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Cadre Holdings, Inc.（CDRE）与Ecovyst Inc.（ECVT）财务数据对比。点击上方公司名可切换其他公司
Ecovyst Inc.的季度营收约是Cadre Holdings, Inc.的1.2倍（$199.4M vs $167.2M），Ecovyst Inc.同比增速更快（34.0% vs -5.0%），Ecovyst Inc.自由现金流更多（$22.9M vs $18.0M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 10.1%）
Cadre Holdings, Inc.是美国金融科技企业，面向个人及机构客户提供房地产投资项目直投渠道，覆盖纽约等地的商业地产。公司打造的投资平台支持投资者自主选择参与的具体交易项目，且投资门槛远低于全额收购物业所需资金，让不动产投资变得更接近股票交易，获得财经媒体的广泛认可。
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
CDRE vs ECVT — 直观对比
营收规模更大
ECVT
是对方的1.2倍
$167.2M
营收增速更快
ECVT
高出38.9%
-5.0%
自由现金流更多
ECVT
多$5.0M
$18.0M
两年增速更快
ECVT
近两年复合增速
10.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $167.2M | $199.4M |
| 净利润 | $11.7M | — |
| 毛利率 | 43.4% | 23.4% |
| 营业利润率 | 12.2% | 10.9% |
| 净利率 | 7.0% | — |
| 营收同比 | -5.0% | 34.0% |
| 净利润同比 | -9.6% | — |
| 每股收益（稀释后） | $0.22 | $0.06 |
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CDREECVT
| Q4 25 | $167.2M | $199.4M | ||
| Q3 25 | $155.9M | $204.9M | ||
| Q2 25 | $157.1M | $176.1M | ||
| Q1 25 | $130.1M | $143.1M | ||
| Q4 24 | $176.0M | $148.9M | ||
| Q3 24 | $109.4M | $153.9M | ||
| Q2 24 | $144.3M | $154.0M | ||
| Q1 24 | $137.9M | $141.6M |
净利润CDREECVT
| Q4 25 | $11.7M | — | ||
| Q3 25 | $10.9M | $-79.3M | ||
| Q2 25 | $12.2M | $6.0M | ||
| Q1 25 | $9.2M | $-3.6M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $3.7M | $14.3M | ||
| Q2 24 | $12.6M | $8.3M | ||
| Q1 24 | $6.9M | $1.2M |
毛利率CDREECVT
| Q4 25 | 43.4% | 23.4% | ||
| Q3 25 | 42.7% | 25.4% | ||
| Q2 25 | 40.9% | 22.8% | ||
| Q1 25 | 43.1% | 13.3% | ||
| Q4 24 | 43.9% | 28.9% | ||
| Q3 24 | 36.6% | 29.3% | ||
| Q2 24 | 40.6% | 27.3% | ||
| Q1 24 | 41.8% | 23.5% |
营业利润率CDREECVT
| Q4 25 | 12.2% | 10.9% | ||
| Q3 25 | 12.0% | 13.8% | ||
| Q2 25 | 9.3% | 9.0% | ||
| Q1 25 | 10.4% | -0.7% | ||
| Q4 24 | 16.7% | 15.1% | ||
| Q3 24 | 5.0% | 17.9% | ||
| Q2 24 | 13.8% | 14.1% | ||
| Q1 24 | 8.7% | 9.5% |
净利率CDREECVT
| Q4 25 | 7.0% | — | ||
| Q3 25 | 7.0% | -38.7% | ||
| Q2 25 | 7.8% | 3.4% | ||
| Q1 25 | 7.1% | -2.5% | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 3.3% | 9.3% | ||
| Q2 24 | 8.7% | 5.4% | ||
| Q1 24 | 5.0% | 0.9% |
每股收益（稀释后）CDREECVT
| Q4 25 | $0.22 | $0.06 | ||
| Q3 25 | $0.27 | $-0.69 | ||
| Q2 25 | $0.30 | $0.05 | ||
| Q1 25 | $0.23 | $-0.03 | ||
| Q4 24 | $0.32 | $-0.26 | ||
| Q3 24 | $0.09 | $0.12 | ||
| Q2 24 | $0.31 | $0.07 | ||
| Q1 24 | $0.18 | $0.01 |
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 | $122.9M | $197.2M |
| 总债务越低越好 | — | $392.6M |
| 股东权益账面价值 | $317.8M | $603.4M |
| 总资产 | $770.0M | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资CDREECVT
| Q4 25 | $122.9M | $197.2M | ||
| Q3 25 | $150.9M | $82.0M | ||
| Q2 25 | $137.5M | $69.6M | ||
