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Asana, Inc.（ASAN）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Asana, Inc.的1.9倍（$386.0M vs $201.0M），亚什兰净利率更高（-3.1% vs -34.0%，领先30.9%），Asana, Inc.同比增速更快（9.3% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $15.5M），过去两年Asana, Inc.的营收复合增速更高（8.4% vs -18.1%）
Asana是一家总部位于美国旧金山的软件企业，由达斯汀·莫斯科维茨和贾斯汀·罗森斯坦于2008年创立，核心产品是同名工作管理平台，支持网页端与移动端使用，可帮助团队梳理、跟踪及统筹各类工作事项，2012年4月正式商业化推出，2020年9月直接上市，当时估值达55亿美元。
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。
ASAN vs ASH — 直观对比
营收规模更大
ASH
是对方的1.9倍
$201.0M
营收增速更快
ASAN
高出14.0%
-4.7%
净利率更高
ASH
高出30.9%
-34.0%
自由现金流更多
ASH
多$95.5M
$15.5M
两年增速更快
ASAN
近两年复合增速
-18.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $201.0M | $386.0M |
| 净利润 | $-68.4M | $-12.0M |
| 毛利率 | 88.9% | 27.2% |
| 营业利润率 | -34.8% | -1.6% |
| 净利率 | -34.0% | -3.1% |
| 营收同比 | 9.3% | -4.7% |
| 净利润同比 | -19.4% | 92.7% |
| 每股收益（稀释后） | $-0.29 | $-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ASANASH
| Q4 25 | $201.0M | $386.0M | ||
| Q3 25 | $196.9M | $477.0M | ||
| Q2 25 | $187.3M | $463.0M | ||
| Q1 25 | $188.3M | $479.0M | ||
| Q4 24 | $183.9M | $405.0M | ||
| Q3 24 | $179.2M | $521.0M | ||
| Q2 24 | $172.4M | $544.0M | ||
| Q1 24 | $171.1M | $575.0M |
净利润ASANASH
| Q4 25 | $-68.4M | $-12.0M | ||
| Q3 25 | $-48.4M | $31.0M | ||
| Q2 25 | $-40.0M | $-742.0M | ||
| Q1 25 | $-62.3M | $31.0M | ||
| Q4 24 | $-57.3M | $-165.0M | ||
| Q3 24 | $-72.2M | $17.0M | ||
| Q2 24 | $-63.7M | $6.0M | ||
| Q1 24 | $-62.4M | $120.0M |
毛利率ASANASH
| Q4 25 | 88.9% | 27.2% | ||
| Q3 25 | 89.7% | 33.3% | ||
| Q2 25 | 89.7% | 28.5% | ||
| Q1 25 | 89.6% | 30.7% | ||
| Q4 24 | 89.2% | 27.4% | ||
| Q3 24 | 88.8% | 33.2% | ||
| Q2 24 | 89.7% | 34.2% | ||
| Q1 24 | 89.8% | 28.0% |
营业利润率ASANASH
| Q4 25 | -34.8% | -1.6% | ||
| Q3 25 | -25.1% | 12.8% | ||
| Q2 25 | -23.4% | -152.9% | ||
| Q1 25 | -33.8% | 10.6% | ||
| Q4 24 | -32.7% | -44.2% | ||
| Q3 24 | -42.9% | 6.1% | ||
| Q2 24 | -38.4% | -11.2% | ||
| Q1 24 | -39.7% | 3.7% |
净利率ASANASH
| Q4 25 | -34.0% | -3.1% | ||
| Q3 25 | -24.6% | 6.5% | ||
| Q2 25 | -21.4% | -160.3% | ||
| Q1 25 | -33.1% | 6.5% | ||
| Q4 24 | -31.2% | -40.7% | ||
| Q3 24 | -40.3% | 3.3% | ||
| Q2 24 | -37.0% | 1.1% | ||
| Q1 24 | -36.5% | 20.9% |
每股收益（稀释后）ASANASH
| Q4 25 | $-0.29 | $-0.26 | ||
| Q3 25 | $-0.20 | $0.83 | ||
| Q2 25 | $-0.17 | $-16.21 | ||
| Q1 25 | $-0.27 | $0.65 | ||
| Q4 24 | $-0.25 | $-3.50 | ||
| Q3 24 | $-0.31 | $0.34 | ||
| Q2 24 | $-0.28 | $0.12 | ||
