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亚什兰（ASH）与CHOICE HOTELS INTERNATIONAL INC（CHH）财务数据对比。点击上方公司名可切换其他公司
CHOICE HOTELS INTERNATIONAL INC的季度营收约是亚什兰的1.0倍（$390.1M vs $386.0M），CHOICE HOTELS INTERNATIONAL INC净利率更高（16.3% vs -3.1%，领先19.4%），CHOICE HOTELS INTERNATIONAL INC同比增速更快（0.1% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $64.1M），过去两年CHOICE HOTELS INTERNATIONAL INC的营收复合增速更高（8.4% 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。
凯悦酒店国际集团（Choice Hotels International）是总部位于美国马里兰州北贝塞斯达的跨国酒店集团，为全球规模最大的酒店连锁企业之一，旗下拥有从高端到经济型的多元酒店品牌。截至2024年末，集团在全球46个国家和地区特许经营近7600家酒店，客房总数超65万间。
ASH vs CHH — 直观对比
营收规模更大
CHH
是对方的1.0倍
$386.0M
营收增速更快
CHH
高出4.8%
-4.7%
净利率更高
CHH
高出19.4%
-3.1%
自由现金流更多
ASH
多$46.9M
$64.1M
两年增速更快
CHH
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $390.1M |
| 净利润 | $-12.0M | $63.7M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | 26.0% |
| 净利率 | -3.1% | 16.3% |
| 营收同比 | -4.7% | 0.1% |
| 净利润同比 | 92.7% | -16.0% |
| 每股收益（稀释后） | $-0.26 | $1.35 |
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ASHCHH
| Q4 25 | $386.0M | $390.1M | ||
| Q3 25 | $477.0M | $447.3M | ||
| Q2 25 | $463.0M | $426.4M | ||
| Q1 25 | $479.0M | $332.9M | ||
| Q4 24 | $405.0M | $389.8M | ||
| Q3 24 | $521.0M | $428.0M | ||
| Q2 24 | $544.0M | $435.2M | ||
| Q1 24 | $575.0M | $331.9M |
净利润ASHCHH
| Q4 25 | $-12.0M | $63.7M | ||
| Q3 25 | $31.0M | $180.0M | ||
| Q2 25 | $-742.0M | $81.7M | ||
| Q1 25 | $31.0M | $44.5M | ||
| Q4 24 | $-165.0M | $75.8M | ||
| Q3 24 | $17.0M | $105.7M | ||
| Q2 24 | $6.0M | $87.1M | ||
| Q1 24 | $120.0M | $31.0M |
毛利率ASHCHH
| 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ASHCHH
| Q4 25 | -1.6% | 26.0% | ||
| Q3 25 | 12.8% | 31.8% | ||
| Q2 25 | -152.9% | 29.2% | ||
| Q1 25 | 10.6% | 24.0% | ||
| Q4 24 | -44.2% | 30.6% | ||
| Q3 24 | 6.1% | 35.5% | ||
| Q2 24 | -11.2% | 30.5% | ||
| Q1 24 | 3.7% | 18.1% |
净利率ASHCHH
| Q4 25 | -3.1% | 16.3% | ||
| Q3 25 | 6.5% | 40.2% | ||
| Q2 25 | -160.3% | 19.2% | ||
| Q1 25 | 6.5% | 13.4% | ||
| Q4 24 | -40.7% | 19.4% | ||
| Q3 24 | 3.3% | 24.7% | ||
| Q2 24 | 1.1% | 20.0% | ||
| Q1 24 | 20.9% | 9.3% |
每股收益（稀释后）ASHCHH
| Q4 25 | $-0.26 | $1.35 | ||
| Q3 25 | $0.83 | $3.86 | ||
| Q2 25 | $-16.21 | $1.75 | ||
| Q1 25 | $0.65 | $0.94 | ||
| Q4 24 | $-3.50 | $1.56 | ||
| Q3 24 | $0.34 | $2.22 | ||
| Q2 24 | $0.12 | $1.80 | ||
| Q1 24 | $2.39 | $0.62 |
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 | $45.0M |
| 总债务越低越好 | $1.4B | $1.9B |
| 股东权益账面价值 | $1.9B | $181.2M |
| 总资产 | $4.5B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.74× | 10.52× |
8季度趋势，按日历期对齐
现金及短期投资ASHCHH
| Q4 25 | $304.0M | $45.0M | ||
| Q3 25 | $215.0M | $52.6M | ||
| Q2 25 | $207.0M | $58.6M | ||
| Q1 25 | $168.0M | $40.1M | ||
| Q4 24 | $219.0M | $40.2M | ||
