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亨斯迈（HUN）与胜牌（VVV）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胜牌的2.9倍（$1.4B vs $461.8M）。亨斯迈净利率更高（-7.1% vs -7.1%，领先0.0%）。胜牌同比增速更快（11.5% vs -6.7%）。亨斯迈自由现金流更多（$19.0M vs $7.4M）。过去两年胜牌的营收复合增速更高（9.0% 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。
胜牌公司是总部位于美国肯塔基州列克星敦的汽车零售服务企业，授权推出多款胜牌 branded 的车用机油、添加剂及润滑油产品，旗下拥有胜牌即时换油、加拿大卓越换油、胜牌快速护理等汽车维修连锁品牌。截至2023年，胜牌是美国第二大换油服务提供商，市场份额达10%，门店数量超1650家。
HUN vs VVV — 直观对比
营收规模更大
HUN
是对方的2.9倍
$461.8M
营收增速更快
VVV
高出18.1%
-6.7%
净利率更高
HUN
高出0.0%
-7.1%
自由现金流更多
HUN
多$11.6M
$7.4M
两年增速更快
VVV
近两年复合增速
-4.0%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $461.8M |
| 净利润 | $-96.0M | $-32.8M |
| 毛利率 | 12.1% | 37.4% |
| 营业利润率 | -4.4% | 4.0% |
| 净利率 | -7.1% | -7.1% |
| 营收同比 | -6.7% | 11.5% |
| 净利润同比 | 31.9% | -135.8% |
| 每股收益（稀释后） | $-0.56 | $-0.26 |
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HUNVVV
| Q4 25 | $1.4B | $461.8M | ||
| Q3 25 | $1.5B | $453.8M | ||
| Q2 25 | $1.5B | $439.0M | ||
| Q1 25 | $1.4B | $403.2M | ||
| Q4 24 | $1.5B | $414.3M | ||
| Q3 24 | $1.5B | $435.5M | ||
| Q2 24 | $1.6B | $421.4M | ||
| Q1 24 | $1.5B | $388.7M |
净利润HUNVVV
| Q4 25 | $-96.0M | $-32.8M | ||
| Q3 25 | $-25.0M | $25.0M | ||
| Q2 25 | $-158.0M | $56.5M | ||
| Q1 25 | $-5.0M | $37.6M | ||
| Q4 24 | $-141.0M | $91.6M | ||
| Q3 24 | $-33.0M | $92.3M | ||
| Q2 24 | $22.0M | $45.9M | ||
| Q1 24 | $-37.0M | $41.4M |
毛利率HUNVVV
| Q4 25 | 12.1% | 37.4% | ||
| Q3 25 | 14.0% | 39.1% | ||
| Q2 25 | 12.5% | 40.5% | ||
| Q1 25 | 14.3% | 37.3% | ||
| Q4 24 | 12.9% | 36.9% | ||
| Q3 24 | 15.2% | 39.1% | ||
| Q2 24 | 15.4% | 39.7% | ||
| Q1 24 | 13.7% | 37.6% |
营业利润率HUNVVV
| Q4 25 | -4.4% | 4.0% | ||
| Q3 25 | 0.4% | 18.6% | ||
| Q2 25 | -8.2% | 21.6% | ||
| Q1 25 | 3.0% | 16.6% | ||
| Q4 24 | -4.3% | 34.7% | ||
| Q3 24 | 2.7% | 30.9% | ||
| Q2 24 | 2.2% | 22.2% | ||
| Q1 24 | -2.6% | 19.7% |
净利率HUNVVV
| Q4 25 | -7.1% | -7.1% | ||
| Q3 25 | -1.7% | 5.5% | ||
| Q2 25 | -10.8% | 12.9% | ||
| Q1 25 | -0.4% | 9.3% | ||
| Q4 24 | -9.7% | 22.1% | ||
| Q3 24 | -2.1% | 21.2% | ||
| Q2 24 | 1.4% | 10.9% | ||
| Q1 24 | -2.5% | 10.7% |
每股收益（稀释后）HUNVVV
| Q4 25 | $-0.56 | $-0.26 | ||
| Q3 25 | $-0.14 | $0.20 | ||
| Q2 25 | $-0.92 | $0.44 | ||
| Q1 25 | $-0.03 | $0.29 | ||
| Q4 24 | $-0.82 | $0.71 | ||
| Q3 24 | $-0.19 | $0.70 | ||
| Q2 24 | $0.13 | $0.35 | ||
| Q1 24 | $-0.22 | $0.32 |
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 | $69.9M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.8B | $307.6M |
