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亚什兰（ASH）与AeroVironment Inc（AVAV）财务数据对比。点击上方公司名可切换其他公司
AeroVironment Inc的季度营收约是亚什兰的1.2倍（$472.5M vs $386.0M），亚什兰净利率更高（-3.1% vs -3.6%，领先0.5%），AeroVironment Inc同比增速更快（181.9% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs -18.1%）
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。
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
ASH vs AVAV — 直观对比
营收规模更大
AVAV
是对方的1.2倍
$386.0M
营收增速更快
AVAV
高出186.6%
-4.7%
净利率更高
ASH
高出0.5%
-3.6%
自由现金流更多
ASH
多$166.9M
$-55.9M
两年增速更快
AVAV
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $472.5M |
| 净利润 | $-12.0M | $-17.1M |
| 毛利率 | 27.2% | 22.0% |
| 营业利润率 | -1.6% | -6.4% |
| 净利率 | -3.1% | -3.6% |
| 营收同比 | -4.7% | 181.9% |
| 净利润同比 | 92.7% | -875.1% |
| 每股收益（稀释后） | $-0.26 | $-0.34 |
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ASHAVAV
| Q4 25 | $386.0M | $472.5M | ||
| Q3 25 | $477.0M | $454.7M | ||
| Q2 25 | $463.0M | $275.1M | ||
| Q1 25 | $479.0M | $167.6M | ||
| Q4 24 | $405.0M | $188.5M | ||
| Q3 24 | $521.0M | $189.5M | ||
| Q2 24 | $544.0M | $197.0M | ||
| Q1 24 | $575.0M | $186.6M |
净利润ASHAVAV
| Q4 25 | $-12.0M | $-17.1M | ||
| Q3 25 | $31.0M | $-67.4M | ||
| Q2 25 | $-742.0M | $16.7M | ||
| Q1 25 | $31.0M | $-1.8M | ||
| Q4 24 | $-165.0M | $7.5M | ||
| Q3 24 | $17.0M | $21.2M | ||
| Q2 24 | $6.0M | $6.0M | ||
| Q1 24 | $120.0M | $13.9M |
毛利率ASHAVAV
| Q4 25 | 27.2% | 22.0% | ||
| Q3 25 | 33.3% | 20.9% | ||
| Q2 25 | 28.5% | 36.5% | ||
| Q1 25 | 30.7% | 37.7% | ||
| Q4 24 | 27.4% | 39.1% | ||
| Q3 24 | 33.2% | 43.0% | ||
| Q2 24 | 34.2% | 38.4% | ||
| Q1 24 | 28.0% | 36.1% |
营业利润率ASHAVAV
| Q4 25 | -1.6% | -6.4% | ||
| Q3 25 | 12.8% | -15.2% | ||
| Q2 25 | -152.9% | 5.0% | ||
| Q1 25 | 10.6% | -1.8% | ||
| Q4 24 | -44.2% | 3.7% | ||
| Q3 24 | 6.1% | 12.2% | ||
| Q2 24 | -11.2% | 3.0% | ||
| Q1 24 | 3.7% | 7.7% |
净利率ASHAVAV
| Q4 25 | -3.1% | -3.6% | ||
| Q3 25 | 6.5% | -14.8% | ||
| Q2 25 | -160.3% | 6.1% | ||
| Q1 25 | 6.5% | -1.0% | ||
| Q4 24 | -40.7% | 4.0% | ||
| Q3 24 | 3.3% | 11.2% | ||
| Q2 24 | 1.1% | 3.1% | ||
| Q1 24 | 20.9% | 7.4% |
每股收益（稀释后）ASHAVAV
| Q4 25 | $-0.26 | $-0.34 | ||
| Q3 25 | $0.83 | $-1.44 | ||
| Q2 25 | $-16.21 | $0.59 | ||
| Q1 25 | $0.65 | $-0.06 | ||
| Q4 24 | $-3.50 | $0.27 | ||
| Q3 24 | $0.34 | $0.75 | ||
| Q2 24 | $0.12 | $0.18 | ||
| Q1 24 | $2.39 | $0.50 |
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 | $588.5M |
| 总债务越低越好 | $1.4B | $747.5M |
| 股东权益账面价值 | $1.9B | $4.4B |
| 总资产 | $4.5B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资ASHAVAV
| Q4 25 | $304.0M | $588.5M | ||
| Q3 25 | $215.0M | $685.8M | ||
| Q2 25 | $207.0M | $40.9M | ||
| Q1 25 | $168.0M | $47.0M | ||
| Q4 24 | $219.0M | $69.0M | ||
| Q3 24 | $300.0M | $81.2M | ||
