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REX AMERICAN RESOURCES Corp（REX）与西湖化学（WLK）财务数据对比。点击上方公司名可切换其他公司
西湖化学的季度营收约是REX AMERICAN RESOURCES Corp的14.4倍（$2.5B vs $175.6M）。REX AMERICAN RESOURCES Corp净利率更高（15.6% vs -21.5%，领先37.1%）。REX AMERICAN RESOURCES Corp同比增速更快（0.4% vs -10.9%）。REX AMERICAN RESOURCES Corp自由现金流更多（$24.5M vs $-16.0M）。过去两年REX AMERICAN RESOURCES Corp的营收复合增速更高（-3.2% vs -7.7%）
REX美国资源公司是一家美国能源企业，1980年成立，总部位于俄亥俄州代顿市。公司主营乙醇、酒糟与天然气的生产及零售，同时也对能源相关企业进行投资控股。目前全资拥有三家关联企业，截至2012年，公司旗下拥有22家全国性零售门店，并参股了五个乙醇生产项目。
西湖化学是国际知名的石化产品、聚合物及装配式建筑产品生产商与供应商，产品广泛应用于各类消费及工业市场。公司1986年由赵廷箴创立，是美国最大的低密度聚乙烯生产商，位列福布斯全球2000强，业务分为烯烃和乙烯基两大板块，具备乙烯基产品下游一体化生产能力。
REX vs WLK — 直观对比
营收规模更大
WLK
是对方的14.4倍
$175.6M
营收增速更快
REX
高出11.3%
-10.9%
净利率更高
REX
高出37.1%
-21.5%
自由现金流更多
REX
多$40.5M
$-16.0M
两年增速更快
REX
近两年复合增速
-7.7%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $175.6M | $2.5B |
| 净利润 | $27.5M | $-544.0M |
| 毛利率 | 20.6% | 3.4% |
| 营业利润率 | 20.2% | -26.5% |
| 净利率 | 15.6% | -21.5% |
| 营收同比 | 0.4% | -10.9% |
| 净利润同比 | -8.7% | -7871.4% |
| 每股收益（稀释后） | $0.71 | $-4.22 |
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REXWLK
| Q4 25 | $175.6M | $2.5B | ||
| Q3 25 | $158.6M | $2.8B | ||
| Q2 25 | $158.3M | $3.0B | ||
| Q1 25 | $158.2M | $2.8B | ||
| Q4 24 | $174.9M | $2.8B | ||
| Q3 24 | $148.2M | $3.1B | ||
| Q2 24 | $161.2M | $3.2B | ||
| Q1 24 | $187.6M | $3.0B |
净利润REXWLK
| Q4 25 | $27.5M | $-544.0M | ||
| Q3 25 | $9.3M | $-782.0M | ||
| Q2 25 | $10.7M | $-142.0M | ||
| Q1 25 | $14.1M | $-40.0M | ||
| Q4 24 | $30.1M | $7.0M | ||
| Q3 24 | $15.0M | $108.0M | ||
| Q2 24 | $12.3M | $313.0M | ||
| Q1 24 | $25.3M | $174.0M |
毛利率REXWLK
| Q4 25 | 20.6% | 3.4% | ||
| Q3 25 | 9.0% | 8.3% | ||
| Q2 25 | 9.1% | 8.7% | ||
| Q1 25 | 11.1% | 8.2% | ||
| Q4 24 | 22.7% | 11.5% | ||
| Q3 24 | 13.3% | 16.0% | ||
| Q2 24 | 9.0% | 20.7% | ||
| Q1 24 | 16.2% | 15.7% |
营业利润率REXWLK
| Q4 25 | 20.2% | -26.5% | ||
| Q3 25 | — | -27.0% | ||
| Q2 25 | — | -3.7% | ||
| Q1 25 | 11.3% | -1.1% | ||
| Q4 24 | 22.6% | 2.3% | ||
| Q3 24 | 13.2% | 5.8% | ||
| Q2 24 | 9.9% | 12.7% | ||
| Q1 24 | 17.3% | 7.5% |
净利率REXWLK
| Q4 25 | 15.6% | -21.5% | ||
| Q3 25 | 5.9% | -27.6% | ||
| Q2 25 | 6.7% | -4.8% | ||
| Q1 25 | 8.9% | -1.4% | ||
| Q4 24 | 17.2% | 0.2% | ||
| Q3 24 | 10.1% | 3.5% | ||
| Q2 24 | 7.6% | 9.8% | ||
| Q1 24 | 13.5% | 5.8% |
每股收益（稀释后）REXWLK
| Q4 25 | $0.71 | $-4.22 | ||
| Q3 25 | $0.43 | $-6.06 | ||
| Q2 25 | $0.51 | $-1.11 | ||
| Q1 25 | $-0.32 | $-0.31 | ||
| Q4 24 | $0.69 | $0.07 | ||
| Q3 24 | $0.70 | $0.83 | ||
| Q2 24 | $0.58 | $2.40 | ||
| Q1 24 | $-0.58 | $1.34 |
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 | $335.5M | $2.7B |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $566.9M | $8.8B |
| 总资产 | $750.1M | $20.0B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资REXWLK
