vs
Andersons, Inc.（ANDE）与CHS INC（CHSCP）财务数据对比。点击上方公司名可切换其他公司
CHS INC的季度营收约是Andersons, Inc.的26.9倍（$8.9B vs $329.5M）。Andersons, Inc.净利率更高（20.5% vs 2.9%，领先17.5%）。Andersons, Inc.同比增速更快（-2.4% vs -4.6%）。Andersons, Inc.自由现金流更多（$-77.1M vs $-453.8M）。过去两年CHS INC的营收复合增速更高（-1.2% 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。
CHS Inc是美国顶尖农业合作社企业，跻身财富世界500强，总部位于明尼苏达州因弗格罗夫海茨，由美国本土农业合作社、农牧从业者及优先股股东共同所有。公司业务覆盖食品加工批发、农资供应、金融服务、零售等多个领域，在北美中西部共19个州分销Cenex品牌燃料，是北美大型连锁便利店运营商之一，同时合资持股植物油生产商文图拉食品。
ANDE vs CHSCP — 直观对比
营收规模更大
CHSCP
是对方的26.9倍
$329.5M
营收增速更快
ANDE
高出2.3%
-4.6%
净利率更高
ANDE
高出17.5%
2.9%
自由现金流更多
ANDE
多$376.7M
$-453.8M
两年增速更快
CHSCP
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $8.9B |
| 净利润 | $67.4M | $260.5M |
| 毛利率 | 70.3% | 4.4% |
| 营业利润率 | 26.6% | 1.4% |
| 净利率 | 20.5% | 2.9% |
| 营收同比 | -2.4% | -4.6% |
| 净利润同比 | 49.6% | 6.4% |
| 每股收益（稀释后） | — | — |
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ANDECHSCP
| Q4 25 | $329.5M | $8.9B | ||
| Q3 25 | $295.8M | $13.2B | ||
| Q2 25 | $535.0M | $9.8B | ||
| Q1 25 | $370.8M | $3.2B | ||
| Q4 24 | $337.5M | $9.3B | ||
| Q3 24 | $231.9M | $9.2B | ||
| Q2 24 | $492.5M | $9.6B | ||
| Q1 24 | $341.4M | $9.1B |
净利润ANDECHSCP
| Q4 25 | $67.4M | $260.5M | ||
| Q3 25 | $20.1M | $196.7M | ||
| Q2 25 | $7.9M | $232.2M | ||
| Q1 25 | $284.0K | $-75.8M | ||
| Q4 24 | $45.1M | $244.8M | ||
| Q3 24 | $27.4M | $111.8M | ||
| Q2 24 | $36.0M | $297.3M | ||
| Q1 24 | $5.6M | $170.3M |
毛利率ANDECHSCP
| Q4 25 | 70.3% | 4.4% | ||
| Q3 25 | 57.8% | 2.5% | ||
| Q2 25 | 29.6% | 3.4% | ||
| Q1 25 | 41.2% | 2.4% | ||
| Q4 24 | 63.1% | 4.3% | ||
| Q3 24 | 76.4% | 3.0% | ||
| Q2 24 | 35.6% | 4.9% | ||
| Q1 24 | 37.6% | 4.0% |
营业利润率ANDECHSCP
| Q4 25 | 26.6% | 1.4% | ||
| Q3 25 | 8.7% | 0.4% | ||
| Q2 25 | 4.6% | 0.7% | ||
| Q1 25 | 0.9% | -5.4% | ||
| Q4 24 | 19.9% | 1.5% | ||
| Q3 24 | 26.8% | -0.3% | ||
| Q2 24 | 11.6% | 1.6% | ||
| Q1 24 | 4.1% | 0.7% |
净利率ANDECHSCP
| Q4 25 | 20.5% | 2.9% | ||
| Q3 25 | 6.8% | 1.5% | ||
| Q2 25 | 1.5% | 2.4% | ||
| Q1 25 | 0.1% | -2.4% | ||
| Q4 24 | 13.4% | 2.6% | ||
| Q3 24 | 11.8% | 1.2% | ||
| Q2 24 | 7.3% | 3.1% | ||
| Q1 24 | 1.6% | 1.9% |
每股收益（稀释后）ANDECHSCP
| Q4 25 | — | — | ||
| Q3 25 | $0.59 | — | ||
| Q2 25 | $0.23 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $1.31 | — | ||
| Q3 24 | $0.80 | — | ||
| Q2 24 | $1.05 | — | ||
| Q1 24 | $0.16 | — |
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 | $374.7M |
| 总债务越低越好 | $560.0M | $1.7B |
| 股东权益账面价值 | $1.2B | $11.2B |
| 总资产 | $3.7B | $20.7B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资ANDECHSCP
| Q4 25 | $98.3M | $374.7M | ||
| Q3 25 | — | $327.8M | ||
| Q2 25 | — | $323.9M | ||
| Q1 25 | — | $433.3M | ||
| Q4 24 | $561.8M | $795.6M | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $310.1M | ||
