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亚什兰（ASH）与COUSINS PROPERTIES INC（CUZ）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COUSINS PROPERTIES INC的1.5倍（$386.0M vs $255.0M），COUSINS PROPERTIES INC净利率更高（-1.4% vs -3.1%，领先1.7%），COUSINS PROPERTIES INC同比增速更快（13.2% vs -4.7%），COUSINS PROPERTIES INC自由现金流更多（$135.0M vs $111.0M），过去两年COUSINS PROPERTIES INC的营收复合增速更高（10.4% 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。
Cousins Properties是一家公开上市的房地产投资信托（REIT），专注于亚特兰大、夏洛特、奥斯汀、菲尼克斯、坦帕及北卡罗来纳州教堂山的写字楼资产投资。公司曾开发多个知名地标项目，包括亚特兰大的CNN中心、奥姆尼体育馆、桃树中心191号大厦以及埃默里角商业综合体。
ASH vs CUZ — 直观对比
营收规模更大
ASH
是对方的1.5倍
$255.0M
营收增速更快
CUZ
高出17.9%
-4.7%
净利率更高
CUZ
高出1.7%
-3.1%
自由现金流更多
CUZ
多$24.0M
$111.0M
两年增速更快
CUZ
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $255.0M |
| 净利润 | $-12.0M | $-3.5M |
| 毛利率 | 27.2% | 67.4% |
| 营业利润率 | -1.6% | 67.5% |
| 净利率 | -3.1% | -1.4% |
| 营收同比 | -4.7% | 13.2% |
| 净利润同比 | 92.7% | -125.4% |
| 每股收益（稀释后） | $-0.26 | $-0.02 |
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ASHCUZ
| Q4 25 | $386.0M | $255.0M | ||
| Q3 25 | $477.0M | $248.3M | ||
| Q2 25 | $463.0M | $240.1M | ||
| Q1 25 | $479.0M | $250.3M | ||
| Q4 24 | $405.0M | $225.3M | ||
| Q3 24 | $521.0M | $209.2M | ||
| Q2 24 | $544.0M | $213.0M | ||
| Q1 24 | $575.0M | $209.2M |
净利润ASHCUZ
| Q4 25 | $-12.0M | $-3.5M | ||
| Q3 25 | $31.0M | $8.6M | ||
| Q2 25 | $-742.0M | $14.5M | ||
| Q1 25 | $31.0M | $20.9M | ||
| Q4 24 | $-165.0M | $13.6M | ||
| Q3 24 | $17.0M | $11.2M | ||
| Q2 24 | $6.0M | $7.8M | ||
| Q1 24 | $120.0M | $13.3M |
毛利率ASHCUZ
| Q4 25 | 27.2% | 67.4% | ||
| Q3 25 | 33.3% | 67.8% | ||
| Q2 25 | 28.5% | 69.1% | ||
| Q1 25 | 30.7% | 69.2% | ||
| Q4 24 | 27.4% | 67.6% | ||
| Q3 24 | 33.2% | 68.5% | ||
| Q2 24 | 34.2% | 66.8% | ||
| Q1 24 | 28.0% | 66.0% |
营业利润率ASHCUZ
| Q4 25 | -1.6% | 67.5% | ||
| Q3 25 | 12.8% | 68.1% | ||
| Q2 25 | -152.9% | 69.4% | ||
| Q1 25 | 10.6% | 66.0% | ||
| Q4 24 | -44.2% | 65.8% | ||
| Q3 24 | 6.1% | 67.9% | ||
| Q2 24 | -11.2% | 66.4% | ||
| Q1 24 | 3.7% | 66.3% |
净利率ASHCUZ
| Q4 25 | -3.1% | -1.4% | ||
| Q3 25 | 6.5% | 3.5% | ||
| Q2 25 | -160.3% | 6.0% | ||
| Q1 25 | 6.5% | 8.3% | ||
| Q4 24 | -40.7% | 6.1% | ||
| Q3 24 | 3.3% | 5.4% | ||
| Q2 24 | 1.1% | 3.7% | ||
| Q1 24 | 20.9% | 6.4% |
每股收益（稀释后）ASHCUZ
| Q4 25 | $-0.26 | $-0.02 | ||
| Q3 25 | $0.83 | $0.05 | ||
| Q2 25 | $-16.21 | $0.09 | ||
| Q1 25 | $0.65 | $0.12 | ||
| Q4 24 | $-3.50 | $0.09 | ||
| Q3 24 | $0.34 | $0.07 | ||
| Q2 24 | $0.12 | $0.05 | ||
| Q1 24 | $2.39 | $0.09 |
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 | $5.7M |
| 总债务越低越好 | $1.4B | $3.3B |
| 股东权益账面价值 | $1.9B | $4.7B |
| 总资产 | $4.5B | $8.9B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.71× |
