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空气化工产品公司（APD）与克瑞（CR）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克瑞的5.3倍（$3.1B vs $581.0M）。空气化工产品公司净利率更高（21.9% vs 14.1%，领先7.8%）。克瑞同比增速更快（6.8% vs 5.8%）。克瑞自由现金流更多（$196.0M vs $-350.5M）。过去两年克瑞的营收复合增速更高（6.7% 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。
克瑞是总部位于美国康涅狄格州斯坦福德的工业产品企业，1855年由理查德·泰勒·克兰创立。公司曾是美国领先卫浴配件制造商，1990年出售该业务板块，1960年起逐步转型为多元化控股集团，当前核心业务涵盖航空航天与电子、工程材料、流体处理、控制系统四大板块，服务化工等多个行业领域。
APD vs CR — 直观对比
营收规模更大
APD
是对方的5.3倍
$581.0M
营收增速更快
CR
高出0.9%
5.8%
净利率更高
APD
高出7.8%
14.1%
自由现金流更多
CR
多$546.5M
$-350.5M
两年增速更快
CR
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $581.0M |
| 净利润 | $678.2M | $81.7M |
| 毛利率 | 32.1% | 41.6% |
| 营业利润率 | 23.7% | 17.5% |
| 净利率 | 21.9% | 14.1% |
| 营收同比 | 5.8% | 6.8% |
| 净利润同比 | 9.8% | 0.9% |
| 每股收益（稀释后） | $3.04 | $1.40 |
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APDCR
| Q4 25 | $3.1B | $581.0M | ||
| Q3 25 | $3.2B | $589.2M | ||
| Q2 25 | $3.0B | $577.2M | ||
| Q1 25 | $2.9B | $557.6M | ||
| Q4 24 | $2.9B | $544.1M | ||
| Q3 24 | $3.2B | $548.3M | ||
| Q2 24 | $3.0B | $528.6M | ||
| Q1 24 | $2.9B | $510.2M |
净利润APDCR
| Q4 25 | $678.2M | $81.7M | ||
| Q3 25 | $4.9M | $91.4M | ||
| Q2 25 | $713.8M | $86.4M | ||
| Q1 25 | $-1.7B | $107.1M | ||
| Q4 24 | $617.4M | $81.0M | ||
| Q3 24 | $1.9B | $77.3M | ||
| Q2 24 | $696.6M | $71.6M | ||
| Q1 24 | $572.4M | $64.8M |
毛利率APDCR
| Q4 25 | 32.1% | 41.6% | ||
| Q3 25 | 32.3% | 42.7% | ||
| Q2 25 | 32.5% | 42.0% | ||
| Q1 25 | 29.6% | 42.6% | ||
| Q4 24 | 31.2% | 40.9% | ||
| Q3 24 | 34.0% | 41.4% | ||
| Q2 24 | 32.8% | 40.0% | ||
| Q1 24 | 32.0% | 40.5% |
营业利润率APDCR
| Q4 25 | 23.7% | 17.5% | ||
| Q3 25 | 0.5% | 20.1% | ||
| Q2 25 | 26.2% | 17.8% | ||
| Q1 25 | -79.8% | 18.1% | ||
| Q4 24 | 22.0% | 15.8% | ||
| Q3 24 | 76.1% | 18.1% | ||
| Q2 24 | 24.7% | 16.9% | ||
| Q1 24 | 21.7% | 15.9% |
净利率APDCR
| Q4 25 | 21.9% | 14.1% | ||
| Q3 25 | 0.2% | 15.5% | ||
| Q2 25 | 23.6% | 15.0% | ||
| Q1 25 | -59.3% | 19.2% | ||
| Q4 24 | 21.1% | 14.9% | ||
| Q3 24 | 61.2% | 14.1% | ||
| Q2 24 | 23.3% | 13.5% | ||
| Q1 24 | 19.5% | 12.7% |
每股收益（稀释后）APDCR
| Q4 25 | $3.04 | $1.40 | ||
| Q3 25 | $0.03 | $1.56 | ||
| Q2 25 | $3.20 | $1.47 | ||
| Q1 25 | $-7.77 | $1.83 | ||
| Q4 24 | $2.77 | $1.37 | ||
| Q3 24 | $8.75 | $1.33 | ||
| Q2 24 | $3.13 | $1.23 | ||
| Q1 24 | $2.57 | $1.12 |
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 | $506.5M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $15.4B | $2.1B |
| 总资产 | $41.2B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资APDCR
| Q4 25 | $1.0B | $506.5M | ||
| Q3 25 | $1.9B | $388.2M | ||
| Q2 25 | $2.3B | $332.2M | ||
| Q1 25 | $1.6B | $435.1M | ||
