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艾地盟（ADM）与REED'S, INC.（REED）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REED'S, INC.的809.2倍（$6.1B vs $7.5M）。艾地盟净利率更高（7.5% vs -50.5%，领先58.1%）。艾地盟同比增速更快（123.5% vs -23.1%）。REED'S, INC.自由现金流更多（$-3.9M vs $-669.0M）。过去两年REED'S, INC.的营收复合增速更高（-11.7% 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。
Waddell & Reed Financial, Inc.是一家美国资产管理与财务规划公司，1937年诞生于密苏里州堪萨斯城。1998年至2021年间为上市企业，总部曾短暂设在堪萨斯州欧弗兰帕克，原本计划迁回堪萨斯城市中心，之后公司被出售，旗下拥有艾薇投资管理等多家资管与销售子公司。
ADM vs REED — 直观对比
营收规模更大
ADM
是对方的809.2倍
$7.5M
营收增速更快
ADM
高出146.7%
-23.1%
净利率更高
ADM
高出58.1%
-50.5%
自由现金流更多
REED
多$665.1M
$-669.0M
两年增速更快
REED
近两年复合增速
-47.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.1B | $7.5M |
| 净利润 | $456.0M | $-3.8M |
| 毛利率 | 20.0% | 20.4% |
| 营业利润率 | 7.9% | -46.9% |
| 净利率 | 7.5% | -50.5% |
| 营收同比 | 123.5% | -23.1% |
| 净利润同比 | -19.6% | 8.2% |
| 每股收益（稀释后） | $0.95 | $-1.26 |
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ADMREED
| Q4 25 | $6.1B | $7.5M | ||
| Q3 25 | $6.4B | $7.0M | ||
| Q2 25 | $6.3B | $9.5M | ||
| Q1 25 | $6.1B | $10.0M | ||
| Q4 24 | $-25.7B | $9.7M | ||
| Q3 24 | $6.0B | $6.8M | ||
| Q2 24 | $22.2B | $11.9M | ||
| Q1 24 | $21.8B | $9.6M |
净利润ADMREED
| Q4 25 | $456.0M | $-3.8M | ||
| Q3 25 | $108.0M | $-4.0M | ||
| Q2 25 | $219.0M | $-6.0M | ||
| Q1 25 | $295.0M | $-2.0M | ||
| Q4 24 | $567.0M | $-4.1M | ||
| Q3 24 | $18.0M | $-4.2M | ||
| Q2 24 | $486.0M | $-3.2M | ||
| Q1 24 | $729.0M | $-1.7M |
毛利率ADMREED
| Q4 25 | 20.0% | 20.4% | ||
| Q3 25 | 19.8% | 17.4% | ||
| Q2 25 | 21.6% | 8.5% | ||
| Q1 25 | 19.2% | 33.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | 22.8% | 18.0% | ||
| Q2 24 | 6.3% | 32.3% | ||
| Q1 24 | 7.6% | 35.6% |
营业利润率ADMREED
| Q4 25 | 7.9% | -46.9% | ||
| Q3 25 | 2.3% | -58.3% | ||
| Q2 25 | 4.4% | -60.8% | ||
| Q1 25 | 5.7% | -17.4% | ||
| Q4 24 | — | -37.6% | ||
| Q3 24 | 1.8% | -46.5% | ||
| Q2 24 | 2.7% | -5.6% | ||
| Q1 24 | 4.1% | -6.8% |
净利率ADMREED
| Q4 25 | 7.5% | -50.5% | ||
| Q3 25 | 1.7% | -56.6% | ||
| Q2 25 | 3.5% | -63.5% | ||
| Q1 25 | 4.8% | -20.3% | ||
| Q4 24 | -2.2% | -42.3% | ||
| Q3 24 | 0.3% | -61.5% | ||
| Q2 24 | 2.2% | -27.1% | ||
| Q1 24 | 3.3% | -17.4% |
每股收益（稀释后）ADMREED
| Q4 25 | $0.95 | $-1.26 | ||
| Q3 25 | $0.22 | $-0.48 | ||
| Q2 25 | $0.45 | $-0.13 | ||
| Q1 25 | $0.61 | $-0.04 | ||
| Q4 24 | $1.21 | $-3.73 | ||
| Q3 24 | $0.04 | $-4.91 | ||