| Q1 24 | $-0.28 | $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 | $183.5M | $304.0M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $188.4M | $1.9B |
| 总资产 | $840.4M | $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ASANASH
| Q4 25 | $183.5M | $304.0M | ||
| Q3 25 | $184.1M | $215.0M | ||
| Q2 25 | $193.8M | $207.0M | ||
| Q1 25 | $184.7M | $168.0M | ||
| Q4 24 | $196.8M | $219.0M | ||
| Q3 24 | $219.4M | $300.0M | ||
| Q2 24 | $222.0M | $399.0M | ||
| Q1 24 | $236.7M | $439.0M |
总债务ASANASH
| 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ASANASH
| Q4 25 | $188.4M | $1.9B | ||
| Q3 25 | $224.6M | $1.9B | ||
| Q2 25 | $236.3M | $1.9B | ||
| Q1 25 | $227.5M | $2.6B | ||
| Q4 24 | $239.3M | $2.6B | ||
| Q3 24 | $291.9M | $2.9B | ||
| Q2 24 | $319.9M | $3.0B | ||
| Q1 24 | $326.4M | $3.1B |
总资产ASANASH
| Q4 25 | $840.4M | $4.5B | ||
| Q3 25 | $883.2M | $4.6B | ||
| Q2 25 | $877.1M | $4.6B | ||
| Q1 25 | $891.4M | $5.2B | ||
| Q4 24 | $874.2M | $5.2B | ||
| Q3 24 | $945.4M | $5.6B | ||
| Q2 24 | $978.2M | $5.7B | ||
| Q1 24 | $962.0M | $5.9B |
负债/权益比ASANASH
| 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 | $16.2M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $15.5M | $111.0M |
| 自由现金流率自由现金流/营收 | 7.7% | 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $74.5M | $200.0M |
8季度趋势，按日历期对齐
经营现金流ASANASH
| Q4 25 | $16.2M | $125.0M | ||
| Q3 25 | $39.8M | $40.0M | ||
| Q2 25 | $6.8M | $115.0M | ||
| Q1 25 | $15.9M | $9.0M | ||
| Q4 24 | $-14.9M | $-30.0M | ||
| Q3 24 | $15.9M | $80.0M | ||
| Q2 24 | $-1.9M | $127.0M | ||
| Q1 24 | $-15.3M | $54.0M |
自由现金流ASANASH
| Q4 25 | $15.5M | $111.0M | ||
| Q3 25 | $38.5M | $6.0M | ||
| Q2 25 | $6.1M | $95.0M | ||
| Q1 25 | $14.3M | $-12.0M | ||
| Q4 24 | $-16.3M | $-53.0M | ||
| Q3 24 | $14.2M | $42.0M | ||
| Q2 24 | $-2.9M | $98.0M | ||
| Q1 24 | $-15.8M | $20.0M |
自由现金流率ASANASH
| Q4 25 | 7.7% | 28.8% | ||
| Q3 25 | 19.6% | 1.3% | ||
| Q2 25 | 3.3% | 20.5% | ||
| Q1 25 | 7.6% | -2.5% | ||
| Q4 24 | -8.8% | -13.1% | ||
| Q3 24 | 7.9% | 8.1% | ||
| Q2 24 | -1.7% | 18.0% | ||
| Q1 24 | -9.3% | 3.5% |
资本支出强度ASANASH
| Q4 25 | 0.3% | 3.6% | ||
| Q3 25 | 0.7% | 7.1% | ||
| Q2 25 | 0.3% | 4.3% | ||
| Q1 25 | 0.8% | 4.4% | ||
| Q4 24 | 0.7% | 5.7% | ||
| Q3 24 | 0.9% | 7.3% | ||
| Q2 24 | 0.6% | 5.3% | ||
| Q1 24 | 0.3% | 5.9% |
现金转化率ASANASH
| Q4 25 | — | — | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.71× | ||
| Q2 24 | — | 21.17× | ||
| Q1 24 | — | 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
ASAN
| US | $118.5M | 59% |
| Non Us | $82.5M | 41% |
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% |
