vs
空气化工产品公司（APD）与怪兽饮料（MNST）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怪兽饮料的1.5倍（$3.1B vs $2.1B），空气化工产品公司净利率更高（21.9% vs 21.1%，领先0.8%），怪兽饮料同比增速更快（17.6% vs 5.8%），怪兽饮料自由现金流更多（$351.2M vs $-350.5M），过去两年怪兽饮料的营收复合增速更高（5.9% vs 2.9%）
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。
怪兽饮料是美国知名饮品企业，旗下拥有魔爪、Relentless、Reign、Burn等多款畅销能量饮料产品。公司1935年创立于美国南加州，前身为Hansen's，最初主营果汁产品，2012年正式更为现名。
APD vs MNST — 直观对比
营收规模更大
APD
是对方的1.5倍
$2.1B
营收增速更快
MNST
高出11.8%
5.8%
净利率更高
APD
高出0.8%
21.1%
自由现金流更多
MNST
多$701.7M
$-350.5M
两年增速更快
MNST
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.1B |
| 净利润 | $678.2M | $449.2M |
| 毛利率 | 32.1% | 55.5% |
| 营业利润率 | 23.7% | 25.5% |
| 净利率 | 21.9% | 21.1% |
| 营收同比 | 5.8% | 17.6% |
| 净利润同比 | 9.8% | 65.9% |
| 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APDMNST
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.0B | $2.1B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $3.2B | $1.9B | ||
| Q2 24 | $3.0B | $1.9B | ||
| Q1 24 | $2.9B | $1.9B |
净利润APDMNST
| Q4 25 | $678.2M | $449.2M | ||
| Q3 25 | $4.9M | $524.5M | ||
| Q2 25 | $713.8M | $488.8M | ||
| Q1 25 | $-1.7B | $443.0M | ||
| Q4 24 | $617.4M | $270.7M | ||
| Q3 24 | $1.9B | $370.9M | ||
| Q2 24 | $696.6M | $425.4M | ||
| Q1 24 | $572.4M | $442.0M |
毛利率APDMNST
| Q4 25 | 32.1% | 55.5% | ||
| Q3 25 | 32.3% | 55.7% | ||
| Q2 25 | 32.5% | 55.7% | ||
| Q1 25 | 29.6% | 56.5% | ||
| Q4 24 | 31.2% | 55.3% | ||
| Q3 24 | 34.0% | 53.2% | ||
| Q2 24 | 32.8% | 53.6% | ||
| Q1 24 | 32.0% | 54.1% |
营业利润率APDMNST
| Q4 25 | 23.7% | 25.5% | ||
| Q3 25 | 0.5% | 30.7% | ||
| Q2 25 | 26.2% | 29.9% | ||
| Q1 25 | -79.8% | 30.7% | ||
| Q4 24 | 22.0% | 21.0% | ||
| Q3 24 | 76.1% | 25.5% | ||
| Q2 24 | 24.7% | 27.7% | ||
| Q1 24 | 21.7% | 28.5% |
净利率APDMNST
| Q4 25 | 21.9% | 21.1% | ||
| Q3 25 | 0.2% | 23.9% | ||
| Q2 25 | 23.6% | 23.1% | ||
| Q1 25 | -59.3% | 23.9% | ||
| Q4 24 | 21.1% | 14.9% | ||
| Q3 24 | 61.2% | 19.7% | ||
| Q2 24 | 23.3% | 22.4% | ||
| Q1 24 | 19.5% | 23.3% |
每股收益（稀释后）APDMNST
| Q4 25 | $3.04 | — | ||
| Q3 25 | $0.03 | — | ||
| Q2 25 | $3.20 | — | ||
| Q1 25 | $-7.77 | — | ||
| Q4 24 | $2.77 | — | ||
| Q3 24 | $8.75 | — | ||
| Q2 24 | $3.13 | — | ||
| Q1 24 | $2.57 | — |
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 | $2.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $8.3B |
| 总资产 | $41.2B | $10.0B |
| 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APDMNST
| Q4 25 | $1.0B | $2.8B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $2.3B | $2.1B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $3.0B | $1.6B | ||
| Q2 24 | $2.4B | $1.6B | ||
