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空气化工产品公司（APD）与CENTURY ALUMINUM CO（CENX）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CENTURY ALUMINUM CO的4.9倍（$3.1B vs $633.7M）。空气化工产品公司净利率更高（21.9% vs 0.3%，领先21.6%）。空气化工产品公司同比增速更快（5.8% vs 0.4%）。CENTURY ALUMINUM CO自由现金流更多（$67.7M vs $-350.5M）。过去两年CENTURY ALUMINUM CO的营收复合增速更高（13.8% vs 2.9%）
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。
世纪铝业是总部位于美国的原铝生产商，在美国肯塔基州、南卡罗来纳州及冰岛均设有铝生产工厂，是美国规模最大的原铝生产商，在纳斯达克上市，总部坐落于芝加哥南瓦克尔大道1号。
APD vs CENX — 直观对比
营收规模更大
APD
是对方的4.9倍
$633.7M
营收增速更快
APD
高出5.4%
0.4%
净利率更高
APD
高出21.6%
0.3%
自由现金流更多
CENX
多$418.2M
$-350.5M
两年增速更快
CENX
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $633.7M |
| 净利润 | $678.2M | $1.8M |
| 毛利率 | 32.1% | 13.0% |
| 营业利润率 | 23.7% | 5.2% |
| 净利率 | 21.9% | 0.3% |
| 营收同比 | 5.8% | 0.4% |
| 净利润同比 | 9.8% | -96.0% |
| 每股收益（稀释后） | $3.04 | $0.03 |
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APDCENX
| Q4 25 | $3.1B | $633.7M | ||
| Q3 25 | $3.2B | $632.2M | ||
| Q2 25 | $3.0B | $628.1M | ||
| Q1 25 | $2.9B | $633.9M | ||
| Q4 24 | $2.9B | $630.9M | ||
| Q3 24 | $3.2B | $539.1M | ||
| Q2 24 | $3.0B | $560.8M | ||
| Q1 24 | $2.9B | $489.5M |
净利润APDCENX
| Q4 25 | $678.2M | $1.8M | ||
| Q3 25 | $4.9M | $14.9M | ||
| Q2 25 | $713.8M | $-4.6M | ||
| Q1 25 | $-1.7B | $29.7M | ||
| Q4 24 | $617.4M | $45.2M | ||
| Q3 24 | $1.9B | $47.3M | ||
| Q2 24 | $696.6M | $-2.5M | ||
| Q1 24 | $572.4M | $246.8M |
毛利率APDCENX
| Q4 25 | 32.1% | 13.0% | ||
| Q3 25 | 32.3% | 12.2% | ||
| Q2 25 | 32.5% | 5.8% | ||
| Q1 25 | 29.6% | 9.6% | ||
| Q4 24 | 31.2% | 10.5% | ||
| Q3 24 | 34.0% | 15.2% | ||
| Q2 24 | 32.8% | 3.6% | ||
| Q1 24 | 32.0% | 3.4% |
营业利润率APDCENX
| Q4 25 | 23.7% | 5.2% | ||
| Q3 25 | 0.5% | 9.2% | ||
| Q2 25 | 26.2% | 3.3% | ||
| Q1 25 | -79.8% | 7.3% | ||
| Q4 24 | 22.0% | 7.8% | ||
| Q3 24 | 76.1% | 11.8% | ||
| Q2 24 | 24.7% | 1.1% | ||
| Q1 24 | 21.7% | 0.4% |
净利率APDCENX
| Q4 25 | 21.9% | 0.3% | ||
| Q3 25 | 0.2% | 2.4% | ||
| Q2 25 | 23.6% | -0.7% | ||
| Q1 25 | -59.3% | 4.7% | ||
| Q4 24 | 21.1% | 7.2% | ||
| Q3 24 | 61.2% | 8.8% | ||
| Q2 24 | 23.3% | -0.4% | ||
| Q1 24 | 19.5% | 50.4% |
每股收益（稀释后）APDCENX
| Q4 25 | $3.04 | $0.03 | ||
| Q3 25 | $0.03 | $0.15 | ||
| Q2 25 | $3.20 | $-0.05 | ||
| Q1 25 | $-7.77 | $0.29 | ||
| Q4 24 | $2.77 | $0.58 | ||
| Q3 24 | $8.75 | $0.46 | ||
| Q2 24 | $3.13 | $-0.03 | ||
| Q1 24 | $2.57 | $2.26 |
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 | $134.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $805.6M |
