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Ecovyst Inc.（ECVT）与IMAX（IMAX）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IMAX的1.6倍（$199.4M vs $125.2M），IMAX同比增速更快（35.1% vs 34.0%），IMAX自由现金流更多（$28.0M vs $22.9M），过去两年IMAX的营收复合增速更高（25.8% 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。
IMAX公司是加拿大的影视放映技术企业，1967年创立于蒙特利尔，总部位于多伦多地区，在纽约、洛杉矶均设有业务点。核心业务包括IMAX摄影机与放映系统的设计制造，同时面向全球合作影院提供影片开发、制作、后期及发行服务，是沉浸式观影技术领域的领先企业。
ECVT vs IMAX — 直观对比
营收规模更大
ECVT
是对方的1.6倍
$125.2M
营收增速更快
IMAX
高出1.1%
34.0%
自由现金流更多
IMAX
多$5.0M
$22.9M
两年增速更快
IMAX
近两年复合增速
18.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $125.2M |
| 净利润 | — | $637.0K |
| 毛利率 | 23.4% | 57.6% |
| 营业利润率 | 10.9% | 19.3% |
| 净利率 | — | 0.5% |
| 营收同比 | 34.0% | 35.1% |
| 净利润同比 | — | -88.0% |
| 每股收益（稀释后） | $0.06 | $0.02 |
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ECVTIMAX
| Q4 25 | $199.4M | $125.2M | ||
| Q3 25 | $204.9M | $106.7M | ||
| Q2 25 | $176.1M | $91.7M | ||
| Q1 25 | $143.1M | $86.7M | ||
| Q4 24 | $148.9M | $92.7M | ||
| Q3 24 | $153.9M | $91.5M | ||
| Q2 24 | $154.0M | $89.0M | ||
| Q1 24 | $141.6M | $79.1M |
净利润ECVTIMAX
| Q4 25 | — | $637.0K | ||
| Q3 25 | $-79.3M | $20.7M | ||
| Q2 25 | $6.0M | $11.3M | ||
| Q1 25 | $-3.6M | $2.3M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | $14.3M | $13.9M | ||
| Q2 24 | $8.3M | $3.6M | ||
| Q1 24 | $1.2M | $3.3M |
毛利率ECVTIMAX
| Q4 25 | 23.4% | 57.6% | ||
| Q3 25 | 25.4% | 63.1% | ||
| Q2 25 | 22.8% | 58.5% | ||
| Q1 25 | 13.3% | 61.4% | ||
| Q4 24 | 28.9% | 52.2% | ||
| Q3 24 | 29.3% | 55.8% | ||
| Q2 24 | 27.3% | 49.4% | ||
| Q1 24 | 23.5% | 59.3% |
营业利润率ECVTIMAX
| Q4 25 | 10.9% | 19.3% | ||
| Q3 25 | 13.8% | 27.2% | ||
| Q2 25 | 9.0% | 15.6% | ||
| Q1 25 | -0.7% | 19.3% | ||
| Q4 24 | 15.1% | 10.3% | ||
| Q3 24 | 17.9% | 21.2% | ||
| Q2 24 | 14.1% | 3.2% | ||
| Q1 24 | 9.5% | 15.3% |
净利率ECVTIMAX
| Q4 25 | — | 0.5% | ||
| Q3 25 | -38.7% | 19.4% | ||
| Q2 25 | 3.4% | 12.3% | ||
| Q1 25 | -2.5% | 2.7% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | 9.3% | 15.2% | ||
| Q2 24 | 5.4% | 4.0% | ||
| Q1 24 | 0.9% | 4.1% |
每股收益（稀释后）ECVTIMAX
| Q4 25 | $0.06 | $0.02 | ||
| Q3 25 | $-0.69 | $0.37 | ||
| Q2 25 | $0.05 | $0.20 | ||
| Q1 25 | $-0.03 | $0.04 | ||
| Q4 24 | $-0.26 | $0.09 | ||
| Q3 24 | $0.12 | $0.26 | ||
| Q2 24 | $0.07 | $0.07 | ||
| Q1 24 | $0.01 | $0.06 |
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 | $151.2M |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $337.9M |
| 总资产 | $1.3B | $894.0M |
