vs
艾地盟（ADM）与通用动力（GD）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通用动力的1.5倍（$20.5B vs $13.5B），通用动力净利率更高（8.3% vs 1.5%，领先6.9%），通用动力同比增速更快（10.3% vs 1.6%），过去两年通用动力的营收复合增速更高（6.1% vs -4.0%）
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。
通用动力是总部位于美国弗吉尼亚州雷斯顿的工业科技企业，是全球领先的先进军工装备研发生产商，产品覆盖核潜艇、主战坦克、装甲战车等多种品类，同时生产湾流系列公务机，也提供信息技术服务，位列美国前百名国防承包商第三位。
ADM vs GD — 直观对比
营收规模更大
ADM
是对方的1.5倍
$13.5B
营收增速更快
GD
高出8.7%
1.6%
净利率更高
GD
高出6.9%
1.5%
两年增速更快
GD
近两年复合增速
-4.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $20.5B | $13.5B |
| 净利润 | $298.0M | $1.1B |
| 毛利率 | 6.0% | — |
| 营业利润率 | — | 10.5% |
| 净利率 | 1.5% | 8.3% |
| 营收同比 | 1.6% | 10.3% |
| 净利润同比 | 1.0% | 13.2% |
| 每股收益（稀释后） | $0.62 | $4.10 |
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ADMGD
| Q1 26 | $20.5B | $13.5B | ||
| Q4 25 | $6.1B | $14.4B | ||
| Q3 25 | $6.4B | $12.9B | ||
| Q2 25 | $6.3B | $13.0B | ||
| Q1 25 | $6.1B | $12.2B | ||
| Q4 24 | $-25.7B | $13.3B | ||
| Q3 24 | $6.0B | $11.7B | ||
| Q2 24 | $22.2B | $12.0B |
净利润ADMGD
| Q1 26 | $298.0M | $1.1B | ||
| Q4 25 | $456.0M | $1.1B | ||
| Q3 25 | $108.0M | $1.1B | ||
| Q2 25 | $219.0M | $1.0B | ||
| Q1 25 | $295.0M | $994.0M | ||
| Q4 24 | $567.0M | $1.1B | ||
| Q3 24 | $18.0M | $930.0M | ||
| Q2 24 | $486.0M | $905.0M |
毛利率ADMGD
| Q1 26 | 6.0% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 19.8% | — | ||
| Q2 25 | 21.6% | — | ||
| Q1 25 | 19.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 22.8% | — | ||
| Q2 24 | 6.3% | — |
营业利润率ADMGD
| Q1 26 | — | 10.5% | ||
| Q4 25 | 7.9% | 10.1% | ||
| Q3 25 | 2.3% | 10.3% | ||
| Q2 25 | 4.4% | 10.0% | ||
| Q1 25 | 5.7% | 10.4% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | 1.8% | 10.1% | ||
| Q2 24 | 2.7% | 9.7% |
净利率ADMGD
| Q1 26 | 1.5% | 8.3% | ||
| Q4 25 | 7.5% | 7.9% | ||
| Q3 25 | 1.7% | 8.2% | ||
| Q2 25 | 3.5% | 7.8% | ||
| Q1 25 | 4.8% | 8.1% | ||
| Q4 24 | -2.2% | 8.6% | ||
| Q3 24 | 0.3% | 8.0% | ||
| Q2 24 | 2.2% | 7.6% |
每股收益（稀释后）ADMGD
| Q1 26 | $0.62 | $4.10 | ||
| Q4 25 | $0.95 | — | ||
| Q3 25 | $0.22 | — | ||
| Q2 25 | $0.45 | — | ||
| Q1 25 | $0.61 | — | ||
| Q4 24 | $1.21 | — | ||
| Q3 24 | $0.04 | — | ||
| Q2 24 | $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 | $591.0M | $3.7B |
| 总债务越低越好 | $1.7B | $6.3B |
| 股东权益账面价值 | $22.8B | $26.1B |
| 总资产 | — | $59.0B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资ADMGD
| Q1 26 | $591.0M | $3.7B | ||
| Q4 25 | $1.0B | $2.3B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $864.0M | $1.2B | ||
| Q4 24 | $611.0M | $1.7B | ||