| Q1 24 | $2.6B | $3.6B |
总债务APDMNST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $199.1M | ||
| Q4 24 | — | $374.0M | ||
| Q3 24 | — | $748.8M | ||
| Q2 24 | — | $748.7M | ||
| Q1 24 | — | — |
股东权益APDMNST
| Q4 25 | $15.4B | $8.3B | ||
| Q3 25 | $15.0B | $7.7B | ||
| Q2 25 | $15.5B | $7.2B | ||
| Q1 25 | $14.7B | $6.5B | ||
| Q4 24 | $16.7B | $6.0B | ||
| Q3 24 | $17.0B | $5.8B | ||
| Q2 24 | $15.1B | $5.9B | ||
| Q1 24 | $14.9B | $8.6B |
总资产APDMNST
| Q4 25 | $41.2B | $10.0B | ||
| Q3 25 | $41.1B | $9.6B | ||
| Q2 25 | $41.7B | $8.7B | ||
| Q1 25 | $38.9B | $8.2B | ||
| Q4 24 | $40.0B | $7.7B | ||
| Q3 24 | $39.6B | $8.1B | ||
| Q2 24 | $37.0B | $8.1B | ||
| Q1 24 | $35.9B | $10.1B |
负债/权益比APDMNST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.13× | ||
| Q1 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 | $379.4M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $351.2M |
| 自由现金流率自由现金流/营收 | -11.3% | 16.5% |
| 资本支出强度资本支出/营收 | 40.3% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.33× | 0.84× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流APDMNST
| Q4 25 | $900.7M | $379.4M | ||
| Q3 25 | — | $745.1M | ||
| Q2 25 | $855.8M | $466.0M | ||
| Q1 25 | $328.1M | $507.6M | ||
| Q4 24 | $811.7M | $461.7M | ||
| Q3 24 | — | $618.4M | ||
| Q2 24 | $1.3B | $436.3M | ||
| Q1 24 | $801.7M | $412.1M |
自由现金流APDMNST
| Q4 25 | $-350.5M | $351.2M | ||
| Q3 25 | — | $701.5M | ||
| Q2 25 | $-640.0M | $434.6M | ||
| Q1 25 | $-1.6B | $478.5M | ||
| Q4 24 | $-1.3B | $370.4M | ||
| Q3 24 | — | $571.4M | ||
| Q2 24 | $-345.2M | $376.5M | ||
| Q1 24 | $-867.7M | $346.1M |
自由现金流率APDMNST
| Q4 25 | -11.3% | 16.5% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | -21.2% | 20.6% | ||
| Q1 25 | -53.6% | 25.8% | ||
| Q4 24 | -44.5% | 20.4% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | -11.6% | 19.8% | ||
| Q1 24 | -29.6% | 18.2% |
资本支出强度APDMNST
| Q4 25 | 40.3% | 1.3% | ||
| Q3 25 | 47.9% | 2.0% | ||
| Q2 25 | 49.5% | 1.5% | ||
| Q1 25 | 64.9% | 1.6% | ||
| Q4 24 | 72.2% | 5.0% | ||
| Q3 24 | 65.1% | 2.5% | ||
| Q2 24 | 53.8% | 3.1% | ||
| Q1 24 | 57.0% | 3.5% |
现金转化率APDMNST
| Q4 25 | 1.33× | 0.84× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | 1.20× | 0.95× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | 1.31× | 1.71× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | 1.81× | 1.03× | ||
| Q1 24 | 1.40× | 0.93× |
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% |
MNST
| Monster Energy Drinks Segment | $1.2B | 57% |
| Sales Revenue Product Line | $905.5M | 42% |
| Strategic Brands Segment | $50.3M | 2% |
| Alcohol Brands Segment | $29.0M | 1% |
