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林德（LIN）与WORLD KINECT CORP（WKC）财务数据对比。点击上方公司名可切换其他公司
WORLD KINECT CORP的季度营收约是林德的1.1倍（$9.7B vs $8.8B），林德净利率更高（17.5% vs -0.0%，领先17.5%），林德同比增速更快（5.8% vs 2.0%），林德自由现金流更多（$1.6B vs $-60.2M），过去两年林德的营收复合增速更高（4.0% vs -6.0%）
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。
世界科耐特公司（原世界燃料服务公司）是一家总部位于美国佛罗里达州多拉市的能源大宗商品服务企业，在2022年财富美国500强榜单中排名第70位。公司核心业务涵盖航空、海运、建筑及陆路运输领域能源大宗商品的销售、交易与融资及相关服务，2013年起也开展天然气与电力相关业务。
LIN vs WKC — 直观对比
营收规模更大
WKC
是对方的1.1倍
$8.8B
营收增速更快
LIN
高出3.8%
2.0%
净利率更高
LIN
高出17.5%
-0.0%
自由现金流更多
LIN
多$1.6B
$-60.2M
两年增速更快
LIN
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $9.7B |
| 净利润 | $1.5B | $-700.0K |
| 毛利率 | — | 2.8% |
| 营业利润率 | 23.0% | — |
| 净利率 | 17.5% | -0.0% |
| 营收同比 | 5.8% | 2.0% |
| 净利润同比 | -11.3% | -250.0% |
| 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LINWKC
| Q1 26 | — | $9.7B | ||
| Q4 25 | $8.8B | $9.0B | ||
| Q3 25 | $8.6B | $9.4B | ||
| Q2 25 | $8.5B | $9.0B | ||
| Q1 25 | $8.1B | $9.5B | ||
| Q4 24 | $8.3B | $9.8B | ||
| Q3 24 | $8.4B | $10.5B | ||
| Q2 24 | $8.3B | $11.0B |
净利润LINWKC
| Q1 26 | — | $-700.0K | ||
| Q4 25 | $1.5B | $-279.6M | ||
| Q3 25 | $1.9B | $25.7M | ||
| Q2 25 | $1.8B | $-339.4M | ||
| Q1 25 | $1.7B | $-21.1M | ||
| Q4 24 | $1.7B | $-101.8M | ||
| Q3 24 | $1.6B | $33.5M | ||
| Q2 24 | $1.7B | $108.3M |
毛利率LINWKC
| Q1 26 | — | 2.8% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.2% |
营业利润率LINWKC
| Q1 26 | — | — | ||
| Q4 25 | 23.0% | -3.1% | ||
| Q3 25 | 27.5% | 0.7% | ||
| Q2 25 | 27.7% | -3.8% | ||
| Q1 25 | 26.9% | -0.1% | ||
| Q4 24 | 27.4% | 0.3% | ||
| Q3 24 | 25.0% | 0.7% | ||
| Q2 24 | 26.4% | 0.4% |
净利率LINWKC
| Q1 26 | — | -0.0% | ||
| Q4 25 | 17.5% | -3.1% | ||
| Q3 25 | 22.4% | 0.3% | ||
| Q2 25 | 20.8% | -3.8% | ||
| Q1 25 | 20.6% | -0.2% | ||
| Q4 24 | 20.8% | -1.0% | ||
| Q3 24 | 18.5% | 0.3% | ||
| Q2 24 | 20.1% | 1.0% |
每股收益（稀释后）LINWKC
| Q1 26 | — | $0.50 | ||
| Q4 25 | $3.28 | $-5.02 | ||
| Q3 25 | $4.09 | $0.46 | ||
| Q2 25 | $3.73 | $-6.06 | ||
| Q1 25 | $3.51 | $-0.37 | ||
| Q4 24 | $3.61 | $-1.70 | ||
| Q3 24 | $3.22 | $0.57 | ||
| Q2 24 | $3.44 | $1.81 |
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 | $151.1M |
| 总债务越低越好 | $20.7B | $798.7M |
| 股东权益账面价值 | $38.2B | $1.2B |
| 总资产 | $86.8B | $6.8B |
| 负债/权益比越低杠杆越低 | 0.54× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资LINWKC
| Q1 26 | — | $151.1M | ||
| Q4 25 | $5.1B | $193.5M | ||
| Q3 25 | $4.5B | $473.6M | ||
| Q2 25 | $4.8B | $403.2M | ||
| Q1 25 | $5.3B | $456.4M | ||
| Q4 24 | $4.8B | $382.9M | ||
| Q3 24 | $5.2B | $373.8M | ||
