vs
STEPAN CO（SCL）与Frontier Group Holdings, Inc.（ULCC）财务数据对比。点击上方公司名可切换其他公司
Frontier Group Holdings, Inc.的季度营收约是STEPAN CO的1.6倍（$997.0M vs $604.5M），Frontier Group Holdings, Inc.净利率更高（5.3% vs 3.3%，领先2.1%），STEPAN CO同比增速更快（1.9% vs -0.5%），过去两年Frontier Group Holdings, Inc.的营收复合增速更高（7.4% vs 4.2%）
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。
前沿通信母公司（Frontier Communications Parent, Inc.）是一家美国电信企业，拥有自营光纤网络，提供云服务，目前隶属于威瑞森。公司此前曾先后以公民公用事业公司、公民通信公司、前沿通信公司为名开展运营。
SCL vs ULCC — 直观对比
营收规模更大
ULCC
是对方的1.6倍
$604.5M
营收增速更快
SCL
高出2.4%
-0.5%
净利率更高
ULCC
高出2.1%
3.3%
两年增速更快
ULCC
近两年复合增速
4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $604.5M | $997.0M |
| 净利润 | $19.7M | $53.0M |
| 毛利率 | 10.7% | — |
| 营业利润率 | 4.7% | 4.9% |
| 净利率 | 3.3% | 5.3% |
| 营收同比 | 1.9% | -0.5% |
| 净利润同比 | — | -1.9% |
| 每股收益（稀释后） | $0.86 | $0.24 |
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SCLULCC
| Q1 26 | $604.5M | — | ||
| Q4 25 | $553.9M | $997.0M | ||
| Q3 25 | $590.3M | $886.0M | ||
| Q2 25 | $594.7M | $929.0M | ||
| Q1 25 | $593.3M | $912.0M | ||
| Q4 24 | $525.6M | $1.0B | ||
| Q3 24 | $546.8M | $935.0M | ||
| Q2 24 | $556.4M | $973.0M |
净利润SCLULCC
| Q1 26 | $19.7M | — | ||
| Q4 25 | $5.0M | $53.0M | ||
| Q3 25 | $10.8M | $-77.0M | ||
| Q2 25 | $11.3M | $-70.0M | ||
| Q1 25 | $19.7M | $-43.0M | ||
| Q4 24 | $3.4M | $54.0M | ||
| Q3 24 | $23.6M | $26.0M | ||
| Q2 24 | $9.5M | $31.0M |
毛利率SCLULCC
| 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SCLULCC
| Q1 26 | 4.7% | — | ||
| Q4 25 | 1.9% | 4.9% | ||
| Q3 25 | 3.7% | -8.7% | ||
| Q2 25 | 3.0% | -8.1% | ||
| Q1 25 | 4.8% | -5.0% | ||
| Q4 24 | 1.5% | 4.5% | ||
| Q3 24 | 4.4% | 2.0% | ||
| Q2 24 | 3.4% | 2.6% |
净利率SCLULCC
| Q1 26 | 3.3% | — | ||
| Q4 25 | 0.9% | 5.3% | ||
| Q3 25 | 1.8% | -8.7% | ||
| Q2 25 | 1.9% | -7.5% | ||
| Q1 25 | 3.3% | -4.7% | ||
| Q4 24 | 0.6% | 5.4% | ||
| Q3 24 | 4.3% | 2.8% | ||
| Q2 24 | 1.7% | 3.2% |
每股收益（稀释后）SCLULCC
| Q1 26 | $0.86 | — | ||
| Q4 25 | $0.22 | $0.24 | ||
| Q3 25 | $0.47 | $-0.34 | ||
| Q2 25 | $0.50 | $-0.31 | ||
| Q1 25 | $0.86 | $-0.19 | ||
| Q4 24 | $0.14 | $0.24 | ||
| Q3 24 | $1.03 | $0.11 | ||
| Q2 24 | $0.42 | $0.14 |
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 | — | $671.0M |
| 总债务越低越好 | $328.4M | $620.0M |
| 股东权益账面价值 | $1.2B | $491.0M |
| 总资产 | $2.3B | $7.2B |
| 负债/权益比越低杠杆越低 | 0.28× | 1.26× |
8季度趋势，按日历期对齐
现金及短期投资SCLULCC
| Q1 26 | — | — | ||
| Q4 25 | $132.7M | $671.0M | ||
| Q3 25 | $118.5M | $566.0M | ||
| Q2 25 | $88.9M | $563.0M | ||
| Q1 25 | $107.5M | $686.0M | ||
| Q4 24 | $99.7M | $740.0M | ||
| Q3 24 | $147.3M | $576.0M | ||
| Q2 24 | $124.7M | $658.0M |
总债务SCLULCC
