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AdvanSix Inc.（ASIX）与IPG PHOTONICS CORP（IPGP）财务数据对比。点击上方公司名可切换其他公司
AdvanSix Inc.的季度营收约是IPG PHOTONICS CORP的1.3倍（$359.9M vs $274.5M），IPG PHOTONICS CORP净利率更高（4.8% vs -0.8%，领先5.6%），IPG PHOTONICS CORP同比增速更快（17.1% vs 9.4%），AdvanSix Inc.自由现金流更多（$36.1M vs $10.9M），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% vs 3.4%）
AdvanSix Inc.是一家美国化工企业，主营尼龙6以及己内酰胺、硫酸铵肥料等相关化工产品。该公司原为霍尼韦尔旗下树脂与化工事业部，于2016年分拆独立，2019年预估营收达14亿美元，其企业历史可追溯至1884年在宾夕法尼亚州法兰克福成立的H. W. Jayne公司。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
ASIX vs IPGP — 直观对比
营收规模更大
ASIX
是对方的1.3倍
$274.5M
营收增速更快
IPGP
高出7.7%
9.4%
净利率更高
IPGP
高出5.6%
-0.8%
自由现金流更多
ASIX
多$25.2M
$10.9M
两年增速更快
IPGP
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $359.9M | $274.5M |
| 净利润 | $-2.8M | $13.3M |
| 毛利率 | 7.6% | 36.1% |
| 营业利润率 | -0.7% | 1.2% |
| 净利率 | -0.8% | 4.8% |
| 营收同比 | 9.4% | 17.1% |
| 净利润同比 | -892.9% | 69.8% |
| 每股收益（稀释后） | $-0.11 | $0.30 |
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ASIXIPGP
| Q4 25 | $359.9M | $274.5M | ||
| Q3 25 | $374.5M | $250.8M | ||
| Q2 25 | $410.0M | $250.7M | ||
| Q1 25 | $377.8M | $227.8M | ||
| Q4 24 | $329.1M | $234.3M | ||
| Q3 24 | $398.2M | $233.1M | ||
| Q2 24 | $453.5M | $257.6M | ||
| Q1 24 | $336.8M | $252.0M |
净利润ASIXIPGP
| Q4 25 | $-2.8M | $13.3M | ||
| Q3 25 | $-2.6M | $7.5M | ||
| Q2 25 | $31.4M | $6.6M | ||
| Q1 25 | $23.3M | $3.8M | ||
| Q4 24 | $352.0K | $7.8M | ||
| Q3 24 | $22.3M | $-233.6M | ||
| Q2 24 | $38.9M | $20.2M | ||
| Q1 24 | $-17.4M | $24.1M |
毛利率ASIXIPGP
| Q4 25 | 7.6% | 36.1% | ||
| Q3 25 | 6.8% | 39.5% | ||
| Q2 25 | 14.3% | 37.3% | ||
| Q1 25 | 14.2% | 39.4% | ||
| Q4 24 | 3.4% | 38.6% | ||
| Q3 24 | 14.4% | 23.2% | ||
| Q2 24 | 17.9% | 37.3% | ||
| Q1 24 | 0.9% | 38.7% |
营业利润率ASIXIPGP
| Q4 25 | -0.7% | 1.2% | ||
| Q3 25 | -0.9% | 3.1% | ||
| Q2 25 | 7.7% | 0.0% | ||
| Q1 25 | 7.7% | 0.8% | ||
| Q4 24 | -3.9% | 6.0% | ||
| Q3 24 | 7.5% | -108.7% | ||
| Q2 24 | 11.5% | 4.7% | ||
| Q1 24 | -7.0% | 7.6% |
净利率ASIXIPGP
| Q4 25 | -0.8% | 4.8% | ||
| Q3 25 | -0.7% | 3.0% | ||
| Q2 25 | 7.7% | 2.6% | ||
| Q1 25 | 6.2% | 1.6% | ||
| Q4 24 | 0.1% | 3.3% | ||
| Q3 24 | 5.6% | -100.2% | ||
| Q2 24 | 8.6% | 7.8% | ||
| Q1 24 | -5.2% | 9.6% |
每股收益（稀释后）ASIXIPGP
| Q4 25 | $-0.11 | $0.30 | ||
| Q3 25 | $-0.10 | $0.18 | ||
| Q2 25 | $1.15 | $0.16 | ||
| Q1 25 | $0.86 | $0.09 | ||
| Q4 24 | $0.02 | $0.27 | ||
| Q3 24 | $0.82 | $-5.33 | ||
| Q2 24 | $1.43 | $0.45 | ||
| Q1 24 | $-0.65 | $0.52 |
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 | $19.8M | $839.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $815.2M | $2.1B |
