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American Assets Trust, Inc.（AAT）与Ecovyst Inc.（ECVT）财务数据对比。点击上方公司名可切换其他公司
Ecovyst Inc.的季度营收约是American Assets Trust, Inc.的1.8倍（$199.4M vs $110.6M），Ecovyst Inc.同比增速更快（34.0% vs 1.8%），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs -0.1%）
该公司是一家大型英国投资信托，在伦敦证券交易所上市，同时是富时250指数的成分股，现任董事长为获颁CBE勋章的伊恩·弗格森。
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
AAT vs ECVT — 直观对比
营收规模更大
ECVT
是对方的1.8倍
$110.6M
营收增速更快
ECVT
高出32.1%
1.8%
两年增速更快
ECVT
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $110.6M | $199.4M |
| 净利润 | $6.7M | — |
| 毛利率 | — | 23.4% |
| 营业利润率 | 23.4% | 10.9% |
| 净利率 | 6.1% | — |
| 营收同比 | 1.8% | 34.0% |
| 净利润同比 | -16.3% | — |
| 每股收益（稀释后） | $0.08 | $0.06 |
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AATECVT
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $199.4M | ||
| Q3 25 | $109.6M | $204.9M | ||
| Q2 25 | $107.9M | $176.1M | ||
| Q1 25 | $108.6M | $143.1M | ||
| Q4 24 | $113.5M | $148.9M | ||
| Q3 24 | $122.8M | $153.9M | ||
| Q2 24 | $110.9M | $154.0M |
净利润AATECVT
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $4.5M | $-79.3M | ||
| Q2 25 | $5.5M | $6.0M | ||
| Q1 25 | $42.5M | $-3.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | $16.7M | $14.3M | ||
| Q2 24 | $11.9M | $8.3M |
毛利率AATECVT
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 23.4% | ||
| Q3 25 | 60.5% | 25.4% | ||
| Q2 25 | 62.6% | 22.8% | ||
| Q1 25 | 62.0% | 13.3% | ||
| Q4 24 | 61.3% | 28.9% | ||
| Q3 24 | 65.5% | 29.3% | ||
| Q2 24 | 63.6% | 27.3% |
营业利润率AATECVT
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 10.9% | ||
| Q3 25 | 22.6% | 13.8% | ||
| Q2 25 | 24.1% | 9.0% | ||
| Q1 25 | 66.3% | -0.7% | ||
| Q4 24 | 26.5% | 15.1% | ||
| Q3 24 | 30.8% | 17.9% | ||
| Q2 24 | 27.8% | 14.1% |
净利率AATECVT
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.1% | -38.7% | ||
| Q2 25 | 5.1% | 3.4% | ||
| Q1 25 | 39.2% | -2.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 13.6% | 9.3% | ||
| Q2 24 | 10.7% | 5.4% |
每股收益（稀释后）AATECVT
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.06 | ||
| Q3 25 | $0.07 | $-0.69 | ||
| Q2 25 | $0.09 | $0.05 | ||
| Q1 25 | $0.70 | $-0.03 | ||
| Q4 24 | $0.14 | $-0.26 | ||
| Q3 24 | $0.28 | $0.12 | ||
| Q2 24 | $0.20 | $0.07 |
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 | $118.3M | $197.2M |
| 总债务越低越好 | — | $392.6M |
| 股东权益账面价值 | $1.1B | $603.4M |
| 总资产 | $2.9B | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资AATECVT
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $197.2M | ||
| Q3 25 | $138.7M | $82.0M | ||
| Q2 25 | $143.7M | $69.6M | ||
| Q1 25 | $143.9M | $127.5M | ||
| Q4 24 | $425.7M | $131.4M | ||
| Q3 24 | $533.0M | $123.5M | ||
| Q2 24 | $114.9M | $83.3M |
总债务AATECVT
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $392.6M | ||
| Q3 25 | — | $854.8M | ||
| Q2 25 | — | $856.6M | ||
| Q1 25 | — | $859.0M | ||
| Q4 24 | $2.0B | $860.8M | ||
| Q3 24 | — | $862.7M | ||
| Q2 24 | — | $862.4M |
股东权益AATECVT
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $603.4M | ||
| Q3 25 | $1.2B | $607.9M | ||
| Q2 25 | $1.2B | $692.4M | ||
| Q1 25 | $1.2B | $698.7M | ||
| Q4 24 | $1.2B | $700.5M | ||
| Q3 24 | $1.2B | $729.4M | ||
| Q2 24 | $1.2B | $717.3M |
总资产AATECVT
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.3B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $3.0B | $1.8B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $3.3B | $1.8B | ||
| Q3 24 | $3.4B | $1.8B | ||
| Q2 24 | $3.0B | $1.8B |
负债/权益比AATECVT
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 0.65× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | 1.72× | 1.23× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.20× |
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 | — | $41.8M |
| 自由现金流经营现金流 - 资本支出 | — | $22.9M |
| 自由现金流率自由现金流/营收 | — | 11.5% |
| 资本支出强度资本支出/营收 | 14.5% | 9.4% |
| 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 | — | $69.9M |
8季度趋势，按日历期对齐
经营现金流AATECVT
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $41.8M | ||
| Q3 25 | $40.5M | $55.3M | ||
| Q2 25 | $49.2M | $33.0M | ||
| Q1 25 | $36.9M | $10.3M | ||
| Q4 24 | $207.1M | $43.5M | ||
| Q3 24 | $52.4M | $59.9M | ||
| Q2 24 | $59.3M | $10.0M |
自由现金流AATECVT
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $22.9M | ||
| Q3 25 | $23.1M | $53.2M | ||
| Q2 25 | $28.4M | $7.8M | ||
| Q1 25 | $20.4M | $-14.0M | ||
| Q4 24 | $136.9M | $30.9M | ||
| Q3 24 | $28.0M | $53.6M | ||
| Q2 24 | $43.6M | $-9.3M |
自由现金流率AATECVT
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 11.5% | ||
| Q3 25 | 21.1% | 26.0% | ||
| Q2 25 | 26.3% | 4.4% | ||
| Q1 25 | 18.8% | -9.8% | ||
| Q4 24 | 120.7% | 20.7% | ||
| Q3 24 | 22.8% | 34.9% | ||
| Q2 24 | 39.3% | -6.1% |
资本支出强度AATECVT
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 9.4% | ||
| Q3 25 | 15.9% | 1.0% | ||
| Q2 25 | 19.3% | 14.4% | ||
| Q1 25 | 15.1% | 16.9% | ||
| Q4 24 | 61.9% | 8.5% | ||
| Q3 24 | 19.9% | 4.1% | ||
| Q2 24 | 14.1% | 12.5% |
现金转化率AATECVT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | — | ||
| Q2 25 | 9.01× | 5.52× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.15× | 4.21× | ||
| Q2 24 | 4.98× | 1.20× |
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
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
