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AdvanSix Inc.（ASIX）与盛思阳（TSE）财务数据对比。点击上方公司名可切换其他公司
盛思阳的季度营收约是AdvanSix Inc.的1.8倍（$662.6M vs $359.9M）。AdvanSix Inc.净利率更高（-0.8% vs -37.9%，领先37.2%）。AdvanSix Inc.同比增速更快（9.4% vs -19.3%）。AdvanSix Inc.自由现金流更多（$36.1M vs $6.6M）。过去两年AdvanSix Inc.的营收复合增速更高（3.4% vs -14.4%）
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。
盛思阳（Trinseo）是一家专注于塑料与乳胶粘合剂生产的材料企业。该公司原隶属于陶氏化学公司，2009年陶氏将其分拆待售，2010年相关资产以斯泰隆（Styron）之名作价16.3亿美元出售给贝恩资本。2016年贝恩清仓全部持股， Trinseo自此成为完全独立的公众上市公司。
ASIX vs TSE — 直观对比
营收规模更大
TSE
是对方的1.8倍
$359.9M
营收增速更快
ASIX
高出28.7%
-19.3%
净利率更高
ASIX
高出37.2%
-37.9%
自由现金流更多
ASIX
多$29.5M
$6.6M
两年增速更快
ASIX
近两年复合增速
-14.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $359.9M | $662.6M |
| 净利润 | $-2.8M | $-251.4M |
| 毛利率 | 7.6% | 4.2% |
| 营业利润率 | -0.7% | -24.7% |
| 净利率 | -0.8% | -37.9% |
| 营收同比 | 9.4% | -19.3% |
| 净利润同比 | -892.9% | -113.2% |
| 每股收益（稀释后） | $-0.11 | $-7.02 |
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ASIXTSE
| Q4 25 | $359.9M | $662.6M | ||
| Q3 25 | $374.5M | $743.2M | ||
| Q2 25 | $410.0M | $784.3M | ||
| Q1 25 | $377.8M | $784.8M | ||
| Q4 24 | $329.1M | $821.5M | ||
| Q3 24 | $398.2M | $867.7M | ||
| Q2 24 | $453.5M | $920.0M | ||
| Q1 24 | $336.8M | $904.0M |
净利润ASIXTSE
| Q4 25 | $-2.8M | $-251.4M | ||
| Q3 25 | $-2.6M | $-109.7M | ||
| Q2 25 | $31.4M | $-105.5M | ||
| Q1 25 | $23.3M | $-79.0M | ||
| Q4 24 | $352.0K | $-117.9M | ||
| Q3 24 | $22.3M | $-87.3M | ||
| Q2 24 | $38.9M | $-67.8M | ||
| Q1 24 | $-17.4M | $-75.5M |
毛利率ASIXTSE
| Q4 25 | 7.6% | 4.2% | ||
| Q3 25 | 6.8% | 5.0% | ||
| Q2 25 | 14.3% | 4.7% | ||
| Q1 25 | 14.2% | 8.1% | ||
| Q4 24 | 3.4% | 6.8% | ||
| Q3 24 | 14.4% | 9.3% | ||
| Q2 24 | 17.9% | 7.4% | ||
| Q1 24 | 0.9% | 6.7% |
营业利润率ASIXTSE
| Q4 25 | -0.7% | -24.7% | ||
| Q3 25 | -0.9% | -3.8% | ||
| Q2 25 | 7.7% | -4.2% | ||
| Q1 25 | 7.7% | -3.7% | ||
| Q4 24 | -3.9% | -5.4% | ||
| Q3 24 | 7.5% | -1.4% | ||
| Q2 24 | 11.5% | 1.5% | ||
| Q1 24 | -7.0% | -0.4% |
净利率ASIXTSE
| Q4 25 | -0.8% | -37.9% | ||
| Q3 25 | -0.7% | -14.8% | ||
| Q2 25 | 7.7% | -13.5% | ||
| Q1 25 | 6.2% | -10.1% | ||
| Q4 24 | 0.1% | -14.4% | ||
| Q3 24 | 5.6% | -10.1% | ||
| Q2 24 | 8.6% | -7.4% | ||
| Q1 24 | -5.2% | -8.4% |
每股收益（稀释后）ASIXTSE
| Q4 25 | $-0.11 | $-7.02 | ||
| Q3 25 | $-0.10 | $-3.05 | ||
| Q2 25 | $1.15 | $-2.95 | ||
| Q1 25 | $0.86 | $-2.22 | ||
| Q4 24 | $0.02 | $-3.33 | ||
| Q3 24 | $0.82 | $-2.47 | ||
| Q2 24 | $1.43 | $-1.92 | ||
| Q1 24 | $-0.65 | $-2.14 |
