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亚什兰（ASH）与DELUXE CORP（DLX）财务数据对比。点击上方公司名可切换其他公司
DELUXE CORP的季度营收约是亚什兰的1.4倍（$535.2M vs $386.0M），DELUXE CORP净利率更高（2.2% vs -3.1%，领先5.3%），DELUXE CORP同比增速更快（2.8% vs -4.7%），过去两年DELUXE CORP的营收复合增速更高（0.0% 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。
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
ASH vs DLX — 直观对比
营收规模更大
DLX
是对方的1.4倍
$386.0M
营收增速更快
DLX
高出7.5%
-4.7%
净利率更高
DLX
高出5.3%
-3.1%
两年增速更快
DLX
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $535.2M |
| 净利润 | $-12.0M | $12.0M |
| 毛利率 | 27.2% | 52.2% |
| 营业利润率 | -1.6% | 8.9% |
| 净利率 | -3.1% | 2.2% |
| 营收同比 | -4.7% | 2.8% |
| 净利润同比 | 92.7% | -5.0% |
| 每股收益（稀释后） | $-0.26 | $0.25 |
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ASHDLX
| Q4 25 | $386.0M | $535.2M | ||
| Q3 25 | $477.0M | $540.2M | ||
| Q2 25 | $463.0M | $521.3M | ||
| Q1 25 | $479.0M | $536.5M | ||
| Q4 24 | $405.0M | $520.6M | ||
| Q3 24 | $521.0M | $528.4M | ||
| Q2 24 | $544.0M | $537.8M | ||
| Q1 24 | $575.0M | $535.0M |
净利润ASHDLX
| Q4 25 | $-12.0M | $12.0M | ||
| Q3 25 | $31.0M | $33.7M | ||
| Q2 25 | $-742.0M | $22.4M | ||
| Q1 25 | $31.0M | $14.0M | ||
| Q4 24 | $-165.0M | $12.6M | ||
| Q3 24 | $17.0M | $8.9M | ||
| Q2 24 | $6.0M | $20.5M | ||
| Q1 24 | $120.0M | $10.8M |
毛利率ASHDLX
| Q4 25 | 27.2% | 52.2% | ||
| Q3 25 | 33.3% | 53.9% | ||
| Q2 25 | 28.5% | 53.6% | ||
| Q1 25 | 30.7% | 52.4% | ||
| Q4 24 | 27.4% | 52.3% | ||
| Q3 24 | 33.2% | 53.3% | ||
| Q2 24 | 34.2% | 53.7% | ||
| Q1 24 | 28.0% | 53.0% |
营业利润率ASHDLX
| Q4 25 | -1.6% | 8.9% | ||
| Q3 25 | 12.8% | 14.0% | ||
| Q2 25 | -152.9% | 11.7% | ||
| Q1 25 | 10.6% | 9.0% | ||
| Q4 24 | -44.2% | 9.0% | ||
| Q3 24 | 6.1% | 7.9% | ||
| Q2 24 | -11.2% | 11.0% | ||
| Q1 24 | 3.7% | 8.3% |
净利率ASHDLX
| Q4 25 | -3.1% | 2.2% | ||
| Q3 25 | 6.5% | 6.2% | ||
| Q2 25 | -160.3% | 4.3% | ||
| Q1 25 | 6.5% | 2.6% | ||
| Q4 24 | -40.7% | 2.4% | ||
| Q3 24 | 3.3% | 1.7% | ||
| Q2 24 | 1.1% | 3.8% | ||
| Q1 24 | 20.9% | 2.0% |
每股收益（稀释后）ASHDLX
| Q4 25 | $-0.26 | $0.25 | ||
| Q3 25 | $0.83 | $0.74 | ||
| Q2 25 | $-16.21 | $0.50 | ||
| Q1 25 | $0.65 | $0.31 | ||
| Q4 24 | $-3.50 | $0.28 | ||
| Q3 24 | $0.34 | $0.20 | ||
| Q2 24 | $0.12 | $0.46 | ||
| Q1 24 | $2.39 | $0.24 |
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 | $36.9M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $680.7M |
| 总资产 | $4.5B | $2.9B |
| 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ASHDLX
