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艾地盟（ADM）与FARMER BROTHERS CO（FARM）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FARMER BROTHERS CO的68.1倍（$6.1B vs $88.9M）。艾地盟净利率更高（7.5% vs -5.5%，领先13.0%）。艾地盟同比增速更快（123.5% vs -1.2%）。FARMER BROTHERS CO自由现金流更多（$-2.6M vs $-669.0M）。过去两年FARMER BROTHERS CO的营收复合增速更高（2.1% 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。
Farmer Bros. Co.是一家总部位于美国得克萨斯州沃斯堡的餐饮服务企业，主打咖啡与茶类产品的生产分销，同时还供应约300种餐厅及其他经营场所所需的餐饮配套用品，目前由约翰·摩尔担任公司首席执行官兼总裁。
ADM vs FARM — 直观对比
营收规模更大
ADM
是对方的68.1倍
$88.9M
营收增速更快
ADM
高出124.8%
-1.2%
净利率更高
ADM
高出13.0%
-5.5%
自由现金流更多
FARM
多$666.4M
$-669.0M
两年增速更快
FARM
近两年复合增速
-47.4%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.1B | $88.9M |
| 净利润 | $456.0M | $-4.9M |
| 毛利率 | 20.0% | 36.3% |
| 营业利润率 | 7.9% | -4.7% |
| 净利率 | 7.5% | -5.5% |
| 营收同比 | 123.5% | -1.2% |
| 净利润同比 | -19.6% | -2417.1% |
| 每股收益（稀释后） | $0.95 | $-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ADMFARM
| Q4 25 | $6.1B | $88.9M | ||
| Q3 25 | $6.4B | $81.6M | ||
| Q2 25 | $6.3B | $85.1M | ||
| Q1 25 | $6.1B | $82.1M | ||
| Q4 24 | $-25.7B | $90.0M | ||
| Q3 24 | $6.0B | $85.1M | ||
| Q2 24 | $22.2B | $84.4M | ||
| Q1 24 | $21.8B | $85.4M |
净利润ADMFARM
| Q4 25 | $456.0M | $-4.9M | ||
| Q3 25 | $108.0M | $-4.0M | ||
| Q2 25 | $219.0M | $-4.7M | ||
| Q1 25 | $295.0M | $-5.0M | ||
| Q4 24 | $567.0M | $210.0K | ||
| Q3 24 | $18.0M | $-5.0M | ||
| Q2 24 | $486.0M | $-4.6M | ||
| Q1 24 | $729.0M | $-682.0K |
毛利率ADMFARM
| Q4 25 | 20.0% | 36.3% | ||
| Q3 25 | 19.8% | 39.7% | ||
| Q2 25 | 21.6% | 44.9% | ||
| Q1 25 | 19.2% | 42.1% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | 22.8% | 43.9% | ||
| Q2 24 | 6.3% | 38.8% | ||
| Q1 24 | 7.6% | 40.1% |
营业利润率ADMFARM
| Q4 25 | 7.9% | -4.7% | ||
| Q3 25 | 2.3% | -3.9% | ||
| Q2 25 | 4.4% | 4.6% | ||
| Q1 25 | 5.7% | -4.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 1.8% | -3.3% | ||
| Q2 24 | 2.7% | -4.9% | ||
| Q1 24 | 4.1% | -0.5% |
净利率ADMFARM
| Q4 25 | 7.5% | -5.5% | ||
| Q3 25 | 1.7% | -4.9% | ||
| Q2 25 | 3.5% | -5.6% | ||
| Q1 25 | 4.8% | -6.1% | ||
| Q4 24 | -2.2% | 0.2% | ||
| Q3 24 | 0.3% | -5.9% | ||
| Q2 24 | 2.2% | -5.4% | ||
| Q1 24 | 3.3% | -0.8% |
每股收益（稀释后）ADMFARM
| Q4 25 | $0.95 | $-0.22 | ||
| Q3 25 | $0.22 | $-0.19 | ||
| Q2 25 | $0.45 | $-0.22 | ||
| Q1 25 | $0.61 | $-0.23 | ||
| Q4 24 | $1.21 | $0.01 | ||
| Q3 24 | $0.04 | $-0.24 | ||
| Q2 24 | $0.98 | $-0.23 | ||
| Q1 24 | $1.42 | $-0.03 |
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 | $4.2M |
| 总债务越低越好 | $7.6B | — |
| 股东权益账面价值 | $22.7B | $35.7M |
| 总资产 | $52.4B | $151.4M |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ADMFARM
| Q4 25 | $1.0B | $4.2M | ||
| Q3 25 | $1.2B | $3.8M | ||
