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FutureFuel Corp.（FF）与西湖化学（WLK）财务数据对比。点击上方公司名可切换其他公司
西湖化学的季度营收约是FutureFuel Corp.的127.7倍（$2.5B vs $19.8M）。西湖化学净利率更高（-21.5% vs -60.5%，领先39.1%）。西湖化学同比增速更快（-10.9% vs -67.7%）。西湖化学自由现金流更多（$-16.0M vs $-29.9M）。过去两年西湖化学的营收复合增速更高（-7.7% vs -41.7%）
FutureFuel是一家专注于化学品与生物燃料的研发生产商，业务涵盖相关产品的开发与生产，目前在纽约证券交易所挂牌上市，股票代码为FF。
西湖化学是国际知名的石化产品、聚合物及装配式建筑产品生产商与供应商，产品广泛应用于各类消费及工业市场。公司1986年由赵廷箴创立，是美国最大的低密度聚乙烯生产商，位列福布斯全球2000强，业务分为烯烃和乙烯基两大板块，具备乙烯基产品下游一体化生产能力。
FF vs WLK — 直观对比
营收规模更大
WLK
是对方的127.7倍
$19.8M
营收增速更快
WLK
高出56.8%
-67.7%
净利率更高
WLK
高出39.1%
-60.5%
自由现金流更多
WLK
多$13.9M
$-29.9M
两年增速更快
WLK
近两年复合增速
-41.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $19.8M | $2.5B |
| 净利润 | $-12.0M | $-544.0M |
| 毛利率 | -46.7% | 3.4% |
| 营业利润率 | -62.9% | -26.5% |
| 净利率 | -60.5% | -21.5% |
| 营收同比 | -67.7% | -10.9% |
| 净利润同比 | -529.4% | -7871.4% |
| 每股收益（稀释后） | $-0.28 | $-4.22 |
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FFWLK
| Q4 25 | $19.8M | $2.5B | ||
| Q3 25 | $22.7M | $2.8B | ||
| Q2 25 | $35.7M | $3.0B | ||
| Q1 25 | $17.5M | $2.8B | ||
| Q4 24 | $61.5M | $2.8B | ||
| Q3 24 | $51.1M | $3.1B | ||
| Q2 24 | $72.4M | $3.2B | ||
| Q1 24 | $58.3M | $3.0B |
净利润FFWLK
| Q4 25 | $-12.0M | $-544.0M | ||
| Q3 25 | $-9.3M | $-782.0M | ||
| Q2 25 | $-10.4M | $-142.0M | ||
| Q1 25 | $-17.6M | $-40.0M | ||
| Q4 24 | $2.8M | $7.0M | ||
| Q3 24 | $-1.2M | $108.0M | ||
| Q2 24 | $9.6M | $313.0M | ||
| Q1 24 | $4.3M | $174.0M |
毛利率FFWLK
| Q4 25 | -46.7% | 3.4% | ||
| Q3 25 | -30.1% | 8.3% | ||
| Q2 25 | -24.6% | 8.7% | ||
| Q1 25 | -83.0% | 8.2% | ||
| Q4 24 | 9.1% | 11.5% | ||
| Q3 24 | 0.7% | 16.0% | ||
| Q2 24 | 12.0% | 20.7% | ||
| Q1 24 | 8.6% | 15.7% |
营业利润率FFWLK
| Q4 25 | -62.9% | -26.5% | ||
| Q3 25 | -42.9% | -27.0% | ||
| Q2 25 | -33.4% | -3.7% | ||
| Q1 25 | -107.4% | -1.1% | ||
| Q4 24 | 2.6% | 2.3% | ||
| Q3 24 | -5.6% | 5.8% | ||
| Q2 24 | 7.5% | 12.7% | ||
| Q1 24 | 3.8% | 7.5% |
净利率FFWLK
| Q4 25 | -60.5% | -21.5% | ||
| Q3 25 | -41.1% | -27.6% | ||
| Q2 25 | -29.2% | -4.8% | ||
| Q1 25 | -100.6% | -1.4% | ||
| Q4 24 | 4.5% | 0.2% | ||
| Q3 24 | -2.3% | 3.5% | ||
| Q2 24 | 13.2% | 9.8% | ||
| Q1 24 | 7.4% | 5.8% |
每股收益（稀释后）FFWLK
| Q4 25 | $-0.28 | $-4.22 | ||
| Q3 25 | $-0.21 | $-6.06 | ||
| Q2 25 | $-0.24 | $-1.11 | ||
| Q1 25 | $-0.40 | $-0.31 | ||
| Q4 24 | $0.06 | $0.07 | ||
| Q3 24 | $-0.03 | $0.83 | ||
| Q2 24 | $0.22 | $2.40 | ||
| Q1 24 | $0.10 | $1.34 |
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 | $51.3M | $2.7B |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $154.7M | $8.8B |
| 总资产 | $192.2M | $20.0B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资FFWLK
