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空气化工产品公司（APD）与美泰（MAT）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美泰的3.7倍（$3.2B vs $862.2M），空气化工产品公司净利率更高（22.9% vs 7.1%，领先15.8%），空气化工产品公司同比增速更快（8.8% vs 4.3%），过去两年空气化工产品公司的营收复合增速更高（3.1% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
APD vs MAT — 直观对比
营收规模更大
APD
是对方的3.7倍
$862.2M
营收增速更快
APD
高出4.5%
4.3%
净利率更高
APD
高出15.8%
7.1%
两年增速更快
APD
近两年复合增速
-10.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $862.2M |
| 净利润 | $724.8M | $61.0M |
| 毛利率 | 31.1% | 44.9% |
| 营业利润率 | — | — |
| 净利率 | 22.9% | 7.1% |
| 营收同比 | 8.8% | 4.3% |
| 净利润同比 | 166.6% | 251.4% |
| 每股收益（稀释后） | $3.19 | $0.20 |
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APDMAT
| Q1 26 | $3.2B | $862.2M | ||
| Q4 25 | $3.1B | $1.8B | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $3.0B | $1.0B | ||
| Q1 25 | $2.9B | $826.6M | ||
| Q4 24 | $2.9B | $1.6B | ||
| Q3 24 | $3.2B | $1.8B | ||
| Q2 24 | $3.0B | $1.1B |
净利润APDMAT
| Q1 26 | $724.8M | $61.0M | ||
| Q4 25 | $678.2M | $106.2M | ||
| Q3 25 | $4.9M | $278.4M | ||
| Q2 25 | $713.8M | $53.4M | ||
| Q1 25 | $-1.7B | $-40.3M | ||
| Q4 24 | $617.4M | $140.9M | ||
| Q3 24 | $1.9B | $372.4M | ||
| Q2 24 | $696.6M | $56.9M |
毛利率APDMAT
| Q1 26 | 31.1% | 44.9% | ||
| Q4 25 | 32.1% | 45.9% | ||
| Q3 25 | 32.3% | 50.0% | ||
| Q2 25 | 32.5% | 50.9% | ||
| Q1 25 | 29.6% | 49.4% | ||
| Q4 24 | 31.2% | 50.7% | ||
| Q3 24 | 34.0% | 53.1% | ||
| Q2 24 | 32.8% | 49.2% |
营业利润率APDMAT
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 8.0% | ||
| Q3 25 | 0.5% | 21.9% | ||
| Q2 25 | 26.2% | 7.7% | ||
| Q1 25 | -79.8% | -6.4% | ||
| Q4 24 | 22.0% | 9.6% | ||
| Q3 24 | 76.1% | 26.5% | ||
| Q2 24 | 24.7% | 7.7% |
净利率APDMAT
| Q1 26 | 22.9% | 7.1% | ||
| Q4 25 | 21.9% | 6.0% | ||
| Q3 25 | 0.2% | 16.0% | ||
| Q2 25 | 23.6% | 5.2% | ||
| Q1 25 | -59.3% | -4.9% | ||
| Q4 24 | 21.1% | 8.6% | ||
| Q3 24 | 61.2% | 20.2% | ||
| Q2 24 | 23.3% | 5.3% |
每股收益（稀释后）APDMAT
| Q1 26 | $3.19 | $0.20 | ||
| Q4 25 | $3.04 | $0.32 | ||
| Q3 25 | $0.03 | $0.88 | ||
| Q2 25 | $3.20 | $0.16 | ||
| Q1 25 | $-7.77 | $-0.12 | ||
| Q4 24 | $2.77 | $0.40 | ||
| Q3 24 | $8.75 | $1.09 | ||
| Q2 24 | $3.13 | $0.17 |
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 | — | $866.0M |
| 总债务越低越好 | $17.4M | $2.3B |
| 股东权益账面价值 | $18.1M | $2.1B |
| 总资产 | $41.6M | $6.3B |
| 负债/权益比越低杠杆越低 | 0.96× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资APDMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.9B | $691.9M | ||
| Q2 25 | $2.3B | $870.5M | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $2.0B | $1.4B | ||
| Q3 24 | $3.0B | $723.5M | ||
| Q2 24 | $2.4B | $722.4M |
总债务APDMAT
| Q1 26 | $17.4M | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益APDMAT
| Q1 26 | $18.1M | $2.1B | ||
| Q4 25 | $15.4B | $2.2B | ||
| Q3 25 | $15.0B | $2.3B | ||
| Q2 25 | $15.5B | $2.2B | ||
| Q1 25 | $14.7B | $2.1B | ||
| Q4 24 | $16.7B | $2.3B | ||
| Q3 24 | $17.0B | $2.3B | ||
| Q2 24 | $15.1B | $2.0B |
总资产APDMAT
| Q1 26 | $41.6M | $6.3B | ||
| Q4 25 | $41.2B | $6.6B | ||
| Q3 25 | $41.1B | $6.6B | ||
| Q2 25 | $41.7B | $6.2B | ||
| Q1 25 | $38.9B | $6.2B | ||
| Q4 24 | $40.0B | $6.5B | ||
| Q3 24 | $39.6B | $6.5B | ||
| Q2 24 | $37.0B | $5.9B |
负债/权益比APDMAT
| Q1 26 | 0.96× | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $-88.1M |
| 自由现金流率自由现金流/营收 | — | -10.2% |
| 资本支出强度资本支出/营收 | 56.4% | 7.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 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APDMAT
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $796.6M | ||
| Q3 25 | — | $72.0M | ||
| Q2 25 | $855.8M | $-300.1M | ||
| Q1 25 | $328.1M | $24.8M | ||
| Q4 24 | $811.7M | $862.1M | ||
| Q3 24 | — | $155.8M | ||
| Q2 24 | $1.3B | $-252.9M |
自由现金流APDMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $-350.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-640.0M | — | ||
| Q1 25 | $-1.6B | — | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-345.2M | — |
自由现金流率APDMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | -11.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -21.2% | — | ||
| Q1 25 | -53.6% | — | ||
| Q4 24 | -44.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.6% | — |
资本支出强度APDMAT
| Q1 26 | 56.4% | 7.6% | ||
| Q4 25 | 40.3% | — | ||
| Q3 25 | 47.9% | — | ||
| Q2 25 | 49.5% | — | ||
| Q1 25 | 64.9% | — | ||
| Q4 24 | 72.2% | — | ||
| Q3 24 | 65.1% | — | ||
| Q2 24 | 53.8% | — |
现金转化率APDMAT
| Q1 26 | — | — | ||
| Q4 25 | 1.33× | 7.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | 1.20× | -5.62× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.31× | 6.12× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | 1.81× | -4.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
