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国际香精香料（IFF）与Vulcan Materials Company（VMC）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Vulcan Materials Company的1.4倍（$2.6B vs $1.9B），Vulcan Materials Company净利率更高（13.2% vs 0.2%，领先13.0%），Vulcan Materials Company同比增速更快（3.2% vs -6.6%），Vulcan Materials Company自由现金流更多（$358.2M vs $130.0M），过去两年Vulcan Materials Company的营收复合增速更高（11.2% 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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
IFF vs VMC — 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
VMC
高出9.7%
-6.6%
净利率更高
VMC
高出13.0%
0.2%
自由现金流更多
VMC
多$228.2M
$130.0M
两年增速更快
VMC
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 | $252.0M |
| 毛利率 | 34.4% | 25.5% |
| 营业利润率 | 3.7% | 19.8% |
| 净利率 | 0.2% | 13.2% |
| 营收同比 | -6.6% | 3.2% |
| 净利润同比 | 110.9% | -14.2% |
| 每股收益（稀释后） | $0.03 | $1.90 |
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IFFVMC
| Q4 25 | $2.6B | $1.9B | ||
| Q3 25 | $2.7B | $2.3B | ||
| Q2 25 | $2.8B | $2.1B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $2.8B | $1.9B | ||
| Q3 24 | $2.9B | $2.0B | ||
| Q2 24 | $2.9B | $2.0B | ||
| Q1 24 | $2.9B | $1.5B |
净利润IFFVMC
| Q4 25 | $5.0M | $252.0M | ||
| Q3 25 | $40.0M | $374.9M | ||
| Q2 25 | $612.0M | $320.9M | ||
| Q1 25 | $-1.0B | $128.9M | ||
| Q4 24 | $-46.0M | $293.6M | ||
| Q3 24 | $59.0M | $207.6M | ||
| Q2 24 | $170.0M | $308.0M | ||
| Q1 24 | $60.0M | $102.7M |
毛利率IFFVMC
| Q4 25 | 34.4% | 25.5% | ||
| Q3 25 | 36.5% | 30.4% | ||
| Q2 25 | 37.3% | 29.7% | ||
| Q1 25 | 36.4% | 22.3% | ||
| Q4 24 | 35.4% | 29.0% | ||
| Q3 24 | 36.0% | 28.2% | ||
| Q2 24 | 37.0% | 29.4% | ||
| Q1 24 | 35.3% | 19.7% |
营业利润率IFFVMC
| Q4 25 | 3.7% | 19.8% | ||
| Q3 25 | 8.4% | 23.7% | ||
| Q2 25 | 7.2% | 22.4% | ||
| Q1 25 | -31.8% | 13.9% | ||
| Q4 24 | 4.6% | 21.6% | ||
| Q3 24 | 8.5% | 16.8% | ||
| Q2 24 | 6.6% | 22.5% | ||
| Q1 24 | 6.9% | 11.2% |
净利率IFFVMC
| Q4 25 | 0.2% | 13.2% | ||
| Q3 25 | 1.5% | 16.4% | ||
| Q2 25 | 22.1% | 15.3% | ||
| Q1 25 | -35.8% | 7.9% | ||
| Q4 24 | -1.7% | 15.8% | ||
| Q3 24 | 2.0% | 10.4% | ||
| Q2 24 | 5.9% | 15.3% | ||
| Q1 24 | 2.1% | 6.6% |
每股收益（稀释后）IFFVMC
| Q4 25 | $0.03 | $1.90 | ||
| Q3 25 | $0.16 | $2.82 | ||
| Q2 25 | $2.38 | $2.42 | ||
| Q1 25 | $-3.98 | $0.97 | ||
| Q4 24 | $-0.17 | $2.21 | ||
| Q3 24 | $0.23 | $1.56 | ||
| Q2 24 | $0.66 | $2.31 | ||
| Q1 24 | $0.23 | $0.77 |
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 | $183.3M |
| 总债务越低越好 | $5.6B | $4.4B |
| 股东权益账面价值 | $14.2B | $8.5B |
| 总资产 | $25.5B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.40× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资IFFVMC
| Q4 25 | $590.0M | $183.3M | ||
| Q3 25 | $621.0M | $191.3M | ||
