vs
Arhaus, Inc.（ARHS）与Ecovyst Inc.（ECVT）财务数据对比。点击上方公司名可切换其他公司
Arhaus, Inc.的季度营收约是Ecovyst Inc.的1.8倍（$364.8M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 5.1%），Ecovyst Inc.自由现金流更多（$22.9M vs $-8.8M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 11.2%）
Arhaus, Inc.是源自美国的高端家居零售企业，总部位于俄亥俄州波士顿高地，1986年正式创立。品牌主打可持续理念与工匠级品质，产品品类丰富，采用全渠道模式面向个人消费者及企业客户，覆盖民用与商用家居场景，提供相关产品与配套服务。
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。
ARHS vs ECVT — 直观对比
营收规模更大
ARHS
是对方的1.8倍
$199.4M
营收增速更快
ECVT
高出28.8%
5.1%
自由现金流更多
ECVT
多$31.8M
$-8.8M
两年增速更快
ECVT
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $199.4M |
| 净利润 | $15.1M | — |
| 毛利率 | 38.1% | 23.4% |
| 营业利润率 | 5.6% | 10.9% |
| 净利率 | 4.1% | — |
| 营收同比 | 5.1% | 34.0% |
| 净利润同比 | -29.1% | — |
| 每股收益（稀释后） | $0.11 | $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ARHSECVT
| Q4 25 | $364.8M | $199.4M | ||
| Q3 25 | $344.6M | $204.9M | ||
| Q2 25 | $358.4M | $176.1M | ||
| Q1 25 | $311.4M | $143.1M | ||
| Q4 24 | $347.0M | $148.9M | ||
| Q3 24 | $319.1M | $153.9M | ||
| Q2 24 | $309.8M | $154.0M | ||
| Q1 24 | $295.2M | $141.6M |
净利润ARHSECVT
| Q4 25 | $15.1M | — | ||
| Q3 25 | $12.2M | $-79.3M | ||
| Q2 25 | $35.1M | $6.0M | ||
| Q1 25 | $4.9M | $-3.6M | ||
| Q4 24 | $21.3M | — | ||
| Q3 24 | $9.9M | $14.3M | ||
| Q2 24 | $22.2M | $8.3M | ||
| Q1 24 | $15.1M | $1.2M |
毛利率ARHSECVT
| Q4 25 | 38.1% | 23.4% | ||
| Q3 25 | 38.7% | 25.4% | ||
| Q2 25 | 41.4% | 22.8% | ||
| Q1 25 | 37.1% | 13.3% | ||
| Q4 24 | 40.0% | 28.9% | ||
| Q3 24 | 38.6% | 29.3% | ||
| Q2 24 | 40.1% | 27.3% | ||
| Q1 24 | 39.0% | 23.5% |
营业利润率ARHSECVT
| Q4 25 | 5.6% | 10.9% | ||
| Q3 25 | 4.8% | 13.8% | ||
| Q2 25 | 13.0% | 9.0% | ||
| Q1 25 | 1.7% | -0.7% | ||
| Q4 24 | 8.2% | 15.1% | ||
| Q3 24 | 3.3% | 17.9% | ||
| Q2 24 | 9.5% | 14.1% | ||
| Q1 24 | 6.2% | 9.5% |
净利率ARHSECVT
| Q4 25 | 4.1% | — | ||
| Q3 25 | 3.5% | -38.7% | ||
| Q2 25 | 9.8% | 3.4% | ||
| Q1 25 | 1.6% | -2.5% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 3.1% | 9.3% | ||
| Q2 24 | 7.2% | 5.4% | ||
| Q1 24 | 5.1% | 0.9% |
每股收益（稀释后）ARHSECVT
| Q4 25 | $0.11 | $0.06 | ||
| Q3 25 | $0.09 | $-0.69 | ||
| Q2 25 | $0.25 | $0.05 | ||
| Q1 25 | $0.03 | $-0.03 | ||
| Q4 24 | $0.15 | $-0.26 | ||
| Q3 24 | $0.07 | $0.12 | ||
| Q2 24 | $0.16 | $0.07 | ||
| Q1 24 | $0.11 | $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 | $253.4M | $197.2M |
| 总债务越低越好 | — | $392.6M |
| 股东权益账面价值 | $418.2M | $603.4M |
| 总资产 | $1.4B | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资ARHSECVT
