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空气化工产品公司（APD）与EAGLE MATERIALS INC（EXP）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EAGLE MATERIALS INC的5.6倍（$3.1B vs $556.0M）。空气化工产品公司净利率更高（21.9% vs 18.5%，领先3.4%）。空气化工产品公司同比增速更快（5.8% vs -0.4%）。EAGLE MATERIALS INC自由现金流更多（$60.8M vs $-350.5M）。过去两年EAGLE MATERIALS INC的营收复合增速更高（8.0% 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。
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
APD vs EXP — 直观对比
营收规模更大
APD
是对方的5.6倍
$556.0M
营收增速更快
APD
高出6.2%
-0.4%
净利率更高
APD
高出3.4%
18.5%
自由现金流更多
EXP
多$411.3M
$-350.5M
两年增速更快
EXP
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $556.0M |
| 净利润 | $678.2M | $102.9M |
| 毛利率 | 32.1% | 28.9% |
| 营业利润率 | 23.7% | — |
| 净利率 | 21.9% | 18.5% |
| 营收同比 | 5.8% | -0.4% |
| 净利润同比 | 9.8% | -13.9% |
| 每股收益（稀释后） | $3.04 | $3.22 |
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APDEXP
| Q4 25 | $3.1B | $556.0M | ||
| Q3 25 | $3.2B | $638.9M | ||
| Q2 25 | $3.0B | $634.7M | ||
| Q1 25 | $2.9B | $470.2M | ||
| Q4 24 | $2.9B | $558.0M | ||
| Q3 24 | $3.2B | $623.6M | ||
| Q2 24 | $3.0B | $608.7M | ||
| Q1 24 | $2.9B | $476.7M |
净利润APDEXP
| Q4 25 | $678.2M | $102.9M | ||
| Q3 25 | $4.9M | $137.4M | ||
| Q2 25 | $713.8M | $123.4M | ||
| Q1 25 | $-1.7B | $66.5M | ||
| Q4 24 | $617.4M | $119.6M | ||
| Q3 24 | $1.9B | $143.5M | ||
| Q2 24 | $696.6M | $133.8M | ||
| Q1 24 | $572.4M | $77.1M |
毛利率APDEXP
| Q4 25 | 32.1% | 28.9% | ||
| Q3 25 | 32.3% | 31.3% | ||
| Q2 25 | 32.5% | 29.2% | ||
| Q1 25 | 29.6% | 22.2% | ||
| Q4 24 | 31.2% | 31.9% | ||
| Q3 24 | 34.0% | 32.7% | ||
| Q2 24 | 32.8% | 30.7% | ||
| Q1 24 | 32.0% | 25.1% |
营业利润率APDEXP
| Q4 25 | 23.7% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 26.2% | — | ||
| Q1 25 | -79.8% | — | ||
| Q4 24 | 22.0% | 32.8% | ||
| Q3 24 | 76.1% | 34.2% | ||
| Q2 24 | 24.7% | 32.0% | ||
| Q1 24 | 21.7% | 26.9% |
净利率APDEXP
| Q4 25 | 21.9% | 18.5% | ||
| Q3 25 | 0.2% | 21.5% | ||
| Q2 25 | 23.6% | 19.4% | ||
| Q1 25 | -59.3% | 14.1% | ||
| Q4 24 | 21.1% | 21.4% | ||
| Q3 24 | 61.2% | 23.0% | ||
| Q2 24 | 23.3% | 22.0% | ||
| Q1 24 | 19.5% | 16.2% |
每股收益（稀释后）APDEXP
| Q4 25 | $3.04 | $3.22 | ||
| Q3 25 | $0.03 | $4.23 | ||
| Q2 25 | $3.20 | $3.76 | ||
| Q1 25 | $-7.77 | $2.01 | ||
| Q4 24 | $2.77 | $3.56 | ||
| Q3 24 | $8.75 | $4.26 | ||
| Q2 24 | $3.13 | $3.94 | ||
| Q1 24 | $2.57 | $2.23 |
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 | $419.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $1.5B |
| 总资产 | $41.2B | $3.8B |
| 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APDEXP
