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Ecovyst Inc.（ECVT）与Turning Point Brands, Inc.（TPB）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Turning Point Brands, Inc.的1.6倍（$199.4M vs $121.0M），Ecovyst Inc.同比增速更快（34.0% vs 29.2%），Ecovyst Inc.自由现金流更多（$22.9M vs $21.5M），过去两年Turning Point Brands, Inc.的营收复合增速更高（20.7% vs 18.7%）
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。
Turning Point Australia（TPAUS）是一家位于澳大利亚的保守派游说团体，隶属于美国转折点组织但保持独立运营，由乔尔·贾马尔创立并于2023年完成注册。该团体目前正积极行动，试图影响2026年3月举行的南澳大利亚州选举结果。
ECVT vs TPB — 直观对比
营收规模更大
ECVT
是对方的1.6倍
$121.0M
营收增速更快
ECVT
高出4.8%
29.2%
自由现金流更多
ECVT
多$1.4M
$21.5M
两年增速更快
TPB
近两年复合增速
18.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $121.0M |
| 净利润 | — | $8.2M |
| 毛利率 | 23.4% | 55.9% |
| 营业利润率 | 10.9% | 16.5% |
| 净利率 | — | 6.8% |
| 营收同比 | 34.0% | 29.2% |
| 净利润同比 | — | 239.8% |
| 每股收益（稀释后） | $0.06 | $0.40 |
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ECVTTPB
| Q4 25 | $199.4M | $121.0M | ||
| Q3 25 | $204.9M | $119.0M | ||
| Q2 25 | $176.1M | $116.6M | ||
| Q1 25 | $143.1M | $106.4M | ||
| Q4 24 | $148.9M | $93.7M | ||
| Q3 24 | $153.9M | $90.7M | ||
| Q2 24 | $154.0M | $93.2M | ||
| Q1 24 | $141.6M | $83.1M |
净利润ECVTTPB
| Q4 25 | — | $8.2M | ||
| Q3 25 | $-79.3M | $21.1M | ||
| Q2 25 | $6.0M | $14.5M | ||
| Q1 25 | $-3.6M | $14.4M | ||
| Q4 24 | — | $2.4M | ||
| Q3 24 | $14.3M | $12.4M | ||
| Q2 24 | $8.3M | $13.0M | ||
| Q1 24 | $1.2M | $12.0M |
毛利率ECVTTPB
| Q4 25 | 23.4% | 55.9% | ||
| Q3 25 | 25.4% | 59.2% | ||
| Q2 25 | 22.8% | 57.1% | ||
| Q1 25 | 13.3% | 56.0% | ||
| Q4 24 | 28.9% | 56.0% | ||
| Q3 24 | 29.3% | 55.6% | ||
| Q2 24 | 27.3% | 54.1% | ||
| Q1 24 | 23.5% | 58.2% |
营业利润率ECVTTPB
| Q4 25 | 10.9% | 16.5% | ||
| Q3 25 | 13.8% | 21.8% | ||
| Q2 25 | 9.0% | 22.6% | ||
| Q1 25 | -0.7% | 21.8% | ||
| Q4 24 | 15.1% | 19.1% | ||
| Q3 24 | 17.9% | 22.9% | ||
| Q2 24 | 14.1% | 24.5% | ||
| Q1 24 | 9.5% | 23.2% |
净利率ECVTTPB
| Q4 25 | — | 6.8% | ||
| Q3 25 | -38.7% | 17.7% | ||
| Q2 25 | 3.4% | 12.4% | ||
| Q1 25 | -2.5% | 13.5% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 9.3% | 13.6% | ||
| Q2 24 | 5.4% | 14.0% | ||
| Q1 24 | 0.9% | 14.5% |
每股收益（稀释后）ECVTTPB
| Q4 25 | $0.06 | $0.40 | ||
| Q3 25 | $-0.69 | $1.13 | ||
| Q2 25 | $0.05 | $0.79 | ||
| Q1 25 | $-0.03 | $0.79 | ||
| Q4 24 | $-0.26 | $0.15 | ||
| Q3 24 | $0.12 | $0.68 | ||
| Q2 24 | $0.07 | $0.68 | ||
| Q1 24 | $0.01 | $0.63 |
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 | $222.8M |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $372.0M |
| 总资产 | $1.3B | $763.8M |
