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Ecovyst Inc.（ECVT）与GCM Grosvenor Inc.（GCMG）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GCM Grosvenor Inc.的1.1倍（$199.4M vs $177.1M），Ecovyst Inc.同比增速更快（34.0% vs 7.2%），GCM Grosvenor Inc.自由现金流更多（$175.0M vs $22.9M），过去两年GCM Grosvenor Inc.的营收复合增速更高（27.5% vs 18.7%）
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。
GCM Grosvenor是美国头部另类资产管理机构，截至2023年资产管理规模约760亿美元，拥有约530名专业人士，为全球机构及个人投资者提供定制化另类投资解决方案，覆盖私募股权、对冲基金、房地产、基础设施等多元资产类别。
ECVT vs GCMG — 直观对比
营收规模更大
ECVT
是对方的1.1倍
$177.1M
营收增速更快
ECVT
高出26.8%
7.2%
自由现金流更多
GCMG
多$152.1M
$22.9M
两年增速更快
GCMG
近两年复合增速
18.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $177.1M |
| 净利润 | — | $58.2M |
| 毛利率 | 23.4% | — |
| 营业利润率 | 10.9% | 30.9% |
| 净利率 | — | 32.8% |
| 营收同比 | 34.0% | 7.2% |
| 净利润同比 | — | 149.2% |
| 每股收益（稀释后） | $0.06 | $0.23 |
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ECVTGCMG
| Q4 25 | $199.4M | $177.1M | ||
| Q3 25 | $204.9M | $135.0M | ||
| Q2 25 | $176.1M | $119.7M | ||
| Q1 25 | $143.1M | $125.8M | ||
| Q4 24 | $148.9M | $165.3M | ||
| Q3 24 | $153.9M | $122.9M | ||
| Q2 24 | $154.0M | $117.0M | ||
| Q1 24 | $141.6M | $108.9M |
净利润ECVTGCMG
| Q4 25 | — | $58.2M | ||
| Q3 25 | $-79.3M | $10.5M | ||
| Q2 25 | $6.0M | $15.4M | ||
| Q1 25 | $-3.6M | $463.0K | ||
| Q4 24 | — | $7.6M | ||
| Q3 24 | $14.3M | $4.2M | ||
| Q2 24 | $8.3M | $4.8M | ||
| Q1 24 | $1.2M | $2.1M |
毛利率ECVTGCMG
| Q4 25 | 23.4% | — | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 29.3% | — | ||
| Q2 24 | 27.3% | — | ||
| Q1 24 | 23.5% | — |
营业利润率ECVTGCMG
| Q4 25 | 10.9% | 30.9% | ||
| Q3 25 | 13.8% | 32.7% | ||
| Q2 25 | 9.0% | 16.1% | ||
| Q1 25 | -0.7% | 12.2% | ||
| Q4 24 | 15.1% | 26.4% | ||
| Q3 24 | 17.9% | 20.3% | ||
| Q2 24 | 14.1% | 17.8% | ||
| Q1 24 | 9.5% | -14.7% |
净利率ECVTGCMG
| Q4 25 | — | 32.8% | ||
| Q3 25 | -38.7% | 7.8% | ||
| Q2 25 | 3.4% | 12.9% | ||
| Q1 25 | -2.5% | 0.4% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | 9.3% | 3.4% | ||
| Q2 24 | 5.4% | 4.1% | ||
| Q1 24 | 0.9% | 2.0% |
每股收益（稀释后）ECVTGCMG
| Q4 25 | $0.06 | $0.23 | ||
| Q3 25 | $-0.69 | $0.16 | ||
| Q2 25 | $0.05 | $0.05 | ||
| Q1 25 | $-0.03 | $-0.02 | ||
| Q4 24 | $-0.26 | $0.09 | ||
| Q3 24 | $0.12 | $0.03 | ||
| Q2 24 | $0.07 | $0.04 | ||
| Q1 24 | $0.01 | $-0.13 |
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 | $242.1M |
| 总债务越低越好 | $392.6M | $428.4M |
| 股东权益账面价值 | $603.4M | $27.0M |
| 总资产 | $1.3B | $813.8M |
| 负债/权益比越低杠杆越低 | 0.65× | 15.87× |
8季度趋势，按日历期对齐
现金及短期投资ECVTGCMG
| Q4 25 | $197.2M | $242.1M | ||
| Q3 25 | $82.0M | $182.7M | ||
| Q2 25 | $69.6M | $136.3M | ||
| Q1 25 | $127.5M | $94.5M | ||
