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Ecovyst Inc.（ECVT）与Texas Pacific Land Corporation（TPL）财务数据对比。点击上方公司名可切换其他公司
Texas Pacific Land Corporation的季度营收约是Ecovyst Inc.的1.1倍（$211.6M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 13.9%），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 10.2%）
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。
Texas Pacific Land Corporation（简称TPL）是一家公开上市的不动产运营企业，行政总部位于美国得克萨斯州达拉斯市。公司在得州西部20个郡拥有逾88万英亩（约3600平方公里）土地，是得州规模最大的私人土地所有者之一，前身为得克萨斯太平洋土地信托。
ECVT vs TPL — 直观对比
营收规模更大
TPL
是对方的1.1倍
$199.4M
营收增速更快
ECVT
高出20.1%
13.9%
两年增速更快
ECVT
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $211.6M |
| 净利润 | — | $123.3M |
| 毛利率 | 23.4% | — |
| 营业利润率 | 10.9% | 70.5% |
| 净利率 | — | 58.3% |
| 营收同比 | 34.0% | 13.9% |
| 净利润同比 | — | 4.2% |
| 每股收益（稀释后） | $0.06 | $-8.59 |
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ECVTTPL
| Q4 25 | $199.4M | $211.6M | ||
| Q3 25 | $204.9M | $203.1M | ||
| Q2 25 | $176.1M | $187.5M | ||
| Q1 25 | $143.1M | $196.0M | ||
| Q4 24 | $148.9M | $185.8M | ||
| Q3 24 | $153.9M | $173.6M | ||
| Q2 24 | $154.0M | $172.3M | ||
| Q1 24 | $141.6M | $174.1M |
净利润ECVTTPL
| Q4 25 | — | $123.3M | ||
| Q3 25 | $-79.3M | $121.2M | ||
| Q2 25 | $6.0M | $116.1M | ||
| Q1 25 | $-3.6M | $120.7M | ||
| Q4 24 | — | $118.4M | ||
| Q3 24 | $14.3M | $106.6M | ||
| Q2 24 | $8.3M | $114.6M | ||
| Q1 24 | $1.2M | $114.4M |
毛利率ECVTTPL
| Q4 25 | 23.4% | — | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 29.3% | — | ||
| Q2 24 | 27.3% | — | ||
| Q1 24 | 23.5% | — |
营业利润率ECVTTPL
| Q4 25 | 10.9% | 70.5% | ||
| Q3 25 | 13.8% | 73.4% | ||
| Q2 25 | 9.0% | 76.6% | ||
| Q1 25 | -0.7% | 76.6% | ||
| Q4 24 | 15.1% | 76.7% | ||
| Q3 24 | 17.9% | 73.4% | ||
| Q2 24 | 14.1% | 77.3% | ||
| Q1 24 | 9.5% | 78.1% |
净利率ECVTTPL
| Q4 25 | — | 58.3% | ||
| Q3 25 | -38.7% | 59.7% | ||
| Q2 25 | 3.4% | 61.9% | ||
| Q1 25 | -2.5% | 61.6% | ||
| Q4 24 | — | 63.7% | ||
| Q3 24 | 9.3% | 61.4% | ||
| Q2 24 | 5.4% | 66.5% | ||
| Q1 24 | 0.9% | 65.7% |
每股收益（稀释后）ECVTTPL
| Q4 25 | $0.06 | $-8.59 | ||
| Q3 25 | $-0.69 | $5.27 | ||
| Q2 25 | $0.05 | $5.05 | ||
| Q1 25 | $-0.03 | $5.24 | ||
| Q4 24 | $-0.26 | $5.14 | ||
| Q3 24 | $0.12 | $4.63 | ||
| Q2 24 | $0.07 | $4.98 | ||
| Q1 24 | $0.01 | $4.97 |
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 | $144.8M |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $1.5B |
| 总资产 | $1.3B | $1.6B |
| 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ECVTTPL
| Q4 25 | $197.2M | $144.8M | ||
| Q3 25 | $82.0M | $531.8M | ||
| Q2 25 | $69.6M | $543.9M | ||
| Q1 25 | $127.5M | $460.4M | ||
| Q4 24 | $131.4M | $369.8M | ||
| Q3 24 | $123.5M | $533.9M | ||
| Q2 24 | $83.3M | $894.7M | ||
| Q1 24 | $103.1M | $837.1M |
总债务ECVTTPL
| 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ECVTTPL
| Q4 25 | $603.4M | $1.5B | ||
| Q3 25 | $607.9M | $1.4B | ||
| Q2 25 | $692.4M | $1.3B | ||
| Q1 25 | $698.7M | $1.2B | ||
| Q4 24 | $700.5M | $1.1B | ||
| Q3 24 | $729.4M | $1.1B | ||
| Q2 24 | $717.3M | $1.2B | ||
| Q1 24 | $711.4M | $1.1B |
总资产ECVTTPL
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.8B | $1.3B | ||
| Q1 24 | $1.8B | $1.3B |
负债/权益比ECVTTPL
| 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 | $113.7M |
| 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 | — | 0.92× |
| 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ECVTTPL
| Q4 25 | $41.8M | $113.7M | ||
| Q3 25 | $55.3M | $154.6M | ||
| Q2 25 | $33.0M | $120.9M | ||
| Q1 25 | $10.3M | $156.7M | ||
| Q4 24 | $43.5M | $126.6M | ||
| Q3 24 | $59.9M | $118.6M | ||
| Q2 24 | $10.0M | $98.3M | ||
| Q1 24 | $36.5M | $147.2M |
自由现金流ECVTTPL
| Q4 25 | $22.9M | — | ||
| Q3 25 | $53.2M | — | ||
| Q2 25 | $7.8M | — | ||
| Q1 25 | $-14.0M | — | ||
| Q4 24 | $30.9M | — | ||
| Q3 24 | $53.6M | — | ||
| Q2 24 | $-9.3M | — | ||
| Q1 24 | $19.1M | — |
自由现金流率ECVTTPL
| Q4 25 | 11.5% | — | ||
| Q3 25 | 26.0% | — | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | 20.7% | — | ||
| Q3 24 | 34.9% | — | ||
| Q2 24 | -6.1% | — | ||
| Q1 24 | 13.5% | — |
资本支出强度ECVTTPL
| Q4 25 | 9.4% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 14.4% | — | ||
| Q1 25 | 16.9% | — | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | 12.3% | — |
现金转化率ECVTTPL
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | 5.52× | 1.04× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | 4.21× | 1.11× | ||
| Q2 24 | 1.20× | 0.86× | ||
| Q1 24 | 29.90× | 1.29× |
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% |
TPL
| Water Serviceand Operations Segment | $98.2M | 46% |
| Water Sales And Royalties | $60.7M | 29% |
| Produced Water Royalties | $33.5M | 16% |
| Easementand Sundry | $20.6M | 10% |
