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江森自控（JCI）与林德（LIN）财务数据对比。点击上方公司名可切换其他公司
林德的季度营收约是江森自控的1.5倍（$8.8B vs $5.8B），林德净利率更高（17.5% vs 9.0%，领先8.4%），江森自控同比增速更快（6.8% vs 5.8%），林德自由现金流更多（$1.6B vs $531.0M），过去两年林德的营收复合增速更高（4.0% vs -7.0%）
江森自控是总部位于爱尔兰科克的跨国综合企业，专注于为各类建筑提供消防、暖通空调及安防设备，业务覆盖六大洲近2000个地点，2019年中期员工规模达10.5万人，曾位列2017年《财富》全球500强第389位。
林德是全球知名跨国化工企业，按市场份额及营收计为全球最大工业气体供应商。公司1879年由德国科学家、工程师卡尔·冯·林德在德国威斯巴登创立，现总部位于英国沃金，在爱尔兰注册，2018年由原林德股份公司与1907年在美国成立的普莱克斯合并组建。
JCI vs LIN — 直观对比
营收规模更大
LIN
是对方的1.5倍
$5.8B
营收增速更快
JCI
高出1.0%
5.8%
净利率更高
LIN
高出8.4%
9.0%
自由现金流更多
LIN
多$1.0B
$531.0M
两年增速更快
LIN
近两年复合增速
-7.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.8B | $8.8B |
| 净利润 | $524.0M | $1.5B |
| 毛利率 | 35.8% | — |
| 营业利润率 | — | 23.0% |
| 净利率 | 9.0% | 17.5% |
| 营收同比 | 6.8% | 5.8% |
| 净利润同比 | 25.1% | -11.3% |
| 每股收益（稀释后） | $0.85 | $3.28 |
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JCILIN
| Q4 25 | $5.8B | $8.8B | ||
| Q3 25 | $6.4B | $8.6B | ||
| Q2 25 | $6.1B | $8.5B | ||
| Q1 25 | $5.7B | $8.1B | ||
| Q4 24 | $5.4B | $8.3B | ||
| Q3 24 | $2.9B | $8.4B | ||
| Q2 24 | $7.2B | $8.3B | ||
| Q1 24 | $6.7B | $8.1B |
净利润JCILIN
| Q4 25 | $524.0M | $1.5B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $701.0M | $1.8B | ||
| Q1 25 | $478.0M | $1.7B | ||
| Q4 24 | $419.0M | $1.7B | ||
| Q3 24 | $633.0M | $1.6B | ||
| Q2 24 | $975.0M | $1.7B | ||
| Q1 24 | $-277.0M | $1.6B |
毛利率JCILIN
| Q4 25 | 35.8% | — | ||
| Q3 25 | 36.5% | — | ||
| Q2 25 | 37.1% | — | ||
| Q1 25 | 36.5% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 48.4% | — | ||
| Q2 24 | 34.4% | — | ||
| Q1 24 | 32.6% | — |
营业利润率JCILIN
| Q4 25 | — | 23.0% | ||
| Q3 25 | 5.5% | 27.5% | ||
| Q2 25 | 11.6% | 27.7% | ||
| Q1 25 | 8.8% | 26.9% | ||
| Q4 24 | 7.5% | 27.4% | ||
| Q3 24 | 6.9% | 25.0% | ||
| Q2 24 | 17.7% | 26.4% | ||
| Q1 24 | -5.4% | 25.9% |
净利率JCILIN
| Q4 25 | 9.0% | 17.5% | ||
| Q3 25 | 26.3% | 22.4% | ||
| Q2 25 | 11.6% | 20.8% | ||
| Q1 25 | 8.4% | 20.6% | ||
| Q4 24 | 7.7% | 20.8% | ||
| Q3 24 | 21.6% | 18.5% | ||
| Q2 24 | 13.5% | 20.1% | ||
| Q1 24 | -4.1% | 20.1% |
每股收益（稀释后）JCILIN
| Q4 25 | $0.85 | $3.28 | ||
| Q3 25 | $2.61 | $4.09 | ||
| Q2 25 | $1.07 | $3.73 | ||
| Q1 25 | $0.72 | $3.51 | ||
| Q4 24 | $0.63 | $3.61 | ||
| Q3 24 | $0.93 | $3.22 | ||
| Q2 24 | $1.45 | $3.44 | ||
| Q1 24 | $-0.41 | $3.35 |
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 | $552.0M | $5.1B |
| 总债务越低越好 | $8.7B | $20.7B |
| 股东权益账面价值 | $13.2B | $38.2B |
| 总资产 | $38.0B | $86.8B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资JCILIN
| Q4 25 | $552.0M | $5.1B | ||
| Q3 25 | $379.0M | $4.5B | ||
| Q2 25 | $731.0M | $4.8B | ||
| Q1 25 | $795.0M | $5.3B | ||
| Q4 24 | $1.2B | $4.8B | ||
| Q3 24 | $606.0M | $5.2B | ||
| Q2 24 | $862.0M | $4.6B | ||
| Q1 24 | $843.0M | $4.8B |
总债务JCILIN
