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爱科（AGCO）与NiSource（NI）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NiSource的1.5倍（$2.9B vs $1.9B），NiSource净利率更高（13.7% vs 3.3%，领先10.4%），NiSource同比增速更快（22.5% vs 1.1%），爱科自由现金流更多（$675.0M vs $-133.7M），过去两年NiSource的营收复合增速更高（7.2% 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。
NiSource是美国规模最大的受全面监管公用事业企业之一，总部位于印第安纳州梅里尔维尔，员工规模超8000人。公司旗下拥有Columbia Gas、NIPSCO两大本土品牌，业务覆盖美国六个州，为约350万天然气用户、50万电力用户提供服务，2018年时是印第安纳州唯一的本土公用事业企业。
AGCO vs NI — 直观对比
营收规模更大
AGCO
是对方的1.5倍
$1.9B
营收增速更快
NI
高出21.4%
1.1%
净利率更高
NI
高出10.4%
3.3%
自由现金流更多
AGCO
多$808.7M
$-133.7M
两年增速更快
NI
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.9B |
| 净利润 | $95.5M | $257.8M |
| 毛利率 | 25.4% | — |
| 营业利润率 | 7.9% | 27.3% |
| 净利率 | 3.3% | 13.7% |
| 营收同比 | 1.1% | 22.5% |
| 净利润同比 | 137.3% | 15.1% |
| 每股收益（稀释后） | $1.30 | $0.53 |
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AGCONI
| Q4 25 | $2.9B | $1.9B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.9B | $1.5B | ||
| Q3 24 | $2.6B | $1.0B | ||
| Q2 24 | $3.2B | $1.1B | ||
| Q1 24 | $2.9B | $1.6B |
净利润AGCONI
| Q4 25 | $95.5M | $257.8M | ||
| Q3 25 | $305.7M | $94.7M | ||
| Q2 25 | $314.8M | $102.2M | ||
| Q1 25 | $10.5M | $474.8M | ||
| Q4 24 | $-255.7M | $223.9M | ||
| Q3 24 | $30.0M | $85.7M | ||
| Q2 24 | $-367.1M | $85.8M | ||
| Q1 24 | $168.0M | $365.0M |
毛利率AGCONI
| 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AGCONI
| Q4 25 | 7.9% | 27.3% | ||
| Q3 25 | 6.1% | 24.0% | ||
| Q2 25 | 6.2% | 21.1% | ||
| Q1 25 | 2.4% | 35.3% | ||
| Q4 24 | -9.3% | 27.1% | ||
| Q3 24 | 4.4% | 20.9% | ||
| Q2 24 | -7.4% | 22.5% | ||
| Q1 24 | 9.3% | 35.5% |
净利率AGCONI
| Q4 25 | 3.3% | 13.7% | ||
| Q3 25 | 12.3% | 7.6% | ||
| Q2 25 | 11.9% | 8.2% | ||
| Q1 25 | 0.5% | 22.1% | ||
| Q4 24 | -8.9% | 14.5% | ||
| Q3 24 | 1.2% | 8.2% | ||
| Q2 24 | -11.3% | 8.1% | ||
| Q1 24 | 5.7% | 22.2% |
每股收益（稀释后）AGCONI
| Q4 25 | $1.30 | $0.53 | ||
| Q3 25 | $4.09 | $0.20 | ||
| Q2 25 | $4.22 | $0.22 | ||
| Q1 25 | $0.14 | $1.00 | ||
| Q4 24 | $-3.42 | $0.47 | ||
| Q3 24 | $0.40 | $0.19 | ||
| Q2 24 | $-4.92 | $0.19 | ||
| Q1 24 | $2.25 | $0.77 |
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 | $110.1M |
| 总债务越低越好 | $2.4B | $15.5B |
| 股东权益账面价值 | $4.3B | $9.5B |
| 总资产 | $11.9B | $35.9B |
| 负债/权益比越低杠杆越低 | 0.56× | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资AGCONI
| Q4 25 | $861.8M | $110.1M | ||
| Q3 25 | $884.1M | $95.0M | ||
| Q2 25 | $783.9M | $335.4M | ||
| Q1 25 | $562.6M | $259.4M | ||
| Q4 24 | $612.7M | $156.6M | ||
| Q3 24 | $622.6M | $126.2M | ||
| Q2 24 | $657.3M | $101.2M | ||
| Q1 24 | $2.5B | $102.2M |
总债务AGCONI
| Q4 25 | $2.4B | $15.5B | ||
| Q3 25 | $2.7B | $14.5B | ||
| Q2 25 | $2.8B | $14.5B | ||
| Q1 25 | $2.8B | $12.8B | ||
