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特诺控股（TROX）与WESTERN ALLIANCE BANCORPORATION（WAL）财务数据对比。点击上方公司名可切换其他公司
WESTERN ALLIANCE BANCORPORATION的季度营收约是特诺控股的1.4倍（$1.0B vs $730.0M），WESTERN ALLIANCE BANCORPORATION净利率更高（18.6% vs -24.1%，领先42.7%），WESTERN ALLIANCE BANCORPORATION同比增速更快（31.0% vs 8.0%），过去两年WESTERN ALLIANCE BANCORPORATION的营收复合增速更高（14.9% vs -2.9%）
特诺控股是一家业务遍及全球的美国化工企业，专注于钛制品领域，现有员工约6500名。在收购南非埃萨罗资源原有的矿砂业务后，特诺已成为全球规模最大的全产业链二氧化钛颜料供应商。二氧化钛颜料主要为涂料、塑料、纸张等产品增白增亮，特诺还拥有钛矿砂开采及加工业务。
Western Alliance Bancorporation是总部位于美国菲尼克斯的区域性银行控股公司，长期深耕美国本土区域金融服务市场，目前已跻身美国最大银行行列，在福布斯发布的美国最佳银行榜单中排名第97位。
TROX vs WAL — 直观对比
营收规模更大
WAL
是对方的1.4倍
$730.0M
营收增速更快
WAL
高出23.0%
8.0%
净利率更高
WAL
高出42.7%
-24.1%
两年增速更快
WAL
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $730.0M | $1.0B |
| 净利润 | $-176.0M | $189.2M |
| 毛利率 | 5.3% | — |
| 营业利润率 | -15.6% | — |
| 净利率 | -24.1% | 18.6% |
| 营收同比 | 8.0% | 31.0% |
| 净利润同比 | -486.7% | -5.0% |
| 每股收益（稀释后） | $-1.11 | $1.65 |
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TROXWAL
| Q1 26 | — | $1.0B | ||
| Q4 25 | $730.0M | $980.9M | ||
| Q3 25 | $699.0M | $938.2M | ||
| Q2 25 | $731.0M | $845.9M | ||
| Q1 25 | $738.0M | $778.0M | ||
| Q4 24 | $676.0M | $838.4M | ||
| Q3 24 | $804.0M | $823.1M | ||
| Q2 24 | $820.0M | $771.8M |
净利润TROXWAL
| Q1 26 | — | $189.2M | ||
| Q4 25 | $-176.0M | $286.1M | ||
| Q3 25 | $-99.0M | $253.4M | ||
| Q2 25 | $-84.0M | $230.4M | ||
| Q1 25 | $-111.0M | $199.1M | ||
| Q4 24 | $-30.0M | $216.9M | ||
| Q3 24 | $-25.0M | $199.8M | ||
| Q2 24 | $16.0M | $193.6M |
毛利率TROXWAL
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | — | ||
| Q3 25 | 7.4% | — | ||
| Q2 25 | 10.8% | — | ||
| Q1 25 | 13.4% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 18.3% | — |
营业利润率TROXWAL
| Q1 26 | — | — | ||
| Q4 25 | -15.6% | 36.3% | ||
| Q3 25 | -6.2% | 33.4% | ||
| Q2 25 | -4.8% | 34.4% | ||
| Q1 25 | -8.3% | 31.7% | ||
| Q4 24 | 7.1% | 30.9% | ||
| Q3 24 | 6.7% | 30.6% | ||
| Q2 24 | 9.3% | 32.1% |
净利率TROXWAL
| Q1 26 | — | 18.6% | ||
| Q4 25 | -24.1% | 29.2% | ||
| Q3 25 | -14.2% | 27.0% | ||
| Q2 25 | -11.5% | 27.2% | ||
| Q1 25 | -15.0% | 25.6% | ||
| Q4 24 | -4.4% | 25.9% | ||
| Q3 24 | -3.1% | 24.3% | ||
| Q2 24 | 2.0% | 25.1% |
每股收益（稀释后）TROXWAL
| Q1 26 | — | $1.65 | ||
| Q4 25 | $-1.11 | $2.59 | ||
| Q3 25 | $-0.63 | $2.28 | ||
| Q2 25 | $-0.53 | $2.07 | ||
| Q1 25 | $-0.70 | $1.79 | ||
| Q4 24 | $-0.19 | $1.94 | ||
| Q3 24 | $-0.16 | $1.80 | ||
| Q2 24 | $0.10 | $1.75 |
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 | $199.0M | — |
| 总债务越低越好 | $3.1B | $4.3B |
| 股东权益账面价值 | $1.4B | $7.9B |
| 总资产 | $6.2B | $98.9B |
| 负债/权益比越低杠杆越低 | 2.21× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资TROXWAL
| Q1 26 | — | — | ||
| Q4 25 | $199.0M | — | ||
