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亚什兰（ASH）与Gitlab Inc.（GTLB）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Gitlab Inc.的1.6倍（$386.0M vs $244.4M），亚什兰净利率更高（-3.1% vs -3.4%，领先0.3%），Gitlab Inc.同比增速更快（24.6% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $28.4M），过去两年Gitlab Inc.的营收复合增速更高（22.1% 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。
GitLab Inc.是一家美国企业，开发并运营同名开放核心架构DevOps软件平台，覆盖软件开发、安全防护、运维运营全流程。产品基于Git分布式版本控制技术搭建，还为各项目提供访问控制、缺陷追踪、需求管理、任务调度、项目知识库、代码片段分享等全栈协作功能。
ASH vs GTLB — 直观对比
营收规模更大
ASH
是对方的1.6倍
$244.4M
营收增速更快
GTLB
高出29.3%
-4.7%
净利率更高
ASH
高出0.3%
-3.4%
自由现金流更多
ASH
多$82.6M
$28.4M
两年增速更快
GTLB
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $244.4M |
| 净利润 | $-12.0M | $-8.3M |
| 毛利率 | 27.2% | 86.8% |
| 营业利润率 | -1.6% | -5.1% |
| 净利率 | -3.1% | -3.4% |
| 营收同比 | -4.7% | 24.6% |
| 净利润同比 | 92.7% | -128.0% |
| 每股收益（稀释后） | $-0.26 | $-0.05 |
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ASHGTLB
| Q4 25 | $386.0M | $244.4M | ||
| Q3 25 | $477.0M | $236.0M | ||
| Q2 25 | $463.0M | $214.5M | ||
| Q1 25 | $479.0M | $211.4M | ||
| Q4 24 | $405.0M | $196.0M | ||
| Q3 24 | $521.0M | $182.6M | ||
| Q2 24 | $544.0M | $169.2M | ||
| Q1 24 | $575.0M | $163.8M |
净利润ASHGTLB
| Q4 25 | $-12.0M | $-8.3M | ||
| Q3 25 | $31.0M | $-9.2M | ||
| Q2 25 | $-742.0M | $-35.9M | ||
| Q1 25 | $31.0M | $5.8M | ||
| Q4 24 | $-165.0M | $29.6M | ||
| Q3 24 | $17.0M | $12.9M | ||
| Q2 24 | $6.0M | $-54.6M | ||
| Q1 24 | $120.0M | $-36.5M |
毛利率ASHGTLB
| Q4 25 | 27.2% | 86.8% | ||
| Q3 25 | 33.3% | 87.9% | ||
| Q2 25 | 28.5% | 88.3% | ||
| Q1 25 | 30.7% | 89.2% | ||
| Q4 24 | 27.4% | 88.7% | ||
| Q3 24 | 33.2% | 88.3% | ||
| Q2 24 | 34.2% | 88.9% | ||
| Q1 24 | 28.0% | 90.2% |
营业利润率ASHGTLB
| Q4 25 | -1.6% | -5.1% | ||
| Q3 25 | 12.8% | -7.8% | ||
| Q2 25 | -152.9% | -16.1% | ||
| Q1 25 | 10.6% | -9.1% | ||
| Q4 24 | -44.2% | -14.7% | ||
| Q3 24 | 6.1% | -22.5% | ||
| Q2 24 | -11.2% | -31.7% | ||
| Q1 24 | 3.7% | -21.3% |
净利率ASHGTLB
| Q4 25 | -3.1% | -3.4% | ||
| Q3 25 | 6.5% | -3.9% | ||
| Q2 25 | -160.3% | -16.7% | ||
| Q1 25 | 6.5% | 2.7% | ||
| Q4 24 | -40.7% | 15.1% | ||
| Q3 24 | 3.3% | 7.1% | ||
| Q2 24 | 1.1% | -32.3% | ||
| Q1 24 | 20.9% | -22.3% |
每股收益（稀释后）ASHGTLB
| Q4 25 | $-0.26 | $-0.05 | ||
| Q3 25 | $0.83 | $-0.06 | ||
| Q2 25 | $-16.21 | $-0.22 | ||
| Q1 25 | $0.65 | $0.05 | ||
| Q4 24 | $-3.50 | $0.18 | ||
| Q3 24 | $0.34 | $0.08 | ||
| Q2 24 | $0.12 | $-0.35 | ||
| Q1 24 | $2.39 | $-0.23 |
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 | $224.2M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $922.7M |
| 总资产 | $4.5B | $1.6B |
