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Traeger, Inc.（COOK）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
KADANT INC的季度营收约是Traeger, Inc.的1.9倍（$271.6M vs $145.4M），KADANT INC净利率更高（10.2% vs -11.8%，领先22.0%），KADANT INC同比增速更快（-0.0% vs -13.8%），KADANT INC自由现金流更多（$44.1M vs $14.2M），过去两年KADANT INC的营收复合增速更高（6.7% vs 0.2%）
Traeger, Inc.是一家专注于户外烹饪设备研发生产的企业，主营高端木颗粒烤炉、配套配件及专用木颗粒燃料，主要面向北美、欧洲、澳洲市场，通过零售渠道和直营模式服务家庭及商用餐饮客户。
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。
COOK vs KAI — 直观对比
营收规模更大
KAI
是对方的1.9倍
$145.4M
营收增速更快
KAI
高出13.8%
-13.8%
净利率更高
KAI
高出22.0%
-11.8%
自由现金流更多
KAI
多$29.9M
$14.2M
两年增速更快
KAI
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.4M | $271.6M |
| 净利润 | $-17.2M | $27.7M |
| 毛利率 | 37.4% | 45.2% |
| 营业利润率 | -8.0% | 15.7% |
| 净利率 | -11.8% | 10.2% |
| 营收同比 | -13.8% | -0.0% |
| 净利润同比 | -147.2% | -12.2% |
| 每股收益（稀释后） | $-0.13 | $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COOKKAI
| Q4 25 | $145.4M | — | ||
| Q3 25 | $125.4M | $271.6M | ||
| Q2 25 | $145.5M | $255.3M | ||
| Q1 25 | $143.3M | $239.2M | ||
| Q4 24 | $168.6M | $258.0M | ||
| Q3 24 | $122.0M | $271.6M | ||
| Q2 24 | $168.5M | $274.8M | ||
| Q1 24 | $144.9M | $249.0M |
净利润COOKKAI
| Q4 25 | $-17.2M | — | ||
| Q3 25 | $-89.8M | $27.7M | ||
| Q2 25 | $-7.4M | $26.2M | ||
| Q1 25 | $-778.0K | $24.1M | ||
| Q4 24 | $-7.0M | $24.0M | ||
| Q3 24 | $-19.8M | $31.6M | ||
| Q2 24 | $-2.6M | $31.3M | ||
| Q1 24 | $-4.7M | $24.7M |
毛利率COOKKAI
| Q4 25 | 37.4% | — | ||
| Q3 25 | 38.7% | 45.2% | ||
| Q2 25 | 39.2% | 45.9% | ||
| Q1 25 | 41.5% | 46.1% | ||
| Q4 24 | 40.9% | 43.4% | ||
| Q3 24 | 42.3% | 44.7% | ||
| Q2 24 | 42.9% | 44.4% | ||
| Q1 24 | 43.2% | 44.6% |
营业利润率COOKKAI
| Q4 25 | -8.0% | — | ||
| Q3 25 | -66.5% | 15.7% | ||
| Q2 25 | -4.2% | 15.4% | ||
| Q1 25 | 2.4% | 14.9% | ||
| Q4 24 | -0.1% | 14.3% | ||
| Q3 24 | -6.1% | 18.0% | ||
| Q2 24 | 2.8% | 17.6% | ||
| Q1 24 | -0.1% | 14.8% |
净利率COOKKAI
| Q4 25 | -11.8% | — | ||
| Q3 25 | -71.6% | 10.2% | ||
| Q2 25 | -5.1% | 10.2% | ||
| Q1 25 | -0.5% | 10.1% | ||
| Q4 24 | -4.1% | 9.3% | ||
| Q3 24 | -16.2% | 11.6% | ||
| Q2 24 | -1.5% | 11.4% | ||
| Q1 24 | -3.2% | 9.9% |
每股收益（稀释后）COOKKAI
| Q4 25 | $-0.13 | — | ||
| Q3 25 | $-0.67 | $2.35 | ||
| Q2 25 | $-0.06 | $2.22 | ||
| Q1 25 | $-0.01 | $2.04 | ||
| Q4 24 | $-0.06 | $2.04 | ||
| Q3 24 | $-0.15 | $2.68 | ||
| Q2 24 | $-0.02 | $2.66 | ||
| Q1 24 | $-0.04 | $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 | $19.6M | $124.5M |
| 总债务越低越好 | $403.3M | $254.6M |
| 股东权益账面价值 | $170.8M | $949.8M |
| 总资产 | $676.0M | $1.5B |
| 负债/权益比越低杠杆越低 | 2.36× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资COOKKAI
| Q4 25 | $19.6M | — | ||
