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KADANT INC（KAI）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是KADANT INC的1.7倍（$463.1M vs $271.6M），Mativ Holdings, Inc.净利率更高（21.8% vs 10.2%，领先11.6%），Mativ Holdings, Inc.同比增速更快（1.0% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $8.0M），过去两年KADANT INC的营收复合增速更高（6.7% vs -3.8%）
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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
KAI vs MATV — 直观对比
营收规模更大
MATV
是对方的1.7倍
$271.6M
营收增速更快
MATV
高出1.0%
-0.0%
净利率更高
MATV
高出11.6%
10.2%
自由现金流更多
KAI
多$36.1M
$8.0M
两年增速更快
KAI
近两年复合增速
-3.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $463.1M |
| 净利润 | $27.7M | $100.8M |
| 毛利率 | 45.2% | 18.8% |
| 营业利润率 | 15.7% | 2.2% |
| 净利率 | 10.2% | 21.8% |
| 营收同比 | -0.0% | 1.0% |
| 净利润同比 | -12.2% | 6620.0% |
| 每股收益（稀释后） | $2.35 | $1.87 |
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KAIMATV
| Q4 25 | — | $463.1M | ||
| Q3 25 | $271.6M | $513.7M | ||
| Q2 25 | $255.3M | $525.4M | ||
| Q1 25 | $239.2M | $484.8M | ||
| Q4 24 | $258.0M | $458.6M | ||
| Q3 24 | $271.6M | $498.5M | ||
| Q2 24 | $274.8M | $523.8M | ||
| Q1 24 | $249.0M | $500.2M |
净利润KAIMATV
| Q4 25 | — | $100.8M | ||
| Q3 25 | $27.7M | $-3.2M | ||
| Q2 25 | $26.2M | $-9.5M | ||
| Q1 25 | $24.1M | $-425.5M | ||
| Q4 24 | $24.0M | $1.5M | ||
| Q3 24 | $31.6M | $-20.8M | ||
| Q2 24 | $31.3M | $-1.4M | ||
| Q1 24 | $24.7M | $-28.0M |
毛利率KAIMATV
| Q4 25 | — | 18.8% | ||
| Q3 25 | 45.2% | 19.3% | ||
| Q2 25 | 45.9% | 19.7% | ||
| Q1 25 | 46.1% | 15.0% | ||
| Q4 24 | 43.4% | 16.9% | ||
| Q3 24 | 44.7% | 18.8% | ||
| Q2 24 | 44.4% | 20.8% | ||
| Q1 24 | 44.6% | 16.8% |
营业利润率KAIMATV
| Q4 25 | — | 2.2% | ||
| Q3 25 | 15.7% | 3.1% | ||
| Q2 25 | 15.4% | 3.8% | ||
| Q1 25 | 14.9% | -88.8% | ||
| Q4 24 | 14.3% | 0.6% | ||
| Q3 24 | 18.0% | 1.4% | ||
| Q2 24 | 17.6% | 2.0% | ||
| Q1 24 | 14.8% | -2.8% |
净利率KAIMATV
| Q4 25 | — | 21.8% | ||
| Q3 25 | 10.2% | -0.6% | ||
| Q2 25 | 10.2% | -1.8% | ||
| Q1 25 | 10.1% | -87.8% | ||
| Q4 24 | 9.3% | 0.3% | ||
| Q3 24 | 11.6% | -4.2% | ||
| Q2 24 | 11.4% | -0.3% | ||
| Q1 24 | 9.9% | -5.6% |
每股收益（稀释后）KAIMATV
| Q4 25 | — | $1.87 | ||
| Q3 25 | $2.35 | $-0.06 | ||
| Q2 25 | $2.22 | $-0.18 | ||
| Q1 25 | $2.04 | $-7.82 | ||
| Q4 24 | $2.04 | $0.03 | ||
| Q3 24 | $2.68 | $-0.38 | ||
| Q2 24 | $2.66 | $-0.03 | ||
| Q1 24 | $2.10 | $-0.52 |
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 | $84.2M |
| 总债务越低越好 | $254.6M | $1.0B |
| 股东权益账面价值 | $949.8M | $498.7M |
| 总资产 | $1.5B | $2.1B |
| 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KAIMATV
| Q4 25 | — | $84.2M | ||
| Q3 25 | $124.5M | $97.1M | ||
