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亚什兰（ASH）与MARCUS CORP（MCS）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MARCUS CORP的2.0倍（$386.0M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% 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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
ASH vs MCS — 直观对比
营收规模更大
ASH
是对方的2.0倍
$193.5M
营收增速更快
MCS
高出7.4%
-4.7%
自由现金流更多
ASH
多$84.6M
$26.4M
两年增速更快
MCS
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $193.5M |
| 净利润 | $-12.0M | — |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | 0.9% |
| 净利率 | -3.1% | — |
| 营收同比 | -4.7% | 2.8% |
| 净利润同比 | 92.7% | — |
| 每股收益（稀释后） | $-0.26 | — |
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ASHMCS
| Q4 25 | $386.0M | $193.5M | ||
| Q3 25 | $477.0M | $210.2M | ||
| Q2 25 | $463.0M | $206.0M | ||
| Q1 25 | $479.0M | $148.8M | ||
| Q4 24 | $405.0M | $188.3M | ||
| Q3 24 | $521.0M | $232.7M | ||
| Q2 24 | $544.0M | $176.0M | ||
| Q1 24 | $575.0M | $138.5M |
净利润ASHMCS
| Q4 25 | $-12.0M | — | ||
| Q3 25 | $31.0M | $16.2M | ||
| Q2 25 | $-742.0M | $7.3M | ||
| Q1 25 | $31.0M | $-16.8M | ||
| Q4 24 | $-165.0M | $986.0K | ||
| Q3 24 | $17.0M | $23.3M | ||
| Q2 24 | $6.0M | $-20.2M | ||
| Q1 24 | $120.0M | $-11.9M |
毛利率ASHMCS
| 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ASHMCS
| Q4 25 | -1.6% | 0.9% | ||
| Q3 25 | 12.8% | 10.8% | ||
| Q2 25 | -152.9% | 6.3% | ||
| Q1 25 | 10.6% | -13.7% | ||
| Q4 24 | -44.2% | -1.2% | ||
| Q3 24 | 6.1% | 14.1% | ||
| Q2 24 | -11.2% | 1.3% | ||
| Q1 24 | 3.7% | -12.0% |
净利率ASHMCS
| Q4 25 | -3.1% | — | ||
| Q3 25 | 6.5% | 7.7% | ||
| Q2 25 | -160.3% | 3.6% | ||
| Q1 25 | 6.5% | -11.3% | ||
| Q4 24 | -40.7% | 0.5% | ||
| Q3 24 | 3.3% | 10.0% | ||
| Q2 24 | 1.1% | -11.5% | ||
| Q1 24 | 20.9% | -8.6% |
每股收益（稀释后）ASHMCS
| Q4 25 | $-0.26 | — | ||
| Q3 25 | $0.83 | — | ||
| Q2 25 | $-16.21 | — | ||
| Q1 25 | $0.65 | — | ||
| Q4 24 | $-3.50 | — | ||
| Q3 24 | $0.34 | — | ||
| Q2 24 | $0.12 | — | ||
| Q1 24 | $2.39 | — |
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 | $23.4M |
| 总债务越低越好 | $1.4B | $159.0M |
| 股东权益账面价值 | $1.9B | $457.4M |
| 总资产 | $4.5B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资ASHMCS
| Q4 25 | $304.0M | $23.4M | ||
| Q3 25 | $215.0M | $7.4M | ||
| Q2 25 | $207.0M | $14.9M | ||
| Q1 25 | $168.0M | $11.9M | ||
| Q4 24 | $219.0M | $40.8M | ||
| Q3 24 | $300.0M | $28.4M | ||
| Q2 24 | $399.0M | $32.8M | ||
| Q1 24 | $439.0M | $17.3M |
总债务ASHMCS
| Q4 25 | $1.4B | $159.0M | ||
