vs
AMERICAN WOODMARK CORP（AMWD）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
AMERICAN WOODMARK CORP的季度营收约是KADANT INC的1.5倍（$394.6M vs $271.6M），KADANT INC净利率更高（10.2% vs 1.5%，领先8.7%），KADANT INC同比增速更快（-0.0% vs -12.8%），KADANT INC自由现金流更多（$44.1M vs $638.0K），过去两年KADANT INC的营收复合增速更高（6.7% vs -3.3%）
美国木标公司是一家厨卫橱柜制造商，总部位于弗吉尼亚州温彻斯特。公司在美国多地设有多家生产基地与服务中心，其中生产基地分布在亚利桑那州、佐治亚州、印第安纳州、肯塔基州、马里兰州、田纳西州、弗吉尼亚州以及西弗吉尼亚州，服务网点覆盖全美各地。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
AMWD vs KAI — 直观对比
营收规模更大
AMWD
是对方的1.5倍
$271.6M
营收增速更快
KAI
高出12.8%
-12.8%
净利率更高
KAI
高出8.7%
1.5%
自由现金流更多
KAI
多$43.4M
$638.0K
两年增速更快
KAI
近两年复合增速
-3.3%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $394.6M | $271.6M |
| 净利润 | $6.1M | $27.7M |
| 毛利率 | 15.2% | 45.2% |
| 营业利润率 | 3.1% | 15.7% |
| 净利率 | 1.5% | 10.2% |
| 营收同比 | -12.8% | -0.0% |
| 净利润同比 | -78.0% | -12.2% |
| 每股收益（稀释后） | $0.42 | $2.35 |
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AMWDKAI
| Q4 25 | $394.6M | — | ||
| Q3 25 | $403.0M | $271.6M | ||
| Q2 25 | $400.4M | $255.3M | ||
| Q1 25 | $397.6M | $239.2M | ||
| Q4 24 | $452.5M | $258.0M | ||
| Q3 24 | $459.1M | $271.6M | ||
| Q2 24 | $453.3M | $274.8M | ||
| Q1 24 | $422.1M | $249.0M |
净利润AMWDKAI
| Q4 25 | $6.1M | — | ||
| Q3 25 | $14.6M | $27.7M | ||
| Q2 25 | $25.6M | $26.2M | ||
| Q1 25 | $16.6M | $24.1M | ||
| Q4 24 | $27.7M | $24.0M | ||
| Q3 24 | $29.6M | $31.6M | ||
| Q2 24 | $26.8M | $31.3M | ||
| Q1 24 | $21.2M | $24.7M |
毛利率AMWDKAI
| Q4 25 | 15.2% | — | ||
| Q3 25 | 16.7% | 45.2% | ||
| Q2 25 | 17.0% | 45.9% | ||
| Q1 25 | 15.0% | 46.1% | ||
| Q4 24 | 18.9% | 43.4% | ||
| Q3 24 | 20.2% | 44.7% | ||
| Q2 24 | 18.6% | 44.4% | ||
| Q1 24 | 19.2% | 44.6% |
营业利润率AMWDKAI
| Q4 25 | 3.1% | — | ||
| Q3 25 | 5.0% | 15.7% | ||
| Q2 25 | 7.4% | 15.4% | ||
| Q1 25 | 5.3% | 14.9% | ||
| Q4 24 | 9.4% | 14.3% | ||
| Q3 24 | 10.2% | 18.0% | ||
| Q2 24 | 8.4% | 17.6% | ||
| Q1 24 | 6.6% | 14.8% |
净利率AMWDKAI
| Q4 25 | 1.5% | — | ||
| Q3 25 | 3.6% | 10.2% | ||
| Q2 25 | 6.4% | 10.2% | ||
| Q1 25 | 4.2% | 10.1% | ||
| Q4 24 | 6.1% | 9.3% | ||
| Q3 24 | 6.5% | 11.6% | ||
| Q2 24 | 5.9% | 11.4% | ||
| Q1 24 | 5.0% | 9.9% |
每股收益（稀释后）AMWDKAI
| Q4 25 | $0.42 | — | ||
| Q3 25 | $1.00 | $2.35 | ||
| Q2 25 | $1.73 | $2.22 | ||
| Q1 25 | $1.09 | $2.04 | ||
| Q4 24 | $1.79 | $2.04 | ||
| Q3 24 | $1.89 | $2.68 | ||
| Q2 24 | $1.70 | $2.66 | ||
| Q1 24 | $1.32 | $2.10 |
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 | $52.1M | $124.5M |
| 总债务越低越好 | $363.3M | $254.6M |
| 股东权益账面价值 | $928.2M | $949.8M |
| 总资产 | $1.6B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.39× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资AMWDKAI
| Q4 25 | $52.1M | — | ||
| Q3 25 | $54.9M | $124.5M | ||
| Q2 25 | $48.2M | $95.3M | ||
| Q1 25 | $43.5M | $91.7M | ||
