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国际香精香料（IFF）与WEC Energy Group（WEC）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WEC Energy Group的1.0倍（$2.6B vs $2.5B），WEC Energy Group净利率更高（12.5% vs 0.2%，领先12.3%），WEC Energy Group同比增速更快（11.1% vs -6.6%），过去两年WEC Energy Group的营收复合增速更高（-2.7% 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。
WEC能源集团是总部位于美国威斯康星州密尔沃基的知名能源企业，业务覆盖美国四个州，为总计440万用户提供可靠的电力及天然气供应服务，是北美地区颇具规模的区域性能源服务商。
IFF vs WEC — 直观对比
营收规模更大
IFF
是对方的1.0倍
$2.5B
营收增速更快
WEC
高出17.6%
-6.6%
净利率更高
WEC
高出12.3%
0.2%
两年增速更快
WEC
近两年复合增速
-5.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.5B |
| 净利润 | $5.0M | $316.8M |
| 毛利率 | 34.4% | 63.7% |
| 营业利润率 | 3.7% | 17.9% |
| 净利率 | 0.2% | 12.5% |
| 营收同比 | -6.6% | 11.1% |
| 净利润同比 | 110.9% | -30.1% |
| 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IFFWEC
| Q4 25 | $2.6B | $2.5B | ||
| Q3 25 | $2.7B | $2.1B | ||
| Q2 25 | $2.8B | $2.0B | ||
| Q1 25 | $2.8B | $3.1B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $2.9B | $1.9B | ||
| Q2 24 | $2.9B | $1.8B | ||
| Q1 24 | $2.9B | $2.7B |
净利润IFFWEC
| Q4 25 | $5.0M | $316.8M | ||
| Q3 25 | $40.0M | $270.2M | ||
| Q2 25 | $612.0M | $243.0M | ||
| Q1 25 | $-1.0B | $725.5M | ||
| Q4 24 | $-46.0M | $453.1M | ||
| Q3 24 | $59.0M | $238.6M | ||
| Q2 24 | $170.0M | $210.0M | ||
| Q1 24 | $60.0M | $622.6M |
毛利率IFFWEC
| Q4 25 | 34.4% | 63.7% | ||
| Q3 25 | 36.5% | 71.1% | ||
| Q2 25 | 37.3% | 71.6% | ||
| Q1 25 | 36.4% | 63.0% | ||
| Q4 24 | 35.4% | 67.7% | ||
| Q3 24 | 36.0% | 72.1% | ||
| Q2 24 | 37.0% | 73.5% | ||
| Q1 24 | 35.3% | 65.4% |
营业利润率IFFWEC
| Q4 25 | 3.7% | 17.9% | ||
| Q3 25 | 8.4% | 21.4% | ||
| Q2 25 | 7.2% | 20.1% | ||
| Q1 25 | -31.8% | 29.8% | ||
| Q4 24 | 4.6% | 25.9% | ||
| Q3 24 | 8.5% | 20.6% | ||
| Q2 24 | 6.6% | 20.6% | ||
| Q1 24 | 6.9% | 30.3% |
净利率IFFWEC
| Q4 25 | 0.2% | 12.5% | ||
| Q3 25 | 1.5% | 12.8% | ||
| Q2 25 | 22.1% | 12.1% | ||
| Q1 25 | -35.8% | 23.0% | ||
| Q4 24 | -1.7% | 19.8% | ||
| Q3 24 | 2.0% | 12.8% | ||
| Q2 24 | 5.9% | 11.9% | ||
| Q1 24 | 2.1% | 23.2% |
每股收益（稀释后）IFFWEC
| 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 | — | ||
| 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 | $27.6M |
| 总债务越低越好 | $5.6B | $20.0B |
| 股东权益账面价值 | $14.2B | $14.1B |
| 总资产 | $25.5B | $51.5B |
| 负债/权益比越低杠杆越低 | 0.40× | 1.42× |
8季度趋势，按日历期对齐
现金及短期投资IFFWEC
| Q4 25 | $590.0M | $27.6M | ||
| Q3 25 | $621.0M | $51.1M | ||
| Q2 25 | $816.0M | $23.0M | ||
| Q1 25 | $613.0M | $82.2M | ||
| Q4 24 | $469.0M | $9.8M | ||
