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APOGEE ENTERPRISES, INC.（APOG）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APOGEE ENTERPRISES, INC.的1.1倍（$386.0M vs $351.4M），APOGEE ENTERPRISES, INC.净利率更高（4.7% vs -3.1%，领先7.8%），APOGEE ENTERPRISES, INC.同比增速更快（1.6% vs -4.7%），过去两年APOGEE ENTERPRISES, INC.的营收复合增速更高（2.9% vs -18.1%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
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。
APOG vs ASH — 直观对比
营收规模更大
ASH
是对方的1.1倍
$351.4M
营收增速更快
APOG
高出6.3%
-4.7%
净利率更高
APOG
高出7.8%
-3.1%
两年增速更快
APOG
近两年复合增速
-18.1%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $386.0M |
| 净利润 | $16.6M | $-12.0M |
| 毛利率 | 22.4% | 27.2% |
| 营业利润率 | 7.3% | -1.6% |
| 净利率 | 4.7% | -3.1% |
| 营收同比 | 1.6% | -4.7% |
| 净利润同比 | 568.8% | 92.7% |
| 每股收益（稀释后） | $0.78 | $-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APOGASH
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $386.0M | ||
| Q3 25 | $358.2M | $477.0M | ||
| Q2 25 | $346.6M | $463.0M | ||
| Q1 25 | $345.7M | $479.0M | ||
| Q4 24 | $341.3M | $405.0M | ||
| Q3 24 | $342.4M | $521.0M | ||
| Q2 24 | $331.5M | $544.0M |
净利润APOGASH
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-12.0M | ||
| Q3 25 | $23.6M | $31.0M | ||
| Q2 25 | $-2.7M | $-742.0M | ||
| Q1 25 | $2.5M | $31.0M | ||
| Q4 24 | $21.0M | $-165.0M | ||
| Q3 24 | $30.6M | $17.0M | ||
| Q2 24 | $31.0M | $6.0M |
毛利率APOGASH
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 27.2% | ||
| Q3 25 | 23.1% | 33.3% | ||
| Q2 25 | 21.7% | 28.5% | ||
| Q1 25 | 21.6% | 30.7% | ||
| Q4 24 | 26.1% | 27.4% | ||
| Q3 24 | 28.4% | 33.2% | ||
| Q2 24 | 29.8% | 34.2% |
营业利润率APOGASH
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -1.6% | ||
| Q3 25 | 7.5% | 12.8% | ||
| Q2 25 | 2.0% | -152.9% | ||
| Q1 25 | 1.8% | 10.6% | ||
| Q4 24 | 8.4% | -44.2% | ||
| Q3 24 | 12.3% | 6.1% | ||
| Q2 24 | 12.5% | -11.2% |
净利率APOGASH
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -3.1% | ||
| Q3 25 | 6.6% | 6.5% | ||
| Q2 25 | -0.8% | -160.3% | ||
| Q1 25 | 0.7% | 6.5% | ||
| Q4 24 | 6.1% | -40.7% | ||
| Q3 24 | 8.9% | 3.3% | ||
| Q2 24 | 9.4% | 1.1% |
每股收益（稀释后）APOGASH
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-0.26 | ||
| Q3 25 | $1.10 | $0.83 | ||
| Q2 25 | $-0.13 | $-16.21 | ||
| Q1 25 | $0.12 | $0.65 | ||
| Q4 24 | $0.96 | $-3.50 | ||
| Q3 24 | $1.40 | $0.34 | ||
| Q2 24 | $1.41 | $0.12 |
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 | $39.5M | $304.0M |
| 总债务越低越好 | $232.3M | $1.4B |
| 股东权益账面价值 | $511.8M | $1.9B |
| 总资产 | $1.1B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资APOGASH
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $304.0M | ||
| Q3 25 | $39.5M | $215.0M | ||
| Q2 25 | $32.8M | $207.0M | ||
| Q1 25 | $41.4M | $168.0M | ||
| Q4 24 | $43.9M | $219.0M | ||
| Q3 24 | $51.0M | $300.0M | ||
| Q2 24 | $30.4M | $399.0M |
总债务APOGASH
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | $285.0M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
股东权益APOGASH
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.9B | ||
| Q3 25 | $500.2M | $1.9B | ||
| Q2 25 | $481.8M | $1.9B | ||
| Q1 25 | $487.9M | $2.6B | ||
| Q4 24 | $522.1M | $2.6B | ||
| Q3 24 | $506.4M | $2.9B | ||
| Q2 24 | $480.0M | $3.0B |
总资产APOGASH
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $4.5B | ||
| Q3 25 | $1.2B | $4.6B | ||
| Q2 25 | $1.2B | $4.6B | ||
| Q1 25 | $1.2B | $5.2B | ||
| Q4 24 | $1.2B | $5.2B | ||
| Q3 24 | $917.1M | $5.6B | ||
| Q2 24 | $889.0M | $5.7B |
负债/权益比APOGASH
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | 0.58× | 0.52× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.45× |
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 | $122.5M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | — | $111.0M |
| 自由现金流率自由现金流/营收 | — | 28.8% |
| 资本支出强度资本支出/营收 | 7.8% | 3.6% |
| 现金转化率经营现金流/净利润 | 7.37× | — |
| 过去12个月自由现金流最近4个季度 | — | $200.0M |
8季度趋势，按日历期对齐
经营现金流APOGASH
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $125.0M | ||
| Q3 25 | $57.1M | $40.0M | ||
| Q2 25 | $-19.8M | $115.0M | ||
| Q1 25 | $30.0M | $9.0M | ||
| Q4 24 | $31.0M | $-30.0M | ||
| Q3 24 | $58.7M | $80.0M | ||
| Q2 24 | $5.5M | $127.0M |
自由现金流APOGASH
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $111.0M | ||
| Q3 25 | $52.4M | $6.0M | ||
| Q2 25 | $-26.9M | $95.0M | ||
| Q1 25 | $19.1M | $-12.0M | ||
| Q4 24 | $22.0M | $-53.0M | ||
| Q3 24 | $50.2M | $42.0M | ||
| Q2 24 | $-1.8M | $98.0M |
自由现金流率APOGASH
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 28.8% | ||
| Q3 25 | 14.6% | 1.3% | ||
| Q2 25 | -7.8% | 20.5% | ||
| Q1 25 | 5.5% | -2.5% | ||
| Q4 24 | 6.4% | -13.1% | ||
| Q3 24 | 14.7% | 8.1% | ||
| Q2 24 | -0.5% | 18.0% |
资本支出强度APOGASH
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 3.6% | ||
| Q3 25 | 1.3% | 7.1% | ||
| Q2 25 | 2.1% | 4.3% | ||
| Q1 25 | 3.2% | 4.4% | ||
| Q4 24 | 2.6% | 5.7% | ||
| Q3 24 | 2.5% | 7.3% | ||
| Q2 24 | 2.2% | 5.3% |
现金转化率APOGASH
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 1.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | 0.29× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 4.71× | ||
| Q2 24 | 0.18× | 21.17× |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
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% |
