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艾地盟（ADM）与KOHLS Corp（KSS）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KOHLS Corp的5.7倍（$20.5B vs $3.6B），艾地盟净利率更高（1.5% vs 0.2%，领先1.2%），艾地盟同比增速更快（1.6% vs -3.6%），过去两年艾地盟的营收复合增速更高（-4.0% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
ADM vs KSS — 直观对比
营收规模更大
ADM
是对方的5.7倍
$3.6B
营收增速更快
ADM
高出5.2%
-3.6%
净利率更高
ADM
高出1.2%
0.2%
两年增速更快
ADM
近两年复合增速
-22.5%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $20.5B | $3.6B |
| 净利润 | $298.0M | $8.0M |
| 毛利率 | 6.0% | 42.4% |
| 营业利润率 | — | 2.0% |
| 净利率 | 1.5% | 0.2% |
| 营收同比 | 1.6% | -3.6% |
| 净利润同比 | 1.0% | -63.6% |
| 每股收益（稀释后） | $0.62 | $0.07 |
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ADMKSS
| Q1 26 | $20.5B | — | ||
| Q4 25 | $6.1B | $3.6B | ||
| Q3 25 | $6.4B | $3.5B | ||
| Q2 25 | $6.3B | $3.2B | ||
| Q1 25 | $6.1B | $5.4B | ||
| Q4 24 | $-25.7B | $3.7B | ||
| Q3 24 | $6.0B | $3.7B | ||
| Q2 24 | $22.2B | $3.4B |
净利润ADMKSS
| Q1 26 | $298.0M | — | ||
| Q4 25 | $456.0M | $8.0M | ||
| Q3 25 | $108.0M | $153.0M | ||
| Q2 25 | $219.0M | $-15.0M | ||
| Q1 25 | $295.0M | $48.0M | ||
| Q4 24 | $567.0M | $22.0M | ||
| Q3 24 | $18.0M | $66.0M | ||
| Q2 24 | $486.0M | $-27.0M |
毛利率ADMKSS
| Q1 26 | 6.0% | — | ||
| Q4 25 | 20.0% | 42.4% | ||
| Q3 25 | 19.8% | 43.3% | ||
| Q2 25 | 21.6% | 43.3% | ||
| Q1 25 | 19.2% | 35.6% | ||
| Q4 24 | — | 42.4% | ||
| Q3 24 | 22.8% | 43.0% | ||
| Q2 24 | 6.3% | 43.1% |
营业利润率ADMKSS
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 2.0% | ||
| Q3 25 | 2.3% | 7.9% | ||
| Q2 25 | 4.4% | 1.9% | ||
| Q1 25 | 5.7% | 2.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 1.8% | 4.4% | ||
| Q2 24 | 2.7% | 1.3% |
净利率ADMKSS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 7.5% | 0.2% | ||
| Q3 25 | 1.7% | 4.3% | ||
| Q2 25 | 3.5% | -0.5% | ||
| Q1 25 | 4.8% | 0.9% | ||
| Q4 24 | -2.2% | 0.6% | ||
| Q3 24 | 0.3% | 1.8% | ||
| Q2 24 | 2.2% | -0.8% |
每股收益（稀释后）ADMKSS
| Q1 26 | $0.62 | — | ||
| Q4 25 | $0.95 | $0.07 | ||
| Q3 25 | $0.22 | $1.35 | ||
| Q2 25 | $0.45 | $-0.13 | ||
| Q1 25 | $0.61 | $0.43 | ||
| Q4 24 | $1.21 | $0.20 | ||
| Q3 24 | $0.04 | $0.59 | ||
| Q2 24 | $0.98 | $-0.24 |
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 | $144.0M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $22.8B | $3.9B |
| 总资产 | — | $14.1B |
| 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ADMKSS
| Q1 26 | $591.0M | — | ||
| Q4 25 | $1.0B | $144.0M | ||
| Q3 25 | $1.2B | $174.0M | ||
