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Ecovyst Inc.（ECVT）与PAMT CORP（PAMT）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PAMT CORP的1.4倍（$199.4M vs $141.3M），Ecovyst Inc.同比增速更快（34.0% vs -15.1%），Ecovyst Inc.自由现金流更多（$22.9M vs $-25.0M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs -12.0%）
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。
ECVT vs PAMT — 直观对比
营收规模更大
ECVT
是对方的1.4倍
$141.3M
营收增速更快
ECVT
高出49.1%
-15.1%
自由现金流更多
ECVT
多$47.9M
$-25.0M
两年增速更快
ECVT
近两年复合增速
-12.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $141.3M |
| 净利润 | — | $-29.3M |
| 毛利率 | 23.4% | — |
| 营业利润率 | 10.9% | -27.0% |
| 净利率 | — | -20.7% |
| 营收同比 | 34.0% | -15.1% |
| 净利润同比 | — | 7.4% |
| 每股收益（稀释后） | $0.06 | $-1.38 |
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ECVTPAMT
| Q4 25 | $199.4M | $141.3M | ||
| Q3 25 | $204.9M | $150.3M | ||
| Q2 25 | $176.1M | $151.1M | ||
| Q1 25 | $143.1M | $155.3M | ||
| Q4 24 | $148.9M | $166.5M | ||
| Q3 24 | $153.9M | $182.6M | ||
| Q2 24 | $154.0M | $182.9M | ||
| Q1 24 | $141.6M | $182.6M |
净利润ECVTPAMT
| Q4 25 | — | $-29.3M | ||
| Q3 25 | $-79.3M | $-5.6M | ||
| Q2 25 | $6.0M | $-9.6M | ||
| Q1 25 | $-3.6M | $-8.1M | ||
| Q4 24 | — | $-31.6M | ||
| Q3 24 | $14.3M | $2.4M | ||
| Q2 24 | $8.3M | $-2.9M | ||
| Q1 24 | $1.2M | $281.0K |
毛利率ECVTPAMT
| Q4 25 | 23.4% | — | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 29.3% | — | ||
| Q2 24 | 27.3% | — | ||
| Q1 24 | 23.5% | — |
营业利润率ECVTPAMT
| Q4 25 | 10.9% | -27.0% | ||
| Q3 25 | 13.8% | -3.8% | ||
| Q2 25 | 9.0% | -7.3% | ||
| Q1 25 | -0.7% | -5.9% | ||
| Q4 24 | 15.1% | -22.6% | ||
| Q3 24 | 17.9% | 1.3% | ||
| Q2 24 | 14.1% | -0.4% | ||
| Q1 24 | 9.5% | -0.4% |
净利率ECVTPAMT
| Q4 25 | — | -20.7% | ||
| Q3 25 | -38.7% | -3.7% | ||
| Q2 25 | 3.4% | -6.4% | ||
| Q1 25 | -2.5% | -5.2% | ||
| Q4 24 | — | -19.0% | ||
| Q3 24 | 9.3% | 1.3% | ||
| Q2 24 | 5.4% | -1.6% | ||
| Q1 24 | 0.9% | 0.2% |
每股收益（稀释后）ECVTPAMT
| Q4 25 | $0.06 | $-1.38 | ||
| Q3 25 | $-0.69 | $-0.27 | ||
| Q2 25 | $0.05 | $-0.46 | ||
| Q1 25 | $-0.03 | $-0.37 | ||
| Q4 24 | $-0.26 | $-1.44 | ||
| Q3 24 | $0.12 | $0.11 | ||
| Q2 24 | $0.07 | $-0.13 | ||
| Q1 24 | $0.01 | $0.01 |
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 | $83.7M |
| 总债务越低越好 | $392.6M | $333.9M |
| 股东权益账面价值 | $603.4M | $210.5M |
| 总资产 | $1.3B | $697.9M |
| 负债/权益比越低杠杆越低 | 0.65× | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资ECVTPAMT
| Q4 25 | $197.2M | $83.7M | ||
| Q3 25 | $82.0M | $115.6M | ||
| Q2 25 | $69.6M | $117.3M | ||
