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艾地盟（ADM）与STEPAN CO（SCL）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STEPAN CO的10.9倍（$6.1B vs $553.9M）。艾地盟净利率更高（7.5% vs 0.9%，领先6.6%）。艾地盟同比增速更快（123.5% vs 5.4%）。STEPAN CO自由现金流更多（$25.4M vs $-669.0M）。过去两年STEPAN CO的营收复合增速更高（0.2% 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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
ADM vs SCL — 直观对比
营收规模更大
ADM
是对方的10.9倍
$553.9M
营收增速更快
ADM
高出118.2%
5.4%
净利率更高
ADM
高出6.6%
0.9%
自由现金流更多
SCL
多$694.4M
$-669.0M
两年增速更快
SCL
近两年复合增速
-47.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.1B | $553.9M |
| 净利润 | $456.0M | $5.0M |
| 毛利率 | 20.0% | 9.3% |
| 营业利润率 | 7.9% | 1.9% |
| 净利率 | 7.5% | 0.9% |
| 营收同比 | 123.5% | 5.4% |
| 净利润同比 | -19.6% | 49.4% |
| 每股收益（稀释后） | $0.95 | $0.22 |
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ADMSCL
| Q4 25 | $6.1B | $553.9M | ||
| Q3 25 | $6.4B | $590.3M | ||
| Q2 25 | $6.3B | $594.7M | ||
| Q1 25 | $6.1B | $593.3M | ||
| Q4 24 | $-25.7B | $525.6M | ||
| Q3 24 | $6.0B | $546.8M | ||
| Q2 24 | $22.2B | $556.4M | ||
| Q1 24 | $21.8B | $551.4M |
净利润ADMSCL
| Q4 25 | $456.0M | $5.0M | ||
| Q3 25 | $108.0M | $10.8M | ||
| Q2 25 | $219.0M | $11.3M | ||
| Q1 25 | $295.0M | $19.7M | ||
| Q4 24 | $567.0M | $3.4M | ||
| Q3 24 | $18.0M | $23.6M | ||
| Q2 24 | $486.0M | $9.5M | ||
| Q1 24 | $729.0M | $13.9M |
毛利率ADMSCL
| Q4 25 | 20.0% | 9.3% | ||
| Q3 25 | 19.8% | 12.0% | ||
| Q2 25 | 21.6% | 12.1% | ||
| Q1 25 | 19.2% | 12.7% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | 22.8% | 13.8% | ||
| Q2 24 | 6.3% | 12.5% | ||
| Q1 24 | 7.6% | 12.7% |
营业利润率ADMSCL
| Q4 25 | 7.9% | 1.9% | ||
| Q3 25 | 2.3% | 3.7% | ||
| Q2 25 | 4.4% | 3.0% | ||
| Q1 25 | 5.7% | 4.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 1.8% | 4.4% | ||
| Q2 24 | 2.7% | 3.4% | ||
| Q1 24 | 4.1% | 3.7% |
净利率ADMSCL
| Q4 25 | 7.5% | 0.9% | ||
| Q3 25 | 1.7% | 1.8% | ||
| Q2 25 | 3.5% | 1.9% | ||
| Q1 25 | 4.8% | 3.3% | ||
| Q4 24 | -2.2% | 0.6% | ||
| Q3 24 | 0.3% | 4.3% | ||
| Q2 24 | 2.2% | 1.7% | ||
| Q1 24 | 3.3% | 2.5% |
每股收益（稀释后）ADMSCL
| Q4 25 | $0.95 | $0.22 | ||
| Q3 25 | $0.22 | $0.47 | ||
| Q2 25 | $0.45 | $0.50 | ||
| Q1 25 | $0.61 | $0.86 | ||
| Q4 24 | $1.21 | $0.14 | ||
| Q3 24 | $0.04 | $1.03 | ||
| Q2 24 | $0.98 | $0.42 | ||
| Q1 24 | $1.42 | $0.61 |
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 | $132.7M |
| 总债务越低越好 | $7.6B | $626.7M |
| 股东权益账面价值 | $22.7B | $1.2B |
| 总资产 | $52.4B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资ADMSCL
| Q4 25 | $1.0B | $132.7M | ||
| Q3 25 | $1.2B | $118.5M | ||
| Q2 25 | $1.1B | $88.9M | ||
| Q1 25 | $864.0M | $107.5M | ||
| Q4 24 | $611.0M | $99.7M | ||
