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Ecovyst Inc.（ECVT）与Mayville Engineering Company, Inc.（MEC）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Mayville Engineering Company, Inc.的1.5倍（$199.4M vs $134.3M），Ecovyst Inc.同比增速更快（34.0% vs 10.7%），Ecovyst Inc.自由现金流更多（$22.9M vs $10.2M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs -8.8%）
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。
Mayville Engineering Company（MEC）是总部位于美国的领先金属零部件、装配组件及定制工程解决方案供应商，主要服务农业、建筑、商用运输、国防、动力运动等领域的原始设备制造商客户，提供从原型开发到大规模量产的全流程服务。
ECVT vs MEC — 直观对比
营收规模更大
ECVT
是对方的1.5倍
$134.3M
营收增速更快
ECVT
高出23.3%
10.7%
自由现金流更多
ECVT
多$12.8M
$10.2M
两年增速更快
ECVT
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $134.3M |
| 净利润 | — | $-4.4M |
| 毛利率 | 23.4% | 6.8% |
| 营业利润率 | 10.9% | -4.1% |
| 净利率 | — | -3.2% |
| 营收同比 | 34.0% | 10.7% |
| 净利润同比 | — | -127.3% |
| 每股收益（稀释后） | $0.06 | $-0.22 |
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ECVTMEC
| Q4 25 | $199.4M | $134.3M | ||
| Q3 25 | $204.9M | $144.3M | ||
| Q2 25 | $176.1M | $132.3M | ||
| Q1 25 | $143.1M | $135.6M | ||
| Q4 24 | $148.9M | $121.3M | ||
| Q3 24 | $153.9M | $135.4M | ||
| Q2 24 | $154.0M | $163.6M | ||
| Q1 24 | $141.6M | $161.3M |
净利润ECVTMEC
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $-79.3M | $-2.7M | ||
| Q2 25 | $6.0M | $-1.1M | ||
| Q1 25 | $-3.6M | $20.0K | ||
| Q4 24 | — | $16.0M | ||
| Q3 24 | $14.3M | $3.0M | ||
| Q2 24 | $8.3M | $3.8M | ||
| Q1 24 | $1.2M | $3.2M |
毛利率ECVTMEC
| Q4 25 | 23.4% | 6.8% | ||
| Q3 25 | 25.4% | 11.0% | ||
| Q2 25 | 22.8% | 10.3% | ||
| Q1 25 | 13.3% | 11.3% | ||
| Q4 24 | 28.9% | 8.9% | ||
| Q3 24 | 29.3% | 12.6% | ||
| Q2 24 | 27.3% | 13.6% | ||
| Q1 24 | 23.5% | 13.0% |
营业利润率ECVTMEC
| Q4 25 | 10.9% | -4.1% | ||
| Q3 25 | 13.8% | 0.0% | ||
| Q2 25 | 9.0% | 0.1% | ||
| Q1 25 | -0.7% | 1.2% | ||
| Q4 24 | 15.1% | 19.0% | ||
| Q3 24 | 17.9% | 4.2% | ||
| Q2 24 | 14.1% | 5.0% | ||
| Q1 24 | 9.5% | 4.7% |
净利率ECVTMEC
| Q4 25 | — | -3.2% | ||
| Q3 25 | -38.7% | -1.9% | ||
| Q2 25 | 3.4% | -0.8% | ||
| Q1 25 | -2.5% | 0.0% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 9.3% | 2.2% | ||
| Q2 24 | 5.4% | 2.3% | ||
| Q1 24 | 0.9% | 2.0% |
每股收益（稀释后）ECVTMEC
| Q4 25 | $0.06 | $-0.22 | ||
| Q3 25 | $-0.69 | $-0.13 | ||
| Q2 25 | $0.05 | $-0.05 | ||
| Q1 25 | $-0.03 | $0.00 | ||
| Q4 24 | $-0.26 | $0.76 | ||
| Q3 24 | $0.12 | $0.14 | ||
| Q2 24 | $0.07 | $0.18 | ||
| Q1 24 | $0.01 | $0.16 |
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 | $1.5M |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $240.7M |
