vs
CrossAmerica Partners LP（CAPL）与诺信（NDSN）财务数据对比。点击上方公司名可切换其他公司
CrossAmerica Partners LP的季度营收约是诺信的1.2倍（$866.3M vs $751.8M），诺信净利率更高（20.2% vs 1.2%，领先19.0%），诺信同比增速更快（1.0% vs -8.3%），诺信自由现金流更多（$193.9M vs $22.4M），过去两年诺信的营收复合增速更高（9.0% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
诺信（Nordson Corporation）是总部位于美国的跨国企业，专业设计生产民用及工业场景使用的胶粘剂、密封剂、涂料喷涂设备，同时生产电子元器件检测设备、固化及表面处理技术系统，还布局了医疗设备与组件技术相关业务。
CAPL vs NDSN — 直观对比
营收规模更大
CAPL
是对方的1.2倍
$751.8M
营收增速更快
NDSN
高出9.2%
-8.3%
净利率更高
NDSN
高出19.0%
1.2%
自由现金流更多
NDSN
多$171.5M
$22.4M
两年增速更快
NDSN
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $751.8M |
| 净利润 | $10.2M | $151.6M |
| 毛利率 | 12.4% | 56.3% |
| 营业利润率 | 3.0% | 28.5% |
| 净利率 | 1.2% | 20.2% |
| 营收同比 | -8.3% | 1.0% |
| 净利润同比 | -39.6% | 24.1% |
| 每股收益（稀释后） | $0.24 | $2.67 |
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CAPLNDSN
| Q4 25 | $866.3M | $751.8M | ||
| Q3 25 | $971.8M | $741.5M | ||
| Q2 25 | $961.9M | $682.9M | ||
| Q1 25 | $862.5M | $615.4M | ||
| Q4 24 | $944.2M | $744.5M | ||
| Q3 24 | $1.1B | $661.6M | ||
| Q2 24 | $1.1B | $650.6M | ||
| Q1 24 | $941.5M | $633.2M |
净利润CAPLNDSN
| Q4 25 | $10.2M | $151.6M | ||
| Q3 25 | $13.6M | $125.8M | ||
| Q2 25 | $25.2M | $112.4M | ||
| Q1 25 | $-7.1M | $94.7M | ||
| Q4 24 | $16.9M | $122.2M | ||
| Q3 24 | $10.7M | $117.3M | ||
| Q2 24 | $12.4M | $118.2M | ||
| Q1 24 | $-17.5M | $109.6M |
毛利率CAPLNDSN
| Q4 25 | 12.4% | 56.3% | ||
| Q3 25 | 10.8% | 54.8% | ||
| Q2 25 | 10.5% | 54.7% | ||
| Q1 25 | 10.4% | 54.6% | ||
| Q4 24 | 10.7% | 54.1% | ||
| Q3 24 | 10.3% | 55.8% | ||
| Q2 24 | 9.2% | 56.2% | ||
| Q1 24 | 8.6% | 55.0% |
营业利润率CAPLNDSN
| Q4 25 | 3.0% | 28.5% | ||
| Q3 25 | 2.9% | 25.3% | ||
| Q2 25 | 4.3% | 24.7% | ||
| Q1 25 | 0.2% | 22.9% | ||
| Q4 24 | 3.0% | 24.0% | ||
| Q3 24 | 2.5% | 25.3% | ||
| Q2 24 | 2.5% | 25.9% | ||
| Q1 24 | -1.4% | 25.2% |
净利率CAPLNDSN
| Q4 25 | 1.2% | 20.2% | ||
| Q3 25 | 1.4% | 17.0% | ||
| Q2 25 | 2.6% | 16.5% | ||
| Q1 25 | -0.8% | 15.4% | ||
| Q4 24 | 1.8% | 16.4% | ||
| Q3 24 | 1.0% | 17.7% | ||
| Q2 24 | 1.1% | 18.2% | ||
| Q1 24 | -1.9% | 17.3% |
每股收益（稀释后）CAPLNDSN
| Q4 25 | $0.24 | $2.67 | ||
| Q3 25 | $0.34 | $2.22 | ||
| Q2 25 | $0.64 | $1.97 | ||
| Q1 25 | $-0.20 | $1.65 | ||
| Q4 24 | $0.42 | $2.12 | ||
| Q3 24 | $0.27 | $2.04 | ||
| Q2 24 | $0.31 | $2.05 | ||
| Q1 24 | $-0.48 | $1.90 |
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 | $3.1M | $108.4M |
| 总债务越低越好 | $687.2M | $2.0B |
| 股东权益账面价值 | — | $3.0B |
| 总资产 | $964.7M | $5.9B |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资CAPLNDSN
| Q4 25 | $3.1M | $108.4M | ||
| Q3 25 | $5.8M | $147.8M | ||
| Q2 25 | $9.7M | $130.2M | ||
