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KADANT INC（KAI）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是KADANT INC的1.8倍（$492.9M vs $271.6M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 10.2%，领先9.5%），STARWOOD PROPERTY TRUST, INC.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 -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
KAI vs STWD — 直观对比
营收规模更大
STWD
是对方的1.8倍
$271.6M
营收增速更快
STWD
高出8.5%
-0.0%
净利率更高
STWD
高出9.5%
10.2%
两年增速更快
KAI
近两年复合增速
-2.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $492.9M |
| 净利润 | $27.7M | $96.9M |
| 毛利率 | 45.2% | — |
| 营业利润率 | 15.7% | 26.6% |
| 净利率 | 10.2% | 19.7% |
| 营收同比 | -0.0% | 8.5% |
| 净利润同比 | -12.2% | 87.7% |
| 每股收益（稀释后） | $2.35 | $0.25 |
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KAISTWD
| Q4 25 | — | $492.9M | ||
| Q3 25 | $271.6M | $488.9M | ||
| Q2 25 | $255.3M | $444.3M | ||
| Q1 25 | $239.2M | $418.2M | ||
| Q4 24 | $258.0M | $454.4M | ||
| Q3 24 | $271.6M | $479.5M | ||
| Q2 24 | $274.8M | $489.8M | ||
| Q1 24 | $249.0M | $523.1M |
净利润KAISTWD
| Q4 25 | — | $96.9M | ||
| Q3 25 | $27.7M | $72.6M | ||
| Q2 25 | $26.2M | $129.8M | ||
| Q1 25 | $24.1M | $112.3M | ||
| Q4 24 | $24.0M | $51.6M | ||
| Q3 24 | $31.6M | $76.1M | ||
| Q2 24 | $31.3M | $77.9M | ||
| Q1 24 | $24.7M | $154.3M |
毛利率KAISTWD
| 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KAISTWD
| Q4 25 | — | 26.6% | ||
| Q3 25 | 15.7% | 19.1% | ||
| Q2 25 | 15.4% | 30.5% | ||
| Q1 25 | 14.9% | 28.7% | ||
| Q4 24 | 14.3% | 15.1% | ||
| Q3 24 | 18.0% | 17.2% | ||
| Q2 24 | 17.6% | 19.1% | ||
| Q1 24 | 14.8% | 30.8% |
净利率KAISTWD
| Q4 25 | — | 19.7% | ||
| Q3 25 | 10.2% | 14.8% | ||
| Q2 25 | 10.2% | 29.2% | ||
| Q1 25 | 10.1% | 26.8% | ||
| Q4 24 | 9.3% | 11.4% | ||
| Q3 24 | 11.6% | 15.9% | ||
| Q2 24 | 11.4% | 15.9% | ||
| Q1 24 | 9.9% | 29.5% |
每股收益（稀释后）KAISTWD
| Q4 25 | — | $0.25 | ||
| Q3 25 | $2.35 | $0.19 | ||
| Q2 25 | $2.22 | $0.38 | ||
| Q1 25 | $2.04 | $0.33 | ||
| Q4 24 | $2.04 | $0.15 | ||
| Q3 24 | $2.68 | $0.23 | ||
| Q2 24 | $2.66 | $0.24 | ||
| Q1 24 | $2.10 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $254.6M | — |
| 股东权益账面价值 | $949.8M | $6.8B |
| 总资产 | $1.5B | $63.2B |
| 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KAISTWD
| Q4 25 | — | $499.5M | ||
| Q3 25 | $124.5M | $301.1M | ||
| Q2 25 | $95.3M | $259.9M | ||
| Q1 25 | $91.7M | $440.6M | ||
| Q4 24 | $94.7M | $377.8M | ||
| Q3 24 | $88.4M | $357.9M | ||
| Q2 24 | $73.8M | $259.3M | ||
| Q1 24 | $81.4M | $327.4M |
总债务KAISTWD
| 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 | — | ||
| Q1 24 | $306.8M | — |
股东权益KAISTWD
| Q4 25 | — | $6.8B | ||
| Q3 25 | $949.8M | $6.9B | ||
| Q2 25 | $926.0M | $6.4B | ||
| Q1 25 | $876.0M | $6.4B | ||
| Q4 24 | $847.1M | $6.4B | ||
| Q3 24 | $851.7M | $6.5B | ||
| Q2 24 | $807.7M | $6.2B | ||
| Q1 24 | $782.7M | $6.3B |
总资产KAISTWD
| Q4 25 | — | $63.2B | ||
| Q3 25 | $1.5B | $62.4B | ||
| Q2 25 | $1.5B | $62.4B | ||
| Q1 25 | $1.4B | $62.2B | ||
| Q4 24 | $1.4B | $62.6B | ||
| Q3 24 | $1.5B | $64.2B | ||
| Q2 24 | $1.5B | $64.1B | ||
| Q1 24 | $1.4B | $66.2B |
负债/权益比KAISTWD
| 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× | — | ||
| 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 | $488.8M |
| 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× | 5.04× |
| 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KAISTWD
| Q4 25 | — | $488.8M | ||
| Q3 25 | $47.3M | $337.6M | ||
| Q2 25 | $40.5M | $-87.4M | ||
| Q1 25 | $22.8M | $238.9M | ||
| Q4 24 | $51.9M | $295.6M | ||
| Q3 24 | $52.5M | $241.8M | ||
| Q2 24 | $28.1M | $53.3M | ||
| Q1 24 | $22.8M | $55.9M |
自由现金流KAISTWD
| 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KAISTWD
| 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KAISTWD
| 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KAISTWD
| Q4 25 | — | 5.04× | ||
| Q3 25 | 1.70× | 4.65× | ||
| Q2 25 | 1.55× | -0.67× | ||
| Q1 25 | 0.95× | 2.13× | ||
| Q4 24 | 2.16× | 5.72× | ||
| Q3 24 | 1.66× | 3.18× | ||
| Q2 24 | 0.90× | 0.68× | ||
| Q1 24 | 0.92× | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
