vs
空气化工产品公司（APD）与Koppers Holdings Inc.（KOP）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Koppers Holdings Inc.的7.2倍（$3.1B vs $432.7M）。空气化工产品公司净利率更高（21.9% vs 6.9%，领先15.0%）。空气化工产品公司同比增速更快（5.8% vs -9.3%）。Koppers Holdings Inc.自由现金流更多（$28.5M vs $-350.5M）。过去两年空气化工产品公司的营收复合增速更高（2.9% vs -6.7%）
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。
科佩斯控股是一家全球性化工与材料企业，总部位于美国宾夕法尼亚州匹兹堡，入驻建于1920年代的装饰艺术风格摩天大楼科佩斯大厦，在全球范围内开展相关业务经营。
APD vs KOP — 直观对比
营收规模更大
APD
是对方的7.2倍
$432.7M
营收增速更快
APD
高出15.1%
-9.3%
净利率更高
APD
高出15.0%
6.9%
自由现金流更多
KOP
多$379.0M
$-350.5M
两年增速更快
APD
近两年复合增速
-6.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $432.7M |
| 净利润 | $678.2M | $29.7M |
| 毛利率 | 32.1% | 25.6% |
| 营业利润率 | 23.7% | 11.5% |
| 净利率 | 21.9% | 6.9% |
| 营收同比 | 5.8% | -9.3% |
| 净利润同比 | 9.8% | 391.2% |
| 每股收益（稀释后） | $3.04 | $1.44 |
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APDKOP
| Q4 25 | $3.1B | $432.7M | ||
| Q3 25 | $3.2B | $485.3M | ||
| Q2 25 | $3.0B | $504.8M | ||
| Q1 25 | $2.9B | $456.5M | ||
| Q4 24 | $2.9B | $477.0M | ||
| Q3 24 | $3.2B | $554.3M | ||
| Q2 24 | $3.0B | $563.2M | ||
| Q1 24 | $2.9B | $497.6M |
净利润APDKOP
| Q4 25 | $678.2M | $29.7M | ||
| Q3 25 | $4.9M | $23.8M | ||
| Q2 25 | $713.8M | $16.4M | ||
| Q1 25 | $-1.7B | $-13.9M | ||
| Q4 24 | $617.4M | $-10.2M | ||
| Q3 24 | $1.9B | $22.8M | ||
| Q2 24 | $696.6M | $26.8M | ||
| Q1 24 | $572.4M | $13.0M |
毛利率APDKOP
| Q4 25 | 32.1% | 25.6% | ||
| Q3 25 | 32.3% | 24.1% | ||
| Q2 25 | 32.5% | 22.6% | ||
| Q1 25 | 29.6% | 23.2% | ||
| Q4 24 | 31.2% | 17.5% | ||
| Q3 24 | 34.0% | 21.9% | ||
| Q2 24 | 32.8% | 21.6% | ||
| Q1 24 | 32.0% | 19.3% |
营业利润率APDKOP
| Q4 25 | 23.7% | 11.5% | ||
| Q3 25 | 0.5% | 10.7% | ||
| Q2 25 | 26.2% | 7.7% | ||
| Q1 25 | -79.8% | 5.9% | ||
| Q4 24 | 22.0% | 1.3% | ||
| Q3 24 | 76.1% | 9.0% | ||
| Q2 24 | 24.7% | 10.2% | ||
| Q1 24 | 21.7% | 7.0% |
净利率APDKOP
| Q4 25 | 21.9% | 6.9% | ||
| Q3 25 | 0.2% | 4.9% | ||
| Q2 25 | 23.6% | 3.2% | ||
| Q1 25 | -59.3% | -3.0% | ||
| Q4 24 | 21.1% | -2.1% | ||
| Q3 24 | 61.2% | 4.1% | ||
| Q2 24 | 23.3% | 4.8% | ||
| Q1 24 | 19.5% | 2.6% |
每股收益（稀释后）APDKOP
| Q4 25 | $3.04 | $1.44 | ||
| Q3 25 | $0.03 | $1.17 | ||
| Q2 25 | $3.20 | $0.81 | ||
| Q1 25 | $-7.77 | $-0.68 | ||
| Q4 24 | $2.77 | $-0.47 | ||
| Q3 24 | $8.75 | $1.09 | ||
| Q2 24 | $3.13 | $1.25 | ||
| Q1 24 | $2.57 | $0.59 |
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 | — |
| 总债务越低越好 | — | $928.3M |
| 股东权益账面价值 | $15.4B | $574.0M |
| 总资产 | $41.2B | $1.9B |
| 负债/权益比越低杠杆越低 | — | 1.62× |
8季度趋势，按日历期对齐
现金及短期投资APDKOP