| Q4 25 | $304.0M | $36.9M | ||
| Q3 25 | $215.0M | $25.8M | ||
| Q2 25 | $207.0M | $26.0M | ||
| Q1 25 | $168.0M | $30.3M | ||
| Q4 24 | $219.0M | $34.4M | ||
| Q3 24 | $300.0M | $41.3M | ||
| Q2 24 | $399.0M | $23.1M | ||
| Q1 24 | $439.0M | $23.5M |
总债务ASHDLX
| 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ASHDLX
| Q4 25 | $1.9B | $680.7M | ||
| Q3 25 | $1.9B | $664.1M | ||
| Q2 25 | $1.9B | $638.7M | ||
| Q1 25 | $2.6B | $622.5M | ||
| Q4 24 | $2.6B | $620.9M | ||
| Q3 24 | $2.9B | $612.7M | ||
| Q2 24 | $3.0B | $620.5M | ||
| Q1 24 | $3.1B | $608.4M |
总资产ASHDLX
| Q4 25 | $4.5B | $2.9B | ||
| Q3 25 | $4.6B | $2.6B | ||
| Q2 25 | $4.6B | $2.5B | ||
| Q1 25 | $5.2B | $2.6B | ||
| Q4 24 | $5.2B | $2.8B | ||
| Q3 24 | $5.6B | $2.6B | ||
| Q2 24 | $5.7B | $2.7B | ||
| Q1 24 | $5.9B | $2.7B |
负债/权益比ASHDLX
| 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 | $102.1M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | — |
| 自由现金流率自由现金流/营收 | 28.8% | — |
| 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 | — | 8.53× |
| 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ASHDLX
| Q4 25 | $125.0M | $102.1M | ||
| Q3 25 | $40.0M | $67.1M | ||
| Q2 25 | $115.0M | $51.1M | ||
| Q1 25 | $9.0M | $50.3M | ||
| Q4 24 | $-30.0M | $60.2M | ||
| Q3 24 | $80.0M | $67.9M | ||
| Q2 24 | $127.0M | $39.6M | ||
| Q1 24 | $54.0M | $26.6M |
自由现金流ASHDLX
| Q4 25 | $111.0M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $95.0M | $27.8M | ||
| Q1 25 | $-12.0M | $24.3M | ||
| Q4 24 | $-53.0M | — | ||
| Q3 24 | $42.0M | $46.7M | ||
| Q2 24 | $98.0M | $11.4M | ||
| Q1 24 | $20.0M | $6.1M |
自由现金流率ASHDLX
| Q4 25 | 28.8% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 20.5% | 5.3% | ||
| Q1 25 | -2.5% | 4.5% | ||
| Q4 24 | -13.1% | — | ||
| Q3 24 | 8.1% | 8.8% | ||
| Q2 24 | 18.0% | 2.1% | ||
| Q1 24 | 3.5% | 1.1% |
资本支出强度ASHDLX
| Q4 25 | 3.6% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 4.3% | 4.5% | ||
| Q1 25 | 4.4% | 4.8% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 7.3% | 4.0% | ||
| Q2 24 | 5.3% | 5.2% | ||
| Q1 24 | 5.9% | 3.8% |
现金转化率ASHDLX
| Q4 25 | — | 8.53× | ||
| Q3 25 | 1.29× | 1.99× | ||
| Q2 25 | — | 2.28× | ||
| Q1 25 | 0.29× | 3.59× | ||
| Q4 24 | — | 4.77× | ||
| Q3 24 | 4.71× | 7.60× | ||
| Q2 24 | 21.17× | 1.94× | ||
| Q1 24 | 0.45× | 2.46× |
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% |
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
