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亚什兰（ASH）与IAC Inc.（IAC）财务数据对比。点击上方公司名可切换其他公司
IAC Inc.的季度营收约是亚什兰的1.7倍（$646.0M vs $386.0M），亚什兰净利率更高（-3.1% vs -11.9%，领先8.8%），亚什兰同比增速更快（-4.7% vs -10.5%），亚什兰自由现金流更多（$111.0M vs $31.4M），过去两年IAC Inc.的营收复合增速更高（1.7% 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。
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
ASH vs IAC — 直观对比
营收规模更大
IAC
是对方的1.7倍
$386.0M
营收增速更快
ASH
高出5.8%
-10.5%
净利率更高
ASH
高出8.8%
-11.9%
自由现金流更多
ASH
多$79.6M
$31.4M
两年增速更快
IAC
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $646.0M |
| 净利润 | $-12.0M | $-76.8M |
| 毛利率 | 27.2% | 69.8% |
| 营业利润率 | -1.6% | -17.5% |
| 净利率 | -3.1% | -11.9% |
| 营收同比 | -4.7% | -10.5% |
| 净利润同比 | 92.7% | 61.4% |
| 每股收益（稀释后） | $-0.26 | $-0.96 |
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ASHIAC
| Q4 25 | $386.0M | $646.0M | ||
| Q3 25 | $477.0M | $589.8M | ||
| Q2 25 | $463.0M | $586.9M | ||
| Q1 25 | $479.0M | $570.5M | ||
| Q4 24 | $405.0M | $721.4M | ||
| Q3 24 | $521.0M | $642.0M | ||
| Q2 24 | $544.0M | $634.4M | ||
| Q1 24 | $575.0M | $624.3M |
净利润ASHIAC
| Q4 25 | $-12.0M | $-76.8M | ||
| Q3 25 | $31.0M | $-21.9M | ||
| Q2 25 | $-742.0M | $211.5M | ||
| Q1 25 | $31.0M | $-216.8M | ||
| Q4 24 | $-165.0M | $-199.0M | ||
| Q3 24 | $17.0M | $-243.7M | ||
| Q2 24 | $6.0M | $-142.2M | ||
| Q1 24 | $120.0M | $45.0M |
毛利率ASHIAC
| Q4 25 | 27.2% | 69.8% | ||
| Q3 25 | 33.3% | 64.8% | ||
| Q2 25 | 28.5% | 65.6% | ||
| Q1 25 | 30.7% | 64.0% | ||
| Q4 24 | 27.4% | 65.8% | ||
| Q3 24 | 33.2% | 62.1% | ||
| Q2 24 | 34.2% | 60.1% | ||
| Q1 24 | 28.0% | 58.4% |
营业利润率ASHIAC
| Q4 25 | -1.6% | -17.5% | ||
| Q3 25 | 12.8% | -3.5% | ||
| Q2 25 | -152.9% | 0.1% | ||
| Q1 25 | 10.6% | 6.3% | ||
| Q4 24 | -44.2% | 6.7% | ||
| Q3 24 | 6.1% | 1.3% | ||
| Q2 24 | -11.2% | -3.4% | ||
| Q1 24 | 3.7% | -10.2% |
净利率ASHIAC
| Q4 25 | -3.1% | -11.9% | ||
| Q3 25 | 6.5% | -3.7% | ||
| Q2 25 | -160.3% | 36.0% | ||
| Q1 25 | 6.5% | -38.0% | ||
| Q4 24 | -40.7% | -27.6% | ||
| Q3 24 | 3.3% | -38.0% | ||
| Q2 24 | 1.1% | -22.4% | ||
| Q1 24 | 20.9% | 7.2% |
每股收益（稀释后）ASHIAC
| Q4 25 | $-0.26 | $-0.96 | ||
| Q3 25 | $0.83 | $-0.27 | ||
| Q2 25 | $-16.21 | $2.57 | ||
| Q1 25 | $0.65 | $-2.64 | ||
| Q4 24 | $-3.50 | $-2.36 | ||
| Q3 24 | $0.34 | $-2.93 | ||
| Q2 24 | $0.12 | $-1.71 | ||
| Q1 24 | $2.39 | $0.51 |
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 | $960.2M |
| 总债务越低越好 | $1.4B | $1.4B |
| 股东权益账面价值 | $1.9B | $4.7B |
| 总资产 | $4.5B | $7.1B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资ASHIAC
| Q4 25 | $304.0M | $960.2M | ||
| Q3 25 | $215.0M | $1.0B | ||
| Q2 25 | $207.0M | $1.1B | ||
| Q1 25 | $168.0M | $1.2B | ||
| Q4 24 | $219.0M | $1.4B | ||
