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KADANT INC（KAI）与Natural Grocers by Vitamin Cottage, Inc.（NGVC）财务数据对比。点击上方公司名可切换其他公司
Natural Grocers by Vitamin Cottage, Inc.的季度营收约是KADANT INC的1.2倍（$335.6M vs $271.6M），KADANT INC净利率更高（10.2% vs 3.4%，领先6.8%），Natural Grocers by Vitamin Cottage, Inc.同比增速更快（1.6% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $11.6M），过去两年KADANT INC的营收复合增速更高（6.7% vs 4.4%）
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。
Natural Grocers by Vitamin Cottage, Inc.是美国本土的特色零售连锁企业，主营认证有机食品、膳食补充剂、天然个护及环保家居类产品，面向健康意识较强的消费群体，门店覆盖美国多州，执行严格品控标准，拒绝售卖含人工添加剂的商品。
KAI vs NGVC — 直观对比
营收规模更大
NGVC
是对方的1.2倍
$271.6M
营收增速更快
NGVC
高出1.6%
-0.0%
净利率更高
KAI
高出6.8%
3.4%
自由现金流更多
KAI
多$32.5M
$11.6M
两年增速更快
KAI
近两年复合增速
4.4%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $335.6M |
| 净利润 | $27.7M | $11.3M |
| 毛利率 | 45.2% | 29.5% |
| 营业利润率 | 15.7% | 4.4% |
| 净利率 | 10.2% | 3.4% |
| 营收同比 | -0.0% | 1.6% |
| 净利润同比 | -12.2% | 14.0% |
| 每股收益（稀释后） | $2.35 | $0.49 |
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KAINGVC
| Q4 25 | — | $335.6M | ||
| Q3 25 | $271.6M | $336.1M | ||
| Q2 25 | $255.3M | $328.7M | ||
| Q1 25 | $239.2M | $335.8M | ||
| Q4 24 | $258.0M | $330.2M | ||
| Q3 24 | $271.6M | $322.7M | ||
| Q2 24 | $274.8M | $309.1M | ||
| Q1 24 | $249.0M | $308.1M |
净利润KAINGVC
| Q4 25 | — | $11.3M | ||
| Q3 25 | $27.7M | $11.8M | ||
| Q2 25 | $26.2M | $11.6M | ||
| Q1 25 | $24.1M | $13.1M | ||
| Q4 24 | $24.0M | $9.9M | ||
| Q3 24 | $31.6M | $9.0M | ||
| Q2 24 | $31.3M | $9.2M | ||
| Q1 24 | $24.7M | $8.0M |
毛利率KAINGVC
| Q4 25 | — | 29.5% | ||
| Q3 25 | 45.2% | 29.5% | ||
| Q2 25 | 45.9% | 29.9% | ||
| Q1 25 | 46.1% | 30.3% | ||
| Q4 24 | 43.4% | 29.9% | ||
| Q3 24 | 44.7% | 29.6% | ||
| Q2 24 | 44.4% | 29.2% | ||
| Q1 24 | 44.6% | 29.3% |
营业利润率KAINGVC
| Q4 25 | — | 4.4% | ||
| Q3 25 | 15.7% | 4.6% | ||
| Q2 25 | 15.4% | 4.7% | ||
| Q1 25 | 14.9% | 5.2% | ||
| Q4 24 | 14.3% | 4.0% | ||
| Q3 24 | 18.0% | 3.7% | ||
| Q2 24 | 17.6% | 4.2% | ||
| Q1 24 | 14.8% | 3.7% |
净利率KAINGVC
| Q4 25 | — | 3.4% | ||
| Q3 25 | 10.2% | 3.5% | ||
| Q2 25 | 10.2% | 3.5% | ||
| Q1 25 | 10.1% | 3.9% | ||
| Q4 24 | 9.3% | 3.0% | ||
| Q3 24 | 11.6% | 2.8% | ||
| Q2 24 | 11.4% | 3.0% | ||
| Q1 24 | 9.9% | 2.6% |
每股收益（稀释后）KAINGVC
| Q4 25 | — | $0.49 | ||
| Q3 25 | $2.35 | $0.51 | ||
| Q2 25 | $2.22 | $0.50 | ||
| Q1 25 | $2.04 | $0.56 | ||
| Q4 24 | $2.04 | $0.43 | ||
| Q3 24 | $2.68 | $0.38 | ||
| Q2 24 | $2.66 | $0.40 | ||
| Q1 24 | $2.10 | $0.35 |
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 | $23.2M |
| 总债务越低越好 | $254.6M | — |
| 股东权益账面价值 | $949.8M | $220.0M |
