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Hayward Holdings, Inc.（HAYW）与MIDDLEBY Corp（MIDD）财务数据对比。点击上方公司名可切换其他公司
MIDDLEBY Corp的季度营收约是Hayward Holdings, Inc.的2.8倍（$982.1M vs $349.4M）。Hayward Holdings, Inc.净利率更高（19.6% vs -52.2%，领先71.8%）。Hayward Holdings, Inc.同比增速更快（6.8% vs 4.2%）。MIDDLEBY Corp自由现金流更多（$156.1M vs $-35.8M）。过去两年Hayward Holdings, Inc.的营收复合增速更高（28.2% vs -1.3%）
海沃德控股前身为巴特利特-海沃德公司，是美国本土金属加工企业，总部位于马里兰州巴尔的摩，业务涵盖大型铸造、制造及工程建造板块。公司创立于19世纪30年代，1925年之前保持独立运营，1927年被科伯斯公司收购，之后长期作为其旗下事业部开展业务。
美国Middleby公司是总部位于伊利诺伊州埃尔金的上市企业，主营商用烹饪设备、工业加工设备及民用家电，其商用烹饪设备业务覆盖美国及全球前100家餐饮连锁品牌中的97家，是全球餐饮设备领域的领先供应商。
HAYW vs MIDD — 直观对比
营收规模更大
MIDD
是对方的2.8倍
$349.4M
营收增速更快
HAYW
高出2.6%
4.2%
净利率更高
HAYW
高出71.8%
-52.2%
自由现金流更多
MIDD
多$191.9M
$-35.8M
两年增速更快
HAYW
近两年复合增速
-1.3%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $349.4M | $982.1M |
| 净利润 | $68.4M | $-513.0M |
| 毛利率 | 40.7% | 36.8% |
| 营业利润率 | 25.0% | -56.4% |
| 净利率 | 19.6% | -52.2% |
| 营收同比 | 6.8% | 4.2% |
| 净利润同比 | 25.0% | -549.3% |
| 每股收益（稀释后） | $0.31 | $-10.15 |
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HAYWMIDD
| Q4 25 | $349.4M | — | ||
| Q3 25 | $244.3M | $982.1M | ||
| Q2 25 | $299.6M | $977.9M | ||
| Q1 25 | $228.8M | $906.6M | ||
| Q4 24 | $327.1M | $1.0B | ||
| Q3 24 | $227.6M | $942.8M | ||
| Q2 24 | $284.4M | $991.5M | ||
| Q1 24 | $212.6M | $926.9M |
净利润HAYWMIDD
| Q4 25 | $68.4M | — | ||
| Q3 25 | $24.0M | $-513.0M | ||
| Q2 25 | $44.8M | $106.0M | ||
| Q1 25 | $14.3M | $92.4M | ||
| Q4 24 | $54.7M | $112.3M | ||
| Q3 24 | $16.5M | $114.2M | ||
| Q2 24 | $37.6M | $115.4M | ||
| Q1 24 | $9.8M | $86.6M |
毛利率HAYWMIDD
| Q4 25 | 40.7% | — | ||
| Q3 25 | 51.2% | 36.8% | ||
| Q2 25 | 52.7% | 38.0% | ||
| Q1 25 | 49.5% | 38.2% | ||
| Q4 24 | 51.4% | 38.4% | ||
| Q3 24 | 49.7% | 37.7% | ||
| Q2 24 | 51.0% | 38.3% | ||
| Q1 24 | 49.2% | 37.4% |
营业利润率HAYWMIDD
| Q4 25 | 25.0% | — | ||
| Q3 25 | 16.8% | -56.4% | ||
| Q2 25 | 23.8% | 15.9% | ||
| Q1 25 | 14.6% | 15.5% | ||
| Q4 24 | 23.4% | 16.8% | ||
| Q3 24 | 14.7% | 18.4% | ||
| Q2 24 | 23.9% | 17.7% | ||
| Q1 24 | 14.5% | 14.8% |
净利率HAYWMIDD
| Q4 25 | 19.6% | — | ||
| Q3 25 | 9.8% | -52.2% | ||
| Q2 25 | 15.0% | 10.8% | ||
| Q1 25 | 6.3% | 10.2% | ||
| Q4 24 | 16.7% | 11.1% | ||
| Q3 24 | 7.3% | 12.1% | ||
| Q2 24 | 13.2% | 11.6% | ||
| Q1 24 | 4.6% | 9.3% |
每股收益（稀释后）HAYWMIDD
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.11 | $-10.15 | ||
| Q2 25 | $0.20 | $1.99 | ||
| Q1 25 | $0.06 | $1.69 | ||
| Q4 24 | $0.26 | $2.07 | ||
| Q3 24 | $0.07 | $2.11 | ||
| Q2 24 | $0.17 | $2.13 | ||
| Q1 24 | $0.04 | $1.59 |
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 | $399.1M | $175.1M |
| 总债务越低越好 | $943.5M | — |
| 股东权益账面价值 | $1.6B | $2.9B |
| 总资产 | $3.2B | $6.4B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资HAYWMIDD
| Q4 25 | $399.1M | — | ||
| Q3 25 | $448.3M | $175.1M | ||
