vs
EDGEWELL PERSONAL CARE Co（EPC）与美世（MERC）财务数据对比。点击上方公司名可切换其他公司
美世的季度营收约是EDGEWELL PERSONAL CARE Co的1.1倍（$449.5M vs $422.8M），EDGEWELL PERSONAL CARE Co净利率更高（-15.5% vs -68.7%，领先53.1%），美世同比增速更快（-8.0% vs -11.6%），美世自由现金流更多（$32.0M vs $-137.5M），过去两年美世的营收复合增速更高（-9.9% vs -16.0%）
Edgewell个人护理是一家总部位于美国康涅狄格州谢尔顿的跨国消费品企业，主营业务聚焦个人护理产品领域。公司在2015年从劲量控股分拆后正式成立，目前在全球多个市场开展个人护理相关业务。
美世是1945年成立的美国咨询公司，为全球专业服务集团威达信的四大运营子公司之一，总部位于纽约，在43个国家设有办事处，业务覆盖130个国家，主要为客户提供人力资源与金融咨询服务。
EPC vs MERC — 直观对比
营收规模更大
MERC
是对方的1.1倍
$422.8M
营收增速更快
MERC
高出3.7%
-11.6%
净利率更高
EPC
高出53.1%
-68.7%
自由现金流更多
MERC
多$169.5M
$-137.5M
两年增速更快
MERC
近两年复合增速
-16.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $422.8M | $449.5M |
| 净利润 | $-65.7M | $-308.7M |
| 毛利率 | 38.1% | — |
| 营业利润率 | -4.5% | -62.0% |
| 净利率 | -15.5% | -68.7% |
| 营收同比 | -11.6% | -8.0% |
| 净利润同比 | -3028.6% | -1947.7% |
| 每股收益（稀释后） | $-1.41 | $-4.61 |
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EPCMERC
| Q4 25 | $422.8M | $449.5M | ||
| Q3 25 | $600.5M | $458.1M | ||
| Q2 25 | $627.2M | $453.5M | ||
| Q1 25 | $580.7M | $507.0M | ||
| Q4 24 | $415.1M | $488.4M | ||
| Q3 24 | $517.6M | $502.1M | ||
| Q2 24 | $647.8M | $499.4M | ||
| Q1 24 | $599.4M | $553.4M |
净利润EPCMERC
| Q4 25 | $-65.7M | $-308.7M | ||
| Q3 25 | $-30.6M | $-80.8M | ||
| Q2 25 | $29.1M | $-86.1M | ||
| Q1 25 | $29.0M | $-22.3M | ||
| Q4 24 | $-2.1M | $16.7M | ||
| Q3 24 | $8.8M | $-17.6M | ||
| Q2 24 | $49.0M | $-67.6M | ||
| Q1 24 | $36.0M | $-16.7M |
毛利率EPCMERC
| Q4 25 | 38.1% | — | ||
| Q3 25 | 37.9% | — | ||
| Q2 25 | 42.8% | — | ||
| Q1 25 | 44.1% | — | ||
| Q4 24 | 41.6% | — | ||
| Q3 24 | 41.1% | — | ||
| Q2 24 | 44.3% | — | ||
| Q1 24 | 43.1% | — |
营业利润率EPCMERC
| Q4 25 | -4.5% | -62.0% | ||
| Q3 25 | -4.2% | -14.8% | ||
| Q2 25 | 8.6% | -12.9% | ||
| Q1 25 | 10.1% | 1.3% | ||
| Q4 24 | 2.2% | 10.3% | ||
| Q3 24 | 3.9% | 1.8% | ||
| Q2 24 | 12.8% | -8.8% | ||
| Q1 24 | 11.7% | -0.1% |
净利率EPCMERC
| Q4 25 | -15.5% | -68.7% | ||
| Q3 25 | -5.1% | -17.6% | ||
| Q2 25 | 4.6% | -19.0% | ||
| Q1 25 | 5.0% | -4.4% | ||
| Q4 24 | -0.5% | 3.4% | ||
| Q3 24 | 1.7% | -3.5% | ||
| Q2 24 | 7.6% | -13.5% | ||
| Q1 24 | 6.0% | -3.0% |
每股收益（稀释后）EPCMERC
| Q4 25 | $-1.41 | $-4.61 | ||
| Q3 25 | $-0.65 | $-1.21 | ||
| Q2 25 | $0.62 | $-1.29 | ||
| Q1 25 | $0.60 | $-0.33 | ||
| Q4 24 | $-0.04 | $0.25 | ||
| Q3 24 | $0.18 | $-0.26 | ||
| Q2 24 | $0.98 | $-1.01 | ||
| Q1 24 | $0.72 | $-0.25 |
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 | — | $186.8M |
| 总债务越低越好 | $1.5B | $1.6B |
| 股东权益账面价值 | $1.5B | $68.1M |
| 总资产 | $3.8B | $2.0B |
| 负债/权益比越低杠杆越低 | 1.03× | 23.58× |
8季度趋势，按日历期对齐
现金及短期投资EPCMERC
| Q4 25 | — | $186.8M | ||
| Q3 25 | — | $98.1M | ||
| Q2 25 | — | $146.5M | ||
| Q1 25 | — | $181.5M | ||
| Q4 24 | — | $184.9M | ||
| Q3 24 | $209.1M | $239.0M | ||
| Q2 24 | — | $263.2M | ||
