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亚什兰（ASH）与Westrock Coffee Co（WEST）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Westrock Coffee Co的1.1倍（$386.0M vs $339.5M），亚什兰净利率更高（-3.1% vs -6.6%，领先3.5%），Westrock Coffee Co同比增速更快（48.3% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $27.8M），过去两年Westrock Coffee Co的营收复合增速更高（32.8% 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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
ASH vs WEST — 直观对比
营收规模更大
ASH
是对方的1.1倍
$339.5M
营收增速更快
WEST
高出52.9%
-4.7%
净利率更高
ASH
高出3.5%
-6.6%
自由现金流更多
ASH
多$83.2M
$27.8M
两年增速更快
WEST
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $339.5M |
| 净利润 | $-12.0M | $-22.6M |
| 毛利率 | 27.2% | 11.5% |
| 营业利润率 | -1.6% | -2.6% |
| 净利率 | -3.1% | -6.6% |
| 营收同比 | -4.7% | 48.3% |
| 净利润同比 | 92.7% | 8.3% |
| 每股收益（稀释后） | $-0.26 | $-0.22 |
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ASHWEST
| Q4 25 | $386.0M | $339.5M | ||
| Q3 25 | $477.0M | $354.8M | ||
| Q2 25 | $463.0M | $280.9M | ||
| Q1 25 | $479.0M | $213.8M | ||
| Q4 24 | $405.0M | $229.0M | ||
| Q3 24 | $521.0M | $220.9M | ||
| Q2 24 | $544.0M | $208.4M | ||
| Q1 24 | $575.0M | $192.5M |
净利润ASHWEST
| Q4 25 | $-12.0M | $-22.6M | ||
| Q3 25 | $31.0M | $-19.1M | ||
| Q2 25 | $-742.0M | $-21.6M | ||
| Q1 25 | $31.0M | $-27.2M | ||
| Q4 24 | $-165.0M | $-24.6M | ||
| Q3 24 | $17.0M | $-14.3M | ||
| Q2 24 | $6.0M | $-17.8M | ||
| Q1 24 | $120.0M | $-23.7M |
毛利率ASHWEST
| Q4 25 | 27.2% | 11.5% | ||
| Q3 25 | 33.3% | 11.7% | ||
| Q2 25 | 28.5% | 14.7% | ||
| Q1 25 | 30.7% | 13.6% | ||
| Q4 24 | 27.4% | 16.6% | ||
| Q3 24 | 33.2% | 16.8% | ||
| Q2 24 | 34.2% | 19.9% | ||
| Q1 24 | 28.0% | 19.4% |
营业利润率ASHWEST
| Q4 25 | -1.6% | -2.6% | ||
| Q3 25 | 12.8% | -2.4% | ||
| Q2 25 | -152.9% | -5.3% | ||
| Q1 25 | 10.6% | -6.1% | ||
| Q4 24 | -44.2% | -4.3% | ||
| Q3 24 | 6.1% | -5.8% | ||
| Q2 24 | -11.2% | -7.9% | ||
| Q1 24 | 3.7% | -5.3% |
净利率ASHWEST
| Q4 25 | -3.1% | -6.6% | ||
| Q3 25 | 6.5% | -5.4% | ||
| Q2 25 | -160.3% | -7.7% | ||
| Q1 25 | 6.5% | -12.7% | ||
| Q4 24 | -40.7% | -10.7% | ||
| Q3 24 | 3.3% | -6.5% | ||
| Q2 24 | 1.1% | -8.5% | ||
| Q1 24 | 20.9% | -12.3% |
每股收益（稀释后）ASHWEST
| Q4 25 | $-0.26 | $-0.22 | ||
| Q3 25 | $0.83 | $-0.20 | ||
| Q2 25 | $-16.21 | $-0.23 | ||
| Q1 25 | $0.65 | $-0.29 | ||
| Q4 24 | $-3.50 | $-0.26 | ||
| Q3 24 | $0.34 | $-0.16 | ||
| Q2 24 | $0.12 | $-0.20 | ||
| Q1 24 | $2.39 | $-0.27 |
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 | $49.9M |
| 总债务越低越好 | $1.4B | $444.1M |
| 股东权益账面价值 | $1.9B | $-1.9M |
