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艾地盟（ADM）与好时（HSY）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好时的2.0倍（$6.1B vs $3.1B）。好时净利率更高（10.4% vs 7.5%，领先2.8%）。艾地盟同比增速更快（123.5% vs 7.0%）。好时自由现金流更多（$788.5M vs $-669.0M）。过去两年好时的营收复合增速更高（-2.5% 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。
好时公司是总部位于美国宾夕法尼亚州好时镇的跨国糖果企业，也是全球最大的巧克力生产商之一，由米尔顿·S·好时于1894年创立。公司除核心巧克力产品外，还生产饼干、蛋糕等烘焙食品，同时销售奶昔等多类饮品，产品覆盖多个食品品类。
ADM vs HSY — 直观对比
营收规模更大
ADM
是对方的2.0倍
$3.1B
营收增速更快
ADM
高出116.5%
7.0%
净利率更高
HSY
高出2.8%
7.5%
自由现金流更多
HSY
多$1.5B
$-669.0M
两年增速更快
HSY
近两年复合增速
-47.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.1B | $3.1B |
| 净利润 | $456.0M | $320.0M |
| 毛利率 | 20.0% | 37.0% |
| 营业利润率 | 7.9% | 14.4% |
| 净利率 | 7.5% | 10.4% |
| 营收同比 | 123.5% | 7.0% |
| 净利润同比 | -19.6% | -59.8% |
| 每股收益（稀释后） | $0.95 | — |
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ADMHSY
| Q4 25 | $6.1B | $3.1B | ||
| Q3 25 | $6.4B | $3.2B | ||
| Q2 25 | $6.3B | $2.6B | ||
| Q1 25 | $6.1B | $2.8B | ||
| Q4 24 | $-25.7B | $2.9B | ||
| Q3 24 | $6.0B | $3.0B | ||
| Q2 24 | $22.2B | $2.1B | ||
| Q1 24 | $21.8B | $3.3B |
净利润ADMHSY
| Q4 25 | $456.0M | $320.0M | ||
| Q3 25 | $108.0M | $276.3M | ||
| Q2 25 | $219.0M | $62.7M | ||
| Q1 25 | $295.0M | $224.2M | ||
| Q4 24 | $567.0M | $796.6M | ||
| Q3 24 | $18.0M | $446.3M | ||
| Q2 24 | $486.0M | $180.9M | ||
| Q1 24 | $729.0M | $797.5M |
毛利率ADMHSY
| Q4 25 | 20.0% | 37.0% | ||
| Q3 25 | 19.8% | 32.6% | ||
| Q2 25 | 21.6% | 30.5% | ||
| Q1 25 | 19.2% | 33.7% | ||
| Q4 24 | — | 54.0% | ||
| Q3 24 | 22.8% | 41.3% | ||
| Q2 24 | 6.3% | 40.2% | ||
| Q1 24 | 7.6% | 51.5% |
营业利润率ADMHSY
| Q4 25 | 7.9% | 14.4% | ||
| Q3 25 | 2.3% | 13.7% | ||
| Q2 25 | 4.4% | 7.4% | ||
| Q1 25 | 5.7% | 13.2% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | 1.8% | 20.5% | ||
| Q2 24 | 2.7% | 13.9% | ||
| Q1 24 | 4.1% | 32.5% |
净利率ADMHSY
| Q4 25 | 7.5% | 10.4% | ||
| Q3 25 | 1.7% | 8.7% | ||
| Q2 25 | 3.5% | 2.4% | ||
| Q1 25 | 4.8% | 8.0% | ||
| Q4 24 | -2.2% | 27.6% | ||
| Q3 24 | 0.3% | 14.9% | ||
| Q2 24 | 2.2% | 8.7% | ||
| Q1 24 | 3.3% | 24.5% |
每股收益（稀释后）ADMHSY
| 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 | — | ||
| Q1 24 | $1.42 | — |
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 | — |
| 总债务越低越好 | $7.6B | $4.7B |
| 股东权益账面价值 | $22.7B | $4.6B |
| 总资产 | $52.4B | $13.7B |
| 负债/权益比越低杠杆越低 | 0.33× | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资ADMHSY
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $864.0M | — | ||
| Q4 24 | $611.0M | — | ||
| Q3 24 | $784.0M | — | ||
| Q2 24 | $764.0M | — | ||
