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Arcosa, Inc.（ACA）与亚什兰（ASH）财务数据对比。点击上方公司名可切换其他公司
Arcosa, Inc.的季度营收约是亚什兰的1.9倍（$716.7M vs $386.0M），Arcosa, Inc.净利率更高（7.3% vs -3.1%，领先10.4%），Arcosa, Inc.同比增速更快（7.6% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $55.8M），过去两年Arcosa, Inc.的营收复合增速更高（9.4% vs -18.1%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
ACA vs ASH — 直观对比
营收规模更大
ACA
是对方的1.9倍
$386.0M
营收增速更快
ACA
高出12.3%
-4.7%
净利率更高
ACA
高出10.4%
-3.1%
自由现金流更多
ASH
多$55.2M
$55.8M
两年增速更快
ACA
近两年复合增速
-18.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $386.0M |
| 净利润 | $52.1M | $-12.0M |
| 毛利率 | 22.9% | 27.2% |
| 营业利润率 | 11.0% | -1.6% |
| 净利率 | 7.3% | -3.1% |
| 营收同比 | 7.6% | -4.7% |
| 净利润同比 | 776.6% | 92.7% |
| 每股收益（稀释后） | $1.06 | $-0.26 |
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ACAASH
| Q4 25 | $716.7M | $386.0M | ||
| Q3 25 | $797.8M | $477.0M | ||
| Q2 25 | $736.9M | $463.0M | ||
| Q1 25 | $632.0M | $479.0M | ||
| Q4 24 | $666.2M | $405.0M | ||
| Q3 24 | $640.4M | $521.0M | ||
| Q2 24 | $664.7M | $544.0M | ||
| Q1 24 | $598.6M | $575.0M |
净利润ACAASH
| Q4 25 | $52.1M | $-12.0M | ||
| Q3 25 | $73.0M | $31.0M | ||
| Q2 25 | $59.7M | $-742.0M | ||
| Q1 25 | $23.6M | $31.0M | ||
| Q4 24 | $-7.7M | $-165.0M | ||
| Q3 24 | $16.6M | $17.0M | ||
| Q2 24 | $45.6M | $6.0M | ||
| Q1 24 | $39.2M | $120.0M |
毛利率ACAASH
| Q4 25 | 22.9% | 27.2% | ||
| Q3 25 | 24.1% | 33.3% | ||
| Q2 25 | 22.5% | 28.5% | ||
| Q1 25 | 19.8% | 30.7% | ||
| Q4 24 | 19.3% | 27.4% | ||
| Q3 24 | 21.3% | 33.2% | ||
| Q2 24 | 20.8% | 34.2% | ||
| Q1 24 | 18.6% | 28.0% |
营业利润率ACAASH
| Q4 25 | 11.0% | -1.6% | ||
| Q3 25 | 14.1% | 12.8% | ||
| Q2 25 | 12.9% | -152.9% | ||
| Q1 25 | 8.8% | 10.6% | ||
| Q4 24 | 6.5% | -44.2% | ||
| Q3 24 | 5.3% | 6.1% | ||
| Q2 24 | 10.1% | -11.2% | ||
| Q1 24 | 8.9% | 3.7% |
净利率ACAASH
| Q4 25 | 7.3% | -3.1% | ||
| Q3 25 | 9.2% | 6.5% | ||
| Q2 25 | 8.1% | -160.3% | ||
| Q1 25 | 3.7% | 6.5% | ||
| Q4 24 | -1.2% | -40.7% | ||
| Q3 24 | 2.6% | 3.3% | ||
| Q2 24 | 6.9% | 1.1% | ||
| Q1 24 | 6.5% | 20.9% |
每股收益（稀释后）ACAASH
| Q4 25 | $1.06 | $-0.26 | ||
| Q3 25 | $1.48 | $0.83 | ||
| Q2 25 | $1.22 | $-16.21 | ||
| Q1 25 | $0.48 | $0.65 | ||
| Q4 24 | $-0.16 | $-3.50 | ||
| Q3 24 | $0.34 | $0.34 | ||
| Q2 24 | $0.93 | $0.12 | ||
| Q1 24 | $0.80 | $2.39 |
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 | $214.6M | $304.0M |
| 总债务越低越好 | $1.5B | $1.4B |
| 股东权益账面价值 | $2.6B | $1.9B |
| 总资产 | $5.0B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.57× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资ACAASH
| Q4 25 | $214.6M | $304.0M | ||
| Q3 25 | $220.0M | $215.0M | ||
| Q2 25 | $189.7M | $207.0M | ||
