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碳博士控股（TANH）与Westlake Chemical Partners LP（WLKP）财务数据对比。点击上方公司名可切换其他公司
Westlake Chemical Partners LP的季度营收约是碳博士控股的15.0倍（$323.0M vs $21.5M）。碳博士控股净利率更高（8.2% vs 4.5%，领先3.7%）。Westlake Chemical Partners LP同比增速更快（11.4% vs -0.2%）
碳博士控股是一家总部位于中国的特种制造企业，主要从事竹炭制品、高性能清洁能源材料及环保消费品的研发、生产与销售，客户覆盖中国本土及全球多个市场的消费品、工业材料及新能源领域。
Westlake Chemical Partners LP是一家石化领域有限合伙企业，主营乙烯、聚乙烯、苯乙烯单体等基础石化产品的生产与销售，核心市场覆盖北美地区，服务包装、建材、消费品、工业制造等下游行业客户。
TANH vs WLKP — 直观对比
营收规模更大
WLKP
是对方的15.0倍
$21.5M
营收增速更快
WLKP
高出11.6%
-0.2%
净利率更高
TANH
高出3.7%
4.5%
损益表 — Q2 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $21.5M | $323.0M |
| 净利润 | $1.8M | $14.5M |
| 毛利率 | 22.2% | 30.0% |
| 营业利润率 | 10.8% | 27.8% |
| 净利率 | 8.2% | 4.5% |
| 营收同比 | -0.2% | 11.4% |
| 净利润同比 | 59.8% | -3.0% |
| 每股收益（稀释后） | — | — |
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TANHWLKP
| Q4 25 | — | $323.0M | ||
| Q3 25 | — | $308.9M | ||
| Q2 25 | $21.5M | $297.1M | ||
| Q1 25 | — | $237.6M | ||
| Q4 24 | — | $290.1M | ||
| Q3 24 | — | $277.0M | ||
| Q2 24 | $21.5M | $284.2M | ||
| Q1 24 | — | $284.7M |
净利润TANHWLKP
| Q4 25 | — | $14.5M | ||
| Q3 25 | — | $14.7M | ||
| Q2 25 | $1.8M | $14.6M | ||
| Q1 25 | — | $4.9M | ||
| Q4 24 | — | $15.0M | ||
| Q3 24 | — | $18.1M | ||
| Q2 24 | $1.1M | $14.4M | ||
| Q1 24 | — | $14.8M |
毛利率TANHWLKP
| Q4 25 | — | 30.0% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | 22.2% | 32.8% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 34.0% | ||
| Q3 24 | — | 42.2% | ||
| Q2 24 | 22.3% | 35.6% | ||
| Q1 24 | — | 35.9% |
营业利润率TANHWLKP
| Q4 25 | — | 27.8% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | 10.8% | 30.7% | ||
| Q1 25 | — | 19.6% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | 8.0% | 32.9% | ||
| Q1 24 | — | 33.4% |
净利率TANHWLKP
| Q4 25 | — | 4.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | 8.2% | 4.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | 5.1% | 5.1% | ||
| Q1 24 | — | 5.2% |
每股收益（稀释后）TANHWLKP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | — | — |
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 | $35.2M | $44.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $128.3M | — |
| 总资产 | $143.0M | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TANHWLKP
| Q4 25 | — | $44.3M | ||
| Q3 25 | — | $37.9M | ||
| Q2 25 | $35.2M | $36.6M | ||
| Q1 25 | — | $49.6M | ||
| Q4 24 | — | $58.3M | ||
| Q3 24 | — | $60.2M | ||
| Q2 24 | $34.2M | $66.0M | ||
| Q1 24 | — | $55.8M |
股东权益TANHWLKP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $128.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $126.0M | — | ||
| Q1 24 | — | — |
总资产TANHWLKP
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $143.0M | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $142.2M | $1.3B | ||
| Q1 24 | — | $1.3B |
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 | — | $120.4M |
| 自由现金流经营现金流 - 资本支出 | — | $111.5M |
| 自由现金流率自由现金流/营收 | — | 34.5% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | — | 8.28× |
| 过去12个月自由现金流最近4个季度 | — | $201.7M |
8季度趋势，按日历期对齐
经营现金流TANHWLKP
| Q4 25 | — | $120.4M | ||
| Q3 25 | — | $105.2M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | — | $45.8M | ||
| Q4 24 | — | $132.5M | ||
| Q3 24 | — | $126.1M | ||
| Q2 24 | $4.4M | $121.9M | ||
| Q1 24 | — | $104.6M |
自由现金流TANHWLKP
| Q4 25 | — | $111.5M | ||
| Q3 25 | — | $75.6M | ||
| Q2 25 | — | $-15.3M | ||
| Q1 25 | — | $29.8M | ||
| Q4 24 | — | $119.0M | ||
| Q3 24 | — | $110.5M | ||
| Q2 24 | $4.4M | $111.7M | ||
| Q1 24 | — | $94.8M |
自由现金流率TANHWLKP
| Q4 25 | — | 34.5% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | -5.2% | ||
| Q1 25 | — | 12.6% | ||
| Q4 24 | — | 41.0% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | 20.6% | 39.3% | ||
| Q1 24 | — | 33.3% |
资本支出强度TANHWLKP
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | 0.1% | 3.6% | ||
| Q1 24 | — | 3.4% |
现金转化率TANHWLKP
| Q4 25 | — | 8.28× | ||
| Q3 25 | — | 7.18× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 9.25× | ||
| Q4 24 | — | 8.83× | ||
| Q3 24 | — | 6.95× | ||
| Q2 24 | 4.01× | 8.45× | ||
| Q1 24 | — | 7.05× |
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
TANH
| Revenue from China | $20.9M | 97% |
| Revenue directly from foreign countries | $602.2K | 3% |
WLKP
| Affiliated Entity | $296.9M | 92% |
| Nonrelated Party | $26.2M | 8% |