| 总资产 | $41.2B | $2.3B |
| 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APDCENX
| Q4 25 | $1.0B | $134.2M | ||
| Q3 25 | $1.9B | $151.4M | ||
| Q2 25 | $2.3B | $40.7M | ||
| Q1 25 | $1.6B | $44.9M | ||
| Q4 24 | $2.0B | $32.9M | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.4B | $41.3M | ||
| Q1 24 | $2.6B | $93.5M |
股东权益APDCENX
| Q4 25 | $15.4B | $805.6M | ||
| Q3 25 | $15.0B | $741.8M | ||
| Q2 25 | $15.5B | $724.4M | ||
| Q1 25 | $14.7B | $726.3M | ||
| Q4 24 | $16.7B | $694.4M | ||
| Q3 24 | $17.0B | $628.5M | ||
| Q2 24 | $15.1B | $601.5M | ||
| Q1 24 | $14.9B | $601.5M |
总资产APDCENX
| Q4 25 | $41.2B | $2.3B | ||
| Q3 25 | $41.1B | $2.1B | ||
| Q2 25 | $41.7B | $1.9B | ||
| Q1 25 | $38.9B | $2.0B | ||
| Q4 24 | $40.0B | $1.9B | ||
| Q3 24 | $39.6B | $2.1B | ||
| Q2 24 | $37.0B | $1.8B | ||
| Q1 24 | $35.9B | $1.8B |
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 | $102.8M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $67.7M |
| 自由现金流率自由现金流/营收 | -11.3% | 10.7% |
| 资本支出强度资本支出/营收 | 40.3% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.33× | 57.11× |
| 过去12个月自由现金流最近4个季度 | — | $84.8M |
8季度趋势，按日历期对齐
经营现金流APDCENX
| Q4 25 | $900.7M | $102.8M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | $855.8M | $7.9M | ||
| Q1 25 | $328.1M | $72.3M | ||
| Q4 24 | $811.7M | $-41.4M | ||
| Q3 24 | — | $20.1M | ||
| Q2 24 | $1.3B | $11.5M | ||
| Q1 24 | $801.7M | $-14.8M |
自由现金流APDCENX
| Q4 25 | $-350.5M | $67.7M | ||
| Q3 25 | — | $-18.1M | ||
| Q2 25 | $-640.0M | $-15.9M | ||
| Q1 25 | $-1.6B | $51.1M | ||
| Q4 24 | $-1.3B | $-54.6M | ||
| Q3 24 | — | $-2.4M | ||
| Q2 24 | $-345.2M | $-5.4M | ||
| Q1 24 | $-867.7M | $-44.5M |
自由现金流率APDCENX
| Q4 25 | -11.3% | 10.7% | ||
| Q3 25 | — | -2.9% | ||
| Q2 25 | -21.2% | -2.5% | ||
| Q1 25 | -53.6% | 8.1% | ||
| Q4 24 | -44.5% | -8.7% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | -11.6% | -1.0% | ||
| Q1 24 | -29.6% | -9.1% |
资本支出强度APDCENX
| Q4 25 | 40.3% | 5.5% | ||
| Q3 25 | 47.9% | 3.2% | ||
| Q2 25 | 49.5% | 3.8% | ||
| Q1 25 | 64.9% | 3.3% | ||
| Q4 24 | 72.2% | 2.1% | ||
| Q3 24 | 65.1% | 4.2% | ||
| Q2 24 | 53.8% | 3.0% | ||
| Q1 24 | 57.0% | 6.1% |
现金转化率APDCENX
| Q4 25 | 1.33× | 57.11× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | 2.43× | ||
| Q4 24 | 1.31× | -0.92× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | 1.81× | — | ||
| Q1 24 | 1.40× | -0.06× |
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% |
CENX
| Aluminum | $566.3M | 89% |
| Alumina | $67.4M | 11% |