| Q1 24 | — | $274.3M |
总债务EPCMERC
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $1.4B | $1.6B |
股东权益EPCMERC
| Q4 25 | $1.5B | $68.1M | ||
| Q3 25 | $1.6B | $359.5M | ||
| Q2 25 | $1.6B | $446.5M | ||
| Q1 25 | $1.5B | $437.4M | ||
| Q4 24 | $1.5B | $429.8M | ||
| Q3 24 | $1.6B | $516.8M | ||
| Q2 24 | $1.6B | $487.7M | ||
| Q1 24 | $1.6B | $573.6M |
总资产EPCMERC
| Q4 25 | $3.8B | $2.0B | ||
| Q3 25 | $3.8B | $2.3B | ||
| Q2 25 | $3.8B | $2.4B | ||
| Q1 25 | $3.8B | $2.3B | ||
| Q4 24 | $3.7B | $2.3B | ||
| Q3 24 | $3.7B | $2.5B | ||
| Q2 24 | $3.7B | $2.5B | ||
| Q1 24 | $3.8B | $2.6B |
负债/权益比EPCMERC
| Q4 25 | 1.03× | 23.58× | ||
| Q3 25 | 0.89× | 4.30× | ||
| Q2 25 | 0.88× | 3.42× | ||
| Q1 25 | 0.95× | 3.44× | ||
| Q4 24 | 0.97× | 3.43× | ||
| Q3 24 | 0.81× | 3.09× | ||
| Q2 24 | 0.82× | 3.22× | ||
| Q1 24 | 0.88× | 2.82× |
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 | $-125.9M | $46.2M |
| 自由现金流经营现金流 - 资本支出 | $-137.5M | $32.0M |
| 自由现金流率自由现金流/营收 | -32.5% | 7.1% |
| 资本支出强度资本支出/营收 | 2.7% | 3.1% |
| 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 | $36.3M | $-80.0M |
8季度趋势，按日历期对齐
经营现金流EPCMERC
| Q4 25 | $-125.9M | $46.2M | ||
| Q3 25 | $74.1M | $-30.1M | ||
| Q2 25 | $114.8M | $-4.5M | ||
| Q1 25 | $45.1M | $-3.0M | ||
| Q4 24 | $-115.6M | $71.2M | ||
| Q3 24 | $-388.3M | $-13.9M | ||
| Q2 24 | $101.2M | $62.2M | ||
| Q1 24 | $129.0M | $-29.2M |
自由现金流EPCMERC
| Q4 25 | $-137.5M | $32.0M | ||
| Q3 25 | $46.5M | $-60.1M | ||
| Q2 25 | $99.3M | $-28.9M | ||
| Q1 25 | $28.0M | $-23.1M | ||
| Q4 24 | $-132.4M | $50.4M | ||
| Q3 24 | $-414.2M | $-41.2M | ||
| Q2 24 | $88.6M | $44.3M | ||
| Q1 24 | $117.5M | $-47.7M |
自由现金流率EPCMERC
| Q4 25 | -32.5% | 7.1% | ||
| Q3 25 | 7.7% | -13.1% | ||
| Q2 25 | 15.8% | -6.4% | ||
| Q1 25 | 4.8% | -4.6% | ||
| Q4 24 | -31.9% | 10.3% | ||
| Q3 24 | -80.0% | -8.2% | ||
| Q2 24 | 13.7% | 8.9% | ||
| Q1 24 | 19.6% | -8.6% |
资本支出强度EPCMERC
| Q4 25 | 2.7% | 3.1% | ||
| Q3 25 | 4.6% | 6.6% | ||
| Q2 25 | 2.5% | 5.4% | ||
| Q1 25 | 2.9% | 4.0% | ||
| Q4 24 | 4.0% | 4.2% | ||
| Q3 24 | 5.0% | 5.4% | ||
| Q2 24 | 1.9% | 3.6% | ||
| Q1 24 | 1.9% | 3.3% |
现金转化率EPCMERC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.95× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | — | 4.26× | ||
| Q3 24 | -44.13× | — | ||
| Q2 24 | 2.07× | — | ||
| Q1 24 | 3.58× | — |
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
EPC
| Other | $242.0M | 57% |
| Sunand Skin Care Segment | $131.5M | 31% |
| Shavinggelsandcreams | $32.3M | 8% |
| Wipes And Other Skin Care Products | $17.0M | 4% |
MERC
| Other | $215.3M | 48% |
| Solid Wood | $110.2M | 25% |
| Lumber | $54.9M | 12% |
| Pallets | $23.7M | 5% |
| Energyandchemicals | $18.7M | 4% |
| Manufactured Products | $14.1M | 3% |
| Biofuels | $10.0M | 2% |
| Wood Residuals | $2.6M | 1% |
