vs
Alliance Laundry Holdings Inc.（ALH）与MIDDLEBY Corp（MIDD）财务数据对比。点击上方公司名可切换其他公司
MIDDLEBY Corp的季度营收约是Alliance Laundry Holdings Inc.的2.2倍（$982.1M vs $437.6M）。Alliance Laundry Holdings Inc.净利率更高（7.5% vs -52.2%，领先59.7%）。Alliance Laundry Holdings Inc.同比增速更快（13.9% vs 4.2%）。MIDDLEBY Corp自由现金流更多（$156.1M vs $87.0M）
联合洗衣控股有限公司是美国商业洗衣系统供应商，旗下拥有Speed Queen、Primus等多个知名品牌，专注于商用及工业洗衣设备的设计、生产与销售，产品覆盖洗衣机、滚筒烘干机、熨烫机等，服务于投币洗衣点、多住户住宅洗衣房、机构洗衣设施及家用洗衣场景，业务遍及全球100多个国家和地区。
美国Middleby公司是总部位于伊利诺伊州埃尔金的上市企业，主营商用烹饪设备、工业加工设备及民用家电，其商用烹饪设备业务覆盖美国及全球前100家餐饮连锁品牌中的97家，是全球餐饮设备领域的领先供应商。
ALH vs MIDD — 直观对比
营收规模更大
MIDD
是对方的2.2倍
$437.6M
营收增速更快
ALH
高出9.7%
4.2%
净利率更高
ALH
高出59.7%
-52.2%
自由现金流更多
MIDD
多$69.1M
$87.0M
损益表 — Q3 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $437.6M | $982.1M |
| 净利润 | $32.9M | $-513.0M |
| 毛利率 | 37.0% | 36.8% |
| 营业利润率 | 19.5% | -56.4% |
| 净利率 | 7.5% | -52.2% |
| 营收同比 | 13.9% | 4.2% |
| 净利润同比 | 620.3% | -549.3% |
| 每股收益（稀释后） | $0.19 | $-10.15 |
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ALHMIDD
| Q3 25 | $437.6M | $982.1M | ||
| Q2 25 | — | $977.9M | ||
| Q1 25 | — | $906.6M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $384.3M | $942.8M | ||
| Q2 24 | — | $991.5M | ||
| Q1 24 | — | $926.9M | ||
| Q4 23 | — | $1.0B |
净利润ALHMIDD
| Q3 25 | $32.9M | $-513.0M | ||
| Q2 25 | — | $106.0M | ||
| Q1 25 | — | $92.4M | ||
| Q4 24 | — | $112.3M | ||
| Q3 24 | $-6.3M | $114.2M | ||
| Q2 24 | — | $115.4M | ||
| Q1 24 | — | $86.6M | ||
| Q4 23 | — | $76.3M |
毛利率ALHMIDD
| Q3 25 | 37.0% | 36.8% | ||
| Q2 25 | — | 38.0% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | 37.2% | 37.7% | ||
| Q2 24 | — | 38.3% | ||
| Q1 24 | — | 37.4% | ||
| Q4 23 | — | 38.3% |
营业利润率ALHMIDD
| Q3 25 | 19.5% | -56.4% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | 18.7% | 18.4% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | 14.8% | ||
| Q4 23 | — | 11.4% |
净利率ALHMIDD
| Q3 25 | 7.5% | -52.2% | ||
| Q2 25 | — | 10.8% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 11.1% | ||
| Q3 24 | -1.6% | 12.1% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 9.3% | ||
| Q4 23 | — | 7.6% |
每股收益（稀释后）ALHMIDD
| Q3 25 | $0.19 | $-10.15 | ||
| Q2 25 | — | $1.99 | ||
| Q1 25 | — | $1.69 | ||
| Q4 24 | — | $2.07 | ||
| Q3 24 | $-0.04 | $2.11 | ||
| Q2 24 | — | $2.13 | ||
| Q1 24 | — | $1.59 | ||
| Q4 23 | — | $1.42 |
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 | $136.2M | $175.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-136.4M | $2.9B |
| 总资产 | $2.9B | $6.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ALHMIDD
| Q3 25 | $136.2M | $175.1M | ||
| Q2 25 | — | $511.5M | ||
| Q1 25 | — | $745.1M | ||
| Q4 24 | — | $689.5M | ||
| Q3 24 | $128.4M | $606.0M | ||
| Q2 24 | — | $459.5M | ||
| Q1 24 | — | $341.0M | ||
| Q4 23 | — | $247.5M |
总债务ALHMIDD
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | $2.4B |
股东权益ALHMIDD
| Q3 25 | $-136.4M | $2.9B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | $-284.6M | $3.6B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.3B | ||
| Q4 23 | — | $3.2B |
总资产ALHMIDD
| Q3 25 | $2.9B | $6.4B | ||
| Q2 25 | — | $7.3B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | — | $7.3B | ||
| Q3 24 | — | $7.2B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | — | $6.9B | ||
| Q4 23 | — | $6.9B |
负债/权益比ALHMIDD
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 0.75× |
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 | $116.8M | $176.3M |
| 自由现金流经营现金流 - 资本支出 | $87.0M | $156.1M |
| 自由现金流率自由现金流/营收 | 19.9% | 15.9% |
| 资本支出强度资本支出/营收 | 6.8% | 2.1% |
| 现金转化率经营现金流/净利润 | 3.55× | — |
| 过去12个月自由现金流最近4个季度 | — | $591.2M |
8季度趋势，按日历期对齐
经营现金流ALHMIDD
| Q3 25 | $116.8M | $176.3M | ||
| Q2 25 | — | $122.0M | ||
| Q1 25 | — | $141.1M | ||
| Q4 24 | — | $239.7M | ||
| Q3 24 | — | $156.7M | ||
| Q2 24 | — | $149.5M | ||
| Q1 24 | — | $140.9M | ||
| Q4 23 | — | $255.7M |
自由现金流ALHMIDD
| Q3 25 | $87.0M | $156.1M | ||
| Q2 25 | — | $101.1M | ||
| Q1 25 | — | $107.4M | ||
| Q4 24 | — | $226.6M | ||
| Q3 24 | — | $145.2M | ||
| Q2 24 | — | $138.6M | ||
| Q1 24 | — | $127.2M | ||
| Q4 23 | — | $240.2M |
自由现金流率ALHMIDD
| Q3 25 | 19.9% | 15.9% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | — | 13.7% | ||
| Q4 23 | — | 23.8% |
资本支出强度ALHMIDD
| Q3 25 | 6.8% | 2.1% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.5% | ||
| Q4 23 | — | 1.5% |
现金转化率ALHMIDD
| Q3 25 | 3.55× | — | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.53× | ||
| Q4 24 | — | 2.13× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.63× | ||
| Q4 23 | — | 3.35× |
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
ALH
| Equipment Product Or Service | $275.7M | 63% |
| Other | $106.8M | 24% |
| Service Parts | $33.1M | 8% |
| Equipment Financing | $12.6M | 3% |
MIDD
| Commercial Foodservice Equipment Group | $433.7M | 44% |
| Other | $316.8M | 32% |
| Food Processing Group | $120.8M | 12% |
| Residential Kitchen | $110.8M | 11% |
