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BLACKBAUD INC（BLKB）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
BLACKBAUD INC的季度营收约是KADANT INC的1.0倍（$281.1M vs $271.6M），BLACKBAUD INC净利率更高（11.1% vs 10.2%，领先0.9%），BLACKBAUD INC同比增速更快（4.2% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $37.0M），过去两年KADANT INC的营收复合增速更高（6.7% vs -1.1%）
Blackbaud是全球知名的云服务提供商，专注为非营利组织、基金会、企业、教育机构、医疗机构、宗教团体及个人公益推动者提供技术支持，旗下产品覆盖筹款、网站管理、客户关系管理、数据分析、财务管理、票务系统、教育管理等多元场景。
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。
BLKB vs KAI — 直观对比
营收规模更大
BLKB
是对方的1.0倍
$271.6M
营收增速更快
BLKB
高出4.2%
-0.0%
净利率更高
BLKB
高出0.9%
10.2%
自由现金流更多
KAI
多$7.1M
$37.0M
两年增速更快
KAI
近两年复合增速
-1.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $281.1M | $271.6M |
| 净利润 | $31.1M | $27.7M |
| 毛利率 | 59.2% | 45.2% |
| 营业利润率 | 18.3% | 15.7% |
| 净利率 | 11.1% | 10.2% |
| 营收同比 | 4.2% | -0.0% |
| 净利润同比 | 620.3% | -12.2% |
| 每股收益（稀释后） | $0.67 | $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BLKBKAI
| Q1 26 | $281.1M | — | ||
| Q4 25 | $295.3M | — | ||
| Q3 25 | $281.1M | $271.6M | ||
| Q2 25 | $282.0M | $255.3M | ||
| Q1 25 | $269.9M | $239.2M | ||
| Q4 24 | $302.1M | $258.0M | ||
| Q3 24 | $286.6M | $271.6M | ||
| Q2 24 | $287.3M | $274.8M |
净利润BLKBKAI
| Q1 26 | $31.1M | — | ||
| Q4 25 | $36.7M | — | ||
| Q3 25 | $47.5M | $27.7M | ||
| Q2 25 | $26.5M | $26.2M | ||
| Q1 25 | $4.3M | $24.1M | ||
| Q4 24 | $-346.4M | $24.0M | ||
| Q3 24 | $18.3M | $31.6M | ||
| Q2 24 | $21.2M | $31.3M |
毛利率BLKBKAI
| Q1 26 | 59.2% | — | ||
| Q4 25 | 58.3% | — | ||
| Q3 25 | 59.6% | 45.2% | ||
| Q2 25 | 59.7% | 45.9% | ||
| Q1 25 | 57.5% | 46.1% | ||
| Q4 24 | 53.8% | 43.4% | ||
| Q3 24 | 54.9% | 44.7% | ||
| Q2 24 | 56.0% | 44.4% |
营业利润率BLKBKAI
| Q1 26 | 18.3% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 19.4% | 15.7% | ||
| Q2 25 | 20.3% | 15.4% | ||
| Q1 25 | 7.3% | 14.9% | ||
| Q4 24 | -121.5% | 14.3% | ||
| Q3 24 | 14.4% | 18.0% | ||
| Q2 24 | 14.4% | 17.6% |
净利率BLKBKAI
| Q1 26 | 11.1% | — | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 16.9% | 10.2% | ||
| Q2 25 | 9.4% | 10.2% | ||
| Q1 25 | 1.6% | 10.1% | ||
| Q4 24 | -114.6% | 9.3% | ||
| Q3 24 | 6.4% | 11.6% | ||
| Q2 24 | 7.4% | 11.4% |
每股收益（稀释后）BLKBKAI
| Q1 26 | $0.67 | — | ||
| Q4 25 | $0.75 | — | ||
| Q3 25 | $0.98 | $2.35 | ||
| Q2 25 | $0.55 | $2.22 | ||
| Q1 25 | $0.09 | $2.04 | ||
| Q4 24 | $-6.82 | $2.04 | ||
| Q3 24 | $0.35 | $2.68 | ||
| Q2 24 | $0.41 | $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 | $34.1M | $124.5M |
| 总债务越低越好 | — | $254.6M |
| 股东权益账面价值 | $34.6M | $949.8M |
| 总资产 | $2.1B | $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BLKBKAI
