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Ecovyst Inc.（ECVT）与印度钢铁管理局（SAIL）财务数据对比。点击上方公司名可切换其他公司
印度钢铁管理局的季度营收约是Ecovyst Inc.的1.4倍（$281.9M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 6.7%），印度钢铁管理局自由现金流更多（$52.5M vs $22.9M）
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。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
ECVT vs SAIL — 直观对比
营收规模更大
SAIL
是对方的1.4倍
$199.4M
营收增速更快
ECVT
高出27.3%
6.7%
自由现金流更多
SAIL
多$29.6M
$22.9M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $281.9M |
| 净利润 | — | $-36.0M |
| 毛利率 | 23.4% | 66.3% |
| 营业利润率 | 10.9% | -14.8% |
| 净利率 | — | -12.8% |
| 营收同比 | 34.0% | 6.7% |
| 净利润同比 | — | -240.9% |
| 每股收益（稀释后） | $0.06 | $-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ECVTSAIL
| Q4 25 | $199.4M | $281.9M | ||
| Q3 25 | $204.9M | $264.4M | ||
| Q2 25 | $176.1M | $230.5M | ||
| Q1 25 | $143.1M | $240.1M | ||
| Q4 24 | $148.9M | — | ||
| Q3 24 | $153.9M | $198.6M | ||
| Q2 24 | $154.0M | $187.7M | ||
| Q1 24 | $141.6M | — |
净利润ECVTSAIL
| Q4 25 | — | $-36.0M | ||
| Q3 25 | $-79.3M | $-10.6M | ||
| Q2 25 | $6.0M | $-187.3M | ||
| Q1 25 | $-3.6M | $-80.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $14.3M | $-87.1M | ||
| Q2 24 | $8.3M | $-89.2M | ||
| Q1 24 | $1.2M | — |
毛利率ECVTSAIL
| Q4 25 | 23.4% | 66.3% | ||
| Q3 25 | 25.4% | 67.3% | ||
| Q2 25 | 22.8% | 55.4% | ||
| Q1 25 | 13.3% | 66.5% | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 29.3% | 62.1% | ||
| Q2 24 | 27.3% | 61.5% | ||
| Q1 24 | 23.5% | — |
营业利润率ECVTSAIL
| Q4 25 | 10.9% | -14.8% | ||
| Q3 25 | 13.8% | -15.4% | ||
| Q2 25 | 9.0% | -80.3% | ||
| Q1 25 | -0.7% | -12.6% | ||
| Q4 24 | 15.1% | — | ||
| Q3 24 | 17.9% | -33.2% | ||
| Q2 24 | 14.1% | -36.3% | ||
| Q1 24 | 9.5% | — |
净利率ECVTSAIL
| Q4 25 | — | -12.8% | ||
| Q3 25 | -38.7% | -4.0% | ||
| Q2 25 | 3.4% | -81.3% | ||
| Q1 25 | -2.5% | -33.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | 9.3% | -43.9% | ||
| Q2 24 | 5.4% | -47.5% | ||
| Q1 24 | 0.9% | — |
每股收益（稀释后）ECVTSAIL
| Q4 25 | $0.06 | $-0.06 | ||
| Q3 25 | $-0.69 | $-0.02 | ||
| Q2 25 | $0.05 | $-0.42 | ||
| Q1 25 | $-0.03 | $-6.50 | ||
| Q4 24 | $-0.26 | — | ||
| Q3 24 | $0.12 | $-2.97 | ||
| Q2 24 | $0.07 | $-0.77 | ||
| Q1 24 | $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 | $298.1M |
| 总债务越低越好 | $392.6M | $0 |
| 股东权益账面价值 | $603.4M | $6.8B |
| 总资产 | $1.3B | $7.5B |
| 负债/权益比越低杠杆越低 | 0.65× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ECVTSAIL
| Q4 25 | $197.2M | $298.1M | ||
| Q3 25 | $82.0M | $271.1M | ||
| Q2 25 | $69.6M | $228.1M | ||
| Q1 25 | $127.5M | $121.3M | ||
| Q4 24 | $131.4M | — | ||
| Q3 24 | $123.5M | $89.7M | ||
| Q2 24 | $83.3M | $146.8M | ||
| Q1 24 | $103.1M | — |
总债务ECVTSAIL
| Q4 25 | $392.6M | $0 | ||
| Q3 25 | $854.8M | $0 | ||
| Q2 25 | $856.6M | $0 | ||
| Q1 25 | $859.0M | $1.0B | ||
| Q4 24 | $860.8M | — | ||
| Q3 24 | $862.7M | — | ||
| Q2 24 | $862.4M | — | ||
| Q1 24 | $866.2M | — |
股东权益ECVTSAIL
| Q4 25 | $603.4M | $6.8B | ||
| Q3 25 | $607.9M | $6.8B | ||
| Q2 25 | $692.4M | $6.8B | ||
| Q1 25 | $698.7M | $-5.6B | ||
| Q4 24 | $700.5M | — | ||
| Q3 24 | $729.4M | $-701.3M | ||
| Q2 24 | $717.3M | $-622.5M | ||
| Q1 24 | $711.4M | — |
总资产ECVTSAIL
| Q4 25 | $1.3B | $7.5B | ||
| Q3 25 | $1.7B | $7.4B | ||
| Q2 25 | $1.8B | $7.4B | ||
| Q1 25 | $1.8B | $7.4B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | — |
负债/权益比ECVTSAIL
| Q4 25 | 0.65× | 0.00× | ||
| Q3 25 | 1.41× | 0.00× | ||
| Q2 25 | 1.24× | 0.00× | ||
| 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 | $53.6M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $52.5M |
| 自由现金流率自由现金流/营收 | 11.5% | 18.6% |
| 资本支出强度资本支出/营收 | 9.4% | 0.4% |
| 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ECVTSAIL
| Q4 25 | $41.8M | $53.6M | ||
| Q3 25 | $55.3M | $49.9M | ||
| Q2 25 | $33.0M | $-96.8M | ||
| Q1 25 | $10.3M | — | ||
| Q4 24 | $43.5M | — | ||
| Q3 24 | $59.9M | — | ||
| Q2 24 | $10.0M | $-55.4M | ||
| Q1 24 | $36.5M | — |
自由现金流ECVTSAIL
| Q4 25 | $22.9M | $52.5M | ||
| Q3 25 | $53.2M | $49.0M | ||
| Q2 25 | $7.8M | $-99.0M | ||
| Q1 25 | $-14.0M | — | ||
| Q4 24 | $30.9M | — | ||
| Q3 24 | $53.6M | — | ||
| Q2 24 | $-9.3M | $-56.0M | ||
| Q1 24 | $19.1M | — |
自由现金流率ECVTSAIL
| Q4 25 | 11.5% | 18.6% | ||
| Q3 25 | 26.0% | 18.5% | ||
| Q2 25 | 4.4% | -43.0% | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | 20.7% | — | ||
| Q3 24 | 34.9% | — | ||
| Q2 24 | -6.1% | -29.8% | ||
| Q1 24 | 13.5% | — |
资本支出强度ECVTSAIL
| Q4 25 | 9.4% | 0.4% | ||
| Q3 25 | 1.0% | 0.4% | ||
| Q2 25 | 14.4% | 1.0% | ||
| Q1 25 | 16.9% | — | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 12.5% | 0.3% | ||
| Q1 24 | 12.3% | — |
现金转化率ECVTSAIL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.52× | — | ||
| 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% |
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
