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空气化工产品公司（APD）与Ranpak Holdings Corp.（PACK）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Ranpak Holdings Corp.的33.1倍（$3.1B vs $93.7M）。空气化工产品公司同比增速更快（5.8% vs 2.3%）。过去两年Ranpak Holdings Corp.的营收复合增速更高（13.7% 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。
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
APD vs PACK — 直观对比
营收规模更大
APD
是对方的33.1倍
$93.7M
营收增速更快
APD
高出3.5%
2.3%
两年增速更快
PACK
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $93.7M |
| 净利润 | $678.2M | — |
| 毛利率 | 32.1% | 39.0% |
| 营业利润率 | 23.7% | -1.0% |
| 净利率 | 21.9% | — |
| 营收同比 | 5.8% | 2.3% |
| 净利润同比 | 9.8% | — |
| 每股收益（稀释后） | $3.04 | $-0.11 |
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APDPACK
| Q4 25 | $3.1B | $93.7M | ||
| Q3 25 | $3.2B | $83.6M | ||
| Q2 25 | $3.0B | $77.8M | ||
| Q1 25 | $2.9B | $77.6M | ||
| Q4 24 | $2.9B | $91.6M | ||
| Q3 24 | $3.2B | $78.6M | ||
| Q2 24 | $3.0B | $72.8M | ||
| Q1 24 | $2.9B | $72.5M |
净利润APDPACK
| Q4 25 | $678.2M | — | ||
| Q3 25 | $4.9M | $-10.4M | ||
| Q2 25 | $713.8M | $-7.5M | ||
| Q1 25 | $-1.7B | $-10.9M | ||
| Q4 24 | $617.4M | — | ||
| Q3 24 | $1.9B | $-8.1M | ||
| Q2 24 | $696.6M | $5.5M | ||
| Q1 24 | $572.4M | $-8.1M |
毛利率APDPACK
| Q4 25 | 32.1% | 39.0% | ||
| Q3 25 | 32.3% | 41.1% | ||
| Q2 25 | 32.5% | 37.1% | ||
| Q1 25 | 29.6% | 39.8% | ||
| Q4 24 | 31.2% | 45.2% | ||
| Q3 24 | 34.0% | 43.8% | ||
| Q2 24 | 32.8% | 43.5% | ||
| Q1 24 | 32.0% | 44.6% |
营业利润率APDPACK
| Q4 25 | 23.7% | -1.0% | ||
| Q3 25 | 0.5% | -6.8% | ||
| Q2 25 | 26.2% | -12.5% | ||
| Q1 25 | -79.8% | -10.3% | ||
| Q4 24 | 22.0% | 1.5% | ||
| Q3 24 | 76.1% | -5.3% | ||
| Q2 24 | 24.7% | -7.1% | ||
| Q1 24 | 21.7% | -6.6% |
净利率APDPACK
| Q4 25 | 21.9% | — | ||
| Q3 25 | 0.2% | -12.4% | ||
| Q2 25 | 23.6% | -9.6% | ||
| Q1 25 | -59.3% | -14.0% | ||
| Q4 24 | 21.1% | — | ||
| Q3 24 | 61.2% | -10.3% | ||
| Q2 24 | 23.3% | 7.6% | ||
| Q1 24 | 19.5% | -11.2% |
每股收益（稀释后）APDPACK
| Q4 25 | $3.04 | $-0.11 | ||
| Q3 25 | $0.03 | $-0.12 | ||
| Q2 25 | $3.20 | $-0.09 | ||
| Q1 25 | $-7.77 | $-0.13 | ||
| Q4 24 | $2.77 | $-0.13 | ||
| Q3 24 | $8.75 | $-0.10 | ||
| Q2 24 | $3.13 | $0.07 | ||
| Q1 24 | $2.57 | $-0.10 |
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 | $63.0M |
| 总债务越低越好 | — | $401.9M |
| 股东权益账面价值 | $15.4B | $534.9M |
| 总资产 | $41.2B | $1.1B |
| 负债/权益比越低杠杆越低 | — | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资APDPACK
| Q4 25 | $1.0B | $63.0M | ||
| Q3 25 | $1.9B | $49.9M | ||
| Q2 25 | $2.3B | $49.2M | ||
| Q1 25 | $1.6B | $65.5M | ||
| Q4 24 | $2.0B | $76.1M | ||
| Q3 24 | $3.0B | $69.5M | ||
| Q2 24 | $2.4B | $65.1M | ||
| Q1 24 | $2.6B | $55.1M |
总债务APDPACK
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
股东权益APDPACK
| Q4 25 | $15.4B | $534.9M | ||
| Q3 25 | $15.0B | $537.8M | ||
| Q2 25 | $15.5B | $539.0M | ||
| Q1 25 | $14.7B | $544.1M | ||
| Q4 24 | $16.7B | $548.1M | ||
| Q3 24 | $17.0B | $564.3M | ||
| Q2 24 | $15.1B | $566.2M | ||
| Q1 24 | $14.9B | $560.0M |
总资产APDPACK
| Q4 25 | $41.2B | $1.1B | ||
| Q3 25 | $41.1B | $1.1B | ||
| Q2 25 | $41.7B | $1.1B | ||
| Q1 25 | $38.9B | $1.1B | ||
| Q4 24 | $40.0B | $1.1B | ||
| Q3 24 | $39.6B | $1.1B | ||
| Q2 24 | $37.0B | $1.1B | ||
| Q1 24 | $35.9B | $1.1B |
负债/权益比APDPACK
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.71× |
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 | $19.5M |
| 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% | — |
| 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APDPACK
| Q4 25 | $900.7M | $19.5M | ||
| Q3 25 | — | $8.5M | ||
| Q2 25 | $855.8M | $-3.6M | ||
| Q1 25 | $328.1M | $-1.3M | ||
| Q4 24 | $811.7M | $6.5M | ||
| Q3 24 | — | $10.1M | ||
| Q2 24 | $1.3B | $19.6M | ||
| Q1 24 | $801.7M | $5.2M |
自由现金流APDPACK
| Q4 25 | $-350.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-640.0M | — | ||
| Q1 25 | $-1.6B | — | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-345.2M | — | ||
| Q1 24 | $-867.7M | — |
自由现金流率APDPACK
| Q4 25 | -11.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -21.2% | — | ||
| Q1 25 | -53.6% | — | ||
| Q4 24 | -44.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.6% | — | ||
| Q1 24 | -29.6% | — |
资本支出强度APDPACK
| 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% | — | ||
| Q1 24 | 57.0% | — |
现金转化率APDPACK
| Q4 25 | 1.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.81× | 3.56× | ||
| 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% |
PACK
暂无分部数据
