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Ingevity Corp（NGVT）与沃夫斯沛（WOLF）财务数据对比。点击上方公司名可切换其他公司
Ingevity Corp的季度营收约是沃夫斯沛的1.1倍（$185.4M vs $168.5M），Ingevity Corp净利率更高（-45.6% vs -89.4%，领先43.7%），Ingevity Corp同比增速更快（36.7% vs -6.6%），Ingevity Corp自由现金流更多（$73.5M vs $-72.6M），过去两年沃夫斯沛的营收复合增速更高（-8.4% 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。
Wolfspeed, Inc.（原Cree, Inc.）是一家美国宽禁带半导体研发制造商，核心业务聚焦碳化硅材料与功率器件，产品主要应用于交通、电源、功率逆变器以及无线系统等领域，是碳化硅功率半导体领域的领先企业。
NGVT vs WOLF — 直观对比
营收规模更大
NGVT
是对方的1.1倍
$168.5M
营收增速更快
NGVT
高出43.4%
-6.6%
净利率更高
NGVT
高出43.7%
-89.4%
自由现金流更多
NGVT
多$146.1M
$-72.6M
两年增速更快
WOLF
近两年复合增速
-26.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $185.4M | $168.5M |
| 净利润 | $-84.6M | $-150.6M |
| 毛利率 | 41.2% | -46.5% |
| 营业利润率 | -47.7% | -94.0% |
| 净利率 | -45.6% | -89.4% |
| 营收同比 | 36.7% | -6.6% |
| 净利润同比 | -609.6% | 59.5% |
| 每股收益（稀释后） | $-2.33 | $-5.78 |
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NGVTWOLF
| Q4 25 | $185.4M | $168.5M | ||
| Q3 25 | $333.1M | $196.8M | ||
| Q2 25 | $365.1M | $197.0M | ||
| Q1 25 | $284.0M | $185.4M | ||
| Q4 24 | $135.6M | $180.5M | ||
| Q3 24 | $333.8M | $194.7M | ||
| Q2 24 | $390.6M | $200.7M | ||
| Q1 24 | $340.1M | $200.7M |
净利润NGVTWOLF
| Q4 25 | $-84.6M | $-150.6M | ||
| Q3 25 | $43.5M | $-643.6M | ||
| Q2 25 | $-146.5M | $-669.3M | ||
| Q1 25 | $20.5M | $-285.5M | ||
| Q4 24 | $16.6M | $-372.2M | ||
| Q3 24 | $-107.2M | $-282.2M | ||
| Q2 24 | $-283.7M | $-174.9M | ||
| Q1 24 | $-56.0M | $-148.9M |
毛利率NGVTWOLF
| Q4 25 | 41.2% | -46.5% | ||
| Q3 25 | 40.2% | -39.2% | ||
| Q2 25 | 37.8% | -13.0% | ||
| Q1 25 | 39.9% | -12.1% | ||
| Q4 24 | 81.3% | -20.6% | ||
| Q3 24 | 39.4% | -18.6% | ||
| Q2 24 | 31.5% | 1.2% | ||
| Q1 24 | 29.3% | 11.2% |
营业利润率NGVTWOLF
| Q4 25 | -47.7% | -94.0% | ||
| Q3 25 | 18.7% | -82.0% | ||
| Q2 25 | -39.1% | -295.2% | ||
| Q1 25 | 9.4% | -104.9% | ||
| Q4 24 | — | -178.9% | ||
| Q3 24 | 33.0% | -118.2% | ||
| Q2 24 | 25.9% | -72.7% | ||
| Q1 24 | 22.6% | -53.0% |
净利率NGVTWOLF
| Q4 25 | -45.6% | -89.4% | ||
| Q3 25 | 13.1% | -327.0% | ||
| Q2 25 | -40.1% | -339.7% | ||
| Q1 25 | 7.2% | -154.0% | ||
| Q4 24 | 12.2% | -206.2% | ||
| Q3 24 | -32.1% | -144.9% | ||
| Q2 24 | -72.6% | -87.1% | ||
| Q1 24 | -16.5% | -74.2% |
每股收益（稀释后）NGVTWOLF
| Q4 25 | $-2.33 | $-5.78 | ||
| Q3 25 | $1.18 | $-4.12 | ||
| Q2 25 | $-4.02 | $-4.42 | ||
| Q1 25 | $0.56 | $-1.86 | ||
| Q4 24 | $0.44 | $-2.88 | ||
| Q3 24 | $-2.94 | $-2.23 | ||
| Q2 24 | $-7.81 | $-1.39 | ||
| Q1 24 | $-1.54 | $-1.18 |
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 | $1.3B |
| 总债务越低越好 | $1.2B | $2.0B |
| 股东权益账面价值 | $29.7M | $627.4M |
| 总资产 | $1.7B | $3.4B |
| 负债/权益比越低杠杆越低 | 39.10× | 3.13× |
8季度趋势，按日历期对齐
现金及短期投资NGVTWOLF