| Q2 24 | $399.0M | $73.3M | ||
| Q1 24 | $439.0M | $107.7M |
总债务ASHAVAV
| Q4 25 | $1.4B | $747.5M | ||
| Q3 25 | $1.4B | $747.5M | ||
| Q2 25 | $1.4B | $30.0M | ||
| Q1 25 | $1.3B | $25.0M | ||
| Q4 24 | $1.3B | $15.0M | ||
| Q3 24 | $1.3B | $17.5M | ||
| Q2 24 | $1.3B | $28.0M | ||
| Q1 24 | $1.3B | $40.0M |
股东权益ASHAVAV
| Q4 25 | $1.9B | $4.4B | ||
| Q3 25 | $1.9B | $4.4B | ||
| Q2 25 | $1.9B | $886.5M | ||
| Q1 25 | $2.6B | $861.1M | ||
| Q4 24 | $2.6B | $858.4M | ||
| Q3 24 | $2.9B | $845.5M | ||
| Q2 24 | $3.0B | $822.7M | ||
| Q1 24 | $3.1B | $813.0M |
总资产ASHAVAV
| Q4 25 | $4.5B | $5.6B | ||
| Q3 25 | $4.6B | $5.6B | ||
| Q2 25 | $4.6B | $1.1B | ||
| Q1 25 | $5.2B | $1.0B | ||
| Q4 24 | $5.2B | $1.0B | ||
| Q3 24 | $5.6B | $999.2M | ||
| Q2 24 | $5.7B | $1.0B | ||
| Q1 24 | $5.9B | $980.3M |
负债/权益比ASHAVAV
| Q4 25 | 0.74× | 0.17× | ||
| Q3 25 | 0.73× | 0.17× | ||
| Q2 25 | 0.73× | 0.03× | ||
| Q1 25 | 0.52× | 0.03× | ||
| Q4 24 | 0.51× | 0.02× | ||
| Q3 24 | 0.47× | 0.02× | ||
| Q2 24 | 0.45× | 0.03× | ||
| Q1 24 | 0.42× | 0.05× |
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 | $-45.1M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $-55.9M |
| 自由现金流率自由现金流/营收 | 28.8% | -11.8% |
| 资本支出强度资本支出/营收 | 3.6% | 2.3% |
| 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 | $-240.7M |
8季度趋势，按日历期对齐
经营现金流ASHAVAV
| Q4 25 | $125.0M | $-45.1M | ||
| Q3 25 | $40.0M | $-123.7M | ||
| Q2 25 | $115.0M | $-264.0K | ||
| Q1 25 | $9.0M | $-25.8M | ||
| Q4 24 | $-30.0M | $-3.6M | ||
| Q3 24 | $80.0M | $28.4M | ||
| Q2 24 | $127.0M | $-11.7M | ||
| Q1 24 | $54.0M | $52.6M |
自由现金流ASHAVAV
| Q4 25 | $111.0M | $-55.9M | ||
| Q3 25 | $6.0M | $-146.5M | ||
| Q2 25 | $95.0M | $-8.8M | ||
| Q1 25 | $-12.0M | $-29.6M | ||
| Q4 24 | $-53.0M | $-8.7M | ||
| Q3 24 | $42.0M | $22.9M | ||
| Q2 24 | $98.0M | $-20.8M | ||
| Q1 24 | $20.0M | $48.8M |
自由现金流率ASHAVAV
| Q4 25 | 28.8% | -11.8% | ||
| Q3 25 | 1.3% | -32.2% | ||
| Q2 25 | 20.5% | -3.2% | ||
| Q1 25 | -2.5% | -17.7% | ||
| Q4 24 | -13.1% | -4.6% | ||
| Q3 24 | 8.1% | 12.1% | ||
| Q2 24 | 18.0% | -10.5% | ||
| Q1 24 | 3.5% | 26.1% |
资本支出强度ASHAVAV
| Q4 25 | 3.6% | 2.3% | ||
| Q3 25 | 7.1% | 5.0% | ||
| Q2 25 | 4.3% | 3.1% | ||
| Q1 25 | 4.4% | 2.3% | ||
| Q4 24 | 5.7% | 2.7% | ||
| Q3 24 | 7.3% | 2.9% | ||
| Q2 24 | 5.3% | 4.6% | ||
| Q1 24 | 5.9% | 2.0% |
现金转化率ASHAVAV
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | -0.02× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | -0.48× | ||
| Q3 24 | 4.71× | 1.34× | ||
| Q2 24 | 21.17× | -1.93× | ||
| Q1 24 | 0.45× | 3.79× |
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
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% |
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
