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空气化工产品公司（APD）与null（SWIM）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null的31.0倍（$3.1B vs $100.0M）。空气化工产品公司净利率更高（21.9% vs -7.0%，领先28.9%）。null同比增速更快（14.5% vs 5.8%）。null自由现金流更多（$14.1M vs $-350.5M）。过去两年空气化工产品公司的营收复合增速更高（2.9% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
APD vs SWIM — 直观对比
营收规模更大
APD
是对方的31.0倍
$100.0M
营收增速更快
SWIM
高出8.7%
5.8%
净利率更高
APD
高出28.9%
-7.0%
自由现金流更多
SWIM
多$364.6M
$-350.5M
两年增速更快
APD
近两年复合增速
-4.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $100.0M |
| 净利润 | $678.2M | $-7.0M |
| 毛利率 | 32.1% | 28.0% |
| 营业利润率 | 23.7% | -10.7% |
| 净利率 | 21.9% | -7.0% |
| 营收同比 | 5.8% | 14.5% |
| 净利润同比 | 9.8% | 76.0% |
| 每股收益（稀释后） | $3.04 | $-0.06 |
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APDSWIM
| Q4 25 | $3.1B | $100.0M | ||
| Q3 25 | $3.2B | $161.9M | ||
| Q2 25 | $3.0B | $172.6M | ||
| Q1 25 | $2.9B | $111.4M | ||
| Q4 24 | $2.9B | $87.3M | ||
| Q3 24 | $3.2B | $150.5M | ||
| Q2 24 | $3.0B | $160.1M | ||
| Q1 24 | $2.9B | $110.6M |
净利润APDSWIM
| Q4 25 | $678.2M | $-7.0M | ||
| Q3 25 | $4.9M | $8.1M | ||
| Q2 25 | $713.8M | $16.0M | ||
| Q1 25 | $-1.7B | $-6.0M | ||
| Q4 24 | $617.4M | $-29.2M | ||
| Q3 24 | $1.9B | $5.9M | ||
| Q2 24 | $696.6M | $13.3M | ||
| Q1 24 | $572.4M | $-7.9M |
毛利率APDSWIM
| Q4 25 | 32.1% | 28.0% | ||
| Q3 25 | 32.3% | 35.4% | ||
| Q2 25 | 32.5% | 37.1% | ||
| Q1 25 | 29.6% | 29.5% | ||
| Q4 24 | 31.2% | 24.6% | ||
| Q3 24 | 34.0% | 32.4% | ||
| Q2 24 | 32.8% | 33.1% | ||
| Q1 24 | 32.0% | 27.7% |
营业利润率APDSWIM
| Q4 25 | 23.7% | -10.7% | ||
| Q3 25 | 0.5% | 13.3% | ||
| Q2 25 | 26.2% | 14.3% | ||
| Q1 25 | -79.8% | -4.4% | ||
| Q4 24 | 22.0% | -14.9% | ||
| Q3 24 | 76.1% | 8.9% | ||
| Q2 24 | 24.7% | 12.5% | ||
| Q1 24 | 21.7% | -1.9% |
净利率APDSWIM
| Q4 25 | 21.9% | -7.0% | ||
| Q3 25 | 0.2% | 5.0% | ||
| Q2 25 | 23.6% | 9.3% | ||
| Q1 25 | -59.3% | -5.4% | ||
| Q4 24 | 21.1% | -33.4% | ||
| Q3 24 | 61.2% | 3.9% | ||
| Q2 24 | 23.3% | 8.3% | ||
| Q1 24 | 19.5% | -7.1% |
每股收益（稀释后）APDSWIM
| Q4 25 | $3.04 | $-0.06 | ||
| Q3 25 | $0.03 | $0.07 | ||
| Q2 25 | $3.20 | $0.13 | ||
| Q1 25 | $-7.77 | $-0.05 | ||
| Q4 24 | $2.77 | $-0.24 | ||
| Q3 24 | $8.75 | $0.05 | ||
| Q2 24 | $3.13 | $0.11 | ||
| Q1 24 | $2.57 | $-0.07 |
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 | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $15.4B | $405.9M |
| 总资产 | $41.2B | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资APDSWIM
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
总债务APDSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益APDSWIM
| Q4 25 | $15.4B | $405.9M | ||
| Q3 25 | $15.0B | $408.4M | ||
| Q2 25 | $15.5B | $398.4M | ||
| Q1 25 | $14.7B | $381.1M | ||
| Q4 24 | $16.7B | $387.2M | ||
| Q3 24 | $17.0B | $416.6M | ||
| Q2 24 | $15.1B | $408.1M | ||
| Q1 24 | $14.9B | $391.8M |
总资产APDSWIM
| Q4 25 | $41.2B | $823.2M | ||
| Q3 25 | $41.1B | $844.4M | ||
| Q2 25 | $41.7B | $822.1M | ||
| Q1 25 | $38.9B | $824.6M | ||
| Q4 24 | $40.0B | $794.2M | ||
| Q3 24 | $39.6B | $853.4M | ||
| Q2 24 | $37.0B | $830.0M | ||
| Q1 24 | $35.9B | $808.6M |
负债/权益比APDSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $14.1M |
| 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% | 9.2% |
| 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 | — | $38.0M |
8季度趋势，按日历期对齐
经营现金流APDSWIM
| Q4 25 | $900.7M | $23.3M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | $855.8M | $36.0M | ||
| Q1 25 | $328.1M | $-46.9M | ||
| Q4 24 | $811.7M | $6.2M | ||
| Q3 24 | — | $37.2M | ||
| Q2 24 | $1.3B | $52.4M | ||
| Q1 24 | $801.7M | $-34.5M |
自由现金流APDSWIM
| Q4 25 | $-350.5M | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | $-640.0M | $29.1M | ||
| Q1 25 | $-1.6B | $-50.3M | ||
| Q4 24 | $-1.3B | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | $-345.2M | $47.9M | ||
| Q1 24 | $-867.7M | $-39.9M |
自由现金流率APDSWIM
| Q4 25 | -11.3% | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | -21.2% | 16.8% | ||
| Q1 25 | -53.6% | -45.2% | ||
| Q4 24 | -44.5% | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | -11.6% | 29.9% | ||
| Q1 24 | -29.6% | -36.0% |
资本支出强度APDSWIM
| Q4 25 | 40.3% | 9.2% | ||
| Q3 25 | 47.9% | 3.6% | ||
| Q2 25 | 49.5% | 4.0% | ||
| Q1 25 | 64.9% | 3.1% | ||
| Q4 24 | 72.2% | 7.2% | ||
| Q3 24 | 65.1% | 2.7% | ||
| Q2 24 | 53.8% | 2.8% | ||
| Q1 24 | 57.0% | 4.8% |
现金转化率APDSWIM
| Q4 25 | 1.33× | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | 1.20× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | 1.81× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
