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摩丁制造（MOD）与Worthington Steel, Inc.（WS）财务数据对比。点击上方公司名可切换其他公司
Worthington Steel, Inc.的季度营收约是摩丁制造的1.1倍（$871.9M vs $805.0M），Worthington Steel, Inc.净利率更高（2.2% vs -5.9%，领先8.0%），摩丁制造同比增速更快（30.5% vs 18.0%），Worthington Steel, Inc.自由现金流更多（$74.6M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 3.9%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
MOD vs WS — 直观对比
营收规模更大
WS
是对方的1.1倍
$805.0M
营收增速更快
MOD
高出12.5%
18.0%
净利率更高
WS
高出8.0%
-5.9%
自由现金流更多
WS
多$91.7M
$-17.1M
两年增速更快
MOD
近两年复合增速
3.9%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $871.9M |
| 净利润 | $-47.4M | $18.8M |
| 毛利率 | 23.1% | 10.7% |
| 营业利润率 | 11.1% | 2.5% |
| 净利率 | -5.9% | 2.2% |
| 营收同比 | 30.5% | 18.0% |
| 净利润同比 | -215.6% | 46.9% |
| 每股收益（稀释后） | $-0.90 | $0.37 |
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MODWS
| Q4 25 | $805.0M | $871.9M | ||
| Q3 25 | $738.9M | $872.9M | ||
| Q2 25 | $682.8M | $832.9M | ||
| Q1 25 | $647.2M | $687.4M | ||
| Q4 24 | $616.8M | $739.0M | ||
| Q3 24 | $658.0M | $834.0M | ||
| Q2 24 | $661.5M | — | ||
| Q1 24 | $603.5M | $805.8M |
净利润MODWS
| Q4 25 | $-47.4M | $18.8M | ||
| Q3 25 | $44.4M | $36.8M | ||
| Q2 25 | $51.2M | $55.7M | ||
| Q1 25 | $49.6M | $13.8M | ||
| Q4 24 | $41.0M | $12.8M | ||
| Q3 24 | $46.1M | $28.4M | ||
| Q2 24 | $47.3M | — | ||
| Q1 24 | $25.8M | $49.0M |
毛利率MODWS
| Q4 25 | 23.1% | 10.7% | ||
| Q3 25 | 22.3% | 13.2% | ||
| Q2 25 | 24.2% | 15.2% | ||
| Q1 25 | 25.6% | 11.8% | ||
| Q4 24 | 24.3% | 10.8% | ||
| Q3 24 | 25.2% | 12.0% | ||
| Q2 24 | 24.6% | — | ||
| Q1 24 | 22.4% | 14.9% |
营业利润率MODWS
| Q4 25 | 11.1% | 2.5% | ||
| Q3 25 | 9.9% | 5.5% | ||
| Q2 25 | 11.1% | 8.0% | ||
| Q1 25 | 11.5% | 2.7% | ||
| Q4 24 | 9.6% | 2.6% | ||
| Q3 24 | 11.4% | 5.2% | ||
| Q2 24 | 11.2% | — | ||
| Q1 24 | 7.8% | 8.2% |
净利率MODWS
| Q4 25 | -5.9% | 2.2% | ||
| Q3 25 | 6.0% | 4.2% | ||
| Q2 25 | 7.5% | 6.7% | ||
| Q1 25 | 7.7% | 2.0% | ||
| Q4 24 | 6.6% | 1.7% | ||
| Q3 24 | 7.0% | 3.4% | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 4.3% | 6.1% |
每股收益（稀释后）MODWS
| Q4 25 | $-0.90 | $0.37 | ||
| Q3 25 | $0.83 | $0.72 | ||
| Q2 25 | $0.95 | $1.11 | ||
| Q1 25 | $0.92 | $0.27 | ||
| Q4 24 | $0.76 | $0.25 | ||
| Q3 24 | $0.86 | $0.56 | ||
| Q2 24 | $0.88 | — | ||
| Q1 24 | $0.48 | $0.98 |
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 | $98.7M | $89.8M |
| 总债务越低越好 | $570.7M | $72.1M |
| 股东权益账面价值 | $1.1B | $1.1B |
| 总资产 | $2.5B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资MODWS
| Q4 25 | $98.7M | $89.8M | ||
| Q3 25 | $83.8M | $78.3M | ||
| Q2 25 | $124.5M | $38.0M | ||
