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空气化工产品公司（APD）与Champion Homes, Inc.（SKY）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Champion Homes, Inc.的4.7倍（$3.1B vs $656.6M）。空气化工产品公司净利率更高（21.9% vs 8.3%，领先13.6%）。空气化工产品公司同比增速更快（5.8% vs 1.8%）。Champion Homes, Inc.自由现金流更多（$92.9M vs $-350.5M）。过去两年Champion Homes, Inc.的营收复合增速更高（10.6% 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。
Champion Homes, Inc.是移动及模块化住宅制造企业，为北美头部模块化住宅建造商之一，业务覆盖美国及加拿大西部地区，提供工厂预制住宅产品，可满足不同场景的居住需求，凭借工业化生产优势保障住房品质与交付效率。
APD vs SKY — 直观对比
营收规模更大
APD
是对方的4.7倍
$656.6M
营收增速更快
APD
高出4.0%
1.8%
净利率更高
APD
高出13.6%
8.3%
自由现金流更多
SKY
多$443.4M
$-350.5M
两年增速更快
SKY
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $656.6M |
| 净利润 | $678.2M | $54.3M |
| 毛利率 | 32.1% | 26.2% |
| 营业利润率 | 23.7% | 9.5% |
| 净利率 | 21.9% | 8.3% |
| 营收同比 | 5.8% | 1.8% |
| 净利润同比 | 9.8% | -11.7% |
| 每股收益（稀释后） | $3.04 | $0.97 |
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APDSKY
| Q4 25 | $3.1B | $656.6M | ||
| Q3 25 | $3.2B | $684.4M | ||
| Q2 25 | $3.0B | $701.3M | ||
| Q1 25 | $2.9B | $593.9M | ||
| Q4 24 | $2.9B | $644.9M | ||
| Q3 24 | $3.2B | $616.9M | ||
| Q2 24 | $3.0B | $627.8M | ||
| Q1 24 | $2.9B | $536.4M |
净利润APDSKY
| Q4 25 | $678.2M | $54.3M | ||
| Q3 25 | $4.9M | $58.2M | ||
| Q2 25 | $713.8M | $64.7M | ||
| Q1 25 | $-1.7B | $36.3M | ||
| Q4 24 | $617.4M | $61.5M | ||
| Q3 24 | $1.9B | $54.7M | ||
| Q2 24 | $696.6M | $45.8M | ||
| Q1 24 | $572.4M | $2.8M |
毛利率APDSKY
| Q4 25 | 32.1% | 26.2% | ||
| Q3 25 | 32.3% | 27.5% | ||
| Q2 25 | 32.5% | 27.1% | ||
| Q1 25 | 29.6% | 25.7% | ||
| Q4 24 | 31.2% | 28.1% | ||
| Q3 24 | 34.0% | 27.0% | ||
| Q2 24 | 32.8% | 26.2% | ||
| Q1 24 | 32.0% | 18.3% |
营业利润率APDSKY
| Q4 25 | 23.7% | 9.5% | ||
| Q3 25 | 0.5% | 10.9% | ||
| Q2 25 | 26.2% | 11.2% | ||
| Q1 25 | -79.8% | 7.1% | ||
| Q4 24 | 22.0% | 11.3% | ||
| Q3 24 | 76.1% | 10.8% | ||
| Q2 24 | 24.7% | 8.8% | ||
| Q1 24 | 21.7% | 1.4% |
净利率APDSKY
| Q4 25 | 21.9% | 8.3% | ||
| Q3 25 | 0.2% | 8.5% | ||
| Q2 25 | 23.6% | 9.2% | ||
| Q1 25 | -59.3% | 6.1% | ||
| Q4 24 | 21.1% | 9.5% | ||
| Q3 24 | 61.2% | 8.9% | ||
| Q2 24 | 23.3% | 7.3% | ||
| Q1 24 | 19.5% | 0.5% |
每股收益（稀释后）APDSKY
| Q4 25 | $3.04 | $0.97 | ||
| Q3 25 | $0.03 | $1.03 | ||
| Q2 25 | $3.20 | $1.13 | ||
| Q1 25 | $-7.77 | $0.63 | ||
| Q4 24 | $2.77 | $1.06 | ||
| Q3 24 | $8.75 | $0.94 | ||
| Q2 24 | $3.13 | $0.79 | ||
| Q1 24 | $2.57 | $0.04 |
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 | $659.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $1.6B |
| 总资产 | $41.2B | $2.1B |
