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亨斯迈（HUN）与Installed Building Products, Inc.（IBP）财务数据对比。点击上方公司名可切换其他公司
亨斯迈的季度营收约是Installed Building Products, Inc.的1.8倍（$1.4B vs $747.5M），Installed Building Products, Inc.净利率更高（10.2% vs -7.1%，领先17.3%），Installed Building Products, Inc.同比增速更快（-0.4% vs -6.7%），Installed Building Products, Inc.自由现金流更多（$49.3M vs $19.0M），过去两年Installed Building Products, Inc.的营收复合增速更高（3.9% vs -4.0%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
HUN vs IBP — 直观对比
营收规模更大
HUN
是对方的1.8倍
$747.5M
营收增速更快
IBP
高出6.3%
-6.7%
净利率更高
IBP
高出17.3%
-7.1%
自由现金流更多
IBP
多$30.3M
$19.0M
两年增速更快
IBP
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $747.5M |
| 净利润 | $-96.0M | $76.6M |
| 毛利率 | 12.1% | 35.0% |
| 营业利润率 | -4.4% | 14.6% |
| 净利率 | -7.1% | 10.2% |
| 营收同比 | -6.7% | -0.4% |
| 净利润同比 | 31.9% | 14.5% |
| 每股收益（稀释后） | $-0.56 | $2.81 |
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HUNIBP
| Q4 25 | $1.4B | $747.5M | ||
| Q3 25 | $1.5B | $778.2M | ||
| Q2 25 | $1.5B | $760.3M | ||
| Q1 25 | $1.4B | $684.8M | ||
| Q4 24 | $1.5B | $750.2M | ||
| Q3 24 | $1.5B | $760.6M | ||
| Q2 24 | $1.6B | $737.6M | ||
| Q1 24 | $1.5B | $692.9M |
净利润HUNIBP
| Q4 25 | $-96.0M | $76.6M | ||
| Q3 25 | $-25.0M | $74.4M | ||
| Q2 25 | $-158.0M | $69.0M | ||
| Q1 25 | $-5.0M | $45.4M | ||
| Q4 24 | $-141.0M | $66.9M | ||
| Q3 24 | $-33.0M | $68.6M | ||
| Q2 24 | $22.0M | $65.2M | ||
| Q1 24 | $-37.0M | $55.9M |
毛利率HUNIBP
| Q4 25 | 12.1% | 35.0% | ||
| Q3 25 | 14.0% | 34.0% | ||
| Q2 25 | 12.5% | 34.2% | ||
| Q1 25 | 14.3% | 32.7% | ||
| Q4 24 | 12.9% | 33.6% | ||
| Q3 24 | 15.2% | 33.8% | ||
| Q2 24 | 15.4% | 34.1% | ||
| Q1 24 | 13.7% | 33.8% |
营业利润率HUNIBP
| Q4 25 | -4.4% | 14.6% | ||
| Q3 25 | 0.4% | 13.7% | ||
| Q2 25 | -8.2% | 13.3% | ||
| Q1 25 | 3.0% | 10.2% | ||
| Q4 24 | -4.3% | 13.1% | ||
| Q3 24 | 2.7% | 13.3% | ||
| Q2 24 | 2.2% | 12.9% | ||
| Q1 24 | -2.6% | 12.7% |
净利率HUNIBP
| Q4 25 | -7.1% | 10.2% | ||
| Q3 25 | -1.7% | 9.6% | ||
| Q2 25 | -10.8% | 9.1% | ||
| Q1 25 | -0.4% | 6.6% | ||
| Q4 24 | -9.7% | 8.9% | ||
| Q3 24 | -2.1% | 9.0% | ||
| Q2 24 | 1.4% | 8.8% | ||
| Q1 24 | -2.5% | 8.1% |
每股收益（稀释后）HUNIBP
| Q4 25 | $-0.56 | $2.81 | ||
| Q3 25 | $-0.14 | $2.74 | ||
| Q2 25 | $-0.92 | $2.52 | ||
| Q1 25 | $-0.03 | $1.64 | ||
| Q4 24 | $-0.82 | $2.39 | ||
| Q3 24 | $-0.19 | $2.44 | ||
| Q2 24 | $0.13 | $2.30 | ||
| Q1 24 | $-0.22 | $1.97 |
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 | $429.0M | $321.9M |
| 总债务越低越好 | $2.0B | $886.6M |
| 股东权益账面价值 | $2.8B | $709.9M |
| 总资产 | $7.0B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.73× | 1.25× |
8季度趋势，按日历期对齐
现金及短期投资HUNIBP
| Q4 25 | $429.0M | $321.9M | ||
| Q3 25 | $468.0M | $333.3M | ||
