vs
Andersons, Inc.（ANDE）与Ecovyst Inc.（ECVT）财务数据对比。点击上方公司名可切换其他公司
Andersons, Inc.的季度营收约是Ecovyst Inc.的1.7倍（$329.5M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs -2.4%），Ecovyst Inc.自由现金流更多（$22.9M vs $-77.1M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs -1.8%）
安德森公司（The Andersons, Inc.）是1947年成立的美国农业企业，总部位于俄亥俄州莫米。公司起源于1940年代服务粮食行业的安德森货运站，是深耕农业领域的多元化企业，业务覆盖大宗商品贸易、可再生能源以及植物营养板块。
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。
ANDE vs ECVT — 直观对比
营收规模更大
ANDE
是对方的1.7倍
$199.4M
营收增速更快
ECVT
高出36.3%
-2.4%
自由现金流更多
ECVT
多$100.0M
$-77.1M
两年增速更快
ECVT
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $199.4M |
| 净利润 | $67.4M | — |
| 毛利率 | 70.3% | 23.4% |
| 营业利润率 | 26.6% | 10.9% |
| 净利率 | 20.5% | — |
| 营收同比 | -2.4% | 34.0% |
| 净利润同比 | 49.6% | — |
| 每股收益（稀释后） | — | $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ANDEECVT
| Q4 25 | $329.5M | $199.4M | ||
| Q3 25 | $295.8M | $204.9M | ||
| Q2 25 | $535.0M | $176.1M | ||
| Q1 25 | $370.8M | $143.1M | ||
| Q4 24 | $337.5M | $148.9M | ||
| Q3 24 | $231.9M | $153.9M | ||
| Q2 24 | $492.5M | $154.0M | ||
| Q1 24 | $341.4M | $141.6M |
净利润ANDEECVT
| Q4 25 | $67.4M | — | ||
| Q3 25 | $20.1M | $-79.3M | ||
| Q2 25 | $7.9M | $6.0M | ||
| Q1 25 | $284.0K | $-3.6M | ||
| Q4 24 | $45.1M | — | ||
| Q3 24 | $27.4M | $14.3M | ||
| Q2 24 | $36.0M | $8.3M | ||
| Q1 24 | $5.6M | $1.2M |
毛利率ANDEECVT
| Q4 25 | 70.3% | 23.4% | ||
| Q3 25 | 57.8% | 25.4% | ||
| Q2 25 | 29.6% | 22.8% | ||
| Q1 25 | 41.2% | 13.3% | ||
| Q4 24 | 63.1% | 28.9% | ||
| Q3 24 | 76.4% | 29.3% | ||
| Q2 24 | 35.6% | 27.3% | ||
| Q1 24 | 37.6% | 23.5% |
营业利润率ANDEECVT
| Q4 25 | 26.6% | 10.9% | ||
| Q3 25 | 8.7% | 13.8% | ||
| Q2 25 | 4.6% | 9.0% | ||
| Q1 25 | 0.9% | -0.7% | ||
| Q4 24 | 19.9% | 15.1% | ||
| Q3 24 | 26.8% | 17.9% | ||
| Q2 24 | 11.6% | 14.1% | ||
| Q1 24 | 4.1% | 9.5% |
净利率ANDEECVT
| Q4 25 | 20.5% | — | ||
| Q3 25 | 6.8% | -38.7% | ||
| Q2 25 | 1.5% | 3.4% | ||
| Q1 25 | 0.1% | -2.5% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 11.8% | 9.3% | ||
| Q2 24 | 7.3% | 5.4% | ||
| Q1 24 | 1.6% | 0.9% |
每股收益（稀释后）ANDEECVT
| Q4 25 | — | $0.06 | ||
| Q3 25 | $0.59 | $-0.69 | ||
| Q2 25 | $0.23 | $0.05 | ||
| Q1 25 | $0.01 | $-0.03 | ||
| Q4 24 | $1.31 | $-0.26 | ||
| Q3 24 | $0.80 | $0.12 | ||
| Q2 24 | $1.05 | $0.07 | ||
| Q1 24 | $0.16 | $0.01 |
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 | $98.3M | $197.2M |
| 总债务越低越好 | $560.0M | $392.6M |
| 股东权益账面价值 | $1.2B | $603.4M |
| 总资产 | $3.7B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资ANDEECVT
| Q4 25 | $98.3M | $197.2M | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | — | $69.6M | ||
| Q1 25 | — | $127.5M | ||
