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空气化工产品公司（APD）与INSTEEL INDUSTRIES INC（IIIN）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INSTEEL INDUSTRIES INC的19.4倍（$3.1B vs $159.9M）。空气化工产品公司净利率更高（21.9% vs 4.7%，领先17.1%）。INSTEEL INDUSTRIES INC同比增速更快（23.3% vs 5.8%）。INSTEEL INDUSTRIES INC自由现金流更多（$-2.2M vs $-350.5M）。过去两年INSTEEL INDUSTRIES INC的营收复合增速更高（12.0% 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。
Insteel Industries Inc是美国领先的钢材加固产品制造商，主营焊接钢筋网、工程结构网、钢纤维等产品，主要服务北美地区非住宅建筑、基础设施、预制混凝土构件等领域客户，提供高性能建筑加固解决方案。
APD vs IIIN — 直观对比
营收规模更大
APD
是对方的19.4倍
$159.9M
营收增速更快
IIIN
高出17.5%
5.8%
净利率更高
APD
高出17.1%
4.7%
自由现金流更多
IIIN
多$348.3M
$-350.5M
两年增速更快
IIIN
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $159.9M |
| 净利润 | $678.2M | $7.6M |
| 毛利率 | 32.1% | 11.3% |
| 营业利润率 | 23.7% | 6.0% |
| 净利率 | 21.9% | 4.7% |
| 营收同比 | 5.8% | 23.3% |
| 净利润同比 | 9.8% | 602.4% |
| 每股收益（稀释后） | $3.04 | $0.39 |
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APDIIIN
| Q4 25 | $3.1B | $159.9M | ||
| Q3 25 | $3.2B | $177.4M | ||
| Q2 25 | $3.0B | $179.9M | ||
| Q1 25 | $2.9B | $160.7M | ||
| Q4 24 | $2.9B | $129.7M | ||
| Q3 24 | $3.2B | $134.3M | ||
| Q2 24 | $3.0B | $145.8M | ||
| Q1 24 | $2.9B | $127.4M |
净利润APDIIIN
| Q4 25 | $678.2M | $7.6M | ||
| Q3 25 | $4.9M | $14.6M | ||
| Q2 25 | $713.8M | $15.2M | ||
| Q1 25 | $-1.7B | $10.2M | ||
| Q4 24 | $617.4M | $1.1M | ||
| Q3 24 | $1.9B | $4.7M | ||
| Q2 24 | $696.6M | $6.6M | ||
| Q1 24 | $572.4M | $6.9M |
毛利率APDIIIN
| Q4 25 | 32.1% | 11.3% | ||
| Q3 25 | 32.3% | 16.1% | ||
| Q2 25 | 32.5% | 17.1% | ||
| Q1 25 | 29.6% | 15.3% | ||
| Q4 24 | 31.2% | 7.3% | ||
| Q3 24 | 34.0% | 9.1% | ||
| Q2 24 | 32.8% | 10.6% | ||
| Q1 24 | 32.0% | 12.3% |
营业利润率APDIIIN
| Q4 25 | 23.7% | 6.0% | ||
| Q3 25 | 0.5% | 10.8% | ||
| Q2 25 | 26.2% | 11.0% | ||
| Q1 25 | -79.8% | 8.3% | ||
| Q4 24 | 22.0% | 1.1% | ||
| Q3 24 | 76.1% | 4.5% | ||
| Q2 24 | 24.7% | 6.0% | ||
| Q1 24 | 21.7% | 7.0% |
净利率APDIIIN
| Q4 25 | 21.9% | 4.7% | ||
| Q3 25 | 0.2% | 8.2% | ||
| Q2 25 | 23.6% | 8.4% | ||
| Q1 25 | -59.3% | 6.4% | ||
| Q4 24 | 21.1% | 0.8% | ||
| Q3 24 | 61.2% | 3.5% | ||
| Q2 24 | 23.3% | 4.5% | ||
| Q1 24 | 19.5% | 5.4% |
每股收益（稀释后）APDIIIN
| Q4 25 | $3.04 | $0.39 | ||
| Q3 25 | $0.03 | $0.74 | ||
| Q2 25 | $3.20 | $0.78 | ||
| Q1 25 | $-7.77 | $0.52 | ||
| Q4 24 | $2.77 | $0.06 | ||
| Q3 24 | $8.75 | $0.24 | ||
| Q2 24 | $3.13 | $0.34 | ||
| Q1 24 | $2.57 | $0.35 |
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 | $15.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $358.8M |
