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亚什兰（ASH）与Installed Building Products, Inc.（IBP）财务数据对比。点击上方公司名可切换其他公司
Installed Building Products, Inc.的季度营收约是亚什兰的1.9倍（$747.5M vs $386.0M），Installed Building Products, Inc.净利率更高（10.2% vs -3.1%，领先13.4%），Installed Building Products, Inc.同比增速更快（-0.4% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $49.3M），过去两年Installed Building Products, Inc.的营收复合增速更高（3.9% 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。
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
ASH vs IBP — 直观对比
营收规模更大
IBP
是对方的1.9倍
$386.0M
营收增速更快
IBP
高出4.3%
-4.7%
净利率更高
IBP
高出13.4%
-3.1%
自由现金流更多
ASH
多$61.7M
$49.3M
两年增速更快
IBP
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $747.5M |
| 净利润 | $-12.0M | $76.6M |
| 毛利率 | 27.2% | 35.0% |
| 营业利润率 | -1.6% | 14.6% |
| 净利率 | -3.1% | 10.2% |
| 营收同比 | -4.7% | -0.4% |
| 净利润同比 | 92.7% | 14.5% |
| 每股收益（稀释后） | $-0.26 | $2.81 |
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ASHIBP
| Q4 25 | $386.0M | $747.5M | ||
| Q3 25 | $477.0M | $778.2M | ||
| Q2 25 | $463.0M | $760.3M | ||
| Q1 25 | $479.0M | $684.8M | ||
| Q4 24 | $405.0M | $750.2M | ||
| Q3 24 | $521.0M | $760.6M | ||
| Q2 24 | $544.0M | $737.6M | ||
| Q1 24 | $575.0M | $692.9M |
净利润ASHIBP
| Q4 25 | $-12.0M | $76.6M | ||
| Q3 25 | $31.0M | $74.4M | ||
| Q2 25 | $-742.0M | $69.0M | ||
| Q1 25 | $31.0M | $45.4M | ||
| Q4 24 | $-165.0M | $66.9M | ||
| Q3 24 | $17.0M | $68.6M | ||
| Q2 24 | $6.0M | $65.2M | ||
| Q1 24 | $120.0M | $55.9M |
毛利率ASHIBP
| Q4 25 | 27.2% | 35.0% | ||
| Q3 25 | 33.3% | 34.0% | ||
| Q2 25 | 28.5% | 34.2% | ||
| Q1 25 | 30.7% | 32.7% | ||
| Q4 24 | 27.4% | 33.6% | ||
| Q3 24 | 33.2% | 33.8% | ||
| Q2 24 | 34.2% | 34.1% | ||
| Q1 24 | 28.0% | 33.8% |
营业利润率ASHIBP
| Q4 25 | -1.6% | 14.6% | ||
| Q3 25 | 12.8% | 13.7% | ||
| Q2 25 | -152.9% | 13.3% | ||
| Q1 25 | 10.6% | 10.2% | ||
| Q4 24 | -44.2% | 13.1% | ||
| Q3 24 | 6.1% | 13.3% | ||
| Q2 24 | -11.2% | 12.9% | ||
| Q1 24 | 3.7% | 12.7% |
净利率ASHIBP
| Q4 25 | -3.1% | 10.2% | ||
| Q3 25 | 6.5% | 9.6% | ||
| Q2 25 | -160.3% | 9.1% | ||
| Q1 25 | 6.5% | 6.6% | ||
| Q4 24 | -40.7% | 8.9% | ||
| Q3 24 | 3.3% | 9.0% | ||
| Q2 24 | 1.1% | 8.8% | ||
| Q1 24 | 20.9% | 8.1% |
每股收益（稀释后）ASHIBP
| Q4 25 | $-0.26 | $2.81 | ||
| Q3 25 | $0.83 | $2.74 | ||
| Q2 25 | $-16.21 | $2.52 | ||
| Q1 25 | $0.65 | $1.64 | ||
| Q4 24 | $-3.50 | $2.39 | ||
| Q3 24 | $0.34 | $2.44 | ||
| Q2 24 | $0.12 | $2.30 | ||
| Q1 24 | $2.39 | $1.97 |
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 | $321.9M |
| 总债务越低越好 | $1.4B | $886.6M |
| 股东权益账面价值 | $1.9B | $709.9M |
| 总资产 | $4.5B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.74× | 1.25× |
8季度趋势，按日历期对齐
现金及短期投资ASHIBP
| Q4 25 | $304.0M | $321.9M | ||
| Q3 25 | $215.0M | $333.3M | ||
| Q2 25 | $207.0M | $305.2M | ||
| Q1 25 | $168.0M | $298.7M | ||
