vs
亚什兰（ASH）与B&G Foods, Inc.（BGS）财务数据对比。点击上方公司名可切换其他公司
B&G Foods, Inc.的季度营收约是亚什兰的1.1倍（$439.3M vs $386.0M），亚什兰净利率更高（-3.1% vs -4.4%，领先1.2%），亚什兰同比增速更快（-4.7% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $-70.7M），过去两年B&G Foods, Inc.的营收复合增速更高（-12.8% 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。
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
ASH vs BGS — 直观对比
营收规模更大
BGS
是对方的1.1倍
$386.0M
营收增速更快
ASH
高出0.0%
-4.7%
净利率更高
ASH
高出1.2%
-4.4%
自由现金流更多
ASH
多$181.7M
$-70.7M
两年增速更快
BGS
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $439.3M |
| 净利润 | $-12.0M | $-19.1M |
| 毛利率 | 27.2% | 22.5% |
| 营业利润率 | -1.6% | 2.5% |
| 净利率 | -3.1% | -4.4% |
| 营收同比 | -4.7% | -4.7% |
| 净利润同比 | 92.7% | -356.5% |
| 每股收益（稀释后） | $-0.26 | $-0.24 |
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ASHBGS
| Q4 25 | $386.0M | — | ||
| Q3 25 | $477.0M | $439.3M | ||
| Q2 25 | $463.0M | $424.4M | ||
| Q1 25 | $479.0M | $425.4M | ||
| Q4 24 | $405.0M | $551.6M | ||
| Q3 24 | $521.0M | $461.1M | ||
| Q2 24 | $544.0M | $444.6M | ||
| Q1 24 | $575.0M | $475.2M |
净利润ASHBGS
| Q4 25 | $-12.0M | — | ||
| Q3 25 | $31.0M | $-19.1M | ||
| Q2 25 | $-742.0M | $-9.8M | ||
| Q1 25 | $31.0M | $835.0K | ||
| Q4 24 | $-165.0M | $-222.4M | ||
| Q3 24 | $17.0M | $7.5M | ||
| Q2 24 | $6.0M | $3.9M | ||
| Q1 24 | $120.0M | $-40.2M |
毛利率ASHBGS
| Q4 25 | 27.2% | — | ||
| Q3 25 | 33.3% | 22.5% | ||
| Q2 25 | 28.5% | 20.5% | ||
| Q1 25 | 30.7% | 21.2% | ||
| Q4 24 | 27.4% | 21.5% | ||
| Q3 24 | 33.2% | 22.2% | ||
| Q2 24 | 34.2% | 20.7% | ||
| Q1 24 | 28.0% | 22.9% |
营业利润率ASHBGS
| Q4 25 | -1.6% | — | ||
| Q3 25 | 12.8% | 2.5% | ||
| Q2 25 | -152.9% | 5.2% | ||
| Q1 25 | 10.6% | 8.4% | ||
| Q4 24 | -44.2% | -46.6% | ||
| Q3 24 | 6.1% | 11.1% | ||
| Q2 24 | -11.2% | 9.9% | ||
| Q1 24 | 3.7% | -3.3% |
净利率ASHBGS
| Q4 25 | -3.1% | — | ||
| Q3 25 | 6.5% | -4.4% | ||
| Q2 25 | -160.3% | -2.3% | ||
| Q1 25 | 6.5% | 0.2% | ||
| Q4 24 | -40.7% | -40.3% | ||
| Q3 24 | 3.3% | 1.6% | ||
| Q2 24 | 1.1% | 0.9% | ||
| Q1 24 | 20.9% | -8.5% |
每股收益（稀释后）ASHBGS
| Q4 25 | $-0.26 | — | ||
| Q3 25 | $0.83 | $-0.24 | ||
| Q2 25 | $-16.21 | $-0.12 | ||
| Q1 25 | $0.65 | $0.01 | ||
| Q4 24 | $-3.50 | $-2.81 | ||
| Q3 24 | $0.34 | $0.09 | ||
| Q2 24 | $0.12 | $0.05 | ||
| Q1 24 | $2.39 | $-0.51 |
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 | $60.9M |
| 总债务越低越好 | $1.4B | $2.0B |
| 股东权益账面价值 | $1.9B | $470.7M |
| 总资产 | $4.5B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.74× | 4.30× |
8季度趋势，按日历期对齐
现金及短期投资ASHBGS
| Q4 25 | $304.0M | — | ||
| Q3 25 | $215.0M | $60.9M | ||
| Q2 25 | $207.0M | $54.1M | ||
