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亚什兰（ASH）与MACOM Technology Solutions Holdings, Inc.（MTSI）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MACOM Technology Solutions Holdings, Inc.的1.4倍（$386.0M vs $271.6M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs -3.1%，领先21.1%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $30.0M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% 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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
ASH vs MTSI — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $271.6M |
| 净利润 | $-12.0M | $48.8M |
| 毛利率 | 27.2% | 55.9% |
| 营业利润率 | -1.6% | 15.9% |
| 净利率 | -3.1% | 18.0% |
| 营收同比 | -4.7% | 24.5% |
| 净利润同比 | 92.7% | 129.1% |
| 每股收益（稀释后） | $-0.26 | $0.64 |
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
| Q1 26 | — | $271.6M | ||
| Q4 25 | $386.0M | $261.2M | ||
| Q3 25 | $477.0M | $252.1M | ||
| Q2 25 | $463.0M | $235.9M | ||
| Q1 25 | $479.0M | $218.1M | ||
| Q4 24 | $405.0M | — | ||
| Q3 24 | $521.0M | $200.7M | ||
| Q2 24 | $544.0M | $190.5M |
| Q1 26 | — | $48.8M | ||
| Q4 25 | $-12.0M | $45.1M | ||
| Q3 25 | $31.0M | $36.5M | ||
| Q2 25 | $-742.0M | $31.7M | ||
| Q1 25 | $31.0M | $-167.5M | ||
| Q4 24 | $-165.0M | — | ||
| Q3 24 | $17.0M | $29.4M | ||
| Q2 24 | $6.0M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | 27.2% | 54.5% | ||
| Q3 25 | 33.3% | 55.3% | ||
| Q2 25 | 28.5% | 55.2% | ||
| Q1 25 | 30.7% | 53.7% | ||
| Q4 24 | 27.4% | — | ||
| Q3 24 | 33.2% | 54.7% | ||
| Q2 24 | 34.2% | 53.2% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | -1.6% | 15.2% | ||
| Q3 25 | 12.8% | 14.9% | ||
| Q2 25 | -152.9% | 14.8% | ||
| Q1 25 | 10.6% | 8.0% | ||
| Q4 24 | -44.2% | — | ||
| Q3 24 | 6.1% | 13.7% | ||
| Q2 24 | -11.2% | 10.4% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | -3.1% | 17.3% | ||
| Q3 25 | 6.5% | 14.5% | ||
| Q2 25 | -160.3% | 13.4% | ||
| Q1 25 | 6.5% | -76.8% | ||
| Q4 24 | -40.7% | — | ||
| Q3 24 | 3.3% | 14.7% | ||
| Q2 24 | 1.1% | 10.5% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $-0.26 | $0.67 | ||
| Q3 25 | $0.83 | $0.48 | ||
| Q2 25 | $-16.21 | $0.42 | ||
| Q1 25 | $0.65 | $-2.30 | ||
| Q4 24 | $-3.50 | — | ||
| Q3 24 | $0.34 | $0.40 | ||
| Q2 24 | $0.12 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $1.4B |
| 总资产 | $4.5B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $768.5M | ||
| Q4 25 | $304.0M | $786.0M | ||
| Q3 25 | $215.0M | $735.2M | ||
| Q2 25 | $207.0M | $681.5M | ||
| Q1 25 | $168.0M | $656.5M | ||
| Q4 24 | $219.0M | — | ||
| Q3 24 | $300.0M | $581.9M | ||
| Q2 24 | $399.0M | $521.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.9B | $1.1B | ||
| Q2 24 | $3.0B | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.5B | $2.1B | ||
| Q3 25 | $4.6B | $2.0B | ||
| Q2 25 | $4.6B | $1.9B | ||
| Q1 25 | $5.2B | $1.8B | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $5.6B | $1.8B | ||
| Q2 24 | $5.7B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.45× | — |
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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $30.0M |
| 自由现金流率自由现金流/营收 | 28.8% | 11.0% |
| 资本支出强度资本支出/营收 | 3.6% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $42.9M | ||
| Q4 25 | $125.0M | $69.6M | ||
| Q3 25 | $40.0M | $60.4M | ||
| Q2 25 | $115.0M | $38.7M | ||
| Q1 25 | $9.0M | $66.7M | ||
| Q4 24 | $-30.0M | — | ||
| Q3 24 | $80.0M | $62.3M | ||
| Q2 24 | $127.0M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | $111.0M | $49.4M | ||
| Q3 25 | $6.0M | $51.6M | ||
| Q2 25 | $95.0M | $30.5M | ||
| Q1 25 | $-12.0M | $61.3M | ||
| Q4 24 | $-53.0M | — | ||
| Q3 24 | $42.0M | $57.1M | ||
| Q2 24 | $98.0M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 28.8% | 18.9% | ||
| Q3 25 | 1.3% | 20.5% | ||
| Q2 25 | 20.5% | 12.9% | ||
| Q1 25 | -2.5% | 28.1% | ||
| Q4 24 | -13.1% | — | ||
| Q3 24 | 8.1% | 28.5% | ||
| Q2 24 | 18.0% | 21.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 3.6% | 7.7% | ||
| Q3 25 | 7.1% | 3.5% | ||
| Q2 25 | 4.3% | 3.5% | ||
| Q1 25 | 4.4% | 2.4% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 7.3% | 2.6% | ||
| Q2 24 | 5.3% | 3.9% |
| Q1 26 | — | 0.88× | ||
| Q4 25 | — | 1.54× | ||
| Q3 25 | 1.29× | 1.65× | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | 2.12× | ||
| Q2 24 | 21.17× | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
