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Advantage Solutions Inc.（ADV）与Calumet, Inc.（CLMT）财务数据对比。点击上方公司名可切换其他公司
Calumet, Inc.的季度营收约是Advantage Solutions Inc.的1.1倍（$1.0B vs $932.1M），Calumet, Inc.净利率更高（-3.6% vs -17.4%，领先13.8%），Calumet, Inc.自由现金流更多（$103.8M vs $23.4M）
该公司是一家全球数据与分析企业，为众多行业提供数据技术服务、分析工具、预测洞察与欺诈防范方案，总部位于佐治亚州阿尔法利塔，在美国全境以及澳大利亚、巴西、中国、法国、中国香港、印度、爱尔兰、以色列、菲律宾、英国均设有办公地点。
Calumet是总部位于美国的特种产品企业，专注于生产和分销高价值碳氢化合物与特种化学品，产品覆盖特种油、润滑剂、蜡制品及可再生燃料解决方案，服务北美及全球的工业、消费、交通等下游领域。
ADV vs CLMT — 直观对比
营收规模更大
CLMT
是对方的1.1倍
$932.1M
净利率更高
CLMT
高出13.8%
-17.4%
自由现金流更多
CLMT
多$80.4M
$23.4M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $932.1M | $1.0B |
| 净利润 | $-161.7M | $-37.3M |
| 毛利率 | — | -0.3% |
| 营业利润率 | -17.4% | -6.2% |
| 净利率 | -17.4% | -3.6% |
| 营收同比 | 4.5% | — |
| 净利润同比 | 9.2% | — |
| 每股收益（稀释后） | — | $-0.43 |
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ADVCLMT
| Q4 25 | $932.1M | $1.0B | ||
| Q3 25 | $915.0M | $1.1B | ||
| Q2 25 | $873.7M | $1.0B | ||
| Q1 25 | $821.8M | $993.9M | ||
| Q4 24 | $892.3M | — | ||
| Q3 24 | $939.3M | $1.1B | ||
| Q2 24 | $873.4M | $1.1B | ||
| Q1 24 | $861.4M | — |
净利润ADVCLMT
| Q4 25 | $-161.7M | $-37.3M | ||
| Q3 25 | $20.6M | $313.4M | ||
| Q2 25 | $-30.4M | $-147.9M | ||
| Q1 25 | $-56.1M | $-162.0M | ||
| Q4 24 | $-178.0M | — | ||
| Q3 24 | $-42.8M | $-100.6M | ||
| Q2 24 | $-100.8M | $-39.1M | ||
| Q1 24 | $-5.3M | — |
毛利率ADVCLMT
| Q4 25 | — | -0.3% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | -4.2% | ||
| Q1 25 | — | -8.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | — |
营业利润率ADVCLMT
| Q4 25 | -17.4% | -6.2% | ||
| Q3 25 | 4.4% | 30.0% | ||
| Q2 25 | 1.1% | -9.8% | ||
| Q1 25 | -1.8% | -4.9% | ||
| Q4 24 | -19.1% | — | ||
| Q3 24 | -0.3% | -5.2% | ||
| Q2 24 | -10.4% | 0.5% | ||
| Q1 24 | -3.5% | — |
净利率ADVCLMT
| Q4 25 | -17.4% | -3.6% | ||
| Q3 25 | 2.2% | 29.1% | ||
| Q2 25 | -3.5% | -14.4% | ||
| Q1 25 | -6.8% | -16.3% | ||
| Q4 24 | -20.0% | — | ||
| Q3 24 | -4.6% | -9.1% | ||
| Q2 24 | -11.5% | -3.4% | ||
| Q1 24 | -0.6% | — |
每股收益（稀释后）ADVCLMT
| Q4 25 | — | $-0.43 | ||
| Q3 25 | — | $3.61 | ||
| Q2 25 | — | $-1.70 | ||
| Q1 25 | — | $-1.87 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.13 | $-1.18 | ||
| Q2 24 | $-0.31 | $-0.48 | ||
| Q1 24 | $-0.02 | — |
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 | $240.8M | $125.1M |
| 总债务越低越好 | $1.7B | $2.1B |
| 股东权益账面价值 | $554.0M | $-732.7M |
| 总资产 | $2.8B | $2.7B |
