vs
林德（LIN）与特灵科技（TT）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特灵科技的1.7倍（$8.8B vs $5.1B），林德净利率更高（17.5% vs 11.5%，领先6.0%），林德同比增速更快（5.8% vs 5.5%），过去两年特灵科技的营收复合增速更高（10.5% vs 4.0%）
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。
特灵科技是一家注册地位于爱尔兰的企业，核心业务覆盖采暖、通风、空调及制冷系统领域。品牌历史可追溯至150多年前，历经多次并购与分拆：2008年暖通空调厂商特灵被美国工业工具制造商英格索兰收购，2020年工具业务分拆独立为英格索兰，剩余业务正式更名特灵科技。
LIN vs TT — 直观对比
营收规模更大
LIN
是对方的1.7倍
$5.1B
营收增速更快
LIN
高出0.3%
5.5%
净利率更高
LIN
高出6.0%
11.5%
两年增速更快
TT
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $5.1B |
| 净利润 | $1.5B | $591.3M |
| 毛利率 | — | — |
| 营业利润率 | 23.0% | 15.9% |
| 净利率 | 17.5% | 11.5% |
| 营收同比 | 5.8% | 5.5% |
| 净利润同比 | -11.3% | -2.2% |
| 每股收益（稀释后） | $3.28 | $2.64 |
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LINTT
| Q4 25 | $8.8B | $5.1B | ||
| Q3 25 | $8.6B | $5.7B | ||
| Q2 25 | $8.5B | $5.7B | ||
| Q1 25 | $8.1B | $4.7B | ||
| Q4 24 | $8.3B | $4.9B | ||
| Q3 24 | $8.4B | $5.4B | ||
| Q2 24 | $8.3B | $5.3B | ||
| Q1 24 | $8.1B | $4.2B |
净利润LINTT
| Q4 25 | $1.5B | $591.3M | ||
| Q3 25 | $1.9B | $847.6M | ||
| Q2 25 | $1.8B | $874.8M | ||
| Q1 25 | $1.7B | $604.9M | ||
| Q4 24 | $1.7B | $604.3M | ||
| Q3 24 | $1.6B | $772.0M | ||
| Q2 24 | $1.7B | $755.3M | ||
| Q1 24 | $1.6B | $436.3M |
毛利率LINTT
| Q4 25 | — | — | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | 35.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 36.3% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 34.6% |
营业利润率LINTT
| Q4 25 | 23.0% | 15.9% | ||
| Q3 25 | 27.5% | 20.3% | ||
| Q2 25 | 27.7% | 20.3% | ||
| Q1 25 | 26.9% | 17.5% | ||
| Q4 24 | 27.4% | 16.6% | ||
| Q3 24 | 25.0% | 18.8% | ||
| Q2 24 | 26.4% | 19.5% | ||
| Q1 24 | 25.9% | 15.0% |
净利率LINTT
| Q4 25 | 17.5% | 11.5% | ||
| Q3 25 | 22.4% | 14.8% | ||
| Q2 25 | 20.8% | 15.2% | ||
| Q1 25 | 20.6% | 12.9% | ||
| Q4 24 | 20.8% | 12.4% | ||
| Q3 24 | 18.5% | 14.2% | ||
| Q2 24 | 20.1% | 14.2% | ||
| Q1 24 | 20.1% | 10.3% |
每股收益（稀释后）LINTT
| Q4 25 | $3.28 | $2.64 | ||
| Q3 25 | $4.09 | $3.78 | ||
| Q2 25 | $3.73 | $3.89 | ||
| Q1 25 | $3.51 | $2.67 | ||
| Q4 24 | $3.61 | $2.65 | ||
| Q3 24 | $3.22 | $3.39 | ||
| Q2 24 | $3.44 | $3.30 | ||
| Q1 24 | $3.35 | $1.90 |
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 | $1.8B |
| 总债务越低越好 | $20.7B | $4.6B |
| 股东权益账面价值 | $38.2B | $8.6B |
| 总资产 | $86.8B | $21.4B |
| 负债/权益比越低杠杆越低 | 0.54× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资LINTT
| Q4 25 | $5.1B | $1.8B | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $4.8B | $1.6B | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $4.6B | — | ||
