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亚什兰（ASH）与NORTHERN OIL & GAS, INC.（NOG）财务数据对比。点击上方公司名可切换其他公司
NORTHERN OIL & GAS, INC.的季度营收约是亚什兰的1.6倍（$610.2M vs $386.0M），亚什兰净利率更高（-3.1% vs -11.6%，领先8.5%），亚什兰同比增速更快（-4.7% vs -72.6%），亚什兰自由现金流更多（$111.0M vs $43.2M），过去两年NORTHERN OIL & GAS, INC.的营收复合增速更高（4.3% 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。
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
ASH vs NOG — 直观对比
营收规模更大
NOG
是对方的1.6倍
$386.0M
营收增速更快
ASH
高出67.9%
-72.6%
净利率更高
ASH
高出8.5%
-11.6%
自由现金流更多
ASH
多$67.8M
$43.2M
两年增速更快
NOG
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $610.2M |
| 净利润 | $-12.0M | $-70.7M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | — |
| 净利率 | -3.1% | -11.6% |
| 营收同比 | -4.7% | -72.6% |
| 净利润同比 | 92.7% | -198.7% |
| 每股收益（稀释后） | $-0.26 | $-0.73 |
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ASHNOG
| Q1 26 | — | $610.2M | ||
| Q4 25 | $386.0M | $610.2M | ||
| Q3 25 | $477.0M | $556.6M | ||
| Q2 25 | $463.0M | $706.8M | ||
| Q1 25 | $479.0M | $602.1M | ||
| Q4 24 | $405.0M | $515.0M | ||
| Q3 24 | $521.0M | $753.6M | ||
| Q2 24 | $544.0M | $560.8M |
净利润ASHNOG
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $-12.0M | $-70.7M | ||
| Q3 25 | $31.0M | $-129.1M | ||
| Q2 25 | $-742.0M | $99.6M | ||
| Q1 25 | $31.0M | $139.0M | ||
| Q4 24 | $-165.0M | $71.7M | ||
| Q3 24 | $17.0M | $298.4M | ||
| Q2 24 | $6.0M | $138.6M |
毛利率ASHNOG
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | 80.4% | ||
| Q3 25 | 33.3% | 78.7% | ||
| Q2 25 | 28.5% | 82.8% | ||
| Q1 25 | 30.7% | 81.1% | ||
| Q4 24 | 27.4% | 77.4% | ||
| Q3 24 | 33.2% | 85.8% | ||
| Q2 24 | 34.2% | 82.0% |
营业利润率ASHNOG
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | -5.5% | ||
| Q3 25 | 12.8% | -22.6% | ||
| Q2 25 | -152.9% | 24.9% | ||
| Q1 25 | 10.6% | 38.1% | ||
| Q4 24 | -44.2% | 25.8% | ||
| Q3 24 | 6.1% | 57.6% | ||
| Q2 24 | -11.2% | 39.0% |
净利率ASHNOG
| Q1 26 | — | -11.6% | ||
| Q4 25 | -3.1% | -11.6% | ||
| Q3 25 | 6.5% | -23.2% | ||
| Q2 25 | -160.3% | 14.1% | ||
| Q1 25 | 6.5% | 23.1% | ||
| Q4 24 | -40.7% | 13.9% | ||
| Q3 24 | 3.3% | 39.6% | ||
| Q2 24 | 1.1% | 24.7% |
每股收益（稀释后）ASHNOG
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $-0.26 | $-0.67 | ||
| Q3 25 | $0.83 | $-1.33 | ||
| Q2 25 | $-16.21 | $1.00 | ||
| Q1 25 | $0.65 | $1.39 | ||
| Q4 24 | $-3.50 | $0.71 | ||
| Q3 24 | $0.34 | $2.96 | ||
| Q2 24 | $0.12 | $1.36 |
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 | $14.3M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $2.1B |
| 总资产 | $4.5B | $5.4B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资ASHNOG
| Q1 26 | — | $14.3M | ||
| Q4 25 | $304.0M | $14.3M | ||
| Q3 25 | $215.0M | $31.6M | ||
| Q2 25 | $207.0M | $25.9M | ||
| Q1 25 | $168.0M | $33.6M | ||
| Q4 24 | $219.0M | $8.9M | ||
| Q3 24 | $300.0M | $34.4M | ||
| Q2 24 | $399.0M | $7.8M |
总债务ASHNOG
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.4B | $2.4B | ||
| Q1 25 | $1.3B | $2.3B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.3B | $1.9B |
股东权益ASHNOG
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.6B | $2.3B | ||
| Q3 24 | $2.9B | $2.3B | ||
| Q2 24 | $3.0B | $2.1B |
总资产ASHNOG
| Q1 26 | — | $5.4B | ||
| Q4 25 | $4.5B | $5.4B | ||
| Q3 25 | $4.6B | $5.5B | ||
| Q2 25 | $4.6B | $5.7B | ||
| Q1 25 | $5.2B | $5.7B | ||
| Q4 24 | $5.2B | $5.6B | ||
| Q3 24 | $5.6B | $5.1B | ||
| Q2 24 | $5.7B | $4.7B |
负债/权益比ASHNOG
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 1.13× | ||
| Q3 25 | 0.73× | 1.05× | ||
| Q2 25 | 0.73× | 0.98× | ||
| Q1 25 | 0.52× | 0.96× | ||
| Q4 24 | 0.51× | 1.02× | ||
| Q3 24 | 0.47× | 0.84× | ||
| Q2 24 | 0.45× | 0.91× |
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 | $312.6M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $43.2M |
| 自由现金流率自由现金流/营收 | 28.8% | 7.1% |
| 资本支出强度资本支出/营收 | 3.6% | 31.5% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ASHNOG
| Q1 26 | — | $312.6M | ||
| Q4 25 | $125.0M | $312.6M | ||
| Q3 25 | $40.0M | $423.1M | ||
| Q2 25 | $115.0M | $362.1M | ||
| Q1 25 | $9.0M | $407.4M | ||
| Q4 24 | $-30.0M | $290.3M | ||
| Q3 24 | $80.0M | $385.8M | ||
| Q2 24 | $127.0M | $340.5M |
自由现金流ASHNOG
| Q1 26 | — | $43.2M | ||
| Q4 25 | $111.0M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $-53.0M | — | ||
| Q3 24 | $42.0M | — | ||
| Q2 24 | $98.0M | — |
自由现金流率ASHNOG
| Q1 26 | — | 7.1% | ||
| Q4 25 | 28.8% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | -2.5% | — | ||
| Q4 24 | -13.1% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 18.0% | — |
资本支出强度ASHNOG
| Q1 26 | — | 31.5% | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 5.3% | — |
现金转化率ASHNOG
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | 3.64× | ||
| Q1 25 | 0.29× | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | 4.71× | 1.29× | ||
| 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% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
