vs
爱科（AGCO）与贝壳控股（BEKE）财务数据对比。点击上方公司名可切换其他公司
贝壳控股的季度营收约是爱科的1.1倍（$3.2B vs $2.9B），爱科净利率更高（3.3% vs 3.2%，领先0.0%），过去两年贝壳控股的营收复合增速更高（9.8% vs -0.1%）
AGCO是1990年成立的美国农业机械制造商，总部位于佐治亚州德卢斯。公司主营设计、生产及销售拖拉机、联合收割机、青贮收获机、牧草设备、自走式喷雾机、播种耕作设备等产品，同时提供智慧农业相关技术解决方案。
贝壳控股是中国领先的线上线下一体化居住服务平台，旗下运营贝壳找房等品牌，业务覆盖二手房交易经纪、新房代理销售、房屋租赁、家装改造及居住相关金融咨询服务，可满足消费者全周期居住需求。
AGCO vs BEKE — 直观对比
营收规模更大
BEKE
是对方的1.1倍
$2.9B
净利率更高
AGCO
高出0.0%
3.2%
两年增速更快
BEKE
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $3.2B |
| 净利润 | $95.5M | $104.9M |
| 毛利率 | 25.4% | 21.4% |
| 营业利润率 | 7.9% | 2.6% |
| 净利率 | 3.3% | 3.2% |
| 营收同比 | 1.1% | — |
| 净利润同比 | 137.3% | — |
| 每股收益（稀释后） | $1.30 | — |
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AGCOBEKE
| Q4 25 | $2.9B | $3.2B | ||
| Q3 25 | $2.5B | $3.6B | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.6B | $3.2B | ||
| Q2 24 | $3.2B | $3.2B | ||
| Q1 24 | $2.9B | $2.3B |
净利润AGCOBEKE
| Q4 25 | $95.5M | $104.9M | ||
| Q3 25 | $305.7M | $182.4M | ||
| Q2 25 | $314.8M | — | ||
| Q1 25 | $10.5M | $117.9M | ||
| Q4 24 | $-255.7M | — | ||
| Q3 24 | $30.0M | $166.5M | ||
| Q2 24 | $-367.1M | $261.5M | ||
| Q1 24 | $168.0M | $59.8M |
毛利率AGCOBEKE
| Q4 25 | 25.4% | 21.4% | ||
| Q3 25 | 26.1% | 21.9% | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 25.4% | 20.7% | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 23.2% | 22.7% | ||
| Q2 24 | 25.8% | 27.9% | ||
| Q1 24 | 26.3% | 25.2% |
营业利润率AGCOBEKE
| Q4 25 | 7.9% | 2.6% | ||
| Q3 25 | 6.1% | 4.1% | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 2.4% | 2.5% | ||
| Q4 24 | -9.3% | — | ||
| Q3 24 | 4.4% | 3.2% | ||
| Q2 24 | -7.4% | 8.6% | ||
| Q1 24 | 9.3% | 0.1% |
净利率AGCOBEKE
| Q4 25 | 3.3% | 3.2% | ||
| Q3 25 | 12.3% | 5.0% | ||
| Q2 25 | 11.9% | — | ||
| Q1 25 | 0.5% | 3.7% | ||
| Q4 24 | -8.9% | — | ||
| Q3 24 | 1.2% | 5.2% | ||
| Q2 24 | -11.3% | 8.1% | ||
| Q1 24 | 5.7% | 2.6% |
每股收益（稀释后）AGCOBEKE
| Q4 25 | $1.30 | — | ||
| Q3 25 | $4.09 | — | ||
| Q2 25 | $4.22 | — | ||
| Q1 25 | $0.14 | — | ||
| Q4 24 | $-3.42 | — | ||
| Q3 24 | $0.40 | — | ||
| Q2 24 | $-4.92 | — | ||
| Q1 24 | $2.25 | — |
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 | $861.8M | $1.3B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.3B | — |
| 总资产 | $11.9B | $16.8B |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
现金及短期投资AGCOBEKE
| Q4 25 | $861.8M | $1.3B | ||
| Q3 25 | $884.1M | $1.6B | ||
| Q2 25 | $783.9M | — | ||
| Q1 25 | $562.6M | $1.8B | ||
| Q4 24 | $612.7M | — | ||
| Q3 24 | $622.6M | $1.4B | ||
| Q2 24 | $657.3M | $1.3B | ||
| Q1 24 | $2.5B | $2.5B |
总债务AGCOBEKE
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.7B | — |
股东权益AGCOBEKE
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.5B | $9.6B | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $3.8B | $9.5B | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $4.1B | $10.1B | ||
| Q2 24 | $4.1B | $9.7B | ||
| Q1 24 | $4.8B | $9.6B |
总资产AGCOBEKE
| Q4 25 | $11.9B | $16.8B | ||
| Q3 25 | $12.5B | $17.3B | ||
| Q2 25 | $12.3B | — | ||
| Q1 25 | $11.5B | $18.0B | ||
| Q4 24 | $11.2B | — | ||
| Q3 24 | $13.5B | $17.5B | ||
| Q2 24 | $13.6B | $16.9B | ||
| Q1 24 | $13.5B | $16.5B |
负债/权益比AGCOBEKE
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 0.95× | — | ||
| Q1 24 | 0.78× | — |
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 | $763.6M | — |
| 自由现金流经营现金流 - 资本支出 | $675.0M | — |
| 自由现金流率自由现金流/营收 | 23.1% | — |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 现金转化率经营现金流/净利润 | 8.00× | — |
| 过去12个月自由现金流最近4个季度 | $740.2M | — |
8季度趋势，按日历期对齐
经营现金流AGCOBEKE
| Q4 25 | $763.6M | — | ||
| Q3 25 | $71.0M | — | ||
| Q2 25 | $365.7M | — | ||
| Q1 25 | $-212.2M | $-546.4M | ||
| Q4 24 | $797.9M | — | ||
| Q3 24 | $26.5M | $64.0M | ||
| Q2 24 | $235.5M | — | ||
| Q1 24 | $-370.0M | — |
自由现金流AGCOBEKE
| Q4 25 | $675.0M | — | ||
| Q3 25 | $2.1M | — | ||
| Q2 25 | $323.5M | — | ||
| Q1 25 | $-260.4M | — | ||
| Q4 24 | $683.9M | — | ||
| Q3 24 | $-59.8M | — | ||
| Q2 24 | $137.5M | — | ||
| Q1 24 | $-465.0M | — |
自由现金流率AGCOBEKE
| Q4 25 | 23.1% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 12.3% | — | ||
| Q1 25 | -12.7% | — | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | -2.3% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | -15.9% | — |
资本支出强度AGCOBEKE
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 3.2% | — |
现金转化率AGCOBEKE
| Q4 25 | 8.00× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | -20.21× | -4.64× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.88× | 0.38× | ||
| Q2 24 | — | — | ||
| Q1 24 | -2.20× | — |
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
AGCO
暂无分部数据
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