| Q3 25 | $185.0M | — | ||
| Q2 25 | $132.0M | — | ||
| Q1 25 | $138.0M | — | ||
| Q4 24 | $151.0M | — | ||
| Q3 24 | $167.0M | — | ||
| Q2 24 | $201.0M | — |
总债务TROXWAL
| Q1 26 | — | $4.3B | ||
| Q4 25 | $3.1B | $1.4B | ||
| Q3 25 | $3.1B | $2.9B | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $2.8B | $2.4B | ||
| Q3 24 | $2.8B | $1.4B | ||
| Q2 24 | $2.8B | $436.0M |
股东权益TROXWAL
| Q1 26 | — | $7.9B | ||
| Q4 25 | $1.4B | $7.7B | ||
| Q3 25 | $1.6B | $7.4B | ||
| Q2 25 | $1.6B | $7.1B | ||
| Q1 25 | $1.7B | $6.9B | ||
| Q4 24 | $1.8B | $6.7B | ||
| Q3 24 | $1.9B | $6.7B | ||
| Q2 24 | $1.9B | $6.3B |
总资产TROXWAL
| Q1 26 | — | $98.9B | ||
| Q4 25 | $6.2B | $92.8B | ||
| Q3 25 | $6.3B | $91.0B | ||
| Q2 25 | $6.2B | $86.7B | ||
| Q1 25 | $6.1B | $83.0B | ||
| Q4 24 | $6.0B | $80.9B | ||
| Q3 24 | $6.2B | $80.1B | ||
| Q2 24 | $6.1B | $80.6B |
负债/权益比TROXWAL
| Q1 26 | — | 0.54× | ||
| Q4 25 | 2.21× | 0.18× | ||
| Q3 25 | 2.01× | 0.39× | ||
| Q2 25 | 1.67× | 0.41× | ||
| Q1 25 | 1.64× | 0.23× | ||
| Q4 24 | 1.57× | 0.36× | ||
| Q3 24 | 1.45× | 0.21× | ||
| Q2 24 | 1.47× | 0.07× |
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 | $121.0M | — |
| 自由现金流经营现金流 - 资本支出 | $53.0M | — |
| 自由现金流率自由现金流/营收 | 7.3% | — |
| 资本支出强度资本支出/营收 | 9.3% | — |
| 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 | $-281.0M | — |
8季度趋势，按日历期对齐
经营现金流TROXWAL
| Q1 26 | — | — | ||
| Q4 25 | $121.0M | $-2.7B | ||
| Q3 25 | $-57.0M | $-597.4M | ||
| Q2 25 | $28.0M | $-357.7M | ||
| Q1 25 | $-32.0M | $-1.7B | ||
| Q4 24 | $82.0M | $-2.7B | ||
| Q3 24 | $87.0M | $-1.1B | ||
| Q2 24 | $160.0M | $-745.8M |
自由现金流TROXWAL
| Q1 26 | — | — | ||
| Q4 25 | $53.0M | — | ||
| Q3 25 | $-137.0M | — | ||
| Q2 25 | $-55.0M | — | ||
| Q1 25 | $-142.0M | — | ||
| Q4 24 | $-35.0M | — | ||
| Q3 24 | $-14.0M | — | ||
| Q2 24 | $84.0M | — |
自由现金流率TROXWAL
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | — | ||
| Q3 25 | -19.6% | — | ||
| Q2 25 | -7.5% | — | ||
| Q1 25 | -19.2% | — | ||
| Q4 24 | -5.2% | — | ||
| Q3 24 | -1.7% | — | ||
| Q2 24 | 10.2% | — |
资本支出强度TROXWAL
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | — | ||
| Q3 25 | 11.4% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 14.9% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 9.3% | — |
现金转化率TROXWAL
| Q1 26 | — | — | ||
| Q4 25 | — | -9.36× | ||
| Q3 25 | — | -2.36× | ||
| Q2 25 | — | -1.55× | ||
| Q1 25 | — | -8.31× | ||
| Q4 24 | — | -12.64× | ||
| Q3 24 | — | -5.35× | ||
| Q2 24 | 10.00× | -3.85× |
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
TROX
| Ti O2 | $577.0M | 79% |
| Zircon | $78.0M | 11% |
| Idle Facility And Lower Of Cost Or Net Realizable Value Charges | $42.0M | 6% |
| Other | $20.0M | 3% |
| MGT | $13.0M | 2% |
WAL
暂无分部数据
