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COMPASS MINERALS INTERNATIONAL INC（CMP）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
COMPASS MINERALS INTERNATIONAL INC的季度营收约是KADANT INC的1.5倍（$396.1M vs $271.6M），KADANT INC净利率更高（10.2% vs 4.7%，领先5.5%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $-59.8M），过去两年KADANT INC的营收复合增速更高（6.7% vs 4.3%）
指南针矿产国际是一家美国上市矿产企业，总部位于堪萨斯州欧弗兰帕克，是盐、氯化镁和硫酸钾等产品的领先生产商。公司面向北美和英国客户供应经处理与未经处理的散装道路除冰盐，同时向全球种植者提供植物营养产品，此外也生产民用除冰、水质调节产品及相关商用产品。
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。
CMP vs KAI — 直观对比
营收规模更大
CMP
是对方的1.5倍
$271.6M
营收增速更快
CMP
高出29.0%
-0.0%
净利率更高
KAI
高出5.5%
4.7%
自由现金流更多
KAI
多$103.9M
$-59.8M
两年增速更快
KAI
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $396.1M | $271.6M |
| 净利润 | $18.6M | $27.7M |
| 毛利率 | 16.0% | 45.2% |
| 营业利润率 | 9.2% | 15.7% |
| 净利率 | 4.7% | 10.2% |
| 营收同比 | 28.9% | -0.0% |
| 净利润同比 | 178.8% | -12.2% |
| 每股收益（稀释后） | $0.43 | $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CMPKAI
| Q4 25 | $396.1M | — | ||
| Q3 25 | $227.5M | $271.6M | ||
| Q2 25 | $214.6M | $255.3M | ||
| Q1 25 | $494.6M | $239.2M | ||
| Q4 24 | $307.2M | $258.0M | ||
| Q3 24 | $208.8M | $271.6M | ||
| Q2 24 | $202.9M | $274.8M | ||
| Q1 24 | $364.0M | $249.0M |
净利润CMPKAI
| Q4 25 | $18.6M | — | ||
| Q3 25 | $-7.2M | $27.7M | ||
| Q2 25 | $-17.0M | $26.2M | ||
| Q1 25 | $-32.0M | $24.1M | ||
| Q4 24 | $-23.6M | $24.0M | ||
| Q3 24 | $-48.3M | $31.6M | ||
| Q2 24 | $-43.6M | $31.3M | ||
| Q1 24 | $-38.9M | $24.7M |
毛利率CMPKAI
| Q4 25 | 16.0% | — | ||
| Q3 25 | 16.9% | 45.2% | ||
| Q2 25 | 19.2% | 45.9% | ||
| Q1 25 | 15.5% | 46.1% | ||
| Q4 24 | 11.2% | 43.4% | ||
| Q3 24 | 9.3% | 44.7% | ||
| Q2 24 | 16.1% | 44.4% | ||
| Q1 24 | 19.7% | 44.6% |
营业利润率CMPKAI
| Q4 25 | 9.2% | — | ||
| Q3 25 | 5.3% | 15.7% | ||
| Q2 25 | 7.4% | 15.4% | ||
| Q1 25 | -0.6% | 14.9% | ||
| Q4 24 | 0.2% | 14.3% | ||
| Q3 24 | -14.3% | 18.0% | ||
| Q2 24 | 2.9% | 17.6% | ||
| Q1 24 | -10.8% | 14.8% |
净利率CMPKAI
| Q4 25 | 4.7% | — | ||
| Q3 25 | -3.2% | 10.2% | ||
| Q2 25 | -7.9% | 10.2% | ||
| Q1 25 | -6.5% | 10.1% | ||
| Q4 24 | -7.7% | 9.3% | ||
| Q3 24 | -23.1% | 11.6% | ||
| Q2 24 | -21.5% | 11.4% | ||
| Q1 24 | -10.7% | 9.9% |
每股收益（稀释后）CMPKAI
| Q4 25 | $0.43 | — | ||
| Q3 25 | — | $2.35 | ||
| Q2 25 | $-0.41 | $2.22 | ||
| Q1 25 | $-0.77 | $2.04 | ||
| Q4 24 | $-0.57 | $2.04 | ||
| Q3 24 | $-1.17 | $2.68 | ||
| Q2 24 | $-1.05 | $2.66 | ||
| Q1 24 | $-0.94 | $2.10 |
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 | $46.7M | $124.5M |
| 总债务越低越好 | $890.0M | $254.6M |
| 股东权益账面价值 | $260.5M | $949.8M |
| 总资产 | $1.5B | $1.5B |
| 负债/权益比越低杠杆越低 | 3.42× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资CMPKAI
| Q4 25 | $46.7M | — | ||
