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利安德巴塞尔（LYB）与Block, Inc.（XYZ）财务数据对比。点击上方公司名可切换其他公司
利安德巴塞尔的季度营收约是Block, Inc.的1.1倍（$7.1B vs $6.3B），Block, Inc.净利率更高（1.9% vs -2.0%，领先3.8%），Block, Inc.同比增速更快（3.6% vs -25.3%），利安德巴塞尔自由现金流更多（$1.1B vs $579.8M），过去两年Block, Inc.的营收复合增速更高（2.4% 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。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
LYB vs XYZ — 直观对比
营收规模更大
LYB
是对方的1.1倍
$6.3B
营收增速更快
XYZ
高出29.0%
-25.3%
净利率更高
XYZ
高出3.8%
-2.0%
自由现金流更多
LYB
多$477.2M
$579.8M
两年增速更快
XYZ
近两年复合增速
-15.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $6.3B |
| 净利润 | $-140.0M | $115.8M |
| 毛利率 | 4.7% | 45.9% |
| 营业利润率 | -1.2% | 7.8% |
| 净利率 | -2.0% | 1.9% |
| 营收同比 | -25.3% | 3.6% |
| 净利润同比 | 76.8% | -94.1% |
| 每股收益（稀释后） | $-0.45 | $0.19 |
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LYBXYZ
| Q4 25 | $7.1B | $6.3B | ||
| Q3 25 | $7.7B | $6.1B | ||
| Q2 25 | $7.7B | $6.1B | ||
| Q1 25 | $7.7B | $5.8B | ||
| Q4 24 | $9.5B | $6.0B | ||
| Q3 24 | $10.3B | $6.0B | ||
| Q2 24 | $10.6B | $6.2B | ||
| Q1 24 | $9.9B | $6.0B |
净利润LYBXYZ
| Q4 25 | $-140.0M | $115.8M | ||
| Q3 25 | $-890.0M | $461.5M | ||
| Q2 25 | $115.0M | $538.5M | ||
| Q1 25 | $177.0M | $189.9M | ||
| Q4 24 | $-603.0M | $1.9B | ||
| Q3 24 | $573.0M | $283.8M | ||
| Q2 24 | $924.0M | $195.3M | ||
| Q1 24 | $473.0M | $472.0M |
毛利率LYBXYZ
| Q4 25 | 4.7% | 45.9% | ||
| Q3 25 | 11.7% | 43.5% | ||
| Q2 25 | 10.3% | 41.9% | ||
| Q1 25 | 7.2% | 39.7% | ||
| Q4 24 | 7.9% | 38.3% | ||
| Q3 24 | 12.0% | 37.6% | ||
| Q2 24 | 13.4% | 36.3% | ||
| Q1 24 | 11.7% | 35.2% |
营业利润率LYBXYZ
| Q4 25 | -1.2% | 7.8% | ||
| Q3 25 | -9.5% | 6.7% | ||
| Q2 25 | 3.7% | 8.0% | ||
| Q1 25 | 1.5% | 5.7% | ||
| Q4 24 | -6.9% | 0.2% | ||
| Q3 24 | 7.8% | 5.4% | ||
| Q2 24 | 9.2% | 5.0% | ||
| Q1 24 | 7.1% | 4.2% |
净利率LYBXYZ
| Q4 25 | -2.0% | 1.9% | ||
| Q3 25 | -11.5% | 7.5% | ||
| Q2 25 | 1.5% | 8.9% | ||
| Q1 25 | 2.3% | 3.3% | ||
| Q4 24 | -6.3% | 32.3% | ||
| Q3 24 | 5.6% | 4.7% | ||
| Q2 24 | 8.8% | 3.2% | ||
| Q1 24 | 4.8% | 7.9% |
每股收益（稀释后）LYBXYZ
| Q4 25 | $-0.45 | $0.19 | ||
| Q3 25 | $-2.77 | $0.74 | ||
| Q2 25 | $0.34 | $0.87 | ||
| Q1 25 | $0.54 | $0.30 | ||
| Q4 24 | $-1.86 | $3.06 | ||
| Q3 24 | $1.75 | $0.45 | ||
| Q2 24 | $2.82 | $0.31 | ||
| Q1 24 | $1.44 | $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 | $6.6B |
| 总债务越低越好 | $12.1B | — |
| 股东权益账面价值 | $10.1B | $22.2B |
| 总资产 | $34.0B | $39.5B |
| 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LYBXYZ
| Q4 25 | $5.5B | $6.6B | ||
| Q3 25 | $2.5B | $8.3B | ||
| Q2 25 | $2.5B | $6.4B | ||
| Q1 25 | $3.0B | $7.1B | ||
| Q4 24 | $6.0B | $8.1B | ||
