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亚什兰（ASH）与晨星（MORN）财务数据对比。点击上方公司名可切换其他公司
晨星的季度营收约是亚什兰的1.7倍（$644.8M vs $386.0M），晨星同比增速更快（10.8% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $53.6M），过去两年晨星的营收复合增速更高（6.2% 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。
晨星（Morningstar, Inc.）是总部位于美国伊利诺伊州芝加哥的金融服务机构，由乔·曼苏托于1984年创立，面向全球提供全方位的投资研究、投资管理等专业服务，是全球颇具知名度的投资资讯服务提供商。
ASH vs MORN — 直观对比
营收规模更大
MORN
是对方的1.7倍
$386.0M
营收增速更快
MORN
高出15.5%
-4.7%
自由现金流更多
ASH
多$57.4M
$53.6M
两年增速更快
MORN
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $644.8M |
| 净利润 | $-12.0M | — |
| 毛利率 | 27.2% | 62.9% |
| 营业利润率 | -1.6% | 24.2% |
| 净利率 | -3.1% | — |
| 营收同比 | -4.7% | 10.8% |
| 净利润同比 | 92.7% | — |
| 每股收益（稀释后） | $-0.26 | $2.73 |
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ASHMORN
| Q1 26 | — | $644.8M | ||
| Q4 25 | $386.0M | $641.1M | ||
| Q3 25 | $477.0M | $617.4M | ||
| Q2 25 | $463.0M | $605.1M | ||
| Q1 25 | $479.0M | $581.9M | ||
| Q4 24 | $405.0M | $591.0M | ||
| Q3 24 | $521.0M | $569.4M | ||
| Q2 24 | $544.0M | $571.9M |
净利润ASHMORN
| Q1 26 | — | — | ||
| Q4 25 | $-12.0M | $115.1M | ||
| Q3 25 | $31.0M | $91.6M | ||
| Q2 25 | $-742.0M | $89.0M | ||
| Q1 25 | $31.0M | $78.5M | ||
| Q4 24 | $-165.0M | $116.9M | ||
| Q3 24 | $17.0M | $119.7M | ||
| Q2 24 | $6.0M | $69.1M |
毛利率ASHMORN
| Q1 26 | — | 62.9% | ||
| Q4 25 | 27.2% | 61.1% | ||
| Q3 25 | 33.3% | 60.9% | ||
| Q2 25 | 28.5% | 61.9% | ||
| Q1 25 | 30.7% | 60.2% | ||
| Q4 24 | 27.4% | 60.7% | ||
| Q3 24 | 33.2% | 60.9% | ||
| Q2 24 | 34.2% | 61.1% |
营业利润率ASHMORN
| Q1 26 | — | 24.2% | ||
| Q4 25 | -1.6% | 24.9% | ||
| Q3 25 | 12.8% | 20.7% | ||
| Q2 25 | -152.9% | 20.7% | ||
| Q1 25 | 10.6% | 19.6% | ||
| Q4 24 | -44.2% | 28.5% | ||
| Q3 24 | 6.1% | 20.3% | ||
| Q2 24 | -11.2% | 19.0% |
净利率ASHMORN
| Q1 26 | — | — | ||
| Q4 25 | -3.1% | 18.0% | ||
| Q3 25 | 6.5% | 14.8% | ||
| Q2 25 | -160.3% | 14.7% | ||
| Q1 25 | 6.5% | 13.5% | ||
| Q4 24 | -40.7% | 19.8% | ||
| Q3 24 | 3.3% | 21.0% | ||
| Q2 24 | 1.1% | 12.1% |
每股收益（稀释后）ASHMORN
| Q1 26 | — | $2.73 | ||
| Q4 25 | $-0.26 | $2.79 | ||
| Q3 25 | $0.83 | $2.17 | ||
| Q2 25 | $-16.21 | $2.09 | ||
| Q1 25 | $0.65 | $1.82 | ||
| Q4 24 | $-3.50 | $2.72 | ||
| Q3 24 | $0.34 | $2.77 | ||
| Q2 24 | $0.12 | $1.60 |
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 | $492.8M |
| 总债务越低越好 | $1.4B | $1.7B |
| 股东权益账面价值 | $1.9B | $1.0B |
| 总资产 | $4.5B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.74× | 1.68× |
8季度趋势，按日历期对齐
现金及短期投资ASHMORN
| Q1 26 | — | $492.8M | ||
| Q4 25 | $304.0M | $528.7M | ||
