vs
Ecovyst Inc.（ECVT）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
Ecovyst Inc.的季度营收约是微策略的1.6倍（$199.4M vs $123.0M），Ecovyst Inc.同比增速更快（34.0% vs 1.9%），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 3.3%）
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。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
ECVT vs MSTR — 直观对比
营收规模更大
ECVT
是对方的1.6倍
$123.0M
营收增速更快
ECVT
高出32.1%
1.9%
两年增速更快
ECVT
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $123.0M |
| 净利润 | — | — |
| 毛利率 | 23.4% | 66.1% |
| 营业利润率 | 10.9% | — |
| 净利率 | — | — |
| 营收同比 | 34.0% | 1.9% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.06 | — |
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ECVTMSTR
| Q4 25 | $199.4M | $123.0M | ||
| Q3 25 | $204.9M | $128.7M | ||
| Q2 25 | $176.1M | $114.5M | ||
| Q1 25 | $143.1M | $111.1M | ||
| Q4 24 | $148.9M | $120.7M | ||
| Q3 24 | $153.9M | $116.1M | ||
| Q2 24 | $154.0M | $111.4M | ||
| Q1 24 | $141.6M | $115.2M |
净利润ECVTMSTR
| Q4 25 | — | — | ||
| Q3 25 | $-79.3M | $2.8B | ||
| Q2 25 | $6.0M | $10.0B | ||
| Q1 25 | $-3.6M | $-4.2B | ||
| Q4 24 | — | $-670.8M | ||
| Q3 24 | $14.3M | $-340.2M | ||
| Q2 24 | $8.3M | $-102.6M | ||
| Q1 24 | $1.2M | $-53.1M |
毛利率ECVTMSTR
| Q4 25 | 23.4% | 66.1% | ||
| Q3 25 | 25.4% | 70.5% | ||
| Q2 25 | 22.8% | 68.8% | ||
| Q1 25 | 13.3% | 69.4% | ||
| Q4 24 | 28.9% | 71.7% | ||
| Q3 24 | 29.3% | 70.4% | ||
| Q2 24 | 27.3% | 72.2% | ||
| Q1 24 | 23.5% | 74.0% |
营业利润率ECVTMSTR
| Q4 25 | 10.9% | — | ||
| Q3 25 | 13.8% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | -0.7% | -5331.4% | ||
| Q4 24 | 15.1% | -842.1% | ||
| Q3 24 | 17.9% | -372.7% | ||
| Q2 24 | 14.1% | -179.7% | ||
| Q1 24 | 9.5% | -176.8% |
净利率ECVTMSTR
| Q4 25 | — | — | ||
| Q3 25 | -38.7% | 2164.1% | ||
| Q2 25 | 3.4% | 8752.7% | ||
| Q1 25 | -2.5% | -3797.2% | ||
| Q4 24 | — | -555.8% | ||
| Q3 24 | 9.3% | -293.1% | ||
| Q2 24 | 5.4% | -92.0% | ||
| Q1 24 | 0.9% | -46.1% |
每股收益（稀释后）ECVTMSTR
| Q4 25 | $0.06 | — | ||
| Q3 25 | $-0.69 | $8.42 | ||
| Q2 25 | $0.05 | $32.60 | ||
| Q1 25 | $-0.03 | $-16.49 | ||
| Q4 24 | $-0.26 | $4.49 | ||
| Q3 24 | $0.12 | $-1.72 | ||
| Q2 24 | $0.07 | $-0.57 | ||
| Q1 24 | $0.01 | $-0.31 |
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 | $2.3B |
| 总债务越低越好 | $392.6M | $8.2B |
| 股东权益账面价值 | $603.4M | $44.1B |
| 总资产 | $1.3B | $61.6B |
| 负债/权益比越低杠杆越低 | 0.65× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资ECVTMSTR
| Q4 25 | $197.2M | $2.3B | ||
| Q3 25 | $82.0M | $54.3M | ||
