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Ingevity Corp（NGVT）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Upstart Holdings, Inc.的季度营收约是Ingevity Corp的1.6倍（$296.1M vs $185.4M），Upstart Holdings, Inc.净利率更高（6.3% vs -45.6%，领先51.9%），Ingevity Corp同比增速更快（36.7% vs 35.2%），Upstart Holdings, Inc.自由现金流更多（$108.4M vs $73.5M），过去两年Upstart Holdings, Inc.的营收复合增速更高（52.2% 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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
NGVT vs UPST — 直观对比
营收规模更大
UPST
是对方的1.6倍
$185.4M
营收增速更快
NGVT
高出1.5%
35.2%
净利率更高
UPST
高出51.9%
-45.6%
自由现金流更多
UPST
多$34.9M
$73.5M
两年增速更快
UPST
近两年复合增速
-26.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.4M | $296.1M |
| 净利润 | $-84.6M | $18.6M |
| 毛利率 | 41.2% | — |
| 营业利润率 | -47.7% | 6.4% |
| 净利率 | -45.6% | 6.3% |
| 营收同比 | 36.7% | 35.2% |
| 净利润同比 | -609.6% | 776.4% |
| 每股收益（稀释后） | $-2.33 | $0.20 |
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NGVTUPST
| Q4 25 | $185.4M | $296.1M | ||
| Q3 25 | $333.1M | $277.1M | ||
| Q2 25 | $365.1M | $257.3M | ||
| Q1 25 | $284.0M | $213.4M | ||
| Q4 24 | $135.6M | $219.0M | ||
| Q3 24 | $333.8M | $162.1M | ||
| Q2 24 | $390.6M | $127.6M | ||
| Q1 24 | $340.1M | $127.8M |
净利润NGVTUPST
| Q4 25 | $-84.6M | $18.6M | ||
| Q3 25 | $43.5M | $31.8M | ||
| Q2 25 | $-146.5M | $5.6M | ||
| Q1 25 | $20.5M | $-2.4M | ||
| Q4 24 | $16.6M | $-2.8M | ||
| Q3 24 | $-107.2M | $-6.8M | ||
| Q2 24 | $-283.7M | $-54.5M | ||
| Q1 24 | $-56.0M | $-64.6M |
毛利率NGVTUPST
| Q4 25 | 41.2% | — | ||
| Q3 25 | 40.2% | — | ||
| Q2 25 | 37.8% | — | ||
| Q1 25 | 39.9% | — | ||
| Q4 24 | 81.3% | — | ||
| Q3 24 | 39.4% | — | ||
| Q2 24 | 31.5% | — | ||
| Q1 24 | 29.3% | — |
营业利润率NGVTUPST
| Q4 25 | -47.7% | 6.4% | ||
| Q3 25 | 18.7% | 8.5% | ||
| Q2 25 | -39.1% | 1.8% | ||
| Q1 25 | 9.4% | -2.1% | ||
| Q4 24 | — | -2.2% | ||
| Q3 24 | 33.0% | -27.8% | ||
| Q2 24 | 25.9% | -43.5% | ||
| Q1 24 | 22.6% | -52.8% |
净利率NGVTUPST
| Q4 25 | -45.6% | 6.3% | ||
| Q3 25 | 13.1% | 11.5% | ||
| Q2 25 | -40.1% | 2.2% | ||
| Q1 25 | 7.2% | -1.1% | ||
| Q4 24 | 12.2% | -1.3% | ||
| Q3 24 | -32.1% | -4.2% | ||
| Q2 24 | -72.6% | -42.7% | ||
| Q1 24 | -16.5% | -50.5% |
每股收益（稀释后）NGVTUPST
| Q4 25 | $-2.33 | $0.20 | ||
| Q3 25 | $1.18 | $0.23 | ||
| Q2 25 | $-4.02 | $0.05 | ||
| Q1 25 | $0.56 | $-0.03 | ||
| Q4 24 | $0.44 | $-0.01 | ||
| Q3 24 | $-2.94 | $-0.07 | ||
| Q2 24 | $-7.81 | $-0.62 | ||
| Q1 24 | $-1.54 | $-0.74 |
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 | $652.4M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $29.7M | $798.8M |
