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エア・プロダクツ（APD）とWaste Connections, Inc.（WCN）の財務データ比較。上の社名をクリックして会社を切り替えられます
エア・プロダクツの直近四半期売上が大きい（$3.1B vs $2.4B、Waste Connections, Inc.の約1.3倍）。エア・プロダクツの純利益率が高く（21.9% vs 10.9%、差は11.0%）。エア・プロダクツの前年同期比売上増加率が高い（5.8% vs 5.0%）。Waste Connections, Inc.の直近四半期フリーキャッシュフローが多い（$172.6M vs $-350.5M）。過去8四半期でWaste Connections, Inc.の売上複合成長率が高い（7.0% vs 2.9%）
エア・プロダクツは世界中で大気ガス、プロセスガス、特殊ガス、関連機器及びサービスを提供する大手産業ガス企業です。酸素、窒素、アルゴン、水素、ヘリウム、二酸化炭素、一酸化炭素、合成ガスを取り扱うほか、空分装置や非極低温発生装置なども供給し、石油精製、化学工業、ガス化など多様な業界に対応しています。
ウェイストコネクションズ・インクは北米の総合廃棄物サービス企業で、本社を米国テキサス州ウッドランズに置き、米国とカナダで事業を展開しています。主に固体廃棄物の収集、移送、処分、リサイクルサービスを提供し、北米第3位の廃棄物管理企業です。
APD vs WCN — 直接比較
損益計算書 — Q1 FY2026 vs Q4 FY2025
| 指標 | | |
|---|---|---|
| 売上 | $3.1B | $2.4B |
| 純利益 | $678.2M | $258.5M |
| 粗利率 | 32.1% | 42.5% |
| 営業利益率 | 23.7% | 17.7% |
| 純利益率 | 21.9% | 10.9% |
| 売上前年比 | 5.8% | 5.0% |
| 純利益前年比 | 9.8% | 231.9% |
| EPS（希薄化後） | $3.04 | $1.01 |
緑 = その指標でリード。会計年度がずれている場合は期間が異なる場合あり
8四半期 売上・利益トレンド
並べて比較する四半期履歴。決算期がずれていても暦四半期で整列
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.2B | $2.5B | ||
| Q2 25 | $3.0B | $2.4B | ||
| Q1 25 | $2.9B | $2.2B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $3.2B | $2.3B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $2.9B | $2.1B |
| Q4 25 | $678.2M | $258.5M | ||
| Q3 25 | $4.9M | $286.3M | ||
| Q2 25 | $713.8M | $290.3M | ||
| Q1 25 | $-1.7B | $241.5M | ||
| Q4 24 | $617.4M | $-196.0M | ||
| Q3 24 | $1.9B | $308.0M | ||
| Q2 24 | $696.6M | $275.5M | ||
| Q1 24 | $572.4M | $230.1M |
| Q4 25 | 32.1% | 42.5% | ||
| Q3 25 | 32.3% | 42.8% | ||
| Q2 25 | 32.5% | 42.1% | ||
| Q1 25 | 29.6% | 42.0% | ||
| Q4 24 | 31.2% | 41.4% | ||
| Q3 24 | 34.0% | 42.5% | ||
| Q2 24 | 32.8% | 42.1% | ||
| Q1 24 | 32.0% | 41.1% |
| Q4 25 | 23.7% | 17.7% | ||
| Q3 25 | 0.5% | 17.9% | ||
| Q2 25 | 26.2% | 19.1% | ||
| Q1 25 | -79.8% | 17.5% | ||
| Q4 24 | 22.0% | -8.8% | ||
| Q3 24 | 76.1% | 20.3% | ||
| Q2 24 | 24.7% | 18.9% | ||
| Q1 24 | 21.7% | 17.7% |
| Q4 25 | 21.9% | 10.9% | ||
| Q3 25 | 0.2% | 11.6% | ||
| Q2 25 | 23.6% | 12.1% | ||
| Q1 25 | -59.3% | 10.8% | ||
| Q4 24 | 21.1% | -8.7% | ||
| Q3 24 | 61.2% | 13.2% | ||
| Q2 24 | 23.3% | 12.3% | ||
| Q1 24 | 19.5% | 11.1% |
| Q4 25 | $3.04 | $1.01 | ||
| Q3 25 | $0.03 | $1.11 | ||
| Q2 25 | $3.20 | $1.12 | ||
| Q1 25 | $-7.77 | $0.93 | ||
| Q4 24 | $2.77 | $-0.76 | ||
| Q3 24 | $8.75 | $1.19 | ||
| Q2 24 | $3.13 | $1.07 | ||
| Q1 24 | $2.57 | $0.89 |
貸借対照表と財務力
直近四半期の流動性・レバレッジ・純資産のスナップショット
| 指標 | | |
|---|---|---|
| 現金・短期投資手元流動性 | $1.0B | $46.0M |
| 総負債低いほど良い | — | $8.8B |
| 株主資本純資産 | $15.4B | $8.2B |
| 総資産 | $41.2B | $21.1B |
| 負債/資本比率低いほどレバレッジが低い | — | 1.07× |
8四半期トレンド — 暦四半期で整列
| Q4 25 | $1.0B | $46.0M | ||
| Q3 25 | $1.9B | $117.6M | ||
| Q2 25 | $2.3B | $110.2M | ||
