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Ecovyst Inc.（ECVT）与Limbach Holdings, Inc.（LMB）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Limbach Holdings, Inc.的1.1倍（$199.4M vs $186.9M），Ecovyst Inc.同比增速更快（34.0% vs 30.1%），Limbach Holdings, Inc.自由现金流更多（$27.9M vs $22.9M），过去两年Limbach Holdings, Inc.的营收复合增速更高（25.3% 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。
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
ECVT vs LMB — 直观对比
营收规模更大
ECVT
是对方的1.1倍
$186.9M
营收增速更快
ECVT
高出3.9%
30.1%
自由现金流更多
LMB
多$4.9M
$22.9M
两年增速更快
LMB
近两年复合增速
18.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $186.9M |
| 净利润 | — | $12.3M |
| 毛利率 | 23.4% | 25.7% |
| 营业利润率 | 10.9% | 9.4% |
| 净利率 | — | 6.6% |
| 营收同比 | 34.0% | 30.1% |
| 净利润同比 | — | 25.0% |
| 每股收益（稀释后） | $0.06 | $1.01 |
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ECVTLMB
| Q4 25 | $199.4M | $186.9M | ||
| Q3 25 | $204.9M | $184.6M | ||
| Q2 25 | $176.1M | $142.2M | ||
| Q1 25 | $143.1M | $133.1M | ||
| Q4 24 | $148.9M | $143.7M | ||
| Q3 24 | $153.9M | $133.9M | ||
| Q2 24 | $154.0M | $122.2M | ||
| Q1 24 | $141.6M | $119.0M |
净利润ECVTLMB
| Q4 25 | — | $12.3M | ||
| Q3 25 | $-79.3M | $8.8M | ||
| Q2 25 | $6.0M | $7.8M | ||
| Q1 25 | $-3.6M | $10.2M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | $14.3M | $7.5M | ||
| Q2 24 | $8.3M | $6.0M | ||
| Q1 24 | $1.2M | $7.6M |
毛利率ECVTLMB
| Q4 25 | 23.4% | 25.7% | ||
| Q3 25 | 25.4% | 24.2% | ||
| Q2 25 | 22.8% | 28.0% | ||
| Q1 25 | 13.3% | 27.6% | ||
| Q4 24 | 28.9% | 30.3% | ||
| Q3 24 | 29.3% | 27.0% | ||
| Q2 24 | 27.3% | 27.4% | ||
| Q1 24 | 23.5% | 26.1% |
营业利润率ECVTLMB
| Q4 25 | 10.9% | 9.4% | ||
| Q3 25 | 13.8% | 7.2% | ||
| Q2 25 | 9.0% | 7.5% | ||
| Q1 25 | -0.7% | 5.9% | ||
| Q4 24 | 15.1% | 9.1% | ||
| Q3 24 | 17.9% | 8.1% | ||
| Q2 24 | 14.1% | 6.7% | ||
| Q1 24 | 9.5% | 5.5% |
净利率ECVTLMB
| Q4 25 | — | 6.6% | ||
| Q3 25 | -38.7% | 4.8% | ||
| Q2 25 | 3.4% | 5.5% | ||
| Q1 25 | -2.5% | 7.7% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | 9.3% | 5.6% | ||
| Q2 24 | 5.4% | 4.9% | ||
| Q1 24 | 0.9% | 6.4% |
每股收益（稀释后）ECVTLMB
| Q4 25 | $0.06 | $1.01 | ||
| Q3 25 | $-0.69 | $0.73 | ||
| Q2 25 | $0.05 | $0.64 | ||
| Q1 25 | $-0.03 | $0.85 | ||
| Q4 24 | $-0.26 | $0.81 | ||
| Q3 24 | $0.12 | $0.62 | ||
| Q2 24 | $0.07 | $0.50 | ||
| Q1 24 | $0.01 | $0.64 |
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 | $11.3M |
| 总债务越低越好 | $392.6M | $30.5M |
| 股东权益账面价值 | $603.4M | $195.7M |
| 总资产 | $1.3B | $381.1M |
| 负债/权益比越低杠杆越低 | 0.65× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资ECVTLMB
| Q4 25 | $197.2M | $11.3M | ||
| Q3 25 | $82.0M | $9.8M | ||
| Q2 25 | $69.6M | $38.9M | ||
| Q1 25 | $127.5M | $38.1M | ||
| Q4 24 | $131.4M | $44.9M | ||
