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FMC CORP（FMC）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是FMC CORP的1.6倍（$1.7B vs $1.1B），格罗方德净利率更高（14.8% vs -158.8%，领先173.6%），格罗方德同比增速更快（-2.9% vs -11.5%），过去两年FMC CORP的营收复合增速更高（8.6% vs -4.3%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
FMC vs GFS — 直观对比
营收规模更大
GFS
是对方的1.6倍
$1.1B
营收增速更快
GFS
高出8.6%
-11.5%
净利率更高
GFS
高出173.6%
-158.8%
两年增速更快
FMC
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.7B |
| 净利润 | $-1.7B | $249.0M |
| 毛利率 | 39.8% | 24.8% |
| 营业利润率 | -130.8% | 11.6% |
| 净利率 | -158.8% | 14.8% |
| 营收同比 | -11.5% | -2.9% |
| 净利润同比 | -10457.1% | 39.9% |
| 每股收益（稀释后） | $-13.77 | $0.44 |
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FMCGFS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $542.2M | $1.7B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $791.4M | $1.6B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.0B | $1.6B | ||
| Q1 24 | $918.0M | $1.5B |
净利润FMCGFS
| Q4 25 | $-1.7B | — | ||
| Q3 25 | $-569.3M | $249.0M | ||
| Q2 25 | $66.7M | $228.0M | ||
| Q1 25 | $-15.5M | $211.0M | ||
| Q4 24 | $-16.3M | — | ||
| Q3 24 | $65.0M | $178.0M | ||
| Q2 24 | $295.1M | $155.0M | ||
| Q1 24 | $-2.7M | $134.0M |
毛利率FMCGFS
| Q4 25 | 39.8% | — | ||
| Q3 25 | 23.8% | 24.8% | ||
| Q2 25 | 38.7% | 24.2% | ||
| Q1 25 | 40.0% | 22.4% | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 36.3% | 23.8% | ||
| Q2 24 | 38.3% | 24.2% | ||
| Q1 24 | 37.0% | 25.4% |
营业利润率FMCGFS
| Q4 25 | -130.8% | — | ||
| Q3 25 | -73.1% | 11.6% | ||
| Q2 25 | 12.0% | 11.6% | ||
| Q1 25 | 7.4% | 9.5% | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 12.7% | 10.6% | ||
| Q2 24 | 6.0% | 9.5% | ||
| Q1 24 | 8.1% | 9.5% |
净利率FMCGFS
| Q4 25 | -158.8% | — | ||
| Q3 25 | -105.0% | 14.8% | ||
| Q2 25 | 6.3% | 13.5% | ||
| Q1 25 | -2.0% | 13.3% | ||
| Q4 24 | -1.3% | — | ||
| Q3 24 | 6.1% | 10.2% | ||
| Q2 24 | 28.4% | 9.5% | ||
| Q1 24 | -0.3% | 8.7% |
每股收益（稀释后）FMCGFS
| Q4 25 | $-13.77 | — | ||
| Q3 25 | $-4.52 | $0.44 | ||
| Q2 25 | $0.53 | $0.41 | ||
| Q1 25 | $-0.12 | $0.38 | ||
| Q4 24 | $-0.13 | — | ||
| Q3 24 | $0.52 | $0.32 | ||
| Q2 24 | $2.35 | $0.28 | ||
| Q1 24 | $-0.02 | $0.24 |
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 | $584.5M | $2.0B |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | $2.1B | $11.8B |
| 总资产 | $9.7B | $16.7B |
| 负债/权益比越低杠杆越低 | 1.62× | — |
8季度趋势，按日历期对齐
现金及短期投资FMCGFS
| Q4 25 | $584.5M | — | ||
| Q3 25 | $497.7M | $2.0B | ||
| Q2 25 | $438.2M | $1.8B | ||
| Q1 25 | $315.3M | $1.6B | ||
| Q4 24 | $357.3M | — | ||
| Q3 24 | $416.7M | $2.3B | ||
| Q2 24 | $471.5M | $2.2B | ||
| Q1 24 | $417.8M | $2.2B |
总债务FMCGFS
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.1B | — |
股东权益FMCGFS
| Q4 25 | $2.1B | — | ||
| Q3 25 | $3.8B | $11.8B | ||
| Q2 25 | $4.4B | $11.5B | ||
| Q1 25 | $4.4B | $11.1B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.6B | $11.6B | ||
| Q2 24 | $4.6B | $11.3B | ||
| Q1 24 | $4.3B | $11.3B |
总资产FMCGFS
| Q4 25 | $9.7B | — | ||
| Q3 25 | $12.1B | $16.7B | ||
| Q2 25 | $12.3B | $16.8B | ||
| Q1 25 | $11.8B | $16.5B | ||
| Q4 24 | $11.7B | — | ||
| Q3 24 | $12.2B | $18.1B | ||
| Q2 24 | $12.1B | — | ||
| Q1 24 | $12.0B | — |
负债/权益比FMCGFS
| Q4 25 | 1.62× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 0.72× | — |
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 | $657.1M | $595.0M |
| 自由现金流经营现金流 - 资本支出 | $631.1M | — |
| 自由现金流率自由现金流/营收 | 58.3% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | — | 2.39× |
| 过去12个月自由现金流最近4个季度 | $-102.5M | — |
8季度趋势，按日历期对齐
经营现金流FMCGFS
| Q4 25 | $657.1M | — | ||
| Q3 25 | $-184.2M | $595.0M | ||
| Q2 25 | $65.9M | $431.0M | ||
| Q1 25 | $-545.0M | $331.0M | ||
| Q4 24 | $427.9M | — | ||
| Q3 24 | $159.5M | $375.0M | ||
| Q2 24 | $292.2M | $402.0M | ||
| Q1 24 | $-142.9M | $488.0M |
自由现金流FMCGFS
| Q4 25 | $631.1M | — | ||
| Q3 25 | $-207.9M | — | ||
| Q2 25 | $50.9M | — | ||
| Q1 25 | $-576.6M | — | ||
| Q4 24 | $406.3M | — | ||
| Q3 24 | $143.8M | — | ||
| Q2 24 | $282.3M | — | ||
| Q1 24 | $-163.6M | — |
自由现金流率FMCGFS
| Q4 25 | 58.3% | — | ||
| Q3 25 | -38.3% | — | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | -72.9% | — | ||
| Q4 24 | 33.2% | — | ||
| Q3 24 | 13.5% | — | ||
| Q2 24 | 27.2% | — | ||
| Q1 24 | -17.8% | — |
资本支出强度FMCGFS
| Q4 25 | 2.4% | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 2.3% | — |
现金转化率FMCGFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | 0.99× | 1.89× | ||
| Q1 25 | — | 1.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.45× | 2.11× | ||
| Q2 24 | 0.99× | 2.59× | ||
| Q1 24 | — | 3.64× |
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
FMC
| Insecticides | $440.3M | 41% |
| Herbicides | $378.8M | 35% |
| Fungicides | $140.4M | 13% |
| Plant Health | $65.6M | 6% |
| Other | $45.0M | 4% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