| Q4 25 | $335.5M | $2.7B | ||
| Q3 25 | $310.5M | $1.9B | ||
| Q2 25 | $315.9M | $2.1B | ||
| Q1 25 | $359.1M | $2.3B | ||
| Q4 24 | $365.1M | $2.9B | ||
| Q3 24 | $346.0M | $2.9B | ||
| Q2 24 | $351.8M | $3.0B | ||
| Q1 24 | $378.7M | $3.1B |
总债务REXWLK
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.9B |
股东权益REXWLK
| Q4 25 | $566.9M | $8.8B | ||
| Q3 25 | $545.8M | $9.4B | ||
| Q2 25 | $536.4M | $10.3B | ||
| Q1 25 | $560.3M | $10.4B | ||
| Q4 24 | $564.5M | $10.5B | ||
| Q3 24 | $539.6M | $10.7B | ||
| Q2 24 | $524.5M | $10.6B | ||
| Q1 24 | $513.9M | $10.3B |
总资产REXWLK
| Q4 25 | $750.1M | $20.0B | ||
| Q3 25 | $700.6M | $19.8B | ||
| Q2 25 | $693.8M | $20.8B | ||
| Q1 25 | $720.0M | $20.7B | ||
| Q4 24 | $715.7M | $20.8B | ||
| Q3 24 | $680.0M | $21.1B | ||
| Q2 24 | $671.0M | $21.1B | ||
| Q1 24 | $664.8M | $21.0B |
负债/权益比REXWLK
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.47× |
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 | $51.2M | $225.0M |
| 自由现金流经营现金流 - 资本支出 | $24.5M | $-16.0M |
| 自由现金流率自由现金流/营收 | 14.0% | -0.6% |
| 资本支出强度资本支出/营收 | 15.2% | 9.5% |
| 现金转化率经营现金流/净利润 | 1.87× | — |
| 过去12个月自由现金流最近4个季度 | $17.6M | $-530.0M |
8季度趋势，按日历期对齐
经营现金流REXWLK
| Q4 25 | $51.2M | $225.0M | ||
| Q3 25 | $16.3M | $182.0M | ||
| Q2 25 | $-3.5M | $135.0M | ||
| Q1 25 | $25.1M | $-77.0M | ||
| Q4 24 | $33.4M | $434.0M | ||
| Q3 24 | $8.0M | $474.0M | ||
| Q2 24 | $-2.3M | $237.0M | ||
| Q1 24 | $62.5M | $169.0M |
自由现金流REXWLK
| Q4 25 | $24.5M | $-16.0M | ||
| Q3 25 | $-5.7M | $-57.0M | ||
| Q2 25 | $-10.4M | $-132.0M | ||
| Q1 25 | $9.2M | $-325.0M | ||
| Q4 24 | $18.2M | $149.0M | ||
| Q3 24 | $-7.4M | $254.0M | ||
| Q2 24 | $-27.1M | $6.0M | ||
| Q1 24 | $47.2M | $-103.0M |
自由现金流率REXWLK
| Q4 25 | 14.0% | -0.6% | ||
| Q3 25 | -3.6% | -2.0% | ||
| Q2 25 | -6.6% | -4.5% | ||
| Q1 25 | 5.8% | -11.4% | ||
| Q4 24 | 10.4% | 5.2% | ||
| Q3 24 | -5.0% | 8.1% | ||
| Q2 24 | -16.8% | 0.2% | ||
| Q1 24 | 25.2% | -3.5% |
资本支出强度REXWLK
| Q4 25 | 15.2% | 9.5% | ||
| Q3 25 | 13.9% | 8.4% | ||
| Q2 25 | 4.4% | 9.0% | ||
| Q1 25 | 10.0% | 8.7% | ||
| Q4 24 | 8.7% | 10.0% | ||
| Q3 24 | 10.4% | 7.1% | ||
| Q2 24 | 15.4% | 7.2% | ||
| Q1 24 | 8.2% | 9.1% |
现金转化率REXWLK
| Q4 25 | 1.87× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | -0.33× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.11× | 62.00× | ||
| Q3 24 | 0.53× | 4.39× | ||
| Q2 24 | -0.18× | 0.76× | ||
| Q1 24 | 2.47× | 0.97× |
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
REX
| Ethanol | $136.0M | 77% |
| Dried Distillers Grains | $22.4M | 13% |
| Distillers Corn Oil | $16.4M | 9% |
| Modified Distillers Grains | $1.2M | 1% |
WLK
| Performance Materials | $930.0M | 37% |
| Housing Products | $767.0M | 30% |
| Essential Materials | $702.0M | 28% |
| Infrastructure Products | $134.0M | 5% |
