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空气化工产品公司（APD）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.2倍（$3.1B vs $2.7B），空气化工产品公司净利率更高（21.9% vs 2.5%，领先19.3%），Rocket Companies, Inc.同比增速更快（52.2% vs 5.8%），空气化工产品公司自由现金流更多（$-350.5M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
APD vs RKT — 直观对比
营收规模更大
APD
是对方的1.2倍
$2.7B
营收增速更快
RKT
高出46.3%
5.8%
净利率更高
APD
高出19.3%
2.5%
自由现金流更多
APD
多$919.1M
$-1.3B
两年增速更快
RKT
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.7B |
| 净利润 | $678.2M | $68.0M |
| 毛利率 | 32.1% | — |
| 营业利润率 | 23.7% | 6.3% |
| 净利率 | 21.9% | 2.5% |
| 营收同比 | 5.8% | 52.2% |
| 净利润同比 | 9.8% | 100.8% |
| 每股收益（稀释后） | $3.04 | $0.10 |
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APDRKT
| Q4 25 | $3.1B | $2.7B | ||
| Q3 25 | $3.2B | $1.6B | ||
| Q2 25 | $3.0B | $1.4B | ||
| Q1 25 | $2.9B | $1.0B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $3.2B | $646.9M | ||
| Q2 24 | $3.0B | $1.3B | ||
| Q1 24 | $2.9B | $1.4B |
净利润APDRKT
| Q4 25 | $678.2M | $68.0M | ||
| Q3 25 | $4.9M | $-123.9M | ||
| Q2 25 | $713.8M | $-1.8M | ||
| Q1 25 | $-1.7B | $-10.4M | ||
| Q4 24 | $617.4M | $33.9M | ||
| Q3 24 | $1.9B | $-22.0M | ||
| Q2 24 | $696.6M | $1.3M | ||
| Q1 24 | $572.4M | $16.2M |
毛利率APDRKT
| Q4 25 | 32.1% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 32.5% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 31.2% | 58.9% | ||
| Q3 24 | 34.0% | -8.4% | ||
| Q2 24 | 32.8% | 47.4% | ||
| Q1 24 | 32.0% | 51.2% |
营业利润率APDRKT
| Q4 25 | 23.7% | 6.3% | ||
| Q3 25 | 0.5% | -11.5% | ||
| Q2 25 | 26.2% | 1.8% | ||
| Q1 25 | -79.8% | -21.5% | ||
| Q4 24 | 22.0% | 38.1% | ||
| Q3 24 | 76.1% | -76.9% | ||
| Q2 24 | 24.7% | 14.8% | ||
| Q1 24 | 21.7% | 21.6% |
净利率APDRKT
| Q4 25 | 21.9% | 2.5% | ||
| Q3 25 | 0.2% | -7.7% | ||
| Q2 25 | 23.6% | -0.1% | ||
| Q1 25 | -59.3% | -1.0% | ||
| Q4 24 | 21.1% | 1.9% | ||
| Q3 24 | 61.2% | -3.4% | ||
| Q2 24 | 23.3% | 0.1% | ||
| Q1 24 | 19.5% | 1.2% |
每股收益（稀释后）APDRKT
| Q4 25 | $3.04 | $0.10 | ||
| Q3 25 | $0.03 | $-0.06 | ||
| Q2 25 | $3.20 | $-0.01 | ||
| Q1 25 | $-7.77 | $-0.08 | ||
| Q4 24 | $2.77 | $0.28 | ||
| Q3 24 | $8.75 | $-0.19 | ||
| Q2 24 | $3.13 | $0.01 | ||
| Q1 24 | $2.57 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $22.9B |
| 总资产 | $41.2B | $60.7B |
| 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APDRKT
| Q4 25 | $1.0B | $2.7B | ||
| Q3 25 | $1.9B | $5.8B | ||
| Q2 25 | $2.3B | $5.1B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $3.0B | $1.2B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.6B | $861.4M |
股东权益APDRKT
| Q4 25 | $15.4B | $22.9B | ||
| Q3 25 | $15.0B | $8.9B | ||
| Q2 25 | $15.5B | $7.4B | ||
| Q1 25 | $14.7B | $8.6B | ||
| Q4 24 | $16.7B | $9.0B | ||
| Q3 24 | $17.0B | $8.4B | ||
| Q2 24 | $15.1B | $8.8B | ||
| Q1 24 | $14.9B | $8.6B |
总资产APDRKT
| Q4 25 | $41.2B | $60.7B | ||
| Q3 25 | $41.1B | $33.6B | ||
| Q2 25 | $41.7B | $30.4B | ||
| Q1 25 | $38.9B | $25.3B | ||
| Q4 24 | $40.0B | $24.5B | ||
| Q3 24 | $39.6B | $25.1B | ||
| Q2 24 | $37.0B | $23.6B | ||
| Q1 24 | $35.9B | $22.2B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $-1.3B |
| 自由现金流率自由现金流/营收 | -11.3% | -47.2% |
| 资本支出强度资本支出/营收 | 40.3% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.33× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流APDRKT
| Q4 25 | $900.7M | $-1.2B | ||
| Q3 25 | — | $-50.3M | ||
| Q2 25 | $855.8M | $-1.9B | ||
| Q1 25 | $328.1M | $-797.0M | ||
| Q4 24 | $811.7M | $1.8B | ||
| Q3 24 | — | $-1.3B | ||
| Q2 24 | $1.3B | $-122.3M | ||
| Q1 24 | $801.7M | $-3.0B |
自由现金流APDRKT
| Q4 25 | $-350.5M | $-1.3B | ||
| Q3 25 | — | $-71.8M | ||
| Q2 25 | $-640.0M | $-1.9B | ||
| Q1 25 | $-1.6B | $-811.0M | ||
| Q4 24 | $-1.3B | $1.8B | ||
| Q3 24 | — | $-1.4B | ||
| Q2 24 | $-345.2M | $-138.3M | ||
| Q1 24 | $-867.7M | $-3.0B |
自由现金流率APDRKT
| Q4 25 | -11.3% | -47.2% | ||
| Q3 25 | — | -4.5% | ||
| Q2 25 | -21.2% | -137.2% | ||
| Q1 25 | -53.6% | -78.2% | ||
| Q4 24 | -44.5% | 103.1% | ||
| Q3 24 | — | -209.6% | ||
| Q2 24 | -11.6% | -10.6% | ||
| Q1 24 | -29.6% | -218.7% |
资本支出强度APDRKT
| Q4 25 | 40.3% | 1.5% | ||
| Q3 25 | 47.9% | 1.3% | ||
| Q2 25 | 49.5% | 1.1% | ||
| Q1 25 | 64.9% | 1.4% | ||
| Q4 24 | 72.2% | 1.1% | ||
| Q3 24 | 65.1% | 2.9% | ||
| Q2 24 | 53.8% | 1.2% | ||
| Q1 24 | 57.0% | 1.0% |
现金转化率APDRKT
| Q4 25 | 1.33× | -18.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.31× | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.81× | -94.46× | ||
| Q1 24 | 1.40× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