| Q2 25 | $1.1B | $6.8M | ||
| Q1 25 | $864.0M | $4.1M | ||
| Q4 24 | $611.0M | $5.5M | ||
| Q3 24 | $784.0M | $3.3M | ||
| Q2 24 | $764.0M | $5.8M | ||
| Q1 24 | $830.0M | $5.5M |
总债务ADMFARM
| Q4 25 | $7.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.3B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADMFARM
| Q4 25 | $22.7B | $35.7M | ||
| Q3 25 | $22.5B | $40.0M | ||
| Q2 25 | $22.4B | $43.5M | ||
| Q1 25 | $22.1B | $37.3M | ||
| Q4 24 | $22.2B | $41.5M | ||
| Q3 24 | $22.0B | $40.9M | ||
| Q2 24 | $22.2B | $45.5M | ||
| Q1 24 | $23.2B | $43.1M |
总资产ADMFARM
| Q4 25 | $52.4B | $151.4M | ||
| Q3 25 | $51.9B | $158.8M | ||
| Q2 25 | $52.0B | $161.2M | ||
| Q1 25 | $53.4B | $163.2M | ||
| Q4 24 | $53.3B | $179.1M | ||
| Q3 24 | $52.2B | $182.0M | ||
| Q2 24 | $52.7B | $185.2M | ||
| Q1 24 | $54.8B | $179.1M |
负债/权益比ADMFARM
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.37× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | — | — | ||
| 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 | $-313.0M | $-786.0K |
| 自由现金流经营现金流 - 资本支出 | $-669.0M | $-2.6M |
| 自由现金流率自由现金流/营收 | -11.1% | -2.9% |
| 资本支出强度资本支出/营收 | 5.9% | 2.1% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ADMFARM
| Q4 25 | $-313.0M | $-786.0K | ||
| Q3 25 | $1.8B | $-5.0M | ||
| Q2 25 | $4.3B | $9.7M | ||
| Q1 25 | $-342.0M | $1.3M | ||
| Q4 24 | $322.0M | $2.6M | ||
| Q3 24 | $1.3B | $2.5M | ||
| Q2 24 | $468.0M | $-995.0K | ||
| Q1 24 | $700.0M | $-2.3M |
自由现金流ADMFARM
| Q4 25 | $-669.0M | $-2.6M | ||
| Q3 25 | $1.5B | $-6.9M | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $-633.0M | $-684.0K | ||
| Q4 24 | $-170.0M | $521.0K | ||
| Q3 24 | $919.0M | $-837.0K | ||
| Q2 24 | $106.0M | — | ||
| Q1 24 | $372.0M | $-5.7M |
自由现金流率ADMFARM
| Q4 25 | -11.1% | -2.9% | ||
| Q3 25 | 23.6% | -8.5% | ||
| Q2 25 | 63.0% | — | ||
| Q1 25 | -10.3% | -0.8% | ||
| Q4 24 | 0.7% | 0.6% | ||
| Q3 24 | 15.3% | -1.0% | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 1.7% | -6.7% |
资本支出强度ADMFARM
| Q4 25 | 5.9% | 2.1% | ||
| Q3 25 | 4.6% | 2.4% | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 4.7% | 2.4% | ||
| Q4 24 | -1.9% | 2.3% | ||
| Q3 24 | 6.4% | 3.9% | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 1.5% | 4.0% |
现金转化率ADMFARM
| Q4 25 | -0.69× | — | ||
| Q3 25 | 16.75× | — | ||
| Q2 25 | 19.63× | — | ||
| Q1 25 | -1.16× | — | ||
| Q4 24 | 0.57× | 12.16× | ||
| Q3 24 | 72.22× | — | ||
| Q2 24 | 0.96× | — | ||
| Q1 24 | 0.96× | — |
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% |
FARM
| Coffee Roasted | $45.5M | 51% |
| Tea Iced Hot | $23.3M | 26% |
| Culinary | $14.1M | 16% |
| Spice | $4.9M | 5% |
| Fuel Surcharge | $1.2M | 1% |
