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亚什兰（ASH）与PIPER SANDLER COMPANIES（PIPR）财务数据对比。点击上方公司名可切换其他公司
PIPER SANDLER COMPANIES的季度营收约是亚什兰的1.7倍（$667.0M vs $386.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs -3.1%，领先20.2%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -4.7%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% 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。
Piper Sandler是一家美国跨国投资银行及金融服务提供商，核心业务覆盖并购重组、财务重整、公开募股、公共财政、机构经纪、投资管理、证券研究等领域，通过旗下核心子公司Piper Sandler & Co.为企业、机构投资者及公共组织提供专业金融服务。
ASH vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.7倍
$386.0M
营收增速更快
PIPR
高出42.1%
-4.7%
净利率更高
PIPR
高出20.2%
-3.1%
两年增速更快
PIPR
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $667.0M |
| 净利润 | $-12.0M | $114.0M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | 28.3% |
| 净利率 | -3.1% | 17.1% |
| 营收同比 | -4.7% | 37.4% |
| 净利润同比 | 92.7% | 65.0% |
| 每股收益（稀释后） | $-0.26 | $6.41 |
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ASHPIPR
| Q4 25 | $386.0M | $667.0M | ||
| Q3 25 | $477.0M | $480.1M | ||
| Q2 25 | $463.0M | $398.6M | ||
| Q1 25 | $479.0M | $358.6M | ||
| Q4 24 | $405.0M | $485.4M | ||
| Q3 24 | $521.0M | $360.9M | ||
| Q2 24 | $544.0M | $340.8M | ||
| Q1 24 | $575.0M | $344.4M |
净利润ASHPIPR
| Q4 25 | $-12.0M | $114.0M | ||
| Q3 25 | $31.0M | $60.3M | ||
| Q2 25 | $-742.0M | $42.2M | ||
| Q1 25 | $31.0M | $64.9M | ||
| Q4 24 | $-165.0M | $69.1M | ||
| Q3 24 | $17.0M | $34.8M | ||
| Q2 24 | $6.0M | $34.8M | ||
| Q1 24 | $120.0M | $42.5M |
毛利率ASHPIPR
| Q4 25 | 27.2% | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 28.5% | — | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | 27.4% | — | ||
| Q3 24 | 33.2% | — | ||
| Q2 24 | 34.2% | — | ||
| Q1 24 | 28.0% | — |
营业利润率ASHPIPR
| Q4 25 | -1.6% | 28.3% | ||
| Q3 25 | 12.8% | 22.4% | ||
| Q2 25 | -152.9% | 12.3% | ||
| Q1 25 | 10.6% | 8.2% | ||
| Q4 24 | -44.2% | 16.9% | ||
| Q3 24 | 6.1% | 15.4% | ||
| Q2 24 | -11.2% | 8.3% | ||
| Q1 24 | 3.7% | 15.2% |
净利率ASHPIPR
| Q4 25 | -3.1% | 17.1% | ||
| Q3 25 | 6.5% | 12.6% | ||
| Q2 25 | -160.3% | 10.6% | ||
| Q1 25 | 6.5% | 18.1% | ||
| Q4 24 | -40.7% | 14.2% | ||
| Q3 24 | 3.3% | 9.6% | ||
| Q2 24 | 1.1% | 10.2% | ||
| Q1 24 | 20.9% | 12.3% |
每股收益（稀释后）ASHPIPR
| Q4 25 | $-0.26 | $6.41 | ||
| Q3 25 | $0.83 | $3.38 | ||
| Q2 25 | $-16.21 | $2.38 | ||
| Q1 25 | $0.65 | $3.65 | ||
| Q4 24 | $-3.50 | $3.88 | ||
| Q3 24 | $0.34 | $1.96 | ||
| Q2 24 | $0.12 | $1.97 | ||
| Q1 24 | $2.39 | $2.43 |
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 | — |
| 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 | $2.6B |
| 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ASHPIPR
| Q4 25 | $304.0M | — | ||
| Q3 25 | $215.0M | — | ||
| Q2 25 | $207.0M | — | ||
| Q1 25 | $168.0M | — | ||
| Q4 24 | $219.0M | — | ||
| Q3 24 | $300.0M | — | ||
| Q2 24 | $399.0M | — | ||
| Q1 24 | $439.0M | — |
总债务ASHPIPR
| 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 24 | $1.3B | — |
股东权益ASHPIPR
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.6B | $1.2B | ||
| Q3 24 | $2.9B | $1.2B | ||
| Q2 24 | $3.0B | $1.1B | ||
| Q1 24 | $3.1B | $1.1B |
总资产ASHPIPR
| Q4 25 | $4.5B | $2.6B | ||
| Q3 25 | $4.6B | $2.2B | ||
| Q2 25 | $4.6B | $2.0B | ||
| Q1 25 | $5.2B | $1.8B | ||
| Q4 24 | $5.2B | $2.3B | ||
| Q3 24 | $5.6B | $2.0B | ||
| Q2 24 | $5.7B | $1.9B | ||
| Q1 24 | $5.9B | $1.8B |
负债/权益比ASHPIPR
| 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× | — | ||
| 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 | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | — |
| 自由现金流率自由现金流/营收 | 28.8% | — |
| 资本支出强度资本支出/营收 | 3.6% | — |
| 现金转化率经营现金流/净利润 | — | 6.40× |
| 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ASHPIPR
| Q4 25 | $125.0M | $729.8M | ||
| Q3 25 | $40.0M | $31.9M | ||
| Q2 25 | $115.0M | $32.1M | ||
| Q1 25 | $9.0M | $-207.2M | ||
| Q4 24 | $-30.0M | $163.8M | ||
| Q3 24 | $80.0M | $80.1M | ||
| Q2 24 | $127.0M | $266.5M | ||
| Q1 24 | $54.0M | $-197.2M |
自由现金流ASHPIPR
| 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 | — | ||
| Q1 24 | $20.0M | — |
自由现金流率ASHPIPR
| 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% | — | ||
| Q1 24 | 3.5% | — |
资本支出强度ASHPIPR
| 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% | — | ||
| Q1 24 | 5.9% | — |
现金转化率ASHPIPR
| Q4 25 | — | 6.40× | ||
| Q3 25 | 1.29× | 0.53× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | 0.29× | -3.19× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | 4.71× | 2.30× | ||
| Q2 24 | 21.17× | 7.66× | ||
| Q1 24 | 0.45× | -4.64× |
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% |
PIPR
| Advisory Services | $402.6M | 60% |
| Equities Financing | $66.7M | 10% |
| Equity Salesand Trading | $64.2M | 10% |
| Fixed Income Salesand Trading | $47.9M | 7% |
| Other | $46.7M | 7% |
| Debt Financing | $38.9M | 6% |
