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亚什兰（ASH）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是亚什兰的1.3倍（$492.9M vs $386.0M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs -3.1%，领先22.8%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs -4.7%），过去两年STARWOOD PROPERTY TRUST, INC.的营收复合增速更高（-2.9% 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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
ASH vs STWD — 直观对比
营收规模更大
STWD
是对方的1.3倍
$386.0M
营收增速更快
STWD
高出13.2%
-4.7%
净利率更高
STWD
高出22.8%
-3.1%
两年增速更快
STWD
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $492.9M |
| 净利润 | $-12.0M | $96.9M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | 26.6% |
| 净利率 | -3.1% | 19.7% |
| 营收同比 | -4.7% | 8.5% |
| 净利润同比 | 92.7% | 87.7% |
| 每股收益（稀释后） | $-0.26 | $0.25 |
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ASHSTWD
| Q4 25 | $386.0M | $492.9M | ||
| Q3 25 | $477.0M | $488.9M | ||
| Q2 25 | $463.0M | $444.3M | ||
| Q1 25 | $479.0M | $418.2M | ||
| Q4 24 | $405.0M | $454.4M | ||
| Q3 24 | $521.0M | $479.5M | ||
| Q2 24 | $544.0M | $489.8M | ||
| Q1 24 | $575.0M | $523.1M |
净利润ASHSTWD
| Q4 25 | $-12.0M | $96.9M | ||
| Q3 25 | $31.0M | $72.6M | ||
| Q2 25 | $-742.0M | $129.8M | ||
| Q1 25 | $31.0M | $112.3M | ||
| Q4 24 | $-165.0M | $51.6M | ||
| Q3 24 | $17.0M | $76.1M | ||
| Q2 24 | $6.0M | $77.9M | ||
| Q1 24 | $120.0M | $154.3M |
毛利率ASHSTWD
| 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ASHSTWD
| Q4 25 | -1.6% | 26.6% | ||
| Q3 25 | 12.8% | 19.1% | ||
| Q2 25 | -152.9% | 30.5% | ||
| Q1 25 | 10.6% | 28.7% | ||
| Q4 24 | -44.2% | 15.1% | ||
| Q3 24 | 6.1% | 17.2% | ||
| Q2 24 | -11.2% | 19.1% | ||
| Q1 24 | 3.7% | 30.8% |
净利率ASHSTWD
| Q4 25 | -3.1% | 19.7% | ||
| Q3 25 | 6.5% | 14.8% | ||
| Q2 25 | -160.3% | 29.2% | ||
| Q1 25 | 6.5% | 26.8% | ||
| Q4 24 | -40.7% | 11.4% | ||
| Q3 24 | 3.3% | 15.9% | ||
| Q2 24 | 1.1% | 15.9% | ||
| Q1 24 | 20.9% | 29.5% |
每股收益（稀释后）ASHSTWD
| Q4 25 | $-0.26 | $0.25 | ||
| Q3 25 | $0.83 | $0.19 | ||
| Q2 25 | $-16.21 | $0.38 | ||
| Q1 25 | $0.65 | $0.33 | ||
| Q4 24 | $-3.50 | $0.15 | ||
| Q3 24 | $0.34 | $0.23 | ||
| Q2 24 | $0.12 | $0.24 | ||
| Q1 24 | $2.39 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $6.8B |
| 总资产 | $4.5B | $63.2B |
| 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ASHSTWD
| Q4 25 | $304.0M | $499.5M | ||
| Q3 25 | $215.0M | $301.1M | ||
| Q2 25 | $207.0M | $259.9M | ||
| Q1 25 | $168.0M | $440.6M | ||
| Q4 24 | $219.0M | $377.8M | ||
| Q3 24 | $300.0M | $357.9M | ||
| Q2 24 | $399.0M | $259.3M | ||
| Q1 24 | $439.0M | $327.4M |
总债务ASHSTWD
| 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ASHSTWD
| Q4 25 | $1.9B | $6.8B | ||
| Q3 25 | $1.9B | $6.9B | ||
| Q2 25 | $1.9B | $6.4B | ||
| Q1 25 | $2.6B | $6.4B | ||
| Q4 24 | $2.6B | $6.4B | ||
| Q3 24 | $2.9B | $6.5B | ||
| Q2 24 | $3.0B | $6.2B | ||
| Q1 24 | $3.1B | $6.3B |
总资产ASHSTWD
| Q4 25 | $4.5B | $63.2B | ||
| Q3 25 | $4.6B | $62.4B | ||
| Q2 25 | $4.6B | $62.4B | ||
| Q1 25 | $5.2B | $62.2B | ||
| Q4 24 | $5.2B | $62.6B | ||
| Q3 24 | $5.6B | $64.2B | ||
| Q2 24 | $5.7B | $64.1B | ||
| Q1 24 | $5.9B | $66.2B |
负债/权益比ASHSTWD
| 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 | $488.8M |
| 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 | — | 5.04× |
| 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ASHSTWD
| Q4 25 | $125.0M | $488.8M | ||
| Q3 25 | $40.0M | $337.6M | ||
| Q2 25 | $115.0M | $-87.4M | ||
| Q1 25 | $9.0M | $238.9M | ||
| Q4 24 | $-30.0M | $295.6M | ||
| Q3 24 | $80.0M | $241.8M | ||
| Q2 24 | $127.0M | $53.3M | ||
| Q1 24 | $54.0M | $55.9M |
自由现金流ASHSTWD
| 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ASHSTWD
| 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ASHSTWD
| 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ASHSTWD
| Q4 25 | — | 5.04× | ||
| Q3 25 | 1.29× | 4.65× | ||
| Q2 25 | — | -0.67× | ||
| Q1 25 | 0.29× | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | 4.71× | 3.18× | ||
| Q2 24 | 21.17× | 0.68× | ||
| Q1 24 | 0.45× | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
