vs
AdvanSix Inc.（ASIX）与PLUG POWER INC（PLUG）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PLUG POWER INC的1.6倍（$359.9M vs $225.2M），AdvanSix Inc.净利率更高（-0.8% vs -375.6%，领先374.8%），PLUG POWER INC同比增速更快（17.6% vs 9.4%），AdvanSix Inc.自由现金流更多（$36.1M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% 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。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
ASIX vs PLUG — 直观对比
营收规模更大
ASIX
是对方的1.6倍
$225.2M
营收增速更快
PLUG
高出8.2%
9.4%
净利率更高
ASIX
高出374.8%
-375.6%
自由现金流更多
ASIX
多$189.2M
$-153.0M
两年增速更快
PLUG
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $359.9M | $225.2M |
| 净利润 | $-2.8M | $-846.0M |
| 毛利率 | 7.6% | 2.4% |
| 营业利润率 | -0.7% | -338.9% |
| 净利率 | -0.8% | -375.6% |
| 营收同比 | 9.4% | 17.6% |
| 净利润同比 | -892.9% | 36.7% |
| 每股收益（稀释后） | $-0.11 | $-0.70 |
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ASIXPLUG
| Q4 25 | $359.9M | $225.2M | ||
| Q3 25 | $374.5M | $177.1M | ||
| Q2 25 | $410.0M | $174.0M | ||
| Q1 25 | $377.8M | $133.7M | ||
| Q4 24 | $329.1M | $191.5M | ||
| Q3 24 | $398.2M | $173.7M | ||
| Q2 24 | $453.5M | $143.3M | ||
| Q1 24 | $336.8M | $120.3M |
净利润ASIXPLUG
| Q4 25 | $-2.8M | $-846.0M | ||
| Q3 25 | $-2.6M | $-361.9M | ||
| Q2 25 | $31.4M | $-227.1M | ||
| Q1 25 | $23.3M | $-196.7M | ||
| Q4 24 | $352.0K | $-1.3B | ||
| Q3 24 | $22.3M | $-211.2M | ||
| Q2 24 | $38.9M | $-262.3M | ||
| Q1 24 | $-17.4M | $-295.8M |
毛利率ASIXPLUG
| Q4 25 | 7.6% | 2.4% | ||
| Q3 25 | 6.8% | -67.9% | ||
| Q2 25 | 14.3% | -30.7% | ||
| Q1 25 | 14.2% | -55.3% | ||
| Q4 24 | 3.4% | -122.5% | ||
| Q3 24 | 14.4% | -57.6% | ||
| Q2 24 | 17.9% | -91.6% | ||
| Q1 24 | 0.9% | -132.3% |
营业利润率ASIXPLUG
| Q4 25 | -0.7% | -338.9% | ||
| Q3 25 | -0.9% | -197.0% | ||
| Q2 25 | 7.7% | -101.7% | ||
| Q1 25 | 7.7% | -133.5% | ||
| Q4 24 | -3.9% | -678.7% | ||
| Q3 24 | 7.5% | -124.4% | ||
| Q2 24 | 11.5% | -170.7% | ||
| Q1 24 | -7.0% | -215.7% |
净利率ASIXPLUG
| Q4 25 | -0.8% | -375.6% | ||
| Q3 25 | -0.7% | -204.4% | ||
| Q2 25 | 7.7% | -130.5% | ||
| Q1 25 | 6.2% | -147.1% | ||
| Q4 24 | 0.1% | -697.5% | ||
| Q3 24 | 5.6% | -121.5% | ||
| Q2 24 | 8.6% | -183.0% | ||
| Q1 24 | -5.2% | -245.9% |
每股收益（稀释后）ASIXPLUG
| Q4 25 | $-0.11 | $-0.70 | ||
| Q3 25 | $-0.10 | $-0.31 | ||
| Q2 25 | $1.15 | $-0.20 | ||
| Q1 25 | $0.86 | $-0.21 | ||
| Q4 24 | $0.02 | $-1.61 | ||
| Q3 24 | $0.82 | $-0.25 | ||
| Q2 24 | $1.43 | $-0.36 | ||
| Q1 24 | $-0.65 | $-0.46 |
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 | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $815.2M | $978.1M |
| 总资产 | $1.7B | $2.6B |
