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亚什兰（ASH）与Kodiak Gas Services, Inc.（KGS）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Kodiak Gas Services, Inc.的1.2倍（$386.0M vs $332.9M），Kodiak Gas Services, Inc.净利率更高（7.4% vs -3.1%，领先10.5%），Kodiak Gas Services, Inc.同比增速更快（7.5% vs -4.7%），Kodiak Gas Services, Inc.自由现金流更多（$142.0M vs $111.0M），过去两年Kodiak Gas Services, Inc.的营收复合增速更高（24.3% 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。
Kodiak Gas Services是北美知名的天然气压缩服务供应商，主要服务油气行业上下游客户，提供定制化压缩设备、运维及运营支持，帮助客户优化陆上天然气收集、处理与运输全流程的运营效率。
ASH vs KGS — 直观对比
营收规模更大
ASH
是对方的1.2倍
$332.9M
营收增速更快
KGS
高出12.2%
-4.7%
净利率更高
KGS
高出10.5%
-3.1%
自由现金流更多
KGS
多$31.0M
$111.0M
两年增速更快
KGS
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $332.9M |
| 净利润 | $-12.0M | $24.6M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | 26.1% |
| 净利率 | -3.1% | 7.4% |
| 营收同比 | -4.7% | 7.5% |
| 净利润同比 | 92.7% | 29.0% |
| 每股收益（稀释后） | $-0.26 | $0.30 |
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ASHKGS
| Q4 25 | $386.0M | $332.9M | ||
| Q3 25 | $477.0M | $322.7M | ||
| Q2 25 | $463.0M | $322.8M | ||
| Q1 25 | $479.0M | $329.6M | ||
| Q4 24 | $405.0M | $309.5M | ||
| Q3 24 | $521.0M | $324.6M | ||
| Q2 24 | $544.0M | $309.7M | ||
| Q1 24 | $575.0M | $215.5M |
净利润ASHKGS
| Q4 25 | $-12.0M | $24.6M | ||
| Q3 25 | $31.0M | $-14.0M | ||
| Q2 25 | $-742.0M | $39.5M | ||
| Q1 25 | $31.0M | $30.4M | ||
| Q4 24 | $-165.0M | $19.1M | ||
| Q3 24 | $17.0M | $-5.6M | ||
| Q2 24 | $6.0M | $6.2M | ||
| Q1 24 | $120.0M | $30.2M |
毛利率ASHKGS
| Q4 25 | 27.2% | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 28.5% | — | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | 27.4% | — | ||
| Q3 24 | 33.2% | 37.5% | ||
| Q2 24 | 34.2% | 36.5% | ||
| Q1 24 | 28.0% | 39.4% |
营业利润率ASHKGS
| Q4 25 | -1.6% | 26.1% | ||
| Q3 25 | 12.8% | 19.9% | ||
| Q2 25 | -152.9% | 30.9% | ||
| Q1 25 | 10.6% | 27.1% | ||
| Q4 24 | -44.2% | 22.3% | ||
| Q3 24 | 6.1% | 20.4% | ||
| Q2 24 | -11.2% | 17.5% | ||
| Q1 24 | 3.7% | 27.9% |
净利率ASHKGS
| Q4 25 | -3.1% | 7.4% | ||
| Q3 25 | 6.5% | -4.3% | ||
| Q2 25 | -160.3% | 12.2% | ||
| Q1 25 | 6.5% | 9.2% | ||
| Q4 24 | -40.7% | 6.2% | ||
| Q3 24 | 3.3% | -1.7% | ||
| Q2 24 | 1.1% | 2.0% | ||
| Q1 24 | 20.9% | 14.0% |
每股收益（稀释后）ASHKGS
| Q4 25 | $-0.26 | $0.30 | ||
| Q3 25 | $0.83 | $-0.17 | ||
| Q2 25 | $-16.21 | $0.43 | ||
| Q1 25 | $0.65 | $0.33 | ||
| Q4 24 | $-3.50 | $0.18 | ||
| Q3 24 | $0.34 | $-0.07 | ||
| Q2 24 | $0.12 | $0.06 | ||
| Q1 24 | $2.39 | $0.39 |
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 | $3.2M |
| 总债务越低越好 | $1.4B | $2.6B |
| 股东权益账面价值 | $1.9B | $1.2B |
| 总资产 | $4.5B | $4.3B |
| 负债/权益比越低杠杆越低 | 0.74× | 2.12× |
8季度趋势，按日历期对齐
现金及短期投资ASHKGS
| Q4 25 | $304.0M | $3.2M | ||