| 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APDSKY
| Q4 25 | $1.0B | $659.8M | ||
| Q3 25 | $1.9B | $618.7M | ||
| Q2 25 | $2.3B | $605.3M | ||
| Q1 25 | $1.6B | $610.3M | ||
| Q4 24 | $2.0B | $581.8M | ||
| Q3 24 | $3.0B | $570.2M | ||
| Q2 24 | $2.4B | $548.9M | ||
| Q1 24 | $2.6B | $495.1M |
股东权益APDSKY
| Q4 25 | $15.4B | $1.6B | ||
| Q3 25 | $15.0B | $1.6B | ||
| Q2 25 | $15.5B | $1.6B | ||
| Q1 25 | $14.7B | $1.5B | ||
| Q4 24 | $16.7B | $1.5B | ||
| Q3 24 | $17.0B | $1.5B | ||
| Q2 24 | $15.1B | $1.5B | ||
| Q1 24 | $14.9B | $1.4B |
总资产APDSKY
| Q4 25 | $41.2B | $2.1B | ||
| Q3 25 | $41.1B | $2.1B | ||
| Q2 25 | $41.7B | $2.1B | ||
| Q1 25 | $38.9B | $2.1B | ||
| Q4 24 | $40.0B | $2.0B | ||
| Q3 24 | $39.6B | $2.0B | ||
| Q2 24 | $37.0B | $2.0B | ||
| Q1 24 | $35.9B | $1.9B |
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 | $100.0M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $92.9M |
| 自由现金流率自由现金流/营收 | -11.3% | 14.1% |
| 资本支出强度资本支出/营收 | 40.3% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.33× | 1.84× |
| 过去12个月自由现金流最近4个季度 | — | $259.7M |
8季度趋势，按日历期对齐
经营现金流APDSKY
| Q4 25 | $900.7M | $100.0M | ||
| Q3 25 | — | $75.9M | ||
| Q2 25 | $855.8M | $75.3M | ||
| Q1 25 | $328.1M | $46.0M | ||
| Q4 24 | $811.7M | $50.4M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | $1.3B | $84.6M | ||
| Q1 24 | $801.7M | — |
自由现金流APDSKY
| Q4 25 | $-350.5M | $92.9M | ||
| Q3 25 | — | $67.0M | ||
| Q2 25 | $-640.0M | $66.4M | ||
| Q1 25 | $-1.6B | $33.4M | ||
| Q4 24 | $-1.3B | $37.3M | ||
| Q3 24 | — | $45.7M | ||
| Q2 24 | $-345.2M | $73.9M | ||
| Q1 24 | $-867.7M | — |
自由现金流率APDSKY
| Q4 25 | -11.3% | 14.1% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | -21.2% | 9.5% | ||
| Q1 25 | -53.6% | 5.6% | ||
| Q4 24 | -44.5% | 5.8% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | -11.6% | 11.8% | ||
| Q1 24 | -29.6% | — |
资本支出强度APDSKY
| Q4 25 | 40.3% | 1.1% | ||
| Q3 25 | 47.9% | 1.3% | ||
| Q2 25 | 49.5% | 1.3% | ||
| Q1 25 | 64.9% | 2.1% | ||
| Q4 24 | 72.2% | 2.0% | ||
| Q3 24 | 65.1% | 2.3% | ||
| Q2 24 | 53.8% | 1.7% | ||
| Q1 24 | 57.0% | — |
现金转化率APDSKY
| Q4 25 | 1.33× | 1.84× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | 1.20× | 1.16× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | 1.31× | 0.82× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | 1.81× | 1.85× | ||
| 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% |
SKY
| Manufacturing | $369.7M | 56% |
| Retail | $252.7M | 38% |
| Canadian Factory Built Housing | $25.8M | 4% |
| Transportation And Other | $8.5M | 1% |
