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亚什兰（ASH）与BGC Group, Inc.（BGC）财务数据对比。点击上方公司名可切换其他公司
BGC Group, Inc.的季度营收约是亚什兰的1.7倍（$638.6M vs $386.0M），BGC Group, Inc.净利率更高（2.3% vs -3.1%，领先5.4%），BGC Group, Inc.同比增速更快（34.4% vs -4.7%），BGC Group, Inc.自由现金流更多（$175.1M vs $111.0M），过去两年BGC Group, Inc.的营收复合增速更高（18.7% 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。
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
ASH vs BGC — 直观对比
营收规模更大
BGC
是对方的1.7倍
$386.0M
营收增速更快
BGC
高出39.1%
-4.7%
净利率更高
BGC
高出5.4%
-3.1%
自由现金流更多
BGC
多$64.1M
$111.0M
两年增速更快
BGC
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $638.6M |
| 净利润 | $-12.0M | $14.4M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | 3.9% |
| 净利率 | -3.1% | 2.3% |
| 营收同比 | -4.7% | 34.4% |
| 净利润同比 | 92.7% | -43.0% |
| 每股收益（稀释后） | $-0.26 | $0.03 |
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ASHBGC
| Q4 25 | $386.0M | $638.6M | ||
| Q3 25 | $477.0M | $620.8M | ||
| Q2 25 | $463.0M | $648.0M | ||
| Q1 25 | $479.0M | $534.6M | ||
| Q4 24 | $405.0M | $475.2M | ||
| Q3 24 | $521.0M | $448.9M | ||
| Q2 24 | $544.0M | $435.0M | ||
| Q1 24 | $575.0M | $453.6M |
净利润ASHBGC
| Q4 25 | $-12.0M | $14.4M | ||
| Q3 25 | $31.0M | $27.9M | ||
| Q2 25 | $-742.0M | $57.5M | ||
| Q1 25 | $31.0M | $55.2M | ||
| Q4 24 | $-165.0M | $25.2M | ||
| Q3 24 | $17.0M | $14.7M | ||
| Q2 24 | $6.0M | $37.8M | ||
| Q1 24 | $120.0M | $49.2M |
毛利率ASHBGC
| 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% | — | ||
| Q1 24 | 28.0% | — |
营业利润率ASHBGC
| Q4 25 | -1.6% | 3.9% | ||
| Q3 25 | 12.8% | 5.4% | ||
| Q2 25 | -152.9% | 11.6% | ||
| Q1 25 | 10.6% | 15.0% | ||
| Q4 24 | -44.2% | 5.7% | ||
| Q3 24 | 6.1% | 4.4% | ||
| Q2 24 | -11.2% | 12.7% | ||
| Q1 24 | 3.7% | 15.7% |
净利率ASHBGC
| Q4 25 | -3.1% | 2.3% | ||
| Q3 25 | 6.5% | 4.5% | ||
| Q2 25 | -160.3% | 8.9% | ||
| Q1 25 | 6.5% | 10.3% | ||
| Q4 24 | -40.7% | 5.3% | ||
| Q3 24 | 3.3% | 3.3% | ||
| Q2 24 | 1.1% | 8.7% | ||
| Q1 24 | 20.9% | 10.8% |
每股收益（稀释后）ASHBGC
| Q4 25 | $-0.26 | $0.03 | ||
| Q3 25 | $0.83 | $0.06 | ||
| Q2 25 | $-16.21 | $0.11 | ||
| Q1 25 | $0.65 | $0.11 | ||
| Q4 24 | $-3.50 | $0.04 | ||
| Q3 24 | $0.34 | $0.03 | ||
| Q2 24 | $0.12 | $0.08 | ||
| Q1 24 | $2.39 | $0.10 |
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 | $851.5M |
| 总债务越低越好 | $1.4B | $1.5B |
| 股东权益账面价值 | $1.9B | $972.5M |
| 总资产 | $4.5B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.74× | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资ASHBGC
| Q4 25 | $304.0M | $851.5M | ||
| Q3 25 | $215.0M | $774.9M | ||
| Q2 25 | $207.0M | $827.8M | ||
| Q1 25 | $168.0M | $966.4M | ||