| Q2 25 | $365.1M | $511.5M | ||
| Q1 25 | $181.3M | $745.1M | ||
| Q4 24 | $196.6M | $689.5M | ||
| Q3 24 | $274.2M | $606.0M | ||
| Q2 24 | $215.1M | $459.5M | ||
| Q1 24 | $115.9M | $341.0M |
总债务HAYWMIDD
| Q4 25 | $943.5M | — | ||
| Q3 25 | $947.7M | — | ||
| Q2 25 | $949.1M | — | ||
| Q1 25 | $950.4M | — | ||
| Q4 24 | $950.6M | $2.4B | ||
| Q3 24 | $959.9M | — | ||
| Q2 24 | $959.8M | — | ||
| Q1 24 | $1.1B | — |
股东权益HAYWMIDD
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | $2.9B | ||
| Q2 25 | $1.5B | $3.6B | ||
| Q1 25 | $1.4B | $3.7B | ||
| Q4 24 | $1.4B | $3.6B | ||
| Q3 24 | $1.4B | $3.6B | ||
| Q2 24 | $1.4B | $3.4B | ||
| Q1 24 | $1.3B | $3.3B |
总资产HAYWMIDD
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $6.4B | ||
| Q2 25 | $3.0B | $7.3B | ||
| Q1 25 | $3.0B | $7.4B | ||
| Q4 24 | $3.0B | $7.3B | ||
| Q3 24 | $2.9B | $7.2B | ||
| Q2 24 | $2.9B | $7.0B | ||
| Q1 24 | $2.9B | $6.9B |
负债/权益比HAYWMIDD
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.67× | 0.66× | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.82× | — |
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 | $-26.9M | $176.3M |
| 自由现金流经营现金流 - 资本支出 | $-35.8M | $156.1M |
| 自由现金流率自由现金流/营收 | -10.3% | 15.9% |
| 资本支出强度资本支出/营收 | 2.5% | 2.1% |
| 现金转化率经营现金流/净利润 | -0.39× | — |
| 过去12个月自由现金流最近4个季度 | $227.3M | $591.2M |
8季度趋势，按日历期对齐
经营现金流HAYWMIDD
| Q4 25 | $-26.9M | — | ||
| Q3 25 | $94.6M | $176.3M | ||
| Q2 25 | $194.2M | $122.0M | ||
| Q1 25 | $-5.8M | $141.1M | ||
| Q4 24 | $-63.7M | $239.7M | ||
| Q3 24 | $65.9M | $156.7M | ||
| Q2 24 | $287.0M | $149.5M | ||
| Q1 24 | $-77.2M | $140.9M |
自由现金流HAYWMIDD
| Q4 25 | $-35.8M | — | ||
| Q3 25 | $87.2M | $156.1M | ||
| Q2 25 | $187.3M | $101.1M | ||
| Q1 25 | $-11.4M | $107.4M | ||
| Q4 24 | $-70.4M | $226.6M | ||
| Q3 24 | $59.1M | $145.2M | ||
| Q2 24 | $282.3M | $138.6M | ||
| Q1 24 | $-83.1M | $127.2M |
自由现金流率HAYWMIDD
| Q4 25 | -10.3% | — | ||
| Q3 25 | 35.7% | 15.9% | ||
| Q2 25 | 62.5% | 10.3% | ||
| Q1 25 | -5.0% | 11.8% | ||
| Q4 24 | -21.5% | 22.3% | ||
| Q3 24 | 26.0% | 15.4% | ||
| Q2 24 | 99.3% | 14.0% | ||
| Q1 24 | -39.1% | 13.7% |
资本支出强度HAYWMIDD
| Q4 25 | 2.5% | — | ||
| Q3 25 | 3.0% | 2.1% | ||
| Q2 25 | 2.3% | 2.1% | ||
| Q1 25 | 2.4% | 3.7% | ||
| Q4 24 | 2.1% | 1.3% | ||
| Q3 24 | 3.0% | 1.2% | ||
| Q2 24 | 1.7% | 1.1% | ||
| Q1 24 | 2.8% | 1.5% |
现金转化率HAYWMIDD
| Q4 25 | -0.39× | — | ||
| Q3 25 | 3.94× | — | ||
| Q2 25 | 4.34× | 1.15× | ||
| Q1 25 | -0.41× | 1.53× | ||
| Q4 24 | -1.16× | 2.13× | ||
| Q3 24 | 4.00× | 1.37× | ||
| Q2 24 | 7.64× | 1.30× | ||
| Q1 24 | -7.85× | 1.63× |
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
HAYW
暂无分部数据
MIDD
| Commercial Foodservice Equipment Group | $433.7M | 44% |
| Other | $316.8M | 32% |
| Food Processing Group | $120.8M | 12% |
| Residential Kitchen | $110.8M | 11% |
