vs
KADANT INC（KAI）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是KADANT INC的22.2倍（$6.0B vs $271.6M）。3M净利率更高（10.8% vs 10.2%，领先0.6%）。3M同比增速更快（1.3% vs -0.0%）。3M自由现金流更多（$2.0B vs $44.1M）。过去两年KADANT INC的营收复合增速更高（6.7% vs -1.8%）
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。
3M是美国知名跨国综合企业，业务覆盖工业、劳动者安全防护、消费品等多个领域，总部位于圣保罗郊区的枫木市。公司现有超6万款产品，涵盖胶粘剂、研磨材料、防火防护产品、个人防护装备、窗膜、车漆保护膜、电子连接绝缘材料、汽车养护产品、光学膜等品类。
KAI vs MMM — 直观对比
营收规模更大
MMM
是对方的22.2倍
$271.6M
营收增速更快
MMM
高出1.3%
-0.0%
净利率更高
MMM
高出0.6%
10.2%
自由现金流更多
MMM
多$2.0B
$44.1M
两年增速更快
KAI
近两年复合增速
-1.8%
损益表 — Q3 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $6.0B |
| 净利润 | $27.7M | $653.0M |
| 毛利率 | 45.2% | 40.7% |
| 营业利润率 | 15.7% | 23.2% |
| 净利率 | 10.2% | 10.8% |
| 营收同比 | -0.0% | 1.3% |
| 净利润同比 | -12.2% | -41.5% |
| 每股收益（稀释后） | $2.35 | $1.23 |
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KAIMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | — | $6.1B | ||
| Q3 25 | $271.6M | $6.5B | ||
| Q2 25 | $255.3M | $6.3B | ||
| Q1 25 | $239.2M | $6.0B | ||
| Q4 24 | $258.0M | $6.0B | ||
| Q3 24 | $271.6M | $6.3B | ||
| Q2 24 | $274.8M | $6.3B |
净利润KAIMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | — | $577.0M | ||
| Q3 25 | $27.7M | $834.0M | ||
| Q2 25 | $26.2M | $723.0M | ||
| Q1 25 | $24.1M | $1.1B | ||
| Q4 24 | $24.0M | $728.0M | ||
| Q3 24 | $31.6M | $1.4B | ||
| Q2 24 | $31.3M | $1.1B |
毛利率KAIMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | 45.2% | 41.8% | ||
| Q2 25 | 45.9% | 42.5% | ||
| Q1 25 | 46.1% | 41.6% | ||
| Q4 24 | 43.4% | 51.7% | ||
| Q3 24 | 44.7% | 42.1% | ||
| Q2 24 | 44.4% | 42.9% |
营业利润率KAIMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | 15.7% | 22.2% | ||
| Q2 25 | 15.4% | 18.0% | ||
| Q1 25 | 14.9% | 20.9% | ||
| Q4 24 | 14.3% | 12.2% | ||
| Q3 24 | 18.0% | 20.9% | ||
| Q2 24 | 17.6% | 20.3% |
净利率KAIMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | 10.2% | 12.8% | ||
| Q2 25 | 10.2% | 11.4% | ||
| Q1 25 | 10.1% | 18.7% | ||
| Q4 24 | 9.3% | 12.1% | ||
| Q3 24 | 11.6% | 21.8% | ||
| Q2 24 | 11.4% | 18.3% |
每股收益（稀释后）KAIMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | — | $1.07 | ||
| Q3 25 | $2.35 | $1.55 | ||
| Q2 25 | $2.22 | $1.34 | ||
| Q1 25 | $2.04 | $2.04 | ||
| Q4 24 | $2.04 | $1.33 | ||
| Q3 24 | $2.68 | $2.48 | ||
| Q2 24 | $2.66 | $2.07 |
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 | $3.7B |
| 总债务越低越好 | $254.6M | $10.9B |
| 股东权益账面价值 | $949.8M | $3.3B |
| 总资产 | $1.5B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.27× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资KAIMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | $124.5M | — | ||
| Q2 25 | $95.3M | — | ||
| Q1 25 | $91.7M | — | ||
