vs
亚什兰（ASH）与OGE ENERGY CORP.（OGE）财务数据对比。点击上方公司名可切换其他公司
OGE ENERGY CORP.的季度营收约是亚什兰的1.8倍（$701.7M vs $386.0M），OGE ENERGY CORP.净利率更高（9.9% vs -3.1%，领先13.0%），亚什兰同比增速更快（-4.7% vs -5.8%），亚什兰自由现金流更多（$111.0M vs $83.1M），过去两年OGE ENERGY CORP.的营收复合增速更高（9.7% 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。
OGE能源集团是一家受监管的公用电力企业，核心子公司俄克拉荷马燃气电力公司为俄克拉荷马州及阿肯色州超84.3万用户提供服务，覆盖俄克拉荷马城大都会区150万居民，总部设于俄克拉荷马城市中心。集团原旗下天然气管道业务Enogex于2013年与CenterPoint Energy的中游业务合并组建为Enable Midstream。
ASH vs OGE — 直观对比
营收规模更大
OGE
是对方的1.8倍
$386.0M
营收增速更快
ASH
高出1.1%
-5.8%
净利率更高
OGE
高出13.0%
-3.1%
自由现金流更多
ASH
多$27.9M
$83.1M
两年增速更快
OGE
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $701.7M |
| 净利润 | $-12.0M | $69.2M |
| 毛利率 | 27.2% | 59.2% |
| 营业利润率 | -1.6% | 19.7% |
| 净利率 | -3.1% | 9.9% |
| 营收同比 | -4.7% | -5.8% |
| 净利润同比 | 92.7% | -32.1% |
| 每股收益（稀释后） | $-0.26 | $0.34 |
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ASHOGE
| Q4 25 | $386.0M | $701.7M | ||
| Q3 25 | $477.0M | $1.0B | ||
| Q2 25 | $463.0M | $719.7M | ||
| Q1 25 | $479.0M | $741.1M | ||
| Q4 24 | $405.0M | $744.7M | ||
| Q3 24 | $521.0M | $945.2M | ||
| Q2 24 | $544.0M | $644.1M | ||
| Q1 24 | $575.0M | $582.6M |
净利润ASHOGE
| Q4 25 | $-12.0M | $69.2M | ||
| Q3 25 | $31.0M | $231.3M | ||
| Q2 25 | $-742.0M | $107.5M | ||
| Q1 25 | $31.0M | $62.7M | ||
| Q4 24 | $-165.0M | $101.9M | ||
| Q3 24 | $17.0M | $218.7M | ||
| Q2 24 | $6.0M | $102.3M | ||
| Q1 24 | $120.0M | $18.6M |
毛利率ASHOGE
| Q4 25 | 27.2% | 59.2% | ||
| Q3 25 | 33.3% | 62.2% | ||
| Q2 25 | 28.5% | 63.7% | ||
| Q1 25 | 30.7% | 56.3% | ||
| Q4 24 | 27.4% | 59.7% | ||
| Q3 24 | 33.2% | 63.0% | ||
| Q2 24 | 34.2% | 69.9% | ||
| Q1 24 | 28.0% | 60.1% |
营业利润率ASHOGE
| Q4 25 | -1.6% | 19.7% | ||
| Q3 25 | 12.8% | 33.2% | ||
| Q2 25 | -152.9% | 25.9% | ||
| Q1 25 | 10.6% | 18.0% | ||
| Q4 24 | -44.2% | 24.5% | ||
| Q3 24 | 6.1% | 33.1% | ||
| Q2 24 | -11.2% | 27.3% | ||
| Q1 24 | 3.7% | 12.7% |
净利率ASHOGE
| Q4 25 | -3.1% | 9.9% | ||
| Q3 25 | 6.5% | 22.5% | ||
| Q2 25 | -160.3% | 14.9% | ||
| Q1 25 | 6.5% | 8.5% | ||
| Q4 24 | -40.7% | 13.7% | ||
| Q3 24 | 3.3% | 23.1% | ||
| Q2 24 | 1.1% | 15.9% | ||
| Q1 24 | 20.9% | 3.2% |
每股收益（稀释后）ASHOGE
| Q4 25 | $-0.26 | $0.34 | ||
| Q3 25 | $0.83 | $1.14 | ||
| Q2 25 | $-16.21 | $0.53 | ||
| Q1 25 | $0.65 | $0.31 | ||
| Q4 24 | $-3.50 | $0.50 | ||
| Q3 24 | $0.34 | $1.09 | ||
| Q2 24 | $0.12 | $0.51 | ||
| Q1 24 | $2.39 | $0.09 |
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 | $200.0K |
| 总债务越低越好 | $1.4B | $5.4B |
| 股东权益账面价值 | $1.9B | $5.0B |
| 总资产 | $4.5B | $14.4B |
| 负债/权益比越低杠杆越低 | 0.74× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资ASHOGE
| Q4 25 | $304.0M | $200.0K | ||
| Q3 25 | $215.0M | $300.0K | ||
| Q2 25 | $207.0M | $500.0K | ||
| Q1 25 | $168.0M | $26.9M | ||
| Q4 24 | $219.0M | $600.0K | ||
