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亚什兰（ASH）与Ecovyst Inc.（ECVT）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Ecovyst Inc.的1.9倍（$386.0M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $22.9M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% 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。
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
ASH vs ECVT — 直观对比
营收规模更大
ASH
是对方的1.9倍
$199.4M
营收增速更快
ECVT
高出38.7%
-4.7%
自由现金流更多
ASH
多$88.1M
$22.9M
两年增速更快
ECVT
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $199.4M |
| 净利润 | $-12.0M | — |
| 毛利率 | 27.2% | 23.4% |
| 营业利润率 | -1.6% | 10.9% |
| 净利率 | -3.1% | — |
| 营收同比 | -4.7% | 34.0% |
| 净利润同比 | 92.7% | — |
| 每股收益（稀释后） | $-0.26 | $0.06 |
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ASHECVT
| Q4 25 | $386.0M | $199.4M | ||
| Q3 25 | $477.0M | $204.9M | ||
| Q2 25 | $463.0M | $176.1M | ||
| Q1 25 | $479.0M | $143.1M | ||
| Q4 24 | $405.0M | $148.9M | ||
| Q3 24 | $521.0M | $153.9M | ||
| Q2 24 | $544.0M | $154.0M | ||
| Q1 24 | $575.0M | $141.6M |
净利润ASHECVT
| Q4 25 | $-12.0M | — | ||
| Q3 25 | $31.0M | $-79.3M | ||
| Q2 25 | $-742.0M | $6.0M | ||
| Q1 25 | $31.0M | $-3.6M | ||
| Q4 24 | $-165.0M | — | ||
| Q3 24 | $17.0M | $14.3M | ||
| Q2 24 | $6.0M | $8.3M | ||
| Q1 24 | $120.0M | $1.2M |
毛利率ASHECVT
| Q4 25 | 27.2% | 23.4% | ||
| Q3 25 | 33.3% | 25.4% | ||
| Q2 25 | 28.5% | 22.8% | ||
| Q1 25 | 30.7% | 13.3% | ||
| Q4 24 | 27.4% | 28.9% | ||
| Q3 24 | 33.2% | 29.3% | ||
| Q2 24 | 34.2% | 27.3% | ||
| Q1 24 | 28.0% | 23.5% |
营业利润率ASHECVT
| Q4 25 | -1.6% | 10.9% | ||
| Q3 25 | 12.8% | 13.8% | ||
| Q2 25 | -152.9% | 9.0% | ||
| Q1 25 | 10.6% | -0.7% | ||
| Q4 24 | -44.2% | 15.1% | ||
| Q3 24 | 6.1% | 17.9% | ||
| Q2 24 | -11.2% | 14.1% | ||
| Q1 24 | 3.7% | 9.5% |
净利率ASHECVT
| Q4 25 | -3.1% | — | ||
| Q3 25 | 6.5% | -38.7% | ||
| Q2 25 | -160.3% | 3.4% | ||
| Q1 25 | 6.5% | -2.5% | ||
| Q4 24 | -40.7% | — | ||
| Q3 24 | 3.3% | 9.3% | ||
| Q2 24 | 1.1% | 5.4% | ||
| Q1 24 | 20.9% | 0.9% |
每股收益（稀释后）ASHECVT
| Q4 25 | $-0.26 | $0.06 | ||
| Q3 25 | $0.83 | $-0.69 | ||
| Q2 25 | $-16.21 | $0.05 | ||
| Q1 25 | $0.65 | $-0.03 | ||
| Q4 24 | $-3.50 | $-0.26 | ||
| Q3 24 | $0.34 | $0.12 | ||
| Q2 24 | $0.12 | $0.07 | ||
| Q1 24 | $2.39 | $0.01 |
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 | $197.2M |
| 总债务越低越好 | $1.4B | $392.6M |
| 股东权益账面价值 | $1.9B | $603.4M |
| 总资产 | $4.5B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资ASHECVT
| Q4 25 | $304.0M | $197.2M | ||
| Q3 25 | $215.0M | $82.0M | ||
| Q2 25 | $207.0M | $69.6M | ||
| Q1 25 | $168.0M | $127.5M | ||
| Q4 24 | $219.0M | $131.4M | ||