| 总资产 | $7.0B | $3.4B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资HUNVVV
| Q4 25 | $429.0M | $69.9M | ||
| Q3 25 | $468.0M | $51.6M | ||
| Q2 25 | $399.0M | $68.3M | ||
| Q1 25 | $334.0M | $61.9M | ||
| Q4 24 | $340.0M | $60.0M | ||
| Q3 24 | $330.0M | $68.3M | ||
| Q2 24 | $335.0M | $65.7M | ||
| Q1 24 | $552.0M | $494.5M |
总债务HUNVVV
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
股东权益HUNVVV
| Q4 25 | $2.8B | $307.6M | ||
| Q3 25 | $2.8B | $338.5M | ||
| Q2 25 | $2.8B | $313.6M | ||
| Q1 25 | $3.0B | $248.7M | ||
| Q4 24 | $3.0B | $229.8M | ||
| Q3 24 | $3.1B | $185.6M | ||
| Q2 24 | $3.1B | $106.5M | ||
| Q1 24 | $3.2B | $60.1M |
总资产HUNVVV
| Q4 25 | $7.0B | $3.4B | ||
| Q3 25 | $7.1B | $2.7B | ||
| Q2 25 | $7.1B | $2.6B | ||
| Q1 25 | $7.2B | $2.5B | ||
| Q4 24 | $7.1B | $2.3B | ||
| Q3 24 | $7.3B | $2.4B | ||
| Q2 24 | $7.3B | $2.4B | ||
| Q1 24 | $7.6B | $2.8B |
负债/权益比HUNVVV
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.65× | — |
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 | $64.8M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $7.4M |
| 自由现金流率自由现金流/营收 | 1.4% | 1.6% |
| 资本支出强度资本支出/营收 | 4.2% | 12.4% |
| 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 | $57.8M |
8季度趋势，按日历期对齐
经营现金流HUNVVV
| Q4 25 | $76.0M | $64.8M | ||
| Q3 25 | $196.0M | $121.9M | ||
| Q2 25 | $91.0M | $86.9M | ||
| Q1 25 | $-74.0M | $47.2M | ||
| Q4 24 | $153.0M | $41.2M | ||
| Q3 24 | $129.0M | $101.3M | ||
| Q2 24 | $46.0M | $75.6M | ||
| Q1 24 | $-65.0M | $68.3M |
自由现金流HUNVVV
| Q4 25 | $19.0M | $7.4M | ||
| Q3 25 | $153.0M | $23.0M | ||
| Q2 25 | $54.0M | $32.0M | ||
| Q1 25 | $-110.0M | $-4.6M | ||
| Q4 24 | $102.0M | $-12.4M | ||
| Q3 24 | $88.0M | $29.9M | ||
| Q2 24 | $-4.0M | $9.8M | ||
| Q1 24 | $-107.0M | $23.4M |
自由现金流率HUNVVV
| Q4 25 | 1.4% | 1.6% | ||
| Q3 25 | 10.5% | 5.1% | ||
| Q2 25 | 3.7% | 7.3% | ||
| Q1 25 | -7.8% | -1.1% | ||
| Q4 24 | 7.0% | -3.0% | ||
| Q3 24 | 5.7% | 6.9% | ||
| Q2 24 | -0.3% | 2.3% | ||
| Q1 24 | -7.3% | 6.0% |
资本支出强度HUNVVV
| Q4 25 | 4.2% | 12.4% | ||
| Q3 25 | 2.9% | 21.8% | ||
| Q2 25 | 2.5% | 12.5% | ||
| Q1 25 | 2.6% | 12.8% | ||
| Q4 24 | 3.5% | 12.9% | ||
| Q3 24 | 2.7% | 16.4% | ||
| Q2 24 | 3.2% | 15.6% | ||
| Q1 24 | 2.9% | 11.6% |
现金转化率HUNVVV
| Q4 25 | — | — | ||
| Q3 25 | — | 4.88× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | 2.09× | 1.65× | ||
| Q1 24 | — | 1.65× |
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% |
VVV
| Oil Change And Related Fees | $337.7M | 73% |
| Non Oil Change And Related Fees | $100.5M | 22% |
| Franchise Fees And Other | $23.6M | 5% |
