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艾地盟（ADM）与J.B. Hunt（JBHT）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J.B. Hunt的2.0倍（$6.1B vs $3.1B），艾地盟净利率更高（7.5% vs 5.8%，领先1.7%），艾地盟同比增速更快（123.5% vs -1.6%），J.B. Hunt自由现金流更多（$251.3M vs $-669.0M），过去两年J.B. Hunt的营收复合增速更高（2.6% 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。
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
ADM vs JBHT — 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125.1%
-1.6%
净利率更高
ADM
高出1.7%
5.8%
自由现金流更多
JBHT
多$920.3M
$-669.0M
两年增速更快
JBHT
近两年复合增速
-47.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.1B | $3.1B |
| 净利润 | $456.0M | $181.1M |
| 毛利率 | 20.0% | — |
| 营业利润率 | 7.9% | 8.0% |
| 净利率 | 7.5% | 5.8% |
| 营收同比 | 123.5% | -1.6% |
| 净利润同比 | -19.6% | 16.5% |
| 每股收益（稀释后） | $0.95 | $1.88 |
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ADMJBHT
| Q4 25 | $6.1B | $3.1B | ||
| Q3 25 | $6.4B | $3.1B | ||
| Q2 25 | $6.3B | $2.9B | ||
| Q1 25 | $6.1B | $2.9B | ||
| Q4 24 | $-25.7B | $3.1B | ||
| Q3 24 | $6.0B | $3.1B | ||
| Q2 24 | $22.2B | $2.9B | ||
| Q1 24 | $21.8B | $2.9B |
净利润ADMJBHT
| Q4 25 | $456.0M | $181.1M | ||
| Q3 25 | $108.0M | $170.8M | ||
| Q2 25 | $219.0M | $128.6M | ||
| Q1 25 | $295.0M | $117.7M | ||
| Q4 24 | $567.0M | $155.5M | ||
| Q3 24 | $18.0M | $152.1M | ||
| Q2 24 | $486.0M | $135.9M | ||
| Q1 24 | $729.0M | $127.5M |
毛利率ADMJBHT
| 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% | — | ||
| Q1 24 | 7.6% | — |
营业利润率ADMJBHT
| Q4 25 | 7.9% | 8.0% | ||
| Q3 25 | 2.3% | 7.9% | ||
| Q2 25 | 4.4% | 6.7% | ||
| Q1 25 | 5.7% | 6.1% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 1.8% | 7.3% | ||
| Q2 24 | 2.7% | 7.0% | ||
| Q1 24 | 4.1% | 6.6% |
净利率ADMJBHT
| Q4 25 | 7.5% | 5.8% | ||
| Q3 25 | 1.7% | 5.6% | ||
| Q2 25 | 3.5% | 4.4% | ||
| Q1 25 | 4.8% | 4.0% | ||
| Q4 24 | -2.2% | 4.9% | ||
| Q3 24 | 0.3% | 5.0% | ||
| Q2 24 | 2.2% | 4.6% | ||
| Q1 24 | 3.3% | 4.3% |
每股收益（稀释后）ADMJBHT
| Q4 25 | $0.95 | $1.88 | ||
| Q3 25 | $0.22 | $1.76 | ||
| Q2 25 | $0.45 | $1.31 | ||
| Q1 25 | $0.61 | $1.17 | ||
| Q4 24 | $1.21 | $1.53 | ||
| Q3 24 | $0.04 | $1.49 | ||
| Q2 24 | $0.98 | $1.32 | ||
| Q1 24 | $1.42 | $1.22 |
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 | $17.3M |
| 总债务越低越好 | $7.6B | — |
| 股东权益账面价值 | $22.7B | $3.6B |
| 总资产 | $52.4B | $7.9B |
| 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ADMJBHT
| Q4 25 | $1.0B | $17.3M | ||
| Q3 25 | $1.2B | $52.3M | ||
| Q2 25 | $1.1B | $50.9M | ||
| Q1 25 | $864.0M | $43.4M | ||
| Q4 24 | $611.0M | $47.0M | ||
| Q3 24 | $784.0M | $120.0M | ||
| Q2 24 | $764.0M | $53.5M | ||