| Q3 24 | $300.0M | $123.5M | ||
| Q2 24 | $399.0M | $83.3M | ||
| Q1 24 | $439.0M | $103.1M |
总债务ASHECVT
| Q4 25 | $1.4B | $392.6M | ||
| Q3 25 | $1.4B | $854.8M | ||
| Q2 25 | $1.4B | $856.6M | ||
| Q1 25 | $1.3B | $859.0M | ||
| Q4 24 | $1.3B | $860.8M | ||
| Q3 24 | $1.3B | $862.7M | ||
| Q2 24 | $1.3B | $862.4M | ||
| Q1 24 | $1.3B | $866.2M |
股东权益ASHECVT
| Q4 25 | $1.9B | $603.4M | ||
| Q3 25 | $1.9B | $607.9M | ||
| Q2 25 | $1.9B | $692.4M | ||
| Q1 25 | $2.6B | $698.7M | ||
| Q4 24 | $2.6B | $700.5M | ||
| Q3 24 | $2.9B | $729.4M | ||
| Q2 24 | $3.0B | $717.3M | ||
| Q1 24 | $3.1B | $711.4M |
总资产ASHECVT
| Q4 25 | $4.5B | $1.3B | ||
| Q3 25 | $4.6B | $1.7B | ||
| Q2 25 | $4.6B | $1.8B | ||
| Q1 25 | $5.2B | $1.8B | ||
| Q4 24 | $5.2B | $1.8B | ||
| Q3 24 | $5.6B | $1.8B | ||
| Q2 24 | $5.7B | $1.8B | ||
| Q1 24 | $5.9B | $1.8B |
负债/权益比ASHECVT
| Q4 25 | 0.74× | 0.65× | ||
| Q3 25 | 0.73× | 1.41× | ||
| Q2 25 | 0.73× | 1.24× | ||
| Q1 25 | 0.52× | 1.23× | ||
| Q4 24 | 0.51× | 1.23× | ||
| Q3 24 | 0.47× | 1.18× | ||
| Q2 24 | 0.45× | 1.20× | ||
| Q1 24 | 0.42× | 1.22× |
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 | $41.8M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $22.9M |
| 自由现金流率自由现金流/营收 | 28.8% | 11.5% |
| 资本支出强度资本支出/营收 | 3.6% | 9.4% |
| 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 | $69.9M |
8季度趋势，按日历期对齐
经营现金流ASHECVT
| Q4 25 | $125.0M | $41.8M | ||
| Q3 25 | $40.0M | $55.3M | ||
| Q2 25 | $115.0M | $33.0M | ||
| Q1 25 | $9.0M | $10.3M | ||
| Q4 24 | $-30.0M | $43.5M | ||
| Q3 24 | $80.0M | $59.9M | ||
| Q2 24 | $127.0M | $10.0M | ||
| Q1 24 | $54.0M | $36.5M |
自由现金流ASHECVT
| Q4 25 | $111.0M | $22.9M | ||
| Q3 25 | $6.0M | $53.2M | ||
| Q2 25 | $95.0M | $7.8M | ||
| Q1 25 | $-12.0M | $-14.0M | ||
| Q4 24 | $-53.0M | $30.9M | ||
| Q3 24 | $42.0M | $53.6M | ||
| Q2 24 | $98.0M | $-9.3M | ||
| Q1 24 | $20.0M | $19.1M |
自由现金流率ASHECVT
| Q4 25 | 28.8% | 11.5% | ||
| Q3 25 | 1.3% | 26.0% | ||
| Q2 25 | 20.5% | 4.4% | ||
| Q1 25 | -2.5% | -9.8% | ||
| Q4 24 | -13.1% | 20.7% | ||
| Q3 24 | 8.1% | 34.9% | ||
| Q2 24 | 18.0% | -6.1% | ||
| Q1 24 | 3.5% | 13.5% |
资本支出强度ASHECVT
| Q4 25 | 3.6% | 9.4% | ||
| Q3 25 | 7.1% | 1.0% | ||
| Q2 25 | 4.3% | 14.4% | ||
| Q1 25 | 4.4% | 16.9% | ||
| Q4 24 | 5.7% | 8.5% | ||
| Q3 24 | 7.3% | 4.1% | ||
| Q2 24 | 5.3% | 12.5% | ||
| Q1 24 | 5.9% | 12.3% |
现金转化率ASHECVT
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | 5.52× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | 4.21× | ||
| Q2 24 | 21.17× | 1.20× | ||
| Q1 24 | 0.45× | 29.90× |
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% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
