vs
ASSOCIATED BANC-CORP（ASB）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ASSOCIATED BANC-CORP的1.0倍（$386.0M vs $383.0M），ASSOCIATED BANC-CORP净利率更高（31.2% vs -3.1%，领先34.3%），过去两年ASSOCIATED BANC-CORP的营收复合增速更高（9.1% vs -18.1%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
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。
ASB vs ASH — 直观对比
营收规模更大
ASH
是对方的1.0倍
$383.0M
净利率更高
ASB
高出34.3%
-3.1%
两年增速更快
ASB
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $386.0M |
| 净利润 | $119.6M | $-12.0M |
| 毛利率 | — | 27.2% |
| 营业利润率 | — | -1.6% |
| 净利率 | 31.2% | -3.1% |
| 营收同比 | — | -4.7% |
| 净利润同比 | 566.6% | 92.7% |
| 每股收益（稀释后） | $0.70 | $-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ASBASH
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | $386.0M | ||
| Q3 25 | $305.2M | $477.0M | ||
| Q2 25 | $300.0M | $463.0M | ||
| Q1 25 | $285.9M | $479.0M | ||
| Q4 24 | $270.3M | $405.0M | ||
| Q3 24 | $329.7M | $521.0M | ||
| Q2 24 | $321.8M | $544.0M |
净利润ASBASH
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | $-12.0M | ||
| Q3 25 | $124.7M | $31.0M | ||
| Q2 25 | $111.2M | $-742.0M | ||
| Q1 25 | $101.7M | $31.0M | ||
| Q4 24 | $-161.6M | $-165.0M | ||
| Q3 24 | $88.0M | $17.0M | ||
| Q2 24 | $115.6M | $6.0M |
毛利率ASBASH
| Q1 26 | — | — | ||
| Q4 25 | — | 27.2% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 28.5% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | 27.4% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 34.2% |
营业利润率ASBASH
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | -1.6% | ||
| Q3 25 | 50.5% | 12.8% | ||
| Q2 25 | 46.5% | -152.9% | ||
| Q1 25 | 42.3% | 10.6% | ||
| Q4 24 | -65.8% | -44.2% | ||
| Q3 24 | 32.8% | 6.1% | ||
| Q2 24 | 32.0% | -11.2% |
净利率ASBASH
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | -3.1% | ||
| Q3 25 | 40.9% | 6.5% | ||
| Q2 25 | 37.1% | -160.3% | ||
| Q1 25 | 35.6% | 6.5% | ||
| Q4 24 | -59.8% | -40.7% | ||
| Q3 24 | 26.7% | 3.3% | ||
| Q2 24 | 35.9% | 1.1% |
每股收益（稀释后）ASBASH
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | $-0.26 | ||
| Q3 25 | $0.73 | $0.83 | ||
| Q2 25 | $0.65 | $-16.21 | ||
| Q1 25 | $0.59 | $0.65 | ||
| Q4 24 | $-1.10 | $-3.50 | ||
| Q3 24 | $0.56 | $0.34 | ||
| Q2 24 | $0.74 | $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 | — | $304.0M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $5.0B | $1.9B |
| 总资产 | $45.6B | $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ASBASH
| Q1 26 | — | — | ||
| Q4 25 | — | $304.0M | ||
| Q3 25 | — | $215.0M | ||
| Q2 25 | — | $207.0M | ||
| Q1 25 | — | $168.0M | ||
| Q4 24 | — | $219.0M | ||
| Q3 24 | — | $300.0M | ||
| Q2 24 | — | $399.0M |
总债务ASBASH
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $594.1M | $1.4B | ||
| Q2 25 | $593.5M | $1.4B | ||
| Q1 25 | $591.4M | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $844.3M | $1.3B | ||
| Q2 24 | $536.1M | $1.3B |
股东权益ASBASH
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $1.9B | ||
| Q3 25 | $4.9B | $1.9B | ||
| Q2 25 | $4.8B | $1.9B | ||
| Q1 25 | $4.7B | $2.6B | ||
| Q4 24 | $4.6B | $2.6B | ||
| Q3 24 | $4.4B | $2.9B | ||
| Q2 24 | $4.2B | $3.0B |
总资产ASBASH
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | $4.5B | ||
| Q3 25 | $44.5B | $4.6B | ||
| Q2 25 | $44.0B | $4.6B | ||
| Q1 25 | $43.3B | $5.2B | ||
| Q4 24 | $43.0B | $5.2B | ||
| Q3 24 | $42.2B | $5.6B | ||
| Q2 24 | $41.6B | $5.7B |
负债/权益比ASBASH
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 0.74× | ||
| Q3 25 | 0.12× | 0.73× | ||
| Q2 25 | 0.12× | 0.73× | ||
| Q1 25 | 0.13× | 0.52× | ||
| Q4 24 | 0.31× | 0.51× | ||
| Q3 24 | 0.19× | 0.47× | ||
| Q2 24 | 0.13× | 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 | — | $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 | — | 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 | — | $200.0M |
8季度趋势，按日历期对齐
经营现金流ASBASH
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | $125.0M | ||
| Q3 25 | $158.0M | $40.0M | ||
| Q2 25 | $141.5M | $115.0M | ||
| Q1 25 | $98.2M | $9.0M | ||
| Q4 24 | $207.1M | $-30.0M | ||
| Q3 24 | $105.1M | $80.0M | ||
| Q2 24 | $113.5M | $127.0M |
自由现金流ASBASH
| Q1 26 | — | — | ||
| Q4 25 | — | $111.0M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | — | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | $-53.0M | ||
| Q3 24 | — | $42.0M | ||
| Q2 24 | — | $98.0M |
自由现金流率ASBASH
| Q1 26 | — | — | ||
| Q4 25 | — | 28.8% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | -13.1% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 18.0% |
资本支出强度ASBASH
| Q1 26 | — | — | ||
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 7.1% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 5.3% |
现金转化率ASBASH
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | — | ||
| Q3 25 | 1.27× | 1.29× | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 0.97× | 0.29× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.19× | 4.71× | ||
| Q2 24 | 0.98× | 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
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
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% |