| Q2 25 | $69.6M | $50.1M | ||
| Q1 25 | $127.5M | $60.3M | ||
| Q4 24 | $131.4M | $38.1M | ||
| Q3 24 | $123.5M | $46.3M | ||
| Q2 24 | $83.3M | $66.9M | ||
| Q1 24 | $103.1M | $81.3M |
总债务ECVTMSTR
| Q4 25 | $392.6M | $8.2B | ||
| Q3 25 | $854.8M | $8.2B | ||
| Q2 25 | $856.6M | $8.2B | ||
| Q1 25 | $859.0M | $8.1B | ||
| Q4 24 | $860.8M | $7.2B | ||
| Q3 24 | $862.7M | $4.2B | ||
| Q2 24 | $862.4M | $3.8B | ||
| Q1 24 | $866.2M | $3.6B |
股东权益ECVTMSTR
| Q4 25 | $603.4M | $44.1B | ||
| Q3 25 | $607.9M | $52.3B | ||
| Q2 25 | $692.4M | $47.5B | ||
| Q1 25 | $698.7M | $32.2B | ||
| Q4 24 | $700.5M | $18.2B | ||
| Q3 24 | $729.4M | $3.8B | ||
| Q2 24 | $717.3M | $2.8B | ||
| Q1 24 | $711.4M | $2.4B |
总资产ECVTMSTR
| Q4 25 | $1.3B | $61.6B | ||
| Q3 25 | $1.7B | $73.6B | ||
| Q2 25 | $1.8B | $64.8B | ||
| Q1 25 | $1.8B | $43.9B | ||
| Q4 24 | $1.8B | $25.8B | ||
| Q3 24 | $1.8B | $8.3B | ||
| Q2 24 | $1.8B | $7.1B | ||
| Q1 24 | $1.8B | $6.4B |
负债/权益比ECVTMSTR
| Q4 25 | 0.65× | 0.19× | ||
| Q3 25 | 1.41× | 0.16× | ||
| Q2 25 | 1.24× | 0.17× | ||
| Q1 25 | 1.23× | 0.25× | ||
| Q4 24 | 1.23× | 0.39× | ||
| Q3 24 | 1.18× | 1.12× | ||
| Q2 24 | 1.20× | 1.36× | ||
| Q1 24 | 1.22× | 1.48× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $22.9M | — |
| 自由现金流率自由现金流/营收 | 11.5% | — |
| 资本支出强度资本支出/营收 | 9.4% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ECVTMSTR
| Q4 25 | $41.8M | — | ||
| Q3 25 | $55.3M | $-8.3M | ||
| Q2 25 | $33.0M | $-34.9M | ||
| Q1 25 | $10.3M | $-2.4M | ||
| Q4 24 | $43.5M | $-17.3M | ||
| Q3 24 | $59.9M | $-41.0M | ||
| Q2 24 | $10.0M | $-23.3M | ||
| Q1 24 | $36.5M | $28.6M |
自由现金流ECVTMSTR
| Q4 25 | $22.9M | — | ||
| Q3 25 | $53.2M | $-11.1M | ||
| Q2 25 | $7.8M | $-37.0M | ||
| Q1 25 | $-14.0M | $-5.1M | ||
| Q4 24 | $30.9M | $-17.6M | ||
| Q3 24 | $53.6M | $-41.4M | ||
| Q2 24 | $-9.3M | $-24.1M | ||
| Q1 24 | $19.1M | $27.0M |
自由现金流率ECVTMSTR
| Q4 25 | 11.5% | — | ||
| Q3 25 | 26.0% | -8.6% | ||
| Q2 25 | 4.4% | -32.3% | ||
| Q1 25 | -9.8% | -4.6% | ||
| Q4 24 | 20.7% | -14.6% | ||
| Q3 24 | 34.9% | -35.7% | ||
| Q2 24 | -6.1% | -21.6% | ||
| Q1 24 | 13.5% | 23.5% |
资本支出强度ECVTMSTR
| Q4 25 | 9.4% | — | ||
| Q3 25 | 1.0% | 2.2% | ||
| Q2 25 | 14.4% | 1.8% | ||
| Q1 25 | 16.9% | 2.5% | ||
| Q4 24 | 8.5% | 0.2% | ||
| Q3 24 | 4.1% | 0.4% | ||
| Q2 24 | 12.5% | 0.6% | ||
| Q1 24 | 12.3% | 1.3% |
现金转化率ECVTMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | -0.00× | ||
| Q2 25 | 5.52× | -0.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% |
MSTR
暂无分部数据