| Q1 25 | $167.9M | $168.0M | ||
| Q4 24 | $187.3M | $219.0M | ||
| Q3 24 | $756.8M | $300.0M | ||
| Q2 24 | $103.7M | $399.0M | ||
| Q1 24 | $176.5M | $439.0M |
总债务ACAASH
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $699.9M | $1.3B | ||
| Q1 24 | $600.6M | $1.3B |
股东权益ACAASH
| Q4 25 | $2.6B | $1.9B | ||
| Q3 25 | $2.6B | $1.9B | ||
| Q2 25 | $2.5B | $1.9B | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $2.4B | $2.6B | ||
| Q3 24 | $2.4B | $2.9B | ||
| Q2 24 | $2.4B | $3.0B | ||
| Q1 24 | $2.4B | $3.1B |
总资产ACAASH
| Q4 25 | $5.0B | $4.5B | ||
| Q3 25 | $5.1B | $4.6B | ||
| Q2 25 | $5.0B | $4.6B | ||
| Q1 25 | $4.9B | $5.2B | ||
| Q4 24 | $4.9B | $5.2B | ||
| Q3 24 | $4.4B | $5.6B | ||
| Q2 24 | $3.8B | $5.7B | ||
| Q1 24 | $3.7B | $5.9B |
负债/权益比ACAASH
| Q4 25 | 0.57× | 0.74× | ||
| Q3 25 | 0.61× | 0.73× | ||
| Q2 25 | 0.67× | 0.73× | ||
| Q1 25 | 0.68× | 0.52× | ||
| Q4 24 | 0.69× | 0.51× | ||
| Q3 24 | 0.51× | 0.47× | ||
| Q2 24 | 0.29× | 0.45× | ||
| Q1 24 | 0.25× | 0.42× |
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 | $120.0M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $111.0M |
| 自由现金流率自由现金流/营收 | 7.8% | 28.8% |
| 资本支出强度资本支出/营收 | 9.0% | 3.6% |
| 现金转化率经营现金流/净利润 | 2.30× | — |
| 过去12个月自由现金流最近4个季度 | $175.5M | $200.0M |
8季度趋势，按日历期对齐
经营现金流ACAASH
| Q4 25 | $120.0M | $125.0M | ||
| Q3 25 | $160.6M | $40.0M | ||
| Q2 25 | $61.2M | $115.0M | ||
| Q1 25 | $-700.0K | $9.0M | ||
| Q4 24 | $248.2M | $-30.0M | ||
| Q3 24 | $135.0M | $80.0M | ||
| Q2 24 | $38.3M | $127.0M | ||
| Q1 24 | $80.5M | $54.0M |
自由现金流ACAASH
| Q4 25 | $55.8M | $111.0M | ||
| Q3 25 | $121.0M | $6.0M | ||
| Q2 25 | $33.4M | $95.0M | ||
| Q1 25 | $-34.7M | $-12.0M | ||
| Q4 24 | $194.9M | $-53.0M | ||
| Q3 24 | $100.6M | $42.0M | ||
| Q2 24 | $-9.3M | $98.0M | ||
| Q1 24 | $26.1M | $20.0M |
自由现金流率ACAASH
| Q4 25 | 7.8% | 28.8% | ||
| Q3 25 | 15.2% | 1.3% | ||
| Q2 25 | 4.5% | 20.5% | ||
| Q1 25 | -5.5% | -2.5% | ||
| Q4 24 | 29.3% | -13.1% | ||
| Q3 24 | 15.7% | 8.1% | ||
| Q2 24 | -1.4% | 18.0% | ||
| Q1 24 | 4.4% | 3.5% |
资本支出强度ACAASH
| Q4 25 | 9.0% | 3.6% | ||
| Q3 25 | 5.0% | 7.1% | ||
| Q2 25 | 3.8% | 4.3% | ||
| Q1 25 | 5.4% | 4.4% | ||
| Q4 24 | 8.0% | 5.7% | ||
| Q3 24 | 5.4% | 7.3% | ||
| Q2 24 | 7.2% | 5.3% | ||
| Q1 24 | 9.1% | 5.9% |
现金转化率ACAASH
| Q4 25 | 2.30× | — | ||
| Q3 25 | 2.20× | 1.29× | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | -0.03× | 0.29× | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.13× | 4.71× | ||
| Q2 24 | 0.84× | 21.17× | ||
| Q1 24 | 2.05× | 0.45× |
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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
