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艾地盟（ADM）与BRC Inc.（BRCC）财务数据对比。点击上方公司名可切换其他公司
艾地盟的季度营收约是BRC Inc.的53.7倍（$6.1B vs $112.7M）。艾地盟净利率更高（7.5% vs -2.8%，领先10.4%）。艾地盟同比增速更快（123.5% vs 6.5%）。BRC Inc.自由现金流更多（$-9.4M vs $-669.0M）。过去两年BRC Inc.的营收复合增速更高（7.0% vs -47.4%）
艾地盟（ADM）是美国跨国食品加工与大宗商品贸易企业，1902年成立，总部位于伊利诺伊州芝加哥。集团在全球布局270多家加工厂及420多个农作物采购站点，将谷物、油籽加工为食品、饮料、营养保健、工业生产及动物饲料领域的各类产品，供应全球市场。
BRC Inc.是一家美国高端咖啡与生活方式品牌，主营烘焙咖啡豆、即饮咖啡饮品、品牌服饰及户外装备，核心客群包含退伍军人、急救人员与户外爱好者，在北美地区通过电商及线下实体门店渠道销售产品。
ADM vs BRCC — 直观对比
营收规模更大
ADM
是对方的53.7倍
$112.7M
营收增速更快
ADM
高出117.1%
6.5%
净利率更高
ADM
高出10.4%
-2.8%
自由现金流更多
BRCC
多$659.6M
$-669.0M
两年增速更快
BRCC
近两年复合增速
-47.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.1B | $112.7M |
| 净利润 | $456.0M | $-3.2M |
| 毛利率 | 20.0% | 32.1% |
| 营业利润率 | 7.9% | -6.3% |
| 净利率 | 7.5% | -2.8% |
| 营收同比 | 123.5% | 6.5% |
| 净利润同比 | -19.6% | -29.3% |
| 每股收益（稀释后） | $0.95 | $-0.02 |
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ADMBRCC
| Q4 25 | $6.1B | $112.7M | ||
| Q3 25 | $6.4B | $100.7M | ||
| Q2 25 | $6.3B | $94.8M | ||
| Q1 25 | $6.1B | $90.0M | ||
| Q4 24 | $-25.7B | $105.9M | ||
| Q3 24 | $6.0B | $98.2M | ||
| Q2 24 | $22.2B | $89.0M | ||
| Q1 24 | $21.8B | $98.4M |
净利润ADMBRCC
| Q4 25 | $456.0M | $-3.2M | ||
| Q3 25 | $108.0M | $-486.0K | ||
| Q2 25 | $219.0M | $-5.3M | ||
| Q1 25 | $295.0M | $-2.9M | ||
| Q4 24 | $567.0M | $-2.5M | ||
| Q3 24 | $18.0M | $-535.0K | ||
| Q2 24 | $486.0M | $-482.0K | ||
| Q1 24 | $729.0M | $548.0K |
毛利率ADMBRCC
| Q4 25 | 20.0% | 32.1% | ||
| Q3 25 | 19.8% | 36.9% | ||
| Q2 25 | 21.6% | 33.9% | ||
| Q1 25 | 19.2% | 36.1% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | 22.8% | 42.1% | ||
| Q2 24 | 6.3% | 41.9% | ||
| Q1 24 | 7.6% | 42.9% |
营业利润率ADMBRCC
| Q4 25 | 7.9% | -6.3% | ||
| Q3 25 | 2.3% | 0.5% | ||
| Q2 25 | 4.4% | -13.3% | ||
| Q1 25 | 5.7% | -6.0% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | 1.8% | 1.1% | ||
| Q2 24 | 2.7% | 1.1% | ||
| Q1 24 | 4.1% | 4.0% |
净利率ADMBRCC
| Q4 25 | 7.5% | -2.8% | ||
| Q3 25 | 1.7% | -0.5% | ||
| Q2 25 | 3.5% | -5.6% | ||
| Q1 25 | 4.8% | -3.2% | ||
| Q4 24 | -2.2% | -2.3% | ||
| Q3 24 | 0.3% | -0.5% | ||
| Q2 24 | 2.2% | -0.5% | ||
| Q1 24 | 3.3% | 0.6% |
每股收益（稀释后）ADMBRCC
| Q4 25 | $0.95 | $-0.02 | ||
| Q3 25 | $0.22 | $0.00 | ||
| Q2 25 | $0.45 | $-0.07 | ||
| Q1 25 | $0.61 | $-0.04 | ||
| Q4 24 | $1.21 | $-0.03 | ||
| Q3 24 | $0.04 | $-0.01 | ||
| Q2 24 | $0.98 | $-0.01 | ||
| Q1 24 | $1.42 | $0.01 |
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 | $1.0B | $4.3M |
| 总债务越低越好 | $7.6B | $34.7M |
| 股东权益账面价值 | $22.7B | $45.7M |
| 总资产 | $52.4B | $209.2M |
| 负债/权益比越低杠杆越低 | 0.33× | 0.76× |
8季度趋势，按日历期对齐
现金及短期投资ADMBRCC
| Q4 25 | $1.0B | $4.3M | ||
| Q3 25 | $1.2B | $9.5M | ||
| Q2 25 | $1.1B | $4.3M | ||
| Q1 25 | $864.0M | $3.9M | ||
| Q4 24 | $611.0M | $6.8M | ||
| Q3 24 | $784.0M | $7.3M | ||
| Q2 24 | $764.0M | $9.6M | ||
| Q1 24 | $830.0M | $4.0M |
