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KADANT INC（KAI）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Upstart Holdings, Inc.的季度营收约是KADANT INC的1.1倍（$308.2M vs $271.6M），KADANT INC净利率更高（10.2% vs -2.2%，领先12.4%），Upstart Holdings, Inc.同比增速更快（44.4% vs -0.0%），过去两年Upstart Holdings, Inc.的营收复合增速更高（55.4% vs 6.7%）
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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
KAI vs UPST — 直观对比
营收规模更大
UPST
是对方的1.1倍
$271.6M
营收增速更快
UPST
高出44.5%
-0.0%
净利率更高
KAI
高出12.4%
-2.2%
两年增速更快
UPST
近两年复合增速
6.7%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $308.2M |
| 净利润 | $27.7M | $-6.6M |
| 毛利率 | 45.2% | — |
| 营业利润率 | 15.7% | -2.4% |
| 净利率 | 10.2% | -2.2% |
| 营收同比 | -0.0% | 44.4% |
| 净利润同比 | -12.2% | -171.6% |
| 每股收益（稀释后） | $2.35 | $-0.07 |
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KAIUPST
| Q1 26 | — | $308.2M | ||
| Q4 25 | — | $296.1M | ||
| Q3 25 | $271.6M | $277.1M | ||
| Q2 25 | $255.3M | $257.3M | ||
| Q1 25 | $239.2M | $213.4M | ||
| Q4 24 | $258.0M | $219.0M | ||
| Q3 24 | $271.6M | $162.1M | ||
| Q2 24 | $274.8M | $127.6M |
净利润KAIUPST
| Q1 26 | — | $-6.6M | ||
| Q4 25 | — | $18.6M | ||
| Q3 25 | $27.7M | $31.8M | ||
| Q2 25 | $26.2M | $5.6M | ||
| Q1 25 | $24.1M | $-2.4M | ||
| Q4 24 | $24.0M | $-2.8M | ||
| Q3 24 | $31.6M | $-6.8M | ||
| Q2 24 | $31.3M | $-54.5M |
毛利率KAIUPST
| Q1 26 | — | — | ||
| 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% | — |
营业利润率KAIUPST
| Q1 26 | — | -2.4% | ||
| Q4 25 | — | 6.4% | ||
| Q3 25 | 15.7% | 8.5% | ||
| Q2 25 | 15.4% | 1.8% | ||
| Q1 25 | 14.9% | -2.1% | ||
| Q4 24 | 14.3% | -2.2% | ||
| Q3 24 | 18.0% | -27.8% | ||
| Q2 24 | 17.6% | -43.5% |
净利率KAIUPST
| Q1 26 | — | -2.2% | ||
| Q4 25 | — | 6.3% | ||
| Q3 25 | 10.2% | 11.5% | ||
| Q2 25 | 10.2% | 2.2% | ||
| Q1 25 | 10.1% | -1.1% | ||
| Q4 24 | 9.3% | -1.3% | ||
| Q3 24 | 11.6% | -4.2% | ||
| Q2 24 | 11.4% | -42.7% |
每股收益（稀释后）KAIUPST
| Q1 26 | — | $-0.07 | ||
| Q4 25 | — | $0.20 | ||
| Q3 25 | $2.35 | $0.23 | ||
| Q2 25 | $2.22 | $0.05 | ||
| Q1 25 | $2.04 | $-0.03 | ||
| Q4 24 | $2.04 | $-0.01 | ||
| Q3 24 | $2.68 | $-0.07 | ||
| Q2 24 | $2.66 | $-0.62 |
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 | $472.9M |
| 总债务越低越好 | $254.6M | — |
| 股东权益账面价值 | $949.8M | $733.2M |
| 总资产 | $1.5B | $3.0B |
| 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KAIUPST
| Q1 26 | — | $472.9M | ||
| Q4 25 | — | $652.4M | ||
| Q3 25 | $124.5M | $489.8M | ||
| Q2 25 | $95.3M | $395.9M | ||
| Q1 25 | $91.7M | $599.8M | ||
| Q4 24 | $94.7M | $788.4M | ||
| Q3 24 | $88.4M | — | ||
| Q2 24 | $73.8M | — |
总债务KAIUPST
| 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KAIUPST
| Q1 26 | — | $733.2M | ||
| Q4 25 | — | $798.8M | ||
| Q3 25 | $949.8M | $743.7M | ||
| Q2 25 | $926.0M | $722.0M | ||
| Q1 25 | $876.0M | $676.6M | ||
| Q4 24 | $847.1M | $633.2M | ||
| Q3 24 | $851.7M | $595.5M | ||
| Q2 24 | $807.7M | $594.7M |
总资产KAIUPST
| Q1 26 | — | $3.0B | ||
| Q4 25 | — | $3.0B | ||
| Q3 25 | $1.5B | $2.9B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.5B | $1.8B |
负债/权益比KAIUPST
| 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 | $-133.3M |
| 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KAIUPST
| Q1 26 | — | $-133.3M | ||
| Q4 25 | — | $108.6M | ||
| Q3 25 | $47.3M | $-122.6M | ||
| Q2 25 | $40.5M | $-120.2M | ||
| Q1 25 | $22.8M | $-13.5M | ||
| Q4 24 | $51.9M | $-110.9M | ||
| Q3 24 | $52.5M | $179.3M | ||
| Q2 24 | $28.1M | $65.3M |
自由现金流KAIUPST
| Q1 26 | — | — | ||
| Q4 25 | — | $108.4M | ||
| Q3 25 | $44.1M | $-122.7M | ||
| Q2 25 | $36.5M | $-120.3M | ||
| Q1 25 | $19.0M | — | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $48.3M | $179.2M | ||
| Q2 24 | $23.1M | $65.3M |
自由现金流率KAIUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 36.6% | ||
| Q3 25 | 16.2% | -44.3% | ||
| Q2 25 | 14.3% | -46.7% | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 17.8% | 110.5% | ||
| Q2 24 | 8.4% | 51.1% |
资本支出强度KAIUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.2% | 0.0% | ||
| Q2 25 | 1.6% | 0.0% | ||
| Q1 25 | 1.6% | 0.0% | ||
| Q4 24 | 2.2% | 0.0% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 1.8% | 0.0% |
现金转化率KAIUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.82× | ||
| Q3 25 | 1.70× | -3.86× | ||
| Q2 25 | 1.55× | -21.43× | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 0.90× | — |
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% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
