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爱科（AGCO）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
史密斯菲尔德食品的季度营收约是爱科的1.3倍（$3.8B vs $2.9B），史密斯菲尔德食品净利率更高（6.6% vs 3.3%，领先3.3%），爱科同比增速更快（1.1% vs 0.8%），过去两年史密斯菲尔德食品的营收复合增速更高（5.5% 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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
AGCO vs SFD — 直观对比
营收规模更大
SFD
是对方的1.3倍
$2.9B
营收增速更快
AGCO
高出0.4%
0.8%
净利率更高
SFD
高出3.3%
3.3%
两年增速更快
SFD
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $3.8B |
| 净利润 | $95.5M | $249.0M |
| 毛利率 | 25.4% | 13.4% |
| 营业利润率 | 7.9% | 8.8% |
| 净利率 | 3.3% | 6.6% |
| 营收同比 | 1.1% | 0.8% |
| 净利润同比 | 137.3% | 9.7% |
| 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AGCOSFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.9B | $4.2B | ||
| Q3 25 | $2.5B | $3.7B | ||
| Q2 25 | $2.6B | $3.8B | ||
| Q1 25 | $2.1B | $3.8B | ||
| Q4 24 | $2.9B | $4.0B | ||
| Q3 24 | $2.6B | $3.3B | ||
| Q2 24 | $3.2B | $3.4B |
净利润AGCOSFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $95.5M | $327.0M | ||
| Q3 25 | $305.7M | $248.0M | ||
| Q2 25 | $314.8M | $188.0M | ||
| Q1 25 | $10.5M | $224.0M | ||
| Q4 24 | $-255.7M | $205.0M | ||
| Q3 24 | $30.0M | $291.0M | ||
| Q2 24 | $-367.1M | $301.0M |
毛利率AGCOSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | 25.4% | 14.2% | ||
| Q3 25 | 26.1% | 12.8% | ||
| Q2 25 | 25.0% | 13.2% | ||
| Q1 25 | 25.4% | 13.5% | ||
| Q4 24 | 23.9% | 13.5% | ||
| Q3 24 | 23.2% | 14.3% | ||
| Q2 24 | 25.8% | 15.4% |
营业利润率AGCOSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 7.9% | 9.5% | ||
| Q3 25 | 6.1% | 8.3% | ||
| Q2 25 | 6.2% | 6.9% | ||
| Q1 25 | 2.4% | 8.5% | ||
| Q4 24 | -9.3% | 8.5% | ||
| Q3 24 | 4.4% | 8.5% | ||
| Q2 24 | -7.4% | 9.8% |
净利率AGCOSFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 3.3% | 7.7% | ||
| Q3 25 | 12.3% | 6.6% | ||
| Q2 25 | 11.9% | 5.0% | ||
| Q1 25 | 0.5% | 5.9% | ||
| Q4 24 | -8.9% | 5.2% | ||
| Q3 24 | 1.2% | 8.7% | ||
| Q2 24 | -11.3% | 8.8% |
每股收益（稀释后）AGCOSFD
| Q1 26 | — | — | ||
| Q4 25 | $1.30 | $0.83 | ||
| Q3 25 | $4.09 | $0.63 | ||
| Q2 25 | $4.22 | $0.48 | ||
| Q1 25 | $0.14 | $0.57 | ||
| Q4 24 | $-3.42 | $0.54 | ||
| Q3 24 | $0.40 | $0.77 | ||
| Q2 24 | $-4.92 | $0.79 |
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 | $1.4B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.3B | $6.9B |
| 总资产 | $11.9B | $12.0B |
| 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AGCOSFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $861.8M | — | ||
| Q3 25 | $884.1M | — | ||
| Q2 25 | $783.9M | — | ||
| Q1 25 | $562.6M | — | ||
| Q4 24 | $612.7M | — | ||
| Q3 24 | $622.6M | — | ||
| Q2 24 | $657.3M | — |
总债务AGCOSFD
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $2.0B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.8B | $2.0B | ||
| Q1 25 | $2.8B | $2.0B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $3.9B | — |
股东权益AGCOSFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $4.3B | $6.8B | ||
| Q3 25 | $4.5B | $6.5B | ||
| Q2 25 | $4.2B | $6.3B | ||
| Q1 25 | $3.8B | $6.2B | ||
| Q4 24 | $3.7B | $5.8B | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — |
总资产AGCOSFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $11.9B | $12.2B | ||
| Q3 25 | $12.5B | $11.5B | ||
| Q2 25 | $12.3B | $11.2B | ||
| Q1 25 | $11.5B | $11.1B | ||
| Q4 24 | $11.2B | $11.1B | ||
| Q3 24 | $13.5B | — | ||
| Q2 24 | $13.6B | — |
负债/权益比AGCOSFD
| Q1 26 | — | — | ||
| Q4 25 | 0.56× | 0.29× | ||
| Q3 25 | 0.61× | 0.31× | ||
| Q2 25 | 0.68× | 0.32× | ||
| Q1 25 | 0.74× | 0.32× | ||
| Q4 24 | 0.68× | 0.34× | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 0.95× | — |
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% | 2.3% |
| 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AGCOSFD
| Q1 26 | — | — | ||
| Q4 25 | $763.6M | $938.0M | ||
| Q3 25 | $71.0M | $13.0M | ||
| Q2 25 | $365.7M | $274.0M | ||
| Q1 25 | $-212.2M | $-166.0M | ||
| Q4 24 | $797.9M | — | ||
| Q3 24 | $26.5M | — | ||
| Q2 24 | $235.5M | — |
自由现金流AGCOSFD
| Q1 26 | — | — | ||
| Q4 25 | $675.0M | $842.0M | ||
| Q3 25 | $2.1M | $-75.0M | ||
| Q2 25 | $323.5M | $196.0M | ||
| Q1 25 | $-260.4M | $-245.0M | ||
| Q4 24 | $683.9M | — | ||
| Q3 24 | $-59.8M | — | ||
| Q2 24 | $137.5M | — |
自由现金流率AGCOSFD
| Q1 26 | — | — | ||
| Q4 25 | 23.1% | 19.9% | ||
| Q3 25 | 0.1% | -2.0% | ||
| Q2 25 | 12.3% | 5.2% | ||
| Q1 25 | -12.7% | -6.5% | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | -2.3% | — | ||
| Q2 24 | 4.2% | — |
资本支出强度AGCOSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 3.0% | 2.3% | ||
| Q3 25 | 2.8% | 2.3% | ||
| Q2 25 | 1.6% | 2.1% | ||
| Q1 25 | 2.4% | 2.1% | ||
| Q4 24 | 3.9% | 2.1% | ||
| Q3 24 | 3.3% | 2.8% | ||
| Q2 24 | 3.0% | 2.3% |
现金转化率AGCOSFD
| Q1 26 | — | — | ||
| Q4 25 | 8.00× | 2.87× | ||
| Q3 25 | 0.23× | 0.05× | ||
| Q2 25 | 1.16× | 1.46× | ||
| Q1 25 | -20.21× | -0.74× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
