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KADANT INC（KAI）与Walker & Dunlop, Inc.（WD）财务数据对比。点击上方公司名可切换其他公司
Walker & Dunlop, Inc.的季度营收约是KADANT INC的1.3倍（$340.0M vs $271.6M），KADANT INC净利率更高（10.2% vs -12.9%，领先23.1%），KADANT INC同比增速更快（-0.0% vs -0.4%），KADANT INC自由现金流更多（$44.1M vs $-680.1M），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% 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。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
KAI vs WD — 直观对比
营收规模更大
WD
是对方的1.3倍
$271.6M
营收增速更快
KAI
高出0.4%
-0.4%
净利率更高
KAI
高出23.1%
-12.9%
自由现金流更多
KAI
多$724.1M
$-680.1M
两年增速更快
WD
近两年复合增速
6.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $340.0M |
| 净利润 | $27.7M | $-13.9M |
| 毛利率 | 45.2% | — |
| 营业利润率 | 15.7% | -17.2% |
| 净利率 | 10.2% | -12.9% |
| 营收同比 | -0.0% | -0.4% |
| 净利润同比 | -12.2% | -131.0% |
| 每股收益（稀释后） | $2.35 | $-0.41 |
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KAIWD
| Q4 25 | — | $340.0M | ||
| Q3 25 | $271.6M | $337.7M | ||
| Q2 25 | $255.3M | $319.2M | ||
| Q1 25 | $239.2M | $237.4M | ||
| Q4 24 | $258.0M | $341.5M | ||
| Q3 24 | $271.6M | $292.3M | ||
| Q2 24 | $274.8M | $270.7M | ||
| Q1 24 | $249.0M | $228.1M |
净利润KAIWD
| Q4 25 | — | $-13.9M | ||
| Q3 25 | $27.7M | $33.5M | ||
| Q2 25 | $26.2M | $34.0M | ||
| Q1 25 | $24.1M | $2.8M | ||
| Q4 24 | $24.0M | $44.8M | ||
| Q3 24 | $31.6M | $28.8M | ||
| Q2 24 | $31.3M | $22.7M | ||
| Q1 24 | $24.7M | $11.9M |
毛利率KAIWD
| 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KAIWD
| Q4 25 | — | -17.2% | ||
| Q3 25 | 15.7% | 13.6% | ||
| Q2 25 | 15.4% | 14.5% | ||
| Q1 25 | 14.9% | 2.2% | ||
| Q4 24 | 14.3% | 15.3% | ||
| Q3 24 | 18.0% | 12.8% | ||
| Q2 24 | 17.6% | 10.4% | ||
| Q1 24 | 14.8% | 6.0% |
净利率KAIWD
| Q4 25 | — | -12.9% | ||
| Q3 25 | 10.2% | 9.9% | ||
| Q2 25 | 10.2% | 10.6% | ||
| Q1 25 | 10.1% | 1.2% | ||
| Q4 24 | 9.3% | 13.1% | ||
| Q3 24 | 11.6% | 9.9% | ||
| Q2 24 | 11.4% | 8.4% | ||
| Q1 24 | 9.9% | 5.2% |
每股收益（稀释后）KAIWD
| Q4 25 | — | $-0.41 | ||
| Q3 25 | $2.35 | $0.98 | ||
| Q2 25 | $2.22 | $0.99 | ||
| Q1 25 | $2.04 | $0.08 | ||
| Q4 24 | $2.04 | $1.32 | ||
| Q3 24 | $2.68 | $0.85 | ||
| Q2 24 | $2.66 | $0.67 | ||
| Q1 24 | $2.10 | $0.35 |
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 | $299.3M |
| 总债务越低越好 | $254.6M | — |
| 股东权益账面价值 | $949.8M | $1.7B |
| 总资产 | $1.5B | $5.1B |
| 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KAIWD