| 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 | — | ||
| Q1 24 | $2.6B | — |
总债务APDKOP
| Q4 25 | — | $928.3M | ||
| Q3 25 | — | $932.9M | ||
| Q2 25 | — | $977.5M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $939.5M | ||
| Q3 24 | — | $989.4M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $877.6M |
股东权益APDKOP
| Q4 25 | $15.4B | $574.0M | ||
| Q3 25 | $15.0B | $545.6M | ||
| Q2 25 | $15.5B | $526.8M | ||
| Q1 25 | $14.7B | $498.0M | ||
| Q4 24 | $16.7B | $488.7M | ||
| Q3 24 | $17.0B | $532.3M | ||
| Q2 24 | $15.1B | $509.2M | ||
| Q1 24 | $14.9B | $505.8M |
总资产APDKOP
| Q4 25 | $41.2B | $1.9B | ||
| Q3 25 | $41.1B | $1.9B | ||
| Q2 25 | $41.7B | $1.9B | ||
| Q1 25 | $38.9B | $1.9B | ||
| Q4 24 | $40.0B | $1.9B | ||
| Q3 24 | $39.6B | $2.0B | ||
| Q2 24 | $37.0B | $1.9B | ||
| Q1 24 | $35.9B | $1.8B |
负债/权益比APDKOP
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.99× | ||
| Q4 24 | — | 1.92× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.74× |
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 | $45.1M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $28.5M |
| 自由现金流率自由现金流/营收 | -11.3% | 6.6% |
| 资本支出强度资本支出/营收 | 40.3% | 3.8% |
| 现金转化率经营现金流/净利润 | 1.33× | 1.52× |
| 过去12个月自由现金流最近4个季度 | — | $67.5M |
8季度趋势，按日历期对齐
经营现金流APDKOP
| Q4 25 | $900.7M | $45.1M | ||
| Q3 25 | — | $49.6M | ||
| Q2 25 | $855.8M | $50.5M | ||
| Q1 25 | $328.1M | $-22.7M | ||
| Q4 24 | $811.7M | $74.7M | ||
| Q3 24 | — | $29.8M | ||
| Q2 24 | $1.3B | $27.2M | ||
| Q1 24 | $801.7M | $-12.3M |
自由现金流APDKOP
| Q4 25 | $-350.5M | $28.5M | ||
| Q3 25 | — | $37.6M | ||
| Q2 25 | $-640.0M | $38.4M | ||
| Q1 25 | $-1.6B | $-37.0M | ||
| Q4 24 | $-1.3B | $56.1M | ||
| Q3 24 | — | $14.4M | ||
| Q2 24 | $-345.2M | $10.1M | ||
| Q1 24 | $-867.7M | $-38.6M |
自由现金流率APDKOP
| Q4 25 | -11.3% | 6.6% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | -21.2% | 7.6% | ||
| Q1 25 | -53.6% | -8.1% | ||
| Q4 24 | -44.5% | 11.8% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | -11.6% | 1.8% | ||
| Q1 24 | -29.6% | -7.8% |
资本支出强度APDKOP
| Q4 25 | 40.3% | 3.8% | ||
| Q3 25 | 47.9% | 2.5% | ||
| Q2 25 | 49.5% | 2.4% | ||
| Q1 25 | 64.9% | 3.1% | ||
| Q4 24 | 72.2% | 3.9% | ||
| Q3 24 | 65.1% | 2.8% | ||
| Q2 24 | 53.8% | 3.0% | ||
| Q1 24 | 57.0% | 5.3% |
现金转化率APDKOP
| Q4 25 | 1.33× | 1.52× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | 1.20× | 3.08× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 1.81× | 1.01× | ||
| Q1 24 | 1.40× | -0.95× |
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% |
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
