vs
空气化工产品公司（APD）与哈特福德（HIG）财务数据对比。点击上方公司名可切换其他公司
哈特福德的季度营收约是空气化工产品公司的1.3倍（$4.1B vs $3.1B），空气化工产品公司净利率更高（21.9% vs 13.2%，领先8.7%），空气化工产品公司同比增速更快（5.8% vs -43.7%），过去两年空气化工产品公司的营收复合增速更高（2.9% vs -20.8%）
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。
哈特福德（The Hartford）是美国头部保险企业，位列2024年《财富》世界500强第162位，总部位于康涅狄格州哈特福德市。集团拥有200余年行业经验，在财产意外险、员工福利及共同基金领域处于领先地位，凭借优质服务、可持续运营与诚信经营广受认可。
APD vs HIG — 直观对比
营收规模更大
HIG
是对方的1.3倍
$3.1B
营收增速更快
APD
高出49.5%
-43.7%
净利率更高
APD
高出8.7%
13.2%
两年增速更快
APD
近两年复合增速
-20.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.1B |
| 净利润 | $678.2M | $536.0M |
| 毛利率 | 32.1% | — |
| 营业利润率 | 23.7% | — |
| 净利率 | 21.9% | 13.2% |
| 营收同比 | 5.8% | -43.7% |
| 净利润同比 | 9.8% | 12.0% |
| 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APDHIG
| Q1 26 | — | $4.1B | ||
| Q4 25 | $3.1B | $7.3B | ||
| Q3 25 | $3.2B | $7.2B | ||
| Q2 25 | $3.0B | $7.0B | ||
| Q1 25 | $2.9B | $6.8B | ||
| Q4 24 | $2.9B | $6.9B | ||
| Q3 24 | $3.2B | $6.8B | ||
| Q2 24 | $3.0B | $6.5B |
净利润APDHIG
| Q1 26 | — | $536.0M | ||
| Q4 25 | $678.2M | — | ||
| Q3 25 | $4.9M | $1.1B | ||
| Q2 25 | $713.8M | $995.0M | ||
| Q1 25 | $-1.7B | $630.0M | ||
| Q4 24 | $617.4M | — | ||
| Q3 24 | $1.9B | $767.0M | ||
| Q2 24 | $696.6M | $738.0M |
毛利率APDHIG
| Q1 26 | — | — | ||
| 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% | — |
营业利润率APDHIG
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 19.3% | ||
| Q3 25 | 0.5% | 18.2% | ||
| Q2 25 | 26.2% | 17.8% | ||
| Q1 25 | -79.8% | 11.5% | ||
| Q4 24 | 22.0% | 15.6% | ||
| Q3 24 | 76.1% | 14.1% | ||
| Q2 24 | 24.7% | 14.1% |
净利率APDHIG
| Q1 26 | — | 13.2% | ||
| Q4 25 | 21.9% | — | ||
| Q3 25 | 0.2% | 14.9% | ||
| Q2 25 | 23.6% | 14.2% | ||
| Q1 25 | -59.3% | 9.3% | ||
| Q4 24 | 21.1% | — | ||
| Q3 24 | 61.2% | 11.4% | ||
| Q2 24 | 23.3% | 11.4% |
每股收益（稀释后）APDHIG
| Q1 26 | — | — | ||
| Q4 25 | $3.04 | $3.96 | ||
| Q3 25 | $0.03 | $3.77 | ||
| Q2 25 | $3.20 | $3.44 | ||
| Q1 25 | $-7.77 | $2.15 | ||
| Q4 24 | $2.77 | $2.88 | ||
| Q3 24 | $8.75 | $2.56 | ||
| Q2 24 | $3.13 | $2.44 |
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 | $1.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $16.8M |
| 总资产 | $41.2B | $86.3M |
| 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APDHIG
| Q1 26 | — | $1.7M | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.4B | — |
总债务APDHIG
| Q1 26 | — | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B |
股东权益APDHIG
| Q1 26 | — | $16.8M | ||
| Q4 25 | $15.4B | $19.0B | ||
| Q3 25 | $15.0B | $18.4B | ||
| Q2 25 | $15.5B | $17.5B | ||
| Q1 25 | $14.7B | $16.8B | ||
| Q4 24 | $16.7B | $16.4B | ||
| Q3 24 | $17.0B | $17.0B | ||
| Q2 24 | $15.1B | $15.7B |
总资产APDHIG
| Q1 26 | — | $86.3M | ||
| Q4 25 | $41.2B | $86.0B | ||
| Q3 25 | $41.1B | $85.0B | ||
| Q2 25 | $41.7B | $83.6B | ||
| Q1 25 | $38.9B | $82.3B | ||
| Q4 24 | $40.0B | $80.9B | ||
| Q3 24 | $39.6B | $81.2B | ||
| Q2 24 | $37.0B | $79.0B |
负债/权益比APDHIG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.28× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | — |
| 自由现金流率自由现金流/营收 | -11.3% | — |
| 资本支出强度资本支出/营收 | 40.3% | — |
| 现金转化率经营现金流/净利润 | 1.33× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APDHIG
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $5.9B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $855.8M | $1.3B | ||
| Q1 25 | $328.1M | $985.0M | ||
| Q4 24 | $811.7M | $5.9B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $1.3B | $1.3B |
自由现金流APDHIG
| Q1 26 | — | — | ||
| Q4 25 | $-350.5M | $5.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $-640.0M | $1.3B | ||
| Q1 25 | $-1.6B | $947.0M | ||
| Q4 24 | $-1.3B | $5.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $-345.2M | $1.2B |
自由现金流率APDHIG
| Q1 26 | — | — | ||
| Q4 25 | -11.3% | 78.4% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | -21.2% | 17.9% | ||
| Q1 25 | -53.6% | 13.9% | ||
| Q4 24 | -44.5% | 83.8% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | -11.6% | 18.5% |
资本支出强度APDHIG
| Q1 26 | — | — | ||
| Q4 25 | 40.3% | 2.3% | ||
| Q3 25 | 47.9% | 0.6% | ||
| Q2 25 | 49.5% | 0.6% | ||
| Q1 25 | 64.9% | 0.6% | ||
| Q4 24 | 72.2% | 2.1% | ||
| Q3 24 | 65.1% | 0.9% | ||
| Q2 24 | 53.8% | 0.9% |
现金转化率APDHIG
| Q1 26 | — | — | ||
| Q4 25 | 1.33× | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | 1.20× | 1.30× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | 2.19× | ||
| Q2 24 | 1.81× | 1.71× |
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% |
HIG
| Earned premiums | $3.6B | 88% |
| Other | $486.0M | 12% |
| Fee income | $12.0M | 0% |