| Q1 25 | $168.0M | $61.2M | ||
| Q4 24 | $219.0M | $50.6M | ||
| Q3 24 | $300.0M | $54.7M | ||
| Q2 24 | $399.0M | $40.3M | ||
| Q1 24 | $439.0M | $42.5M |
总债务ASHBGS
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $2.0B | ||
| Q1 24 | $1.3B | $2.0B |
股东权益ASHBGS
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $470.7M | ||
| Q2 25 | $1.9B | $501.4M | ||
| Q1 25 | $2.6B | $513.1M | ||
| Q4 24 | $2.6B | $524.8M | ||
| Q3 24 | $2.9B | $755.3M | ||
| Q2 24 | $3.0B | $765.0M | ||
| Q1 24 | $3.1B | $781.2M |
总资产ASHBGS
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.6B | $2.9B | ||
| Q2 25 | $4.6B | $2.9B | ||
| Q1 25 | $5.2B | $3.0B | ||
| Q4 24 | $5.2B | $3.0B | ||
| Q3 24 | $5.6B | $3.4B | ||
| Q2 24 | $5.7B | $3.4B | ||
| Q1 24 | $5.9B | $3.4B |
负债/权益比ASHBGS
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | 4.30× | ||
| Q2 25 | 0.73× | 3.97× | ||
| Q1 25 | 0.52× | 3.91× | ||
| Q4 24 | 0.51× | 3.85× | ||
| Q3 24 | 0.47× | 2.75× | ||
| Q2 24 | 0.45× | 2.67× | ||
| Q1 24 | 0.42× | 2.61× |
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 | $-64.6M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $-70.7M |
| 自由现金流率自由现金流/营收 | 28.8% | -16.1% |
| 资本支出强度资本支出/营收 | 3.6% | 1.4% |
| 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 | $54.8M |
8季度趋势，按日历期对齐
经营现金流ASHBGS
| Q4 25 | $125.0M | — | ||
| Q3 25 | $40.0M | $-64.6M | ||
| Q2 25 | $115.0M | $17.8M | ||
| Q1 25 | $9.0M | $52.7M | ||
| Q4 24 | $-30.0M | $80.3M | ||
| Q3 24 | $80.0M | $4.2M | ||
| Q2 24 | $127.0M | $11.3M | ||
| Q1 24 | $54.0M | $35.1M |
自由现金流ASHBGS
| Q4 25 | $111.0M | — | ||
| Q3 25 | $6.0M | $-70.7M | ||
| Q2 25 | $95.0M | $11.5M | ||
| Q1 25 | $-12.0M | $42.4M | ||
| Q4 24 | $-53.0M | $71.7M | ||
| Q3 24 | $42.0M | $-679.0K | ||
| Q2 24 | $98.0M | $5.2M | ||
| Q1 24 | $20.0M | $27.5M |
自由现金流率ASHBGS
| Q4 25 | 28.8% | — | ||
| Q3 25 | 1.3% | -16.1% | ||
| Q2 25 | 20.5% | 2.7% | ||
| Q1 25 | -2.5% | 10.0% | ||
| Q4 24 | -13.1% | 13.0% | ||
| Q3 24 | 8.1% | -0.1% | ||
| Q2 24 | 18.0% | 1.2% | ||
| Q1 24 | 3.5% | 5.8% |
资本支出强度ASHBGS
| Q4 25 | 3.6% | — | ||
| Q3 25 | 7.1% | 1.4% | ||
| Q2 25 | 4.3% | 1.5% | ||
| Q1 25 | 4.4% | 2.4% | ||
| Q4 24 | 5.7% | 1.6% | ||
| Q3 24 | 7.3% | 1.0% | ||
| Q2 24 | 5.3% | 1.4% | ||
| Q1 24 | 5.9% | 1.6% |
现金转化率ASHBGS
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.29× | 63.17× | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | 0.56× | ||
| Q2 24 | 21.17× | 2.87× | ||
| Q1 24 | 0.45× | — |
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% |
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
