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KADANT INC（KAI）与OSI SYSTEMS INC（OSIS）财务数据对比。点击上方公司名可切换其他公司
OSI SYSTEMS INC的季度营收约是KADANT INC的1.7倍（$464.1M vs $271.6M），KADANT INC净利率更高（10.2% vs 8.3%，领先1.9%），OSI SYSTEMS INC同比增速更快（10.5% vs -0.0%），OSI SYSTEMS INC自由现金流更多（$55.5M vs $44.1M），过去两年OSI SYSTEMS INC的营收复合增速更高（7.0% 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。
OSI系统公司是总部位于美国加利福尼亚州的企业，主营安全检测系统、医疗设备及光电器件三大业务板块，产品涵盖机场安检X光机、金属探测器、医疗监护与麻醉系统等，旗下拥有Spacelabs Healthcare、Rapiscan Systems、OSI Optoelectronics等子公司，全球员工规模约3180人。
KAI vs OSIS — 直观对比
营收规模更大
OSIS
是对方的1.7倍
$271.6M
营收增速更快
OSIS
高出10.6%
-0.0%
净利率更高
KAI
高出1.9%
8.3%
自由现金流更多
OSIS
多$11.5M
$44.1M
两年增速更快
OSIS
近两年复合增速
6.7%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $464.1M |
| 净利润 | $27.7M | $38.7M |
| 毛利率 | 45.2% | 32.7% |
| 营业利润率 | 15.7% | 12.7% |
| 净利率 | 10.2% | 8.3% |
| 营收同比 | -0.0% | 10.5% |
| 净利润同比 | -12.2% | 2.3% |
| 每股收益（稀释后） | $2.35 | $2.22 |
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KAIOSIS
| Q4 25 | — | $464.1M | ||
| Q3 25 | $271.6M | $384.6M | ||
| Q2 25 | $255.3M | $505.0M | ||
| Q1 25 | $239.2M | $444.4M | ||
| Q4 24 | $258.0M | $419.8M | ||
| Q3 24 | $271.6M | $344.0M | ||
| Q2 24 | $274.8M | $480.9M | ||
| Q1 24 | $249.0M | $405.4M |
净利润KAIOSIS
| Q4 25 | — | $38.7M | ||
| Q3 25 | $27.7M | $20.6M | ||
| Q2 25 | $26.2M | $52.7M | ||
| Q1 25 | $24.1M | $41.1M | ||
| Q4 24 | $24.0M | $37.8M | ||
| Q3 24 | $31.6M | $17.9M | ||
| Q2 24 | $31.3M | $44.7M | ||
| Q1 24 | $24.7M | $34.0M |
毛利率KAIOSIS
| Q4 25 | — | 32.7% | ||
| Q3 25 | 45.2% | 32.0% | ||
| Q2 25 | 45.9% | 33.3% | ||
| Q1 25 | 46.1% | 33.8% | ||
| Q4 24 | 43.4% | 35.1% | ||
| Q3 24 | 44.7% | 35.3% | ||
| Q2 24 | 44.4% | 32.1% | ||
| Q1 24 | 44.6% | 33.6% |
营业利润率KAIOSIS
| Q4 25 | — | 12.7% | ||
| Q3 25 | 15.7% | 8.6% | ||
| Q2 25 | 15.4% | 14.5% | ||
| Q1 25 | 14.9% | 12.7% | ||
| Q4 24 | 14.3% | 13.8% | ||
| Q3 24 | 18.0% | 8.8% | ||
| Q2 24 | 17.6% | 13.1% | ||
| Q1 24 | 14.8% | 12.7% |
净利率KAIOSIS
| Q4 25 | — | 8.3% | ||
| Q3 25 | 10.2% | 5.3% | ||
| Q2 25 | 10.2% | 10.4% | ||
| Q1 25 | 10.1% | 9.3% | ||
| Q4 24 | 9.3% | 9.0% | ||
| Q3 24 | 11.6% | 5.2% | ||
| Q2 24 | 11.4% | 9.3% | ||
| Q1 24 | 9.9% | 8.4% |
每股收益（稀释后）KAIOSIS
| Q4 25 | — | $2.22 | ||
| Q3 25 | $2.35 | $1.18 | ||
| Q2 25 | $2.22 | $3.04 | ||
| Q1 25 | $2.04 | $2.40 | ||
| Q4 24 | $2.04 | $2.22 | ||
| Q3 24 | $2.68 | $1.05 | ||
| Q2 24 | $2.66 | $2.57 | ||
| Q1 24 | $2.10 | $1.95 |
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 | $336.7M |
| 总债务越低越好 | $254.6M | $1.0B |
| 股东权益账面价值 | $949.8M | $845.5M |
| 总资产 | $1.5B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.27× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资KAIOSIS
| Q4 25 | — | $336.7M | ||
| Q3 25 | $124.5M | $124.4M | ||
| Q2 25 | $95.3M | $106.4M | ||