| Q1 26 | $34.1M | — | ||
| Q4 25 | $38.9M | — | ||
| Q3 25 | $38.3M | $124.5M | ||
| Q2 25 | $41.6M | $95.3M | ||
| Q1 25 | $37.2M | $91.7M | ||
| Q4 24 | $67.6M | $94.7M | ||
| Q3 24 | $34.6M | $88.4M | ||
| Q2 24 | $30.4M | $73.8M |
总债务BLKBKAI
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | — | $254.6M | ||
| Q2 25 | — | $245.7M | ||
| Q1 25 | — | $273.5M | ||
| Q4 24 | $1.1B | $285.2M | ||
| Q3 24 | $1.0B | $323.2M | ||
| Q2 24 | $1.0B | $342.0M |
股东权益BLKBKAI
| Q1 26 | $34.6M | — | ||
| Q4 25 | $85.1M | — | ||
| Q3 25 | $108.2M | $949.8M | ||
| Q2 25 | $72.7M | $926.0M | ||
| Q1 25 | $17.5M | $876.0M | ||
| Q4 24 | $126.8M | $847.1M | ||
| Q3 24 | $544.8M | $851.7M | ||
| Q2 24 | $577.5M | $807.7M |
总资产BLKBKAI
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $3.0B | $1.5B |
负债/权益比BLKBKAI
| Q1 26 | — | — | ||
| Q4 25 | 13.06× | — | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | 8.50× | 0.34× | ||
| Q3 24 | 1.84× | 0.38× | ||
| Q2 24 | 1.78× | 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 | $51.5M | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $37.0M | $44.1M |
| 自由现金流率自由现金流/营收 | 13.2% | 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 | 1.65× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $294.1M | $145.9M |
8季度趋势，按日历期对齐
经营现金流BLKBKAI
| Q1 26 | $51.5M | — | ||
| Q4 25 | $58.0M | — | ||
| Q3 25 | $139.2M | $47.3M | ||
| Q2 25 | $66.9M | $40.5M | ||
| Q1 25 | $1.4M | $22.8M | ||
| Q4 24 | $73.6M | $51.9M | ||
| Q3 24 | $104.0M | $52.5M | ||
| Q2 24 | $53.1M | $28.1M |
自由现金流BLKBKAI
| Q1 26 | $37.0M | — | ||
| Q4 25 | $55.0M | — | ||
| Q3 25 | $135.7M | $44.1M | ||
| Q2 25 | $66.3M | $36.5M | ||
| Q1 25 | $712.0K | $19.0M | ||
| Q4 24 | $73.4M | $46.3M | ||
| Q3 24 | $102.9M | $48.3M | ||
| Q2 24 | $48.0M | $23.1M |
自由现金流率BLKBKAI
| Q1 26 | 13.2% | — | ||
| Q4 25 | 18.6% | — | ||
| Q3 25 | 48.3% | 16.2% | ||
| Q2 25 | 23.5% | 14.3% | ||
| Q1 25 | 0.3% | 7.9% | ||
| Q4 24 | 24.3% | 17.9% | ||
| Q3 24 | 35.9% | 17.8% | ||
| Q2 24 | 16.7% | 8.4% |
资本支出强度BLKBKAI
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | 0.2% | 1.6% | ||
| Q1 25 | 0.3% | 1.6% | ||
| Q4 24 | 0.1% | 2.2% | ||
| Q3 24 | 0.4% | 1.5% | ||
| Q2 24 | 1.8% | 1.8% |
现金转化率BLKBKAI
| Q1 26 | 1.65× | — | ||
| Q4 25 | 1.58× | — | ||
| Q3 25 | 2.93× | 1.70× | ||
| Q2 25 | 2.53× | 1.55× | ||
| Q1 25 | 0.32× | 0.95× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 5.69× | 1.66× | ||
| Q2 24 | 2.50× | 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
BLKB
暂无分部数据
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% |