| Q4 24 | $131.4M | $89.5M | ||
| Q3 24 | $123.5M | $98.4M | ||
| Q2 24 | $83.3M | $73.9M | ||
| Q1 24 | $103.1M | $41.9M |
总债务ECVTGCMG
| Q4 25 | $392.6M | $428.4M | ||
| Q3 25 | $854.8M | $429.3M | ||
| Q2 25 | $856.6M | $430.2M | ||
| Q1 25 | $859.0M | $431.1M | ||
| Q4 24 | $860.8M | $432.0M | ||
| Q3 24 | $862.7M | $432.9M | ||
| Q2 24 | $862.4M | $433.8M | ||
| Q1 24 | $866.2M | $384.0M |
股东权益ECVTGCMG
| Q4 25 | $603.4M | $27.0M | ||
| Q3 25 | $607.9M | $-7.4M | ||
| Q2 25 | $692.4M | $-12.3M | ||
| Q1 25 | $698.7M | $-28.3M | ||
| Q4 24 | $700.5M | $-27.6M | ||
| Q3 24 | $729.4M | $-31.9M | ||
| Q2 24 | $717.3M | $-28.5M | ||
| Q1 24 | $711.4M | $-26.4M |
总资产ECVTGCMG
| Q4 25 | $1.3B | $813.8M | ||
| Q3 25 | $1.7B | $685.9M | ||
| Q2 25 | $1.8B | $636.9M | ||
| Q1 25 | $1.8B | $579.8M | ||
| Q4 24 | $1.8B | $612.7M | ||
| Q3 24 | $1.8B | $575.0M | ||
| Q2 24 | $1.8B | $543.9M | ||
| Q1 24 | $1.8B | $497.3M |
负债/权益比ECVTGCMG
| Q4 25 | 0.65× | 15.87× | ||
| 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 | $183.5M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $175.0M |
| 自由现金流率自由现金流/营收 | 11.5% | 98.8% |
| 资本支出强度资本支出/营收 | 9.4% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 3.16× |
| 过去12个月自由现金流最近4个季度 | $69.9M | $326.2M |
8季度趋势，按日历期对齐
经营现金流ECVTGCMG
| Q4 25 | $41.8M | $183.5M | ||
| Q3 25 | $55.3M | $79.8M | ||
| Q2 25 | $33.0M | $42.0M | ||
| Q1 25 | $10.3M | $33.3M | ||
| Q4 24 | $43.5M | $148.8M | ||
| Q3 24 | $59.9M | $69.0M | ||
| Q2 24 | $10.0M | $17.5M | ||
| Q1 24 | $36.5M | $24.2M |
自由现金流ECVTGCMG
| Q4 25 | $22.9M | $175.0M | ||
| Q3 25 | $53.2M | $78.3M | ||
| Q2 25 | $7.8M | $40.8M | ||
| Q1 25 | $-14.0M | $32.1M | ||
| Q4 24 | $30.9M | $132.0M | ||
| Q3 24 | $53.6M | $62.2M | ||
| Q2 24 | $-9.3M | $12.8M | ||
| Q1 24 | $19.1M | $20.0M |
自由现金流率ECVTGCMG
| Q4 25 | 11.5% | 98.8% | ||
| Q3 25 | 26.0% | 58.0% | ||
| Q2 25 | 4.4% | 34.1% | ||
| Q1 25 | -9.8% | 25.5% | ||
| Q4 24 | 20.7% | 79.9% | ||
| Q3 24 | 34.9% | 50.6% | ||
| Q2 24 | -6.1% | 10.9% | ||
| Q1 24 | 13.5% | 18.4% |
资本支出强度ECVTGCMG
| Q4 25 | 9.4% | 4.8% | ||
| Q3 25 | 1.0% | 1.1% | ||
| Q2 25 | 14.4% | 1.0% | ||
| Q1 25 | 16.9% | 0.9% | ||
| Q4 24 | 8.5% | 10.1% | ||
| Q3 24 | 4.1% | 5.5% | ||
| Q2 24 | 12.5% | 4.0% | ||
| Q1 24 | 12.3% | 3.9% |
现金转化率ECVTGCMG
| Q4 25 | — | 3.16× | ||
| Q3 25 | — | 7.61× | ||
| Q2 25 | 5.52× | 2.72× | ||
| Q1 25 | — | 71.84× | ||
| Q4 24 | — | 19.54× | ||
| Q3 24 | 4.21× | 16.60× | ||
| Q2 24 | 1.20× | 3.64× | ||
| Q1 24 | 29.90× | 11.40× |
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% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