| 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ECVTTPB
| Q4 25 | $197.2M | $222.8M | ||
| Q3 25 | $82.0M | $201.2M | ||
| Q2 25 | $69.6M | $109.9M | ||
| Q1 25 | $127.5M | $99.6M | ||
| Q4 24 | $131.4M | $48.9M | ||
| Q3 24 | $123.5M | $33.6M | ||
| Q2 24 | $83.3M | $142.2M | ||
| Q1 24 | $103.1M | $130.9M |
总债务ECVTTPB
| 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ECVTTPB
| Q4 25 | $603.4M | $372.0M | ||
| Q3 25 | $607.9M | $358.2M | ||
| Q2 25 | $692.4M | $224.8M | ||
| Q1 25 | $698.7M | $203.4M | ||
| Q4 24 | $700.5M | $190.4M | ||
| Q3 24 | $729.4M | $185.7M | ||
| Q2 24 | $717.3M | $172.8M | ||
| Q1 24 | $711.4M | $160.0M |
总资产ECVTTPB
| Q4 25 | $1.3B | $763.8M | ||
| Q3 25 | $1.7B | $742.8M | ||
| Q2 25 | $1.8B | $595.8M | ||
| Q1 25 | $1.8B | $564.6M | ||
| Q4 24 | $1.8B | $493.4M | ||
| Q3 24 | $1.8B | $488.0M | ||
| Q2 24 | $1.8B | $591.6M | ||
| Q1 24 | $1.8B | $586.3M |
负债/权益比ECVTTPB
| 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 | $24.9M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $21.5M |
| 自由现金流率自由现金流/营收 | 11.5% | 17.8% |
| 资本支出强度资本支出/营收 | 9.4% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 3.03× |
| 过去12个月自由现金流最近4个季度 | $69.9M | $43.8M |
8季度趋势，按日历期对齐
经营现金流ECVTTPB
| Q4 25 | $41.8M | $24.9M | ||
| Q3 25 | $55.3M | $3.3M | ||
| Q2 25 | $33.0M | $11.8M | ||
| Q1 25 | $10.3M | $17.4M | ||
| Q4 24 | $43.5M | $17.7M | ||
| Q3 24 | $59.9M | $13.2M | ||
| Q2 24 | $10.0M | $13.4M | ||
| Q1 24 | $36.5M | $22.6M |
自由现金流ECVTTPB
| Q4 25 | $22.9M | $21.5M | ||
| Q3 25 | $53.2M | $-721.0K | ||
| Q2 25 | $7.8M | $7.8M | ||
| Q1 25 | $-14.0M | $15.2M | ||
| Q4 24 | $30.9M | $16.6M | ||
| Q3 24 | $53.6M | $12.6M | ||
| Q2 24 | $-9.3M | $10.9M | ||
| Q1 24 | $19.1M | $22.3M |
自由现金流率ECVTTPB
| Q4 25 | 11.5% | 17.8% | ||
| Q3 25 | 26.0% | -0.6% | ||
| Q2 25 | 4.4% | 6.7% | ||
| Q1 25 | -9.8% | 14.3% | ||
| Q4 24 | 20.7% | 17.8% | ||
| Q3 24 | 34.9% | 13.9% | ||
| Q2 24 | -6.1% | 11.7% | ||
| Q1 24 | 13.5% | 26.8% |
资本支出强度ECVTTPB
| Q4 25 | 9.4% | 2.8% | ||
| Q3 25 | 1.0% | 3.4% | ||
| Q2 25 | 14.4% | 3.4% | ||
| Q1 25 | 16.9% | 2.1% | ||
| Q4 24 | 8.5% | 1.2% | ||
| Q3 24 | 4.1% | 0.7% | ||
| Q2 24 | 12.5% | 2.7% | ||
| Q1 24 | 12.3% | 0.4% |
现金转化率ECVTTPB
| Q4 25 | — | 3.03× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | 5.52× | 0.82× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | 7.34× | ||
| Q3 24 | 4.21× | 1.07× | ||
| Q2 24 | 1.20× | 1.03× | ||
| Q1 24 | 29.90× | 1.89× |
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% |
TPB
| US | $111.5M | 92% |
| Non Us | $9.6M | 8% |
