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KADANT INC（KAI）与MARCUS CORP（MCS）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MARCUS CORP的1.4倍（$271.6M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% 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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
KAI vs MCS — 直观对比
营收规模更大
KAI
是对方的1.4倍
$193.5M
营收增速更快
MCS
高出2.8%
-0.0%
自由现金流更多
KAI
多$17.7M
$26.4M
两年增速更快
MCS
近两年复合增速
6.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $193.5M |
| 净利润 | $27.7M | — |
| 毛利率 | 45.2% | — |
| 营业利润率 | 15.7% | 0.9% |
| 净利率 | 10.2% | — |
| 营收同比 | -0.0% | 2.8% |
| 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KAIMCS
| Q4 25 | — | $193.5M | ||
| Q3 25 | $271.6M | $210.2M | ||
| Q2 25 | $255.3M | $206.0M | ||
| Q1 25 | $239.2M | $148.8M | ||
| Q4 24 | $258.0M | $188.3M | ||
| Q3 24 | $271.6M | $232.7M | ||
| Q2 24 | $274.8M | $176.0M | ||
| Q1 24 | $249.0M | $138.5M |
净利润KAIMCS
| Q4 25 | — | — | ||
| Q3 25 | $27.7M | $16.2M | ||
| Q2 25 | $26.2M | $7.3M | ||
| Q1 25 | $24.1M | $-16.8M | ||
| Q4 24 | $24.0M | $986.0K | ||
| Q3 24 | $31.6M | $23.3M | ||
| Q2 24 | $31.3M | $-20.2M | ||
| Q1 24 | $24.7M | $-11.9M |
毛利率KAIMCS
| 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KAIMCS
| Q4 25 | — | 0.9% | ||
| Q3 25 | 15.7% | 10.8% | ||
| Q2 25 | 15.4% | 6.3% | ||
| Q1 25 | 14.9% | -13.7% | ||
| Q4 24 | 14.3% | -1.2% | ||
| Q3 24 | 18.0% | 14.1% | ||
| Q2 24 | 17.6% | 1.3% | ||
| Q1 24 | 14.8% | -12.0% |
净利率KAIMCS
| Q4 25 | — | — | ||
| Q3 25 | 10.2% | 7.7% | ||
| Q2 25 | 10.2% | 3.6% | ||
| Q1 25 | 10.1% | -11.3% | ||
| Q4 24 | 9.3% | 0.5% | ||
| Q3 24 | 11.6% | 10.0% | ||
| Q2 24 | 11.4% | -11.5% | ||
| Q1 24 | 9.9% | -8.6% |
每股收益（稀释后）KAIMCS
| Q4 25 | — | — | ||
| Q3 25 | $2.35 | — | ||
| Q2 25 | $2.22 | — | ||
| Q1 25 | $2.04 | — | ||
| Q4 24 | $2.04 | — | ||
| Q3 24 | $2.68 | — | ||
| Q2 24 | $2.66 | — | ||
| Q1 24 | $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 | $124.5M | $23.4M |
| 总债务越低越好 | $254.6M | $159.0M |
| 股东权益账面价值 | $949.8M | $457.4M |
| 总资产 | $1.5B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资KAIMCS
| Q4 25 | — | $23.4M | ||
| Q3 25 | $124.5M | $7.4M | ||
| Q2 25 | $95.3M | $14.9M | ||
| Q1 25 | $91.7M | $11.9M | ||
| Q4 24 | $94.7M | $40.8M | ||
| Q3 24 | $88.4M | $28.4M | ||
| Q2 24 | $73.8M | $32.8M | ||
| Q1 24 | $81.4M | $17.3M |
总债务KAIMCS
| Q4 25 | — | $159.0M | ||
| Q3 25 | $254.6M | $162.0M | ||
| Q2 25 | $245.7M | $179.9M | ||
| Q1 25 | $273.5M | $198.9M | ||
| Q4 24 | $285.2M | $159.1M | ||
| Q3 24 | $323.2M | $173.1M | ||
| Q2 24 | $342.0M | $175.7M | ||
| Q1 24 | $306.8M | $169.8M |
股东权益KAIMCS
| Q4 25 | — | $457.4M | ||
| Q3 25 | $949.8M | $454.3M | ||
| Q2 25 | $926.0M | $448.4M | ||
| Q1 25 | $876.0M | $441.8M | ||
| Q4 24 | $847.1M | $464.9M | ||
| Q3 24 | $851.7M | $462.3M | ||
| Q2 24 | $807.7M | $449.4M | ||
| Q1 24 | $782.7M | $459.3M |
总资产KAIMCS
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $1.0B |
负债/权益比KAIMCS
| Q4 25 | — | 0.35× | ||
| Q3 25 | 0.27× | 0.36× | ||
| Q2 25 | 0.27× | 0.40× | ||
| Q1 25 | 0.31× | 0.45× | ||
| Q4 24 | 0.34× | 0.34× | ||
| Q3 24 | 0.38× | 0.37× | ||
| Q2 24 | 0.42× | 0.39× | ||
| Q1 24 | 0.39× | 0.37× |
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 | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $26.4M |
| 自由现金流率自由现金流/营收 | 16.2% | 13.6% |
| 资本支出强度资本支出/营收 | 1.2% | 11.6% |
| 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 | $989.0K |
8季度趋势，按日历期对齐
经营现金流KAIMCS
| Q4 25 | — | $48.8M | ||
| Q3 25 | $47.3M | $39.1M | ||
| Q2 25 | $40.5M | $31.6M | ||
| Q1 25 | $22.8M | $-35.3M | ||
| Q4 24 | $51.9M | $52.6M | ||
| Q3 24 | $52.5M | $30.5M | ||
| Q2 24 | $28.1M | $36.0M | ||
| Q1 24 | $22.8M | $-15.1M |
自由现金流KAIMCS
| Q4 25 | — | $26.4M | ||
| Q3 25 | $44.1M | $18.2M | ||
| Q2 25 | $36.5M | $14.7M | ||
| Q1 25 | $19.0M | $-58.3M | ||
| Q4 24 | $46.3M | $27.1M | ||
| Q3 24 | $48.3M | $12.0M | ||
| Q2 24 | $23.1M | $16.1M | ||
| Q1 24 | $16.6M | $-30.5M |
自由现金流率KAIMCS
| Q4 25 | — | 13.6% | ||
| Q3 25 | 16.2% | 8.7% | ||
| Q2 25 | 14.3% | 7.1% | ||
| Q1 25 | 7.9% | -39.2% | ||
| Q4 24 | 17.9% | 14.4% | ||
| Q3 24 | 17.8% | 5.2% | ||
| Q2 24 | 8.4% | 9.2% | ||
| Q1 24 | 6.7% | -22.0% |
资本支出强度KAIMCS
| Q4 25 | — | 11.6% | ||
| Q3 25 | 1.2% | 9.9% | ||
| Q2 25 | 1.6% | 8.2% | ||
| Q1 25 | 1.6% | 15.5% | ||
| Q4 24 | 2.2% | 13.5% | ||
| Q3 24 | 1.5% | 7.9% | ||
| Q2 24 | 1.8% | 11.3% | ||
| Q1 24 | 2.5% | 11.1% |
现金转化率KAIMCS
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | 2.41× | ||
| Q2 25 | 1.55× | 4.32× | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 2.16× | 53.31× | ||
| Q3 24 | 1.66× | 1.31× | ||
| 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% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
