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亚什兰（ASH）与AMERICOLD REALTY TRUST（COLD）财务数据对比。点击上方公司名可切换其他公司
AMERICOLD REALTY TRUST的季度营收约是亚什兰的1.7倍（$643.1M vs $386.0M），亚什兰净利率更高（-3.1% vs -13.7%，领先10.6%），AMERICOLD REALTY TRUST同比增速更快（-0.7% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $-12.2M），过去两年AMERICOLD REALTY TRUST的营收复合增速更高（-0.6% 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。
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
ASH vs COLD — 直观对比
营收规模更大
COLD
是对方的1.7倍
$386.0M
营收增速更快
COLD
高出4.0%
-4.7%
净利率更高
ASH
高出10.6%
-13.7%
自由现金流更多
ASH
多$123.2M
$-12.2M
两年增速更快
COLD
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $643.1M |
| 净利润 | $-12.0M | $-88.3M |
| 毛利率 | 27.2% | 31.3% |
| 营业利润率 | -1.6% | -10.8% |
| 净利率 | -3.1% | -13.7% |
| 营收同比 | -4.7% | -0.7% |
| 净利润同比 | 92.7% | -143.9% |
| 每股收益（稀释后） | $-0.26 | $-0.31 |
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ASHCOLD
| Q4 25 | $386.0M | $643.1M | ||
| Q3 25 | $477.0M | $649.0M | ||
| Q2 25 | $463.0M | $635.1M | ||
| Q1 25 | $479.0M | $613.7M | ||
| Q4 24 | $405.0M | $647.4M | ||
| Q3 24 | $521.0M | $660.4M | ||
| Q2 24 | $544.0M | $645.6M | ||
| Q1 24 | $575.0M | $651.4M |
净利润ASHCOLD
| Q4 25 | $-12.0M | $-88.3M | ||
| Q3 25 | $31.0M | $-11.4M | ||
| Q2 25 | $-742.0M | $1.5M | ||
| Q1 25 | $31.0M | $-16.4M | ||
| Q4 24 | $-165.0M | $-36.2M | ||
| Q3 24 | $17.0M | $-3.7M | ||
| Q2 24 | $6.0M | $-64.1M | ||
| Q1 24 | $120.0M | $9.7M |
毛利率ASHCOLD
| Q4 25 | 27.2% | 31.3% | ||
| Q3 25 | 33.3% | 29.3% | ||
| Q2 25 | 28.5% | 30.9% | ||
| Q1 25 | 30.7% | 31.1% | ||
| Q4 24 | 27.4% | 29.7% | ||
| Q3 24 | 33.2% | 29.6% | ||
| Q2 24 | 34.2% | 31.0% | ||
| Q1 24 | 28.0% | 30.3% |
营业利润率ASHCOLD
| Q4 25 | -1.6% | -10.8% | ||
| Q3 25 | 12.8% | 2.6% | ||
| Q2 25 | -152.9% | 5.9% | ||
| Q1 25 | 10.6% | 3.6% | ||
| Q4 24 | -44.2% | -1.8% | ||
| Q3 24 | 6.1% | 4.6% | ||
| Q2 24 | -11.2% | 9.8% | ||
| Q1 24 | 3.7% | 6.4% |
净利率ASHCOLD
| Q4 25 | -3.1% | -13.7% | ||
| Q3 25 | 6.5% | -1.8% | ||
| Q2 25 | -160.3% | 0.2% | ||
| Q1 25 | 6.5% | -2.7% | ||
| Q4 24 | -40.7% | -5.6% | ||
| Q3 24 | 3.3% | -0.6% | ||
| Q2 24 | 1.1% | -9.9% | ||
| Q1 24 | 20.9% | 1.5% |
每股收益（稀释后）ASHCOLD
| Q4 25 | $-0.26 | $-0.31 | ||
| Q3 25 | $0.83 | $-0.04 | ||
| Q2 25 | $-16.21 | $0.01 | ||
| Q1 25 | $0.65 | $-0.06 | ||
| Q4 24 | $-3.50 | $-0.12 | ||
| Q3 24 | $0.34 | $-0.01 | ||
| Q2 24 | $0.12 | $-0.23 | ||
| Q1 24 | $2.39 | $0.03 |
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 | $136.9M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $2.9B |
