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亚什兰（ASH）与Paylocity Holding Corp（PCTY）财务数据对比。点击上方公司名可切换其他公司
Paylocity Holding Corp的季度营收约是亚什兰的1.0倍（$387.0M vs $386.0M），Paylocity Holding Corp净利率更高（13.0% vs -3.1%，领先16.1%），Paylocity Holding Corp同比增速更快（11.3% vs -4.7%），Paylocity Holding Corp自由现金流更多（$113.6M vs $111.0M），过去两年Paylocity Holding Corp的营收复合增速更高（2.7% 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。
Paylocity Holding Corp是美国领先的云端人力资源管理服务商，核心产品覆盖薪资核算、支出管理及人力资本管理（HCM）类SaaS软件，可帮助不同规模的企业客户优化人力与财务相关运营流程，有效提升管理效率、降低运营成本。
ASH vs PCTY — 直观对比
营收规模更大
PCTY
是对方的1.0倍
$386.0M
营收增速更快
PCTY
高出16.0%
-4.7%
净利率更高
PCTY
高出16.1%
-3.1%
自由现金流更多
PCTY
多$2.6M
$111.0M
两年增速更快
PCTY
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $387.0M |
| 净利润 | $-12.0M | $50.2M |
| 毛利率 | 27.2% | 72.9% |
| 营业利润率 | -1.6% | 18.2% |
| 净利率 | -3.1% | 13.0% |
| 营收同比 | -4.7% | 11.3% |
| 净利润同比 | 92.7% | 34.0% |
| 每股收益（稀释后） | $-0.26 | $0.92 |
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ASHPCTY
| Q4 25 | $386.0M | $387.0M | ||
| Q3 25 | $477.0M | $378.9M | ||
| Q2 25 | $463.0M | $369.9M | ||
| Q1 25 | $479.0M | $421.1M | ||
| Q4 24 | $405.0M | $347.7M | ||
| Q3 24 | $521.0M | $333.1M | ||
| Q2 24 | $544.0M | $324.7M | ||
| Q1 24 | $575.0M | $366.8M |
净利润ASHPCTY
| Q4 25 | $-12.0M | $50.2M | ||
| Q3 25 | $31.0M | $48.0M | ||
| Q2 25 | $-742.0M | $48.6M | ||
| Q1 25 | $31.0M | $91.5M | ||
| Q4 24 | $-165.0M | $37.5M | ||
| Q3 24 | $17.0M | $49.6M | ||
| Q2 24 | $6.0M | $48.8M | ||
| Q1 24 | $120.0M | $85.3M |
毛利率ASHPCTY
| Q4 25 | 27.2% | 72.9% | ||
| Q3 25 | 33.3% | 73.9% | ||
| Q2 25 | 28.5% | 73.5% | ||
| Q1 25 | 30.7% | 77.1% | ||
| Q4 24 | 27.4% | 72.6% | ||
| Q3 24 | 33.2% | 74.4% | ||
| Q2 24 | 34.2% | 74.0% | ||
| Q1 24 | 28.0% | 77.8% |
营业利润率ASHPCTY
| Q4 25 | -1.6% | 18.2% | ||
| Q3 25 | 12.8% | 19.6% | ||
| Q2 25 | -152.9% | 17.9% | ||
| Q1 25 | 10.6% | 30.2% | ||
| Q4 24 | -44.2% | 13.4% | ||
| Q3 24 | 6.1% | 19.3% | ||
| Q2 24 | -11.2% | 19.4% | ||
| Q1 24 | 3.7% | 29.0% |
净利率ASHPCTY
| Q4 25 | -3.1% | 13.0% | ||
| Q3 25 | 6.5% | 12.7% | ||
| Q2 25 | -160.3% | 13.1% | ||
| Q1 25 | 6.5% | 21.7% | ||
| Q4 24 | -40.7% | 10.8% | ||
| Q3 24 | 3.3% | 14.9% | ||
| Q2 24 | 1.1% | 15.0% | ||
| Q1 24 | 20.9% | 23.3% |
每股收益（稀释后）ASHPCTY
| Q4 25 | $-0.26 | $0.92 | ||
| Q3 25 | $0.83 | $0.86 | ||
| Q2 25 | $-16.21 | $0.87 | ||
| Q1 25 | $0.65 | $1.61 | ||
| Q4 24 | $-3.50 | $0.66 | ||
| Q3 24 | $0.34 | $0.88 | ||
| Q2 24 | $0.12 | $0.85 | ||
| Q1 24 | $2.39 | $1.50 |
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 | $162.5M |
| 总债务越低越好 | $1.4B | $81.3M |
| 股东权益账面价值 | $1.9B | $1.1B |
| 总资产 | $4.5B | $7.0B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资ASHPCTY
| Q4 25 | $304.0M | $162.5M | ||
