vs
Andersons, Inc.（ANDE）与ASSOCIATED BANC-CORP（ASB）财务数据对比。点击上方公司名可切换其他公司
ASSOCIATED BANC-CORP的季度营收约是Andersons, Inc.的1.2倍（$383.0M vs $329.5M），ASSOCIATED BANC-CORP净利率更高（31.2% vs 20.5%，领先10.8%），过去两年ASSOCIATED BANC-CORP的营收复合增速更高（9.1% vs -1.8%）
安德森公司（The Andersons, Inc.）是1947年成立的美国农业企业，总部位于俄亥俄州莫米。公司起源于1940年代服务粮食行业的安德森货运站，是深耕农业领域的多元化企业，业务覆盖大宗商品贸易、可再生能源以及植物营养板块。
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
ANDE vs ASB — 直观对比
营收规模更大
ASB
是对方的1.2倍
$329.5M
净利率更高
ASB
高出10.8%
20.5%
两年增速更快
ASB
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $383.0M |
| 净利润 | $67.4M | $119.6M |
| 毛利率 | 70.3% | — |
| 营业利润率 | 26.6% | — |
| 净利率 | 20.5% | 31.2% |
| 营收同比 | -2.4% | — |
| 净利润同比 | 49.6% | 566.6% |
| 每股收益（稀释后） | — | $0.70 |
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ANDEASB
| Q1 26 | — | $383.0M | ||
| Q4 25 | $329.5M | $310.0M | ||
| Q3 25 | $295.8M | $305.2M | ||
| Q2 25 | $535.0M | $300.0M | ||
| Q1 25 | $370.8M | $285.9M | ||
| Q4 24 | $337.5M | $270.3M | ||
| Q3 24 | $231.9M | $329.7M | ||
| Q2 24 | $492.5M | $321.8M |
净利润ANDEASB
| Q1 26 | — | $119.6M | ||
| Q4 25 | $67.4M | $137.1M | ||
| Q3 25 | $20.1M | $124.7M | ||
| Q2 25 | $7.9M | $111.2M | ||
| Q1 25 | $284.0K | $101.7M | ||
| Q4 24 | $45.1M | $-161.6M | ||
| Q3 24 | $27.4M | $88.0M | ||
| Q2 24 | $36.0M | $115.6M |
毛利率ANDEASB
| Q1 26 | — | — | ||
| Q4 25 | 70.3% | — | ||
| Q3 25 | 57.8% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | 41.2% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 76.4% | — | ||
| Q2 24 | 35.6% | — |
营业利润率ANDEASB
| Q1 26 | — | — | ||
| Q4 25 | 26.6% | 52.6% | ||
| Q3 25 | 8.7% | 50.5% | ||
| Q2 25 | 4.6% | 46.5% | ||
| Q1 25 | 0.9% | 42.3% | ||
| Q4 24 | 19.9% | -65.8% | ||
| Q3 24 | 26.8% | 32.8% | ||
| Q2 24 | 11.6% | 32.0% |
净利率ANDEASB
| Q1 26 | — | 31.2% | ||
| Q4 25 | 20.5% | 44.2% | ||
| Q3 25 | 6.8% | 40.9% | ||
| Q2 25 | 1.5% | 37.1% | ||
| Q1 25 | 0.1% | 35.6% | ||
| Q4 24 | 13.4% | -59.8% | ||
| Q3 24 | 11.8% | 26.7% | ||
| Q2 24 | 7.3% | 35.9% |
每股收益（稀释后）ANDEASB
| Q1 26 | — | $0.70 | ||
| Q4 25 | — | $0.80 | ||
| Q3 25 | $0.59 | $0.73 | ||
| Q2 25 | $0.23 | $0.65 | ||
| Q1 25 | $0.01 | $0.59 | ||
| Q4 24 | $1.31 | $-1.10 | ||
| Q3 24 | $0.80 | $0.56 | ||
| Q2 24 | $1.05 | $0.74 |
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 | $98.3M | — |
| 总债务越低越好 | $560.0M | — |
| 股东权益账面价值 | $1.2B | $5.0B |
| 总资产 | $3.7B | $45.6B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资ANDEASB
| Q1 26 | — | — | ||
