vs
Ecovyst Inc.（ECVT）与MALIBU BOATS, INC.（MBUU）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MALIBU BOATS, INC.的1.1倍（$199.4M vs $188.6M），Ecovyst Inc.同比增速更快（34.0% vs -5.8%），Ecovyst Inc.自由现金流更多（$22.9M vs $8.2M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs -3.7%）
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。
马里布游艇是美国休闲游艇制造商，1982年创立于加利福尼亚州默塞德，现总部位于田纳西州洛登，在澳大利亚新南威尔士州也设有生产基地。它是全球最大的水上运动拖船制造商，产品可供休闲使用，也应用于滑水、尾波滑板等各类赛事活动。
ECVT vs MBUU — 直观对比
营收规模更大
ECVT
是对方的1.1倍
$188.6M
营收增速更快
ECVT
高出39.8%
-5.8%
自由现金流更多
ECVT
多$14.7M
$8.2M
两年增速更快
ECVT
近两年复合增速
-3.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $188.6M |
| 净利润 | — | $-2.5M |
| 毛利率 | 23.4% | 13.3% |
| 营业利润率 | 10.9% | -1.9% |
| 净利率 | — | -1.3% |
| 营收同比 | 34.0% | -5.8% |
| 净利润同比 | — | -204.2% |
| 每股收益（稀释后） | $0.06 | $-0.13 |
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ECVTMBUU
| Q4 25 | $199.4M | $188.6M | ||
| Q3 25 | $204.9M | $194.7M | ||
| Q2 25 | $176.1M | $207.0M | ||
| Q1 25 | $143.1M | $228.7M | ||
| Q4 24 | $148.9M | $200.3M | ||
| Q3 24 | $153.9M | $171.6M | ||
| Q2 24 | $154.0M | $158.7M | ||
| Q1 24 | $141.6M | $203.4M |
净利润ECVTMBUU
| Q4 25 | — | $-2.5M | ||
| Q3 25 | $-79.3M | $-702.0K | ||
| Q2 25 | $6.0M | $4.7M | ||
| Q1 25 | $-3.6M | $12.9M | ||
| Q4 24 | — | $2.4M | ||
| Q3 24 | $14.3M | $-5.0M | ||
| Q2 24 | $8.3M | $-19.2M | ||
| Q1 24 | $1.2M | $-66.8M |
毛利率ECVTMBUU
| Q4 25 | 23.4% | 13.3% | ||
| Q3 25 | 25.4% | 14.3% | ||
| Q2 25 | 22.8% | 15.8% | ||
| Q1 25 | 13.3% | 20.0% | ||
| Q4 24 | 28.9% | 18.7% | ||
| Q3 24 | 29.3% | 16.4% | ||
| Q2 24 | 27.3% | 7.9% | ||
| Q1 24 | 23.5% | 19.8% |
营业利润率ECVTMBUU
| Q4 25 | 10.9% | -1.9% | ||
| Q3 25 | 13.8% | -0.4% | ||
| Q2 25 | 9.0% | 3.3% | ||
| Q1 25 | -0.7% | 7.6% | ||
| Q4 24 | 15.1% | 1.6% | ||
| Q3 24 | 17.9% | -3.3% | ||
| Q2 24 | 14.1% | -15.4% | ||
| Q1 24 | 9.5% | -36.8% |
净利率ECVTMBUU
| Q4 25 | — | -1.3% | ||
| Q3 25 | -38.7% | -0.4% | ||
| Q2 25 | 3.4% | 2.3% | ||
| Q1 25 | -2.5% | 5.6% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | 9.3% | -2.9% | ||
| Q2 24 | 5.4% | -12.1% | ||
| Q1 24 | 0.9% | -32.9% |
每股收益（稀释后）ECVTMBUU
| Q4 25 | $0.06 | $-0.13 | ||
| Q3 25 | $-0.69 | $-0.04 | ||
| Q2 25 | $0.05 | $0.23 | ||
| Q1 25 | $-0.03 | $0.66 | ||
| Q4 24 | $-0.26 | $0.12 | ||
| Q3 24 | $0.12 | $-0.25 | ||
| Q2 24 | $0.07 | $-0.93 | ||
| Q1 24 | $0.01 | $-3.28 |
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 | $28.2M |
| 总债务越低越好 | $392.6M | $20.0M |
| 股东权益账面价值 | $603.4M | $495.0M |
| 总资产 | $1.3B | $715.7M |
| 负债/权益比越低杠杆越低 | 0.65× | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资ECVTMBUU
| Q4 25 | $197.2M | $28.2M | ||
| Q3 25 | $82.0M | $44.1M | ||
| Q2 25 | $69.6M | $37.0M | ||
| Q1 25 | $127.5M | $38.7M | ||
| Q4 24 | $131.4M | $35.1M | ||
| Q3 24 | $123.5M | $27.7M | ||
