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亚什兰（ASH）与MDU RESOURCES GROUP INC（MDU）财务数据对比。点击上方公司名可切换其他公司
MDU RESOURCES GROUP INC的季度营收约是亚什兰的1.4倍（$522.6M vs $386.0M），MDU RESOURCES GROUP INC净利率更高（14.6% vs -3.1%，领先17.7%），MDU RESOURCES GROUP INC同比增速更快（-1.6% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $-336.0M），过去两年MDU RESOURCES GROUP INC的营收复合增速更高（-5.7% 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。
MDU资源集团是一家总部位于美国北达科他州俾斯麦的企业，业务涵盖受监管的能源输送供应，以及公用事业相关的建筑材料与服务，业务范围覆盖美国48个州，是当地能源及基建服务领域的重要参与者。
ASH vs MDU — 直观对比
营收规模更大
MDU
是对方的1.4倍
$386.0M
营收增速更快
MDU
高出3.1%
-4.7%
净利率更高
MDU
高出17.7%
-3.1%
自由现金流更多
ASH
多$447.0M
$-336.0M
两年增速更快
MDU
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $522.6M |
| 净利润 | $-12.0M | $76.3M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | 20.5% |
| 净利率 | -3.1% | 14.6% |
| 营收同比 | -4.7% | -1.6% |
| 净利润同比 | 92.7% | 38.4% |
| 每股收益（稀释后） | $-0.26 | $0.37 |
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ASHMDU
| Q4 25 | $386.0M | $522.6M | ||
| Q3 25 | $477.0M | $313.6M | ||
| Q2 25 | $463.0M | $348.7M | ||
| Q1 25 | $479.0M | $678.0M | ||
| Q4 24 | $405.0M | $531.0M | ||
| Q3 24 | $521.0M | $290.7M | ||
| Q2 24 | $544.0M | $343.1M | ||
| Q1 24 | $575.0M | $588.2M |
净利润ASHMDU
| Q4 25 | $-12.0M | $76.3M | ||
| Q3 25 | $31.0M | $18.3M | ||
| Q2 25 | $-742.0M | $13.8M | ||
| Q1 25 | $31.0M | $82.0M | ||
| Q4 24 | $-165.0M | $55.2M | ||
| Q3 24 | $17.0M | $64.6M | ||
| Q2 24 | $6.0M | $60.4M | ||
| Q1 24 | $120.0M | $100.9M |
毛利率ASHMDU
| 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ASHMDU
| Q4 25 | -1.6% | 20.5% | ||
| Q3 25 | 12.8% | 12.7% | ||
| Q2 25 | -152.9% | 8.7% | ||
| Q1 25 | 10.6% | 16.6% | ||
| Q4 24 | -44.2% | 17.8% | ||
| Q3 24 | 6.1% | 12.0% | ||
| Q2 24 | -11.2% | 11.5% | ||
| Q1 24 | 3.7% | 16.4% |
净利率ASHMDU
| Q4 25 | -3.1% | 14.6% | ||
| Q3 25 | 6.5% | 5.8% | ||
| Q2 25 | -160.3% | 4.0% | ||
| Q1 25 | 6.5% | 12.1% | ||
| Q4 24 | -40.7% | 10.4% | ||
| Q3 24 | 3.3% | 22.2% | ||
| Q2 24 | 1.1% | 17.6% | ||
| Q1 24 | 20.9% | 17.2% |
每股收益（稀释后）ASHMDU
| Q4 25 | $-0.26 | $0.37 | ||
| Q3 25 | $0.83 | $0.09 | ||
| Q2 25 | $-16.21 | $0.07 | ||
| Q1 25 | $0.65 | $0.40 | ||
| Q4 24 | $-3.50 | $0.26 | ||
| Q3 24 | $0.34 | $0.32 | ||
| Q2 24 | $0.12 | $0.30 | ||
| Q1 24 | $2.39 | $0.49 |
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 | $28.2M |
| 总债务越低越好 | $1.4B | $2.7B |
| 股东权益账面价值 | $1.9B | $2.8B |
| 总资产 | $4.5B | $7.6B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资ASHMDU
| Q4 25 | $304.0M | $28.2M | ||
| Q3 25 | $215.0M | $75.9M | ||
| Q2 25 | $207.0M | $58.8M | ||
| Q1 25 | $168.0M | $59.5M | ||
| Q4 24 | $219.0M | $66.9M | ||
| Q3 24 | $300.0M | $88.3M | ||
| Q2 24 | $399.0M | $78.8M | ||
| Q1 24 | $439.0M | $72.7M |
总债务ASHMDU
