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Ingevity Corp（NGVT）与USA Compression Partners, LP（USAC）财务数据对比。点击上方公司名可切换其他公司
USA Compression Partners, LP的季度营收约是Ingevity Corp的1.4倍（$252.5M vs $185.4M），USA Compression Partners, LP净利率更高（11.0% vs -45.6%，领先56.6%），Ingevity Corp同比增速更快（36.7% vs 2.7%），USA Compression Partners, LP自由现金流更多（$87.7M vs $73.5M），过去两年USA Compression Partners, LP的营收复合增速更高（4.9% 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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
NGVT vs USAC — 直观对比
营收规模更大
USAC
是对方的1.4倍
$185.4M
营收增速更快
NGVT
高出34.0%
2.7%
净利率更高
USAC
高出56.6%
-45.6%
自由现金流更多
USAC
多$14.2M
$73.5M
两年增速更快
USAC
近两年复合增速
-26.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.4M | $252.5M |
| 净利润 | $-84.6M | $27.8M |
| 毛利率 | 41.2% | — |
| 营业利润率 | -47.7% | 30.3% |
| 净利率 | -45.6% | 11.0% |
| 营收同比 | 36.7% | 2.7% |
| 净利润同比 | -609.6% | 9.1% |
| 每股收益（稀释后） | $-2.33 | — |
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NGVTUSAC
| Q4 25 | $185.4M | $252.5M | ||
| Q3 25 | $333.1M | $250.3M | ||
| Q2 25 | $365.1M | $250.1M | ||
| Q1 25 | $284.0M | $245.2M | ||
| Q4 24 | $135.6M | $245.9M | ||
| Q3 24 | $333.8M | $240.0M | ||
| Q2 24 | $390.6M | $235.3M | ||
| Q1 24 | $340.1M | $229.3M |
净利润NGVTUSAC
| Q4 25 | $-84.6M | $27.8M | ||
| Q3 25 | $43.5M | $34.5M | ||
| Q2 25 | $-146.5M | $28.6M | ||
| Q1 25 | $20.5M | $20.5M | ||
| Q4 24 | $16.6M | $25.4M | ||
| Q3 24 | $-107.2M | $19.3M | ||
| Q2 24 | $-283.7M | $31.2M | ||
| Q1 24 | $-56.0M | $23.6M |
毛利率NGVTUSAC
| 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NGVTUSAC
| Q4 25 | -47.7% | 30.3% | ||
| Q3 25 | 18.7% | 33.5% | ||
| Q2 25 | -39.1% | 30.6% | ||
| Q1 25 | 9.4% | 28.3% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | 33.0% | 31.5% | ||
| Q2 24 | 25.9% | 32.9% | ||
| Q1 24 | 22.6% | 29.2% |
净利率NGVTUSAC
| Q4 25 | -45.6% | 11.0% | ||
| Q3 25 | 13.1% | 13.8% | ||
| Q2 25 | -40.1% | 11.4% | ||
| Q1 25 | 7.2% | 8.4% | ||
| Q4 24 | 12.2% | 10.3% | ||
| Q3 24 | -32.1% | 8.1% | ||
| Q2 24 | -72.6% | 13.3% | ||
| Q1 24 | -16.5% | 10.3% |
每股收益（稀释后）NGVTUSAC
| Q4 25 | $-2.33 | — | ||
| Q3 25 | $1.18 | — | ||
| Q2 25 | $-4.02 | — | ||
| Q1 25 | $0.56 | — | ||
| Q4 24 | $0.44 | — | ||
| Q3 24 | $-2.94 | — | ||
| Q2 24 | $-7.81 | — | ||
| Q1 24 | $-1.54 | — |
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 | $8.6M |
| 总债务越低越好 | $1.2B | $2.5B |
| 股东权益账面价值 | $29.7M | — |
| 总资产 | $1.7B | $2.6B |
| 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NGVTUSAC
