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国际香精香料（IFF）与RESIDEO TECHNOLOGIES, INC.（REZI）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RESIDEO TECHNOLOGIES, INC.的1.4倍（$2.6B vs $1.9B），RESIDEO TECHNOLOGIES, INC.净利率更高（7.2% vs 0.2%，领先7.0%），RESIDEO TECHNOLOGIES, INC.同比增速更快（2.0% vs -6.6%），RESIDEO TECHNOLOGIES, INC.自由现金流更多（$262.0M vs $130.0M），过去两年RESIDEO TECHNOLOGIES, INC.的营收复合增速更高（12.9% 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。
Resideo Technologies是2018年从霍尼韦尔分拆成立的美国跨国企业，主营住宅场景的温控、空气质量调节、湿度控制及安防系统，业务覆盖美国及全球市场。公司下设产品、分销两大业务板块，生产销售温度照明控制、安防、水气监测等智能家居硬件及配套软件产品。
IFF vs REZI — 直观对比
营收规模更大
IFF
是对方的1.4倍
$1.9B
营收增速更快
REZI
高出8.6%
-6.6%
净利率更高
REZI
高出7.0%
0.2%
自由现金流更多
REZI
多$132.0M
$130.0M
两年增速更快
REZI
近两年复合增速
-5.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.9B |
| 净利润 | $5.0M | $136.0M |
| 毛利率 | 34.4% | 29.6% |
| 营业利润率 | 3.7% | 7.4% |
| 净利率 | 0.2% | 7.2% |
| 营收同比 | -6.6% | 2.0% |
| 净利润同比 | 110.9% | 491.3% |
| 每股收益（稀释后） | $0.03 | $0.99 |
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IFFREZI
| Q4 25 | $2.6B | $1.9B | ||
| Q3 25 | $2.7B | $1.9B | ||
| Q2 25 | $2.8B | $1.9B | ||
| Q1 25 | $2.8B | $1.8B | ||
| Q4 24 | $2.8B | $1.9B | ||
| Q3 24 | $2.9B | $1.8B | ||
| Q2 24 | $2.9B | $1.6B | ||
| Q1 24 | $2.9B | $1.5B |
净利润IFFREZI
| Q4 25 | $5.0M | $136.0M | ||
| Q3 25 | $40.0M | $156.0M | ||
| Q2 25 | $612.0M | $-825.0M | ||
| Q1 25 | $-1.0B | $6.0M | ||
| Q4 24 | $-46.0M | $23.0M | ||
| Q3 24 | $59.0M | $20.0M | ||
| Q2 24 | $170.0M | $30.0M | ||
| Q1 24 | $60.0M | $43.0M |
毛利率IFFREZI
| Q4 25 | 34.4% | 29.6% | ||
| Q3 25 | 36.5% | 29.8% | ||
| Q2 25 | 37.3% | 29.3% | ||
| Q1 25 | 36.4% | 28.9% | ||
| Q4 24 | 35.4% | 28.5% | ||
| Q3 24 | 36.0% | 28.7% | ||
| Q2 24 | 37.0% | 28.1% | ||
| Q1 24 | 35.3% | 26.9% |
营业利润率IFFREZI
| Q4 25 | 3.7% | 7.4% | ||
| Q3 25 | 8.4% | 8.3% | ||
| Q2 25 | 7.2% | 9.1% | ||
| Q1 25 | -31.8% | 7.7% | ||
| Q4 24 | 4.6% | 7.8% | ||
| Q3 24 | 8.5% | 6.9% | ||
| Q2 24 | 6.6% | 7.7% | ||
| Q1 24 | 6.9% | 8.6% |
净利率IFFREZI
| Q4 25 | 0.2% | 7.2% | ||
| Q3 25 | 1.5% | 8.4% | ||
| Q2 25 | 22.1% | -42.5% | ||
| Q1 25 | -35.8% | 0.3% | ||
| Q4 24 | -1.7% | 1.2% | ||
| Q3 24 | 2.0% | 1.1% | ||
| Q2 24 | 5.9% | 1.9% | ||
| Q1 24 | 2.1% | 2.9% |
每股收益（稀释后）IFFREZI
| Q4 25 | $0.03 | $0.99 | ||
| Q3 25 | $0.16 | $0.85 | ||
| Q2 25 | $2.38 | $-5.59 | ||
| Q1 25 | $-3.98 | $-0.02 | ||
| Q4 24 | $-0.17 | $0.06 | ||
| Q3 24 | $0.23 | $0.07 | ||
| Q2 24 | $0.66 | $0.19 | ||
| Q1 24 | $0.23 | $0.29 |
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 | $661.0M |
| 总债务越低越好 | $5.6B | $3.2B |
| 股东权益账面价值 | $14.2B | $2.9B |
| 总资产 | $25.5B | $8.4B |
| 负债/权益比越低杠杆越低 | 0.40× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资IFFREZI
| Q4 25 | $590.0M | $661.0M | ||
| Q3 25 | $621.0M | $345.0M | ||
| Q2 25 | $816.0M | $753.0M | ||
