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林德（LIN）与淡水河谷（VALE）财务数据对比。点击上方公司名可切换其他公司
淡水河谷的季度营收约是林德的1.0倍（$8.8B vs $8.8B），淡水河谷净利率更高（24.3% vs 17.5%，领先6.8%），林德同比增速更快（5.8% vs -11.3%）
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。
淡水河谷是巴西跨国金属矿业集团，也是巴西大型物流运营商之一，为全球最大的铁矿石和镍生产商。其产品线还覆盖锰、铁合金、铜、铝土矿、钾肥、高岭土、钴等，同时运营水电站及铁路、船舶、港口组成的庞大物流网络保障产品运输。
LIN vs VALE — 直观对比
营收规模更大
VALE
是对方的1.0倍
$8.8B
营收增速更快
LIN
高出17.1%
-11.3%
净利率更高
VALE
高出6.8%
17.5%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $8.8B |
| 净利润 | $1.5B | $2.1B |
| 毛利率 | — | 30.9% |
| 营业利润率 | 23.0% | 22.8% |
| 净利率 | 17.5% | 24.3% |
| 营收同比 | 5.8% | -11.3% |
| 净利润同比 | -11.3% | -22.9% |
| 每股收益（稀释后） | $3.28 | $0.50 |
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LINVALE
| Q4 25 | $8.8B | — | ||
| Q3 25 | $8.6B | — | ||
| Q2 25 | $8.5B | $8.8B | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $8.3B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.3B | $9.9B | ||
| Q1 24 | $8.1B | — |
净利润LINVALE
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | $2.1B | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | $2.8B | ||
| Q1 24 | $1.6B | — |
毛利率LINVALE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 36.0% | ||
| Q1 24 | — | — |
营业利润率LINVALE
| Q4 25 | 23.0% | — | ||
| Q3 25 | 27.5% | — | ||
| Q2 25 | 27.7% | 22.8% | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 27.4% | — | ||
| Q3 24 | 25.0% | — | ||
| Q2 24 | 26.4% | 39.1% | ||
| Q1 24 | 25.9% | — |
净利率LINVALE
| Q4 25 | 17.5% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 20.8% | 24.3% | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 18.5% | — | ||
| Q2 24 | 20.1% | 27.9% | ||
| Q1 24 | 20.1% | — |
每股收益（稀释后）LINVALE
| Q4 25 | $3.28 | — | ||
| Q3 25 | $4.09 | — | ||
| Q2 25 | $3.73 | $0.50 | ||
| Q1 25 | $3.51 | — | ||
| Q4 24 | $3.61 | — | ||
| Q3 24 | $3.22 | — | ||
| Q2 24 | $3.44 | $0.65 | ||
| Q1 24 | $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 | $5.1B | $5.5B |
| 总债务越低越好 | $20.7B | — |
| 股东权益账面价值 | $38.2B | $40.5B |
| 总资产 | $86.8B | $90.4B |
| 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LINVALE
| Q4 25 | $5.1B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.8B | $5.5B | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $4.6B | $6.5B | ||
| Q1 24 | $4.8B | — |
总债务LINVALE
| 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LINVALE
| Q4 25 | $38.2B | — | ||
| Q3 25 | $38.6B | — | ||
| Q2 25 | $38.5B | $40.5B | ||
| Q1 25 | $38.0B | — | ||
| Q4 24 | $38.1B | — | ||
| Q3 24 | $39.2B | — | ||
| Q2 24 | $38.2B | $38.4B | ||
| Q1 24 | $38.8B | — |
总资产LINVALE
| Q4 25 | $86.8B | — | ||
| Q3 25 | $86.0B | — | ||
| Q2 25 | $86.1B | $90.4B | ||
| Q1 25 | $82.7B | — | ||
| Q4 24 | $80.1B | — | ||
| Q3 24 | $82.5B | — | ||
| Q2 24 | $80.2B | $86.6B | ||
| Q1 24 | $80.3B | — |
负债/权益比LINVALE
| 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 | — |
| 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× | — |
| 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LINVALE
| Q4 25 | $3.0B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.0B | — |
自由现金流LINVALE
| 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LINVALE
| 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LINVALE
| 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LINVALE
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.25× | — | ||
| Q1 25 | 1.29× | — | ||
| Q4 24 | 1.63× | — | ||
| Q3 24 | 1.76× | — | ||
| Q2 24 | 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
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% |
VALE
暂无分部数据
