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国际香精香料（IFF）与Westlake Chemical Partners LP（WLKP）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Westlake Chemical Partners LP的8.0倍（$2.6B vs $323.0M）。Westlake Chemical Partners LP净利率更高（4.5% vs 0.2%，领先4.3%）。Westlake Chemical Partners LP同比增速更快（11.4% vs -6.6%）。国际香精香料自由现金流更多（$130.0M vs $111.5M）。过去两年Westlake Chemical Partners LP的营收复合增速更高（6.5% 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。
Westlake Chemical Partners LP是一家石化领域有限合伙企业，主营乙烯、聚乙烯、苯乙烯单体等基础石化产品的生产与销售，核心市场覆盖北美地区，服务包装、建材、消费品、工业制造等下游行业客户。
IFF vs WLKP — 直观对比
营收规模更大
IFF
是对方的8.0倍
$323.0M
营收增速更快
WLKP
高出17.9%
-6.6%
净利率更高
WLKP
高出4.3%
0.2%
自由现金流更多
IFF
多$18.4M
$111.5M
两年增速更快
WLKP
近两年复合增速
-5.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $323.0M |
| 净利润 | $5.0M | $14.5M |
| 毛利率 | 34.4% | 30.0% |
| 营业利润率 | 3.7% | 27.8% |
| 净利率 | 0.2% | 4.5% |
| 营收同比 | -6.6% | 11.4% |
| 净利润同比 | 110.9% | -3.0% |
| 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IFFWLKP
| Q4 25 | $2.6B | $323.0M | ||
| Q3 25 | $2.7B | $308.9M | ||
| Q2 25 | $2.8B | $297.1M | ||
| Q1 25 | $2.8B | $237.6M | ||
| Q4 24 | $2.8B | $290.1M | ||
| Q3 24 | $2.9B | $277.0M | ||
| Q2 24 | $2.9B | $284.2M | ||
| Q1 24 | $2.9B | $284.7M |
净利润IFFWLKP
| Q4 25 | $5.0M | $14.5M | ||
| Q3 25 | $40.0M | $14.7M | ||
| Q2 25 | $612.0M | $14.6M | ||
| Q1 25 | $-1.0B | $4.9M | ||
| Q4 24 | $-46.0M | $15.0M | ||
| Q3 24 | $59.0M | $18.1M | ||
| Q2 24 | $170.0M | $14.4M | ||
| Q1 24 | $60.0M | $14.8M |
毛利率IFFWLKP
| Q4 25 | 34.4% | 30.0% | ||
| Q3 25 | 36.5% | 32.2% | ||
| Q2 25 | 37.3% | 32.8% | ||
| Q1 25 | 36.4% | 22.8% | ||
| Q4 24 | 35.4% | 34.0% | ||
| Q3 24 | 36.0% | 42.2% | ||
| Q2 24 | 37.0% | 35.6% | ||
| Q1 24 | 35.3% | 35.9% |
营业利润率IFFWLKP
| Q4 25 | 3.7% | 27.8% | ||
| Q3 25 | 8.4% | 29.8% | ||
| Q2 25 | 7.2% | 30.7% | ||
| Q1 25 | -31.8% | 19.6% | ||
| Q4 24 | 4.6% | 31.7% | ||
| Q3 24 | 8.5% | 39.6% | ||
| Q2 24 | 6.6% | 32.9% | ||
| Q1 24 | 6.9% | 33.4% |
净利率IFFWLKP
| Q4 25 | 0.2% | 4.5% | ||
| Q3 25 | 1.5% | 4.7% | ||
| Q2 25 | 22.1% | 4.9% | ||
| Q1 25 | -35.8% | 2.1% | ||
| Q4 24 | -1.7% | 5.2% | ||
| Q3 24 | 2.0% | 6.5% | ||
| Q2 24 | 5.9% | 5.1% | ||
| Q1 24 | 2.1% | 5.2% |
每股收益（稀释后）IFFWLKP
| 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 | $44.3M |
| 总债务越低越好 | $5.6B | — |
| 股东权益账面价值 | $14.2B | — |
| 总资产 | $25.5B | $1.3B |
| 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IFFWLKP
| Q4 25 | $590.0M | $44.3M | ||
