vs
亚什兰（ASH）与CAL-MAINE FOODS INC（CALM）财务数据对比。点击上方公司名可切换其他公司
CAL-MAINE FOODS INC的季度营收约是亚什兰的2.0倍（$769.5M vs $386.0M），CAL-MAINE FOODS INC净利率更高（13.4% vs -3.1%，领先16.5%），亚什兰同比增速更快（-4.7% vs -19.4%），亚什兰自由现金流更多（$111.0M vs $47.9M），过去两年CAL-MAINE FOODS INC的营收复合增速更高（29.4% 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。
卡尔梅恩食品公司是总部位于美国密西西比州里奇兰的鲜蛋生产商，截至2024年是美国规模最大的蛋品企业。公司旗下拥有Egg-Land's Best、Land O'Lakes等多个知名蛋品品牌，1957年由弗雷德·R·亚当斯二世创立，亚当斯家族持有企业控股权，目前在纳斯达克挂牌上市。
ASH vs CALM — 直观对比
营收规模更大
CALM
是对方的2.0倍
$386.0M
营收增速更快
ASH
高出14.7%
-19.4%
净利率更高
CALM
高出16.5%
-3.1%
自由现金流更多
ASH
多$63.1M
$47.9M
两年增速更快
CALM
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $769.5M |
| 净利润 | $-12.0M | $102.8M |
| 毛利率 | 27.2% | 27.0% |
| 营业利润率 | -1.6% | 16.1% |
| 净利率 | -3.1% | 13.4% |
| 营收同比 | -4.7% | -19.4% |
| 净利润同比 | 92.7% | -53.1% |
| 每股收益（稀释后） | $-0.26 | $2.13 |
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ASHCALM
| Q4 25 | $386.0M | $769.5M | ||
| Q3 25 | $477.0M | $922.6M | ||
| Q2 25 | $463.0M | — | ||
| Q1 25 | $479.0M | $1.4B | ||
| Q4 24 | $405.0M | $954.7M | ||
| Q3 24 | $521.0M | $785.9M | ||
| Q2 24 | $544.0M | — | ||
| Q1 24 | $575.0M | $703.1M |
净利润ASHCALM
| Q4 25 | $-12.0M | $102.8M | ||
| Q3 25 | $31.0M | $199.3M | ||
| Q2 25 | $-742.0M | — | ||
| Q1 25 | $31.0M | $508.5M | ||
| Q4 24 | $-165.0M | $219.1M | ||
| Q3 24 | $17.0M | $150.0M | ||
| Q2 24 | $6.0M | — | ||
| Q1 24 | $120.0M | $146.7M |
毛利率ASHCALM
| Q4 25 | 27.2% | 27.0% | ||
| Q3 25 | 33.3% | 33.7% | ||
| Q2 25 | 28.5% | — | ||
| Q1 25 | 30.7% | 50.5% | ||
| Q4 24 | 27.4% | 37.3% | ||
| Q3 24 | 33.2% | 31.5% | ||
| Q2 24 | 34.2% | — | ||
| Q1 24 | 28.0% | 31.1% |
营业利润率ASHCALM
| Q4 25 | -1.6% | 16.1% | ||
| Q3 25 | 12.8% | 27.0% | ||
| Q2 25 | -152.9% | — | ||
| Q1 25 | 10.6% | 44.8% | ||
| Q4 24 | -44.2% | 29.1% | ||
| Q3 24 | 6.1% | 23.8% | ||
| Q2 24 | -11.2% | — | ||
| Q1 24 | 3.7% | 23.2% |
净利率ASHCALM
| Q4 25 | -3.1% | 13.4% | ||
| Q3 25 | 6.5% | 21.6% | ||
| Q2 25 | -160.3% | — | ||
| Q1 25 | 6.5% | 35.9% | ||
| Q4 24 | -40.7% | 22.9% | ||
| Q3 24 | 3.3% | 19.1% | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 20.9% | 20.9% |
每股收益（稀释后）ASHCALM
| Q4 25 | $-0.26 | $2.13 | ||
| Q3 25 | $0.83 | $4.12 | ||
| Q2 25 | $-16.21 | — | ||
| Q1 25 | $0.65 | $10.38 | ||
| Q4 24 | $-3.50 | $4.47 | ||
| Q3 24 | $0.34 | $3.06 | ||
| Q2 24 | $0.12 | — | ||
| Q1 24 | $2.39 | $3.00 |
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 | $369.4M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $2.7B |
| 总资产 | $4.5B | $3.1B |
| 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ASHCALM
| Q4 25 | $304.0M | $369.4M | ||
| Q3 25 | $215.0M | $251.9M | ||
| Q2 25 | $207.0M | — | ||
| Q1 25 | $168.0M | $497.2M | ||
| Q4 24 | $219.0M | $140.3M | ||
| Q3 24 | $300.0M | $181.7M | ||
| Q2 24 | $399.0M | — | ||
| Q1 24 | $439.0M | $367.1M |
总债务ASHCALM
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
股东权益ASHCALM
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $1.9B | $2.7B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $2.9B | $1.9B | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.1B | $1.7B |
总资产ASHCALM
| Q4 25 | $4.5B | $3.1B | ||
| Q3 25 | $4.6B | $3.2B | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $5.2B | $3.1B | ||
| Q4 24 | $5.2B | $2.5B | ||
| Q3 24 | $5.6B | $2.4B | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.9B | $2.1B |
负债/权益比ASHCALM
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.42× | — |
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 | $94.8M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $47.9M |
| 自由现金流率自由现金流/营收 | 28.8% | 6.2% |
| 资本支出强度资本支出/营收 | 3.6% | 6.1% |
| 现金转化率经营现金流/净利润 | — | 0.92× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $895.9M |
8季度趋势，按日历期对齐
经营现金流ASHCALM
| Q4 25 | $125.0M | $94.8M | ||
| Q3 25 | $40.0M | $278.6M | ||
| Q2 25 | $115.0M | — | ||
| Q1 25 | $9.0M | $571.6M | ||
| Q4 24 | $-30.0M | $122.7M | ||
| Q3 24 | $80.0M | $117.5M | ||
| Q2 24 | $127.0M | — | ||
| Q1 24 | $54.0M | $164.0M |
自由现金流ASHCALM
| Q4 25 | $111.0M | $47.9M | ||
| Q3 25 | $6.0M | $233.3M | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-12.0M | $521.8M | ||
| Q4 24 | $-53.0M | $92.9M | ||
| Q3 24 | $42.0M | $81.7M | ||
| Q2 24 | $98.0M | — | ||
| Q1 24 | $20.0M | $133.8M |
自由现金流率ASHCALM
| Q4 25 | 28.8% | 6.2% | ||
| Q3 25 | 1.3% | 25.3% | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | -2.5% | 36.8% | ||
| Q4 24 | -13.1% | 9.7% | ||
| Q3 24 | 8.1% | 10.4% | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 3.5% | 19.0% |
资本支出强度ASHCALM
| Q4 25 | 3.6% | 6.1% | ||
| Q3 25 | 7.1% | 4.9% | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.4% | 3.5% | ||
| Q4 24 | 5.7% | 3.1% | ||
| Q3 24 | 7.3% | 4.6% | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 5.9% | 4.3% |
现金转化率ASHCALM
| Q4 25 | — | 0.92× | ||
| Q3 25 | 1.29× | 1.40× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.29× | 1.12× | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | 4.71× | 0.78× | ||
| Q2 24 | 21.17× | — | ||
| Q1 24 | 0.45× | 1.12× |
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% |
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
