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亚什兰（ASH）与KADANT INC（KAI）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KADANT INC的1.4倍（$386.0M vs $271.6M），KADANT INC净利率更高（10.2% vs -3.1%，领先13.3%），KADANT INC同比增速更快（-0.0% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $44.1M），过去两年KADANT INC的营收复合增速更高（6.7% 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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
ASH vs KAI — 直观对比
营收规模更大
ASH
是对方的1.4倍
$271.6M
营收增速更快
KAI
高出4.7%
-4.7%
净利率更高
KAI
高出13.3%
-3.1%
自由现金流更多
ASH
多$66.9M
$44.1M
两年增速更快
KAI
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $271.6M |
| 净利润 | $-12.0M | $27.7M |
| 毛利率 | 27.2% | 45.2% |
| 营业利润率 | -1.6% | 15.7% |
| 净利率 | -3.1% | 10.2% |
| 营收同比 | -4.7% | -0.0% |
| 净利润同比 | 92.7% | -12.2% |
| 每股收益（稀释后） | $-0.26 | $2.35 |
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ASHKAI
| Q4 25 | $386.0M | — | ||
| Q3 25 | $477.0M | $271.6M | ||
| Q2 25 | $463.0M | $255.3M | ||
| Q1 25 | $479.0M | $239.2M | ||
| Q4 24 | $405.0M | $258.0M | ||
| Q3 24 | $521.0M | $271.6M | ||
| Q2 24 | $544.0M | $274.8M | ||
| Q1 24 | $575.0M | $249.0M |
净利润ASHKAI
| Q4 25 | $-12.0M | — | ||
| Q3 25 | $31.0M | $27.7M | ||
| Q2 25 | $-742.0M | $26.2M | ||
| Q1 25 | $31.0M | $24.1M | ||
| Q4 24 | $-165.0M | $24.0M | ||
| Q3 24 | $17.0M | $31.6M | ||
| Q2 24 | $6.0M | $31.3M | ||
| Q1 24 | $120.0M | $24.7M |
毛利率ASHKAI
| Q4 25 | 27.2% | — | ||
| Q3 25 | 33.3% | 45.2% | ||
| Q2 25 | 28.5% | 45.9% | ||
| Q1 25 | 30.7% | 46.1% | ||
| Q4 24 | 27.4% | 43.4% | ||
| Q3 24 | 33.2% | 44.7% | ||
| Q2 24 | 34.2% | 44.4% | ||
| Q1 24 | 28.0% | 44.6% |
营业利润率ASHKAI
| Q4 25 | -1.6% | — | ||
| Q3 25 | 12.8% | 15.7% | ||
| Q2 25 | -152.9% | 15.4% | ||
| Q1 25 | 10.6% | 14.9% | ||
| Q4 24 | -44.2% | 14.3% | ||
| Q3 24 | 6.1% | 18.0% | ||
| Q2 24 | -11.2% | 17.6% | ||
| Q1 24 | 3.7% | 14.8% |
净利率ASHKAI
| Q4 25 | -3.1% | — | ||
| Q3 25 | 6.5% | 10.2% | ||
| Q2 25 | -160.3% | 10.2% | ||
| Q1 25 | 6.5% | 10.1% | ||
| Q4 24 | -40.7% | 9.3% | ||
| Q3 24 | 3.3% | 11.6% | ||
| Q2 24 | 1.1% | 11.4% | ||
| Q1 24 | 20.9% | 9.9% |
每股收益（稀释后）ASHKAI
| Q4 25 | $-0.26 | — | ||
| Q3 25 | $0.83 | $2.35 | ||
| Q2 25 | $-16.21 | $2.22 | ||
| Q1 25 | $0.65 | $2.04 | ||
| Q4 24 | $-3.50 | $2.04 | ||
| Q3 24 | $0.34 | $2.68 | ||
| Q2 24 | $0.12 | $2.66 | ||
| Q1 24 | $2.39 | $2.10 |
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 | $124.5M |
| 总债务越低越好 | $1.4B | $254.6M |
| 股东权益账面价值 | $1.9B | $949.8M |
| 总资产 | $4.5B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资ASHKAI
| Q4 25 | $304.0M | — | ||
| Q3 25 | $215.0M | $124.5M | ||
| Q2 25 | $207.0M | $95.3M | ||
| Q1 25 | $168.0M | $91.7M | ||
