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Archrock, Inc.（AROC）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Archrock, Inc.的1.0倍（$386.0M vs $377.1M），Archrock, Inc.净利率更高（31.0% vs -3.1%，领先34.1%），Archrock, Inc.同比增速更快（15.5% vs -4.7%），Archrock, Inc.自由现金流更多（$126.7M vs $111.0M），过去两年Archrock, Inc.的营收复合增速更高（18.5% vs -18.1%）
Archrock, Inc. 是领先的天然气压缩服务及相关设备解决方案供应商，主要服务北美油气领域，核心业务涵盖压缩系统租赁、维护、售后支持及销售，覆盖上游生产、中游运输与天然气加工板块。
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。
AROC vs ASH — 直观对比
营收规模更大
ASH
是对方的1.0倍
$377.1M
营收增速更快
AROC
高出20.2%
-4.7%
净利率更高
AROC
高出34.1%
-3.1%
自由现金流更多
AROC
多$15.7M
$111.0M
两年增速更快
AROC
近两年复合增速
-18.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $377.1M | $386.0M |
| 净利润 | $116.8M | $-12.0M |
| 毛利率 | 53.0% | 27.2% |
| 营业利润率 | 39.4% | -1.6% |
| 净利率 | 31.0% | -3.1% |
| 营收同比 | 15.5% | -4.7% |
| 净利润同比 | 95.4% | 92.7% |
| 每股收益（稀释后） | $0.67 | $-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AROCASH
| Q4 25 | $377.1M | $386.0M | ||
| Q3 25 | $382.4M | $477.0M | ||
| Q2 25 | $383.2M | $463.0M | ||
| Q1 25 | $347.2M | $479.0M | ||
| Q4 24 | $326.4M | $405.0M | ||
| Q3 24 | $292.2M | $521.0M | ||
| Q2 24 | $270.5M | $544.0M | ||
| Q1 24 | $268.5M | $575.0M |
净利润AROCASH
| Q4 25 | $116.8M | $-12.0M | ||
| Q3 25 | $71.2M | $31.0M | ||
| Q2 25 | $63.4M | $-742.0M | ||
| Q1 25 | $70.8M | $31.0M | ||
| Q4 24 | $59.8M | $-165.0M | ||
| Q3 24 | $37.5M | $17.0M | ||
| Q2 24 | $34.4M | $6.0M | ||
| Q1 24 | $40.5M | $120.0M |
毛利率AROCASH
| Q4 25 | 53.0% | 27.2% | ||
| Q3 25 | 48.5% | 33.3% | ||
| Q2 25 | 45.4% | 28.5% | ||
| Q1 25 | 47.4% | 30.7% | ||
| Q4 24 | 46.3% | 27.4% | ||
| Q3 24 | 44.4% | 33.2% | ||
| Q2 24 | 41.5% | 34.2% | ||
| Q1 24 | 42.1% | 28.0% |
营业利润率AROCASH
| Q4 25 | 39.4% | -1.6% | ||
| Q3 25 | 25.3% | 12.8% | ||
| Q2 25 | 22.5% | -152.9% | ||
| Q1 25 | 26.5% | 10.6% | ||
| Q4 24 | 24.0% | -44.2% | ||
| Q3 24 | 18.1% | 6.1% | ||
| Q2 24 | 17.6% | -11.2% | ||
| Q1 24 | 20.0% | 3.7% |
净利率AROCASH
| Q4 25 | 31.0% | -3.1% | ||
| Q3 25 | 18.6% | 6.5% | ||
| Q2 25 | 16.6% | -160.3% | ||
| Q1 25 | 20.4% | 6.5% | ||
| Q4 24 | 18.3% | -40.7% | ||
| Q3 24 | 12.8% | 3.3% | ||
| Q2 24 | 12.7% | 1.1% | ||
| Q1 24 | 15.1% | 20.9% |
每股收益（稀释后）AROCASH
| Q4 25 | $0.67 | $-0.26 | ||
| Q3 25 | $0.40 | $0.83 | ||
| Q2 25 | $0.36 | $-16.21 | ||
| Q1 25 | $0.40 | $0.65 | ||
| Q4 24 | $0.35 | $-3.50 | ||
| Q3 24 | $0.22 | $0.34 | ||
| Q2 24 | $0.22 | $0.12 | ||
| Q1 24 | $0.26 | $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 | $1.6M | $304.0M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $1.5B | $1.9B |
| 总资产 | $4.3B | $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AROCASH