| Q3 24 | $300.0M | $58.6M | ||
| Q2 24 | $399.0M | $60.4M | ||
| Q1 24 | $439.0M | $42.1M |
总债务ASHCHH
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.3B | $1.9B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $1.3B | $1.7B |
股东权益ASHCHH
| Q4 25 | $1.9B | $181.2M | ||
| Q3 25 | $1.9B | $149.8M | ||
| Q2 25 | $1.9B | $-26.2M | ||
| Q1 25 | $2.6B | $-63.9M | ||
| Q4 24 | $2.6B | $-45.3M | ||
| Q3 24 | $2.9B | $-96.2M | ||
| Q2 24 | $3.0B | $-146.8M | ||
| Q1 24 | $3.1B | $6.7M |
总资产ASHCHH
| Q4 25 | $4.5B | $2.9B | ||
| Q3 25 | $4.6B | $2.9B | ||
| Q2 25 | $4.6B | $2.7B | ||
| Q1 25 | $5.2B | $2.6B | ||
| Q4 24 | $5.2B | $2.5B | ||
| Q3 24 | $5.6B | $2.5B | ||
| Q2 24 | $5.7B | $2.5B | ||
| Q1 24 | $5.9B | $2.5B |
负债/权益比ASHCHH
| Q4 25 | 0.74× | 10.52× | ||
| Q3 25 | 0.73× | 12.81× | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.42× | 252.00× |
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 | $85.7M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $64.1M |
| 自由现金流率自由现金流/营收 | 28.8% | 16.4% |
| 资本支出强度资本支出/营收 | 3.6% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 1.35× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $163.6M |
8季度趋势，按日历期对齐
经营现金流ASHCHH
| Q4 25 | $125.0M | $85.7M | ||
| Q3 25 | $40.0M | $68.7M | ||
| Q2 25 | $115.0M | $95.6M | ||
| Q1 25 | $9.0M | $20.5M | ||
| Q4 24 | $-30.0M | $82.9M | ||
| Q3 24 | $80.0M | $122.9M | ||
| Q2 24 | $127.0M | $111.9M | ||
| Q1 24 | $54.0M | $1.7M |
自由现金流ASHCHH
| Q4 25 | $111.0M | $64.1M | ||
| Q3 25 | $6.0M | $49.1M | ||
| Q2 25 | $95.0M | $65.4M | ||
| Q1 25 | $-12.0M | $-15.0M | ||
| Q4 24 | $-53.0M | $57.4M | ||
| Q3 24 | $42.0M | $92.6M | ||
| Q2 24 | $98.0M | $86.6M | ||
| Q1 24 | $20.0M | $-23.8M |
自由现金流率ASHCHH
| Q4 25 | 28.8% | 16.4% | ||
| Q3 25 | 1.3% | 11.0% | ||
| Q2 25 | 20.5% | 15.3% | ||
| Q1 25 | -2.5% | -4.5% | ||
| Q4 24 | -13.1% | 14.7% | ||
| Q3 24 | 8.1% | 21.6% | ||
| Q2 24 | 18.0% | 19.9% | ||
| Q1 24 | 3.5% | -7.2% |
资本支出强度ASHCHH
| Q4 25 | 3.6% | 5.5% | ||
| Q3 25 | 7.1% | 4.4% | ||
| Q2 25 | 4.3% | 7.1% | ||
| Q1 25 | 4.4% | 10.7% | ||
| Q4 24 | 5.7% | 6.5% | ||
| Q3 24 | 7.3% | 7.1% | ||
| Q2 24 | 5.3% | 5.8% | ||
| Q1 24 | 5.9% | 7.7% |
现金转化率ASHCHH
| Q4 25 | — | 1.35× | ||
| Q3 25 | 1.29× | 0.38× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | 0.29× | 0.46× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | 4.71× | 1.16× | ||
| Q2 24 | 21.17× | 1.28× | ||
| Q1 24 | 0.45× | 0.06× |
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% |
CHH
| Franchise And Management Fees | $157.3M | 40% |
| Revenue For Reimbursable Costs From Franchised And Managed Properties | $156.0M | 40% |
| Partnership Services And Fees | $32.5M | 8% |
| Owned Hotels | $30.1M | 8% |
| Other Revenue Topic606And Not Topic606 | $14.3M | 4% |