| Q2 25 | $1.1B | $153.0M | ||
| Q1 25 | $864.0M | $134.0M | ||
| Q4 24 | $611.0M | $174.0M | ||
| Q3 24 | $784.0M | $231.0M | ||
| Q2 24 | $764.0M | $228.0M |
总债务ADMKSS
| 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ADMKSS
| Q1 26 | $22.8B | — | ||
| Q4 25 | $22.7B | $3.9B | ||
| Q3 25 | $22.5B | $3.9B | ||
| Q2 25 | $22.4B | $3.8B | ||
| Q1 25 | $22.1B | $3.8B | ||
| Q4 24 | $22.2B | $3.8B | ||
| Q3 24 | $22.0B | $3.8B | ||
| Q2 24 | $22.2B | $3.8B |
总资产ADMKSS
| Q1 26 | — | — | ||
| Q4 25 | $52.4B | $14.1B | ||
| Q3 25 | $51.9B | $13.4B | ||
| Q2 25 | $52.0B | $13.6B | ||
| Q1 25 | $53.4B | $13.6B | ||
| Q4 24 | $53.3B | $15.1B | ||
| Q3 24 | $52.2B | $14.2B | ||
| Q2 24 | $52.7B | $14.3B |
负债/权益比ADMKSS
| Q1 26 | 0.08× | — | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.37× | — | ||
| 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 | — | $124.0M |
| 自由现金流经营现金流 - 资本支出 | — | $16.0M |
| 自由现金流率自由现金流/营收 | — | 0.4% |
| 资本支出强度资本支出/营收 | 0.9% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 15.50× |
| 过去12个月自由现金流最近4个季度 | — | $819.0M |
8季度趋势，按日历期对齐
经营现金流ADMKSS
| Q1 26 | — | — | ||
| Q4 25 | $-313.0M | $124.0M | ||
| Q3 25 | $1.8B | $598.0M | ||
| Q2 25 | $4.3B | $-92.0M | ||
| Q1 25 | $-342.0M | $596.0M | ||
| Q4 24 | $322.0M | $-195.0M | ||
| Q3 24 | $1.3B | $254.0M | ||
| Q2 24 | $468.0M | $-7.0M |
自由现金流ADMKSS
| Q1 26 | — | — | ||
| Q4 25 | $-669.0M | $16.0M | ||
| Q3 25 | $1.5B | $508.0M | ||
| Q2 25 | $4.0B | $-202.0M | ||
| Q1 25 | $-633.0M | $497.0M | ||
| Q4 24 | $-170.0M | $-323.0M | ||
| Q3 24 | $919.0M | $141.0M | ||
| Q2 24 | $106.0M | $-133.0M |
自由现金流率ADMKSS
| Q1 26 | — | — | ||
| Q4 25 | -11.1% | 0.4% | ||
| Q3 25 | 23.6% | 14.3% | ||
| Q2 25 | 63.0% | -6.2% | ||
| Q1 25 | -10.3% | 9.2% | ||
| Q4 24 | 0.7% | -8.7% | ||
| Q3 24 | 15.3% | 3.8% | ||
| Q2 24 | 0.5% | -3.9% |
资本支出强度ADMKSS
| Q1 26 | 0.9% | — | ||
| Q4 25 | 5.9% | 3.0% | ||
| Q3 25 | 4.6% | 2.5% | ||
| Q2 25 | 4.8% | 3.4% | ||
| Q1 25 | 4.7% | 1.8% | ||
| Q4 24 | -1.9% | 3.5% | ||
| Q3 24 | 6.4% | 3.0% | ||
| Q2 24 | 1.6% | 3.7% |
现金转化率ADMKSS
| Q1 26 | — | — | ||
| Q4 25 | -0.69× | 15.50× | ||
| Q3 25 | 16.75× | 3.91× | ||
| Q2 25 | 19.63× | — | ||
| Q1 25 | -1.16× | 12.42× | ||
| Q4 24 | 0.57× | -8.86× | ||
| Q3 24 | 72.22× | 3.85× | ||
| Q2 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
| Ag Services and Oilseeds | $16.0B | 78% |
| Carbohydrate Solutions | $2.6B | 12% |
| Nutrition | $1.8B | 9% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