| Q3 25 | $621.0M | $37.9M | ||
| Q2 25 | $816.0M | $36.6M | ||
| Q1 25 | $613.0M | $49.6M | ||
| Q4 24 | $469.0M | $58.3M | ||
| Q3 24 | $567.0M | $60.2M | ||
| Q2 24 | $671.0M | $66.0M | ||
| Q1 24 | $732.0M | $55.8M |
总债务IFFWLKP
| Q4 25 | $5.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IFFWLKP
| Q4 25 | $14.2B | — | ||
| Q3 25 | $14.2B | — | ||
| Q2 25 | $14.4B | — | ||
| Q1 25 | $13.2B | — | ||
| Q4 24 | $13.9B | — | ||
| Q3 24 | $14.8B | — | ||
| Q2 24 | $14.3B | — | ||
| Q1 24 | $14.3B | — |
总资产IFFWLKP
| Q4 25 | $25.5B | $1.3B | ||
| Q3 25 | $25.8B | $1.3B | ||
| Q2 25 | $26.1B | $1.3B | ||
| Q1 25 | $28.3B | $1.4B | ||
| Q4 24 | $28.7B | $1.3B | ||
| Q3 24 | $29.9B | $1.3B | ||
| Q2 24 | $29.5B | $1.3B | ||
| Q1 24 | $30.6B | $1.3B |
负债/权益比IFFWLKP
| 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 | $120.4M |
| 自由现金流经营现金流 - 资本支出 | $130.0M | $111.5M |
| 自由现金流率自由现金流/营收 | 5.0% | 34.5% |
| 资本支出强度资本支出/营收 | 7.3% | 2.7% |
| 现金转化率经营现金流/净利润 | 63.60× | 8.28× |
| 过去12个月自由现金流最近4个季度 | $256.0M | $201.7M |
8季度趋势，按日历期对齐
经营现金流IFFWLKP
| Q4 25 | $318.0M | $120.4M | ||
| Q3 25 | $164.0M | $105.2M | ||
| Q2 25 | $241.0M | $9.1M | ||
| Q1 25 | $127.0M | $45.8M | ||
| Q4 24 | $368.0M | $132.5M | ||
| Q3 24 | $366.0M | $126.1M | ||
| Q2 24 | $237.0M | $121.9M | ||
| Q1 24 | $99.0M | $104.6M |
自由现金流IFFWLKP
| Q4 25 | $130.0M | $111.5M | ||
| Q3 25 | $32.0M | $75.6M | ||
| Q2 25 | $146.0M | $-15.3M | ||
| Q1 25 | $-52.0M | $29.8M | ||
| Q4 24 | $208.0M | $119.0M | ||
| Q3 24 | $263.0M | $110.5M | ||
| Q2 24 | $155.0M | $111.7M | ||
| Q1 24 | $-19.0M | $94.8M |
自由现金流率IFFWLKP
| Q4 25 | 5.0% | 34.5% | ||
| Q3 25 | 1.2% | 24.5% | ||
| Q2 25 | 5.3% | -5.2% | ||
| Q1 25 | -1.8% | 12.6% | ||
| Q4 24 | 7.5% | 41.0% | ||
| Q3 24 | 9.0% | 39.9% | ||
| Q2 24 | 5.4% | 39.3% | ||
| Q1 24 | -0.7% | 33.3% |
资本支出强度IFFWLKP
| Q4 25 | 7.3% | 2.7% | ||
| Q3 25 | 4.9% | 9.6% | ||
| Q2 25 | 3.4% | 8.2% | ||
| Q1 25 | 6.3% | 6.7% | ||
| Q4 24 | 5.8% | 4.6% | ||
| Q3 24 | 3.5% | 5.6% | ||
| Q2 24 | 2.8% | 3.6% | ||
| Q1 24 | 4.1% | 3.4% |
现金转化率IFFWLKP
| Q4 25 | 63.60× | 8.28× | ||
| Q3 25 | 4.10× | 7.18× | ||
| Q2 25 | 0.39× | 0.62× | ||
| Q1 25 | — | 9.25× | ||
| Q4 24 | — | 8.83× | ||
| Q3 24 | 6.20× | 6.95× | ||
| Q2 24 | 1.39× | 8.45× | ||
| Q1 24 | 1.65× | 7.05× |
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% |
WLKP
| Affiliated Entity | $296.9M | 92% |
| Nonrelated Party | $26.2M | 8% |
