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Ecovyst Inc.（ECVT）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
KADANT INC的季度营收约是Ecovyst Inc.的1.4倍（$271.6M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $22.9M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 6.7%）
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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
ECVT vs KAI — 直观对比
营收规模更大
KAI
是对方的1.4倍
$199.4M
营收增速更快
ECVT
高出34.0%
-0.0%
自由现金流更多
KAI
多$21.1M
$22.9M
两年增速更快
ECVT
近两年复合增速
6.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $271.6M |
| 净利润 | — | $27.7M |
| 毛利率 | 23.4% | 45.2% |
| 营业利润率 | 10.9% | 15.7% |
| 净利率 | — | 10.2% |
| 营收同比 | 34.0% | -0.0% |
| 净利润同比 | — | -12.2% |
| 每股收益（稀释后） | $0.06 | $2.35 |
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ECVTKAI
| Q4 25 | $199.4M | — | ||
| Q3 25 | $204.9M | $271.6M | ||
| Q2 25 | $176.1M | $255.3M | ||
| Q1 25 | $143.1M | $239.2M | ||
| Q4 24 | $148.9M | $258.0M | ||
| Q3 24 | $153.9M | $271.6M | ||
| Q2 24 | $154.0M | $274.8M | ||
| Q1 24 | $141.6M | $249.0M |
净利润ECVTKAI
| Q4 25 | — | — | ||
| Q3 25 | $-79.3M | $27.7M | ||
| Q2 25 | $6.0M | $26.2M | ||
| Q1 25 | $-3.6M | $24.1M | ||
| Q4 24 | — | $24.0M | ||
| Q3 24 | $14.3M | $31.6M | ||
| Q2 24 | $8.3M | $31.3M | ||
| Q1 24 | $1.2M | $24.7M |
毛利率ECVTKAI
| Q4 25 | 23.4% | — | ||
| Q3 25 | 25.4% | 45.2% | ||
| Q2 25 | 22.8% | 45.9% | ||
| Q1 25 | 13.3% | 46.1% | ||
| Q4 24 | 28.9% | 43.4% | ||
| Q3 24 | 29.3% | 44.7% | ||
| Q2 24 | 27.3% | 44.4% | ||
| Q1 24 | 23.5% | 44.6% |
营业利润率ECVTKAI
| Q4 25 | 10.9% | — | ||
| Q3 25 | 13.8% | 15.7% | ||
| Q2 25 | 9.0% | 15.4% | ||
| Q1 25 | -0.7% | 14.9% | ||
| Q4 24 | 15.1% | 14.3% | ||
| Q3 24 | 17.9% | 18.0% | ||
| Q2 24 | 14.1% | 17.6% | ||
| Q1 24 | 9.5% | 14.8% |
净利率ECVTKAI
| Q4 25 | — | — | ||
| Q3 25 | -38.7% | 10.2% | ||
| Q2 25 | 3.4% | 10.2% | ||
| Q1 25 | -2.5% | 10.1% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 9.3% | 11.6% | ||
| Q2 24 | 5.4% | 11.4% | ||
| Q1 24 | 0.9% | 9.9% |
每股收益（稀释后）ECVTKAI
| Q4 25 | $0.06 | — | ||
| Q3 25 | $-0.69 | $2.35 | ||
| Q2 25 | $0.05 | $2.22 | ||
| Q1 25 | $-0.03 | $2.04 | ||
| Q4 24 | $-0.26 | $2.04 | ||
| Q3 24 | $0.12 | $2.68 | ||
| Q2 24 | $0.07 | $2.66 | ||
| Q1 24 | $0.01 | $2.10 |
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 | $124.5M |
| 总债务越低越好 | $392.6M | $254.6M |
| 股东权益账面价值 | $603.4M | $949.8M |
| 总资产 | $1.3B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.65× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资ECVTKAI
| Q4 25 | $197.2M | — | ||
