vs
FMC CORP（FMC）与滨特尔（PNR）财务数据对比。点击上方公司名可切换其他公司
FMC CORP的季度营收约是滨特尔的1.0倍（$1.1B vs $1.0B），滨特尔净利率更高（16.6% vs -158.8%，领先175.5%），滨特尔同比增速更快（2.6% vs -11.5%），FMC CORP自由现金流更多（$631.1M vs $-85.7M），过去两年FMC CORP的营收复合增速更高（8.6% vs -2.9%）
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。
滨特尔（股票代码PNR）是知名水处理企业，注册地位于爱尔兰，税务居民身份归属英国，美国区总部设于明尼苏达州金谷市。品牌起源于美国，2017年数据显示其65%的营收来自美国和加拿大，2014年集团完成架构重组，注册地由瑞士变更为爱尔兰。
FMC vs PNR — 直观对比
营收规模更大
FMC
是对方的1.0倍
$1.0B
营收增速更快
PNR
高出14.1%
-11.5%
净利率更高
PNR
高出175.5%
-158.8%
自由现金流更多
FMC
多$716.8M
$-85.7M
两年增速更快
FMC
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $-1.7B | $172.4M |
| 毛利率 | 39.8% | 41.8% |
| 营业利润率 | -130.8% | 20.3% |
| 净利率 | -158.8% | 16.6% |
| 营收同比 | -11.5% | 2.6% |
| 净利润同比 | -10457.1% | 11.3% |
| 每股收益（稀释后） | $-13.77 | — |
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FMCPNR
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $542.2M | $1.0B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $791.4M | $1.0B | ||
| Q4 24 | $1.2B | $972.9M | ||
| Q3 24 | $1.1B | $993.4M | ||
| Q2 24 | $1.0B | $1.1B |
净利润FMCPNR
| Q1 26 | — | $172.4M | ||
| Q4 25 | $-1.7B | $166.1M | ||
| Q3 25 | $-569.3M | $184.3M | ||
| Q2 25 | $66.7M | $148.5M | ||
| Q1 25 | $-15.5M | $154.9M | ||
| Q4 24 | $-16.3M | $166.4M | ||
| Q3 24 | $65.0M | $139.6M | ||
| Q2 24 | $295.1M | $186.1M |
毛利率FMCPNR
| Q1 26 | — | 41.8% | ||
| Q4 25 | 39.8% | 40.4% | ||
| Q3 25 | 23.8% | 41.0% | ||
| Q2 25 | 38.7% | 40.7% | ||
| Q1 25 | 40.0% | 39.9% | ||
| Q4 24 | 42.9% | 38.8% | ||
| Q3 24 | 36.3% | 39.6% | ||
| Q2 24 | 38.3% | 39.8% |
营业利润率FMCPNR
| Q1 26 | — | 20.3% | ||
| Q4 25 | -130.8% | 20.1% | ||
| Q3 25 | -73.1% | 22.7% | ||
| Q2 25 | 12.0% | 19.4% | ||
| Q1 25 | 7.4% | 20.1% | ||
| Q4 24 | 19.2% | 20.1% | ||
| Q3 24 | 12.7% | 18.1% | ||
| Q2 24 | 6.0% | 22.6% |
净利率FMCPNR
| Q1 26 | — | 16.6% | ||
| Q4 25 | -158.8% | 16.3% | ||
| Q3 25 | -105.0% | 18.0% | ||
| Q2 25 | 6.3% | 13.2% | ||
| Q1 25 | -2.0% | 15.3% | ||
| Q4 24 | -1.3% | 17.1% | ||
| Q3 24 | 6.1% | 14.1% | ||
| Q2 24 | 28.4% | 16.9% |
每股收益（稀释后）FMCPNR
| Q1 26 | — | — | ||
| Q4 25 | $-13.77 | $1.01 | ||
| Q3 25 | $-4.52 | $1.12 | ||
| Q2 25 | $0.53 | $0.90 | ||
| Q1 25 | $-0.12 | $0.93 | ||
| Q4 24 | $-0.13 | $0.99 | ||
| Q3 24 | $0.52 | $0.84 | ||
| Q2 24 | $2.35 | $1.11 |
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 | $67.7M |
| 总债务越低越好 | $3.4B | $1.9B |
| 股东权益账面价值 | $2.1B | $3.8B |
| 总资产 | $9.7B | $7.1B |
| 负债/权益比越低杠杆越低 | 1.62× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资FMCPNR
| Q1 26 | — | $67.7M | ||
| Q4 25 | $584.5M | — | ||
| Q3 25 | $497.7M | $128.4M | ||
| Q2 25 | $438.2M | $143.0M | ||