| Q2 24 | $4.6B | $524.6M |
总债务LINWKC
| Q1 26 | — | $798.7M | ||
| Q4 25 | $20.7B | $685.2M | ||
| Q3 25 | $18.6B | $766.6M | ||
| Q2 25 | $19.7B | $775.2M | ||
| Q1 25 | $17.6B | $792.3M | ||
| Q4 24 | $15.3B | $796.8M | ||
| Q3 24 | $17.5B | $798.0M | ||
| Q2 24 | $16.9B | $797.8M |
股东权益LINWKC
| Q1 26 | — | $1.2B | ||
| Q4 25 | $38.2B | $1.3B | ||
| Q3 25 | $38.6B | $1.6B | ||
| Q2 25 | $38.5B | $1.6B | ||
| Q1 25 | $38.0B | $1.9B | ||
| Q4 24 | $38.1B | $1.9B | ||
| Q3 24 | $39.2B | $2.0B | ||
| Q2 24 | $38.2B | $2.0B |
总资产LINWKC
| Q1 26 | — | $6.8B | ||
| Q4 25 | $86.8B | $5.9B | ||
| Q3 25 | $86.0B | $6.1B | ||
| Q2 25 | $86.1B | $6.1B | ||
| Q1 25 | $82.7B | $6.6B | ||
| Q4 24 | $80.1B | $6.7B | ||
| Q3 24 | $82.5B | $7.0B | ||
| Q2 24 | $80.2B | $7.2B |
负债/权益比LINWKC
| Q1 26 | — | 0.66× | ||
| Q4 25 | 0.54× | 0.53× | ||
| Q3 25 | 0.48× | 0.47× | ||
| Q2 25 | 0.51× | 0.48× | ||
| Q1 25 | 0.46× | 0.41× | ||
| Q4 24 | 0.40× | 0.41× | ||
| Q3 24 | 0.45× | 0.39× | ||
| Q2 24 | 0.44× | 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 | $-60.2M |
| 自由现金流率自由现金流/营收 | 17.9% | -0.6% |
| 资本支出强度资本支出/营收 | 16.6% | 0.1% |
| 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 | $67.9M |
8季度趋势，按日历期对齐
经营现金流LINWKC
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $34.2M | ||
| Q3 25 | $2.9B | $116.1M | ||
| Q2 25 | $2.2B | $28.2M | ||
| Q1 25 | $2.2B | $114.4M | ||
| Q4 24 | $2.8B | $120.3M | ||
| Q3 24 | $2.7B | $-38.5M | ||
| Q2 24 | $1.9B | $67.9M |
自由现金流LINWKC
| Q1 26 | — | $-60.2M | ||
| Q4 25 | $1.6B | $12.9M | ||
| Q3 25 | $1.7B | $102.0M | ||
| Q2 25 | $954.0M | $13.2M | ||
| Q1 25 | $891.0M | $99.2M | ||
| Q4 24 | $1.6B | $102.4M | ||
| Q3 24 | $1.7B | $-56.7M | ||
| Q2 24 | $796.0M | $53.3M |
自由现金流率LINWKC
| Q1 26 | — | -0.6% | ||
| Q4 25 | 17.9% | 0.1% | ||
| Q3 25 | 19.4% | 1.1% | ||
| Q2 25 | 11.2% | 0.1% | ||
| Q1 25 | 11.0% | 1.0% | ||
| Q4 24 | 18.8% | 1.0% | ||
| Q3 24 | 19.9% | -0.5% | ||
| Q2 24 | 9.6% | 0.5% |
资本支出强度LINWKC
| Q1 26 | — | 0.1% | ||
| Q4 25 | 16.6% | 0.2% | ||
| Q3 25 | 14.8% | 0.2% | ||
| Q2 25 | 14.8% | 0.2% | ||
| Q1 25 | 15.7% | 0.2% | ||
| Q4 24 | 15.1% | 0.2% | ||
| Q3 24 | 12.8% | 0.2% | ||
| Q2 24 | 13.7% | 0.1% |
现金转化率LINWKC
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.53× | 4.52× | ||
| Q2 25 | 1.25× | — | ||
| Q1 25 | 1.29× | — | ||
| Q4 24 | 1.63× | — | ||
| Q3 24 | 1.76× | -1.15× | ||
| Q2 24 | 1.16× | 0.63× |
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% |
WKC
| Aviation segment | $5.0B | 52% |
| Land segment | $2.9B | 30% |
| Marine segment | $1.9B | 20% |
