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国际香精香料（IFF）与碳博士控股（TANH）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碳博士控股的120.5倍（$2.6B vs $21.5M）。碳博士控股净利率更高（8.2% vs 0.2%，领先8.0%）。碳博士控股同比增速更快（-0.2% vs -6.6%）
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。
碳博士控股是一家总部位于中国的特种制造企业，主要从事竹炭制品、高性能清洁能源材料及环保消费品的研发、生产与销售，客户覆盖中国本土及全球多个市场的消费品、工业材料及新能源领域。
IFF vs TANH — 直观对比
营收规模更大
IFF
是对方的120.5倍
$21.5M
营收增速更快
TANH
高出6.4%
-6.6%
净利率更高
TANH
高出8.0%
0.2%
损益表 — Q4 2025 vs Q2 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $21.5M |
| 净利润 | $5.0M | $1.8M |
| 毛利率 | 34.4% | 22.2% |
| 营业利润率 | 3.7% | 10.8% |
| 净利率 | 0.2% | 8.2% |
| 营收同比 | -6.6% | -0.2% |
| 净利润同比 | 110.9% | 59.8% |
| 每股收益（稀释后） | $0.03 | — |
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IFFTANH
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.8B | $21.5M | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.9B | $21.5M | ||
| Q1 24 | $2.9B | — |
净利润IFFTANH
| Q4 25 | $5.0M | — | ||
| Q3 25 | $40.0M | — | ||
| Q2 25 | $612.0M | $1.8M | ||
| Q1 25 | $-1.0B | — | ||
| Q4 24 | $-46.0M | — | ||
| Q3 24 | $59.0M | — | ||
| Q2 24 | $170.0M | $1.1M | ||
| Q1 24 | $60.0M | — |
毛利率IFFTANH
| Q4 25 | 34.4% | — | ||
| Q3 25 | 36.5% | — | ||
| Q2 25 | 37.3% | 22.2% | ||
| Q1 25 | 36.4% | — | ||
| Q4 24 | 35.4% | — | ||
| Q3 24 | 36.0% | — | ||
| Q2 24 | 37.0% | 22.3% | ||
| Q1 24 | 35.3% | — |
营业利润率IFFTANH
| Q4 25 | 3.7% | — | ||
| Q3 25 | 8.4% | — | ||
| Q2 25 | 7.2% | 10.8% | ||
| Q1 25 | -31.8% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 8.5% | — | ||
| Q2 24 | 6.6% | 8.0% | ||
| Q1 24 | 6.9% | — |
净利率IFFTANH
| Q4 25 | 0.2% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 22.1% | 8.2% | ||
| Q1 25 | -35.8% | — | ||
| Q4 24 | -1.7% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 5.9% | 5.1% | ||
| Q1 24 | 2.1% | — |
每股收益（稀释后）IFFTANH
| Q4 25 | $0.03 | — | ||
| Q3 25 | $0.16 | — | ||
| Q2 25 | $2.38 | — | ||
| Q1 25 | $-3.98 | — | ||
| Q4 24 | $-0.17 | — | ||
| Q3 24 | $0.23 | — | ||
| Q2 24 | $0.66 | $0.21 | ||
| Q1 24 | $0.23 | — |
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 | $35.2M |
| 总债务越低越好 | $5.6B | — |
| 股东权益账面价值 | $14.2B | $128.3M |
| 总资产 | $25.5B | $143.0M |
| 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IFFTANH
| Q4 25 | $590.0M | — | ||
| Q3 25 | $621.0M | — | ||
| Q2 25 | $816.0M | $35.2M | ||
| Q1 25 | $613.0M | — | ||
| Q4 24 | $469.0M | — | ||
| Q3 24 | $567.0M | — | ||
| Q2 24 | $671.0M | $34.2M | ||
| Q1 24 | $732.0M | — |
总债务IFFTANH
| Q4 25 | $5.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IFFTANH
| Q4 25 | $14.2B | — | ||
| Q3 25 | $14.2B | — | ||
| Q2 25 | $14.4B | $128.3M | ||
| Q1 25 | $13.2B | — | ||
| Q4 24 | $13.9B | — | ||
| Q3 24 | $14.8B | — | ||
| Q2 24 | $14.3B | $126.0M | ||
| Q1 24 | $14.3B | — |
总资产IFFTANH
| Q4 25 | $25.5B | — | ||
| Q3 25 | $25.8B | — | ||
| Q2 25 | $26.1B | $143.0M | ||
| Q1 25 | $28.3B | — | ||
| Q4 24 | $28.7B | — | ||
| Q3 24 | $29.9B | — | ||
| Q2 24 | $29.5B | $142.2M | ||
| Q1 24 | $30.6B | — |
负债/权益比IFFTANH
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $130.0M | — |
| 自由现金流率自由现金流/营收 | 5.0% | — |
| 资本支出强度资本支出/营收 | 7.3% | — |
| 现金转化率经营现金流/净利润 | 63.60× | — |
| 过去12个月自由现金流最近4个季度 | $256.0M | — |
8季度趋势，按日历期对齐
经营现金流IFFTANH
| Q4 25 | $318.0M | — | ||
| Q3 25 | $164.0M | — | ||
| Q2 25 | $241.0M | — | ||
| Q1 25 | $127.0M | — | ||
| Q4 24 | $368.0M | — | ||
| Q3 24 | $366.0M | — | ||
| Q2 24 | $237.0M | $4.4M | ||
| Q1 24 | $99.0M | — |
自由现金流IFFTANH
| Q4 25 | $130.0M | — | ||
| Q3 25 | $32.0M | — | ||
| Q2 25 | $146.0M | — | ||
| Q1 25 | $-52.0M | — | ||
| Q4 24 | $208.0M | — | ||
| Q3 24 | $263.0M | — | ||
| Q2 24 | $155.0M | $4.4M | ||
| Q1 24 | $-19.0M | — |
自由现金流率IFFTANH
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 5.4% | 20.6% | ||
| Q1 24 | -0.7% | — |
资本支出强度IFFTANH
| Q4 25 | 7.3% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 3.5% | — | ||
| Q2 24 | 2.8% | 0.1% | ||
| Q1 24 | 4.1% | — |
现金转化率IFFTANH
| Q4 25 | 63.60× | — | ||
| Q3 25 | 4.10× | — | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.20× | — | ||
| Q2 24 | 1.39× | 4.01× | ||
| 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
IFF
| Food Ingredients | $802.0M | 31% |
| Scent | $610.0M | 24% |
| Other | $589.0M | 23% |
| Taste | $588.0M | 23% |
TANH
| Revenue from China | $20.9M | 97% |
| Revenue directly from foreign countries | $602.2K | 3% |