| Q4 25 | $51.3M | $2.7B | ||
| Q3 25 | $85.6M | $1.9B | ||
| Q2 25 | $95.2M | $2.1B | ||
| Q1 25 | $97.1M | $2.3B | ||
| Q4 24 | $109.5M | $2.9B | ||
| Q3 24 | $133.4M | $2.9B | ||
| Q2 24 | $115.1M | $3.0B | ||
| Q1 24 | $201.1M | $3.1B |
总债务FFWLK
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.9B |
股东权益FFWLK
| Q4 25 | $154.7M | $8.8B | ||
| Q3 25 | $169.1M | $9.4B | ||
| Q2 25 | $178.2M | $10.3B | ||
| Q1 25 | $188.4M | $10.4B | ||
| Q4 24 | $205.8M | $10.5B | ||
| Q3 24 | $213.3M | $10.7B | ||
| Q2 24 | $214.4M | $10.6B | ||
| Q1 24 | $204.8M | $10.3B |
总资产FFWLK
| Q4 25 | $192.2M | $20.0B | ||
| Q3 25 | $203.5M | $19.8B | ||
| Q2 25 | $218.2M | $20.8B | ||
| Q1 25 | $227.7M | $20.7B | ||
| Q4 24 | $247.7M | $20.8B | ||
| Q3 24 | $256.5M | $21.1B | ||
| Q2 24 | $261.2M | $21.1B | ||
| Q1 24 | $365.4M | $21.0B |
负债/权益比FFWLK
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.47× |
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 | $-27.4M | $225.0M |
| 自由现金流经营现金流 - 资本支出 | $-29.9M | $-16.0M |
| 自由现金流率自由现金流/营收 | -150.5% | -0.6% |
| 资本支出强度资本支出/营收 | 12.2% | 9.5% |
| 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 | $-46.0M | $-530.0M |
8季度趋势，按日历期对齐
经营现金流FFWLK
| Q4 25 | $-27.4M | $225.0M | ||
| Q3 25 | $-1.1M | $182.0M | ||
| Q2 25 | $5.2M | $135.0M | ||
| Q1 25 | $-5.4M | $-77.0M | ||
| Q4 24 | $-16.6M | $434.0M | ||
| Q3 24 | $25.8M | $474.0M | ||
| Q2 24 | $27.8M | $237.0M | ||
| Q1 24 | $-12.2M | $169.0M |
自由现金流FFWLK
| Q4 25 | $-29.9M | $-16.0M | ||
| Q3 25 | $-6.5M | $-57.0M | ||
| Q2 25 | $-263.0K | $-132.0M | ||
| Q1 25 | $-9.4M | $-325.0M | ||
| Q4 24 | $-20.7M | $149.0M | ||
| Q3 24 | $20.5M | $254.0M | ||
| Q2 24 | $24.8M | $6.0M | ||
| Q1 24 | $-14.5M | $-103.0M |
自由现金流率FFWLK
| Q4 25 | -150.5% | -0.6% | ||
| Q3 25 | -28.5% | -2.0% | ||
| Q2 25 | -0.7% | -4.5% | ||
| Q1 25 | -53.6% | -11.4% | ||
| Q4 24 | -33.6% | 5.2% | ||
| Q3 24 | 40.1% | 8.1% | ||
| Q2 24 | 34.3% | 0.2% | ||
| Q1 24 | -24.9% | -3.5% |
资本支出强度FFWLK
| Q4 25 | 12.2% | 9.5% | ||
| Q3 25 | 23.5% | 8.4% | ||
| Q2 25 | 15.3% | 9.0% | ||
| Q1 25 | 22.8% | 8.7% | ||
| Q4 24 | 6.6% | 10.0% | ||
| Q3 24 | 10.4% | 7.1% | ||
| Q2 24 | 4.1% | 7.2% | ||
| Q1 24 | 3.9% | 9.1% |
现金转化率FFWLK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.94× | 62.00× | ||
| Q3 24 | — | 4.39× | ||
| Q2 24 | 2.90× | 0.76× | ||
| Q1 24 | -2.82× | 0.97× |
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
FF
| Chemicals | $18.0M | 91% |
| Biofuels | $1.8M | 9% |
WLK
| Performance Materials | $930.0M | 37% |
| Housing Products | $767.0M | 30% |
| Essential Materials | $702.0M | 28% |
| Infrastructure Products | $134.0M | 5% |