| Q4 24 | $219.0M | $711.6M | ||
| Q3 24 | $300.0M | $563.5M | ||
| Q2 24 | $399.0M | $571.7M | ||
| Q1 24 | $439.0M | $566.8M |
总债务ASHBGC
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.3B | $945.0M |
股东权益ASHBGC
| Q4 25 | $1.9B | $972.5M | ||
| Q3 25 | $1.9B | $965.3M | ||
| Q2 25 | $1.9B | $930.5M | ||
| Q1 25 | $2.6B | $963.8M | ||
| Q4 24 | $2.6B | $898.5M | ||
| Q3 24 | $2.9B | $860.1M | ||
| Q2 24 | $3.0B | $858.1M | ||
| Q1 24 | $3.1B | $912.1M |
总资产ASHBGC
| Q4 25 | $4.5B | $4.4B | ||
| Q3 25 | $4.6B | $5.8B | ||
| Q2 25 | $4.6B | $4.9B | ||
| Q1 25 | $5.2B | $4.9B | ||
| Q4 24 | $5.2B | $3.6B | ||
| Q3 24 | $5.6B | $4.4B | ||
| Q2 24 | $5.7B | $4.3B | ||
| Q1 24 | $5.9B | $4.4B |
负债/权益比ASHBGC
| Q4 25 | 0.74× | 1.58× | ||
| Q3 25 | 0.73× | 1.90× | ||
| Q2 25 | 0.73× | 1.97× | ||
| Q1 25 | 0.52× | 1.19× | ||
| Q4 24 | 0.51× | 1.27× | ||
| Q3 24 | 0.47× | 1.68× | ||
| Q2 24 | 0.45× | 1.68× | ||
| Q1 24 | 0.42× | 1.04× |
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 | $180.4M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $175.1M |
| 自由现金流率自由现金流/营收 | 28.8% | 27.4% |
| 资本支出强度资本支出/营收 | 3.6% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 12.55× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $372.9M |
8季度趋势，按日历期对齐
经营现金流ASHBGC
| Q4 25 | $125.0M | $180.4M | ||
| Q3 25 | $40.0M | $141.9M | ||
| Q2 25 | $115.0M | $71.2M | ||
| Q1 25 | $9.0M | $839.0K | ||
| Q4 24 | $-30.0M | $251.9M | ||
| Q3 24 | $80.0M | $88.3M | ||
| Q2 24 | $127.0M | $-53.0M | ||
| Q1 24 | $54.0M | $28.1M |
自由现金流ASHBGC
| Q4 25 | $111.0M | $175.1M | ||
| Q3 25 | $6.0M | $137.2M | ||
| Q2 25 | $95.0M | $65.0M | ||
| Q1 25 | $-12.0M | $-4.4M | ||
| Q4 24 | $-53.0M | $245.6M | ||
| Q3 24 | $42.0M | $78.8M | ||
| Q2 24 | $98.0M | $-63.5M | ||
| Q1 24 | $20.0M | $24.9M |
自由现金流率ASHBGC
| Q4 25 | 28.8% | 27.4% | ||
| Q3 25 | 1.3% | 22.1% | ||
| Q2 25 | 20.5% | 10.0% | ||
| Q1 25 | -2.5% | -0.8% | ||
| Q4 24 | -13.1% | 51.7% | ||
| Q3 24 | 8.1% | 17.5% | ||
| Q2 24 | 18.0% | -14.6% | ||
| Q1 24 | 3.5% | 5.5% |
资本支出强度ASHBGC
| Q4 25 | 3.6% | 0.8% | ||
| Q3 25 | 7.1% | 0.8% | ||
| Q2 25 | 4.3% | 1.0% | ||
| Q1 25 | 4.4% | 1.0% | ||
| Q4 24 | 5.7% | 1.3% | ||
| Q3 24 | 7.3% | 2.1% | ||
| Q2 24 | 5.3% | 2.4% | ||
| Q1 24 | 5.9% | 0.7% |
现金转化率ASHBGC
| Q4 25 | — | 12.55× | ||
| Q3 25 | 1.29× | 5.09× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | 0.29× | 0.02× | ||
| Q4 24 | — | 9.99× | ||
| Q3 24 | 4.71× | 5.99× | ||
| Q2 24 | 21.17× | -1.40× | ||
| Q1 24 | 0.45× | 0.57× |
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% |
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