| Q4 25 | $98.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $561.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务ANDEASB
| Q1 26 | — | — | ||
| Q4 25 | $560.0M | $1.0B | ||
| Q3 25 | — | $594.1M | ||
| Q2 25 | — | $593.5M | ||
| Q1 25 | — | $591.4M | ||
| Q4 24 | $608.2M | $1.4B | ||
| Q3 24 | — | $844.3M | ||
| Q2 24 | — | $536.1M |
股东权益ANDEASB
| Q1 26 | — | $5.0B | ||
| Q4 25 | $1.2B | $5.0B | ||
| Q3 25 | $1.2B | $4.9B | ||
| Q2 25 | $1.4B | $4.8B | ||
| Q1 25 | $1.4B | $4.7B | ||
| Q4 24 | $1.4B | $4.6B | ||
| Q3 24 | $1.3B | $4.4B | ||
| Q2 24 | $1.3B | $4.2B |
总资产ANDEASB
| Q1 26 | — | $45.6B | ||
| Q4 25 | $3.7B | $45.2B | ||
| Q3 25 | $3.3B | $44.5B | ||
| Q2 25 | $3.4B | $44.0B | ||
| Q1 25 | $3.8B | $43.3B | ||
| Q4 24 | $4.1B | $43.0B | ||
| Q3 24 | $3.4B | $42.2B | ||
| Q2 24 | $3.3B | $41.6B |
负债/权益比ANDEASB
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 0.20× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 0.45× | 0.31× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.13× |
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 | $-6.2M | — |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | — |
| 自由现金流率自由现金流/营收 | -23.4% | — |
| 资本支出强度资本支出/营收 | 21.5% | — |
| 现金转化率经营现金流/净利润 | -0.09× | — |
| 过去12个月自由现金流最近4个季度 | $-56.1M | — |
8季度趋势，按日历期对齐
经营现金流ANDEASB
| Q1 26 | — | — | ||
| Q4 25 | $-6.2M | $218.1M | ||
| Q3 25 | $233.9M | $158.0M | ||
| Q2 25 | $299.3M | $141.5M | ||
| Q1 25 | $-350.0M | $98.2M | ||
| Q4 24 | $268.8M | $207.1M | ||
| Q3 24 | $-2.1M | $105.1M | ||
| Q2 24 | $304.4M | $113.5M |
自由现金流ANDEASB
| Q1 26 | — | — | ||
| Q4 25 | $-77.1M | — | ||
| Q3 25 | $167.0M | — | ||
| Q2 25 | $250.5M | — | ||
| Q1 25 | $-396.6M | — | ||
| Q4 24 | $212.9M | — | ||
| Q3 24 | $-40.0M | — | ||
| Q2 24 | $275.8M | — |
自由现金流率ANDEASB
| Q1 26 | — | — | ||
| Q4 25 | -23.4% | — | ||
| Q3 25 | 56.5% | — | ||
| Q2 25 | 46.8% | — | ||
| Q1 25 | -106.9% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | -17.2% | — | ||
| Q2 24 | 56.0% | — |
资本支出强度ANDEASB
| Q1 26 | — | — | ||
| Q4 25 | 21.5% | — | ||
| Q3 25 | 22.6% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 5.8% | — |
现金转化率ANDEASB
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | 1.59× | ||
| Q3 25 | 11.61× | 1.27× | ||
| Q2 25 | 38.10× | 1.27× | ||
| Q1 25 | -1232.46× | 0.97× | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | 1.19× | ||
| Q2 24 | 8.46× | 0.98× |
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
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
