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林德（LIN）与NL INDUSTRIES INC（NL）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NL INDUSTRIES INC的232.5倍（$8.8B vs $37.7M）。林德净利率更高（17.5% vs -82.2%，领先99.6%）。林德同比增速更快（5.8% vs -1.9%）。林德自由现金流更多（$1.6B vs $-4.7M）。过去两年林德的营收复合增速更高（4.0% vs -0.4%）
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。
NL工业公司前身为国民铅业公司，是一家铅冶炼企业，目前总部位于美国得克萨斯州休斯顿。该企业历史底蕴深厚，早在1896年5月26日道琼斯工业平均指数创立之初，NL工业就是最初纳入指数的12只成分股之一。
LIN vs NL — 直观对比
营收规模更大
LIN
是对方的232.5倍
$37.7M
营收增速更快
LIN
高出7.7%
-1.9%
净利率更高
LIN
高出99.6%
-82.2%
自由现金流更多
LIN
多$1.6B
$-4.7M
两年增速更快
LIN
近两年复合增速
-0.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $37.7M |
| 净利润 | $1.5B | $-31.0M |
| 毛利率 | — | 32.1% |
| 营业利润率 | 23.0% | 7.6% |
| 净利率 | 17.5% | -82.2% |
| 营收同比 | 5.8% | -1.9% |
| 净利润同比 | -11.3% | -287.2% |
| 每股收益（稀释后） | $3.28 | $-0.63 |
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LINNL
| Q4 25 | $8.8B | $37.7M | ||
| Q3 25 | $8.6B | $40.0M | ||
| Q2 25 | $8.5B | $40.4M | ||
| Q1 25 | $8.1B | $40.3M | ||
| Q4 24 | $8.3B | $38.4M | ||
| Q3 24 | $8.4B | $33.7M | ||
| Q2 24 | $8.3B | $35.9M | ||
| Q1 24 | $8.1B | $38.0M |
净利润LINNL
| Q4 25 | $1.5B | $-31.0M | ||
| Q3 25 | $1.9B | $-7.9M | ||
| Q2 25 | $1.8B | $355.0K | ||
| Q1 25 | $1.7B | $667.0K | ||
| Q4 24 | $1.7B | $16.5M | ||
| Q3 24 | $1.6B | $36.0M | ||
| Q2 24 | $1.7B | $7.8M | ||
| Q1 24 | $1.6B | $6.8M |
毛利率LINNL
| Q4 25 | — | 32.1% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 30.2% | ||
| Q4 24 | — | 28.8% | ||
| Q3 24 | — | 28.1% | ||
| Q2 24 | — | 31.1% | ||
| Q1 24 | — | 25.5% |
营业利润率LINNL
| Q4 25 | 23.0% | 7.6% | ||
| Q3 25 | 27.5% | 4.6% | ||
| Q2 25 | 27.7% | 6.9% | ||
| Q1 25 | 26.9% | 7.8% | ||
| Q4 24 | 27.4% | 87.7% | ||
| Q3 24 | 25.0% | 6.0% | ||
| Q2 24 | 26.4% | 2.2% | ||
| Q1 24 | 25.9% | 3.6% |
净利率LINNL
| Q4 25 | 17.5% | -82.2% | ||
| Q3 25 | 22.4% | -19.7% | ||
| Q2 25 | 20.8% | 0.9% | ||
| Q1 25 | 20.6% | 1.7% | ||
| Q4 24 | 20.8% | 43.1% | ||
| Q3 24 | 18.5% | 107.0% | ||
| Q2 24 | 20.1% | 21.8% | ||
| Q1 24 | 20.1% | 18.0% |
每股收益（稀释后）LINNL
| Q4 25 | $3.28 | $-0.63 | ||
| Q3 25 | $4.09 | $-0.16 | ||
| Q2 25 | $3.73 | $0.01 | ||
| Q1 25 | $3.51 | $0.01 | ||
| Q4 24 | $3.61 | $0.34 | ||
| Q3 24 | $3.22 | $0.74 | ||
| Q2 24 | $3.44 | $0.16 | ||
| Q1 24 | $3.35 | $0.14 |
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 | $5.1B | $110.6M |
| 总债务越低越好 | $20.7B | — |
| 股东权益账面价值 | $38.2B | $358.8M |
| 总资产 | $86.8B | $464.2M |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资LINNL
| Q4 25 | $5.1B | $110.6M | ||
| Q3 25 | $4.5B | $101.9M | ||
| Q2 25 | $4.8B | $111.5M | ||
| Q1 25 | $5.3B | $110.0M | ||
