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IBEX Ltd（IBEX）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IBEX Ltd的1.7倍（$271.6M vs $164.2M），KADANT INC净利率更高（10.2% vs 7.4%，领先2.8%），IBEX Ltd同比增速更快（16.7% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $-5.1M），过去两年IBEX Ltd的营收复合增速更高（13.8% vs 6.7%）
IBEX 35是西班牙主要交易所马德里证券交易所的基准股票指数，该指数始创于1992年，由西班牙证券市场集团BME旗下的交易所公司负责计算与管理。它以市值加权编制，涵盖马德里证券交易所流动性最高的35只西班牙股票，每年进行两次成分股调整。
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。
IBEX vs KAI — 直观对比
营收规模更大
KAI
是对方的1.7倍
$164.2M
营收增速更快
IBEX
高出16.7%
-0.0%
净利率更高
KAI
高出2.8%
7.4%
自由现金流更多
KAI
多$49.1M
$-5.1M
两年增速更快
IBEX
近两年复合增速
6.7%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $164.2M | $271.6M |
| 净利润 | $12.2M | $27.7M |
| 毛利率 | — | 45.2% |
| 营业利润率 | 9.3% | 15.7% |
| 净利率 | 7.4% | 10.2% |
| 营收同比 | 16.7% | -0.0% |
| 净利润同比 | 31.8% | -12.2% |
| 每股收益（稀释后） | $0.83 | $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IBEXKAI
| Q4 25 | $164.2M | — | ||
| Q3 25 | $151.2M | $271.6M | ||
| Q2 25 | $147.1M | $255.3M | ||
| Q1 25 | $140.7M | $239.2M | ||
| Q4 24 | $140.7M | $258.0M | ||
| Q3 24 | $129.7M | $271.6M | ||
| Q2 24 | $124.5M | $274.8M | ||
| Q1 24 | $126.8M | $249.0M |
净利润IBEXKAI
| Q4 25 | $12.2M | — | ||
| Q3 25 | $12.0M | $27.7M | ||
| Q2 25 | $9.6M | $26.2M | ||
| Q1 25 | $10.5M | $24.1M | ||
| Q4 24 | $9.3M | $24.0M | ||
| Q3 24 | $7.5M | $31.6M | ||
| Q2 24 | $9.8M | $31.3M | ||
| Q1 24 | $10.3M | $24.7M |
毛利率IBEXKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 45.2% | ||
| Q2 25 | — | 45.9% | ||
| Q1 25 | — | 46.1% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.4% | ||
| Q1 24 | — | 44.6% |
营业利润率IBEXKAI
| Q4 25 | 9.3% | — | ||
| Q3 25 | 9.1% | 15.7% | ||
| Q2 25 | 8.3% | 15.4% | ||
| Q1 25 | 9.5% | 14.9% | ||
| Q4 24 | 8.5% | 14.3% | ||
| Q3 24 | 7.0% | 18.0% | ||
| Q2 24 | 10.3% | 17.6% | ||
| Q1 24 | 8.9% | 14.8% |
净利率IBEXKAI
| Q4 25 | 7.4% | — | ||
| Q3 25 | 8.0% | 10.2% | ||
| Q2 25 | 6.5% | 10.2% | ||
| Q1 25 | 7.4% | 10.1% | ||
| Q4 24 | 6.6% | 9.3% | ||
| Q3 24 | 5.8% | 11.6% | ||
| Q2 24 | 7.9% | 11.4% | ||
| Q1 24 | 8.1% | 9.9% |
每股收益（稀释后）IBEXKAI
| Q4 25 | $0.83 | — | ||
| Q3 25 | $0.82 | $2.35 | ||
| Q2 25 | $0.63 | $2.22 | ||
| Q1 25 | $0.73 | $2.04 | ||
| Q4 24 | $0.57 | $2.04 | ||
| Q3 24 | $0.43 | $2.68 | ||
| Q2 24 | $0.55 | $2.66 | ||
| Q1 24 | $0.57 | $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 | $15.5M | $124.5M |
| 总债务越低越好 | $594.0K | $254.6M |
| 股东权益账面价值 | $154.5M | $949.8M |
| 总资产 | $295.8M | $1.5B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资IBEXKAI
| Q4 25 | $15.5M | — | ||
| Q3 25 | $22.7M | $124.5M | ||
| Q2 25 | $15.3M | $95.3M | ||
| Q1 25 | $13.0M | $91.7M | ||
| Q4 24 | $20.2M | $94.7M | ||