| Q4 25 | $253.4M | $197.2M | ||
| Q3 25 | $262.2M | $82.0M | ||
| Q2 25 | $234.8M | $69.6M | ||
| Q1 25 | $214.4M | $127.5M | ||
| Q4 24 | $197.5M | $131.4M | ||
| Q3 24 | $177.7M | $123.5M | ||
| Q2 24 | $174.2M | $83.3M | ||
| Q1 24 | $233.2M | $103.1M |
总债务ARHSECVT
| Q4 25 | — | $392.6M | ||
| Q3 25 | — | $854.8M | ||
| Q2 25 | — | $856.6M | ||
| Q1 25 | — | $859.0M | ||
| Q4 24 | — | $860.8M | ||
| Q3 24 | — | $862.7M | ||
| Q2 24 | — | $862.4M | ||
| Q1 24 | — | $866.2M |
股东权益ARHSECVT
| Q4 25 | $418.2M | $603.4M | ||
| Q3 25 | $400.4M | $607.9M | ||
| Q2 25 | $385.6M | $692.4M | ||
| Q1 25 | $348.8M | $698.7M | ||
| Q4 24 | $343.7M | $700.5M | ||
| Q3 24 | $320.6M | $729.4M | ||
| Q2 24 | $309.3M | $717.3M | ||
| Q1 24 | $285.6M | $711.4M |
总资产ARHSECVT
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.8B | ||
| Q1 24 | $1.2B | $1.8B |
负债/权益比ARHSECVT
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 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 | $9.3M | $41.8M |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | $22.9M |
| 自由现金流率自由现金流/营收 | -2.4% | 11.5% |
| 资本支出强度资本支出/营收 | 5.0% | 9.4% |
| 现金转化率经营现金流/净利润 | 0.62× | — |
| 过去12个月自由现金流最近4个季度 | $59.0M | $69.9M |
8季度趋势，按日历期对齐
经营现金流ARHSECVT
| Q4 25 | $9.3M | $41.8M | ||
| Q3 25 | $46.1M | $55.3M | ||
| Q2 25 | $34.9M | $33.0M | ||
| Q1 25 | $46.5M | $10.3M | ||
| Q4 24 | $31.7M | $43.5M | ||
| Q3 24 | $31.1M | $59.9M | ||
| Q2 24 | $47.5M | $10.0M | ||
| Q1 24 | $36.8M | $36.5M |
自由现金流ARHSECVT
| Q4 25 | $-8.8M | $22.9M | ||
| Q3 25 | $28.0M | $53.2M | ||
| Q2 25 | $20.9M | $7.8M | ||
| Q1 25 | $18.9M | $-14.0M | ||
| Q4 24 | $13.0M | $30.9M | ||
| Q3 24 | $4.6M | $53.6M | ||
| Q2 24 | $11.3M | $-9.3M | ||
| Q1 24 | $10.9M | $19.1M |
自由现金流率ARHSECVT
| Q4 25 | -2.4% | 11.5% | ||
| Q3 25 | 8.1% | 26.0% | ||
| Q2 25 | 5.8% | 4.4% | ||
| Q1 25 | 6.1% | -9.8% | ||
| Q4 24 | 3.7% | 20.7% | ||
| Q3 24 | 1.4% | 34.9% | ||
| Q2 24 | 3.6% | -6.1% | ||
| Q1 24 | 3.7% | 13.5% |
资本支出强度ARHSECVT
| Q4 25 | 5.0% | 9.4% | ||
| Q3 25 | 5.3% | 1.0% | ||
| Q2 25 | 3.9% | 14.4% | ||
| Q1 25 | 8.9% | 16.9% | ||
| Q4 24 | 5.4% | 8.5% | ||
| Q3 24 | 8.3% | 4.1% | ||
| Q2 24 | 11.7% | 12.5% | ||
| Q1 24 | 8.8% | 12.3% |
现金转化率ARHSECVT
| Q4 25 | 0.62× | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | 5.52× | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | 4.21× | ||
| Q2 24 | 2.14× | 1.20× | ||
| Q1 24 | 2.44× | 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
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
