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Ecovyst Inc.（ECVT）与Gentherm Inc（THRM）财务数据对比。点击上方公司名可切换其他公司
Gentherm Inc的季度营收约是Ecovyst Inc.的1.9倍（$382.8M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 8.5%），Ecovyst Inc.自由现金流更多（$22.9M vs $6.7M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 3.7%）
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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
ECVT vs THRM — 直观对比
营收规模更大
THRM
是对方的1.9倍
$199.4M
营收增速更快
ECVT
高出25.5%
8.5%
自由现金流更多
ECVT
多$16.3M
$6.7M
两年增速更快
ECVT
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $382.8M |
| 净利润 | — | $3.0M |
| 毛利率 | 23.4% | 23.7% |
| 营业利润率 | 10.9% | 4.6% |
| 净利率 | — | 0.8% |
| 营收同比 | 34.0% | 8.5% |
| 净利润同比 | — | -80.5% |
| 每股收益（稀释后） | $0.06 | $0.08 |
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ECVTTHRM
| Q4 25 | $199.4M | $382.8M | ||
| Q3 25 | $204.9M | $386.9M | ||
| Q2 25 | $176.1M | $375.1M | ||
| Q1 25 | $143.1M | $353.9M | ||
| Q4 24 | $148.9M | $352.9M | ||
| Q3 24 | $153.9M | $371.5M | ||
| Q2 24 | $154.0M | $375.7M | ||
| Q1 24 | $141.6M | $356.0M |
净利润ECVTTHRM
| Q4 25 | — | $3.0M | ||
| Q3 25 | $-79.3M | $14.9M | ||
| Q2 25 | $6.0M | $477.0K | ||
| Q1 25 | $-3.6M | $-128.0K | ||
| Q4 24 | — | $15.3M | ||
| Q3 24 | $14.3M | $16.0M | ||
| Q2 24 | $8.3M | $18.9M | ||
| Q1 24 | $1.2M | $14.8M |
毛利率ECVTTHRM
| Q4 25 | 23.4% | 23.7% | ||
| Q3 25 | 25.4% | 24.6% | ||
| Q2 25 | 22.8% | 23.9% | ||
| Q1 25 | 13.3% | 24.4% | ||
| Q4 24 | 28.9% | 24.4% | ||
| Q3 24 | 29.3% | 25.5% | ||
| Q2 24 | 27.3% | 25.7% | ||
| Q1 24 | 23.5% | 24.9% |
营业利润率ECVTTHRM
| Q4 25 | 10.9% | 4.6% | ||
| Q3 25 | 13.8% | 6.2% | ||
| Q2 25 | 9.0% | 6.4% | ||
| Q1 25 | -0.7% | 4.8% | ||
| Q4 24 | 15.1% | 6.7% | ||
| Q3 24 | 17.9% | 8.7% | ||
| Q2 24 | 14.1% | 8.8% | ||
| Q1 24 | 9.5% | 5.1% |
净利率ECVTTHRM
| Q4 25 | — | 0.8% | ||
| Q3 25 | -38.7% | 3.9% | ||
| Q2 25 | 3.4% | 0.1% | ||
| Q1 25 | -2.5% | -0.0% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | 9.3% | 4.3% | ||
| Q2 24 | 5.4% | 5.0% | ||
| Q1 24 | 0.9% | 4.2% |
每股收益（稀释后）ECVTTHRM
| Q4 25 | $0.06 | $0.08 | ||
| Q3 25 | $-0.69 | $0.49 | ||
| Q2 25 | $0.05 | $0.02 | ||
| Q1 25 | $-0.03 | $0.00 | ||
| Q4 24 | $-0.26 | $0.48 | ||
| Q3 24 | $0.12 | $0.51 | ||
| Q2 24 | $0.07 | $0.60 | ||
| Q1 24 | $0.01 | $0.47 |
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 | $160.8M |
| 总债务越低越好 | $392.6M | $189.0M |
| 股东权益账面价值 | $603.4M | $720.3M |
| 总资产 | $1.3B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.65× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资ECVTTHRM
| Q4 25 | $197.2M | $160.8M | ||
