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亨斯迈（HUN）与Ingevity Corp（NGVT）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Ingevity Corp的7.3倍（$1.4B vs $185.4M）。亨斯迈净利率更高（-7.1% vs -45.6%，领先38.5%）。Ingevity Corp同比增速更快（36.7% vs -6.7%）。Ingevity Corp自由现金流更多（$73.5M vs $19.0M）。过去两年亨斯迈的营收复合增速更高（-4.0% vs -26.2%）
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。
Ingevity Corp是一家全球特种化学品与先进材料生产商，主营高性能碳材料、路面养护解决方案及特种化工产品，服务汽车排放控制、工业净化、道路基建、农业投入品等核心市场，业务覆盖北美、欧洲及亚太地区。
HUN vs NGVT — 直观对比
营收规模更大
HUN
是对方的7.3倍
$185.4M
营收增速更快
NGVT
高出43.4%
-6.7%
净利率更高
HUN
高出38.5%
-45.6%
自由现金流更多
NGVT
多$54.5M
$19.0M
两年增速更快
HUN
近两年复合增速
-26.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $185.4M |
| 净利润 | $-96.0M | $-84.6M |
| 毛利率 | 12.1% | 41.2% |
| 营业利润率 | -4.4% | -47.7% |
| 净利率 | -7.1% | -45.6% |
| 营收同比 | -6.7% | 36.7% |
| 净利润同比 | 31.9% | -609.6% |
| 每股收益（稀释后） | $-0.56 | $-2.33 |
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HUNNGVT
| Q4 25 | $1.4B | $185.4M | ||
| Q3 25 | $1.5B | $333.1M | ||
| Q2 25 | $1.5B | $365.1M | ||
| Q1 25 | $1.4B | $284.0M | ||
| Q4 24 | $1.5B | $135.6M | ||
| Q3 24 | $1.5B | $333.8M | ||
| Q2 24 | $1.6B | $390.6M | ||
| Q1 24 | $1.5B | $340.1M |
净利润HUNNGVT
| Q4 25 | $-96.0M | $-84.6M | ||
| Q3 25 | $-25.0M | $43.5M | ||
| Q2 25 | $-158.0M | $-146.5M | ||
| Q1 25 | $-5.0M | $20.5M | ||
| Q4 24 | $-141.0M | $16.6M | ||
| Q3 24 | $-33.0M | $-107.2M | ||
| Q2 24 | $22.0M | $-283.7M | ||
| Q1 24 | $-37.0M | $-56.0M |
毛利率HUNNGVT
| Q4 25 | 12.1% | 41.2% | ||
| Q3 25 | 14.0% | 40.2% | ||
| Q2 25 | 12.5% | 37.8% | ||
| Q1 25 | 14.3% | 39.9% | ||
| Q4 24 | 12.9% | 81.3% | ||
| Q3 24 | 15.2% | 39.4% | ||
| Q2 24 | 15.4% | 31.5% | ||
| Q1 24 | 13.7% | 29.3% |
营业利润率HUNNGVT
| Q4 25 | -4.4% | -47.7% | ||
| Q3 25 | 0.4% | 18.7% | ||
| Q2 25 | -8.2% | -39.1% | ||
| Q1 25 | 3.0% | 9.4% | ||
| Q4 24 | -4.3% | — | ||
| Q3 24 | 2.7% | 33.0% | ||
| Q2 24 | 2.2% | 25.9% | ||
| Q1 24 | -2.6% | 22.6% |
净利率HUNNGVT
| Q4 25 | -7.1% | -45.6% | ||
| Q3 25 | -1.7% | 13.1% | ||
| Q2 25 | -10.8% | -40.1% | ||
| Q1 25 | -0.4% | 7.2% | ||
| Q4 24 | -9.7% | 12.2% | ||
| Q3 24 | -2.1% | -32.1% | ||
| Q2 24 | 1.4% | -72.6% | ||
| Q1 24 | -2.5% | -16.5% |
每股收益（稀释后）HUNNGVT
| Q4 25 | $-0.56 | $-2.33 | ||
| Q3 25 | $-0.14 | $1.18 | ||
| Q2 25 | $-0.92 | $-4.02 | ||
| Q1 25 | $-0.03 | $0.56 | ||
| Q4 24 | $-0.82 | $0.44 | ||
| Q3 24 | $-0.19 | $-2.94 | ||
| Q2 24 | $0.13 | $-7.81 | ||
| Q1 24 | $-0.22 | $-1.54 |
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 | $78.1M |
| 总债务越低越好 | $2.0B | $1.2B |
| 股东权益账面价值 | $2.8B | $29.7M |
| 总资产 | $7.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.73× | 39.10× |
8季度趋势，按日历期对齐
现金及短期投资HUNNGVT
| Q4 25 | $429.0M | $78.1M | ||
| Q3 25 | $468.0M | $83.4M | ||
