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楷登电子（CDNS）与Installed Building Products, Inc.（IBP）财务数据对比。点击上方公司名可切换其他公司
楷登电子的季度营收约是Installed Building Products, Inc.的1.7倍（$1.3B vs $747.5M），楷登电子净利率更高（22.8% vs 10.2%，领先12.5%），Installed Building Products, Inc.同比增速更快（-0.4% vs -16.1%），楷登电子自由现金流更多（$464.0M vs $49.3M），过去两年楷登电子的营收复合增速更高（9.6% vs 3.9%）
楷登电子是总部位于美国加利福尼亚州圣何塞的跨国科技与计算软件企业，最初主打半导体行业电子设计自动化（EDA）软件，目前业务覆盖集成电路、片上系统、印刷电路板、药品研发等领域的设计软硬件开发，同时向电子、航空航天、国防等行业授权知识产权。
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
CDNS vs IBP — 直观对比
营收规模更大
CDNS
是对方的1.7倍
$747.5M
营收增速更快
IBP
高出15.8%
-16.1%
净利率更高
CDNS
高出12.5%
10.2%
自由现金流更多
CDNS
多$414.7M
$49.3M
两年增速更快
CDNS
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $747.5M |
| 净利润 | $335.7M | $76.6M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 29.3% | 14.6% |
| 净利率 | 22.8% | 10.2% |
| 营收同比 | -16.1% | -0.4% |
| 净利润同比 | 22.7% | 14.5% |
| 每股收益（稀释后） | $1.00 | $2.81 |
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CDNSIBP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | $747.5M | ||
| Q3 25 | $1.3B | $778.2M | ||
| Q2 25 | $1.3B | $760.3M | ||
| Q1 25 | $1.2B | $684.8M | ||
| Q4 24 | $1.4B | $750.2M | ||
| Q3 24 | $1.2B | $760.6M | ||
| Q2 24 | $1.1B | $737.6M |
净利润CDNSIBP
| Q1 26 | $335.7M | — | ||
| Q4 25 | $388.1M | $76.6M | ||
| Q3 25 | $287.1M | $74.4M | ||
| Q2 25 | $160.1M | $69.0M | ||
| Q1 25 | $273.6M | $45.4M | ||
| Q4 24 | $340.2M | $66.9M | ||
| Q3 24 | $238.1M | $68.6M | ||
| Q2 24 | $229.5M | $65.2M |
毛利率CDNSIBP
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 34.1% |
营业利润率CDNSIBP
| Q1 26 | 29.3% | — | ||
| Q4 25 | 32.2% | 14.6% | ||
| Q3 25 | 31.8% | 13.7% | ||
| Q2 25 | 19.0% | 13.3% | ||
| Q1 25 | 29.1% | 10.2% | ||
| Q4 24 | 33.7% | 13.1% | ||
| Q3 24 | 28.8% | 13.3% | ||
| Q2 24 | 27.7% | 12.9% |
净利率CDNSIBP
| Q1 26 | 22.8% | — | ||
| Q4 25 | 27.0% | 10.2% | ||
| Q3 25 | 21.4% | 9.6% | ||
| Q2 25 | 12.5% | 9.1% | ||
| Q1 25 | 22.0% | 6.6% | ||
| Q4 24 | 25.1% | 8.9% | ||
| Q3 24 | 19.6% | 9.0% | ||
| Q2 24 | 21.6% | 8.8% |
每股收益（稀释后）CDNSIBP
| Q1 26 | $1.00 | — | ||
| Q4 25 | $1.42 | $2.81 | ||
| Q3 25 | $1.05 | $2.74 | ||
| Q2 25 | $0.59 | $2.52 | ||
| Q1 25 | $1.00 | $1.64 | ||
| Q4 24 | $1.23 | $2.39 | ||
| Q3 24 | $0.87 | $2.44 | ||
| Q2 24 | $0.84 | $2.30 |
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 | $2.8B | $321.9M |
| 总债务越低越好 | $2.5B | $886.6M |
| 股东权益账面价值 | $6.6B | $709.9M |
| 总资产 | $12.1B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.38× | 1.25× |
8季度趋势，按日历期对齐
现金及短期投资CDNSIBP
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.2B | $321.9M | ||
| Q3 25 | $2.8B | $333.3M | ||
| Q2 25 | $2.8B | $305.2M | ||
| Q1 25 | $2.8B | $298.7M | ||