| Q4 24 | $2.6B | $12.1B | ||
| Q3 24 | $4.0B | $12.1B | ||
| Q2 24 | $3.9B | $12.8B | ||
| Q1 24 | $3.7B | $11.7B |
股东权益AGCONI
| Q4 25 | $4.3B | $9.5B | ||
| Q3 25 | $4.5B | $9.1B | ||
| Q2 25 | $4.2B | $8.9B | ||
| Q1 25 | $3.8B | $8.9B | ||
| Q4 24 | $3.7B | $8.7B | ||
| Q3 24 | $4.1B | $8.3B | ||
| Q2 24 | $4.1B | $7.9B | ||
| Q1 24 | $4.8B | $7.9B |
总资产AGCONI
| Q4 25 | $11.9B | $35.9B | ||
| Q3 25 | $12.5B | $34.4B | ||
| Q2 25 | $12.3B | $34.0B | ||
| Q1 25 | $11.5B | $33.1B | ||
| Q4 24 | $11.2B | $31.8B | ||
| Q3 24 | $13.5B | $30.8B | ||
| Q2 24 | $13.6B | $29.9B | ||
| Q1 24 | $13.5B | $29.3B |
负债/权益比AGCONI
| Q4 25 | 0.56× | 1.64× | ||
| Q3 25 | 0.61× | 1.59× | ||
| Q2 25 | 0.68× | 1.63× | ||
| Q1 25 | 0.74× | 1.44× | ||
| Q4 24 | 0.68× | 1.39× | ||
| Q3 24 | 0.95× | 1.45× | ||
| Q2 24 | 0.95× | 1.63× | ||
| Q1 24 | 0.78× | 1.48× |
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 | $712.6M |
| 自由现金流经营现金流 - 资本支出 | $675.0M | $-133.7M |
| 自由现金流率自由现金流/营收 | 23.1% | -7.1% |
| 资本支出强度资本支出/营收 | 3.0% | 44.9% |
| 现金转化率经营现金流/净利润 | 8.00× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $740.2M | $-420.0M |
8季度趋势，按日历期对齐
经营现金流AGCONI
| Q4 25 | $763.6M | $712.6M | ||
| Q3 25 | $71.0M | $467.9M | ||
| Q2 25 | $365.7M | $495.4M | ||
| Q1 25 | $-212.2M | $686.4M | ||
| Q4 24 | $797.9M | $539.8M | ||
| Q3 24 | $26.5M | $340.0M | ||
| Q2 24 | $235.5M | $445.5M | ||
| Q1 24 | $-370.0M | $456.2M |
自由现金流AGCONI
| Q4 25 | $675.0M | $-133.7M | ||
| Q3 25 | $2.1M | $-172.6M | ||
| Q2 25 | $323.5M | $-162.8M | ||
| Q1 25 | $-260.4M | $49.1M | ||
| Q4 24 | $683.9M | $-220.2M | ||
| Q3 24 | $-59.8M | $-294.7M | ||
| Q2 24 | $137.5M | $-184.3M | ||
| Q1 24 | $-465.0M | $-133.3M |
自由现金流率AGCONI
| Q4 25 | 23.1% | -7.1% | ||
| Q3 25 | 0.1% | -13.9% | ||
| Q2 25 | 12.3% | -13.1% | ||
| Q1 25 | -12.7% | 2.3% | ||
| Q4 24 | 23.7% | -14.3% | ||
| Q3 24 | -2.3% | -28.2% | ||
| Q2 24 | 4.2% | -17.5% | ||
| Q1 24 | -15.9% | -8.1% |
资本支出强度AGCONI
| Q4 25 | 3.0% | 44.9% | ||
| Q3 25 | 2.8% | 51.6% | ||
| Q2 25 | 1.6% | 52.8% | ||
| Q1 25 | 2.4% | 29.6% | ||
| Q4 24 | 3.9% | 49.4% | ||
| Q3 24 | 3.3% | 60.7% | ||
| Q2 24 | 3.0% | 59.7% | ||
| Q1 24 | 3.2% | 35.9% |
现金转化率AGCONI
| Q4 25 | 8.00× | 2.76× | ||
| Q3 25 | 0.23× | 4.94× | ||
| Q2 25 | 1.16× | 4.85× | ||
| Q1 25 | -20.21× | 1.45× | ||
| Q4 24 | — | 2.41× | ||
| Q3 24 | 0.88× | 3.97× | ||
| Q2 24 | — | 5.19× | ||
| Q1 24 | -2.20× | 1.25× |
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
NI
| Residential | $703.6M | 37% |
| Ni Source Electric Generation And Power Delivery | $525.6M | 28% |
| NIPSCO Gas Distribution | $348.1M | 18% |
| Commercial | $235.9M | 13% |
| Industrial | $45.9M | 2% |
| Offsystem | $16.9M | 1% |
| Misc. | $9.6M | 1% |
| Related Party | $3.3M | 0% |