| Q4 24 | $2.0B | $306.7M | ||
| Q3 24 | $3.0B | $258.2M | ||
| Q2 24 | $2.4B | $229.3M | ||
| Q1 24 | $2.6B | $219.4M |
总债务APDCR
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $247.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APDCR
| Q4 25 | $15.4B | $2.1B | ||
| Q3 25 | $15.0B | $2.0B | ||
| Q2 25 | $15.5B | $1.9B | ||
| Q1 25 | $14.7B | $1.8B | ||
| Q4 24 | $16.7B | $1.6B | ||
| Q3 24 | $17.0B | $1.6B | ||
| Q2 24 | $15.1B | $1.5B | ||
| Q1 24 | $14.9B | $1.4B |
总资产APDCR
| Q4 25 | $41.2B | $3.9B | ||
| Q3 25 | $41.1B | $2.5B | ||
| Q2 25 | $41.7B | $2.5B | ||
| Q1 25 | $38.9B | $2.6B | ||
| Q4 24 | $40.0B | $2.6B | ||
| Q3 24 | $39.6B | $2.7B | ||
| Q2 24 | $37.0B | $2.5B | ||
| Q1 24 | $35.9B | $2.4B |
负债/权益比APDCR
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $205.8M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $196.0M |
| 自由现金流率自由现金流/营收 | -11.3% | 33.7% |
| 资本支出强度资本支出/营收 | 40.3% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.33× | 2.52× |
| 过去12个月自由现金流最近4个季度 | — | $341.3M |
8季度趋势，按日历期对齐
经营现金流APDCR
| Q4 25 | $900.7M | $205.8M | ||
| Q3 25 | — | $130.2M | ||
| Q2 25 | $855.8M | $105.0M | ||
| Q1 25 | $328.1M | $-46.2M | ||
| Q4 24 | $811.7M | $202.0M | ||
| Q3 24 | — | $75.4M | ||
| Q2 24 | $1.3B | $51.3M | ||
| Q1 24 | $801.7M | $-70.9M |
自由现金流APDCR
| Q4 25 | $-350.5M | $196.0M | ||
| Q3 25 | — | $116.8M | ||
| Q2 25 | $-640.0M | $88.9M | ||
| Q1 25 | $-1.6B | $-60.4M | ||
| Q4 24 | $-1.3B | $188.2M | ||
| Q3 24 | — | $67.3M | ||
| Q2 24 | $-345.2M | $44.6M | ||
| Q1 24 | $-867.7M | $-78.9M |
自由现金流率APDCR
| Q4 25 | -11.3% | 33.7% | ||
| Q3 25 | — | 19.8% | ||
| Q2 25 | -21.2% | 15.4% | ||
| Q1 25 | -53.6% | -10.8% | ||
| Q4 24 | -44.5% | 34.6% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | -11.6% | 8.4% | ||
| Q1 24 | -29.6% | -15.5% |
资本支出强度APDCR
| Q4 25 | 40.3% | 1.7% | ||
| Q3 25 | 47.9% | 2.3% | ||
| Q2 25 | 49.5% | 2.8% | ||
| Q1 25 | 64.9% | 2.5% | ||
| Q4 24 | 72.2% | 2.5% | ||
| Q3 24 | 65.1% | 1.5% | ||
| Q2 24 | 53.8% | 1.3% | ||
| Q1 24 | 57.0% | 1.6% |
现金转化率APDCR
| Q4 25 | 1.33× | 2.52× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | 1.20× | 1.22× | ||
| Q1 25 | — | -0.43× | ||
| Q4 24 | 1.31× | 2.49× | ||
| Q3 24 | — | 0.98× | ||
| Q2 24 | 1.81× | 0.72× | ||
| Q1 24 | 1.40× | -1.09× |
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% |
CR
| Process Valvesand Related Products | $234.7M | 40% |
| Commercial Original Equipment | $107.2M | 18% |
| Militaryand Other Original Equipment | $76.2M | 13% |
| Commercial Aftermarket Products | $62.9M | 11% |
| Pumps Systems | $40.0M | 7% |
| Commercial Valves | $34.7M | 6% |
| Military Aftermarket Products | $25.3M | 4% |
