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Ecovyst Inc.（ECVT）与MACOM Technology Solutions Holdings, Inc.（MTSI）财务数据对比。点击上方公司名可切换其他公司
MACOM Technology Solutions Holdings, 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 24.5%），MACOM Technology Solutions Holdings, Inc.自由现金流更多（$30.0M vs $22.9M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% 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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
ECVT vs MTSI — 直观对比
营收规模更大
MTSI
是对方的1.4倍
$199.4M
营收增速更快
ECVT
高出9.4%
24.5%
自由现金流更多
MTSI
多$7.0M
$22.9M
两年增速更快
MTSI
近两年复合增速
18.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $271.6M |
| 净利润 | — | $48.8M |
| 毛利率 | 23.4% | 55.9% |
| 营业利润率 | 10.9% | 15.9% |
| 净利率 | — | 18.0% |
| 营收同比 | 34.0% | 24.5% |
| 净利润同比 | — | 129.1% |
| 每股收益（稀释后） | $0.06 | $0.64 |
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ECVTMTSI
| Q1 26 | — | $271.6M | ||
| Q4 25 | $199.4M | $261.2M | ||
| Q3 25 | $204.9M | $252.1M | ||
| Q2 25 | $176.1M | $235.9M | ||
| Q1 25 | $143.1M | $218.1M | ||
| Q4 24 | $148.9M | — | ||
| Q3 24 | $153.9M | $200.7M | ||
| Q2 24 | $154.0M | $190.5M |
净利润ECVTMTSI
| Q1 26 | — | $48.8M | ||
| Q4 25 | — | $45.1M | ||
| Q3 25 | $-79.3M | $36.5M | ||
| Q2 25 | $6.0M | $31.7M | ||
| Q1 25 | $-3.6M | $-167.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | $14.3M | $29.4M | ||
| Q2 24 | $8.3M | $19.9M |
毛利率ECVTMTSI
| Q1 26 | — | 55.9% | ||
| Q4 25 | 23.4% | 54.5% | ||
| Q3 25 | 25.4% | 55.3% | ||
| Q2 25 | 22.8% | 55.2% | ||
| Q1 25 | 13.3% | 53.7% | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 29.3% | 54.7% | ||
| Q2 24 | 27.3% | 53.2% |
营业利润率ECVTMTSI
| Q1 26 | — | 15.9% | ||
| Q4 25 | 10.9% | 15.2% | ||
| Q3 25 | 13.8% | 14.9% | ||
| Q2 25 | 9.0% | 14.8% | ||
| Q1 25 | -0.7% | 8.0% | ||
| Q4 24 | 15.1% | — | ||
| Q3 24 | 17.9% | 13.7% | ||
| Q2 24 | 14.1% | 10.4% |
净利率ECVTMTSI
| Q1 26 | — | 18.0% | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | -38.7% | 14.5% | ||
| Q2 25 | 3.4% | 13.4% | ||
| Q1 25 | -2.5% | -76.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 9.3% | 14.7% | ||
| Q2 24 | 5.4% | 10.5% |
每股收益（稀释后）ECVTMTSI
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.06 | $0.67 | ||
| Q3 25 | $-0.69 | $0.48 | ||
| Q2 25 | $0.05 | $0.42 | ||
| Q1 25 | $-0.03 | $-2.30 | ||
| Q4 24 | $-0.26 | — | ||
| Q3 24 | $0.12 | $0.40 | ||
| Q2 24 | $0.07 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $1.4B |
| 总资产 | $1.3B | $2.1B |
| 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ECVTMTSI
| Q1 26 | — | $768.5M | ||
| Q4 25 | $197.2M | $786.0M | ||
| Q3 25 | $82.0M | $735.2M | ||
| Q2 25 | $69.6M | $681.5M | ||
| Q1 25 | $127.5M | $656.5M | ||
| Q4 24 | $131.4M | — | ||
| Q3 24 | $123.5M | $581.9M | ||
| Q2 24 | $83.3M | $521.5M |
总债务ECVTMTSI
| Q1 26 | — | — | ||
| 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 | — |
股东权益ECVTMTSI
| Q1 26 | — | $1.4B | ||
| Q4 25 | $603.4M | $1.3B | ||
| Q3 25 | $607.9M | $1.3B | ||
| Q2 25 | $692.4M | $1.2B | ||
| Q1 25 | $698.7M | $1.2B | ||
| Q4 24 | $700.5M | — | ||
| Q3 24 | $729.4M | $1.1B | ||
| Q2 24 | $717.3M | $1.1B |
总资产ECVTMTSI
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.3B | $2.1B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.7B |
负债/权益比ECVTMTSI
| Q1 26 | — | — | ||
| 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× | — |
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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $30.0M |
| 自由现金流率自由现金流/营收 | 11.5% | 11.0% |
| 资本支出强度资本支出/营收 | 9.4% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | $69.9M | $161.5M |
8季度趋势，按日历期对齐
经营现金流ECVTMTSI
| Q1 26 | — | $42.9M | ||
| Q4 25 | $41.8M | $69.6M | ||
| Q3 25 | $55.3M | $60.4M | ||
| Q2 25 | $33.0M | $38.7M | ||
| Q1 25 | $10.3M | $66.7M | ||
| Q4 24 | $43.5M | — | ||
| Q3 24 | $59.9M | $62.3M | ||
| Q2 24 | $10.0M | $49.0M |
自由现金流ECVTMTSI
| Q1 26 | — | $30.0M | ||
| Q4 25 | $22.9M | $49.4M | ||
| Q3 25 | $53.2M | $51.6M | ||
| Q2 25 | $7.8M | $30.5M | ||
| Q1 25 | $-14.0M | $61.3M | ||
| Q4 24 | $30.9M | — | ||
| Q3 24 | $53.6M | $57.1M | ||
| Q2 24 | $-9.3M | $41.5M |
自由现金流率ECVTMTSI
| Q1 26 | — | 11.0% | ||
| Q4 25 | 11.5% | 18.9% | ||
| Q3 25 | 26.0% | 20.5% | ||
| Q2 25 | 4.4% | 12.9% | ||
| Q1 25 | -9.8% | 28.1% | ||
| Q4 24 | 20.7% | — | ||
| Q3 24 | 34.9% | 28.5% | ||
| Q2 24 | -6.1% | 21.8% |
资本支出强度ECVTMTSI
| Q1 26 | — | 4.8% | ||
| Q4 25 | 9.4% | 7.7% | ||
| Q3 25 | 1.0% | 3.5% | ||
| Q2 25 | 14.4% | 3.5% | ||
| Q1 25 | 16.9% | 2.4% | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 4.1% | 2.6% | ||
| Q2 24 | 12.5% | 3.9% |
现金转化率ECVTMTSI
| Q1 26 | — | 0.88× | ||
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | 5.52× | 1.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.21× | 2.12× | ||
| Q2 24 | 1.20× | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
