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KAISER ALUMINUM CORP（KALU）与Paychex（PAYX）财务数据对比。点击上方公司名可切换其他公司
Paychex的季度营收约是KAISER ALUMINUM CORP的1.6倍（$1.5B vs $929.0M），Paychex净利率更高（26.3% vs 3.0%，领先23.3%），KAISER ALUMINUM CORP同比增速更快（21.4% vs 17.4%），Paychex自由现金流更多（$382.8M vs $-51.1M），过去两年KAISER ALUMINUM CORP的营收复合增速更高（12.2% vs 3.8%）
凯撒铝业是美国知名铝产品生产商，前身为凯撒铝业化工公司。其历史可追溯至Permanente Metals公司，该公司公开发行普通股后更名为凯撒铝业化工公司，后续拆分出现在的凯撒铝业，深耕铝材料生产领域，为下游多行业提供铝制品解决方案。
Paychex是美国知名人力资源服务提供商，1971年成立，总部位于纽约州罗切斯特，面向中小微企业提供薪资管理、人力资源外包、员工福利外包等服务。目前在美欧地区拥有超100个办事处，服务约80万家薪资客户，位列《财富》500强第681位。
KALU vs PAYX — 直观对比
营收规模更大
PAYX
是对方的1.6倍
$929.0M
营收增速更快
KALU
高出4.0%
17.4%
净利率更高
PAYX
高出23.3%
3.0%
自由现金流更多
PAYX
多$433.9M
$-51.1M
两年增速更快
KALU
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $929.0M | $1.5B |
| 净利润 | $28.2M | $395.4M |
| 毛利率 | 13.3% | 72.6% |
| 营业利润率 | 6.5% | 38.0% |
| 净利率 | 3.0% | 26.3% |
| 营收同比 | 21.4% | 17.4% |
| 净利润同比 | 42.4% | -4.4% |
| 每股收益（稀释后） | $1.67 | $1.10 |
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KALUPAYX
| Q4 25 | $929.0M | $1.5B | ||
| Q3 25 | $843.5M | $1.5B | ||
| Q2 25 | $823.1M | $1.4B | ||
| Q1 25 | $777.4M | $1.5B | ||
| Q4 24 | $765.4M | $1.3B | ||
| Q3 24 | $747.7M | $1.3B | ||
| Q2 24 | $773.4M | $1.3B | ||
| Q1 24 | $737.5M | $1.4B |
净利润KALUPAYX
| Q4 25 | $28.2M | $395.4M | ||
| Q3 25 | $39.5M | $383.8M | ||
| Q2 25 | $23.2M | $297.2M | ||
| Q1 25 | $21.6M | $519.3M | ||
| Q4 24 | $19.8M | $413.4M | ||
| Q3 24 | $8.8M | $427.4M | ||
| Q2 24 | $18.9M | $379.9M | ||
| Q1 24 | $18.2M | $498.6M |
毛利率KALUPAYX
| Q4 25 | 13.3% | 72.6% | ||
| Q3 25 | 13.6% | 72.3% | ||
| Q2 25 | 12.2% | 71.5% | ||
| Q1 25 | 13.4% | 73.6% | ||
| Q4 24 | 12.5% | 70.4% | ||
| Q3 24 | 9.6% | 70.3% | ||
| Q2 24 | 13.4% | 70.1% | ||
| Q1 24 | 11.7% | 72.8% |
营业利润率KALUPAYX
| Q4 25 | 6.5% | 38.0% | ||
| Q3 25 | 5.8% | 36.3% | ||
| Q2 25 | 4.6% | 31.2% | ||
| Q1 25 | 5.3% | 47.2% | ||
| Q4 24 | 5.0% | 42.0% | ||
| Q3 24 | 1.8% | 42.7% | ||
| Q2 24 | 4.7% | 38.3% | ||
| Q1 24 | 3.3% | 46.6% |
净利率KALUPAYX
| Q4 25 | 3.0% | 26.3% | ||
| Q3 25 | 4.7% | 25.7% | ||
| Q2 25 | 2.8% | 21.5% | ||
| Q1 25 | 2.8% | 35.4% | ||
| Q4 24 | 2.6% | 32.3% | ||
| Q3 24 | 1.2% | 33.4% | ||
| Q2 24 | 2.4% | 30.2% | ||
| Q1 24 | 2.5% | 35.7% |
每股收益（稀释后）KALUPAYX
| Q4 25 | $1.67 | $1.10 | ||
| Q3 25 | $2.38 | $1.06 | ||
| Q2 25 | $1.41 | $0.83 | ||
| Q1 25 | $1.31 | $1.43 | ||
| Q4 24 | $1.21 | $1.14 | ||
| Q3 24 | $0.54 | $1.18 | ||
| Q2 24 | $1.15 | $1.05 | ||
| Q1 24 | $1.12 | $1.38 |
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 | $7.0M | $1.5B |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $826.1M | $3.9B |
| 总资产 | $2.6B | $16.5B |
| 负债/权益比越低杠杆越低 | — | 1.28× |
8季度趋势，按日历期对齐
现金及短期投资KALUPAYX
