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空气化工产品公司（APD）与赫氏（HXL）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赫氏的6.2倍（$3.1B vs $501.5M）。空气化工产品公司净利率更高（21.9% vs 7.4%，领先14.4%）。赫氏同比增速更快（9.9% vs 5.8%）。过去两年空气化工产品公司的营收复合增速更高（2.9% vs 0.1%）
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。
赫氏是总部位于美国康涅狄格州斯坦福德的上市工业材料企业，专注于结构材料的研发与生产，由加州增强塑料公司、汽巴复合材料业务、赫克力士复合材料产品部门合并组建。其产品覆盖商用、军工、休闲等市场，广泛应用于军民飞机、航天运载火箭、卫星、风电叶片、运动器材等领域。
APD vs HXL — 直观对比
营收规模更大
APD
是对方的6.2倍
$501.5M
营收增速更快
HXL
高出4.0%
5.8%
净利率更高
APD
高出14.4%
7.4%
两年增速更快
APD
近两年复合增速
0.1%
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $501.5M |
| 净利润 | $678.2M | $37.2M |
| 毛利率 | 32.1% | 26.9% |
| 营业利润率 | 23.7% | 11.5% |
| 净利率 | 21.9% | 7.4% |
| 营收同比 | 5.8% | 9.9% |
| 净利润同比 | 9.8% | 29.6% |
| 每股收益（稀释后） | $3.04 | $0.49 |
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APDHXL
| Q1 26 | — | $501.5M | ||
| Q4 25 | $3.1B | $491.3M | ||
| Q3 25 | $3.2B | $456.2M | ||
| Q2 25 | $3.0B | $489.9M | ||
| Q1 25 | $2.9B | $456.5M | ||
| Q4 24 | $2.9B | $473.8M | ||
| Q3 24 | $3.2B | $456.5M | ||
| Q2 24 | $3.0B | $500.4M |
净利润APDHXL
| Q1 26 | — | $37.2M | ||
| Q4 25 | $678.2M | $46.4M | ||
| Q3 25 | $4.9M | $20.6M | ||
| Q2 25 | $713.8M | $13.5M | ||
| Q1 25 | $-1.7B | $28.9M | ||
| Q4 24 | $617.4M | $5.8M | ||
| Q3 24 | $1.9B | $39.8M | ||
| Q2 24 | $696.6M | $50.0M |
毛利率APDHXL
| Q1 26 | — | 26.9% | ||
| Q4 25 | 32.1% | 24.6% | ||
| Q3 25 | 32.3% | 21.9% | ||
| Q2 25 | 32.5% | 22.8% | ||
| Q1 25 | 29.6% | 22.4% | ||
| Q4 24 | 31.2% | 25.0% | ||
| Q3 24 | 34.0% | 23.3% | ||
| Q2 24 | 32.8% | 25.3% |
营业利润率APDHXL
| Q1 26 | — | 11.5% | ||
| Q4 25 | 23.7% | 12.5% | ||
| Q3 25 | 0.5% | 7.9% | ||
| Q2 25 | 26.2% | 6.1% | ||
| Q1 25 | -79.8% | 9.7% | ||
| Q4 24 | 22.0% | 1.9% | ||
| Q3 24 | 76.1% | 11.5% | ||
| Q2 24 | 24.7% | 14.3% |
净利率APDHXL
| Q1 26 | — | 7.4% | ||
| Q4 25 | 21.9% | 9.4% | ||
| Q3 25 | 0.2% | 4.5% | ||
| Q2 25 | 23.6% | 2.8% | ||
| Q1 25 | -59.3% | 6.3% | ||
| Q4 24 | 21.1% | 1.2% | ||
| Q3 24 | 61.2% | 8.7% | ||
| Q2 24 | 23.3% | 10.0% |
每股收益（稀释后）APDHXL
| Q1 26 | — | $0.49 | ||
| Q4 25 | $3.04 | — | ||
| Q3 25 | $0.03 | — | ||
| Q2 25 | $3.20 | — | ||
| Q1 25 | $-7.77 | — | ||
| Q4 24 | $2.77 | — | ||
| Q3 24 | $8.75 | — | ||
| Q2 24 | $3.13 | — |
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 | $54.1M |
| 总债务越低越好 | — | $998.1M |