| 总资产 | $1.7B | $3.0B |
| 负债/权益比越低杠杆越低 | 39.10× | — |
8季度趋势，按日历期对齐
现金及短期投资NGVTUPST
| Q4 25 | $78.1M | $652.4M | ||
| Q3 25 | $83.4M | $489.8M | ||
| Q2 25 | $76.9M | $395.9M | ||
| Q1 25 | $71.5M | $599.8M | ||
| Q4 24 | $68.0M | $788.4M | ||
| Q3 24 | $135.5M | — | ||
| Q2 24 | $107.4M | — | ||
| Q1 24 | $88.5M | — |
总债务NGVTUPST
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益NGVTUPST
| Q4 25 | $29.7M | $798.8M | ||
| Q3 25 | $138.1M | $743.7M | ||
| Q2 25 | $120.7M | $722.0M | ||
| Q1 25 | $234.6M | $676.6M | ||
| Q4 24 | $195.2M | $633.2M | ||
| Q3 24 | $214.5M | $595.5M | ||
| Q2 24 | $284.8M | $594.7M | ||
| Q1 24 | $568.2M | $612.8M |
总资产NGVTUPST
| Q4 25 | $1.7B | $3.0B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.0B | $2.4B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $2.3B | $1.8B | ||
| Q1 24 | $2.6B | $1.9B |
负债/权益比NGVTUPST
| Q4 25 | 39.10× | — | ||
| Q3 25 | 8.39× | — | ||
| Q2 25 | 10.24× | — | ||
| Q1 25 | 5.68× | — | ||
| Q4 24 | 6.86× | — | ||
| Q3 24 | 6.52× | — | ||
| Q2 24 | 4.92× | — | ||
| Q1 24 | 2.48× | — |
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 | $108.6M |
| 自由现金流经营现金流 - 资本支出 | $73.5M | $108.4M |
| 自由现金流率自由现金流/营收 | 39.6% | 36.6% |
| 资本支出强度资本支出/营收 | 12.7% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 5.82× |
| 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NGVTUPST
| Q4 25 | $97.1M | $108.6M | ||
| Q3 25 | $129.7M | $-122.6M | ||
| Q2 25 | $79.0M | $-120.2M | ||
| Q1 25 | $25.4M | $-13.5M | ||
| Q4 24 | $64.5M | $-110.9M | ||
| Q3 24 | $46.5M | $179.3M | ||
| Q2 24 | $29.7M | $65.3M | ||
| Q1 24 | $-12.1M | $52.6M |
自由现金流NGVTUPST
| Q4 25 | $73.5M | $108.4M | ||
| Q3 25 | $117.8M | $-122.7M | ||
| Q2 25 | $66.8M | $-120.3M | ||
| Q1 25 | $15.4M | — | ||
| Q4 24 | $39.6M | — | ||
| Q3 24 | $28.5M | $179.2M | ||
| Q2 24 | $11.6M | $65.3M | ||
| Q1 24 | $-28.7M | $51.9M |
自由现金流率NGVTUPST
| Q4 25 | 39.6% | 36.6% | ||
| Q3 25 | 35.4% | -44.3% | ||
| Q2 25 | 18.3% | -46.7% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 29.2% | — | ||
| Q3 24 | 8.5% | 110.5% | ||
| Q2 24 | 3.0% | 51.1% | ||
| Q1 24 | -8.4% | 40.6% |
资本支出强度NGVTUPST
| Q4 25 | 12.7% | 0.1% | ||
| Q3 25 | 3.6% | 0.0% | ||
| Q2 25 | 3.3% | 0.0% | ||
| Q1 25 | 3.5% | 0.0% | ||
| Q4 24 | 18.4% | 0.0% | ||
| Q3 24 | 5.4% | 0.1% | ||
| Q2 24 | 4.6% | 0.0% | ||
| Q1 24 | 4.9% | 0.5% |
现金转化率NGVTUPST
| Q4 25 | — | 5.82× | ||
| Q3 25 | 2.98× | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 3.89× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