| Q1 25 | $6.7M | $130.4M | ||
| Q4 24 | $3.4M | $116.0M | ||
| Q3 24 | $7.8M | $165.3M | ||
| Q2 24 | $5.5M | $125.4M | ||
| Q1 24 | $6.3M | $136.2M |
总债务CAPLNDSN
| Q4 25 | $687.2M | $2.0B | ||
| Q3 25 | $700.8M | $2.1B | ||
| Q2 25 | $722.7M | $2.2B | ||
| Q1 25 | $774.1M | $2.2B | ||
| Q4 24 | $763.9M | $2.2B | ||
| Q3 24 | $769.2M | $1.5B | ||
| Q2 24 | $786.7M | $1.5B | ||
| Q1 24 | $795.8M | $1.6B |
股东权益CAPLNDSN
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.7B |
总资产CAPLNDSN
| Q4 25 | $964.7M | $5.9B | ||
| Q3 25 | $998.9M | $6.0B | ||
| Q2 25 | $1.0B | $6.1B | ||
| Q1 25 | $1.1B | $5.9B | ||
| Q4 24 | $1.1B | $6.0B | ||
| Q3 24 | $1.1B | $5.2B | ||
| Q2 24 | $1.2B | $5.2B | ||
| Q1 24 | $1.2B | $5.2B |
负债/权益比CAPLNDSN
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | 0.74× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.60× |
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 | $29.4M | $202.9M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $193.9M |
| 自由现金流率自由现金流/营收 | 2.6% | 25.8% |
| 资本支出强度资本支出/营收 | 0.8% | 1.2% |
| 现金转化率经营现金流/净利润 | 2.89× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $55.8M | $661.1M |
8季度趋势，按日历期对齐
经营现金流CAPLNDSN
| Q4 25 | $29.4M | $202.9M | ||
| Q3 25 | $24.4M | $238.0M | ||
| Q2 25 | $22.6M | $119.2M | ||
| Q1 25 | $15.0M | $159.1M | ||
| Q4 24 | $11.1M | $96.4M | ||
| Q3 24 | $41.9M | $164.8M | ||
| Q2 24 | $28.9M | $122.6M | ||
| Q1 24 | $5.8M | $172.4M |
自由现金流CAPLNDSN
| Q4 25 | $22.4M | $193.9M | ||
| Q3 25 | $17.7M | $226.4M | ||
| Q2 25 | $10.8M | $103.1M | ||
| Q1 25 | $4.9M | $137.7M | ||
| Q4 24 | $3.9M | $75.8M | ||
| Q3 24 | $34.2M | $143.0M | ||
| Q2 24 | $23.6M | $108.2M | ||
| Q1 24 | $-289.0K | $164.8M |
自由现金流率CAPLNDSN
| Q4 25 | 2.6% | 25.8% | ||
| Q3 25 | 1.8% | 30.5% | ||
| Q2 25 | 1.1% | 15.1% | ||
| Q1 25 | 0.6% | 22.4% | ||
| Q4 24 | 0.4% | 10.2% | ||
| Q3 24 | 3.2% | 21.6% | ||
| Q2 24 | 2.1% | 16.6% | ||
| Q1 24 | -0.0% | 26.0% |
资本支出强度CAPLNDSN
| Q4 25 | 0.8% | 1.2% | ||
| Q3 25 | 0.7% | 1.6% | ||
| Q2 25 | 1.2% | 2.3% | ||
| Q1 25 | 1.2% | 3.5% | ||
| Q4 24 | 0.8% | 2.8% | ||
| Q3 24 | 0.7% | 3.3% | ||
| Q2 24 | 0.5% | 2.2% | ||
| Q1 24 | 0.6% | 1.2% |
现金转化率CAPLNDSN
| Q4 25 | 2.89× | 1.34× | ||
| Q3 25 | 1.79× | 1.89× | ||
| Q2 25 | 0.90× | 1.06× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | 0.66× | 0.79× | ||
| Q3 24 | 3.92× | 1.41× | ||
| Q2 24 | 2.33× | 1.04× | ||
| Q1 24 | — | 1.57× |
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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
NDSN
| Advanced Technology Systems | $624.5M | 83% |
| Other | $127.3M | 17% |
