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空气化工产品公司（APD）与CAVCO INDUSTRIES, INC.（CVCO）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CAVCO INDUSTRIES, INC.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 7.6%，领先14.3%）。CAVCO INDUSTRIES, INC.同比增速更快（11.3% vs 5.8%）。CAVCO INDUSTRIES, INC.自由现金流更多（$57.6M vs $-350.5M）。过去两年CAVCO INDUSTRIES, INC.的营收复合增速更高（17.6% 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。
Cavco工业是总部位于美国亚利桑那州凤凰城的制造企业，主营模块化住宅、休闲房车、度假木屋及预制房屋产品，在美国各地布局有完善的制造工厂与零售门店网络，可满足多元居住及休闲场景的使用需求。
APD vs CVCO — 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
CVCO
高出5.5%
5.8%
净利率更高
APD
高出14.3%
7.6%
自由现金流更多
CVCO
多$408.1M
$-350.5M
两年增速更快
CVCO
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $581.0M |
| 净利润 | $678.2M | $44.1M |
| 毛利率 | 32.1% | 23.4% |
| 营业利润率 | 23.7% | 9.4% |
| 净利率 | 21.9% | 7.6% |
| 营收同比 | 5.8% | 11.3% |
| 净利润同比 | 9.8% | -22.0% |
| 每股收益（稀释后） | $3.04 | $5.58 |
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APDCVCO
| Q4 25 | $3.1B | $581.0M | ||
| Q3 25 | $3.2B | $556.5M | ||
| Q2 25 | $3.0B | $556.9M | ||
| Q1 25 | $2.9B | $508.4M | ||
| Q4 24 | $2.9B | $522.0M | ||
| Q3 24 | $3.2B | $507.5M | ||
| Q2 24 | $3.0B | $477.6M | ||
| Q1 24 | $2.9B | $420.1M |
净利润APDCVCO
| Q4 25 | $678.2M | $44.1M | ||
| Q3 25 | $4.9M | $52.4M | ||
| Q2 25 | $713.8M | $51.6M | ||
| Q1 25 | $-1.7B | $36.3M | ||
| Q4 24 | $617.4M | $56.5M | ||
| Q3 24 | $1.9B | $43.8M | ||
| Q2 24 | $696.6M | $34.4M | ||
| Q1 24 | $572.4M | $33.9M |
毛利率APDCVCO
| Q4 25 | 32.1% | 23.4% | ||
| Q3 25 | 32.3% | 24.2% | ||
| Q2 25 | 32.5% | 23.3% | ||
| Q1 25 | 29.6% | 22.8% | ||
| Q4 24 | 31.2% | 24.9% | ||
| Q3 24 | 34.0% | 22.9% | ||
| Q2 24 | 32.8% | 21.7% | ||
| Q1 24 | 32.0% | 23.6% |
营业利润率APDCVCO
| Q4 25 | 23.7% | 9.4% | ||
| Q3 25 | 0.5% | 11.2% | ||
| Q2 25 | 26.2% | 10.8% | ||
| Q1 25 | -79.8% | 7.6% | ||
| Q4 24 | 22.0% | 12.3% | ||
| Q3 24 | 76.1% | 9.7% | ||
| Q2 24 | 24.7% | 8.1% | ||
| Q1 24 | 21.7% | 8.9% |
净利率APDCVCO
| Q4 25 | 21.9% | 7.6% | ||
| Q3 25 | 0.2% | 9.4% | ||
| Q2 25 | 23.6% | 9.3% | ||
| Q1 25 | -59.3% | 7.1% | ||
| Q4 24 | 21.1% | 10.8% | ||
| Q3 24 | 61.2% | 8.6% | ||
| Q2 24 | 23.3% | 7.2% | ||
| Q1 24 | 19.5% | 8.1% |
每股收益（稀释后）APDCVCO
| Q4 25 | $3.04 | $5.58 | ||
| Q3 25 | $0.03 | $6.55 | ||
| Q2 25 | $3.20 | $6.42 | ||
| Q1 25 | $-7.77 | $4.42 | ||
| Q4 24 | $2.77 | $6.90 | ||
| Q3 24 | $8.75 | $5.28 | ||
| Q2 24 | $3.13 | $4.11 | ||
| Q1 24 | $2.57 | $4.05 |
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 | $241.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $1.1B |
