vs
Andersons, Inc.（ANDE）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
Andersons, Inc.的季度营收约是南玻集团的1.0倍（$329.5M vs $323.1M），Andersons, Inc.净利率更高（20.5% vs 2.2%，领先18.3%），南玻集团同比增速更快（2.0% vs -2.4%），南玻集团自由现金流更多（$55.8M vs $-77.1M），过去两年南玻集团的营收复合增速更高（4.6% 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。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
ANDE vs CSGS — 直观对比
营收规模更大
ANDE
是对方的1.0倍
$323.1M
营收增速更快
CSGS
高出4.4%
-2.4%
净利率更高
ANDE
高出18.3%
2.2%
自由现金流更多
CSGS
多$132.9M
$-77.1M
两年增速更快
CSGS
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $323.1M |
| 净利润 | $67.4M | $7.0M |
| 毛利率 | 70.3% | 50.0% |
| 营业利润率 | 26.6% | 9.0% |
| 净利率 | 20.5% | 2.2% |
| 营收同比 | -2.4% | 2.0% |
| 净利润同比 | 49.6% | -79.7% |
| 每股收益（稀释后） | — | $0.24 |
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ANDECSGS
| Q4 25 | $329.5M | $323.1M | ||
| Q3 25 | $295.8M | $303.6M | ||
| Q2 25 | $535.0M | $297.1M | ||
| Q1 25 | $370.8M | $299.5M | ||
| Q4 24 | $337.5M | $316.7M | ||
| Q3 24 | $231.9M | $295.1M | ||
| Q2 24 | $492.5M | $290.3M | ||
| Q1 24 | $341.4M | $295.1M |
净利润ANDECSGS
| Q4 25 | $67.4M | $7.0M | ||
| Q3 25 | $20.1M | $20.5M | ||
| Q2 25 | $7.9M | $12.3M | ||
| Q1 25 | $284.0K | $16.1M | ||
| Q4 24 | $45.1M | $34.5M | ||
| Q3 24 | $27.4M | $19.1M | ||
| Q2 24 | $36.0M | $13.8M | ||
| Q1 24 | $5.6M | $19.5M |
毛利率ANDECSGS
| Q4 25 | 70.3% | 50.0% | ||
| Q3 25 | 57.8% | 48.1% | ||
| Q2 25 | 29.6% | 49.5% | ||
| Q1 25 | 41.2% | 48.4% | ||
| Q4 24 | 63.1% | 51.3% | ||
| Q3 24 | 76.4% | 49.4% | ||
| Q2 24 | 35.6% | 47.3% | ||
| Q1 24 | 37.6% | 46.5% |
营业利润率ANDECSGS
| Q4 25 | 26.6% | 9.0% | ||
| Q3 25 | 8.7% | 10.0% | ||
| Q2 25 | 4.6% | 10.0% | ||
| Q1 25 | 0.9% | 9.8% | ||
| Q4 24 | 19.9% | 13.4% | ||
| Q3 24 | 26.8% | 10.8% | ||
| Q2 24 | 11.6% | 8.8% | ||
| Q1 24 | 4.1% | 10.8% |
净利率ANDECSGS
| Q4 25 | 20.5% | 2.2% | ||
| Q3 25 | 6.8% | 6.7% | ||
| Q2 25 | 1.5% | 4.1% | ||
| Q1 25 | 0.1% | 5.4% | ||
| Q4 24 | 13.4% | 10.9% | ||
| Q3 24 | 11.8% | 6.5% | ||
| Q2 24 | 7.3% | 4.8% | ||
| Q1 24 | 1.6% | 6.6% |
每股收益（稀释后）ANDECSGS
| Q4 25 | — | $0.24 | ||
| Q3 25 | $0.59 | $0.73 | ||
| Q2 25 | $0.23 | $0.44 | ||
| Q1 25 | $0.01 | $0.57 | ||
| Q4 24 | $1.31 | $1.20 | ||
| Q3 24 | $0.80 | $0.67 | ||
| Q2 24 | $1.05 | $0.48 | ||
| Q1 24 | $0.16 | $0.68 |
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 | $180.0M |
| 总债务越低越好 | $560.0M | $539.5M |
| 股东权益账面价值 | $1.2B | $283.7M |
| 总资产 | $3.7B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.45× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资ANDECSGS
| Q4 25 | $98.3M | $180.0M | ||
| Q3 25 | — | $158.4M | ||
| Q2 25 | — | $145.9M | ||
| Q1 25 | — | $136.0M | ||
