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KADANT INC（KAI）与MACOM Technology Solutions Holdings, Inc.（MTSI）财务数据对比。点击上方公司名可切换其他公司
MACOM Technology Solutions Holdings, Inc.的季度营收约是KADANT INC的1.0倍（$271.6M vs $271.6M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs 10.2%，领先7.7%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $30.0M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% 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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
KAI vs MTSI — 直观对比
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $271.6M |
| 净利润 | $27.7M | $48.8M |
| 毛利率 | 45.2% | 55.9% |
| 营业利润率 | 15.7% | 15.9% |
| 净利率 | 10.2% | 18.0% |
| 营收同比 | -0.0% | 24.5% |
| 净利润同比 | -12.2% | 129.1% |
| 每股收益（稀释后） | $2.35 | $0.64 |
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
| Q1 26 | — | $271.6M | ||
| Q4 25 | — | $261.2M | ||
| Q3 25 | $271.6M | $252.1M | ||
| Q2 25 | $255.3M | $235.9M | ||
| Q1 25 | $239.2M | $218.1M | ||
| Q4 24 | $258.0M | — | ||
| Q3 24 | $271.6M | $200.7M | ||
| Q2 24 | $274.8M | $190.5M |
| Q1 26 | — | $48.8M | ||
| Q4 25 | — | $45.1M | ||
| Q3 25 | $27.7M | $36.5M | ||
| Q2 25 | $26.2M | $31.7M | ||
| Q1 25 | $24.1M | $-167.5M | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $31.6M | $29.4M | ||
| Q2 24 | $31.3M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | — | 54.5% | ||
| Q3 25 | 45.2% | 55.3% | ||
| Q2 25 | 45.9% | 55.2% | ||
| Q1 25 | 46.1% | 53.7% | ||
| Q4 24 | 43.4% | — | ||
| Q3 24 | 44.7% | 54.7% | ||
| Q2 24 | 44.4% | 53.2% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | 15.7% | 14.9% | ||
| Q2 25 | 15.4% | 14.8% | ||
| Q1 25 | 14.9% | 8.0% | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 18.0% | 13.7% | ||
| Q2 24 | 17.6% | 10.4% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | 10.2% | 14.5% | ||
| Q2 25 | 10.2% | 13.4% | ||
| Q1 25 | 10.1% | -76.8% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 11.6% | 14.7% | ||
| Q2 24 | 11.4% | 10.5% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | — | $0.67 | ||
| Q3 25 | $2.35 | $0.48 | ||
| Q2 25 | $2.22 | $0.42 | ||
| Q1 25 | $2.04 | $-2.30 | ||
| Q4 24 | $2.04 | — | ||
| Q3 24 | $2.68 | $0.40 | ||
| Q2 24 | $2.66 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | $254.6M | — |
| 股东权益账面价值 | $949.8M | $1.4B |
| 总资产 | $1.5B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $768.5M | ||
| Q4 25 | — | $786.0M | ||
| Q3 25 | $124.5M | $735.2M | ||
| Q2 25 | $95.3M | $681.5M | ||
| Q1 25 | $91.7M | $656.5M | ||
| Q4 24 | $94.7M | — | ||
| Q3 24 | $88.4M | $581.9M | ||
| Q2 24 | $73.8M | $521.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $254.6M | — | ||
| Q2 25 | $245.7M | — | ||
| Q1 25 | $273.5M | — | ||
| Q4 24 | $285.2M | — | ||
| Q3 24 | $323.2M | — | ||
| Q2 24 | $342.0M | — |
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $949.8M | $1.3B | ||
| Q2 25 | $926.0M | $1.2B | ||
| Q1 25 | $876.0M | $1.2B | ||
| Q4 24 | $847.1M | — | ||
| Q3 24 | $851.7M | $1.1B | ||
| Q2 24 | $807.7M | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.5B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $30.0M |
| 自由现金流率自由现金流/营收 | 16.2% | 11.0% |
| 资本支出强度资本支出/营收 | 1.2% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.70× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $145.9M | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $42.9M | ||
| Q4 25 | — | $69.6M | ||
| Q3 25 | $47.3M | $60.4M | ||
| Q2 25 | $40.5M | $38.7M | ||
| Q1 25 | $22.8M | $66.7M | ||
| Q4 24 | $51.9M | — | ||
| Q3 24 | $52.5M | $62.3M | ||
| Q2 24 | $28.1M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | — | $49.4M | ||
| Q3 25 | $44.1M | $51.6M | ||
| Q2 25 | $36.5M | $30.5M | ||
| Q1 25 | $19.0M | $61.3M | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $48.3M | $57.1M | ||
| Q2 24 | $23.1M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | — | 18.9% | ||
| Q3 25 | 16.2% | 20.5% | ||
| Q2 25 | 14.3% | 12.9% | ||
| Q1 25 | 7.9% | 28.1% | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 17.8% | 28.5% | ||
| Q2 24 | 8.4% | 21.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | 1.2% | 3.5% | ||
| Q2 25 | 1.6% | 3.5% | ||
| Q1 25 | 1.6% | 2.4% | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.5% | 2.6% | ||
| Q2 24 | 1.8% | 3.9% |
| Q1 26 | — | 0.88× | ||
| Q4 25 | — | 1.54× | ||
| Q3 25 | 1.70× | 1.65× | ||
| Q2 25 | 1.55× | 1.22× | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 1.66× | 2.12× | ||
| Q2 24 | 0.90× | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
