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空气化工产品公司（APD）与PEABODY ENERGY CORP（BTU）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PEABODY ENERGY CORP的3.0倍（$3.1B vs $1.0B）。空气化工产品公司净利率更高（21.9% vs 1.2%，领先20.6%）。空气化工产品公司同比增速更快（5.8% vs -9.0%）。过去两年空气化工产品公司的营收复合增速更高（2.9% vs 1.9%）
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。
皮博迪能源是总部位于美国密苏里州圣路易斯的煤炭开采企业，核心业务涵盖煤炭的开采、销售与配送，产品主要供应给发电和炼钢领域。公司还通过中国、澳大利亚及美国的办公网点开展煤炭的营销、经纪和贸易业务。
APD vs BTU — 直观对比
营收规模更大
APD
是对方的3.0倍
$1.0B
营收增速更快
APD
高出14.8%
-9.0%
净利率更高
APD
高出20.6%
1.2%
两年增速更快
APD
近两年复合增速
1.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $1.0B |
| 净利润 | $678.2M | $12.4M |
| 毛利率 | 32.1% | — |
| 营业利润率 | 23.7% | 0.8% |
| 净利率 | 21.9% | 1.2% |
| 营收同比 | 5.8% | -9.0% |
| 净利润同比 | 9.8% | -67.2% |
| 每股收益（稀释后） | $3.04 | $0.11 |
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APDBTU
| Q4 25 | $3.1B | $1.0B | ||
| Q3 25 | $3.2B | $1.0B | ||
| Q2 25 | $3.0B | $890.1M | ||
| Q1 25 | $2.9B | $937.0M | ||
| Q4 24 | $2.9B | $1.1B | ||
| Q3 24 | $3.2B | $1.1B | ||
| Q2 24 | $3.0B | $1.0B | ||
| Q1 24 | $2.9B | $983.6M |
净利润APDBTU
| Q4 25 | $678.2M | $12.4M | ||
| Q3 25 | $4.9M | $-70.1M | ||
| Q2 25 | $713.8M | $-27.6M | ||
| Q1 25 | $-1.7B | $34.4M | ||
| Q4 24 | $617.4M | $37.8M | ||
| Q3 24 | $1.9B | $101.3M | ||
| Q2 24 | $696.6M | $199.4M | ||
| Q1 24 | $572.4M | $39.6M |
毛利率APDBTU
| Q4 25 | 32.1% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 32.5% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 31.2% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 32.8% | — | ||
| Q1 24 | 32.0% | — |
营业利润率APDBTU
| Q4 25 | 23.7% | 0.8% | ||
| Q3 25 | 0.5% | -8.0% | ||
| Q2 25 | 26.2% | -4.3% | ||
| Q1 25 | -79.8% | 3.4% | ||
| Q4 24 | 22.0% | 3.6% | ||
| Q3 24 | 76.1% | 11.0% | ||
| Q2 24 | 24.7% | 22.4% | ||
| Q1 24 | 21.7% | 5.2% |
净利率APDBTU
| Q4 25 | 21.9% | 1.2% | ||
| Q3 25 | 0.2% | -6.9% | ||
| Q2 25 | 23.6% | -3.1% | ||
| Q1 25 | -59.3% | 3.7% | ||
| Q4 24 | 21.1% | 3.4% | ||
| Q3 24 | 61.2% | 9.3% | ||
| Q2 24 | 23.3% | 19.1% | ||
| Q1 24 | 19.5% | 4.0% |
每股收益（稀释后）APDBTU
| Q4 25 | $3.04 | $0.11 | ||
| Q3 25 | $0.03 | $-0.58 | ||
| Q2 25 | $3.20 | $-0.23 | ||
| Q1 25 | $-7.77 | $0.27 | ||
| Q4 24 | $2.77 | $0.25 | ||
| Q3 24 | $8.75 | $0.74 | ||
| Q2 24 | $3.13 | $1.42 | ||
| Q1 24 | $2.57 | $0.29 |
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 | $1.0B | $575.3M |
| 总债务越低越好 | — | $321.2M |
| 股东权益账面价值 | $15.4B | $3.5B |
| 总资产 | $41.2B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资APDBTU
| Q4 25 | $1.0B | $575.3M | ||
| Q3 25 | $1.9B | $603.3M | ||
| Q2 25 | $2.3B | $585.9M | ||
| Q1 25 | $1.6B | $696.5M | ||
| Q4 24 | $2.0B | $700.4M | ||
