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摩丁制造（MOD）与STEPAN CO（SCL）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是STEPAN CO的1.3倍（$805.0M vs $604.5M），STEPAN CO净利率更高（3.3% vs -5.9%，领先9.1%），摩丁制造同比增速更快（30.5% vs 1.9%），过去两年摩丁制造的营收复合增速更高（15.5% vs 4.2%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
MOD vs SCL — 直观对比
营收规模更大
MOD
是对方的1.3倍
$604.5M
营收增速更快
MOD
高出28.6%
1.9%
净利率更高
SCL
高出9.1%
-5.9%
两年增速更快
MOD
近两年复合增速
4.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $604.5M |
| 净利润 | $-47.4M | $19.7M |
| 毛利率 | 23.1% | 10.7% |
| 营业利润率 | 11.1% | 4.7% |
| 净利率 | -5.9% | 3.3% |
| 营收同比 | 30.5% | 1.9% |
| 净利润同比 | -215.6% | — |
| 每股收益（稀释后） | $-0.90 | $0.86 |
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MODSCL
| Q1 26 | — | $604.5M | ||
| Q4 25 | $805.0M | $553.9M | ||
| Q3 25 | $738.9M | $590.3M | ||
| Q2 25 | $682.8M | $594.7M | ||
| Q1 25 | $647.2M | $593.3M | ||
| Q4 24 | $616.8M | $525.6M | ||
| Q3 24 | $658.0M | $546.8M | ||
| Q2 24 | $661.5M | $556.4M |
净利润MODSCL
| Q1 26 | — | $19.7M | ||
| Q4 25 | $-47.4M | $5.0M | ||
| Q3 25 | $44.4M | $10.8M | ||
| Q2 25 | $51.2M | $11.3M | ||
| Q1 25 | $49.6M | $19.7M | ||
| Q4 24 | $41.0M | $3.4M | ||
| Q3 24 | $46.1M | $23.6M | ||
| Q2 24 | $47.3M | $9.5M |
毛利率MODSCL
| Q1 26 | — | 10.7% | ||
| Q4 25 | 23.1% | 9.3% | ||
| Q3 25 | 22.3% | 12.0% | ||
| Q2 25 | 24.2% | 12.1% | ||
| Q1 25 | 25.6% | 12.7% | ||
| Q4 24 | 24.3% | 10.8% | ||
| Q3 24 | 25.2% | 13.8% | ||
| Q2 24 | 24.6% | 12.5% |
营业利润率MODSCL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 11.1% | 1.9% | ||
| Q3 25 | 9.9% | 3.7% | ||
| Q2 25 | 11.1% | 3.0% | ||
| Q1 25 | 11.5% | 4.8% | ||
| Q4 24 | 9.6% | 1.5% | ||
| Q3 24 | 11.4% | 4.4% | ||
| Q2 24 | 11.2% | 3.4% |
净利率MODSCL
| Q1 26 | — | 3.3% | ||
| Q4 25 | -5.9% | 0.9% | ||
| Q3 25 | 6.0% | 1.8% | ||
| Q2 25 | 7.5% | 1.9% | ||
| Q1 25 | 7.7% | 3.3% | ||
| Q4 24 | 6.6% | 0.6% | ||
| Q3 24 | 7.0% | 4.3% | ||
| Q2 24 | 7.2% | 1.7% |
每股收益（稀释后）MODSCL
| Q1 26 | — | $0.86 | ||
| Q4 25 | $-0.90 | $0.22 | ||
| Q3 25 | $0.83 | $0.47 | ||
| Q2 25 | $0.95 | $0.50 | ||
| Q1 25 | $0.92 | $0.86 | ||
| Q4 24 | $0.76 | $0.14 | ||
| Q3 24 | $0.86 | $1.03 | ||
| Q2 24 | $0.88 | $0.42 |
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 | $98.7M | — |
| 总债务越低越好 | $570.7M | $328.4M |
| 股东权益账面价值 | $1.1B | $1.2B |
| 总资产 | $2.5B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资MODSCL
| Q1 26 | — | — | ||
| Q4 25 | $98.7M | $132.7M | ||
| Q3 25 | $83.8M | $118.5M | ||
| Q2 25 | $124.5M | $88.9M | ||
| Q1 25 | $71.6M | $107.5M | ||
