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空气化工产品公司（APD）与Masco（MAS）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Masco的1.6倍（$3.1B vs $1.9B），空气化工产品公司净利率更高（21.9% vs 11.9%，领先10.0%），Masco同比增速更快（6.5% 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 -4.2%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
APD vs MAS — 直观对比
营收规模更大
APD
是对方的1.6倍
$1.9B
营收增速更快
MAS
高出0.7%
5.8%
净利率更高
APD
高出10.0%
11.9%
两年增速更快
APD
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $1.9B |
| 净利润 | $678.2M | $228.0M |
| 毛利率 | 32.1% | 35.8% |
| 营业利润率 | 23.7% | 16.5% |
| 净利率 | 21.9% | 11.9% |
| 营收同比 | 5.8% | 6.5% |
| 净利润同比 | 9.8% | 14.5% |
| 每股收益（稀释后） | $3.04 | — |
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APDMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.1B | $1.8B | ||
| Q3 25 | $3.2B | $1.9B | ||
| Q2 25 | $3.0B | $2.1B | ||
| Q1 25 | $2.9B | $1.8B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.0B | $2.1B |
净利润APDMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $678.2M | $165.0M | ||
| Q3 25 | $4.9M | $189.0M | ||
| Q2 25 | $713.8M | $270.0M | ||
| Q1 25 | $-1.7B | $186.0M | ||
| Q4 24 | $617.4M | $182.0M | ||
| Q3 24 | $1.9B | $167.0M | ||
| Q2 24 | $696.6M | $258.0M |
毛利率APDMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | 32.1% | 33.9% | ||
| Q3 25 | 32.3% | 34.2% | ||
| Q2 25 | 32.5% | 37.6% | ||
| Q1 25 | 29.6% | 35.8% | ||
| Q4 24 | 31.2% | 34.8% | ||
| Q3 24 | 34.0% | 36.6% | ||
| Q2 24 | 32.8% | 37.5% |
营业利润率APDMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 23.7% | 13.8% | ||
| Q3 25 | 0.5% | 15.8% | ||
| Q2 25 | 26.2% | 20.1% | ||
| Q1 25 | -79.8% | 15.9% | ||
| Q4 24 | 22.0% | 15.9% | ||
| Q3 24 | 76.1% | 18.0% | ||
| Q2 24 | 24.7% | 19.0% |
净利率APDMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 21.9% | 9.2% | ||
| Q3 25 | 0.2% | 9.9% | ||
| Q2 25 | 23.6% | 13.2% | ||
| Q1 25 | -59.3% | 10.3% | ||
| Q4 24 | 21.1% | 10.0% | ||
| Q3 24 | 61.2% | 8.4% | ||
| Q2 24 | 23.3% | 12.3% |
每股收益（稀释后）APDMAS
| Q1 26 | — | — | ||
| Q4 25 | $3.04 | $0.81 | ||
| Q3 25 | $0.03 | $0.90 | ||
| Q2 25 | $3.20 | $1.28 | ||
| Q1 25 | $-7.77 | $0.87 | ||
| Q4 24 | $2.77 | $0.85 | ||
| Q3 24 | $8.75 | $0.77 | ||
| Q2 24 | $3.13 | $1.17 |
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 | — | $2.9B |
| 股东权益账面价值 | $15.4B | $27.0M |
| 总资产 | $41.2B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资APDMAS
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $647.0M | ||
| Q3 25 | $1.9B | $559.0M | ||
| Q2 25 | $2.3B | $390.0M | ||
| Q1 25 | $1.6B | $377.0M | ||
| Q4 24 | $2.0B | $634.0M | ||
| Q3 24 | $3.0B | $646.0M | ||
| Q2 24 | $2.4B | $398.0M |
总债务APDMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APDMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $15.4B | $-185.0M | ||
| Q3 25 | $15.0B | $-78.0M | ||
| Q2 25 | $15.5B | $-84.0M | ||
| Q1 25 | $14.7B | $-254.0M | ||
| Q4 24 | $16.7B | $-279.0M | ||
| Q3 24 | $17.0B | $-88.0M | ||
| Q2 24 | $15.1B | $-26.0M |
总资产APDMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $41.2B | $5.2B | ||
| Q3 25 | $41.1B | $5.3B | ||
| Q2 25 | $41.7B | $5.3B | ||
| Q1 25 | $38.9B | $5.1B | ||
| Q4 24 | $40.0B | $5.0B | ||
| Q3 24 | $39.6B | $5.3B | ||
| Q2 24 | $37.0B | $5.4B |
负债/权益比APDMAS
| Q1 26 | — | 109.07× | ||
| 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% | 1.8% |
| 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APDMAS
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $418.0M | ||
| Q3 25 | — | $456.0M | ||
| Q2 25 | $855.8M | $306.0M | ||
| Q1 25 | $328.1M | $-158.0M | ||
| Q4 24 | $811.7M | $407.0M | ||
| Q3 24 | — | $416.0M | ||
| Q2 24 | $1.3B | $346.0M |
自由现金流APDMAS
| Q1 26 | — | — | ||
| Q4 25 | $-350.5M | $371.0M | ||
| Q3 25 | — | $415.0M | ||
| Q2 25 | $-640.0M | $270.0M | ||
| Q1 25 | $-1.6B | $-190.0M | ||
| Q4 24 | $-1.3B | $351.0M | ||
| Q3 24 | — | $378.0M | ||
| Q2 24 | $-345.2M | $303.0M |
自由现金流率APDMAS
| Q1 26 | — | — | ||
| Q4 25 | -11.3% | 20.7% | ||
| Q3 25 | — | 21.6% | ||
| Q2 25 | -21.2% | 13.2% | ||
| Q1 25 | -53.6% | -10.5% | ||
| Q4 24 | -44.5% | 19.2% | ||
| Q3 24 | — | 19.1% | ||
| Q2 24 | -11.6% | 14.5% |
资本支出强度APDMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 40.3% | 2.6% | ||
| Q3 25 | 47.9% | 2.1% | ||
| Q2 25 | 49.5% | 1.8% | ||
| Q1 25 | 64.9% | 1.8% | ||
| Q4 24 | 72.2% | 3.1% | ||
| Q3 24 | 65.1% | 1.9% | ||
| Q2 24 | 53.8% | 2.1% |
现金转化率APDMAS
| Q1 26 | — | — | ||
| Q4 25 | 1.33× | 2.53× | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | 1.20× | 1.13× | ||
| Q1 25 | — | -0.85× | ||
| Q4 24 | 1.31× | 2.24× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | 1.81× | 1.34× |
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% |
MAS
暂无分部数据
