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ASSOCIATED BANC-CORP（ASB）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
ASSOCIATED BANC-CORP的季度营收约是KADANT INC的1.4倍（$383.0M vs $271.6M），ASSOCIATED BANC-CORP净利率更高（31.2% vs 10.2%，领先21.0%），过去两年ASSOCIATED BANC-CORP的营收复合增速更高（9.1% vs 6.7%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
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。
ASB vs KAI — 直观对比
营收规模更大
ASB
是对方的1.4倍
$271.6M
净利率更高
ASB
高出21.0%
10.2%
两年增速更快
ASB
近两年复合增速
6.7%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $271.6M |
| 净利润 | $119.6M | $27.7M |
| 毛利率 | — | 45.2% |
| 营业利润率 | — | 15.7% |
| 净利率 | 31.2% | 10.2% |
| 营收同比 | — | -0.0% |
| 净利润同比 | 566.6% | -12.2% |
| 每股收益（稀释后） | $0.70 | $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ASBKAI
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | — | ||
| Q3 25 | $305.2M | $271.6M | ||
| Q2 25 | $300.0M | $255.3M | ||
| Q1 25 | $285.9M | $239.2M | ||
| Q4 24 | $270.3M | $258.0M | ||
| Q3 24 | $329.7M | $271.6M | ||
| Q2 24 | $321.8M | $274.8M |
净利润ASBKAI
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | — | ||
| Q3 25 | $124.7M | $27.7M | ||
| Q2 25 | $111.2M | $26.2M | ||
| Q1 25 | $101.7M | $24.1M | ||
| Q4 24 | $-161.6M | $24.0M | ||
| Q3 24 | $88.0M | $31.6M | ||
| Q2 24 | $115.6M | $31.3M |
毛利率ASBKAI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 45.2% | ||
| Q2 25 | — | 45.9% | ||
| Q1 25 | — | 46.1% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.4% |
营业利润率ASBKAI
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | — | ||
| Q3 25 | 50.5% | 15.7% | ||
| Q2 25 | 46.5% | 15.4% | ||
| Q1 25 | 42.3% | 14.9% | ||
| Q4 24 | -65.8% | 14.3% | ||
| Q3 24 | 32.8% | 18.0% | ||
| Q2 24 | 32.0% | 17.6% |
净利率ASBKAI
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | — | ||
| Q3 25 | 40.9% | 10.2% | ||
| Q2 25 | 37.1% | 10.2% | ||
| Q1 25 | 35.6% | 10.1% | ||
| Q4 24 | -59.8% | 9.3% | ||
| Q3 24 | 26.7% | 11.6% | ||
| Q2 24 | 35.9% | 11.4% |
每股收益（稀释后）ASBKAI
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | — | ||
| Q3 25 | $0.73 | $2.35 | ||
| Q2 25 | $0.65 | $2.22 | ||
| Q1 25 | $0.59 | $2.04 | ||
| Q4 24 | $-1.10 | $2.04 | ||
| Q3 24 | $0.56 | $2.68 | ||
| Q2 24 | $0.74 | $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 | — | $124.5M |
| 总债务越低越好 | — | $254.6M |
| 股东权益账面价值 | $5.0B | $949.8M |
| 总资产 | $45.6B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资ASBKAI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $124.5M | ||
| Q2 25 | — | $95.3M | ||
| Q1 25 | — | $91.7M | ||
| Q4 24 | — | $94.7M | ||
| Q3 24 | — | $88.4M | ||
| Q2 24 | — | $73.8M |
总债务ASBKAI
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $594.1M | $254.6M | ||
| Q2 25 | $593.5M | $245.7M | ||
| Q1 25 | $591.4M | $273.5M | ||
| Q4 24 | $1.4B | $285.2M | ||
| Q3 24 | $844.3M | $323.2M | ||
| Q2 24 | $536.1M | $342.0M |
股东权益ASBKAI
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | $4.9B | $949.8M | ||
| Q2 25 | $4.8B | $926.0M | ||
| Q1 25 | $4.7B | $876.0M | ||
| Q4 24 | $4.6B | $847.1M | ||
| Q3 24 | $4.4B | $851.7M | ||
| Q2 24 | $4.2B | $807.7M |
总资产ASBKAI
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | — | ||
| Q3 25 | $44.5B | $1.5B | ||
| Q2 25 | $44.0B | $1.5B | ||
| Q1 25 | $43.3B | $1.4B | ||
| Q4 24 | $43.0B | $1.4B | ||
| Q3 24 | $42.2B | $1.5B | ||
| Q2 24 | $41.6B | $1.5B |
负债/权益比ASBKAI
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.12× | 0.27× | ||
| Q2 25 | 0.12× | 0.27× | ||
| Q1 25 | 0.13× | 0.31× | ||
| Q4 24 | 0.31× | 0.34× | ||
| Q3 24 | 0.19× | 0.38× | ||
| Q2 24 | 0.13× | 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 | — | $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 | — | 1.2% |
| 现金转化率经营现金流/净利润 | — | 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ASBKAI
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | — | ||
| Q3 25 | $158.0M | $47.3M | ||
| Q2 25 | $141.5M | $40.5M | ||
| Q1 25 | $98.2M | $22.8M | ||
| Q4 24 | $207.1M | $51.9M | ||
| Q3 24 | $105.1M | $52.5M | ||
| Q2 24 | $113.5M | $28.1M |
自由现金流ASBKAI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $44.1M | ||
| Q2 25 | — | $36.5M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | — | $46.3M | ||
| Q3 24 | — | $48.3M | ||
| Q2 24 | — | $23.1M |
自由现金流率ASBKAI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 8.4% |
资本支出强度ASBKAI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.8% |
现金转化率ASBKAI
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | — | ||
| Q3 25 | 1.27× | 1.70× | ||
| Q2 25 | 1.27× | 1.55× | ||
| Q1 25 | 0.97× | 0.95× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 1.19× | 1.66× | ||
| Q2 24 | 0.98× | 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
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
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% |
