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Elastic N.V.（ESTC）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
Elastic N.V.的季度营收约是KADANT INC的1.6倍（$423.5M vs $271.6M），KADANT INC净利率更高（10.2% vs -12.1%，领先22.3%），Elastic N.V.同比增速更快（15.9% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $26.0M），过去两年Elastic N.V.的营收复合增速更高（13.6% vs 6.7%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
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。
ESTC vs KAI — 直观对比
营收规模更大
ESTC
是对方的1.6倍
$271.6M
营收增速更快
ESTC
高出15.9%
-0.0%
净利率更高
KAI
高出22.3%
-12.1%
自由现金流更多
KAI
多$18.1M
$26.0M
两年增速更快
ESTC
近两年复合增速
6.7%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $271.6M |
| 净利润 | $-51.3M | $27.7M |
| 毛利率 | 75.9% | 45.2% |
| 营业利润率 | -1.9% | 15.7% |
| 净利率 | -12.1% | 10.2% |
| 营收同比 | 15.9% | -0.0% |
| 净利润同比 | -101.5% | -12.2% |
| 每股收益（稀释后） | $-0.48 | $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ESTCKAI
| Q4 25 | $423.5M | — | ||
| Q3 25 | $415.3M | $271.6M | ||
| Q2 25 | $388.4M | $255.3M | ||
| Q1 25 | $382.1M | $239.2M | ||
| Q4 24 | $365.4M | $258.0M | ||
| Q3 24 | $347.4M | $271.6M | ||
| Q2 24 | $335.0M | $274.8M | ||
| Q1 24 | $328.0M | $249.0M |
净利润ESTCKAI
| Q4 25 | $-51.3M | — | ||
| Q3 25 | $-24.6M | $27.7M | ||
| Q2 25 | $-16.4M | $26.2M | ||
| Q1 25 | $-17.1M | $24.1M | ||
| Q4 24 | $-25.4M | $24.0M | ||
| Q3 24 | $-49.2M | $31.6M | ||
| Q2 24 | $-41.1M | $31.3M | ||
| Q1 24 | $176.1M | $24.7M |
毛利率ESTCKAI
| Q4 25 | 75.9% | — | ||
| Q3 25 | 76.7% | 45.2% | ||
| Q2 25 | 74.8% | 45.9% | ||
| Q1 25 | 74.6% | 46.1% | ||
| Q4 24 | 74.5% | 43.4% | ||
| Q3 24 | 73.6% | 44.7% | ||
| Q2 24 | 73.8% | 44.4% | ||
| Q1 24 | 74.2% | 44.6% |
营业利润率ESTCKAI
| Q4 25 | -1.9% | — | ||
| Q3 25 | -2.3% | 15.7% | ||
| Q2 25 | -3.1% | 15.4% | ||
| Q1 25 | -1.2% | 14.9% | ||
| Q4 24 | -1.2% | 14.3% | ||
| Q3 24 | -9.7% | 18.0% | ||
| Q2 24 | -13.6% | 17.6% | ||
| Q1 24 | -8.1% | 14.8% |
净利率ESTCKAI
| Q4 25 | -12.1% | — | ||
| Q3 25 | -5.9% | 10.2% | ||
| Q2 25 | -4.2% | 10.2% | ||
| Q1 25 | -4.5% | 10.1% | ||
| Q4 24 | -7.0% | 9.3% | ||
| Q3 24 | -14.2% | 11.6% | ||
| Q2 24 | -12.3% | 11.4% | ||
| Q1 24 | 53.7% | 9.9% |
每股收益（稀释后）ESTCKAI
| Q4 25 | $-0.48 | — | ||
| Q3 25 | $-0.23 | $2.35 | ||
| Q2 25 | $-0.15 | $2.22 | ||
| Q1 25 | $-0.16 | $2.04 | ||
| Q4 24 | $-0.25 | $2.04 | ||
| Q3 24 | $-0.48 | $2.68 | ||
| Q2 24 | $-0.35 | $2.66 | ||
| Q1 24 | $1.69 | $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 | $1.4B | $124.5M |
| 总债务越低越好 | $570.3M | $254.6M |
| 股东权益账面价值 | $891.1M | $949.8M |
| 总资产 | $2.5B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资ESTCKAI
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.5B | $124.5M | ||
