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艾地盟（ADM）与摩森康胜饮品公司（TAP）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摩森康胜饮品公司的1.9倍（$6.1B vs $3.1B）。摩森康胜饮品公司净利率更高（7.6% vs 7.5%，领先0.1%）。艾地盟同比增速更快（123.5% vs -3.6%）。摩森康胜饮品公司自由现金流更多（$357.8M vs $-669.0M）。过去两年摩森康胜饮品公司的营收复合增速更高（1.2% 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。
摩森康胜饮品公司是一家美加合资的跨国饮料酿造企业，旗下拥有多款知名酒精及非酒精饮品产品线，业务覆盖全球多个国家和地区，目前在伊利诺伊州芝加哥与魁北克省蒙特利尔设有双总部。
ADM vs TAP — 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127.2%
-3.6%
净利率更高
TAP
高出0.1%
7.5%
自由现金流更多
TAP
多$1.0B
$-669.0M
两年增速更快
TAP
近两年复合增速
-47.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.1B | $3.1B |
| 净利润 | $456.0M | $238.3M |
| 毛利率 | 20.0% | 31.0% |
| 营业利润率 | 7.9% | 10.4% |
| 净利率 | 7.5% | 7.6% |
| 营收同比 | 123.5% | -3.6% |
| 净利润同比 | -19.6% | -17.2% |
| 每股收益（稀释后） | $0.95 | $1.32 |
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ADMTAP
| Q4 25 | $6.1B | $3.1B | ||
| Q3 25 | $6.4B | $3.5B | ||
| Q2 25 | $6.3B | $3.7B | ||
| Q1 25 | $6.1B | $2.7B | ||
| Q4 24 | $-25.7B | $3.2B | ||
| Q3 24 | $6.0B | $3.6B | ||
| Q2 24 | $22.2B | $3.8B | ||
| Q1 24 | $21.8B | $3.0B |
净利润ADMTAP
| Q4 25 | $456.0M | $238.3M | ||
| Q3 25 | $108.0M | $-2.9B | ||
| Q2 25 | $219.0M | $428.7M | ||
| Q1 25 | $295.0M | $121.0M | ||
| Q4 24 | $567.0M | $287.8M | ||
| Q3 24 | $18.0M | $199.8M | ||
| Q2 24 | $486.0M | $427.0M | ||
| Q1 24 | $729.0M | $207.8M |
毛利率ADMTAP
| Q4 25 | 20.0% | 31.0% | ||
| Q3 25 | 19.8% | 33.7% | ||
| Q2 25 | 21.6% | 34.3% | ||
| Q1 25 | 19.2% | 31.6% | ||
| Q4 24 | — | 32.0% | ||
| Q3 24 | 22.8% | 33.4% | ||
| Q2 24 | 6.3% | 34.6% | ||
| Q1 24 | 7.6% | 31.6% |
营业利润率ADMTAP
| Q4 25 | 7.9% | 10.4% | ||
| Q3 25 | 2.3% | -98.5% | ||
| Q2 25 | 4.4% | 15.6% | ||
| Q1 25 | 5.7% | 6.9% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | 1.8% | 12.5% | ||
| Q2 24 | 2.7% | 15.6% | ||
| Q1 24 | 4.1% | 10.3% |
净利率ADMTAP
| Q4 25 | 7.5% | 7.6% | ||
| Q3 25 | 1.7% | -84.0% | ||
| Q2 25 | 3.5% | 11.5% | ||
| Q1 25 | 4.8% | 4.5% | ||
| Q4 24 | -2.2% | 8.9% | ||
| Q3 24 | 0.3% | 5.5% | ||
| Q2 24 | 2.2% | 11.1% | ||
| Q1 24 | 3.3% | 6.8% |
每股收益（稀释后）ADMTAP
| Q4 25 | $0.95 | $1.32 | ||
| Q3 25 | $0.22 | $-14.79 | ||
| Q2 25 | $0.45 | $2.13 | ||
| Q1 25 | $0.61 | $0.59 | ||
| Q4 24 | $1.21 | $1.39 | ||
| Q3 24 | $0.04 | $0.96 | ||
| Q2 24 | $0.98 | $2.03 | ||
| Q1 24 | $1.42 | $0.97 |
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 | $896.5M |
| 总债务越低越好 | $7.6B | $6.3B |
| 股东权益账面价值 | $22.7B | $10.2B |
| 总资产 | $52.4B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资ADMTAP
| Q4 25 | $1.0B | $896.5M | ||
| Q3 25 | $1.2B | $950.2M | ||
| Q2 25 | $1.1B | $613.8M | ||
