vs
阿普塔集团（ATR）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
阿普塔集团的季度营收约是摩丁制造的1.2倍（$962.7M vs $805.0M），阿普塔集团净利率更高（7.7% vs -5.9%，领先13.6%），摩丁制造同比增速更快（30.5% vs 13.5%），阿普塔集团自由现金流更多（$96.9M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 2.6%）
阿普塔集团（AptarGroup, Inc.）是总部位于美国的全球性制造企业，主营消费品分配包装产品及药物给药装置的研发与生产，目前在全球18个国家设有生产运营基地，服务医药、快消等多领域客户。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
ATR vs MOD — 直观对比
营收规模更大
ATR
是对方的1.2倍
$805.0M
营收增速更快
MOD
高出17.0%
13.5%
净利率更高
ATR
高出13.6%
-5.9%
自由现金流更多
ATR
多$114.0M
$-17.1M
两年增速更快
MOD
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $962.7M | $805.0M |
| 净利润 | $74.3M | $-47.4M |
| 毛利率 | — | 23.1% |
| 营业利润率 | 11.0% | 11.1% |
| 净利率 | 7.7% | -5.9% |
| 营收同比 | 13.5% | 30.5% |
| 净利润同比 | -26.4% | -215.6% |
| 每股收益（稀释后） | $1.13 | $-0.90 |
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ATRMOD
| Q4 25 | $962.7M | $805.0M | ||
| Q3 25 | $961.1M | $738.9M | ||
| Q2 25 | $966.0M | $682.8M | ||
| Q1 25 | $887.3M | $647.2M | ||
| Q4 24 | $848.1M | $616.8M | ||
| Q3 24 | $909.3M | $658.0M | ||
| Q2 24 | $910.1M | $661.5M | ||
| Q1 24 | $915.4M | $603.5M |
净利润ATRMOD
| Q4 25 | $74.3M | $-47.4M | ||
| Q3 25 | $127.9M | $44.4M | ||
| Q2 25 | $111.7M | $51.2M | ||
| Q1 25 | $78.8M | $49.6M | ||
| Q4 24 | $100.9M | $41.0M | ||
| Q3 24 | $100.0M | $46.1M | ||
| Q2 24 | $90.5M | $47.3M | ||
| Q1 24 | $83.1M | $25.8M |
毛利率ATRMOD
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
营业利润率ATRMOD
| Q4 25 | 11.0% | 11.1% | ||
| Q3 25 | 14.2% | 9.9% | ||
| Q2 25 | 14.9% | 11.1% | ||
| Q1 25 | 12.8% | 11.5% | ||
| Q4 24 | 14.2% | 9.6% | ||
| Q3 24 | 15.2% | 11.4% | ||
| Q2 24 | 13.8% | 11.2% | ||
| Q1 24 | 12.2% | 7.8% |
净利率ATRMOD
| Q4 25 | 7.7% | -5.9% | ||
| Q3 25 | 13.3% | 6.0% | ||
| Q2 25 | 11.6% | 7.5% | ||
| Q1 25 | 8.9% | 7.7% | ||
| Q4 24 | 11.9% | 6.6% | ||
| Q3 24 | 11.0% | 7.0% | ||
| Q2 24 | 9.9% | 7.2% | ||
| Q1 24 | 9.1% | 4.3% |
每股收益（稀释后）ATRMOD
| Q4 25 | $1.13 | $-0.90 | ||
| Q3 25 | $1.92 | $0.83 | ||
| Q2 25 | $1.67 | $0.95 | ||
| Q1 25 | $1.17 | $0.92 | ||
| Q4 24 | $1.48 | $0.76 | ||
| Q3 24 | $1.48 | $0.86 | ||
| Q2 24 | $1.34 | $0.88 | ||
| Q1 24 | $1.23 | $0.48 |
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 | $409.5M | $98.7M |
| 总债务越低越好 | $1.1B | $570.7M |
| 股东权益账面价值 | $2.7B | $1.1B |
| 总资产 | $5.3B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资ATRMOD
| Q4 25 | $409.5M | $98.7M | ||
| Q3 25 | $264.8M | $83.8M | ||
| Q2 25 | $169.8M | $124.5M | ||
| Q1 25 | $136.8M | $71.6M | ||
| Q4 24 | $226.2M | $83.8M | ||
| Q3 24 | $327.9M | $78.6M | ||
| Q2 24 | $223.9M | $72.9M | ||
| Q1 24 | $201.1M | $60.1M |
总债务ATRMOD
| Q4 25 | $1.1B | $570.7M | ||
