vs
国际香精香料（IFF）与REX AMERICAN RESOURCES Corp（REX）财务数据对比。点击上方公司名可切换其他公司
国际香精香料的季度营收约是REX AMERICAN RESOURCES Corp的14.7倍（$2.6B vs $175.6M）。REX AMERICAN RESOURCES Corp净利率更高（15.6% vs 0.2%，领先15.4%）。REX AMERICAN RESOURCES Corp同比增速更快（0.4% vs -6.6%）。国际香精香料自由现金流更多（$130.0M vs $24.5M）。过去两年REX AMERICAN RESOURCES Corp的营收复合增速更高（-3.2% vs -5.5%）
国际香精香料（IFF）是美国知名企业，业务覆盖风味、质感、香氛、营养、酶制剂、菌种、大豆蛋白、益生菌等多品类产品研发，产品行销全球。公司总部位于纽约，在44个国家设有创意、销售及生产基地，是标普500指数成分股企业。
REX美国资源公司是一家美国能源企业，1980年成立，总部位于俄亥俄州代顿市。公司主营乙醇、酒糟与天然气的生产及零售，同时也对能源相关企业进行投资控股。目前全资拥有三家关联企业，截至2012年，公司旗下拥有22家全国性零售门店，并参股了五个乙醇生产项目。
IFF vs REX — 直观对比
营收规模更大
IFF
是对方的14.7倍
$175.6M
营收增速更快
REX
高出7.0%
-6.6%
净利率更高
REX
高出15.4%
0.2%
自由现金流更多
IFF
多$105.5M
$24.5M
两年增速更快
REX
近两年复合增速
-5.5%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $175.6M |
| 净利润 | $5.0M | $27.5M |
| 毛利率 | 34.4% | 20.6% |
| 营业利润率 | 3.7% | 20.2% |
| 净利率 | 0.2% | 15.6% |
| 营收同比 | -6.6% | 0.4% |
| 净利润同比 | 110.9% | -8.7% |
| 每股收益（稀释后） | $0.03 | $0.71 |
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IFFREX
| Q4 25 | $2.6B | $175.6M | ||
| Q3 25 | $2.7B | $158.6M | ||
| Q2 25 | $2.8B | $158.3M | ||
| Q1 25 | $2.8B | $158.2M | ||
| Q4 24 | $2.8B | $174.9M | ||
| Q3 24 | $2.9B | $148.2M | ||
| Q2 24 | $2.9B | $161.2M | ||
| Q1 24 | $2.9B | $187.6M |
净利润IFFREX
| Q4 25 | $5.0M | $27.5M | ||
| Q3 25 | $40.0M | $9.3M | ||
| Q2 25 | $612.0M | $10.7M | ||
| Q1 25 | $-1.0B | $14.1M | ||
| Q4 24 | $-46.0M | $30.1M | ||
| Q3 24 | $59.0M | $15.0M | ||
| Q2 24 | $170.0M | $12.3M | ||
| Q1 24 | $60.0M | $25.3M |
毛利率IFFREX
| Q4 25 | 34.4% | 20.6% | ||
| Q3 25 | 36.5% | 9.0% | ||
| Q2 25 | 37.3% | 9.1% | ||
| Q1 25 | 36.4% | 11.1% | ||
| Q4 24 | 35.4% | 22.7% | ||
| Q3 24 | 36.0% | 13.3% | ||
| Q2 24 | 37.0% | 9.0% | ||
| Q1 24 | 35.3% | 16.2% |
营业利润率IFFREX
| Q4 25 | 3.7% | 20.2% | ||
| Q3 25 | 8.4% | — | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | -31.8% | 11.3% | ||
| Q4 24 | 4.6% | 22.6% | ||
| Q3 24 | 8.5% | 13.2% | ||
| Q2 24 | 6.6% | 9.9% | ||
| Q1 24 | 6.9% | 17.3% |
净利率IFFREX
| Q4 25 | 0.2% | 15.6% | ||
| Q3 25 | 1.5% | 5.9% | ||
| Q2 25 | 22.1% | 6.7% | ||
| Q1 25 | -35.8% | 8.9% | ||
| Q4 24 | -1.7% | 17.2% | ||
| Q3 24 | 2.0% | 10.1% | ||
| Q2 24 | 5.9% | 7.6% | ||
| Q1 24 | 2.1% | 13.5% |
每股收益（稀释后）IFFREX
| Q4 25 | $0.03 | $0.71 | ||
| Q3 25 | $0.16 | $0.43 | ||
| Q2 25 | $2.38 | $0.51 | ||
| Q1 25 | $-3.98 | $-0.32 | ||
| Q4 24 | $-0.17 | $0.69 | ||
| Q3 24 | $0.23 | $0.70 | ||
| Q2 24 | $0.66 | $0.58 | ||
| Q1 24 | $0.23 | $-0.58 |
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 | $590.0M | $335.5M |
| 总债务越低越好 | $5.6B | — |
| 股东权益账面价值 | $14.2B | $566.9M |
| 总资产 | $25.5B | $750.1M |
| 负债/权益比越低杠杆越低 | 0.40× | — |
8季度趋势，按日历期对齐
现金及短期投资IFFREX
| Q4 25 | $590.0M | $335.5M | ||
