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KADANT INC（KAI）与印度钢铁管理局（SAIL）财务数据对比。点击上方公司名可切换其他公司
印度钢铁管理局的季度营收约是KADANT INC的1.0倍（$281.9M vs $271.6M），KADANT INC净利率更高（10.2% vs -12.8%，领先23.0%），印度钢铁管理局同比增速更快（6.7% vs -0.0%），印度钢铁管理局自由现金流更多（$52.5M vs $44.1M）
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。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
KAI vs SAIL — 直观对比
营收规模更大
SAIL
是对方的1.0倍
$271.6M
营收增速更快
SAIL
高出6.7%
-0.0%
净利率更高
KAI
高出23.0%
-12.8%
自由现金流更多
SAIL
多$8.5M
$44.1M
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $281.9M |
| 净利润 | $27.7M | $-36.0M |
| 毛利率 | 45.2% | 66.3% |
| 营业利润率 | 15.7% | -14.8% |
| 净利率 | 10.2% | -12.8% |
| 营收同比 | -0.0% | 6.7% |
| 净利润同比 | -12.2% | -240.9% |
| 每股收益（稀释后） | $2.35 | $-0.06 |
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KAISAIL
| Q4 25 | — | $281.9M | ||
| Q3 25 | $271.6M | $264.4M | ||
| Q2 25 | $255.3M | $230.5M | ||
| Q1 25 | $239.2M | $240.1M | ||
| Q4 24 | $258.0M | — | ||
| Q3 24 | $271.6M | $198.6M | ||
| Q2 24 | $274.8M | $187.7M | ||
| Q1 24 | $249.0M | — |
净利润KAISAIL
| Q4 25 | — | $-36.0M | ||
| Q3 25 | $27.7M | $-10.6M | ||
| Q2 25 | $26.2M | $-187.3M | ||
| Q1 25 | $24.1M | $-80.1M | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $31.6M | $-87.1M | ||
| Q2 24 | $31.3M | $-89.2M | ||
| Q1 24 | $24.7M | — |
毛利率KAISAIL
| Q4 25 | — | 66.3% | ||
| Q3 25 | 45.2% | 67.3% | ||
| Q2 25 | 45.9% | 55.4% | ||
| Q1 25 | 46.1% | 66.5% | ||
| Q4 24 | 43.4% | — | ||
| Q3 24 | 44.7% | 62.1% | ||
| Q2 24 | 44.4% | 61.5% | ||
| Q1 24 | 44.6% | — |
营业利润率KAISAIL
| Q4 25 | — | -14.8% | ||
| Q3 25 | 15.7% | -15.4% | ||
| Q2 25 | 15.4% | -80.3% | ||
| Q1 25 | 14.9% | -12.6% | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 18.0% | -33.2% | ||
| Q2 24 | 17.6% | -36.3% | ||
| Q1 24 | 14.8% | — |
净利率KAISAIL
| Q4 25 | — | -12.8% | ||
| Q3 25 | 10.2% | -4.0% | ||
| Q2 25 | 10.2% | -81.3% | ||
| Q1 25 | 10.1% | -33.4% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 11.6% | -43.9% | ||
| Q2 24 | 11.4% | -47.5% | ||
| Q1 24 | 9.9% | — |
每股收益（稀释后）KAISAIL
| Q4 25 | — | $-0.06 | ||
| Q3 25 | $2.35 | $-0.02 | ||
| Q2 25 | $2.22 | $-0.42 | ||
| Q1 25 | $2.04 | $-6.50 | ||
| Q4 24 | $2.04 | — | ||
| Q3 24 | $2.68 | $-2.97 | ||
| Q2 24 | $2.66 | $-0.77 | ||
| 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 | $298.1M |
| 总债务越低越好 | $254.6M | $0 |
| 股东权益账面价值 | $949.8M | $6.8B |
| 总资产 | $1.5B | $7.5B |
| 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KAISAIL
| Q4 25 | — | $298.1M | ||
| Q3 25 | $124.5M | $271.1M | ||
| Q2 25 | $95.3M | $228.1M | ||
| Q1 25 | $91.7M | $121.3M | ||
| Q4 24 | $94.7M | — | ||
| Q3 24 | $88.4M | $89.7M | ||
| Q2 24 | $73.8M | $146.8M | ||
| Q1 24 | $81.4M | — |
总债务KAISAIL
| Q4 25 | — | $0 | ||
| Q3 25 | $254.6M | $0 | ||
| Q2 25 | $245.7M | $0 | ||
| Q1 25 | $273.5M | $1.0B | ||
| Q4 24 | $285.2M | — | ||
| Q3 24 | $323.2M | — | ||
| Q2 24 | $342.0M | — | ||
| Q1 24 | $306.8M | — |
股东权益KAISAIL
| Q4 25 | — | $6.8B | ||
| Q3 25 | $949.8M | $6.8B | ||
| Q2 25 | $926.0M | $6.8B | ||
| Q1 25 | $876.0M | $-5.6B | ||
| Q4 24 | $847.1M | — | ||
| Q3 24 | $851.7M | $-701.3M | ||
| Q2 24 | $807.7M | $-622.5M | ||
| Q1 24 | $782.7M | — |
总资产KAISAIL
| Q4 25 | — | $7.5B | ||
| Q3 25 | $1.5B | $7.4B | ||
| Q2 25 | $1.5B | $7.4B | ||
| Q1 25 | $1.4B | $7.4B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
负债/权益比KAISAIL
| Q4 25 | — | 0.00× | ||
| Q3 25 | 0.27× | 0.00× | ||
| Q2 25 | 0.27× | 0.00× | ||
| 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 | $53.6M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $52.5M |
| 自由现金流率自由现金流/营收 | 16.2% | 18.6% |
| 资本支出强度资本支出/营收 | 1.2% | 0.4% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流KAISAIL
| Q4 25 | — | $53.6M | ||
| Q3 25 | $47.3M | $49.9M | ||
| Q2 25 | $40.5M | $-96.8M | ||
| Q1 25 | $22.8M | — | ||
| Q4 24 | $51.9M | — | ||
| Q3 24 | $52.5M | — | ||
| Q2 24 | $28.1M | $-55.4M | ||
| Q1 24 | $22.8M | — |
自由现金流KAISAIL
| Q4 25 | — | $52.5M | ||
| Q3 25 | $44.1M | $49.0M | ||
| Q2 25 | $36.5M | $-99.0M | ||
| Q1 25 | $19.0M | — | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $48.3M | — | ||
| Q2 24 | $23.1M | $-56.0M | ||
| Q1 24 | $16.6M | — |
自由现金流率KAISAIL
| Q4 25 | — | 18.6% | ||
| Q3 25 | 16.2% | 18.5% | ||
| Q2 25 | 14.3% | -43.0% | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 8.4% | -29.8% | ||
| Q1 24 | 6.7% | — |
资本支出强度KAISAIL
| Q4 25 | — | 0.4% | ||
| Q3 25 | 1.2% | 0.4% | ||
| Q2 25 | 1.6% | 1.0% | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.8% | 0.3% | ||
| Q1 24 | 2.5% | — |
现金转化率KAISAIL
| 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% |
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