| Q3 25 | $59.7M | $124.5M | ||
| Q2 25 | $79.4M | $95.3M | ||
| Q1 25 | $49.5M | $91.7M | ||
| Q4 24 | $45.8M | $94.7M | ||
| Q3 24 | $20.2M | $88.4M | ||
| Q2 24 | $12.8M | $73.8M | ||
| Q1 24 | $38.3M | $81.4M |
总债务CMPKAI
| Q4 25 | $890.0M | — | ||
| Q3 25 | $839.8M | $254.6M | ||
| Q2 25 | $833.4M | $245.7M | ||
| Q1 25 | $807.6M | $273.5M | ||
| Q4 24 | $974.4M | $285.2M | ||
| Q3 24 | $921.2M | $323.2M | ||
| Q2 24 | $875.1M | $342.0M | ||
| Q1 24 | $877.2M | $306.8M |
股东权益CMPKAI
| Q4 25 | $260.5M | — | ||
| Q3 25 | $234.1M | $949.8M | ||
| Q2 25 | $249.8M | $926.0M | ||
| Q1 25 | $236.5M | $876.0M | ||
| Q4 24 | $263.0M | $847.1M | ||
| Q3 24 | $316.6M | $851.7M | ||
| Q2 24 | $352.1M | $807.7M | ||
| Q1 24 | $400.4M | $782.7M |
总资产CMPKAI
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.7B | $1.4B |
负债/权益比CMPKAI
| Q4 25 | 3.42× | — | ||
| Q3 25 | 3.59× | 0.27× | ||
| Q2 25 | 3.34× | 0.27× | ||
| Q1 25 | 3.41× | 0.31× | ||
| Q4 24 | 3.70× | 0.34× | ||
| Q3 24 | 2.91× | 0.38× | ||
| Q2 24 | 2.49× | 0.42× | ||
| Q1 24 | 2.19× | 0.39× |
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 | $-37.0M | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $-59.8M | $44.1M |
| 自由现金流率自由现金流/营收 | -15.1% | 16.2% |
| 资本支出强度资本支出/营收 | 5.8% | 1.2% |
| 现金转化率经营现金流/净利润 | -1.99× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $94.1M | $145.9M |
8季度趋势，按日历期对齐
经营现金流CMPKAI
| Q4 25 | $-37.0M | — | ||
| Q3 25 | $-6.9M | $47.3M | ||
| Q2 25 | $21.8M | $40.5M | ||
| Q1 25 | $186.9M | $22.8M | ||
| Q4 24 | $-4.1M | $51.9M | ||
| Q3 24 | $-12.7M | $52.5M | ||
| Q2 24 | $-6.8M | $28.1M | ||
| Q1 24 | $86.2M | $22.8M |
自由现金流CMPKAI
| Q4 25 | $-59.8M | — | ||
| Q3 25 | $-22.8M | $44.1M | ||
| Q2 25 | $3.8M | $36.5M | ||
| Q1 25 | $172.9M | $19.0M | ||
| Q4 24 | $-25.9M | $46.3M | ||
| Q3 24 | $-33.6M | $48.3M | ||
| Q2 24 | $-21.5M | $23.1M | ||
| Q1 24 | $56.2M | $16.6M |
自由现金流率CMPKAI
| Q4 25 | -15.1% | — | ||
| Q3 25 | -10.0% | 16.2% | ||
| Q2 25 | 1.8% | 14.3% | ||
| Q1 25 | 35.0% | 7.9% | ||
| Q4 24 | -8.4% | 17.9% | ||
| Q3 24 | -16.1% | 17.8% | ||
| Q2 24 | -10.6% | 8.4% | ||
| Q1 24 | 15.4% | 6.7% |
资本支出强度CMPKAI
| Q4 25 | 5.8% | — | ||
| Q3 25 | 7.0% | 1.2% | ||
| Q2 25 | 8.4% | 1.6% | ||
| Q1 25 | 2.8% | 1.6% | ||
| Q4 24 | 7.1% | 2.2% | ||
| Q3 24 | 10.0% | 1.5% | ||
| Q2 24 | 7.2% | 1.8% | ||
| Q1 24 | 8.2% | 2.5% |
现金转化率CMPKAI
| Q4 25 | -1.99× | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 0.92× |
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
CMP
| Highway Deicing Salt | $210.8M | 53% |
| Consumer Industrial Salt | $120.7M | 30% |
| Plant Nutrition | $60.8M | 15% |
| Transferred Over Time | $2.8M | 1% |
| Other | $1.0M | 0% |
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% |