| Q3 25 | $1.4B | $162.0M | ||
| Q2 25 | $1.4B | $179.9M | ||
| Q1 25 | $1.3B | $198.9M | ||
| Q4 24 | $1.3B | $159.1M | ||
| Q3 24 | $1.3B | $173.1M | ||
| Q2 24 | $1.3B | $175.7M | ||
| Q1 24 | $1.3B | $169.8M |
股东权益ASHMCS
| Q4 25 | $1.9B | $457.4M | ||
| Q3 25 | $1.9B | $454.3M | ||
| Q2 25 | $1.9B | $448.4M | ||
| Q1 25 | $2.6B | $441.8M | ||
| Q4 24 | $2.6B | $464.9M | ||
| Q3 24 | $2.9B | $462.3M | ||
| Q2 24 | $3.0B | $449.4M | ||
| Q1 24 | $3.1B | $459.3M |
总资产ASHMCS
| Q4 25 | $4.5B | $1.0B | ||
| Q3 25 | $4.6B | $1.0B | ||
| Q2 25 | $4.6B | $1.0B | ||
| Q1 25 | $5.2B | $1.0B | ||
| Q4 24 | $5.2B | $1.0B | ||
| Q3 24 | $5.6B | $1.0B | ||
| Q2 24 | $5.7B | $1.1B | ||
| Q1 24 | $5.9B | $1.0B |
负债/权益比ASHMCS
| Q4 25 | 0.74× | 0.35× | ||
| Q3 25 | 0.73× | 0.36× | ||
| Q2 25 | 0.73× | 0.40× | ||
| Q1 25 | 0.52× | 0.45× | ||
| Q4 24 | 0.51× | 0.34× | ||
| Q3 24 | 0.47× | 0.37× | ||
| Q2 24 | 0.45× | 0.39× | ||
| Q1 24 | 0.42× | 0.37× |
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 | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $26.4M |
| 自由现金流率自由现金流/营收 | 28.8% | 13.6% |
| 资本支出强度资本支出/营收 | 3.6% | 11.6% |
| 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 | $989.0K |
8季度趋势，按日历期对齐
经营现金流ASHMCS
| Q4 25 | $125.0M | $48.8M | ||
| Q3 25 | $40.0M | $39.1M | ||
| Q2 25 | $115.0M | $31.6M | ||
| Q1 25 | $9.0M | $-35.3M | ||
| Q4 24 | $-30.0M | $52.6M | ||
| Q3 24 | $80.0M | $30.5M | ||
| Q2 24 | $127.0M | $36.0M | ||
| Q1 24 | $54.0M | $-15.1M |
自由现金流ASHMCS
| Q4 25 | $111.0M | $26.4M | ||
| Q3 25 | $6.0M | $18.2M | ||
| Q2 25 | $95.0M | $14.7M | ||
| Q1 25 | $-12.0M | $-58.3M | ||
| Q4 24 | $-53.0M | $27.1M | ||
| Q3 24 | $42.0M | $12.0M | ||
| Q2 24 | $98.0M | $16.1M | ||
| Q1 24 | $20.0M | $-30.5M |
自由现金流率ASHMCS
| Q4 25 | 28.8% | 13.6% | ||
| Q3 25 | 1.3% | 8.7% | ||
| Q2 25 | 20.5% | 7.1% | ||
| Q1 25 | -2.5% | -39.2% | ||
| Q4 24 | -13.1% | 14.4% | ||
| Q3 24 | 8.1% | 5.2% | ||
| Q2 24 | 18.0% | 9.2% | ||
| Q1 24 | 3.5% | -22.0% |
资本支出强度ASHMCS
| Q4 25 | 3.6% | 11.6% | ||
| Q3 25 | 7.1% | 9.9% | ||
| Q2 25 | 4.3% | 8.2% | ||
| Q1 25 | 4.4% | 15.5% | ||
| Q4 24 | 5.7% | 13.5% | ||
| Q3 24 | 7.3% | 7.9% | ||
| Q2 24 | 5.3% | 11.3% | ||
| Q1 24 | 5.9% | 11.1% |
现金转化率ASHMCS
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | 2.41× | ||
| Q2 25 | — | 4.32× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | 4.71× | 1.31× | ||
| 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% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