| 总资产 | $41.2B | $1.5B |
| 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APDCVCO
| Q4 25 | $1.0B | $241.9M | ||
| Q3 25 | $1.9B | $391.8M | ||
| Q2 25 | $2.3B | $362.4M | ||
| Q1 25 | $1.6B | $376.1M | ||
| Q4 24 | $2.0B | $378.9M | ||
| Q3 24 | $3.0B | $388.7M | ||
| Q2 24 | $2.4B | $380.0M | ||
| Q1 24 | $2.6B | $371.0M |
股东权益APDCVCO
| Q4 25 | $15.4B | $1.1B | ||
| Q3 25 | $15.0B | $1.1B | ||
| Q2 25 | $15.5B | $1.1B | ||
| Q1 25 | $14.7B | $1.1B | ||
| Q4 24 | $16.7B | $1.1B | ||
| Q3 24 | $17.0B | $1.0B | ||
| Q2 24 | $15.1B | $1.0B | ||
| Q1 24 | $14.9B | $1.0B |
总资产APDCVCO
| Q4 25 | $41.2B | $1.5B | ||
| Q3 25 | $41.1B | $1.4B | ||
| Q2 25 | $41.7B | $1.4B | ||
| Q1 25 | $38.9B | $1.4B | ||
| Q4 24 | $40.0B | $1.4B | ||
| Q3 24 | $39.6B | $1.4B | ||
| Q2 24 | $37.0B | $1.4B | ||
| Q1 24 | $35.9B | $1.4B |
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 | $66.1M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $57.6M |
| 自由现金流率自由现金流/营收 | -11.3% | 9.9% |
| 资本支出强度资本支出/营收 | 40.3% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.33× | 1.50× |
| 过去12个月自由现金流最近4个季度 | — | $205.3M |
8季度趋势，按日历期对齐
经营现金流APDCVCO
| Q4 25 | $900.7M | $66.1M | ||
| Q3 25 | — | $78.5M | ||
| Q2 25 | $855.8M | $55.5M | ||
| Q1 25 | $328.1M | $38.6M | ||
| Q4 24 | $811.7M | $37.8M | ||
| Q3 24 | — | $54.7M | ||
| Q2 24 | $1.3B | $47.4M | ||
| Q1 24 | $801.7M | — |
自由现金流APDCVCO
| Q4 25 | $-350.5M | $57.6M | ||
| Q3 25 | — | $68.7M | ||
| Q2 25 | $-640.0M | $46.4M | ||
| Q1 25 | $-1.6B | $32.5M | ||
| Q4 24 | $-1.3B | $32.3M | ||
| Q3 24 | — | $49.8M | ||
| Q2 24 | $-345.2M | $42.4M | ||
| Q1 24 | $-867.7M | — |
自由现金流率APDCVCO
| Q4 25 | -11.3% | 9.9% | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | -21.2% | 8.3% | ||
| Q1 25 | -53.6% | 6.4% | ||
| Q4 24 | -44.5% | 6.2% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | -11.6% | 8.9% | ||
| Q1 24 | -29.6% | — |
资本支出强度APDCVCO
| Q4 25 | 40.3% | 1.5% | ||
| Q3 25 | 47.9% | 1.7% | ||
| Q2 25 | 49.5% | 1.6% | ||
| Q1 25 | 64.9% | 1.2% | ||
| Q4 24 | 72.2% | 1.0% | ||
| Q3 24 | 65.1% | 1.0% | ||
| Q2 24 | 53.8% | 1.0% | ||
| Q1 24 | 57.0% | — |
现金转化率APDCVCO
| Q4 25 | 1.33× | 1.50× | ||
| Q3 25 | — | 1.50× | ||
| Q2 25 | 1.20× | 1.08× | ||
| Q1 25 | — | 1.06× | ||
| Q4 24 | 1.31× | 0.67× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | 1.81× | 1.38× | ||
| Q1 24 | 1.40× | — |
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% |
CVCO
| Manufactured Product Other | $532.5M | 92% |
| Other | $26.0M | 4% |
| Financial Service Other | $20.5M | 4% |
| Insurance Agency Commissions | $2.0M | 0% |
