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KADANT INC（KAI）与GIBRALTAR INDUSTRIES, INC.（ROCK）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GIBRALTAR INDUSTRIES, INC.的1.2倍（$271.6M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $26.2M），过去两年KADANT INC的营收复合增速更高（6.7% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
KAI vs ROCK — 直观对比
营收规模更大
KAI
是对方的1.2倍
$225.0M
营收增速更快
ROCK
高出25.0%
-0.0%
自由现金流更多
KAI
多$17.8M
$26.2M
两年增速更快
KAI
近两年复合增速
-12.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $225.0M |
| 净利润 | $27.7M | — |
| 毛利率 | 45.2% | 25.3% |
| 营业利润率 | 15.7% | 7.9% |
| 净利率 | 10.2% | — |
| 营收同比 | -0.0% | 24.9% |
| 净利润同比 | -12.2% | — |
| 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KAIROCK
| Q4 25 | — | $225.0M | ||
| Q3 25 | $271.6M | $310.9M | ||
| Q2 25 | $255.3M | $309.5M | ||
| Q1 25 | $239.2M | $290.0M | ||
| Q4 24 | $258.0M | $180.1M | ||
| Q3 24 | $271.6M | $277.1M | ||
| Q2 24 | $274.8M | $273.6M | ||
| Q1 24 | $249.0M | $292.5M |
净利润KAIROCK
| Q4 25 | — | — | ||
| Q3 25 | $27.7M | $-89.1M | ||
| Q2 25 | $26.2M | $26.0M | ||
| Q1 25 | $24.1M | $21.1M | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $31.6M | $34.0M | ||
| Q2 24 | $31.3M | $32.2M | ||
| Q1 24 | $24.7M | $24.9M |
毛利率KAIROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | 45.2% | 26.6% | ||
| Q2 25 | 45.9% | 28.4% | ||
| Q1 25 | 46.1% | 26.8% | ||
| Q4 24 | 43.4% | 29.0% | ||
| Q3 24 | 44.7% | 29.4% | ||
| Q2 24 | 44.4% | 30.5% | ||
| Q1 24 | 44.6% | 28.9% |
营业利润率KAIROCK
| Q4 25 | — | 7.9% | ||
| Q3 25 | 15.7% | 12.8% | ||
| Q2 25 | 15.4% | 12.8% | ||
| Q1 25 | 14.9% | 8.8% | ||
| Q4 24 | 14.3% | 13.3% | ||
| Q3 24 | 18.0% | 15.6% | ||
| Q2 24 | 17.6% | 14.9% | ||
| Q1 24 | 14.8% | 10.8% |
净利率KAIROCK
| Q4 25 | — | — | ||
| Q3 25 | 10.2% | -28.6% | ||
| Q2 25 | 10.2% | 8.4% | ||
| Q1 25 | 10.1% | 7.3% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 11.6% | 12.3% | ||
| Q2 24 | 11.4% | 11.8% | ||
| Q1 24 | 9.9% | 8.5% |
每股收益（稀释后）KAIROCK
| Q4 25 | — | — | ||
| Q3 25 | $2.35 | $-2.98 | ||
| Q2 25 | $2.22 | $0.87 | ||
| Q1 25 | $2.04 | — | ||
| Q4 24 | $2.04 | — | ||
| Q3 24 | $2.68 | $1.11 | ||
| Q2 24 | $2.66 | $1.05 | ||
| 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 | $115.7M |
| 总债务越低越好 | $254.6M | $0 |
| 股东权益账面价值 | $949.8M | $950.4M |
| 总资产 | $1.5B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资KAIROCK
| Q4 25 | — | $115.7M | ||
| Q3 25 | $124.5M | $89.4M | ||
| Q2 25 | $95.3M | $43.3M | ||
| Q1 25 | $91.7M | $25.1M | ||
| Q4 24 | $94.7M | $269.5M | ||
| Q3 24 | $88.4M | $228.9M | ||
| Q2 24 | $73.8M | $179.1M | ||
| Q1 24 | $81.4M | $146.7M |
总债务KAIROCK
| Q4 25 | — | $0 | ||
| Q3 25 | $254.6M | $0 | ||
| Q2 25 | $245.7M | $0 | ||
| Q1 25 | $273.5M | $0 | ||
| Q4 24 | $285.2M | $0 | ||
| Q3 24 | $323.2M | $0 | ||
| Q2 24 | $342.0M | $0 | ||
| Q1 24 | $306.8M | $0 |
股东权益KAIROCK
| Q4 25 | — | $950.4M | ||
| Q3 25 | $949.8M | $951.8M | ||
| Q2 25 | $926.0M | $1.0B | ||
| Q1 25 | $876.0M | $1.0B | ||
| Q4 24 | $847.1M | $1.0B | ||
| Q3 24 | $851.7M | $1.0B | ||
| Q2 24 | $807.7M | $975.7M | ||
| Q1 24 | $782.7M | $940.2M |
总资产KAIROCK
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.4B | $1.3B |
负债/权益比KAIROCK
| Q4 25 | — | 0.00× | ||
| Q3 25 | 0.27× | 0.00× | ||
| Q2 25 | 0.27× | 0.00× | ||
| Q1 25 | 0.31× | 0.00× | ||
| Q4 24 | 0.34× | 0.00× | ||
| Q3 24 | 0.38× | 0.00× | ||
| Q2 24 | 0.42× | 0.00× | ||
| Q1 24 | 0.39× | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $26.2M |
| 自由现金流率自由现金流/营收 | 16.2% | 11.7% |
| 资本支出强度资本支出/营收 | 1.2% | 4.1% |
| 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 | $120.6M |
8季度趋势，按日历期对齐
经营现金流KAIROCK
| Q4 25 | — | $35.5M | ||
| Q3 25 | $47.3M | $73.0M | ||
| Q2 25 | $40.5M | $44.9M | ||
| Q1 25 | $22.8M | $13.7M | ||
| Q4 24 | $51.9M | $19.9M | ||
| Q3 24 | $52.5M | $64.7M | ||
| Q2 24 | $28.1M | $36.5M | ||
| Q1 24 | $22.8M | $53.2M |
自由现金流KAIROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | $44.1M | $64.8M | ||
| Q2 25 | $36.5M | $27.3M | ||
| Q1 25 | $19.0M | $2.3M | ||
| Q4 24 | $46.3M | $14.1M | ||
| Q3 24 | $48.3M | $60.5M | ||
| Q2 24 | $23.1M | $33.5M | ||
| Q1 24 | $16.6M | $48.8M |
自由现金流率KAIROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | 16.2% | 20.8% | ||
| Q2 25 | 14.3% | 8.8% | ||
| Q1 25 | 7.9% | 0.8% | ||
| Q4 24 | 17.9% | 7.8% | ||
| Q3 24 | 17.8% | 21.8% | ||
| Q2 24 | 8.4% | 12.2% | ||
| Q1 24 | 6.7% | 16.7% |
资本支出强度KAIROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | 1.2% | 2.6% | ||
| Q2 25 | 1.6% | 5.7% | ||
| Q1 25 | 1.6% | 3.9% | ||
| Q4 24 | 2.2% | 3.3% | ||
| Q3 24 | 1.5% | 1.5% | ||
| Q2 24 | 1.8% | 1.1% | ||
| Q1 24 | 2.5% | 1.5% |
现金转化率KAIROCK
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.55× | 1.73× | ||
| Q1 25 | 0.95× | 0.65× | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 1.66× | 1.90× | ||
| Q2 24 | 0.90× | 1.13× | ||
| Q1 24 | 0.92× | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
