vs
利安德巴塞尔（LYB）与纽蒙特（NEM）财务数据对比。点击上方公司名可切换其他公司
纽蒙特的季度营收约是利安德巴塞尔的1.0倍（$7.3B vs $7.1B），纽蒙特净利率更高（26.0% vs -2.0%，领先28.0%），利安德巴塞尔同比增速更快（-25.3% vs -31.4%），纽蒙特自由现金流更多（$1.2B vs $1.1B），过去两年纽蒙特的营收复合增速更高（28.8% vs -15.5%）
利安德巴塞尔是跨国化工巨头，注册地位于荷兰，美国业务总部设在得克萨斯州休斯敦，在英国伦敦设有办事处。作为全球最大的聚乙烯、聚丙烯技术授权商，公司还生产乙烯、丙烯、聚烯烃、氧化燃料等各类化工产品。
纽蒙特公司是总部位于美国科罗拉多州丹佛市的金矿企业，为全球规模最大的金矿开采集团。公司成立于1921年，在全球十余个国家持有金矿资产，还与巴里克矿业共同持有内华达金矿的部分股权，除黄金外也开采铜、银、锌、铅等多种金属。
LYB vs NEM — 直观对比
营收规模更大
NEM
是对方的1.0倍
$7.1B
营收增速更快
LYB
高出6.1%
-31.4%
净利率更高
NEM
高出28.0%
-2.0%
自由现金流更多
NEM
多$148.0M
$1.1B
两年增速更快
NEM
近两年复合增速
-15.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $7.3B |
| 净利润 | $-140.0M | $1.9B |
| 毛利率 | 4.7% | — |
| 营业利润率 | -1.2% | — |
| 净利率 | -2.0% | 26.0% |
| 营收同比 | -25.3% | -31.4% |
| 净利润同比 | 76.8% | -8.3% |
| 每股收益（稀释后） | $-0.45 | $1.68 |
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LYBNEM
| Q1 26 | — | $7.3B | ||
| Q4 25 | $7.1B | $6.8B | ||
| Q3 25 | $7.7B | $5.5B | ||
| Q2 25 | $7.7B | $5.3B | ||
| Q1 25 | $7.7B | $5.0B | ||
| Q4 24 | $9.5B | $5.7B | ||
| Q3 24 | $10.3B | $4.6B | ||
| Q2 24 | $10.6B | $4.4B |
净利润LYBNEM
| Q1 26 | — | $1.9B | ||
| Q4 25 | $-140.0M | $1.3B | ||
| Q3 25 | $-890.0M | $1.8B | ||
| Q2 25 | $115.0M | $2.1B | ||
| Q1 25 | $177.0M | $1.9B | ||
| Q4 24 | $-603.0M | $1.4B | ||
| Q3 24 | $573.0M | $922.0M | ||
| Q2 24 | $924.0M | $853.0M |
毛利率LYBNEM
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | — | ||
| Q3 25 | 11.7% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 13.4% | — |
营业利润率LYBNEM
| Q1 26 | — | — | ||
| Q4 25 | -1.2% | 47.6% | ||
| Q3 25 | -9.5% | 45.4% | ||
| Q2 25 | 3.7% | 58.6% | ||
| Q1 25 | 1.5% | 49.3% | ||
| Q4 24 | -6.9% | 36.3% | ||
| Q3 24 | 7.8% | 23.0% | ||
| Q2 24 | 9.2% | 23.5% |
净利率LYBNEM
| Q1 26 | — | 26.0% | ||
| Q4 25 | -2.0% | 19.1% | ||
| Q3 25 | -11.5% | 33.2% | ||
| Q2 25 | 1.5% | 38.8% | ||
| Q1 25 | 2.3% | 37.7% | ||
| Q4 24 | -6.3% | 24.8% | ||
| Q3 24 | 5.6% | 20.0% | ||
| Q2 24 | 8.8% | 19.4% |
每股收益（稀释后）LYBNEM
| Q1 26 | — | $1.68 | ||
| Q4 25 | $-0.45 | $1.19 | ||
| Q3 25 | $-2.77 | $1.67 | ||
| Q2 25 | $0.34 | $1.85 | ||
| Q1 25 | $0.54 | $1.68 | ||
| Q4 24 | $-1.86 | $1.23 | ||
| Q3 24 | $1.75 | $0.80 | ||
| Q2 24 | $2.82 | $0.74 |
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 | $5.5B | $4.7B |
| 总债务越低越好 | $12.1B | — |
| 股东权益账面价值 | $10.1B | $31.4B |
| 总资产 | $34.0B | $55.5B |
| 负债/权益比越低杠杆越低 | 1.20× | — |
8季度趋势，按日历期对齐
现金及短期投资LYBNEM
| Q1 26 | — | $4.7B | ||
| Q4 25 | $5.5B | $8.2B | ||
| Q3 25 | $2.5B | $6.0B | ||
| Q2 25 | $2.5B | $6.7B | ||
| Q1 25 | $3.0B | $4.7B | ||
| Q4 24 | $6.0B | $3.6B | ||
| Q3 24 | $4.3B | $3.1B | ||
| Q2 24 | $4.7B | $2.7B |
总债务LYBNEM
| Q1 26 | — | — | ||
| Q4 25 | $12.1B | $5.1B | ||
| Q3 25 | $10.6B | $5.2B | ||
| Q2 25 | $11.2B | $7.1B | ||
| Q1 25 | $10.6B | $7.5B | ||
| Q4 24 | $10.5B | $8.5B | ||
| Q3 24 | $11.1B | $8.6B | ||
| Q2 24 | $11.0B | $8.7B |
股东权益LYBNEM
| Q1 26 | — | $31.4B | ||
| Q4 25 | $10.1B | $33.9B | ||
| Q3 25 | $10.6B | $33.2B | ||
