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ASSOCIATED BANC-CORP（ASB）与Tecnoglass Inc.（TGLS）财务数据对比。点击上方公司名可切换其他公司
ASSOCIATED BANC-CORP的季度营收约是Tecnoglass Inc.的1.6倍（$383.0M vs $245.3M），ASSOCIATED BANC-CORP净利率更高（31.2% vs 10.6%，领先20.6%），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% vs 9.1%）
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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
ASB vs TGLS — 直观对比
营收规模更大
ASB
是对方的1.6倍
$245.3M
净利率更高
ASB
高出20.6%
10.6%
两年增速更快
TGLS
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $245.3M |
| 净利润 | $119.6M | $26.1M |
| 毛利率 | — | 40.0% |
| 营业利润率 | — | 18.3% |
| 净利率 | 31.2% | 10.6% |
| 营收同比 | — | 2.4% |
| 净利润同比 | 566.6% | -44.5% |
| 每股收益（稀释后） | $0.70 | $0.57 |
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ASBTGLS
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | $245.3M | ||
| Q3 25 | $305.2M | $260.5M | ||
| Q2 25 | $300.0M | $255.5M | ||
| Q1 25 | $285.9M | $222.3M | ||
| Q4 24 | $270.3M | $239.6M | ||
| Q3 24 | $329.7M | $238.3M | ||
| Q2 24 | $321.8M | $219.7M |
净利润ASBTGLS
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | $26.1M | ||
| Q3 25 | $124.7M | $47.2M | ||
| Q2 25 | $111.2M | $44.1M | ||
| Q1 25 | $101.7M | $42.2M | ||
| Q4 24 | $-161.6M | $47.0M | ||
| Q3 24 | $88.0M | $49.5M | ||
| Q2 24 | $115.6M | $35.0M |
毛利率ASBTGLS
| Q1 26 | — | — | ||
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% |
营业利润率ASBTGLS
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | 18.3% | ||
| Q3 25 | 50.5% | 25.1% | ||
| Q2 25 | 46.5% | 24.0% | ||
| Q1 25 | 42.3% | 26.7% | ||
| Q4 24 | -65.8% | 28.0% | ||
| Q3 24 | 32.8% | 28.4% | ||
| Q2 24 | 32.0% | 23.3% |
净利率ASBTGLS
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | 10.6% | ||
| Q3 25 | 40.9% | 18.1% | ||
| Q2 25 | 37.1% | 17.3% | ||
| Q1 25 | 35.6% | 19.0% | ||
| Q4 24 | -59.8% | 19.6% | ||
| Q3 24 | 26.7% | 20.8% | ||
| Q2 24 | 35.9% | 15.9% |
每股收益（稀释后）ASBTGLS
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | $0.57 | ||
| Q3 25 | $0.73 | $1.01 | ||
| Q2 25 | $0.65 | $0.94 | ||
| Q1 25 | $0.59 | $0.90 | ||
| Q4 24 | $-1.10 | $1.00 | ||
| Q3 24 | $0.56 | $1.05 | ||
| Q2 24 | $0.74 | $0.75 |
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 | — | $104.1M |
| 总债务越低越好 | — | $174.4M |
| 股东权益账面价值 | $5.0B | $713.1M |
| 总资产 | $45.6B | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资ASBTGLS
| Q1 26 | — | — | ||
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | — | $140.9M | ||
| Q1 25 | — | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $129.5M |
总债务ASBTGLS
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $174.4M | ||
| Q3 25 | $594.1M | $114.7M | ||
| Q2 25 | $593.5M | $110.6M | ||
| Q1 25 | $591.4M | $110.6M | ||
| Q4 24 | $1.4B | $111.1M | ||
| Q3 24 | $844.3M | $126.8M | ||
| Q2 24 | $536.1M | $144.7M |
股东权益ASBTGLS
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $713.1M | ||
| Q3 25 | $4.9B | $764.0M | ||
| Q2 25 | $4.8B | $736.0M | ||
| Q1 25 | $4.7B | $685.1M | ||
| Q4 24 | $4.6B | $631.2M | ||
| Q3 24 | $4.4B | $613.3M | ||
| Q2 24 | $4.2B | $574.8M |
总资产ASBTGLS
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | $1.3B | ||
| Q3 25 | $44.5B | $1.2B | ||
| Q2 25 | $44.0B | $1.2B | ||
| Q1 25 | $43.3B | $1.1B | ||
| Q4 24 | $43.0B | $1.0B | ||
| Q3 24 | $42.2B | $996.3M | ||
| Q2 24 | $41.6B | $942.5M |
负债/权益比ASBTGLS
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 0.24× | ||
| Q3 25 | 0.12× | 0.15× | ||
| Q2 25 | 0.12× | 0.15× | ||
| Q1 25 | 0.13× | 0.16× | ||
| Q4 24 | 0.31× | 0.18× | ||
| Q3 24 | 0.19× | 0.21× | ||
| Q2 24 | 0.13× | 0.25× |
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 | — | $31.0M |
| 自由现金流经营现金流 - 资本支出 | — | $11.4M |
| 自由现金流率自由现金流/营收 | — | 4.7% |
| 资本支出强度资本支出/营收 | — | 8.0% |
| 现金转化率经营现金流/净利润 | — | 1.19× |
| 过去12个月自由现金流最近4个季度 | — | $34.5M |
8季度趋势，按日历期对齐
经营现金流ASBTGLS
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | $31.0M | ||
| Q3 25 | $158.0M | $40.0M | ||
| Q2 25 | $141.5M | $17.9M | ||
| Q1 25 | $98.2M | $46.9M | ||
| Q4 24 | $207.1M | $61.1M | ||
| Q3 24 | $105.1M | $41.5M | ||
| Q2 24 | $113.5M | $34.5M |
自由现金流ASBTGLS
| Q1 26 | — | — | ||
| Q4 25 | — | $11.4M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | — | $-14.7M | ||
| Q1 25 | — | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | — | $17.8M | ||
| Q2 24 | — | $14.2M |
自由现金流率ASBTGLS
| Q1 26 | — | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 6.5% |
资本支出强度ASBTGLS
| Q1 26 | — | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.2% |
现金转化率ASBTGLS
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | 1.19× | ||
| Q3 25 | 1.27× | 0.85× | ||
| Q2 25 | 1.27× | 0.41× | ||
| Q1 25 | 0.97× | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 1.19× | 0.84× | ||
| Q2 24 | 0.98× | 0.98× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
