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威伯科（CVGI）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.的季度营收约是威伯科的1.3倍（$199.4M vs $154.8M），Ecovyst Inc.同比增速更快（34.0% vs -5.2%），Ecovyst Inc.自由现金流更多（$22.9M vs $8.7M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs -10.8%）
威伯科控股曾是总部位于美国的重型商用车零部件供应商，主打电子制动、稳定性控制、悬挂及传动自动化系统，产品广泛应用于卡车、巴士、挂车以及非道路作业车辆等各类商用车领域，是商用车行业重要的零部件提供商。
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。
CVGI vs ECVT — 直观对比
营收规模更大
ECVT
是对方的1.3倍
$154.8M
营收增速更快
ECVT
高出39.2%
-5.2%
自由现金流更多
ECVT
多$14.2M
$8.7M
两年增速更快
ECVT
近两年复合增速
-10.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $154.8M | $199.4M |
| 净利润 | — | — |
| 毛利率 | 9.7% | 23.4% |
| 营业利润率 | -1.2% | 10.9% |
| 净利率 | — | — |
| 营收同比 | -5.2% | 34.0% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $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CVGIECVT
| Q4 25 | $154.8M | $199.4M | ||
| Q3 25 | $152.5M | $204.9M | ||
| Q2 25 | $172.0M | $176.1M | ||
| Q1 25 | $169.8M | $143.1M | ||
| Q4 24 | $163.3M | $148.9M | ||
| Q3 24 | $171.8M | $153.9M | ||
| Q2 24 | $193.7M | $154.0M | ||
| Q1 24 | $194.6M | $141.6M |
净利润CVGIECVT
| Q4 25 | — | — | ||
| Q3 25 | $-7.1M | $-79.3M | ||
| Q2 25 | $-4.8M | $6.0M | ||
| Q1 25 | $-4.3M | $-3.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | $9.5M | $14.3M | ||
| Q2 24 | $-1.6M | $8.3M | ||
| Q1 24 | $2.9M | $1.2M |
毛利率CVGIECVT
| Q4 25 | 9.7% | 23.4% | ||
| Q3 25 | 10.5% | 25.4% | ||
| Q2 25 | 11.4% | 22.8% | ||
| Q1 25 | 10.5% | 13.3% | ||
| Q4 24 | 8.0% | 28.9% | ||
| Q3 24 | 9.6% | 29.3% | ||
| Q2 24 | 10.6% | 27.3% | ||
| Q1 24 | 11.9% | 23.5% |
营业利润率CVGIECVT
| Q4 25 | -1.2% | 10.9% | ||
| Q3 25 | -0.7% | 13.8% | ||
| Q2 25 | 0.5% | 9.0% | ||
| Q1 25 | 0.8% | -0.7% | ||
| Q4 24 | -3.2% | 15.1% | ||
| Q3 24 | -0.6% | 17.9% | ||
| Q2 24 | 0.5% | 14.1% | ||
| Q1 24 | 2.3% | 9.5% |
净利率CVGIECVT
| Q4 25 | — | — | ||
| Q3 25 | -4.6% | -38.7% | ||
| Q2 25 | -2.8% | 3.4% | ||
| Q1 25 | -2.5% | -2.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.5% | 9.3% | ||
| Q2 24 | -0.8% | 5.4% | ||
| Q1 24 | 1.5% | 0.9% |
每股收益（稀释后）CVGIECVT
| Q4 25 | — | $0.06 | ||
| Q3 25 | — | $-0.69 | ||
| Q2 25 | — | $0.05 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $-0.26 | ||
| Q3 24 | — | $0.12 | ||
| Q2 24 | $-0.05 | $0.07 | ||
| Q1 24 | $0.09 | $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 | — | $197.2M |
| 总债务越低越好 | $104.9M | $392.6M |
| 股东权益账面价值 | $133.4M | $603.4M |
| 总资产 | $391.7M | $1.3B |
| 负债/权益比越低杠杆越低 | 0.79× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资CVGIECVT
| Q4 25 | — | $197.2M | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | — | $69.6M | ||
| Q1 25 | — | $127.5M | ||
| Q4 24 | — | $131.4M | ||
