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KADANT INC（KAI）与PROGRESS SOFTWARE CORP（PRGS）财务数据对比。点击上方公司名可切换其他公司
KADANT INC的季度营收约是PROGRESS SOFTWARE CORP的1.1倍（$271.6M vs $252.7M），KADANT INC净利率更高（10.2% vs 10.2%，领先0.0%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -0.0%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $44.1M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% 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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
KAI vs PRGS — 直观对比
营收规模更大
KAI
是对方的1.1倍
$252.7M
营收增速更快
PRGS
高出17.6%
-0.0%
净利率更高
KAI
高出0.0%
10.2%
自由现金流更多
PRGS
多$15.9M
$44.1M
两年增速更快
PRGS
近两年复合增速
6.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $252.7M |
| 净利润 | $27.7M | $25.7M |
| 毛利率 | 45.2% | 81.6% |
| 营业利润率 | 15.7% | 15.2% |
| 净利率 | 10.2% | 10.2% |
| 营收同比 | -0.0% | 17.5% |
| 净利润同比 | -12.2% | 2144.6% |
| 每股收益（稀释后） | $2.35 | $0.59 |
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KAIPRGS
| Q4 25 | — | $252.7M | ||
| Q3 25 | $271.6M | $249.8M | ||
| Q2 25 | $255.3M | $237.4M | ||
| Q1 25 | $239.2M | $238.0M | ||
| Q4 24 | $258.0M | $215.0M | ||
| Q3 24 | $271.6M | $178.7M | ||
| Q2 24 | $274.8M | $175.1M | ||
| Q1 24 | $249.0M | $184.7M |
净利润KAIPRGS
| Q4 25 | — | $25.7M | ||
| Q3 25 | $27.7M | $19.4M | ||
| Q2 25 | $26.2M | $17.0M | ||
| Q1 25 | $24.1M | $10.9M | ||
| Q4 24 | $24.0M | $1.1M | ||
| Q3 24 | $31.6M | $28.5M | ||
| Q2 24 | $31.3M | $16.2M | ||
| Q1 24 | $24.7M | $22.6M |
毛利率KAIPRGS
| Q4 25 | — | 81.6% | ||
| Q3 25 | 45.2% | 81.0% | ||
| Q2 25 | 45.9% | 80.1% | ||
| Q1 25 | 46.1% | 80.6% | ||
| Q4 24 | 43.4% | 83.0% | ||
| Q3 24 | 44.7% | 83.7% | ||
| Q2 24 | 44.4% | 81.7% | ||
| Q1 24 | 44.6% | 82.2% |
营业利润率KAIPRGS
| Q4 25 | — | 15.2% | ||
| Q3 25 | 15.7% | 17.6% | ||
| Q2 25 | 15.4% | 16.3% | ||
| Q1 25 | 14.9% | 13.6% | ||
| Q4 24 | 14.3% | 10.0% | ||
| Q3 24 | 18.0% | 22.6% | ||
| Q2 24 | 17.6% | 15.5% | ||
| Q1 24 | 14.8% | 19.0% |
净利率KAIPRGS
| Q4 25 | — | 10.2% | ||
| Q3 25 | 10.2% | 7.8% | ||
| Q2 25 | 10.2% | 7.2% | ||
| Q1 25 | 10.1% | 4.6% | ||
| Q4 24 | 9.3% | 0.5% | ||
| Q3 24 | 11.6% | 15.9% | ||
| Q2 24 | 11.4% | 9.2% | ||
| Q1 24 | 9.9% | 12.3% |
每股收益（稀释后）KAIPRGS
| Q4 25 | — | $0.59 | ||
| Q3 25 | $2.35 | $0.44 | ||
| Q2 25 | $2.22 | $0.39 | ||
| Q1 25 | $2.04 | $0.24 | ||
| Q4 24 | $2.04 | $0.01 | ||
| Q3 24 | $2.68 | $0.65 | ||
| Q2 24 | $2.66 | $0.37 | ||
| Q1 24 | $2.10 | $0.51 |
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 | $94.8M |
| 总债务越低越好 | $254.6M | $1.4B |
| 股东权益账面价值 | $949.8M | $478.3M |
| 总资产 | $1.5B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.27× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资KAIPRGS