| Q2 25 | $399.0M | $305.2M | ||
| Q1 25 | $334.0M | $298.7M | ||
| Q4 24 | $340.0M | $327.6M | ||
| Q3 24 | $330.0M | $406.2M | ||
| Q2 24 | $335.0M | $380.3M | ||
| Q1 24 | $552.0M | $399.9M |
总债务HUNIBP
| Q4 25 | $2.0B | $886.6M | ||
| Q3 25 | $2.0B | $880.8M | ||
| Q2 25 | $2.0B | $876.1M | ||
| Q1 25 | $2.0B | $872.4M | ||
| Q4 24 | $1.8B | $874.8M | ||
| Q3 24 | $1.9B | $872.3M | ||
| Q2 24 | $1.9B | $875.8M | ||
| Q1 24 | $2.1B | $875.0M |
股东权益HUNIBP
| Q4 25 | $2.8B | $709.9M | ||
| Q3 25 | $2.8B | $678.6M | ||
| Q2 25 | $2.8B | $664.5M | ||
| Q1 25 | $3.0B | $660.9M | ||
| Q4 24 | $3.0B | $705.3M | ||
| Q3 24 | $3.1B | $716.4M | ||
| Q2 24 | $3.1B | $685.3M | ||
| Q1 24 | $3.2B | $679.2M |
总资产HUNIBP
| Q4 25 | $7.0B | $2.1B | ||
| Q3 25 | $7.1B | $2.1B | ||
| Q2 25 | $7.1B | $2.0B | ||
| Q1 25 | $7.2B | $2.0B | ||
| Q4 24 | $7.1B | $2.1B | ||
| Q3 24 | $7.3B | $2.1B | ||
| Q2 24 | $7.3B | $2.0B | ||
| Q1 24 | $7.6B | $2.0B |
负债/权益比HUNIBP
| Q4 25 | 0.73× | 1.25× | ||
| Q3 25 | 0.73× | 1.30× | ||
| Q2 25 | 0.72× | 1.32× | ||
| Q1 25 | 0.66× | 1.32× | ||
| Q4 24 | 0.62× | 1.24× | ||
| Q3 24 | 0.60× | 1.22× | ||
| Q2 24 | 0.62× | 1.28× | ||
| Q1 24 | 0.65× | 1.29× |
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 | $76.0M | $64.9M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $49.3M |
| 自由现金流率自由现金流/营收 | 1.4% | 6.6% |
| 资本支出强度资本支出/营收 | 4.2% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 0.85× |
| 过去12个月自由现金流最近4个季度 | $116.0M | $300.8M |
8季度趋势，按日历期对齐
经营现金流HUNIBP
| Q4 25 | $76.0M | $64.9M | ||
| Q3 25 | $196.0M | $124.0M | ||
| Q2 25 | $91.0M | $90.4M | ||
| Q1 25 | $-74.0M | $92.1M | ||
| Q4 24 | $153.0M | $74.8M | ||
| Q3 24 | $129.0M | $101.4M | ||
| Q2 24 | $46.0M | $79.0M | ||
| Q1 24 | $-65.0M | $84.8M |
自由现金流HUNIBP
| Q4 25 | $19.0M | $49.3M | ||
| Q3 25 | $153.0M | $104.8M | ||
| Q2 25 | $54.0M | $74.8M | ||
| Q1 25 | $-110.0M | $71.9M | ||
| Q4 24 | $102.0M | $52.9M | ||
| Q3 24 | $88.0M | $77.3M | ||
| Q2 24 | $-4.0M | $58.2M | ||
| Q1 24 | $-107.0M | $63.0M |
自由现金流率HUNIBP
| Q4 25 | 1.4% | 6.6% | ||
| Q3 25 | 10.5% | 13.5% | ||
| Q2 25 | 3.7% | 9.8% | ||
| Q1 25 | -7.8% | 10.5% | ||
| Q4 24 | 7.0% | 7.1% | ||
| Q3 24 | 5.7% | 10.2% | ||
| Q2 24 | -0.3% | 7.9% | ||
| Q1 24 | -7.3% | 9.1% |
资本支出强度HUNIBP
| Q4 25 | 4.2% | 2.1% | ||
| Q3 25 | 2.9% | 2.5% | ||
| Q2 25 | 2.5% | 2.1% | ||
| Q1 25 | 2.6% | 2.9% | ||
| Q4 24 | 3.5% | 2.9% | ||
| Q3 24 | 2.7% | 3.2% | ||
| Q2 24 | 3.2% | 2.8% | ||
| Q1 24 | 2.9% | 3.1% |
现金转化率HUNIBP
| Q4 25 | — | 0.85× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | 2.09× | 1.21× | ||
| Q1 24 | — | 1.52× |
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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
