8B | $1.1B | ||
| Q2 25 | $5.8B | $1.2B | ||
| Q1 25 | $5.9B | $1.2B | ||
| Q4 24 | $5.8B | $1.3B | ||
| Q3 24 | $5.7B | $1.3B | ||
| Q2 24 | $5.6B | $1.3B |
总资产EMNPII
| Q1 26 | $14.9B | $5.2B | ||
| Q4 25 | $14.9B | $4.9B | ||
| Q3 25 | $15.0B | $5.3B | ||
| Q2 25 | $15.2B | $5.4B | ||
| Q1 25 | $15.0B | $5.5B | ||
| Q4 24 | $15.2B | $5.5B | ||
| Q3 24 | $15.1B | $5.6B | ||
| Q2 24 | $14.9B | $5.7B |
负债/权益比EMNPII
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | — | $-342.5M |
| 自由现金流率自由现金流/营收 | — | -20.6% |
| 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 | — | $168.0M |
8季度趋势，按日历期对齐
经营现金流EMNPII
| Q1 26 | — | — | ||
| Q4 25 | $502.0M | $178.7M | ||
| Q3 25 | $402.0M | $158.8M | ||
| Q2 25 | $233.0M | $320.3M | ||
| Q1 25 | $-167.0M | $83.2M | ||
| Q4 24 | $540.0M | $206.3M | ||
| Q3 24 | $396.0M | $21.0M | ||
| Q2 24 | $367.0M | $146.3M |
自由现金流EMNPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $390.0M | $114.0M | ||
| Q3 25 | $265.0M | $116.7M | ||
| Q2 25 | $83.0M | $279.8M | ||
| Q1 25 | $-314.0M | $47.6M | ||
| Q4 24 | $361.0M | $137.3M | ||
| Q3 24 | $276.0M | $-32.4M | ||
| Q2 24 | $252.0M | $79.1M |
自由现金流率EMNPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | 19.8% | 5.9% | ||
| Q3 25 | 12.0% | 6.3% | ||
| Q2 25 | 3.6% | 15.1% | ||
| Q1 25 | -13.7% | 3.1% | ||
| Q4 24 | 16.1% | 7.8% | ||
| Q3 24 | 11.2% | -1.9% | ||
| Q2 24 | 10.7% | 4.0% |
资本支出强度EMNPII
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 3.4% | ||
| Q3 25 | 6.2% | 2.3% | ||
| Q2 25 | 6.6% | 2.2% | ||
| Q1 25 | 6.4% | 2.3% | ||
| Q4 24 | 8.0% | 3.9% | ||
| Q3 24 | 4.9% | 3.1% | ||
| Q2 24 | 4.9% | 3.4% |
现金转化率EMNPII
| Q1 26 | — | — | ||
| Q4 25 | 4.78× | — | ||
| Q3 25 | 8.55× | — | ||
| Q2 25 | 1.66× | — | ||
| Q1 25 | -0.92× | — | ||
| Q4 24 | 1.64× | 19.46× | ||
| Q3 24 | 2.20× | 0.76× | ||
| Q2 24 | 1.60× | 2.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
