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Alarm.com Holdings, Inc.（ALRM）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
亚什兰的季度营收约是Alarm.com Holdings, Inc.的1.5倍（$386.0M vs $261.7M），Alarm.com Holdings, Inc.净利率更高（13.2% vs -3.1%，领先16.3%），Alarm.com Holdings, Inc.同比增速更快（8.0% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $35.1M），过去两年Alarm.com Holdings, Inc.的营收复合增速更高（8.3% vs -18.1%）
Alarm.com Holdings, Inc.是一家美国科技企业，成立于2000年，由微策略公司分拆而来，总部位于弗吉尼亚州泰森斯。公司主营云服务，为用户提供远程控制、智能家居及报警监测相关解决方案，是家庭智能安防领域的重要服务商。
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。
ALRM vs ASH — 直观对比
营收规模更大
ASH
是对方的1.5倍
$261.7M
营收增速更快
ALRM
高出12.7%
-4.7%
净利率更高
ALRM
高出16.3%
-3.1%
自由现金流更多
ASH
多$75.9M
$35.1M
两年增速更快
ALRM
近两年复合增速
-18.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $386.0M |
| 净利润 | $34.6M | $-12.0M |
| 毛利率 | 66.0% | 27.2% |
| 营业利润率 | 13.4% | -1.6% |
| 净利率 | 13.2% | -3.1% |
| 营收同比 | 8.0% | -4.7% |
| 净利润同比 | 14.8% | 92.7% |
| 每股收益（稀释后） | $0.66 | $-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ALRMASH
| Q4 25 | $261.7M | $386.0M | ||
| Q3 25 | $256.4M | $477.0M | ||
| Q2 25 | $254.3M | $463.0M | ||
| Q1 25 | $238.8M | $479.0M | ||
| Q4 24 | $242.2M | $405.0M | ||
| Q3 24 | $240.5M | $521.0M | ||
| Q2 24 | $233.8M | $544.0M | ||
| Q1 24 | $223.3M | $575.0M |
净利润ALRMASH
| Q4 25 | $34.6M | $-12.0M | ||
| Q3 25 | $35.1M | $31.0M | ||
| Q2 25 | $34.2M | $-742.0M | ||
| Q1 25 | $27.7M | $31.0M | ||
| Q4 24 | $30.1M | $-165.0M | ||
| Q3 24 | $36.7M | $17.0M | ||
| Q2 24 | $33.5M | $6.0M | ||
| Q1 24 | $23.6M | $120.0M |
毛利率ALRMASH
| Q4 25 | 66.0% | 27.2% | ||
| Q3 25 | 65.8% | 33.3% | ||
| Q2 25 | 65.6% | 28.5% | ||
| Q1 25 | 67.2% | 30.7% | ||
| Q4 24 | 65.5% | 27.4% | ||
| Q3 24 | 64.8% | 33.2% | ||
| Q2 24 | 65.2% | 34.2% | ||
| Q1 24 | 65.7% | 28.0% |
营业利润率ALRMASH
| Q4 25 | 13.4% | -1.6% | ||
| Q3 25 | 14.4% | 12.8% | ||
| Q2 25 | 12.6% | -152.9% | ||
| Q1 25 | 12.4% | 10.6% | ||
| Q4 24 | 12.7% | -44.2% | ||
| Q3 24 | 13.8% | 6.1% | ||
| Q2 24 | 11.0% | -11.2% | ||
| Q1 24 | 8.4% | 3.7% |
净利率ALRMASH
| Q4 25 | 13.2% | -3.1% | ||
| Q3 25 | 13.7% | 6.5% | ||
| Q2 25 | 13.5% | -160.3% | ||
| Q1 25 | 11.6% | 6.5% | ||
| Q4 24 | 12.4% | -40.7% | ||
| Q3 24 | 15.3% | 3.3% | ||
| Q2 24 | 14.3% | 1.1% | ||
| Q1 24 | 10.6% | 20.9% |
每股收益（稀释后）ALRMASH
| Q4 25 | $0.66 | $-0.26 | ||
| Q3 25 | $0.65 | $0.83 | ||
| Q2 25 | $0.63 | $-16.21 | ||
| Q1 25 | $0.52 | $0.65 | ||
| Q4 24 | $0.56 | $-3.50 | ||
| Q3 24 | $0.67 | $0.34 | ||
| Q2 24 | $0.62 | $0.12 | ||
| Q1 24 | $0.44 | $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 | $960.6M | $304.0M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $848.2M | $1.9B |
| 总资产 | $2.1B | $4.5B |
