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艾地盟（ADM）与PETMED EXPRESS INC（PETS）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PETMED EXPRESS INC的148.9倍（$6.1B vs $40.7M）。艾地盟净利率更高（7.5% vs -26.0%，领先33.5%）。艾地盟同比增速更快（123.5% vs -23.3%）。PETMED EXPRESS INC自由现金流更多（$-9.2M vs $-669.0M）。过去两年PETMED EXPRESS INC的营收复合增速更高（-20.9% 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。
PetMed Express，也叫PetMeds，是总部位于美国的线上宠物药房。该企业公开上市，主营宠物处方及非处方药物销售业务，是北美知名的宠物医药线上零售平台。
ADM vs PETS — 直观对比
营收规模更大
ADM
是对方的148.9倍
$40.7M
营收增速更快
ADM
高出146.8%
-23.3%
净利率更高
ADM
高出33.5%
-26.0%
自由现金流更多
PETS
多$659.8M
$-669.0M
两年增速更快
PETS
近两年复合增速
-47.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.1B | $40.7M |
| 净利润 | $456.0M | $-10.6M |
| 毛利率 | 20.0% | 23.3% |
| 营业利润率 | 7.9% | -25.7% |
| 净利率 | 7.5% | -26.0% |
| 营收同比 | 123.5% | -23.3% |
| 净利润同比 | -19.6% | -1392.6% |
| 每股收益（稀释后） | $0.95 | $-0.50 |
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ADMPETS
| Q4 25 | $6.1B | $40.7M | ||
| Q3 25 | $6.4B | $44.4M | ||
| Q2 25 | $6.3B | $51.2M | ||
| Q1 25 | $6.1B | $50.8M | ||
| Q4 24 | $-25.7B | $52.0M | ||
| Q3 24 | $6.0B | $58.0M | ||
| Q2 24 | $22.2B | $66.2M | ||
| Q1 24 | $21.8B | $65.1M |
净利润ADMPETS
| Q4 25 | $456.0M | $-10.6M | ||
| Q3 25 | $108.0M | $-8.5M | ||
| Q2 25 | $219.0M | $-34.2M | ||
| Q1 25 | $295.0M | $-11.6M | ||
| Q4 24 | $567.0M | $-707.0K | ||
| Q3 24 | $18.0M | $2.3M | ||
| Q2 24 | $486.0M | $3.8M | ||
| Q1 24 | $729.0M | $-5.0M |
毛利率ADMPETS
| Q4 25 | 20.0% | 23.3% | ||
| Q3 25 | 19.8% | 28.0% | ||
| Q2 25 | 21.6% | 28.1% | ||
| Q1 25 | 19.2% | 29.9% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | 22.8% | 32.3% | ||
| Q2 24 | 6.3% | 28.8% | ||
| Q1 24 | 7.6% | 29.3% |
营业利润率ADMPETS
| Q4 25 | 7.9% | -25.7% | ||
| Q3 25 | 2.3% | -18.9% | ||
| Q2 25 | 4.4% | -66.7% | ||
| Q1 25 | 5.7% | -11.9% | ||
| Q4 24 | — | -0.9% | ||
| Q3 24 | 1.8% | 1.0% | ||
| Q2 24 | 2.7% | 6.6% | ||
| Q1 24 | 4.1% | -5.9% |
净利率ADMPETS
| Q4 25 | 7.5% | -26.0% | ||
| Q3 25 | 1.7% | -19.2% | ||
| Q2 25 | 3.5% | -66.7% | ||
| Q1 25 | 4.8% | -22.9% | ||
| Q4 24 | -2.2% | -1.4% | ||
| Q3 24 | 0.3% | 4.0% | ||
| Q2 24 | 2.2% | 5.7% | ||
| Q1 24 | 3.3% | -7.7% |
每股收益（稀释后）ADMPETS
| Q4 25 | $0.95 | $-0.50 | ||
| Q3 25 | $0.22 | $-0.41 | ||
| Q2 25 | $0.45 | $-1.65 | ||
| Q1 25 | $0.61 | $-0.56 | ||
| Q4 24 | $1.21 | $-0.03 | ||
| Q3 24 | $0.04 | $0.11 | ||
| Q2 24 | $0.98 | $0.18 | ||
| Q1 24 | $1.42 | $-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 | $1.0B | $26.9M |
| 总债务越低越好 | $7.6B | — |
| 股东权益账面价值 | $22.7B | $32.8M |
| 总资产 | $52.4B | $88.0M |
| 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ADMPETS
