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KADANT INC（KAI）与Westrock Coffee Co（WEST）财务数据对比。点击上方公司名可切换其他公司
Westrock Coffee Co的季度营收约是KADANT INC的1.3倍（$339.5M vs $271.6M），KADANT INC净利率更高（10.2% vs -6.6%，领先16.9%），Westrock Coffee Co同比增速更快（48.3% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $27.8M），过去两年Westrock Coffee Co的营收复合增速更高（32.8% 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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
KAI vs WEST — 直观对比
营收规模更大
WEST
是对方的1.3倍
$271.6M
营收增速更快
WEST
高出48.3%
-0.0%
净利率更高
KAI
高出16.9%
-6.6%
自由现金流更多
KAI
多$16.3M
$27.8M
两年增速更快
WEST
近两年复合增速
6.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $339.5M |
| 净利润 | $27.7M | $-22.6M |
| 毛利率 | 45.2% | 11.5% |
| 营业利润率 | 15.7% | -2.6% |
| 净利率 | 10.2% | -6.6% |
| 营收同比 | -0.0% | 48.3% |
| 净利润同比 | -12.2% | 8.3% |
| 每股收益（稀释后） | $2.35 | $-0.22 |
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KAIWEST
| Q4 25 | — | $339.5M | ||
| Q3 25 | $271.6M | $354.8M | ||
| Q2 25 | $255.3M | $280.9M | ||
| Q1 25 | $239.2M | $213.8M | ||
| Q4 24 | $258.0M | $229.0M | ||
| Q3 24 | $271.6M | $220.9M | ||
| Q2 24 | $274.8M | $208.4M | ||
| Q1 24 | $249.0M | $192.5M |
净利润KAIWEST
| Q4 25 | — | $-22.6M | ||
| Q3 25 | $27.7M | $-19.1M | ||
| Q2 25 | $26.2M | $-21.6M | ||
| Q1 25 | $24.1M | $-27.2M | ||
| Q4 24 | $24.0M | $-24.6M | ||
| Q3 24 | $31.6M | $-14.3M | ||
| Q2 24 | $31.3M | $-17.8M | ||
| Q1 24 | $24.7M | $-23.7M |
毛利率KAIWEST
| Q4 25 | — | 11.5% | ||
| Q3 25 | 45.2% | 11.7% | ||
| Q2 25 | 45.9% | 14.7% | ||
| Q1 25 | 46.1% | 13.6% | ||
| Q4 24 | 43.4% | 16.6% | ||
| Q3 24 | 44.7% | 16.8% | ||
| Q2 24 | 44.4% | 19.9% | ||
| Q1 24 | 44.6% | 19.4% |
营业利润率KAIWEST
| Q4 25 | — | -2.6% | ||
| Q3 25 | 15.7% | -2.4% | ||
| Q2 25 | 15.4% | -5.3% | ||
| Q1 25 | 14.9% | -6.1% | ||
| Q4 24 | 14.3% | -4.3% | ||
| Q3 24 | 18.0% | -5.8% | ||
| Q2 24 | 17.6% | -7.9% | ||
| Q1 24 | 14.8% | -5.3% |
净利率KAIWEST
| Q4 25 | — | -6.6% | ||
| Q3 25 | 10.2% | -5.4% | ||
| Q2 25 | 10.2% | -7.7% | ||
| Q1 25 | 10.1% | -12.7% | ||
| Q4 24 | 9.3% | -10.7% | ||
| Q3 24 | 11.6% | -6.5% | ||
| Q2 24 | 11.4% | -8.5% | ||
| Q1 24 | 9.9% | -12.3% |
每股收益（稀释后）KAIWEST
| Q4 25 | — | $-0.22 | ||
| Q3 25 | $2.35 | $-0.20 | ||
| Q2 25 | $2.22 | $-0.23 | ||
| Q1 25 | $2.04 | $-0.29 | ||
| Q4 24 | $2.04 | $-0.26 | ||
| Q3 24 | $2.68 | $-0.16 | ||
| Q2 24 | $2.66 | $-0.20 | ||
| Q1 24 | $2.10 | $-0.27 |
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 | $49.9M |