总债务ADMBRCC
| Q4 25 | $7.6B | $34.7M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $72.7M | ||
| Q1 25 | — | $68.8M | ||
| Q4 24 | $8.3B | $65.1M | ||
| Q3 24 | $7.6B | $64.9M | ||
| Q2 24 | — | $66.5M | ||
| Q1 24 | — | $61.5M |
股东权益ADMBRCC
| Q4 25 | $22.7B | $45.7M | ||
| Q3 25 | $22.5B | $48.0M | ||
| Q2 25 | $22.4B | $10.1M | ||
| Q1 25 | $22.1B | $11.2M | ||
| Q4 24 | $22.2B | $13.2M | ||
| Q3 24 | $22.0B | $14.5M | ||
| Q2 24 | $22.2B | $14.9M | ||
| Q1 24 | $23.2B | $14.6M |
总资产ADMBRCC
| Q4 25 | $52.4B | $209.2M | ||
| Q3 25 | $51.9B | $222.4M | ||
| Q2 25 | $52.0B | $225.3M | ||
| Q1 25 | $53.4B | $222.9M | ||
| Q4 24 | $53.3B | $227.4M | ||
| Q3 24 | $52.2B | $233.7M | ||
| Q2 24 | $52.7B | $229.9M | ||
| Q1 24 | $54.8B | $227.2M |
负债/权益比ADMBRCC
| Q4 25 | 0.33× | 0.76× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 7.19× | ||
| Q1 25 | — | 6.15× | ||
| Q4 24 | 0.37× | 4.94× | ||
| Q3 24 | 0.35× | 4.47× | ||
| Q2 24 | — | 4.46× | ||
| Q1 24 | — | 4.21× |
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 | $-313.0M | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $-669.0M | $-9.4M |
| 自由现金流率自由现金流/营收 | -11.1% | -8.3% |
| 资本支出强度资本支出/营收 | 5.9% | 0.6% |
| 现金转化率经营现金流/净利润 | -0.69× | — |
| 过去12个月自由现金流最近4个季度 | $4.2B | $-13.5M |
8季度趋势，按日历期对齐
经营现金流ADMBRCC
| Q4 25 | $-313.0M | $-8.7M | ||
| Q3 25 | $1.8B | $6.4M | ||
| Q2 25 | $4.3B | $-3.3M | ||
| Q1 25 | $-342.0M | $-4.1M | ||
| Q4 24 | $322.0M | $2.2M | ||
| Q3 24 | $1.3B | $1.9M | ||
| Q2 24 | $468.0M | $2.3M | ||
| Q1 24 | $700.0M | $4.9M |
自由现金流ADMBRCC
| Q4 25 | $-669.0M | $-9.4M | ||
| Q3 25 | $1.5B | $5.6M | ||
| Q2 25 | $4.0B | $-4.3M | ||
| Q1 25 | $-633.0M | $-5.3M | ||
| Q4 24 | $-170.0M | $504.0K | ||
| Q3 24 | $919.0M | $-205.0K | ||
| Q2 24 | $106.0M | $147.0K | ||
| Q1 24 | $372.0M | $2.2M |
自由现金流率ADMBRCC
| Q4 25 | -11.1% | -8.3% | ||
| Q3 25 | 23.6% | 5.5% | ||
| Q2 25 | 63.0% | -4.5% | ||
| Q1 25 | -10.3% | -5.9% | ||
| Q4 24 | 0.7% | 0.5% | ||
| Q3 24 | 15.3% | -0.2% | ||
| Q2 24 | 0.5% | 0.2% | ||
| Q1 24 | 1.7% | 2.2% |
资本支出强度ADMBRCC
| Q4 25 | 5.9% | 0.6% | ||
| Q3 25 | 4.6% | 0.8% | ||
| Q2 25 | 4.8% | 1.0% | ||
| Q1 25 | 4.7% | 1.3% | ||
| Q4 24 | -1.9% | 1.6% | ||
| Q3 24 | 6.4% | 2.2% | ||
| Q2 24 | 1.6% | 2.4% | ||
| Q1 24 | 1.5% | 2.8% |
现金转化率ADMBRCC
| Q4 25 | -0.69× | — | ||
| Q3 25 | 16.75× | — | ||
| Q2 25 | 19.63× | — | ||
| Q1 25 | -1.16× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 72.22× | — | ||
| Q2 24 | 0.96× | — | ||
| Q1 24 | 0.96× | 8.97× |
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
ADM
| Starchesandsweeteners | $1.4B | 23% |
| Ag Services | $1.1B | 18% |
| Human Nutrition | $961.0M | 16% |
| Refined Productsand Other | $924.0M | 15% |
| Animal Nutrition | $825.0M | 14% |
| Vantage Corn Processors | $700.0M | 12% |
| Transferred Over Time | $176.0M | 3% |
| Crushing | $59.0M | 1% |
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
