vs
空气化工产品公司（APD）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的3.6倍（$3.1B vs $871.9M）。空气化工产品公司净利率更高（21.9% vs 2.2%，领先19.7%）。Worthington Steel, Inc.同比增速更快（18.0% vs 5.8%）。Worthington Steel, Inc.自由现金流更多（$74.6M vs $-350.5M）。过去两年Worthington Steel, Inc.的营收复合增速更高（3.9% 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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
APD vs WS — 直观对比
营收规模更大
APD
是对方的3.6倍
$871.9M
营收增速更快
WS
高出12.2%
5.8%
净利率更高
APD
高出19.7%
2.2%
自由现金流更多
WS
多$425.1M
$-350.5M
两年增速更快
WS
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $871.9M |
| 净利润 | $678.2M | $18.8M |
| 毛利率 | 32.1% | 10.7% |
| 营业利润率 | 23.7% | 2.5% |
| 净利率 | 21.9% | 2.2% |
| 营收同比 | 5.8% | 18.0% |
| 净利润同比 | 9.8% | 46.9% |
| 每股收益（稀释后） | $3.04 | $0.37 |
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APDWS
| Q4 25 | $3.1B | $871.9M | ||
| Q3 25 | $3.2B | $872.9M | ||
| Q2 25 | $3.0B | $832.9M | ||
| Q1 25 | $2.9B | $687.4M | ||
| Q4 24 | $2.9B | $739.0M | ||
| Q3 24 | $3.2B | $834.0M | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $2.9B | $805.8M |
净利润APDWS
| Q4 25 | $678.2M | $18.8M | ||
| Q3 25 | $4.9M | $36.8M | ||
| Q2 25 | $713.8M | $55.7M | ||
| Q1 25 | $-1.7B | $13.8M | ||
| Q4 24 | $617.4M | $12.8M | ||
| Q3 24 | $1.9B | $28.4M | ||
| Q2 24 | $696.6M | — | ||
| Q1 24 | $572.4M | $49.0M |
毛利率APDWS
| Q4 25 | 32.1% | 10.7% | ||
| Q3 25 | 32.3% | 13.2% | ||
| Q2 25 | 32.5% | 15.2% | ||
| Q1 25 | 29.6% | 11.8% | ||
| Q4 24 | 31.2% | 10.8% | ||
| Q3 24 | 34.0% | 12.0% | ||
| Q2 24 | 32.8% | — | ||
| Q1 24 | 32.0% | 14.9% |
营业利润率APDWS
| Q4 25 | 23.7% | 2.5% | ||
| Q3 25 | 0.5% | 5.5% | ||
| Q2 25 | 26.2% | 8.0% | ||
| Q1 25 | -79.8% | 2.7% | ||
| Q4 24 | 22.0% | 2.6% | ||
| Q3 24 | 76.1% | 5.2% | ||
| Q2 24 | 24.7% | — | ||
| Q1 24 | 21.7% | 8.2% |
净利率APDWS
| Q4 25 | 21.9% | 2.2% | ||
| Q3 25 | 0.2% | 4.2% | ||
| Q2 25 | 23.6% | 6.7% | ||
| Q1 25 | -59.3% | 2.0% | ||
| Q4 24 | 21.1% | 1.7% | ||
| Q3 24 | 61.2% | 3.4% | ||
| Q2 24 | 23.3% | — | ||
| Q1 24 | 19.5% | 6.1% |
每股收益（稀释后）APDWS
| Q4 25 | $3.04 | $0.37 | ||
| Q3 25 | $0.03 | $0.72 | ||
| Q2 25 | $3.20 | $1.11 | ||
| Q1 25 | $-7.77 | $0.27 | ||
| Q4 24 | $2.77 | $0.25 | ||
| Q3 24 | $8.75 | $0.56 | ||
| Q2 24 | $3.13 | — | ||
| Q1 24 | $2.57 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $15.4B | $1.1B |
| 总资产 | $41.2B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资APDWS
| Q4 25 | $1.0B | $89.8M | ||
| Q3 25 | $1.9B | $78.3M | ||
| Q2 25 | $2.3B | $38.0M | ||
| Q1 25 | $1.6B | $63.3M | ||
| Q4 24 | $2.0B | $52.0M | ||
| Q3 24 | $3.0B | $36.0M | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | $60.8M |
总债务APDWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $147.2M |
股东权益APDWS
| Q4 25 | $15.4B | $1.1B | ||
| Q3 25 | $15.0B | $1.1B | ||
| Q2 25 | $15.5B | $1.1B | ||
| Q1 25 | $14.7B | $1.0B | ||
| Q4 24 | $16.7B | $1.0B | ||
| Q3 24 | $17.0B | $1.0B | ||
| Q2 24 | $15.1B | — | ||
| Q1 24 | $14.9B | $937.6M |
总资产APDWS
| Q4 25 | $41.2B | $2.1B | ||
| Q3 25 | $41.1B | $2.2B | ||
| Q2 25 | $41.7B | $2.0B | ||
| Q1 25 | $38.9B | $1.8B | ||
| Q4 24 | $40.0B | $1.7B | ||
| Q3 24 | $39.6B | $1.8B | ||
| Q2 24 | $37.0B | — | ||
| Q1 24 | $35.9B | $1.8B |
负债/权益比APDWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $74.6M |
| 自由现金流率自由现金流/营收 | -11.3% | 8.6% |
| 资本支出强度资本支出/营收 | 40.3% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.33× | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流APDWS
| Q4 25 | $900.7M | $99.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | $855.8M | $53.9M | ||
| Q1 25 | $328.1M | $53.8M | ||
| Q4 24 | $811.7M | $68.0M | ||
| Q3 24 | — | $54.6M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $801.7M | $44.7M |
自由现金流APDWS
| Q4 25 | $-350.5M | $74.6M | ||
| Q3 25 | — | $-35.7M | ||
| Q2 25 | $-640.0M | $8.4M | ||
| Q1 25 | $-1.6B | $25.2M | ||
| Q4 24 | $-1.3B | $33.2M | ||
| Q3 24 | — | $33.1M | ||
| Q2 24 | $-345.2M | — | ||
| Q1 24 | $-867.7M | $22.3M |
自由现金流率APDWS
| Q4 25 | -11.3% | 8.6% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | -21.2% | 1.0% | ||
| Q1 25 | -53.6% | 3.7% | ||
| Q4 24 | -44.5% | 4.5% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | -11.6% | — | ||
| Q1 24 | -29.6% | 2.8% |
资本支出强度APDWS
| Q4 25 | 40.3% | 2.8% | ||
| Q3 25 | 47.9% | 3.4% | ||
| Q2 25 | 49.5% | 5.5% | ||
| Q1 25 | 64.9% | 4.2% | ||
| Q4 24 | 72.2% | 4.7% | ||
| Q3 24 | 65.1% | 2.6% | ||
| Q2 24 | 53.8% | — | ||
| Q1 24 | 57.0% | 2.8% |
现金转化率APDWS
| Q4 25 | 1.33× | 5.28× | ||
| Q3 25 | — | -0.17× | ||
| Q2 25 | 1.20× | 0.97× | ||
| Q1 25 | — | 3.90× | ||
| Q4 24 | 1.31× | 5.31× | ||
| Q3 24 | — | 1.92× | ||
| Q2 24 | 1.81× | — | ||
| Q1 24 | 1.40× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
