vs
Ecovyst Inc.（ECVT）与null（SDHC）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是Ecovyst Inc.的1.3倍（$260.4M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs -9.4%），Ecovyst Inc.自由现金流更多（$22.9M vs $8.7M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 17.3%）
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。
史密斯韦森品牌公司是美国的枪械制造商，总部位于美国田纳西州玛丽维尔，是该领域历史悠久且知名的生产企业，在民用及警用枪械市场拥有较高的认可度。
ECVT vs SDHC — 直观对比
营收规模更大
SDHC
是对方的1.3倍
$199.4M
营收增速更快
ECVT
高出43.4%
-9.4%
自由现金流更多
ECVT
多$14.2M
$8.7M
两年增速更快
ECVT
近两年复合增速
17.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $260.4M |
| 净利润 | — | $3.5M |
| 毛利率 | 23.4% | 19.9% |
| 营业利润率 | 10.9% | 6.5% |
| 净利率 | — | 1.4% |
| 营收同比 | 34.0% | -9.4% |
| 净利润同比 | — | -14.3% |
| 每股收益（稀释后） | $0.06 | $0.39 |
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ECVTSDHC
| Q4 25 | $199.4M | $260.4M | ||
| Q3 25 | $204.9M | $262.0M | ||
| Q2 25 | $176.1M | $223.9M | ||
| Q1 25 | $143.1M | $224.7M | ||
| Q4 24 | $148.9M | $287.5M | ||
| Q3 24 | $153.9M | $277.8M | ||
| Q2 24 | $154.0M | $220.9M | ||
| Q1 24 | $141.6M | $189.2M |
净利润ECVTSDHC
| Q4 25 | — | $3.5M | ||
| Q3 25 | $-79.3M | $2.1M | ||
| Q2 25 | $6.0M | $2.4M | ||
| Q1 25 | $-3.6M | $2.7M | ||
| Q4 24 | — | $4.1M | ||
| Q3 24 | $14.3M | $5.3M | ||
| Q2 24 | $8.3M | $3.6M | ||
| Q1 24 | $1.2M | $3.0M |
毛利率ECVTSDHC
| Q4 25 | 23.4% | 19.9% | ||
| Q3 25 | 25.4% | 21.0% | ||
| Q2 25 | 22.8% | 23.2% | ||
| Q1 25 | 13.3% | 23.8% | ||
| Q4 24 | 28.9% | 25.5% | ||
| Q3 24 | 29.3% | 26.5% | ||
| Q2 24 | 27.3% | 26.7% | ||
| Q1 24 | 23.5% | 26.1% |
营业利润率ECVTSDHC
| Q4 25 | 10.9% | 6.5% | ||
| Q3 25 | 13.8% | 6.6% | ||
| Q2 25 | 9.0% | 7.7% | ||
| Q1 25 | -0.7% | 8.7% | ||
| Q4 24 | 15.1% | 10.4% | ||
| Q3 24 | 17.9% | 14.2% | ||
| Q2 24 | 14.1% | 11.7% | ||
| Q1 24 | 9.5% | 11.3% |
净利率ECVTSDHC
| Q4 25 | — | 1.4% | ||
| Q3 25 | -38.7% | 0.8% | ||
| Q2 25 | 3.4% | 1.1% | ||
| Q1 25 | -2.5% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 9.3% | 1.9% | ||
| Q2 24 | 5.4% | 1.7% | ||
| Q1 24 | 0.9% | 1.6% |
每股收益（稀释后）ECVTSDHC
| Q4 25 | $0.06 | $0.39 | ||
| Q3 25 | $-0.69 | $0.24 | ||
| Q2 25 | $0.05 | $0.26 | ||
| Q1 25 | $-0.03 | $0.30 | ||
| Q4 24 | $-0.26 | $0.50 | ||
| Q3 24 | $0.12 | $0.58 | ||
| Q2 24 | $0.07 | $0.40 | ||
| Q1 24 | $0.01 | $0.33 |
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 | $12.7M |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $86.7M |
| 总资产 | $1.3B | $557.6M |