| Q1 24 | $830.0M | $64.2M |
总债务ADMJBHT
| Q4 25 | $7.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.3B | $977.7M | ||
| Q3 24 | $7.6B | $1.0B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.4B |
股东权益ADMJBHT
| Q4 25 | $22.7B | $3.6B | ||
| Q3 25 | $22.5B | $3.6B | ||
| Q2 25 | $22.4B | $3.7B | ||
| Q1 25 | $22.1B | $3.9B | ||
| Q4 24 | $22.2B | $4.0B | ||
| Q3 24 | $22.0B | $4.0B | ||
| Q2 24 | $22.2B | $4.1B | ||
| Q1 24 | $23.2B | $4.2B |
总资产ADMJBHT
| Q4 25 | $52.4B | $7.9B | ||
| Q3 25 | $51.9B | $8.1B | ||
| Q2 25 | $52.0B | $8.2B | ||
| Q1 25 | $53.4B | $8.3B | ||
| Q4 24 | $53.3B | $8.3B | ||
| Q3 24 | $52.2B | $8.3B | ||
| Q2 24 | $52.7B | $8.4B | ||
| Q1 24 | $54.8B | $8.4B |
负债/权益比ADMJBHT
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.37× | 0.24× | ||
| Q3 24 | 0.35× | 0.26× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.33× |
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 | $385.6M |
| 自由现金流经营现金流 - 资本支出 | $-669.0M | $251.3M |
| 自由现金流率自由现金流/营收 | -11.1% | 8.1% |
| 资本支出强度资本支出/营收 | 5.9% | 4.3% |
| 现金转化率经营现金流/净利润 | -0.69× | 2.13× |
| 过去12个月自由现金流最近4个季度 | $4.2B | $947.6M |
8季度趋势，按日历期对齐
经营现金流ADMJBHT
| Q4 25 | $-313.0M | $385.6M | ||
| Q3 25 | $1.8B | $486.4M | ||
| Q2 25 | $4.3B | $402.1M | ||
| Q1 25 | $-342.0M | $404.2M | ||
| Q4 24 | $322.0M | $317.6M | ||
| Q3 24 | $1.3B | $338.5M | ||
| Q2 24 | $468.0M | $360.6M | ||
| Q1 24 | $700.0M | $466.5M |
自由现金流ADMJBHT
| Q4 25 | $-669.0M | $251.3M | ||
| Q3 25 | $1.5B | $352.4M | ||
| Q2 25 | $4.0B | $185.6M | ||
| Q1 25 | $-633.0M | $158.4M | ||
| Q4 24 | $-170.0M | $93.3M | ||
| Q3 24 | $919.0M | $163.1M | ||
| Q2 24 | $106.0M | $98.2M | ||
| Q1 24 | $372.0M | $263.1M |
自由现金流率ADMJBHT
| Q4 25 | -11.1% | 8.1% | ||
| Q3 25 | 23.6% | 11.5% | ||
| Q2 25 | 63.0% | 6.3% | ||
| Q1 25 | -10.3% | 5.4% | ||
| Q4 24 | 0.7% | 3.0% | ||
| Q3 24 | 15.3% | 5.3% | ||
| Q2 24 | 0.5% | 3.4% | ||
| Q1 24 | 1.7% | 8.9% |
资本支出强度ADMJBHT
| Q4 25 | 5.9% | 4.3% | ||
| Q3 25 | 4.6% | 4.4% | ||
| Q2 25 | 4.8% | 7.4% | ||
| Q1 25 | 4.7% | 8.4% | ||
| Q4 24 | -1.9% | 7.1% | ||
| Q3 24 | 6.4% | 5.7% | ||
| Q2 24 | 1.6% | 9.0% | ||
| Q1 24 | 1.5% | 6.9% |
现金转化率ADMJBHT
| Q4 25 | -0.69× | 2.13× | ||
| Q3 25 | 16.75× | 2.85× | ||
| Q2 25 | 19.63× | 3.13× | ||
| Q1 25 | -1.16× | 3.43× | ||
| Q4 24 | 0.57× | 2.04× | ||
| Q3 24 | 72.22× | 2.23× | ||
| Q2 24 | 0.96× | 2.65× | ||
| Q1 24 | 0.96× | 3.66× |
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% |
JBHT
| JBI | $1.5B | 50% |
| DCS | $842.8M | 27% |
| ICS | $304.5M | 10% |
| FMS | $206.3M | 7% |
| JBT | $200.7M | 6% |