| 总资产 | $1.7B | $2.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASIXIPGP
| Q4 25 | $19.8M | $839.3M | ||
| Q3 25 | $23.7M | $870.4M | ||
| Q2 25 | $18.4M | $899.6M | ||
| Q1 25 | $8.3M | $926.9M | ||
| Q4 24 | $19.6M | $930.2M | ||
| Q3 24 | $17.3M | $1.0B | ||
| Q2 24 | $12.1M | $1.1B | ||
| Q1 24 | $20.6M | $1.1B |
股东权益ASIXIPGP
| Q4 25 | $815.2M | $2.1B | ||
| Q3 25 | $818.2M | $2.1B | ||
| Q2 25 | $823.7M | $2.1B | ||
| Q1 25 | $794.4M | $2.1B | ||
| Q4 24 | $774.6M | $2.0B | ||
| Q3 24 | $766.4M | $2.1B | ||
| Q2 24 | $746.6M | $2.3B | ||
| Q1 24 | $713.2M | $2.3B |
总资产ASIXIPGP
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.7B | $2.4B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.6B | $2.3B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.5B | $2.4B | ||
| Q2 24 | $1.5B | $2.5B | ||
| Q1 24 | $1.5B | $2.6B |
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 | $63.7M | $28.8M |
| 自由现金流经营现金流 - 资本支出 | $36.1M | $10.9M |
| 自由现金流率自由现金流/营收 | 10.0% | 4.0% |
| 资本支出强度资本支出/营收 | 7.7% | 6.5% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | $6.4M | $-3.5M |
8季度趋势，按日历期对齐
经营现金流ASIXIPGP
| Q4 25 | $63.7M | $28.8M | ||
| Q3 25 | $26.6M | $35.3M | ||
| Q2 25 | $21.1M | $-2.2M | ||
| Q1 25 | $11.4M | $13.4M | ||
| Q4 24 | $64.2M | $73.8M | ||
| Q3 24 | $57.3M | $66.1M | ||
| Q2 24 | $50.2M | $53.5M | ||
| Q1 24 | $-36.2M | $54.6M |
自由现金流ASIXIPGP
| Q4 25 | $36.1M | $10.9M | ||
| Q3 25 | $66.0K | $14.6M | ||
| Q2 25 | $-7.2M | $-17.6M | ||
| Q1 25 | $-22.6M | $-11.4M | ||
| Q4 24 | $29.8M | $50.6M | ||
| Q3 24 | $26.8M | $43.0M | ||
| Q2 24 | $16.7M | $29.2M | ||
| Q1 24 | $-71.6M | $26.5M |
自由现金流率ASIXIPGP
| Q4 25 | 10.0% | 4.0% | ||
| Q3 25 | 0.0% | 5.8% | ||
| Q2 25 | -1.7% | -7.0% | ||
| Q1 25 | -6.0% | -5.0% | ||
| Q4 24 | 9.1% | 21.6% | ||
| Q3 24 | 6.7% | 18.4% | ||
| Q2 24 | 3.7% | 11.3% | ||
| Q1 24 | -21.3% | 10.5% |
资本支出强度ASIXIPGP
| Q4 25 | 7.7% | 6.5% | ||
| Q3 25 | 7.1% | 8.3% | ||
| Q2 25 | 6.9% | 6.1% | ||
| Q1 25 | 9.0% | 10.9% | ||
| Q4 24 | 10.4% | 9.9% | ||
| Q3 24 | 7.7% | 9.9% | ||
| Q2 24 | 7.4% | 9.4% | ||
| Q1 24 | 10.5% | 11.1% |
现金转化率ASIXIPGP
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | 0.67× | -0.34× | ||
| Q1 25 | 0.49× | 3.58× | ||
| Q4 24 | 182.29× | 9.44× | ||
| Q3 24 | 2.57× | — | ||
| Q2 24 | 1.29× | 2.65× | ||
| Q1 24 | — | 2.27× |
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
ASIX
| Plant Nutrients | $140.0M | 39% |
| Chemical Intermediates | $92.8M | 26% |
| Caprolactam | $64.4M | 18% |
| Nylon Resins | $62.8M | 17% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