| Q3 24 | $4.3B | $8.3B | ||
| Q2 24 | $4.7B | $7.8B | ||
| Q1 24 | $3.8B | $5.8B |
总债务LYBXYZ
| Q4 25 | $12.1B | — | ||
| Q3 25 | $10.6B | $7.3B | ||
| Q2 25 | $11.2B | $5.1B | ||
| Q1 25 | $10.6B | $5.1B | ||
| Q4 24 | $10.5B | $6.1B | ||
| Q3 24 | $11.1B | $6.1B | ||
| Q2 24 | $11.0B | $6.1B | ||
| Q1 24 | $11.0B | $4.1B |
股东权益LYBXYZ
| Q4 25 | $10.1B | $22.2B | ||
| Q3 25 | $10.6B | $22.5B | ||
| Q2 25 | $11.9B | $22.2B | ||
| Q1 25 | $12.2B | $21.5B | ||
| Q4 24 | $12.5B | $21.3B | ||
| Q3 24 | $13.7B | $19.9B | ||
| Q2 24 | $13.4B | $19.3B | ||
| Q1 24 | $13.0B | $19.0B |
总资产LYBXYZ
| Q4 25 | $34.0B | $39.5B | ||
| Q3 25 | $33.8B | $39.2B | ||
| Q2 25 | $35.4B | $36.9B | ||
| Q1 25 | $35.2B | $36.4B | ||
| Q4 24 | $35.7B | $36.8B | ||
| Q3 24 | $37.3B | $36.4B | ||
| Q2 24 | $37.1B | $37.5B | ||
| Q1 24 | $36.6B | $35.6B |
负债/权益比LYBXYZ
| Q4 25 | 1.20× | — | ||
| Q3 25 | 1.00× | 0.32× | ||
| Q2 25 | 0.94× | 0.23× | ||
| Q1 25 | 0.87× | 0.24× | ||
| Q4 24 | 0.85× | 0.29× | ||
| Q3 24 | 0.81× | 0.31× | ||
| Q2 24 | 0.82× | 0.32× | ||
| Q1 24 | 0.85× | 0.22× |
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 | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $579.8M |
| 自由现金流率自由现金流/营收 | 14.9% | 9.3% |
| 资本支出强度资本支出/营收 | 6.3% | 0.7% |
| 现金转化率经营现金流/净利润 | — | 5.36× |
| 过去12个月自由现金流最近4个季度 | $384.0M | $2.4B |
8季度趋势，按日历期对齐
经营现金流LYBXYZ
| Q4 25 | $1.5B | $621.0M | ||
| Q3 25 | $983.0M | $1.5B | ||
| Q2 25 | $351.0M | $374.3M | ||
| Q1 25 | $-579.0M | $133.3M | ||
| Q4 24 | $1.9B | $13.8M | ||
| Q3 24 | $670.0M | $684.8M | ||
| Q2 24 | $1.3B | $519.4M | ||
| Q1 24 | $-114.0M | $489.4M |
自由现金流LYBXYZ
| Q4 25 | $1.1B | $579.8M | ||
| Q3 25 | $577.0M | $1.4B | ||
| Q2 25 | $-188.0M | $343.0M | ||
| Q1 25 | $-1.1B | $101.5M | ||
| Q4 24 | $1.4B | $-13.2M | ||
| Q3 24 | $302.0M | $628.2M | ||
| Q2 24 | $864.0M | $481.0M | ||
| Q1 24 | $-597.0M | $457.4M |
自由现金流率LYBXYZ
| Q4 25 | 14.9% | 9.3% | ||
| Q3 25 | 7.5% | 22.9% | ||
| Q2 25 | -2.5% | 5.7% | ||
| Q1 25 | -13.8% | 1.8% | ||
| Q4 24 | 14.9% | -0.2% | ||
| Q3 24 | 2.9% | 10.5% | ||
| Q2 24 | 8.2% | 7.8% | ||
| Q1 24 | -6.0% | 7.7% |
资本支出强度LYBXYZ
| Q4 25 | 6.3% | 0.7% | ||
| Q3 25 | 5.3% | 0.8% | ||
| Q2 25 | 7.0% | 0.5% | ||
| Q1 25 | 6.3% | 0.6% | ||
| Q4 24 | 5.3% | 0.4% | ||
| Q3 24 | 3.6% | 0.9% | ||
| Q2 24 | 4.6% | 0.6% | ||
| Q1 24 | 4.9% | 0.5% |
现金转化率LYBXYZ
| Q4 25 | — | 5.36× | ||
| Q3 25 | — | 3.14× | ||
| Q2 25 | 3.05× | 0.70× | ||
| Q1 25 | -3.27× | 0.70× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | 1.17× | 2.41× | ||
| Q2 24 | 1.46× | 2.66× | ||
| Q1 24 | -0.24× | 1.04× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
