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亚什兰（ASH）与FEDERAL SIGNAL CORP（FSS）财务数据对比。点击上方公司名可切换其他公司
FEDERAL SIGNAL CORP的季度营收约是亚什兰的1.5倍（$597.1M vs $386.0M），FEDERAL SIGNAL CORP净利率更高（10.2% vs -3.1%，领先13.3%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $89.5M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% 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。
联邦信号公司是20世纪早期的美国企业，主营铁路信号设备的制造业务，总部坐落于美国纽约州奥尔巴尼市，其生产的相关信号产品在当时的美国轨道交通行业得到了广泛应用，具备一定的行业知名度。
ASH vs FSS — 直观对比
营收规模更大
FSS
是对方的1.5倍
$386.0M
营收增速更快
FSS
高出31.2%
-4.7%
净利率更高
FSS
高出13.3%
-3.1%
自由现金流更多
ASH
多$21.5M
$89.5M
两年增速更快
FSS
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $597.1M |
| 净利润 | $-12.0M | $60.8M |
| 毛利率 | 27.2% | 28.4% |
| 营业利润率 | -1.6% | 14.0% |
| 净利率 | -3.1% | 10.2% |
| 营收同比 | -4.7% | 26.5% |
| 净利润同比 | 92.7% | 21.6% |
| 每股收益（稀释后） | $-0.26 | $0.99 |
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ASHFSS
| Q4 25 | $386.0M | $597.1M | ||
| Q3 25 | $477.0M | $555.0M | ||
| Q2 25 | $463.0M | $564.6M | ||
| Q1 25 | $479.0M | $463.8M | ||
| Q4 24 | $405.0M | $472.0M | ||
| Q3 24 | $521.0M | $474.2M | ||
| Q2 24 | $544.0M | $490.4M | ||
| Q1 24 | $575.0M | $424.9M |
净利润ASHFSS
| Q4 25 | $-12.0M | $60.8M | ||
| Q3 25 | $31.0M | $68.1M | ||
| Q2 25 | $-742.0M | $71.4M | ||
| Q1 25 | $31.0M | $46.3M | ||
| Q4 24 | $-165.0M | $50.0M | ||
| Q3 24 | $17.0M | $53.9M | ||
| Q2 24 | $6.0M | $60.8M | ||
| Q1 24 | $120.0M | $51.6M |
毛利率ASHFSS
| Q4 25 | 27.2% | 28.4% | ||
| Q3 25 | 33.3% | 29.1% | ||
| Q2 25 | 28.5% | 30.0% | ||
| Q1 25 | 30.7% | 28.2% | ||
| Q4 24 | 27.4% | 28.1% | ||
| Q3 24 | 33.2% | 29.6% | ||
| Q2 24 | 34.2% | 29.4% | ||
| Q1 24 | 28.0% | 27.3% |
营业利润率ASHFSS
| Q4 25 | -1.6% | 14.0% | ||
| Q3 25 | 12.8% | 16.9% | ||
| Q2 25 | -152.9% | 17.3% | ||
| Q1 25 | 10.6% | 14.2% | ||
| Q4 24 | -44.2% | 14.9% | ||
| Q3 24 | 6.1% | 16.0% | ||
| Q2 24 | -11.2% | 16.5% | ||
| Q1 24 | 3.7% | 12.8% |
净利率ASHFSS
| Q4 25 | -3.1% | 10.2% | ||
| Q3 25 | 6.5% | 12.3% | ||
| Q2 25 | -160.3% | 12.6% | ||
| Q1 25 | 6.5% | 10.0% | ||
| Q4 24 | -40.7% | 10.6% | ||
| Q3 24 | 3.3% | 11.4% | ||
| Q2 24 | 1.1% | 12.4% | ||
| Q1 24 | 20.9% | 12.1% |
每股收益（稀释后）ASHFSS
| Q4 25 | $-0.26 | $0.99 | ||
| Q3 25 | $0.83 | $1.11 | ||
| Q2 25 | $-16.21 | $1.16 | ||
| Q1 25 | $0.65 | $0.75 | ||
| Q4 24 | $-3.50 | $0.80 | ||
| Q3 24 | $0.34 | $0.87 | ||
| Q2 24 | $0.12 | $0.99 | ||
| Q1 24 | $2.39 | $0.84 |
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 | $63.7M |
| 总债务越低越好 | $1.4B | $564.6M |
| 股东权益账面价值 | $1.9B | $1.4B |
| 总资产 | $4.5B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资ASHFSS
| Q4 25 | $304.0M | $63.7M | ||
| Q3 25 | $215.0M | $54.4M | ||
| Q2 25 | $207.0M | $64.7M | ||
| Q1 25 | $168.0M | $57.5M | ||
| Q4 24 | $219.0M | $91.1M | ||
| Q3 24 | $300.0M | $73.7M | ||