| Q3 25 | $82.0M | $124.5M | ||
| Q2 25 | $69.6M | $95.3M | ||
| Q1 25 | $127.5M | $91.7M | ||
| Q4 24 | $131.4M | $94.7M | ||
| Q3 24 | $123.5M | $88.4M | ||
| Q2 24 | $83.3M | $73.8M | ||
| Q1 24 | $103.1M | $81.4M |
总债务ECVTKAI
| Q4 25 | $392.6M | — | ||
| Q3 25 | $854.8M | $254.6M | ||
| Q2 25 | $856.6M | $245.7M | ||
| Q1 25 | $859.0M | $273.5M | ||
| Q4 24 | $860.8M | $285.2M | ||
| Q3 24 | $862.7M | $323.2M | ||
| Q2 24 | $862.4M | $342.0M | ||
| Q1 24 | $866.2M | $306.8M |
股东权益ECVTKAI
| Q4 25 | $603.4M | — | ||
| Q3 25 | $607.9M | $949.8M | ||
| Q2 25 | $692.4M | $926.0M | ||
| Q1 25 | $698.7M | $876.0M | ||
| Q4 24 | $700.5M | $847.1M | ||
| Q3 24 | $729.4M | $851.7M | ||
| Q2 24 | $717.3M | $807.7M | ||
| Q1 24 | $711.4M | $782.7M |
总资产ECVTKAI
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.5B | ||
| Q1 24 | $1.8B | $1.4B |
负债/权益比ECVTKAI
| Q4 25 | 0.65× | — | ||
| Q3 25 | 1.41× | 0.27× | ||
| Q2 25 | 1.24× | 0.27× | ||
| Q1 25 | 1.23× | 0.31× | ||
| Q4 24 | 1.23× | 0.34× | ||
| Q3 24 | 1.18× | 0.38× | ||
| Q2 24 | 1.20× | 0.42× | ||
| Q1 24 | 1.22× | 0.39× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $44.1M |
| 自由现金流率自由现金流/营收 | 11.5% | 16.2% |
| 资本支出强度资本支出/营收 | 9.4% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.70× |
| 过去12个月自由现金流最近4个季度 | $69.9M | $145.9M |
8季度趋势，按日历期对齐
经营现金流ECVTKAI
| Q4 25 | $41.8M | — | ||
| Q3 25 | $55.3M | $47.3M | ||
| Q2 25 | $33.0M | $40.5M | ||
| Q1 25 | $10.3M | $22.8M | ||
| Q4 24 | $43.5M | $51.9M | ||
| Q3 24 | $59.9M | $52.5M | ||
| Q2 24 | $10.0M | $28.1M | ||
| Q1 24 | $36.5M | $22.8M |
自由现金流ECVTKAI
| Q4 25 | $22.9M | — | ||
| Q3 25 | $53.2M | $44.1M | ||
| Q2 25 | $7.8M | $36.5M | ||
| Q1 25 | $-14.0M | $19.0M | ||
| Q4 24 | $30.9M | $46.3M | ||
| Q3 24 | $53.6M | $48.3M | ||
| Q2 24 | $-9.3M | $23.1M | ||
| Q1 24 | $19.1M | $16.6M |
自由现金流率ECVTKAI
| Q4 25 | 11.5% | — | ||
| Q3 25 | 26.0% | 16.2% | ||
| Q2 25 | 4.4% | 14.3% | ||
| Q1 25 | -9.8% | 7.9% | ||
| Q4 24 | 20.7% | 17.9% | ||
| Q3 24 | 34.9% | 17.8% | ||
| Q2 24 | -6.1% | 8.4% | ||
| Q1 24 | 13.5% | 6.7% |
资本支出强度ECVTKAI
| Q4 25 | 9.4% | — | ||
| Q3 25 | 1.0% | 1.2% | ||
| Q2 25 | 14.4% | 1.6% | ||
| Q1 25 | 16.9% | 1.6% | ||
| Q4 24 | 8.5% | 2.2% | ||
| Q3 24 | 4.1% | 1.5% | ||
| Q2 24 | 12.5% | 1.8% | ||
| Q1 24 | 12.3% | 2.5% |
现金转化率ECVTKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | 5.52× | 1.55× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 4.21× | 1.66× | ||
| Q2 24 | 1.20× | 0.90× | ||
| Q1 24 | 29.90× | 0.92× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
