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爱科（AGCO）与美高梅国际度假村（MGM）财务数据对比。点击上方公司名可切换其他公司
美高梅国际度假村的季度营收约是爱科的1.6倍（$4.6B vs $2.9B），美高梅国际度假村净利率更高（6.4% vs 3.3%，领先3.1%），美高梅国际度假村同比增速更快（6.0% vs 1.1%），爱科自由现金流更多（$675.0M vs $358.5M），过去两年美高梅国际度假村的营收复合增速更高（2.5% 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。
美高梅国际度假村是美国跨国文旅、体育及娱乐集团，在拉斯维加斯、美国多个州以及中国澳门、上海、成都、杭州、三亚等地运营度假项目，旗下拥有百乐宫、曼德勒海湾、米高梅大酒店、Park MGM等知名物业。
AGCO vs MGM — 直观对比
营收规模更大
MGM
是对方的1.6倍
$2.9B
营收增速更快
MGM
高出4.8%
1.1%
净利率更高
MGM
高出3.1%
3.3%
自由现金流更多
AGCO
多$316.5M
$358.5M
两年增速更快
MGM
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $4.6B |
| 净利润 | $95.5M | $293.6M |
| 毛利率 | 25.4% | — |
| 营业利润率 | 7.9% | 7.1% |
| 净利率 | 3.3% | 6.4% |
| 营收同比 | 1.1% | 6.0% |
| 净利润同比 | 137.3% | 86.5% |
| 每股收益（稀释后） | $1.30 | $1.12 |
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AGCOMGM
| Q4 25 | $2.9B | $4.6B | ||
| Q3 25 | $2.5B | $4.3B | ||
| Q2 25 | $2.6B | $4.4B | ||
| Q1 25 | $2.1B | $4.3B | ||
| Q4 24 | $2.9B | $4.3B | ||
| Q3 24 | $2.6B | $4.2B | ||
| Q2 24 | $3.2B | $4.3B | ||
| Q1 24 | $2.9B | $4.4B |
净利润AGCOMGM
| Q4 25 | $95.5M | $293.6M | ||
| Q3 25 | $305.7M | $-285.3M | ||
| Q2 25 | $314.8M | $49.0M | ||
| Q1 25 | $10.5M | $148.6M | ||
| Q4 24 | $-255.7M | $157.4M | ||
| Q3 24 | $30.0M | $184.6M | ||
| Q2 24 | $-367.1M | $187.1M | ||
| Q1 24 | $168.0M | $217.5M |
毛利率AGCOMGM
| Q4 25 | 25.4% | — | ||
| Q3 25 | 26.1% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 25.4% | — | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 23.2% | — | ||
| Q2 24 | 25.8% | — | ||
| Q1 24 | 26.3% | — |
营业利润率AGCOMGM
| Q4 25 | 7.9% | 7.1% | ||
| Q3 25 | 6.1% | -2.7% | ||
| Q2 25 | 6.2% | 9.2% | ||
| Q1 25 | 2.4% | 9.0% | ||
| Q4 24 | -9.3% | 6.7% | ||
| Q3 24 | 4.4% | 7.5% | ||
| Q2 24 | -7.4% | 9.8% | ||
| Q1 24 | 9.3% | 10.5% |
净利率AGCOMGM
| Q4 25 | 3.3% | 6.4% | ||
| Q3 25 | 12.3% | -6.7% | ||
| Q2 25 | 11.9% | 1.1% | ||
| Q1 25 | 0.5% | 3.5% | ||
| Q4 24 | -8.9% | 3.6% | ||
| Q3 24 | 1.2% | 4.4% | ||
| Q2 24 | -11.3% | 4.3% | ||
| Q1 24 | 5.7% | 5.0% |
每股收益（稀释后）AGCOMGM
| Q4 25 | $1.30 | $1.12 | ||
| Q3 25 | $4.09 | $-1.05 | ||
| Q2 25 | $4.22 | $0.18 | ||
| Q1 25 | $0.14 | $0.51 | ||
| Q4 24 | $-3.42 | $0.52 | ||
| Q3 24 | $0.40 | $0.61 | ||
| Q2 24 | $-4.92 | $0.60 | ||
| Q1 24 | $2.25 | $0.67 |
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 | $2.1B |
| 总债务越低越好 | $2.4B | $6.2B |
| 股东权益账面价值 | $4.3B | $2.4B |
| 总资产 | $11.9B | $41.4B |
| 负债/权益比越低杠杆越低 | 0.56× | 2.56× |
8季度趋势，按日历期对齐
现金及短期投资AGCOMGM
| Q4 25 | $861.8M | $2.1B | ||
| Q3 25 | $884.1M | $2.1B | ||
| Q2 25 | $783.9M | $2.0B | ||
| Q1 25 | $562.6M | $2.3B | ||
| Q4 24 | $612.7M | $2.4B | ||
| Q3 24 | $622.6M | $3.0B | ||
| Q2 24 | $657.3M | $2.4B | ||
