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亚什兰（ASH）与Gentherm Inc（THRM）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Gentherm Inc的1.0倍（$386.0M vs $382.8M），Gentherm Inc净利率更高（0.8% vs -3.1%，领先3.9%），Gentherm Inc同比增速更快（8.5% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $6.7M），过去两年Gentherm Inc的营收复合增速更高（3.7% 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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
ASH vs THRM — 直观对比
营收规模更大
ASH
是对方的1.0倍
$382.8M
营收增速更快
THRM
高出13.2%
-4.7%
净利率更高
THRM
高出3.9%
-3.1%
自由现金流更多
ASH
多$104.3M
$6.7M
两年增速更快
THRM
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $382.8M |
| 净利润 | $-12.0M | $3.0M |
| 毛利率 | 27.2% | 23.7% |
| 营业利润率 | -1.6% | 4.6% |
| 净利率 | -3.1% | 0.8% |
| 营收同比 | -4.7% | 8.5% |
| 净利润同比 | 92.7% | -80.5% |
| 每股收益（稀释后） | $-0.26 | $0.08 |
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ASHTHRM
| Q4 25 | $386.0M | $382.8M | ||
| Q3 25 | $477.0M | $386.9M | ||
| Q2 25 | $463.0M | $375.1M | ||
| Q1 25 | $479.0M | $353.9M | ||
| Q4 24 | $405.0M | $352.9M | ||
| Q3 24 | $521.0M | $371.5M | ||
| Q2 24 | $544.0M | $375.7M | ||
| Q1 24 | $575.0M | $356.0M |
净利润ASHTHRM
| Q4 25 | $-12.0M | $3.0M | ||
| Q3 25 | $31.0M | $14.9M | ||
| Q2 25 | $-742.0M | $477.0K | ||
| Q1 25 | $31.0M | $-128.0K | ||
| Q4 24 | $-165.0M | $15.3M | ||
| Q3 24 | $17.0M | $16.0M | ||
| Q2 24 | $6.0M | $18.9M | ||
| Q1 24 | $120.0M | $14.8M |
毛利率ASHTHRM
| Q4 25 | 27.2% | 23.7% | ||
| Q3 25 | 33.3% | 24.6% | ||
| Q2 25 | 28.5% | 23.9% | ||
| Q1 25 | 30.7% | 24.4% | ||
| Q4 24 | 27.4% | 24.4% | ||
| Q3 24 | 33.2% | 25.5% | ||
| Q2 24 | 34.2% | 25.7% | ||
| Q1 24 | 28.0% | 24.9% |
营业利润率ASHTHRM
| Q4 25 | -1.6% | 4.6% | ||
| Q3 25 | 12.8% | 6.2% | ||
| Q2 25 | -152.9% | 6.4% | ||
| Q1 25 | 10.6% | 4.8% | ||
| Q4 24 | -44.2% | 6.7% | ||
| Q3 24 | 6.1% | 8.7% | ||
| Q2 24 | -11.2% | 8.8% | ||
| Q1 24 | 3.7% | 5.1% |
净利率ASHTHRM
| Q4 25 | -3.1% | 0.8% | ||
| Q3 25 | 6.5% | 3.9% | ||
| Q2 25 | -160.3% | 0.1% | ||
| Q1 25 | 6.5% | -0.0% | ||
| Q4 24 | -40.7% | 4.3% | ||
| Q3 24 | 3.3% | 4.3% | ||
| Q2 24 | 1.1% | 5.0% | ||
| Q1 24 | 20.9% | 4.2% |
每股收益（稀释后）ASHTHRM
| Q4 25 | $-0.26 | $0.08 | ||
| Q3 25 | $0.83 | $0.49 | ||
| Q2 25 | $-16.21 | $0.02 | ||
| Q1 25 | $0.65 | $0.00 | ||
| Q4 24 | $-3.50 | $0.48 | ||
| Q3 24 | $0.34 | $0.51 | ||
| Q2 24 | $0.12 | $0.60 | ||
| Q1 24 | $2.39 | $0.47 |
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 | $160.8M |
| 总债务越低越好 | $1.4B | $189.0M |
| 股东权益账面价值 | $1.9B | $720.3M |
| 总资产 | $4.5B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资ASHTHRM
| Q4 25 | $304.0M | $160.8M | ||
| Q3 25 | $215.0M | $154.3M | ||
| Q2 25 | $207.0M | $128.3M | ||