| Q3 24 | $123.5M | $51.2M | ||
| Q2 24 | $83.3M | $59.5M | ||
| Q1 24 | $103.1M | $48.2M |
总债务ECVTLMB
| Q4 25 | $392.6M | $30.5M | ||
| Q3 25 | $854.8M | $56.3M | ||
| Q2 25 | $856.6M | $28.4M | ||
| Q1 25 | $859.0M | $23.7M | ||
| Q4 24 | $860.8M | $23.6M | ||
| Q3 24 | $862.7M | $20.5M | ||
| Q2 24 | $862.4M | $19.7M | ||
| Q1 24 | $866.2M | $19.4M |
股东权益ECVTLMB
| Q4 25 | $603.4M | $195.7M | ||
| Q3 25 | $607.9M | $181.6M | ||
| Q2 25 | $692.4M | $170.5M | ||
| Q1 25 | $698.7M | $161.1M | ||
| Q4 24 | $700.5M | $153.5M | ||
| Q3 24 | $729.4M | $142.2M | ||
| Q2 24 | $717.3M | $133.0M | ||
| Q1 24 | $711.4M | $125.5M |
总资产ECVTLMB
| Q4 25 | $1.3B | $381.1M | ||
| Q3 25 | $1.7B | $409.1M | ||
| Q2 25 | $1.8B | $343.0M | ||
| Q1 25 | $1.8B | $336.4M | ||
| Q4 24 | $1.8B | $352.1M | ||
| Q3 24 | $1.8B | $324.4M | ||
| Q2 24 | $1.8B | $303.9M | ||
| Q1 24 | $1.8B | $289.2M |
负债/权益比ECVTLMB
| Q4 25 | 0.65× | 0.16× | ||
| Q3 25 | 1.41× | 0.31× | ||
| Q2 25 | 1.24× | 0.17× | ||
| Q1 25 | 1.23× | 0.15× | ||
| Q4 24 | 1.23× | 0.15× | ||
| Q3 24 | 1.18× | 0.14× | ||
| Q2 24 | 1.20× | 0.15× | ||
| Q1 24 | 1.22× | 0.15× |
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 | $28.1M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $27.9M |
| 自由现金流率自由现金流/营收 | 11.5% | 14.9% |
| 资本支出强度资本支出/营收 | 9.4% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 2.29× |
| 过去12个月自由现金流最近4个季度 | $69.9M | $41.9M |
8季度趋势，按日历期对齐
经营现金流ECVTLMB
| Q4 25 | $41.8M | $28.1M | ||
| Q3 25 | $55.3M | $13.3M | ||
| Q2 25 | $33.0M | $2.0M | ||
| Q1 25 | $10.3M | $2.2M | ||
| Q4 24 | $43.5M | $19.3M | ||
| Q3 24 | $59.9M | $4.9M | ||
| Q2 24 | $10.0M | $16.5M | ||
| Q1 24 | $36.5M | $-3.9M |
自由现金流ECVTLMB
| Q4 25 | $22.9M | $27.9M | ||
| Q3 25 | $53.2M | $12.8M | ||
| Q2 25 | $7.8M | $1.2M | ||
| Q1 25 | $-14.0M | $11.0K | ||
| Q4 24 | $30.9M | $18.0M | ||
| Q3 24 | $53.6M | $4.6M | ||
| Q2 24 | $-9.3M | $13.2M | ||
| Q1 24 | $19.1M | $-6.5M |
自由现金流率ECVTLMB
| Q4 25 | 11.5% | 14.9% | ||
| Q3 25 | 26.0% | 7.0% | ||
| Q2 25 | 4.4% | 0.8% | ||
| Q1 25 | -9.8% | 0.0% | ||
| Q4 24 | 20.7% | 12.5% | ||
| Q3 24 | 34.9% | 3.4% | ||
| Q2 24 | -6.1% | 10.8% | ||
| Q1 24 | 13.5% | -5.5% |
资本支出强度ECVTLMB
| Q4 25 | 9.4% | 0.1% | ||
| Q3 25 | 1.0% | 0.3% | ||
| Q2 25 | 14.4% | 0.6% | ||
| Q1 25 | 16.9% | 1.7% | ||
| Q4 24 | 8.5% | 0.9% | ||
| Q3 24 | 4.1% | 0.3% | ||
| Q2 24 | 12.5% | 2.7% | ||
| Q1 24 | 12.3% | 2.1% |
现金转化率ECVTLMB
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | 5.52× | 0.26× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 4.21× | 0.66× | ||
| Q2 24 | 1.20× | 2.77× | ||
| Q1 24 | 29.90× | -0.52× |
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% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
