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亚什兰（ASH）与Elastic N.V.（ESTC）财务数据对比。点击上方公司名可切换其他公司
Elastic N.V.的季度营收约是亚什兰的1.1倍（$423.5M vs $386.0M），亚什兰净利率更高（-3.1% vs -12.1%，领先9.0%），Elastic N.V.同比增速更快（15.9% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $26.0M），过去两年Elastic N.V.的营收复合增速更高（13.6% 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。
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
ASH vs ESTC — 直观对比
营收规模更大
ESTC
是对方的1.1倍
$386.0M
营收增速更快
ESTC
高出20.6%
-4.7%
净利率更高
ASH
高出9.0%
-12.1%
自由现金流更多
ASH
多$85.0M
$26.0M
两年增速更快
ESTC
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $423.5M |
| 净利润 | $-12.0M | $-51.3M |
| 毛利率 | 27.2% | 75.9% |
| 营业利润率 | -1.6% | -1.9% |
| 净利率 | -3.1% | -12.1% |
| 营收同比 | -4.7% | 15.9% |
| 净利润同比 | 92.7% | -101.5% |
| 每股收益（稀释后） | $-0.26 | $-0.48 |
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ASHESTC
| Q4 25 | $386.0M | $423.5M | ||
| Q3 25 | $477.0M | $415.3M | ||
| Q2 25 | $463.0M | $388.4M | ||
| Q1 25 | $479.0M | $382.1M | ||
| Q4 24 | $405.0M | $365.4M | ||
| Q3 24 | $521.0M | $347.4M | ||
| Q2 24 | $544.0M | $335.0M | ||
| Q1 24 | $575.0M | $328.0M |
净利润ASHESTC
| Q4 25 | $-12.0M | $-51.3M | ||
| Q3 25 | $31.0M | $-24.6M | ||
| Q2 25 | $-742.0M | $-16.4M | ||
| Q1 25 | $31.0M | $-17.1M | ||
| Q4 24 | $-165.0M | $-25.4M | ||
| Q3 24 | $17.0M | $-49.2M | ||
| Q2 24 | $6.0M | $-41.1M | ||
| Q1 24 | $120.0M | $176.1M |
毛利率ASHESTC
| Q4 25 | 27.2% | 75.9% | ||
| Q3 25 | 33.3% | 76.7% | ||
| Q2 25 | 28.5% | 74.8% | ||
| Q1 25 | 30.7% | 74.6% | ||
| Q4 24 | 27.4% | 74.5% | ||
| Q3 24 | 33.2% | 73.6% | ||
| Q2 24 | 34.2% | 73.8% | ||
| Q1 24 | 28.0% | 74.2% |
营业利润率ASHESTC
| Q4 25 | -1.6% | -1.9% | ||
| Q3 25 | 12.8% | -2.3% | ||
| Q2 25 | -152.9% | -3.1% | ||
| Q1 25 | 10.6% | -1.2% | ||
| Q4 24 | -44.2% | -1.2% | ||
| Q3 24 | 6.1% | -9.7% | ||
| Q2 24 | -11.2% | -13.6% | ||
| Q1 24 | 3.7% | -8.1% |
净利率ASHESTC
| Q4 25 | -3.1% | -12.1% | ||
| Q3 25 | 6.5% | -5.9% | ||
| Q2 25 | -160.3% | -4.2% | ||
| Q1 25 | 6.5% | -4.5% | ||
| Q4 24 | -40.7% | -7.0% | ||
| Q3 24 | 3.3% | -14.2% | ||
| Q2 24 | 1.1% | -12.3% | ||
| Q1 24 | 20.9% | 53.7% |
每股收益（稀释后）ASHESTC
| Q4 25 | $-0.26 | $-0.48 | ||
| Q3 25 | $0.83 | $-0.23 | ||
| Q2 25 | $-16.21 | $-0.15 | ||
| Q1 25 | $0.65 | $-0.16 | ||
| Q4 24 | $-3.50 | $-0.25 | ||
| Q3 24 | $0.34 | $-0.48 | ||
| Q2 24 | $0.12 | $-0.35 | ||
| Q1 24 | $2.39 | $1.69 |
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 | $1.4B |
| 总债务越低越好 | $1.4B | $570.3M |
| 股东权益账面价值 | $1.9B | $891.1M |
| 总资产 | $4.5B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ASHESTC
| Q4 25 | $304.0M | $1.4B | ||
| Q3 25 | $215.0M | $1.5B | ||
| Q2 25 | $207.0M | $1.4B | ||
