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KADANT INC（KAI）与PROCORE TECHNOLOGIES, INC.（PCOR）财务数据对比。点击上方公司名可切换其他公司
PROCORE TECHNOLOGIES, INC.的季度营收约是KADANT INC的1.3倍（$349.1M vs $271.6M），KADANT INC净利率更高（10.2% vs -10.8%，领先21.0%），PROCORE TECHNOLOGIES, INC.同比增速更快（15.6% vs -0.0%），PROCORE TECHNOLOGIES, INC.自由现金流更多（$109.2M vs $44.1M），过去两年PROCORE TECHNOLOGIES, INC.的营收复合增速更高（13.8% 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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
KAI vs PCOR — 直观对比
营收规模更大
PCOR
是对方的1.3倍
$271.6M
营收增速更快
PCOR
高出15.6%
-0.0%
净利率更高
KAI
高出21.0%
-10.8%
自由现金流更多
PCOR
多$65.2M
$44.1M
两年增速更快
PCOR
近两年复合增速
6.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $349.1M |
| 净利润 | $27.7M | $-37.6M |
| 毛利率 | 45.2% | 80.1% |
| 营业利润率 | 15.7% | -12.3% |
| 净利率 | 10.2% | -10.8% |
| 营收同比 | -0.0% | 15.6% |
| 净利润同比 | -12.2% | 39.6% |
| 每股收益（稀释后） | $2.35 | $-0.25 |
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KAIPCOR
| Q4 25 | — | $349.1M | ||
| Q3 25 | $271.6M | $338.9M | ||
| Q2 25 | $255.3M | $323.9M | ||
| Q1 25 | $239.2M | $310.6M | ||
| Q4 24 | $258.0M | $302.0M | ||
| Q3 24 | $271.6M | $295.9M | ||
| Q2 24 | $274.8M | $284.3M | ||
| Q1 24 | $249.0M | $269.4M |
净利润KAIPCOR
| Q4 25 | — | $-37.6M | ||
| Q3 25 | $27.7M | $-9.1M | ||
| Q2 25 | $26.2M | $-21.1M | ||
| Q1 25 | $24.1M | $-33.0M | ||
| Q4 24 | $24.0M | $-62.3M | ||
| Q3 24 | $31.6M | $-26.4M | ||
| Q2 24 | $31.3M | $-6.3M | ||
| Q1 24 | $24.7M | $-11.0M |
毛利率KAIPCOR
| Q4 25 | — | 80.1% | ||
| Q3 25 | 45.2% | 79.7% | ||
| Q2 25 | 45.9% | 79.1% | ||
| Q1 25 | 46.1% | 79.1% | ||
| Q4 24 | 43.4% | 81.2% | ||
| Q3 24 | 44.7% | 81.4% | ||
| Q2 24 | 44.4% | 83.1% | ||
| Q1 24 | 44.6% | 83.0% |
营业利润率KAIPCOR
| Q4 25 | — | -12.3% | ||
| Q3 25 | 15.7% | -4.4% | ||
| Q2 25 | 15.4% | -9.3% | ||
| Q1 25 | 14.9% | -11.7% | ||
| Q4 24 | 14.3% | -21.9% | ||
| Q3 24 | 18.0% | -12.3% | ||
| Q2 24 | 17.6% | -5.2% | ||
| Q1 24 | 14.8% | -7.0% |
净利率KAIPCOR
| Q4 25 | — | -10.8% | ||
| Q3 25 | 10.2% | -2.7% | ||
| Q2 25 | 10.2% | -6.5% | ||
| Q1 25 | 10.1% | -10.6% | ||
| Q4 24 | 9.3% | -20.6% | ||
| Q3 24 | 11.6% | -8.9% | ||
| Q2 24 | 11.4% | -2.2% | ||
| Q1 24 | 9.9% | -4.1% |
每股收益（稀释后）KAIPCOR
| Q4 25 | — | $-0.25 | ||
| Q3 25 | $2.35 | $-0.06 | ||
| Q2 25 | $2.22 | $-0.14 | ||
| Q1 25 | $2.04 | $-0.22 | ||
| Q4 24 | $2.04 | $-0.42 | ||
| Q3 24 | $2.68 | $-0.18 | ||
