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亚什兰（ASH）与WARRIOR MET COAL, INC.（HCC）财务数据对比。点击上方公司名可切换其他公司
WARRIOR MET COAL, INC.的季度营收约是亚什兰的1.2倍（$458.6M vs $386.0M），WARRIOR MET COAL, INC.净利率更高（15.8% vs -3.1%，领先18.9%），WARRIOR MET COAL, INC.同比增速更快（52.1% vs -4.7%），过去两年WARRIOR MET COAL, INC.的营收复合增速更高（7.5% 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。
Warrior Met Coal（股票代码HCC）是总部位于美国的矿业企业，主营高品质冶金煤的开采与供应，其产品是钢铁制造的核心原材料，主要服务北美、欧洲、亚洲地区的钢铁生产商及工业客户。
ASH vs HCC — 直观对比
营收规模更大
HCC
是对方的1.2倍
$386.0M
营收增速更快
HCC
高出56.7%
-4.7%
净利率更高
HCC
高出18.9%
-3.1%
两年增速更快
HCC
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $458.6M |
| 净利润 | $-12.0M | $72.3M |
| 毛利率 | 27.2% | 36.7% |
| 营业利润率 | -1.6% | 17.3% |
| 净利率 | -3.1% | 15.8% |
| 营收同比 | -4.7% | 52.1% |
| 净利润同比 | 92.7% | — |
| 每股收益（稀释后） | $-0.26 | $1.37 |
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ASHHCC
| Q1 26 | — | $458.6M | ||
| Q4 25 | $386.0M | $384.0M | ||
| Q3 25 | $477.0M | $328.6M | ||
| Q2 25 | $463.0M | $297.5M | ||
| Q1 25 | $479.0M | $299.9M | ||
| Q4 24 | $405.0M | $297.5M | ||
| Q3 24 | $521.0M | $327.7M | ||
| Q2 24 | $544.0M | $396.5M |
净利润ASHHCC
| Q1 26 | — | $72.3M | ||
| Q4 25 | $-12.0M | $23.0M | ||
| Q3 25 | $31.0M | $36.6M | ||
| Q2 25 | $-742.0M | $5.6M | ||
| Q1 25 | $31.0M | $-8.2M | ||
| Q4 24 | $-165.0M | $1.1M | ||
| Q3 24 | $17.0M | $41.8M | ||
| Q2 24 | $6.0M | $70.7M |
毛利率ASHHCC
| Q1 26 | — | 36.7% | ||
| Q4 25 | 27.2% | 29.5% | ||
| Q3 25 | 33.3% | 27.1% | ||
| Q2 25 | 28.5% | 23.9% | ||
| Q1 25 | 30.7% | 18.1% | ||
| Q4 24 | 27.4% | 23.1% | ||
| Q3 24 | 33.2% | 29.3% | ||
| Q2 24 | 34.2% | 34.1% |
营业利润率ASHHCC
| Q1 26 | — | 17.3% | ||
| Q4 25 | -1.6% | 9.0% | ||
| Q3 25 | 12.8% | 6.3% | ||
| Q2 25 | -152.9% | 2.6% | ||
| Q1 25 | 10.6% | -5.8% | ||
| Q4 24 | -44.2% | -1.4% | ||
| Q3 24 | 6.1% | 11.9% | ||
| Q2 24 | -11.2% | 17.9% |
净利率ASHHCC
| Q1 26 | — | 15.8% | ||
| Q4 25 | -3.1% | 6.0% | ||
| Q3 25 | 6.5% | 11.1% | ||
| Q2 25 | -160.3% | 1.9% | ||
| Q1 25 | 6.5% | -2.7% | ||
| Q4 24 | -40.7% | 0.4% | ||
| Q3 24 | 3.3% | 12.7% | ||
| Q2 24 | 1.1% | 17.8% |
每股收益（稀释后）ASHHCC
| Q1 26 | — | $1.37 | ||
| Q4 25 | $-0.26 | $0.43 | ||
| Q3 25 | $0.83 | $0.70 | ||
| Q2 25 | $-16.21 | $0.11 | ||
| Q1 25 | $0.65 | $-0.16 | ||
| Q4 24 | $-3.50 | $0.02 | ||
| Q3 24 | $0.34 | $0.80 | ||
| Q2 24 | $0.12 | $1.35 |
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 | $233.2M |
| 总债务越低越好 | $1.4B | $154.4M |
| 股东权益账面价值 | $1.9B | — |
