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Ingevity Corp（NGVT）与Safehold Inc.（SAFE）财务数据对比。点击上方公司名可切换其他公司
Ingevity Corp的季度营收约是Safehold Inc.的1.9倍（$185.4M vs $97.9M），Safehold Inc.净利率更高（28.5% vs -45.6%，领先74.1%），Ingevity Corp同比增速更快（36.7% vs 6.5%），过去两年Safehold Inc.的营收复合增速更高（2.5% vs -26.2%）
Ingevity Corp是一家全球特种化学品与先进材料生产商，主营高性能碳材料、路面养护解决方案及特种化工产品，服务汽车排放控制、工业净化、道路基建、农业投入品等核心市场，业务覆盖北美、欧洲及亚太地区。
SAFE投资有限公司是一家位于中国香港的中国主权财富基金，主要承担主权财富相关的投资运营职能，依托香港的国际金融中心优势开展相关投资业务。
NGVT vs SAFE — 直观对比
营收规模更大
NGVT
是对方的1.9倍
$97.9M
营收增速更快
NGVT
高出30.2%
6.5%
净利率更高
SAFE
高出74.1%
-45.6%
两年增速更快
SAFE
近两年复合增速
-26.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.4M | $97.9M |
| 净利润 | $-84.6M | $27.9M |
| 毛利率 | 41.2% | 98.6% |
| 营业利润率 | -47.7% | 27.4% |
| 净利率 | -45.6% | 28.5% |
| 营收同比 | 36.7% | 6.5% |
| 净利润同比 | -609.6% | 7.1% |
| 每股收益（稀释后） | $-2.33 | $0.38 |
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NGVTSAFE
| Q4 25 | $185.4M | $97.9M | ||
| Q3 25 | $333.1M | $96.2M | ||
| Q2 25 | $365.1M | $93.8M | ||
| Q1 25 | $284.0M | $97.7M | ||
| Q4 24 | $135.6M | $91.9M | ||
| Q3 24 | $333.8M | $90.7M | ||
| Q2 24 | $390.6M | $89.9M | ||
| Q1 24 | $340.1M | $93.2M |
净利润NGVTSAFE
| Q4 25 | $-84.6M | $27.9M | ||
| Q3 25 | $43.5M | $29.3M | ||
| Q2 25 | $-146.5M | $27.9M | ||
| Q1 25 | $20.5M | $29.4M | ||
| Q4 24 | $16.6M | $26.0M | ||
| Q3 24 | $-107.2M | $19.3M | ||
| Q2 24 | $-283.7M | $29.7M | ||
| Q1 24 | $-56.0M | $30.7M |
毛利率NGVTSAFE
| Q4 25 | 41.2% | 98.6% | ||
| Q3 25 | 40.2% | 98.5% | ||
| Q2 25 | 37.8% | 99.1% | ||
| Q1 25 | 39.9% | 98.8% | ||
| Q4 24 | 81.3% | 98.8% | ||
| Q3 24 | 39.4% | 98.8% | ||
| Q2 24 | 31.5% | 98.8% | ||
| Q1 24 | 29.3% | 98.8% |
营业利润率NGVTSAFE
| Q4 25 | -47.7% | 27.4% | ||
| Q3 25 | 18.7% | 25.9% | ||
| Q2 25 | -39.1% | 25.5% | ||
| Q1 25 | 9.4% | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | 33.0% | 17.5% | ||
| Q2 24 | 25.9% | 26.7% | ||
| Q1 24 | 22.6% | 26.4% |
净利率NGVTSAFE
| Q4 25 | -45.6% | 28.5% | ||
| Q3 25 | 13.1% | 30.5% | ||
| Q2 25 | -40.1% | 29.8% | ||
| Q1 25 | 7.2% | 30.1% | ||
| Q4 24 | 12.2% | 28.3% | ||
| Q3 24 | -32.1% | 21.3% | ||
| Q2 24 | -72.6% | 33.0% | ||
| Q1 24 | -16.5% | 33.0% |
每股收益（稀释后）NGVTSAFE
| Q4 25 | $-2.33 | $0.38 | ||
| Q3 25 | $1.18 | $0.41 | ||
| Q2 25 | $-4.02 | $0.39 | ||
| Q1 25 | $0.56 | $0.41 | ||
| Q4 24 | $0.44 | $0.36 | ||
| Q3 24 | $-2.94 | $0.27 | ||
| Q2 24 | $-7.81 | $0.42 | ||
| Q1 24 | $-1.54 | $0.43 |
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 | $78.1M | $21.7M |
| 总债务越低越好 | $1.2B | $4.6B |
| 股东权益账面价值 | $29.7M | $2.4B |
| 总资产 | $1.7B | $7.2B |
| 负债/权益比越低杠杆越低 | 39.10× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资NGVTSAFE
| Q4 25 | $78.1M | $21.7M | ||
| Q3 25 | $83.4M | $12.1M | ||
