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AdvanSix Inc.（ASIX）与USA Compression Partners, LP（USAC）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USA Compression Partners, LP的1.4倍（$359.9M vs $252.5M），USA Compression Partners, LP净利率更高（11.0% vs -0.8%，领先11.8%），AdvanSix Inc.同比增速更快（9.4% vs 2.7%），USA Compression Partners, LP自由现金流更多（$87.7M vs $36.1M），过去两年USA Compression Partners, LP的营收复合增速更高（4.9% 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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
ASIX vs USAC — 直观对比
营收规模更大
ASIX
是对方的1.4倍
$252.5M
营收增速更快
ASIX
高出6.7%
2.7%
净利率更高
USAC
高出11.8%
-0.8%
自由现金流更多
USAC
多$51.6M
$36.1M
两年增速更快
USAC
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $359.9M | $252.5M |
| 净利润 | $-2.8M | $27.8M |
| 毛利率 | 7.6% | — |
| 营业利润率 | -0.7% | 30.3% |
| 净利率 | -0.8% | 11.0% |
| 营收同比 | 9.4% | 2.7% |
| 净利润同比 | -892.9% | 9.1% |
| 每股收益（稀释后） | $-0.11 | — |
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ASIXUSAC
| Q4 25 | $359.9M | $252.5M | ||
| Q3 25 | $374.5M | $250.3M | ||
| Q2 25 | $410.0M | $250.1M | ||
| Q1 25 | $377.8M | $245.2M | ||
| Q4 24 | $329.1M | $245.9M | ||
| Q3 24 | $398.2M | $240.0M | ||
| Q2 24 | $453.5M | $235.3M | ||
| Q1 24 | $336.8M | $229.3M |
净利润ASIXUSAC
| Q4 25 | $-2.8M | $27.8M | ||
| Q3 25 | $-2.6M | $34.5M | ||
| Q2 25 | $31.4M | $28.6M | ||
| Q1 25 | $23.3M | $20.5M | ||
| Q4 24 | $352.0K | $25.4M | ||
| Q3 24 | $22.3M | $19.3M | ||
| Q2 24 | $38.9M | $31.2M | ||
| Q1 24 | $-17.4M | $23.6M |
毛利率ASIXUSAC
| Q4 25 | 7.6% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 17.9% | — | ||
| Q1 24 | 0.9% | — |
营业利润率ASIXUSAC
| Q4 25 | -0.7% | 30.3% | ||
| Q3 25 | -0.9% | 33.5% | ||
| Q2 25 | 7.7% | 30.6% | ||
| Q1 25 | 7.7% | 28.3% | ||
| Q4 24 | -3.9% | 30.3% | ||
| Q3 24 | 7.5% | 31.5% | ||
| Q2 24 | 11.5% | 32.9% | ||
| Q1 24 | -7.0% | 29.2% |
净利率ASIXUSAC
| Q4 25 | -0.8% | 11.0% | ||
| Q3 25 | -0.7% | 13.8% | ||
| Q2 25 | 7.7% | 11.4% | ||
| Q1 25 | 6.2% | 8.4% | ||
| Q4 24 | 0.1% | 10.3% | ||
| Q3 24 | 5.6% | 8.1% | ||
| Q2 24 | 8.6% | 13.3% | ||
| Q1 24 | -5.2% | 10.3% |
每股收益（稀释后）ASIXUSAC
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.10 | — | ||
| Q2 25 | $1.15 | — | ||
| Q1 25 | $0.86 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.82 | — | ||
| Q2 24 | $1.43 | — | ||
| Q1 24 | $-0.65 | — |
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 | $8.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $815.2M | — |
| 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ASIXUSAC
| Q4 25 | $19.8M | $8.6M | ||
| Q3 25 | $23.7M | — | ||
| Q2 25 | $18.4M | $2.0K | ||
| Q1 25 | $8.3M | $2.0K | ||
| Q4 24 | $19.6M | $14.0K | ||
| Q3 24 | $17.3M | $79.0K | ||
| Q2 24 | $12.1M | $9.0K | ||
| Q1 24 | $20.6M | $8.0K |
总债务ASIXUSAC
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.5B |
股东权益ASIXUSAC
| 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ASIXUSAC
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.6B | $2.7B | ||
| Q1 25 | $1.6B | $2.7B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.5B | $2.8B | ||
| Q2 24 | $1.5B | $2.8B | ||
| Q1 24 | $1.5B | $2.8B |
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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | $36.1M | $87.7M |
| 自由现金流率自由现金流/营收 | 10.0% | 34.8% |
| 资本支出强度资本支出/营收 | 7.7% | 20.5% |
| 现金转化率经营现金流/净利润 | — | 5.02× |
| 过去12个月自由现金流最近4个季度 | $6.4M | $277.0M |
8季度趋势，按日历期对齐
经营现金流ASIXUSAC
| Q4 25 | $63.7M | $139.5M | ||
| Q3 25 | $26.6M | $75.9M | ||
| Q2 25 | $21.1M | $124.2M | ||
| Q1 25 | $11.4M | $54.7M | ||
| Q4 24 | $64.2M | $130.2M | ||
| Q3 24 | $57.3M | $48.5M | ||
| Q2 24 | $50.2M | $96.7M | ||
| Q1 24 | $-36.2M | $65.9M |
自由现金流ASIXUSAC
| Q4 25 | $36.1M | $87.7M | ||
| Q3 25 | $66.0K | $51.9M | ||
| Q2 25 | $-7.2M | $101.1M | ||
| Q1 25 | $-22.6M | $36.3M | ||
| Q4 24 | $29.8M | $101.2M | ||
| Q3 24 | $26.8M | $19.8M | ||
| Q2 24 | $16.7M | $48.2M | ||
| Q1 24 | $-71.6M | $-32.7M |
自由现金流率ASIXUSAC
| Q4 25 | 10.0% | 34.8% | ||
| Q3 25 | 0.0% | 20.7% | ||
| Q2 25 | -1.7% | 40.4% | ||
| Q1 25 | -6.0% | 14.8% | ||
| Q4 24 | 9.1% | 41.1% | ||
| Q3 24 | 6.7% | 8.2% | ||
| Q2 24 | 3.7% | 20.5% | ||
| Q1 24 | -21.3% | -14.3% |
资本支出强度ASIXUSAC
| Q4 25 | 7.7% | 20.5% | ||
| Q3 25 | 7.1% | 9.6% | ||
| Q2 25 | 6.9% | 9.3% | ||
| Q1 25 | 9.0% | 7.5% | ||
| Q4 24 | 10.4% | 11.8% | ||
| Q3 24 | 7.7% | 12.0% | ||
| Q2 24 | 7.4% | 20.6% | ||
| Q1 24 | 10.5% | 43.0% |
现金转化率ASIXUSAC
| Q4 25 | — | 5.02× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | 0.67× | 4.35× | ||
| Q1 25 | 0.49× | 2.66× | ||
| Q4 24 | 182.29× | 5.12× | ||
| Q3 24 | 2.57× | 2.51× | ||
| Q2 24 | 1.29× | 3.10× | ||
| Q1 24 | — | 2.80× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
