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空气化工产品公司（APD）与Legacy Housing Corp（LEGH）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Legacy Housing Corp的121.8倍（$3.1B vs $25.5M）。Legacy Housing Corp净利率更高（32.2% vs 21.9%，领先10.3%）。空气化工产品公司同比增速更快（5.8% vs -30.6%）。Legacy Housing Corp自由现金流更多（$15.7M 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 -9.1%）
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。
Legacy Housing Corp是美国知名的经济型预制住宅、微型住宅及配套居住单元制造商，主要面向北美中低收入消费群体，提供可定制住房解决方案、配套建材及相关售后服务，服务个人及社区开发类客户。
APD vs LEGH — 直观对比
营收规模更大
APD
是对方的121.8倍
$25.5M
营收增速更快
APD
高出36.4%
-30.6%
净利率更高
LEGH
高出10.3%
21.9%
自由现金流更多
LEGH
多$366.2M
$-350.5M
两年增速更快
APD
近两年复合增速
-9.1%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $25.5M |
| 净利润 | $678.2M | $8.2M |
| 毛利率 | 32.1% | 26.4% |
| 营业利润率 | 23.7% | 40.4% |
| 净利率 | 21.9% | 32.2% |
| 营收同比 | 5.8% | -30.6% |
| 净利润同比 | 9.8% | -43.5% |
| 每股收益（稀释后） | $3.04 | $0.38 |
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APDLEGH
| Q4 25 | $3.1B | $25.5M | ||
| Q3 25 | $3.2B | $28.8M | ||
| Q2 25 | $3.0B | $38.4M | ||
| Q1 25 | $2.9B | $24.3M | ||
| Q4 24 | $2.9B | $36.7M | ||
| Q3 24 | $3.2B | $30.2M | ||
| Q2 24 | $3.0B | $31.7M | ||
| Q1 24 | $2.9B | $30.8M |
净利润APDLEGH
| Q4 25 | $678.2M | $8.2M | ||
| Q3 25 | $4.9M | $8.6M | ||
| Q2 25 | $713.8M | $14.7M | ||
| Q1 25 | $-1.7B | $10.3M | ||
| Q4 24 | $617.4M | $14.5M | ||
| Q3 24 | $1.9B | $15.8M | ||
| Q2 24 | $696.6M | $16.2M | ||
| Q1 24 | $572.4M | $15.1M |
毛利率APDLEGH
| Q4 25 | 32.1% | 26.4% | ||
| Q3 25 | 32.3% | 20.2% | ||
| Q2 25 | 32.5% | 32.4% | ||
| Q1 25 | 29.6% | 29.2% | ||
| Q4 24 | 31.2% | 27.3% | ||
| Q3 24 | 34.0% | 29.2% | ||
| Q2 24 | 32.8% | 31.9% | ||
| Q1 24 | 32.0% | 33.6% |
营业利润率APDLEGH
| Q4 25 | 23.7% | 40.4% | ||
| Q3 25 | 0.5% | 33.7% | ||
| Q2 25 | 26.2% | 43.8% | ||
| Q1 25 | -79.8% | 47.7% | ||
| Q4 24 | 22.0% | 42.3% | ||
| Q3 24 | 76.1% | 50.8% | ||
| Q2 24 | 24.7% | 50.6% | ||
| Q1 24 | 21.7% | 54.3% |
净利率APDLEGH
| Q4 25 | 21.9% | 32.2% | ||
| Q3 25 | 0.2% | 30.0% | ||
| Q2 25 | 23.6% | 38.3% | ||
| Q1 25 | -59.3% | 42.3% | ||
| Q4 24 | 21.1% | 39.5% | ||
| Q3 24 | 61.2% | 52.4% | ||
| Q2 24 | 23.3% | 51.1% | ||
| Q1 24 | 19.5% | 49.1% |
每股收益（稀释后）APDLEGH
| Q4 25 | $3.04 | $0.38 | ||
| Q3 25 | $0.03 | $0.35 | ||
| Q2 25 | $3.20 | $0.60 | ||
| Q1 25 | $-7.77 | $0.41 | ||
| Q4 24 | $2.77 | $0.59 | ||
| Q3 24 | $8.75 | $0.64 | ||
| Q2 24 | $3.13 | $0.65 | ||
| Q1 24 | $2.57 | $0.60 |
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 | $8.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $528.6M |
| 总资产 | $41.2B | $580.3M |