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.3B | $2.2B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.3B | $2.3B | ||
| Q1 24 | $1.3B | $2.3B |
股东权益ASHMDU
| Q4 25 | $1.9B | $2.8B | ||
| Q3 25 | $1.9B | $2.7B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $2.6B | $2.7B | ||
| Q4 24 | $2.6B | $2.7B | ||
| Q3 24 | $2.9B | $3.1B | ||
| Q2 24 | $3.0B | $3.0B | ||
| Q1 24 | $3.1B | $3.0B |
总资产ASHMDU
| Q4 25 | $4.5B | $7.6B | ||
| Q3 25 | $4.6B | $7.2B | ||
| Q2 25 | $4.6B | $6.9B | ||
| Q1 25 | $5.2B | $7.0B | ||
| Q4 24 | $5.2B | $7.0B | ||
| Q3 24 | $5.6B | $8.2B | ||
| Q2 24 | $5.7B | $8.0B | ||
| Q1 24 | $5.9B | $7.8B |
负债/权益比ASHMDU
| Q4 25 | 0.74× | 0.97× | ||
| Q3 25 | 0.73× | 0.86× | ||
| Q2 25 | 0.73× | 0.80× | ||
| Q1 25 | 0.52× | 0.80× | ||
| Q4 24 | 0.51× | 0.85× | ||
| Q3 24 | 0.47× | 0.76× | ||
| Q2 24 | 0.45× | 0.75× | ||
| Q1 24 | 0.42× | 0.76× |
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 | $80.6M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $-336.0M |
| 自由现金流率自由现金流/营收 | 28.8% | -64.3% |
| 资本支出强度资本支出/营收 | 3.6% | 79.7% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $-297.0M |
8季度趋势，按日历期对齐
经营现金流ASHMDU
| Q4 25 | $125.0M | $80.6M | ||
| Q3 25 | $40.0M | $57.9M | ||
| Q2 25 | $115.0M | $117.4M | ||
| Q1 25 | $9.0M | $217.5M | ||
| Q4 24 | $-30.0M | $60.5M | ||
| Q3 24 | $80.0M | $140.2M | ||
| Q2 24 | $127.0M | $136.5M | ||
| Q1 24 | $54.0M | $165.1M |
自由现金流ASHMDU
| Q4 25 | $111.0M | $-336.0M | ||
| Q3 25 | $6.0M | $-121.9M | ||
| Q2 25 | $95.0M | $36.5M | ||
| Q1 25 | $-12.0M | $124.4M | ||
| Q4 24 | $-53.0M | $-95.8M | ||
| Q3 24 | $42.0M | $673.0K | ||
| Q2 24 | $98.0M | $26.5M | ||
| Q1 24 | $20.0M | $48.1M |
自由现金流率ASHMDU
| Q4 25 | 28.8% | -64.3% | ||
| Q3 25 | 1.3% | -38.9% | ||
| Q2 25 | 20.5% | 10.5% | ||
| Q1 25 | -2.5% | 18.4% | ||
| Q4 24 | -13.1% | -18.0% | ||
| Q3 24 | 8.1% | 0.2% | ||
| Q2 24 | 18.0% | 7.7% | ||
| Q1 24 | 3.5% | 8.2% |
资本支出强度ASHMDU
| Q4 25 | 3.6% | 79.7% | ||
| Q3 25 | 7.1% | 57.3% | ||
| Q2 25 | 4.3% | 23.2% | ||
| Q1 25 | 4.4% | 13.7% | ||
| Q4 24 | 5.7% | 29.4% | ||
| Q3 24 | 7.3% | 48.0% | ||
| Q2 24 | 5.3% | 32.0% | ||
| Q1 24 | 5.9% | 19.9% |
现金转化率ASHMDU
| Q4 25 | — | 1.06× | ||
| Q3 25 | 1.29× | 3.16× | ||
| Q2 25 | — | 8.52× | ||
| Q1 25 | 0.29× | 2.65× | ||
| Q4 24 | — | 1.10× | ||
| Q3 24 | 4.71× | 2.17× | ||
| Q2 24 | 21.17× | 2.26× | ||
| Q1 24 | 0.45× | 1.64× |
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% |
MDU
| Natural Gas Distribution | $382.8M | 73% |
| Commercial Utility Sales | $42.7M | 8% |
| Residential Utility Sales | $33.7M | 6% |
| Pipelineand Midstream | $31.1M | 6% |
| Natural Gas Transportation | $17.2M | 3% |
| Industrial Utility Sales | $10.1M | 2% |
| Natural Gas Storage | $6.4M | 1% |
| Other Utility Sales | $1.9M | 0% |