| Q4 25 | — | $299.3M | ||
| Q3 25 | $124.5M | $274.8M | ||
| Q2 25 | $95.3M | $233.7M | ||
| Q1 25 | $91.7M | $181.0M | ||
| Q4 24 | $94.7M | $279.3M | ||
| Q3 24 | $88.4M | $179.8M | ||
| Q2 24 | $73.8M | $208.1M | ||
| Q1 24 | $81.4M | $216.5M |
总债务KAIWD
| 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KAIWD
| Q4 25 | — | $1.7B | ||
| Q3 25 | $949.8M | $1.8B | ||
| Q2 25 | $926.0M | $1.8B | ||
| Q1 25 | $876.0M | $1.7B | ||
| Q4 24 | $847.1M | $1.7B | ||
| Q3 24 | $851.7M | $1.7B | ||
| Q2 24 | $807.7M | $1.7B | ||
| Q1 24 | $782.7M | $1.7B |
总资产KAIWD
| Q4 25 | — | $5.1B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.5B | $4.7B | ||
| Q1 25 | $1.4B | $4.5B | ||
| Q4 24 | $1.4B | $4.4B | ||
| Q3 24 | $1.5B | $4.6B | ||
| Q2 24 | $1.5B | $4.2B | ||
| Q1 24 | $1.4B | $3.8B |
负债/权益比KAIWD
| 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 | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $-680.1M |
| 自由现金流率自由现金流/营收 | 16.2% | -200.0% |
| 资本支出强度资本支出/营收 | 1.2% | 4.6% |
| 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 | $-2.2B |
8季度趋势，按日历期对齐
经营现金流KAIWD
| Q4 25 | — | $-664.3M | ||
| Q3 25 | $47.3M | $-948.1M | ||
| Q2 25 | $40.5M | $-238.5M | ||
| Q1 25 | $22.8M | $-281.1M | ||
| Q4 24 | $51.9M | $129.4M | ||
| Q3 24 | $52.5M | $-202.0M | ||
| Q2 24 | $28.1M | $-237.8M | ||
| Q1 24 | $22.8M | $38.4M |
自由现金流KAIWD
| Q4 25 | — | $-680.1M | ||
| Q3 25 | $44.1M | $-950.4M | ||
| Q2 25 | $36.5M | $-241.0M | ||
| Q1 25 | $19.0M | $-284.7M | ||
| Q4 24 | $46.3M | $116.4M | ||
| Q3 24 | $48.3M | $-204.0M | ||
| Q2 24 | $23.1M | $-241.7M | ||
| Q1 24 | $16.6M | $35.2M |
自由现金流率KAIWD
| Q4 25 | — | -200.0% | ||
| Q3 25 | 16.2% | -281.5% | ||
| Q2 25 | 14.3% | -75.5% | ||
| Q1 25 | 7.9% | -120.0% | ||
| Q4 24 | 17.9% | 34.1% | ||
| Q3 24 | 17.8% | -69.8% | ||
| Q2 24 | 8.4% | -89.3% | ||
| Q1 24 | 6.7% | 15.4% |
资本支出强度KAIWD
| Q4 25 | — | 4.6% | ||
| Q3 25 | 1.2% | 0.7% | ||
| Q2 25 | 1.6% | 0.8% | ||
| Q1 25 | 1.6% | 1.5% | ||
| Q4 24 | 2.2% | 3.8% | ||
| Q3 24 | 1.5% | 0.7% | ||
| Q2 24 | 1.8% | 1.4% | ||
| Q1 24 | 2.5% | 1.4% |
现金转化率KAIWD
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | -28.34× | ||
| Q2 25 | 1.55× | -7.02× | ||
| Q1 25 | 0.95× | -102.07× | ||
| Q4 24 | 2.16× | 2.89× | ||
| Q3 24 | 1.66× | -7.01× | ||
| Q2 24 | 0.90× | -10.49× | ||
| Q1 24 | 0.92× | 3.24× |
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% |
WD
暂无分部数据
