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Apple Hospitality REIT, Inc.（APLE）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
Apple Hospitality REIT, Inc.的季度营收约是KADANT INC的1.2倍（$326.4M vs $271.6M），KADANT INC净利率更高（10.2% vs 9.1%，领先1.1%），KADANT INC同比增速更快（-0.0% vs -2.0%），Apple Hospitality REIT, Inc.自由现金流更多（$282.0M vs $44.1M），过去两年KADANT INC的营收复合增速更高（6.7% vs -0.5%）
莱曼 hospitality properties是一家深耕酒店、度假村、娱乐及媒体领域的企业，得名于旗下核心资产——位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾作为爱德华·盖洛德旗下俄克拉荷马出版公司子公司的时期，1983年收购WSM公司后，拿下大奥普里等知名IP，奠定了如今的业务发展基础。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
APLE vs KAI — 直观对比
营收规模更大
APLE
是对方的1.2倍
$271.6M
营收增速更快
KAI
高出2.0%
-2.0%
净利率更高
KAI
高出1.1%
9.1%
自由现金流更多
APLE
多$238.0M
$44.1M
两年增速更快
KAI
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $326.4M | $271.6M |
| 净利润 | $29.6M | $27.7M |
| 毛利率 | 37.2% | 45.2% |
| 营业利润率 | 15.2% | 15.7% |
| 净利率 | 9.1% | 10.2% |
| 营收同比 | -2.0% | -0.0% |
| 净利润同比 | -0.7% | -12.2% |
| 每股收益（稀释后） | $0.13 | $2.35 |
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APLEKAI
| Q4 25 | $326.4M | — | ||
| Q3 25 | $373.9M | $271.6M | ||
| Q2 25 | $384.4M | $255.3M | ||
| Q1 25 | $327.7M | $239.2M | ||
| Q4 24 | $333.0M | $258.0M | ||
| Q3 24 | $378.8M | $271.6M | ||
| Q2 24 | $390.1M | $274.8M | ||
| Q1 24 | $329.5M | $249.0M |
净利润APLEKAI
| Q4 25 | $29.6M | — | ||
| Q3 25 | $50.9M | $27.7M | ||
| Q2 25 | $63.6M | $26.2M | ||
| Q1 25 | $31.2M | $24.1M | ||
| Q4 24 | $29.8M | $24.0M | ||
| Q3 24 | $56.3M | $31.6M | ||
| Q2 24 | $73.9M | $31.3M | ||
| Q1 24 | $54.0M | $24.7M |
毛利率APLEKAI
| Q4 25 | 37.2% | — | ||
| Q3 25 | 40.6% | 45.2% | ||
| Q2 25 | 42.6% | 45.9% | ||
| Q1 25 | 39.0% | 46.1% | ||
| Q4 24 | 38.6% | 43.4% | ||
| Q3 24 | 41.9% | 44.7% | ||
| Q2 24 | 44.6% | 44.4% | ||
| Q1 24 | 40.1% | 44.6% |
营业利润率APLEKAI
| Q4 25 | 15.2% | — | ||
| Q3 25 | 19.4% | 15.7% | ||
| Q2 25 | 22.1% | 15.4% | ||
| Q1 25 | 15.5% | 14.9% | ||
| Q4 24 | 15.0% | 14.3% | ||
| Q3 24 | 20.5% | 18.0% | ||
| Q2 24 | 24.0% | 17.6% | ||
| Q1 24 | 21.7% | 14.8% |
净利率APLEKAI
| Q4 25 | 9.1% | — | ||
| Q3 25 | 13.6% | 10.2% | ||
| Q2 25 | 16.6% | 10.2% | ||
| Q1 25 | 9.5% | 10.1% | ||
| Q4 24 | 9.0% | 9.3% | ||
| Q3 24 | 14.9% | 11.6% | ||
| Q2 24 | 19.0% | 11.4% | ||
| Q1 24 | 16.4% | 9.9% |
每股收益（稀释后）APLEKAI
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.21 | $2.35 | ||
| Q2 25 | $0.27 | $2.22 | ||
| Q1 25 | $0.13 | $2.04 | ||
| Q4 24 | $0.13 | $2.04 | ||
| Q3 24 | $0.23 | $2.68 | ||
| Q2 24 | $0.31 | $2.66 | ||
| Q1 24 | $0.22 | $2.10 |
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 | $8.5M | $124.5M |
| 总债务越低越好 | $1.5B | $254.6M |
| 股东权益账面价值 | $3.1B | $949.8M |
| 总资产 | $4.9B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.49× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资APLEKAI
| Q4 25 | $8.5M | — | ||
| Q3 25 | $50.3M | $124.5M | ||
| Q2 25 | $7.9M | $95.3M | ||