| 总资产 | $4.5B | $2.8B |
| 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ASHHCC
| Q1 26 | — | $233.2M | ||
| Q4 25 | $304.0M | $300.0M | ||
| Q3 25 | $215.0M | $336.3M | ||
| Q2 25 | $207.0M | $383.3M | ||
| Q1 25 | $168.0M | $454.9M | ||
| Q4 24 | $219.0M | $491.5M | ||
| Q3 24 | $300.0M | $583.2M | ||
| Q2 24 | $399.0M | $709.0M |
总债务ASHHCC
| Q1 26 | — | $154.4M | ||
| Q4 25 | $1.4B | $154.3M | ||
| Q3 25 | $1.4B | $154.1M | ||
| Q2 25 | $1.4B | $153.9M | ||
| Q1 25 | $1.3B | $153.8M | ||
| Q4 24 | $1.3B | $153.6M | ||
| Q3 24 | $1.3B | $153.5M | ||
| Q2 24 | $1.3B | $153.3M |
股东权益ASHHCC
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.6B | $2.1B | ||
| Q3 24 | $2.9B | $2.1B | ||
| Q2 24 | $3.0B | $2.0B |
总资产ASHHCC
| Q1 26 | — | $2.8B | ||
| Q4 25 | $4.5B | $2.8B | ||
| Q3 25 | $4.6B | $2.7B | ||
| Q2 25 | $4.6B | $2.6B | ||
| Q1 25 | $5.2B | $2.6B | ||
| Q4 24 | $5.2B | $2.6B | ||
| Q3 24 | $5.6B | $2.6B | ||
| Q2 24 | $5.7B | $2.6B |
负债/权益比ASHHCC
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 0.07× | ||
| Q3 25 | 0.73× | 0.07× | ||
| Q2 25 | 0.73× | 0.07× | ||
| Q1 25 | 0.52× | 0.07× | ||
| Q4 24 | 0.51× | 0.07× | ||
| Q3 24 | 0.47× | 0.07× | ||
| Q2 24 | 0.45× | 0.07× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $111.0M | — |
| 自由现金流率自由现金流/营收 | 28.8% | — |
| 资本支出强度资本支出/营收 | 3.6% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ASHHCC
| Q1 26 | — | — | ||
| Q4 25 | $125.0M | $76.1M | ||
| Q3 25 | $40.0M | $104.7M | ||
| Q2 25 | $115.0M | $37.5M | ||
| Q1 25 | $9.0M | $10.9M | ||
| Q4 24 | $-30.0M | $54.2M | ||
| Q3 24 | $80.0M | $62.2M | ||
| Q2 24 | $127.0M | $147.0M |
自由现金流ASHHCC
| Q1 26 | — | — | ||
| Q4 25 | $111.0M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $-53.0M | — | ||
| Q3 24 | $42.0M | — | ||
| Q2 24 | $98.0M | — |
自由现金流率ASHHCC
| Q1 26 | — | — | ||
| Q4 25 | 28.8% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | -2.5% | — | ||
| Q4 24 | -13.1% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 18.0% | — |
资本支出强度ASHHCC
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 5.3% | — |
现金转化率ASHHCC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.31× | ||
| Q3 25 | 1.29× | 2.86× | ||
| Q2 25 | — | 6.70× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | 47.68× | ||
| Q3 24 | 4.71× | 1.49× | ||
| Q2 24 | 21.17× | 2.08× |
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% |
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