| Q2 25 | $76.9M | $13.9M | ||
| Q1 25 | $71.5M | $17.3M | ||
| Q4 24 | $68.0M | $8.3M | ||
| Q3 24 | $135.5M | $15.6M | ||
| Q2 24 | $107.4M | $13.4M | ||
| Q1 24 | $88.5M | $11.3M |
总债务NGVTSAFE
| Q4 25 | $1.2B | $4.6B | ||
| Q3 25 | $1.2B | $4.5B | ||
| Q2 25 | $1.2B | $4.4B | ||
| Q1 25 | $1.3B | $4.3B | ||
| Q4 24 | $1.3B | $4.3B | ||
| Q3 24 | $1.4B | $4.3B | ||
| Q2 24 | $1.4B | $4.2B | ||
| Q1 24 | $1.4B | $4.1B |
股东权益NGVTSAFE
| Q4 25 | $29.7M | $2.4B | ||
| Q3 25 | $138.1M | $2.4B | ||
| Q2 25 | $120.7M | $2.4B | ||
| Q1 25 | $234.6M | $2.4B | ||
| Q4 24 | $195.2M | $2.3B | ||
| Q3 24 | $214.5M | $2.3B | ||
| Q2 24 | $284.8M | $2.3B | ||
| Q1 24 | $568.2M | $2.3B |
总资产NGVTSAFE
| Q4 25 | $1.7B | $7.2B | ||
| Q3 25 | $1.8B | $7.1B | ||
| Q2 25 | $1.9B | $7.1B | ||
| Q1 25 | $2.1B | $6.9B | ||
| Q4 24 | $2.0B | $6.9B | ||
| Q3 24 | $2.2B | $6.8B | ||
| Q2 24 | $2.3B | $6.8B | ||
| Q1 24 | $2.6B | $6.7B |
负债/权益比NGVTSAFE
| Q4 25 | 39.10× | 1.90× | ||
| Q3 25 | 8.39× | 1.89× | ||
| Q2 25 | 10.24× | 1.87× | ||
| Q1 25 | 5.68× | 1.85× | ||
| Q4 24 | 6.86× | 1.84× | ||
| Q3 24 | 6.52× | 1.88× | ||
| Q2 24 | 4.92× | 1.81× | ||
| Q1 24 | 2.48× | 1.81× |
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 | $97.1M | $47.8M |
| 自由现金流经营现金流 - 资本支出 | $73.5M | — |
| 自由现金流率自由现金流/营收 | 39.6% | — |
| 资本支出强度资本支出/营收 | 12.7% | — |
| 现金转化率经营现金流/净利润 | — | 1.72× |
| 过去12个月自由现金流最近4个季度 | $273.5M | — |
8季度趋势，按日历期对齐
经营现金流NGVTSAFE
| Q4 25 | $97.1M | $47.8M | ||
| Q3 25 | $129.7M | $-1.4M | ||
| Q2 25 | $79.0M | $28.0M | ||
| Q1 25 | $25.4M | $8.9M | ||
| Q4 24 | $64.5M | $37.9M | ||
| Q3 24 | $46.5M | $8.3M | ||
| Q2 24 | $29.7M | $24.8M | ||
| Q1 24 | $-12.1M | $-3.1M |
自由现金流NGVTSAFE
| Q4 25 | $73.5M | — | ||
| Q3 25 | $117.8M | — | ||
| Q2 25 | $66.8M | — | ||
| Q1 25 | $15.4M | — | ||
| Q4 24 | $39.6M | — | ||
| Q3 24 | $28.5M | — | ||
| Q2 24 | $11.6M | — | ||
| Q1 24 | $-28.7M | — |
自由现金流率NGVTSAFE
| Q4 25 | 39.6% | — | ||
| Q3 25 | 35.4% | — | ||
| Q2 25 | 18.3% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 29.2% | — | ||
| Q3 24 | 8.5% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | -8.4% | — |
资本支出强度NGVTSAFE
| Q4 25 | 12.7% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 18.4% | — | ||
| Q3 24 | 5.4% | — | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 4.9% | — |
现金转化率NGVTSAFE
| Q4 25 | — | 1.72× | ||
| Q3 25 | 2.98× | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | 1.24× | 0.30× | ||
| Q4 24 | 3.89× | 1.45× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | -0.10× |
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
NGVT
| Performance Materials | $151.2M | 82% |
| Advanced Polymer Technologies Segment | $36.5M | 20% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
