vs
诺信（NDSN）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是诺信的1.0倍（$755.6M vs $751.8M），诺信净利率更高（20.2% vs 11.6%，领先8.6%），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs 1.0%），诺信自由现金流更多（$193.9M vs $159.7M），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% vs 9.0%）
诺信（Nordson Corporation）是总部位于美国的跨国企业，专业设计生产民用及工业场景使用的胶粘剂、密封剂、涂料喷涂设备，同时生产电子元器件检测设备、固化及表面处理技术系统，还布局了医疗设备与组件技术相关业务。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
NDSN vs STRL — 直观对比
营收规模更大
STRL
是对方的1.0倍
$751.8M
营收增速更快
STRL
高出50.5%
1.0%
净利率更高
NDSN
高出8.6%
11.6%
自由现金流更多
NDSN
多$34.2M
$159.7M
两年增速更快
STRL
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.8M | $755.6M |
| 净利润 | $151.6M | $87.6M |
| 毛利率 | 56.3% | 21.7% |
| 营业利润率 | 28.5% | 15.9% |
| 净利率 | 20.2% | 11.6% |
| 营收同比 | 1.0% | 51.5% |
| 净利润同比 | 24.1% | -22.6% |
| 每股收益（稀释后） | $2.67 | $2.82 |
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NDSNSTRL
| Q4 25 | $751.8M | $755.6M | ||
| Q3 25 | $741.5M | $689.0M | ||
| Q2 25 | $682.9M | $614.5M | ||
| Q1 25 | $615.4M | $430.9M | ||
| Q4 24 | $744.5M | $498.8M | ||
| Q3 24 | $661.6M | $593.7M | ||
| Q2 24 | $650.6M | $582.8M | ||
| Q1 24 | $633.2M | $440.4M |
净利润NDSNSTRL
| Q4 25 | $151.6M | $87.6M | ||
| Q3 25 | $125.8M | $92.1M | ||
| Q2 25 | $112.4M | $71.0M | ||
| Q1 25 | $94.7M | $39.5M | ||
| Q4 24 | $122.2M | $113.2M | ||
| Q3 24 | $117.3M | $61.3M | ||
| Q2 24 | $118.2M | $51.9M | ||
| Q1 24 | $109.6M | $31.0M |
毛利率NDSNSTRL
| Q4 25 | 56.3% | 21.7% | ||
| Q3 25 | 54.8% | 24.7% | ||
| Q2 25 | 54.7% | 23.3% | ||
| Q1 25 | 54.6% | 22.0% | ||
| Q4 24 | 54.1% | 21.4% | ||
| Q3 24 | 55.8% | 21.9% | ||
| Q2 24 | 56.2% | 19.3% | ||
| Q1 24 | 55.0% | 17.5% |
营业利润率NDSNSTRL
| Q4 25 | 28.5% | 15.9% | ||
| Q3 25 | 25.3% | 18.2% | ||
| Q2 25 | 24.7% | 17.0% | ||
| Q1 25 | 22.9% | 13.0% | ||
| Q4 24 | 24.0% | 12.5% | ||
| Q3 24 | 25.3% | 14.7% | ||
| Q2 24 | 25.9% | 12.5% | ||
| Q1 24 | 25.2% | 9.6% |
净利率NDSNSTRL
| Q4 25 | 20.2% | 11.6% | ||
| Q3 25 | 17.0% | 13.4% | ||
| Q2 25 | 16.5% | 11.6% | ||
| Q1 25 | 15.4% | 9.2% | ||
| Q4 24 | 16.4% | 22.7% | ||
| Q3 24 | 17.7% | 10.3% | ||
| Q2 24 | 18.2% | 8.9% | ||
| Q1 24 | 17.3% | 7.1% |
每股收益（稀释后）NDSNSTRL
| Q4 25 | $2.67 | $2.82 | ||
| Q3 25 | $2.22 | $2.97 | ||
| Q2 25 | $1.97 | $2.31 | ||
| Q1 25 | $1.65 | $1.28 | ||
| Q4 24 | $2.12 | $3.63 | ||
| Q3 24 | $2.04 | $1.97 | ||
| Q2 24 | $2.05 | $1.67 | ||
| Q1 24 | $1.90 | $1.00 |
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 | $108.4M | $390.7M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $3.0B | $1.1B |
| 总资产 | $5.9B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资NDSNSTRL
| Q4 25 | $108.4M | $390.7M | ||