| 总资产 | $4.5B | $8.1B |
| 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ASHCOLD
| Q4 25 | $304.0M | $136.9M | ||
| Q3 25 | $215.0M | $33.3M | ||
| Q2 25 | $207.0M | $101.4M | ||
| Q1 25 | $168.0M | $38.9M | ||
| Q4 24 | $219.0M | $47.7M | ||
| Q3 24 | $300.0M | $61.3M | ||
| Q2 24 | $399.0M | $44.2M | ||
| Q1 24 | $439.0M | $59.2M |
总债务ASHCOLD
| 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ASHCOLD
| Q4 25 | $1.9B | $2.9B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $1.9B | $3.1B | ||
| Q1 25 | $2.6B | $3.2B | ||
| Q4 24 | $2.6B | $3.3B | ||
| Q3 24 | $2.9B | $3.4B | ||
| Q2 24 | $3.0B | $3.4B | ||
| Q1 24 | $3.1B | $3.6B |
总资产ASHCOLD
| Q4 25 | $4.5B | $8.1B | ||
| Q3 25 | $4.6B | $8.1B | ||
| Q2 25 | $4.6B | $8.1B | ||
| Q1 25 | $5.2B | $7.8B | ||
| Q4 24 | $5.2B | $7.7B | ||
| Q3 24 | $5.6B | $7.9B | ||
| Q2 24 | $5.7B | $7.8B | ||
| Q1 24 | $5.9B | $7.8B |
负债/权益比ASHCOLD
| 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 | $130.2M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $-12.2M |
| 自由现金流率自由现金流/营收 | 28.8% | -1.9% |
| 资本支出强度资本支出/营收 | 3.6% | 22.1% |
| 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 | $-217.2M |
8季度趋势，按日历期对齐
经营现金流ASHCOLD
| Q4 25 | $125.0M | $130.2M | ||
| Q3 25 | $40.0M | $78.9M | ||
| Q2 25 | $115.0M | $120.3M | ||
| Q1 25 | $9.0M | $30.2M | ||
| Q4 24 | $-30.0M | $162.6M | ||
| Q3 24 | $80.0M | $50.6M | ||
| Q2 24 | $127.0M | $136.7M | ||
| Q1 24 | $54.0M | $62.0M |
自由现金流ASHCOLD
| Q4 25 | $111.0M | $-12.2M | ||
| Q3 25 | $6.0M | $-65.4M | ||
| Q2 25 | $95.0M | $-57.4M | ||
| Q1 25 | $-12.0M | $-82.3M | ||
| Q4 24 | $-53.0M | $57.4M | ||
| Q3 24 | $42.0M | $-44.5M | ||
| Q2 24 | $98.0M | $73.3M | ||
| Q1 24 | $20.0M | $16.2M |
自由现金流率ASHCOLD
| Q4 25 | 28.8% | -1.9% | ||
| Q3 25 | 1.3% | -10.1% | ||
| Q2 25 | 20.5% | -9.0% | ||
| Q1 25 | -2.5% | -13.4% | ||
| Q4 24 | -13.1% | 8.9% | ||
| Q3 24 | 8.1% | -6.7% | ||
| Q2 24 | 18.0% | 11.4% | ||
| Q1 24 | 3.5% | 2.5% |
资本支出强度ASHCOLD
| Q4 25 | 3.6% | 22.1% | ||
| Q3 25 | 7.1% | 22.2% | ||
| Q2 25 | 4.3% | 28.0% | ||
| Q1 25 | 4.4% | 18.3% | ||
| Q4 24 | 5.7% | 16.3% | ||
| Q3 24 | 7.3% | 14.4% | ||
| Q2 24 | 5.3% | 9.8% | ||
| Q1 24 | 5.9% | 7.0% |
现金转化率ASHCOLD
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | 78.18× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | — | ||
| Q2 24 | 21.17× | — | ||
| Q1 24 | 0.45× | 6.36× |
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% |
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
