vs
亚什兰（ASH）与LOUISIANA-PACIFIC CORP（LPX）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是亚什兰的1.5倍（$566.0M vs $386.0M），LOUISIANA-PACIFIC CORP净利率更高（-1.4% vs -3.1%，领先1.7%），亚什兰同比增速更快（-4.7% vs -16.9%），亚什兰自由现金流更多（$111.0M vs $-8.0M），过去两年LOUISIANA-PACIFIC CORP的营收复合增速更高（-11.6% 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。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
ASH vs LPX — 直观对比
营收规模更大
LPX
是对方的1.5倍
$386.0M
营收增速更快
ASH
高出12.2%
-16.9%
净利率更高
LPX
高出1.7%
-3.1%
自由现金流更多
ASH
多$119.0M
$-8.0M
两年增速更快
LPX
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $566.0M |
| 净利润 | $-12.0M | $-8.0M |
| 毛利率 | 27.2% | 15.0% |
| 营业利润率 | -1.6% | -1.6% |
| 净利率 | -3.1% | -1.4% |
| 营收同比 | -4.7% | -16.9% |
| 净利润同比 | 92.7% | -112.9% |
| 每股收益（稀释后） | $-0.26 | $-0.12 |
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ASHLPX
| Q4 25 | $386.0M | $566.0M | ||
| Q3 25 | $477.0M | $663.0M | ||
| Q2 25 | $463.0M | $755.0M | ||
| Q1 25 | $479.0M | $724.0M | ||
| Q4 24 | $405.0M | $681.0M | ||
| Q3 24 | $521.0M | $722.0M | ||
| Q2 24 | $544.0M | $814.0M | ||
| Q1 24 | $575.0M | $724.0M |
净利润ASHLPX
| Q4 25 | $-12.0M | $-8.0M | ||
| Q3 25 | $31.0M | $9.0M | ||
| Q2 25 | $-742.0M | $54.0M | ||
| Q1 25 | $31.0M | $91.0M | ||
| Q4 24 | $-165.0M | $62.0M | ||
| Q3 24 | $17.0M | $90.0M | ||
| Q2 24 | $6.0M | $160.0M | ||
| Q1 24 | $120.0M | $108.0M |
毛利率ASHLPX
| Q4 25 | 27.2% | 15.0% | ||
| Q3 25 | 33.3% | 19.5% | ||
| Q2 25 | 28.5% | 23.6% | ||
| Q1 25 | 30.7% | 27.2% | ||
| Q4 24 | 27.4% | 23.8% | ||
| Q3 24 | 33.2% | 26.7% | ||
| Q2 24 | 34.2% | 32.3% | ||
| Q1 24 | 28.0% | 29.6% |
营业利润率ASHLPX
| Q4 25 | -1.6% | -1.6% | ||
| Q3 25 | 12.8% | 2.7% | ||
| Q2 25 | -152.9% | 10.6% | ||
| Q1 25 | 10.6% | 16.6% | ||
| Q4 24 | -44.2% | 11.0% | ||
| Q3 24 | 6.1% | 16.1% | ||
| Q2 24 | -11.2% | 23.8% | ||
| Q1 24 | 3.7% | 20.0% |
净利率ASHLPX
| Q4 25 | -3.1% | -1.4% | ||
| Q3 25 | 6.5% | 1.4% | ||
| Q2 25 | -160.3% | 7.2% | ||
| Q1 25 | 6.5% | 12.6% | ||
| Q4 24 | -40.7% | 9.1% | ||
| Q3 24 | 3.3% | 12.5% | ||
| Q2 24 | 1.1% | 19.7% | ||
| Q1 24 | 20.9% | 14.9% |
每股收益（稀释后）ASHLPX
| Q4 25 | $-0.26 | $-0.12 | ||
| Q3 25 | $0.83 | $0.13 | ||
| Q2 25 | $-16.21 | $0.77 | ||
| Q1 25 | $0.65 | $1.30 | ||
| Q4 24 | $-3.50 | $0.90 | ||
| Q3 24 | $0.34 | $1.28 | ||
| Q2 24 | $0.12 | $2.23 | ||
| Q1 24 | $2.39 | $1.48 |
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 | $292.0M |
| 总债务越低越好 | $1.4B | $348.0M |
| 股东权益账面价值 | $1.9B | $1.7B |
| 总资产 | $4.5B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资ASHLPX
| Q4 25 | $304.0M | $292.0M | ||
| Q3 25 | $215.0M | $316.0M | ||
| Q2 25 | $207.0M | $333.0M | ||
| Q1 25 | $168.0M | $256.0M | ||
| Q4 24 | $219.0M | $340.0M | ||
