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亚什兰（ASH）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是亚什兰的1.2倍（$463.1M vs $386.0M），Mativ Holdings, Inc.净利率更高（21.8% vs -3.1%，领先24.9%），Mativ Holdings, Inc.同比增速更快（1.0% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $8.0M），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% 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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
ASH vs MATV — 直观对比
营收规模更大
MATV
是对方的1.2倍
$386.0M
营收增速更快
MATV
高出5.7%
-4.7%
净利率更高
MATV
高出24.9%
-3.1%
自由现金流更多
ASH
多$103.0M
$8.0M
两年增速更快
MATV
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $463.1M |
| 净利润 | $-12.0M | $100.8M |
| 毛利率 | 27.2% | 18.8% |
| 营业利润率 | -1.6% | 2.2% |
| 净利率 | -3.1% | 21.8% |
| 营收同比 | -4.7% | 1.0% |
| 净利润同比 | 92.7% | 6620.0% |
| 每股收益（稀释后） | $-0.26 | $1.87 |
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ASHMATV
| Q4 25 | $386.0M | $463.1M | ||
| Q3 25 | $477.0M | $513.7M | ||
| Q2 25 | $463.0M | $525.4M | ||
| Q1 25 | $479.0M | $484.8M | ||
| Q4 24 | $405.0M | $458.6M | ||
| Q3 24 | $521.0M | $498.5M | ||
| Q2 24 | $544.0M | $523.8M | ||
| Q1 24 | $575.0M | $500.2M |
净利润ASHMATV
| Q4 25 | $-12.0M | $100.8M | ||
| Q3 25 | $31.0M | $-3.2M | ||
| Q2 25 | $-742.0M | $-9.5M | ||
| Q1 25 | $31.0M | $-425.5M | ||
| Q4 24 | $-165.0M | $1.5M | ||
| Q3 24 | $17.0M | $-20.8M | ||
| Q2 24 | $6.0M | $-1.4M | ||
| Q1 24 | $120.0M | $-28.0M |
毛利率ASHMATV
| Q4 25 | 27.2% | 18.8% | ||
| Q3 25 | 33.3% | 19.3% | ||
| Q2 25 | 28.5% | 19.7% | ||
| Q1 25 | 30.7% | 15.0% | ||
| Q4 24 | 27.4% | 16.9% | ||
| Q3 24 | 33.2% | 18.8% | ||
| Q2 24 | 34.2% | 20.8% | ||
| Q1 24 | 28.0% | 16.8% |
营业利润率ASHMATV
| Q4 25 | -1.6% | 2.2% | ||
| Q3 25 | 12.8% | 3.1% | ||
| Q2 25 | -152.9% | 3.8% | ||
| Q1 25 | 10.6% | -88.8% | ||
| Q4 24 | -44.2% | 0.6% | ||
| Q3 24 | 6.1% | 1.4% | ||
| Q2 24 | -11.2% | 2.0% | ||
| Q1 24 | 3.7% | -2.8% |
净利率ASHMATV
| Q4 25 | -3.1% | 21.8% | ||
| Q3 25 | 6.5% | -0.6% | ||
| Q2 25 | -160.3% | -1.8% | ||
| Q1 25 | 6.5% | -87.8% | ||
| Q4 24 | -40.7% | 0.3% | ||
| Q3 24 | 3.3% | -4.2% | ||
| Q2 24 | 1.1% | -0.3% | ||
| Q1 24 | 20.9% | -5.6% |
每股收益（稀释后）ASHMATV
| Q4 25 | $-0.26 | $1.87 | ||
| Q3 25 | $0.83 | $-0.06 | ||
| Q2 25 | $-16.21 | $-0.18 | ||
| Q1 25 | $0.65 | $-7.82 | ||
| Q4 24 | $-3.50 | $0.03 | ||
| Q3 24 | $0.34 | $-0.38 | ||
| Q2 24 | $0.12 | $-0.03 | ||
| Q1 24 | $2.39 | $-0.52 |
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 | $84.2M |
| 总债务越低越好 | $1.4B | $1.0B |
| 股东权益账面价值 | $1.9B | $498.7M |
| 总资产 | $4.5B | $2.1B |