| Q2 24 | $83.3M | $26.9M | ||
| Q1 24 | $103.1M | $47.1M |
总债务ECVTMBUU
| Q4 25 | $392.6M | $20.0M | ||
| Q3 25 | $854.8M | $23.0M | ||
| Q2 25 | $856.6M | $18.0M | ||
| Q1 25 | $859.0M | $28.0M | ||
| Q4 24 | $860.8M | $23.0M | ||
| Q3 24 | $862.7M | $28.0M | ||
| Q2 24 | $862.4M | $0 | ||
| Q1 24 | $866.2M | $15.0M |
股东权益ECVTMBUU
| Q4 25 | $603.4M | $495.0M | ||
| Q3 25 | $607.9M | $516.4M | ||
| Q2 25 | $692.4M | $515.5M | ||
| Q1 25 | $698.7M | $513.0M | ||
| Q4 24 | $700.5M | $509.8M | ||
| Q3 24 | $729.4M | $517.7M | ||
| Q2 24 | $717.3M | $530.0M | ||
| Q1 24 | $711.4M | $557.2M |
总资产ECVTMBUU
| Q4 25 | $1.3B | $715.7M | ||
| Q3 25 | $1.7B | $755.6M | ||
| Q2 25 | $1.8B | $734.6M | ||
| Q1 25 | $1.8B | $758.8M | ||
| Q4 24 | $1.8B | $738.7M | ||
| Q3 24 | $1.8B | $759.1M | ||
| Q2 24 | $1.8B | $739.6M | ||
| Q1 24 | $1.8B | $797.6M |
负债/权益比ECVTMBUU
| Q4 25 | 0.65× | 0.04× | ||
| Q3 25 | 1.41× | 0.04× | ||
| Q2 25 | 1.24× | 0.03× | ||
| Q1 25 | 1.23× | 0.05× | ||
| Q4 24 | 1.23× | 0.05× | ||
| Q3 24 | 1.18× | 0.05× | ||
| Q2 24 | 1.20× | 0.00× | ||
| Q1 24 | 1.22× | 0.03× |
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 | $12.6M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $8.2M |
| 自由现金流率自由现金流/营收 | 11.5% | 4.4% |
| 资本支出强度资本支出/营收 | 9.4% | 2.3% |
| 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 | $33.3M |
8季度趋势，按日历期对齐
经营现金流ECVTMBUU
| Q4 25 | $41.8M | $12.6M | ||
| Q3 25 | $55.3M | $6.5M | ||
| Q2 25 | $33.0M | $21.0M | ||
| Q1 25 | $10.3M | $15.5M | ||
| Q4 24 | $43.5M | $28.4M | ||
| Q3 24 | $59.9M | $-8.4M | ||
| Q2 24 | $10.0M | $16.3M | ||
| Q1 24 | $36.5M | $23.5M |
自由现金流ECVTMBUU
| Q4 25 | $22.9M | $8.2M | ||
| Q3 25 | $53.2M | $2.2M | ||
| Q2 25 | $7.8M | $14.1M | ||
| Q1 25 | $-14.0M | $8.8M | ||
| Q4 24 | $30.9M | $22.8M | ||
| Q3 24 | $53.6M | $-17.0M | ||
| Q2 24 | $-9.3M | $4.5M | ||
| Q1 24 | $19.1M | $11.5M |
自由现金流率ECVTMBUU
| Q4 25 | 11.5% | 4.4% | ||
| Q3 25 | 26.0% | 1.1% | ||
| Q2 25 | 4.4% | 6.8% | ||
| Q1 25 | -9.8% | 3.8% | ||
| Q4 24 | 20.7% | 11.4% | ||
| Q3 24 | 34.9% | -9.9% | ||
| Q2 24 | -6.1% | 2.8% | ||
| Q1 24 | 13.5% | 5.7% |
资本支出强度ECVTMBUU
| Q4 25 | 9.4% | 2.3% | ||
| Q3 25 | 1.0% | 2.2% | ||
| Q2 25 | 14.4% | 3.4% | ||
| Q1 25 | 16.9% | 2.9% | ||
| Q4 24 | 8.5% | 2.8% | ||
| Q3 24 | 4.1% | 5.0% | ||
| Q2 24 | 12.5% | 7.5% | ||
| Q1 24 | 12.3% | 5.9% |
现金转化率ECVTMBUU
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.52× | 4.50× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 12.02× | ||
| Q3 24 | 4.21× | — | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 29.90× | — |
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% |
MBUU
| Boatand Trailer Sales | $68.1M | 36% |
| Saltwater Fishing | $65.3M | 35% |
| Cobalt | $52.6M | 28% |
| Part And Other Sales | $2.6M | 1% |
