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STEPAN CO（SCL）与TIDEWATER INC（TDW）财务数据对比。点击上方公司名可切换其他公司
STEPAN CO的季度营收约是TIDEWATER INC的1.8倍（$604.5M vs $336.8M），TIDEWATER INC净利率更高（65.3% vs 3.3%，领先62.0%），STEPAN CO同比增速更快（1.9% vs -2.4%），过去两年STEPAN CO的营收复合增速更高（4.2% vs 2.4%）
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。
Tidewater Inc.是一家公开上市的国际石油服务企业，总部位于美国得克萨斯州休斯敦。公司运营专业船舶船队，主要为海上油气、海上风电行业提供船舶租赁及相关海事服务，是全球海洋能源服务领域的重要参与者。
SCL vs TDW — 直观对比
营收规模更大
SCL
是对方的1.8倍
$336.8M
营收增速更快
SCL
高出4.3%
-2.4%
净利率更高
TDW
高出62.0%
3.3%
两年增速更快
SCL
近两年复合增速
2.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $604.5M | $336.8M |
| 净利润 | $19.7M | $219.9M |
| 毛利率 | 10.7% | — |
| 营业利润率 | 4.7% | 19.0% |
| 净利率 | 3.3% | 65.3% |
| 营收同比 | 1.9% | -2.4% |
| 净利润同比 | — | 495.8% |
| 每股收益（稀释后） | $0.86 | $4.37 |
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SCLTDW
| Q1 26 | $604.5M | — | ||
| Q4 25 | $553.9M | $336.8M | ||
| Q3 25 | $590.3M | $341.1M | ||
| Q2 25 | $594.7M | $341.4M | ||
| Q1 25 | $593.3M | $333.4M | ||
| Q4 24 | $525.6M | $345.1M | ||
| Q3 24 | $546.8M | $340.4M | ||
| Q2 24 | $556.4M | $339.2M |
净利润SCLTDW
| Q1 26 | $19.7M | — | ||
| Q4 25 | $5.0M | $219.9M | ||
| Q3 25 | $10.8M | $-806.0K | ||
| Q2 25 | $11.3M | $72.9M | ||
| Q1 25 | $19.7M | $42.7M | ||
| Q4 24 | $3.4M | $36.9M | ||
| Q3 24 | $23.6M | $46.4M | ||
| Q2 24 | $9.5M | $50.4M |
毛利率SCLTDW
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.3% | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 12.7% | — | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 12.5% | — |
营业利润率SCLTDW
| Q1 26 | 4.7% | — | ||
| Q4 25 | 1.9% | 19.0% | ||
| Q3 25 | 3.7% | 18.4% | ||
| Q2 25 | 3.0% | 23.7% | ||
| Q1 25 | 4.8% | 22.5% | ||
| Q4 24 | 1.5% | 23.6% | ||
| Q3 24 | 4.4% | 20.6% | ||
| Q2 24 | 3.4% | 23.0% |
净利率SCLTDW
| Q1 26 | 3.3% | — | ||
| Q4 25 | 0.9% | 65.3% | ||
| Q3 25 | 1.8% | -0.2% | ||
| Q2 25 | 1.9% | 21.4% | ||
| Q1 25 | 3.3% | 12.8% | ||
| Q4 24 | 0.6% | 10.7% | ||
| Q3 24 | 4.3% | 13.6% | ||
| Q2 24 | 1.7% | 14.8% |
每股收益（稀释后）SCLTDW
| Q1 26 | $0.86 | — | ||
| Q4 25 | $0.22 | $4.37 | ||
| Q3 25 | $0.47 | $-0.02 | ||
| Q2 25 | $0.50 | $1.46 | ||
| Q1 25 | $0.86 | $0.83 | ||
| Q4 24 | $0.14 | $0.70 | ||
| Q3 24 | $1.03 | $0.87 | ||
| Q2 24 | $0.42 | $0.94 |
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 | — | $578.8M |
| 总债务越低越好 | $328.4M | $670.1M |
| 股东权益账面价值 | $1.2B | $1.4B |
| 总资产 | $2.3B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资SCLTDW
| Q1 26 | — | — | ||
| Q4 25 | $132.7M | $578.8M | ||
