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亚什兰（ASH）与百胜餐饮集团（LCUT）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百胜餐饮集团的1.9倍（$386.0M vs $204.1M），百胜餐饮集团净利率更高（8.9% vs -3.1%，领先12.0%），亚什兰同比增速更快（-4.7% vs -5.2%），亚什兰自由现金流更多（$111.0M vs $2.6M），过去两年百胜餐饮集团的营收复合增速更高（19.8% 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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
ASH vs LCUT — 直观对比
营收规模更大
ASH
是对方的1.9倍
$204.1M
营收增速更快
ASH
高出0.5%
-5.2%
净利率更高
LCUT
高出12.0%
-3.1%
自由现金流更多
ASH
多$108.4M
$2.6M
两年增速更快
LCUT
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $204.1M |
| 净利润 | $-12.0M | $18.2M |
| 毛利率 | 27.2% | 38.6% |
| 营业利润率 | -1.6% | 9.8% |
| 净利率 | -3.1% | 8.9% |
| 营收同比 | -4.7% | -5.2% |
| 净利润同比 | 92.7% | 103.5% |
| 每股收益（稀释后） | $-0.26 | $0.83 |
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ASHLCUT
| Q4 25 | $386.0M | $204.1M | ||
| Q3 25 | $477.0M | $171.9M | ||
| Q2 25 | $463.0M | $131.9M | ||
| Q1 25 | $479.0M | $140.1M | ||
| Q4 24 | $405.0M | $215.2M | ||
| Q3 24 | $521.0M | $183.8M | ||
| Q2 24 | $544.0M | $141.7M | ||
| Q1 24 | $575.0M | $142.2M |
净利润ASHLCUT
| Q4 25 | $-12.0M | $18.2M | ||
| Q3 25 | $31.0M | $-1.2M | ||
| Q2 25 | $-742.0M | $-39.7M | ||
| Q1 25 | $31.0M | $-4.2M | ||
| Q4 24 | $-165.0M | $8.9M | ||
| Q3 24 | $17.0M | $344.0K | ||
| Q2 24 | $6.0M | $-18.2M | ||
| Q1 24 | $120.0M | $-6.3M |
毛利率ASHLCUT
| Q4 25 | 27.2% | 38.6% | ||
| Q3 25 | 33.3% | 35.1% | ||
| Q2 25 | 28.5% | 38.6% | ||
| Q1 25 | 30.7% | 36.1% | ||
| Q4 24 | 27.4% | 37.7% | ||
| Q3 24 | 33.2% | 36.7% | ||
| Q2 24 | 34.2% | 38.5% | ||
| Q1 24 | 28.0% | 40.5% |
营业利润率ASHLCUT
| Q4 25 | -1.6% | 9.8% | ||
| Q3 25 | 12.8% | 3.9% | ||
| Q2 25 | -152.9% | -28.2% | ||
| Q1 25 | 10.6% | 0.8% | ||
| Q4 24 | -44.2% | 7.2% | ||
| Q3 24 | 6.1% | 4.7% | ||
| Q2 24 | -11.2% | 0.8% | ||
| Q1 24 | 3.7% | 1.3% |
净利率ASHLCUT
| Q4 25 | -3.1% | 8.9% | ||
| Q3 25 | 6.5% | -0.7% | ||
| Q2 25 | -160.3% | -30.1% | ||
| Q1 25 | 6.5% | -3.0% | ||
| Q4 24 | -40.7% | 4.1% | ||
| Q3 24 | 3.3% | 0.2% | ||
| Q2 24 | 1.1% | -12.8% | ||
| Q1 24 | 20.9% | -4.4% |
每股收益（稀释后）ASHLCUT
| Q4 25 | $-0.26 | $0.83 | ||
| Q3 25 | $0.83 | $-0.05 | ||
| Q2 25 | $-16.21 | $-1.83 | ||
| Q1 25 | $0.65 | $-0.19 | ||
| Q4 24 | $-3.50 | $0.41 | ||
| Q3 24 | $0.34 | $0.02 | ||
| Q2 24 | $0.12 | $-0.85 | ||
| Q1 24 | $2.39 | $-0.29 |
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 | $4.3M |
| 总债务越低越好 | $1.4B | $135.0M |
| 股东权益账面价值 | $1.9B | $202.3M |
| 总资产 | $4.5B | $572.6M |
| 负债/权益比越低杠杆越低 | 0.74× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资ASHLCUT