| Q4 24 | $2.8B | $327.6M | ||
| Q3 24 | $2.8B | $406.2M | ||
| Q2 24 | $1.1B | $380.3M |
总债务CDNSIBP
| Q1 26 | $2.5B | — | ||
| Q4 25 | — | $886.6M | ||
| Q3 25 | — | $880.8M | ||
| Q2 25 | — | $876.1M | ||
| Q1 25 | — | $872.4M | ||
| Q4 24 | — | $874.8M | ||
| Q3 24 | — | $872.3M | ||
| Q2 24 | — | $875.8M |
股东权益CDNSIBP
| Q1 26 | $6.6B | — | ||
| Q4 25 | $5.5B | $709.9M | ||
| Q3 25 | $5.2B | $678.6M | ||
| Q2 25 | $5.0B | $664.5M | ||
| Q1 25 | $4.8B | $660.9M | ||
| Q4 24 | $4.7B | $705.3M | ||
| Q3 24 | $4.6B | $716.4M | ||
| Q2 24 | $4.3B | $685.3M |
总资产CDNSIBP
| Q1 26 | $12.1B | — | ||
| Q4 25 | $10.2B | $2.1B | ||
| Q3 25 | $9.6B | $2.1B | ||
| Q2 25 | $9.5B | $2.0B | ||
| Q1 25 | $9.0B | $2.0B | ||
| Q4 24 | $9.0B | $2.1B | ||
| Q3 24 | $9.2B | $2.1B | ||
| Q2 24 | $7.2B | $2.0B |
负债/权益比CDNSIBP
| Q1 26 | 0.38× | — | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.24× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× |
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 | $355.8M | $64.9M |
| 自由现金流经营现金流 - 资本支出 | $464.0M | $49.3M |
| 自由现金流率自由现金流/营收 | 36.4% | 6.6% |
| 资本支出强度资本支出/营收 | 5.1% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.06× | 0.85× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $300.8M |
8季度趋势，按日历期对齐
经营现金流CDNSIBP
| Q1 26 | $355.8M | — | ||
| Q4 25 | $553.5M | $64.9M | ||
| Q3 25 | $310.7M | $124.0M | ||
| Q2 25 | $377.6M | $90.4M | ||
| Q1 25 | $487.0M | $92.1M | ||
| Q4 24 | $441.4M | $74.8M | ||
| Q3 24 | $410.0M | $101.4M | ||
| Q2 24 | $156.0M | $79.0M |
自由现金流CDNSIBP
| Q1 26 | $464.0M | — | ||
| Q4 25 | $512.5M | $49.3M | ||
| Q3 25 | $277.0M | $104.8M | ||
| Q2 25 | $333.5M | $74.8M | ||
| Q1 25 | $464.0M | $71.9M | ||
| Q4 24 | $404.2M | $52.9M | ||
| Q3 24 | $383.5M | $77.3M | ||
| Q2 24 | $126.8M | $58.2M |
自由现金流率CDNSIBP
| Q1 26 | 36.4% | — | ||
| Q4 25 | 35.6% | 6.6% | ||
| Q3 25 | 20.7% | 13.5% | ||
| Q2 25 | 26.1% | 9.8% | ||
| Q1 25 | 37.3% | 10.5% | ||
| Q4 24 | 29.8% | 7.1% | ||
| Q3 24 | 31.5% | 10.2% | ||
| Q2 24 | 12.0% | 7.9% |
资本支出强度CDNSIBP
| Q1 26 | 5.1% | — | ||
| Q4 25 | 2.8% | 2.1% | ||
| Q3 25 | 2.5% | 2.5% | ||
| Q2 25 | 3.5% | 2.1% | ||
| Q1 25 | 1.9% | 2.9% | ||
| Q4 24 | 2.7% | 2.9% | ||
| Q3 24 | 2.2% | 3.2% | ||
| Q2 24 | 2.8% | 2.8% |
现金转化率CDNSIBP
| Q1 26 | 1.06× | — | ||
| Q4 25 | 1.43× | 0.85× | ||
| Q3 25 | 1.08× | 1.67× | ||
| Q2 25 | 2.36× | 1.31× | ||
| Q1 25 | 1.78× | 2.03× | ||
| Q4 24 | 1.30× | 1.12× | ||
| Q3 24 | 1.72× | 1.48× | ||
| Q2 24 | 0.68× | 1.21× |
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
CDNS
| Product and Maintenance | $1.1B | 87% |
| Services | $131.0M | 10% |
| Other | $33.0M | 3% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