| Q3 24 | — | $123.5M | ||
| Q2 24 | — | $83.3M | ||
| Q1 24 | — | $103.1M |
总债务CVGIECVT
| Q4 25 | $104.9M | $392.6M | ||
| Q3 25 | $108.2M | $854.8M | ||
| Q2 25 | $118.2M | $856.6M | ||
| Q1 25 | $117.4M | $859.0M | ||
| Q4 24 | $135.5M | $860.8M | ||
| Q3 24 | $128.8M | $862.7M | ||
| Q2 24 | $142.0M | $862.4M | ||
| Q1 24 | $155.7M | $866.2M |
股东权益CVGIECVT
| Q4 25 | $133.4M | $603.4M | ||
| Q3 25 | $136.5M | $607.9M | ||
| Q2 25 | $142.6M | $692.4M | ||
| Q1 25 | $136.7M | $698.7M | ||
| Q4 24 | $135.6M | $700.5M | ||
| Q3 24 | $179.3M | $729.4M | ||
| Q2 24 | $169.6M | $717.3M | ||
| Q1 24 | $175.5M | $711.4M |
总资产CVGIECVT
| Q4 25 | $391.7M | $1.3B | ||
| Q3 25 | $400.3M | $1.7B | ||
| Q2 25 | $429.8M | $1.8B | ||
| Q1 25 | $419.8M | $1.8B | ||
| Q4 24 | $424.6M | $1.8B | ||
| Q3 24 | $495.3M | $1.8B | ||
| Q2 24 | $503.2M | $1.8B | ||
| Q1 24 | $509.2M | $1.8B |
负债/权益比CVGIECVT
| Q4 25 | 0.79× | 0.65× | ||
| Q3 25 | 0.79× | 1.41× | ||
| Q2 25 | 0.83× | 1.24× | ||
| Q1 25 | 0.86× | 1.23× | ||
| Q4 24 | 1.00× | 1.23× | ||
| Q3 24 | 0.72× | 1.18× | ||
| Q2 24 | 0.84× | 1.20× | ||
| Q1 24 | 0.89× | 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 | $12.3M | $41.8M |
| 自由现金流经营现金流 - 资本支出 | $8.7M | $22.9M |
| 自由现金流率自由现金流/营收 | 5.6% | 11.5% |
| 资本支出强度资本支出/营收 | 2.3% | 9.4% |
| 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 | $34.0M | $69.9M |
8季度趋势，按日历期对齐
经营现金流CVGIECVT
| Q4 25 | $12.3M | $41.8M | ||
| Q3 25 | $-1.7M | $55.3M | ||
| Q2 25 | $18.9M | $33.0M | ||
| Q1 25 | $15.2M | $10.3M | ||
| Q4 24 | $-26.6M | $43.5M | ||
| Q3 24 | $-17.1M | $59.9M | ||
| Q2 24 | $12.6M | $10.0M | ||
| Q1 24 | $-2.4M | $36.5M |
自由现金流CVGIECVT
| Q4 25 | $8.7M | $22.9M | ||
| Q3 25 | $-3.5M | $53.2M | ||
| Q2 25 | $17.4M | $7.8M | ||
| Q1 25 | $11.4M | $-14.0M | ||
| Q4 24 | $-30.6M | $30.9M | ||
| Q3 24 | $-20.3M | $53.6M | ||
| Q2 24 | $6.4M | $-9.3M | ||
| Q1 24 | $-7.4M | $19.1M |
自由现金流率CVGIECVT
| Q4 25 | 5.6% | 11.5% | ||
| Q3 25 | -2.3% | 26.0% | ||
| Q2 25 | 10.1% | 4.4% | ||
| Q1 25 | 6.7% | -9.8% | ||
| Q4 24 | -18.7% | 20.7% | ||
| Q3 24 | -11.8% | 34.9% | ||
| Q2 24 | 3.3% | -6.1% | ||
| Q1 24 | -3.8% | 13.5% |
资本支出强度CVGIECVT
| Q4 25 | 2.3% | 9.4% | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 0.9% | 14.4% | ||
| Q1 25 | 2.2% | 16.9% | ||
| Q4 24 | 2.4% | 8.5% | ||
| Q3 24 | 1.9% | 4.1% | ||
| Q2 24 | 3.2% | 12.5% | ||
| Q1 24 | 2.6% | 12.3% |
现金转化率CVGIECVT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.52× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.79× | 4.21× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | -0.80× | 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
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