| 总资产 | $1.5B | $668.6M |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资KAINGVC
| Q4 25 | — | $23.2M | ||
| Q3 25 | $124.5M | $17.1M | ||
| Q2 25 | $95.3M | $13.2M | ||
| Q1 25 | $91.7M | $21.2M | ||
| Q4 24 | $94.7M | $6.3M | ||
| Q3 24 | $88.4M | $8.9M | ||
| Q2 24 | $73.8M | $13.9M | ||
| Q1 24 | $81.4M | $11.0M |
总债务KAINGVC
| 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 24 | $306.8M | — |
股东权益KAINGVC
| Q4 25 | — | $220.0M | ||
| Q3 25 | $949.8M | $212.4M | ||
| Q2 25 | $926.0M | $202.5M | ||
| Q1 25 | $876.0M | $193.0M | ||
| Q4 24 | $847.1M | $181.9M | ||
| Q3 24 | $851.7M | $174.3M | ||
| Q2 24 | $807.7M | $167.8M | ||
| Q1 24 | $782.7M | $160.0M |
总资产KAINGVC
| Q4 25 | — | $668.6M | ||
| Q3 25 | $1.5B | $670.5M | ||
| Q2 25 | $1.5B | $659.0M | ||
| Q1 25 | $1.4B | $664.6M | ||
| Q4 24 | $1.4B | $648.9M | ||
| Q3 24 | $1.5B | $655.5M | ||
| Q2 24 | $1.5B | $654.4M | ||
| Q1 24 | $1.4B | $656.6M |
负债/权益比KAINGVC
| 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× | — | ||
| Q1 24 | 0.39× | — |
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 | $21.1M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $11.6M |
| 自由现金流率自由现金流/营收 | 16.2% | 3.4% |
| 资本支出强度资本支出/营收 | 1.2% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.70× | 1.86× |
| 过去12个月自由现金流最近4个季度 | $145.9M | $42.6M |
8季度趋势，按日历期对齐
经营现金流KAINGVC
| Q4 25 | — | $21.1M | ||
| Q3 25 | $47.3M | $15.6M | ||
| Q2 25 | $40.5M | $2.9M | ||
| Q1 25 | $22.8M | $34.1M | ||
| Q4 24 | $51.9M | $2.7M | ||
| Q3 24 | $52.5M | $24.5M | ||
| Q2 24 | $28.1M | $12.4M | ||
| Q1 24 | $22.8M | $20.2M |
自由现金流KAINGVC
| Q4 25 | — | $11.6M | ||
| Q3 25 | $44.1M | $7.5M | ||
| Q2 25 | $36.5M | $-4.2M | ||
| Q1 25 | $19.0M | $27.6M | ||
| Q4 24 | $46.3M | $-6.9M | ||
| Q3 24 | $48.3M | $18.0M | ||
| Q2 24 | $23.1M | $3.6M | ||
| Q1 24 | $16.6M | $9.8M |
自由现金流率KAINGVC
| Q4 25 | — | 3.4% | ||
| Q3 25 | 16.2% | 2.2% | ||
| Q2 25 | 14.3% | -1.3% | ||
| Q1 25 | 7.9% | 8.2% | ||
| Q4 24 | 17.9% | -2.1% | ||
| Q3 24 | 17.8% | 5.6% | ||
| Q2 24 | 8.4% | 1.2% | ||
| Q1 24 | 6.7% | 3.2% |
资本支出强度KAINGVC
| Q4 25 | — | 2.9% | ||
| Q3 25 | 1.2% | 2.4% | ||
| Q2 25 | 1.6% | 2.2% | ||
| Q1 25 | 1.6% | 1.9% | ||
| Q4 24 | 2.2% | 2.9% | ||
| Q3 24 | 1.5% | 2.0% | ||
| Q2 24 | 1.8% | 2.9% | ||
| Q1 24 | 2.5% | 3.4% |
现金转化率KAINGVC
| Q4 25 | — | 1.86× | ||
| Q3 25 | 1.70× | 1.32× | ||
| Q2 25 | 1.55× | 0.25× | ||
| Q1 25 | 0.95× | 2.60× | ||
| Q4 24 | 2.16× | 0.27× | ||
| Q3 24 | 1.66× | 2.72× | ||
| Q2 24 | 0.90× | 1.35× | ||
| Q1 24 | 0.92× | 2.54× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