| Q1 26 | $328.4M | — | ||
| Q4 25 | $626.7M | $620.0M | ||
| Q3 25 | $655.5M | $673.0M | ||
| Q2 25 | $658.0M | $565.0M | ||
| Q1 25 | $659.3M | $512.0M | ||
| Q4 24 | $625.4M | $507.0M | ||
| Q3 24 | $688.5M | $474.0M | ||
| Q2 24 | $657.1M | $455.0M |
股东权益SCLULCC
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $491.0M | ||
| Q3 25 | $1.2B | $434.0M | ||
| Q2 25 | $1.2B | $506.0M | ||
| Q1 25 | $1.2B | $570.0M | ||
| Q4 24 | $1.2B | $604.0M | ||
| Q3 24 | $1.2B | $549.0M | ||
| Q2 24 | $1.2B | $520.0M |
总资产SCLULCC
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.4B | $7.2B | ||
| Q3 25 | $2.4B | $6.7B | ||
| Q2 25 | $2.4B | $6.5B | ||
| Q1 25 | $2.4B | $6.5B | ||
| Q4 24 | $2.3B | $6.2B | ||
| Q3 24 | $2.4B | $5.8B | ||
| Q2 24 | $2.3B | $5.7B |
负债/权益比SCLULCC
| Q1 26 | 0.28× | — | ||
| Q4 25 | 0.50× | 1.26× | ||
| Q3 25 | 0.53× | 1.55× | ||
| Q2 25 | 0.53× | 1.12× | ||
| Q1 25 | 0.55× | 0.90× | ||
| Q4 24 | 0.53× | 0.84× | ||
| Q3 24 | 0.56× | 0.86× | ||
| Q2 24 | 0.55× | 0.88× |
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 | — | $-91.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-113.0M |
| 自由现金流率自由现金流/营收 | — | -11.3% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | — | -1.72× |
| 过去12个月自由现金流最近4个季度 | — | $-600.0M |
8季度趋势，按日历期对齐
经营现金流SCLULCC
| Q1 26 | — | — | ||
| Q4 25 | $60.0M | $-91.0M | ||
| Q3 25 | $69.8M | $-215.0M | ||
| Q2 25 | $11.2M | $-133.0M | ||
| Q1 25 | $6.9M | $-86.0M | ||
| Q4 24 | $68.3M | $87.0M | ||
| Q3 24 | $22.7M | $-156.0M | ||
| Q2 24 | $29.5M | $9.0M |
自由现金流SCLULCC
| Q1 26 | — | — | ||
| Q4 25 | $25.4M | $-113.0M | ||
| Q3 25 | $40.2M | $-217.0M | ||
| Q2 25 | $-14.4M | $-166.0M | ||
| Q1 25 | $-25.8M | $-104.0M | ||
| Q4 24 | $32.1M | $73.0M | ||
| Q3 24 | $-4.0M | $-170.0M | ||
| Q2 24 | $-208.0K | $-22.0M |
自由现金流率SCLULCC
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | -11.3% | ||
| Q3 25 | 6.8% | -24.5% | ||
| Q2 25 | -2.4% | -17.9% | ||
| Q1 25 | -4.3% | -11.4% | ||
| Q4 24 | 6.1% | 7.3% | ||
| Q3 24 | -0.7% | -18.2% | ||
| Q2 24 | -0.0% | -2.3% |
资本支出强度SCLULCC
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | 2.2% | ||
| Q3 25 | 5.0% | 0.2% | ||
| Q2 25 | 4.3% | 3.6% | ||
| Q1 25 | 5.5% | 2.0% | ||
| Q4 24 | 6.9% | 1.4% | ||
| Q3 24 | 4.9% | 1.5% | ||
| Q2 24 | 5.3% | 3.2% |
现金转化率SCLULCC
| Q1 26 | — | — | ||
| Q4 25 | 11.99× | -1.72× | ||
| Q3 25 | 6.44× | — | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 20.38× | 1.61× | ||
| Q3 24 | 0.96× | -6.00× | ||
| Q2 24 | 3.10× | 0.29× |
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% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