| Q4 25 | $1.6M | $304.0M | ||
| Q3 25 | $4.1M | $215.0M | ||
| Q2 25 | $5.9M | $207.0M | ||
| Q1 25 | $4.8M | $168.0M | ||
| Q4 24 | $4.4M | $219.0M | ||
| Q3 24 | $3.7M | $300.0M | ||
| Q2 24 | $919.0K | $399.0M | ||
| Q1 24 | $1.2M | $439.0M |
总债务AROCASH
| 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AROCASH
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $894.5M | $3.0B | ||
| Q1 24 | $882.1M | $3.1B |
总资产AROCASH
| Q4 25 | $4.3B | $4.5B | ||
| Q3 25 | $4.4B | $4.6B | ||
| Q2 25 | $4.4B | $4.6B | ||
| Q1 25 | $4.0B | $5.2B | ||
| Q4 24 | $3.8B | $5.2B | ||
| Q3 24 | $3.8B | $5.6B | ||
| Q2 24 | $2.7B | $5.7B | ||
| Q1 24 | $2.7B | $5.9B |
负债/权益比AROCASH
| 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 | $214.5M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $126.7M | $111.0M |
| 自由现金流率自由现金流/营收 | 33.6% | 28.8% |
| 资本支出强度资本支出/营收 | 23.3% | 3.6% |
| 现金转化率经营现金流/净利润 | 1.84× | — |
| 过去12个月自由现金流最近4个季度 | $119.6M | $200.0M |
8季度趋势，按日历期对齐
经营现金流AROCASH
| Q4 25 | $214.5M | $125.0M | ||
| Q3 25 | $164.5M | $40.0M | ||
| Q2 25 | $127.5M | $115.0M | ||
| Q1 25 | $115.6M | $9.0M | ||
| Q4 24 | $124.3M | $-30.0M | ||
| Q3 24 | $96.9M | $80.0M | ||
| Q2 24 | $70.7M | $127.0M | ||
| Q1 24 | $137.7M | $54.0M |
自由现金流AROCASH
| Q4 25 | $126.7M | $111.0M | ||
| Q3 25 | $29.5M | $6.0M | ||
| Q2 25 | $16.0M | $95.0M | ||
| Q1 25 | $-52.5M | $-12.0M | ||
| Q4 24 | $26.4M | $-53.0M | ||
| Q3 24 | $26.9M | $42.0M | ||
| Q2 24 | $-20.6M | $98.0M | ||
| Q1 24 | $37.9M | $20.0M |
自由现金流率AROCASH
| Q4 25 | 33.6% | 28.8% | ||
| Q3 25 | 7.7% | 1.3% | ||
| Q2 25 | 4.2% | 20.5% | ||
| Q1 25 | -15.1% | -2.5% | ||
| Q4 24 | 8.1% | -13.1% | ||
| Q3 24 | 9.2% | 8.1% | ||
| Q2 24 | -7.6% | 18.0% | ||
| Q1 24 | 14.1% | 3.5% |
资本支出强度AROCASH
| Q4 25 | 23.3% | 3.6% | ||
| Q3 25 | 35.3% | 7.1% | ||
| Q2 25 | 29.1% | 4.3% | ||
| Q1 25 | 48.4% | 4.4% | ||
| Q4 24 | 30.0% | 5.7% | ||
| Q3 24 | 24.0% | 7.3% | ||
| Q2 24 | 33.7% | 5.3% | ||
| Q1 24 | 37.2% | 5.9% |
现金转化率AROCASH
| Q4 25 | 1.84× | — | ||
| Q3 25 | 2.31× | 1.29× | ||
| Q2 25 | 2.01× | — | ||
| Q1 25 | 1.63× | 0.29× | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 2.58× | 4.71× | ||
| Q2 24 | 2.05× | 21.17× | ||
| Q1 24 | 3.40× | 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
AROC
| Horsepower Group Three | $112.6M | 30% |
| Horsepower Group Two | $108.5M | 29% |
| Horsepower Group One | $105.9M | 28% |
| Services | $32.9M | 9% |
| Over Counter Parts And Component Sales | $17.0M | 5% |
| Transferred At Point In Time | $1.4M | 0% |
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% |