| Q1 24 | $830.0M | — |
总债务ADMHSY
| Q4 25 | $7.6B | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $5.2B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | $8.3B | $3.2B | ||
| Q3 24 | $7.6B | $3.2B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.8B |
股东权益ADMHSY
| Q4 25 | $22.7B | $4.6B | ||
| Q3 25 | $22.5B | $4.6B | ||
| Q2 25 | $22.4B | $4.5B | ||
| Q1 25 | $22.1B | $4.7B | ||
| Q4 24 | $22.2B | $4.7B | ||
| Q3 24 | $22.0B | $4.2B | ||
| Q2 24 | $22.2B | $4.0B | ||
| Q1 24 | $23.2B | $4.1B |
总资产ADMHSY
| Q4 25 | $52.4B | $13.7B | ||
| Q3 25 | $51.9B | $13.6B | ||
| Q2 25 | $52.0B | $13.6B | ||
| Q1 25 | $53.4B | $14.0B | ||
| Q4 24 | $53.3B | $12.9B | ||
| Q3 24 | $52.2B | $12.6B | ||
| Q2 24 | $52.7B | $12.4B | ||
| Q1 24 | $54.8B | $12.4B |
负债/权益比ADMHSY
| Q4 25 | 0.33× | 1.01× | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | 0.37× | 0.68× | ||
| Q3 24 | 0.35× | 0.76× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.92× |
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 | $926.6M |
| 自由现金流经营现金流 - 资本支出 | $-669.0M | $788.5M |
| 自由现金流率自由现金流/营收 | -11.1% | 25.5% |
| 资本支出强度资本支出/营收 | 5.9% | 4.5% |
| 现金转化率经营现金流/净利润 | -0.69× | 2.90× |
| 过去12个月自由现金流最近4个季度 | $4.2B | $1.8B |
8季度趋势，按日历期对齐
经营现金流ADMHSY
| Q4 25 | $-313.0M | $926.6M | ||
| Q3 25 | $1.8B | $841.9M | ||
| Q2 25 | $4.3B | $112.2M | ||
| Q1 25 | $-342.0M | $396.7M | ||
| Q4 24 | $322.0M | $941.6M | ||
| Q3 24 | $1.3B | $695.3M | ||
| Q2 24 | $468.0M | $325.6M | ||
| Q1 24 | $700.0M | $569.1M |
自由现金流ADMHSY
| Q4 25 | $-669.0M | $788.5M | ||
| Q3 25 | $1.5B | $756.0M | ||
| Q2 25 | $4.0B | $27.1M | ||
| Q1 25 | $-633.0M | $251.2M | ||
| Q4 24 | $-170.0M | $807.1M | ||
| Q3 24 | $919.0M | $567.3M | ||
| Q2 24 | $106.0M | $195.5M | ||
| Q1 24 | $372.0M | $355.8M |
自由现金流率ADMHSY
| Q4 25 | -11.1% | 25.5% | ||
| Q3 25 | 23.6% | 23.8% | ||
| Q2 25 | 63.0% | 1.0% | ||
| Q1 25 | -10.3% | 9.0% | ||
| Q4 24 | 0.7% | 28.0% | ||
| Q3 24 | 15.3% | 19.0% | ||
| Q2 24 | 0.5% | 9.4% | ||
| Q1 24 | 1.7% | 10.9% |
资本支出强度ADMHSY
| Q4 25 | 5.9% | 4.5% | ||
| Q3 25 | 4.6% | 2.7% | ||
| Q2 25 | 4.8% | 3.3% | ||
| Q1 25 | 4.7% | 5.2% | ||
| Q4 24 | -1.9% | 4.7% | ||
| Q3 24 | 6.4% | 4.3% | ||
| Q2 24 | 1.6% | 6.3% | ||
| Q1 24 | 1.5% | 6.6% |
现金转化率ADMHSY
| Q4 25 | -0.69× | 2.90× | ||
| Q3 25 | 16.75× | 3.05× | ||
| Q2 25 | 19.63× | 1.79× | ||
| Q1 25 | -1.16× | 1.77× | ||
| Q4 24 | 0.57× | 1.18× | ||
| Q3 24 | 72.22× | 1.56× | ||
| Q2 24 | 0.96× | 1.80× | ||
| Q1 24 | 0.96× | 0.71× |
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% |
HSY
暂无分部数据