8季度趋势，按日历期对齐
现金及短期投资ASHCUZ
| Q4 25 | $304.0M | $5.7M | ||
| Q3 25 | $215.0M | $4.7M | ||
| Q2 25 | $207.0M | $416.8M | ||
| Q1 25 | $168.0M | $5.3M | ||
| Q4 24 | $219.0M | $7.3M | ||
| Q3 24 | $300.0M | $76.1M | ||
| Q2 24 | $399.0M | $6.0M | ||
| Q1 24 | $439.0M | $5.5M |
总债务ASHCUZ
| Q4 25 | $1.4B | $3.3B | ||
| Q3 25 | $1.4B | $3.3B | ||
| Q2 25 | $1.4B | $3.5B | ||
| Q1 25 | $1.3B | $3.0B | ||
| Q4 24 | $1.3B | $3.1B | ||
| Q3 24 | $1.3B | $2.7B | ||
| Q2 24 | $1.3B | $2.6B | ||
| Q1 24 | $1.3B | $2.6B |
股东权益ASHCUZ
| Q4 25 | $1.9B | $4.7B | ||
| Q3 25 | $1.9B | $4.7B | ||
| Q2 25 | $1.9B | $4.8B | ||
| Q1 25 | $2.6B | $4.8B | ||
| Q4 24 | $2.6B | $4.8B | ||
| Q3 24 | $2.9B | $4.4B | ||
| Q2 24 | $3.0B | $4.5B | ||
| Q1 24 | $3.1B | $4.5B |
总资产ASHCUZ
| Q4 25 | $4.5B | $8.9B | ||
| Q3 25 | $4.6B | $8.9B | ||
| Q2 25 | $4.6B | $9.1B | ||
| Q1 25 | $5.2B | $8.7B | ||
| Q4 24 | $5.2B | $8.8B | ||
| Q3 24 | $5.6B | $7.8B | ||
| Q2 24 | $5.7B | $7.7B | ||
| Q1 24 | $5.9B | $7.7B |
负债/权益比ASHCUZ
| Q4 25 | 0.74× | 0.71× | ||
| Q3 25 | 0.73× | 0.70× | ||
| Q2 25 | 0.73× | 0.73× | ||
| Q1 25 | 0.52× | 0.63× | ||
| Q4 24 | 0.51× | 0.64× | ||
| Q3 24 | 0.47× | 0.60× | ||
| Q2 24 | 0.45× | 0.58× | ||
| Q1 24 | 0.42× | 0.57× |
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 | $402.3M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $135.0M |
| 自由现金流率自由现金流/营收 | 28.8% | 53.0% |
| 资本支出强度资本支出/营收 | 3.6% | 104.8% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ASHCUZ
| Q4 25 | $125.0M | $402.3M | ||
| Q3 25 | $40.0M | $120.5M | ||
| Q2 25 | $115.0M | $122.6M | ||
| Q1 25 | $9.0M | $44.8M | ||
| Q4 24 | $-30.0M | $400.2M | ||
| Q3 24 | $80.0M | $117.4M | ||
| Q2 24 | $127.0M | $125.5M | ||
| Q1 24 | $54.0M | $28.3M |
自由现金流ASHCUZ
| Q4 25 | $111.0M | $135.0M | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $-53.0M | $147.5M | ||
| Q3 24 | $42.0M | — | ||
| Q2 24 | $98.0M | — | ||
| Q1 24 | $20.0M | — |
自由现金流率ASHCUZ
| Q4 25 | 28.8% | 53.0% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | -2.5% | — | ||
| Q4 24 | -13.1% | 65.5% | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 3.5% | — |
资本支出强度ASHCUZ
| Q4 25 | 3.6% | 104.8% | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.7% | 112.2% | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 5.9% | — |
现金转化率ASHCUZ
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | 14.03× | ||
| Q2 25 | — | 8.46× | ||
| Q1 25 | 0.29× | 2.14× | ||
| Q4 24 | — | 29.35× | ||
| Q3 24 | 4.71× | 10.48× | ||
| Q2 24 | 21.17× | 16.01× | ||
| Q1 24 | 0.45× | 2.13× |
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% |
CUZ
| Rental Properties | $253.3M | 99% |
| Fee And Other Revenue | $1.7M | 1% |
| Other | $1.2M | 0% |
