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亚什兰（ASH）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）财务数据对比。点击上方公司名可切换其他公司
ADVANCED DRAINAGE SYSTEMS, INC.的季度营收约是亚什兰的1.8倍（$693.4M vs $386.0M），ADVANCED DRAINAGE SYSTEMS, INC.净利率更高（13.5% vs -3.1%，领先16.6%），ADVANCED DRAINAGE SYSTEMS, INC.同比增速更快（0.4% vs -4.7%），ADVANCED DRAINAGE SYSTEMS, INC.自由现金流更多（$183.6M vs $111.0M），过去两年ADVANCED DRAINAGE SYSTEMS, INC.的营收复合增速更高（3.0% 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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
ASH vs WMS — 直观对比
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $693.4M |
| 净利润 | $-12.0M | $93.6M |
| 毛利率 | 27.2% | 37.4% |
| 营业利润率 | -1.6% | 19.7% |
| 净利率 | -3.1% | 13.5% |
| 营收同比 | -4.7% | 0.4% |
| 净利润同比 | 92.7% | 15.3% |
| 每股收益（稀释后） | $-0.26 | $1.19 |
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
| Q4 25 | $386.0M | $693.4M | ||
| Q3 25 | $477.0M | $850.4M | ||
| Q2 25 | $463.0M | $829.9M | ||
| Q1 25 | $479.0M | $615.8M | ||
| Q4 24 | $405.0M | $690.5M | ||
| Q3 24 | $521.0M | $782.6M | ||
| Q2 24 | $544.0M | $815.3M | ||
| Q1 24 | $575.0M | $653.8M |
| Q4 25 | $-12.0M | $93.6M | ||
| Q3 25 | $31.0M | $156.0M | ||
| Q2 25 | $-742.0M | $143.9M | ||
| Q1 25 | $31.0M | $77.2M | ||
| Q4 24 | $-165.0M | $81.2M | ||
| Q3 24 | $17.0M | $130.4M | ||
| Q2 24 | $6.0M | $161.4M | ||
| Q1 24 | $120.0M | $94.8M |
| Q4 25 | 27.2% | 37.4% | ||
| Q3 25 | 33.3% | 40.0% | ||
| Q2 25 | 28.5% | 39.8% | ||
| Q1 25 | 30.7% | 36.7% | ||
| Q4 24 | 27.4% | 35.0% | ||
| Q3 24 | 33.2% | 37.6% | ||
| Q2 24 | 34.2% | 40.8% | ||
| Q1 24 | 28.0% | 38.5% |
| Q4 25 | -1.6% | 19.7% | ||
| Q3 25 | 12.8% | 26.3% | ||
| Q2 25 | -152.9% | 24.8% | ||
| Q1 25 | 10.6% | 19.0% | ||
| Q4 24 | -44.2% | 18.4% | ||
| Q3 24 | 6.1% | 23.9% | ||
| Q2 24 | -11.2% | 27.7% | ||
| Q1 24 | 3.7% | 20.7% |
| Q4 25 | -3.1% | 13.5% | ||
| Q3 25 | 6.5% | 18.3% | ||
| Q2 25 | -160.3% | 17.3% | ||
| Q1 25 | 6.5% | 12.5% | ||
| Q4 24 | -40.7% | 11.8% | ||
| Q3 24 | 3.3% | 16.7% | ||
| Q2 24 | 1.1% | 19.8% | ||
| Q1 24 | 20.9% | 14.5% |
| Q4 25 | $-0.26 | $1.19 | ||
| Q3 25 | $0.83 | $1.99 | ||
| Q2 25 | $-16.21 | $1.84 | ||
| Q1 25 | $0.65 | $0.99 | ||
| Q4 24 | $-3.50 | $1.04 | ||
| Q3 24 | $0.34 | $1.67 | ||
| Q2 24 | $0.12 | $2.06 | ||
| Q1 24 | $2.39 | $1.22 |
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 | — |
| 股东权益账面价值 | $1.9B | $1.9B |