| 负债/权益比越低杠杆越低 | 3.05× | — |
8季度趋势，按日历期对齐
现金及短期投资ADVCLMT
| Q4 25 | $240.8M | $125.1M | ||
| Q3 25 | $201.1M | $94.6M | ||
| Q2 25 | $102.9M | $110.6M | ||
| Q1 25 | $121.1M | $123.4M | ||
| Q4 24 | $205.2M | — | ||
| Q3 24 | $196.1M | $34.6M | ||
| Q2 24 | $154.0M | $7.0M | ||
| Q1 24 | $112.3M | — |
总债务ADVCLMT
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADVCLMT
| Q4 25 | $554.0M | $-732.7M | ||
| Q3 25 | $708.5M | $-695.3M | ||
| Q2 25 | $683.6M | $-1.0B | ||
| Q1 25 | $695.6M | $-862.3M | ||
| Q4 24 | $748.7M | — | ||
| Q3 24 | $932.5M | $-672.2M | ||
| Q2 24 | $973.7M | $-566.4M | ||
| Q1 24 | $1.1B | — |
总资产ADVCLMT
| Q4 25 | $2.8B | $2.7B | ||
| Q3 25 | $3.0B | $2.7B | ||
| Q2 25 | $3.0B | $2.8B | ||
| Q1 25 | $3.0B | $2.8B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.4B | $2.6B | ||
| Q2 24 | $3.5B | $100 | ||
| Q1 24 | $3.6B | — |
负债/权益比ADVCLMT
| Q4 25 | 3.05× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $45.6M | $116.5M |
| 自由现金流经营现金流 - 资本支出 | $23.4M | $103.8M |
| 自由现金流率自由现金流/营收 | 2.5% | 10.0% |
| 资本支出强度资本支出/营收 | 2.4% | 1.2% |
| 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 | $10.7M | $56.6M |
8季度趋势，按日历期对齐
经营现金流ADVCLMT
| Q4 25 | $45.6M | $116.5M | ||
| Q3 25 | $63.6M | $23.5M | ||
| Q2 25 | $-8.1M | $-1.8M | ||
| Q1 25 | $-39.6M | $-29.3M | ||
| Q4 24 | $15.1M | — | ||
| Q3 24 | $34.0M | $-15.5M | ||
| Q2 24 | $53.4M | — | ||
| Q1 24 | $-9.4M | — |
自由现金流ADVCLMT
| Q4 25 | $23.4M | $103.8M | ||
| Q3 25 | $52.2M | $15.1M | ||
| Q2 25 | $-10.2M | $-15.4M | ||
| Q1 25 | $-54.7M | $-46.9M | ||
| Q4 24 | $-27.4M | — | ||
| Q3 24 | $8.6M | $-32.2M | ||
| Q2 24 | $43.8M | — | ||
| Q1 24 | $-24.8M | — |
自由现金流率ADVCLMT
| Q4 25 | 2.5% | 10.0% | ||
| Q3 25 | 5.7% | 1.4% | ||
| Q2 25 | -1.2% | -1.5% | ||
| Q1 25 | -6.7% | -4.7% | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.9% | -2.9% | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | -2.9% | — |
资本支出强度ADVCLMT
| Q4 25 | 2.4% | 1.2% | ||
| Q3 25 | 1.3% | 0.8% | ||
| Q2 25 | 0.2% | 1.3% | ||
| Q1 25 | 1.8% | 1.8% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.7% | 1.5% | ||
| Q2 24 | 1.1% | 2.2% | ||
| Q1 24 | 1.8% | — |
现金转化率ADVCLMT
| Q4 25 | — | — | ||
| Q3 25 | 3.09× | 0.07× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ADV
| Experiential Services | $395.9M | 42% |
| Branded Services | $289.8M | 31% |
| Retailer Services | $246.5M | 26% |
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
