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FMC CORP（FMC）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是FMC CORP的1.7倍（$1.8B vs $1.1B），西蒙地产集团净利率更高（197.6% vs -158.8%，领先356.4%），西蒙地产集团同比增速更快（13.2% vs -11.5%），西蒙地产集团自由现金流更多（$948.8M vs $631.1M），过去两年西蒙地产集团的营收复合增速更高（11.4% 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。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
FMC vs SPG — 直观对比
营收规模更大
SPG
是对方的1.7倍
$1.1B
营收增速更快
SPG
高出24.7%
-11.5%
净利率更高
SPG
高出356.4%
-158.8%
自由现金流更多
SPG
多$317.7M
$631.1M
两年增速更快
SPG
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.8B |
| 净利润 | $-1.7B | $3.5B |
| 毛利率 | 39.8% | — |
| 营业利润率 | -130.8% | 49.7% |
| 净利率 | -158.8% | 197.6% |
| 营收同比 | -11.5% | 13.2% |
| 净利润同比 | -10457.1% | 358.7% |
| 每股收益（稀释后） | $-13.77 | $9.34 |
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FMCSPG
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $542.2M | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $791.4M | $1.5B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $918.0M | $1.4B |
净利润FMCSPG
| Q4 25 | $-1.7B | $3.5B | ||
| Q3 25 | $-569.3M | $702.7M | ||
| Q2 25 | $66.7M | $643.7M | ||
| Q1 25 | $-15.5M | $477.9M | ||
| Q4 24 | $-16.3M | $771.8M | ||
| Q3 24 | $65.0M | $546.7M | ||
| Q2 24 | $295.1M | $569.4M | ||
| Q1 24 | $-2.7M | $841.2M |
毛利率FMCSPG
| 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FMCSPG
| Q4 25 | -130.8% | 49.7% | ||
| Q3 25 | -73.1% | 50.8% | ||
| Q2 25 | 12.0% | 49.7% | ||
| Q1 25 | 7.4% | 49.4% | ||
| Q4 24 | 19.2% | 52.8% | ||
| Q3 24 | 12.7% | 51.9% | ||
| Q2 24 | 6.0% | 51.7% | ||
| Q1 24 | 8.1% | 51.0% |
净利率FMCSPG
| Q4 25 | -158.8% | 197.6% | ||
| Q3 25 | -105.0% | 43.9% | ||
| Q2 25 | 6.3% | 43.0% | ||
| Q1 25 | -2.0% | 32.4% | ||
| Q4 24 | -1.3% | 48.8% | ||
| Q3 24 | 6.1% | 36.9% | ||
| Q2 24 | 28.4% | 39.0% | ||
| Q1 24 | -0.3% | 58.3% |
每股收益（稀释后）FMCSPG
| Q4 25 | $-13.77 | $9.34 | ||
| Q3 25 | $-4.52 | $1.86 | ||
| Q2 25 | $0.53 | $1.70 | ||
| Q1 25 | $-0.12 | $1.27 | ||
| Q4 24 | $-0.13 | $2.04 | ||
| Q3 24 | $0.52 | $1.46 | ||
| Q2 24 | $2.35 | $1.51 | ||
| Q1 24 | $-0.02 | $2.25 |
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 | $823.1M |
| 总债务越低越好 | $3.4B | $28.4B |
| 股东权益账面价值 | $2.1B | $5.2B |
| 总资产 | $9.7B | $40.6B |
| 负债/权益比越低杠杆越低 | 1.62× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资FMCSPG
| Q4 25 | $584.5M | $823.1M | ||
| Q3 25 | $497.7M | $1.6B | ||
| Q2 25 | $438.2M | $1.2B | ||
| Q1 25 | $315.3M | $1.4B | ||
| Q4 24 | $357.3M | $1.4B | ||
| Q3 24 | $416.7M | $2.5B | ||
| Q2 24 | $471.5M | $2.5B | ||
| Q1 24 | $417.8M | $2.6B |