| Q3 25 | $215.0M | $165.2M | ||
| Q2 25 | $207.0M | $398.1M | ||
| Q1 25 | $168.0M | $477.8M | ||
| Q4 24 | $219.0M | $482.4M | ||
| Q3 24 | $300.0M | $778.5M | ||
| Q2 24 | $399.0M | $401.8M | ||
| Q1 24 | $439.0M | $492.7M |
总债务ASHPCTY
| Q4 25 | $1.4B | $81.3M | ||
| Q3 25 | $1.4B | $81.3M | ||
| Q2 25 | $1.4B | $162.5M | ||
| Q1 25 | $1.3B | $243.8M | ||
| Q4 24 | $1.3B | $325.0M | ||
| Q3 24 | $1.3B | $325.0M | ||
| Q2 24 | $1.3B | $0 | ||
| Q1 24 | $1.3B | — |
股东权益ASHPCTY
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.6B | $1.2B | ||
| Q3 24 | $2.9B | $1.1B | ||
| Q2 24 | $3.0B | $1.0B | ||
| Q1 24 | $3.1B | $1.1B |
总资产ASHPCTY
| Q4 25 | $4.5B | $7.0B | ||
| Q3 25 | $4.6B | $4.2B | ||
| Q2 25 | $4.6B | $4.4B | ||
| Q1 25 | $5.2B | $5.2B | ||
| Q4 24 | $5.2B | $5.3B | ||
| Q3 24 | $5.6B | $4.0B | ||
| Q2 24 | $5.7B | $4.2B | ||
| Q1 24 | $5.9B | $5.0B |
负债/权益比ASHPCTY
| Q4 25 | 0.74× | 0.07× | ||
| Q3 25 | 0.73× | 0.07× | ||
| Q2 25 | 0.73× | 0.13× | ||
| Q1 25 | 0.52× | 0.20× | ||
| Q4 24 | 0.51× | 0.28× | ||
| Q3 24 | 0.47× | 0.29× | ||
| Q2 24 | 0.45× | 0.00× | ||
| 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 | $117.0M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $113.6M |
| 自由现金流率自由现金流/营收 | 28.8% | 29.4% |
| 资本支出强度资本支出/营收 | 3.6% | 0.9% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $461.1M |
8季度趋势，按日历期对齐
经营现金流ASHPCTY
| Q4 25 | $125.0M | $117.0M | ||
| Q3 25 | $40.0M | $86.5M | ||
| Q2 25 | $115.0M | $86.6M | ||
| Q1 25 | $9.0M | $186.0M | ||
| Q4 24 | $-30.0M | $54.2M | ||
| Q3 24 | $80.0M | $91.5M | ||
| Q2 24 | $127.0M | $79.9M | ||
| Q1 24 | $54.0M | $167.5M |
自由现金流ASHPCTY
| Q4 25 | $111.0M | $113.6M | ||
| Q3 25 | $6.0M | $82.7M | ||
| Q2 25 | $95.0M | $81.1M | ||
| Q1 25 | $-12.0M | $183.7M | ||
| Q4 24 | $-53.0M | $51.2M | ||
| Q3 24 | $42.0M | $89.1M | ||
| Q2 24 | $98.0M | $73.6M | ||
| Q1 24 | $20.0M | $162.0M |
自由现金流率ASHPCTY
| Q4 25 | 28.8% | 29.4% | ||
| Q3 25 | 1.3% | 21.8% | ||
| Q2 25 | 20.5% | 21.9% | ||
| Q1 25 | -2.5% | 43.6% | ||
| Q4 24 | -13.1% | 14.7% | ||
| Q3 24 | 8.1% | 26.8% | ||
| Q2 24 | 18.0% | 22.7% | ||
| Q1 24 | 3.5% | 44.2% |
资本支出强度ASHPCTY
| Q4 25 | 3.6% | 0.9% | ||
| Q3 25 | 7.1% | 1.0% | ||
| Q2 25 | 4.3% | 1.5% | ||
| Q1 25 | 4.4% | 0.5% | ||
| Q4 24 | 5.7% | 0.9% | ||
| Q3 24 | 7.3% | 0.7% | ||
| Q2 24 | 5.3% | 1.9% | ||
| Q1 24 | 5.9% | 1.5% |
现金转化率ASHPCTY
| Q4 25 | — | 2.33× | ||
| Q3 25 | 1.29× | 1.80× | ||
| Q2 25 | — | 1.78× | ||
| Q1 25 | 0.29× | 2.03× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 4.71× | 1.84× | ||
| Q2 24 | 21.17× | 1.64× | ||
| Q1 24 | 0.45× | 1.96× |
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% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