| Q4 25 | $78.1M | $8.6M | ||
| Q3 25 | $83.4M | — | ||
| Q2 25 | $76.9M | $2.0K | ||
| Q1 25 | $71.5M | $2.0K | ||
| Q4 24 | $68.0M | $14.0K | ||
| Q3 24 | $135.5M | $79.0K | ||
| Q2 24 | $107.4M | $9.0K | ||
| Q1 24 | $88.5M | $8.0K |
总债务NGVTUSAC
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.4B | $2.5B | ||
| Q2 24 | $1.4B | $2.5B | ||
| Q1 24 | $1.4B | $2.5B |
股东权益NGVTUSAC
| Q4 25 | $29.7M | — | ||
| Q3 25 | $138.1M | — | ||
| Q2 25 | $120.7M | — | ||
| Q1 25 | $234.6M | — | ||
| Q4 24 | $195.2M | — | ||
| Q3 24 | $214.5M | — | ||
| Q2 24 | $284.8M | — | ||
| Q1 24 | $568.2M | — |
总资产NGVTUSAC
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.8B | $2.7B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.0B | $2.7B | ||
| Q3 24 | $2.2B | $2.8B | ||
| Q2 24 | $2.3B | $2.8B | ||
| Q1 24 | $2.6B | $2.8B |
负债/权益比NGVTUSAC
| 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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | $73.5M | $87.7M |
| 自由现金流率自由现金流/营收 | 39.6% | 34.8% |
| 资本支出强度资本支出/营收 | 12.7% | 20.5% |
| 现金转化率经营现金流/净利润 | — | 5.02× |
| 过去12个月自由现金流最近4个季度 | $273.5M | $277.0M |
8季度趋势，按日历期对齐
经营现金流NGVTUSAC
| Q4 25 | $97.1M | $139.5M | ||
| Q3 25 | $129.7M | $75.9M | ||
| Q2 25 | $79.0M | $124.2M | ||
| Q1 25 | $25.4M | $54.7M | ||
| Q4 24 | $64.5M | $130.2M | ||
| Q3 24 | $46.5M | $48.5M | ||
| Q2 24 | $29.7M | $96.7M | ||
| Q1 24 | $-12.1M | $65.9M |
自由现金流NGVTUSAC
| Q4 25 | $73.5M | $87.7M | ||
| Q3 25 | $117.8M | $51.9M | ||
| Q2 25 | $66.8M | $101.1M | ||
| Q1 25 | $15.4M | $36.3M | ||
| Q4 24 | $39.6M | $101.2M | ||
| Q3 24 | $28.5M | $19.8M | ||
| Q2 24 | $11.6M | $48.2M | ||
| Q1 24 | $-28.7M | $-32.7M |
自由现金流率NGVTUSAC
| Q4 25 | 39.6% | 34.8% | ||
| Q3 25 | 35.4% | 20.7% | ||
| Q2 25 | 18.3% | 40.4% | ||
| Q1 25 | 5.4% | 14.8% | ||
| Q4 24 | 29.2% | 41.1% | ||
| Q3 24 | 8.5% | 8.2% | ||
| Q2 24 | 3.0% | 20.5% | ||
| Q1 24 | -8.4% | -14.3% |
资本支出强度NGVTUSAC
| Q4 25 | 12.7% | 20.5% | ||
| Q3 25 | 3.6% | 9.6% | ||
| Q2 25 | 3.3% | 9.3% | ||
| Q1 25 | 3.5% | 7.5% | ||
| Q4 24 | 18.4% | 11.8% | ||
| Q3 24 | 5.4% | 12.0% | ||
| Q2 24 | 4.6% | 20.6% | ||
| Q1 24 | 4.9% | 43.0% |
现金转化率NGVTUSAC
| Q4 25 | — | 5.02× | ||
| Q3 25 | 2.98× | 2.20× | ||
| Q2 25 | — | 4.35× | ||
| Q1 25 | 1.24× | 2.66× | ||
| Q4 24 | 3.89× | 5.12× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | 3.10× | ||
| Q1 24 | — | 2.80× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