| Q1 25 | $315.3M | $140.6M | ||
| Q4 24 | $357.3M | $118.7M | ||
| Q3 24 | $416.7M | $218.1M | ||
| Q2 24 | $471.5M | $214.3M |
总债务FMCPNR
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.4B | $1.6B | ||
| Q3 25 | $3.4B | $1.6B | ||
| Q2 25 | $3.4B | $1.4B | ||
| Q1 25 | $3.1B | $1.8B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | $1.8B |
股东权益FMCPNR
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.1B | $3.9B | ||
| Q3 25 | $3.8B | $3.8B | ||
| Q2 25 | $4.4B | $3.7B | ||
| Q1 25 | $4.4B | $3.6B | ||
| Q4 24 | $4.5B | $3.6B | ||
| Q3 24 | $4.6B | $3.5B | ||
| Q2 24 | $4.6B | $3.4B |
总资产FMCPNR
| Q1 26 | — | $7.1B | ||
| Q4 25 | $9.7B | $6.9B | ||
| Q3 25 | $12.1B | $6.8B | ||
| Q2 25 | $12.3B | $6.5B | ||
| Q1 25 | $11.8B | $6.7B | ||
| Q4 24 | $11.7B | $6.4B | ||
| Q3 24 | $12.2B | $6.5B | ||
| Q2 24 | $12.1B | $6.5B |
负债/权益比FMCPNR
| Q1 26 | — | 0.51× | ||
| Q4 25 | 1.62× | 0.42× | ||
| Q3 25 | 0.89× | 0.42× | ||
| Q2 25 | 0.76× | 0.38× | ||
| Q1 25 | 0.71× | 0.51× | ||
| Q4 24 | 0.69× | 0.46× | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.68× | 0.51× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $631.1M | $-85.7M |
| 自由现金流率自由现金流/营收 | 58.3% | -8.3% |
| 资本支出强度资本支出/营收 | 2.4% | 1.8% |
| 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 | $716.0M |
8季度趋势，按日历期对齐
经营现金流FMCPNR
| Q1 26 | — | — | ||
| Q4 25 | $657.1M | $50.8M | ||
| Q3 25 | $-184.2M | $196.3M | ||
| Q2 25 | $65.9M | $606.6M | ||
| Q1 25 | $-545.0M | $-38.9M | ||
| Q4 24 | $427.9M | $86.5M | ||
| Q3 24 | $159.5M | $248.6M | ||
| Q2 24 | $292.2M | $539.2M |
自由现金流FMCPNR
| Q1 26 | — | $-85.7M | ||
| Q4 25 | $631.1M | $27.1M | ||
| Q3 25 | $-207.9M | $178.9M | ||
| Q2 25 | $50.9M | $595.7M | ||
| Q1 25 | $-576.6M | $-55.7M | ||
| Q4 24 | $406.3M | $63.8M | ||
| Q3 24 | $143.8M | $233.2M | ||
| Q2 24 | $282.3M | $522.2M |
自由现金流率FMCPNR
| Q1 26 | — | -8.3% | ||
| Q4 25 | 58.3% | 2.7% | ||
| Q3 25 | -38.3% | 17.5% | ||
| Q2 25 | 4.8% | 53.0% | ||
| Q1 25 | -72.9% | -5.5% | ||
| Q4 24 | 33.2% | 6.6% | ||
| Q3 24 | 13.5% | 23.5% | ||
| Q2 24 | 27.2% | 47.5% |
资本支出强度FMCPNR
| Q1 26 | — | 1.8% | ||
| Q4 25 | 2.4% | 2.3% | ||
| Q3 25 | 4.4% | 1.7% | ||
| Q2 25 | 1.4% | 1.0% | ||
| Q1 25 | 4.0% | 1.7% | ||
| Q4 24 | 1.8% | 2.3% | ||
| Q3 24 | 1.5% | 1.6% | ||
| Q2 24 | 1.0% | 1.5% |
现金转化率FMCPNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | 0.99× | 4.08× | ||
| Q1 25 | — | -0.25× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | 2.45× | 1.78× | ||
| Q2 24 | 0.99× | 2.90× |
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% |
PNR
| Water Solutions | $391.0M | 38% |
| Pool | $387.1M | 37% |
| Flow | $258.1M | 25% |