| Q4 24 | $4.8B | $163.2M | ||
| Q3 24 | $5.2B | $146.0M | ||
| Q2 24 | $4.6B | $179.4M | ||
| Q1 24 | $4.8B | $167.9M |
总债务LINNL
| Q4 25 | $20.7B | — | ||
| Q3 25 | $18.6B | — | ||
| Q2 25 | $19.7B | — | ||
| Q1 25 | $17.6B | — | ||
| Q4 24 | $15.3B | — | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $16.9B | — | ||
| Q1 24 | $15.2B | — |
股东权益LINNL
| Q4 25 | $38.2B | $358.8M | ||
| Q3 25 | $38.6B | $375.4M | ||
| Q2 25 | $38.5B | $397.6M | ||
| Q1 25 | $38.0B | $397.6M | ||
| Q4 24 | $38.1B | $396.9M | ||
| Q3 24 | $39.2B | $386.0M | ||
| Q2 24 | $38.2B | $373.1M | ||
| Q1 24 | $38.8B | $368.1M |
总资产LINNL
| Q4 25 | $86.8B | $464.2M | ||
| Q3 25 | $86.0B | $500.2M | ||
| Q2 25 | $86.1B | $523.7M | ||
| Q1 25 | $82.7B | $520.0M | ||
| Q4 24 | $80.1B | $578.3M | ||
| Q3 24 | $82.5B | $585.6M | ||
| Q2 24 | $80.2B | $580.0M | ||
| Q1 24 | $80.3B | $568.8M |
负债/权益比LINNL
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | 0.44× | — | ||
| Q1 24 | 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 | $3.0B | $-4.2M |
| 自由现金流经营现金流 - 资本支出 | $1.6B | $-4.7M |
| 自由现金流率自由现金流/营收 | 17.9% | -12.6% |
| 资本支出强度资本支出/营收 | 16.6% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.98× | — |
| 过去12个月自由现金流最近4个季度 | $5.1B | $-40.1M |
8季度趋势，按日历期对齐
经营现金流LINNL
| Q4 25 | $3.0B | $-4.2M | ||
| Q3 25 | $2.9B | $7.9M | ||
| Q2 25 | $2.2B | $7.3M | ||
| Q1 25 | $2.2B | $-47.5M | ||
| Q4 24 | $2.8B | $9.0M | ||
| Q3 24 | $2.7B | $-5.7M | ||
| Q2 24 | $1.9B | $15.5M | ||
| Q1 24 | $2.0B | $6.7M |
自由现金流LINNL
| Q4 25 | $1.6B | $-4.7M | ||
| Q3 25 | $1.7B | $7.0M | ||
| Q2 25 | $954.0M | $5.9M | ||
| Q1 25 | $891.0M | $-48.3M | ||
| Q4 24 | $1.6B | $8.7M | ||
| Q3 24 | $1.7B | $-6.1M | ||
| Q2 24 | $796.0M | $15.1M | ||
| Q1 24 | $906.0M | $6.4M |
自由现金流率LINNL
| Q4 25 | 17.9% | -12.6% | ||
| Q3 25 | 19.4% | 17.4% | ||
| Q2 25 | 11.2% | 14.7% | ||
| Q1 25 | 11.0% | -119.9% | ||
| Q4 24 | 18.8% | 22.8% | ||
| Q3 24 | 19.9% | -18.3% | ||
| Q2 24 | 9.6% | 42.1% | ||
| Q1 24 | 11.2% | 17.0% |
资本支出强度LINNL
| Q4 25 | 16.6% | 1.6% | ||
| Q3 25 | 14.8% | 2.5% | ||
| Q2 25 | 14.8% | 3.3% | ||
| Q1 25 | 15.7% | 2.0% | ||
| Q4 24 | 15.1% | 0.6% | ||
| Q3 24 | 12.8% | 1.4% | ||
| Q2 24 | 13.7% | 1.2% | ||
| Q1 24 | 12.9% | 0.8% |
现金转化率LINNL
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.25× | 20.53× | ||
| Q1 25 | 1.29× | -71.18× | ||
| Q4 24 | 1.63× | 0.54× | ||
| Q3 24 | 1.76× | -0.16× | ||
| Q2 24 | 1.16× | 1.98× | ||
| Q1 24 | 1.20× | 0.99× |
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
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% |
NL
| Security Products | $29.5M | 78% |
| Marine Components | $8.2M | 22% |