| 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APDLEGH
| Q4 25 | $1.0B | $8.5M | ||
| Q3 25 | $1.9B | $13.6M | ||
| Q2 25 | $2.3B | $2.6M | ||
| Q1 25 | $1.6B | $3.4M | ||
| Q4 24 | $2.0B | $1.1M | ||
| Q3 24 | $3.0B | $570.0K | ||
| Q2 24 | $2.4B | $60.0K | ||
| Q1 24 | $2.6B | $621.0K |
股东权益APDLEGH
| Q4 25 | $15.4B | $528.6M | ||
| Q3 25 | $15.0B | $521.6M | ||
| Q2 25 | $15.5B | $512.8M | ||
| Q1 25 | $14.7B | $503.7M | ||
| Q4 24 | $16.7B | $494.0M | ||
| Q3 24 | $17.0B | $479.3M | ||
| Q2 24 | $15.1B | $463.2M | ||
| Q1 24 | $14.9B | $450.4M |
总资产APDLEGH
| Q4 25 | $41.2B | $580.3M | ||
| Q3 25 | $41.1B | $557.9M | ||
| Q2 25 | $41.7B | $552.0M | ||
| Q1 25 | $38.9B | $544.6M | ||
| Q4 24 | $40.0B | $534.2M | ||
| Q3 24 | $39.6B | $521.4M | ||
| Q2 24 | $37.0B | $514.9M | ||
| Q1 24 | $35.9B | $510.0M |
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 | $19.0M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $15.7M |
| 自由现金流率自由现金流/营收 | -11.3% | 61.6% |
| 资本支出强度资本支出/营收 | 40.3% | 13.1% |
| 现金转化率经营现金流/净利润 | 1.33× | 2.32× |
| 过去12个月自由现金流最近4个季度 | — | $28.2M |
8季度趋势，按日历期对齐
经营现金流APDLEGH
| Q4 25 | $900.7M | $19.0M | ||
| Q3 25 | — | $7.2M | ||
| Q2 25 | $855.8M | $6.1M | ||
| Q1 25 | $328.1M | $4.9M | ||
| Q4 24 | $811.7M | $7.9M | ||
| Q3 24 | — | $13.8M | ||
| Q2 24 | $1.3B | $3.5M | ||
| Q1 24 | $801.7M | $10.8M |
自由现金流APDLEGH
| Q4 25 | $-350.5M | $15.7M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | $-640.0M | $3.7M | ||
| Q1 25 | $-1.6B | $3.6M | ||
| Q4 24 | $-1.3B | $6.0M | ||
| Q3 24 | — | $9.1M | ||
| Q2 24 | $-345.2M | $1.7M | ||
| Q1 24 | $-867.7M | $9.9M |
自由现金流率APDLEGH
| Q4 25 | -11.3% | 61.6% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | -21.2% | 9.6% | ||
| Q1 25 | -53.6% | 15.0% | ||
| Q4 24 | -44.5% | 16.4% | ||
| Q3 24 | — | 30.2% | ||
| Q2 24 | -11.6% | 5.4% | ||
| Q1 24 | -29.6% | 32.2% |
资本支出强度APDLEGH
| Q4 25 | 40.3% | 13.1% | ||
| Q3 25 | 47.9% | 7.1% | ||
| Q2 25 | 49.5% | 6.2% | ||
| Q1 25 | 64.9% | 5.2% | ||
| Q4 24 | 72.2% | 5.1% | ||
| Q3 24 | 65.1% | 15.6% | ||
| Q2 24 | 53.8% | 5.5% | ||
| Q1 24 | 57.0% | 2.8% |
现金转化率APDLEGH
| Q4 25 | 1.33× | 2.32× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | 1.20× | 0.41× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 1.31× | 0.54× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | 1.81× | 0.21× | ||
| Q1 24 | 1.40× | 0.71× |
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% |
LEGH
| Commercial Sales | $8.6M | 34% |
| Retail Store Sales | $6.0M | 24% |
| Inventory Finance Sales | $5.0M | 20% |
| Direct Sales | $4.4M | 17% |
| Other | $1.5M | 6% |
