vs
亚什兰（ASH）与猫途鹰（TRIP）财务数据对比。点击上方公司名可切换其他公司
猫途鹰的季度营收约是亚什兰的1.1倍（$411.0M vs $386.0M），亚什兰净利率更高（-3.1% vs -9.2%，领先6.1%），猫途鹰同比增速更快（0.0% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $-122.0M），过去两年猫途鹰的营收复合增速更高（2.0% 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。
TripAdvisor是美国知名在线旅游服务企业，旗下运营在线旅行社平台、旅游产品比价网站及移动应用，平台拥有大量用户生成的真实旅行内容，为全球消费者提供出行规划、预订等多元服务。
ASH vs TRIP — 直观对比
营收规模更大
TRIP
是对方的1.1倍
$386.0M
营收增速更快
TRIP
高出4.7%
-4.7%
净利率更高
ASH
高出6.1%
-9.2%
自由现金流更多
ASH
多$233.0M
$-122.0M
两年增速更快
TRIP
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $411.0M |
| 净利润 | $-12.0M | $-38.0M |
| 毛利率 | 27.2% | 91.5% |
| 营业利润率 | -1.6% | -8.3% |
| 净利率 | -3.1% | -9.2% |
| 营收同比 | -4.7% | 0.0% |
| 净利润同比 | 92.7% | -3900.0% |
| 每股收益（稀释后） | $-0.26 | $-0.32 |
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ASHTRIP
| Q4 25 | $386.0M | $411.0M | ||
| Q3 25 | $477.0M | $553.0M | ||
| Q2 25 | $463.0M | $529.0M | ||
| Q1 25 | $479.0M | $398.0M | ||
| Q4 24 | $405.0M | $411.0M | ||
| Q3 24 | $521.0M | $532.0M | ||
| Q2 24 | $544.0M | $497.0M | ||
| Q1 24 | $575.0M | $395.0M |
净利润ASHTRIP
| Q4 25 | $-12.0M | $-38.0M | ||
| Q3 25 | $31.0M | $53.0M | ||
| Q2 25 | $-742.0M | $36.0M | ||
| Q1 25 | $31.0M | $-11.0M | ||
| Q4 24 | $-165.0M | $1.0M | ||
| Q3 24 | $17.0M | $39.0M | ||
| Q2 24 | $6.0M | $24.0M | ||
| Q1 24 | $120.0M | $-59.0M |
毛利率ASHTRIP
| Q4 25 | 27.2% | 91.5% | ||
| Q3 25 | 33.3% | 92.6% | ||
| Q2 25 | 28.5% | 92.1% | ||
| Q1 25 | 30.7% | 93.2% | ||
| Q4 24 | 27.4% | 93.4% | ||
| Q3 24 | 33.2% | 92.5% | ||
| Q2 24 | 34.2% | 92.8% | ||
| Q1 24 | 28.0% | 93.7% |
营业利润率ASHTRIP
| Q4 25 | -1.6% | -8.3% | ||
| Q3 25 | 12.8% | 12.7% | ||
| Q2 25 | -152.9% | 11.2% | ||
| Q1 25 | 10.6% | -3.8% | ||
| Q4 24 | -44.2% | 0.2% | ||
| Q3 24 | 6.1% | 13.2% | ||
| Q2 24 | -11.2% | 7.2% | ||
| Q1 24 | 3.7% | -3.8% |
净利率ASHTRIP
| Q4 25 | -3.1% | -9.2% | ||
| Q3 25 | 6.5% | 9.6% | ||
| Q2 25 | -160.3% | 6.8% | ||
| Q1 25 | 6.5% | -2.8% | ||
| Q4 24 | -40.7% | 0.2% | ||
| Q3 24 | 3.3% | 7.3% | ||
| Q2 24 | 1.1% | 4.8% | ||
| Q1 24 | 20.9% | -14.9% |
每股收益（稀释后）ASHTRIP
| Q4 25 | $-0.26 | $-0.32 | ||
| Q3 25 | $0.83 | $0.43 | ||
| Q2 25 | $-16.21 | $0.28 | ||
| Q1 25 | $0.65 | $-0.08 | ||
| Q4 24 | $-3.50 | $0.03 | ||
| Q3 24 | $0.34 | $0.27 | ||
| Q2 24 | $0.12 | $0.17 | ||
| Q1 24 | $2.39 | $-0.43 |
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 | $1.0B |
| 总债务越低越好 | $1.4B | $819.0M |
| 股东权益账面价值 | $1.9B | $645.0M |
| 总资产 | $4.5B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.74× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资ASHTRIP
| Q4 25 | $304.0M | $1.0B | ||
| Q3 25 | $215.0M | $1.2B | ||
| Q2 25 | $207.0M | $1.2B | ||
| Q1 25 | $168.0M | $1.2B | ||