| Q2 24 | $399.0M | $48.6M | ||
| Q1 24 | $439.0M | $48.9M |
总债务ASHFSS
| Q4 25 | $1.4B | $564.6M | ||
| Q3 25 | $1.4B | $201.2M | ||
| Q2 25 | $1.4B | $258.3M | ||
| Q1 25 | $1.3B | $266.9M | ||
| Q4 24 | $1.3B | $204.4M | ||
| Q3 24 | $1.3B | $223.3M | ||
| Q2 24 | $1.3B | $248.8M | ||
| Q1 24 | $1.3B | $266.8M |
股东权益ASHFSS
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.6B | $1.2B | ||
| Q3 24 | $2.9B | $1.1B | ||
| Q2 24 | $3.0B | $1.1B | ||
| Q1 24 | $3.1B | $1.0B |
总资产ASHFSS
| Q4 25 | $4.5B | $2.4B | ||
| Q3 25 | $4.6B | $1.9B | ||
| Q2 25 | $4.6B | $1.9B | ||
| Q1 25 | $5.2B | $1.9B | ||
| Q4 24 | $5.2B | $1.8B | ||
| Q3 24 | $5.6B | $1.7B | ||
| Q2 24 | $5.7B | $1.7B | ||
| Q1 24 | $5.9B | $1.7B |
负债/权益比ASHFSS
| Q4 25 | 0.74× | 0.41× | ||
| Q3 25 | 0.73× | 0.15× | ||
| Q2 25 | 0.73× | 0.20× | ||
| Q1 25 | 0.52× | 0.22× | ||
| Q4 24 | 0.51× | 0.17× | ||
| Q3 24 | 0.47× | 0.19× | ||
| Q2 24 | 0.45× | 0.23× | ||
| Q1 24 | 0.42× | 0.26× |
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 | $97.2M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $89.5M |
| 自由现金流率自由现金流/营收 | 28.8% | 15.0% |
| 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 | — | 1.60× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $227.1M |
8季度趋势，按日历期对齐
经营现金流ASHFSS
| Q4 25 | $125.0M | $97.2M | ||
| Q3 25 | $40.0M | $61.1M | ||
| Q2 25 | $115.0M | $59.7M | ||
| Q1 25 | $9.0M | $36.7M | ||
| Q4 24 | $-30.0M | $90.6M | ||
| Q3 24 | $80.0M | $68.8M | ||
| Q2 24 | $127.0M | $40.6M | ||
| Q1 24 | $54.0M | $31.3M |
自由现金流ASHFSS
| Q4 25 | $111.0M | $89.5M | ||
| Q3 25 | $6.0M | $54.1M | ||
| Q2 25 | $95.0M | $52.4M | ||
| Q1 25 | $-12.0M | $31.1M | ||
| Q4 24 | $-53.0M | $82.1M | ||
| Q3 24 | $42.0M | $60.9M | ||
| Q2 24 | $98.0M | $24.8M | ||
| Q1 24 | $20.0M | $22.9M |
自由现金流率ASHFSS
| Q4 25 | 28.8% | 15.0% | ||
| Q3 25 | 1.3% | 9.7% | ||
| Q2 25 | 20.5% | 9.3% | ||
| Q1 25 | -2.5% | 6.7% | ||
| Q4 24 | -13.1% | 17.4% | ||
| Q3 24 | 8.1% | 12.8% | ||
| Q2 24 | 18.0% | 5.1% | ||
| Q1 24 | 3.5% | 5.4% |
资本支出强度ASHFSS
| Q4 25 | 3.6% | 1.3% | ||
| Q3 25 | 7.1% | 1.3% | ||
| Q2 25 | 4.3% | 1.3% | ||
| Q1 25 | 4.4% | 1.2% | ||
| Q4 24 | 5.7% | 1.8% | ||
| Q3 24 | 7.3% | 1.7% | ||
| Q2 24 | 5.3% | 3.2% | ||
| Q1 24 | 5.9% | 2.0% |
现金转化率ASHFSS
| Q4 25 | — | 1.60× | ||
| Q3 25 | 1.29× | 0.90× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | 0.29× | 0.79× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 4.71× | 1.28× | ||
| Q2 24 | 21.17× | 0.67× | ||
| Q1 24 | 0.45× | 0.61× |
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% |
FSS
| Vehiclesandequipment | $403.4M | 68% |
| Parts | $66.8M | 11% |
| Publicsafetyandsecurityequipment | $62.2M | 10% |
| Rentalincome | $19.0M | 3% |
| Industrialsignalingequipment | $18.2M | 3% |
| Other | $14.9M | 2% |
| Warningsystems | $12.6M | 2% |
