vs
亚什兰（ASH）与Tecnoglass Inc.（TGLS）财务数据对比。点击上方公司名可切换其他公司
亚什兰的季度营收约是Tecnoglass Inc.的1.6倍（$386.0M vs $245.3M），Tecnoglass Inc.净利率更高（10.6% vs -3.1%，领先13.8%），Tecnoglass Inc.同比增速更快（2.4% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $11.4M），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% 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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
ASH vs TGLS — 直观对比
营收规模更大
ASH
是对方的1.6倍
$245.3M
营收增速更快
TGLS
高出7.1%
-4.7%
净利率更高
TGLS
高出13.8%
-3.1%
自由现金流更多
ASH
多$99.6M
$11.4M
两年增速更快
TGLS
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $245.3M |
| 净利润 | $-12.0M | $26.1M |
| 毛利率 | 27.2% | 40.0% |
| 营业利润率 | -1.6% | 18.3% |
| 净利率 | -3.1% | 10.6% |
| 营收同比 | -4.7% | 2.4% |
| 净利润同比 | 92.7% | -44.5% |
| 每股收益（稀释后） | $-0.26 | $0.57 |
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ASHTGLS
| Q4 25 | $386.0M | $245.3M | ||
| Q3 25 | $477.0M | $260.5M | ||
| Q2 25 | $463.0M | $255.5M | ||
| Q1 25 | $479.0M | $222.3M | ||
| Q4 24 | $405.0M | $239.6M | ||
| Q3 24 | $521.0M | $238.3M | ||
| Q2 24 | $544.0M | $219.7M | ||
| Q1 24 | $575.0M | $192.6M |
净利润ASHTGLS
| Q4 25 | $-12.0M | $26.1M | ||
| Q3 25 | $31.0M | $47.2M | ||
| Q2 25 | $-742.0M | $44.1M | ||
| Q1 25 | $31.0M | $42.2M | ||
| Q4 24 | $-165.0M | $47.0M | ||
| Q3 24 | $17.0M | $49.5M | ||
| Q2 24 | $6.0M | $35.0M | ||
| Q1 24 | $120.0M | $29.7M |
毛利率ASHTGLS
| Q4 25 | 27.2% | 40.0% | ||
| Q3 25 | 33.3% | 42.7% | ||
| Q2 25 | 28.5% | 44.7% | ||
| Q1 25 | 30.7% | 43.9% | ||
| Q4 24 | 27.4% | 44.5% | ||
| Q3 24 | 33.2% | 45.8% | ||
| Q2 24 | 34.2% | 40.8% | ||
| Q1 24 | 28.0% | 38.8% |
营业利润率ASHTGLS
| Q4 25 | -1.6% | 18.3% | ||
| Q3 25 | 12.8% | 25.1% | ||
| Q2 25 | -152.9% | 24.0% | ||
| Q1 25 | 10.6% | 26.7% | ||
| Q4 24 | -44.2% | 28.0% | ||
| Q3 24 | 6.1% | 28.4% | ||
| Q2 24 | -11.2% | 23.3% | ||
| Q1 24 | 3.7% | 21.3% |
净利率ASHTGLS
| Q4 25 | -3.1% | 10.6% | ||
| Q3 25 | 6.5% | 18.1% | ||
| Q2 25 | -160.3% | 17.3% | ||
| Q1 25 | 6.5% | 19.0% | ||
| Q4 24 | -40.7% | 19.6% | ||
| Q3 24 | 3.3% | 20.8% | ||
| Q2 24 | 1.1% | 15.9% | ||
| Q1 24 | 20.9% | 15.4% |
每股收益（稀释后）ASHTGLS
| Q4 25 | $-0.26 | $0.57 | ||
| Q3 25 | $0.83 | $1.01 | ||
| Q2 25 | $-16.21 | $0.94 | ||
| Q1 25 | $0.65 | $0.90 | ||
| Q4 24 | $-3.50 | $1.00 | ||
| Q3 24 | $0.34 | $1.05 | ||
| Q2 24 | $0.12 | $0.75 | ||
| Q1 24 | $2.39 | $0.63 |
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 | $104.1M |
| 总债务越低越好 | $1.4B | $174.4M |
| 股东权益账面价值 | $1.9B | $713.1M |
| 总资产 | $4.5B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资ASHTGLS
| Q4 25 | $304.0M | $104.1M | ||
| Q3 25 | $215.0M | $127.1M | ||
| Q2 25 | $207.0M | $140.9M | ||
