vs
亚什兰（ASH）与BLACKBAUD INC（BLKB）财务数据对比。点击上方公司名可切换其他公司
亚什兰的季度营收约是BLACKBAUD INC的1.4倍（$386.0M vs $281.1M），BLACKBAUD INC净利率更高（11.1% vs -3.1%，领先14.2%），BLACKBAUD INC同比增速更快（4.2% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $37.0M），过去两年BLACKBAUD INC的营收复合增速更高（-1.1% 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。
Blackbaud是全球知名的云服务提供商，专注为非营利组织、基金会、企业、教育机构、医疗机构、宗教团体及个人公益推动者提供技术支持，旗下产品覆盖筹款、网站管理、客户关系管理、数据分析、财务管理、票务系统、教育管理等多元场景。
ASH vs BLKB — 直观对比
营收规模更大
ASH
是对方的1.4倍
$281.1M
营收增速更快
BLKB
高出8.8%
-4.7%
净利率更高
BLKB
高出14.2%
-3.1%
自由现金流更多
ASH
多$74.0M
$37.0M
两年增速更快
BLKB
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $281.1M |
| 净利润 | $-12.0M | $31.1M |
| 毛利率 | 27.2% | 59.2% |
| 营业利润率 | -1.6% | 18.3% |
| 净利率 | -3.1% | 11.1% |
| 营收同比 | -4.7% | 4.2% |
| 净利润同比 | 92.7% | 620.3% |
| 每股收益（稀释后） | $-0.26 | $0.67 |
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ASHBLKB
| Q1 26 | — | $281.1M | ||
| Q4 25 | $386.0M | $295.3M | ||
| Q3 25 | $477.0M | $281.1M | ||
| Q2 25 | $463.0M | $282.0M | ||
| Q1 25 | $479.0M | $269.9M | ||
| Q4 24 | $405.0M | $302.1M | ||
| Q3 24 | $521.0M | $286.6M | ||
| Q2 24 | $544.0M | $287.3M |
净利润ASHBLKB
| Q1 26 | — | $31.1M | ||
| Q4 25 | $-12.0M | $36.7M | ||
| Q3 25 | $31.0M | $47.5M | ||
| Q2 25 | $-742.0M | $26.5M | ||
| Q1 25 | $31.0M | $4.3M | ||
| Q4 24 | $-165.0M | $-346.4M | ||
| Q3 24 | $17.0M | $18.3M | ||
| Q2 24 | $6.0M | $21.2M |
毛利率ASHBLKB
| Q1 26 | — | 59.2% | ||
| Q4 25 | 27.2% | 58.3% | ||
| Q3 25 | 33.3% | 59.6% | ||
| Q2 25 | 28.5% | 59.7% | ||
| Q1 25 | 30.7% | 57.5% | ||
| Q4 24 | 27.4% | 53.8% | ||
| Q3 24 | 33.2% | 54.9% | ||
| Q2 24 | 34.2% | 56.0% |
营业利润率ASHBLKB
| Q1 26 | — | 18.3% | ||
| Q4 25 | -1.6% | 20.0% | ||
| Q3 25 | 12.8% | 19.4% | ||
| Q2 25 | -152.9% | 20.3% | ||
| Q1 25 | 10.6% | 7.3% | ||
| Q4 24 | -44.2% | -121.5% | ||
| Q3 24 | 6.1% | 14.4% | ||
| Q2 24 | -11.2% | 14.4% |
净利率ASHBLKB
| Q1 26 | — | 11.1% | ||
| Q4 25 | -3.1% | 12.4% | ||
| Q3 25 | 6.5% | 16.9% | ||
| Q2 25 | -160.3% | 9.4% | ||
| Q1 25 | 6.5% | 1.6% | ||
| Q4 24 | -40.7% | -114.6% | ||
| Q3 24 | 3.3% | 6.4% | ||
| Q2 24 | 1.1% | 7.4% |
每股收益（稀释后）ASHBLKB
| Q1 26 | — | $0.67 | ||
| Q4 25 | $-0.26 | $0.75 | ||
| Q3 25 | $0.83 | $0.98 | ||
| Q2 25 | $-16.21 | $0.55 | ||
| Q1 25 | $0.65 | $0.09 | ||
| Q4 24 | $-3.50 | $-6.82 | ||
| Q3 24 | $0.34 | $0.35 | ||
| Q2 24 | $0.12 | $0.41 |
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 | $34.1M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $34.6M |
| 总资产 | $4.5B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资ASHBLKB
| Q1 26 | — | $34.1M | ||