| Q1 25 | $168.0M | $163.1M | ||
| Q4 24 | $219.0M | $134.1M | ||
| Q3 24 | $300.0M | $150.6M | ||
| Q2 24 | $399.0M | $123.5M | ||
| Q1 24 | $439.0M | $125.1M |
总债务ASHTHRM
| Q4 25 | $1.4B | $189.0M | ||
| Q3 25 | $1.4B | $189.0M | ||
| Q2 25 | $1.4B | $209.0M | ||
| Q1 25 | $1.3B | $262.0M | ||
| Q4 24 | $1.3B | $220.1M | ||
| Q3 24 | $1.3B | $222.1M | ||
| Q2 24 | $1.3B | $222.1M | ||
| Q1 24 | $1.3B | $222.2M |
股东权益ASHTHRM
| Q4 25 | $1.9B | $720.3M | ||
| Q3 25 | $1.9B | $717.9M | ||
| Q2 25 | $1.9B | $699.7M | ||
| Q1 25 | $2.6B | $646.5M | ||
| Q4 24 | $2.6B | $616.9M | ||
| Q3 24 | $2.9B | $660.7M | ||
| Q2 24 | $3.0B | $640.3M | ||
| Q1 24 | $3.1B | $647.1M |
总资产ASHTHRM
| Q4 25 | $4.5B | $1.4B | ||
| Q3 25 | $4.6B | $1.4B | ||
| Q2 25 | $4.6B | $1.4B | ||
| Q1 25 | $5.2B | $1.3B | ||
| Q4 24 | $5.2B | $1.2B | ||
| Q3 24 | $5.6B | $1.3B | ||
| Q2 24 | $5.7B | $1.2B | ||
| Q1 24 | $5.9B | $1.3B |
负债/权益比ASHTHRM
| Q4 25 | 0.74× | 0.26× | ||
| Q3 25 | 0.73× | 0.26× | ||
| Q2 25 | 0.73× | 0.30× | ||
| Q1 25 | 0.52× | 0.41× | ||
| Q4 24 | 0.51× | 0.36× | ||
| Q3 24 | 0.47× | 0.34× | ||
| Q2 24 | 0.45× | 0.35× | ||
| Q1 24 | 0.42× | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $6.7M |
| 自由现金流率自由现金流/营收 | 28.8% | 1.7% |
| 资本支出强度资本支出/营收 | 3.6% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 9.70× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $61.1M |
8季度趋势，按日历期对齐
经营现金流ASHTHRM
| Q4 25 | $125.0M | $29.0M | ||
| Q3 25 | $40.0M | $56.1M | ||
| Q2 25 | $115.0M | $45.0M | ||
| Q1 25 | $9.0M | $-13.3M | ||
| Q4 24 | $-30.0M | $36.6M | ||
| Q3 24 | $80.0M | $46.3M | ||
| Q2 24 | $127.0M | $37.1M | ||
| Q1 24 | $54.0M | $-10.3M |
自由现金流ASHTHRM
| Q4 25 | $111.0M | $6.7M | ||
| Q3 25 | $6.0M | $46.5M | ||
| Q2 25 | $95.0M | $36.2M | ||
| Q1 25 | $-12.0M | $-28.2M | ||
| Q4 24 | $-53.0M | $13.6M | ||
| Q3 24 | $42.0M | $26.6M | ||
| Q2 24 | $98.0M | $17.8M | ||
| Q1 24 | $20.0M | $-21.6M |
自由现金流率ASHTHRM
| Q4 25 | 28.8% | 1.7% | ||
| Q3 25 | 1.3% | 12.0% | ||
| Q2 25 | 20.5% | 9.6% | ||
| Q1 25 | -2.5% | -8.0% | ||
| Q4 24 | -13.1% | 3.9% | ||
| Q3 24 | 8.1% | 7.2% | ||
| Q2 24 | 18.0% | 4.7% | ||
| Q1 24 | 3.5% | -6.1% |
资本支出强度ASHTHRM
| Q4 25 | 3.6% | 5.8% | ||
| Q3 25 | 7.1% | 2.5% | ||
| Q2 25 | 4.3% | 2.4% | ||
| Q1 25 | 4.4% | 4.2% | ||
| Q4 24 | 5.7% | 6.5% | ||
| Q3 24 | 7.3% | 5.3% | ||
| Q2 24 | 5.3% | 5.2% | ||
| Q1 24 | 5.9% | 3.2% |
现金转化率ASHTHRM
| Q4 25 | — | 9.70× | ||
| Q3 25 | 1.29× | 3.75× | ||
| Q2 25 | — | 94.43× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | 4.71× | 2.90× | ||
| Q2 24 | 21.17× | 1.97× | ||
| Q1 24 | 0.45× | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