| 总资产 | $4.5B | $1.2B |
| 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ASHWEST
| Q4 25 | $304.0M | $49.9M | ||
| Q3 25 | $215.0M | $34.0M | ||
| Q2 25 | $207.0M | $44.0M | ||
| Q1 25 | $168.0M | $33.1M | ||
| Q4 24 | $219.0M | $26.2M | ||
| Q3 24 | $300.0M | $22.4M | ||
| Q2 24 | $399.0M | $24.3M | ||
| Q1 24 | $439.0M | $12.6M |
总债务ASHWEST
| Q4 25 | $1.4B | $444.1M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $393.1M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
股东权益ASHWEST
| Q4 25 | $1.9B | $-1.9M | ||
| Q3 25 | $1.9B | $11.4M | ||
| Q2 25 | $1.9B | $18.2M | ||
| Q1 25 | $2.6B | $71.4M | ||
| Q4 24 | $2.6B | $97.5M | ||
| Q3 24 | $2.9B | $110.3M | ||
| Q2 24 | $3.0B | $81.5M | ||
| Q1 24 | $3.1B | $91.7M |
总资产ASHWEST
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.6B | $1.2B | ||
| Q2 25 | $4.6B | $1.2B | ||
| Q1 25 | $5.2B | $1.1B | ||
| Q4 24 | $5.2B | $1.1B | ||
| Q3 24 | $5.6B | $1.1B | ||
| Q2 24 | $5.7B | $1.1B | ||
| Q1 24 | $5.9B | $983.3M |
负债/权益比ASHWEST
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.51× | 4.03× | ||
| Q3 24 | 0.47× | — | ||
| 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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $27.8M |
| 自由现金流率自由现金流/营收 | 28.8% | 8.2% |
| 资本支出强度资本支出/营收 | 3.6% | 2.6% |
| 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 | $-107.8M |
8季度趋势，按日历期对齐
经营现金流ASHWEST
| Q4 25 | $125.0M | $36.7M | ||
| Q3 25 | $40.0M | $-26.6M | ||
| Q2 25 | $115.0M | $-7.0M | ||
| Q1 25 | $9.0M | $-22.1M | ||
| Q4 24 | $-30.0M | $2.8M | ||
| Q3 24 | $80.0M | $-332.0K | ||
| Q2 24 | $127.0M | $-23.7M | ||
| Q1 24 | $54.0M | $8.0M |
自由现金流ASHWEST
| Q4 25 | $111.0M | $27.8M | ||
| Q3 25 | $6.0M | $-44.7M | ||
| Q2 25 | $95.0M | $-27.5M | ||
| Q1 25 | $-12.0M | $-63.4M | ||
| Q4 24 | $-53.0M | $-15.4M | ||
| Q3 24 | $42.0M | $-36.7M | ||
| Q2 24 | $98.0M | $-59.9M | ||
| Q1 24 | $20.0M | $-60.9M |
自由现金流率ASHWEST
| Q4 25 | 28.8% | 8.2% | ||
| Q3 25 | 1.3% | -12.6% | ||
| Q2 25 | 20.5% | -9.8% | ||
| Q1 25 | -2.5% | -29.7% | ||
| Q4 24 | -13.1% | -6.7% | ||
| Q3 24 | 8.1% | -16.6% | ||
| Q2 24 | 18.0% | -28.7% | ||
| Q1 24 | 3.5% | -31.7% |
资本支出强度ASHWEST
| Q4 25 | 3.6% | 2.6% | ||
| Q3 25 | 7.1% | 5.1% | ||
| Q2 25 | 4.3% | 7.3% | ||
| Q1 25 | 4.4% | 19.3% | ||
| Q4 24 | 5.7% | 7.9% | ||
| Q3 24 | 7.3% | 16.5% | ||
| Q2 24 | 5.3% | 17.4% | ||
| Q1 24 | 5.9% | 35.8% |
现金转化率ASHWEST
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | — | ||
| Q2 24 | 21.17× | — | ||
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