| Q4 24 | $219.0M | $94.7M | ||
| Q3 24 | $300.0M | $88.4M | ||
| Q2 24 | $399.0M | $73.8M | ||
| Q1 24 | $439.0M | $81.4M |
总债务ASHKAI
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $254.6M | ||
| Q2 25 | $1.4B | $245.7M | ||
| Q1 25 | $1.3B | $273.5M | ||
| Q4 24 | $1.3B | $285.2M | ||
| Q3 24 | $1.3B | $323.2M | ||
| Q2 24 | $1.3B | $342.0M | ||
| Q1 24 | $1.3B | $306.8M |
股东权益ASHKAI
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $949.8M | ||
| Q2 25 | $1.9B | $926.0M | ||
| Q1 25 | $2.6B | $876.0M | ||
| Q4 24 | $2.6B | $847.1M | ||
| Q3 24 | $2.9B | $851.7M | ||
| Q2 24 | $3.0B | $807.7M | ||
| Q1 24 | $3.1B | $782.7M |
总资产ASHKAI
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.6B | $1.5B | ||
| Q2 25 | $4.6B | $1.5B | ||
| Q1 25 | $5.2B | $1.4B | ||
| Q4 24 | $5.2B | $1.4B | ||
| Q3 24 | $5.6B | $1.5B | ||
| Q2 24 | $5.7B | $1.5B | ||
| Q1 24 | $5.9B | $1.4B |
负债/权益比ASHKAI
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | 0.27× | ||
| Q2 25 | 0.73× | 0.27× | ||
| Q1 25 | 0.52× | 0.31× | ||
| Q4 24 | 0.51× | 0.34× | ||
| Q3 24 | 0.47× | 0.38× | ||
| Q2 24 | 0.45× | 0.42× | ||
| Q1 24 | 0.42× | 0.39× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $44.1M |
| 自由现金流率自由现金流/营收 | 28.8% | 16.2% |
| 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 | — | 1.70× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $145.9M |
8季度趋势，按日历期对齐
经营现金流ASHKAI
| Q4 25 | $125.0M | — | ||
| Q3 25 | $40.0M | $47.3M | ||
| Q2 25 | $115.0M | $40.5M | ||
| Q1 25 | $9.0M | $22.8M | ||
| Q4 24 | $-30.0M | $51.9M | ||
| Q3 24 | $80.0M | $52.5M | ||
| Q2 24 | $127.0M | $28.1M | ||
| Q1 24 | $54.0M | $22.8M |
自由现金流ASHKAI
| Q4 25 | $111.0M | — | ||
| Q3 25 | $6.0M | $44.1M | ||
| Q2 25 | $95.0M | $36.5M | ||
| Q1 25 | $-12.0M | $19.0M | ||
| Q4 24 | $-53.0M | $46.3M | ||
| Q3 24 | $42.0M | $48.3M | ||
| Q2 24 | $98.0M | $23.1M | ||
| Q1 24 | $20.0M | $16.6M |
自由现金流率ASHKAI
| Q4 25 | 28.8% | — | ||
| Q3 25 | 1.3% | 16.2% | ||
| Q2 25 | 20.5% | 14.3% | ||
| Q1 25 | -2.5% | 7.9% | ||
| Q4 24 | -13.1% | 17.9% | ||
| Q3 24 | 8.1% | 17.8% | ||
| Q2 24 | 18.0% | 8.4% | ||
| Q1 24 | 3.5% | 6.7% |
资本支出强度ASHKAI
| Q4 25 | 3.6% | — | ||
| Q3 25 | 7.1% | 1.2% | ||
| Q2 25 | 4.3% | 1.6% | ||
| Q1 25 | 4.4% | 1.6% | ||
| Q4 24 | 5.7% | 2.2% | ||
| Q3 24 | 7.3% | 1.5% | ||
| Q2 24 | 5.3% | 1.8% | ||
| Q1 24 | 5.9% | 2.5% |
现金转化率ASHKAI
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | 1.70× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | 0.29× | 0.95× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 4.71× | 1.66× | ||
| Q2 24 | 21.17× | 0.90× | ||
| Q1 24 | 0.45× | 0.92× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