| Q4 25 | — | $94.8M | ||
| Q3 25 | $124.5M | $99.0M | ||
| Q2 25 | $95.3M | $102.0M | ||
| Q1 25 | $91.7M | $124.2M | ||
| Q4 24 | $94.7M | $118.1M | ||
| Q3 24 | $88.4M | $232.7M | ||
| Q2 24 | $73.8M | $190.4M | ||
| Q1 24 | $81.4M | $133.2M |
总债务KAIPRGS
| Q4 25 | — | $1.4B | ||
| Q3 25 | $254.6M | $1.4B | ||
| Q2 25 | $245.7M | $1.5B | ||
| Q1 25 | $273.5M | $1.5B | ||
| Q4 24 | $285.2M | $1.5B | ||
| Q3 24 | $323.2M | — | ||
| Q2 24 | $342.0M | — | ||
| Q1 24 | $306.8M | — |
股东权益KAIPRGS
| Q4 25 | — | $478.3M | ||
| Q3 25 | $949.8M | $477.7M | ||
| Q2 25 | $926.0M | $452.7M | ||
| Q1 25 | $876.0M | $431.8M | ||
| Q4 24 | $847.1M | $438.8M | ||
| Q3 24 | $851.7M | $425.6M | ||
| Q2 24 | $807.7M | $401.7M | ||
| Q1 24 | $782.7M | $461.7M |
总资产KAIPRGS
| Q4 25 | — | $2.5B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.4B | $1.5B |
负债/权益比KAIPRGS
| Q4 25 | — | 2.93× | ||
| Q3 25 | 0.27× | 2.97× | ||
| Q2 25 | 0.27× | 3.22× | ||
| Q1 25 | 0.31× | 3.50× | ||
| Q4 24 | 0.34× | 3.48× | ||
| 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 | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $59.9M |
| 自由现金流率自由现金流/营收 | 16.2% | 23.7% |
| 资本支出强度资本支出/营收 | 1.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.70× | 2.44× |
| 过去12个月自由现金流最近4个季度 | $145.9M | $229.5M |
8季度趋势，按日历期对齐
经营现金流KAIPRGS
| Q4 25 | — | $62.8M | ||
| Q3 25 | $47.3M | $73.4M | ||
| Q2 25 | $40.5M | $30.0M | ||
| Q1 25 | $22.8M | $68.9M | ||
| Q4 24 | $51.9M | $19.7M | ||
| Q3 24 | $52.5M | $57.7M | ||
| Q2 24 | $28.1M | $63.7M | ||
| Q1 24 | $22.8M | $70.5M |
自由现金流KAIPRGS
| Q4 25 | — | $59.9M | ||
| Q3 25 | $44.1M | $72.4M | ||
| Q2 25 | $36.5M | $29.5M | ||
| Q1 25 | $19.0M | $67.7M | ||
| Q4 24 | $46.3M | $16.8M | ||
| Q3 24 | $48.3M | $56.6M | ||
| Q2 24 | $23.1M | $62.7M | ||
| Q1 24 | $16.6M | $70.2M |
自由现金流率KAIPRGS
| Q4 25 | — | 23.7% | ||
| Q3 25 | 16.2% | 29.0% | ||
| Q2 25 | 14.3% | 12.4% | ||
| Q1 25 | 7.9% | 28.4% | ||
| Q4 24 | 17.9% | 7.8% | ||
| Q3 24 | 17.8% | 31.7% | ||
| Q2 24 | 8.4% | 35.8% | ||
| Q1 24 | 6.7% | 38.0% |
资本支出强度KAIPRGS
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.2% | 0.4% | ||
| Q2 25 | 1.6% | 0.2% | ||
| Q1 25 | 1.6% | 0.5% | ||
| Q4 24 | 2.2% | 1.3% | ||
| Q3 24 | 1.5% | 0.6% | ||
| Q2 24 | 1.8% | 0.5% | ||
| Q1 24 | 2.5% | 0.2% |
现金转化率KAIPRGS
| Q4 25 | — | 2.44× | ||
| Q3 25 | 1.70× | 3.78× | ||
| Q2 25 | 1.55× | 1.76× | ||
| Q1 25 | 0.95× | 6.30× | ||
| Q4 24 | 2.16× | 17.13× | ||
| Q3 24 | 1.66× | 2.03× | ||
| Q2 24 | 0.90× | 3.93× | ||
| Q1 24 | 0.92× | 3.11× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
