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空气化工产品公司（APD）与信安金融集团（PFG）财务数据对比。点击上方公司名可切换其他公司
信安金融集团的季度营收约是空气化工产品公司的1.5倍（$4.6B vs $3.1B），空气化工产品公司净利率更高（21.9% vs 11.3%，领先10.6%），空气化工产品公司同比增速更快（5.8% vs -3.7%），过去两年信安金融集团的营收复合增速更高（6.3% 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。
信安金融集团（股票代码：PFG）是总部位于美国艾奥瓦州得梅因的全球性金融服务企业，核心业务涵盖投资管理、保险服务两大板块，在全球多个区域开展业务，为机构客户和个人用户提供专业定制化的金融解决方案，在行业内拥有较高知名度。
APD vs PFG — 直观对比
营收规模更大
PFG
是对方的1.5倍
$3.1B
营收增速更快
APD
高出9.5%
-3.7%
净利率更高
APD
高出10.6%
11.3%
两年增速更快
PFG
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.6B |
| 净利润 | $678.2M | $517.0M |
| 毛利率 | 32.1% | — |
| 营业利润率 | 23.7% | — |
| 净利率 | 21.9% | 11.3% |
| 营收同比 | 5.8% | -3.7% |
| 净利润同比 | 9.8% | -42.9% |
| 每股收益（稀释后） | $3.04 | $2.30 |
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APDPFG
| Q4 25 | $3.1B | $4.6B | ||
| Q3 25 | $3.2B | $3.7B | ||
| Q2 25 | $3.0B | $3.7B | ||
| Q1 25 | $2.9B | $3.7B | ||
| Q4 24 | $2.9B | $4.8B | ||
| Q3 24 | $3.2B | $3.0B | ||
| Q2 24 | $3.0B | $4.3B | ||
| Q1 24 | $2.9B | $4.1B |
净利润APDPFG
| Q4 25 | $678.2M | $517.0M | ||
| Q3 25 | $4.9M | $213.8M | ||
| Q2 25 | $713.8M | $406.2M | ||
| Q1 25 | $-1.7B | $48.1M | ||
| Q4 24 | $617.4M | $905.4M | ||
| Q3 24 | $1.9B | $-220.0M | ||
| Q2 24 | $696.6M | $353.1M | ||
| Q1 24 | $572.4M | $532.5M |
毛利率APDPFG
| Q4 25 | 32.1% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 32.5% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 31.2% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 32.8% | — | ||
| Q1 24 | 32.0% | — |
营业利润率APDPFG
| Q4 25 | 23.7% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 26.2% | — | ||
| Q1 25 | -79.8% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 76.1% | — | ||
| Q2 24 | 24.7% | — | ||
| Q1 24 | 21.7% | — |
净利率APDPFG
| Q4 25 | 21.9% | 11.3% | ||
| Q3 25 | 0.2% | 5.8% | ||
| Q2 25 | 23.6% | 11.1% | ||
| Q1 25 | -59.3% | 1.3% | ||
| Q4 24 | 21.1% | 19.1% | ||
| Q3 24 | 61.2% | -7.3% | ||
| Q2 24 | 23.3% | 8.2% | ||
| Q1 24 | 19.5% | 13.1% |
每股收益（稀释后）APDPFG
| Q4 25 | $3.04 | $2.30 | ||
| Q3 25 | $0.03 | $0.95 | ||
| Q2 25 | $3.20 | $1.79 | ||
| Q1 25 | $-7.77 | $0.21 | ||
| Q4 24 | $2.77 | $3.92 | ||
| Q3 24 | $8.75 | $-0.95 | ||
| Q2 24 | $3.13 | $1.49 | ||
| Q1 24 | $2.57 | $2.22 |
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 | $4.4B |
| 总债务越低越好 | — | $3.9B |
| 股东权益账面价值 | $15.4B | $11.9B |
| 总资产 | $41.2B | $341.4B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资APDPFG
| Q4 25 | $1.0B | $4.4B | ||
| Q3 25 | $1.9B | $5.1B | ||
| Q2 25 | $2.3B | $3.7B | ||
| Q1 25 | $1.6B | $3.9B | ||
| Q4 24 | $2.0B | $4.2B | ||
| Q3 24 | $3.0B | $6.2B | ||
| Q2 24 | $2.4B | $4.8B | ||
| Q1 24 | $2.6B | $4.2B |
总债务APDPFG
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益APDPFG
| Q4 25 | $15.4B | $11.9B | ||
| Q3 25 | $15.0B | $11.7B | ||
| Q2 25 | $15.5B | $11.4B | ||
| Q1 25 | $14.7B | $11.2B | ||
| Q4 24 | $16.7B | $11.1B | ||
| Q3 24 | $17.0B | $11.2B | ||
| Q2 24 | $15.1B | $11.0B | ||
| Q1 24 | $14.9B | $11.2B |
总资产APDPFG
| Q4 25 | $41.2B | $341.4B | ||
| Q3 25 | $41.1B | $334.5B | ||
| Q2 25 | $41.7B | $323.1B | ||
| Q1 25 | $38.9B | $313.0B | ||
| Q4 24 | $40.0B | $313.7B | ||
| Q3 24 | $39.6B | $322.9B | ||
| Q2 24 | $37.0B | $308.8B | ||
| Q1 24 | $35.9B | $308.7B |
负债/权益比APDPFG
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.35× |
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 | $1.7B |
| 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× | 3.37× |
| 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APDPFG
| Q4 25 | $900.7M | $1.7B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $855.8M | $811.9M | ||
| Q1 25 | $328.1M | $977.3M | ||
| Q4 24 | $811.7M | $1.5B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $801.7M | $584.2M |
自由现金流APDPFG
| 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APDPFG
| 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APDPFG
| 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APDPFG
| Q4 25 | 1.33× | 3.37× | ||
| Q3 25 | — | 4.70× | ||
| Q2 25 | 1.20× | 2.00× | ||
| Q1 25 | — | 20.32× | ||
| Q4 24 | 1.31× | 1.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.81× | 4.05× | ||
| Q1 24 | 1.40× | 1.10× |
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% |
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