| Q4 24 | $219.0M | $327.6M | ||
| Q3 24 | $300.0M | $406.2M | ||
| Q2 24 | $399.0M | $380.3M | ||
| Q1 24 | $439.0M | $399.9M |
总债务ASHIBP
| Q4 25 | $1.4B | $886.6M | ||
| Q3 25 | $1.4B | $880.8M | ||
| Q2 25 | $1.4B | $876.1M | ||
| Q1 25 | $1.3B | $872.4M | ||
| Q4 24 | $1.3B | $874.8M | ||
| Q3 24 | $1.3B | $872.3M | ||
| Q2 24 | $1.3B | $875.8M | ||
| Q1 24 | $1.3B | $875.0M |
股东权益ASHIBP
| Q4 25 | $1.9B | $709.9M | ||
| Q3 25 | $1.9B | $678.6M | ||
| Q2 25 | $1.9B | $664.5M | ||
| Q1 25 | $2.6B | $660.9M | ||
| Q4 24 | $2.6B | $705.3M | ||
| Q3 24 | $2.9B | $716.4M | ||
| Q2 24 | $3.0B | $685.3M | ||
| Q1 24 | $3.1B | $679.2M |
总资产ASHIBP
| Q4 25 | $4.5B | $2.1B | ||
| Q3 25 | $4.6B | $2.1B | ||
| Q2 25 | $4.6B | $2.0B | ||
| Q1 25 | $5.2B | $2.0B | ||
| Q4 24 | $5.2B | $2.1B | ||
| Q3 24 | $5.6B | $2.1B | ||
| Q2 24 | $5.7B | $2.0B | ||
| Q1 24 | $5.9B | $2.0B |
负债/权益比ASHIBP
| Q4 25 | 0.74× | 1.25× | ||
| Q3 25 | 0.73× | 1.30× | ||
| Q2 25 | 0.73× | 1.32× | ||
| Q1 25 | 0.52× | 1.32× | ||
| Q4 24 | 0.51× | 1.24× | ||
| Q3 24 | 0.47× | 1.22× | ||
| Q2 24 | 0.45× | 1.28× | ||
| Q1 24 | 0.42× | 1.29× |
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 | $64.9M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $49.3M |
| 自由现金流率自由现金流/营收 | 28.8% | 6.6% |
| 资本支出强度资本支出/营收 | 3.6% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 0.85× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $300.8M |
8季度趋势，按日历期对齐
经营现金流ASHIBP
| Q4 25 | $125.0M | $64.9M | ||
| Q3 25 | $40.0M | $124.0M | ||
| Q2 25 | $115.0M | $90.4M | ||
| Q1 25 | $9.0M | $92.1M | ||
| Q4 24 | $-30.0M | $74.8M | ||
| Q3 24 | $80.0M | $101.4M | ||
| Q2 24 | $127.0M | $79.0M | ||
| Q1 24 | $54.0M | $84.8M |
自由现金流ASHIBP
| Q4 25 | $111.0M | $49.3M | ||
| Q3 25 | $6.0M | $104.8M | ||
| Q2 25 | $95.0M | $74.8M | ||
| Q1 25 | $-12.0M | $71.9M | ||
| Q4 24 | $-53.0M | $52.9M | ||
| Q3 24 | $42.0M | $77.3M | ||
| Q2 24 | $98.0M | $58.2M | ||
| Q1 24 | $20.0M | $63.0M |
自由现金流率ASHIBP
| Q4 25 | 28.8% | 6.6% | ||
| Q3 25 | 1.3% | 13.5% | ||
| Q2 25 | 20.5% | 9.8% | ||
| Q1 25 | -2.5% | 10.5% | ||
| Q4 24 | -13.1% | 7.1% | ||
| Q3 24 | 8.1% | 10.2% | ||
| Q2 24 | 18.0% | 7.9% | ||
| Q1 24 | 3.5% | 9.1% |
资本支出强度ASHIBP
| Q4 25 | 3.6% | 2.1% | ||
| Q3 25 | 7.1% | 2.5% | ||
| Q2 25 | 4.3% | 2.1% | ||
| Q1 25 | 4.4% | 2.9% | ||
| Q4 24 | 5.7% | 2.9% | ||
| Q3 24 | 7.3% | 3.2% | ||
| Q2 24 | 5.3% | 2.8% | ||
| Q1 24 | 5.9% | 3.1% |
现金转化率ASHIBP
| Q4 25 | — | 0.85× | ||
| Q3 25 | 1.29× | 1.67× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | 0.29× | 2.03× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | 4.71× | 1.48× | ||
| Q2 24 | 21.17× | 1.21× | ||
| Q1 24 | 0.45× | 1.52× |
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% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
