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达尔科技（DIOD）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
达尔科技的季度营收约是KADANT INC的1.4倍（$391.6M vs $271.6M），KADANT INC净利率更高（10.2% vs 2.6%，领先7.6%），达尔科技同比增速更快（15.4% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $12.4M），过去两年达尔科技的营收复合增速更高（13.9% vs 6.7%）
达尔科技是一家全球性半导体制造商，主营分立器件、模拟及混合信号半导体产品的设计、生产与销售，产品广泛应用于汽车、工业、消费电子、计算及通信基础设施等核心领域，服务全球各地客户。
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。
DIOD vs KAI — 直观对比
营收规模更大
DIOD
是对方的1.4倍
$271.6M
营收增速更快
DIOD
高出15.4%
-0.0%
净利率更高
KAI
高出7.6%
2.6%
自由现金流更多
KAI
多$31.6M
$12.4M
两年增速更快
DIOD
近两年复合增速
6.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $391.6M | $271.6M |
| 净利润 | $10.2M | $27.7M |
| 毛利率 | 31.1% | 45.2% |
| 营业利润率 | 3.4% | 15.7% |
| 净利率 | 2.6% | 10.2% |
| 营收同比 | 15.4% | -0.0% |
| 净利润同比 | 23.8% | -12.2% |
| 每股收益（稀释后） | $0.23 | $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DIODKAI
| Q4 25 | $391.6M | — | ||
| Q3 25 | $392.2M | $271.6M | ||
| Q2 25 | $366.2M | $255.3M | ||
| Q1 25 | $332.1M | $239.2M | ||
| Q4 24 | $339.3M | $258.0M | ||
| Q3 24 | $350.1M | $271.6M | ||
| Q2 24 | $319.8M | $274.8M | ||
| Q1 24 | $302.0M | $249.0M |
净利润DIODKAI
| Q4 25 | $10.2M | — | ||
| Q3 25 | $14.3M | $27.7M | ||
| Q2 25 | $46.1M | $26.2M | ||
| Q1 25 | $-4.4M | $24.1M | ||
| Q4 24 | $8.2M | $24.0M | ||
| Q3 24 | $13.7M | $31.6M | ||
| Q2 24 | $8.0M | $31.3M | ||
| Q1 24 | $14.0M | $24.7M |
毛利率DIODKAI
| Q4 25 | 31.1% | — | ||
| Q3 25 | 30.7% | 45.2% | ||
| Q2 25 | 31.5% | 45.9% | ||
| Q1 25 | 31.5% | 46.1% | ||
| Q4 24 | 32.7% | 43.4% | ||
| Q3 24 | 33.7% | 44.7% | ||
| Q2 24 | 33.6% | 44.4% | ||
| Q1 24 | 33.0% | 44.6% |
营业利润率DIODKAI
| Q4 25 | 3.4% | — | ||
| Q3 25 | 3.0% | 15.7% | ||
| Q2 25 | 2.6% | 15.4% | ||
| Q1 25 | 0.4% | 14.9% | ||
| Q4 24 | 3.5% | 14.3% | ||
| Q3 24 | 6.2% | 18.0% | ||
| Q2 24 | 1.2% | 17.6% | ||
| Q1 24 | 4.3% | 14.8% |
净利率DIODKAI
| Q4 25 | 2.6% | — | ||
| Q3 25 | 3.6% | 10.2% | ||
| Q2 25 | 12.6% | 10.2% | ||
| Q1 25 | -1.3% | 10.1% | ||
| Q4 24 | 2.4% | 9.3% | ||
| Q3 24 | 3.9% | 11.6% | ||
| Q2 24 | 2.5% | 11.4% | ||
| Q1 24 | 4.6% | 9.9% |
每股收益（稀释后）DIODKAI
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.31 | $2.35 | ||
| Q2 25 | $0.99 | $2.22 | ||
| Q1 25 | $-0.10 | $2.04 | ||
| Q4 24 | $0.18 | $2.04 | ||
| Q3 24 | $0.30 | $2.68 | ||
| Q2 24 | $0.17 | $2.66 | ||
| Q1 24 | $0.30 | $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 | $377.0M | $124.5M |
| 总债务越低越好 | $25.7M | $254.6M |
| 股东权益账面价值 | $1.9B | $949.8M |
| 总资产 | $2.4B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.01× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资DIODKAI
| Q4 25 | $377.0M | — | ||
| Q3 25 | $386.4M | $124.5M | ||
| Q2 25 | $327.3M | $95.3M | ||
| Q1 25 | $343.9M | $91.7M | ||