| Q4 25 | $304.0M | $4.3M | ||
| Q3 25 | $215.0M | $12.1M | ||
| Q2 25 | $207.0M | $12.0M | ||
| Q1 25 | $168.0M | $10.4M | ||
| Q4 24 | $219.0M | $2.9M | ||
| Q3 24 | $300.0M | $6.0M | ||
| Q2 24 | $399.0M | $3.4M | ||
| Q1 24 | $439.0M | $4.6M |
总债务ASHLCUT
| Q4 25 | $1.4B | $135.0M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $142.5M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
股东权益ASHLCUT
| Q4 25 | $1.9B | $202.3M | ||
| Q3 25 | $1.9B | $184.6M | ||
| Q2 25 | $1.9B | $185.8M | ||
| Q1 25 | $2.6B | $225.7M | ||
| Q4 24 | $2.6B | $229.9M | ||
| Q3 24 | $2.9B | $220.9M | ||
| Q2 24 | $3.0B | $219.8M | ||
| Q1 24 | $3.1B | $223.7M |
总资产ASHLCUT
| Q4 25 | $4.5B | $572.6M | ||
| Q3 25 | $4.6B | $581.1M | ||
| Q2 25 | $4.6B | $551.9M | ||
| Q1 25 | $5.2B | $594.6M | ||
| Q4 24 | $5.2B | $634.3M | ||
| Q3 24 | $5.6B | $668.7M | ||
| Q2 24 | $5.7B | $617.0M | ||
| Q1 24 | $5.9B | $602.7M |
负债/权益比ASHLCUT
| Q4 25 | 0.74× | 0.67× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.51× | 0.62× | ||
| 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 | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $2.6M |
| 自由现金流率自由现金流/营收 | 28.8% | 1.3% |
| 资本支出强度资本支出/营收 | 3.6% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.21× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $3.3M |
8季度趋势，按日历期对齐
经营现金流ASHLCUT
| Q4 25 | $125.0M | $3.7M | ||
| Q3 25 | $40.0M | $-22.2M | ||
| Q2 25 | $115.0M | $9.3M | ||
| Q1 25 | $9.0M | $16.7M | ||
| Q4 24 | $-30.0M | $20.3M | ||
| Q3 24 | $80.0M | $-22.7M | ||
| Q2 24 | $127.0M | $10.4M | ||
| Q1 24 | $54.0M | $10.5M |
自由现金流ASHLCUT
| Q4 25 | $111.0M | $2.6M | ||
| Q3 25 | $6.0M | $-22.7M | ||
| Q2 25 | $95.0M | $8.2M | ||
| Q1 25 | $-12.0M | $15.1M | ||
| Q4 24 | $-53.0M | $19.7M | ||
| Q3 24 | $42.0M | $-23.2M | ||
| Q2 24 | $98.0M | $9.9M | ||
| Q1 24 | $20.0M | $9.9M |
自由现金流率ASHLCUT
| Q4 25 | 28.8% | 1.3% | ||
| Q3 25 | 1.3% | -13.2% | ||
| Q2 25 | 20.5% | 6.2% | ||
| Q1 25 | -2.5% | 10.8% | ||
| Q4 24 | -13.1% | 9.1% | ||
| Q3 24 | 8.1% | -12.6% | ||
| Q2 24 | 18.0% | 7.0% | ||
| Q1 24 | 3.5% | 7.0% |
资本支出强度ASHLCUT
| Q4 25 | 3.6% | 0.6% | ||
| Q3 25 | 7.1% | 0.3% | ||
| Q2 25 | 4.3% | 0.9% | ||
| Q1 25 | 4.4% | 1.1% | ||
| Q4 24 | 5.7% | 0.3% | ||
| Q3 24 | 7.3% | 0.3% | ||
| Q2 24 | 5.3% | 0.4% | ||
| Q1 24 | 5.9% | 0.4% |
现金转化率ASHLCUT
| Q4 25 | — | 0.21× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | 2.28× | ||
| Q3 24 | 4.71× | -65.89× | ||
| 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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