| Q4 25 | $1.0B | $419.0M | ||
| Q3 25 | $1.9B | $35.0M | ||
| Q2 25 | $2.3B | $59.7M | ||
| Q1 25 | $1.6B | $20.4M | ||
| Q4 24 | $2.0B | $31.2M | ||
| Q3 24 | $3.0B | $93.9M | ||
| Q2 24 | $2.4B | $46.5M | ||
| Q1 24 | $2.6B | $34.9M |
总债务APDEXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.1B |
股东权益APDEXP
| Q4 25 | $15.4B | $1.5B | ||
| Q3 25 | $15.0B | $1.5B | ||
| Q2 25 | $15.5B | $1.5B | ||
| Q1 25 | $14.7B | $1.5B | ||
| Q4 24 | $16.7B | $1.5B | ||
| Q3 24 | $17.0B | $1.4B | ||
| Q2 24 | $15.1B | $1.4B | ||
| Q1 24 | $14.9B | $1.3B |
总资产APDEXP
| Q4 25 | $41.2B | $3.8B | ||
| Q3 25 | $41.1B | $3.4B | ||
| Q2 25 | $41.7B | $3.4B | ||
| Q1 25 | $38.9B | $3.3B | ||
| Q4 24 | $40.0B | $3.0B | ||
| Q3 24 | $39.6B | $3.1B | ||
| Q2 24 | $37.0B | $3.0B | ||
| Q1 24 | $35.9B | $2.9B |
负债/权益比APDEXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.84× |
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 | $170.8M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $60.8M |
| 自由现金流率自由现金流/营收 | -11.3% | 10.9% |
| 资本支出强度资本支出/营收 | 40.3% | 19.8% |
| 现金转化率经营现金流/净利润 | 1.33× | 1.66× |
| 过去12个月自由现金流最近4个季度 | — | $231.8M |
8季度趋势，按日历期对齐
经营现金流APDEXP
| Q4 25 | $900.7M | $170.8M | ||
| Q3 25 | — | $204.6M | ||
| Q2 25 | $855.8M | $136.6M | ||
| Q1 25 | $328.1M | $62.8M | ||
| Q4 24 | $811.7M | $119.9M | ||
| Q3 24 | — | $233.3M | ||
| Q2 24 | $1.3B | $132.6M | ||
| Q1 24 | $801.7M | $63.4M |
自由现金流APDEXP
| Q4 25 | $-350.5M | $60.8M | ||
| Q3 25 | — | $96.1M | ||
| Q2 25 | $-640.0M | $60.5M | ||
| Q1 25 | $-1.6B | $14.5M | ||
| Q4 24 | $-1.3B | $72.5M | ||
| Q3 24 | — | $166.8M | ||
| Q2 24 | $-345.2M | $99.5M | ||
| Q1 24 | $-867.7M | $30.9M |
自由现金流率APDEXP
| Q4 25 | -11.3% | 10.9% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | -21.2% | 9.5% | ||
| Q1 25 | -53.6% | 3.1% | ||
| Q4 24 | -44.5% | 13.0% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | -11.6% | 16.3% | ||
| Q1 24 | -29.6% | 6.5% |
资本支出强度APDEXP
| Q4 25 | 40.3% | 19.8% | ||
| Q3 25 | 47.9% | 17.0% | ||
| Q2 25 | 49.5% | 12.0% | ||
| Q1 25 | 64.9% | 10.3% | ||
| Q4 24 | 72.2% | 8.5% | ||
| Q3 24 | 65.1% | 10.7% | ||
| Q2 24 | 53.8% | 5.4% | ||
| Q1 24 | 57.0% | 6.8% |
现金转化率APDEXP
| Q4 25 | 1.33× | 1.66× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 1.20× | 1.11× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | 1.31× | 1.00× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | 1.81× | 0.99× | ||
| Q1 24 | 1.40× | 0.82× |
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% |
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
