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KADANT INC（KAI）与MACERICH CO（MAC）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MACERICH CO的1.0倍（$271.6M vs $261.7M），KADANT INC净利率更高（10.2% vs -7.2%，领先17.4%），KADANT INC同比增速更快（-0.0% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 6.7%）
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。
Macerich是一家专注于购物中心投资的房地产投资信托基金，为美国第三大购物中心持有及运营商。截至2024年12月31日，公司共持有43处物业的权益，可租赁总面积达4300万平方英尺，公司名称由创始人Mace Siegel与Richard Cohen的名字组合而来。
KAI vs MAC — 直观对比
营收规模更大
KAI
是对方的1.0倍
$261.7M
营收增速更快
KAI
高出4.4%
-4.4%
净利率更高
KAI
高出17.4%
-7.2%
两年增速更快
MAC
近两年复合增速
6.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $261.7M |
| 净利润 | $27.7M | $-18.8M |
| 毛利率 | 45.2% | — |
| 营业利润率 | 15.7% | — |
| 净利率 | 10.2% | -7.2% |
| 营收同比 | -0.0% | -4.4% |
| 净利润同比 | -12.2% | 91.1% |
| 每股收益（稀释后） | $2.35 | $-0.08 |
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KAIMAC
| Q4 25 | — | $261.7M | ||
| Q3 25 | $271.6M | $253.3M | ||
| Q2 25 | $255.3M | $249.8M | ||
| Q1 25 | $239.2M | $249.2M | ||
| Q4 24 | $258.0M | $273.7M | ||
| Q3 24 | $271.6M | $220.2M | ||
| Q2 24 | $274.8M | $215.5M | ||
| Q1 24 | $249.0M | $208.8M |
净利润KAIMAC
| Q4 25 | — | $-18.8M | ||
| Q3 25 | $27.7M | $-87.4M | ||
| Q2 25 | $26.2M | $-40.9M | ||
| Q1 25 | $24.1M | $-50.1M | ||
| Q4 24 | $24.0M | $-211.2M | ||
| Q3 24 | $31.6M | $-108.2M | ||
| Q2 24 | $31.3M | $252.0M | ||
| Q1 24 | $24.7M | $-126.7M |
毛利率KAIMAC
| 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KAIMAC
| Q4 25 | — | — | ||
| Q3 25 | 15.7% | — | ||
| Q2 25 | 15.4% | — | ||
| Q1 25 | 14.9% | — | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 17.6% | — | ||
| Q1 24 | 14.8% | — |
净利率KAIMAC
| Q4 25 | — | -7.2% | ||
| Q3 25 | 10.2% | -34.5% | ||
| Q2 25 | 10.2% | -16.4% | ||
| Q1 25 | 10.1% | -20.1% | ||
| Q4 24 | 9.3% | -77.2% | ||
| Q3 24 | 11.6% | -49.1% | ||
| Q2 24 | 11.4% | 116.9% | ||
| Q1 24 | 9.9% | -60.7% |
每股收益（稀释后）KAIMAC
| Q4 25 | — | $-0.08 | ||
| Q3 25 | $2.35 | $-0.34 | ||
| Q2 25 | $2.22 | $-0.16 | ||
| Q1 25 | $2.04 | $-0.20 | ||
| Q4 24 | $2.04 | $-0.95 | ||
| Q3 24 | $2.68 | $-0.50 | ||
| Q2 24 | $2.66 | $1.16 | ||
| Q1 24 | $2.10 | $-0.59 |
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 | $124.5M | $280.2M |
| 总债务越低越好 | $254.6M | $5.1B |
| 股东权益账面价值 | $949.8M | $2.4B |
| 总资产 | $1.5B | $8.4B |
| 负债/权益比越低杠杆越低 | 0.27× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资KAIMAC
| Q4 25 | — | $280.2M | ||
| Q3 25 | $124.5M | $290.2M | ||
| Q2 25 | $95.3M | $131.1M | ||
| Q1 25 | $91.7M | $253.2M | ||
| Q4 24 | $94.7M | $89.9M | ||
| Q3 24 | $88.4M | $116.5M | ||
| Q2 24 | $73.8M | $70.7M | ||
| Q1 24 | $81.4M | $120.1M |
总债务KAIMAC
| Q4 25 | — | $5.1B | ||
| Q3 25 | $254.6M | $5.1B | ||
| Q2 25 | $245.7M | $5.2B | ||
| Q1 25 | $273.5M | $5.2B | ||
| Q4 24 | $285.2M | $4.9B | ||
| Q3 24 | $323.2M | $4.3B | ||
| Q2 24 | $342.0M | $4.4B | ||
| Q1 24 | $306.8M | $4.1B |
股东权益KAIMAC
| Q4 25 | — | $2.4B | ||
| Q3 25 | $949.8M | $2.5B | ||
| Q2 25 | $926.0M | $2.6B | ||
| Q1 25 | $876.0M | $2.7B | ||
| Q4 24 | $847.1M | $2.8B | ||
| Q3 24 | $851.7M | $2.5B | ||
| Q2 24 | $807.7M | $2.5B | ||
| Q1 24 | $782.7M | $2.3B |
总资产KAIMAC
| Q4 25 | — | $8.4B | ||
| Q3 25 | $1.5B | $8.4B | ||
| Q2 25 | $1.5B | $8.7B | ||
| Q1 25 | $1.4B | $8.7B | ||
| Q4 24 | $1.4B | $8.6B | ||
| Q3 24 | $1.5B | $7.6B | ||
| Q2 24 | $1.5B | $7.8B | ||
| Q1 24 | $1.4B | $7.4B |
负债/权益比KAIMAC
| Q4 25 | — | 2.07× | ||
| Q3 25 | 0.27× | 2.02× | ||
| Q2 25 | 0.27× | 2.02× | ||
| Q1 25 | 0.31× | 1.96× | ||
| Q4 24 | 0.34× | 1.78× | ||
| Q3 24 | 0.38× | 1.73× | ||
| Q2 24 | 0.42× | 1.75× | ||
| Q1 24 | 0.39× | 1.79× |
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 | $50.2M |
| 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 | 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KAIMAC
| Q4 25 | — | $50.2M | ||
| Q3 25 | $47.3M | $112.4M | ||
| Q2 25 | $40.5M | $70.5M | ||
| Q1 25 | $22.8M | $88.5M | ||
| Q4 24 | $51.9M | $54.9M | ||
| Q3 24 | $52.5M | $100.0M | ||
| Q2 24 | $28.1M | $67.4M | ||
| Q1 24 | $22.8M | $61.1M |
自由现金流KAIMAC
| Q4 25 | — | — | ||
| Q3 25 | $44.1M | — | ||
| Q2 25 | $36.5M | — | ||
| Q1 25 | $19.0M | — | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $48.3M | — | ||
| Q2 24 | $23.1M | — | ||
| Q1 24 | $16.6M | — |
自由现金流率KAIMAC
| Q4 25 | — | — | ||
| Q3 25 | 16.2% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 8.4% | — | ||
| Q1 24 | 6.7% | — |
资本支出强度KAIMAC
| Q4 25 | — | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 2.5% | — |
现金转化率KAIMAC
| 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× | 0.27× | ||
| Q1 24 | 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
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% |
MAC
暂无分部数据
