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艾地盟（ADM）与RYDER SYSTEM INC（R）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RYDER SYSTEM INC的1.9倍（$6.1B vs $3.1B），艾地盟净利率更高（7.5% vs 3.0%，领先4.6%），艾地盟同比增速更快（123.5% vs 1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-669.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% 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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
ADM vs R — 直观对比
营收规模更大
ADM
是对方的1.9倍
$3.1B
营收增速更快
ADM
高出122.5%
1.0%
净利率更高
ADM
高出4.6%
3.0%
自由现金流更多
R
多$942.0M
$-669.0M
两年增速更快
R
近两年复合增速
-47.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.1B | $3.1B |
| 净利润 | $456.0M | $93.0M |
| 毛利率 | 20.0% | — |
| 营业利润率 | 7.9% | — |
| 净利率 | 7.5% | 3.0% |
| 营收同比 | 123.5% | 1.0% |
| 净利润同比 | -19.6% | -5.1% |
| 每股收益（稀释后） | $0.95 | $2.34 |
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ADMR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $6.1B | $3.2B | ||
| Q3 25 | $6.4B | $3.2B | ||
| Q2 25 | $6.3B | $3.2B | ||
| Q1 25 | $6.1B | $3.1B | ||
| Q4 24 | $-25.7B | $3.2B | ||
| Q3 24 | $6.0B | $3.2B | ||
| Q2 24 | $22.2B | $3.2B |
净利润ADMR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $456.0M | $132.0M | ||
| Q3 25 | $108.0M | $138.0M | ||
| Q2 25 | $219.0M | $131.0M | ||
| Q1 25 | $295.0M | $98.0M | ||
| Q4 24 | $567.0M | $135.0M | ||
| Q3 24 | $18.0M | $142.0M | ||
| Q2 24 | $486.0M | $127.0M |
毛利率ADMR
| Q1 26 | — | — | ||
| 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ADMR
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 5.6% | ||
| Q3 25 | 2.3% | 6.0% | ||
| Q2 25 | 4.4% | 5.8% | ||
| Q1 25 | 5.7% | 4.3% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | 1.8% | 5.9% | ||
| Q2 24 | 2.7% | 5.6% |
净利率ADMR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 7.5% | 4.2% | ||
| Q3 25 | 1.7% | 4.4% | ||
| Q2 25 | 3.5% | 4.1% | ||
| Q1 25 | 4.8% | 3.1% | ||
| Q4 24 | -2.2% | 4.2% | ||
| Q3 24 | 0.3% | 4.5% | ||
| Q2 24 | 2.2% | 4.0% |
每股收益（稀释后）ADMR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $0.95 | $3.22 | ||
| Q3 25 | $0.22 | $3.32 | ||
| Q2 25 | $0.45 | $3.13 | ||
| Q1 25 | $0.61 | $2.27 | ||
| Q4 24 | $1.21 | $3.09 | ||
| Q3 24 | $0.04 | $3.24 | ||
| Q2 24 | $0.98 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $7.6B | — |
| 股东权益账面价值 | $22.7B | $2.9B |
| 总资产 | $52.4B | — |
| 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ADMR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.0B | $198.0M | ||
| Q3 25 | $1.2B | $189.0M | ||
| Q2 25 | $1.1B | $180.0M | ||
| Q1 25 | $864.0M | $151.0M | ||
| Q4 24 | $611.0M | $154.0M | ||
| Q3 24 | $784.0M | $162.0M | ||
| Q2 24 | $764.0M | $164.0M |
总债务ADMR
| Q1 26 | — | — | ||
| Q4 25 | $7.6B | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | $8.3B | $6.7B | ||
| Q3 24 | $7.6B | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益ADMR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $22.7B | $3.1B | ||
| Q3 25 | $22.5B | $3.1B | ||
| Q2 25 | $22.4B | $3.1B | ||
| Q1 25 | $22.1B | $3.0B | ||
| Q4 24 | $22.2B | $3.1B | ||
| Q3 24 | $22.0B | $3.1B | ||
| Q2 24 | $22.2B | $3.1B |
总资产ADMR
| Q1 26 | — | — | ||
| Q4 25 | $52.4B | $16.4B | ||
| Q3 25 | $51.9B | $16.5B | ||
| Q2 25 | $52.0B | $16.5B | ||
| Q1 25 | $53.4B | $16.4B | ||
| Q4 24 | $53.3B | $16.7B | ||
| Q3 24 | $52.2B | $16.5B | ||
| Q2 24 | $52.7B | $16.4B |
负债/权益比ADMR
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | 0.37× | 2.14× | ||
| Q3 24 | 0.35× | 2.17× | ||
| Q2 24 | — | 2.09× |
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 | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-669.0M | $273.0M |
| 自由现金流率自由现金流/营收 | -11.1% | 8.7% |
| 资本支出强度资本支出/营收 | 5.9% | 13.7% |
| 现金转化率经营现金流/净利润 | -0.69× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $4.2B | $595.0M |
8季度趋势，按日历期对齐
经营现金流ADMR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $-313.0M | $749.0M | ||
| Q3 25 | $1.8B | $442.0M | ||
| Q2 25 | $4.3B | $752.0M | ||
| Q1 25 | $-342.0M | $651.0M | ||
| Q4 24 | $322.0M | $558.0M | ||
| Q3 24 | $1.3B | $629.0M | ||
| Q2 24 | $468.0M | $552.0M |
自由现金流ADMR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $-669.0M | $344.0M | ||
| Q3 25 | $1.5B | $-85.0M | ||
| Q2 25 | $4.0B | $63.0M | ||
| Q1 25 | $-633.0M | $137.0M | ||
| Q4 24 | $-170.0M | $-201.0M | ||
| Q3 24 | $919.0M | $30.0M | ||
| Q2 24 | $106.0M | $-87.0M |
自由现金流率ADMR
| Q1 26 | — | 8.7% | ||
| Q4 25 | -11.1% | 10.8% | ||
| Q3 25 | 23.6% | -2.7% | ||
| Q2 25 | 63.0% | 2.0% | ||
| Q1 25 | -10.3% | 4.4% | ||
| Q4 24 | 0.7% | -6.3% | ||
| Q3 24 | 15.3% | 0.9% | ||
| Q2 24 | 0.5% | -2.7% |
资本支出强度ADMR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 5.9% | 12.8% | ||
| Q3 25 | 4.6% | 16.6% | ||
| Q2 25 | 4.8% | 21.6% | ||
| Q1 25 | 4.7% | 16.4% | ||
| Q4 24 | -1.9% | 23.8% | ||
| Q3 24 | 6.4% | 18.9% | ||
| Q2 24 | 1.6% | 20.1% |
现金转化率ADMR
| Q1 26 | — | 6.27× | ||
| Q4 25 | -0.69× | 5.67× | ||
| Q3 25 | 16.75× | 3.20× | ||
| Q2 25 | 19.63× | 5.74× | ||
| Q1 25 | -1.16× | 6.64× | ||
| Q4 24 | 0.57× | 4.13× | ||
| Q3 24 | 72.22× | 4.43× | ||
| Q2 24 | 0.96× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
