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亚什兰（ASH）与Cactus, Inc.（WHD）财务数据对比。点击上方公司名可切换其他公司
Cactus, Inc.的季度营收约是亚什兰的1.0倍（$388.3M vs $386.0M），Cactus, Inc.净利率更高（10.4% vs -3.1%，领先13.5%），Cactus, Inc.同比增速更快（38.5% vs -4.7%），过去两年Cactus, Inc.的营收复合增速更高（15.6% 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。
Cactus, Inc.旗下拥有Cactus Club Cafe，是源自加拿大不列颠哥伦比亚省北温哥华的高端休闲连锁餐饮品牌。目前品牌已在加拿大全境布局34家门店，覆盖不列颠哥伦比亚、阿尔伯塔、萨斯喀彻温、安大略等省份，同时在美国也设有门店，主打高品质休闲餐饮体验。
ASH vs WHD — 直观对比
营收规模更大
WHD
是对方的1.0倍
$386.0M
营收增速更快
WHD
高出43.2%
-4.7%
净利率更高
WHD
高出13.5%
-3.1%
两年增速更快
WHD
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $388.3M |
| 净利润 | $-12.0M | $40.2M |
| 毛利率 | 27.2% | — |
| 营业利润率 | -1.6% | 9.9% |
| 净利率 | -3.1% | 10.4% |
| 营收同比 | -4.7% | 38.5% |
| 净利润同比 | 92.7% | -25.7% |
| 每股收益（稀释后） | $-0.26 | — |
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ASHWHD
| Q1 26 | — | $388.3M | ||
| Q4 25 | $386.0M | $261.2M | ||
| Q3 25 | $477.0M | $264.0M | ||
| Q2 25 | $463.0M | $273.6M | ||
| Q1 25 | $479.0M | $280.3M | ||
| Q4 24 | $405.0M | $272.1M | ||
| Q3 24 | $521.0M | $293.2M | ||
| Q2 24 | $544.0M | $290.4M |
净利润ASHWHD
| Q1 26 | — | $40.2M | ||
| Q4 25 | $-12.0M | $39.8M | ||
| Q3 25 | $31.0M | $41.6M | ||
| Q2 25 | $-742.0M | $40.3M | ||
| Q1 25 | $31.0M | $44.2M | ||
| Q4 24 | $-165.0M | $46.7M | ||
| Q3 24 | $17.0M | $49.9M | ||
| Q2 24 | $6.0M | $49.8M |
毛利率ASHWHD
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | 36.2% | ||
| Q3 25 | 33.3% | 36.8% | ||
| Q2 25 | 28.5% | 36.6% | ||
| Q1 25 | 30.7% | 38.4% | ||
| Q4 24 | 27.4% | 37.8% | ||
| Q3 24 | 33.2% | 39.0% | ||
| Q2 24 | 34.2% | 39.2% |
营业利润率ASHWHD
| Q1 26 | — | 9.9% | ||
| Q4 25 | -1.6% | 22.9% | ||
| Q3 25 | 12.8% | 23.2% | ||
| Q2 25 | -152.9% | 22.2% | ||
| Q1 25 | 10.6% | 24.5% | ||
| Q4 24 | -44.2% | 25.9% | ||
| Q3 24 | 6.1% | 26.2% | ||
| Q2 24 | -11.2% | 27.5% |
净利率ASHWHD
| Q1 26 | — | 10.4% | ||
| Q4 25 | -3.1% | 15.3% | ||
| Q3 25 | 6.5% | 15.8% | ||
| Q2 25 | -160.3% | 14.7% | ||
| Q1 25 | 6.5% | 15.8% | ||
| Q4 24 | -40.7% | 17.2% | ||
| Q3 24 | 3.3% | 17.0% | ||
| Q2 24 | 1.1% | 17.2% |
每股收益（稀释后）ASHWHD
| Q1 26 | — | — | ||
| Q4 25 | $-0.26 | — | ||
| Q3 25 | $0.83 | — | ||
| Q2 25 | $-16.21 | — | ||
| Q1 25 | $0.65 | — | ||
| Q4 24 | $-3.50 | — | ||
| Q3 24 | $0.34 | — | ||
| Q2 24 | $0.12 | — |
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 | $291.6M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $1.4B |
| 总资产 | $4.5B | $2.5B |
| 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ASHWHD
| Q1 26 | — | $291.6M | ||
| Q4 25 | $304.0M | $123.6M | ||
| Q3 25 | $215.0M | $445.6M | ||
| Q2 25 | $207.0M | $405.2M | ||
| Q1 25 | $168.0M | $347.7M | ||
| Q4 24 | $219.0M | $342.8M | ||
| Q3 24 | $300.0M | $303.4M | ||
| Q2 24 | $399.0M | $246.5M |
总债务ASHWHD
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $0 | ||
| Q3 25 | $1.4B | $0 | ||
| Q2 25 | $1.4B | $0 | ||
| Q1 25 | $1.3B | $0 | ||
| Q4 24 | $1.3B | $0 | ||
| Q3 24 | $1.3B | $0 | ||
| Q2 24 | $1.3B | $0 |
股东权益ASHWHD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.6B | $1.1B | ||
| Q3 24 | $2.9B | $1.0B | ||
| Q2 24 | $3.0B | $954.7M |
总资产ASHWHD
| Q1 26 | — | $2.5B | ||
| Q4 25 | $4.5B | $1.9B | ||
| Q3 25 | $4.6B | $1.9B | ||
| Q2 25 | $4.6B | $1.8B | ||
| Q1 25 | $5.2B | $1.8B | ||
| Q4 24 | $5.2B | $1.7B | ||
| Q3 24 | $5.6B | $1.7B | ||
| Q2 24 | $5.7B | $1.6B |
负债/权益比ASHWHD
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 0.00× | ||
| Q3 25 | 0.73× | 0.00× | ||
| Q2 25 | 0.73× | 0.00× | ||
| Q1 25 | 0.52× | 0.00× | ||
| Q4 24 | 0.51× | 0.00× | ||
| Q3 24 | 0.47× | 0.00× | ||
| Q2 24 | 0.45× | 0.00× |
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 | $128.3M |
| 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% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 3.19× |
| 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ASHWHD
| Q1 26 | — | $128.3M | ||
| Q4 25 | $125.0M | $72.3M | ||
| Q3 25 | $40.0M | $61.8M | ||
| Q2 25 | $115.0M | $82.8M | ||
| Q1 25 | $9.0M | $41.5M | ||
| Q4 24 | $-30.0M | $66.6M | ||
| Q3 24 | $80.0M | $85.3M | ||
| Q2 24 | $127.0M | $78.0M |
自由现金流ASHWHD
| Q1 26 | — | — | ||
| Q4 25 | $111.0M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $-53.0M | — | ||
| Q3 24 | $42.0M | — | ||
| Q2 24 | $98.0M | — |
自由现金流率ASHWHD
| Q1 26 | — | — | ||
| Q4 25 | 28.8% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | -2.5% | — | ||
| Q4 24 | -13.1% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 18.0% | — |
资本支出强度ASHWHD
| Q1 26 | — | 2.5% | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 5.3% | — |
现金转化率ASHWHD
| Q1 26 | — | 3.19× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | 1.29× | 1.48× | ||
| Q2 25 | — | 2.05× | ||
| Q1 25 | 0.29× | 0.94× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | 4.71× | 1.71× | ||
| Q2 24 | 21.17× | 1.56× |
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% |
WHD
| Revenue | $300.2M | 77% |
| Other | $88.2M | 23% |