| Q1 25 | $168.0M | $160.2M | ||
| Q4 24 | $219.0M | $137.5M | ||
| Q3 24 | $300.0M | $124.8M | ||
| Q2 24 | $399.0M | $129.5M | ||
| Q1 24 | $439.0M | $138.8M |
总债务ASHTGLS
| Q4 25 | $1.4B | $174.4M | ||
| Q3 25 | $1.4B | $114.7M | ||
| Q2 25 | $1.4B | $110.6M | ||
| Q1 25 | $1.3B | $110.6M | ||
| Q4 24 | $1.3B | $111.1M | ||
| Q3 24 | $1.3B | $126.8M | ||
| Q2 24 | $1.3B | $144.7M | ||
| Q1 24 | $1.3B | $160.9M |
股东权益ASHTGLS
| Q4 25 | $1.9B | $713.1M | ||
| Q3 25 | $1.9B | $764.0M | ||
| Q2 25 | $1.9B | $736.0M | ||
| Q1 25 | $2.6B | $685.1M | ||
| Q4 24 | $2.6B | $631.2M | ||
| Q3 24 | $2.9B | $613.3M | ||
| Q2 24 | $3.0B | $574.8M | ||
| Q1 24 | $3.1B | $573.6M |
总资产ASHTGLS
| Q4 25 | $4.5B | $1.3B | ||
| Q3 25 | $4.6B | $1.2B | ||
| Q2 25 | $4.6B | $1.2B | ||
| Q1 25 | $5.2B | $1.1B | ||
| Q4 24 | $5.2B | $1.0B | ||
| Q3 24 | $5.6B | $996.3M | ||
| Q2 24 | $5.7B | $942.5M | ||
| Q1 24 | $5.9B | $981.6M |
负债/权益比ASHTGLS
| Q4 25 | 0.74× | 0.24× | ||
| Q3 25 | 0.73× | 0.15× | ||
| Q2 25 | 0.73× | 0.15× | ||
| Q1 25 | 0.52× | 0.16× | ||
| Q4 24 | 0.51× | 0.18× | ||
| Q3 24 | 0.47× | 0.21× | ||
| Q2 24 | 0.45× | 0.25× | ||
| Q1 24 | 0.42× | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $11.4M |
| 自由现金流率自由现金流/营收 | 28.8% | 4.7% |
| 资本支出强度资本支出/营收 | 3.6% | 8.0% |
| 现金转化率经营现金流/净利润 | — | 1.19× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $34.5M |
8季度趋势，按日历期对齐
经营现金流ASHTGLS
| Q4 25 | $125.0M | $31.0M | ||
| Q3 25 | $40.0M | $40.0M | ||
| Q2 25 | $115.0M | $17.9M | ||
| Q1 25 | $9.0M | $46.9M | ||
| Q4 24 | $-30.0M | $61.1M | ||
| Q3 24 | $80.0M | $41.5M | ||
| Q2 24 | $127.0M | $34.5M | ||
| Q1 24 | $54.0M | $33.4M |
自由现金流ASHTGLS
| Q4 25 | $111.0M | $11.4M | ||
| Q3 25 | $6.0M | $21.2M | ||
| Q2 25 | $95.0M | $-14.7M | ||
| Q1 25 | $-12.0M | $16.5M | ||
| Q4 24 | $-53.0M | $35.4M | ||
| Q3 24 | $42.0M | $17.8M | ||
| Q2 24 | $98.0M | $14.2M | ||
| Q1 24 | $20.0M | $23.6M |
自由现金流率ASHTGLS
| Q4 25 | 28.8% | 4.7% | ||
| Q3 25 | 1.3% | 8.2% | ||
| Q2 25 | 20.5% | -5.7% | ||
| Q1 25 | -2.5% | 7.4% | ||
| Q4 24 | -13.1% | 14.8% | ||
| Q3 24 | 8.1% | 7.5% | ||
| Q2 24 | 18.0% | 6.5% | ||
| Q1 24 | 3.5% | 12.2% |
资本支出强度ASHTGLS
| Q4 25 | 3.6% | 8.0% | ||
| Q3 25 | 7.1% | 7.2% | ||
| Q2 25 | 4.3% | 12.7% | ||
| Q1 25 | 4.4% | 13.7% | ||
| Q4 24 | 5.7% | 10.7% | ||
| Q3 24 | 7.3% | 9.9% | ||
| Q2 24 | 5.3% | 9.2% | ||
| Q1 24 | 5.9% | 5.1% |
现金转化率ASHTGLS
| Q4 25 | — | 1.19× | ||
| Q3 25 | 1.29× | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | 0.29× | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 4.71× | 0.84× | ||
| Q2 24 | 21.17× | 0.98× | ||
| Q1 24 | 0.45× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
