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亚什兰（ASH）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）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VIRTUS INVESTMENT PARTNERS, INC.的1.9倍（$386.0M vs $199.5M），VIRTUS INVESTMENT PARTNERS, INC.净利率更高（3.6% vs -3.1%，领先6.7%），VIRTUS INVESTMENT PARTNERS, INC.同比增速更快（-4.1% vs -4.7%），过去两年VIRTUS INVESTMENT PARTNERS, INC.的营收复合增速更高（-5.7% 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。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
ASH vs VRTS — 直观对比
营收规模更大
ASH
是对方的1.9倍
$199.5M
营收增速更快
VRTS
高出0.6%
-4.7%
净利率更高
VRTS
高出6.7%
-3.1%
两年增速更快
VRTS
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $199.5M |
| 净利润 | $-12.0M | $7.1M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | 7.7% |
| 净利率 | -3.1% | 3.6% |
| 营收同比 | -4.7% | -4.1% |
| 净利润同比 | 92.7% | -78.1% |
| 每股收益（稀释后） | $-0.26 | $1.05 |
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ASHVRTS
| Q1 26 | — | $199.5M | ||
| Q4 25 | $386.0M | $208.0M | ||
| Q3 25 | $477.0M | $216.4M | ||
| Q2 25 | $463.0M | $210.5M | ||
| Q1 25 | $479.0M | $217.9M | ||
| Q4 24 | $405.0M | $233.5M | ||
| Q3 24 | $521.0M | $227.0M | ||
| Q2 24 | $544.0M | $224.4M |
净利润ASHVRTS
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-12.0M | $33.9M | ||
| Q3 25 | $31.0M | $31.3M | ||
| Q2 25 | $-742.0M | $42.7M | ||
| Q1 25 | $31.0M | $28.1M | ||
| Q4 24 | $-165.0M | $39.5M | ||
| Q3 24 | $17.0M | $49.1M | ||
| Q2 24 | $6.0M | $26.0M |
毛利率ASHVRTS
| Q1 26 | — | — | ||
| 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% | — |
营业利润率ASHVRTS
| Q1 26 | — | 7.7% | ||
| Q4 25 | -1.6% | 19.1% | ||
| Q3 25 | 12.8% | 21.7% | ||
| Q2 25 | -152.9% | 21.5% | ||
| Q1 25 | 10.6% | 16.8% | ||
| Q4 24 | -44.2% | 21.7% | ||
| Q3 24 | 6.1% | 24.3% | ||
| Q2 24 | -11.2% | 19.7% |
净利率ASHVRTS
| Q1 26 | — | 3.6% | ||
| Q4 25 | -3.1% | 16.3% | ||
| Q3 25 | 6.5% | 14.5% | ||
| Q2 25 | -160.3% | 20.3% | ||
| Q1 25 | 6.5% | 12.9% | ||
| Q4 24 | -40.7% | 16.9% | ||
| Q3 24 | 3.3% | 21.6% | ||
| Q2 24 | 1.1% | 11.6% |
每股收益（稀释后）ASHVRTS
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.26 | $5.15 | ||
| Q3 25 | $0.83 | $4.65 | ||
| Q2 25 | $-16.21 | $6.12 | ||
| Q1 25 | $0.65 | $4.05 | ||
| Q4 24 | $-3.50 | $4.65 | ||
| Q3 24 | $0.34 | $5.71 | ||
| Q2 24 | $0.12 | $2.43 |
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 | $136.6M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $93.6B |
| 总资产 | $4.5B | — |
| 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ASHVRTS
| Q1 26 | — | $136.6M | ||
| Q4 25 | $304.0M | — | ||
| Q3 25 | $215.0M | — | ||
| Q2 25 | $207.0M | — | ||
| Q1 25 | $168.0M | — | ||
| Q4 24 | $219.0M | — | ||
| Q3 24 | $300.0M | — | ||
| Q2 24 | $399.0M | — |
总债务ASHVRTS
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $390.0M | ||
| Q3 25 | $1.4B | $390.6M | ||
| Q2 25 | $1.4B | $231.3M | ||
| Q1 25 | $1.3B | $231.7M | ||
| Q4 24 | $1.3B | $232.1M | ||
| Q3 24 | $1.3B | $237.5M | ||
| Q2 24 | $1.3B | $247.6M |
股东权益ASHVRTS
| Q1 26 | — | $93.6B | ||
| Q4 25 | $1.9B | $934.0M | ||
| Q3 25 | $1.9B | $918.7M | ||
| Q2 25 | $1.9B | $896.4M | ||
| Q1 25 | $2.6B | $893.7M | ||
| Q4 24 | $2.6B | $897.5M | ||
| Q3 24 | $2.9B | $889.0M | ||
| Q2 24 | $3.0B | $868.7M |
总资产ASHVRTS
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $4.3B | ||
| Q3 25 | $4.6B | $3.9B | ||
| Q2 25 | $4.6B | $3.7B | ||
| Q1 25 | $5.2B | $3.7B | ||
| Q4 24 | $5.2B | $4.0B | ||
| Q3 24 | $5.6B | $3.6B | ||
| Q2 24 | $5.7B | $3.6B |
负债/权益比ASHVRTS
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 0.42× | ||
| Q3 25 | 0.73× | 0.43× | ||
| Q2 25 | 0.73× | 0.26× | ||
| Q1 25 | 0.52× | 0.26× | ||
| Q4 24 | 0.51× | 0.26× | ||
| Q3 24 | 0.47× | 0.27× | ||
| Q2 24 | 0.45× | 0.29× |
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 | — |
| 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 | — | — |
| 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ASHVRTS
| Q1 26 | — | — | ||
| Q4 25 | $125.0M | $-67.2M | ||
| Q3 25 | $40.0M | $108.3M | ||
| Q2 25 | $115.0M | $75.8M | ||
| Q1 25 | $9.0M | $-3.8M | ||
| Q4 24 | $-30.0M | $1.8M | ||
| Q3 24 | $80.0M | $69.1M | ||
| Q2 24 | $127.0M | $70.0M |
自由现金流ASHVRTS
| Q1 26 | — | — | ||
| Q4 25 | $111.0M | $-74.1M | ||
| Q3 25 | $6.0M | $106.9M | ||
| Q2 25 | $95.0M | $74.2M | ||
| Q1 25 | $-12.0M | $-6.8M | ||
| Q4 24 | $-53.0M | $-3.8M | ||
| Q3 24 | $42.0M | $68.7M | ||
| Q2 24 | $98.0M | $68.6M |
自由现金流率ASHVRTS
| Q1 26 | — | — | ||
| Q4 25 | 28.8% | -35.6% | ||
| Q3 25 | 1.3% | 49.4% | ||
| Q2 25 | 20.5% | 35.2% | ||
| Q1 25 | -2.5% | -3.1% | ||
| Q4 24 | -13.1% | -1.6% | ||
| Q3 24 | 8.1% | 30.3% | ||
| Q2 24 | 18.0% | 30.6% |
资本支出强度ASHVRTS
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 3.3% | ||
| Q3 25 | 7.1% | 0.7% | ||
| Q2 25 | 4.3% | 0.7% | ||
| Q1 25 | 4.4% | 1.4% | ||
| Q4 24 | 5.7% | 2.4% | ||
| Q3 24 | 7.3% | 0.2% | ||
| Q2 24 | 5.3% | 0.6% |
现金转化率ASHVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | 1.29× | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | 0.29× | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 4.71× | 1.41× | ||
| Q2 24 | 21.17× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