| Q1 25 | $14.9M | $91.7M | ||
| Q4 24 | $10.3M | $94.7M | ||
| Q3 24 | $6.1M | $88.4M | ||
| Q2 24 | $7.2M | $73.8M | ||
| Q1 24 | $4.9M | $81.4M |
总债务APLEKAI
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $254.6M | ||
| Q2 25 | $1.5B | $245.7M | ||
| Q1 25 | $1.5B | $273.5M | ||
| Q4 24 | $1.5B | $285.2M | ||
| Q3 24 | $1.5B | $323.2M | ||
| Q2 24 | $1.5B | $342.0M | ||
| Q1 24 | $1.5B | $306.8M |
股东权益APLEKAI
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.2B | $949.8M | ||
| Q2 25 | $3.2B | $926.0M | ||
| Q1 25 | $3.2B | $876.0M | ||
| Q4 24 | $3.3B | $847.1M | ||
| Q3 24 | $3.3B | $851.7M | ||
| Q2 24 | $3.3B | $807.7M | ||
| Q1 24 | $3.3B | $782.7M |
总资产APLEKAI
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.9B | $1.5B | ||
| Q2 25 | $4.9B | $1.5B | ||
| Q1 25 | $4.9B | $1.4B | ||
| Q4 24 | $5.0B | $1.4B | ||
| Q3 24 | $5.0B | $1.5B | ||
| Q2 24 | $5.1B | $1.5B | ||
| Q1 24 | $5.0B | $1.4B |
负债/权益比APLEKAI
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.47× | 0.27× | ||
| Q2 25 | 0.48× | 0.27× | ||
| Q1 25 | 0.48× | 0.31× | ||
| Q4 24 | 0.45× | 0.34× | ||
| Q3 24 | 0.46× | 0.38× | ||
| Q2 24 | 0.46× | 0.42× | ||
| Q1 24 | 0.45× | 0.39× |
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 | $370.2M | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $44.1M |
| 自由现金流率自由现金流/营收 | 86.4% | 16.2% |
| 资本支出强度资本支出/营收 | 27.0% | 1.2% |
| 现金转化率经营现金流/净利润 | 12.50× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $516.8M | $145.9M |
8季度趋势，按日历期对齐
经营现金流APLEKAI
| Q4 25 | $370.2M | — | ||
| Q3 25 | $126.4M | $47.3M | ||
| Q2 25 | $108.8M | $40.5M | ||
| Q1 25 | $49.1M | $22.8M | ||
| Q4 24 | $405.4M | $51.9M | ||
| Q3 24 | $128.2M | $52.5M | ||
| Q2 24 | $127.3M | $28.1M | ||
| Q1 24 | $54.7M | $22.8M |
自由现金流APLEKAI
| Q4 25 | $282.0M | — | ||
| Q3 25 | $109.0M | $44.1M | ||
| Q2 25 | $96.2M | $36.5M | ||
| Q1 25 | $29.5M | $19.0M | ||
| Q4 24 | $327.1M | $46.3M | ||
| Q3 24 | $113.1M | $48.3M | ||
| Q2 24 | $115.0M | $23.1M | ||
| Q1 24 | $34.4M | $16.6M |
自由现金流率APLEKAI
| Q4 25 | 86.4% | — | ||
| Q3 25 | 29.2% | 16.2% | ||
| Q2 25 | 25.0% | 14.3% | ||
| Q1 25 | 9.0% | 7.9% | ||
| Q4 24 | 98.2% | 17.9% | ||
| Q3 24 | 29.9% | 17.8% | ||
| Q2 24 | 29.5% | 8.4% | ||
| Q1 24 | 10.4% | 6.7% |
资本支出强度APLEKAI
| Q4 25 | 27.0% | — | ||
| Q3 25 | 4.7% | 1.2% | ||
| Q2 25 | 3.3% | 1.6% | ||
| Q1 25 | 6.0% | 1.6% | ||
| Q4 24 | 23.5% | 2.2% | ||
| Q3 24 | 4.0% | 1.5% | ||
| Q2 24 | 3.2% | 1.8% | ||
| Q1 24 | 6.2% | 2.5% |
现金转化率APLEKAI
| Q4 25 | 12.50× | — | ||
| Q3 25 | 2.49× | 1.70× | ||
| Q2 25 | 1.71× | 1.55× | ||
| Q1 25 | 1.57× | 0.95× | ||
| Q4 24 | 13.59× | 2.16× | ||
| Q3 24 | 2.28× | 1.66× | ||
| Q2 24 | 1.72× | 0.90× | ||
| Q1 24 | 1.01× | 0.92× |
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
APLE
| Occupancy | $293.0M | 90% |
| Hotel Other | $17.2M | 5% |
| Food And Beverage | $16.3M | 5% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