| Q3 25 | $546.0M | $525.8M | ||
| Q2 25 | $535.1M | $482.1M | ||
| Q1 25 | $561.2M | $296.7M | ||
| Q4 24 | $688.1M | $330.0M | ||
| Q3 24 | $822.7M | $359.1M | ||
| Q2 24 | $681.5M | $405.7M | ||
| Q1 24 | $680.4M | $399.9M |
股东权益ATRMOD
| Q4 25 | $2.7B | $1.1B | ||
| Q3 25 | $2.8B | $1.1B | ||
| Q2 25 | $2.7B | $1.0B | ||
| Q1 25 | $2.5B | $910.2M | ||
| Q4 24 | $2.5B | $855.1M | ||
| Q3 24 | $2.5B | $858.8M | ||
| Q2 24 | $2.4B | $788.4M | ||
| Q1 24 | $2.3B | $747.6M |
总资产ATRMOD
| Q4 25 | $5.3B | $2.5B | ||
| Q3 25 | $5.1B | $2.4B | ||
| Q2 25 | $4.9B | $2.2B | ||
| Q1 25 | $4.5B | $1.9B | ||
| Q4 24 | $4.4B | $1.8B | ||
| Q3 24 | $4.6B | $1.9B | ||
| Q2 24 | $4.5B | $1.9B | ||
| Q1 24 | $4.4B | $1.9B |
负债/权益比ATRMOD
| Q4 25 | 0.43× | 0.51× | ||
| Q3 25 | 0.20× | 0.50× | ||
| Q2 25 | 0.20× | 0.48× | ||
| Q1 25 | 0.22× | 0.33× | ||
| Q4 24 | 0.28× | 0.39× | ||
| Q3 24 | 0.32× | 0.42× | ||
| Q2 24 | 0.28× | 0.51× | ||
| Q1 24 | 0.29× | 0.53× |
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 | $183.7M | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $96.9M | $-17.1M |
| 自由现金流率自由现金流/营收 | 10.1% | -2.1% |
| 资本支出强度资本支出/营收 | 9.0% | 5.2% |
| 现金转化率经营现金流/净利润 | 2.47× | — |
| 过去12个月自由现金流最近4个季度 | $299.6M | $-20.3M |
8季度趋势，按日历期对齐
经营现金流ATRMOD
| Q4 25 | $183.7M | $24.7M | ||
| Q3 25 | $177.6M | $1.4M | ||
| Q2 25 | $126.0M | $27.7M | ||
| Q1 25 | $82.7M | $54.8M | ||
| Q4 24 | $178.2M | $60.7M | ||
| Q3 24 | $229.3M | $57.3M | ||
| Q2 24 | $143.6M | $40.5M | ||
| Q1 24 | $92.3M | $39.6M |
自由现金流ATRMOD
| Q4 25 | $96.9M | $-17.1M | ||
| Q3 25 | $114.3M | $-30.5M | ||
| Q2 25 | $62.5M | $200.0K | ||
| Q1 25 | $25.9M | $27.1M | ||
| Q4 24 | $112.2M | $44.7M | ||
| Q3 24 | $162.7M | $43.8M | ||
| Q2 24 | $75.4M | $13.7M | ||
| Q1 24 | $16.7M | $-4.3M |
自由现金流率ATRMOD
| Q4 25 | 10.1% | -2.1% | ||
| Q3 25 | 11.9% | -4.1% | ||
| Q2 25 | 6.5% | 0.0% | ||
| Q1 25 | 2.9% | 4.2% | ||
| Q4 24 | 13.2% | 7.2% | ||
| Q3 24 | 17.9% | 6.7% | ||
| Q2 24 | 8.3% | 2.1% | ||
| Q1 24 | 1.8% | -0.7% |
资本支出强度ATRMOD
| Q4 25 | 9.0% | 5.2% | ||
| Q3 25 | 6.6% | 4.3% | ||
| Q2 25 | 6.6% | 4.0% | ||
| Q1 25 | 6.4% | 4.3% | ||
| Q4 24 | 7.8% | 2.6% | ||
| Q3 24 | 7.3% | 2.1% | ||
| Q2 24 | 7.5% | 4.1% | ||
| Q1 24 | 8.3% | 7.3% |
现金转化率ATRMOD
| Q4 25 | 2.47× | — | ||
| Q3 25 | 1.39× | 0.03× | ||
| Q2 25 | 1.13× | 0.54× | ||
| Q1 25 | 1.05× | 1.10× | ||
| Q4 24 | 1.77× | 1.48× | ||
| Q3 24 | 2.29× | 1.24× | ||
| Q2 24 | 1.59× | 0.86× | ||
| Q1 24 | 1.11× | 1.53× |
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
ATR
| Pharma Segment | $833.1M | 87% |
| Other | $129.6M | 13% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