| 总资产 | $41.2B | $456.1M |
| 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APDIIIN
| Q4 25 | $1.0B | $15.6M | ||
| Q3 25 | $1.9B | $38.6M | ||
| Q2 25 | $2.3B | $53.7M | ||
| Q1 25 | $1.6B | $28.4M | ||
| Q4 24 | $2.0B | $36.0M | ||
| Q3 24 | $3.0B | $111.5M | ||
| Q2 24 | $2.4B | $97.7M | ||
| Q1 24 | $2.6B | $83.9M |
股东权益APDIIIN
| Q4 25 | $15.4B | $358.8M | ||
| Q3 25 | $15.0B | $371.5M | ||
| Q2 25 | $15.5B | $356.2M | ||
| Q1 25 | $14.7B | $341.4M | ||
| Q4 24 | $16.7B | $331.6M | ||
| Q3 24 | $17.0B | $350.9M | ||
| Q2 24 | $15.1B | $346.0M | ||
| Q1 24 | $14.9B | $340.6M |
总资产APDIIIN
| Q4 25 | $41.2B | $456.1M | ||
| Q3 25 | $41.1B | $462.6M | ||
| Q2 25 | $41.7B | $471.9M | ||
| Q1 25 | $38.9B | $421.9M | ||
| Q4 24 | $40.0B | $404.7M | ||
| Q3 24 | $39.6B | $422.6M | ||
| Q2 24 | $37.0B | $414.6M | ||
| Q1 24 | $35.9B | $397.2M |
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 | $-701.0K |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $-2.2M |
| 自由现金流率自由现金流/营收 | -11.3% | -1.4% |
| 资本支出强度资本支出/营收 | 40.3% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.33× | -0.09× |
| 过去12个月自由现金流最近4个季度 | — | $439.0K |
8季度趋势，按日历期对齐
经营现金流APDIIIN
| Q4 25 | $900.7M | $-701.0K | ||
| Q3 25 | — | $-17.0M | ||
| Q2 25 | $855.8M | $28.5M | ||
| Q1 25 | $328.1M | $-3.3M | ||
| Q4 24 | $811.7M | $19.0M | ||
| Q3 24 | — | $16.2M | ||
| Q2 24 | $1.3B | $18.8M | ||
| Q1 24 | $801.7M | $1.4M |
自由现金流APDIIIN
| Q4 25 | $-350.5M | $-2.2M | ||
| Q3 25 | — | $-18.7M | ||
| Q2 25 | $-640.0M | $26.9M | ||
| Q1 25 | $-1.6B | $-5.5M | ||
| Q4 24 | $-1.3B | $16.3M | ||
| Q3 24 | — | $14.5M | ||
| Q2 24 | $-345.2M | $15.5M | ||
| Q1 24 | $-867.7M | $-580.0K |
自由现金流率APDIIIN
| Q4 25 | -11.3% | -1.4% | ||
| Q3 25 | — | -10.6% | ||
| Q2 25 | -21.2% | 15.0% | ||
| Q1 25 | -53.6% | -3.5% | ||
| Q4 24 | -44.5% | 12.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | -11.6% | 10.7% | ||
| Q1 24 | -29.6% | -0.5% |
资本支出强度APDIIIN
| Q4 25 | 40.3% | 0.9% | ||
| Q3 25 | 47.9% | 1.0% | ||
| Q2 25 | 49.5% | 0.9% | ||
| Q1 25 | 64.9% | 1.4% | ||
| Q4 24 | 72.2% | 2.1% | ||
| Q3 24 | 65.1% | 1.3% | ||
| Q2 24 | 53.8% | 2.2% | ||
| Q1 24 | 57.0% | 1.5% |
现金转化率APDIIIN
| Q4 25 | 1.33× | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | 1.20× | 1.88× | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | 1.31× | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | 1.81× | 2.86× | ||
| Q1 24 | 1.40× | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