| 总债务越低越好 | $254.6M | $444.1M |
| 股东权益账面价值 | $949.8M | $-1.9M |
| 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KAIWEST
| Q4 25 | — | $49.9M | ||
| Q3 25 | $124.5M | $34.0M | ||
| Q2 25 | $95.3M | $44.0M | ||
| Q1 25 | $91.7M | $33.1M | ||
| Q4 24 | $94.7M | $26.2M | ||
| Q3 24 | $88.4M | $22.4M | ||
| Q2 24 | $73.8M | $24.3M | ||
| Q1 24 | $81.4M | $12.6M |
总债务KAIWEST
| Q4 25 | — | $444.1M | ||
| Q3 25 | $254.6M | — | ||
| Q2 25 | $245.7M | — | ||
| Q1 25 | $273.5M | — | ||
| Q4 24 | $285.2M | $393.1M | ||
| Q3 24 | $323.2M | — | ||
| Q2 24 | $342.0M | — | ||
| Q1 24 | $306.8M | — |
股东权益KAIWEST
| Q4 25 | — | $-1.9M | ||
| Q3 25 | $949.8M | $11.4M | ||
| Q2 25 | $926.0M | $18.2M | ||
| Q1 25 | $876.0M | $71.4M | ||
| Q4 24 | $847.1M | $97.5M | ||
| Q3 24 | $851.7M | $110.3M | ||
| Q2 24 | $807.7M | $81.5M | ||
| Q1 24 | $782.7M | $91.7M |
总资产KAIWEST
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $983.3M |
负债/权益比KAIWEST
| Q4 25 | — | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 0.34× | 4.03× | ||
| 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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $27.8M |
| 自由现金流率自由现金流/营收 | 16.2% | 8.2% |
| 资本支出强度资本支出/营收 | 1.2% | 2.6% |
| 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 | $-107.8M |
8季度趋势，按日历期对齐
经营现金流KAIWEST
| Q4 25 | — | $36.7M | ||
| Q3 25 | $47.3M | $-26.6M | ||
| Q2 25 | $40.5M | $-7.0M | ||
| Q1 25 | $22.8M | $-22.1M | ||
| Q4 24 | $51.9M | $2.8M | ||
| Q3 24 | $52.5M | $-332.0K | ||
| Q2 24 | $28.1M | $-23.7M | ||
| Q1 24 | $22.8M | $8.0M |
自由现金流KAIWEST
| Q4 25 | — | $27.8M | ||
| Q3 25 | $44.1M | $-44.7M | ||
| Q2 25 | $36.5M | $-27.5M | ||
| Q1 25 | $19.0M | $-63.4M | ||
| Q4 24 | $46.3M | $-15.4M | ||
| Q3 24 | $48.3M | $-36.7M | ||
| Q2 24 | $23.1M | $-59.9M | ||
| Q1 24 | $16.6M | $-60.9M |
自由现金流率KAIWEST
| Q4 25 | — | 8.2% | ||
| Q3 25 | 16.2% | -12.6% | ||
| Q2 25 | 14.3% | -9.8% | ||
| Q1 25 | 7.9% | -29.7% | ||
| Q4 24 | 17.9% | -6.7% | ||
| Q3 24 | 17.8% | -16.6% | ||
| Q2 24 | 8.4% | -28.7% | ||
| Q1 24 | 6.7% | -31.7% |
资本支出强度KAIWEST
| Q4 25 | — | 2.6% | ||
| Q3 25 | 1.2% | 5.1% | ||
| Q2 25 | 1.6% | 7.3% | ||
| Q1 25 | 1.6% | 19.3% | ||
| Q4 24 | 2.2% | 7.9% | ||
| Q3 24 | 1.5% | 16.5% | ||
| Q2 24 | 1.8% | 17.4% | ||
| Q1 24 | 2.5% | 35.8% |
现金转化率KAIWEST
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.55× | — | ||
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