| Q1 25 | $127.5M | $102.7M | ||
| Q4 24 | $131.4M | $110.7M | ||
| Q3 24 | $123.5M | $92.3M | ||
| Q2 24 | $83.3M | $114.0M | ||
| Q1 24 | $103.1M | $125.8M |
总债务ECVTPAMT
| Q4 25 | $392.6M | $333.9M | ||
| Q3 25 | $854.8M | — | ||
| Q2 25 | $856.6M | — | ||
| Q1 25 | $859.0M | — | ||
| Q4 24 | $860.8M | $325.6M | ||
| Q3 24 | $862.7M | — | ||
| Q2 24 | $862.4M | — | ||
| Q1 24 | $866.2M | — |
股东权益ECVTPAMT
| Q4 25 | $603.4M | $210.5M | ||
| Q3 25 | $607.9M | $239.5M | ||
| Q2 25 | $692.4M | $244.9M | ||
| Q1 25 | $698.7M | $269.6M | ||
| Q4 24 | $700.5M | $277.5M | ||
| Q3 24 | $729.4M | $308.9M | ||
| Q2 24 | $717.3M | $306.7M | ||
| Q1 24 | $711.4M | $314.6M |
总资产ECVTPAMT
| Q4 25 | $1.3B | $697.9M | ||
| Q3 25 | $1.7B | $715.2M | ||
| Q2 25 | $1.8B | $707.9M | ||
| Q1 25 | $1.8B | $712.6M | ||
| Q4 24 | $1.8B | $741.7M | ||
| Q3 24 | $1.8B | $756.7M | ||
| Q2 24 | $1.8B | $733.5M | ||
| Q1 24 | $1.8B | $746.4M |
负债/权益比ECVTPAMT
| Q4 25 | 0.65× | 1.59× | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.23× | 1.17× | ||
| 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 | $-5.8M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $-25.0M |
| 自由现金流率自由现金流/营收 | 11.5% | -17.7% |
| 资本支出强度资本支出/营收 | 9.4% | 13.6% |
| 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 | $-23.4M |
8季度趋势，按日历期对齐
经营现金流ECVTPAMT
| Q4 25 | $41.8M | $-5.8M | ||
| Q3 25 | $55.3M | $5.9M | ||
| Q2 25 | $33.0M | $12.2M | ||
| Q1 25 | $10.3M | $5.0M | ||
| Q4 24 | $43.5M | $15.2M | ||
| Q3 24 | $59.9M | $15.5M | ||
| Q2 24 | $10.0M | $18.7M | ||
| Q1 24 | $36.5M | $9.6M |
自由现金流ECVTPAMT
| Q4 25 | $22.9M | $-25.0M | ||
| Q3 25 | $53.2M | $2.5M | ||
| Q2 25 | $7.8M | $5.9M | ||
| Q1 25 | $-14.0M | $-6.8M | ||
| Q4 24 | $30.9M | $-39.9M | ||
| Q3 24 | $53.6M | $-33.6M | ||
| Q2 24 | $-9.3M | $4.1M | ||
| Q1 24 | $19.1M | $-12.2M |
自由现金流率ECVTPAMT
| Q4 25 | 11.5% | -17.7% | ||
| Q3 25 | 26.0% | 1.7% | ||
| Q2 25 | 4.4% | 3.9% | ||
| Q1 25 | -9.8% | -4.4% | ||
| Q4 24 | 20.7% | -24.0% | ||
| Q3 24 | 34.9% | -18.4% | ||
| Q2 24 | -6.1% | 2.2% | ||
| Q1 24 | 13.5% | -6.7% |
资本支出强度ECVTPAMT
| Q4 25 | 9.4% | 13.6% | ||
| Q3 25 | 1.0% | 2.3% | ||
| Q2 25 | 14.4% | 4.2% | ||
| Q1 25 | 16.9% | 7.6% | ||
| Q4 24 | 8.5% | 33.1% | ||
| Q3 24 | 4.1% | 26.9% | ||
| Q2 24 | 12.5% | 8.0% | ||
| Q1 24 | 12.3% | 12.0% |
现金转化率ECVTPAMT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.21× | 6.44× | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 29.90× | 34.11× |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