| 股东权益账面价值 | $15.4B | $1.3B |
| 总资产 | $41.2B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资APDHXL
| Q1 26 | — | $54.1M | ||
| Q4 25 | $1.0B | $71.0M | ||
| Q3 25 | $1.9B | $90.5M | ||
| Q2 25 | $2.3B | $77.2M | ||
| Q1 25 | $1.6B | $89.2M | ||
| Q4 24 | $2.0B | $125.4M | ||
| Q3 24 | $3.0B | $98.2M | ||
| Q2 24 | $2.4B | $75.4M |
总债务APDHXL
| Q1 26 | — | $998.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APDHXL
| Q1 26 | — | $1.3B | ||
| Q4 25 | $15.4B | $1.3B | ||
| Q3 25 | $15.0B | $1.6B | ||
| Q2 25 | $15.5B | $1.6B | ||
| Q1 25 | $14.7B | $1.5B | ||
| Q4 24 | $16.7B | $1.5B | ||
| Q3 24 | $17.0B | $1.6B | ||
| Q2 24 | $15.1B | $1.6B |
总资产APDHXL
| Q1 26 | — | $2.7B | ||
| Q4 25 | $41.2B | $2.7B | ||
| Q3 25 | $41.1B | $2.8B | ||
| Q2 25 | $41.7B | $2.8B | ||
| Q1 25 | $38.9B | $2.8B | ||
| Q4 24 | $40.0B | $2.7B | ||
| Q3 24 | $39.6B | $2.9B | ||
| Q2 24 | $37.0B | $2.8B |
负债/权益比APDHXL
| Q1 26 | — | 0.79× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $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% | 3.2% |
| 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APDHXL
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $125.5M | ||
| Q3 25 | — | $110.2M | ||
| Q2 25 | $855.8M | $23.3M | ||
| Q1 25 | $328.1M | $-28.5M | ||
| Q4 24 | $811.7M | $162.6M | ||
| Q3 24 | — | $90.1M | ||
| Q2 24 | $1.3B | $44.2M |
自由现金流APDHXL
| Q1 26 | — | — | ||
| Q4 25 | $-350.5M | $107.3M | ||
| Q3 25 | — | $96.5M | ||
| Q2 25 | $-640.0M | $8.0M | ||
| Q1 25 | $-1.6B | $-54.6M | ||
| Q4 24 | $-1.3B | $144.0M | ||
| Q3 24 | — | $73.3M | ||
| Q2 24 | $-345.2M | $21.3M |
自由现金流率APDHXL
| Q1 26 | — | — | ||
| Q4 25 | -11.3% | 21.8% | ||
| Q3 25 | — | 21.2% | ||
| Q2 25 | -21.2% | 1.6% | ||
| Q1 25 | -53.6% | -12.0% | ||
| Q4 24 | -44.5% | 30.4% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | -11.6% | 4.3% |
资本支出强度APDHXL
| Q1 26 | — | 3.2% | ||
| Q4 25 | 40.3% | 3.7% | ||
| Q3 25 | 47.9% | 3.0% | ||
| Q2 25 | 49.5% | 3.1% | ||
| Q1 25 | 64.9% | 5.7% | ||
| Q4 24 | 72.2% | 3.9% | ||
| Q3 24 | 65.1% | 3.7% | ||
| Q2 24 | 53.8% | 4.6% |
现金转化率APDHXL
| Q1 26 | — | — | ||
| Q4 25 | 1.33× | 2.70× | ||
| Q3 25 | — | 5.35× | ||
| Q2 25 | 1.20× | 1.73× | ||
| Q1 25 | — | -0.99× | ||
| Q4 24 | 1.31× | 28.03× | ||
| Q3 24 | — | 2.26× | ||
| Q2 24 | 1.81× | 0.88× |
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% |
HXL
暂无分部数据
