vs
亚什兰（ASH）与National Energy Services Reunited Corp.（NESR）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National Energy Services Reunited Corp.的1.3倍（$386.0M vs $295.3M），National Energy Services Reunited Corp.净利率更高（6.0% vs -3.1%，领先9.1%），亚什兰同比增速更快（-4.7% vs -12.2%），亚什兰自由现金流更多（$111.0M vs $-34.1M）
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。
National Energy Services Reunited Corp.是一家领先的综合油田服务供应商，为油气上游运营商提供钻井建设、完井、生产运营及干预作业等全系列解决方案，核心市场覆盖中东、北非及东亚地区，服务各国国家石油公司及国际能源客户。
ASH vs NESR — 直观对比
营收规模更大
ASH
是对方的1.3倍
$295.3M
营收增速更快
ASH
高出7.5%
-12.2%
净利率更高
NESR
高出9.1%
-3.1%
自由现金流更多
ASH
多$145.1M
$-34.1M
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $295.3M |
| 净利润 | $-12.0M | $17.7M |
| 毛利率 | 27.2% | 12.0% |
| 营业利润率 | -1.6% | 6.6% |
| 净利率 | -3.1% | 6.0% |
| 营收同比 | -4.7% | -12.2% |
| 净利润同比 | 92.7% | -14.0% |
| 每股收益（稀释后） | $-0.26 | $0.18 |
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ASHNESR
| Q4 25 | $386.0M | — | ||
| Q3 25 | $477.0M | $295.3M | ||
| Q2 25 | $463.0M | $327.4M | ||
| Q1 25 | $479.0M | $303.1M | ||
| Q4 24 | $405.0M | — | ||
| Q3 24 | $521.0M | $336.2M | ||
| Q2 24 | $544.0M | $325.0M | ||
| Q1 24 | $575.0M | — |
净利润ASHNESR
| Q4 25 | $-12.0M | — | ||
| Q3 25 | $31.0M | $17.7M | ||
| Q2 25 | $-742.0M | $15.2M | ||
| Q1 25 | $31.0M | $10.4M | ||
| Q4 24 | $-165.0M | — | ||
| Q3 24 | $17.0M | $20.6M | ||
| Q2 24 | $6.0M | $18.9M | ||
| Q1 24 | $120.0M | — |
毛利率ASHNESR
| Q4 25 | 27.2% | — | ||
| Q3 25 | 33.3% | 12.0% | ||
| Q2 25 | 28.5% | 13.4% | ||
| Q1 25 | 30.7% | 12.4% | ||
| Q4 24 | 27.4% | — | ||
| Q3 24 | 33.2% | 15.9% | ||
| Q2 24 | 34.2% | 16.4% | ||
| Q1 24 | 28.0% | — |
营业利润率ASHNESR
| Q4 25 | -1.6% | — | ||
| Q3 25 | 12.8% | 6.6% | ||
| Q2 25 | -152.9% | 8.3% | ||
| Q1 25 | 10.6% | 6.9% | ||
| Q4 24 | -44.2% | — | ||
| Q3 24 | 6.1% | 10.5% | ||
| Q2 24 | -11.2% | 10.5% | ||
| Q1 24 | 3.7% | — |
净利率ASHNESR
| Q4 25 | -3.1% | — | ||
| Q3 25 | 6.5% | 6.0% | ||
| Q2 25 | -160.3% | 4.6% | ||
| Q1 25 | 6.5% | 3.4% | ||
| Q4 24 | -40.7% | — | ||
| Q3 24 | 3.3% | 6.1% | ||
| Q2 24 | 1.1% | 5.8% | ||
| Q1 24 | 20.9% | — |
每股收益（稀释后）ASHNESR
| Q4 25 | $-0.26 | — | ||
| Q3 25 | $0.83 | $0.18 | ||
| Q2 25 | $-16.21 | $0.16 | ||
| Q1 25 | $0.65 | $0.11 | ||
| Q4 24 | $-3.50 | — | ||
| Q3 24 | $0.34 | $0.22 | ||
| Q2 24 | $0.12 | $0.20 | ||
| 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 | $69.7M |
| 总债务越低越好 | $1.4B | $274.1M |
| 股东权益账面价值 | $1.9B | $956.7M |
| 总资产 | $4.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资ASHNESR
| Q4 25 | $304.0M | — | ||
| Q3 25 | $215.0M | $69.7M | ||
| Q2 25 | $207.0M | $131.8M | ||
| Q1 25 | $168.0M | $78.7M | ||
| Q4 24 | $219.0M | — | ||
| Q3 24 | $300.0M | $118.2M | ||
