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亚什兰（ASH）与SLM Corp（SLM）财务数据对比。点击上方公司名可切换其他公司
SLM Corp的季度营收约是亚什兰的1.5倍（$560.0M vs $386.0M），SLM Corp净利率更高（55.0% vs -3.1%，领先58.1%），过去两年SLM Corp的营收复合增速更高（22.7% 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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
ASH vs SLM — 直观对比
营收规模更大
SLM
是对方的1.5倍
$386.0M
净利率更高
SLM
高出58.1%
-3.1%
两年增速更快
SLM
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $560.0M |
| 净利润 | $-12.0M | $308.0M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | 69.6% |
| 净利率 | -3.1% | 55.0% |
| 营收同比 | -4.7% | — |
| 净利润同比 | 92.7% | 1.0% |
| 每股收益（稀释后） | $-0.26 | $1.54 |
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ASHSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $386.0M | $377.1M | ||
| Q3 25 | $477.0M | $373.0M | ||
| Q2 25 | $463.0M | $376.8M | ||
| Q1 25 | $479.0M | $375.0M | ||
| Q4 24 | $405.0M | $362.2M | ||
| Q3 24 | $521.0M | $359.4M | ||
| Q2 24 | $544.0M | $372.2M |
净利润ASHSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $-12.0M | $233.2M | ||
| Q3 25 | $31.0M | $135.8M | ||
| Q2 25 | $-742.0M | $71.3M | ||
| Q1 25 | $31.0M | $304.5M | ||
| Q4 24 | $-165.0M | $111.6M | ||
| Q3 24 | $17.0M | $-45.2M | ||
| Q2 24 | $6.0M | $252.0M |
毛利率ASHSLM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率ASHSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | -1.6% | 83.8% | ||
| Q3 25 | 12.8% | 49.8% | ||
| Q2 25 | -152.9% | 23.3% | ||
| Q1 25 | 10.6% | — | ||
| Q4 24 | -44.2% | 36.5% | ||
| Q3 24 | 6.1% | -16.6% | ||
| Q2 24 | -11.2% | 91.0% |
净利率ASHSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | -3.1% | 61.8% | ||
| Q3 25 | 6.5% | 36.4% | ||
| Q2 25 | -160.3% | 18.9% | ||
| Q1 25 | 6.5% | 81.2% | ||
| Q4 24 | -40.7% | 30.8% | ||
| Q3 24 | 3.3% | -12.6% | ||
| Q2 24 | 1.1% | 67.7% |
每股收益（稀释后）ASHSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $-0.26 | $1.11 | ||
| Q3 25 | $0.83 | $0.63 | ||
| Q2 25 | $-16.21 | $0.32 | ||
| Q1 25 | $0.65 | $1.40 | ||
| Q4 24 | $-3.50 | $0.53 | ||
| Q3 24 | $0.34 | $-0.23 | ||
| Q2 24 | $0.12 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $1.4B | $6.2B |
| 股东权益账面价值 | $1.9B | $2.4B |
| 总资产 | $4.5B | $29.4B |
| 负债/权益比越低杠杆越低 | 0.74× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资ASHSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $304.0M | $4.2B | ||
| Q3 25 | $215.0M | $3.5B | ||
| Q2 25 | $207.0M | $4.1B | ||
| Q1 25 | $168.0M | $3.7B | ||
| Q4 24 | $219.0M | $4.7B | ||
| Q3 24 | $300.0M | $4.5B | ||
| Q2 24 | $399.0M | $5.3B |
总债务ASHSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $1.4B | $5.4B | ||
| Q3 25 | $1.4B | $6.8B | ||
| Q2 25 | $1.4B | $6.4B | ||
| Q1 25 | $1.3B | $6.1B | ||
| Q4 24 | $1.3B | $6.4B | ||
| Q3 24 | $1.3B | $6.0B | ||
| Q2 24 | $1.3B | $5.4B |
股东权益ASHSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.9B | $2.5B | ||
| Q3 25 | $1.9B | $2.3B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.6B | $2.2B | ||
| Q3 24 | $2.9B | $2.1B | ||
| Q2 24 | $3.0B | $2.3B |
总资产ASHSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $4.5B | $29.7B | ||
| Q3 25 | $4.6B | $29.6B | ||
| Q2 25 | $4.6B | $29.6B | ||
| Q1 25 | $5.2B | $28.9B | ||
| Q4 24 | $5.2B | $30.1B | ||
| Q3 24 | $5.6B | $30.0B | ||
| Q2 24 | $5.7B | $28.8B |
负债/权益比ASHSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | 0.74× | 2.19× | ||
| Q3 25 | 0.73× | 2.92× | ||
| Q2 25 | 0.73× | 2.70× | ||
| Q1 25 | 0.52× | 2.56× | ||
| Q4 24 | 0.51× | 2.98× | ||
| Q3 24 | 0.47× | 2.83× | ||
| Q2 24 | 0.45× | 2.37× |
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 | — |
| 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 | — | — |
| 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ASHSLM
| Q1 26 | — | — | ||
| Q4 25 | $125.0M | $-64.5M | ||
| Q3 25 | $40.0M | $-49.3M | ||
| Q2 25 | $115.0M | $-138.7M | ||
| Q1 25 | $9.0M | $-146.1M | ||
| Q4 24 | $-30.0M | $4.5M | ||
| Q3 24 | $80.0M | $-113.4M | ||
| Q2 24 | $127.0M | $-143.8M |
自由现金流ASHSLM
| Q1 26 | — | — | ||
| 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ASHSLM
| Q1 26 | — | — | ||
| 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ASHSLM
| Q1 26 | — | — | ||
| 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ASHSLM
| Q1 26 | — | — | ||
| Q4 25 | — | -0.28× | ||
| Q3 25 | 1.29× | -0.36× | ||
| Q2 25 | — | -1.95× | ||
| Q1 25 | 0.29× | -0.48× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 4.71× | — | ||
| Q2 24 | 21.17× | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
