vs
安捷伦科技（A）与空气化工产品公司（APD）财务数据对比。点击上方公司名可切换其他公司
空气化工产品公司的季度营收约是安捷伦科技的1.7倍（$3.1B vs $1.8B），空气化工产品公司净利率更高（21.9% vs 17.0%，领先4.9%），安捷伦科技同比增速更快（7.0% vs 5.8%），安捷伦科技自由现金流更多（$175.0M vs $-350.5M），过去两年安捷伦科技的营收复合增速更高（6.9% vs 2.9%）
安捷伦科技是全球知名的生命科学、诊断与应用化学领域解决方案提供商，旗下生命科学与应用市场业务板块提供液相色谱系统及组件、液相色谱质谱联用系统、气相色谱设备、电感耦合等离子体质谱仪、原子吸收仪等多种分析检测仪器，服务全球各领域客户。
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
A vs APD — 直观对比
营收规模更大
APD
是对方的1.7倍
$1.8B
营收增速更快
A
高出1.1%
5.8%
净利率更高
APD
高出4.9%
17.0%
自由现金流更多
A
多$525.5M
$-350.5M
两年增速更快
A
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.1B |
| 净利润 | $305.0M | $678.2M |
| 毛利率 | 52.6% | 32.1% |
| 营业利润率 | 19.6% | 23.7% |
| 净利率 | 17.0% | 21.9% |
| 营收同比 | 7.0% | 5.8% |
| 净利润同比 | -4.1% | 9.8% |
| 每股收益（稀释后） | $1.07 | $3.04 |
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AAPD
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $3.1B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.7B | $3.0B | ||
| Q1 25 | $1.7B | $2.9B | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.6B | $3.2B | ||
| Q2 24 | $1.6B | $3.0B |
净利润AAPD
| Q1 26 | $305.0M | — | ||
| Q4 25 | $434.0M | $678.2M | ||
| Q3 25 | $336.0M | $4.9M | ||
| Q2 25 | $215.0M | $713.8M | ||
| Q1 25 | $318.0M | $-1.7B | ||
| Q4 24 | $351.0M | $617.4M | ||
| Q3 24 | $282.0M | $1.9B | ||
| Q2 24 | $308.0M | $696.6M |
毛利率AAPD
| Q1 26 | 52.6% | — | ||
| Q4 25 | 53.2% | 32.1% | ||
| Q3 25 | 51.1% | 32.3% | ||
| Q2 25 | 51.9% | 32.5% | ||
| Q1 25 | 53.5% | 29.6% | ||
| Q4 24 | 53.9% | 31.2% | ||
| Q3 24 | 54.2% | 34.0% | ||
| Q2 24 | 54.4% | 32.8% |
营业利润率AAPD
| Q1 26 | 19.6% | — | ||
| Q4 25 | 23.8% | 23.7% | ||
| Q3 25 | 20.7% | 0.5% | ||
| Q2 25 | 18.0% | 26.2% | ||
| Q1 25 | 22.4% | -79.8% | ||
| Q4 24 | 24.0% | 22.0% | ||
| Q3 24 | 21.1% | 76.1% | ||
| Q2 24 | 23.1% | 24.7% |
净利率AAPD
| Q1 26 | 17.0% | — | ||
| Q4 25 | 23.3% | 21.9% | ||
| Q3 25 | 19.3% | 0.2% | ||
| Q2 25 | 12.9% | 23.6% | ||
| Q1 25 | 18.9% | -59.3% | ||
| Q4 24 | 20.6% | 21.1% | ||
| Q3 24 | 17.9% | 61.2% | ||
| Q2 24 | 19.6% | 23.3% |
每股收益（稀释后）AAPD
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.53 | $3.04 | ||
| Q3 25 | $1.18 | $0.03 | ||
| Q2 25 | $0.75 | $3.20 | ||
| Q1 25 | $1.11 | $-7.77 | ||
| Q4 24 | $1.23 | $2.77 | ||
| Q3 24 | $0.97 | $8.75 | ||
| Q2 24 | $1.05 | $3.13 |
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 | $1.8B | $1.0B |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | $6.9B | $15.4B |
| 总资产 | $12.8B | $41.2B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资AAPD
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $1.0B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.8B | $3.0B | ||
