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FMC CORP（FMC）与Loews Corporation（L）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Loews Corporation的1.3倍（$1.1B vs $827.0M），Loews Corporation净利率更高（48.6% vs -158.8%，领先207.5%），Loews Corporation同比增速更快（4.8% vs -11.5%），FMC CORP自由现金流更多（$631.1M vs $426.0M），过去两年FMC CORP的营收复合增速更高（8.6% vs 7.9%）
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。
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
FMC vs L — 直观对比
营收规模更大
FMC
是对方的1.3倍
$827.0M
营收增速更快
L
高出16.3%
-11.5%
净利率更高
L
高出207.5%
-158.8%
自由现金流更多
FMC
多$205.1M
$426.0M
两年增速更快
FMC
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $827.0M |
| 净利润 | $-1.7B | $402.0M |
| 毛利率 | 39.8% | — |
| 营业利润率 | -130.8% | 65.4% |
| 净利率 | -158.8% | 48.6% |
| 营收同比 | -11.5% | 4.8% |
| 净利润同比 | -10457.1% | 115.0% |
| 每股收益（稀释后） | $-13.77 | $1.93 |
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FMCL
| Q4 25 | $1.1B | $827.0M | ||
| Q3 25 | $542.2M | $732.0M | ||
| Q2 25 | $1.1B | $769.0M | ||
| Q1 25 | $791.4M | $846.0M | ||
| Q4 24 | $1.2B | $789.0M | ||
| Q3 24 | $1.1B | $683.0M | ||
| Q2 24 | $1.0B | $711.0M | ||
| Q1 24 | $918.0M | $710.0M |
净利润FMCL
| Q4 25 | $-1.7B | $402.0M | ||
| Q3 25 | $-569.3M | $504.0M | ||
| Q2 25 | $66.7M | $391.0M | ||
| Q1 25 | $-15.5M | $370.0M | ||
| Q4 24 | $-16.3M | $187.0M | ||
| Q3 24 | $65.0M | $401.0M | ||
| Q2 24 | $295.1M | $369.0M | ||
| Q1 24 | $-2.7M | $457.0M |
毛利率FMCL
| 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FMCL
| Q4 25 | -130.8% | 65.4% | ||
| Q3 25 | -73.1% | 94.1% | ||
| Q2 25 | 12.0% | 70.1% | ||
| Q1 25 | 7.4% | 60.8% | ||
| Q4 24 | 19.2% | 23.8% | ||
| Q3 24 | 12.7% | 80.5% | ||
| Q2 24 | 6.0% | 71.3% | ||
| Q1 24 | 8.1% | 88.6% |
净利率FMCL
| Q4 25 | -158.8% | 48.6% | ||
| Q3 25 | -105.0% | 68.9% | ||
| Q2 25 | 6.3% | 50.8% | ||
| Q1 25 | -2.0% | 43.7% | ||
| Q4 24 | -1.3% | 23.7% | ||
| Q3 24 | 6.1% | 58.7% | ||
| Q2 24 | 28.4% | 51.9% | ||
| Q1 24 | -0.3% | 64.4% |
每股收益（稀释后）FMCL
| Q4 25 | $-13.77 | $1.93 | ||
| Q3 25 | $-4.52 | $2.43 | ||
| Q2 25 | $0.53 | $1.87 | ||
| Q1 25 | $-0.12 | $1.74 | ||
| Q4 24 | $-0.13 | $0.87 | ||
| Q3 24 | $0.52 | $1.82 | ||
| Q2 24 | $2.35 | $1.67 | ||
| Q1 24 | $-0.02 | $2.05 |
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 | $6.0B |
| 总债务越低越好 | $3.4B | $8.4B |
| 股东权益账面价值 | $2.1B | $18.7B |
| 总资产 | $9.7B | $86.3B |
| 负债/权益比越低杠杆越低 | 1.62× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资FMCL
| Q4 25 | $584.5M | $6.0B | ||
| Q3 25 | $497.7M | $5.4B | ||
| Q2 25 | $438.2M | $4.5B | ||
| Q1 25 | $315.3M | $4.4B | ||
| Q4 24 | $357.3M | $4.6B | ||
| Q3 24 | $416.7M | $5.2B | ||
| Q2 24 | $471.5M | $4.9B | ||
