vs
Clearwater Paper Corp（CLW）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
Clearwater Paper Corp的季度营收约是KADANT INC的1.3倍（$360.3M vs $271.6M），KADANT INC净利率更高（10.2% vs -3.6%，领先13.8%），KADANT INC同比增速更快（-0.0% vs -4.7%），过去两年KADANT INC的营收复合增速更高（6.7% vs 2.3%）
净水纸业公司是美国的一家纸浆与纸板制造商，总部位于华盛顿州斯波坎。公司于2008年12月9日从波特拉奇公司分拆设立，专注于纸浆及纸板产品的研发生产与销售，是北美地区该领域颇具影响力的生产企业。
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。
CLW vs KAI — 直观对比
营收规模更大
CLW
是对方的1.3倍
$271.6M
营收增速更快
KAI
高出4.7%
-4.7%
净利率更高
KAI
高出13.8%
-3.6%
两年增速更快
KAI
近两年复合增速
2.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $360.3M | $271.6M |
| 净利润 | $-12.8M | $27.7M |
| 毛利率 | -0.2% | 45.2% |
| 营业利润率 | — | 15.7% |
| 净利率 | -3.6% | 10.2% |
| 营收同比 | -4.7% | -0.0% |
| 净利润同比 | -103.2% | -12.2% |
| 每股收益（稀释后） | — | $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CLWKAI
| Q1 26 | $360.3M | — | ||
| Q4 25 | $386.4M | — | ||
| Q3 25 | $399.0M | $271.6M | ||
| Q2 25 | $391.8M | $255.3M | ||
| Q1 25 | $378.2M | $239.2M | ||
| Q4 24 | $387.1M | $258.0M | ||
| Q3 24 | $393.3M | $271.6M | ||
| Q2 24 | $344.4M | $274.8M |
净利润CLWKAI
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | — | ||
| Q3 25 | $-53.3M | $27.7M | ||
| Q2 25 | $2.7M | $26.2M | ||
| Q1 25 | $-6.3M | $24.1M | ||
| Q4 24 | $199.1M | $24.0M | ||
| Q3 24 | $5.8M | $31.6M | ||
| Q2 24 | $-25.8M | $31.3M |
毛利率CLWKAI
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 4.7% | 45.2% | ||
| Q2 25 | 11.0% | 45.9% | ||
| Q1 25 | 9.7% | 46.1% | ||
| Q4 24 | 3.8% | 43.4% | ||
| Q3 24 | 7.7% | 44.7% | ||
| Q2 24 | -0.6% | 44.4% |
营业利润率CLWKAI
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | -13.9% | 15.7% | ||
| Q2 25 | 2.5% | 15.4% | ||
| Q1 25 | -1.1% | 14.9% | ||
| Q4 24 | -4.0% | 14.3% | ||
| Q3 24 | -0.3% | 18.0% | ||
| Q2 24 | -13.6% | 17.6% |
净利率CLWKAI
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | -13.4% | 10.2% | ||
| Q2 25 | 0.7% | 10.2% | ||
| Q1 25 | -1.7% | 10.1% | ||
| Q4 24 | 51.4% | 9.3% | ||
| Q3 24 | 1.5% | 11.6% | ||
| Q2 24 | -7.5% | 11.4% |
每股收益（稀释后）CLWKAI
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | — | ||
| Q3 25 | $-3.30 | $2.35 | ||
| Q2 25 | $0.17 | $2.22 | ||
| Q1 25 | $-0.38 | $2.04 | ||
| Q4 24 | $11.87 | $2.04 | ||
| Q3 24 | $0.35 | $2.68 | ||
| Q2 24 | $-1.55 | $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 | $36.5M | $124.5M |
| 总债务越低越好 | $361.1M | $254.6M |
| 股东权益账面价值 | $813.8M | $949.8M |
| 总资产 | $1.6B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资CLWKAI
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | — | ||
| Q3 25 | $34.4M | $124.5M | ||
| Q2 25 | $46.7M | $95.3M | ||
| Q1 25 | $44.0M | $91.7M | ||
| Q4 24 | $79.6M | $94.7M | ||
| Q3 24 | $35.5M | $88.4M | ||
| Q2 24 | $39.6M | $73.8M |
总债务CLWKAI
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | — | ||
| Q3 25 | $337.0M | $254.6M | ||
| Q2 25 | $330.1M | $245.7M | ||
| Q1 25 | — | $273.5M | ||
| Q4 24 | $283.4M | $285.2M | ||
| Q3 24 | $1.2B | $323.2M | ||
| Q2 24 | $1.1B | $342.0M |
股东权益CLWKAI
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | — | ||
| Q3 25 | $783.0M | $949.8M | ||
| Q2 25 | $836.8M | $926.0M | ||
| Q1 25 | $836.6M | $876.0M | ||
| Q4 24 | $854.6M | $847.1M | ||
| Q3 24 | $664.6M | $851.7M | ||
| Q2 24 | $658.6M | $807.7M |
总资产CLWKAI
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $2.5B | $1.5B | ||
| Q2 24 | $2.5B | $1.5B |
负债/权益比CLWKAI
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.43× | 0.27× | ||
| Q2 25 | 0.39× | 0.27× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | 0.33× | 0.34× | ||
| Q3 24 | 1.73× | 0.38× | ||
| Q2 24 | 1.74× | 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CLWKAI
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $34.0M | $47.3M | ||
| Q2 25 | $-28.2M | $40.5M | ||
| Q1 25 | $1.5M | $22.8M | ||
| Q4 24 | $-35.1M | $51.9M | ||
| Q3 24 | $16.2M | $52.5M | ||
| Q2 24 | $21.1M | $28.1M |
自由现金流CLWKAI
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | — | ||
| Q3 25 | $15.7M | $44.1M | ||
| Q2 25 | $-51.1M | $36.5M | ||
| Q1 25 | $-31.2M | $19.0M | ||
| Q4 24 | $-68.1M | $46.3M | ||
| Q3 24 | $-30.8M | $48.3M | ||
| Q2 24 | $3.0M | $23.1M |
自由现金流率CLWKAI
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | — | ||
| Q3 25 | 3.9% | 16.2% | ||
| Q2 25 | -13.0% | 14.3% | ||
| Q1 25 | -8.2% | 7.9% | ||
| Q4 24 | -17.6% | 17.9% | ||
| Q3 24 | -7.8% | 17.8% | ||
| Q2 24 | 0.9% | 8.4% |
资本支出强度CLWKAI
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.6% | 1.2% | ||
| Q2 25 | 5.8% | 1.6% | ||
| Q1 25 | 8.6% | 1.6% | ||
| Q4 24 | 8.5% | 2.2% | ||
| Q3 24 | 12.0% | 1.5% | ||
| Q2 24 | 5.3% | 1.8% |
现金转化率CLWKAI
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | -10.44× | 1.55× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | -0.18× | 2.16× | ||
| Q3 24 | 2.79× | 1.66× | ||
| Q2 24 | — | 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
CLW
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% |