| Q3 25 | $5.9M | $124.5M | ||
| Q2 25 | $10.3M | $95.3M | ||
| Q1 25 | $12.0M | $91.7M | ||
| Q4 24 | $15.0M | $94.7M | ||
| Q3 24 | $16.9M | $88.4M | ||
| Q2 24 | $18.0M | $73.8M | ||
| Q1 24 | $23.6M | $81.4M |
总债务COOKKAI
| Q4 25 | $403.3M | — | ||
| Q3 25 | — | $254.6M | ||
| Q2 25 | — | $245.7M | ||
| Q1 25 | — | $273.5M | ||
| Q4 24 | $403.6M | $285.2M | ||
| Q3 24 | — | $323.2M | ||
| Q2 24 | — | $342.0M | ||
| Q1 24 | — | $306.8M |
股东权益COOKKAI
| Q4 25 | $170.8M | — | ||
| Q3 25 | $186.1M | $949.8M | ||
| Q2 25 | $274.2M | $926.0M | ||
| Q1 25 | $279.6M | $876.0M | ||
| Q4 24 | $276.4M | $847.1M | ||
| Q3 24 | $279.8M | $851.7M | ||
| Q2 24 | $297.3M | $807.7M | ||
| Q1 24 | $294.6M | $782.7M |
总资产COOKKAI
| Q4 25 | $676.0M | — | ||
| Q3 25 | $689.6M | $1.5B | ||
| Q2 25 | $780.6M | $1.5B | ||
| Q1 25 | $825.6M | $1.4B | ||
| Q4 24 | $830.7M | $1.4B | ||
| Q3 24 | $818.1M | $1.5B | ||
| Q2 24 | $842.4M | $1.5B | ||
| Q1 24 | $862.1M | $1.4B |
负债/权益比COOKKAI
| Q4 25 | 2.36× | — | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | 1.46× | 0.34× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.42× | ||
| Q1 24 | — | 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 | $15.5M | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $14.2M | $44.1M |
| 自由现金流率自由现金流/营收 | 9.8% | 16.2% |
| 资本支出强度资本支出/营收 | 0.9% | 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 | $13.6M | $145.9M |
8季度趋势，按日历期对齐
经营现金流COOKKAI
| Q4 25 | $15.5M | — | ||
| Q3 25 | $7.6M | $47.3M | ||
| Q2 25 | $18.3M | $40.5M | ||
| Q1 25 | $-20.8M | $22.8M | ||
| Q4 24 | $7.5M | $51.9M | ||
| Q3 24 | $15.1M | $52.5M | ||
| Q2 24 | $13.9M | $28.1M | ||
| Q1 24 | $-12.6M | $22.8M |
自由现金流COOKKAI
| Q4 25 | $14.2M | — | ||
| Q3 25 | $6.4M | $44.1M | ||
| Q2 25 | $15.7M | $36.5M | ||
| Q1 25 | $-22.7M | $19.0M | ||
| Q4 24 | $5.5M | $46.3M | ||
| Q3 24 | $12.8M | $48.3M | ||
| Q2 24 | $11.8M | $23.1M | ||
| Q1 24 | $-18.3M | $16.6M |
自由现金流率COOKKAI
| Q4 25 | 9.8% | — | ||
| Q3 25 | 5.1% | 16.2% | ||
| Q2 25 | 10.8% | 14.3% | ||
| Q1 25 | -15.8% | 7.9% | ||
| Q4 24 | 3.3% | 17.9% | ||
| Q3 24 | 10.5% | 17.8% | ||
| Q2 24 | 7.0% | 8.4% | ||
| Q1 24 | -12.6% | 6.7% |
资本支出强度COOKKAI
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.9% | 1.2% | ||
| Q2 25 | 1.8% | 1.6% | ||
| Q1 25 | 1.3% | 1.6% | ||
| Q4 24 | 1.2% | 2.2% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 1.2% | 1.8% | ||
| Q1 24 | 3.9% | 2.5% |
现金转化率COOKKAI
| Q4 25 | — | — | ||
| 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
COOK
| Grills | $60.6M | 42% |
| Accessories | $49.2M | 34% |
| Consumables | $35.5M | 24% |
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% |