| Q4 24 | $219.0M | $1.1B | ||
| Q3 24 | $300.0M | $1.1B | ||
| Q2 24 | $399.0M | $1.2B | ||
| Q1 24 | $439.0M | $1.2B |
总债务ASHTRIP
| Q4 25 | $1.4B | $819.0M | ||
| Q3 25 | $1.4B | $821.0M | ||
| Q2 25 | $1.4B | $822.0M | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $831.0M | ||
| Q3 24 | $1.3B | $832.0M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
股东权益ASHTRIP
| Q4 25 | $1.9B | $645.0M | ||
| Q3 25 | $1.9B | $707.0M | ||
| Q2 25 | $1.9B | $627.0M | ||
| Q1 25 | $2.6B | $643.0M | ||
| Q4 24 | $2.6B | $943.0M | ||
| Q3 24 | $2.9B | $944.0M | ||
| Q2 24 | $3.0B | $857.0M | ||
| Q1 24 | $3.1B | $825.0M |
总资产ASHTRIP
| Q4 25 | $4.5B | $2.6B | ||
| Q3 25 | $4.6B | $2.8B | ||
| Q2 25 | $4.6B | $2.9B | ||
| Q1 25 | $5.2B | $2.8B | ||
| Q4 24 | $5.2B | $2.6B | ||
| Q3 24 | $5.6B | $2.7B | ||
| Q2 24 | $5.7B | $2.8B | ||
| Q1 24 | $5.9B | $2.7B |
负债/权益比ASHTRIP
| Q4 25 | 0.74× | 1.27× | ||
| Q3 25 | 0.73× | 1.16× | ||
| Q2 25 | 0.73× | 1.31× | ||
| Q1 25 | 0.52× | 1.81× | ||
| Q4 24 | 0.51× | 0.88× | ||
| Q3 24 | 0.47× | 0.88× | ||
| 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 | $-103.0M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $-122.0M |
| 自由现金流率自由现金流/营收 | 28.8% | -29.7% |
| 资本支出强度资本支出/营收 | 3.6% | 4.6% |
| 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 | $163.0M |
8季度趋势，按日历期对齐
经营现金流ASHTRIP
| Q4 25 | $125.0M | $-103.0M | ||
| Q3 25 | $40.0M | $44.0M | ||
| Q2 25 | $115.0M | $202.0M | ||
| Q1 25 | $9.0M | $102.0M | ||
| Q4 24 | $-30.0M | $-3.0M | ||
| Q3 24 | $80.0M | $-43.0M | ||
| Q2 24 | $127.0M | $51.0M | ||
| Q1 24 | $54.0M | $139.0M |
自由现金流ASHTRIP
| Q4 25 | $111.0M | $-122.0M | ||
| Q3 25 | $6.0M | $25.0M | ||
| Q2 25 | $95.0M | $177.0M | ||
| Q1 25 | $-12.0M | $83.0M | ||
| Q4 24 | $-53.0M | $-26.0M | ||
| Q3 24 | $42.0M | $-63.0M | ||
| Q2 24 | $98.0M | $36.0M | ||
| Q1 24 | $20.0M | $123.0M |
自由现金流率ASHTRIP
| Q4 25 | 28.8% | -29.7% | ||
| Q3 25 | 1.3% | 4.5% | ||
| Q2 25 | 20.5% | 33.5% | ||
| Q1 25 | -2.5% | 20.9% | ||
| Q4 24 | -13.1% | -6.3% | ||
| Q3 24 | 8.1% | -11.8% | ||
| Q2 24 | 18.0% | 7.2% | ||
| Q1 24 | 3.5% | 31.1% |
资本支出强度ASHTRIP
| Q4 25 | 3.6% | 4.6% | ||
| Q3 25 | 7.1% | 3.4% | ||
| Q2 25 | 4.3% | 4.7% | ||
| Q1 25 | 4.4% | 4.8% | ||
| Q4 24 | 5.7% | 5.6% | ||
| Q3 24 | 7.3% | 3.8% | ||
| Q2 24 | 5.3% | 3.0% | ||
| Q1 24 | 5.9% | 4.1% |
现金转化率ASHTRIP
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | 0.83× | ||
| Q2 25 | — | 5.61× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | -3.00× | ||
| Q3 24 | 4.71× | -1.10× | ||
| Q2 24 | 21.17× | 2.13× | ||
| Q1 24 | 0.45× | — |
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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