| 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ASHGTLB
| Q4 25 | $304.0M | $224.2M | ||
| Q3 25 | $215.0M | $261.4M | ||
| Q2 25 | $207.0M | $255.7M | ||
| Q1 25 | $168.0M | $227.6M | ||
| Q4 24 | $219.0M | $176.6M | ||
| Q3 24 | $300.0M | $438.6M | ||
| Q2 24 | $399.0M | $420.3M | ||
| Q1 24 | $439.0M | $288.0M |
总债务ASHGTLB
| 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ASHGTLB
| Q4 25 | $1.9B | $922.7M | ||
| Q3 25 | $1.9B | $866.6M | ||
| Q2 25 | $1.9B | $808.3M | ||
| Q1 25 | $2.6B | $775.9M | ||
| Q4 24 | $2.6B | $724.7M | ||
| Q3 24 | $2.9B | $642.8M | ||
| Q2 24 | $3.0B | $567.8M | ||
| Q1 24 | $3.1B | $571.2M |
总资产ASHGTLB
| Q4 25 | $4.5B | $1.6B | ||
| Q3 25 | $4.6B | $1.5B | ||
| Q2 25 | $4.6B | $1.4B | ||
| Q1 25 | $5.2B | $1.4B | ||
| Q4 24 | $5.2B | $1.3B | ||
| Q3 24 | $5.6B | $1.4B | ||
| Q2 24 | $5.7B | $1.3B | ||
| Q1 24 | $5.9B | $1.3B |
负债/权益比ASHGTLB
| 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 | $31.4M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $28.4M |
| 自由现金流率自由现金流/营收 | 28.8% | 11.6% |
| 资本支出强度资本支出/营收 | 3.6% | 1.2% |
| 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 | $242.3M |
8季度趋势，按日历期对齐
经营现金流ASHGTLB
| Q4 25 | $125.0M | $31.4M | ||
| Q3 25 | $40.0M | $49.4M | ||
| Q2 25 | $115.0M | $106.3M | ||
| Q1 25 | $9.0M | $63.2M | ||
| Q4 24 | $-30.0M | $-177.0M | ||
| Q3 24 | $80.0M | $11.7M | ||
| Q2 24 | $127.0M | $38.1M | ||
| Q1 24 | $54.0M | $24.9M |
自由现金流ASHGTLB
| Q4 25 | $111.0M | $28.4M | ||
| Q3 25 | $6.0M | $46.5M | ||
| Q2 25 | $95.0M | $105.4M | ||
| Q1 25 | $-12.0M | $62.1M | ||
| Q4 24 | $-53.0M | $-178.1M | ||
| Q3 24 | $42.0M | $10.8M | ||
| Q2 24 | $98.0M | $37.4M | ||
| Q1 24 | $20.0M | $24.5M |
自由现金流率ASHGTLB
| Q4 25 | 28.8% | 11.6% | ||
| Q3 25 | 1.3% | 19.7% | ||
| Q2 25 | 20.5% | 49.1% | ||
| Q1 25 | -2.5% | 29.4% | ||
| Q4 24 | -13.1% | -90.8% | ||
| Q3 24 | 8.1% | 5.9% | ||
| Q2 24 | 18.0% | 22.1% | ||
| Q1 24 | 3.5% | 15.0% |
资本支出强度ASHGTLB
| Q4 25 | 3.6% | 1.2% | ||
| Q3 25 | 7.1% | 1.2% | ||
| Q2 25 | 4.3% | 0.4% | ||
| Q1 25 | 4.4% | 0.5% | ||
| Q4 24 | 5.7% | 0.5% | ||
| Q3 24 | 7.3% | 0.5% | ||
| Q2 24 | 5.3% | 0.4% | ||
| Q1 24 | 5.9% | 0.2% |
现金转化率ASHGTLB
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.29× | 10.89× | ||
| Q4 24 | — | -5.99× | ||
| Q3 24 | 4.71× | 0.90× | ||
| Q2 24 | 21.17× | — | ||
| Q1 24 | 0.45× | — |
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% |
GTLB
| Subscription And Circulation | $146.4M | 60% |
| Subscription Software As A Service | $76.9M | 31% |
| License | $15.5M | 6% |
| Professional Services And Other | $5.6M | 2% |