| 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ASIXPLUG
| Q4 25 | $19.8M | $368.5M | ||
| Q3 25 | $23.7M | $165.9M | ||
| Q2 25 | $18.4M | $140.7M | ||
| Q1 25 | $8.3M | $295.8M | ||
| Q4 24 | $19.6M | $205.7M | ||
| Q3 24 | $17.3M | $93.9M | ||
| Q2 24 | $12.1M | $62.4M | ||
| Q1 24 | $20.6M | $172.9M |
总债务ASIXPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益ASIXPLUG
| Q4 25 | $815.2M | $978.1M | ||
| Q3 25 | $818.2M | $1.4B | ||
| Q2 25 | $823.7M | $1.7B | ||
| Q1 25 | $794.4M | $1.9B | ||
| Q4 24 | $774.6M | $1.7B | ||
| Q3 24 | $766.4M | $3.0B | ||
| Q2 24 | $746.6M | $3.0B | ||
| Q1 24 | $713.2M | $2.9B |
总资产ASIXPLUG
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.7B | $3.1B | ||
| Q2 25 | $1.6B | $3.4B | ||
| Q1 25 | $1.6B | $3.6B | ||
| Q4 24 | $1.6B | $3.6B | ||
| Q3 24 | $1.5B | $4.7B | ||
| Q2 24 | $1.5B | $4.8B | ||
| Q1 24 | $1.5B | $4.8B |
负债/权益比ASIXPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 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 | $63.7M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $36.1M | $-153.0M |
| 自由现金流率自由现金流/营收 | 10.0% | -67.9% |
| 资本支出强度资本支出/营收 | 7.7% | 1.9% |
| 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 | $6.4M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流ASIXPLUG
| Q4 25 | $63.7M | $-148.6M | ||
| Q3 25 | $26.6M | $-89.8M | ||
| Q2 25 | $21.1M | $-191.8M | ||
| Q1 25 | $11.4M | $-105.6M | ||
| Q4 24 | $64.2M | $-131.2M | ||
| Q3 24 | $57.3M | $-174.9M | ||
| Q2 24 | $50.2M | $-254.7M | ||
| Q1 24 | $-36.2M | $-167.7M |
自由现金流ASIXPLUG
| Q4 25 | $36.1M | $-153.0M | ||
| Q3 25 | $66.0K | $-117.5M | ||
| Q2 25 | $-7.2M | $-230.4M | ||
| Q1 25 | $-22.6M | $-146.0M | ||
| Q4 24 | $29.8M | $-165.2M | ||
| Q3 24 | $26.8M | $-234.2M | ||
| Q2 24 | $16.7M | $-356.0M | ||
| Q1 24 | $-71.6M | $-260.3M |
自由现金流率ASIXPLUG
| Q4 25 | 10.0% | -67.9% | ||
| Q3 25 | 0.0% | -66.4% | ||
| Q2 25 | -1.7% | -132.5% | ||
| Q1 25 | -6.0% | -109.2% | ||
| Q4 24 | 9.1% | -86.3% | ||
| Q3 24 | 6.7% | -134.8% | ||
| Q2 24 | 3.7% | -248.4% | ||
| Q1 24 | -21.3% | -216.5% |
资本支出强度ASIXPLUG
| Q4 25 | 7.7% | 1.9% | ||
| Q3 25 | 7.1% | 15.6% | ||
| Q2 25 | 6.9% | 22.2% | ||
| Q1 25 | 9.0% | 30.3% | ||
| Q4 24 | 10.4% | 17.7% | ||
| Q3 24 | 7.7% | 34.1% | ||
| Q2 24 | 7.4% | 70.7% | ||
| Q1 24 | 10.5% | 77.0% |
现金转化率ASIXPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 182.29× | — | ||
| Q3 24 | 2.57× | — | ||
| Q2 24 | 1.29× | — | ||
| Q1 24 | — | — |
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% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
