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Ecovyst Inc.（ECVT）与IREN Ltd（IREN）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IREN Ltd的1.1倍（$199.4M vs $184.7M），IREN Ltd同比增速更快（59.0% vs 34.0%），Ecovyst Inc.自由现金流更多（$22.9M vs $-468.0M）
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。
IREN Ltd是一家垂直整合的数据中心企业，依托可再生能源为比特币、人工智能等前沿领域发展提供算力支撑，旗下设施策略性布局于美国及加拿大境内可再生能源丰富、光纤网络完善的区域。
ECVT vs IREN — 直观对比
营收规模更大
ECVT
是对方的1.1倍
$184.7M
营收增速更快
IREN
高出25.1%
34.0%
自由现金流更多
ECVT
多$491.0M
$-468.0M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $184.7M |
| 净利润 | — | $-155.4M |
| 毛利率 | 23.4% | 64.4% |
| 营业利润率 | 10.9% | -63.0% |
| 净利率 | — | -84.1% |
| 营收同比 | 34.0% | 59.0% |
| 净利润同比 | — | -610.0% |
| 每股收益（稀释后） | $0.06 | $-0.52 |
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ECVTIREN
| Q4 25 | $199.4M | $184.7M | ||
| Q3 25 | $204.9M | $240.3M | ||
| Q2 25 | $176.1M | — | ||
| Q1 25 | $143.1M | — | ||
| Q4 24 | $148.9M | $116.1M | ||
| Q3 24 | $153.9M | $52.8M | ||
| Q2 24 | $154.0M | — | ||
| Q1 24 | $141.6M | $54.3M |
净利润ECVTIREN
| Q4 25 | — | $-155.4M | ||
| Q3 25 | $-79.3M | $384.6M | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $-3.6M | — | ||
| Q4 24 | — | $-21.9M | ||
| Q3 24 | $14.3M | $-51.7M | ||
| Q2 24 | $8.3M | — | ||
| Q1 24 | $1.2M | $8.6M |
毛利率ECVTIREN
| Q4 25 | 23.4% | 64.4% | ||
| Q3 25 | 25.4% | 66.4% | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 28.9% | 72.2% | ||
| Q3 24 | 29.3% | 39.6% | ||
| Q2 24 | 27.3% | — | ||
| Q1 24 | 23.5% | — |
营业利润率ECVTIREN
| Q4 25 | 10.9% | -63.0% | ||
| Q3 25 | 13.8% | -31.8% | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | -0.7% | — | ||
| Q4 24 | 15.1% | 14.9% | ||
| Q3 24 | 17.9% | -89.2% | ||
| Q2 24 | 14.1% | — | ||
| Q1 24 | 9.5% | 11.1% |
净利率ECVTIREN
| Q4 25 | — | -84.1% | ||
| Q3 25 | -38.7% | 160.1% | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | -2.5% | — | ||
| Q4 24 | — | -18.8% | ||
| Q3 24 | 9.3% | -98.0% | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 0.9% | 15.9% |
每股收益（稀释后）ECVTIREN
| Q4 25 | $0.06 | $-0.52 | ||
| Q3 25 | $-0.69 | $1.08 | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $-0.26 | $-0.10 | ||
| Q3 24 | $0.12 | $-0.27 | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $0.01 | $0.00 |
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 | $3.3B |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $2.5B |
| 总资产 | $1.3B | $7.0B |
| 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ECVTIREN
| Q4 25 | $197.2M | $3.3B | ||
| Q3 25 | $82.0M | $1.0B | ||
| Q2 25 | $69.6M | — | ||
| Q1 25 | $127.5M | — | ||
| Q4 24 | $131.4M | $427.3M | ||
| Q3 24 | $123.5M | $98.6M | ||
| Q2 24 | $83.3M | — | ||
| Q1 24 | $103.1M | $259.7M |
总债务ECVTIREN
| 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ECVTIREN
| Q4 25 | $603.4M | $2.5B | ||
| Q3 25 | $607.9M | $2.9B | ||
| Q2 25 | $692.4M | — | ||
| Q1 25 | $698.7M | — | ||
| Q4 24 | $700.5M | $1.2B | ||
| Q3 24 | $729.4M | $1.1B | ||
| Q2 24 | $717.3M | — | ||
| Q1 24 | $711.4M | $677.2M |
总资产ECVTIREN
| Q4 25 | $1.3B | $7.0B | ||
| Q3 25 | $1.7B | $4.3B | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | $723.6M |
负债/权益比ECVTIREN
| 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 | $71.7M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $-468.0M |
| 自由现金流率自由现金流/营收 | 11.5% | -253.4% |
| 资本支出强度资本支出/营收 | 9.4% | 292.2% |
| 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 | $-701.2M |
8季度趋势，按日历期对齐
经营现金流ECVTIREN
| Q4 25 | $41.8M | $71.7M | ||
| Q3 25 | $55.3M | $142.4M | ||
| Q2 25 | $33.0M | — | ||
| Q1 25 | $10.3M | — | ||
| Q4 24 | $43.5M | $53.6M | ||
| Q3 24 | $59.9M | $-3.9M | ||
| Q2 24 | $10.0M | — | ||
| Q1 24 | $36.5M | $-27.1M |
自由现金流ECVTIREN
| Q4 25 | $22.9M | $-468.0M | ||
| Q3 25 | $53.2M | $-38.0M | ||
| Q2 25 | $7.8M | — | ||
| Q1 25 | $-14.0M | — | ||
| Q4 24 | $30.9M | $-85.5M | ||
| Q3 24 | $53.6M | $-109.7M | ||
| Q2 24 | $-9.3M | — | ||
| Q1 24 | $19.1M | $-108.3M |
自由现金流率ECVTIREN
| Q4 25 | 11.5% | -253.4% | ||
| Q3 25 | 26.0% | -15.8% | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | 20.7% | -73.6% | ||
| Q3 24 | 34.9% | -208.0% | ||
| Q2 24 | -6.1% | — | ||
| Q1 24 | 13.5% | -199.4% |
资本支出强度ECVTIREN
| Q4 25 | 9.4% | 292.2% | ||
| Q3 25 | 1.0% | 75.0% | ||
| Q2 25 | 14.4% | — | ||
| Q1 25 | 16.9% | — | ||
| Q4 24 | 8.5% | 119.7% | ||
| Q3 24 | 4.1% | 200.6% | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | 12.3% | 149.5% |
现金转化率ECVTIREN
| Q4 25 | — | — | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | 5.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.21× | — | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 29.90× | -3.13× |
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% |
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
