vs
KADANT INC（KAI）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是KADANT INC的1.7倍（$461.6M vs $271.6M），KADANT INC同比增速更快（-0.0% vs -4.1%），过去两年KADANT INC的营收复合增速更高（6.7% vs -10.7%）
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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
KAI vs SAM — 直观对比
营收规模更大
SAM
是对方的1.7倍
$271.6M
营收增速更快
KAI
高出4.1%
-4.1%
两年增速更快
KAI
近两年复合增速
-10.7%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $461.6M |
| 净利润 | $27.7M | — |
| 毛利率 | 45.2% | 46.4% |
| 营业利润率 | 15.7% | 12.4% |
| 净利率 | 10.2% | — |
| 营收同比 | -0.0% | -4.1% |
| 净利润同比 | -12.2% | — |
| 每股收益（稀释后） | $2.35 | $2.16 |
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KAISAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | — | $385.7M | ||
| Q3 25 | $271.6M | $537.5M | ||
| Q2 25 | $255.3M | $587.9M | ||
| Q1 25 | $239.2M | $453.9M | ||
| Q4 24 | $258.0M | $402.3M | ||
| Q3 24 | $271.6M | $605.5M | ||
| Q2 24 | $274.8M | $579.1M |
净利润KAISAM
| Q1 26 | — | — | ||
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $27.7M | $46.2M | ||
| Q2 25 | $26.2M | $60.4M | ||
| Q1 25 | $24.1M | $24.4M | ||
| Q4 24 | $24.0M | $-38.8M | ||
| Q3 24 | $31.6M | $33.5M | ||
| Q2 24 | $31.3M | $52.3M |
毛利率KAISAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | 45.2% | 50.8% | ||
| Q2 25 | 45.9% | 49.8% | ||
| Q1 25 | 46.1% | 48.3% | ||
| Q4 24 | 43.4% | 39.9% | ||
| Q3 24 | 44.7% | 46.3% | ||
| Q2 24 | 44.4% | 46.0% |
营业利润率KAISAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | — | -8.6% | ||
| Q3 25 | 15.7% | 11.5% | ||
| Q2 25 | 15.4% | 14.0% | ||
| Q1 25 | 14.9% | 7.4% | ||
| Q4 24 | 14.3% | -13.9% | ||
| Q3 24 | 18.0% | 7.6% | ||
| Q2 24 | 17.6% | 12.2% |
净利率KAISAM
| Q1 26 | — | — | ||
| Q4 25 | — | -5.8% | ||
| Q3 25 | 10.2% | 8.6% | ||
| Q2 25 | 10.2% | 10.3% | ||
| Q1 25 | 10.1% | 5.4% | ||
| Q4 24 | 9.3% | -9.6% | ||
| Q3 24 | 11.6% | 5.5% | ||
| Q2 24 | 11.4% | 9.0% |
每股收益（稀释后）KAISAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | — | $-1.97 | ||
| Q3 25 | $2.35 | $4.25 | ||
| Q2 25 | $2.22 | $5.45 | ||
| Q1 25 | $2.04 | $2.16 | ||
| Q4 24 | $2.04 | $-3.23 | ||
| Q3 24 | $2.68 | $2.86 | ||
| Q2 24 | $2.66 | $4.39 |
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 | $164.1M |
| 总债务越低越好 | $254.6M | — |
| 股东权益账面价值 | $949.8M | $682.6M |
| 总资产 | $1.5B | $1.2B |
| 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KAISAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | — | $223.4M | ||
| Q3 25 | $124.5M | $250.5M | ||
| Q2 25 | $95.3M | $212.4M | ||
| Q1 25 | $91.7M | $152.5M | ||
| Q4 24 | $94.7M | $211.8M | ||
| Q3 24 | $88.4M | $255.6M | ||
| Q2 24 | $73.8M | $219.3M |
总债务KAISAM
| Q1 26 | — | — | ||
| 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 | — |
股东权益KAISAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | — | $846.3M | ||
| Q3 25 | $949.8M | $911.0M | ||
| Q2 25 | $926.0M | $912.3M | ||
| Q1 25 | $876.0M | $897.0M | ||
| Q4 24 | $847.1M | $916.2M | ||
| Q3 24 | $851.7M | $1.0B | ||
| Q2 24 | $807.7M | $1.0B |
总资产KAISAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $1.5B | $1.4B |
负债/权益比KAISAM
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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× | — |
| 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KAISAM
| Q1 26 | — | — | ||
| Q4 25 | — | $39.9M | ||
| Q3 25 | $47.3M | $101.8M | ||
| Q2 25 | $40.5M | $126.5M | ||
| Q1 25 | $22.8M | $1.9M | ||
| Q4 24 | $51.9M | $41.9M | ||
| Q3 24 | $52.5M | $115.9M | ||
| Q2 24 | $28.1M | $96.0M |
自由现金流KAISAM
| Q1 26 | — | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | $44.1M | $89.2M | ||
| Q2 25 | $36.5M | $112.2M | ||
| Q1 25 | $19.0M | $-8.0M | ||
| Q4 24 | $46.3M | $18.4M | ||
| Q3 24 | $48.3M | $99.2M | ||
| Q2 24 | $23.1M | $75.6M |
自由现金流率KAISAM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | 16.2% | 16.6% | ||
| Q2 25 | 14.3% | 19.1% | ||
| Q1 25 | 7.9% | -1.8% | ||
| Q4 24 | 17.9% | 4.6% | ||
| Q3 24 | 17.8% | 16.4% | ||
| Q2 24 | 8.4% | 13.1% |
资本支出强度KAISAM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 1.2% | 2.3% | ||
| Q2 25 | 1.6% | 2.4% | ||
| Q1 25 | 1.6% | 2.2% | ||
| Q4 24 | 2.2% | 5.8% | ||
| Q3 24 | 1.5% | 2.8% | ||
| Q2 24 | 1.8% | 3.5% |
现金转化率KAISAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | 2.21× | ||
| Q2 25 | 1.55× | 2.09× | ||
| Q1 25 | 0.95× | 0.08× | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 1.66× | 3.46× | ||
| Q2 24 | 0.90× | 1.83× |
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% |
SAM
暂无分部数据