| Q2 25 | $11.9B | $32.1B | ||
| Q1 25 | $12.2B | $31.2B | ||
| Q4 24 | $12.5B | $29.9B | ||
| Q3 24 | $13.7B | $29.7B | ||
| Q2 24 | $13.4B | $29.4B |
总资产LYBNEM
| Q1 26 | — | $55.5B | ||
| Q4 25 | $34.0B | $57.1B | ||
| Q3 25 | $33.8B | $54.7B | ||
| Q2 25 | $35.4B | $55.2B | ||
| Q1 25 | $35.2B | $55.5B | ||
| Q4 24 | $35.7B | $56.3B | ||
| Q3 24 | $37.3B | $56.2B | ||
| Q2 24 | $37.1B | $55.7B |
负债/权益比LYBNEM
| Q1 26 | — | — | ||
| Q4 25 | 1.20× | 0.15× | ||
| Q3 25 | 1.00× | 0.16× | ||
| Q2 25 | 0.94× | 0.22× | ||
| Q1 25 | 0.87× | 0.24× | ||
| Q4 24 | 0.85× | 0.28× | ||
| Q3 24 | 0.81× | 0.29× | ||
| Q2 24 | 0.82× | 0.30× |
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 | $1.5B | — |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $1.2B |
| 自由现金流率自由现金流/营收 | 14.9% | 16.5% |
| 资本支出强度资本支出/营收 | 6.3% | 11.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $384.0M | $7.3B |
8季度趋势，按日历期对齐
经营现金流LYBNEM
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $3.6B | ||
| Q3 25 | $983.0M | $2.3B | ||
| Q2 25 | $351.0M | $2.4B | ||
| Q1 25 | $-579.0M | $2.0B | ||
| Q4 24 | $1.9B | $2.5B | ||
| Q3 24 | $670.0M | $1.6B | ||
| Q2 24 | $1.3B | $1.4B |
自由现金流LYBNEM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.1B | $2.8B | ||
| Q3 25 | $577.0M | $1.6B | ||
| Q2 25 | $-188.0M | $1.7B | ||
| Q1 25 | $-1.1B | $1.2B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $302.0M | $771.0M | ||
| Q2 24 | $864.0M | $628.0M |
自由现金流率LYBNEM
| Q1 26 | — | 16.5% | ||
| Q4 25 | 14.9% | 41.3% | ||
| Q3 25 | 7.5% | 28.4% | ||
| Q2 25 | -2.5% | 32.2% | ||
| Q1 25 | -13.8% | 24.1% | ||
| Q4 24 | 14.9% | 28.9% | ||
| Q3 24 | 2.9% | 16.7% | ||
| Q2 24 | 8.2% | 14.3% |
资本支出强度LYBNEM
| Q1 26 | — | 11.3% | ||
| Q4 25 | 6.3% | 11.9% | ||
| Q3 25 | 5.3% | 13.2% | ||
| Q2 25 | 7.0% | 12.7% | ||
| Q1 25 | 6.3% | 16.5% | ||
| Q4 24 | 5.3% | 15.5% | ||
| Q3 24 | 3.6% | 19.0% | ||
| Q2 24 | 4.6% | 18.2% |
现金转化率LYBNEM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.78× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | 3.05× | 1.16× | ||
| Q1 25 | -3.27× | 1.07× | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | 1.17× | 1.79× | ||
| Q2 24 | 1.46× | 1.67× |
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
LYB
| Polypropylene | $1.3B | 18% |
| Oxyfuels And Related Products | $1.3B | 18% |
| Olefins And Co Products | $1.1B | 15% |
| Advanced Polymer Solutions | $774.0M | 11% |
| Po And Derivatives | $497.0M | 7% |
| Other | $492.0M | 7% |
| DE | $440.0M | 6% |
| MX | $353.0M | 5% |
| Intermediate Chemicals | $341.0M | 5% |
| Discontinued Operations Disposed Of By Means Other Than Sale | $265.0M | 4% |
| Other Products | $199.0M | 3% |
| Related Party | $126.0M | 2% |
NEM
| Consolidated gold sales, net | $6.0B | 83% |
| Other | $506.0M | 7% |
| Consolidated copper sales, net | $354.0M | 5% |
| Consolidated silver sales, net | $188.0M | 3% |
| Consolidated zinc sales, net | $181.0M | 2% |
| Consolidated lead sales, net | $42.0M | 1% |