| Q4 24 | $316.1M | $94.7M | ||
| Q3 24 | $319.3M | $88.4M | ||
| Q2 24 | $273.9M | $73.8M | ||
| Q1 24 | $276.0M | $81.4M |
总债务DIODKAI
| Q4 25 | $25.7M | — | ||
| Q3 25 | $24.9M | $254.6M | ||
| Q2 25 | $26.4M | $245.7M | ||
| Q1 25 | $20.5M | $273.5M | ||
| Q4 24 | $20.7M | $285.2M | ||
| Q3 24 | $22.2M | $323.2M | ||
| Q2 24 | $20.3M | $342.0M | ||
| Q1 24 | $20.9M | $306.8M |
股东权益DIODKAI
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $949.8M | ||
| Q2 25 | $1.9B | $926.0M | ||
| Q1 25 | $1.8B | $876.0M | ||
| Q4 24 | $1.8B | $847.1M | ||
| Q3 24 | $1.8B | $851.7M | ||
| Q2 24 | $1.8B | $807.7M | ||
| Q1 24 | $1.7B | $782.7M |
总资产DIODKAI
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.4B | $1.4B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $2.4B | $1.5B | ||
| Q1 24 | $2.4B | $1.4B |
负债/权益比DIODKAI
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.01× | 0.27× | ||
| Q2 25 | 0.01× | 0.27× | ||
| Q1 25 | 0.01× | 0.31× | ||
| Q4 24 | 0.01× | 0.34× | ||
| Q3 24 | 0.01× | 0.38× | ||
| Q2 24 | 0.01× | 0.42× | ||
| Q1 24 | 0.01× | 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 | $38.1M | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $12.4M | $44.1M |
| 自由现金流率自由现金流/营收 | 3.2% | 16.2% |
| 资本支出强度资本支出/营收 | 6.6% | 1.2% |
| 现金转化率经营现金流/净利润 | 3.74× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $137.2M | $145.9M |
8季度趋势，按日历期对齐
经营现金流DIODKAI
| Q4 25 | $38.1M | — | ||
| Q3 25 | $79.1M | $47.3M | ||
| Q2 25 | $41.5M | $40.5M | ||
| Q1 25 | $56.7M | $22.8M | ||
| Q4 24 | $81.8M | $51.9M | ||
| Q3 24 | $54.4M | $52.5M | ||
| Q2 24 | $14.4M | $28.1M | ||
| Q1 24 | $-31.1M | $22.8M |
自由现金流DIODKAI
| Q4 25 | $12.4M | — | ||
| Q3 25 | $62.8M | $44.1M | ||
| Q2 25 | $21.1M | $36.5M | ||
| Q1 25 | $40.8M | $19.0M | ||
| Q4 24 | $62.1M | $46.3M | ||
| Q3 24 | $39.4M | $48.3M | ||
| Q2 24 | $-3.5M | $23.1M | ||
| Q1 24 | $-51.5M | $16.6M |
自由现金流率DIODKAI
| Q4 25 | 3.2% | — | ||
| Q3 25 | 16.0% | 16.2% | ||
| Q2 25 | 5.8% | 14.3% | ||
| Q1 25 | 12.3% | 7.9% | ||
| Q4 24 | 18.3% | 17.9% | ||
| Q3 24 | 11.2% | 17.8% | ||
| Q2 24 | -1.1% | 8.4% | ||
| Q1 24 | -17.1% | 6.7% |
资本支出强度DIODKAI
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.2% | 1.2% | ||
| Q2 25 | 5.6% | 1.6% | ||
| Q1 25 | 4.8% | 1.6% | ||
| Q4 24 | 5.8% | 2.2% | ||
| Q3 24 | 4.3% | 1.5% | ||
| Q2 24 | 5.6% | 1.8% | ||
| Q1 24 | 6.7% | 2.5% |
现金转化率DIODKAI
| Q4 25 | 3.74× | — | ||
| Q3 25 | 5.54× | 1.70× | ||
| Q2 25 | 0.90× | 1.55× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | 9.93× | 2.16× | ||
| Q3 24 | 3.95× | 1.66× | ||
| Q2 24 | 1.80× | 0.90× | ||
| Q1 24 | -2.22× | 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
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
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% |
