vs
林德（LIN）与摩根士丹利（MS）财务数据对比。点击上方公司名可切换其他公司
摩根士丹利的季度营收约是林德的1.2倍（$10.7B vs $8.8B），摩根士丹利同比增速更快（16.0% vs 8.2%），过去两年林德的营收复合增速更高（3.1% vs -15.8%）
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。
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
LIN vs MS — 直观对比
营收规模更大
MS
是对方的1.2倍
$8.8B
营收增速更快
MS
高出7.8%
8.2%
两年增速更快
LIN
近两年复合增速
-15.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $10.7B |
| 净利润 | — | $5.6B |
| 毛利率 | 48.5% | — |
| 营业利润率 | 27.8% | — |
| 净利率 | — | 52.6% |
| 营收同比 | 8.2% | 16.0% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $3.98 | — |
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LINMS
| Q1 26 | $8.8B | $10.7B | ||
| Q4 25 | $8.8B | $17.9B | ||
| Q3 25 | $8.6B | $18.2B | ||
| Q2 25 | $8.5B | $16.8B | ||
| Q1 25 | $8.1B | $17.7B | ||
| Q4 24 | $8.3B | — | ||
| Q3 24 | $8.4B | $15.4B | ||
| Q2 24 | $8.3B | $15.0B |
净利润LINMS
| Q1 26 | — | $5.6B | ||
| Q4 25 | $1.5B | $4.4B | ||
| Q3 25 | $1.9B | $4.6B | ||
| Q2 25 | $1.8B | $3.5B | ||
| Q1 25 | $1.7B | $4.3B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | $3.2B | ||
| Q2 24 | $1.7B | $3.1B |
毛利率LINMS
| Q1 26 | 48.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率LINMS
| Q1 26 | 27.8% | — | ||
| Q4 25 | 23.0% | 32.2% | ||
| Q3 25 | 27.5% | 33.1% | ||
| Q2 25 | 27.7% | 27.5% | ||
| Q1 25 | 26.9% | 31.3% | ||
| Q4 24 | 27.4% | — | ||
| Q3 24 | 25.0% | 27.4% | ||
| Q2 24 | 26.4% | 27.1% |
净利率LINMS
| Q1 26 | — | 52.6% | ||
| Q4 25 | 17.5% | 24.6% | ||
| Q3 25 | 22.4% | 25.3% | ||
| Q2 25 | 20.8% | 21.1% | ||
| Q1 25 | 20.6% | 24.3% | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 18.5% | 20.7% | ||
| Q2 24 | 20.1% | 20.5% |
每股收益（稀释后）LINMS
| Q1 26 | $3.98 | — | ||
| Q4 25 | $3.28 | $2.68 | ||
| Q3 25 | $4.09 | $2.80 | ||
| Q2 25 | $3.73 | $2.13 | ||
| Q1 25 | $3.51 | $2.60 | ||
| Q4 24 | $3.61 | — | ||
| Q3 24 | $3.22 | $1.88 | ||
| Q2 24 | $3.44 | $1.82 |
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 | $4.0B | — |
| 总债务越低越好 | $24.7B | — |
| 股东权益账面价值 | $40.1B | $5.1M |
| 总资产 | $86.3B | $1581.4B |
| 负债/权益比越低杠杆越低 | 0.62× | — |
8季度趋势，按日历期对齐
现金及短期投资LINMS
| Q1 26 | $4.0B | — | ||
| Q4 25 | $5.1B | $111.7B | ||
| Q3 25 | $4.5B | $103.7B | ||
| Q2 25 | $4.8B | $109.1B | ||
| Q1 25 | $5.3B | $90.7B | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $5.2B | $91.1B | ||
| Q2 24 | $4.6B | $90.2B |
总债务LINMS
| Q1 26 | $24.7B | — | ||
| Q4 25 | $20.7B | $341.7B | ||
| Q3 25 | $18.6B | $324.1B | ||
| Q2 25 | $19.7B | $320.1B | ||
| Q1 25 | $17.6B | $297.0B | ||
| Q4 24 | $15.3B | — | ||
| Q3 24 | $17.5B | $291.2B | ||
| Q2 24 | $16.9B | $269.9B |
股东权益LINMS
| Q1 26 | $40.1B | $5.1M | ||
| Q4 25 | $38.2B | $111.6B | ||
| Q3 25 | $38.6B | $110.0B | ||
| Q2 25 | $38.5B | $108.2B | ||
| Q1 25 | $38.0B | $106.8B | ||
| Q4 24 | $38.1B | — | ||
| Q3 24 | $39.2B | $103.6B | ||
| Q2 24 | $38.2B | $100.7B |
总资产LINMS
| Q1 26 | $86.3B | $1581.4B | ||
| Q4 25 | $86.8B | $1420.3B | ||
| Q3 25 | $86.0B | $1364.8B | ||
| Q2 25 | $86.1B | $1353.9B | ||
| Q1 25 | $82.7B | $1300.3B | ||
| Q4 24 | $80.1B | — | ||
| Q3 24 | $82.5B | $1258.0B | ||
| Q2 24 | $80.2B | $1212.4B |
负债/权益比LINMS
| Q1 26 | 0.62× | — | ||
| Q4 25 | 0.54× | 3.06× | ||
| Q3 25 | 0.48× | 2.95× | ||
| Q2 25 | 0.51× | 2.96× | ||
| Q1 25 | 0.46× | 2.78× | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.45× | 2.81× | ||
| Q2 24 | 0.44× | 2.68× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $898.0K | — |
| 自由现金流率自由现金流/营收 | 0.0% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $4.2B | — |
8季度趋势，按日历期对齐
经营现金流LINMS
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $-2.4B | ||
| Q3 25 | $2.9B | $-3.3B | ||
| Q2 25 | $2.2B | $11.8B | ||
| Q1 25 | $2.2B | $-24.0B | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $1.9B | — |
自由现金流LINMS
| Q1 26 | $898.0K | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $954.0M | — | ||
| Q1 25 | $891.0M | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $796.0M | — |
自由现金流率LINMS
| Q1 26 | 0.0% | — | ||
| Q4 25 | 17.9% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 11.0% | — | ||
| Q4 24 | 18.8% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 9.6% | — |
资本支出强度LINMS
| Q1 26 | — | — | ||
| Q4 25 | 16.6% | — | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 15.7% | — | ||
| Q4 24 | 15.1% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 13.7% | — |
现金转化率LINMS
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | -0.55× | ||
| Q3 25 | 1.53× | -0.72× | ||
| Q2 25 | 1.25× | 3.34× | ||
| Q1 25 | 1.29× | -5.56× | ||
| Q4 24 | 1.63× | — | ||
| Q3 24 | 1.76× | — | ||
| Q2 24 | 1.16× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
