vs
林德（LIN）与保德信金融（PRU）财务数据对比。点击上方公司名可切换其他公司
保德信金融的季度营收约是林德的1.8倍（$15.7B vs $8.8B），林德净利率更高（17.5% vs 5.8%，领先11.7%），保德信金融同比增速更快（25.3% vs 5.8%），过去两年林德的营收复合增速更高（4.0% vs -18.3%）
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。
保德信金融是美国头部金融服务企业，旗下子公司面向美国及全球40余个国家的零售与机构客户，提供保险、退休规划、投资管理等多元产品与服务。2019年其为美国规模最大的保险提供商，总资产达8151亿美元，同时入选财富世界500强及美国财富500强榜单。
LIN vs PRU — 直观对比
营收规模更大
PRU
是对方的1.8倍
$8.8B
营收增速更快
PRU
高出19.5%
5.8%
净利率更高
LIN
高出11.7%
5.8%
两年增速更快
LIN
近两年复合增速
-18.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $15.7B |
| 净利润 | $1.5B | $905.0M |
| 毛利率 | — | — |
| 营业利润率 | 23.0% | 7.7% |
| 净利率 | 17.5% | 5.8% |
| 营收同比 | 5.8% | 25.3% |
| 净利润同比 | -11.3% | 1687.7% |
| 每股收益（稀释后） | $3.28 | $2.54 |
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LINPRU
| Q4 25 | $8.8B | $15.7B | ||
| Q3 25 | $8.6B | $17.9B | ||
| Q2 25 | $8.5B | $13.7B | ||
| Q1 25 | $8.1B | $13.5B | ||
| Q4 24 | $8.3B | $12.5B | ||
| Q3 24 | $8.4B | $19.5B | ||
| Q2 24 | $8.3B | $14.9B | ||
| Q1 24 | $8.1B | $23.5B |
净利润LINPRU
| Q4 25 | $1.5B | $905.0M | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.8B | $533.0M | ||
| Q1 25 | $1.7B | $707.0M | ||
| Q4 24 | $1.7B | $-57.0M | ||
| Q3 24 | $1.6B | $448.0M | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.6B | $1.1B |
营业利润率LINPRU
| Q4 25 | 23.0% | 7.7% | ||
| Q3 25 | 27.5% | 10.0% | ||
| Q2 25 | 27.7% | 5.4% | ||
| Q1 25 | 26.9% | 6.8% | ||
| Q4 24 | 27.4% | -1.2% | ||
| Q3 24 | 25.0% | 2.8% | ||
| Q2 24 | 26.4% | 9.5% | ||
| Q1 24 | 25.9% | 5.9% |
净利率LINPRU
| Q4 25 | 17.5% | 5.8% | ||
| Q3 25 | 22.4% | 8.0% | ||
| Q2 25 | 20.8% | 3.9% | ||
| Q1 25 | 20.6% | 5.2% | ||
| Q4 24 | 20.8% | -0.5% | ||
| Q3 24 | 18.5% | 2.3% | ||
| Q2 24 | 20.1% | 8.0% | ||
| Q1 24 | 20.1% | 4.8% |
每股收益（稀释后）LINPRU
| Q4 25 | $3.28 | $2.54 | ||
| Q3 25 | $4.09 | $4.01 | ||
| Q2 25 | $3.73 | $1.48 | ||
| Q1 25 | $3.51 | $1.96 | ||
| Q4 24 | $3.61 | $-0.14 | ||
| Q3 24 | $3.22 | $1.24 | ||
| Q2 24 | $3.44 | $3.28 | ||
| Q1 24 | $3.35 | $3.12 |
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 | $19.7B |
| 总债务越低越好 | $20.7B | — |
| 股东权益账面价值 | $38.2B | $32.4B |
| 总资产 | $86.8B | $773.7B |
| 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LINPRU
| Q4 25 | $5.1B | $19.7B | ||
| Q3 25 | $4.5B | $17.5B | ||
| Q2 25 | $4.8B | $16.6B | ||
| Q1 25 | $5.3B | $16.1B | ||
| Q4 24 | $4.8B | $18.5B | ||
| Q3 24 | $5.2B | $20.2B | ||
| Q2 24 | $4.6B | $17.1B | ||
| Q1 24 | $4.8B | $18.7B |
总债务LINPRU
| 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LINPRU
| Q4 25 | $38.2B | $32.4B | ||
| Q3 25 | $38.6B | $32.1B | ||
| Q2 25 | $38.5B | $30.6B | ||
| Q1 25 | $38.0B | $29.9B | ||
| Q4 24 | $38.1B | $27.9B | ||
| Q3 24 | $39.2B | $30.4B | ||
| Q2 24 | $38.2B | $28.0B | ||
| Q1 24 | $38.8B | $27.2B |
总资产LINPRU
| Q4 25 | $86.8B | $773.7B | ||
| Q3 25 | $86.0B | $776.3B | ||
| Q2 25 | $86.1B | $759.0B | ||
| Q1 25 | $82.7B | $739.3B | ||
| Q4 24 | $80.1B | $735.6B | ||
| Q3 24 | $82.5B | $760.3B | ||
| Q2 24 | $80.2B | $715.2B | ||
| Q1 24 | $80.3B | $725.8B |
负债/权益比LINPRU
| 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 | $3.3B |
| 自由现金流经营现金流 - 资本支出 | $1.6B | — |
| 自由现金流率自由现金流/营收 | 17.9% | — |
| 资本支出强度资本支出/营收 | 16.6% | — |
| 现金转化率经营现金流/净利润 | 1.98× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $5.1B | — |
8季度趋势，按日历期对齐
经营现金流LINPRU
| Q4 25 | $3.0B | $3.3B | ||
| Q3 25 | $2.9B | $4.3B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.2B | $-2.5B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $2.7B | $1.1B | ||
| Q2 24 | $1.9B | $-146.0M | ||
| Q1 24 | $2.0B | $5.2B |
自由现金流LINPRU
| 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 | — | ||
| Q1 24 | $906.0M | — |
自由现金流率LINPRU
| 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% | — | ||
| Q1 24 | 11.2% | — |
资本支出强度LINPRU
| 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% | — | ||
| Q1 24 | 12.9% | — |
现金转化率LINPRU
| Q4 25 | 1.98× | 3.67× | ||
| Q3 25 | 1.53× | 3.00× | ||
| Q2 25 | 1.25× | 2.18× | ||
| Q1 25 | 1.29× | -3.54× | ||
| Q4 24 | 1.63× | — | ||
| Q3 24 | 1.76× | 2.47× | ||
| Q2 24 | 1.16× | -0.12× | ||
| Q1 24 | 1.20× | 4.59× |
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% |
PRU
| Other | $8.5B | 54% |
| International Insurance Division | $4.4B | 28% |
| US Businesses Division | $1.6B | 10% |
| PGIM Division | $1.1B | 7% |
| Trading | $51.0M | 0% |