| Q2 24 | $2.66 | $-0.04 | ||
| Q1 24 | $2.10 | $-0.08 |
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 | $1.3B |
| 总资产 | $1.5B | $2.2B |
| 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KAIPCOR
| Q4 25 | — | $768.5M | ||
| Q3 25 | $124.5M | $684.0M | ||
| Q2 25 | $95.3M | $620.9M | ||
| Q1 25 | $91.7M | $566.7M | ||
| Q4 24 | $94.7M | $775.4M | ||
| Q3 24 | $88.4M | $756.9M | ||
| Q2 24 | $73.8M | $735.4M | ||
| Q1 24 | $81.4M | $744.6M |
总债务KAIPCOR
| 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KAIPCOR
| Q4 25 | — | $1.3B | ||
| Q3 25 | $949.8M | $1.2B | ||
| Q2 25 | $926.0M | $1.2B | ||
| Q1 25 | $876.0M | $1.2B | ||
| Q4 24 | $847.1M | $1.3B | ||
| Q3 24 | $851.7M | $1.3B | ||
| Q2 24 | $807.7M | $1.3B | ||
| Q1 24 | $782.7M | $1.2B |
总资产KAIPCOR
| Q4 25 | — | $2.2B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.4B | $1.9B |
负债/权益比KAIPCOR
| 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 | $114.9M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $109.2M |
| 自由现金流率自由现金流/营收 | 16.2% | 31.3% |
| 资本支出强度资本支出/营收 | 1.2% | 1.6% |
| 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 | $282.2M |
8季度趋势，按日历期对齐
经营现金流KAIPCOR
| Q4 25 | — | $114.9M | ||
| Q3 25 | $47.3M | $88.5M | ||
| Q2 25 | $40.5M | $30.8M | ||
| Q1 25 | $22.8M | $66.0M | ||
| Q4 24 | $51.9M | $29.1M | ||
| Q3 24 | $52.5M | $39.3M | ||
| Q2 24 | $28.1M | $58.7M | ||
| Q1 24 | $22.8M | $69.1M |
自由现金流KAIPCOR
| Q4 25 | — | $109.2M | ||
| Q3 25 | $44.1M | $83.1M | ||
| Q2 25 | $36.5M | $27.9M | ||
| Q1 25 | $19.0M | $62.0M | ||
| Q4 24 | $46.3M | $17.4M | ||
| Q3 24 | $48.3M | $35.7M | ||
| Q2 24 | $23.1M | $56.8M | ||
| Q1 24 | $16.6M | $67.1M |
自由现金流率KAIPCOR
| Q4 25 | — | 31.3% | ||
| Q3 25 | 16.2% | 24.5% | ||
| Q2 25 | 14.3% | 8.6% | ||
| Q1 25 | 7.9% | 20.0% | ||
| Q4 24 | 17.9% | 5.8% | ||
| Q3 24 | 17.8% | 12.1% | ||
| Q2 24 | 8.4% | 20.0% | ||
| Q1 24 | 6.7% | 24.9% |
资本支出强度KAIPCOR
| Q4 25 | — | 1.6% | ||
| Q3 25 | 1.2% | 1.6% | ||
| Q2 25 | 1.6% | 0.9% | ||
| Q1 25 | 1.6% | 1.3% | ||
| Q4 24 | 2.2% | 3.9% | ||
| Q3 24 | 1.5% | 1.2% | ||
| Q2 24 | 1.8% | 0.7% | ||
| Q1 24 | 2.5% | 0.8% |
现金转化率KAIPCOR
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.55× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 1.66× | — | ||
| 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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