| Q4 24 | $94.7M | — | ||
| Q3 24 | $88.4M | — | ||
| Q2 24 | $73.8M | — |
总债务KAIMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | — | $12.6B | ||
| Q3 25 | $254.6M | $12.6B | ||
| Q2 25 | $245.7M | $13.1B | ||
| Q1 25 | $273.5M | $13.5B | ||
| Q4 24 | $285.2M | $13.0B | ||
| Q3 24 | $323.2M | $13.2B | ||
| Q2 24 | $342.0M | $13.1B |
股东权益KAIMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | $949.8M | $4.6B | ||
| Q2 25 | $926.0M | $4.3B | ||
| Q1 25 | $876.0M | $4.5B | ||
| Q4 24 | $847.1M | $3.8B | ||
| Q3 24 | $851.7M | $4.6B | ||
| Q2 24 | $807.7M | $3.9B |
总资产KAIMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | — | $37.7B | ||
| Q3 25 | $1.5B | $37.6B | ||
| Q2 25 | $1.5B | $38.0B | ||
| Q1 25 | $1.4B | $40.0B | ||
| Q4 24 | $1.4B | $39.9B | ||
| Q3 24 | $1.5B | $40.9B | ||
| Q2 24 | $1.5B | $43.4B |
负债/权益比KAIMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | — | 2.68× | ||
| Q3 25 | 0.27× | 2.72× | ||
| Q2 25 | 0.27× | 3.06× | ||
| Q1 25 | 0.31× | 3.02× | ||
| Q4 24 | 0.34× | 3.40× | ||
| Q3 24 | 0.38× | 2.84× | ||
| Q2 24 | 0.42× | 3.34× |
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 | $2.0B |
| 自由现金流率自由现金流/营收 | 16.2% | 33.6% |
| 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 | $3.7B |
8季度趋势，按日历期对齐
经营现金流KAIMMM
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $47.3M | $1.8B | ||
| Q2 25 | $40.5M | $-954.0M | ||
| Q1 25 | $22.8M | $-79.0M | ||
| Q4 24 | $51.9M | $1.8B | ||
| Q3 24 | $52.5M | $-1.8B | ||
| Q2 24 | $28.1M | $1.0B |
自由现金流KAIMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $44.1M | $1.5B | ||
| Q2 25 | $36.5M | $-1.2B | ||
| Q1 25 | $19.0M | $-315.0M | ||
| Q4 24 | $46.3M | $1.5B | ||
| Q3 24 | $48.3M | $-2.0B | ||
| Q2 24 | $23.1M | $752.0M |
自由现金流率KAIMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | — | 21.8% | ||
| Q3 25 | 16.2% | 23.6% | ||
| Q2 25 | 14.3% | -18.3% | ||
| Q1 25 | 7.9% | -5.3% | ||
| Q4 24 | 17.9% | 25.4% | ||
| Q3 24 | 17.8% | -32.3% | ||
| Q2 24 | 8.4% | 12.0% |
资本支出强度KAIMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | 1.2% | 3.3% | ||
| Q2 25 | 1.6% | 3.3% | ||
| Q1 25 | 1.6% | 4.0% | ||
| Q4 24 | 2.2% | 4.8% | ||
| Q3 24 | 1.5% | 3.9% | ||
| Q2 24 | 1.8% | 4.3% |
现金转化率KAIMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | 1.70× | 2.11× | ||
| Q2 25 | 1.55× | -1.32× | ||
| Q1 25 | 0.95× | -0.07× | ||
| Q4 24 | 2.16× | 2.50× | ||
| Q3 24 | 1.66× | -1.30× | ||
| Q2 24 | 0.90× | 0.89× |
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% |
MMM
| Safety and Industrial business segment | $2.9B | 49% |
| Transportation and Electronics business segment | $1.8B | 31% |
| Consumer business segment | $1.1B | 19% |
| Corporate | $121.0M | 2% |
