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亚什兰（ASH）与Dynatrace, Inc.（DT）财务数据对比。点击上方公司名可切换其他公司
Dynatrace, Inc.的季度营收约是亚什兰的1.3倍（$515.5M vs $386.0M），Dynatrace, Inc.净利率更高（7.8% vs -3.1%，领先10.9%），Dynatrace, Inc.同比增速更快（18.2% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $27.2M），过去两年Dynatrace, Inc.的营收复合增速更高（16.3% 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。
Dynatrace是总部位于美国的跨国科技企业，主打AI驱动的可观测性平台，旗下软件可用于应用性能监控分析、软件开发流程优化、网络安全防护、IT基础设施运维及用户体验提升等场景，为各行业客户的数字化运营提供有力技术支撑。
ASH vs DT — 直观对比
营收规模更大
DT
是对方的1.3倍
$386.0M
营收增速更快
DT
高出22.9%
-4.7%
净利率更高
DT
高出10.9%
-3.1%
自由现金流更多
ASH
多$83.8M
$27.2M
两年增速更快
DT
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $515.5M |
| 净利润 | $-12.0M | $40.1M |
| 毛利率 | 27.2% | 81.4% |
| 营业利润率 | -1.6% | 14.1% |
| 净利率 | -3.1% | 7.8% |
| 营收同比 | -4.7% | 18.2% |
| 净利润同比 | 92.7% | -88.9% |
| 每股收益（稀释后） | $-0.26 | $0.13 |
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ASHDT
| Q4 25 | $386.0M | $515.5M | ||
| Q3 25 | $477.0M | $493.8M | ||
| Q2 25 | $463.0M | $477.3M | ||
| Q1 25 | $479.0M | $445.2M | ||
| Q4 24 | $405.0M | $436.2M | ||
| Q3 24 | $521.0M | $418.1M | ||
| Q2 24 | $544.0M | $399.2M | ||
| Q1 24 | $575.0M | $380.8M |
净利润ASHDT
| Q4 25 | $-12.0M | $40.1M | ||
| Q3 25 | $31.0M | $57.2M | ||
| Q2 25 | $-742.0M | $48.0M | ||
| Q1 25 | $31.0M | $39.3M | ||
| Q4 24 | $-165.0M | $361.8M | ||
| Q3 24 | $17.0M | $44.0M | ||
| Q2 24 | $6.0M | $38.6M | ||
| Q1 24 | $120.0M | $37.9M |
毛利率ASHDT
| Q4 25 | 27.2% | 81.4% | ||
| Q3 25 | 33.3% | 81.8% | ||
| Q2 25 | 28.5% | 82.1% | ||
| Q1 25 | 30.7% | 80.9% | ||
| Q4 24 | 27.4% | 81.1% | ||
| Q3 24 | 33.2% | 81.4% | ||
| Q2 24 | 34.2% | 81.3% | ||
| Q1 24 | 28.0% | 81.1% |
营业利润率ASHDT
| Q4 25 | -1.6% | 14.1% | ||
| Q3 25 | 12.8% | 14.8% | ||
| Q2 25 | -152.9% | 13.1% | ||
| Q1 25 | 10.6% | 9.6% | ||
| Q4 24 | -44.2% | 10.9% | ||
| Q3 24 | 6.1% | 11.2% | ||
| Q2 24 | -11.2% | 10.5% | ||
| Q1 24 | 3.7% | 6.1% |
净利率ASHDT
| Q4 25 | -3.1% | 7.8% | ||
| Q3 25 | 6.5% | 11.6% | ||
| Q2 25 | -160.3% | 10.0% | ||
| Q1 25 | 6.5% | 8.8% | ||
| Q4 24 | -40.7% | 82.9% | ||
| Q3 24 | 3.3% | 10.5% | ||
| Q2 24 | 1.1% | 9.7% | ||
| Q1 24 | 20.9% | 10.0% |
每股收益（稀释后）ASHDT
| Q4 25 | $-0.26 | $0.13 | ||
| Q3 25 | $0.83 | $0.19 | ||
| Q2 25 | $-16.21 | $0.16 | ||
| Q1 25 | $0.65 | $0.12 | ||
| Q4 24 | $-3.50 | $1.19 | ||
| Q3 24 | $0.34 | $0.15 | ||
| Q2 24 | $0.12 | $0.13 | ||
| Q1 24 | $2.39 | $0.13 |
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 | $1.2B |
| 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 | $4.1B |
