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空气化工产品公司（APD）与Workday, Inc.（WDAY）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Workday, Inc.的1.3倍（$3.1B vs $2.4B），空气化工产品公司净利率更高（21.9% vs 10.4%，领先11.5%），Workday, Inc.同比增速更快（12.6% vs 5.8%），Workday, Inc.自由现金流更多（$550.0M vs $-350.5M），过去两年Workday, Inc.的营收复合增速更高（12.5% 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。
Workday是全球领先的企业级云软件供应商，核心产品覆盖人力资本管理、财务管理及企业资源规划解决方案，主要服务教育、医疗、金融、科技等行业的中大型机构，业务遍布北美、欧洲、亚太等全球主要市场。
APD vs WDAY — 直观对比
营收规模更大
APD
是对方的1.3倍
$2.4B
营收增速更快
WDAY
高出6.8%
5.8%
净利率更高
APD
高出11.5%
10.4%
自由现金流更多
WDAY
多$900.5M
$-350.5M
两年增速更快
WDAY
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.4B |
| 净利润 | $678.2M | $252.0M |
| 毛利率 | 32.1% | — |
| 营业利润率 | 23.7% | 10.6% |
| 净利率 | 21.9% | 10.4% |
| 营收同比 | 5.8% | 12.6% |
| 净利润同比 | 9.8% | 30.6% |
| 每股收益（稀释后） | $3.04 | $0.94 |
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APDWDAY
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.2B | $2.3B | ||
| Q2 25 | $3.0B | $2.2B | ||
| Q1 25 | $2.9B | $2.2B | ||
| Q4 24 | $2.9B | $2.2B | ||
| Q3 24 | $3.2B | $2.1B | ||
| Q2 24 | $3.0B | $2.0B | ||
| Q1 24 | $2.9B | $1.9B |
净利润APDWDAY
| Q4 25 | $678.2M | $252.0M | ||
| Q3 25 | $4.9M | $228.0M | ||
| Q2 25 | $713.8M | $68.0M | ||
| Q1 25 | $-1.7B | $94.0M | ||
| Q4 24 | $617.4M | $193.0M | ||
| Q3 24 | $1.9B | $132.0M | ||
| Q2 24 | $696.6M | $107.0M | ||
| Q1 24 | $572.4M | $1.2B |
毛利率APDWDAY
| 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APDWDAY
| Q4 25 | 23.7% | 10.6% | ||
| Q3 25 | 0.5% | 10.6% | ||
| Q2 25 | 26.2% | 1.7% | ||
| Q1 25 | -79.8% | 3.4% | ||
| Q4 24 | 22.0% | 7.6% | ||
| Q3 24 | 76.1% | 5.3% | ||
| Q2 24 | 24.7% | 3.2% | ||
| Q1 24 | 21.7% | 4.1% |
净利率APDWDAY
| Q4 25 | 21.9% | 10.4% | ||
| Q3 25 | 0.2% | 9.7% | ||
| Q2 25 | 23.6% | 3.0% | ||
| Q1 25 | -59.3% | 4.3% | ||
| Q4 24 | 21.1% | 8.9% | ||
| Q3 24 | 61.2% | 6.3% | ||
| Q2 24 | 23.3% | 5.4% | ||
| Q1 24 | 19.5% | 61.8% |
每股收益（稀释后）APDWDAY
| Q4 25 | $3.04 | $0.94 | ||
| Q3 25 | $0.03 | $0.84 | ||
| Q2 25 | $3.20 | $0.25 | ||
| Q1 25 | $-7.77 | $0.34 | ||
| Q4 24 | $2.77 | $0.72 | ||
| Q3 24 | $8.75 | $0.49 | ||
| Q2 24 | $3.13 | $0.40 | ||
| Q1 24 | $2.57 | $4.48 |
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 | $6.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $8.9B |
| 总资产 | $41.2B | $17.8B |
| 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APDWDAY
| Q4 25 | $1.0B | $6.8B | ||
| Q3 25 | $1.9B | $8.2B | ||
