vs
KADANT INC（KAI）与Regency Centers（REG）财务数据对比。点击上方公司名可切换其他公司
Regency Centers的季度营收约是KADANT INC的1.5倍（$404.2M vs $271.6M），Regency Centers净利率更高（50.1% vs 10.2%，领先39.9%），Regency Centers同比增速更快（8.5% vs -0.0%），过去两年KADANT INC的营收复合增速更高（6.7% vs 5.4%）
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。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
KAI vs REG — 直观对比
营收规模更大
REG
是对方的1.5倍
$271.6M
营收增速更快
REG
高出8.5%
-0.0%
净利率更高
REG
高出39.9%
10.2%
两年增速更快
KAI
近两年复合增速
5.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $404.2M |
| 净利润 | $27.7M | $202.5M |
| 毛利率 | 45.2% | — |
| 营业利润率 | 15.7% | 71.0% |
| 净利率 | 10.2% | 50.1% |
| 营收同比 | -0.0% | 8.5% |
| 净利润同比 | -12.2% | 134.1% |
| 每股收益（稀释后） | $2.35 | — |
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KAIREG
| Q4 25 | — | $404.2M | ||
| Q3 25 | $271.6M | $387.6M | ||
| Q2 25 | $255.3M | $380.8M | ||
| Q1 25 | $239.2M | $380.9M | ||
| Q4 24 | $258.0M | $372.5M | ||
| Q3 24 | $271.6M | $360.3M | ||
| Q2 24 | $274.8M | $357.3M | ||
| Q1 24 | $249.0M | $363.9M |
净利润KAIREG
| Q4 25 | — | $202.5M | ||
| Q3 25 | $27.7M | $109.4M | ||
| Q2 25 | $26.2M | $106.0M | ||
| Q1 25 | $24.1M | $109.6M | ||
| Q4 24 | $24.0M | $86.5M | ||
| Q3 24 | $31.6M | $101.5M | ||
| Q2 24 | $31.3M | $102.7M | ||
| Q1 24 | $24.7M | $109.8M |
毛利率KAIREG
| Q4 25 | — | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.9% | — | ||
| Q1 25 | 46.1% | — | ||
| Q4 24 | 43.4% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.4% | — | ||
| Q1 24 | 44.6% | — |
营业利润率KAIREG
| Q4 25 | — | 71.0% | ||
| Q3 25 | 15.7% | 72.7% | ||
| Q2 25 | 15.4% | 73.8% | ||
| Q1 25 | 14.9% | 71.8% | ||
| Q4 24 | 14.3% | 71.1% | ||
| Q3 24 | 18.0% | 72.5% | ||
| Q2 24 | 17.6% | 72.3% | ||
| Q1 24 | 14.8% | 72.3% |
净利率KAIREG
| Q4 25 | — | 50.1% | ||
| Q3 25 | 10.2% | 28.2% | ||
| Q2 25 | 10.2% | 27.8% | ||
| Q1 25 | 10.1% | 28.8% | ||
| Q4 24 | 9.3% | 23.2% | ||
| Q3 24 | 11.6% | 28.2% | ||
| Q2 24 | 11.4% | 28.7% | ||
| Q1 24 | 9.9% | 30.2% |
每股收益（稀释后）KAIREG
| Q4 25 | — | — | ||
| Q3 25 | $2.35 | — | ||
| Q2 25 | $2.22 | — | ||
| Q1 25 | $2.04 | — | ||
| Q4 24 | $2.04 | — | ||
| Q3 24 | $2.68 | — | ||
| Q2 24 | $2.66 | — | ||
| Q1 24 | $2.10 | — |
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 | — |
| 总债务越低越好 | $254.6M | $4.7B |
| 股东权益账面价值 | $949.8M | $6.9B |
| 总资产 | $1.5B | $13.0B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资KAIREG
| Q4 25 | — | — | ||
| Q3 25 | $124.5M | — | ||