| 总资产 | $1.3B | $563.6M |
| 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ECVTMEC
| Q4 25 | $197.2M | $1.5M | ||
| Q3 25 | $82.0M | $1.2M | ||
| Q2 25 | $69.6M | $206.0K | ||
| Q1 25 | $127.5M | $183.0K | ||
| Q4 24 | $131.4M | $206.0K | ||
| Q3 24 | $123.5M | $178.0K | ||
| Q2 24 | $83.3M | $314.0K | ||
| Q1 24 | $103.1M | $314.0K |
总债务ECVTMEC
| 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ECVTMEC
| Q4 25 | $603.4M | $240.7M | ||
| Q3 25 | $607.9M | $244.8M | ||
| Q2 25 | $692.4M | $246.8M | ||
| Q1 25 | $698.7M | $250.0M | ||
| Q4 24 | $700.5M | $251.8M | ||
| Q3 24 | $729.4M | $238.4M | ||
| Q2 24 | $717.3M | $238.1M | ||
| Q1 24 | $711.4M | $234.0M |
总资产ECVTMEC
| Q4 25 | $1.3B | $563.6M | ||
| Q3 25 | $1.7B | $585.6M | ||
| Q2 25 | $1.8B | $433.7M | ||
| Q1 25 | $1.8B | $447.7M | ||
| Q4 24 | $1.8B | $445.6M | ||
| Q3 24 | $1.8B | $466.0M | ||
| Q2 24 | $1.8B | $488.2M | ||
| Q1 24 | $1.8B | $499.9M |
负债/权益比ECVTMEC
| 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 | $13.4M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $10.2M |
| 自由现金流率自由现金流/营收 | 11.5% | 7.6% |
| 资本支出强度资本支出/营收 | 9.4% | 2.4% |
| 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 | $26.9M |
8季度趋势，按日历期对齐
经营现金流ECVTMEC
| Q4 25 | $41.8M | $13.4M | ||
| Q3 25 | $55.3M | $1.9M | ||
| Q2 25 | $33.0M | $15.0M | ||
| Q1 25 | $10.3M | $8.3M | ||
| Q4 24 | $43.5M | $38.0M | ||
| Q3 24 | $59.9M | $17.9M | ||
| Q2 24 | $10.0M | $23.3M | ||
| Q1 24 | $36.5M | $10.6M |
自由现金流ECVTMEC
| Q4 25 | $22.9M | $10.2M | ||
| Q3 25 | $53.2M | $-1.1M | ||
| Q2 25 | $7.8M | $12.5M | ||
| Q1 25 | $-14.0M | $5.4M | ||
| Q4 24 | $30.9M | $35.6M | ||
| Q3 24 | $53.6M | $15.1M | ||
| Q2 24 | $-9.3M | $19.2M | ||
| Q1 24 | $19.1M | $7.8M |
自由现金流率ECVTMEC
| Q4 25 | 11.5% | 7.6% | ||
| Q3 25 | 26.0% | -0.8% | ||
| Q2 25 | 4.4% | 9.5% | ||
| Q1 25 | -9.8% | 4.0% | ||
| Q4 24 | 20.7% | 29.4% | ||
| Q3 24 | 34.9% | 11.1% | ||
| Q2 24 | -6.1% | 11.7% | ||
| Q1 24 | 13.5% | 4.9% |
资本支出强度ECVTMEC
| Q4 25 | 9.4% | 2.4% | ||
| Q3 25 | 1.0% | 2.1% | ||
| Q2 25 | 14.4% | 1.8% | ||
| Q1 25 | 16.9% | 2.2% | ||
| Q4 24 | 8.5% | 1.9% | ||
| Q3 24 | 4.1% | 2.1% | ||
| Q2 24 | 12.5% | 2.5% | ||
| Q1 24 | 12.3% | 1.7% |
现金转化率ECVTMEC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.52× | — | ||
| Q1 25 | — | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | 4.21× | 6.03× | ||
| Q2 24 | 1.20× | 6.15× | ||
| Q1 24 | 29.90× | 3.28× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