| Q3 25 | $215.0M | $724.0K | ||
| Q2 25 | $207.0M | $5.4M | ||
| Q1 25 | $168.0M | $1.9M | ||
| Q4 24 | $219.0M | $4.8M | ||
| Q3 24 | $300.0M | $7.4M | ||
| Q2 24 | $399.0M | $3.9M | ||
| Q1 24 | $439.0M | $9.3M |
总债务ASHKGS
| Q4 25 | $1.4B | $2.6B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.4B | $2.5B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.3B | $2.6B | ||
| Q2 24 | $1.3B | $2.5B | ||
| Q1 24 | $1.3B | — |
股东权益ASHKGS
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $3.0B | $1.5B | ||
| Q1 24 | $3.1B | $1.1B |
总资产ASHKGS
| Q4 25 | $4.5B | $4.3B | ||
| Q3 25 | $4.6B | $4.4B | ||
| Q2 25 | $4.6B | $4.4B | ||
| Q1 25 | $5.2B | $4.4B | ||
| Q4 24 | $5.2B | $4.4B | ||
| Q3 24 | $5.6B | $4.5B | ||
| Q2 24 | $5.7B | $4.4B | ||
| Q1 24 | $5.9B | $3.3B |
负债/权益比ASHKGS
| Q4 25 | 0.74× | 2.12× | ||
| Q3 25 | 0.73× | 2.08× | ||
| Q2 25 | 0.73× | 1.89× | ||
| Q1 25 | 0.52× | 1.91× | ||
| Q4 24 | 0.51× | 1.88× | ||
| Q3 24 | 0.47× | 1.86× | ||
| Q2 24 | 0.45× | 1.71× | ||
| 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 | $194.9M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $142.0M |
| 自由现金流率自由现金流/营收 | 28.8% | 42.7% |
| 资本支出强度资本支出/营收 | 3.6% | 15.9% |
| 现金转化率经营现金流/净利润 | — | 7.91× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $284.3M |
8季度趋势，按日历期对齐
经营现金流ASHKGS
| Q4 25 | $125.0M | $194.9M | ||
| Q3 25 | $40.0M | $113.4M | ||
| Q2 25 | $115.0M | $177.2M | ||
| Q1 25 | $9.0M | $114.3M | ||
| Q4 24 | $-30.0M | $118.5M | ||
| Q3 24 | $80.0M | $36.9M | ||
| Q2 24 | $127.0M | $121.1M | ||
| Q1 24 | $54.0M | $51.5M |
自由现金流ASHKGS
| Q4 25 | $111.0M | $142.0M | ||
| Q3 25 | $6.0M | $10.9M | ||
| Q2 25 | $95.0M | $94.6M | ||
| Q1 25 | $-12.0M | $36.8M | ||
| Q4 24 | $-53.0M | $45.2M | ||
| Q3 24 | $42.0M | $-49.7M | ||
| Q2 24 | $98.0M | $4.0M | ||
| Q1 24 | $20.0M | $-8.6M |
自由现金流率ASHKGS
| Q4 25 | 28.8% | 42.7% | ||
| Q3 25 | 1.3% | 3.4% | ||
| Q2 25 | 20.5% | 29.3% | ||
| Q1 25 | -2.5% | 11.2% | ||
| Q4 24 | -13.1% | 14.6% | ||
| Q3 24 | 8.1% | -15.3% | ||
| Q2 24 | 18.0% | 1.3% | ||
| Q1 24 | 3.5% | -4.0% |
资本支出强度ASHKGS
| Q4 25 | 3.6% | 15.9% | ||
| Q3 25 | 7.1% | 31.7% | ||
| Q2 25 | 4.3% | 25.6% | ||
| Q1 25 | 4.4% | 23.5% | ||
| Q4 24 | 5.7% | 23.7% | ||
| Q3 24 | 7.3% | 26.7% | ||
| Q2 24 | 5.3% | 37.8% | ||
| Q1 24 | 5.9% | 27.9% |
现金转化率ASHKGS
| Q4 25 | — | 7.91× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | 4.49× | ||
| Q1 25 | 0.29× | 3.76× | ||
| Q4 24 | — | 6.21× | ||
| Q3 24 | 4.71× | — | ||
| Q2 24 | 21.17× | 19.44× | ||
| Q1 24 | 0.45× | 1.70× |
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% |
KGS
| Other Services | $126.8M | 38% |
| Other | $112.2M | 34% |
| Transferred At Point In Time | $93.8M | 28% |
