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APOGEE ENTERPRISES, INC.（APOG）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
APOGEE ENTERPRISES, INC.的季度营收约是KADANT INC的1.3倍（$351.4M vs $271.6M），KADANT INC净利率更高（10.2% vs 4.7%，领先5.5%），APOGEE ENTERPRISES, INC.同比增速更快（1.6% vs -0.0%），过去两年KADANT INC的营收复合增速更高（6.7% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
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。
APOG vs KAI — 直观对比
营收规模更大
APOG
是对方的1.3倍
$271.6M
营收增速更快
APOG
高出1.6%
-0.0%
净利率更高
KAI
高出5.5%
4.7%
两年增速更快
KAI
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $271.6M |
| 净利润 | $16.6M | $27.7M |
| 毛利率 | 22.4% | 45.2% |
| 营业利润率 | 7.3% | 15.7% |
| 净利率 | 4.7% | 10.2% |
| 营收同比 | 1.6% | -0.0% |
| 净利润同比 | 568.8% | -12.2% |
| 每股收益（稀释后） | $0.78 | $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APOGKAI
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | — | ||
| Q3 25 | $358.2M | $271.6M | ||
| Q2 25 | $346.6M | $255.3M | ||
| Q1 25 | $345.7M | $239.2M | ||
| Q4 24 | $341.3M | $258.0M | ||
| Q3 24 | $342.4M | $271.6M | ||
| Q2 24 | $331.5M | $274.8M |
净利润APOGKAI
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | — | ||
| Q3 25 | $23.6M | $27.7M | ||
| Q2 25 | $-2.7M | $26.2M | ||
| Q1 25 | $2.5M | $24.1M | ||
| Q4 24 | $21.0M | $24.0M | ||
| Q3 24 | $30.6M | $31.6M | ||
| Q2 24 | $31.0M | $31.3M |
毛利率APOGKAI
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | 45.2% | ||
| Q2 25 | 21.7% | 45.9% | ||
| Q1 25 | 21.6% | 46.1% | ||
| Q4 24 | 26.1% | 43.4% | ||
| Q3 24 | 28.4% | 44.7% | ||
| Q2 24 | 29.8% | 44.4% |
营业利润率APOGKAI
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | — | ||
| Q3 25 | 7.5% | 15.7% | ||
| Q2 25 | 2.0% | 15.4% | ||
| Q1 25 | 1.8% | 14.9% | ||
| Q4 24 | 8.4% | 14.3% | ||
| Q3 24 | 12.3% | 18.0% | ||
| Q2 24 | 12.5% | 17.6% |
净利率APOGKAI
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | — | ||
| Q3 25 | 6.6% | 10.2% | ||
| Q2 25 | -0.8% | 10.2% | ||
| Q1 25 | 0.7% | 10.1% | ||
| Q4 24 | 6.1% | 9.3% | ||
| Q3 24 | 8.9% | 11.6% | ||
| Q2 24 | 9.4% | 11.4% |
每股收益（稀释后）APOGKAI
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | — | ||
| Q3 25 | $1.10 | $2.35 | ||
| Q2 25 | $-0.13 | $2.22 | ||
| Q1 25 | $0.12 | $2.04 | ||
| Q4 24 | $0.96 | $2.04 | ||
| Q3 24 | $1.40 | $2.68 | ||
| Q2 24 | $1.41 | $2.66 |
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 | $39.5M | $124.5M |
| 总债务越低越好 | $232.3M | $254.6M |
| 股东权益账面价值 | $511.8M | $949.8M |
| 总资产 | $1.1B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资APOGKAI
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | — | ||
| Q3 25 | $39.5M | $124.5M | ||
| Q2 25 | $32.8M | $95.3M | ||
| Q1 25 | $41.4M | $91.7M | ||
| Q4 24 | $43.9M | $94.7M | ||
| Q3 24 | $51.0M | $88.4M | ||
| Q2 24 | $30.4M | $73.8M |
总债务APOGKAI
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $254.6M | ||
| Q2 25 | — | $245.7M | ||
| Q1 25 | $285.0M | $273.5M | ||
| Q4 24 | — | $285.2M | ||
| Q3 24 | — | $323.2M | ||
| Q2 24 | — | $342.0M |
股东权益APOGKAI
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | — | ||
| Q3 25 | $500.2M | $949.8M | ||
| Q2 25 | $481.8M | $926.0M | ||
| Q1 25 | $487.9M | $876.0M | ||
| Q4 24 | $522.1M | $847.1M | ||
| Q3 24 | $506.4M | $851.7M | ||
| Q2 24 | $480.0M | $807.7M |
总资产APOGKAI
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $917.1M | $1.5B | ||
| Q2 24 | $889.0M | $1.5B |
负债/权益比APOGKAI
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | 0.58× | 0.31× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.42× |
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 | $122.5M | $47.3M |
| 自由现金流经营现金流 - 资本支出 | — | $44.1M |
| 自由现金流率自由现金流/营收 | — | 16.2% |
| 资本支出强度资本支出/营收 | 7.8% | 1.2% |
| 现金转化率经营现金流/净利润 | 7.37× | 1.70× |
| 过去12个月自由现金流最近4个季度 | — | $145.9M |
8季度趋势，按日历期对齐
经营现金流APOGKAI
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | — | ||
| Q3 25 | $57.1M | $47.3M | ||
| Q2 25 | $-19.8M | $40.5M | ||
| Q1 25 | $30.0M | $22.8M | ||
| Q4 24 | $31.0M | $51.9M | ||
| Q3 24 | $58.7M | $52.5M | ||
| Q2 24 | $5.5M | $28.1M |
自由现金流APOGKAI
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | $44.1M | ||
| Q2 25 | $-26.9M | $36.5M | ||
| Q1 25 | $19.1M | $19.0M | ||
| Q4 24 | $22.0M | $46.3M | ||
| Q3 24 | $50.2M | $48.3M | ||
| Q2 24 | $-1.8M | $23.1M |
自由现金流率APOGKAI
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | 16.2% | ||
| Q2 25 | -7.8% | 14.3% | ||
| Q1 25 | 5.5% | 7.9% | ||
| Q4 24 | 6.4% | 17.9% | ||
| Q3 24 | 14.7% | 17.8% | ||
| Q2 24 | -0.5% | 8.4% |
资本支出强度APOGKAI
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | 1.2% | ||
| Q2 25 | 2.1% | 1.6% | ||
| Q1 25 | 3.2% | 1.6% | ||
| Q4 24 | 2.6% | 2.2% | ||
| Q3 24 | 2.5% | 1.5% | ||
| Q2 24 | 2.2% | 1.8% |
现金转化率APOGKAI
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 1.70× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | 12.08× | 0.95× | ||
| Q4 24 | 1.48× | 2.16× | ||
| Q3 24 | 1.92× | 1.66× | ||
| Q2 24 | 0.18× | 0.90× |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
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% |