| Q4 24 | $83.8M | $99.7M | ||
| Q3 24 | $78.6M | $147.3M | ||
| Q2 24 | $72.9M | $124.7M |
总债务MODSCL
| Q1 26 | — | $328.4M | ||
| Q4 25 | $570.7M | $626.7M | ||
| Q3 25 | $525.8M | $655.5M | ||
| Q2 25 | $482.1M | $658.0M | ||
| Q1 25 | $296.7M | $659.3M | ||
| Q4 24 | $330.0M | $625.4M | ||
| Q3 24 | $359.1M | $688.5M | ||
| Q2 24 | $405.7M | $657.1M |
股东权益MODSCL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $910.2M | $1.2B | ||
| Q4 24 | $855.1M | $1.2B | ||
| Q3 24 | $858.8M | $1.2B | ||
| Q2 24 | $788.4M | $1.2B |
总资产MODSCL
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $2.4B | $2.4B | ||
| Q2 25 | $2.2B | $2.4B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.9B | $2.4B | ||
| Q2 24 | $1.9B | $2.3B |
负债/权益比MODSCL
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.51× | 0.50× | ||
| Q3 25 | 0.50× | 0.53× | ||
| Q2 25 | 0.48× | 0.53× | ||
| Q1 25 | 0.33× | 0.55× | ||
| Q4 24 | 0.39× | 0.53× | ||
| Q3 24 | 0.42× | 0.56× | ||
| Q2 24 | 0.51× | 0.55× |
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 | $24.7M | — |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | — |
| 自由现金流率自由现金流/营收 | -2.1% | — |
| 资本支出强度资本支出/营收 | 5.2% | — |
| 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 | $-20.3M | — |
8季度趋势，按日历期对齐
经营现金流MODSCL
| Q1 26 | — | — | ||
| Q4 25 | $24.7M | $60.0M | ||
| Q3 25 | $1.4M | $69.8M | ||
| Q2 25 | $27.7M | $11.2M | ||
| Q1 25 | $54.8M | $6.9M | ||
| Q4 24 | $60.7M | $68.3M | ||
| Q3 24 | $57.3M | $22.7M | ||
| Q2 24 | $40.5M | $29.5M |
自由现金流MODSCL
| Q1 26 | — | — | ||
| Q4 25 | $-17.1M | $25.4M | ||
| Q3 25 | $-30.5M | $40.2M | ||
| Q2 25 | $200.0K | $-14.4M | ||
| Q1 25 | $27.1M | $-25.8M | ||
| Q4 24 | $44.7M | $32.1M | ||
| Q3 24 | $43.8M | $-4.0M | ||
| Q2 24 | $13.7M | $-208.0K |
自由现金流率MODSCL
| Q1 26 | — | — | ||
| Q4 25 | -2.1% | 4.6% | ||
| Q3 25 | -4.1% | 6.8% | ||
| Q2 25 | 0.0% | -2.4% | ||
| Q1 25 | 4.2% | -4.3% | ||
| Q4 24 | 7.2% | 6.1% | ||
| Q3 24 | 6.7% | -0.7% | ||
| Q2 24 | 2.1% | -0.0% |
资本支出强度MODSCL
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 6.3% | ||
| Q3 25 | 4.3% | 5.0% | ||
| Q2 25 | 4.0% | 4.3% | ||
| Q1 25 | 4.3% | 5.5% | ||
| Q4 24 | 2.6% | 6.9% | ||
| Q3 24 | 2.1% | 4.9% | ||
| Q2 24 | 4.1% | 5.3% |
现金转化率MODSCL
| Q1 26 | — | — | ||
| Q4 25 | — | 11.99× | ||
| Q3 25 | 0.03× | 6.44× | ||
| Q2 25 | 0.54× | 0.99× | ||
| Q1 25 | 1.10× | 0.35× | ||
| Q4 24 | 1.48× | 20.38× | ||
| Q3 24 | 1.24× | 0.96× | ||
| Q2 24 | 0.86× | 3.10× |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
