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西湖化学（WLK）与WHITE MOUNTAINS INSURANCE GROUP LTD（WTM）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WHITE MOUNTAINS INSURANCE GROUP LTD的1.6倍（$2.5B vs $1.6B），WHITE MOUNTAINS INSURANCE GROUP LTD净利率更高（52.1% vs -21.5%，领先73.6%），WHITE MOUNTAINS INSURANCE GROUP LTD同比增速更快（348.0% vs -10.9%），过去两年WHITE MOUNTAINS INSURANCE GROUP LTD的营收复合增速更高（57.4% vs -7.7%）
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。
怀特山保险集团是一家多元化保险及相关金融服务控股企业，总部位于百慕大汉密尔顿，1999年10月25日从美国特拉华州迁册至当前注册地，大部分业务通过旗下保险子公司及其他关联机构开展，覆盖多个保险及金融服务细分赛道。
WLK vs WTM — 直观对比
营收规模更大
WLK
是对方的1.6倍
$1.6B
营收增速更快
WTM
高出358.9%
-10.9%
净利率更高
WTM
高出73.6%
-21.5%
两年增速更快
WTM
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.6B |
| 净利润 | $-544.0M | $835.8M |
| 毛利率 | 3.4% | 97.1% |
| 营业利润率 | -26.5% | 56.2% |
| 净利率 | -21.5% | 52.1% |
| 营收同比 | -10.9% | 348.0% |
| 净利润同比 | -7871.4% | 741.0% |
| 每股收益（稀释后） | $-4.22 | $325.02 |
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WLKWTM
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $2.8B | $864.2M | ||
| Q2 25 | $3.0B | $689.2M | ||
| Q1 25 | $2.8B | $577.8M | ||
| Q4 24 | $2.8B | $358.0M | ||
| Q3 24 | $3.1B | $839.1M | ||
| Q2 24 | $3.2B | $395.4M | ||
| Q1 24 | $3.0B | $647.3M |
净利润WLKWTM
| Q4 25 | $-544.0M | $835.8M | ||
| Q3 25 | $-782.0M | $113.8M | ||
| Q2 25 | $-142.0M | $122.9M | ||
| Q1 25 | $-40.0M | $33.9M | ||
| Q4 24 | $7.0M | $-130.4M | ||
| Q3 24 | $108.0M | $179.0M | ||
| Q2 24 | $313.0M | $-54.6M | ||
| Q1 24 | $174.0M | $236.4M |
毛利率WLKWTM
| Q4 25 | 3.4% | 97.1% | ||
| Q3 25 | 8.3% | 93.6% | ||
| Q2 25 | 8.7% | 93.8% | ||
| Q1 25 | 8.2% | 98.7% | ||
| Q4 24 | 11.5% | 97.9% | ||
| Q3 24 | 16.0% | 99.1% | ||
| Q2 24 | 20.7% | 98.2% | ||
| Q1 24 | 15.7% | 98.8% |
营业利润率WLKWTM
| Q4 25 | -26.5% | 56.2% | ||
| Q3 25 | -27.0% | 20.7% | ||
| Q2 25 | -3.7% | 25.6% | ||
| Q1 25 | -1.1% | 12.5% | ||
| Q4 24 | 2.3% | -33.7% | ||
| Q3 24 | 5.8% | 28.5% | ||
| Q2 24 | 12.7% | -8.8% | ||
| Q1 24 | 7.5% | 35.9% |
净利率WLKWTM
| Q4 25 | -21.5% | 52.1% | ||
| Q3 25 | -27.6% | 13.2% | ||
| Q2 25 | -4.8% | 17.8% | ||
| Q1 25 | -1.4% | 5.9% | ||
| Q4 24 | 0.2% | -36.4% | ||
| Q3 24 | 3.5% | 21.3% | ||
| Q2 24 | 9.8% | -13.8% | ||
| Q1 24 | 5.8% | 36.5% |
每股收益（稀释后）WLKWTM
| Q4 25 | $-4.22 | $325.02 | ||
| Q3 25 | $-6.06 | $44.18 | ||
| Q2 25 | $-1.11 | $47.75 | ||
| Q1 25 | $-0.31 | $13.19 | ||
| Q4 24 | $0.07 | $-50.98 | ||
| Q3 24 | $0.83 | $69.68 | ||
| Q2 24 | $2.40 | $-21.24 | ||
| Q1 24 | $1.34 | $92.33 |
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 | $2.7B | — |
| 总债务越低越好 | $5.6B | $837.0M |
| 股东权益账面价值 | $8.8B | $5.4B |
| 总资产 | $20.0B | $12.3B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资WLKWTM