| Q4 25 | $7.0M | $1.5B | ||
| Q3 25 | $17.2M | $1.7B | ||
| Q2 25 | $13.1M | $1.7B | ||
| Q1 25 | $21.3M | $1.6B | ||
| Q4 24 | $18.4M | $1.2B | ||
| Q3 24 | $45.7M | $1.5B | ||
| Q2 24 | $70.4M | $1.5B | ||
| Q1 24 | $101.6M | $1.7B |
总债务KALUPAYX
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $798.6M | ||
| Q1 24 | — | — |
股东权益KALUPAYX
| Q4 25 | $826.1M | $3.9B | ||
| Q3 25 | $806.1M | $4.0B | ||
| Q2 25 | $776.0M | $4.1B | ||
| Q1 25 | $756.8M | $4.1B | ||
| Q4 24 | $743.1M | $3.9B | ||
| Q3 24 | $729.4M | $3.9B | ||
| Q2 24 | $727.6M | $3.8B | ||
| Q1 24 | $714.7M | $3.7B |
总资产KALUPAYX
| Q4 25 | $2.6B | $16.5B | ||
| Q3 25 | $2.6B | $16.7B | ||
| Q2 25 | $2.5B | $16.6B | ||
| Q1 25 | $2.4B | $11.2B | ||
| Q4 24 | $2.4B | $10.6B | ||
| Q3 24 | $2.3B | $10.5B | ||
| Q2 24 | $2.3B | $10.4B | ||
| Q1 24 | $2.3B | $13.0B |
负债/权益比KALUPAYX
| Q4 25 | — | 1.28× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | — |
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 | $-20.6M | $444.9M |
| 自由现金流经营现金流 - 资本支出 | $-51.1M | $382.8M |
| 自由现金流率自由现金流/营收 | -5.5% | 25.5% |
| 资本支出强度资本支出/营收 | 3.3% | 4.1% |
| 现金转化率经营现金流/净利润 | -0.73× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $-25.5M | $2.0B |
8季度趋势，按日历期对齐
经营现金流KALUPAYX
| Q4 25 | $-20.6M | $444.9M | ||
| Q3 25 | $59.1M | $718.4M | ||
| Q2 25 | $15.9M | $343.8M | ||
| Q1 25 | $57.0M | $716.0M | ||
| Q4 24 | $43.4M | $295.0M | ||
| Q3 24 | $34.1M | $546.1M | ||
| Q2 24 | $26.3M | $221.7M | ||
| Q1 24 | $63.3M | $671.7M |
自由现金流KALUPAYX
| Q4 25 | $-51.1M | $382.8M | ||
| Q3 25 | $34.5M | $662.5M | ||
| Q2 25 | $-27.7M | $283.3M | ||
| Q1 25 | $18.8M | $667.3M | ||
| Q4 24 | $-12.6M | $248.0M | ||
| Q3 24 | $-17.0M | $510.5M | ||
| Q2 24 | $-17.4M | $180.4M | ||
| Q1 24 | $33.3M | $631.0M |
自由现金流率KALUPAYX
| Q4 25 | -5.5% | 25.5% | ||
| Q3 25 | 4.1% | 44.4% | ||
| Q2 25 | -3.4% | 20.5% | ||
| Q1 25 | 2.4% | 45.5% | ||
| Q4 24 | -1.6% | 19.4% | ||
| Q3 24 | -2.3% | 39.9% | ||
| Q2 24 | -2.2% | 14.4% | ||
| Q1 24 | 4.5% | 45.2% |
资本支出强度KALUPAYX
| Q4 25 | 3.3% | 4.1% | ||
| Q3 25 | 2.9% | 3.7% | ||
| Q2 25 | 5.3% | 4.4% | ||
| Q1 25 | 4.9% | 3.3% | ||
| Q4 24 | 7.3% | 3.7% | ||
| Q3 24 | 6.8% | 2.8% | ||
| Q2 24 | 5.7% | 3.3% | ||
| Q1 24 | 4.1% | 2.9% |
现金转化率KALUPAYX
| Q4 25 | -0.73× | 1.13× | ||
| Q3 25 | 1.50× | 1.87× | ||
| Q2 25 | 0.69× | 1.16× | ||
| Q1 25 | 2.64× | 1.38× | ||
| Q4 24 | 2.19× | 0.71× | ||
| Q3 24 | 3.88× | 1.28× | ||
| Q2 24 | 1.39× | 0.58× | ||
| Q1 24 | 3.48× | 1.35× |
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
KALU
| Packaging | $440.6M | 47% |
| Aero Hs Products | $213.0M | 23% |
| Transferred Over Time | $200.2M | 22% |
| Automotive Extrusions | $75.4M | 8% |
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