| 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ASHMATV
| Q4 25 | $304.0M | $84.2M | ||
| Q3 25 | $215.0M | $97.1M | ||
| Q2 25 | $207.0M | $95.6M | ||
| Q1 25 | $168.0M | $84.0M | ||
| Q4 24 | $219.0M | $94.3M | ||
| Q3 24 | $300.0M | $162.2M | ||
| Q2 24 | $399.0M | $133.4M | ||
| Q1 24 | $439.0M | $128.9M |
总债务ASHMATV
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
股东权益ASHMATV
| Q4 25 | $1.9B | $498.7M | ||
| Q3 25 | $1.9B | $397.4M | ||
| Q2 25 | $1.9B | $416.6M | ||
| Q1 25 | $2.6B | $428.2M | ||
| Q4 24 | $2.6B | $858.5M | ||
| Q3 24 | $2.9B | $882.3M | ||
| Q2 24 | $3.0B | $898.0M | ||
| Q1 24 | $3.1B | $906.9M |
总资产ASHMATV
| Q4 25 | $4.5B | $2.1B | ||
| Q3 25 | $4.6B | $2.0B | ||
| Q2 25 | $4.6B | $2.1B | ||
| Q1 25 | $5.2B | $2.1B | ||
| Q4 24 | $5.2B | $2.4B | ||
| Q3 24 | $5.6B | $2.6B | ||
| Q2 24 | $5.7B | $2.6B | ||
| Q1 24 | $5.9B | $2.7B |
负债/权益比ASHMATV
| Q4 25 | 0.74× | 2.07× | ||
| Q3 25 | 0.73× | 2.63× | ||
| Q2 25 | 0.73× | 2.66× | ||
| Q1 25 | 0.52× | 2.67× | ||
| Q4 24 | 0.51× | 1.30× | ||
| Q3 24 | 0.47× | 1.32× | ||
| Q2 24 | 0.45× | 1.29× | ||
| Q1 24 | 0.42× | 1.30× |
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 | $19.3M |
| 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% | 1.7% |
| 资本支出强度资本支出/营收 | 3.6% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 0.19× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $93.8M |
8季度趋势，按日历期对齐
经营现金流ASHMATV
| Q4 25 | $125.0M | $19.3M | ||
| Q3 25 | $40.0M | $72.8M | ||
| Q2 25 | $115.0M | $57.6M | ||
| Q1 25 | $9.0M | $-15.9M | ||
| Q4 24 | $-30.0M | $24.1M | ||
| Q3 24 | $80.0M | $37.6M | ||
| Q2 24 | $127.0M | $46.1M | ||
| Q1 24 | $54.0M | $-13.0M |
自由现金流ASHMATV
| Q4 25 | $111.0M | $8.0M | ||
| Q3 25 | $6.0M | $66.7M | ||
| Q2 25 | $95.0M | $48.9M | ||
| Q1 25 | $-12.0M | $-29.8M | ||
| Q4 24 | $-53.0M | $2.0M | ||
| Q3 24 | $42.0M | $25.5M | ||
| Q2 24 | $98.0M | $37.4M | ||
| Q1 24 | $20.0M | $-25.1M |
自由现金流率ASHMATV
| Q4 25 | 28.8% | 1.7% | ||
| Q3 25 | 1.3% | 13.0% | ||
| Q2 25 | 20.5% | 9.3% | ||
| Q1 25 | -2.5% | -6.1% | ||
| Q4 24 | -13.1% | 0.4% | ||
| Q3 24 | 8.1% | 5.1% | ||
| Q2 24 | 18.0% | 7.1% | ||
| Q1 24 | 3.5% | -5.0% |
资本支出强度ASHMATV
| Q4 25 | 3.6% | 2.4% | ||
| Q3 25 | 7.1% | 1.2% | ||
| Q2 25 | 4.3% | 1.7% | ||
| Q1 25 | 4.4% | 2.9% | ||
| Q4 24 | 5.7% | 4.8% | ||
| Q3 24 | 7.3% | 2.4% | ||
| Q2 24 | 5.3% | 1.7% | ||
| Q1 24 | 5.9% | 2.4% |
现金转化率ASHMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | 16.07× | ||
| 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% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
