vs
Ecovyst Inc.（ECVT）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
Ecovyst Inc.的季度营收约是弗雷斯特研究公司的2.0倍（$199.4M vs $101.1M），Ecovyst Inc.同比增速更快（34.0% vs -6.5%），Ecovyst Inc.自由现金流更多（$22.9M vs $-4.3M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 0.5%）
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。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
ECVT vs FORR — 直观对比
营收规模更大
ECVT
是对方的2.0倍
$101.1M
营收增速更快
ECVT
高出40.4%
-6.5%
自由现金流更多
ECVT
多$27.2M
$-4.3M
两年增速更快
ECVT
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $101.1M |
| 净利润 | — | $-33.9M |
| 毛利率 | 23.4% | 56.7% |
| 营业利润率 | 10.9% | -36.6% |
| 净利率 | — | -33.5% |
| 营收同比 | 34.0% | -6.5% |
| 净利润同比 | — | -7941.4% |
| 每股收益（稀释后） | $0.06 | $-1.75 |
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ECVTFORR
| Q4 25 | $199.4M | $101.1M | ||
| Q3 25 | $204.9M | $94.3M | ||
| Q2 25 | $176.1M | $111.7M | ||
| Q1 25 | $143.1M | $89.9M | ||
| Q4 24 | $148.9M | $108.0M | ||
| Q3 24 | $153.9M | $102.5M | ||
| Q2 24 | $154.0M | $121.8M | ||
| Q1 24 | $141.6M | $100.1M |
净利润ECVTFORR
| Q4 25 | — | $-33.9M | ||
| Q3 25 | $-79.3M | $-2.1M | ||
| Q2 25 | $6.0M | $3.9M | ||
| Q1 25 | $-3.6M | $-87.3M | ||
| Q4 24 | — | $432.0K | ||
| Q3 24 | $14.3M | $-5.8M | ||
| Q2 24 | $8.3M | $6.3M | ||
| Q1 24 | $1.2M | $-6.7M |
毛利率ECVTFORR
| Q4 25 | 23.4% | 56.7% | ||
| Q3 25 | 25.4% | 60.0% | ||
| Q2 25 | 22.8% | 55.5% | ||
| Q1 25 | 13.3% | 55.9% | ||
| Q4 24 | 28.9% | 58.8% | ||
| Q3 24 | 29.3% | 60.5% | ||
| Q2 24 | 27.3% | 57.3% | ||
| Q1 24 | 23.5% | 54.9% |
营业利润率ECVTFORR
| Q4 25 | 10.9% | -36.6% | ||
| Q3 25 | 13.8% | 4.7% | ||
| Q2 25 | 9.0% | 6.2% | ||
| Q1 25 | -0.7% | -97.5% | ||
| Q4 24 | 15.1% | -0.5% | ||
| Q3 24 | 17.9% | -0.7% | ||
| Q2 24 | 14.1% | 9.3% | ||
| Q1 24 | 9.5% | -9.3% |
净利率ECVTFORR
| Q4 25 | — | -33.5% | ||
| Q3 25 | -38.7% | -2.3% | ||
| Q2 25 | 3.4% | 3.5% | ||
| Q1 25 | -2.5% | -97.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 9.3% | -5.7% | ||
| Q2 24 | 5.4% | 5.2% | ||
| Q1 24 | 0.9% | -6.7% |
每股收益（稀释后）ECVTFORR
| Q4 25 | $0.06 | $-1.75 | ||
| Q3 25 | $-0.69 | $-0.11 | ||
| Q2 25 | $0.05 | $0.20 | ||
| Q1 25 | $-0.03 | $-4.62 | ||
| Q4 24 | $-0.26 | $0.02 | ||
| Q3 24 | $0.12 | $-0.30 | ||
| Q2 24 | $0.07 | $0.33 | ||
| Q1 24 | $0.01 | $-0.35 |
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 | $63.3M |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $126.5M |
| 总资产 | $1.3B | $404.0M |
| 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ECVTFORR