| Q3 25 | $118.5M | $428.2M | ||
| Q2 25 | $88.9M | $369.4M | ||
| Q1 25 | $107.5M | $341.8M | ||
| Q4 24 | $99.7M | $324.9M | ||
| Q3 24 | $147.3M | $280.8M | ||
| Q2 24 | $124.7M | $315.9M |
总债务SCLTDW
| Q1 26 | $328.4M | — | ||
| Q4 25 | $626.7M | $670.1M | ||
| Q3 25 | $655.5M | — | ||
| Q2 25 | $658.0M | — | ||
| Q1 25 | $659.3M | — | ||
| Q4 24 | $625.4M | $647.9M | ||
| Q3 24 | $688.5M | — | ||
| Q2 24 | $657.1M | — |
股东权益SCLTDW
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B |
总资产SCLTDW
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.4B | $2.4B | ||
| Q3 25 | $2.4B | $2.1B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | $2.4B | $2.1B | ||
| Q4 24 | $2.3B | $2.1B | ||
| Q3 24 | $2.4B | $2.0B | ||
| Q2 24 | $2.3B | $2.1B |
负债/权益比SCLTDW
| Q1 26 | 0.28× | — | ||
| Q4 25 | 0.50× | 0.49× | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.53× | 0.58× | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 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 | — | $153.0M |
| 自由现金流经营现金流 - 资本支出 | — | $147.8M |
| 自由现金流率自由现金流/营收 | — | 43.9% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | — | 0.70× |
| 过去12个月自由现金流最近4个季度 | — | $353.3M |
8季度趋势，按日历期对齐
经营现金流SCLTDW
| Q1 26 | — | — | ||
| Q4 25 | $60.0M | $153.0M | ||
| Q3 25 | $69.8M | $54.7M | ||
| Q2 25 | $11.2M | $85.4M | ||
| Q1 25 | $6.9M | $86.0M | ||
| Q4 24 | $68.3M | $100.0M | ||
| Q3 24 | $22.7M | $49.0M | ||
| Q2 24 | $29.5M | $78.6M |
自由现金流SCLTDW
| Q1 26 | — | — | ||
| Q4 25 | $25.4M | $147.8M | ||
| Q3 25 | $40.2M | $49.6M | ||
| Q2 25 | $-14.4M | $80.2M | ||
| Q1 25 | $-25.8M | $75.7M | ||
| Q4 24 | $32.1M | $95.5M | ||
| Q3 24 | $-4.0M | $43.3M | ||
| Q2 24 | $-208.0K | $72.3M |
自由现金流率SCLTDW
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 43.9% | ||
| Q3 25 | 6.8% | 14.5% | ||
| Q2 25 | -2.4% | 23.5% | ||
| Q1 25 | -4.3% | 22.7% | ||
| Q4 24 | 6.1% | 27.7% | ||
| Q3 24 | -0.7% | 12.7% | ||
| Q2 24 | -0.0% | 21.3% |
资本支出强度SCLTDW
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | 1.5% | ||
| Q3 25 | 5.0% | 1.5% | ||
| Q2 25 | 4.3% | 1.5% | ||
| Q1 25 | 5.5% | 3.1% | ||
| Q4 24 | 6.9% | 1.3% | ||
| Q3 24 | 4.9% | 1.7% | ||
| Q2 24 | 5.3% | 1.9% |
现金转化率SCLTDW
| Q1 26 | — | — | ||
| Q4 25 | 11.99× | 0.70× | ||
| Q3 25 | 6.44× | — | ||
| Q2 25 | 0.99× | 1.17× | ||
| Q1 25 | 0.35× | 2.02× | ||
| Q4 24 | 20.38× | 2.71× | ||
| Q3 24 | 0.96× | 1.06× | ||
| Q2 24 | 3.10× | 1.56× |
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
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
TDW
暂无分部数据
