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AdvanSix Inc.（ASIX）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
SUBURBAN PROPANE PARTNERS LP的季度营收约是AdvanSix Inc.的1.0倍（$370.4M vs $359.9M），SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs -0.8%，领先13.1%），AdvanSix Inc.同比增速更快（9.4% vs -0.8%），AdvanSix Inc.自由现金流更多（$36.1M vs $-67.5M），过去两年AdvanSix Inc.的营收复合增速更高（3.4% vs -13.8%）
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。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
ASIX vs SPH — 直观对比
营收规模更大
SPH
是对方的1.0倍
$359.9M
营收增速更快
ASIX
高出10.2%
-0.8%
净利率更高
SPH
高出13.1%
-0.8%
自由现金流更多
ASIX
多$103.6M
$-67.5M
两年增速更快
ASIX
近两年复合增速
-13.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $359.9M | $370.4M |
| 净利润 | $-2.8M | $45.8M |
| 毛利率 | 7.6% | 64.7% |
| 营业利润率 | -0.7% | 18.3% |
| 净利率 | -0.8% | 12.4% |
| 营收同比 | 9.4% | -0.8% |
| 净利润同比 | -892.9% | 135.7% |
| 每股收益（稀释后） | $-0.11 | $0.69 |
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ASIXSPH
| Q4 25 | $359.9M | $370.4M | ||
| Q3 25 | $374.5M | $211.4M | ||
| Q2 25 | $410.0M | $260.1M | ||
| Q1 25 | $377.8M | $587.7M | ||
| Q4 24 | $329.1M | $373.3M | ||
| Q3 24 | $398.2M | $208.6M | ||
| Q2 24 | $453.5M | $254.6M | ||
| Q1 24 | $336.8M | $498.1M |
净利润ASIXSPH
| Q4 25 | $-2.8M | $45.8M | ||
| Q3 25 | $-2.6M | $-35.1M | ||
| Q2 25 | $31.4M | $-14.8M | ||
| Q1 25 | $23.3M | $137.1M | ||
| Q4 24 | $352.0K | $19.4M | ||
| Q3 24 | $22.3M | $-44.6M | ||
| Q2 24 | $38.9M | $-17.2M | ||
| Q1 24 | $-17.4M | $111.5M |
毛利率ASIXSPH
| Q4 25 | 7.6% | 64.7% | ||
| Q3 25 | 6.8% | 64.7% | ||
| Q2 25 | 14.3% | 61.7% | ||
| Q1 25 | 14.2% | 58.8% | ||
| Q4 24 | 3.4% | 60.6% | ||
| Q3 24 | 14.4% | 59.4% | ||
| Q2 24 | 17.9% | 62.9% | ||
| Q1 24 | 0.9% | 61.8% |
营业利润率ASIXSPH
| Q4 25 | -0.7% | 18.3% | ||
| Q3 25 | -0.9% | -7.9% | ||
| Q2 25 | 7.7% | 2.1% | ||
| Q1 25 | 7.7% | 27.0% | ||
| Q4 24 | -3.9% | 15.8% | ||
| Q3 24 | 7.5% | -10.8% | ||
| Q2 24 | 11.5% | 3.2% | ||
| Q1 24 | -7.0% | 27.5% |
净利率ASIXSPH
| Q4 25 | -0.8% | 12.4% | ||
| Q3 25 | -0.7% | -16.6% | ||
| Q2 25 | 7.7% | -5.7% | ||
| Q1 25 | 6.2% | 23.3% | ||
| Q4 24 | 0.1% | 5.2% | ||
| Q3 24 | 5.6% | -21.4% | ||
| Q2 24 | 8.6% | -6.8% | ||
| Q1 24 | -5.2% | 22.4% |
每股收益（稀释后）ASIXSPH
| Q4 25 | $-0.11 | $0.69 | ||
| Q3 25 | $-0.10 | $-0.55 | ||
| Q2 25 | $1.15 | $-0.23 | ||
| Q1 25 | $0.86 | $2.10 | ||
| Q4 24 | $0.02 | $0.30 | ||
| Q3 24 | $0.82 | $-0.69 | ||
| Q2 24 | $1.43 | $-0.27 | ||
| Q1 24 | $-0.65 | $1.72 |