| Q4 25 | $197.2M | $63.3M | ||
| Q3 25 | $82.0M | $65.1M | ||
| Q2 25 | $69.6M | $67.8M | ||
| Q1 25 | $127.5M | $75.6M | ||
| Q4 24 | $131.4M | $56.1M | ||
| Q3 24 | $123.5M | $62.8M | ||
| Q2 24 | $83.3M | $58.9M | ||
| Q1 24 | $103.1M | $61.4M |
总债务ECVTFORR
| 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ECVTFORR
| Q4 25 | $603.4M | $126.5M | ||
| Q3 25 | $607.9M | $157.7M | ||
| Q2 25 | $692.4M | $159.5M | ||
| Q1 25 | $698.7M | $147.4M | ||
| Q4 24 | $700.5M | $229.5M | ||
| Q3 24 | $729.4M | $234.3M | ||
| Q2 24 | $717.3M | $237.1M | ||
| Q1 24 | $711.4M | $230.9M |
总资产ECVTFORR
| Q4 25 | $1.3B | $404.0M | ||
| Q3 25 | $1.7B | $414.2M | ||
| Q2 25 | $1.8B | $436.0M | ||
| Q1 25 | $1.8B | $439.8M | ||
| Q4 24 | $1.8B | $503.9M | ||
| Q3 24 | $1.8B | $505.3M | ||
| Q2 24 | $1.8B | $524.2M | ||
| Q1 24 | $1.8B | $555.7M |
负债/权益比ECVTFORR
| 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 | $41.8M | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $-4.3M |
| 自由现金流率自由现金流/营收 | 11.5% | -4.2% |
| 资本支出强度资本支出/营收 | 9.4% | 1.1% |
| 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 | $69.9M | $18.1M |
8季度趋势，按日历期对齐
经营现金流ECVTFORR
| Q4 25 | $41.8M | $-3.2M | ||
| Q3 25 | $55.3M | $1.2M | ||
| Q2 25 | $33.0M | $-3.6M | ||
| Q1 25 | $10.3M | $26.7M | ||
| Q4 24 | $43.5M | $-1.8M | ||
| Q3 24 | $59.9M | $264.0K | ||
| Q2 24 | $10.0M | $-2.9M | ||
| Q1 24 | $36.5M | $611.0K |
自由现金流ECVTFORR
| Q4 25 | $22.9M | $-4.3M | ||
| Q3 25 | $53.2M | $524.0K | ||
| Q2 25 | $7.8M | $-4.2M | ||
| Q1 25 | $-14.0M | $26.1M | ||
| Q4 24 | $30.9M | $-2.5M | ||
| Q3 24 | $53.6M | $-223.0K | ||
| Q2 24 | $-9.3M | $-3.7M | ||
| Q1 24 | $19.1M | $-815.0K |
自由现金流率ECVTFORR
| Q4 25 | 11.5% | -4.2% | ||
| Q3 25 | 26.0% | 0.6% | ||
| Q2 25 | 4.4% | -3.8% | ||
| Q1 25 | -9.8% | 29.0% | ||
| Q4 24 | 20.7% | -2.3% | ||
| Q3 24 | 34.9% | -0.2% | ||
| Q2 24 | -6.1% | -3.1% | ||
| Q1 24 | 13.5% | -0.8% |
资本支出强度ECVTFORR
| Q4 25 | 9.4% | 1.1% | ||
| Q3 25 | 1.0% | 0.7% | ||
| Q2 25 | 14.4% | 0.5% | ||
| Q1 25 | 16.9% | 0.7% | ||
| Q4 24 | 8.5% | 0.6% | ||
| Q3 24 | 4.1% | 0.5% | ||
| Q2 24 | 12.5% | 0.7% | ||
| Q1 24 | 12.3% | 1.4% |
现金转化率ECVTFORR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.52× | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | 4.21× | — | ||
| Q2 24 | 1.20× | -0.46× | ||
| Q1 24 | 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
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
