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因塞特（INCY）与林肯电气（LECO）财务数据对比。点击上方公司名可切换其他公司
因塞特的季度营收约是林肯电气的1.2倍（$1.3B vs $1.1B），因塞特净利率更高（23.8% vs 12.6%，领先11.2%），因塞特同比增速更快（19.8% vs 5.5%），过去两年因塞特的营收复合增速更高（10.4% vs 4.9%）
因塞特是总部位于美国特拉华州威尔明顿的跨国制药企业，目前在北美、欧洲及亚洲多地设有生产基地与研发中心，专注于创新药物的研发、生产及商业化，为全球患者提供优质的治疗选择。
林肯电气是美国跨国焊接产品制造企业，总部位于俄亥俄州欧几里得市，主营弧焊设备、焊接配件、等离子及氧燃料切割设备、焊接机器人系统等，业务覆盖160余个国家和地区，在全球设有42个生产基地，同时在19个国家布局了生产联盟及合资企业。
INCY vs LECO — 直观对比
营收规模更大
INCY
是对方的1.2倍
$1.1B
营收增速更快
INCY
高出14.2%
5.5%
净利率更高
INCY
高出11.2%
12.6%
两年增速更快
INCY
近两年复合增速
4.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.1B |
| 净利润 | $303.3M | $136.0M |
| 毛利率 | — | 34.7% |
| 营业利润率 | 23.7% | 17.1% |
| 净利率 | 23.8% | 12.6% |
| 营收同比 | 19.8% | 5.5% |
| 净利润同比 | 91.7% | -3.0% |
| 每股收益（稀释后） | $1.47 | $2.45 |
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INCYLECO
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.1B | $983.8M | ||
| Q2 24 | $1.0B | $1.0B |
净利润INCYLECO
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | $136.0M | ||
| Q3 25 | $424.2M | $122.6M | ||
| Q2 25 | $405.0M | $143.4M | ||
| Q1 25 | $158.2M | $118.5M | ||
| Q4 24 | $201.2M | $140.2M | ||
| Q3 24 | $106.5M | $100.8M | ||
| Q2 24 | $-444.6M | $101.7M |
毛利率INCYLECO
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | 34.7% | ||
| Q3 25 | 92.8% | 36.7% | ||
| Q2 25 | 93.5% | 37.3% | ||
| Q1 25 | 93.0% | 36.4% | ||
| Q4 24 | 92.5% | 36.1% | ||
| Q3 24 | 92.4% | 35.8% | ||
| Q2 24 | 92.7% | 37.6% |
营业利润率INCYLECO
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | 17.1% | ||
| Q3 25 | 32.5% | 16.6% | ||
| Q2 25 | 43.6% | 17.6% | ||
| Q1 25 | 19.5% | 16.4% | ||
| Q4 24 | 25.6% | 17.3% | ||
| Q3 24 | 12.8% | 14.8% | ||
| Q2 24 | -45.8% | 14.6% |
净利率INCYLECO
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | 12.6% | ||
| Q3 25 | 31.1% | 11.6% | ||
| Q2 25 | 33.3% | 13.2% | ||
| Q1 25 | 15.0% | 11.8% | ||
| Q4 24 | 17.1% | 13.7% | ||
| Q3 24 | 9.4% | 10.2% | ||
| Q2 24 | -42.6% | 10.0% |
每股收益（稀释后）INCYLECO
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | $2.45 | ||
| Q3 25 | $2.11 | $2.21 | ||
| Q2 25 | $2.04 | $2.56 | ||
| Q1 25 | $0.80 | $2.10 | ||
| Q4 24 | $0.90 | $2.47 | ||
| Q3 24 | $0.54 | $1.77 | ||
| Q2 24 | $-2.04 | $1.77 |
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 | — | $308.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.6B | $1.5B |
| 总资产 | $7.3B | $3.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资INCYLECO
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $308.8M | ||
| Q3 25 | $2.5B | $293.0M | ||
| Q2 25 | $2.0B | $299.5M | ||
| Q1 25 | $1.9B | $394.7M | ||
| Q4 24 | $1.7B | $377.3M | ||
| Q3 24 | $1.3B | $404.2M | ||
| Q2 24 | $987.3M | $272.7M |
股东权益INCYLECO
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.2B | $1.5B | ||
| Q3 25 | $4.7B | $1.4B | ||
| Q2 25 | $4.2B | $1.4B | ||
| Q1 25 | $3.7B | $1.3B | ||
| Q4 24 | $3.4B | $1.3B | ||
| Q3 24 | $3.2B | $1.3B | ||
| Q2 24 | $3.0B | $1.3B |
总资产INCYLECO
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | $3.8B | ||
| Q3 25 | $6.3B | $3.8B | ||
| Q2 25 | $5.8B | $3.7B | ||
| Q1 25 | $5.7B | $3.6B | ||
| Q4 24 | $5.4B | $3.5B | ||
| Q3 24 | $5.0B | $3.7B | ||
| Q2 24 | $4.7B | $3.4B |
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 | — | $95.0M |
| 自由现金流经营现金流 - 资本支出 | — | $52.0M |
| 自由现金流率自由现金流/营收 | — | 4.8% |
| 资本支出强度资本支出/营收 | — | 4.0% |
| 现金转化率经营现金流/净利润 | — | 0.70× |
| 过去12个月自由现金流最近4个季度 | — | $534.2M |
8季度趋势，按日历期对齐
经营现金流INCYLECO
| Q1 26 | — | — | ||
| Q4 25 | $543.3M | $95.0M | ||
| Q3 25 | $559.4M | $236.7M | ||
| Q2 25 | $44.7M | $143.8M | ||
| Q1 25 | $266.1M | $185.7M | ||
| Q4 24 | $381.2M | $95.8M | ||
| Q3 24 | $310.9M | $199.2M | ||
| Q2 24 | $-575.6M | $170.7M |
自由现金流INCYLECO
| Q1 26 | — | — | ||
| Q4 25 | — | $52.0M | ||
| Q3 25 | — | $205.1M | ||
| Q2 25 | — | $118.4M | ||
| Q1 25 | — | $158.7M | ||
| Q4 24 | — | $64.3M | ||
| Q3 24 | — | $163.5M | ||
| Q2 24 | — | $147.5M |
自由现金流率INCYLECO
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 15.8% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 16.6% | ||
| Q2 24 | — | 14.4% |
资本支出强度INCYLECO
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 2.3% |
现金转化率INCYLECO
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 0.70× | ||
| Q3 25 | 1.32× | 1.93× | ||
| Q2 25 | 0.11× | 1.00× | ||
| Q1 25 | 1.68× | 1.57× | ||
| Q4 24 | 1.89× | 0.68× | ||
| Q3 24 | 2.92× | 1.98× | ||
| Q2 24 | — | 1.68× |
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
INCY
暂无分部数据
LECO
| Americas Welding | $681.9M | 63% |
| International Welding | $259.4M | 24% |
| Harris Products Group | $137.4M | 13% |
