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达尔科技（DIOD）与Ecovyst Inc.（ECVT）财务数据对比。点击上方公司名可切换其他公司
达尔科技的季度营收约是Ecovyst Inc.的2.0倍（$391.6M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 15.4%），Ecovyst Inc.自由现金流更多（$22.9M vs $12.4M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 13.9%）
达尔科技是一家全球性半导体制造商，主营分立器件、模拟及混合信号半导体产品的设计、生产与销售，产品广泛应用于汽车、工业、消费电子、计算及通信基础设施等核心领域，服务全球各地客户。
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。
DIOD vs ECVT — 直观对比
营收规模更大
DIOD
是对方的2.0倍
$199.4M
营收增速更快
ECVT
高出18.6%
15.4%
自由现金流更多
ECVT
多$10.5M
$12.4M
两年增速更快
ECVT
近两年复合增速
13.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $391.6M | $199.4M |
| 净利润 | $10.2M | — |
| 毛利率 | 31.1% | 23.4% |
| 营业利润率 | 3.4% | 10.9% |
| 净利率 | 2.6% | — |
| 营收同比 | 15.4% | 34.0% |
| 净利润同比 | 23.8% | — |
| 每股收益（稀释后） | $0.23 | $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DIODECVT
| Q4 25 | $391.6M | $199.4M | ||
| Q3 25 | $392.2M | $204.9M | ||
| Q2 25 | $366.2M | $176.1M | ||
| Q1 25 | $332.1M | $143.1M | ||
| Q4 24 | $339.3M | $148.9M | ||
| Q3 24 | $350.1M | $153.9M | ||
| Q2 24 | $319.8M | $154.0M | ||
| Q1 24 | $302.0M | $141.6M |
净利润DIODECVT
| Q4 25 | $10.2M | — | ||
| Q3 25 | $14.3M | $-79.3M | ||
| Q2 25 | $46.1M | $6.0M | ||
| Q1 25 | $-4.4M | $-3.6M | ||
| Q4 24 | $8.2M | — | ||
| Q3 24 | $13.7M | $14.3M | ||
| Q2 24 | $8.0M | $8.3M | ||
| Q1 24 | $14.0M | $1.2M |
毛利率DIODECVT
| Q4 25 | 31.1% | 23.4% | ||
| Q3 25 | 30.7% | 25.4% | ||
| Q2 25 | 31.5% | 22.8% | ||
| Q1 25 | 31.5% | 13.3% | ||
| Q4 24 | 32.7% | 28.9% | ||
| Q3 24 | 33.7% | 29.3% | ||
| Q2 24 | 33.6% | 27.3% | ||
| Q1 24 | 33.0% | 23.5% |
营业利润率DIODECVT
| Q4 25 | 3.4% | 10.9% | ||
| Q3 25 | 3.0% | 13.8% | ||
| Q2 25 | 2.6% | 9.0% | ||
| Q1 25 | 0.4% | -0.7% | ||
| Q4 24 | 3.5% | 15.1% | ||
| Q3 24 | 6.2% | 17.9% | ||
| Q2 24 | 1.2% | 14.1% | ||
| Q1 24 | 4.3% | 9.5% |
净利率DIODECVT
| Q4 25 | 2.6% | — | ||
| Q3 25 | 3.6% | -38.7% | ||
| Q2 25 | 12.6% | 3.4% | ||
| Q1 25 | -1.3% | -2.5% | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 3.9% | 9.3% | ||
| Q2 24 | 2.5% | 5.4% | ||
| Q1 24 | 4.6% | 0.9% |
每股收益（稀释后）DIODECVT
| Q4 25 | $0.23 | $0.06 | ||
| Q3 25 | $0.31 | $-0.69 | ||
| Q2 25 | $0.99 | $0.05 | ||
| Q1 25 | $-0.10 | $-0.03 | ||
| Q4 24 | $0.18 | $-0.26 | ||
| Q3 24 | $0.30 | $0.12 | ||
| Q2 24 | $0.17 | $0.07 | ||
| Q1 24 | $0.30 | $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 | $377.0M | $197.2M |
| 总债务越低越好 | $25.7M | $392.6M |
| 股东权益账面价值 | $1.9B | $603.4M |
| 总资产 | $2.4B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.01× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资DIODECVT
| Q4 25 | $377.0M | $197.2M | ||
| Q3 25 | $386.4M | $82.0M | ||