| Q3 24 | $300.0M | $346.0M | ||
| Q2 24 | $399.0M | $317.0M | ||
| Q1 24 | $439.0M | $244.0M |
总债务ASHLPX
| Q4 25 | $1.4B | $348.0M | ||
| Q3 25 | $1.4B | $348.0M | ||
| Q2 25 | $1.4B | $348.0M | ||
| Q1 25 | $1.3B | $348.0M | ||
| Q4 24 | $1.3B | $348.0M | ||
| Q3 24 | $1.3B | $347.0M | ||
| Q2 24 | $1.3B | $347.0M | ||
| Q1 24 | $1.3B | $347.0M |
股东权益ASHLPX
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $2.6B | $1.7B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.9B | $1.7B | ||
| Q2 24 | $3.0B | $1.7B | ||
| Q1 24 | $3.1B | $1.6B |
总资产ASHLPX
| Q4 25 | $4.5B | $2.6B | ||
| Q3 25 | $4.6B | $2.6B | ||
| Q2 25 | $4.6B | $2.7B | ||
| Q1 25 | $5.2B | $2.6B | ||
| Q4 24 | $5.2B | $2.6B | ||
| Q3 24 | $5.6B | $2.6B | ||
| Q2 24 | $5.7B | $2.5B | ||
| Q1 24 | $5.9B | $2.5B |
负债/权益比ASHLPX
| Q4 25 | 0.74× | 0.20× | ||
| Q3 25 | 0.73× | 0.20× | ||
| Q2 25 | 0.73× | 0.20× | ||
| Q1 25 | 0.52× | 0.21× | ||
| Q4 24 | 0.51× | 0.21× | ||
| Q3 24 | 0.47× | 0.21× | ||
| Q2 24 | 0.45× | 0.21× | ||
| Q1 24 | 0.42× | 0.21× |
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 | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $-8.0M |
| 自由现金流率自由现金流/营收 | 28.8% | -1.4% |
| 资本支出强度资本支出/营收 | 3.6% | 13.3% |
| 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 | $91.0M |
8季度趋势，按日历期对齐
经营现金流ASHLPX
| Q4 25 | $125.0M | $67.0M | ||
| Q3 25 | $40.0M | $89.0M | ||
| Q2 25 | $115.0M | $162.0M | ||
| Q1 25 | $9.0M | $64.0M | ||
| Q4 24 | $-30.0M | $105.0M | ||
| Q3 24 | $80.0M | $183.0M | ||
| Q2 24 | $127.0M | $212.0M | ||
| Q1 24 | $54.0M | $105.0M |
自由现金流ASHLPX
| Q4 25 | $111.0M | $-8.0M | ||
| Q3 25 | $6.0M | $5.0M | ||
| Q2 25 | $95.0M | $94.0M | ||
| Q1 25 | $-12.0M | $0 | ||
| Q4 24 | $-53.0M | $43.0M | ||
| Q3 24 | $42.0M | $139.0M | ||
| Q2 24 | $98.0M | $176.0M | ||
| Q1 24 | $20.0M | $64.0M |
自由现金流率ASHLPX
| Q4 25 | 28.8% | -1.4% | ||
| Q3 25 | 1.3% | 0.8% | ||
| Q2 25 | 20.5% | 12.5% | ||
| Q1 25 | -2.5% | 0.0% | ||
| Q4 24 | -13.1% | 6.3% | ||
| Q3 24 | 8.1% | 19.3% | ||
| Q2 24 | 18.0% | 21.6% | ||
| Q1 24 | 3.5% | 8.8% |
资本支出强度ASHLPX
| Q4 25 | 3.6% | 13.3% | ||
| Q3 25 | 7.1% | 12.7% | ||
| Q2 25 | 4.3% | 9.0% | ||
| Q1 25 | 4.4% | 8.8% | ||
| Q4 24 | 5.7% | 9.1% | ||
| Q3 24 | 7.3% | 6.1% | ||
| Q2 24 | 5.3% | 4.4% | ||
| Q1 24 | 5.9% | 5.7% |
现金转化率ASHLPX
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | 9.89× | ||
| Q2 25 | — | 3.00× | ||
| Q1 25 | 0.29× | 0.70× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | 4.71× | 2.03× | ||
| Q2 24 | 21.17× | 1.32× | ||
| Q1 24 | 0.45× | 0.97× |
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% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
