vs
Andersons, Inc.（ANDE）与EAGLE MATERIALS INC（EXP）财务数据对比。点击上方公司名可切换其他公司
EAGLE MATERIALS INC的季度营收约是Andersons, Inc.的1.7倍（$556.0M vs $329.5M），Andersons, Inc.净利率更高（20.5% vs 18.5%，领先2.0%），EAGLE MATERIALS INC同比增速更快（-0.4% vs -2.4%），EAGLE MATERIALS INC自由现金流更多（$60.8M vs $-77.1M），过去两年EAGLE MATERIALS INC的营收复合增速更高（8.0% 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。
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
ANDE vs EXP — 直观对比
营收规模更大
EXP
是对方的1.7倍
$329.5M
营收增速更快
EXP
高出2.0%
-2.4%
净利率更高
ANDE
高出2.0%
18.5%
自由现金流更多
EXP
多$137.9M
$-77.1M
两年增速更快
EXP
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $556.0M |
| 净利润 | $67.4M | $102.9M |
| 毛利率 | 70.3% | 28.9% |
| 营业利润率 | 26.6% | — |
| 净利率 | 20.5% | 18.5% |
| 营收同比 | -2.4% | -0.4% |
| 净利润同比 | 49.6% | -13.9% |
| 每股收益（稀释后） | — | $3.22 |
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ANDEEXP
| Q4 25 | $329.5M | $556.0M | ||
| Q3 25 | $295.8M | $638.9M | ||
| Q2 25 | $535.0M | $634.7M | ||
| Q1 25 | $370.8M | $470.2M | ||
| Q4 24 | $337.5M | $558.0M | ||
| Q3 24 | $231.9M | $623.6M | ||
| Q2 24 | $492.5M | $608.7M | ||
| Q1 24 | $341.4M | $476.7M |
净利润ANDEEXP
| Q4 25 | $67.4M | $102.9M | ||
| Q3 25 | $20.1M | $137.4M | ||
| Q2 25 | $7.9M | $123.4M | ||
| Q1 25 | $284.0K | $66.5M | ||
| Q4 24 | $45.1M | $119.6M | ||
| Q3 24 | $27.4M | $143.5M | ||
| Q2 24 | $36.0M | $133.8M | ||
| Q1 24 | $5.6M | $77.1M |
毛利率ANDEEXP
| Q4 25 | 70.3% | 28.9% | ||
| Q3 25 | 57.8% | 31.3% | ||
| Q2 25 | 29.6% | 29.2% | ||
| Q1 25 | 41.2% | 22.2% | ||
| Q4 24 | 63.1% | 31.9% | ||
| Q3 24 | 76.4% | 32.7% | ||
| Q2 24 | 35.6% | 30.7% | ||
| Q1 24 | 37.6% | 25.1% |
营业利润率ANDEEXP
| Q4 25 | 26.6% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 19.9% | 32.8% | ||
| Q3 24 | 26.8% | 34.2% | ||
| Q2 24 | 11.6% | 32.0% | ||
| Q1 24 | 4.1% | 26.9% |
净利率ANDEEXP
| Q4 25 | 20.5% | 18.5% | ||
| Q3 25 | 6.8% | 21.5% | ||
| Q2 25 | 1.5% | 19.4% | ||
| Q1 25 | 0.1% | 14.1% | ||
| Q4 24 | 13.4% | 21.4% | ||
| Q3 24 | 11.8% | 23.0% | ||
| Q2 24 | 7.3% | 22.0% | ||
| Q1 24 | 1.6% | 16.2% |
每股收益（稀释后）ANDEEXP
| Q4 25 | — | $3.22 | ||
| Q3 25 | $0.59 | $4.23 | ||
| Q2 25 | $0.23 | $3.76 | ||
| Q1 25 | $0.01 | $2.01 | ||
| Q4 24 | $1.31 | $3.56 | ||
| Q3 24 | $0.80 | $4.26 | ||
| Q2 24 | $1.05 | $3.94 | ||
| Q1 24 | $0.16 | $2.23 |
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 | $419.0M |
| 总债务越低越好 | $560.0M | — |
| 股东权益账面价值 | $1.2B | $1.5B |
| 总资产 | $3.7B | $3.8B |