| Q4 25 | $8.7B | $20.7B | ||
| Q3 25 | $8.6B | $18.6B | ||
| Q2 25 | $8.4B | $19.7B | ||
| Q1 25 | $8.2B | $17.6B | ||
| Q4 24 | $8.6B | $15.3B | ||
| Q3 24 | $8.0B | $17.5B | ||
| Q2 24 | $7.9B | $16.9B | ||
| Q1 24 | $7.3B | $15.2B |
股东权益JCILIN
| Q4 25 | $13.2B | $38.2B | ||
| Q3 25 | $12.9B | $38.6B | ||
| Q2 25 | $15.8B | $38.5B | ||
| Q1 25 | $15.8B | $38.0B | ||
| Q4 24 | $15.9B | $38.1B | ||
| Q3 24 | $16.1B | $39.2B | ||
| Q2 24 | $16.0B | $38.2B | ||
| Q1 24 | $15.7B | $38.8B |
总资产JCILIN
| Q4 25 | $38.0B | $86.8B | ||
| Q3 25 | $37.9B | $86.0B | ||
| Q2 25 | $43.4B | $86.1B | ||
| Q1 25 | $42.4B | $82.7B | ||
| Q4 24 | $42.1B | $80.1B | ||
| Q3 24 | $42.7B | $82.5B | ||
| Q2 24 | $43.3B | $80.2B | ||
| Q1 24 | $43.5B | $80.3B |
负债/权益比JCILIN
| Q4 25 | 0.66× | 0.54× | ||
| Q3 25 | 0.66× | 0.48× | ||
| Q2 25 | 0.53× | 0.51× | ||
| Q1 25 | 0.52× | 0.46× | ||
| Q4 24 | 0.54× | 0.40× | ||
| Q3 24 | 0.50× | 0.45× | ||
| Q2 24 | 0.49× | 0.44× | ||
| Q1 24 | 0.47× | 0.39× |
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 | $611.0M | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $531.0M | $1.6B |
| 自由现金流率自由现金流/营收 | 9.2% | 17.9% |
| 资本支出强度资本支出/营收 | 1.4% | 16.6% |
| 现金转化率经营现金流/净利润 | 1.17× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $5.1B |
8季度趋势，按日历期对齐
经营现金流JCILIN
| Q4 25 | $611.0M | $3.0B | ||
| Q3 25 | $968.0M | $2.9B | ||
| Q2 25 | $787.0M | $2.2B | ||
| Q1 25 | $550.0M | $2.2B | ||
| Q4 24 | $249.0M | $2.8B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.0B | $1.9B | ||
| Q1 24 | $-203.0M | $2.0B |
自由现金流JCILIN
| Q4 25 | $531.0M | $1.6B | ||
| Q3 25 | $838.0M | $1.7B | ||
| Q2 25 | $693.0M | $954.0M | ||
| Q1 25 | $456.0M | $891.0M | ||
| Q4 24 | $133.0M | $1.6B | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $922.0M | $796.0M | ||
| Q1 24 | $-336.0M | $906.0M |
自由现金流率JCILIN
| Q4 25 | 9.2% | 17.9% | ||
| Q3 25 | 13.0% | 19.4% | ||
| Q2 25 | 11.5% | 11.2% | ||
| Q1 25 | 8.0% | 11.0% | ||
| Q4 24 | 2.5% | 18.8% | ||
| Q3 24 | 40.4% | 19.9% | ||
| Q2 24 | 12.8% | 9.6% | ||
| Q1 24 | -5.0% | 11.2% |
资本支出强度JCILIN
| Q4 25 | 1.4% | 16.6% | ||
| Q3 25 | 2.0% | 14.8% | ||
| Q2 25 | 1.6% | 14.8% | ||
| Q1 25 | 1.7% | 15.7% | ||
| Q4 24 | 2.1% | 15.1% | ||
| Q3 24 | 5.8% | 12.8% | ||
| Q2 24 | 1.4% | 13.7% | ||
| Q1 24 | 2.0% | 12.9% |
现金转化率JCILIN
| Q4 25 | 1.17× | 1.98× | ||
| Q3 25 | 0.57× | 1.53× | ||
| Q2 25 | 1.12× | 1.25× | ||
| Q1 25 | 1.15× | 1.29× | ||
| Q4 24 | 0.59× | 1.63× | ||
| Q3 24 | 2.14× | 1.76× | ||
| Q2 24 | 1.05× | 1.16× | ||
| Q1 24 | — | 1.20× |
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
JCI
| Productsand Systems | $3.9B | 67% |
| Services | $1.9B | 33% |
LIN
| Other | $4.9B | 56% |
| Packaged Gas | $1.6B | 19% |
| Merchant | $1.2B | 14% |
| On Site | $950.0M | 11% |
| Other Distribution Methods | $64.0M | 1% |