总债务FMCSPG
| Q4 25 | $3.4B | $28.4B | ||
| Q3 25 | $3.4B | $25.8B | ||
| Q2 25 | $3.4B | $25.4B | ||
| Q1 25 | $3.1B | $24.8B | ||
| Q4 24 | $3.1B | $24.3B | ||
| Q3 24 | $3.1B | $25.4B | ||
| Q2 24 | $3.1B | $25.3B | ||
| Q1 24 | $3.1B | $25.5B |
股东权益FMCSPG
| Q4 25 | $2.1B | $5.2B | ||
| Q3 25 | $3.8B | $2.3B | ||
| Q2 25 | $4.4B | $2.5B | ||
| Q1 25 | $4.4B | $2.6B | ||
| Q4 24 | $4.5B | $2.9B | ||
| Q3 24 | $4.6B | $2.7B | ||
| Q2 24 | $4.6B | $2.9B | ||
| Q1 24 | $4.3B | $3.1B |
总资产FMCSPG
| Q4 25 | $9.7B | $40.6B | ||
| Q3 25 | $12.1B | $33.6B | ||
| Q2 25 | $12.3B | $33.3B | ||
| Q1 25 | $11.8B | $32.5B | ||
| Q4 24 | $11.7B | $32.4B | ||
| Q3 24 | $12.2B | $33.3B | ||
| Q2 24 | $12.1B | $33.4B | ||
| Q1 24 | $12.0B | $33.7B |
负债/权益比FMCSPG
| Q4 25 | 1.62× | 5.46× | ||
| Q3 25 | 0.89× | 10.98× | ||
| Q2 25 | 0.76× | 10.36× | ||
| Q1 25 | 0.71× | 9.50× | ||
| Q4 24 | 0.69× | 8.25× | ||
| Q3 24 | 0.68× | 9.37× | ||
| Q2 24 | 0.68× | 8.59× | ||
| Q1 24 | 0.72× | 8.22× |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $631.1M | $948.8M |
| 自由现金流率自由现金流/营收 | 58.3% | 53.0% |
| 资本支出强度资本支出/营收 | 2.4% | 14.2% |
| 现金转化率经营现金流/净利润 | — | 0.34× |
| 过去12个月自由现金流最近4个季度 | $-102.5M | $3.2B |
8季度趋势，按日历期对齐
经营现金流FMCSPG
| Q4 25 | $657.1M | $1.2B | ||
| Q3 25 | $-184.2M | $890.3M | ||
| Q2 25 | $65.9M | $1.2B | ||
| Q1 25 | $-545.0M | $827.2M | ||
| Q4 24 | $427.9M | $1.1B | ||
| Q3 24 | $159.5M | $892.9M | ||
| Q2 24 | $292.2M | $1.1B | ||
| Q1 24 | $-142.9M | $773.1M |
自由现金流FMCSPG
| Q4 25 | $631.1M | $948.8M | ||
| Q3 25 | $-207.9M | $685.0M | ||
| Q2 25 | $50.9M | $971.3M | ||
| Q1 25 | $-576.6M | $597.0M | ||
| Q4 24 | $406.3M | $867.7M | ||
| Q3 24 | $143.8M | $706.5M | ||
| Q2 24 | $282.3M | $874.8M | ||
| Q1 24 | $-163.6M | $610.1M |
自由现金流率FMCSPG
| Q4 25 | 58.3% | 53.0% | ||
| Q3 25 | -38.3% | 42.8% | ||
| Q2 25 | 4.8% | 64.8% | ||
| Q1 25 | -72.9% | 40.5% | ||
| Q4 24 | 33.2% | 54.8% | ||
| Q3 24 | 13.5% | 47.7% | ||
| Q2 24 | 27.2% | 60.0% | ||
| Q1 24 | -17.8% | 42.3% |
资本支出强度FMCSPG
| Q4 25 | 2.4% | 14.2% | ||
| Q3 25 | 4.4% | 12.8% | ||
| Q2 25 | 1.4% | 16.3% | ||
| Q1 25 | 4.0% | 15.6% | ||
| Q4 24 | 1.8% | 13.8% | ||
| Q3 24 | 1.5% | 12.6% | ||
| Q2 24 | 1.0% | 12.9% | ||
| Q1 24 | 2.3% | 11.3% |
现金转化率FMCSPG
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 1.27× | ||
| Q2 25 | 0.99× | 1.89× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 2.45× | 1.63× | ||
| Q2 24 | 0.99× | 1.87× | ||
| Q1 24 | — | 0.92× |
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% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
