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空气化工产品公司（APD）与Mativ Holdings, Inc.（MATV）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Mativ Holdings, Inc.的6.7倍（$3.1B vs $463.1M）。空气化工产品公司净利率更高（21.9% vs 21.8%，领先0.1%）。空气化工产品公司同比增速更快（5.8% vs 1.0%）。Mativ Holdings, Inc.自由现金流更多（$8.0M 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 -3.8%）
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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
APD vs MATV — 直观对比
营收规模更大
APD
是对方的6.7倍
$463.1M
营收增速更快
APD
高出4.9%
1.0%
净利率更高
APD
高出0.1%
21.8%
自由现金流更多
MATV
多$358.5M
$-350.5M
两年增速更快
APD
近两年复合增速
-3.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $463.1M |
| 净利润 | $678.2M | $100.8M |
| 毛利率 | 32.1% | 18.8% |
| 营业利润率 | 23.7% | 2.2% |
| 净利率 | 21.9% | 21.8% |
| 营收同比 | 5.8% | 1.0% |
| 净利润同比 | 9.8% | 6620.0% |
| 每股收益（稀释后） | $3.04 | $1.87 |
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APDMATV
| Q4 25 | $3.1B | $463.1M | ||
| Q3 25 | $3.2B | $513.7M | ||
| Q2 25 | $3.0B | $525.4M | ||
| Q1 25 | $2.9B | $484.8M | ||
| Q4 24 | $2.9B | $458.6M | ||
| Q3 24 | $3.2B | $498.5M | ||
| Q2 24 | $3.0B | $523.8M | ||
| Q1 24 | $2.9B | $500.2M |
净利润APDMATV
| Q4 25 | $678.2M | $100.8M | ||
| Q3 25 | $4.9M | $-3.2M | ||
| Q2 25 | $713.8M | $-9.5M | ||
| Q1 25 | $-1.7B | $-425.5M | ||
| Q4 24 | $617.4M | $1.5M | ||
| Q3 24 | $1.9B | $-20.8M | ||
| Q2 24 | $696.6M | $-1.4M | ||
| Q1 24 | $572.4M | $-28.0M |
毛利率APDMATV
| Q4 25 | 32.1% | 18.8% | ||
| Q3 25 | 32.3% | 19.3% | ||
| Q2 25 | 32.5% | 19.7% | ||
| Q1 25 | 29.6% | 15.0% | ||
| Q4 24 | 31.2% | 16.9% | ||
| Q3 24 | 34.0% | 18.8% | ||
| Q2 24 | 32.8% | 20.8% | ||
| Q1 24 | 32.0% | 16.8% |
营业利润率APDMATV
| Q4 25 | 23.7% | 2.2% | ||
| Q3 25 | 0.5% | 3.1% | ||
| Q2 25 | 26.2% | 3.8% | ||
| Q1 25 | -79.8% | -88.8% | ||
| Q4 24 | 22.0% | 0.6% | ||
| Q3 24 | 76.1% | 1.4% | ||
| Q2 24 | 24.7% | 2.0% | ||
| Q1 24 | 21.7% | -2.8% |
净利率APDMATV
| Q4 25 | 21.9% | 21.8% | ||
| Q3 25 | 0.2% | -0.6% | ||
| Q2 25 | 23.6% | -1.8% | ||
| Q1 25 | -59.3% | -87.8% | ||
| Q4 24 | 21.1% | 0.3% | ||
| Q3 24 | 61.2% | -4.2% | ||
| Q2 24 | 23.3% | -0.3% | ||
| Q1 24 | 19.5% | -5.6% |
每股收益（稀释后）APDMATV
| Q4 25 | $3.04 | $1.87 | ||
| Q3 25 | $0.03 | $-0.06 | ||
| Q2 25 | $3.20 | $-0.18 | ||
| Q1 25 | $-7.77 | $-7.82 | ||
| Q4 24 | $2.77 | $0.03 | ||
| Q3 24 | $8.75 | $-0.38 | ||
| Q2 24 | $3.13 | $-0.03 | ||
| Q1 24 | $2.57 | $-0.52 |
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 | $84.2M |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $15.4B | $498.7M |