| Q4 24 | $561.8M | $131.4M | ||
| Q3 24 | — | $123.5M | ||
| Q2 24 | — | $83.3M | ||
| Q1 24 | — | $103.1M |
总债务ANDEECVT
| Q4 25 | $560.0M | $392.6M | ||
| Q3 25 | — | $854.8M | ||
| Q2 25 | — | $856.6M | ||
| Q1 25 | — | $859.0M | ||
| Q4 24 | $608.2M | $860.8M | ||
| Q3 24 | — | $862.7M | ||
| Q2 24 | — | $862.4M | ||
| Q1 24 | — | $866.2M |
股东权益ANDEECVT
| Q4 25 | $1.2B | $603.4M | ||
| Q3 25 | $1.2B | $607.9M | ||
| Q2 25 | $1.4B | $692.4M | ||
| Q1 25 | $1.4B | $698.7M | ||
| Q4 24 | $1.4B | $700.5M | ||
| Q3 24 | $1.3B | $729.4M | ||
| Q2 24 | $1.3B | $717.3M | ||
| Q1 24 | $1.3B | $711.4M |
总资产ANDEECVT
| Q4 25 | $3.7B | $1.3B | ||
| Q3 25 | $3.3B | $1.7B | ||
| Q2 25 | $3.4B | $1.8B | ||
| Q1 25 | $3.8B | $1.8B | ||
| Q4 24 | $4.1B | $1.8B | ||
| Q3 24 | $3.4B | $1.8B | ||
| Q2 24 | $3.3B | $1.8B | ||
| Q1 24 | $3.3B | $1.8B |
负债/权益比ANDEECVT
| Q4 25 | 0.45× | 0.65× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | 0.45× | 1.23× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 1.22× |
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 | $-6.2M | $41.8M |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | $22.9M |
| 自由现金流率自由现金流/营收 | -23.4% | 11.5% |
| 资本支出强度资本支出/营收 | 21.5% | 9.4% |
| 现金转化率经营现金流/净利润 | -0.09× | — |
| 过去12个月自由现金流最近4个季度 | $-56.1M | $69.9M |
8季度趋势，按日历期对齐
经营现金流ANDEECVT
| Q4 25 | $-6.2M | $41.8M | ||
| Q3 25 | $233.9M | $55.3M | ||
| Q2 25 | $299.3M | $33.0M | ||
| Q1 25 | $-350.0M | $10.3M | ||
| Q4 24 | $268.8M | $43.5M | ||
| Q3 24 | $-2.1M | $59.9M | ||
| Q2 24 | $304.4M | $10.0M | ||
| Q1 24 | $-239.6M | $36.5M |
自由现金流ANDEECVT
| Q4 25 | $-77.1M | $22.9M | ||
| Q3 25 | $167.0M | $53.2M | ||
| Q2 25 | $250.5M | $7.8M | ||
| Q1 25 | $-396.6M | $-14.0M | ||
| Q4 24 | $212.9M | $30.9M | ||
| Q3 24 | $-40.0M | $53.6M | ||
| Q2 24 | $275.8M | $-9.3M | ||
| Q1 24 | $-266.4M | $19.1M |
自由现金流率ANDEECVT
| Q4 25 | -23.4% | 11.5% | ||
| Q3 25 | 56.5% | 26.0% | ||
| Q2 25 | 46.8% | 4.4% | ||
| Q1 25 | -106.9% | -9.8% | ||
| Q4 24 | 63.1% | 20.7% | ||
| Q3 24 | -17.2% | 34.9% | ||
| Q2 24 | 56.0% | -6.1% | ||
| Q1 24 | -78.0% | 13.5% |
资本支出强度ANDEECVT
| Q4 25 | 21.5% | 9.4% | ||
| Q3 25 | 22.6% | 1.0% | ||
| Q2 25 | 9.1% | 14.4% | ||
| Q1 25 | 12.6% | 16.9% | ||
| Q4 24 | 16.6% | 8.5% | ||
| Q3 24 | 16.3% | 4.1% | ||
| Q2 24 | 5.8% | 12.5% | ||
| Q1 24 | 7.8% | 12.3% |
现金转化率ANDEECVT
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | — | ||
| Q2 25 | 38.10× | 5.52× | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | 4.21× | ||
| Q2 24 | 8.46× | 1.20× | ||
| Q1 24 | -42.94× | 29.90× |
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
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