| Q2 25 | $327.3M | $69.6M | ||
| Q1 25 | $343.9M | $127.5M | ||
| Q4 24 | $316.1M | $131.4M | ||
| Q3 24 | $319.3M | $123.5M | ||
| Q2 24 | $273.9M | $83.3M | ||
| Q1 24 | $276.0M | $103.1M |
总债务DIODECVT
| Q4 25 | $25.7M | $392.6M | ||
| Q3 25 | $24.9M | $854.8M | ||
| Q2 25 | $26.4M | $856.6M | ||
| Q1 25 | $20.5M | $859.0M | ||
| Q4 24 | $20.7M | $860.8M | ||
| Q3 24 | $22.2M | $862.7M | ||
| Q2 24 | $20.3M | $862.4M | ||
| Q1 24 | $20.9M | $866.2M |
股东权益DIODECVT
| Q4 25 | $1.9B | $603.4M | ||
| Q3 25 | $1.9B | $607.9M | ||
| Q2 25 | $1.9B | $692.4M | ||
| Q1 25 | $1.8B | $698.7M | ||
| Q4 24 | $1.8B | $700.5M | ||
| Q3 24 | $1.8B | $729.4M | ||
| Q2 24 | $1.8B | $717.3M | ||
| Q1 24 | $1.7B | $711.4M |
总资产DIODECVT
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.4B | $1.8B | ||
| Q1 24 | $2.4B | $1.8B |
负债/权益比DIODECVT
| Q4 25 | 0.01× | 0.65× | ||
| Q3 25 | 0.01× | 1.41× | ||
| Q2 25 | 0.01× | 1.24× | ||
| Q1 25 | 0.01× | 1.23× | ||
| Q4 24 | 0.01× | 1.23× | ||
| Q3 24 | 0.01× | 1.18× | ||
| Q2 24 | 0.01× | 1.20× | ||
| Q1 24 | 0.01× | 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 | $38.1M | $41.8M |
| 自由现金流经营现金流 - 资本支出 | $12.4M | $22.9M |
| 自由现金流率自由现金流/营收 | 3.2% | 11.5% |
| 资本支出强度资本支出/营收 | 6.6% | 9.4% |
| 现金转化率经营现金流/净利润 | 3.74× | — |
| 过去12个月自由现金流最近4个季度 | $137.2M | $69.9M |
8季度趋势，按日历期对齐
经营现金流DIODECVT
| Q4 25 | $38.1M | $41.8M | ||
| Q3 25 | $79.1M | $55.3M | ||
| Q2 25 | $41.5M | $33.0M | ||
| Q1 25 | $56.7M | $10.3M | ||
| Q4 24 | $81.8M | $43.5M | ||
| Q3 24 | $54.4M | $59.9M | ||
| Q2 24 | $14.4M | $10.0M | ||
| Q1 24 | $-31.1M | $36.5M |
自由现金流DIODECVT
| Q4 25 | $12.4M | $22.9M | ||
| Q3 25 | $62.8M | $53.2M | ||
| Q2 25 | $21.1M | $7.8M | ||
| Q1 25 | $40.8M | $-14.0M | ||
| Q4 24 | $62.1M | $30.9M | ||
| Q3 24 | $39.4M | $53.6M | ||
| Q2 24 | $-3.5M | $-9.3M | ||
| Q1 24 | $-51.5M | $19.1M |
自由现金流率DIODECVT
| Q4 25 | 3.2% | 11.5% | ||
| Q3 25 | 16.0% | 26.0% | ||
| Q2 25 | 5.8% | 4.4% | ||
| Q1 25 | 12.3% | -9.8% | ||
| Q4 24 | 18.3% | 20.7% | ||
| Q3 24 | 11.2% | 34.9% | ||
| Q2 24 | -1.1% | -6.1% | ||
| Q1 24 | -17.1% | 13.5% |
资本支出强度DIODECVT
| Q4 25 | 6.6% | 9.4% | ||
| Q3 25 | 4.2% | 1.0% | ||
| Q2 25 | 5.6% | 14.4% | ||
| Q1 25 | 4.8% | 16.9% | ||
| Q4 24 | 5.8% | 8.5% | ||
| Q3 24 | 4.3% | 4.1% | ||
| Q2 24 | 5.6% | 12.5% | ||
| Q1 24 | 6.7% | 12.3% |
现金转化率DIODECVT
| Q4 25 | 3.74× | — | ||
| Q3 25 | 5.54× | — | ||
| Q2 25 | 0.90× | 5.52× | ||
| Q1 25 | — | — | ||
| Q4 24 | 9.93× | — | ||
| Q3 24 | 3.95× | 4.21× | ||
| Q2 24 | 1.80× | 1.20× | ||
| Q1 24 | -2.22× | 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
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
