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KADANT INC（KAI）与Thermon Group Holdings, Inc.（THR）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Thermon Group Holdings, Inc.的1.8倍（$271.6M vs $147.3M），Thermon Group Holdings, Inc.净利率更高（12.4% vs 10.2%，领先2.2%），Thermon Group Holdings, Inc.同比增速更快（9.6% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $13.1M）
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。
Thermon Group Holdings是全球专业热管理解决方案供应商，主打伴热系统、加热电缆、温控监测设备及相关安装支持服务，服务油气、化工、发电、食品饮料等核心工业领域，业务覆盖北美、欧洲、亚太、拉美等全球主要市场。
KAI vs THR — 直观对比
营收规模更大
KAI
是对方的1.8倍
$147.3M
营收增速更快
THR
高出9.7%
-0.0%
净利率更高
THR
高出2.2%
10.2%
自由现金流更多
KAI
多$31.0M
$13.1M
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $147.3M |
| 净利润 | $27.7M | $18.3M |
| 毛利率 | 45.2% | 46.6% |
| 营业利润率 | 15.7% | 18.1% |
| 净利率 | 10.2% | 12.4% |
| 营收同比 | -0.0% | 9.6% |
| 净利润同比 | -12.2% | -1.3% |
| 每股收益（稀释后） | $2.35 | $0.55 |
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KAITHR
| Q4 25 | — | $147.3M | ||
| Q3 25 | $271.6M | $131.7M | ||
| Q2 25 | $255.3M | $108.9M | ||
| Q1 25 | $239.2M | — | ||
| Q4 24 | $258.0M | — | ||
| Q3 24 | $271.6M | — | ||
| Q2 24 | $274.8M | — | ||
| Q1 24 | $249.0M | — |
净利润KAITHR
| Q4 25 | — | $18.3M | ||
| Q3 25 | $27.7M | $15.0M | ||
| Q2 25 | $26.2M | $8.6M | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $31.6M | — | ||
| Q2 24 | $31.3M | — | ||
| Q1 24 | $24.7M | — |
毛利率KAITHR
| Q4 25 | — | 46.6% | ||
| Q3 25 | 45.2% | 46.4% | ||
| Q2 25 | 45.9% | 44.1% | ||
| 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KAITHR
| Q4 25 | — | 18.1% | ||
| Q3 25 | 15.7% | 16.4% | ||
| Q2 25 | 15.4% | 10.8% | ||
| Q1 25 | 14.9% | — | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 17.6% | — | ||
| Q1 24 | 14.8% | — |
净利率KAITHR
| Q4 25 | — | 12.4% | ||
| Q3 25 | 10.2% | 11.4% | ||
| Q2 25 | 10.2% | 7.9% | ||
| Q1 25 | 10.1% | — | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 11.6% | — | ||
| Q2 24 | 11.4% | — | ||
| Q1 24 | 9.9% | — |
每股收益（稀释后）KAITHR
| Q4 25 | — | $0.55 | ||
| Q3 25 | $2.35 | $0.45 | ||
| Q2 25 | $2.22 | $0.26 | ||
| 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 | $46.9M |
| 总债务越低越好 | $254.6M | — |
| 股东权益账面价值 | $949.8M | $538.7M |
| 总资产 | $1.5B | $816.7M |
| 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KAITHR
| Q4 25 | — | $46.9M | ||
| Q3 25 | $124.5M | $29.7M | ||
| Q2 25 | $95.3M | $36.5M | ||
| Q1 25 | $91.7M | — | ||
| Q4 24 | $94.7M | — | ||
| Q3 24 | $88.4M | — | ||
| Q2 24 | $73.8M | — | ||
| Q1 24 | $81.4M | — |
总债务KAITHR
| 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KAITHR
| Q4 25 | — | $538.7M | ||
| Q3 25 | $949.8M | $515.2M | ||
| Q2 25 | $926.0M | $509.3M | ||
| Q1 25 | $876.0M | — | ||
| Q4 24 | $847.1M | — | ||
| Q3 24 | $851.7M | — | ||
| Q2 24 | $807.7M | — | ||
| Q1 24 | $782.7M | — |
总资产KAITHR
| Q4 25 | — | $816.7M | ||
| Q3 25 | $1.5B | $778.2M | ||
| Q2 25 | $1.5B | $765.3M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
负债/权益比KAITHR
| 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 | $18.0M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $13.1M |
| 自由现金流率自由现金流/营收 | 16.2% | 8.9% |
| 资本支出强度资本支出/营收 | 1.2% | 3.3% |
| 现金转化率经营现金流/净利润 | 1.70× | 0.98× |
| 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KAITHR
| Q4 25 | — | $18.0M | ||
| Q3 25 | $47.3M | $7.4M | ||
| Q2 25 | $40.5M | $10.7M | ||
| Q1 25 | $22.8M | — | ||
| Q4 24 | $51.9M | — | ||
| Q3 24 | $52.5M | — | ||
| Q2 24 | $28.1M | — | ||
| Q1 24 | $22.8M | — |
自由现金流KAITHR
| Q4 25 | — | $13.1M | ||
| Q3 25 | $44.1M | $4.4M | ||
| Q2 25 | $36.5M | $8.3M | ||
| 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KAITHR
| Q4 25 | — | 8.9% | ||
| Q3 25 | 16.2% | 3.3% | ||
| Q2 25 | 14.3% | 7.6% | ||
| 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KAITHR
| Q4 25 | — | 3.3% | ||
| Q3 25 | 1.2% | 2.3% | ||
| Q2 25 | 1.6% | 2.2% | ||
| 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KAITHR
| Q4 25 | — | 0.98× | ||
| Q3 25 | 1.70× | 0.50× | ||
| Q2 25 | 1.55× | 1.25× | ||
| 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% |
THR
| Other | $73.7M | 50% |
| Transferred At Point In Time | $56.1M | 38% |
| Transferred Over Time | $17.5M | 12% |