| 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ECVTSDHC
| Q4 25 | $197.2M | $12.7M | ||
| Q3 25 | $82.0M | $14.8M | ||
| Q2 25 | $69.6M | $16.8M | ||
| Q1 25 | $127.5M | $12.7M | ||
| Q4 24 | $131.4M | $22.4M | ||
| Q3 24 | $123.5M | $23.7M | ||
| Q2 24 | $83.3M | $17.3M | ||
| Q1 24 | $103.1M | $32.8M |
总债务ECVTSDHC
| 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ECVTSDHC
| Q4 25 | $603.4M | $86.7M | ||
| Q3 25 | $607.9M | $82.2M | ||
| Q2 25 | $692.4M | $80.0M | ||
| Q1 25 | $698.7M | $76.9M | ||
| Q4 24 | $700.5M | $73.6M | ||
| Q3 24 | $729.4M | $68.4M | ||
| Q2 24 | $717.3M | $62.1M | ||
| Q1 24 | $711.4M | $59.7M |
总资产ECVTSDHC
| Q4 25 | $1.3B | $557.6M | ||
| Q3 25 | $1.7B | $571.6M | ||
| Q2 25 | $1.8B | $570.2M | ||
| Q1 25 | $1.8B | $513.9M | ||
| Q4 24 | $1.8B | $475.9M | ||
| Q3 24 | $1.8B | $460.1M | ||
| Q2 24 | $1.8B | $429.3M | ||
| Q1 24 | $1.8B | $401.3M |
负债/权益比ECVTSDHC
| 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 | $9.8M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $8.7M |
| 自由现金流率自由现金流/营收 | 11.5% | 3.4% |
| 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 | — | 2.77× |
| 过去12个月自由现金流最近4个季度 | $69.9M | $-36.9M |
8季度趋势，按日历期对齐
经营现金流ECVTSDHC
| Q4 25 | $41.8M | $9.8M | ||
| Q3 25 | $55.3M | $22.8M | ||
| Q2 25 | $33.0M | $-28.9M | ||
| Q1 25 | $10.3M | $-34.9M | ||
| Q4 24 | $43.5M | $5.5M | ||
| Q3 24 | $59.9M | $22.9M | ||
| Q2 24 | $10.0M | $39.0K | ||
| Q1 24 | $36.5M | $-9.3M |
自由现金流ECVTSDHC
| Q4 25 | $22.9M | $8.7M | ||
| Q3 25 | $53.2M | $21.4M | ||
| Q2 25 | $7.8M | $-31.1M | ||
| Q1 25 | $-14.0M | $-35.9M | ||
| Q4 24 | $30.9M | $4.8M | ||
| Q3 24 | $53.6M | $22.3M | ||
| Q2 24 | $-9.3M | $-2.1M | ||
| Q1 24 | $19.1M | $-9.7M |
自由现金流率ECVTSDHC
| Q4 25 | 11.5% | 3.4% | ||
| Q3 25 | 26.0% | 8.2% | ||
| Q2 25 | 4.4% | -13.9% | ||
| Q1 25 | -9.8% | -16.0% | ||
| Q4 24 | 20.7% | 1.7% | ||
| Q3 24 | 34.9% | 8.0% | ||
| Q2 24 | -6.1% | -1.0% | ||
| Q1 24 | 13.5% | -5.1% |
资本支出强度ECVTSDHC
| Q4 25 | 9.4% | 0.4% | ||
| Q3 25 | 1.0% | 0.5% | ||
| Q2 25 | 14.4% | 0.9% | ||
| Q1 25 | 16.9% | 0.5% | ||
| Q4 24 | 8.5% | 0.2% | ||
| Q3 24 | 4.1% | 0.2% | ||
| Q2 24 | 12.5% | 1.0% | ||
| Q1 24 | 12.3% | 0.2% |
现金转化率ECVTSDHC
| Q4 25 | — | 2.77× | ||
| Q3 25 | — | 10.70× | ||
| Q2 25 | 5.52× | -12.24× | ||
| Q1 25 | — | -13.01× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | 4.21× | 4.28× | ||
| Q2 24 | 1.20× | 0.01× | ||
| Q1 24 | 29.90× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
