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FMC CORP（FMC）与HOVNANIAN ENTERPRISES INC（HOV）财务数据对比。点击上方公司名可切换其他公司
FMC CORP的季度营收约是HOVNANIAN ENTERPRISES INC的1.3倍（$1.1B vs $817.9M），HOVNANIAN ENTERPRISES INC净利率更高（-0.1% vs -158.8%，领先158.8%），FMC CORP同比增速更快（-11.5% vs -16.5%），FMC CORP自由现金流更多（$631.1M vs $164.0M），过去两年HOVNANIAN ENTERPRISES INC的营收复合增速更高（17.3% vs 8.6%）
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。
霍夫纳尼安企业是美国知名房地产企业，业务覆盖住宅开发全流程，包含设计、建造与销售，产品线丰富，不仅开发独立独栋住宅，也开发联排别墅、公寓以及养老住宅等高密度居住物业。
FMC vs HOV — 直观对比
营收规模更大
FMC
是对方的1.3倍
$817.9M
营收增速更快
FMC
高出5.0%
-16.5%
净利率更高
HOV
高出158.8%
-158.8%
自由现金流更多
FMC
多$467.1M
$164.0M
两年增速更快
HOV
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $817.9M |
| 净利润 | $-1.7B | $-667.0K |
| 毛利率 | 39.8% | — |
| 营业利润率 | -130.8% | -0.5% |
| 净利率 | -158.8% | -0.1% |
| 营收同比 | -11.5% | -16.5% |
| 净利润同比 | -10457.1% | -100.7% |
| 每股收益（稀释后） | $-13.77 | $-0.57 |
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FMCHOV
| Q4 25 | $1.1B | $817.9M | ||
| Q3 25 | $542.2M | $800.6M | ||
| Q2 25 | $1.1B | $686.5M | ||
| Q1 25 | $791.4M | $673.6M | ||
| Q4 24 | $1.2B | $979.6M | ||
| Q3 24 | $1.1B | $722.7M | ||
| Q2 24 | $1.0B | $708.4M | ||
| Q1 24 | $918.0M | $594.2M |
净利润FMCHOV
| Q4 25 | $-1.7B | $-667.0K | ||
| Q3 25 | $-569.3M | $16.6M | ||
| Q2 25 | $66.7M | $19.7M | ||
| Q1 25 | $-15.5M | $28.2M | ||
| Q4 24 | $-16.3M | $94.3M | ||
| Q3 24 | $65.0M | $72.9M | ||
| Q2 24 | $295.1M | $50.8M | ||
| Q1 24 | $-2.7M | $23.9M |
毛利率FMCHOV
| Q4 25 | 39.8% | — | ||
| Q3 25 | 23.8% | — | ||
| Q2 25 | 38.7% | — | ||
| Q1 25 | 40.0% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 36.3% | — | ||
| Q2 24 | 38.3% | — | ||
| Q1 24 | 37.0% | — |
营业利润率FMCHOV
| Q4 25 | -130.8% | -0.5% | ||
| Q3 25 | -73.1% | 3.0% | ||
| Q2 25 | 12.0% | 3.9% | ||
| Q1 25 | 7.4% | 5.9% | ||
| Q4 24 | 19.2% | 12.0% | ||
| Q3 24 | 12.7% | 13.5% | ||
| Q2 24 | 6.0% | 9.8% | ||
| Q1 24 | 8.1% | 5.5% |
净利率FMCHOV
| Q4 25 | -158.8% | -0.1% | ||
| Q3 25 | -105.0% | 2.1% | ||
| Q2 25 | 6.3% | 2.9% | ||
| Q1 25 | -2.0% | 4.2% | ||
| Q4 24 | -1.3% | 9.6% | ||
| Q3 24 | 6.1% | 10.1% | ||
| Q2 24 | 28.4% | 7.2% | ||
| Q1 24 | -0.3% | 4.0% |
每股收益（稀释后）FMCHOV
| Q4 25 | $-13.77 | $-0.57 | ||
| Q3 25 | $-4.52 | $1.99 | ||
| Q2 25 | $0.53 | $2.43 | ||
| Q1 25 | $-0.12 | $3.58 | ||
| Q4 24 | $-0.13 | $12.47 | ||
| Q3 24 | $0.52 | $9.75 | ||
| Q2 24 | $2.35 | $6.66 | ||
| Q1 24 | $-0.02 | $2.91 |
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 | — |
| 总债务越低越好 | $3.4B | $900.7M |
| 股东权益账面价值 | $2.1B | $830.9M |
| 总资产 | $9.7B | $2.6B |
| 负债/权益比越低杠杆越低 | 1.62× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资FMCHOV
| Q4 25 | $584.5M | — | ||
| Q3 25 | $497.7M | — | ||
| Q2 25 | $438.2M | — | ||
| Q1 25 | $315.3M | — | ||
| Q4 24 | $357.3M | — | ||