| Q1 25 | $168.0M | $584.0M | ||
| Q4 24 | $219.0M | $658.5M | ||
| Q3 24 | $300.0M | $594.9M | ||
| Q2 24 | $399.0M | $1.1B | ||
| Q1 24 | $439.0M | $526.9M |
总债务ASHESTC
| Q4 25 | $1.4B | $570.3M | ||
| Q3 25 | $1.4B | $570.0M | ||
| Q2 25 | $1.4B | $569.7M | ||
| Q1 25 | $1.3B | $569.4M | ||
| Q4 24 | $1.3B | $569.2M | ||
| Q3 24 | $1.3B | $568.9M | ||
| Q2 24 | $1.3B | $568.6M | ||
| Q1 24 | $1.3B | $568.3M |
股东权益ASHESTC
| Q4 25 | $1.9B | $891.1M | ||
| Q3 25 | $1.9B | $971.4M | ||
| Q2 25 | $1.9B | $927.2M | ||
| Q1 25 | $2.6B | $859.1M | ||
| Q4 24 | $2.6B | $811.5M | ||
| Q3 24 | $2.9B | $759.4M | ||
| Q2 24 | $3.0B | $738.2M | ||
| Q1 24 | $3.1B | $707.8M |
总资产ASHESTC
| Q4 25 | $4.5B | $2.5B | ||
| Q3 25 | $4.6B | $2.5B | ||
| Q2 25 | $4.6B | $2.6B | ||
| Q1 25 | $5.2B | $2.3B | ||
| Q4 24 | $5.2B | $2.2B | ||
| Q3 24 | $5.6B | $2.2B | ||
| Q2 24 | $5.7B | $2.2B | ||
| Q1 24 | $5.9B | $2.1B |
负债/权益比ASHESTC
| Q4 25 | 0.74× | 0.64× | ||
| Q3 25 | 0.73× | 0.59× | ||
| Q2 25 | 0.73× | 0.61× | ||
| Q1 25 | 0.52× | 0.66× | ||
| Q4 24 | 0.51× | 0.70× | ||
| Q3 24 | 0.47× | 0.75× | ||
| Q2 24 | 0.45× | 0.77× | ||
| Q1 24 | 0.42× | 0.80× |
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 | $26.6M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $26.0M |
| 自由现金流率自由现金流/营收 | 28.8% | 6.1% |
| 资本支出强度资本支出/营收 | 3.6% | 0.1% |
| 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 | $302.3M |
8季度趋势，按日历期对齐
经营现金流ASHESTC
| Q4 25 | $125.0M | $26.6M | ||
| Q3 25 | $40.0M | $104.8M | ||
| Q2 25 | $115.0M | $87.0M | ||
| Q1 25 | $9.0M | $88.1M | ||
| Q4 24 | $-30.0M | $38.4M | ||
| Q3 24 | $80.0M | $52.8M | ||
| Q2 24 | $127.0M | $60.9M | ||
| Q1 24 | $54.0M | $52.4M |
自由现金流ASHESTC
| Q4 25 | $111.0M | $26.0M | ||
| Q3 25 | $6.0M | $104.2M | ||
| Q2 25 | $95.0M | $84.9M | ||
| Q1 25 | $-12.0M | $87.3M | ||
| Q4 24 | $-53.0M | $37.7M | ||
| Q3 24 | $42.0M | $52.0M | ||
| Q2 24 | $98.0M | $60.1M | ||
| Q1 24 | $20.0M | $51.3M |
自由现金流率ASHESTC
| Q4 25 | 28.8% | 6.1% | ||
| Q3 25 | 1.3% | 25.1% | ||
| Q2 25 | 20.5% | 21.8% | ||
| Q1 25 | -2.5% | 22.8% | ||
| Q4 24 | -13.1% | 10.3% | ||
| Q3 24 | 8.1% | 15.0% | ||
| Q2 24 | 18.0% | 17.9% | ||
| Q1 24 | 3.5% | 15.6% |
资本支出强度ASHESTC
| Q4 25 | 3.6% | 0.1% | ||
| Q3 25 | 7.1% | 0.2% | ||
| Q2 25 | 4.3% | 0.5% | ||
| Q1 25 | 4.4% | 0.2% | ||
| Q4 24 | 5.7% | 0.2% | ||
| Q3 24 | 7.3% | 0.2% | ||
| Q2 24 | 5.3% | 0.3% | ||
| Q1 24 | 5.9% | 0.3% |
现金转化率ASHESTC
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | — | ||
| Q2 24 | 21.17× | — | ||
| Q1 24 | 0.45× | 0.30× |
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% |
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
