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空气化工产品公司（APD）与亨廷顿·英格尔斯工业（HII）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亨廷顿·英格尔斯工业的1.9倍（$3.2B vs $1.7B），空气化工产品公司净利率更高（22.9% vs 8.9%，领先13.9%），亨廷顿·英格尔斯工业同比增速更快（13.8% vs 8.8%），过去两年空气化工产品公司的营收复合增速更高（3.1% vs -25.2%）
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。
亨廷顿·英格尔斯工业（简称HII）是美国规模最大的军用造船企业，同时面向政府及行业合作伙伴提供专业服务。公司于2011年3月31日从诺斯罗普·格鲁曼公司分拆成立，在防务装备建造及配套服务领域拥有深厚技术积累与行业资源。
APD vs HII — 直观对比
营收规模更大
APD
是对方的1.9倍
$1.7B
营收增速更快
HII
高出5.0%
8.8%
净利率更高
APD
高出13.9%
8.9%
两年增速更快
APD
近两年复合增速
-25.2%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $1.7B |
| 净利润 | $724.8M | $149.0M |
| 毛利率 | 31.1% | — |
| 营业利润率 | — | 9.3% |
| 净利率 | 22.9% | 8.9% |
| 营收同比 | 8.8% | 13.8% |
| 净利润同比 | 166.6% | — |
| 每股收益（稀释后） | $3.19 | $3.79 |
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APDHII
| Q1 26 | $3.2B | $1.7B | ||
| Q4 25 | $3.1B | $3.5B | ||
| Q3 25 | $3.2B | $3.2B | ||
| Q2 25 | $3.0B | $3.1B | ||
| Q1 25 | $2.9B | $2.7B | ||
| Q4 24 | $2.9B | $3.0B | ||
| Q3 24 | $3.2B | $2.7B | ||
| Q2 24 | $3.0B | $3.0B |
净利润APDHII
| Q1 26 | $724.8M | $149.0M | ||
| Q4 25 | $678.2M | $159.0M | ||
| Q3 25 | $4.9M | $145.0M | ||
| Q2 25 | $713.8M | $152.0M | ||
| Q1 25 | $-1.7B | $149.0M | ||
| Q4 24 | $617.4M | $123.0M | ||
| Q3 24 | $1.9B | $101.0M | ||
| Q2 24 | $696.6M | $173.0M |
毛利率APDHII
| Q1 26 | 31.1% | — | ||
| 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APDHII
| Q1 26 | — | 9.3% | ||
| Q4 25 | 23.7% | 4.9% | ||
| Q3 25 | 0.5% | 5.0% | ||
| Q2 25 | 26.2% | 5.3% | ||
| Q1 25 | -79.8% | 5.9% | ||
| Q4 24 | 22.0% | 3.7% | ||
| Q3 24 | 76.1% | 3.0% | ||
| Q2 24 | 24.7% | 6.3% |
净利率APDHII
| Q1 26 | 22.9% | 8.9% | ||
| Q4 25 | 21.9% | 4.6% | ||
| Q3 25 | 0.2% | 4.5% | ||
| Q2 25 | 23.6% | 4.9% | ||
| Q1 25 | -59.3% | 5.4% | ||
| Q4 24 | 21.1% | 4.1% | ||
| Q3 24 | 61.2% | 3.7% | ||
| Q2 24 | 23.3% | 5.8% |
每股收益（稀释后）APDHII
| Q1 26 | $3.19 | $3.79 | ||
| Q4 25 | $3.04 | $4.06 | ||
| Q3 25 | $0.03 | $3.68 | ||
| Q2 25 | $3.20 | $3.86 | ||
| Q1 25 | $-7.77 | $3.79 | ||
| Q4 24 | $2.77 | $3.15 | ||
| Q3 24 | $8.75 | $2.56 | ||
| Q2 24 | $3.13 | $4.38 |
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 | — | $216.0M |
| 总债务越低越好 | $17.4M | $2.7B |
| 股东权益账面价值 | $18.1M | $5.1B |
| 总资产 | $41.6M | $12.5B |