| Q3 24 | $62.3M | $88.4M | ||
| Q2 24 | $62.7M | $73.8M | ||
| Q1 24 | $50.7M | $81.4M |
总债务IBEXKAI
| Q4 25 | $594.0K | — | ||
| Q3 25 | $726.0K | $254.6M | ||
| Q2 25 | $796.0K | $245.7M | ||
| Q1 25 | $735.0K | $273.5M | ||
| Q4 24 | $695.0K | $285.2M | ||
| Q3 24 | $802.0K | $323.2M | ||
| Q2 24 | $867.0K | $342.0M | ||
| Q1 24 | $820.0K | $306.8M |
股东权益IBEXKAI
| Q4 25 | $154.5M | — | ||
| Q3 25 | $143.6M | $949.8M | ||
| Q2 25 | $134.3M | $926.0M | ||
| Q1 25 | $124.2M | $876.0M | ||
| Q4 24 | $108.9M | $847.1M | ||
| Q3 24 | $171.1M | $851.7M | ||
| Q2 24 | $165.8M | $807.7M | ||
| Q1 24 | $159.3M | $782.7M |
总资产IBEXKAI
| Q4 25 | $295.8M | — | ||
| Q3 25 | $283.9M | $1.5B | ||
| Q2 25 | $273.2M | $1.5B | ||
| Q1 25 | $274.7M | $1.4B | ||
| Q4 24 | $272.5M | $1.4B | ||
| Q3 24 | $306.3M | $1.5B | ||
| Q2 24 | $293.9M | $1.5B | ||
| Q1 24 | $289.6M | $1.4B |
负债/权益比IBEXKAI
| Q4 25 | 0.00× | — | ||
| 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 | 0.00× | 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 | $6.6M | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $-5.1M | $44.1M |
| 自由现金流率自由现金流/营收 | -3.1% | 16.2% |
| 资本支出强度资本支出/营收 | 7.1% | 1.2% |
| 现金转化率经营现金流/净利润 | 0.54× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $29.3M | $145.9M |
8季度趋势，按日历期对齐
经营现金流IBEXKAI
| Q4 25 | $6.6M | — | ||
| Q3 25 | $15.7M | $47.3M | ||
| Q2 25 | $27.9M | $40.5M | ||
| Q1 25 | $8.8M | $22.8M | ||
| Q4 24 | $1.1M | $51.9M | ||
| Q3 24 | $7.8M | $52.5M | ||
| Q2 24 | $17.4M | $28.1M | ||
| Q1 24 | $11.4M | $22.8M |
自由现金流IBEXKAI
| Q4 25 | $-5.1M | — | ||
| Q3 25 | $8.0M | $44.1M | ||
| Q2 25 | $22.8M | $36.5M | ||
| Q1 25 | $3.6M | $19.0M | ||
| Q4 24 | $-3.2M | $46.3M | ||
| Q3 24 | $4.1M | $48.3M | ||
| Q2 24 | $15.2M | $23.1M | ||
| Q1 24 | $9.7M | $16.6M |
自由现金流率IBEXKAI
| Q4 25 | -3.1% | — | ||
| Q3 25 | 5.3% | 16.2% | ||
| Q2 25 | 15.5% | 14.3% | ||
| Q1 25 | 2.5% | 7.9% | ||
| Q4 24 | -2.3% | 17.9% | ||
| Q3 24 | 3.2% | 17.8% | ||
| Q2 24 | 12.2% | 8.4% | ||
| Q1 24 | 7.7% | 6.7% |
资本支出强度IBEXKAI
| Q4 25 | 7.1% | — | ||
| Q3 25 | 5.1% | 1.2% | ||
| Q2 25 | 3.5% | 1.6% | ||
| Q1 25 | 3.7% | 1.6% | ||
| Q4 24 | 3.1% | 2.2% | ||
| Q3 24 | 2.8% | 1.5% | ||
| Q2 24 | 1.8% | 1.8% | ||
| Q1 24 | 1.3% | 2.5% |
现金转化率IBEXKAI
| Q4 25 | 0.54× | — | ||
| Q3 25 | 1.30× | 1.70× | ||
| Q2 25 | 2.91× | 1.55× | ||
| Q1 25 | 0.84× | 0.95× | ||
| Q4 24 | 0.12× | 2.16× | ||
| Q3 24 | 1.03× | 1.66× | ||
| Q2 24 | 1.77× | 0.90× | ||
| Q1 24 | 1.11× | 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
IBEX
| Transferred Over Time | $147.1M | 90% |
| Transferred At Point In Time | $17.1M | 10% |
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% |
