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空气化工产品公司（APD）与加拿大国家铁路（CP）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加拿大国家铁路的1.1倍（$3.1B vs $2.8B），加拿大国家铁路净利率更高（27.7% vs 21.9%，领先5.8%），空气化工产品公司同比增速更快（5.8% vs 1.3%），加拿大国家铁路自由现金流更多（$537.3M vs $-350.5M），过去两年加拿大国家铁路的营收复合增速更高（5.6% 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。
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
APD vs CP — 直观对比
营收规模更大
APD
是对方的1.1倍
$2.8B
营收增速更快
APD
高出4.5%
1.3%
净利率更高
CP
高出5.8%
21.9%
自由现金流更多
CP
多$887.8M
$-350.5M
两年增速更快
CP
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.8B |
| 净利润 | $678.2M | $786.2M |
| 毛利率 | 32.1% | — |
| 营业利润率 | 23.7% | 41.4% |
| 净利率 | 21.9% | 27.7% |
| 营收同比 | 5.8% | 1.3% |
| 净利润同比 | 9.8% | -10.3% |
| 每股收益（稀释后） | $3.04 | — |
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APDCP
| Q4 25 | $3.1B | $2.8B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $3.0B | $2.7B | ||
| Q1 25 | $2.9B | $2.8B | ||
| Q4 24 | $2.9B | $2.8B | ||
| Q3 24 | $3.2B | $2.6B | ||
| Q2 24 | $3.0B | $2.6B | ||
| Q1 24 | $2.9B | $2.5B |
净利润APDCP
| Q4 25 | $678.2M | $786.2M | ||
| Q3 25 | $4.9M | $671.6M | ||
| Q2 25 | $713.8M | $900.8M | ||
| Q1 25 | $-1.7B | $664.3M | ||
| Q4 24 | $617.4M | $876.7M | ||
| Q3 24 | $1.9B | $611.0M | ||
| Q2 24 | $696.6M | $660.6M | ||
| Q1 24 | $572.4M | $565.8M |
毛利率APDCP
| 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APDCP
| Q4 25 | 23.7% | 41.4% | ||
| Q3 25 | 0.5% | 36.8% | ||
| Q2 25 | 26.2% | 36.6% | ||
| Q1 25 | -79.8% | 35.0% | ||
| Q4 24 | 22.0% | 40.6% | ||
| Q3 24 | 76.1% | 34.3% | ||
| Q2 24 | 24.7% | 35.4% | ||
| Q1 24 | 21.7% | 32.9% |
净利率APDCP
| Q4 25 | 21.9% | 27.7% | ||
| Q3 25 | 0.2% | 25.3% | ||
| Q2 25 | 23.6% | 33.6% | ||
| Q1 25 | -59.3% | 24.2% | ||
| Q4 24 | 21.1% | 31.2% | ||
| Q3 24 | 61.2% | 23.9% | ||
| Q2 24 | 23.3% | 25.3% | ||
| Q1 24 | 19.5% | 22.2% |
每股收益（稀释后）APDCP
| Q4 25 | $3.04 | — | ||
| Q3 25 | $0.03 | — | ||
| Q2 25 | $3.20 | — | ||
| Q1 25 | $-7.77 | — | ||
| Q4 24 | $2.77 | — | ||
| Q3 24 | $8.75 | — | ||
| Q2 24 | $3.13 | — | ||
| Q1 24 | $2.57 | — |
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 | $134.3M |
| 总债务越低越好 | — | $14.6B |
| 股东权益账面价值 | $15.4B | $33.5B |
| 总资产 | $41.2B | $62.7B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资APDCP
| Q4 25 | $1.0B | $134.3M | ||
| Q3 25 | $1.9B | $300.0M | ||
| Q2 25 | $2.3B | $583.3M | ||
| Q1 25 | $1.6B | $507.4M | ||
| Q4 24 | $2.0B | $539.5M | ||
| Q3 24 | $3.0B | $338.0M | ||
| Q2 24 | $2.4B | $406.6M | ||
| Q1 24 | $2.6B | $378.9M |
总债务APDCP
| Q4 25 | — | $14.6B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $14.5B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.8B | ||
| Q1 24 | — | $13.7B |
股东权益APDCP
| Q4 25 | $15.4B | $33.5B | ||
| Q3 25 | $15.0B | $33.4B | ||
| Q2 25 | $15.5B | $33.7B | ||
| Q1 25 | $14.7B | $35.2B | ||
| Q4 24 | $16.7B | $35.0B | ||
| Q3 24 | $17.0B | $32.2B | ||
| Q2 24 | $15.1B | $32.0B | ||
| Q1 24 | $14.9B | $31.3B |
总资产APDCP
| Q4 25 | $41.2B | $62.7B | ||
| Q3 25 | $41.1B | $63.3B | ||
| Q2 25 | $41.7B | $62.2B | ||
| Q1 25 | $38.9B | $64.3B | ||
| Q4 24 | $40.0B | $64.1B | ||
| Q3 24 | $39.6B | $60.0B | ||
| Q2 24 | $37.0B | $60.4B | ||
| Q1 24 | $35.9B | $59.6B |
负债/权益比APDCP
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.44× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $537.3M |
| 自由现金流率自由现金流/营收 | -11.3% | 18.9% |
| 资本支出强度资本支出/营收 | 40.3% | 20.2% |
| 现金转化率经营现金流/净利润 | 1.33× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流APDCP
| Q4 25 | $900.7M | $1.1B | ||
| Q3 25 | — | $930.0M | ||
| Q2 25 | $855.8M | $989.1M | ||
| Q1 25 | $328.1M | $843.9M | ||
| Q4 24 | $811.7M | $1.2B | ||
| Q3 24 | — | $928.6M | ||
| Q2 24 | $1.3B | $932.9M | ||
| Q1 24 | $801.7M | $741.0M |
自由现金流APDCP
| Q4 25 | $-350.5M | $537.3M | ||
| Q3 25 | — | $302.2M | ||
| Q2 25 | $-640.0M | $446.8M | ||
| Q1 25 | $-1.6B | $324.9M | ||
| Q4 24 | $-1.3B | $702.3M | ||
| Q3 24 | — | $382.5M | ||
| Q2 24 | $-345.2M | $343.1M | ||
| Q1 24 | $-867.7M | $356.2M |
自由现金流率APDCP
| Q4 25 | -11.3% | 18.9% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | -21.2% | 16.7% | ||
| Q1 25 | -53.6% | 11.8% | ||
| Q4 24 | -44.5% | 25.0% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | -11.6% | 13.1% | ||
| Q1 24 | -29.6% | 14.0% |
资本支出强度APDCP
| Q4 25 | 40.3% | 20.2% | ||
| Q3 25 | 47.9% | 23.7% | ||
| Q2 25 | 49.5% | 20.2% | ||
| Q1 25 | 64.9% | 18.9% | ||
| Q4 24 | 72.2% | 19.3% | ||
| Q3 24 | 65.1% | 21.4% | ||
| Q2 24 | 53.8% | 22.6% | ||
| Q1 24 | 57.0% | 15.1% |
现金转化率APDCP
| Q4 25 | 1.33× | 1.42× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | 1.20× | 1.10× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | 1.31× | 1.42× | ||
| Q3 24 | — | 1.52× | ||
| Q2 24 | 1.81× | 1.41× | ||
| Q1 24 | 1.40× | 1.31× |
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% |
CP
暂无分部数据