| Q3 24 | $300.0M | $1.3B | ||
| Q2 24 | $399.0M | $1.3B | ||
| Q1 24 | $439.0M | $1.3B |
总债务ASHIAC
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $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ASHIAC
| Q4 25 | $1.9B | $4.7B | ||
| Q3 25 | $1.9B | $4.8B | ||
| Q2 25 | $1.9B | $4.9B | ||
| Q1 25 | $2.6B | $4.7B | ||
| Q4 24 | $2.6B | $5.6B | ||
| Q3 24 | $2.9B | $5.8B | ||
| Q2 24 | $3.0B | $6.0B | ||
| Q1 24 | $3.1B | $6.1B |
总资产ASHIAC
| Q4 25 | $4.5B | $7.1B | ||
| Q3 25 | $4.6B | $7.2B | ||
| Q2 25 | $4.6B | $7.4B | ||
| Q1 25 | $5.2B | $7.2B | ||
| Q4 24 | $5.2B | $9.7B | ||
| Q3 24 | $5.6B | $9.8B | ||
| Q2 24 | $5.7B | $10.2B | ||
| Q1 24 | $5.9B | $10.4B |
负债/权益比ASHIAC
| Q4 25 | 0.74× | 0.30× | ||
| Q3 25 | 0.73× | 0.30× | ||
| Q2 25 | 0.73× | 0.30× | ||
| 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 | $36.6M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $31.4M |
| 自由现金流率自由现金流/营收 | 28.8% | 4.9% |
| 资本支出强度资本支出/营收 | 3.6% | 0.8% |
| 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 | $44.8M |
8季度趋势，按日历期对齐
经营现金流ASHIAC
| Q4 25 | $125.0M | $36.6M | ||
| Q3 25 | $40.0M | $30.1M | ||
| Q2 25 | $115.0M | $-2.8M | ||
| Q1 25 | $9.0M | $63.0K | ||
| Q4 24 | $-30.0M | $110.1M | ||
| Q3 24 | $80.0M | $95.3M | ||
| Q2 24 | $127.0M | $85.0M | ||
| Q1 24 | $54.0M | $64.1M |
自由现金流ASHIAC
| Q4 25 | $111.0M | $31.4M | ||
| Q3 25 | $6.0M | $25.3M | ||
| Q2 25 | $95.0M | $-7.2M | ||
| Q1 25 | $-12.0M | $-4.6M | ||
| Q4 24 | $-53.0M | $104.8M | ||
| Q3 24 | $42.0M | $92.0M | ||
| Q2 24 | $98.0M | $81.6M | ||
| Q1 24 | $20.0M | $61.1M |
自由现金流率ASHIAC
| Q4 25 | 28.8% | 4.9% | ||
| Q3 25 | 1.3% | 4.3% | ||
| Q2 25 | 20.5% | -1.2% | ||
| Q1 25 | -2.5% | -0.8% | ||
| Q4 24 | -13.1% | 14.5% | ||
| Q3 24 | 8.1% | 14.3% | ||
| Q2 24 | 18.0% | 12.9% | ||
| Q1 24 | 3.5% | 9.8% |
资本支出强度ASHIAC
| Q4 25 | 3.6% | 0.8% | ||
| Q3 25 | 7.1% | 0.8% | ||
| Q2 25 | 4.3% | 0.8% | ||
| Q1 25 | 4.4% | 0.8% | ||
| Q4 24 | 5.7% | 0.7% | ||
| Q3 24 | 7.3% | 0.5% | ||
| Q2 24 | 5.3% | 0.5% | ||
| Q1 24 | 5.9% | 0.5% |
现金转化率ASHIAC
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | -0.01× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | — | ||
| Q2 24 | 21.17× | — | ||
| Q1 24 | 0.45× | 1.42× |
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% |
IAC
| $168.5M | 26% | |
| Performance Marketing | $101.2M | 16% |
| Care.com | $85.7M | 13% |
| Subscription | $69.5M | 11% |
| Licensing And Other | $43.8M | 7% |
| Consumer Revenue | $43.2M | 7% |
| Advertising | $35.9M | 6% |
| Project And Other Print | $33.6M | 5% |
| Advertising Google | $28.9M | 4% |
| Newsstand | $22.4M | 3% |
| Emerging Other | $19.6M | 3% |