| Q2 24 | $1.7B | $2.4B |
总债务AAPD
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — |
股东权益AAPD
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.7B | $15.4B | ||
| Q3 25 | $6.4B | $15.0B | ||
| Q2 25 | $6.1B | $15.5B | ||
| Q1 25 | $6.0B | $14.7B | ||
| Q4 24 | $5.9B | $16.7B | ||
| Q3 24 | $5.9B | $17.0B | ||
| Q2 24 | $6.2B | $15.1B |
总资产AAPD
| Q1 26 | $12.8B | — | ||
| Q4 25 | $12.7B | $41.2B | ||
| Q3 25 | $12.2B | $41.1B | ||
| Q2 25 | $12.2B | $41.7B | ||
| Q1 25 | $11.9B | $38.9B | ||
| Q4 24 | $11.8B | $40.0B | ||
| Q3 24 | $11.0B | $39.6B | ||
| Q2 24 | $10.9B | $37.0B |
负债/权益比AAPD
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.34× | — |
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 | $268.0M | $900.7M |
| 自由现金流经营现金流 - 资本支出 | $175.0M | $-350.5M |
| 自由现金流率自由现金流/营收 | 9.7% | -11.3% |
| 资本支出强度资本支出/营收 | 5.2% | 40.3% |
| 现金转化率经营现金流/净利润 | 0.88× | 1.33× |
| 过去12个月自由现金流最近4个季度 | $993.0M | — |
8季度趋势，按日历期对齐
经营现金流AAPD
| Q1 26 | $268.0M | — | ||
| Q4 25 | $545.0M | $900.7M | ||
| Q3 25 | $362.0M | — | ||
| Q2 25 | $221.0M | $855.8M | ||
| Q1 25 | $431.0M | $328.1M | ||
| Q4 24 | $481.0M | $811.7M | ||
| Q3 24 | $452.0M | — | ||
| Q2 24 | $333.0M | $1.3B |
自由现金流AAPD
| Q1 26 | $175.0M | — | ||
| Q4 25 | $452.0M | $-350.5M | ||
| Q3 25 | $259.0M | — | ||
| Q2 25 | $107.0M | $-640.0M | ||
| Q1 25 | $334.0M | $-1.6B | ||
| Q4 24 | $388.0M | $-1.3B | ||
| Q3 24 | $360.0M | — | ||
| Q2 24 | $230.0M | $-345.2M |
自由现金流率AAPD
| Q1 26 | 9.7% | — | ||
| Q4 25 | 24.3% | -11.3% | ||
| Q3 25 | 14.9% | — | ||
| Q2 25 | 6.4% | -21.2% | ||
| Q1 25 | 19.9% | -53.6% | ||
| Q4 24 | 22.8% | -44.5% | ||
| Q3 24 | 22.8% | — | ||
| Q2 24 | 14.6% | -11.6% |
资本支出强度AAPD
| Q1 26 | 5.2% | — | ||
| Q4 25 | 5.0% | 40.3% | ||
| Q3 25 | 5.9% | 47.9% | ||
| Q2 25 | 6.8% | 49.5% | ||
| Q1 25 | 5.8% | 64.9% | ||
| Q4 24 | 5.5% | 72.2% | ||
| Q3 24 | 5.8% | 65.1% | ||
| Q2 24 | 6.5% | 53.8% |
现金转化率AAPD
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.26× | 1.33× | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 1.03× | 1.20× | ||
| Q1 25 | 1.36× | — | ||
| Q4 24 | 1.37× | 1.31× | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.08× | 1.81× |
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
A
| Service Other | $525.0M | 29% |
| Chemicaland Energy Market | $422.0M | 23% |
| Agilent Cross Lab | $273.0M | 15% |
| Environmentaland Forensics Market | $177.0M | 10% |
| Food Market | $166.0M | 9% |
| Academiaand Government Market | $130.0M | 7% |
| Applied Markets | $98.0M | 5% |
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
