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亚什兰（ASH）与Lucid Group, Inc.（LCID）财务数据对比。点击上方公司名可切换其他公司
Lucid Group, Inc.的季度营收约是亚什兰的1.4倍（$522.7M vs $386.0M），亚什兰净利率更高（-3.1% vs -155.7%，领先152.6%），Lucid Group, Inc.同比增速更快（122.9% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $-1.2B），过去两年Lucid Group, Inc.的营收复合增速更高（74.0% 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。
Lucid Group, Inc.是总部位于美国加利福尼亚州纽瓦克的汽车科技企业，专注于电动汽车制造及先进电动汽车动力系统供应。2021年9月，公司在亚利桑那州卡萨格兰德的工厂开始生产Lucid Air豪华轿车，第二款车型Lucid Gravity SUV于2024年12月投产，同时也为阿斯顿·马丁等其他车企供应和研发动力总成技术。
ASH vs LCID — 直观对比
营收规模更大
LCID
是对方的1.4倍
$386.0M
营收增速更快
LCID
高出127.6%
-4.7%
净利率更高
ASH
高出152.6%
-155.7%
自由现金流更多
ASH
多$1.4B
$-1.2B
两年增速更快
LCID
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $522.7M |
| 净利润 | $-12.0M | $-814.0M |
| 毛利率 | 27.2% | -80.7% |
| 营业利润率 | -1.6% | -203.7% |
| 净利率 | -3.1% | -155.7% |
| 营收同比 | -4.7% | 122.9% |
| 净利润同比 | 92.7% | -104.9% |
| 每股收益（稀释后） | $-0.26 | $-8.26 |
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ASHLCID
| Q4 25 | $386.0M | $522.7M | ||
| Q3 25 | $477.0M | $336.6M | ||
| Q2 25 | $463.0M | $259.4M | ||
| Q1 25 | $479.0M | $235.0M | ||
| Q4 24 | $405.0M | $234.5M | ||
| Q3 24 | $521.0M | $200.0M | ||
| Q2 24 | $544.0M | $200.6M | ||
| Q1 24 | $575.0M | $172.7M |
净利润ASHLCID
| Q4 25 | $-12.0M | $-814.0M | ||
| Q3 25 | $31.0M | $-978.4M | ||
| Q2 25 | $-742.0M | $-539.4M | ||
| Q1 25 | $31.0M | $-366.2M | ||
| Q4 24 | $-165.0M | $-397.2M | ||
| Q3 24 | $17.0M | $-992.5M | ||
| Q2 24 | $6.0M | $-643.4M | ||
| Q1 24 | $120.0M | $-680.9M |
毛利率ASHLCID
| Q4 25 | 27.2% | -80.7% | ||
| Q3 25 | 33.3% | -99.1% | ||
| Q2 25 | 28.5% | -105.0% | ||
| Q1 25 | 30.7% | -97.2% | ||
| Q4 24 | 27.4% | -89.0% | ||
| Q3 24 | 33.2% | -106.2% | ||
| Q2 24 | 34.2% | -134.5% | ||
| Q1 24 | 28.0% | -134.3% |
营业利润率ASHLCID
| Q4 25 | -1.6% | -203.7% | ||
| Q3 25 | 12.8% | -279.9% | ||
| Q2 25 | -152.9% | -309.5% | ||
| Q1 25 | 10.6% | -294.4% | ||
| Q4 24 | -44.2% | -312.6% | ||
| Q3 24 | 6.1% | -385.2% | ||
| Q2 24 | -11.2% | -392.6% | ||
| Q1 24 | 3.7% | -422.6% |
净利率ASHLCID
| Q4 25 | -3.1% | -155.7% | ||
| Q3 25 | 6.5% | -290.7% | ||
| Q2 25 | -160.3% | -207.9% | ||
| Q1 25 | 6.5% | -155.8% | ||
| Q4 24 | -40.7% | -169.4% | ||
| Q3 24 | 3.3% | -496.1% | ||
| Q2 24 | 1.1% | -320.8% | ||
| Q1 24 | 20.9% | -394.2% |
每股收益（稀释后）ASHLCID
| Q4 25 | $-0.26 | $-8.26 | ||
| Q3 25 | $0.83 | $-3.31 | ||
| Q2 25 | $-16.21 | $-0.28 | ||
| Q1 25 | $0.65 | $-0.24 | ||
| Q4 24 | $-3.50 | $-0.20 | ||
| Q3 24 | $0.34 | $-0.41 | ||
| Q2 24 | $0.12 | $-0.34 | ||
| Q1 24 | $2.39 | $-0.30 |
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 | $1.6B |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $717.3M |
| 总资产 | $4.5B | $8.4B |