| 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ASHDT
| Q4 25 | $304.0M | $1.2B | ||
| Q3 25 | $215.0M | $1.3B | ||
| Q2 25 | $207.0M | $1.3B | ||
| Q1 25 | $168.0M | $1.1B | ||
| Q4 24 | $219.0M | $1.0B | ||
| Q3 24 | $300.0M | $1.0B | ||
| Q2 24 | $399.0M | $1.0B | ||
| Q1 24 | $439.0M | $836.9M |
总债务ASHDT
| 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ASHDT
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $1.9B | $2.8B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $2.6B | $2.6B | ||
| Q4 24 | $2.6B | $2.6B | ||
| Q3 24 | $2.9B | $2.1B | ||
| Q2 24 | $3.0B | $2.1B | ||
| Q1 24 | $3.1B | $2.0B |
总资产ASHDT
| Q4 25 | $4.5B | $4.1B | ||
| Q3 25 | $4.6B | $4.1B | ||
| Q2 25 | $4.6B | $4.1B | ||
| Q1 25 | $5.2B | $4.1B | ||
| Q4 24 | $5.2B | $3.7B | ||
| Q3 24 | $5.6B | $3.3B | ||
| Q2 24 | $5.7B | $3.3B | ||
| Q1 24 | $5.9B | $3.4B |
负债/权益比ASHDT
| 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 | $33.8M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $27.2M |
| 自由现金流率自由现金流/营收 | 28.8% | 5.3% |
| 资本支出强度资本支出/营收 | 3.6% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 0.84× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $465.5M |
8季度趋势，按日历期对齐
经营现金流ASHDT
| Q4 25 | $125.0M | $33.8M | ||
| Q3 25 | $40.0M | $32.0M | ||
| Q2 25 | $115.0M | $269.7M | ||
| Q1 25 | $9.0M | $162.8M | ||
| Q4 24 | $-30.0M | $42.2M | ||
| Q3 24 | $80.0M | $23.6M | ||
| Q2 24 | $127.0M | $230.7M | ||
| Q1 24 | $54.0M | $131.7M |
自由现金流ASHDT
| Q4 25 | $111.0M | $27.2M | ||
| Q3 25 | $6.0M | $27.8M | ||
| Q2 25 | $95.0M | $262.2M | ||
| Q1 25 | $-12.0M | $148.2M | ||
| Q4 24 | $-53.0M | $37.6M | ||
| Q3 24 | $42.0M | $20.1M | ||
| Q2 24 | $98.0M | $227.4M | ||
| Q1 24 | $20.0M | $121.9M |
自由现金流率ASHDT
| Q4 25 | 28.8% | 5.3% | ||
| Q3 25 | 1.3% | 5.6% | ||
| Q2 25 | 20.5% | 54.9% | ||
| Q1 25 | -2.5% | 33.3% | ||
| Q4 24 | -13.1% | 8.6% | ||
| Q3 24 | 8.1% | 4.8% | ||
| Q2 24 | 18.0% | 57.0% | ||
| Q1 24 | 3.5% | 32.0% |
资本支出强度ASHDT
| Q4 25 | 3.6% | 1.3% | ||
| Q3 25 | 7.1% | 0.8% | ||
| Q2 25 | 4.3% | 1.6% | ||
| Q1 25 | 4.4% | 3.3% | ||
| Q4 24 | 5.7% | 1.1% | ||
| Q3 24 | 7.3% | 0.8% | ||
| Q2 24 | 5.3% | 0.8% | ||
| Q1 24 | 5.9% | 2.6% |
现金转化率ASHDT
| Q4 25 | — | 0.84× | ||
| Q3 25 | 1.29× | 0.56× | ||
| Q2 25 | — | 5.62× | ||
| Q1 25 | 0.29× | 4.14× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | 4.71× | 0.54× | ||
| Q2 24 | 21.17× | 5.97× | ||
| Q1 24 | 0.45× | 3.47× |
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% |
DT
| Subscription And Circulation | $493.4M | 96% |
| Services | $22.1M | 4% |