| Q1 25 | $133.4M | $127.5M | ||
| Q4 24 | $124.9M | $131.4M | ||
| Q3 24 | $93.0M | $123.5M | ||
| Q2 24 | $105.9M | $83.3M | ||
| Q1 24 | $87.1M | $103.1M |
总债务CDREECVT
| Q4 25 | — | $392.6M | ||
| Q3 25 | — | $854.8M | ||
| Q2 25 | — | $856.6M | ||
| Q1 25 | — | $859.0M | ||
| Q4 24 | — | $860.8M | ||
| Q3 24 | — | $862.7M | ||
| Q2 24 | — | $862.4M | ||
| Q1 24 | — | $866.2M |
股东权益CDREECVT
| Q4 25 | $317.8M | $603.4M | ||
| Q3 25 | $340.4M | $607.9M | ||
| Q2 25 | $332.5M | $692.4M | ||
| Q1 25 | $317.6M | $698.7M | ||
| Q4 24 | $311.5M | $700.5M | ||
| Q3 24 | $300.3M | $729.4M | ||
| Q2 24 | $299.4M | $717.3M | ||
| Q1 24 | $270.7M | $711.4M |
总资产CDREECVT
| Q4 25 | $770.0M | $1.3B | ||
| Q3 25 | $792.1M | $1.7B | ||
| Q2 25 | $794.4M | $1.8B | ||
| Q1 25 | $656.3M | $1.8B | ||
| Q4 24 | $652.7M | $1.8B | ||
| Q3 24 | $616.6M | $1.8B | ||
| Q2 24 | $620.6M | $1.8B | ||
| Q1 24 | $599.4M | $1.8B |
负债/权益比CDREECVT
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 1.22× |
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 | $21.3M | $41.8M |
| 自由现金流经营现金流 - 资本支出 | $18.0M | $22.9M |
| 自由现金流率自由现金流/营收 | 10.7% | 11.5% |
| 资本支出强度资本支出/营收 | 2.0% | 9.4% |
| 现金转化率经营现金流/净利润 | 1.81× | — |
| 过去12个月自由现金流最近4个季度 | $56.8M | $69.9M |
8季度趋势，按日历期对齐
经营现金流CDREECVT
| Q4 25 | $21.3M | $41.8M | ||
| Q3 25 | $22.5M | $55.3M | ||
| Q2 25 | $2.6M | $33.0M | ||
| Q1 25 | $17.4M | $10.3M | ||
| Q4 24 | $23.7M | $43.5M | ||
| Q3 24 | $-5.2M | $59.9M | ||
| Q2 24 | $11.1M | $10.0M | ||
| Q1 24 | $2.1M | $36.5M |
自由现金流CDREECVT
| Q4 25 | $18.0M | $22.9M | ||
| Q3 25 | $21.6M | $53.2M | ||
| Q2 25 | $1.2M | $7.8M | ||
| Q1 25 | $16.1M | $-14.0M | ||
| Q4 24 | $22.4M | $30.9M | ||
| Q3 24 | $-6.2M | $53.6M | ||
| Q2 24 | $9.1M | $-9.3M | ||
| Q1 24 | $794.0K | $19.1M |
自由现金流率CDREECVT
| Q4 25 | 10.7% | 11.5% | ||
| Q3 25 | 13.9% | 26.0% | ||
| Q2 25 | 0.7% | 4.4% | ||
| Q1 25 | 12.4% | -9.8% | ||
| Q4 24 | 12.7% | 20.7% | ||
| Q3 24 | -5.7% | 34.9% | ||
| Q2 24 | 6.3% | -6.1% | ||
| Q1 24 | 0.6% | 13.5% |
资本支出强度CDREECVT
| Q4 25 | 2.0% | 9.4% | ||
| Q3 25 | 0.5% | 1.0% | ||
| Q2 25 | 0.9% | 14.4% | ||
| Q1 25 | 1.0% | 16.9% | ||
| Q4 24 | 0.7% | 8.5% | ||
| Q3 24 | 0.9% | 4.1% | ||
| Q2 24 | 1.4% | 12.5% | ||
| Q1 24 | 1.0% | 12.3% |
现金转化率CDREECVT
| Q4 25 | 1.81× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 0.21× | 5.52× | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | -1.43× | 4.21× | ||
| Q2 24 | 0.89× | 1.20× | ||
| Q1 24 | 0.31× | 29.90× |
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
CDRE
| U.s.state And Local Agencies | $72.7M | 43% |
| Other | $48.6M | 29% |
| U.s.Federal Agencies | $31.6M | 19% |
| Commercial | $12.0M | 7% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