| Q1 25 | $613.0M | $577.0M | ||
| Q4 24 | $469.0M | $692.0M | ||
| Q3 24 | $567.0M | $531.0M | ||
| Q2 24 | $671.0M | $413.0M | ||
| Q1 24 | $732.0M | $603.0M |
总债务IFFREZI
| Q4 25 | $5.6B | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $8.9B | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.4B |
股东权益IFFREZI
| Q4 25 | $14.2B | $2.9B | ||
| Q3 25 | $14.2B | $2.8B | ||
| Q2 25 | $14.4B | $2.6B | ||
| Q1 25 | $13.2B | $3.3B | ||
| Q4 24 | $13.9B | $3.3B | ||
| Q3 24 | $14.8B | $3.4B | ||
| Q2 24 | $14.3B | $3.3B | ||
| Q1 24 | $14.3B | $2.8B |
总资产IFFREZI
| Q4 25 | $25.5B | $8.4B | ||
| Q3 25 | $25.8B | $8.2B | ||
| Q2 25 | $26.1B | $8.5B | ||
| Q1 25 | $28.3B | $8.1B | ||
| Q4 24 | $28.7B | $8.2B | ||
| Q3 24 | $29.9B | $8.1B | ||
| Q2 24 | $29.5B | $8.0B | ||
| Q1 24 | $30.6B | $6.5B |
负债/权益比IFFREZI
| Q4 25 | 0.40× | 1.11× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.64× | 0.61× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.61× | ||
| Q1 24 | — | 0.51× |
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 | $299.0M |
| 自由现金流经营现金流 - 资本支出 | $130.0M | $262.0M |
| 自由现金流率自由现金流/营收 | 5.0% | 13.8% |
| 资本支出强度资本支出/营收 | 7.3% | 2.0% |
| 现金转化率经营现金流/净利润 | 63.60× | 2.20× |
| 过去12个月自由现金流最近4个季度 | $256.0M | $-1.3B |
8季度趋势，按日历期对齐
经营现金流IFFREZI
| Q4 25 | $318.0M | $299.0M | ||
| Q3 25 | $164.0M | $-1.6B | ||
| Q2 25 | $241.0M | $200.0M | ||
| Q1 25 | $127.0M | $-65.0M | ||
| Q4 24 | $368.0M | $203.0M | ||
| Q3 24 | $366.0M | $147.0M | ||
| Q2 24 | $237.0M | $92.0M | ||
| Q1 24 | $99.0M | $2.0M |
自由现金流IFFREZI
| Q4 25 | $130.0M | $262.0M | ||
| Q3 25 | $32.0M | $-1.6B | ||
| Q2 25 | $146.0M | $180.0M | ||
| Q1 25 | $-52.0M | $-96.0M | ||
| Q4 24 | $208.0M | $181.0M | ||
| Q3 24 | $263.0M | $125.0M | ||
| Q2 24 | $155.0M | $77.0M | ||
| Q1 24 | $-19.0M | $-19.0M |
自由现金流率IFFREZI
| Q4 25 | 5.0% | 13.8% | ||
| Q3 25 | 1.2% | -85.8% | ||
| Q2 25 | 5.3% | 9.3% | ||
| Q1 25 | -1.8% | -5.4% | ||
| Q4 24 | 7.5% | 9.7% | ||
| Q3 24 | 9.0% | 6.8% | ||
| Q2 24 | 5.4% | 4.8% | ||
| Q1 24 | -0.7% | -1.3% |
资本支出强度IFFREZI
| Q4 25 | 7.3% | 2.0% | ||
| Q3 25 | 4.9% | 1.5% | ||
| Q2 25 | 3.4% | 1.0% | ||
| Q1 25 | 6.3% | 1.8% | ||
| Q4 24 | 5.8% | 1.2% | ||
| Q3 24 | 3.5% | 1.2% | ||
| Q2 24 | 2.8% | 0.9% | ||
| Q1 24 | 4.1% | 1.4% |
现金转化率IFFREZI
| Q4 25 | 63.60× | 2.20× | ||
| Q3 25 | 4.10× | -10.07× | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | — | -10.83× | ||
| Q4 24 | — | 8.83× | ||
| Q3 24 | 6.20× | 7.35× | ||
| Q2 24 | 1.39× | 3.07× | ||
| Q1 24 | 1.65× | 0.05× |
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% |
REZI
| ADI Global Distribution Segment | $1.2B | 62% |
| Safety And Security | $257.0M | 14% |
| Air | $211.0M | 11% |
| Energy Service | $153.0M | 8% |
| Public Utilities Inventory Water | $91.0M | 5% |