| Q1 25 | $864.0M | $412.7M | ||
| Q4 24 | $611.0M | $969.3M | ||
| Q3 24 | $784.0M | $1.0B | ||
| Q2 24 | $764.0M | $1.6B | ||
| Q1 24 | $830.0M | $458.4M |
总债务ADMTAP
| Q4 25 | $7.6B | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | $8.3B | $6.1B | ||
| Q3 24 | $7.6B | $6.2B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | — | $6.2B |
股东权益ADMTAP
| Q4 25 | $22.7B | $10.2B | ||
| Q3 25 | $22.5B | $10.3B | ||
| Q2 25 | $22.4B | $13.4B | ||
| Q1 25 | $22.1B | $13.1B | ||
| Q4 24 | $22.2B | $13.1B | ||
| Q3 24 | $22.0B | $13.3B | ||
| Q2 24 | $22.2B | $13.2B | ||
| Q1 24 | $23.2B | $13.1B |
总资产ADMTAP
| Q4 25 | $52.4B | $22.7B | ||
| Q3 25 | $51.9B | $22.9B | ||
| Q2 25 | $52.0B | $26.8B | ||
| Q1 25 | $53.4B | $25.9B | ||
| Q4 24 | $53.3B | $26.1B | ||
| Q3 24 | $52.2B | $26.6B | ||
| Q2 24 | $52.7B | $27.4B | ||
| Q1 24 | $54.8B | $26.1B |
负债/权益比ADMTAP
| Q4 25 | 0.33× | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | 0.37× | 0.47× | ||
| Q3 24 | 0.35× | 0.47× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.47× |
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 | $540.7M |
| 自由现金流经营现金流 - 资本支出 | $-669.0M | $357.8M |
| 自由现金流率自由现金流/营收 | -11.1% | 11.4% |
| 资本支出强度资本支出/营收 | 5.9% | 5.9% |
| 现金转化率经营现金流/净利润 | -0.69× | 2.27× |
| 过去12个月自由现金流最近4个季度 | $4.2B | $1.1B |
8季度趋势，按日历期对齐
经营现金流ADMTAP
| Q4 25 | $-313.0M | $540.7M | ||
| Q3 25 | $1.8B | $616.1M | ||
| Q2 25 | $4.3B | $718.3M | ||
| Q1 25 | $-342.0M | $-90.7M | ||
| Q4 24 | $322.0M | $494.5M | ||
| Q3 24 | $1.3B | $521.2M | ||
| Q2 24 | $468.0M | $869.2M | ||
| Q1 24 | $700.0M | $25.4M |
自由现金流ADMTAP
| Q4 25 | $-669.0M | $357.8M | ||
| Q3 25 | $1.5B | $483.0M | ||
| Q2 25 | $4.0B | $555.0M | ||
| Q1 25 | $-633.0M | $-328.0M | ||
| Q4 24 | $-170.0M | $383.4M | ||
| Q3 24 | $919.0M | $350.4M | ||
| Q2 24 | $106.0M | $691.7M | ||
| Q1 24 | $372.0M | $-189.3M |
自由现金流率ADMTAP
| Q4 25 | -11.1% | 11.4% | ||
| Q3 25 | 23.6% | 13.9% | ||
| Q2 25 | 63.0% | 14.8% | ||
| Q1 25 | -10.3% | -12.2% | ||
| Q4 24 | 0.7% | 11.8% | ||
| Q3 24 | 15.3% | 9.7% | ||
| Q2 24 | 0.5% | 18.0% | ||
| Q1 24 | 1.7% | -6.2% |
资本支出强度ADMTAP
| Q4 25 | 5.9% | 5.9% | ||
| Q3 25 | 4.6% | 3.8% | ||
| Q2 25 | 4.8% | 4.4% | ||
| Q1 25 | 4.7% | 8.8% | ||
| Q4 24 | -1.9% | 3.4% | ||
| Q3 24 | 6.4% | 4.7% | ||
| Q2 24 | 1.6% | 4.6% | ||
| Q1 24 | 1.5% | 7.0% |
现金转化率ADMTAP
| Q4 25 | -0.69× | 2.27× | ||
| Q3 25 | 16.75× | — | ||
| Q2 25 | 19.63× | 1.68× | ||
| Q1 25 | -1.16× | -0.75× | ||
| Q4 24 | 0.57× | 1.72× | ||
| Q3 24 | 72.22× | 2.61× | ||
| Q2 24 | 0.96× | 2.04× | ||
| Q1 24 | 0.96× | 0.12× |
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% |
TAP
暂无分部数据
