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亚什兰（ASH）与MACERICH CO（MAC）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MACERICH CO的1.5倍（$386.0M vs $261.7M），亚什兰净利率更高（-3.1% vs -7.2%，领先4.1%），MACERICH CO同比增速更快（-4.4% vs -4.7%），过去两年MACERICH CO的营收复合增速更高（12.0% 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。
Macerich是一家专注于购物中心投资的房地产投资信托基金，为美国第三大购物中心持有及运营商。截至2024年12月31日，公司共持有43处物业的权益，可租赁总面积达4300万平方英尺，公司名称由创始人Mace Siegel与Richard Cohen的名字组合而来。
ASH vs MAC — 直观对比
营收规模更大
ASH
是对方的1.5倍
$261.7M
营收增速更快
MAC
高出0.3%
-4.7%
净利率更高
ASH
高出4.1%
-7.2%
两年增速更快
MAC
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $261.7M |
| 净利润 | $-12.0M | $-18.8M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | — |
| 净利率 | -3.1% | -7.2% |
| 营收同比 | -4.7% | -4.4% |
| 净利润同比 | 92.7% | 91.1% |
| 每股收益（稀释后） | $-0.26 | $-0.08 |
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ASHMAC
| Q4 25 | $386.0M | $261.7M | ||
| Q3 25 | $477.0M | $253.3M | ||
| Q2 25 | $463.0M | $249.8M | ||
| Q1 25 | $479.0M | $249.2M | ||
| Q4 24 | $405.0M | $273.7M | ||
| Q3 24 | $521.0M | $220.2M | ||
| Q2 24 | $544.0M | $215.5M | ||
| Q1 24 | $575.0M | $208.8M |
净利润ASHMAC
| Q4 25 | $-12.0M | $-18.8M | ||
| Q3 25 | $31.0M | $-87.4M | ||
| Q2 25 | $-742.0M | $-40.9M | ||
| Q1 25 | $31.0M | $-50.1M | ||
| Q4 24 | $-165.0M | $-211.2M | ||
| Q3 24 | $17.0M | $-108.2M | ||
| Q2 24 | $6.0M | $252.0M | ||
| Q1 24 | $120.0M | $-126.7M |
毛利率ASHMAC
| Q4 25 | 27.2% | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 28.5% | — | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | 27.4% | — | ||
| Q3 24 | 33.2% | — | ||
| Q2 24 | 34.2% | — | ||
| Q1 24 | 28.0% | — |
营业利润率ASHMAC
| Q4 25 | -1.6% | — | ||
| Q3 25 | 12.8% | — | ||
| Q2 25 | -152.9% | — | ||
| Q1 25 | 10.6% | — | ||
| Q4 24 | -44.2% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | -11.2% | — | ||
| Q1 24 | 3.7% | — |
净利率ASHMAC
| Q4 25 | -3.1% | -7.2% | ||
| Q3 25 | 6.5% | -34.5% | ||
| Q2 25 | -160.3% | -16.4% | ||
| Q1 25 | 6.5% | -20.1% | ||
| Q4 24 | -40.7% | -77.2% | ||
| Q3 24 | 3.3% | -49.1% | ||
| Q2 24 | 1.1% | 116.9% | ||
| Q1 24 | 20.9% | -60.7% |
每股收益（稀释后）ASHMAC
| Q4 25 | $-0.26 | $-0.08 | ||
| Q3 25 | $0.83 | $-0.34 | ||
| Q2 25 | $-16.21 | $-0.16 | ||
| Q1 25 | $0.65 | $-0.20 | ||
| Q4 24 | $-3.50 | $-0.95 | ||
| Q3 24 | $0.34 | $-0.50 | ||
| Q2 24 | $0.12 | $1.16 | ||
| Q1 24 | $2.39 | $-0.59 |
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 | $280.2M |
| 总债务越低越好 | $1.4B | $5.1B |
| 股东权益账面价值 | $1.9B | $2.4B |
| 总资产 | $4.5B | $8.4B |
| 负债/权益比越低杠杆越低 | 0.74× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资ASHMAC
| Q4 25 | $304.0M | $280.2M | ||
| Q3 25 | $215.0M | $290.2M | ||
| Q2 25 | $207.0M | $131.1M | ||
| Q1 25 | $168.0M | $253.2M | ||
| Q4 24 | $219.0M | $89.9M | ||
| Q3 24 | $300.0M | $116.5M | ||
| Q2 24 | $399.0M | $70.7M | ||
| Q1 24 | $439.0M | $120.1M |
总债务ASHMAC
| Q4 25 | $1.4B | $5.1B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.4B | $5.2B | ||
| Q1 25 | $1.3B | $5.2B | ||
| Q4 24 | $1.3B | $4.9B | ||
| Q3 24 | $1.3B | $4.3B | ||
| Q2 24 | $1.3B | $4.4B | ||
| Q1 24 | $1.3B | $4.1B |
股东权益ASHMAC
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $2.6B | $2.7B | ||
| Q4 24 | $2.6B | $2.8B | ||
| Q3 24 | $2.9B | $2.5B | ||
| Q2 24 | $3.0B | $2.5B | ||
| Q1 24 | $3.1B | $2.3B |
总资产ASHMAC
| Q4 25 | $4.5B | $8.4B | ||
| Q3 25 | $4.6B | $8.4B | ||
| Q2 25 | $4.6B | $8.7B | ||
| Q1 25 | $5.2B | $8.7B | ||
| Q4 24 | $5.2B | $8.6B | ||
| Q3 24 | $5.6B | $7.6B | ||
| Q2 24 | $5.7B | $7.8B | ||
| Q1 24 | $5.9B | $7.4B |
负债/权益比ASHMAC
| Q4 25 | 0.74× | 2.07× | ||
| Q3 25 | 0.73× | 2.02× | ||
| Q2 25 | 0.73× | 2.02× | ||
| Q1 25 | 0.52× | 1.96× | ||
| Q4 24 | 0.51× | 1.78× | ||
| Q3 24 | 0.47× | 1.73× | ||
| Q2 24 | 0.45× | 1.75× | ||
| Q1 24 | 0.42× | 1.79× |
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 | $50.2M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | — |
| 自由现金流率自由现金流/营收 | 28.8% | — |
| 资本支出强度资本支出/营收 | 3.6% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ASHMAC
| Q4 25 | $125.0M | $50.2M | ||
| Q3 25 | $40.0M | $112.4M | ||
| Q2 25 | $115.0M | $70.5M | ||
| Q1 25 | $9.0M | $88.5M | ||
| Q4 24 | $-30.0M | $54.9M | ||
| Q3 24 | $80.0M | $100.0M | ||
| Q2 24 | $127.0M | $67.4M | ||
| Q1 24 | $54.0M | $61.1M |
自由现金流ASHMAC
| Q4 25 | $111.0M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $-53.0M | — | ||
| Q3 24 | $42.0M | — | ||
| Q2 24 | $98.0M | — | ||
| Q1 24 | $20.0M | — |
自由现金流率ASHMAC
| Q4 25 | 28.8% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | -2.5% | — | ||
| Q4 24 | -13.1% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 3.5% | — |
资本支出强度ASHMAC
| Q4 25 | 3.6% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 5.9% | — |
现金转化率ASHMAC
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | — | ||
| Q2 24 | 21.17× | 0.27× | ||
| 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% |
MAC
暂无分部数据