| Q3 24 | $300.0M | $9.9M | ||
| Q2 24 | $399.0M | $100.0K | ||
| Q1 24 | $439.0M | $4.3M |
总债务ASHOGE
| Q4 25 | $1.4B | $5.4B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $5.1B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
股东权益ASHOGE
| Q4 25 | $1.9B | $5.0B | ||
| Q3 25 | $1.9B | $4.8B | ||
| Q2 25 | $1.9B | $4.6B | ||
| Q1 25 | $2.6B | $4.6B | ||
| Q4 24 | $2.6B | $4.6B | ||
| Q3 24 | $2.9B | $4.6B | ||
| Q2 24 | $3.0B | $4.5B | ||
| Q1 24 | $3.1B | $4.4B |
总资产ASHOGE
| Q4 25 | $4.5B | $14.4B | ||
| Q3 25 | $4.6B | $14.3B | ||
| Q2 25 | $4.6B | $14.1B | ||
| Q1 25 | $5.2B | $14.0B | ||
| Q4 24 | $5.2B | $13.7B | ||
| Q3 24 | $5.6B | $13.5B | ||
| Q2 24 | $5.7B | $13.2B | ||
| Q1 24 | $5.9B | $12.9B |
负债/权益比ASHOGE
| Q4 25 | 0.74× | 1.08× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.51× | 1.09× | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.45× | — | ||
| 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 | $384.8M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $83.1M |
| 自由现金流率自由现金流/营收 | 28.8% | 11.8% |
| 资本支出强度资本支出/营收 | 3.6% | 43.0% |
| 现金转化率经营现金流/净利润 | — | 5.56× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $82.7M |
8季度趋势，按日历期对齐
经营现金流ASHOGE
| Q4 25 | $125.0M | $384.8M | ||
| Q3 25 | $40.0M | $397.8M | ||
| Q2 25 | $115.0M | $338.6M | ||
| Q1 25 | $9.0M | $15.9M | ||
| Q4 24 | $-30.0M | $129.6M | ||
| Q3 24 | $80.0M | $347.1M | ||
| Q2 24 | $127.0M | $253.1M | ||
| Q1 24 | $54.0M | $83.0M |
自由现金流ASHOGE
| Q4 25 | $111.0M | $83.1M | ||
| Q3 25 | $6.0M | $168.3M | ||
| Q2 25 | $95.0M | $64.9M | ||
| Q1 25 | $-12.0M | $-233.6M | ||
| Q4 24 | $-53.0M | $-167.0M | ||
| Q3 24 | $42.0M | $103.0M | ||
| Q2 24 | $98.0M | $-70.2M | ||
| Q1 24 | $20.0M | $-143.9M |
自由现金流率ASHOGE
| Q4 25 | 28.8% | 11.8% | ||
| Q3 25 | 1.3% | 16.4% | ||
| Q2 25 | 20.5% | 9.0% | ||
| Q1 25 | -2.5% | -31.5% | ||
| Q4 24 | -13.1% | -22.4% | ||
| Q3 24 | 8.1% | 10.9% | ||
| Q2 24 | 18.0% | -10.9% | ||
| Q1 24 | 3.5% | -24.7% |
资本支出强度ASHOGE
| Q4 25 | 3.6% | 43.0% | ||
| Q3 25 | 7.1% | 22.3% | ||
| Q2 25 | 4.3% | 38.0% | ||
| Q1 25 | 4.4% | 33.7% | ||
| Q4 24 | 5.7% | 39.8% | ||
| Q3 24 | 7.3% | 25.8% | ||
| Q2 24 | 5.3% | 50.2% | ||
| Q1 24 | 5.9% | 38.9% |
现金转化率ASHOGE
| Q4 25 | — | 5.56× | ||
| Q3 25 | 1.29× | 1.72× | ||
| Q2 25 | — | 3.15× | ||
| Q1 25 | 0.29× | 0.25× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 4.71× | 1.59× | ||
| Q2 24 | 21.17× | 2.47× | ||
| Q1 24 | 0.45× | 4.46× |
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% |
OGE
| Residential | $238.0M | 34% |
| Commercial | $216.6M | 31% |
| Public Authority | $60.7M | 9% |
| Industrial | $59.6M | 8% |
| Oilfield | $56.6M | 8% |
| Transmission | $38.7M | 6% |
| Integrated Market | $20.4M | 3% |
| Other Contractswith Customers | $11.1M | 2% |