| 负债/权益比越低杠杆越低 | 0.96× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资APDHII
| Q1 26 | — | $216.0M | ||
| 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APDHII
| Q1 26 | $17.4M | $2.7B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APDHII
| Q1 26 | $18.1M | $5.1B | ||
| Q4 25 | $15.4B | $5.1B | ||
| Q3 25 | $15.0B | $5.0B | ||
| Q2 25 | $15.5B | $4.9B | ||
| Q1 25 | $14.7B | $4.8B | ||
| Q4 24 | $16.7B | $4.7B | ||
| Q3 24 | $17.0B | $4.2B | ||
| Q2 24 | $15.1B | $4.2B |
总资产APDHII
| Q1 26 | $41.6M | $12.5B | ||
| Q4 25 | $41.2B | $12.7B | ||
| Q3 25 | $41.1B | $12.3B | ||
| Q2 25 | $41.7B | $12.1B | ||
| Q1 25 | $38.9B | $12.1B | ||
| Q4 24 | $40.0B | $12.1B | ||
| Q3 24 | $39.6B | $11.1B | ||
| Q2 24 | $37.0B | $11.3B |
负债/权益比APDHII
| Q1 26 | 0.96× | 0.52× | ||
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $-390.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-461.0M |
| 自由现金流率自由现金流/营收 | — | -27.7% |
| 资本支出强度资本支出/营收 | 56.4% | 4.4% |
| 现金转化率经营现金流/净利润 | — | -2.62× |
| 过去12个月自由现金流最近4个季度 | — | $795.0M |
8季度趋势，按日历期对齐
经营现金流APDHII
| Q1 26 | — | $-390.0M | ||
| Q4 25 | $900.7M | $650.0M | ||
| Q3 25 | — | $118.0M | ||
| Q2 25 | $855.8M | $823.0M | ||
| Q1 25 | $328.1M | $-395.0M | ||
| Q4 24 | $811.7M | $391.0M | ||
| Q3 24 | — | $213.0M | ||
| Q2 24 | $1.3B | $-9.0M |
自由现金流APDHII
| Q1 26 | — | $-461.0M | ||
| Q4 25 | $-350.5M | $516.0M | ||
| Q3 25 | — | $13.0M | ||
| Q2 25 | $-640.0M | $727.0M | ||
| Q1 25 | $-1.6B | $-462.0M | ||
| Q4 24 | $-1.3B | $277.0M | ||
| Q3 24 | — | $125.0M | ||
| Q2 24 | $-345.2M | $-99.0M |
自由现金流率APDHII
| Q1 26 | — | -27.7% | ||
| Q4 25 | -11.3% | 14.8% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | -21.2% | 23.6% | ||
| Q1 25 | -53.6% | -16.9% | ||
| Q4 24 | -44.5% | 9.2% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | -11.6% | -3.3% |
资本支出强度APDHII
| Q1 26 | 56.4% | 4.4% | ||
| Q4 25 | 40.3% | 3.9% | ||
| Q3 25 | 47.9% | 3.3% | ||
| Q2 25 | 49.5% | 3.1% | ||
| Q1 25 | 64.9% | 2.5% | ||
| Q4 24 | 72.2% | 3.8% | ||
| Q3 24 | 65.1% | 3.2% | ||
| Q2 24 | 53.8% | 3.0% |
现金转化率APDHII
| Q1 26 | — | -2.62× | ||
| Q4 25 | 1.33× | 4.09× | ||
| Q3 25 | — | 0.81× | ||
| Q2 25 | 1.20× | 5.41× | ||
| Q1 25 | — | -2.65× | ||
| Q4 24 | 1.31× | 3.18× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | 1.81× | -0.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