| Q1 24 | $4.8B | — |
总债务LINTT
| Q4 25 | $20.7B | $4.6B | ||
| Q3 25 | $18.6B | — | ||
| Q2 25 | $19.7B | — | ||
| Q1 25 | $17.6B | — | ||
| Q4 24 | $15.3B | $4.8B | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $16.9B | — | ||
| Q1 24 | $15.2B | — |
股东权益LINTT
| Q4 25 | $38.2B | $8.6B | ||
| Q3 25 | $38.6B | $8.3B | ||
| Q2 25 | $38.5B | $7.8B | ||
| Q1 25 | $38.0B | $7.5B | ||
| Q4 24 | $38.1B | $7.5B | ||
| Q3 24 | $39.2B | $7.6B | ||
| Q2 24 | $38.2B | $6.9B | ||
| Q1 24 | $38.8B | $6.9B |
总资产LINTT
| Q4 25 | $86.8B | $21.4B | ||
| Q3 25 | $86.0B | $21.4B | ||
| Q2 25 | $86.1B | $21.0B | ||
| Q1 25 | $82.7B | $20.1B | ||
| Q4 24 | $80.1B | $20.1B | ||
| Q3 24 | $82.5B | $20.9B | ||
| Q2 24 | $80.2B | $20.2B | ||
| Q1 24 | $80.3B | $19.3B |
负债/权益比LINTT
| Q4 25 | 0.54× | 0.54× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.40× | 0.64× | ||
| 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 | $1.2B |
| 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× | 1.96× |
| 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LINTT
| Q4 25 | $3.0B | $1.2B | ||
| Q3 25 | $2.9B | $1.0B | ||
| Q2 25 | $2.2B | $692.1M | ||
| Q1 25 | $2.2B | $339.5M | ||
| Q4 24 | $2.8B | $899.9M | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $1.9B | $695.9M | ||
| Q1 24 | $2.0B | $247.2M |
自由现金流LINTT
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.7B | $935.6M | ||
| Q2 25 | $954.0M | $602.2M | ||
| Q1 25 | $891.0M | $220.6M | ||
| Q4 24 | $1.6B | $774.3M | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $796.0M | $623.0M | ||
| Q1 24 | $906.0M | $163.4M |
自由现金流率LINTT
| Q4 25 | 17.9% | — | ||
| Q3 25 | 19.4% | 16.3% | ||
| Q2 25 | 11.2% | 10.5% | ||
| Q1 25 | 11.0% | 4.7% | ||
| Q4 24 | 18.8% | 15.9% | ||
| Q3 24 | 19.9% | 22.3% | ||
| Q2 24 | 9.6% | 11.7% | ||
| Q1 24 | 11.2% | 3.9% |
资本支出强度LINTT
| Q4 25 | 16.6% | — | ||
| Q3 25 | 14.8% | 1.2% | ||
| Q2 25 | 14.8% | 1.6% | ||
| Q1 25 | 15.7% | 2.5% | ||
| Q4 24 | 15.1% | 2.6% | ||
| Q3 24 | 12.8% | 1.6% | ||
| Q2 24 | 13.7% | 1.4% | ||
| Q1 24 | 12.9% | 2.0% |
现金转化率LINTT
| Q4 25 | 1.98× | 1.96× | ||
| Q3 25 | 1.53× | 1.18× | ||
| Q2 25 | 1.25× | 0.79× | ||
| Q1 25 | 1.29× | 0.56× | ||
| Q4 24 | 1.63× | 1.49× | ||
| Q3 24 | 1.76× | 1.69× | ||
| Q2 24 | 1.16× | 0.92× | ||
| Q1 24 | 1.20× | 0.57× |
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% |
TT
| Services | $2.8B | 55% |
| Other | $2.3B | 45% |
