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亚什兰（ASH）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是亚什兰的1.6倍（$613.5M vs $386.0M），Tyler Technologies净利率更高（13.2% vs -3.1%，领先16.3%），Tyler Technologies同比增速更快（8.6% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $2.0M），过去两年Tyler Technologies的营收复合增速更高（6.5% 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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
ASH vs TYL — 直观对比
营收规模更大
TYL
是对方的1.6倍
$386.0M
营收增速更快
TYL
高出13.2%
-4.7%
净利率更高
TYL
高出16.3%
-3.1%
自由现金流更多
ASH
多$109.0M
$2.0M
两年增速更快
TYL
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $613.5M |
| 净利润 | $-12.0M | $81.2M |
| 毛利率 | 27.2% | 48.3% |
| 营业利润率 | -1.6% | 16.3% |
| 净利率 | -3.1% | 13.2% |
| 营收同比 | -4.7% | 8.6% |
| 净利润同比 | 92.7% | — |
| 每股收益（稀释后） | $-0.26 | $1.88 |
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ASHTYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $386.0M | $575.2M | ||
| Q3 25 | $477.0M | $595.9M | ||
| Q2 25 | $463.0M | $596.1M | ||
| Q1 25 | $479.0M | $565.2M | ||
| Q4 24 | $405.0M | $541.1M | ||
| Q3 24 | $521.0M | $543.3M | ||
| Q2 24 | $544.0M | $541.0M |
净利润ASHTYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $-12.0M | $65.5M | ||
| Q3 25 | $31.0M | $84.4M | ||
| Q2 25 | $-742.0M | $84.6M | ||
| Q1 25 | $31.0M | $81.1M | ||
| Q4 24 | $-165.0M | $65.2M | ||
| Q3 24 | $17.0M | $75.9M | ||
| Q2 24 | $6.0M | $67.7M |
毛利率ASHTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | 27.2% | 45.5% | ||
| Q3 25 | 33.3% | 47.2% | ||
| Q2 25 | 28.5% | 45.8% | ||
| Q1 25 | 30.7% | 47.3% | ||
| Q4 24 | 27.4% | 43.8% | ||
| Q3 24 | 33.2% | 43.7% | ||
| Q2 24 | 34.2% | 44.0% |
营业利润率ASHTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | -1.6% | 13.0% | ||
| Q3 25 | 12.8% | 16.4% | ||
| Q2 25 | -152.9% | 16.0% | ||
| Q1 25 | 10.6% | 15.8% | ||
| Q4 24 | -44.2% | 13.2% | ||
| Q3 24 | 6.1% | 15.2% | ||
| Q2 24 | -11.2% | 14.4% |
净利率ASHTYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | -3.1% | 11.4% | ||
| Q3 25 | 6.5% | 14.2% | ||
| Q2 25 | -160.3% | 14.2% | ||
| Q1 25 | 6.5% | 14.3% | ||
| Q4 24 | -40.7% | 12.1% | ||
| Q3 24 | 3.3% | 14.0% | ||
| Q2 24 | 1.1% | 12.5% |
每股收益（稀释后）ASHTYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $-0.26 | $1.50 | ||
| Q3 25 | $0.83 | $1.93 | ||
| Q2 25 | $-16.21 | $1.93 | ||
| Q1 25 | $0.65 | $1.84 | ||
| Q4 24 | $-3.50 | $1.48 | ||
| Q3 24 | $0.34 | $1.74 | ||
| Q2 24 | $0.12 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $3.6B |
| 总资产 | $4.5B | $4.8B |
| 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ASHTYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $304.0M | $1.1B | ||
| Q3 25 | $215.0M | $950.8M | ||
| Q2 25 | $207.0M | $892.3M | ||
| Q1 25 | $168.0M | $807.4M | ||
| Q4 24 | $219.0M | $768.0M | ||
| Q3 24 | $300.0M | $544.3M | ||
| Q2 24 | $399.0M | $258.0M |
总债务ASHTYL
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $599.7M | ||
| Q3 25 | $1.4B | $599.2M | ||
| Q2 25 | $1.4B | $598.8M | ||
| Q1 25 | $1.3B | $598.4M | ||
| Q4 24 | $1.3B | $597.9M | ||
| Q3 24 | $1.3B | $597.5M | ||
| Q2 24 | $1.3B | $597.1M |
股东权益ASHTYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $1.9B | $3.7B | ||
| Q3 25 | $1.9B | $3.6B | ||
| Q2 25 | $1.9B | $3.6B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.6B | $3.4B | ||
| Q3 24 | $2.9B | $3.3B | ||
| Q2 24 | $3.0B | $3.1B |
总资产ASHTYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $4.5B | $5.6B | ||
| Q3 25 | $4.6B | $5.5B | ||
| Q2 25 | $4.6B | $5.4B | ||
| Q1 25 | $5.2B | $5.2B | ||
| Q4 24 | $5.2B | $5.2B | ||
| Q3 24 | $5.6B | $5.0B | ||
| Q2 24 | $5.7B | $4.8B |
负债/权益比ASHTYL
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 0.16× | ||
| Q3 25 | 0.73× | 0.17× | ||
| Q2 25 | 0.73× | 0.16× | ||
| Q1 25 | 0.52× | 0.17× | ||
| Q4 24 | 0.51× | 0.18× | ||
| Q3 24 | 0.47× | 0.18× | ||
| Q2 24 | 0.45× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $2.0M |
| 自由现金流率自由现金流/营收 | 28.8% | 0.3% |
| 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 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $585.7M |
8季度趋势，按日历期对齐
经营现金流ASHTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $125.0M | $243.9M | ||
| Q3 25 | $40.0M | $255.2M | ||
| Q2 25 | $115.0M | $98.3M | ||
| Q1 25 | $9.0M | $56.2M | ||
| Q4 24 | $-30.0M | $224.8M | ||
| Q3 24 | $80.0M | $263.7M | ||
| Q2 24 | $127.0M | $64.3M |
自由现金流ASHTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $111.0M | $239.6M | ||
| Q3 25 | $6.0M | $251.3M | ||
| Q2 25 | $95.0M | $92.8M | ||
| Q1 25 | $-12.0M | $53.8M | ||
| Q4 24 | $-53.0M | $221.0M | ||
| Q3 24 | $42.0M | $260.8M | ||
| Q2 24 | $98.0M | $57.7M |
自由现金流率ASHTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | 28.8% | 41.7% | ||
| Q3 25 | 1.3% | 42.2% | ||
| Q2 25 | 20.5% | 15.6% | ||
| Q1 25 | -2.5% | 9.5% | ||
| Q4 24 | -13.1% | 40.8% | ||
| Q3 24 | 8.1% | 48.0% | ||
| Q2 24 | 18.0% | 10.7% |
资本支出强度ASHTYL
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 0.8% | ||
| Q3 25 | 7.1% | 0.7% | ||
| Q2 25 | 4.3% | 0.9% | ||
| Q1 25 | 4.4% | 0.4% | ||
| Q4 24 | 5.7% | 0.7% | ||
| Q3 24 | 7.3% | 0.5% | ||
| Q2 24 | 5.3% | 1.2% |
现金转化率ASHTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | — | 3.72× | ||
| Q3 25 | 1.29× | 3.02× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | 0.29× | 0.69× | ||
| Q4 24 | — | 3.45× | ||
| Q3 24 | 4.71× | 3.47× | ||
| Q2 24 | 21.17× | 0.95× |
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% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
