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安朗杰（ALLE）与MIDDLEBY Corp（MIDD）财务数据对比。点击上方公司名可切换其他公司
安朗杰的季度营收约是MIDDLEBY Corp的1.1倍（$1.0B vs $982.1M）。安朗杰净利率更高（14.3% vs -52.2%，领先66.5%）。安朗杰同比增速更快（9.3% vs 4.2%）。安朗杰自由现金流更多（$200.5M vs $156.1M）。过去两年安朗杰的营收复合增速更高（7.5% vs -1.3%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
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。
ALLE vs MIDD — 直观对比
营收规模更大
ALLE
是对方的1.1倍
$982.1M
营收增速更快
ALLE
高出5.1%
4.2%
净利率更高
ALLE
高出66.5%
-52.2%
自由现金流更多
ALLE
多$44.4M
$156.1M
两年增速更快
ALLE
近两年复合增速
-1.3%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $982.1M |
| 净利润 | $147.5M | $-513.0M |
| 毛利率 | 44.5% | 36.8% |
| 营业利润率 | 20.3% | -56.4% |
| 净利率 | 14.3% | -52.2% |
| 营收同比 | 9.3% | 4.2% |
| 净利润同比 | 2.4% | -549.3% |
| 每股收益（稀释后） | $1.70 | $-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ALLEMIDD
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.1B | $982.1M | ||
| Q2 25 | $1.0B | $977.9M | ||
| Q1 25 | $941.9M | $906.6M | ||
| Q4 24 | $945.6M | $1.0B | ||
| Q3 24 | $967.1M | $942.8M | ||
| Q2 24 | $965.6M | $991.5M | ||
| Q1 24 | $893.9M | $926.9M |
净利润ALLEMIDD
| Q4 25 | $147.5M | — | ||
| Q3 25 | $188.4M | $-513.0M | ||
| Q2 25 | $159.7M | $106.0M | ||
| Q1 25 | $148.2M | $92.4M | ||
| Q4 24 | $144.1M | $112.3M | ||
| Q3 24 | $174.2M | $114.2M | ||
| Q2 24 | $155.4M | $115.4M | ||
| Q1 24 | $123.8M | $86.6M |
毛利率ALLEMIDD
| Q4 25 | 44.5% | — | ||
| Q3 25 | 45.8% | 36.8% | ||
| Q2 25 | 45.6% | 38.0% | ||
| Q1 25 | 44.9% | 38.2% | ||
| Q4 24 | 44.1% | 38.4% | ||
| Q3 24 | 44.7% | 37.7% | ||
| Q2 24 | 44.4% | 38.3% | ||
| Q1 24 | 43.8% | 37.4% |
营业利润率ALLEMIDD
| Q4 25 | 20.3% | — | ||
| Q3 25 | 21.8% | -56.4% | ||
| Q2 25 | 21.5% | 15.9% | ||
| Q1 25 | 20.9% | 15.5% | ||
| Q4 24 | 19.5% | 16.8% | ||
| Q3 24 | 22.2% | 18.4% | ||
| Q2 24 | 21.6% | 17.7% | ||
| Q1 24 | 19.3% | 14.8% |
净利率ALLEMIDD
| Q4 25 | 14.3% | — | ||
| Q3 25 | 17.6% | -52.2% | ||
| Q2 25 | 15.6% | 10.8% | ||
| Q1 25 | 15.7% | 10.2% | ||
| Q4 24 | 15.2% | 11.1% | ||
| Q3 24 | 18.0% | 12.1% | ||
| Q2 24 | 16.1% | 11.6% | ||
| Q1 24 | 13.8% | 9.3% |
每股收益（稀释后）ALLEMIDD
| Q4 25 | $1.70 | — | ||
| Q3 25 | $2.18 | $-10.15 | ||
| Q2 25 | $1.85 | $1.99 | ||
| Q1 25 | $1.71 | $1.69 | ||
| Q4 24 | $1.65 | $2.07 | ||
| Q3 24 | $1.99 | $2.11 | ||
| Q2 24 | $1.77 | $2.13 | ||
| Q1 24 | $1.41 | $1.59 |
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 | $356.2M | $175.1M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.1B | $2.9B |
| 总资产 | $5.2B | $6.4B |
| 负债/权益比越低杠杆越低 | 0.96× | — |
8季度趋势，按日历期对齐
现金及短期投资ALLEMIDD
| Q4 25 | $356.2M | — | ||
| Q3 25 | $302.7M | $175.1M | ||
| Q2 25 | $656.8M | $511.5M | ||
| Q1 25 | $494.5M | $745.1M | ||
| Q4 24 | $503.8M | $689.5M | ||
