vs
Ardmore Shipping Corp（ASC）与Safehold Inc.（SAFE）财务数据对比。点击上方公司名可切换其他公司
Safehold Inc.的季度营收约是Ardmore Shipping Corp的1.2倍（$97.9M vs $81.2M），Safehold Inc.净利率更高（28.5% vs 15.7%，领先12.7%），Safehold Inc.同比增速更快（6.5% vs -15.5%），过去两年Safehold Inc.的营收复合增速更高（2.5% vs -6.0%）
阿德莫尔航运是一家全球化海上运输企业，持有并运营中型成品油轮与化学品运输船队，可为全球能源、化工及贸易领域客户提供石油产品、特种化学品及其他散装液态货物的海运服务。
SAFE投资有限公司是一家位于中国香港的中国主权财富基金，主要承担主权财富相关的投资运营职能，依托香港的国际金融中心优势开展相关投资业务。
ASC vs SAFE — 直观对比
营收规模更大
SAFE
是对方的1.2倍
$81.2M
营收增速更快
SAFE
高出22.0%
-15.5%
净利率更高
SAFE
高出12.7%
15.7%
两年增速更快
SAFE
近两年复合增速
-6.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.2M | $97.9M |
| 净利润 | $12.8M | $27.9M |
| 毛利率 | — | 98.6% |
| 营业利润率 | 16.1% | 27.4% |
| 净利率 | 15.7% | 28.5% |
| 营收同比 | -15.5% | 6.5% |
| 净利润同比 | -47.0% | 7.1% |
| 每股收益（稀释后） | $0.30 | $0.38 |
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ASCSAFE
| Q4 25 | — | $97.9M | ||
| Q3 25 | $81.2M | $96.2M | ||
| Q2 25 | $72.0M | $93.8M | ||
| Q1 25 | $74.0M | $97.7M | ||
| Q4 24 | — | $91.9M | ||
| Q3 24 | $96.1M | $90.7M | ||
| Q2 24 | $121.3M | $89.9M | ||
| Q1 24 | $106.3M | $93.2M |
净利润ASCSAFE
| Q4 25 | — | $27.9M | ||
| Q3 25 | $12.8M | $29.3M | ||
| Q2 25 | $9.6M | $27.9M | ||
| Q1 25 | $6.3M | $29.4M | ||
| Q4 24 | — | $26.0M | ||
| Q3 24 | $24.1M | $19.3M | ||
| Q2 24 | $62.7M | $29.7M | ||
| Q1 24 | $39.2M | $30.7M |
毛利率ASCSAFE
| Q4 25 | — | 98.6% | ||
| Q3 25 | — | 98.5% | ||
| Q2 25 | — | 99.1% | ||
| Q1 25 | — | 98.8% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 98.8% | ||
| Q2 24 | — | 98.8% | ||
| Q1 24 | — | 98.8% |
营业利润率ASCSAFE
| Q4 25 | — | 27.4% | ||
| Q3 25 | 16.1% | 25.9% | ||
| Q2 25 | 13.5% | 25.5% | ||
| Q1 25 | 8.6% | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | 25.4% | 17.5% | ||
| Q2 24 | 51.3% | 26.7% | ||
| Q1 24 | 37.2% | 26.4% |
净利率ASCSAFE
| Q4 25 | — | 28.5% | ||
| Q3 25 | 15.7% | 30.5% | ||
| Q2 25 | 13.3% | 29.8% | ||
| Q1 25 | 8.5% | 30.1% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | 25.1% | 21.3% | ||
| Q2 24 | 51.7% | 33.0% | ||
| Q1 24 | 36.9% | 33.0% |
每股收益（稀释后）ASCSAFE
| Q4 25 | — | $0.38 | ||
| Q3 25 | $0.30 | $0.41 | ||
| Q2 25 | $0.22 | $0.39 | ||
| Q1 25 | $0.14 | $0.41 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | $0.55 | $0.27 | ||
| Q2 24 | $1.47 | $0.42 | ||
| Q1 24 | $0.92 | $0.43 |
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 | — | $21.7M |
| 总债务越低越好 | $116.1M | $4.6B |
| 股东权益账面价值 | $628.2M | $2.4B |
| 总资产 | $799.8M | $7.2B |
| 负债/权益比越低杠杆越低 | 0.18× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资ASCSAFE
| Q4 25 | — | $21.7M | ||
| Q3 25 | — | $12.1M | ||
| Q2 25 | — | $13.9M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $8.3M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | — | $13.4M | ||
| Q1 24 | — | $11.3M |
总债务ASCSAFE
| Q4 25 | — | $4.6B | ||
| Q3 25 | $116.1M | $4.5B | ||
| Q2 25 | $25.0M | $4.4B | ||
| Q1 25 | $20.5M | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | $22.5M | $4.3B | ||
| Q2 24 | $44.2M | $4.2B | ||
| Q1 24 | $23.1M | $4.1B |
股东权益ASCSAFE
| Q4 25 | — | $2.4B | ||
| Q3 25 | $628.2M | $2.4B | ||
| Q2 25 | $618.3M | $2.4B | ||
| Q1 25 | $610.7M | $2.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $627.0M | $2.3B | ||
| Q2 24 | $617.7M | $2.3B | ||
| Q1 24 | $567.9M | $2.3B |
总资产ASCSAFE
| Q4 25 | — | $7.2B | ||
| Q3 25 | $799.8M | $7.1B | ||
| Q2 25 | $703.8M | $7.1B | ||
| Q1 25 | $690.4M | $6.9B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | $722.8M | $6.8B | ||
| Q2 24 | $742.0M | $6.8B | ||
| Q1 24 | $704.1M | $6.7B |
负债/权益比ASCSAFE
| Q4 25 | — | 1.90× | ||
| Q3 25 | 0.18× | 1.89× | ||
| Q2 25 | 0.04× | 1.87× | ||
| Q1 25 | 0.03× | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | 0.04× | 1.88× | ||
| Q2 24 | 0.07× | 1.81× | ||
| Q1 24 | 0.04× | 1.81× |
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 | $17.9M | $47.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.40× | 1.72× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ASCSAFE
| Q4 25 | — | $47.8M | ||
| Q3 25 | $17.9M | $-1.4M | ||
| Q2 25 | $11.2M | $28.0M | ||
| Q1 25 | $26.3M | $8.9M | ||
| Q4 24 | — | $37.9M | ||
| Q3 24 | $39.9M | $8.3M | ||
| Q2 24 | $48.4M | $24.8M | ||
| Q1 24 | $49.2M | $-3.1M |
现金转化率ASCSAFE
| Q4 25 | — | 1.72× | ||
| Q3 25 | 1.40× | -0.05× | ||
| Q2 25 | 1.17× | 1.00× | ||
| Q1 25 | 4.20× | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 1.65× | 0.43× | ||
| Q2 24 | 0.77× | 0.83× | ||
| Q1 24 | 1.25× | -0.10× |
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
ASC
暂无分部数据
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
