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爱科（AGCO）与Core & Main, Inc.（CNM）财务数据对比。点击上方公司名可切换其他公司
爱科的季度营收约是Core & Main, Inc.的1.4倍（$2.9B vs $2.1B），Core & Main, Inc.净利率更高（6.6% vs 3.3%，领先3.4%），爱科同比增速更快（1.1% vs 0.0%），爱科自由现金流更多（$675.0M vs $263.0M），过去两年Core & Main, Inc.的营收复合增速更高（19.7% 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。
Core & Main, Inc.总部位于美国密苏里州圣路易斯，是美国专业的水务及相关防护产品分销商，主营供水、污水处理、雨水排放、消防防护类产品，客户覆盖市政部门、私营水务企业及专业承包商，在全美49个州设有370个分支机构，服务6万客户，在售产品达22.5万种。
AGCO vs CNM — 直观对比
营收规模更大
AGCO
是对方的1.4倍
$2.1B
营收增速更快
AGCO
高出1.1%
0.0%
净利率更高
CNM
高出3.4%
3.3%
自由现金流更多
AGCO
多$412.0M
$263.0M
两年增速更快
CNM
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.1B |
| 净利润 | $95.5M | $137.0M |
| 毛利率 | 25.4% | 27.2% |
| 营业利润率 | 7.9% | 10.7% |
| 净利率 | 3.3% | 6.6% |
| 营收同比 | 1.1% | 0.0% |
| 净利润同比 | 137.3% | 0.0% |
| 每股收益（稀释后） | $1.30 | $0.72 |
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AGCOCNM
| Q4 25 | $2.9B | $2.1B | ||
| Q3 25 | $2.5B | $2.1B | ||
| Q2 25 | $2.6B | $1.9B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.9B | $2.0B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $3.2B | $1.7B | ||
| Q1 24 | $2.9B | $1.4B |
净利润AGCOCNM
| Q4 25 | $95.5M | $137.0M | ||
| Q3 25 | $305.7M | $134.0M | ||
| Q2 25 | $314.8M | $100.0M | ||
| Q1 25 | $10.5M | $64.0M | ||
| Q4 24 | $-255.7M | $133.0M | ||
| Q3 24 | $30.0M | $119.0M | ||
| Q2 24 | $-367.1M | $95.0M | ||
| Q1 24 | $168.0M | $63.0M |
毛利率AGCOCNM
| Q4 25 | 25.4% | 27.2% | ||
| Q3 25 | 26.1% | 26.8% | ||
| Q2 25 | 25.0% | 26.7% | ||
| Q1 25 | 25.4% | 26.6% | ||
| Q4 24 | 23.9% | 26.6% | ||
| Q3 24 | 23.2% | 26.4% | ||
| Q2 24 | 25.8% | 26.9% | ||
| Q1 24 | 26.3% | 26.7% |
营业利润率AGCOCNM
| Q4 25 | 7.9% | 10.7% | ||
| Q3 25 | 6.1% | 10.2% | ||
| Q2 25 | 6.2% | 8.9% | ||
| Q1 25 | 2.4% | 7.3% | ||
| Q4 24 | -9.3% | 10.9% | ||
| Q3 24 | 4.4% | 10.4% | ||
| Q2 24 | -7.4% | 9.6% | ||
| Q1 24 | 9.3% | 8.1% |
净利率AGCOCNM
| Q4 25 | 3.3% | 6.6% | ||
| Q3 25 | 12.3% | 6.4% | ||
| Q2 25 | 11.9% | 5.2% | ||
| Q1 25 | 0.5% | 3.8% | ||
| Q4 24 | -8.9% | 6.5% | ||
| Q3 24 | 1.2% | 6.1% | ||
| Q2 24 | -11.3% | 5.5% | ||
| Q1 24 | 5.7% | 4.4% |
每股收益（稀释后）AGCOCNM
| Q4 25 | $1.30 | $0.72 | ||
| Q3 25 | $4.09 | $0.70 | ||
| Q2 25 | $4.22 | $0.52 | ||
| Q1 25 | $0.14 | $0.34 | ||
| Q4 24 | $-3.42 | $0.69 | ||
| Q3 24 | $0.40 | $0.61 | ||
| Q2 24 | $-4.92 | $0.49 | ||
| Q1 24 | $2.25 | $0.34 |
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 | $89.0M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.3B | $2.0B |
| 总资产 | $11.9B | $6.3B |
| 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AGCOCNM