| 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ECVTIMAX
| Q4 25 | $197.2M | $151.2M | ||
| Q3 25 | $82.0M | $143.1M | ||
| Q2 25 | $69.6M | $109.3M | ||
| Q1 25 | $127.5M | $97.1M | ||
| Q4 24 | $131.4M | $100.6M | ||
| Q3 24 | $123.5M | $104.5M | ||
| Q2 24 | $83.3M | $91.6M | ||
| Q1 24 | $103.1M | $81.0M |
总债务ECVTIMAX
| 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ECVTIMAX
| Q4 25 | $603.4M | $337.9M | ||
| Q3 25 | $607.9M | $349.5M | ||
| Q2 25 | $692.4M | $320.4M | ||
| Q1 25 | $698.7M | $299.5M | ||
| Q4 24 | $700.5M | $299.5M | ||
| Q3 24 | $729.4M | $289.4M | ||
| Q2 24 | $717.3M | $267.2M | ||
| Q1 24 | $711.4M | $258.8M |
总资产ECVTIMAX
| Q4 25 | $1.3B | $894.0M | ||
| Q3 25 | $1.7B | $889.6M | ||
| Q2 25 | $1.8B | $868.6M | ||
| Q1 25 | $1.8B | $848.3M | ||
| Q4 24 | $1.8B | $830.4M | ||
| Q3 24 | $1.8B | $847.6M | ||
| Q2 24 | $1.8B | $827.4M | ||
| Q1 24 | $1.8B | $824.1M |
负债/权益比ECVTIMAX
| 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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $28.0M |
| 自由现金流率自由现金流/营收 | 11.5% | 22.3% |
| 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 | — | 46.11× |
| 过去12个月自由现金流最近4个季度 | $69.9M | $118.9M |
8季度趋势，按日历期对齐
经营现金流ECVTIMAX
| Q4 25 | $41.8M | $29.4M | ||
| Q3 25 | $55.3M | $67.5M | ||
| Q2 25 | $33.0M | $23.2M | ||
| Q1 25 | $10.3M | $7.0M | ||
| Q4 24 | $43.5M | $11.5M | ||
| Q3 24 | $59.9M | $35.3M | ||
| Q2 24 | $10.0M | $35.0M | ||
| Q1 24 | $36.5M | $-11.0M |
自由现金流ECVTIMAX
| Q4 25 | $22.9M | $28.0M | ||
| Q3 25 | $53.2M | $64.8M | ||
| Q2 25 | $7.8M | $20.9M | ||
| Q1 25 | $-14.0M | $5.3M | ||
| Q4 24 | $30.9M | $6.9M | ||
| Q3 24 | $53.6M | $34.2M | ||
| Q2 24 | $-9.3M | $33.5M | ||
| Q1 24 | $19.1M | $-12.1M |
自由现金流率ECVTIMAX
| Q4 25 | 11.5% | 22.3% | ||
| Q3 25 | 26.0% | 60.7% | ||
| Q2 25 | 4.4% | 22.8% | ||
| Q1 25 | -9.8% | 6.1% | ||
| Q4 24 | 20.7% | 7.4% | ||
| Q3 24 | 34.9% | 37.3% | ||
| Q2 24 | -6.1% | 37.6% | ||
| Q1 24 | 13.5% | -15.3% |
资本支出强度ECVTIMAX
| Q4 25 | 9.4% | 1.1% | ||
| Q3 25 | 1.0% | 2.6% | ||
| Q2 25 | 14.4% | 2.6% | ||
| Q1 25 | 16.9% | 1.9% | ||
| Q4 24 | 8.5% | 5.0% | ||
| Q3 24 | 4.1% | 1.2% | ||
| Q2 24 | 12.5% | 1.8% | ||
| Q1 24 | 12.3% | 1.4% |
现金转化率ECVTIMAX
| Q4 25 | — | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | 5.52× | 2.06× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 4.21× | 2.54× | ||
| Q2 24 | 1.20× | 9.78× | ||
| Q1 24 | 29.90× | -3.35× |
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% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