| Q1 24 | $417.8M | $5.4B |
总债务FMCL
| Q4 25 | $3.4B | $8.4B | ||
| Q3 25 | $3.4B | $8.4B | ||
| Q2 25 | $3.4B | $7.9B | ||
| Q1 25 | $3.1B | $8.4B | ||
| Q4 24 | $3.1B | $8.9B | ||
| Q3 24 | $3.1B | $8.8B | ||
| Q2 24 | $3.1B | $8.6B | ||
| Q1 24 | $3.1B | $8.4B |
股东权益FMCL
| Q4 25 | $2.1B | $18.7B | ||
| Q3 25 | $3.8B | $18.3B | ||
| Q2 25 | $4.4B | $17.5B | ||
| Q1 25 | $4.4B | $17.2B | ||
| Q4 24 | $4.5B | $17.1B | ||
| Q3 24 | $4.6B | $17.4B | ||
| Q2 24 | $4.6B | $16.4B | ||
| Q1 24 | $4.3B | $16.2B |
总资产FMCL
| Q4 25 | $9.7B | $86.3B | ||
| Q3 25 | $12.1B | $85.9B | ||
| Q2 25 | $12.3B | $84.7B | ||
| Q1 25 | $11.8B | $83.1B | ||
| Q4 24 | $11.7B | $81.9B | ||
| Q3 24 | $12.2B | $83.6B | ||
| Q2 24 | $12.1B | $81.1B | ||
| Q1 24 | $12.0B | $80.9B |
负债/权益比FMCL
| Q4 25 | 1.62× | 0.45× | ||
| Q3 25 | 0.89× | 0.46× | ||
| Q2 25 | 0.76× | 0.45× | ||
| Q1 25 | 0.71× | 0.49× | ||
| Q4 24 | 0.69× | 0.52× | ||
| Q3 24 | 0.68× | 0.51× | ||
| Q2 24 | 0.68× | 0.52× | ||
| Q1 24 | 0.72× | 0.52× |
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 | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $631.1M | $426.0M |
| 自由现金流率自由现金流/营收 | 58.3% | 51.5% |
| 资本支出强度资本支出/营收 | 2.4% | 23.1% |
| 现金转化率经营现金流/净利润 | — | 1.53× |
| 过去12个月自由现金流最近4个季度 | $-102.5M | $2.7B |
8季度趋势，按日历期对齐
经营现金流FMCL
| Q4 25 | $657.1M | $617.0M | ||
| Q3 25 | $-184.2M | $920.0M | ||
| Q2 25 | $65.9M | $1.0B | ||
| Q1 25 | $-545.0M | $736.0M | ||
| Q4 24 | $427.9M | $941.0M | ||
| Q3 24 | $159.5M | $934.0M | ||
| Q2 24 | $292.2M | $952.0M | ||
| Q1 24 | $-142.9M | $198.0M |
自由现金流FMCL
| Q4 25 | $631.1M | $426.0M | ||
| Q3 25 | $-207.9M | $764.0M | ||
| Q2 25 | $50.9M | $872.0M | ||
| Q1 25 | $-576.6M | $638.0M | ||
| Q4 24 | $406.3M | $767.0M | ||
| Q3 24 | $143.8M | $794.0M | ||
| Q2 24 | $282.3M | $793.0M | ||
| Q1 24 | $-163.6M | $39.0M |
自由现金流率FMCL
| Q4 25 | 58.3% | 51.5% | ||
| Q3 25 | -38.3% | 104.4% | ||
| Q2 25 | 4.8% | 113.4% | ||
| Q1 25 | -72.9% | 75.4% | ||
| Q4 24 | 33.2% | 97.2% | ||
| Q3 24 | 13.5% | 116.3% | ||
| Q2 24 | 27.2% | 111.5% | ||
| Q1 24 | -17.8% | 5.5% |
资本支出强度FMCL
| Q4 25 | 2.4% | 23.1% | ||
| Q3 25 | 4.4% | 21.3% | ||
| Q2 25 | 1.4% | 17.4% | ||
| Q1 25 | 4.0% | 11.6% | ||
| Q4 24 | 1.8% | 22.1% | ||
| Q3 24 | 1.5% | 20.5% | ||
| Q2 24 | 1.0% | 22.4% | ||
| Q1 24 | 2.3% | 22.4% |
现金转化率FMCL
| Q4 25 | — | 1.53× | ||
| Q3 25 | — | 1.83× | ||
| Q2 25 | 0.99× | 2.57× | ||
| Q1 25 | — | 1.99× | ||
| Q4 24 | — | 5.03× | ||
| Q3 24 | 2.45× | 2.33× | ||
| Q2 24 | 0.99× | 2.58× | ||
| Q1 24 | — | 0.43× |
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% |
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