| 总资产 | $4.5B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
| Q4 25 | $304.0M | $1.0B | ||
| Q3 25 | $215.0M | $812.9M | ||
| Q2 25 | $207.0M | $638.3M | ||
| Q1 25 | $168.0M | $463.3M | ||
| Q4 24 | $219.0M | $488.9M | ||
| Q3 24 | $300.0M | $613.0M | ||
| Q2 24 | $399.0M | $541.6M | ||
| Q1 24 | $439.0M | $490.2M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | $1.3B |
| Q4 25 | $1.9B | $1.9B | ||
| Q3 25 | $1.9B | $1.8B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $3.0B | $1.3B | ||
| Q1 24 | $3.1B | $1.2B |
| Q4 25 | $4.5B | $4.1B | ||
| Q3 25 | $4.6B | $4.1B | ||
| Q2 25 | $4.6B | $3.9B | ||
| Q1 25 | $5.2B | $3.7B | ||
| Q4 24 | $5.2B | $3.6B | ||
| Q3 24 | $5.6B | $3.5B | ||
| Q2 24 | $5.7B | $3.4B | ||
| Q1 24 | $5.9B | $3.3B |
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | 0.83× | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.42× | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $183.6M |
| 自由现金流率自由现金流/营收 | 28.8% | 26.5% |
| 资本支出强度资本支出/营收 | 3.6% | 12.4% |
| 现金转化率经营现金流/净利润 | — | 2.88× |
| 过去12个月自由现金流最近4个季度 | $200.0M | $577.1M |
8季度趋势，按日历期对齐
| Q4 25 | $125.0M | $269.3M | ||
| Q3 25 | $40.0M | $234.9M | ||
| Q2 25 | $115.0M | $275.0M | ||
| Q1 25 | $9.0M | $41.2M | ||
| Q4 24 | $-30.0M | $189.9M | ||
| Q3 24 | $80.0M | $166.9M | ||
| Q2 24 | $127.0M | $183.4M | ||
| Q1 24 | $54.0M | $17.7M |
| Q4 25 | $111.0M | $183.6M | ||
| Q3 25 | $6.0M | $176.4M | ||
| Q2 25 | $95.0M | $222.4M | ||
| Q1 25 | $-12.0M | $-5.3M | ||
| Q4 24 | $-53.0M | $135.7M | ||
| Q3 24 | $42.0M | $112.4M | ||
| Q2 24 | $98.0M | $125.7M | ||
| Q1 24 | $20.0M | $-29.8M |
| Q4 25 | 28.8% | 26.5% | ||
| Q3 25 | 1.3% | 20.7% | ||
| Q2 25 | 20.5% | 26.8% | ||
| Q1 25 | -2.5% | -0.9% | ||
| Q4 24 | -13.1% | 19.7% | ||
| Q3 24 | 8.1% | 14.4% | ||
| Q2 24 | 18.0% | 15.4% | ||
| Q1 24 | 3.5% | -4.6% |
| Q4 25 | 3.6% | 12.4% | ||
| Q3 25 | 7.1% | 6.9% | ||
| Q2 25 | 4.3% | 6.3% | ||
| Q1 25 | 4.4% | 7.6% | ||
| Q4 24 | 5.7% | 7.9% | ||
| Q3 24 | 7.3% | 7.0% | ||
| Q2 24 | 5.3% | 7.1% | ||
| Q1 24 | 5.9% | 7.3% |
| Q4 25 | — | 2.88× | ||
| Q3 25 | 1.29× | 1.51× | ||
| Q2 25 | — | 1.91× | ||
| Q1 25 | 0.29× | 0.53× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | 4.71× | 1.28× | ||
| Q2 24 | 21.17× | 1.14× | ||
| Q1 24 | 0.45× | 0.19× |
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% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