| Q1 25 | $71.6M | $63.3M | ||
| Q4 24 | $83.8M | $52.0M | ||
| Q3 24 | $78.6M | $36.0M | ||
| Q2 24 | $72.9M | — | ||
| Q1 24 | $60.1M | $60.8M |
总债务MODWS
| Q4 25 | $570.7M | $72.1M | ||
| Q3 25 | $525.8M | $73.4M | ||
| Q2 25 | $482.1M | $151.5M | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | $115.0M | ||
| Q3 24 | $359.1M | $122.2M | ||
| Q2 24 | $405.7M | — | ||
| Q1 24 | $399.9M | $147.2M |
股东权益MODWS
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $910.2M | $1.0B | ||
| Q4 24 | $855.1M | $1.0B | ||
| Q3 24 | $858.8M | $1.0B | ||
| Q2 24 | $788.4M | — | ||
| Q1 24 | $747.6M | $937.6M |
总资产MODWS
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.4B | $2.2B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | $1.8B |
负债/权益比MODWS
| Q4 25 | 0.51× | 0.06× | ||
| Q3 25 | 0.50× | 0.07× | ||
| Q2 25 | 0.48× | 0.14× | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | 0.11× | ||
| Q3 24 | 0.42× | 0.12× | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.53× | 0.16× |
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 | $24.7M | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $74.6M |
| 自由现金流率自由现金流/营收 | -2.1% | 8.6% |
| 资本支出强度资本支出/营收 | 5.2% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 5.28× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | $72.5M |
8季度趋势，按日历期对齐
经营现金流MODWS
| Q4 25 | $24.7M | $99.3M | ||
| Q3 25 | $1.4M | $-6.3M | ||
| Q2 25 | $27.7M | $53.9M | ||
| Q1 25 | $54.8M | $53.8M | ||
| Q4 24 | $60.7M | $68.0M | ||
| Q3 24 | $57.3M | $54.6M | ||
| Q2 24 | $40.5M | — | ||
| Q1 24 | $39.6M | $44.7M |
自由现金流MODWS
| Q4 25 | $-17.1M | $74.6M | ||
| Q3 25 | $-30.5M | $-35.7M | ||
| Q2 25 | $200.0K | $8.4M | ||
| Q1 25 | $27.1M | $25.2M | ||
| Q4 24 | $44.7M | $33.2M | ||
| Q3 24 | $43.8M | $33.1M | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $-4.3M | $22.3M |
自由现金流率MODWS
| Q4 25 | -2.1% | 8.6% | ||
| Q3 25 | -4.1% | -4.1% | ||
| Q2 25 | 0.0% | 1.0% | ||
| Q1 25 | 4.2% | 3.7% | ||
| Q4 24 | 7.2% | 4.5% | ||
| Q3 24 | 6.7% | 4.0% | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.7% | 2.8% |
资本支出强度MODWS
| Q4 25 | 5.2% | 2.8% | ||
| Q3 25 | 4.3% | 3.4% | ||
| Q2 25 | 4.0% | 5.5% | ||
| Q1 25 | 4.3% | 4.2% | ||
| Q4 24 | 2.6% | 4.7% | ||
| Q3 24 | 2.1% | 2.6% | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 7.3% | 2.8% |
现金转化率MODWS
| Q4 25 | — | 5.28× | ||
| Q3 25 | 0.03× | -0.17× | ||
| Q2 25 | 0.54× | 0.97× | ||
| Q1 25 | 1.10× | 3.90× | ||
| Q4 24 | 1.48× | 5.31× | ||
| Q3 24 | 1.24× | 1.92× | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | 0.91× |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