| Q3 25 | $621.0M | $310.5M | ||
| Q2 25 | $816.0M | $315.9M | ||
| Q1 25 | $613.0M | $359.1M | ||
| Q4 24 | $469.0M | $365.1M | ||
| Q3 24 | $567.0M | $346.0M | ||
| Q2 24 | $671.0M | $351.8M | ||
| Q1 24 | $732.0M | $378.7M |
总债务IFFREX
| Q4 25 | $5.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IFFREX
| Q4 25 | $14.2B | $566.9M | ||
| Q3 25 | $14.2B | $545.8M | ||
| Q2 25 | $14.4B | $536.4M | ||
| Q1 25 | $13.2B | $560.3M | ||
| Q4 24 | $13.9B | $564.5M | ||
| Q3 24 | $14.8B | $539.6M | ||
| Q2 24 | $14.3B | $524.5M | ||
| Q1 24 | $14.3B | $513.9M |
总资产IFFREX
| Q4 25 | $25.5B | $750.1M | ||
| Q3 25 | $25.8B | $700.6M | ||
| Q2 25 | $26.1B | $693.8M | ||
| Q1 25 | $28.3B | $720.0M | ||
| Q4 24 | $28.7B | $715.7M | ||
| Q3 24 | $29.9B | $680.0M | ||
| Q2 24 | $29.5B | $671.0M | ||
| Q1 24 | $30.6B | $664.8M |
负债/权益比IFFREX
| Q4 25 | 0.40× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $318.0M | $51.2M |
| 自由现金流经营现金流 - 资本支出 | $130.0M | $24.5M |
| 自由现金流率自由现金流/营收 | 5.0% | 14.0% |
| 资本支出强度资本支出/营收 | 7.3% | 15.2% |
| 现金转化率经营现金流/净利润 | 63.60× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $256.0M | $17.6M |
8季度趋势，按日历期对齐
经营现金流IFFREX
| Q4 25 | $318.0M | $51.2M | ||
| Q3 25 | $164.0M | $16.3M | ||
| Q2 25 | $241.0M | $-3.5M | ||
| Q1 25 | $127.0M | $25.1M | ||
| Q4 24 | $368.0M | $33.4M | ||
| Q3 24 | $366.0M | $8.0M | ||
| Q2 24 | $237.0M | $-2.3M | ||
| Q1 24 | $99.0M | $62.5M |
自由现金流IFFREX
| Q4 25 | $130.0M | $24.5M | ||
| Q3 25 | $32.0M | $-5.7M | ||
| Q2 25 | $146.0M | $-10.4M | ||
| Q1 25 | $-52.0M | $9.2M | ||
| Q4 24 | $208.0M | $18.2M | ||
| Q3 24 | $263.0M | $-7.4M | ||
| Q2 24 | $155.0M | $-27.1M | ||
| Q1 24 | $-19.0M | $47.2M |
自由现金流率IFFREX
| Q4 25 | 5.0% | 14.0% | ||
| Q3 25 | 1.2% | -3.6% | ||
| Q2 25 | 5.3% | -6.6% | ||
| Q1 25 | -1.8% | 5.8% | ||
| Q4 24 | 7.5% | 10.4% | ||
| Q3 24 | 9.0% | -5.0% | ||
| Q2 24 | 5.4% | -16.8% | ||
| Q1 24 | -0.7% | 25.2% |
资本支出强度IFFREX
| Q4 25 | 7.3% | 15.2% | ||
| Q3 25 | 4.9% | 13.9% | ||
| Q2 25 | 3.4% | 4.4% | ||
| Q1 25 | 6.3% | 10.0% | ||
| Q4 24 | 5.8% | 8.7% | ||
| Q3 24 | 3.5% | 10.4% | ||
| Q2 24 | 2.8% | 15.4% | ||
| Q1 24 | 4.1% | 8.2% |
现金转化率IFFREX
| Q4 25 | 63.60× | 1.87× | ||
| Q3 25 | 4.10× | 1.75× | ||
| Q2 25 | 0.39× | -0.33× | ||
| Q1 25 | — | 1.78× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 6.20× | 0.53× | ||
| Q2 24 | 1.39× | -0.18× | ||
| Q1 24 | 1.65× | 2.47× |
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
IFF
| Food Ingredients | $802.0M | 31% |
| Scent | $610.0M | 24% |
| Other | $589.0M | 23% |
| Taste | $588.0M | 23% |
REX
| Ethanol | $136.0M | 77% |
| Dried Distillers Grains | $22.4M | 13% |
| Distillers Corn Oil | $16.4M | 9% |
| Modified Distillers Grains | $1.2M | 1% |