| Q2 25 | $399.0M | $76.9M | ||
| Q1 25 | $334.0M | $71.5M | ||
| Q4 24 | $340.0M | $68.0M | ||
| Q3 24 | $330.0M | $135.5M | ||
| Q2 24 | $335.0M | $107.4M | ||
| Q1 24 | $552.0M | $88.5M |
总债务HUNNGVT
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.9B | $1.4B | ||
| Q2 24 | $1.9B | $1.4B | ||
| Q1 24 | $2.1B | $1.4B |
股东权益HUNNGVT
| Q4 25 | $2.8B | $29.7M | ||
| Q3 25 | $2.8B | $138.1M | ||
| Q2 25 | $2.8B | $120.7M | ||
| Q1 25 | $3.0B | $234.6M | ||
| Q4 24 | $3.0B | $195.2M | ||
| Q3 24 | $3.1B | $214.5M | ||
| Q2 24 | $3.1B | $284.8M | ||
| Q1 24 | $3.2B | $568.2M |
总资产HUNNGVT
| Q4 25 | $7.0B | $1.7B | ||
| Q3 25 | $7.1B | $1.8B | ||
| Q2 25 | $7.1B | $1.9B | ||
| Q1 25 | $7.2B | $2.1B | ||
| Q4 24 | $7.1B | $2.0B | ||
| Q3 24 | $7.3B | $2.2B | ||
| Q2 24 | $7.3B | $2.3B | ||
| Q1 24 | $7.6B | $2.6B |
负债/权益比HUNNGVT
| Q4 25 | 0.73× | 39.10× | ||
| Q3 25 | 0.73× | 8.39× | ||
| Q2 25 | 0.72× | 10.24× | ||
| Q1 25 | 0.66× | 5.68× | ||
| Q4 24 | 0.62× | 6.86× | ||
| Q3 24 | 0.60× | 6.52× | ||
| Q2 24 | 0.62× | 4.92× | ||
| Q1 24 | 0.65× | 2.48× |
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 | $97.1M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $73.5M |
| 自由现金流率自由现金流/营收 | 1.4% | 39.6% |
| 资本支出强度资本支出/营收 | 4.2% | 12.7% |
| 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 | $116.0M | $273.5M |
8季度趋势，按日历期对齐
经营现金流HUNNGVT
| Q4 25 | $76.0M | $97.1M | ||
| Q3 25 | $196.0M | $129.7M | ||
| Q2 25 | $91.0M | $79.0M | ||
| Q1 25 | $-74.0M | $25.4M | ||
| Q4 24 | $153.0M | $64.5M | ||
| Q3 24 | $129.0M | $46.5M | ||
| Q2 24 | $46.0M | $29.7M | ||
| Q1 24 | $-65.0M | $-12.1M |
自由现金流HUNNGVT
| Q4 25 | $19.0M | $73.5M | ||
| Q3 25 | $153.0M | $117.8M | ||
| Q2 25 | $54.0M | $66.8M | ||
| Q1 25 | $-110.0M | $15.4M | ||
| Q4 24 | $102.0M | $39.6M | ||
| Q3 24 | $88.0M | $28.5M | ||
| Q2 24 | $-4.0M | $11.6M | ||
| Q1 24 | $-107.0M | $-28.7M |
自由现金流率HUNNGVT
| Q4 25 | 1.4% | 39.6% | ||
| Q3 25 | 10.5% | 35.4% | ||
| Q2 25 | 3.7% | 18.3% | ||
| Q1 25 | -7.8% | 5.4% | ||
| Q4 24 | 7.0% | 29.2% | ||
| Q3 24 | 5.7% | 8.5% | ||
| Q2 24 | -0.3% | 3.0% | ||
| Q1 24 | -7.3% | -8.4% |
资本支出强度HUNNGVT
| Q4 25 | 4.2% | 12.7% | ||
| Q3 25 | 2.9% | 3.6% | ||
| Q2 25 | 2.5% | 3.3% | ||
| Q1 25 | 2.6% | 3.5% | ||
| Q4 24 | 3.5% | 18.4% | ||
| Q3 24 | 2.7% | 5.4% | ||
| Q2 24 | 3.2% | 4.6% | ||
| Q1 24 | 2.9% | 4.9% |
现金转化率HUNNGVT
| Q4 25 | — | — | ||
| Q3 25 | — | 2.98× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 3.89× | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.09× | — | ||
| Q1 24 | — | — |
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% |
NGVT
| Performance Materials | $151.2M | 82% |
| Advanced Polymer Technologies Segment | $36.5M | 20% |