| Q2 25 | $2.3B | $8.0B | ||
| Q1 25 | $1.6B | $8.0B | ||
| Q4 24 | $2.0B | $7.2B | ||
| Q3 24 | $3.0B | $7.4B | ||
| Q2 24 | $2.4B | $7.2B | ||
| Q1 24 | $2.6B | $7.8B |
总债务APDWDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
股东权益APDWDAY
| Q4 25 | $15.4B | $8.9B | ||
| Q3 25 | $15.0B | $9.2B | ||
| Q2 25 | $15.5B | $8.9B | ||
| Q1 25 | $14.7B | $9.0B | ||
| Q4 24 | $16.7B | $8.6B | ||
| Q3 24 | $17.0B | $8.3B | ||
| Q2 24 | $15.1B | $8.2B | ||
| Q1 24 | $14.9B | $8.1B |
总资产APDWDAY
| Q4 25 | $41.2B | $17.8B | ||
| Q3 25 | $41.1B | $18.0B | ||
| Q2 25 | $41.7B | $17.2B | ||
| Q1 25 | $38.9B | $18.0B | ||
| Q4 24 | $40.0B | $16.4B | ||
| Q3 24 | $39.6B | $16.2B | ||
| Q2 24 | $37.0B | $15.9B | ||
| Q1 24 | $35.9B | $16.5B |
负债/权益比APDWDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.37× |
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 | $588.0M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $550.0M |
| 自由现金流率自由现金流/营收 | -11.3% | 22.6% |
| 资本支出强度资本支出/营收 | 40.3% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.33× | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $2.6B |
8季度趋势，按日历期对齐
经营现金流APDWDAY
| Q4 25 | $900.7M | $588.0M | ||
| Q3 25 | — | $616.0M | ||
| Q2 25 | $855.8M | $457.0M | ||
| Q1 25 | $328.1M | $1.1B | ||
| Q4 24 | $811.7M | $406.0M | ||
| Q3 24 | — | $571.0M | ||
| Q2 24 | $1.3B | $372.0M | ||
| Q1 24 | $801.7M | $995.6M |
自由现金流APDWDAY
| Q4 25 | $-350.5M | $550.0M | ||
| Q3 25 | — | $588.0M | ||
| Q2 25 | $-640.0M | $421.0M | ||
| Q1 25 | $-1.6B | $1.0B | ||
| Q4 24 | $-1.3B | $359.0M | ||
| Q3 24 | — | $516.0M | ||
| Q2 24 | $-345.2M | $291.0M | ||
| Q1 24 | $-867.7M | $947.6M |
自由现金流率APDWDAY
| Q4 25 | -11.3% | 22.6% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | -21.2% | 18.8% | ||
| Q1 25 | -53.6% | 46.4% | ||
| Q4 24 | -44.5% | 16.6% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | -11.6% | 14.6% | ||
| Q1 24 | -29.6% | 49.3% |
资本支出强度APDWDAY
| Q4 25 | 40.3% | 1.6% | ||
| Q3 25 | 47.9% | 1.2% | ||
| Q2 25 | 49.5% | 1.6% | ||
| Q1 25 | 64.9% | 3.9% | ||
| Q4 24 | 72.2% | 2.2% | ||
| Q3 24 | 65.1% | 2.6% | ||
| Q2 24 | 53.8% | 4.1% | ||
| Q1 24 | 57.0% | 2.5% |
现金转化率APDWDAY
| Q4 25 | 1.33× | 2.33× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | 1.20× | 6.72× | ||
| Q1 25 | — | 11.83× | ||
| Q4 24 | 1.31× | 2.10× | ||
| Q3 24 | — | 4.33× | ||
| Q2 24 | 1.81× | 3.48× | ||
| Q1 24 | 1.40× | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