| Q4 24 | $56.7M | $94.7M | ||
| Q3 24 | $89.3M | $88.4M | ||
| Q2 24 | $87.4M | $73.8M | ||
| Q1 24 | $97.8M | $81.4M |
总债务AMWDKAI
| Q4 25 | $363.3M | — | ||
| Q3 25 | $364.8M | $254.6M | ||
| Q2 25 | $365.8M | $245.7M | ||
| Q1 25 | $367.3M | $273.5M | ||
| Q4 24 | $368.0M | $285.2M | ||
| Q3 24 | $372.2M | $323.2M | ||
| Q2 24 | $371.8M | $342.0M | ||
| Q1 24 | $371.3M | $306.8M |
股东权益AMWDKAI
| Q4 25 | $928.2M | — | ||
| Q3 25 | $920.3M | $949.8M | ||
| Q2 25 | $916.0M | $926.0M | ||
| Q1 25 | $919.6M | $876.0M | ||
| Q4 24 | $915.1M | $847.1M | ||
| Q3 24 | $913.8M | $851.7M | ||
| Q2 24 | $910.4M | $807.7M | ||
| Q1 24 | $896.9M | $782.7M |
总资产AMWDKAI
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.6B | $1.4B |
负债/权益比AMWDKAI
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.40× | 0.27× | ||
| Q2 25 | 0.40× | 0.27× | ||
| Q1 25 | 0.40× | 0.31× | ||
| Q4 24 | 0.40× | 0.34× | ||
| Q3 24 | 0.41× | 0.38× | ||
| Q2 24 | 0.41× | 0.42× | ||
| Q1 24 | 0.41× | 0.39× |
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 | $11.2M | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $638.0K | $44.1M |
| 自由现金流率自由现金流/营收 | 0.2% | 16.2% |
| 资本支出强度资本支出/营收 | 2.7% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.83× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $64.0M | $145.9M |
8季度趋势，按日历期对齐
经营现金流AMWDKAI
| Q4 25 | $11.2M | — | ||
| Q3 25 | $33.1M | $47.3M | ||
| Q2 25 | $44.8M | $40.5M | ||
| Q1 25 | $11.0M | $22.8M | ||
| Q4 24 | $11.9M | $51.9M | ||
| Q3 24 | $40.8M | $52.5M | ||
| Q2 24 | $43.3M | $28.1M | ||
| Q1 24 | $43.7M | $22.8M |
自由现金流AMWDKAI
| Q4 25 | $638.0K | — | ||
| Q3 25 | $25.3M | $44.1M | ||
| Q2 25 | $35.8M | $36.5M | ||
| Q1 25 | $2.3M | $19.0M | ||
| Q4 24 | $1.1M | $46.3M | ||
| Q3 24 | $29.5M | $48.3M | ||
| Q2 24 | $7.2M | $23.1M | ||
| Q1 24 | $22.1M | $16.6M |
自由现金流率AMWDKAI
| Q4 25 | 0.2% | — | ||
| Q3 25 | 6.3% | 16.2% | ||
| Q2 25 | 8.9% | 14.3% | ||
| Q1 25 | 0.6% | 7.9% | ||
| Q4 24 | 0.2% | 17.9% | ||
| Q3 24 | 6.4% | 17.8% | ||
| Q2 24 | 1.6% | 8.4% | ||
| Q1 24 | 5.2% | 6.7% |
资本支出强度AMWDKAI
| Q4 25 | 2.7% | — | ||
| Q3 25 | 1.9% | 1.2% | ||
| Q2 25 | 2.2% | 1.6% | ||
| Q1 25 | 2.2% | 1.6% | ||
| Q4 24 | 2.4% | 2.2% | ||
| Q3 24 | 2.5% | 1.5% | ||
| Q2 24 | 8.0% | 1.8% | ||
| Q1 24 | 5.1% | 2.5% |
现金转化率AMWDKAI
| Q4 25 | 1.83× | — | ||
| Q3 25 | 2.27× | 1.70× | ||
| Q2 25 | 1.75× | 1.55× | ||
| Q1 25 | 0.66× | 0.95× | ||
| Q4 24 | 0.43× | 2.16× | ||
| Q3 24 | 1.38× | 1.66× | ||
| Q2 24 | 1.62× | 0.90× | ||
| Q1 24 | 2.06× | 0.92× |
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
AMWD
| Home Center Retailers | $166.7M | 42% |
| Builders | $164.7M | 42% |
| Independent Dealersand Distributors | $63.2M | 16% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