| Q4 24 | $561.8M | $161.8M | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $110.4M | ||
| Q1 24 | — | $120.8M |
总债务ANDECSGS
| Q4 25 | $560.0M | $539.5M | ||
| Q3 25 | — | $538.6M | ||
| Q2 25 | — | $537.8M | ||
| Q1 25 | — | $537.6M | ||
| Q4 24 | $608.2M | $538.5M | ||
| Q3 24 | — | $539.5M | ||
| Q2 24 | — | $540.5M | ||
| Q1 24 | — | $541.5M |
股东权益ANDECSGS
| Q4 25 | $1.2B | $283.7M | ||
| Q3 25 | $1.2B | $289.5M | ||
| Q2 25 | $1.4B | $290.7M | ||
| Q1 25 | $1.4B | $283.1M | ||
| Q4 24 | $1.4B | $282.6M | ||
| Q3 24 | $1.3B | $288.4M | ||
| Q2 24 | $1.3B | $273.3M | ||
| Q1 24 | $1.3B | $269.3M |
总资产ANDECSGS
| Q4 25 | $3.7B | $1.5B | ||
| Q3 25 | $3.3B | $1.5B | ||
| Q2 25 | $3.4B | $1.4B | ||
| Q1 25 | $3.8B | $1.4B | ||
| Q4 24 | $4.1B | $1.5B | ||
| Q3 24 | $3.4B | $1.4B | ||
| Q2 24 | $3.3B | $1.4B | ||
| Q1 24 | $3.3B | $1.3B |
负债/权益比ANDECSGS
| Q4 25 | 0.45× | 1.90× | ||
| Q3 25 | — | 1.86× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | 0.45× | 1.91× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 2.01× |
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 | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | $55.8M |
| 自由现金流率自由现金流/营收 | -23.4% | 17.3% |
| 资本支出强度资本支出/营收 | 21.5% | 1.1% |
| 现金转化率经营现金流/净利润 | -0.09× | 8.46× |
| 过去12个月自由现金流最近4个季度 | $-56.1M | $141.4M |
8季度趋势，按日历期对齐
经营现金流ANDECSGS
| Q4 25 | $-6.2M | $59.2M | ||
| Q3 25 | $233.9M | $47.9M | ||
| Q2 25 | $299.3M | $37.3M | ||
| Q1 25 | $-350.0M | $11.5M | ||
| Q4 24 | $268.8M | $82.5M | ||
| Q3 24 | $-2.1M | $39.5M | ||
| Q2 24 | $304.4M | $43.1M | ||
| Q1 24 | $-239.6M | $-29.4M |
自由现金流ANDECSGS
| Q4 25 | $-77.1M | $55.8M | ||
| Q3 25 | $167.0M | $43.9M | ||
| Q2 25 | $250.5M | $34.6M | ||
| Q1 25 | $-396.6M | $7.1M | ||
| Q4 24 | $212.9M | $76.6M | ||
| Q3 24 | $-40.0M | $32.0M | ||
| Q2 24 | $275.8M | $38.8M | ||
| Q1 24 | $-266.4M | $-34.1M |
自由现金流率ANDECSGS
| Q4 25 | -23.4% | 17.3% | ||
| Q3 25 | 56.5% | 14.5% | ||
| Q2 25 | 46.8% | 11.6% | ||
| Q1 25 | -106.9% | 2.4% | ||
| Q4 24 | 63.1% | 24.2% | ||
| Q3 24 | -17.2% | 10.8% | ||
| Q2 24 | 56.0% | 13.4% | ||
| Q1 24 | -78.0% | -11.6% |
资本支出强度ANDECSGS
| Q4 25 | 21.5% | 1.1% | ||
| Q3 25 | 22.6% | 1.3% | ||
| Q2 25 | 9.1% | 0.9% | ||
| Q1 25 | 12.6% | 1.5% | ||
| Q4 24 | 16.6% | 1.9% | ||
| Q3 24 | 16.3% | 2.5% | ||
| Q2 24 | 5.8% | 1.5% | ||
| Q1 24 | 7.8% | 1.6% |
现金转化率ANDECSGS
| Q4 25 | -0.09× | 8.46× | ||
| Q3 25 | 11.61× | 2.34× | ||
| Q2 25 | 38.10× | 3.04× | ||
| Q1 25 | -1232.46× | 0.71× | ||
| Q4 24 | 5.96× | 2.39× | ||
| Q3 24 | -0.08× | 2.07× | ||
| Q2 24 | 8.46× | 3.12× | ||
| Q1 24 | -42.94× | -1.51× |
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% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