| Q4 25 | $861.8M | $89.0M | ||
| Q3 25 | $884.1M | $25.0M | ||
| Q2 25 | $783.9M | $8.0M | ||
| Q1 25 | $562.6M | $8.0M | ||
| Q4 24 | $612.7M | $10.0M | ||
| Q3 24 | $622.6M | $13.0M | ||
| Q2 24 | $657.3M | $30.0M | ||
| Q1 24 | $2.5B | $1.0M |
总债务AGCOCNM
| 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AGCOCNM
| Q4 25 | $4.3B | $2.0B | ||
| Q3 25 | $4.5B | $1.9B | ||
| Q2 25 | $4.2B | $1.7B | ||
| Q1 25 | $3.8B | $1.7B | ||
| Q4 24 | $3.7B | $1.7B | ||
| Q3 24 | $4.1B | $1.6B | ||
| Q2 24 | $4.1B | $1.6B | ||
| Q1 24 | $4.8B | $1.5B |
总资产AGCOCNM
| Q4 25 | $11.9B | $6.3B | ||
| Q3 25 | $12.5B | $6.3B | ||
| Q2 25 | $12.3B | $6.3B | ||
| Q1 25 | $11.5B | $5.9B | ||
| Q4 24 | $11.2B | $6.2B | ||
| Q3 24 | $13.5B | $6.1B | ||
| Q2 24 | $13.6B | $6.0B | ||
| Q1 24 | $13.5B | $5.1B |
负债/权益比AGCOCNM
| 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 | $271.0M |
| 自由现金流经营现金流 - 资本支出 | $675.0M | $263.0M |
| 自由现金流率自由现金流/营收 | 23.1% | 12.8% |
| 资本支出强度资本支出/营收 | 3.0% | 0.4% |
| 现金转化率经营现金流/净利润 | 8.00× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $740.2M | $575.0M |
8季度趋势，按日历期对齐
经营现金流AGCOCNM
| Q4 25 | $763.6M | $271.0M | ||
| Q3 25 | $71.0M | $34.0M | ||
| Q2 25 | $365.7M | $77.0M | ||
| Q1 25 | $-212.2M | $235.0M | ||
| Q4 24 | $797.9M | $260.0M | ||
| Q3 24 | $26.5M | $48.0M | ||
| Q2 24 | $235.5M | $78.0M | ||
| Q1 24 | $-370.0M | $294.0M |
自由现金流AGCOCNM
| Q4 25 | $675.0M | $263.0M | ||
| Q3 25 | $2.1M | $24.0M | ||
| Q2 25 | $323.5M | $64.0M | ||
| Q1 25 | $-260.4M | $224.0M | ||
| Q4 24 | $683.9M | $252.0M | ||
| Q3 24 | $-59.8M | $39.0M | ||
| Q2 24 | $137.5M | $71.0M | ||
| Q1 24 | $-465.0M | $289.0M |
自由现金流率AGCOCNM
| Q4 25 | 23.1% | 12.8% | ||
| Q3 25 | 0.1% | 1.1% | ||
| Q2 25 | 12.3% | 3.3% | ||
| Q1 25 | -12.7% | 13.2% | ||
| Q4 24 | 23.7% | 12.4% | ||
| Q3 24 | -2.3% | 2.0% | ||
| Q2 24 | 4.2% | 4.1% | ||
| Q1 24 | -15.9% | 20.1% |
资本支出强度AGCOCNM
| Q4 25 | 3.0% | 0.4% | ||
| Q3 25 | 2.8% | 0.5% | ||
| Q2 25 | 1.6% | 0.7% | ||
| Q1 25 | 2.4% | 0.6% | ||
| Q4 24 | 3.9% | 0.4% | ||
| Q3 24 | 3.3% | 0.5% | ||
| Q2 24 | 3.0% | 0.4% | ||
| Q1 24 | 3.2% | 0.3% |
现金转化率AGCOCNM
| Q4 25 | 8.00× | 1.98× | ||
| Q3 25 | 0.23× | 0.25× | ||
| Q2 25 | 1.16× | 0.77× | ||
| Q1 25 | -20.21× | 3.67× | ||
| Q4 24 | — | 1.95× | ||
| Q3 24 | 0.88× | 0.40× | ||
| Q2 24 | — | 0.82× | ||
| Q1 24 | -2.20× | 4.67× |
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
CNM
| Pipes Valves And Fitting Products | $1.4B | 67% |
| Storm Drainage Products | $333.0M | 16% |
| Meter Products | $195.0M | 9% |
| Fire Protection Products | $152.0M | 7% |
