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空气化工产品公司（APD）与Atlassian Corp（TEAM）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Atlassian Corp的2.0倍（$3.1B vs $1.6B），空气化工产品公司净利率更高（21.9% vs -2.7%，领先24.5%），Atlassian Corp同比增速更快（23.3% vs 5.8%），Atlassian Corp自由现金流更多（$168.5M vs $-350.5M）
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。
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
APD vs TEAM — 直观对比
营收规模更大
APD
是对方的2.0倍
$1.6B
营收增速更快
TEAM
高出17.5%
5.8%
净利率更高
APD
高出24.5%
-2.7%
自由现金流更多
TEAM
多$519.0M
$-350.5M
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $1.6B |
| 净利润 | $678.2M | $-42.6M |
| 毛利率 | 32.1% | 85.0% |
| 营业利润率 | 23.7% | -3.0% |
| 净利率 | 21.9% | -2.7% |
| 营收同比 | 5.8% | 23.3% |
| 净利润同比 | 9.8% | -11.6% |
| 每股收益（稀释后） | $3.04 | $-0.16 |
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APDTEAM
| Q4 25 | $3.1B | $1.6B | ||
| Q3 25 | $3.2B | $1.4B | ||
| Q2 25 | $3.0B | $1.4B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $2.9B | $1.3B | ||
| Q3 24 | $3.2B | $1.2B | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $2.9B | $1.2B |
净利润APDTEAM
| Q4 25 | $678.2M | $-42.6M | ||
| Q3 25 | $4.9M | $-51.9M | ||
| Q2 25 | $713.8M | $-23.9M | ||
| Q1 25 | $-1.7B | $-70.8M | ||
| Q4 24 | $617.4M | $-38.2M | ||
| Q3 24 | $1.9B | $-123.8M | ||
| Q2 24 | $696.6M | — | ||
| Q1 24 | $572.4M | $12.8M |
毛利率APDTEAM
| Q4 25 | 32.1% | 85.0% | ||
| Q3 25 | 32.3% | 82.0% | ||
| Q2 25 | 32.5% | 83.1% | ||
| Q1 25 | 29.6% | 83.8% | ||
| Q4 24 | 31.2% | 82.7% | ||
| Q3 24 | 34.0% | 81.7% | ||
| Q2 24 | 32.8% | — | ||
| Q1 24 | 32.0% | 82.1% |
营业利润率APDTEAM
| Q4 25 | 23.7% | -3.0% | ||
| Q3 25 | 0.5% | -6.7% | ||
| Q2 25 | 26.2% | -2.1% | ||
| Q1 25 | -79.8% | -0.9% | ||
| Q4 24 | 22.0% | -4.5% | ||
| Q3 24 | 76.1% | -2.7% | ||
| Q2 24 | 24.7% | — | ||
| Q1 24 | 21.7% | 1.5% |
净利率APDTEAM
| Q4 25 | 21.9% | -2.7% | ||
| Q3 25 | 0.2% | -3.6% | ||
| Q2 25 | 23.6% | -1.7% | ||
| Q1 25 | -59.3% | -5.2% | ||
| Q4 24 | 21.1% | -3.0% | ||
| Q3 24 | 61.2% | -10.4% | ||
| Q2 24 | 23.3% | — | ||
| Q1 24 | 19.5% | 1.1% |
每股收益（稀释后）APDTEAM
| Q4 25 | $3.04 | $-0.16 | ||
| Q3 25 | $0.03 | $-0.20 | ||
| Q2 25 | $3.20 | $-0.08 | ||
| Q1 25 | $-7.77 | $-0.27 | ||
| Q4 24 | $2.77 | $-0.15 | ||
| Q3 24 | $8.75 | $-0.48 | ||
| Q2 24 | $3.13 | — | ||
| Q1 24 | $2.57 | $0.05 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $1.6B |
| 总资产 | $41.2B | $6.2B |
| 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APDTEAM
| Q4 25 | $1.0B | $1.6B | ||
| Q3 25 | $1.9B | $2.8B | ||
| Q2 25 | $2.3B | $2.9B | ||
| Q1 25 | $1.6B | $3.0B | ||
| Q4 24 | $2.0B | $2.5B | ||
| Q3 24 | $3.0B | $2.2B | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | $2.1B |
股东权益APDTEAM
| Q4 25 | $15.4B | $1.6B | ||
| Q3 25 | $15.0B | $1.4B | ||
| Q2 25 | $15.5B | $1.3B | ||
| Q1 25 | $14.7B | $1.4B | ||
| Q4 24 | $16.7B | $1.2B | ||
| Q3 24 | $17.0B | $1.0B | ||
| Q2 24 | $15.1B | — | ||
| Q1 24 | $14.9B | $1.1B |
总资产APDTEAM
| Q4 25 | $41.2B | $6.2B | ||
| Q3 25 | $41.1B | $5.7B | ||
| Q2 25 | $41.7B | $6.0B | ||
| Q1 25 | $38.9B | $5.9B | ||
| Q4 24 | $40.0B | $5.4B | ||
| Q3 24 | $39.6B | $5.0B | ||
| Q2 24 | $37.0B | — | ||
| Q1 24 | $35.9B | $5.1B |
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 | $177.8M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $168.5M |
| 自由现金流率自由现金流/营收 | -11.3% | 10.6% |
| 资本支出强度资本支出/营收 | 40.3% | 0.6% |
| 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 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流APDTEAM
| Q4 25 | $900.7M | $177.8M | ||
| Q3 25 | — | $128.7M | ||
| Q2 25 | $855.8M | $375.3M | ||
| Q1 25 | $328.1M | $652.7M | ||
| Q4 24 | $811.7M | $351.9M | ||
| Q3 24 | — | $80.5M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $801.7M | $565.4M |
自由现金流APDTEAM
| Q4 25 | $-350.5M | $168.5M | ||
| Q3 25 | — | $114.6M | ||
| Q2 25 | $-640.0M | $360.3M | ||
| Q1 25 | $-1.6B | $638.3M | ||
| Q4 24 | $-1.3B | $342.6M | ||
| Q3 24 | — | $74.3M | ||
| Q2 24 | $-345.2M | — | ||
| Q1 24 | $-867.7M | $554.9M |
自由现金流率APDTEAM
| Q4 25 | -11.3% | 10.6% | ||
| Q3 25 | — | 8.0% | ||
| Q2 25 | -21.2% | 26.0% | ||
| Q1 25 | -53.6% | 47.0% | ||
| Q4 24 | -44.5% | 26.6% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | -11.6% | — | ||
| Q1 24 | -29.6% | 46.7% |
资本支出强度APDTEAM
| Q4 25 | 40.3% | 0.6% | ||
| Q3 25 | 47.9% | 1.0% | ||
| Q2 25 | 49.5% | 1.1% | ||
| Q1 25 | 64.9% | 1.1% | ||
| Q4 24 | 72.2% | 0.7% | ||
| Q3 24 | 65.1% | 0.5% | ||
| Q2 24 | 53.8% | — | ||
| Q1 24 | 57.0% | 0.9% |
现金转化率APDTEAM
| Q4 25 | 1.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.81× | — | ||
| Q1 24 | 1.40× | 44.34× |
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% |
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