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 | $146.7M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $815.2M | $-1.1B |
| 总资产 | $1.7B | $2.3B |
| 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ASIXTSE
| Q4 25 | $19.8M | $146.7M | ||
| Q3 25 | $23.7M | $112.1M | ||
| Q2 25 | $18.4M | $137.0M | ||
| Q1 25 | $8.3M | $126.1M | ||
| Q4 24 | $19.6M | $209.8M | ||
| Q3 24 | $17.3M | $165.3M | ||
| Q2 24 | $12.1M | $105.6M | ||
| Q1 24 | $20.6M | $166.4M |
总债务ASIXTSE
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益ASIXTSE
| Q4 25 | $815.2M | $-1.1B | ||
| Q3 25 | $818.2M | $-861.6M | ||
| Q2 25 | $823.7M | $-750.3M | ||
| Q1 25 | $794.4M | $-679.2M | ||
| Q4 24 | $774.6M | $-619.9M | ||
| Q3 24 | $766.4M | $-480.0M | ||
| Q2 24 | $746.6M | $-413.8M | ||
| Q1 24 | $713.2M | $-348.0M |
总资产ASIXTSE
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.6B | $2.6B | ||
| Q1 25 | $1.6B | $2.7B | ||
| Q4 24 | $1.6B | $2.6B | ||
| Q3 24 | $1.5B | $2.9B | ||
| Q2 24 | $1.5B | $2.8B | ||
| Q1 24 | $1.5B | $3.0B |
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 | $22.6M |
| 自由现金流经营现金流 - 资本支出 | $36.1M | $6.6M |
| 自由现金流率自由现金流/营收 | 10.0% | 1.0% |
| 资本支出强度资本支出/营收 | 7.7% | 2.4% |
| 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 | $-153.4M |
8季度趋势，按日历期对齐
经营现金流ASIXTSE
| Q4 25 | $63.7M | $22.6M | ||
| Q3 25 | $26.6M | $-21.6M | ||
| Q2 25 | $21.1M | $6.8M | ||
| Q1 25 | $11.4M | $-110.2M | ||
| Q4 24 | $64.2M | $85.1M | ||
| Q3 24 | $57.3M | $8.8M | ||
| Q2 24 | $50.2M | $-41.9M | ||
| Q1 24 | $-36.2M | $-66.2M |
自由现金流ASIXTSE
| Q4 25 | $36.1M | $6.6M | ||
| Q3 25 | $66.0K | $-38.1M | ||
| Q2 25 | $-7.2M | $-3.0M | ||
| Q1 25 | $-22.6M | $-118.9M | ||
| Q4 24 | $29.8M | $63.9M | ||
| Q3 24 | $26.8M | $-3.4M | ||
| Q2 24 | $16.7M | $-56.1M | ||
| Q1 24 | $-71.6M | $-81.9M |
自由现金流率ASIXTSE
| Q4 25 | 10.0% | 1.0% | ||
| Q3 25 | 0.0% | -5.1% | ||
| Q2 25 | -1.7% | -0.4% | ||
| Q1 25 | -6.0% | -15.2% | ||
| Q4 24 | 9.1% | 7.8% | ||
| Q3 24 | 6.7% | -0.4% | ||
| Q2 24 | 3.7% | -6.1% | ||
| Q1 24 | -21.3% | -9.1% |
资本支出强度ASIXTSE
| Q4 25 | 7.7% | 2.4% | ||
| Q3 25 | 7.1% | 2.2% | ||
| Q2 25 | 6.9% | 1.2% | ||
| Q1 25 | 9.0% | 1.1% | ||
| Q4 24 | 10.4% | 2.6% | ||
| Q3 24 | 7.7% | 1.4% | ||
| Q2 24 | 7.4% | 1.5% | ||
| Q1 24 | 10.5% | 1.7% |
现金转化率ASIXTSE
| 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% |
TSE
| Other | $325.2M | 49% |
| Asia Pacific | $142.2M | 21% |
| Engineered Materials | $105.0M | 16% |
| Latex | $59.9M | 9% |
| Polymer Solutions | $30.3M | 5% |