| Q1 25 | $1.6B | $111.2M | ||
| Q4 24 | $2.0B | $62.4M | ||
| Q3 24 | $3.0B | $115.3M | ||
| Q2 24 | $2.4B | $78.7M | ||
| Q1 24 | $2.6B | $112.0M |
| Q4 25 | — | $8.8B | ||
| Q3 25 | — | $8.6B | ||
| Q2 25 | — | $8.3B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $8.2B | ||
| Q2 24 | — | $7.7B | ||
| Q1 24 | — | $7.8B |
| Q4 25 | $15.4B | $8.2B | ||
| Q3 25 | $15.0B | $8.1B | ||
| Q2 25 | $15.5B | $8.4B | ||
| Q1 25 | $14.7B | $8.0B | ||
| Q4 24 | $16.7B | $7.9B | ||
| Q3 24 | $17.0B | $8.3B | ||
| Q2 24 | $15.1B | $8.0B | ||
| Q1 24 | $14.9B | $7.8B |
| Q4 25 | $41.2B | $21.1B | ||
| Q3 25 | $41.1B | $20.8B | ||
| Q2 25 | $41.7B | $20.7B | ||
| Q1 25 | $38.9B | $20.3B | ||
| Q4 24 | $40.0B | $19.8B | ||
| Q3 24 | $39.6B | $20.1B | ||
| Q2 24 | $37.0B | $19.3B | ||
| Q1 24 | $35.9B | $19.1B |
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 1.00× |
キャッシュフローと資本効率
再投資後に実際に生み出すキャッシュ。純利益より操作が難しい
| 指標 | | |
|---|---|---|
| 営業キャッシュフロー直近四半期 | $900.7M | $556.9M |
| フリーキャッシュフロー営業CF - 設備投資 | $-350.5M | $172.6M |
| FCFマージンFCF / 売上 | -11.3% | 7.3% |
| 設備投資強度設備投資 / 売上 | 40.3% | 16.2% |
| キャッシュ転換率営業CF / 純利益 | 1.33× | 2.15× |
| 直近12ヶ月FCF直近4四半期 | — | $1.2B |
8四半期トレンド — 暦四半期で整列
| Q4 25 | $900.7M | $556.9M | ||
| Q3 25 | — | $677.4M | ||
| Q2 25 | $855.8M | $638.2M | ||
| Q1 25 | $328.1M | $541.5M | ||
| Q4 24 | $811.7M | $568.9M | ||
| Q3 24 | — | $558.3M | ||
| Q2 24 | $1.3B | $611.4M | ||
| Q1 24 | $801.7M | $490.3M |
| Q4 25 | $-350.5M | $172.6M | ||
| Q3 25 | — | $380.3M | ||
| Q2 25 | $-640.0M | $352.9M | ||
| Q1 25 | $-1.6B | $329.1M | ||
| Q4 24 | $-1.3B | $172.2M | ||
| Q3 24 | — | $286.2M | ||
| Q2 24 | $-345.2M | $394.2M | ||
| Q1 24 | $-867.7M | $320.4M |
| Q4 25 | -11.3% | 7.3% | ||
| Q3 25 | — | 15.5% | ||
| Q2 25 | -21.2% | 14.7% | ||
| Q1 25 | -53.6% | 14.8% | ||
| Q4 24 | -44.5% | 7.6% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | -11.6% | 17.5% | ||
| Q1 24 | -29.6% | 15.5% |
| Q4 25 | 40.3% | 16.2% | ||
| Q3 25 | 47.9% | 12.1% | ||
| Q2 25 | 49.5% | 11.9% | ||
| Q1 25 | 64.9% | 9.5% | ||
| Q4 24 | 72.2% | 17.6% | ||
| Q3 24 | 65.1% | 11.6% | ||
| Q2 24 | 53.8% | 9.7% | ||
| Q1 24 | 57.0% | 8.2% |
| Q4 25 | 1.33× | 2.15× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | 1.20× | 2.20× | ||
| Q1 25 | — | 2.24× | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | 1.81× | ||
| Q2 24 | 1.81× | 2.22× | ||
| Q1 24 | 1.40× | 2.13× |
財務フロー比較
売上 → 粗利 → 営業利益 → 純利益のサンキー図
セグメント別売上内訳
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
WCN
| Southern | $552.9M | 23% |
| Central | $450.9M | 19% |
| Landfill | $386.5M | 16% |
| Transfer | $370.6M | 16% |
| Other | $347.9M | 15% |
| Exploration And Production Waste Treatment Recovery And Disposal | $171.1M | 7% |
| Solid Waste Recycling | $51.2M | 2% |
| Intermodal And Other | $42.3M | 2% |