| Q3 24 | $567.0M | $322.5M | ||
| Q2 24 | $671.0M | $224.0M | ||
| Q1 24 | $732.0M | $38.9M |
总债务IFFWEC
| Q4 25 | $5.6B | $20.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | $18.9B | ||
| Q3 24 | — | $16.9B | ||
| Q2 24 | — | $16.9B | ||
| Q1 24 | — | $15.4B |
股东权益IFFWEC
| Q4 25 | $14.2B | $14.1B | ||
| Q3 25 | $14.2B | $14.0B | ||
| Q2 25 | $14.4B | $13.7B | ||
| Q1 25 | $13.2B | $13.4B | ||
| Q4 24 | $13.9B | $12.8B | ||
| Q3 24 | $14.8B | $12.4B | ||
| Q2 24 | $14.3B | $12.4B | ||
| Q1 24 | $14.3B | $12.4B |
总资产IFFWEC
| Q4 25 | $25.5B | $51.5B | ||
| Q3 25 | $25.8B | $49.8B | ||
| Q2 25 | $26.1B | $48.5B | ||
| Q1 25 | $28.3B | $48.2B | ||
| Q4 24 | $28.7B | $47.4B | ||
| Q3 24 | $29.9B | $45.2B | ||
| Q2 24 | $29.5B | $44.6B | ||
| Q1 24 | $30.6B | $43.9B |
负债/权益比IFFWEC
| Q4 25 | 0.40× | 1.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.64× | 1.48× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.24× |
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 | $424.6M |
| 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× | 1.34× |
| 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IFFWEC
| Q4 25 | $318.0M | $424.6M | ||
| Q3 25 | $164.0M | $938.9M | ||
| Q2 25 | $241.0M | $853.3M | ||
| Q1 25 | $127.0M | $1.2B | ||
| Q4 24 | $368.0M | $581.8M | ||
| Q3 24 | $366.0M | $729.0M | ||
| Q2 24 | $237.0M | $1.0B | ||
| Q1 24 | $99.0M | $863.6M |
自由现金流IFFWEC
| Q4 25 | $130.0M | — | ||
| Q3 25 | $32.0M | $-625.7M | ||
| Q2 25 | $146.0M | $23.9M | ||
| Q1 25 | $-52.0M | $461.5M | ||
| Q4 24 | $208.0M | — | ||
| Q3 24 | $263.0M | $-67.3M | ||
| Q2 24 | $155.0M | $343.5M | ||
| Q1 24 | $-19.0M | $419.1M |
自由现金流率IFFWEC
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.2% | -29.7% | ||
| Q2 25 | 5.3% | 1.2% | ||
| Q1 25 | -1.8% | 14.7% | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 9.0% | -3.6% | ||
| Q2 24 | 5.4% | 19.4% | ||
| Q1 24 | -0.7% | 15.6% |
资本支出强度IFFWEC
| Q4 25 | 7.3% | — | ||
| Q3 25 | 4.9% | 74.4% | ||
| Q2 25 | 3.4% | 41.3% | ||
| Q1 25 | 6.3% | 22.3% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 3.5% | 42.7% | ||
| Q2 24 | 2.8% | 39.2% | ||
| Q1 24 | 4.1% | 16.6% |
现金转化率IFFWEC
| Q4 25 | 63.60× | 1.34× | ||
| Q3 25 | 4.10× | 3.47× | ||
| Q2 25 | 0.39× | 3.51× | ||
| Q1 25 | — | 1.60× | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | 6.20× | 3.06× | ||
| Q2 24 | 1.39× | 4.94× | ||
| Q1 24 | 1.65× | 1.39× |
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% |
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