| Q4 25 | $1.0B | $26.9M | ||
| Q3 25 | $1.2B | $36.1M | ||
| Q2 25 | $1.1B | $41.1M | ||
| Q1 25 | $864.0M | $54.7M | ||
| Q4 24 | $611.0M | $50.1M | ||
| Q3 24 | $784.0M | $52.0M | ||
| Q2 24 | $764.0M | $46.0M | ||
| Q1 24 | $830.0M | $55.3M |
总债务ADMPETS
| Q4 25 | $7.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.3B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADMPETS
| Q4 25 | $22.7B | $32.8M | ||
| Q3 25 | $22.5B | $43.1M | ||
| Q2 25 | $22.4B | $51.5M | ||
| Q1 25 | $22.1B | $85.1M | ||
| Q4 24 | $22.2B | $96.2M | ||
| Q3 24 | $22.0B | $96.4M | ||
| Q2 24 | $22.2B | $93.5M | ||
| Q1 24 | $23.2B | $96.7M |
总资产ADMPETS
| Q4 25 | $52.4B | $88.0M | ||
| Q3 25 | $51.9B | $100.3M | ||
| Q2 25 | $52.0B | $109.8M | ||
| Q1 25 | $53.4B | $148.7M | ||
| Q4 24 | $53.3B | $144.8M | ||
| Q3 24 | $52.2B | $146.0M | ||
| Q2 24 | $52.7B | $152.7M | ||
| Q1 24 | $54.8B | $169.9M |
负债/权益比ADMPETS
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.37× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-313.0M | $-9.2M |
| 自由现金流经营现金流 - 资本支出 | $-669.0M | $-9.2M |
| 自由现金流率自由现金流/营收 | -11.1% | -22.7% |
| 资本支出强度资本支出/营收 | 5.9% | 0.1% |
| 现金转化率经营现金流/净利润 | -0.69× | — |
| 过去12个月自由现金流最近4个季度 | $4.2B | $-23.0M |
8季度趋势，按日历期对齐
经营现金流ADMPETS
| Q4 25 | $-313.0M | $-9.2M | ||
| Q3 25 | $1.8B | $-2.2M | ||
| Q2 25 | $4.3B | $-12.3M | ||
| Q1 25 | $-342.0M | $7.0M | ||
| Q4 24 | $322.0M | $-1.2M | ||
| Q3 24 | $1.3B | $7.4M | ||
| Q2 24 | $468.0M | $-8.5M | ||
| Q1 24 | $700.0M | $7.1M |
自由现金流ADMPETS
| Q4 25 | $-669.0M | $-9.2M | ||
| Q3 25 | $1.5B | $-4.8M | ||
| Q2 25 | $4.0B | $-13.6M | ||
| Q1 25 | $-633.0M | $4.6M | ||
| Q4 24 | $-170.0M | $-1.9M | ||
| Q3 24 | $919.0M | $6.1M | ||
| Q2 24 | $106.0M | $-9.2M | ||
| Q1 24 | $372.0M | $5.9M |
自由现金流率ADMPETS
| Q4 25 | -11.1% | -22.7% | ||
| Q3 25 | 23.6% | -10.8% | ||
| Q2 25 | 63.0% | -26.5% | ||
| Q1 25 | -10.3% | 9.1% | ||
| Q4 24 | 0.7% | -3.7% | ||
| Q3 24 | 15.3% | 10.6% | ||
| Q2 24 | 0.5% | -13.9% | ||
| Q1 24 | 1.7% | 9.0% |
资本支出强度ADMPETS
| Q4 25 | 5.9% | 0.1% | ||
| Q3 25 | 4.6% | 5.9% | ||
| Q2 25 | 4.8% | 2.5% | ||
| Q1 25 | 4.7% | 4.7% | ||
| Q4 24 | -1.9% | 1.5% | ||
| Q3 24 | 6.4% | 2.2% | ||
| Q2 24 | 1.6% | 1.0% | ||
| Q1 24 | 1.5% | 1.9% |
现金转化率ADMPETS
| Q4 25 | -0.69× | — | ||
| Q3 25 | 16.75× | — | ||
| Q2 25 | 19.63× | — | ||
| Q1 25 | -1.16× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 72.22× | 3.18× | ||
| Q2 24 | 0.96× | -2.27× | ||
| Q1 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
| 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% |
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