| Q2 25 | $1.4B | $95.3M | ||
| Q1 25 | $584.0M | $91.7M | ||
| Q4 24 | $658.5M | $94.7M | ||
| Q3 24 | $594.9M | $88.4M | ||
| Q2 24 | $1.1B | $73.8M | ||
| Q1 24 | $526.9M | $81.4M |
总债务ESTCKAI
| Q4 25 | $570.3M | — | ||
| Q3 25 | $570.0M | $254.6M | ||
| Q2 25 | $569.7M | $245.7M | ||
| Q1 25 | $569.4M | $273.5M | ||
| Q4 24 | $569.2M | $285.2M | ||
| Q3 24 | $568.9M | $323.2M | ||
| Q2 24 | $568.6M | $342.0M | ||
| Q1 24 | $568.3M | $306.8M |
股东权益ESTCKAI
| Q4 25 | $891.1M | — | ||
| Q3 25 | $971.4M | $949.8M | ||
| Q2 25 | $927.2M | $926.0M | ||
| Q1 25 | $859.1M | $876.0M | ||
| Q4 24 | $811.5M | $847.1M | ||
| Q3 24 | $759.4M | $851.7M | ||
| Q2 24 | $738.2M | $807.7M | ||
| Q1 24 | $707.8M | $782.7M |
总资产ESTCKAI
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.2B | $1.4B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.2B | $1.5B | ||
| Q1 24 | $2.1B | $1.4B |
负债/权益比ESTCKAI
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.59× | 0.27× | ||
| Q2 25 | 0.61× | 0.27× | ||
| Q1 25 | 0.66× | 0.31× | ||
| Q4 24 | 0.70× | 0.34× | ||
| Q3 24 | 0.75× | 0.38× | ||
| Q2 24 | 0.77× | 0.42× | ||
| Q1 24 | 0.80× | 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 | $26.6M | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $44.1M |
| 自由现金流率自由现金流/营收 | 6.1% | 16.2% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $302.3M | $145.9M |
8季度趋势，按日历期对齐
经营现金流ESTCKAI
| Q4 25 | $26.6M | — | ||
| Q3 25 | $104.8M | $47.3M | ||
| Q2 25 | $87.0M | $40.5M | ||
| Q1 25 | $88.1M | $22.8M | ||
| Q4 24 | $38.4M | $51.9M | ||
| Q3 24 | $52.8M | $52.5M | ||
| Q2 24 | $60.9M | $28.1M | ||
| Q1 24 | $52.4M | $22.8M |
自由现金流ESTCKAI
| Q4 25 | $26.0M | — | ||
| Q3 25 | $104.2M | $44.1M | ||
| Q2 25 | $84.9M | $36.5M | ||
| Q1 25 | $87.3M | $19.0M | ||
| Q4 24 | $37.7M | $46.3M | ||
| Q3 24 | $52.0M | $48.3M | ||
| Q2 24 | $60.1M | $23.1M | ||
| Q1 24 | $51.3M | $16.6M |
自由现金流率ESTCKAI
| Q4 25 | 6.1% | — | ||
| Q3 25 | 25.1% | 16.2% | ||
| Q2 25 | 21.8% | 14.3% | ||
| Q1 25 | 22.8% | 7.9% | ||
| Q4 24 | 10.3% | 17.9% | ||
| Q3 24 | 15.0% | 17.8% | ||
| Q2 24 | 17.9% | 8.4% | ||
| Q1 24 | 15.6% | 6.7% |
资本支出强度ESTCKAI
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.2% | 1.2% | ||
| Q2 25 | 0.5% | 1.6% | ||
| Q1 25 | 0.2% | 1.6% | ||
| Q4 24 | 0.2% | 2.2% | ||
| Q3 24 | 0.2% | 1.5% | ||
| Q2 24 | 0.3% | 1.8% | ||
| Q1 24 | 0.3% | 2.5% |
现金转化率ESTCKAI
| 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 | 0.30× | 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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
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% |