| Q3 24 | $784.0M | $147.3M | ||
| Q2 24 | $764.0M | $124.7M | ||
| Q1 24 | $830.0M | $125.8M |
总债务ADMSCL
| Q4 25 | $7.6B | $626.7M | ||
| Q3 25 | — | $655.5M | ||
| Q2 25 | — | $658.0M | ||
| Q1 25 | — | $659.3M | ||
| Q4 24 | $8.3B | $625.4M | ||
| Q3 24 | $7.6B | $688.5M | ||
| Q2 24 | — | $657.1M | ||
| Q1 24 | — | $646.0M |
股东权益ADMSCL
| Q4 25 | $22.7B | $1.2B | ||
| Q3 25 | $22.5B | $1.2B | ||
| Q2 25 | $22.4B | $1.2B | ||
| Q1 25 | $22.1B | $1.2B | ||
| Q4 24 | $22.2B | $1.2B | ||
| Q3 24 | $22.0B | $1.2B | ||
| Q2 24 | $22.2B | $1.2B | ||
| Q1 24 | $23.2B | $1.2B |
总资产ADMSCL
| Q4 25 | $52.4B | $2.4B | ||
| Q3 25 | $51.9B | $2.4B | ||
| Q2 25 | $52.0B | $2.4B | ||
| Q1 25 | $53.4B | $2.4B | ||
| Q4 24 | $53.3B | $2.3B | ||
| Q3 24 | $52.2B | $2.4B | ||
| Q2 24 | $52.7B | $2.3B | ||
| Q1 24 | $54.8B | $2.4B |
负债/权益比ADMSCL
| Q4 25 | 0.33× | 0.50× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | 0.37× | 0.53× | ||
| Q3 24 | 0.35× | 0.56× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.53× |
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 | $60.0M |
| 自由现金流经营现金流 - 资本支出 | $-669.0M | $25.4M |
| 自由现金流率自由现金流/营收 | -11.1% | 4.6% |
| 资本支出强度资本支出/营收 | 5.9% | 6.3% |
| 现金转化率经营现金流/净利润 | -0.69× | 11.99× |
| 过去12个月自由现金流最近4个季度 | $4.2B | $25.4M |
8季度趋势，按日历期对齐
经营现金流ADMSCL
| Q4 25 | $-313.0M | $60.0M | ||
| Q3 25 | $1.8B | $69.8M | ||
| Q2 25 | $4.3B | $11.2M | ||
| Q1 25 | $-342.0M | $6.9M | ||
| Q4 24 | $322.0M | $68.3M | ||
| Q3 24 | $1.3B | $22.7M | ||
| Q2 24 | $468.0M | $29.5M | ||
| Q1 24 | $700.0M | $41.6M |
自由现金流ADMSCL
| Q4 25 | $-669.0M | $25.4M | ||
| Q3 25 | $1.5B | $40.2M | ||
| Q2 25 | $4.0B | $-14.4M | ||
| Q1 25 | $-633.0M | $-25.8M | ||
| Q4 24 | $-170.0M | $32.1M | ||
| Q3 24 | $919.0M | $-4.0M | ||
| Q2 24 | $106.0M | $-208.0K | ||
| Q1 24 | $372.0M | $11.4M |
自由现金流率ADMSCL
| Q4 25 | -11.1% | 4.6% | ||
| Q3 25 | 23.6% | 6.8% | ||
| Q2 25 | 63.0% | -2.4% | ||
| Q1 25 | -10.3% | -4.3% | ||
| Q4 24 | 0.7% | 6.1% | ||
| Q3 24 | 15.3% | -0.7% | ||
| Q2 24 | 0.5% | -0.0% | ||
| Q1 24 | 1.7% | 2.1% |
资本支出强度ADMSCL
| Q4 25 | 5.9% | 6.3% | ||
| Q3 25 | 4.6% | 5.0% | ||
| Q2 25 | 4.8% | 4.3% | ||
| Q1 25 | 4.7% | 5.5% | ||
| Q4 24 | -1.9% | 6.9% | ||
| Q3 24 | 6.4% | 4.9% | ||
| Q2 24 | 1.6% | 5.3% | ||
| Q1 24 | 1.5% | 5.5% |
现金转化率ADMSCL
| Q4 25 | -0.69× | 11.99× | ||
| Q3 25 | 16.75× | 6.44× | ||
| Q2 25 | 19.63× | 0.99× | ||
| Q1 25 | -1.16× | 0.35× | ||
| Q4 24 | 0.57× | 20.38× | ||
| Q3 24 | 72.22× | 0.96× | ||
| Q2 24 | 0.96× | 3.10× | ||
| Q1 24 | 0.96× | 2.99× |
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% |
SCL
| Surfactants | $401.8M | 73% |
| Polymers | $131.7M | 24% |
| Specialty Products | $20.4M | 4% |