| Q3 25 | $82.0M | $154.3M | ||
| Q2 25 | $69.6M | $128.3M | ||
| Q1 25 | $127.5M | $163.1M | ||
| Q4 24 | $131.4M | $134.1M | ||
| Q3 24 | $123.5M | $150.6M | ||
| Q2 24 | $83.3M | $123.5M | ||
| Q1 24 | $103.1M | $125.1M |
总债务ECVTTHRM
| Q4 25 | $392.6M | $189.0M | ||
| Q3 25 | $854.8M | $189.0M | ||
| Q2 25 | $856.6M | $209.0M | ||
| Q1 25 | $859.0M | $262.0M | ||
| Q4 24 | $860.8M | $220.1M | ||
| Q3 24 | $862.7M | $222.1M | ||
| Q2 24 | $862.4M | $222.1M | ||
| Q1 24 | $866.2M | $222.2M |
股东权益ECVTTHRM
| Q4 25 | $603.4M | $720.3M | ||
| Q3 25 | $607.9M | $717.9M | ||
| Q2 25 | $692.4M | $699.7M | ||
| Q1 25 | $698.7M | $646.5M | ||
| Q4 24 | $700.5M | $616.9M | ||
| Q3 24 | $729.4M | $660.7M | ||
| Q2 24 | $717.3M | $640.3M | ||
| Q1 24 | $711.4M | $647.1M |
总资产ECVTTHRM
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.8B | $1.3B |
负债/权益比ECVTTHRM
| Q4 25 | 0.65× | 0.26× | ||
| Q3 25 | 1.41× | 0.26× | ||
| Q2 25 | 1.24× | 0.30× | ||
| Q1 25 | 1.23× | 0.41× | ||
| Q4 24 | 1.23× | 0.36× | ||
| Q3 24 | 1.18× | 0.34× | ||
| Q2 24 | 1.20× | 0.35× | ||
| Q1 24 | 1.22× | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $6.7M |
| 自由现金流率自由现金流/营收 | 11.5% | 1.7% |
| 资本支出强度资本支出/营收 | 9.4% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 9.70× |
| 过去12个月自由现金流最近4个季度 | $69.9M | $61.1M |
8季度趋势，按日历期对齐
经营现金流ECVTTHRM
| Q4 25 | $41.8M | $29.0M | ||
| Q3 25 | $55.3M | $56.1M | ||
| Q2 25 | $33.0M | $45.0M | ||
| Q1 25 | $10.3M | $-13.3M | ||
| Q4 24 | $43.5M | $36.6M | ||
| Q3 24 | $59.9M | $46.3M | ||
| Q2 24 | $10.0M | $37.1M | ||
| Q1 24 | $36.5M | $-10.3M |
自由现金流ECVTTHRM
| Q4 25 | $22.9M | $6.7M | ||
| Q3 25 | $53.2M | $46.5M | ||
| Q2 25 | $7.8M | $36.2M | ||
| Q1 25 | $-14.0M | $-28.2M | ||
| Q4 24 | $30.9M | $13.6M | ||
| Q3 24 | $53.6M | $26.6M | ||
| Q2 24 | $-9.3M | $17.8M | ||
| Q1 24 | $19.1M | $-21.6M |
自由现金流率ECVTTHRM
| Q4 25 | 11.5% | 1.7% | ||
| Q3 25 | 26.0% | 12.0% | ||
| Q2 25 | 4.4% | 9.6% | ||
| Q1 25 | -9.8% | -8.0% | ||
| Q4 24 | 20.7% | 3.9% | ||
| Q3 24 | 34.9% | 7.2% | ||
| Q2 24 | -6.1% | 4.7% | ||
| Q1 24 | 13.5% | -6.1% |
资本支出强度ECVTTHRM
| Q4 25 | 9.4% | 5.8% | ||
| Q3 25 | 1.0% | 2.5% | ||
| Q2 25 | 14.4% | 2.4% | ||
| Q1 25 | 16.9% | 4.2% | ||
| Q4 24 | 8.5% | 6.5% | ||
| Q3 24 | 4.1% | 5.3% | ||
| Q2 24 | 12.5% | 5.2% | ||
| Q1 24 | 12.3% | 3.2% |
现金转化率ECVTTHRM
| Q4 25 | — | 9.70× | ||
| Q3 25 | — | 3.75× | ||
| Q2 25 | 5.52× | 94.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | 4.21× | 2.90× | ||
| Q2 24 | 1.20× | 1.97× | ||
| Q1 24 | 29.90× | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