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 | $1.3M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $815.2M | — |
| 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ASIXSPH
| Q4 25 | $19.8M | $1.3M | ||
| Q3 25 | $23.7M | $405.0K | ||
| Q2 25 | $18.4M | $1.3M | ||
| Q1 25 | $8.3M | $3.9M | ||
| Q4 24 | $19.6M | $4.4M | ||
| Q3 24 | $17.3M | $3.2M | ||
| Q2 24 | $12.1M | $4.9M | ||
| Q1 24 | $20.6M | $4.4M |
总债务ASIXSPH
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益ASIXSPH
| Q4 25 | $815.2M | — | ||
| Q3 25 | $818.2M | — | ||
| Q2 25 | $823.7M | — | ||
| Q1 25 | $794.4M | — | ||
| Q4 24 | $774.6M | — | ||
| Q3 24 | $766.4M | — | ||
| Q2 24 | $746.6M | — | ||
| Q1 24 | $713.2M | — |
总资产ASIXSPH
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.6B | $2.3B | ||
| Q1 25 | $1.6B | $2.4B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.5B | $2.3B | ||
| Q1 24 | $1.5B | $2.3B |
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 | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $36.1M | $-67.5M |
| 自由现金流率自由现金流/营收 | 10.0% | -18.2% |
| 资本支出强度资本支出/营收 | 7.7% | 5.3% |
| 现金转化率经营现金流/净利润 | — | -1.04× |
| 过去12个月自由现金流最近4个季度 | $6.4M | $61.9M |
8季度趋势，按日历期对齐
经营现金流ASIXSPH
| Q4 25 | $63.7M | $-47.7M | ||
| Q3 25 | $26.6M | $41.8M | ||
| Q2 25 | $21.1M | $95.5M | ||
| Q1 25 | $11.4M | $40.1M | ||
| Q4 24 | $64.2M | $8.8M | ||
| Q3 24 | $57.3M | $36.8M | ||
| Q2 24 | $50.2M | $61.4M | ||
| Q1 24 | $-36.2M | $75.1M |
自由现金流ASIXSPH
| Q4 25 | $36.1M | $-67.5M | ||
| Q3 25 | $66.0K | $27.7M | ||
| Q2 25 | $-7.2M | $80.9M | ||
| Q1 25 | $-22.6M | $20.8M | ||
| Q4 24 | $29.8M | $-15.1M | ||
| Q3 24 | $26.8M | $17.7M | ||
| Q2 24 | $16.7M | $46.8M | ||
| Q1 24 | $-71.6M | $60.6M |
自由现金流率ASIXSPH
| Q4 25 | 10.0% | -18.2% | ||
| Q3 25 | 0.0% | 13.1% | ||
| Q2 25 | -1.7% | 31.1% | ||
| Q1 25 | -6.0% | 3.5% | ||
| Q4 24 | 9.1% | -4.0% | ||
| Q3 24 | 6.7% | 8.5% | ||
| Q2 24 | 3.7% | 18.4% | ||
| Q1 24 | -21.3% | 12.2% |
资本支出强度ASIXSPH
| Q4 25 | 7.7% | 5.3% | ||
| Q3 25 | 7.1% | 6.7% | ||
| Q2 25 | 6.9% | 5.6% | ||
| Q1 25 | 9.0% | 3.3% | ||
| Q4 24 | 10.4% | 6.4% | ||
| Q3 24 | 7.7% | 9.1% | ||
| Q2 24 | 7.4% | 5.8% | ||
| Q1 24 | 10.5% | 2.9% |
现金转化率ASIXSPH
| Q4 25 | — | -1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.49× | 0.29× | ||
| Q4 24 | 182.29× | 0.45× | ||
| Q3 24 | 2.57× | — | ||
| Q2 24 | 1.29× | — | ||
| Q1 24 | — | 0.67× |
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% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