| Q3 24 | $3.0B | $772.9M | ||
| Q2 24 | $2.4B | $621.7M | ||
| Q1 24 | $2.6B | $855.7M |
总债务APDBTU
| Q4 25 | — | $321.2M | ||
| Q3 25 | — | $321.8M | ||
| Q2 25 | — | $329.2M | ||
| Q1 25 | — | $331.2M | ||
| Q4 24 | — | $332.3M | ||
| Q3 24 | — | $323.7M | ||
| Q2 24 | — | $323.2M | ||
| Q1 24 | — | $323.3M |
股东权益APDBTU
| Q4 25 | $15.4B | $3.5B | ||
| Q3 25 | $15.0B | $3.5B | ||
| Q2 25 | $15.5B | $3.6B | ||
| Q1 25 | $14.7B | $3.7B | ||
| Q4 24 | $16.7B | $3.7B | ||
| Q3 24 | $17.0B | $3.6B | ||
| Q2 24 | $15.1B | $3.7B | ||
| Q1 24 | $14.9B | $3.5B |
总资产APDBTU
| Q4 25 | $41.2B | $5.8B | ||
| Q3 25 | $41.1B | $5.7B | ||
| Q2 25 | $41.7B | $5.8B | ||
| Q1 25 | $38.9B | $5.8B | ||
| Q4 24 | $40.0B | $6.0B | ||
| Q3 24 | $39.6B | $5.9B | ||
| Q2 24 | $37.0B | $5.9B | ||
| Q1 24 | $35.9B | $5.7B |
负债/权益比APDBTU
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.09× | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | 0.09× |
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 | $900.7M | $68.6M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | — |
| 自由现金流率自由现金流/营收 | -11.3% | — |
| 资本支出强度资本支出/营收 | 40.3% | — |
| 现金转化率经营现金流/净利润 | 1.33× | 5.53× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APDBTU
| Q4 25 | $900.7M | $68.6M | ||
| Q3 25 | — | $122.0M | ||
| Q2 25 | $855.8M | $23.2M | ||
| Q1 25 | $328.1M | $119.9M | ||
| Q4 24 | $811.7M | $119.8M | ||
| Q3 24 | — | $359.9M | ||
| Q2 24 | $1.3B | $7.8M | ||
| Q1 24 | $801.7M | $119.0M |
自由现金流APDBTU
| Q4 25 | $-350.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-640.0M | — | ||
| Q1 25 | $-1.6B | — | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-345.2M | — | ||
| Q1 24 | $-867.7M | — |
自由现金流率APDBTU
| Q4 25 | -11.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -21.2% | — | ||
| Q1 25 | -53.6% | — | ||
| Q4 24 | -44.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.6% | — | ||
| Q1 24 | -29.6% | — |
资本支出强度APDBTU
| Q4 25 | 40.3% | — | ||
| Q3 25 | 47.9% | — | ||
| Q2 25 | 49.5% | — | ||
| Q1 25 | 64.9% | — | ||
| Q4 24 | 72.2% | — | ||
| Q3 24 | 65.1% | — | ||
| Q2 24 | 53.8% | — | ||
| Q1 24 | 57.0% | — |
现金转化率APDBTU
| Q4 25 | 1.33× | 5.53× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | 3.49× | ||
| Q4 24 | 1.31× | 3.17× | ||
| Q3 24 | — | 3.55× | ||
| Q2 24 | 1.81× | 0.04× | ||
| Q1 24 | 1.40× | 3.01× |
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
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
BTU
| Seaborne Metallurgical Mining | $305.4M | 30% |
| Powder River Basin Mining | $300.3M | 29% |
| Seaborne Thermal Mining | $205.6M | 20% |
| Other | $182.1M | 18% |
| Thermal Coal | $28.9M | 3% |
