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Ecovyst Inc.（ECVT）与Tilray Brands, Inc.（TLRY）财务数据对比。点击上方公司名可切换其他公司
Tilray Brands, Inc.的季度营收约是Ecovyst Inc.的1.1倍（$217.5M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 3.1%），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 7.5%）
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。
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
ECVT vs TLRY — 直观对比
营收规模更大
TLRY
是对方的1.1倍
$199.4M
营收增速更快
ECVT
高出30.9%
3.1%
两年增速更快
ECVT
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $217.5M |
| 净利润 | — | $-44.9M |
| 毛利率 | 23.4% | 26.4% |
| 营业利润率 | 10.9% | -10.2% |
| 净利率 | — | -20.7% |
| 营收同比 | 34.0% | 3.1% |
| 净利润同比 | — | 47.4% |
| 每股收益（稀释后） | $0.06 | $-0.41 |
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ECVTTLRY
| Q4 25 | $199.4M | $217.5M | ||
| Q3 25 | $204.9M | $209.5M | ||
| Q2 25 | $176.1M | $224.5M | ||
| Q1 25 | $143.1M | $185.8M | ||
| Q4 24 | $148.9M | $210.9M | ||
| Q3 24 | $153.9M | $200.0M | ||
| Q2 24 | $154.0M | $229.9M | ||
| Q1 24 | $141.6M | $188.3M |
净利润ECVTTLRY
| Q4 25 | — | $-44.9M | ||
| Q3 25 | $-79.3M | $-322.0K | ||
| Q2 25 | $6.0M | $-1.3B | ||
| Q1 25 | $-3.6M | $-789.4M | ||
| Q4 24 | — | $-85.3M | ||
| Q3 24 | $14.3M | $-39.2M | ||
| Q2 24 | $8.3M | $-31.7M | ||
| Q1 24 | $1.2M | $-92.7M |
毛利率ECVTTLRY
| Q4 25 | 23.4% | 26.4% | ||
| Q3 25 | 25.4% | 27.4% | ||
| Q2 25 | 22.8% | 30.1% | ||
| Q1 25 | 13.3% | 28.0% | ||
| Q4 24 | 28.9% | 29.0% | ||
| Q3 24 | 29.3% | 29.8% | ||
| Q2 24 | 27.3% | 35.8% | ||
| Q1 24 | 23.5% | 26.2% |
营业利润率ECVTTLRY
| Q4 25 | 10.9% | -10.2% | ||
| Q3 25 | 13.8% | 1.0% | ||
| Q2 25 | 9.0% | -643.1% | ||
| Q1 25 | -0.7% | -409.0% | ||
| Q4 24 | 15.1% | -20.0% | ||
| Q3 24 | 17.9% | -18.3% | ||
| Q2 24 | 14.1% | -7.2% | ||
| Q1 24 | 9.5% | -43.6% |
净利率ECVTTLRY
| Q4 25 | — | -20.7% | ||
| Q3 25 | -38.7% | -0.2% | ||
| Q2 25 | 3.4% | -566.9% | ||
| Q1 25 | -2.5% | -424.9% | ||
| Q4 24 | — | -40.5% | ||
| Q3 24 | 9.3% | -19.6% | ||
| Q2 24 | 5.4% | -13.8% | ||
| Q1 24 | 0.9% | -49.2% |
每股收益（稀释后）ECVTTLRY
| Q4 25 | $0.06 | $-0.41 | ||
| Q3 25 | $-0.69 | $0.00 | ||
| Q2 25 | $0.05 | $7.26 | ||
| Q1 25 | $-0.03 | $-8.69 | ||
| Q4 24 | $-0.26 | $-0.99 | ||
| Q3 24 | $0.12 | $-0.04 | ||
| Q2 24 | $0.07 | $-0.04 | ||
| Q1 24 | $0.01 | $-0.12 |
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 | $291.6M |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $1.6B |
| 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ECVTTLRY
| Q4 25 | $197.2M | $291.6M | ||
| Q3 25 | $82.0M | $264.8M | ||
| Q2 25 | $69.6M | $256.4M | ||
| Q1 25 | $127.5M | — | ||
| Q4 24 | $131.4M | $252.2M | ||
| Q3 24 | $123.5M | $280.1M | ||
| Q2 24 | $83.3M | $260.5M | ||
| Q1 24 | $103.1M | $225.9M |
总债务ECVTTLRY
| 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ECVTTLRY
| Q4 25 | $603.4M | $1.6B | ||
| Q3 25 | $607.9M | $1.5B | ||
| Q2 25 | $692.4M | $1.5B | ||
| Q1 25 | $698.7M | $2.7B | ||
| Q4 24 | $700.5M | $3.5B | ||
| Q3 24 | $729.4M | $3.5B | ||
| Q2 24 | $717.3M | $3.4B | ||
| Q1 24 | $711.4M | $3.4B |
总资产ECVTTLRY
| Q4 25 | $1.3B | $2.1B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.8B | $2.1B | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | $4.2B | ||
| Q3 24 | $1.8B | $4.3B | ||
| Q2 24 | $1.8B | $4.2B | ||
| Q1 24 | $1.8B | $4.2B |
负债/权益比ECVTTLRY
| 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 | $-8.5M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | — |
| 自由现金流率自由现金流/营收 | 11.5% | — |
| 资本支出强度资本支出/营收 | 9.4% | — |
| 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ECVTTLRY
| Q4 25 | $41.8M | $-8.5M | ||
| Q3 25 | $55.3M | $-1.3M | ||
| Q2 25 | $33.0M | $-12.8M | ||
| Q1 25 | $10.3M | $-5.8M | ||
| Q4 24 | $43.5M | $-40.7M | ||
| Q3 24 | $59.9M | $-35.3M | ||
| Q2 24 | $10.0M | $30.7M | ||
| Q1 24 | $36.5M | $-15.4M |
自由现金流ECVTTLRY
| Q4 25 | $22.9M | — | ||
| Q3 25 | $53.2M | — | ||
| Q2 25 | $7.8M | $-19.1M | ||
| Q1 25 | $-14.0M | $-20.2M | ||
| Q4 24 | $30.9M | $-46.2M | ||
| Q3 24 | $53.6M | $-42.0M | ||
| Q2 24 | $-9.3M | $21.0M | ||
| Q1 24 | $19.1M | $-24.9M |
自由现金流率ECVTTLRY
| Q4 25 | 11.5% | — | ||
| Q3 25 | 26.0% | — | ||
| Q2 25 | 4.4% | -8.5% | ||
| Q1 25 | -9.8% | -10.9% | ||
| Q4 24 | 20.7% | -21.9% | ||
| Q3 24 | 34.9% | -21.0% | ||
| Q2 24 | -6.1% | 9.1% | ||
| Q1 24 | 13.5% | -13.2% |
资本支出强度ECVTTLRY
| Q4 25 | 9.4% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 14.4% | 2.8% | ||
| Q1 25 | 16.9% | 7.8% | ||
| Q4 24 | 8.5% | 2.6% | ||
| Q3 24 | 4.1% | 3.4% | ||
| Q2 24 | 12.5% | 4.2% | ||
| Q1 24 | 12.3% | 5.1% |
现金转化率ECVTTLRY
| 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% |
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
