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Aflac（AFL）与UNITED NATURAL FOODS INC（UNFI）财务数据对比。点击上方公司名可切换其他公司
UNITED NATURAL FOODS INC的季度营收约是Aflac的1.6倍（$7.8B vs $4.9B），Aflac净利率更高（28.3% vs -0.1%，领先28.4%），UNITED NATURAL FOODS INC同比增速更快（-0.4% vs -10.0%），过去两年UNITED NATURAL FOODS INC的营收复合增速更高（0.4% vs -5.4%）
Aflac是美国知名保险企业，也是美国最大的补充保险提供商，成立于1955年，总部位于佐治亚州哥伦布市。公司在美国推出多类保险产品，其中薪资抵扣型保险服务知名度较高，参保人遭遇保障范围内的意外或疾病时可获现金赔付，目前已为全球超5000万用户提供财务保障。
联合天然食品公司（UNFI）总部位于美国罗德岛州普罗维登斯，是北美知名的天然有机食品企业，也是美国和加拿大规模最大的上市健康及特色食品批发经销商，是全食超市的核心供应商，2018年来自全食的业务收入占其总营收的三分之一以上。
AFL vs UNFI — 直观对比
营收规模更大
UNFI
是对方的1.6倍
$4.9B
营收增速更快
UNFI
高出9.6%
-10.0%
净利率更高
AFL
高出28.4%
-0.1%
两年增速更快
UNFI
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $7.8B |
| 净利润 | $1.4B | $-4.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 32.3% | 0.2% |
| 净利率 | 28.3% | -0.1% |
| 营收同比 | -10.0% | -0.4% |
| 净利润同比 | -27.5% | 81.0% |
| 每股收益（稀释后） | $2.58 | $-0.06 |
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AFLUNFI
| Q4 25 | $4.9B | $7.8B | ||
| Q3 25 | $4.7B | $7.7B | ||
| Q2 25 | $4.2B | $8.1B | ||
| Q1 25 | $3.4B | $8.2B | ||
| Q4 24 | $5.4B | $7.9B | ||
| Q3 24 | $2.9B | $8.2B | ||
| Q2 24 | $5.1B | $7.5B | ||
| Q1 24 | $5.4B | $7.8B |
净利润AFLUNFI
| Q4 25 | $1.4B | $-4.0M | ||
| Q3 25 | $1.6B | $-87.0M | ||
| Q2 25 | $599.0M | $-7.0M | ||
| Q1 25 | $29.0M | $-3.0M | ||
| Q4 24 | $1.9B | $-21.0M | ||
| Q3 24 | $-93.0M | $-37.0M | ||
| Q2 24 | $1.8B | $-21.0M | ||
| Q1 24 | $1.9B | $-15.0M |
毛利率AFLUNFI
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 13.1% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 13.7% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | — | 13.3% |
营业利润率AFLUNFI
| Q4 25 | 32.3% | 0.2% | ||
| Q3 25 | 42.1% | -1.0% | ||
| Q2 25 | 19.8% | 0.2% | ||
| Q1 25 | 4.3% | 0.3% | ||
| Q4 24 | 39.5% | 0.1% | ||
| Q3 24 | 3.1% | 0.0% | ||
| Q2 24 | 39.3% | 0.1% | ||
| Q1 24 | 39.9% | 0.2% |
净利率AFLUNFI
| Q4 25 | 28.3% | -0.1% | ||
| Q3 25 | 34.6% | -1.1% | ||
| Q2 25 | 14.4% | -0.1% | ||
| Q1 25 | 0.9% | -0.0% | ||
| Q4 24 | 35.2% | -0.3% | ||
| Q3 24 | -3.2% | -0.5% | ||
| Q2 24 | 34.2% | -0.3% | ||
| Q1 24 | 34.6% | -0.2% |
每股收益（稀释后）AFLUNFI
| Q4 25 | $2.58 | $-0.06 | ||
| Q3 25 | $3.08 | $-1.43 | ||
| Q2 25 | $1.11 | $-0.12 | ||
| Q1 25 | $0.05 | $-0.05 | ||
| Q4 24 | $3.45 | $-0.35 | ||
| Q3 24 | $-0.17 | $-0.63 | ||
| Q2 24 | $3.10 | $-0.34 | ||
| Q1 24 | $3.25 | $-0.25 |
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 | $6.2B | $38.0M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $29.5B | $1.5B |
| 总资产 | $116.5B | $7.6B |
| 负债/权益比越低杠杆越低 | — | 1.24× |
8季度趋势，按日历期对齐
现金及短期投资AFLUNFI
| Q4 25 | $6.2B | $38.0M | ||
| Q3 25 | $6.8B | $44.0M | ||
| Q2 25 | $7.0B | $52.0M | ||
| Q1 25 | $5.2B | $44.0M | ||
| Q4 24 | $6.2B | $37.0M | ||
| Q3 24 | $5.6B | $40.0M | ||
| Q2 24 | $6.1B | $39.0M | ||
| Q1 24 | $5.1B | $34.0M |
总债务AFLUNFI
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.2B |
股东权益AFLUNFI
| Q4 25 | $29.5B | $1.5B | ||
| Q3 25 | $28.7B | $1.6B | ||
| Q2 25 | $27.2B | $1.6B | ||
| Q1 25 | $26.3B | $1.6B | ||
| Q4 24 | $26.1B | $1.6B | ||
| Q3 24 | $24.8B | $1.6B | ||
| Q2 24 | $26.0B | $1.7B | ||
| Q1 24 | $23.5B | $1.7B |
总资产AFLUNFI
| Q4 25 | $116.5B | $7.6B | ||
| Q3 25 | $122.3B | $7.6B | ||
| Q2 25 | $124.7B | $7.6B | ||
| Q1 25 | $120.3B | $7.7B | ||
| Q4 24 | $117.6B | $8.0B | ||
| Q3 24 | $128.4B | $7.5B | ||
| Q2 24 | $120.2B | $7.6B | ||
| Q1 24 | $124.7B | $7.7B |
负债/权益比AFLUNFI
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.29× |
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 | $315.0M | $-38.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-54.0M |
| 自由现金流率自由现金流/营收 | — | -0.7% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | 0.23× | — |
| 过去12个月自由现金流最近4个季度 | — | $344.0M |
8季度趋势，按日历期对齐
经营现金流AFLUNFI
| Q4 25 | $315.0M | $-38.0M | ||
| Q3 25 | $1.3B | $160.0M | ||
| Q2 25 | $399.0M | $173.0M | ||
| Q1 25 | $589.0M | $247.0M | ||
| Q4 24 | $333.0M | $-110.0M | ||
| Q3 24 | $1.3B | $199.0M | ||
| Q2 24 | $255.0M | $125.0M | ||
| Q1 24 | $849.0M | $183.0M |
自由现金流AFLUNFI
| Q4 25 | — | $-54.0M | ||
| Q3 25 | — | $86.0M | ||
| Q2 25 | — | $119.0M | ||
| Q1 25 | — | $193.0M | ||
| Q4 24 | — | $-159.0M | ||
| Q3 24 | — | $71.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $116.0M |
自由现金流率AFLUNFI
| Q4 25 | — | -0.7% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.5% |
资本支出强度AFLUNFI
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 0.9% |
现金转化率AFLUNFI
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 20.31× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.45× | — |
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
AFL
| Aflac Japan | $2.3B | 47% |
| Aflac US | $1.7B | 35% |
| Other | $862.0M | 18% |
UNFI
| Natural Segment | $4.3B | 55% |
| Conventional Segment | $3.1B | 40% |
| Retail Segment | $560.0M | 7% |