| 总资产 | $41.2B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资APDMATV
| Q4 25 | $1.0B | $84.2M | ||
| Q3 25 | $1.9B | $97.1M | ||
| Q2 25 | $2.3B | $95.6M | ||
| Q1 25 | $1.6B | $84.0M | ||
| Q4 24 | $2.0B | $94.3M | ||
| Q3 24 | $3.0B | $162.2M | ||
| Q2 24 | $2.4B | $133.4M | ||
| Q1 24 | $2.6B | $128.9M |
总债务APDMATV
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益APDMATV
| Q4 25 | $15.4B | $498.7M | ||
| Q3 25 | $15.0B | $397.4M | ||
| Q2 25 | $15.5B | $416.6M | ||
| Q1 25 | $14.7B | $428.2M | ||
| Q4 24 | $16.7B | $858.5M | ||
| Q3 24 | $17.0B | $882.3M | ||
| Q2 24 | $15.1B | $898.0M | ||
| Q1 24 | $14.9B | $906.9M |
总资产APDMATV
| Q4 25 | $41.2B | $2.1B | ||
| Q3 25 | $41.1B | $2.0B | ||
| Q2 25 | $41.7B | $2.1B | ||
| Q1 25 | $38.9B | $2.1B | ||
| Q4 24 | $40.0B | $2.4B | ||
| Q3 24 | $39.6B | $2.6B | ||
| Q2 24 | $37.0B | $2.6B | ||
| Q1 24 | $35.9B | $2.7B |
负债/权益比APDMATV
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 1.30× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $8.0M |
| 自由现金流率自由现金流/营收 | -11.3% | 1.7% |
| 资本支出强度资本支出/营收 | 40.3% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.33× | 0.19× |
| 过去12个月自由现金流最近4个季度 | — | $93.8M |
8季度趋势，按日历期对齐
经营现金流APDMATV
| Q4 25 | $900.7M | $19.3M | ||
| Q3 25 | — | $72.8M | ||
| Q2 25 | $855.8M | $57.6M | ||
| Q1 25 | $328.1M | $-15.9M | ||
| Q4 24 | $811.7M | $24.1M | ||
| Q3 24 | — | $37.6M | ||
| Q2 24 | $1.3B | $46.1M | ||
| Q1 24 | $801.7M | $-13.0M |
自由现金流APDMATV
| Q4 25 | $-350.5M | $8.0M | ||
| Q3 25 | — | $66.7M | ||
| Q2 25 | $-640.0M | $48.9M | ||
| Q1 25 | $-1.6B | $-29.8M | ||
| Q4 24 | $-1.3B | $2.0M | ||
| Q3 24 | — | $25.5M | ||
| Q2 24 | $-345.2M | $37.4M | ||
| Q1 24 | $-867.7M | $-25.1M |
自由现金流率APDMATV
| Q4 25 | -11.3% | 1.7% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | -21.2% | 9.3% | ||
| Q1 25 | -53.6% | -6.1% | ||
| Q4 24 | -44.5% | 0.4% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | -11.6% | 7.1% | ||
| Q1 24 | -29.6% | -5.0% |
资本支出强度APDMATV
| Q4 25 | 40.3% | 2.4% | ||
| Q3 25 | 47.9% | 1.2% | ||
| Q2 25 | 49.5% | 1.7% | ||
| Q1 25 | 64.9% | 2.9% | ||
| Q4 24 | 72.2% | 4.8% | ||
| Q3 24 | 65.1% | 2.4% | ||
| Q2 24 | 53.8% | 1.7% | ||
| Q1 24 | 57.0% | 2.4% |
现金转化率APDMATV
| Q4 25 | 1.33× | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.31× | 16.07× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.81× | — | ||
| Q1 24 | 1.40× | — |
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% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