| Q1 24 | $2.5B | $2.7B |
总债务AGCOMGM
| Q4 25 | $2.4B | $6.2B | ||
| Q3 25 | $2.7B | $6.2B | ||
| Q2 25 | $2.8B | $6.2B | ||
| Q1 25 | $2.8B | $6.4B | ||
| Q4 24 | $2.6B | $6.4B | ||
| Q3 24 | $4.0B | $6.9B | ||
| Q2 24 | $3.9B | $6.3B | ||
| Q1 24 | $3.7B | $6.3B |
股东权益AGCOMGM
| Q4 25 | $4.3B | $2.4B | ||
| Q3 25 | $4.5B | $2.7B | ||
| Q2 25 | $4.2B | $3.0B | ||
| Q1 25 | $3.8B | $2.9B | ||
| Q4 24 | $3.7B | $3.0B | ||
| Q3 24 | $4.1B | $3.2B | ||
| Q2 24 | $4.1B | $3.2B | ||
| Q1 24 | $4.8B | $3.5B |
总资产AGCOMGM
| Q4 25 | $11.9B | $41.4B | ||
| Q3 25 | $12.5B | $41.4B | ||
| Q2 25 | $12.3B | $41.7B | ||
| Q1 25 | $11.5B | $41.9B | ||
| Q4 24 | $11.2B | $42.2B | ||
| Q3 24 | $13.5B | $42.7B | ||
| Q2 24 | $13.6B | $41.8B | ||
| Q1 24 | $13.5B | $42.1B |
负债/权益比AGCOMGM
| Q4 25 | 0.56× | 2.56× | ||
| Q3 25 | 0.61× | 2.30× | ||
| Q2 25 | 0.68× | 2.09× | ||
| Q1 25 | 0.74× | 2.25× | ||
| Q4 24 | 0.68× | 2.10× | ||
| Q3 24 | 0.95× | 2.14× | ||
| Q2 24 | 0.95× | 1.96× | ||
| Q1 24 | 0.78× | 1.81× |
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 | $655.0M |
| 自由现金流经营现金流 - 资本支出 | $675.0M | $358.5M |
| 自由现金流率自由现金流/营收 | 23.1% | 7.8% |
| 资本支出强度资本支出/营收 | 3.0% | 6.4% |
| 现金转化率经营现金流/净利润 | 8.00× | 2.23× |
| 过去12个月自由现金流最近4个季度 | $740.2M | $1.5B |
8季度趋势，按日历期对齐
经营现金流AGCOMGM
| Q4 25 | $763.6M | $655.0M | ||
| Q3 25 | $71.0M | $681.4M | ||
| Q2 25 | $365.7M | $645.9M | ||
| Q1 25 | $-212.2M | $547.1M | ||
| Q4 24 | $797.9M | $671.6M | ||
| Q3 24 | $26.5M | $667.4M | ||
| Q2 24 | $235.5M | $474.2M | ||
| Q1 24 | $-370.0M | $549.3M |
自由现金流AGCOMGM
| Q4 25 | $675.0M | $358.5M | ||
| Q3 25 | $2.1M | $405.4M | ||
| Q2 25 | $323.5M | $377.4M | ||
| Q1 25 | $-260.4M | $319.0M | ||
| Q4 24 | $683.9M | $267.5M | ||
| Q3 24 | $-59.8M | $331.2M | ||
| Q2 24 | $137.5M | $236.0M | ||
| Q1 24 | $-465.0M | $377.2M |
自由现金流率AGCOMGM
| Q4 25 | 23.1% | 7.8% | ||
| Q3 25 | 0.1% | 9.5% | ||
| Q2 25 | 12.3% | 8.6% | ||
| Q1 25 | -12.7% | 7.5% | ||
| Q4 24 | 23.7% | 6.2% | ||
| Q3 24 | -2.3% | 7.9% | ||
| Q2 24 | 4.2% | 5.5% | ||
| Q1 24 | -15.9% | 8.6% |
资本支出强度AGCOMGM
| Q4 25 | 3.0% | 6.4% | ||
| Q3 25 | 2.8% | 6.5% | ||
| Q2 25 | 1.6% | 6.1% | ||
| Q1 25 | 2.4% | 5.3% | ||
| Q4 24 | 3.9% | 9.3% | ||
| Q3 24 | 3.3% | 8.0% | ||
| Q2 24 | 3.0% | 5.5% | ||
| Q1 24 | 3.2% | 3.9% |
现金转化率AGCOMGM
| Q4 25 | 8.00× | 2.23× | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 1.16× | 13.19× | ||
| Q1 25 | -20.21× | 3.68× | ||
| Q4 24 | — | 4.27× | ||
| Q3 24 | 0.88× | 3.62× | ||
| Q2 24 | — | 2.54× | ||
| Q1 24 | -2.20× | 2.53× |
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
MGM
| Casino | $2.6B | 56% |
| Occupancy | $858.4M | 19% |
| Food And Beverage | $749.0M | 16% |
| Entertainment Retail And Other | $423.0M | 9% |