| Q3 24 | $878.9M | $606.0M | ||
| Q2 24 | $747.5M | $459.5M | ||
| Q1 24 | $391.8M | $341.0M |
总债务ALLEMIDD
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $2.4B | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.0B | — |
股东权益ALLEMIDD
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.9B | $2.9B | ||
| Q2 25 | $1.8B | $3.6B | ||
| Q1 25 | $1.6B | $3.7B | ||
| Q4 24 | $1.5B | $3.6B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.4B | $3.4B | ||
| Q1 24 | $1.4B | $3.3B |
总资产ALLEMIDD
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.2B | $6.4B | ||
| Q2 25 | $4.9B | $7.3B | ||
| Q1 25 | $4.6B | $7.4B | ||
| Q4 24 | $4.5B | $7.3B | ||
| Q3 24 | $5.0B | $7.2B | ||
| Q2 24 | $4.8B | $7.0B | ||
| Q1 24 | $4.3B | $6.9B |
负债/权益比ALLEMIDD
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.33× | 0.66× | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 1.49× | — |
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 | $240.1M | $176.3M |
| 自由现金流经营现金流 - 资本支出 | $200.5M | $156.1M |
| 自由现金流率自由现金流/营收 | 19.4% | 15.9% |
| 资本支出强度资本支出/营收 | 3.8% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.63× | — |
| 过去12个月自由现金流最近4个季度 | $685.7M | $591.2M |
8季度趋势，按日历期对齐
经营现金流ALLEMIDD
| Q4 25 | $240.1M | — | ||
| Q3 25 | $229.5M | $176.3M | ||
| Q2 25 | $209.7M | $122.0M | ||
| Q1 25 | $104.5M | $141.1M | ||
| Q4 24 | $219.0M | $239.7M | ||
| Q3 24 | $231.9M | $156.7M | ||
| Q2 24 | $173.0M | $149.5M | ||
| Q1 24 | $51.1M | $140.9M |
自由现金流ALLEMIDD
| Q4 25 | $200.5M | — | ||
| Q3 25 | $209.8M | $156.1M | ||
| Q2 25 | $192.0M | $101.1M | ||
| Q1 25 | $83.4M | $107.4M | ||
| Q4 24 | $194.9M | $226.6M | ||
| Q3 24 | $212.0M | $145.2M | ||
| Q2 24 | $152.1M | $138.6M | ||
| Q1 24 | $23.9M | $127.2M |
自由现金流率ALLEMIDD
| Q4 25 | 19.4% | — | ||
| Q3 25 | 19.6% | 15.9% | ||
| Q2 25 | 18.8% | 10.3% | ||
| Q1 25 | 8.9% | 11.8% | ||
| Q4 24 | 20.6% | 22.3% | ||
| Q3 24 | 21.9% | 15.4% | ||
| Q2 24 | 15.8% | 14.0% | ||
| Q1 24 | 2.7% | 13.7% |
资本支出强度ALLEMIDD
| Q4 25 | 3.8% | — | ||
| Q3 25 | 1.8% | 2.1% | ||
| Q2 25 | 1.7% | 2.1% | ||
| Q1 25 | 2.2% | 3.7% | ||
| Q4 24 | 2.5% | 1.3% | ||
| Q3 24 | 2.1% | 1.2% | ||
| Q2 24 | 2.2% | 1.1% | ||
| Q1 24 | 3.0% | 1.5% |
现金转化率ALLEMIDD
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.31× | 1.15× | ||
| Q1 25 | 0.71× | 1.53× | ||
| Q4 24 | 1.52× | 2.13× | ||
| Q3 24 | 1.33× | 1.37× | ||
| Q2 24 | 1.11× | 1.30× | ||
| Q1 24 | 0.41× | 1.63× |
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
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
MIDD
| Commercial Foodservice Equipment Group | $433.7M | 44% |
| Other | $316.8M | 32% |
| Food Processing Group | $120.8M | 12% |
| Residential Kitchen | $110.8M | 11% |