| Q4 25 | $78.1M | $1.3B | ||
| Q3 25 | $83.4M | $926.0M | ||
| Q2 25 | $76.9M | $955.4M | ||
| Q1 25 | $71.5M | $1.3B | ||
| Q4 24 | $68.0M | $1.4B | ||
| Q3 24 | $135.5M | $1.7B | ||
| Q2 24 | $107.4M | $2.2B | ||
| Q1 24 | $88.5M | $2.6B |
总债务NGVTWOLF
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.2B | $0 | ||
| Q2 25 | $1.2B | $6.5B | ||
| Q1 25 | $1.3B | $6.5B | ||
| Q4 24 | $1.3B | $6.4B | ||
| Q3 24 | $1.4B | $6.2B | ||
| Q2 24 | $1.4B | $6.2B | ||
| Q1 24 | $1.4B | — |
股东权益NGVTWOLF
| Q4 25 | $29.7M | $627.4M | ||
| Q3 25 | $138.1M | $-1.1B | ||
| Q2 25 | $120.7M | $-447.1M | ||
| Q1 25 | $234.6M | $212.7M | ||
| Q4 24 | $195.2M | $372.6M | ||
| Q3 24 | $214.5M | $628.9M | ||
| Q2 24 | $284.8M | $882.1M | ||
| Q1 24 | $568.2M | $1.0B |
总资产NGVTWOLF
| Q4 25 | $1.7B | $3.4B | ||
| Q3 25 | $1.8B | $6.6B | ||
| Q2 25 | $1.9B | $6.9B | ||
| Q1 25 | $2.1B | $7.6B | ||
| Q4 24 | $2.0B | $7.7B | ||
| Q3 24 | $2.2B | $7.9B | ||
| Q2 24 | $2.3B | $8.0B | ||
| Q1 24 | $2.6B | $7.7B |
负债/权益比NGVTWOLF
| Q4 25 | 39.10× | 3.13× | ||
| Q3 25 | 8.39× | — | ||
| Q2 25 | 10.24× | — | ||
| Q1 25 | 5.68× | 30.61× | ||
| Q4 24 | 6.86× | 17.24× | ||
| Q3 24 | 6.52× | 9.81× | ||
| Q2 24 | 4.92× | 6.98× | ||
| 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 | $-42.6M |
| 自由现金流经营现金流 - 资本支出 | $73.5M | $-72.6M |
| 自由现金流率自由现金流/营收 | 39.6% | -43.1% |
| 资本支出强度资本支出/营收 | 12.7% | 17.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $273.5M | $-988.1M |
8季度趋势，按日历期对齐
经营现金流NGVTWOLF
| Q4 25 | $97.1M | $-42.6M | ||
| Q3 25 | $129.7M | $5.7M | ||
| Q2 25 | $79.0M | $-242.5M | ||
| Q1 25 | $25.4M | $-142.1M | ||
| Q4 24 | $64.5M | $-195.1M | ||
| Q3 24 | $46.5M | $-132.0M | ||
| Q2 24 | $29.7M | $-239.5M | ||
| Q1 24 | $-12.1M | $-136.2M |
自由现金流NGVTWOLF
| Q4 25 | $73.5M | $-72.6M | ||
| Q3 25 | $117.8M | $-98.3M | ||
| Q2 25 | $66.8M | $-454.4M | ||
| Q1 25 | $15.4M | $-362.8M | ||
| Q4 24 | $39.6M | $-596.9M | ||
| Q3 24 | $28.5M | $-569.0M | ||
| Q2 24 | $11.6M | $-883.8M | ||
| Q1 24 | $-28.7M | $-713.7M |
自由现金流率NGVTWOLF
| Q4 25 | 39.6% | -43.1% | ||
| Q3 25 | 35.4% | -49.9% | ||
| Q2 25 | 18.3% | -230.7% | ||
| Q1 25 | 5.4% | -195.7% | ||
| Q4 24 | 29.2% | -330.7% | ||
| Q3 24 | 8.5% | -292.2% | ||
| Q2 24 | 3.0% | -440.4% | ||
| Q1 24 | -8.4% | -355.6% |
资本支出强度NGVTWOLF
| Q4 25 | 12.7% | 17.8% | ||
| Q3 25 | 3.6% | 52.8% | ||
| Q2 25 | 3.3% | 107.6% | ||
| Q1 25 | 3.5% | 119.0% | ||
| Q4 24 | 18.4% | 222.6% | ||
| Q3 24 | 5.4% | 224.4% | ||
| Q2 24 | 4.6% | 321.0% | ||
| Q1 24 | 4.9% | 287.7% |
现金转化率NGVTWOLF
| Q4 25 | — | — | ||
| Q3 25 | 2.98× | — | ||
| Q2 25 | — | — | ||
| 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% |
WOLF
| Power Products | $118.3M | 70% |
| Materials Products | $50.2M | 30% |