| Q2 24 | $0.98 | $-0.77 | ||
| Q1 24 | $1.42 | $-0.40 |
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 | — |
| 股东权益账面价值 | $22.7B | $9.2M |
| 总资产 | $52.4B | $23.3M |
| 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ADMREED
| 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ADMREED
| 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ADMREED
| Q4 25 | $22.7B | $9.2M | ||
| Q3 25 | $22.5B | $2.8M | ||
| Q2 25 | $22.4B | $1.7M | ||
| Q1 25 | $22.1B | $4.7M | ||
| Q4 24 | $22.2B | $6.6M | ||
| Q3 24 | $22.0B | $-22.0M | ||
| Q2 24 | $22.2B | $-23.8M | ||
| Q1 24 | $23.2B | $-20.7M |
总资产ADMREED
| Q4 25 | $52.4B | $23.3M | ||
| Q3 25 | $51.9B | $19.9M | ||
| Q2 25 | $52.0B | $23.7M | ||
| Q1 25 | $53.4B | $24.5M | ||
| Q4 24 | $53.3B | $25.1M | ||
| Q3 24 | $52.2B | $15.0M | ||
| Q2 24 | $52.7B | $18.7M | ||
| Q1 24 | $54.8B | $19.3M |
负债/权益比ADMREED
| 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 | $-3.8M |
| 自由现金流经营现金流 - 资本支出 | $-669.0M | $-3.9M |
| 自由现金流率自由现金流/营收 | -11.1% | -52.0% |
| 资本支出强度资本支出/营收 | 5.9% | 1.1% |
| 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 | $-17.3M |
8季度趋势，按日历期对齐
经营现金流ADMREED
| Q4 25 | $-313.0M | $-3.8M | ||
| Q3 25 | $1.8B | $-2.8M | ||
| Q2 25 | $4.3B | $-5.0M | ||
| Q1 25 | $-342.0M | $-5.4M | ||
| Q4 24 | $322.0M | $-3.9M | ||
| Q3 24 | $1.3B | $1.1M | ||
| Q2 24 | $468.0M | $-912.0K | ||
| Q1 24 | $700.0M | $-2.4M |
自由现金流ADMREED
| Q4 25 | $-669.0M | $-3.9M | ||
| Q3 25 | $1.5B | $-2.9M | ||
| Q2 25 | $4.0B | $-5.1M | ||
| Q1 25 | $-633.0M | $-5.4M | ||
| Q4 24 | $-170.0M | $-4.0M | ||
| Q3 24 | $919.0M | $1.0M | ||
| Q2 24 | $106.0M | $-924.0K | ||
| Q1 24 | $372.0M | $-2.4M |
自由现金流率ADMREED
| Q4 25 | -11.1% | -52.0% | ||
| Q3 25 | 23.6% | -41.5% | ||
| Q2 25 | 63.0% | -53.2% | ||
| Q1 25 | -10.3% | -54.2% | ||
| Q4 24 | 0.7% | -40.8% | ||
| Q3 24 | 15.3% | 15.3% | ||
| Q2 24 | 0.5% | -7.8% | ||
| Q1 24 | 1.7% | -25.1% |
资本支出强度ADMREED
| Q4 25 | 5.9% | 1.1% | ||
| Q3 25 | 4.6% | 1.4% | ||
| Q2 25 | 4.8% | 0.2% | ||
| Q1 25 | 4.7% | 0.7% | ||
| Q4 24 | -1.9% | 1.0% | ||
| Q3 24 | 6.4% | 0.3% | ||
| Q2 24 | 1.6% | 0.1% | ||
| Q1 24 | 1.5% | 0.2% |
现金转化率ADMREED
| Q4 25 | -0.69× | — | ||
| Q3 25 | 16.75× | — | ||
| Q2 25 | 19.63× | — | ||
| Q1 25 | -1.16× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 72.22× | — | ||
| Q2 24 | 0.96× | — | ||
| 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% |
REED
暂无分部数据