| Q2 25 | $95.3M | $95.6M | ||
| Q1 25 | $91.7M | $84.0M | ||
| Q4 24 | $94.7M | $94.3M | ||
| Q3 24 | $88.4M | $162.2M | ||
| Q2 24 | $73.8M | $133.4M | ||
| Q1 24 | $81.4M | $128.9M |
总债务KAIMATV
| Q4 25 | — | $1.0B | ||
| Q3 25 | $254.6M | $1.0B | ||
| Q2 25 | $245.7M | $1.1B | ||
| Q1 25 | $273.5M | $1.1B | ||
| Q4 24 | $285.2M | $1.1B | ||
| Q3 24 | $323.2M | $1.2B | ||
| Q2 24 | $342.0M | $1.2B | ||
| Q1 24 | $306.8M | $1.2B |
股东权益KAIMATV
| Q4 25 | — | $498.7M | ||
| Q3 25 | $949.8M | $397.4M | ||
| Q2 25 | $926.0M | $416.6M | ||
| Q1 25 | $876.0M | $428.2M | ||
| Q4 24 | $847.1M | $858.5M | ||
| Q3 24 | $851.7M | $882.3M | ||
| Q2 24 | $807.7M | $898.0M | ||
| Q1 24 | $782.7M | $906.9M |
总资产KAIMATV
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.5B | $2.6B | ||
| Q2 24 | $1.5B | $2.6B | ||
| Q1 24 | $1.4B | $2.7B |
负债/权益比KAIMATV
| Q4 25 | — | 2.07× | ||
| Q3 25 | 0.27× | 2.63× | ||
| Q2 25 | 0.27× | 2.66× | ||
| Q1 25 | 0.31× | 2.67× | ||
| Q4 24 | 0.34× | 1.30× | ||
| Q3 24 | 0.38× | 1.32× | ||
| Q2 24 | 0.42× | 1.29× | ||
| Q1 24 | 0.39× | 1.30× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $8.0M |
| 自由现金流率自由现金流/营收 | 16.2% | 1.7% |
| 资本支出强度资本支出/营收 | 1.2% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.70× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $145.9M | $93.8M |
8季度趋势，按日历期对齐
经营现金流KAIMATV
| Q4 25 | — | $19.3M | ||
| Q3 25 | $47.3M | $72.8M | ||
| Q2 25 | $40.5M | $57.6M | ||
| Q1 25 | $22.8M | $-15.9M | ||
| Q4 24 | $51.9M | $24.1M | ||
| Q3 24 | $52.5M | $37.6M | ||
| Q2 24 | $28.1M | $46.1M | ||
| Q1 24 | $22.8M | $-13.0M |
自由现金流KAIMATV
| Q4 25 | — | $8.0M | ||
| Q3 25 | $44.1M | $66.7M | ||
| Q2 25 | $36.5M | $48.9M | ||
| Q1 25 | $19.0M | $-29.8M | ||
| Q4 24 | $46.3M | $2.0M | ||
| Q3 24 | $48.3M | $25.5M | ||
| Q2 24 | $23.1M | $37.4M | ||
| Q1 24 | $16.6M | $-25.1M |
自由现金流率KAIMATV
| Q4 25 | — | 1.7% | ||
| Q3 25 | 16.2% | 13.0% | ||
| Q2 25 | 14.3% | 9.3% | ||
| Q1 25 | 7.9% | -6.1% | ||
| Q4 24 | 17.9% | 0.4% | ||
| Q3 24 | 17.8% | 5.1% | ||
| Q2 24 | 8.4% | 7.1% | ||
| Q1 24 | 6.7% | -5.0% |
资本支出强度KAIMATV
| Q4 25 | — | 2.4% | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | 1.6% | 1.7% | ||
| Q1 25 | 1.6% | 2.9% | ||
| Q4 24 | 2.2% | 4.8% | ||
| Q3 24 | 1.5% | 2.4% | ||
| Q2 24 | 1.8% | 1.7% | ||
| Q1 24 | 2.5% | 2.4% |
现金转化率KAIMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.55× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 2.16× | 16.07× | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 0.90× | — | ||
| 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% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