| 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ASHLCID
| Q4 25 | $304.0M | $1.6B | ||
| Q3 25 | $215.0M | $2.3B | ||
| Q2 25 | $207.0M | $2.8B | ||
| Q1 25 | $168.0M | $3.6B | ||
| Q4 24 | $219.0M | $4.0B | ||
| Q3 24 | $300.0M | $3.5B | ||
| Q2 24 | $399.0M | $3.2B | ||
| Q1 24 | $439.0M | $4.0B |
总债务ASHLCID
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $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ASHLCID
| Q4 25 | $1.9B | $717.3M | ||
| Q3 25 | $1.9B | $1.8B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $2.6B | $3.2B | ||
| Q4 24 | $2.6B | $3.9B | ||
| Q3 24 | $2.9B | $2.7B | ||
| Q2 24 | $3.0B | $3.5B | ||
| Q1 24 | $3.1B | $4.2B |
总资产ASHLCID
| Q4 25 | $4.5B | $8.4B | ||
| Q3 25 | $4.6B | $8.8B | ||
| Q2 25 | $4.6B | $8.9B | ||
| Q1 25 | $5.2B | $9.2B | ||
| Q4 24 | $5.2B | $9.6B | ||
| Q3 24 | $5.6B | $8.5B | ||
| Q2 24 | $5.7B | $8.2B | ||
| Q1 24 | $5.9B | $8.9B |
负债/权益比ASHLCID
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| 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 | $-916.4M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $-1.2B |
| 自由现金流率自由现金流/营收 | 28.8% | -237.6% |
| 资本支出强度资本支出/营收 | 3.6% | 62.3% |
| 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 | $-3.8B |
8季度趋势，按日历期对齐
经营现金流ASHLCID
| Q4 25 | $125.0M | $-916.4M | ||
| Q3 25 | $40.0M | $-756.6M | ||
| Q2 25 | $115.0M | $-830.2M | ||
| Q1 25 | $9.0M | $-428.6M | ||
| Q4 24 | $-30.0M | $-533.1M | ||
| Q3 24 | $80.0M | $-462.8M | ||
| Q2 24 | $127.0M | $-507.0M | ||
| Q1 24 | $54.0M | $-516.7M |
自由现金流ASHLCID
| Q4 25 | $111.0M | $-1.2B | ||
| Q3 25 | $6.0M | $-955.5M | ||
| Q2 25 | $95.0M | $-1.0B | ||
| Q1 25 | $-12.0M | $-589.9M | ||
| Q4 24 | $-53.0M | $-824.8M | ||
| Q3 24 | $42.0M | $-622.5M | ||
| Q2 24 | $98.0M | $-741.3M | ||
| Q1 24 | $20.0M | $-714.9M |
自由现金流率ASHLCID
| Q4 25 | 28.8% | -237.6% | ||
| Q3 25 | 1.3% | -283.9% | ||
| Q2 25 | 20.5% | -390.4% | ||
| Q1 25 | -2.5% | -251.0% | ||
| Q4 24 | -13.1% | -351.8% | ||
| Q3 24 | 8.1% | -311.2% | ||
| Q2 24 | 18.0% | -369.6% | ||
| Q1 24 | 3.5% | -413.9% |
资本支出强度ASHLCID
| Q4 25 | 3.6% | 62.3% | ||
| Q3 25 | 7.1% | 59.1% | ||
| Q2 25 | 4.3% | 70.4% | ||
| Q1 25 | 4.4% | 68.6% | ||
| Q4 24 | 5.7% | 124.4% | ||
| Q3 24 | 7.3% | 79.8% | ||
| Q2 24 | 5.3% | 116.8% | ||
| Q1 24 | 5.9% | 114.7% |
现金转化率ASHLCID
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | — | ||
| Q2 24 | 21.17× | — | ||
| Q1 24 | 0.45× | — |
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% |
LCID
| LCNRV | $287.2M | 55% |
| Other | $80.4M | 15% |
| Related Party | $74.4M | 14% |
| Regulatory Credits | $34.2M | 7% |
| Warranty Provision | $26.2M | 5% |
| Sale And Leaseback Transactions | $15.2M | 3% |
| Other International | $5.0M | 1% |