| Q3 24 | $784.0M | $2.1B | ||
| Q2 24 | $764.0M | $1.4B |
总债务ADMGD
| Q1 26 | $1.7B | $6.3B | ||
| Q4 25 | $7.6B | $8.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.3B | $8.8B | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | — | — |
股东权益ADMGD
| Q1 26 | $22.8B | $26.1B | ||
| Q4 25 | $22.7B | $25.6B | ||
| Q3 25 | $22.5B | $24.4B | ||
| Q2 25 | $22.4B | $23.6B | ||
| Q1 25 | $22.1B | $22.2B | ||
| Q4 24 | $22.2B | $22.1B | ||
| Q3 24 | $22.0B | $23.0B | ||
| Q2 24 | $22.2B | $22.0B |
总资产ADMGD
| Q1 26 | — | $59.0B | ||
| Q4 25 | $52.4B | $57.2B | ||
| Q3 25 | $51.9B | $57.6B | ||
| Q2 25 | $52.0B | $56.9B | ||
| Q1 25 | $53.4B | $56.6B | ||
| Q4 24 | $53.3B | $55.9B | ||
| Q3 24 | $52.2B | $57.3B | ||
| Q2 24 | $52.7B | $55.4B |
负债/权益比ADMGD
| Q1 26 | 0.08× | 0.24× | ||
| Q4 25 | 0.33× | 0.32× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.37× | 0.40× | ||
| Q3 24 | 0.35× | — | ||
| Q2 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $2.0B |
| 自由现金流率自由现金流/营收 | — | 14.5% |
| 资本支出强度资本支出/营收 | 0.9% | 1.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $6.2B |
8季度趋势，按日历期对齐
经营现金流ADMGD
| Q1 26 | — | — | ||
| Q4 25 | $-313.0M | $1.6B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $4.3B | $1.6B | ||
| Q1 25 | $-342.0M | $-148.0M | ||
| Q4 24 | $322.0M | $2.2B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $468.0M | $814.0M |
自由现金流ADMGD
| Q1 26 | — | $2.0B | ||
| Q4 25 | $-669.0M | $952.0M | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $4.0B | $1.4B | ||
| Q1 25 | $-633.0M | $-290.0M | ||
| Q4 24 | $-170.0M | $1.8B | ||
| Q3 24 | $919.0M | $1.2B | ||
| Q2 24 | $106.0M | $613.0M |
自由现金流率ADMGD
| Q1 26 | — | 14.5% | ||
| Q4 25 | -11.1% | 6.6% | ||
| Q3 25 | 23.6% | 14.7% | ||
| Q2 25 | 63.0% | 10.7% | ||
| Q1 25 | -10.3% | -2.4% | ||
| Q4 24 | 0.7% | 13.5% | ||
| Q3 24 | 15.3% | 10.4% | ||
| Q2 24 | 0.5% | 5.1% |
资本支出强度ADMGD
| Q1 26 | 0.9% | 1.5% | ||
| Q4 25 | 5.9% | 4.2% | ||
| Q3 25 | 4.6% | 1.6% | ||
| Q2 25 | 4.8% | 1.5% | ||
| Q1 25 | 4.7% | 1.2% | ||
| Q4 24 | -1.9% | 2.7% | ||
| Q3 24 | 6.4% | 1.7% | ||
| Q2 24 | 1.6% | 1.7% |
现金转化率ADMGD
| Q1 26 | — | — | ||
| Q4 25 | -0.69× | 1.37× | ||
| Q3 25 | 16.75× | 1.99× | ||
| Q2 25 | 19.63× | 1.58× | ||
| Q1 25 | -1.16× | -0.15× | ||
| Q4 24 | 0.57× | 1.88× | ||
| Q3 24 | 72.22× | 1.52× | ||
| Q2 24 | 0.96× | 0.90× |
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
| Ag Services and Oilseeds | $16.0B | 78% |
| Carbohydrate Solutions | $2.6B | 12% |
| Nutrition | $1.8B | 9% |
GD
暂无分部数据