| Q1 25 | $91.7M | $95.8M | ||
| Q4 24 | $94.7M | $101.6M | ||
| Q3 24 | $88.4M | $85.1M | ||
| Q2 24 | $73.8M | $95.4M | ||
| Q1 24 | $81.4M | $101.4M |
总债务KAIOSIS
| Q4 25 | — | $1.0B | ||
| Q3 25 | $254.6M | $442.2M | ||
| Q2 25 | $245.7M | $471.6M | ||
| Q1 25 | $273.5M | $473.2M | ||
| Q4 24 | $285.2M | $474.8M | ||
| Q3 24 | $323.2M | $476.3M | ||
| Q2 24 | $342.0M | $137.6M | ||
| Q1 24 | $306.8M | — |
股东权益KAIOSIS
| Q4 25 | — | $845.5M | ||
| Q3 25 | $949.8M | $946.0M | ||
| Q2 25 | $926.0M | $951.1M | ||
| Q1 25 | $876.0M | $879.3M | ||
| Q4 24 | $847.1M | $825.8M | ||
| Q3 24 | $851.7M | $786.5M | ||
| Q2 24 | $807.7M | $863.5M | ||
| Q1 24 | $782.7M | $813.4M |
总资产KAIOSIS
| Q4 25 | — | $2.5B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.5B | $1.9B | ||
| Q1 24 | $1.4B | $1.8B |
负债/权益比KAIOSIS
| Q4 25 | — | 1.19× | ||
| Q3 25 | 0.27× | 0.47× | ||
| Q2 25 | 0.27× | 0.50× | ||
| Q1 25 | 0.31× | 0.54× | ||
| Q4 24 | 0.34× | 0.57× | ||
| Q3 24 | 0.38× | 0.61× | ||
| Q2 24 | 0.42× | 0.16× | ||
| 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 | $62.2M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $55.5M |
| 自由现金流率自由现金流/营收 | 16.2% | 12.0% |
| 资本支出强度资本支出/营收 | 1.2% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.70× | 1.61× |
| 过去12个月自由现金流最近4个季度 | $145.9M | $137.2M |
8季度趋势，按日历期对齐
经营现金流KAIOSIS
| Q4 25 | — | $62.2M | ||
| Q3 25 | $47.3M | $17.1M | ||
| Q2 25 | $40.5M | $562.0K | ||
| Q1 25 | $22.8M | $81.6M | ||
| Q4 24 | $51.9M | $52.5M | ||
| Q3 24 | $52.5M | $-37.2M | ||
| Q2 24 | $28.1M | $-29.0M | ||
| Q1 24 | $22.8M | $-52.1M |
自由现金流KAIOSIS
| Q4 25 | — | $55.5M | ||
| Q3 25 | $44.1M | $10.1M | ||
| Q2 25 | $36.5M | $-5.6M | ||
| Q1 25 | $19.0M | $77.1M | ||
| Q4 24 | $46.3M | $47.1M | ||
| Q3 24 | $48.3M | $-44.9M | ||
| Q2 24 | $23.1M | $-37.5M | ||
| Q1 24 | $16.6M | $-57.0M |
自由现金流率KAIOSIS
| Q4 25 | — | 12.0% | ||
| Q3 25 | 16.2% | 2.6% | ||
| Q2 25 | 14.3% | -1.1% | ||
| Q1 25 | 7.9% | 17.4% | ||
| Q4 24 | 17.9% | 11.2% | ||
| Q3 24 | 17.8% | -13.0% | ||
| Q2 24 | 8.4% | -7.8% | ||
| Q1 24 | 6.7% | -14.1% |
资本支出强度KAIOSIS
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.2% | 1.8% | ||
| Q2 25 | 1.6% | 1.2% | ||
| Q1 25 | 1.6% | 1.0% | ||
| Q4 24 | 2.2% | 1.3% | ||
| Q3 24 | 1.5% | 2.2% | ||
| Q2 24 | 1.8% | 1.8% | ||
| Q1 24 | 2.5% | 1.2% |
现金转化率KAIOSIS
| Q4 25 | — | 1.61× | ||
| Q3 25 | 1.70× | 0.83× | ||
| Q2 25 | 1.55× | 0.01× | ||
| Q1 25 | 0.95× | 1.98× | ||
| Q4 24 | 2.16× | 1.39× | ||
| Q3 24 | 1.66× | -2.07× | ||
| Q2 24 | 0.90× | -0.65× | ||
| Q1 24 | 0.92× | -1.53× |
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% |
OSIS
| Security Division | $334.7M | 72% |
| Optoelectronics And Manufacturing Division | $92.8M | 20% |
| Healthcare Division | $36.5M | 8% |