| Q3 25 | $147.8M | $306.4M | ||
| Q2 25 | $130.2M | $699.4M | ||
| Q1 25 | $130.4M | $638.6M | ||
| Q4 24 | $116.0M | $664.2M | ||
| Q3 24 | $165.3M | $648.1M | ||
| Q2 24 | $125.4M | $540.0M | ||
| Q1 24 | $136.2M | $480.4M |
总债务NDSNSTRL
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.6B | — |
股东权益NDSNSTRL
| Q4 25 | $3.0B | $1.1B | ||
| Q3 25 | $3.0B | $1.1B | ||
| Q2 25 | $3.0B | $881.7M | ||
| Q1 25 | $2.9B | $805.4M | ||
| Q4 24 | $2.9B | $808.1M | ||
| Q3 24 | $2.9B | $716.5M | ||
| Q2 24 | $2.8B | $670.7M | ||
| Q1 24 | $2.7B | $644.6M |
总资产NDSNSTRL
| Q4 25 | $5.9B | $2.6B | ||
| Q3 25 | $6.0B | $2.6B | ||
| Q2 25 | $6.1B | $2.2B | ||
| Q1 25 | $5.9B | $2.0B | ||
| Q4 24 | $6.0B | $2.0B | ||
| Q3 24 | $5.2B | $2.0B | ||
| Q2 24 | $5.2B | $2.0B | ||
| Q1 24 | $5.2B | $1.8B |
负债/权益比NDSNSTRL
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 0.60× | — |
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 | $202.9M | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $193.9M | $159.7M |
| 自由现金流率自由现金流/营收 | 25.8% | 21.1% |
| 资本支出强度资本支出/营收 | 1.2% | 3.5% |
| 现金转化率经营现金流/净利润 | 1.34× | 2.12× |
| 过去12个月自由现金流最近4个季度 | $661.1M | $362.7M |
8季度趋势，按日历期对齐
经营现金流NDSNSTRL
| Q4 25 | $202.9M | $186.1M | ||
| Q3 25 | $238.0M | $83.6M | ||
| Q2 25 | $119.2M | $85.4M | ||
| Q1 25 | $159.1M | $84.9M | ||
| Q4 24 | $96.4M | $174.3M | ||
| Q3 24 | $164.8M | $152.3M | ||
| Q2 24 | $122.6M | $121.0M | ||
| Q1 24 | $172.4M | $49.6M |
自由现金流NDSNSTRL
| Q4 25 | $193.9M | $159.7M | ||
| Q3 25 | $226.4M | $64.0M | ||
| Q2 25 | $103.1M | $72.1M | ||
| Q1 25 | $137.7M | $67.0M | ||
| Q4 24 | $75.8M | $158.6M | ||
| Q3 24 | $143.0M | $138.3M | ||
| Q2 24 | $108.2M | $92.1M | ||
| Q1 24 | $164.8M | $27.2M |
自由现金流率NDSNSTRL
| Q4 25 | 25.8% | 21.1% | ||
| Q3 25 | 30.5% | 9.3% | ||
| Q2 25 | 15.1% | 11.7% | ||
| Q1 25 | 22.4% | 15.5% | ||
| Q4 24 | 10.2% | 31.8% | ||
| Q3 24 | 21.6% | 23.3% | ||
| Q2 24 | 16.6% | 15.8% | ||
| Q1 24 | 26.0% | 6.2% |
资本支出强度NDSNSTRL
| Q4 25 | 1.2% | 3.5% | ||
| Q3 25 | 1.6% | 2.9% | ||
| Q2 25 | 2.3% | 2.2% | ||
| Q1 25 | 3.5% | 4.2% | ||
| Q4 24 | 2.8% | 3.1% | ||
| Q3 24 | 3.3% | 2.4% | ||
| Q2 24 | 2.2% | 5.0% | ||
| Q1 24 | 1.2% | 5.1% |
现金转化率NDSNSTRL
| Q4 25 | 1.34× | 2.12× | ||
| Q3 25 | 1.89× | 0.91× | ||
| Q2 25 | 1.06× | 1.20× | ||
| Q1 25 | 1.68× | 2.15× | ||
| Q4 24 | 0.79× | 1.54× | ||
| Q3 24 | 1.41× | 2.48× | ||
| Q2 24 | 1.04× | 2.33× | ||
| Q1 24 | 1.57× | 1.60× |
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
NDSN
| Advanced Technology Systems | $624.5M | 83% |
| Other | $127.3M | 17% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