| Q1 24 | — | $633.3M |
总债务ANDECHSCP
| Q4 25 | $560.0M | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $608.2M | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
股东权益ANDECHSCP
| Q4 25 | $1.2B | $11.2B | ||
| Q3 25 | $1.2B | $11.1B | ||
| Q2 25 | $1.4B | $10.8B | ||
| Q1 25 | $1.4B | $10.7B | ||
| Q4 24 | $1.4B | $10.8B | ||
| Q3 24 | $1.3B | $10.8B | ||
| Q2 24 | $1.3B | $10.9B | ||
| Q1 24 | $1.3B | $10.8B |
总资产ANDECHSCP
| Q4 25 | $3.7B | $20.7B | ||
| Q3 25 | $3.3B | $18.9B | ||
| Q2 25 | $3.4B | $19.7B | ||
| Q1 25 | $3.8B | $20.1B | ||
| Q4 24 | $4.1B | $19.6B | ||
| Q3 24 | $3.4B | $18.7B | ||
| Q2 24 | $3.3B | $18.5B | ||
| Q1 24 | $3.3B | $19.2B |
负债/权益比ANDECHSCP
| Q4 25 | 0.45× | 0.16× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | 0.45× | 0.17× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.16× |
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 | $-337.8M |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | $-453.8M |
| 自由现金流率自由现金流/营收 | -23.4% | -5.1% |
| 资本支出强度资本支出/营收 | 21.5% | 1.3% |
| 现金转化率经营现金流/净利润 | -0.09× | -1.30× |
| 过去12个月自由现金流最近4个季度 | $-56.1M | $-60.0M |
8季度趋势，按日历期对齐
经营现金流ANDECHSCP
| Q4 25 | $-6.2M | $-337.8M | ||
| Q3 25 | $233.9M | $1.3B | ||
| Q2 25 | $299.3M | $696.6M | ||
| Q1 25 | $-350.0M | $-1.0B | ||
| Q4 24 | $268.8M | $-294.0M | ||
| Q3 24 | $-2.1M | $1.1B | ||
| Q2 24 | $304.4M | $556.9M | ||
| Q1 24 | $-239.6M | $-249.6M |
自由现金流ANDECHSCP
| Q4 25 | $-77.1M | $-453.8M | ||
| Q3 25 | $167.0M | $1.1B | ||
| Q2 25 | $250.5M | $520.6M | ||
| Q1 25 | $-396.6M | $-1.2B | ||
| Q4 24 | $212.9M | $-486.6M | ||
| Q3 24 | $-40.0M | $845.8M | ||
| Q2 24 | $275.8M | $361.6M | ||
| Q1 24 | $-266.4M | $-453.3M |
自由现金流率ANDECHSCP
| Q4 25 | -23.4% | -5.1% | ||
| Q3 25 | 56.5% | 8.1% | ||
| Q2 25 | 46.8% | 5.3% | ||
| Q1 25 | -106.9% | -38.1% | ||
| Q4 24 | 63.1% | -5.2% | ||
| Q3 24 | -17.2% | 9.2% | ||
| Q2 24 | 56.0% | 3.8% | ||
| Q1 24 | -78.0% | -5.0% |
资本支出强度ANDECHSCP
| Q4 25 | 21.5% | 1.3% | ||
| Q3 25 | 22.6% | 1.5% | ||
| Q2 25 | 9.1% | 1.8% | ||
| Q1 25 | 12.6% | 5.2% | ||
| Q4 24 | 16.6% | 2.1% | ||
| Q3 24 | 16.3% | 2.9% | ||
| Q2 24 | 5.8% | 2.0% | ||
| Q1 24 | 7.8% | 2.2% |
现金转化率ANDECHSCP
| Q4 25 | -0.09× | -1.30× | ||
| Q3 25 | 11.61× | 6.46× | ||
| Q2 25 | 38.10× | 3.00× | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | -1.20× | ||
| Q3 24 | -0.08× | 9.96× | ||
| Q2 24 | 8.46× | 1.87× | ||
| Q1 24 | -42.94× | -1.47× |
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% |
CHSCP
| Grains | $5.2B | 59% |
| Agronomy | $1.2B | 14% |
| CF Nitrogen LLC | $1.1B | 12% |
| Ventura Foods Llc | $838.2M | 9% |
| Other | $283.9M | 3% |
| ASC Topic815 | $198.7M | 2% |
| West Central Ag Services | $18.0M | 0% |
| Other Guidance | $1.4M | 0% |