| Q2 24 | $399.0M | $75.0M | ||
| Q1 24 | $439.0M | — |
总债务ASHNESR
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $274.1M | ||
| Q2 25 | $1.4B | $291.7M | ||
| Q1 25 | $1.3B | $309.2M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $358.7M | ||
| Q2 24 | $1.3B | $376.7M | ||
| Q1 24 | $1.3B | — |
股东权益ASHNESR
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $956.7M | ||
| Q2 25 | $1.9B | $936.9M | ||
| Q1 25 | $2.6B | $920.5M | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.9B | $873.5M | ||
| Q2 24 | $3.0B | $851.4M | ||
| Q1 24 | $3.1B | — |
总资产ASHNESR
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.6B | $1.8B | ||
| Q2 25 | $4.6B | $1.8B | ||
| Q1 25 | $5.2B | $1.8B | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $5.6B | $1.8B | ||
| Q2 24 | $5.7B | $1.8B | ||
| Q1 24 | $5.9B | — |
负债/权益比ASHNESR
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | 0.29× | ||
| Q2 25 | 0.73× | 0.31× | ||
| Q1 25 | 0.52× | 0.34× | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.47× | 0.41× | ||
| Q2 24 | 0.45× | 0.44× | ||
| Q1 24 | 0.42× | — |
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 | $6.7M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $-34.1M |
| 自由现金流率自由现金流/营收 | 28.8% | -11.5% |
| 资本支出强度资本支出/营收 | 3.6% | 13.8% |
| 现金转化率经营现金流/净利润 | — | 0.38× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $68.5M |
8季度趋势，按日历期对齐
经营现金流ASHNESR
| Q4 25 | $125.0M | — | ||
| Q3 25 | $40.0M | $6.7M | ||
| Q2 25 | $115.0M | $98.5M | ||
| Q1 25 | $9.0M | $20.5M | ||
| Q4 24 | $-30.0M | — | ||
| Q3 24 | $80.0M | $70.8M | ||
| Q2 24 | $127.0M | — | ||
| Q1 24 | $54.0M | — |
自由现金流ASHNESR
| Q4 25 | $111.0M | — | ||
| Q3 25 | $6.0M | $-34.1M | ||
| Q2 25 | $95.0M | $68.7M | ||
| Q1 25 | $-12.0M | $-9.6M | ||
| Q4 24 | $-53.0M | — | ||
| Q3 24 | $42.0M | $43.4M | ||
| Q2 24 | $98.0M | — | ||
| Q1 24 | $20.0M | — |
自由现金流率ASHNESR
| Q4 25 | 28.8% | — | ||
| Q3 25 | 1.3% | -11.5% | ||
| Q2 25 | 20.5% | 21.0% | ||
| Q1 25 | -2.5% | -3.2% | ||
| Q4 24 | -13.1% | — | ||
| Q3 24 | 8.1% | 12.9% | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 3.5% | — |
资本支出强度ASHNESR
| Q4 25 | 3.6% | — | ||
| Q3 25 | 7.1% | 13.8% | ||
| Q2 25 | 4.3% | 9.1% | ||
| Q1 25 | 4.4% | 9.9% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 7.3% | 8.1% | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 5.9% | — |
现金转化率ASHNESR
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | 0.38× | ||
| Q2 25 | — | 6.48× | ||
| Q1 25 | 0.29× | 1.97× | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | 3.43× | ||
| 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% |
NESR
| Production Services | $174.4M | 59% |
| Drilling And Evaluation Services | $120.9M | 41% |