| 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ANDEEXP
| Q4 25 | $98.3M | $419.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $59.7M | ||
| Q1 25 | — | $20.4M | ||
| Q4 24 | $561.8M | $31.2M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $46.5M | ||
| Q1 24 | — | $34.9M |
总债务ANDEEXP
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.1B |
股东权益ANDEEXP
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.3B | $1.3B |
总资产ANDEEXP
| Q4 25 | $3.7B | $3.8B | ||
| Q3 25 | $3.3B | $3.4B | ||
| Q2 25 | $3.4B | $3.4B | ||
| Q1 25 | $3.8B | $3.3B | ||
| Q4 24 | $4.1B | $3.0B | ||
| Q3 24 | $3.4B | $3.1B | ||
| Q2 24 | $3.3B | $3.0B | ||
| Q1 24 | $3.3B | $2.9B |
负债/权益比ANDEEXP
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.84× |
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 | $170.8M |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | $60.8M |
| 自由现金流率自由现金流/营收 | -23.4% | 10.9% |
| 资本支出强度资本支出/营收 | 21.5% | 19.8% |
| 现金转化率经营现金流/净利润 | -0.09× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $-56.1M | $231.8M |
8季度趋势，按日历期对齐
经营现金流ANDEEXP
| Q4 25 | $-6.2M | $170.8M | ||
| Q3 25 | $233.9M | $204.6M | ||
| Q2 25 | $299.3M | $136.6M | ||
| Q1 25 | $-350.0M | $62.8M | ||
| Q4 24 | $268.8M | $119.9M | ||
| Q3 24 | $-2.1M | $233.3M | ||
| Q2 24 | $304.4M | $132.6M | ||
| Q1 24 | $-239.6M | $63.4M |
自由现金流ANDEEXP
| Q4 25 | $-77.1M | $60.8M | ||
| Q3 25 | $167.0M | $96.1M | ||
| Q2 25 | $250.5M | $60.5M | ||
| Q1 25 | $-396.6M | $14.5M | ||
| Q4 24 | $212.9M | $72.5M | ||
| Q3 24 | $-40.0M | $166.8M | ||
| Q2 24 | $275.8M | $99.5M | ||
| Q1 24 | $-266.4M | $30.9M |
自由现金流率ANDEEXP
| Q4 25 | -23.4% | 10.9% | ||
| Q3 25 | 56.5% | 15.0% | ||
| Q2 25 | 46.8% | 9.5% | ||
| Q1 25 | -106.9% | 3.1% | ||
| Q4 24 | 63.1% | 13.0% | ||
| Q3 24 | -17.2% | 26.7% | ||
| Q2 24 | 56.0% | 16.3% | ||
| Q1 24 | -78.0% | 6.5% |
资本支出强度ANDEEXP
| Q4 25 | 21.5% | 19.8% | ||
| Q3 25 | 22.6% | 17.0% | ||
| Q2 25 | 9.1% | 12.0% | ||
| Q1 25 | 12.6% | 10.3% | ||
| Q4 24 | 16.6% | 8.5% | ||
| Q3 24 | 16.3% | 10.7% | ||
| Q2 24 | 5.8% | 5.4% | ||
| Q1 24 | 7.8% | 6.8% |
现金转化率ANDEEXP
| Q4 25 | -0.09× | 1.66× | ||
| Q3 25 | 11.61× | 1.49× | ||
| Q2 25 | 38.10× | 1.11× | ||
| Q1 25 | -1232.46× | 0.94× | ||
| Q4 24 | 5.96× | 1.00× | ||
| Q3 24 | -0.08× | 1.63× | ||
| Q2 24 | 8.46× | 0.99× | ||
| Q1 24 | -42.94× | 0.82× |
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% |
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
