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铱星通信（IRDM）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的季度营收约是铱星通信的1.2倍（$271.6M vs $219.1M），KADANT INC净利率更高（10.2% vs 9.9%，领先0.4%），铱星通信同比增速更快（1.9% vs -0.0%），过去两年KADANT INC的营收复合增速更高（6.7% vs 4.4%）
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
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。
IRDM vs KAI — 直观对比
营收规模更大
KAI
是对方的1.2倍
$219.1M
营收增速更快
IRDM
高出2.0%
-0.0%
净利率更高
KAI
高出0.4%
9.9%
两年增速更快
KAI
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $271.6M |
| 净利润 | $21.6M | $27.7M |
| 毛利率 | — | 45.2% |
| 营业利润率 | 23.2% | 15.7% |
| 净利率 | 9.9% | 10.2% |
| 营收同比 | 1.9% | -0.0% |
| 净利润同比 | — | -12.2% |
| 每股收益（稀释后） | — | $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IRDMKAI
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | — | ||
| Q3 25 | $226.9M | $271.6M | ||
| Q2 25 | $216.9M | $255.3M | ||
| Q1 25 | $214.9M | $239.2M | ||
| Q4 24 | $213.0M | $258.0M | ||
| Q3 24 | $212.8M | $271.6M | ||
| Q2 24 | $201.1M | $274.8M |
净利润IRDMKAI
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | — | ||
| Q3 25 | $37.1M | $27.7M | ||
| Q2 25 | $22.0M | $26.2M | ||
| Q1 25 | $30.4M | $24.1M | ||
| Q4 24 | $36.3M | $24.0M | ||
| Q3 24 | $24.4M | $31.6M | ||
| Q2 24 | $32.3M | $31.3M |
毛利率IRDMKAI
| Q1 26 | — | — | ||
| 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% |
营业利润率IRDMKAI
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | — | ||
| Q3 25 | 30.9% | 15.7% | ||
| Q2 25 | 23.2% | 15.4% | ||
| Q1 25 | 28.1% | 14.9% | ||
| Q4 24 | 24.5% | 14.3% | ||
| Q3 24 | 25.8% | 18.0% | ||
| Q2 24 | 21.7% | 17.6% |
净利率IRDMKAI
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 16.4% | 10.2% | ||
| Q2 25 | 10.1% | 10.2% | ||
| Q1 25 | 14.2% | 10.1% | ||
| Q4 24 | 17.1% | 9.3% | ||
| Q3 24 | 11.5% | 11.6% | ||
| Q2 24 | 16.1% | 11.4% |
每股收益（稀释后）IRDMKAI
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.35 | $2.35 | ||
| Q2 25 | $0.20 | $2.22 | ||
| Q1 25 | $0.27 | $2.04 | ||
| Q4 24 | $0.30 | $2.04 | ||
| Q3 24 | $0.21 | $2.68 | ||
| Q2 24 | $0.27 | $2.66 |
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 | — | $124.5M |
| 总债务越低越好 | — | $254.6M |
| 股东权益账面价值 | — | $949.8M |
| 总资产 | — | $1.5B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资IRDMKAI
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | — | ||
| Q3 25 | $88.5M | $124.5M | ||
| Q2 25 | $79.3M | $95.3M | ||
| Q1 25 | $50.9M | $91.7M | ||
| Q4 24 | $93.5M | $94.7M | ||
| Q3 24 | $159.6M | $88.4M | ||
| Q2 24 | $63.5M | $73.8M |
总债务IRDMKAI
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | $254.6M | ||
| Q2 25 | — | $245.7M | ||
| Q1 25 | — | $273.5M | ||
| Q4 24 | $1.8B | $285.2M | ||
| Q3 24 | — | $323.2M | ||
| Q2 24 | — | $342.0M |
股东权益IRDMKAI
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | — | ||
| Q3 25 | $450.5M | $949.8M | ||
| Q2 25 | $473.6M | $926.0M | ||
| Q1 25 | $518.4M | $876.0M | ||
| Q4 24 | $576.6M | $847.1M | ||
| Q3 24 | $663.8M | $851.7M | ||
| Q2 24 | $786.7M | $807.7M |
总资产IRDMKAI
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.7B | $1.4B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.7B | $1.5B |
负债/权益比IRDMKAI
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | 3.05× | 0.34× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.42× |
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 | — | $47.3M |
| 自由现金流经营现金流 - 资本支出 | — | $44.1M |
| 自由现金流率自由现金流/营收 | — | 16.2% |
| 资本支出强度资本支出/营收 | 13.7% | 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 | — | $145.9M |
8季度趋势，按日历期对齐
经营现金流IRDMKAI
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | — | ||
| Q3 25 | $100.8M | $47.3M | ||
| Q2 25 | $129.6M | $40.5M | ||
| Q1 25 | $61.1M | $22.8M | ||
| Q4 24 | $104.8M | $51.9M | ||
| Q3 24 | $118.6M | $52.5M | ||
| Q2 24 | $81.1M | $28.1M |
自由现金流IRDMKAI
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | — | ||
| Q3 25 | $79.2M | $44.1M | ||
| Q2 25 | $108.9M | $36.5M | ||
| Q1 25 | $36.5M | $19.0M | ||
| Q4 24 | $80.5M | $46.3M | ||
| Q3 24 | $100.0M | $48.3M | ||
| Q2 24 | $68.7M | $23.1M |
自由现金流率IRDMKAI
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | — | ||
| Q3 25 | 34.9% | 16.2% | ||
| Q2 25 | 50.2% | 14.3% | ||
| Q1 25 | 17.0% | 7.9% | ||
| Q4 24 | 37.8% | 17.9% | ||
| Q3 24 | 47.0% | 17.8% | ||
| Q2 24 | 34.2% | 8.4% |
资本支出强度IRDMKAI
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | 9.5% | 1.2% | ||
| Q2 25 | 9.5% | 1.6% | ||
| Q1 25 | 11.4% | 1.6% | ||
| Q4 24 | 11.4% | 2.2% | ||
| Q3 24 | 8.7% | 1.5% | ||
| Q2 24 | 6.2% | 1.8% |
现金转化率IRDMKAI
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | 1.70× | ||
| Q2 25 | 5.90× | 1.55× | ||
| Q1 25 | 2.01× | 0.95× | ||
| Q4 24 | 2.88× | 2.16× | ||
| Q3 24 | 4.85× | 1.66× | ||
| Q2 24 | 2.51× | 0.90× |
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
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
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% |