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.1B | — |
总债务WLKWTM
| Q4 25 | $5.6B | $837.0M | ||
| Q3 25 | $4.7B | $870.4M | ||
| Q2 25 | $4.7B | $694.6M | ||
| Q1 25 | $4.6B | $676.1M | ||
| Q4 24 | $4.6B | $562.5M | ||
| Q3 24 | $4.6B | $544.9M | ||
| Q2 24 | $4.9B | $530.2M | ||
| Q1 24 | $4.9B | $532.1M |
股东权益WLKWTM
| Q4 25 | $8.8B | $5.4B | ||
| Q3 25 | $9.4B | $4.8B | ||
| Q2 25 | $10.3B | $4.6B | ||
| Q1 25 | $10.4B | $4.5B | ||
| Q4 24 | $10.5B | $4.5B | ||
| Q3 24 | $10.7B | $4.6B | ||
| Q2 24 | $10.6B | $4.4B | ||
| Q1 24 | $10.3B | $4.5B |
总资产WLKWTM
| Q4 25 | $20.0B | $12.3B | ||
| Q3 25 | $19.8B | $12.3B | ||
| Q2 25 | $20.8B | $11.8B | ||
| Q1 25 | $20.7B | $11.0B | ||
| Q4 24 | $20.8B | $9.9B | ||
| Q3 24 | $21.1B | $10.3B | ||
| Q2 24 | $21.1B | $10.2B | ||
| Q1 24 | $21.0B | $9.6B |
负债/权益比WLKWTM
| Q4 25 | 0.64× | 0.15× | ||
| Q3 25 | 0.49× | 0.18× | ||
| Q2 25 | 0.45× | 0.15× | ||
| Q1 25 | 0.44× | 0.15× | ||
| Q4 24 | 0.43× | 0.13× | ||
| Q3 24 | 0.43× | 0.12× | ||
| Q2 24 | 0.46× | 0.12× | ||
| Q1 24 | 0.47× | 0.12× |
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 | $225.0M | $53.9M |
| 自由现金流经营现金流 - 资本支出 | $-16.0M | — |
| 自由现金流率自由现金流/营收 | -0.6% | — |
| 资本支出强度资本支出/营收 | 9.5% | — |
| 现金转化率经营现金流/净利润 | — | 0.06× |
| 过去12个月自由现金流最近4个季度 | $-530.0M | — |
8季度趋势，按日历期对齐
经营现金流WLKWTM
| Q4 25 | $225.0M | $53.9M | ||
| Q3 25 | $182.0M | $359.3M | ||
| Q2 25 | $135.0M | $177.5M | ||
| Q1 25 | $-77.0M | $-40.2M | ||
| Q4 24 | $434.0M | $64.1M | ||
| Q3 24 | $474.0M | $269.4M | ||
| Q2 24 | $237.0M | $216.8M | ||
| Q1 24 | $169.0M | $36.5M |
自由现金流WLKWTM
| Q4 25 | $-16.0M | — | ||
| Q3 25 | $-57.0M | — | ||
| Q2 25 | $-132.0M | — | ||
| Q1 25 | $-325.0M | — | ||
| Q4 24 | $149.0M | — | ||
| Q3 24 | $254.0M | — | ||
| Q2 24 | $6.0M | — | ||
| Q1 24 | $-103.0M | — |
自由现金流率WLKWTM
| Q4 25 | -0.6% | — | ||
| Q3 25 | -2.0% | — | ||
| Q2 25 | -4.5% | — | ||
| Q1 25 | -11.4% | — | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | -3.5% | — |
资本支出强度WLKWTM
| Q4 25 | 9.5% | — | ||
| Q3 25 | 8.4% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 8.7% | — | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 9.1% | — |
现金转化率WLKWTM
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | — | 1.44× | ||
| Q1 25 | — | -1.19× | ||
| Q4 24 | 62.00× | — | ||
| Q3 24 | 4.39× | 1.51× | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.97× | 0.15× |
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
WLK
| Performance Materials | $930.0M | 37% |
| Housing Products | $767.0M | 30% |
| Essential Materials | $702.0M | 28% |
| Infrastructure Products | $134.0M | 5% |
WTM
暂无分部数据