| Q2 25 | $816.0M | $347.4M | ||
| Q1 25 | $613.0M | $181.3M | ||
| Q4 24 | $469.0M | $559.7M | ||
| Q3 24 | $567.0M | $433.2M | ||
| Q2 24 | $671.0M | $111.0M | ||
| Q1 24 | $732.0M | $292.4M |
总债务IFFVMC
| Q4 25 | $5.6B | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | $8.9B | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.3B |
股东权益IFFVMC
| Q4 25 | $14.2B | $8.5B | ||
| Q3 25 | $14.2B | $8.7B | ||
| Q2 25 | $14.4B | $8.4B | ||
| Q1 25 | $13.2B | $8.1B | ||
| Q4 24 | $13.9B | $8.1B | ||
| Q3 24 | $14.8B | $7.9B | ||
| Q2 24 | $14.3B | $7.7B | ||
| Q1 24 | $14.3B | $7.5B |
总资产IFFVMC
| Q4 25 | $25.5B | $16.7B | ||
| Q3 25 | $25.8B | $17.0B | ||
| Q2 25 | $26.1B | $17.0B | ||
| Q1 25 | $28.3B | $16.7B | ||
| Q4 24 | $28.7B | $17.1B | ||
| Q3 24 | $29.9B | $14.4B | ||
| Q2 24 | $29.5B | $14.2B | ||
| Q1 24 | $30.6B | $13.9B |
负债/权益比IFFVMC
| Q4 25 | 0.40× | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.64× | 0.65× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.44× |
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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $130.0M | $358.2M |
| 自由现金流率自由现金流/营收 | 5.0% | 18.7% |
| 资本支出强度资本支出/营收 | 7.3% | 9.7% |
| 现金转化率经营现金流/净利润 | 63.60× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $256.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流IFFVMC
| Q4 25 | $318.0M | $543.0M | ||
| Q3 25 | $164.0M | $676.8M | ||
| Q2 25 | $241.0M | $341.7M | ||
| Q1 25 | $127.0M | $251.5M | ||
| Q4 24 | $368.0M | $440.1M | ||
| Q3 24 | $366.0M | $595.0M | ||
| Q2 24 | $237.0M | $201.1M | ||
| Q1 24 | $99.0M | $173.4M |
自由现金流IFFVMC
| Q4 25 | $130.0M | $358.2M | ||
| Q3 25 | $32.0M | $454.8M | ||
| Q2 25 | $146.0M | $238.8M | ||
| Q1 25 | $-52.0M | $83.5M | ||
| Q4 24 | $208.0M | $277.6M | ||
| Q3 24 | $263.0M | $498.2M | ||
| Q2 24 | $155.0M | $9.7M | ||
| Q1 24 | $-19.0M | $20.6M |
自由现金流率IFFVMC
| Q4 25 | 5.0% | 18.7% | ||
| Q3 25 | 1.2% | 19.8% | ||
| Q2 25 | 5.3% | 11.4% | ||
| Q1 25 | -1.8% | 5.1% | ||
| Q4 24 | 7.5% | 15.0% | ||
| Q3 24 | 9.0% | 24.9% | ||
| Q2 24 | 5.4% | 0.5% | ||
| Q1 24 | -0.7% | 1.3% |
资本支出强度IFFVMC
| Q4 25 | 7.3% | 9.7% | ||
| Q3 25 | 4.9% | 9.7% | ||
| Q2 25 | 3.4% | 4.9% | ||
| Q1 25 | 6.3% | 10.3% | ||
| Q4 24 | 5.8% | 8.8% | ||
| Q3 24 | 3.5% | 4.8% | ||
| Q2 24 | 2.8% | 9.5% | ||
| Q1 24 | 4.1% | 9.9% |
现金转化率IFFVMC
| Q4 25 | 63.60× | 2.15× | ||
| Q3 25 | 4.10× | 1.81× | ||
| Q2 25 | 0.39× | 1.06× | ||
| Q1 25 | — | 1.95× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | 6.20× | 2.87× | ||
| Q2 24 | 1.39× | 0.65× | ||
| Q1 24 | 1.65× | 1.69× |
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% |
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