| Q3 25 | $215.0M | $40.3M | ||
| Q2 25 | $207.0M | $38.1M | ||
| Q1 25 | $168.0M | $47.7M | ||
| Q4 24 | $219.0M | $551.0M | ||
| Q3 24 | $300.0M | $48.8M | ||
| Q2 24 | $399.0M | $48.0M |
总债务ASHMORN
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $848.9M | ||
| Q2 25 | $1.4B | $838.8M | ||
| Q1 25 | $1.3B | $803.7M | ||
| Q4 24 | $1.3B | $698.6M | ||
| Q3 24 | $1.3B | $864.7M | ||
| Q2 24 | $1.3B | $899.6M |
股东权益ASHMORN
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.9B | $1.6B | ||
| Q2 24 | $3.0B | $1.4B |
总资产ASHMORN
| Q1 26 | — | $4.0B | ||
| Q4 25 | $4.5B | $3.6B | ||
| Q3 25 | $4.6B | $3.6B | ||
| Q2 25 | $4.6B | $3.6B | ||
| Q1 25 | $5.2B | $3.6B | ||
| Q4 24 | $5.2B | $3.5B | ||
| Q3 24 | $5.6B | $3.6B | ||
| Q2 24 | $5.7B | $3.4B |
负债/权益比ASHMORN
| Q1 26 | — | 1.68× | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | 0.56× | ||
| Q2 25 | 0.73× | 0.52× | ||
| Q1 25 | 0.52× | 0.50× | ||
| Q4 24 | 0.51× | 0.43× | ||
| Q3 24 | 0.47× | 0.55× | ||
| Q2 24 | 0.45× | 0.63× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $53.6M |
| 自由现金流率自由现金流/营收 | 28.8% | 8.3% |
| 资本支出强度资本支出/营收 | 3.6% | 5.9% |
| 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 | $437.4M |
8季度趋势，按日历期对齐
经营现金流ASHMORN
| Q1 26 | — | — | ||
| Q4 25 | $125.0M | $204.0M | ||
| Q3 25 | $40.0M | $195.7M | ||
| Q2 25 | $115.0M | $99.0M | ||
| Q1 25 | $9.0M | $91.0M | ||
| Q4 24 | $-30.0M | $153.4M | ||
| Q3 24 | $80.0M | $191.9M | ||
| Q2 24 | $127.0M | $152.7M |
自由现金流ASHMORN
| Q1 26 | — | $53.6M | ||
| Q4 25 | $111.0M | $161.3M | ||
| Q3 25 | $6.0M | $160.1M | ||
| Q2 25 | $95.0M | $62.4M | ||
| Q1 25 | $-12.0M | $58.8M | ||
| Q4 24 | $-53.0M | $112.8M | ||
| Q3 24 | $42.0M | $155.8M | ||
| Q2 24 | $98.0M | $120.8M |
自由现金流率ASHMORN
| Q1 26 | — | 8.3% | ||
| Q4 25 | 28.8% | 25.2% | ||
| Q3 25 | 1.3% | 25.9% | ||
| Q2 25 | 20.5% | 10.3% | ||
| Q1 25 | -2.5% | 10.1% | ||
| Q4 24 | -13.1% | 19.1% | ||
| Q3 24 | 8.1% | 27.4% | ||
| Q2 24 | 18.0% | 21.1% |
资本支出强度ASHMORN
| Q1 26 | — | 5.9% | ||
| Q4 25 | 3.6% | 6.7% | ||
| Q3 25 | 7.1% | 5.8% | ||
| Q2 25 | 4.3% | 6.0% | ||
| Q1 25 | 4.4% | 5.5% | ||
| Q4 24 | 5.7% | 6.9% | ||
| Q3 24 | 7.3% | 6.3% | ||
| Q2 24 | 5.3% | 5.6% |
现金转化率ASHMORN
| Q1 26 | — | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | 1.29× | 2.14× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | 0.29× | 1.16× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 4.71× | 1.60× | ||
| Q2 24 | 21.17× | 2.21× |
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% |
MORN
暂无分部数据
