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艾地盟（ADM）与高盛（GS）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高盛的1.2倍（$20.5B vs $17.2B），高盛净利率更高（32.7% vs 1.5%，领先31.2%），高盛同比增速更快（18.6% vs 1.6%），过去两年高盛的营收复合增速更高（10.1% 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。
高盛集团是美国跨国投资银行及金融服务提供商，创立于1869年，总部位于纽约市曼哈顿下城，在全球多个国际金融中心设有区域总部。按营收计算，高盛是全球规模最大的投资银行之一，位列美国《财富》500强总营收榜单第55位。
ADM vs GS — 直观对比
营收规模更大
ADM
是对方的1.2倍
$17.2B
营收增速更快
GS
高出17.0%
1.6%
净利率更高
GS
高出31.2%
1.5%
两年增速更快
GS
近两年复合增速
-4.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $20.5B | $17.2B |
| 净利润 | $298.0M | $5.6B |
| 毛利率 | 6.0% | — |
| 营业利润率 | — | 39.5% |
| 净利率 | 1.5% | 32.7% |
| 营收同比 | 1.6% | 18.6% |
| 净利润同比 | 1.0% | 18.8% |
| 每股收益（稀释后） | $0.62 | — |
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ADMGS
| Q1 26 | $20.5B | $17.2B | ||
| Q4 25 | $6.1B | $13.5B | ||
| Q3 25 | $6.4B | $15.2B | ||
| Q2 25 | $6.3B | $14.6B | ||
| Q1 25 | $6.1B | $15.1B | ||
| Q4 24 | $-25.7B | — | ||
| Q3 24 | $6.0B | $12.7B | ||
| Q2 24 | $22.2B | $12.7B |
净利润ADMGS
| Q1 26 | $298.0M | $5.6B | ||
| Q4 25 | $456.0M | $4.6B | ||
| Q3 25 | $108.0M | $4.1B | ||
| Q2 25 | $219.0M | $3.7B | ||
| Q1 25 | $295.0M | $4.7B | ||
| Q4 24 | $567.0M | — | ||
| Q3 24 | $18.0M | $3.0B | ||
| Q2 24 | $486.0M | $3.0B |
毛利率ADMGS
| 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ADMGS
| Q1 26 | — | 39.5% | ||
| Q4 25 | 7.9% | 43.5% | ||
| Q3 25 | 2.3% | 35.5% | ||
| Q2 25 | 4.4% | 34.0% | ||
| Q1 25 | 5.7% | 37.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.8% | 31.4% | ||
| Q2 24 | 2.7% | 30.8% |
净利率ADMGS
| Q1 26 | 1.5% | 32.7% | ||
| Q4 25 | 7.5% | 34.3% | ||
| Q3 25 | 1.7% | 27.0% | ||
| Q2 25 | 3.5% | 25.5% | ||
| Q1 25 | 4.8% | 31.5% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 0.3% | 23.5% | ||
| Q2 24 | 2.2% | 23.9% |
每股收益（稀释后）ADMGS
| Q1 26 | $0.62 | — | ||
| Q4 25 | $0.95 | $14.04 | ||
| Q3 25 | $0.22 | $12.25 | ||
| Q2 25 | $0.45 | $10.91 | ||
| Q1 25 | $0.61 | $14.12 | ||
| Q4 24 | $1.21 | — | ||
| Q3 24 | $0.04 | $8.40 | ||
| Q2 24 | $0.98 | $8.62 |
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 | $179.0B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $22.8B | $123.0B |
| 总资产 | — | $2062.0B |
| 负债/权益比越低杠杆越低 | 0.08× | — |
8季度趋势，按日历期对齐
现金及短期投资ADMGS
| Q1 26 | $591.0M | $179.0B | ||
| Q4 25 | $1.0B | $164.3B | ||
| Q3 25 | $1.2B | $169.6B | ||
| Q2 25 | $1.1B | $153.0B | ||
| Q1 25 | $864.0M | $167.4B | ||
| Q4 24 | $611.0M | — | ||
| Q3 24 | $784.0M | $154.7B | ||
| Q2 24 | $764.0M | $206.3B |
总债务ADMGS
| Q1 26 | $1.7B | — | ||
| Q4 25 | $7.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.3B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | — | — |
股东权益ADMGS
| Q1 26 | $22.8B | $123.0B | ||
| Q4 25 | $22.7B | $125.0B | ||
| Q3 25 | $22.5B | $124.4B | ||
| Q2 25 | $22.4B | $124.1B | ||
| Q1 25 | $22.1B | $124.3B | ||
| Q4 24 | $22.2B | — | ||
| Q3 24 | $22.0B | $121.2B | ||
| Q2 24 | $22.2B | $119.5B |
总资产ADMGS
| Q1 26 | — | $2062.0B | ||
| Q4 25 | $52.4B | $1809.3B | ||
| Q3 25 | $51.9B | $1808.0B | ||
| Q2 25 | $52.0B | $1785.0B | ||
| Q1 25 | $53.4B | $1766.2B | ||
| Q4 24 | $53.3B | — | ||
| Q3 24 | $52.2B | $1728.1B | ||
| Q2 24 | $52.7B | $1653.3B |
负债/权益比ADMGS
| Q1 26 | 0.08× | — | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.37× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | — | — |
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% |
GS
| Management and other fees | $3.1B | 18% |
| FICC intermediation | $2.9B | 17% |
| Equities intermediation | $2.7B | 16% |
| Equities financing | $2.6B | 15% |
| Advisory | $1.5B | 9% |
| FICC financing | $1.1B | 6% |
| Other | $972.0M | 6% |
| Debt underwriting | $811.0M | 5% |
| Private banking and lending | $638.0M | 4% |
| Equity underwriting | $535.0M | 3% |
| Incentive fees | $183.0M | 1% |
| Investments | $180.0M | 1% |