| Q4 25 | $304.0M | $38.9M | ||
| Q3 25 | $215.0M | $38.3M | ||
| Q2 25 | $207.0M | $41.6M | ||
| Q1 25 | $168.0M | $37.2M | ||
| Q4 24 | $219.0M | $67.6M | ||
| Q3 24 | $300.0M | $34.6M | ||
| Q2 24 | $399.0M | $30.4M |
总债务ASHBLKB
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $1.0B |
股东权益ASHBLKB
| Q1 26 | — | $34.6M | ||
| Q4 25 | $1.9B | $85.1M | ||
| Q3 25 | $1.9B | $108.2M | ||
| Q2 25 | $1.9B | $72.7M | ||
| Q1 25 | $2.6B | $17.5M | ||
| Q4 24 | $2.6B | $126.8M | ||
| Q3 24 | $2.9B | $544.8M | ||
| Q2 24 | $3.0B | $577.5M |
总资产ASHBLKB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.5B | $2.4B | ||
| Q3 25 | $4.6B | $2.1B | ||
| Q2 25 | $4.6B | $2.6B | ||
| Q1 25 | $5.2B | $2.1B | ||
| Q4 24 | $5.2B | $2.5B | ||
| Q3 24 | $5.6B | $2.6B | ||
| Q2 24 | $5.7B | $3.0B |
负债/权益比ASHBLKB
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 13.06× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.51× | 8.50× | ||
| Q3 24 | 0.47× | 1.84× | ||
| Q2 24 | 0.45× | 1.78× |
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 | $51.5M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $37.0M |
| 自由现金流率自由现金流/营收 | 28.8% | 13.2% |
| 资本支出强度资本支出/营收 | 3.6% | — |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $294.1M |
8季度趋势，按日历期对齐
经营现金流ASHBLKB
| Q1 26 | — | $51.5M | ||
| Q4 25 | $125.0M | $58.0M | ||
| Q3 25 | $40.0M | $139.2M | ||
| Q2 25 | $115.0M | $66.9M | ||
| Q1 25 | $9.0M | $1.4M | ||
| Q4 24 | $-30.0M | $73.6M | ||
| Q3 24 | $80.0M | $104.0M | ||
| Q2 24 | $127.0M | $53.1M |
自由现金流ASHBLKB
| Q1 26 | — | $37.0M | ||
| Q4 25 | $111.0M | $55.0M | ||
| Q3 25 | $6.0M | $135.7M | ||
| Q2 25 | $95.0M | $66.3M | ||
| Q1 25 | $-12.0M | $712.0K | ||
| Q4 24 | $-53.0M | $73.4M | ||
| Q3 24 | $42.0M | $102.9M | ||
| Q2 24 | $98.0M | $48.0M |
自由现金流率ASHBLKB
| Q1 26 | — | 13.2% | ||
| Q4 25 | 28.8% | 18.6% | ||
| Q3 25 | 1.3% | 48.3% | ||
| Q2 25 | 20.5% | 23.5% | ||
| Q1 25 | -2.5% | 0.3% | ||
| Q4 24 | -13.1% | 24.3% | ||
| Q3 24 | 8.1% | 35.9% | ||
| Q2 24 | 18.0% | 16.7% |
资本支出强度ASHBLKB
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 1.0% | ||
| Q3 25 | 7.1% | 1.2% | ||
| Q2 25 | 4.3% | 0.2% | ||
| Q1 25 | 4.4% | 0.3% | ||
| Q4 24 | 5.7% | 0.1% | ||
| Q3 24 | 7.3% | 0.4% | ||
| Q2 24 | 5.3% | 1.8% |
现金转化率ASHBLKB
| Q1 26 | — | 1.65× | ||
| Q4 25 | — | 1.58× | ||
| Q3 25 | 1.29× | 2.93× | ||
| Q2 25 | — | 2.53× | ||
| Q1 25 | 0.29× | 0.32× | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | 5.69× | ||
| Q2 24 | 21.17× | 2.50× |
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% |
BLKB
暂无分部数据