| 负债/权益比越低杠杆越低 | — | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资ALRMASH
| Q4 25 | $960.6M | $304.0M | ||
| Q3 25 | $1.1B | $215.0M | ||
| Q2 25 | $1.0B | $207.0M | ||
| Q1 25 | $1.2B | $168.0M | ||
| Q4 24 | $1.2B | $219.0M | ||
| Q3 24 | $1.2B | $300.0M | ||
| Q2 24 | $1.1B | $399.0M | ||
| Q1 24 | $747.9M | $439.0M |
总债务ALRMASH
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
股东权益ALRMASH
| Q4 25 | $848.2M | $1.9B | ||
| Q3 25 | $827.2M | $1.9B | ||
| Q2 25 | $797.3M | $1.9B | ||
| Q1 25 | $759.6M | $2.6B | ||
| Q4 24 | $726.5M | $2.6B | ||
| Q3 24 | $690.3M | $2.9B | ||
| Q2 24 | $645.5M | $3.0B | ||
| Q1 24 | $728.1M | $3.1B |
总资产ALRMASH
| Q4 25 | $2.1B | $4.5B | ||
| Q3 25 | $2.1B | $4.6B | ||
| Q2 25 | $2.1B | $4.6B | ||
| Q1 25 | $2.1B | $5.2B | ||
| Q4 24 | $2.0B | $5.2B | ||
| Q3 24 | $2.0B | $5.6B | ||
| Q2 24 | $1.9B | $5.7B | ||
| Q1 24 | $1.5B | $5.9B |
负债/权益比ALRMASH
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | 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 | $35.9M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $35.1M | $111.0M |
| 自由现金流率自由现金流/营收 | 13.4% | 28.8% |
| 资本支出强度资本支出/营收 | 0.3% | 3.6% |
| 现金转化率经营现金流/净利润 | 1.04× | — |
| 过去12个月自由现金流最近4个季度 | $137.0M | $200.0M |
8季度趋势，按日历期对齐
经营现金流ALRMASH
| Q4 25 | $35.9M | $125.0M | ||
| Q3 25 | $70.6M | $40.0M | ||
| Q2 25 | $22.7M | $115.0M | ||
| Q1 25 | $24.1M | $9.0M | ||
| Q4 24 | $56.3M | $-30.0M | ||
| Q3 24 | $77.3M | $80.0M | ||
| Q2 24 | $23.0M | $127.0M | ||
| Q1 24 | $49.9M | $54.0M |
自由现金流ALRMASH
| Q4 25 | $35.1M | $111.0M | ||
| Q3 25 | $65.9M | $6.0M | ||
| Q2 25 | $18.2M | $95.0M | ||
| Q1 25 | $17.9M | $-12.0M | ||
| Q4 24 | $54.0M | $-53.0M | ||
| Q3 24 | $74.5M | $42.0M | ||
| Q2 24 | $21.0M | $98.0M | ||
| Q1 24 | $46.8M | $20.0M |
自由现金流率ALRMASH
| Q4 25 | 13.4% | 28.8% | ||
| Q3 25 | 25.7% | 1.3% | ||
| Q2 25 | 7.1% | 20.5% | ||
| Q1 25 | 7.5% | -2.5% | ||
| Q4 24 | 22.3% | -13.1% | ||
| Q3 24 | 31.0% | 8.1% | ||
| Q2 24 | 9.0% | 18.0% | ||
| Q1 24 | 21.0% | 3.5% |
资本支出强度ALRMASH
| Q4 25 | 0.3% | 3.6% | ||
| Q3 25 | 1.9% | 7.1% | ||
| Q2 25 | 1.8% | 4.3% | ||
| Q1 25 | 2.6% | 4.4% | ||
| Q4 24 | 0.9% | 5.7% | ||
| Q3 24 | 1.2% | 7.3% | ||
| Q2 24 | 0.9% | 5.3% | ||
| Q1 24 | 1.4% | 5.9% |
现金转化率ALRMASH
| Q4 25 | 1.04× | — | ||
| Q3 25 | 2.01× | 1.29× | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.87× | 0.29× | ||
| Q4 24 | 1.87× | — | ||
| Q3 24 | 2.11× | 4.71× | ||
| Q2 24 | 0.69× | 21.17× | ||
| Q1 24 | 2.11× | 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
ALRM
| License And Service | $180.2M | 69% |
| Hardwareand Other Revenue | $81.4M | 31% |
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% |