| Q3 24 | $416.7M | — | ||
| Q2 24 | $471.5M | — | ||
| Q1 24 | $417.8M | — |
总债务FMCHOV
| Q4 25 | $3.4B | $900.7M | ||
| Q3 25 | $3.4B | $861.9M | ||
| Q2 25 | $3.4B | $864.3M | ||
| Q1 25 | $3.1B | $893.7M | ||
| Q4 24 | $3.1B | $896.2M | ||
| Q3 24 | $3.1B | $898.7M | ||
| Q2 24 | $3.1B | $933.0M | ||
| Q1 24 | $3.1B | $934.6M |
股东权益FMCHOV
| Q4 25 | $2.1B | $830.9M | ||
| Q3 25 | $3.8B | $835.4M | ||
| Q2 25 | $4.4B | $820.4M | ||
| Q1 25 | $4.4B | $811.4M | ||
| Q4 24 | $4.5B | $800.3M | ||
| Q3 24 | $4.6B | $703.4M | ||
| Q2 24 | $4.6B | $647.0M | ||
| Q1 24 | $4.3B | $607.1M |
总资产FMCHOV
| Q4 25 | $9.7B | $2.6B | ||
| Q3 25 | $12.1B | $2.6B | ||
| Q2 25 | $12.3B | $2.6B | ||
| Q1 25 | $11.8B | $2.5B | ||
| Q4 24 | $11.7B | $2.6B | ||
| Q3 24 | $12.2B | $2.5B | ||
| Q2 24 | $12.1B | $2.3B | ||
| Q1 24 | $12.0B | $2.3B |
负债/权益比FMCHOV
| Q4 25 | 1.62× | 1.08× | ||
| Q3 25 | 0.89× | 1.03× | ||
| Q2 25 | 0.76× | 1.05× | ||
| Q1 25 | 0.71× | 1.10× | ||
| Q4 24 | 0.69× | 1.12× | ||
| Q3 24 | 0.68× | 1.28× | ||
| Q2 24 | 0.68× | 1.44× | ||
| Q1 24 | 0.72× | 1.54× |
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 | $169.1M |
| 自由现金流经营现金流 - 资本支出 | $631.1M | $164.0M |
| 自由现金流率自由现金流/营收 | 58.3% | 20.0% |
| 资本支出强度资本支出/营收 | 2.4% | 0.6% |
| 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 | $-102.5M | $166.2M |
8季度趋势，按日历期对齐
经营现金流FMCHOV
| Q4 25 | $657.1M | $169.1M | ||
| Q3 25 | $-184.2M | $52.8M | ||
| Q2 25 | $65.9M | $22.3M | ||
| Q1 25 | $-545.0M | $-55.9M | ||
| Q4 24 | $427.9M | $115.8M | ||
| Q3 24 | $159.5M | $-92.3M | ||
| Q2 24 | $292.2M | $89.1M | ||
| Q1 24 | $-142.9M | $-89.0M |
自由现金流FMCHOV
| Q4 25 | $631.1M | $164.0M | ||
| Q3 25 | $-207.9M | $45.8M | ||
| Q2 25 | $50.9M | $16.0M | ||
| Q1 25 | $-576.6M | $-59.6M | ||
| Q4 24 | $406.3M | $111.4M | ||
| Q3 24 | $143.8M | $-95.8M | ||
| Q2 24 | $282.3M | $84.7M | ||
| Q1 24 | $-163.6M | $-94.4M |
自由现金流率FMCHOV
| Q4 25 | 58.3% | 20.0% | ||
| Q3 25 | -38.3% | 5.7% | ||
| Q2 25 | 4.8% | 2.3% | ||
| Q1 25 | -72.9% | -8.8% | ||
| Q4 24 | 33.2% | 11.4% | ||
| Q3 24 | 13.5% | -13.3% | ||
| Q2 24 | 27.2% | 12.0% | ||
| Q1 24 | -17.8% | -15.9% |
资本支出强度FMCHOV
| Q4 25 | 2.4% | 0.6% | ||
| Q3 25 | 4.4% | 0.9% | ||
| Q2 25 | 1.4% | 0.9% | ||
| Q1 25 | 4.0% | 0.5% | ||
| Q4 24 | 1.8% | 0.5% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 1.0% | 0.6% | ||
| Q1 24 | 2.3% | 0.9% |
现金转化率FMCHOV
| Q4 25 | — | — | ||
| Q3 25 | — | 3.18× | ||
| Q2 25 | 0.99× | 1.13× | ||
| Q1 25 | — | -1.98× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | 2.45× | -1.27× | ||
| Q2 24 | 0.99× | 1.75× | ||
| Q1 24 | — | -3.72× |
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% |
HOV
| Home Building | $789.8M | 97% |
| Financial Services | $28.1M | 3% |
| Management Fees | $7.1M | 1% |