| Q2 25 | $95.3M | — | ||
| Q1 25 | $91.7M | — | ||
| Q4 24 | $94.7M | — | ||
| Q3 24 | $88.4M | — | ||
| Q2 24 | $73.8M | — | ||
| Q1 24 | $81.4M | — |
总债务KAIREG
| Q4 25 | — | $4.7B | ||
| Q3 25 | $254.6M | $4.9B | ||
| Q2 25 | $245.7M | $4.8B | ||
| Q1 25 | $273.5M | $4.6B | ||
| Q4 24 | $285.2M | $4.4B | ||
| Q3 24 | $323.2M | $4.4B | ||
| Q2 24 | $342.0M | $4.4B | ||
| Q1 24 | $306.8M | $4.4B |
股东权益KAIREG
| Q4 25 | — | $6.9B | ||
| Q3 25 | $949.8M | $6.8B | ||
| Q2 25 | $926.0M | $6.7B | ||
| Q1 25 | $876.0M | $6.7B | ||
| Q4 24 | $847.1M | $6.7B | ||
| Q3 24 | $851.7M | $6.8B | ||
| Q2 24 | $807.7M | $6.8B | ||
| Q1 24 | $782.7M | $7.0B |
总资产KAIREG
| Q4 25 | — | $13.0B | ||
| Q3 25 | $1.5B | $13.1B | ||
| Q2 25 | $1.5B | $12.7B | ||
| Q1 25 | $1.4B | $12.6B | ||
| Q4 24 | $1.4B | $12.4B | ||
| Q3 24 | $1.5B | $12.4B | ||
| Q2 24 | $1.5B | $12.4B | ||
| Q1 24 | $1.4B | $12.7B |
负债/权益比KAIREG
| Q4 25 | — | 0.69× | ||
| Q3 25 | 0.27× | 0.72× | ||
| Q2 25 | 0.27× | 0.72× | ||
| Q1 25 | 0.31× | 0.69× | ||
| Q4 24 | 0.34× | 0.66× | ||
| Q3 24 | 0.38× | 0.65× | ||
| Q2 24 | 0.42× | 0.64× | ||
| Q1 24 | 0.39× | 0.63× |
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 | $203.9M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | — |
| 自由现金流率自由现金流/营收 | 16.2% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | 1.70× | 1.01× |
| 过去12个月自由现金流最近4个季度 | $145.9M | — |
8季度趋势，按日历期对齐
经营现金流KAIREG
| Q4 25 | — | $203.9M | ||
| Q3 25 | $47.3M | $218.7M | ||
| Q2 25 | $40.5M | $244.0M | ||
| Q1 25 | $22.8M | $161.0M | ||
| Q4 24 | $51.9M | $191.4M | ||
| Q3 24 | $52.5M | $227.6M | ||
| Q2 24 | $28.1M | $203.5M | ||
| Q1 24 | $22.8M | $167.8M |
自由现金流KAIREG
| Q4 25 | — | — | ||
| Q3 25 | $44.1M | — | ||
| Q2 25 | $36.5M | — | ||
| Q1 25 | $19.0M | — | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $48.3M | — | ||
| Q2 24 | $23.1M | — | ||
| Q1 24 | $16.6M | — |
自由现金流率KAIREG
| Q4 25 | — | — | ||
| Q3 25 | 16.2% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 8.4% | — | ||
| Q1 24 | 6.7% | — |
资本支出强度KAIREG
| Q4 25 | — | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 2.5% | — |
现金转化率KAIREG
| Q4 25 | — | 1.01× | ||
| Q3 25 | 1.70× | 2.00× | ||
| Q2 25 | 1.55× | 2.30× | ||
| Q1 25 | 0.95× | 1.47× | ||
| Q4 24 | 2.16× | 2.21× | ||
| Q3 24 | 1.66× | 2.24× | ||
| Q2 24 | 0.90× | 1.98× | ||
| 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% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
