vs
Andersons, Inc.（ANDE）与SEABOARD CORP（SEB）财务数据对比。点击上方公司名可切换其他公司
SEABOARD CORP的季度营收约是Andersons, Inc.的7.3倍（$2.4B vs $329.5M）。Andersons, Inc.净利率更高（20.5% vs 10.6%，领先9.9%）。Andersons, Inc.同比增速更快（-2.4% vs -2.9%）。SEABOARD CORP自由现金流更多（$53.0M vs $-77.1M）。过去两年SEABOARD CORP的营收复合增速更高（4.9% 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。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
ANDE vs SEB — 直观对比
营收规模更大
SEB
是对方的7.3倍
$329.5M
营收增速更快
ANDE
高出0.5%
-2.9%
净利率更高
ANDE
高出9.9%
10.6%
自由现金流更多
SEB
多$130.1M
$-77.1M
两年增速更快
SEB
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $2.4B |
| 净利润 | $67.4M | $255.0M |
| 毛利率 | 70.3% | 7.9% |
| 营业利润率 | 26.6% | 2.7% |
| 净利率 | 20.5% | 10.6% |
| 营收同比 | -2.4% | -2.9% |
| 净利润同比 | 49.6% | 63.5% |
| 每股收益（稀释后） | — | $262.58 |
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ANDESEB
| Q4 25 | $329.5M | $2.4B | ||
| Q3 25 | $295.8M | $2.5B | ||
| Q2 25 | $535.0M | $2.5B | ||
| Q1 25 | $370.8M | $2.3B | ||
| Q4 24 | $337.5M | $2.5B | ||
| Q3 24 | $231.9M | $2.2B | ||
| Q2 24 | $492.5M | $2.2B | ||
| Q1 24 | $341.4M | $2.2B |
净利润ANDESEB
| Q4 25 | $67.4M | $255.0M | ||
| Q3 25 | $20.1M | $110.0M | ||
| Q2 25 | $7.9M | $104.0M | ||
| Q1 25 | $284.0K | $32.0M | ||
| Q4 24 | $45.1M | $156.0M | ||
| Q3 24 | $27.4M | $-149.0M | ||
| Q2 24 | $36.0M | $61.0M | ||
| Q1 24 | $5.6M | $22.0M |
毛利率ANDESEB
| Q4 25 | 70.3% | 7.9% | ||
| Q3 25 | 57.8% | 7.8% | ||
| Q2 25 | 29.6% | 6.5% | ||
| Q1 25 | 41.2% | 6.1% | ||
| Q4 24 | 63.1% | 9.0% | ||
| Q3 24 | 76.4% | 6.2% | ||
| Q2 24 | 35.6% | 5.8% | ||
| Q1 24 | 37.6% | 4.0% |
营业利润率ANDESEB
| Q4 25 | 26.6% | 2.7% | ||
| Q3 25 | 8.7% | 3.3% | ||
| Q2 25 | 4.6% | 2.1% | ||
| Q1 25 | 0.9% | 1.6% | ||
| Q4 24 | 19.9% | 4.6% | ||
| Q3 24 | 26.8% | 1.4% | ||
| Q2 24 | 11.6% | 1.4% | ||
| Q1 24 | 4.1% | -0.9% |
净利率ANDESEB
| Q4 25 | 20.5% | 10.6% | ||
| Q3 25 | 6.8% | 4.3% | ||
| Q2 25 | 1.5% | 4.2% | ||
| Q1 25 | 0.1% | 1.4% | ||
| Q4 24 | 13.4% | 6.3% | ||
| Q3 24 | 11.8% | -6.7% | ||
| Q2 24 | 7.3% | 2.8% | ||
| Q1 24 | 1.6% | 1.0% |
每股收益（稀释后）ANDESEB
| Q4 25 | — | $262.58 | ||
| Q3 25 | $0.59 | $113.71 | ||
| Q2 25 | $0.23 | $105.22 | ||
| Q1 25 | $0.01 | $32.95 | ||
| Q4 24 | $1.31 | $158.58 | ||
| Q3 24 | $0.80 | $-153.44 | ||
| Q2 24 | $1.05 | $62.82 | ||
| Q1 24 | $0.16 | $22.66 |
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 | $1.2B |
| 总债务越低越好 | $560.0M | — |
| 股东权益账面价值 | $1.2B | $5.2B |
| 总资产 | $3.7B | $8.2B |
| 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ANDESEB
| Q4 25 | $98.3M | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $561.8M | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
总债务ANDESEB
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ANDESEB
| Q4 25 | $1.2B | $5.2B | ||
| Q3 25 | $1.2B | $5.0B | ||
| Q2 25 | $1.4B | $4.8B | ||
| Q1 25 | $1.4B | $4.7B | ||
| Q4 24 | $1.4B | $4.7B | ||
| Q3 24 | $1.3B | $4.5B | ||
| Q2 24 | $1.3B | $4.7B | ||
| Q1 24 | $1.3B | $4.6B |
总资产ANDESEB
| Q4 25 | $3.7B | $8.2B | ||
| Q3 25 | $3.3B | $8.0B | ||
| Q2 25 | $3.4B | $7.9B | ||
| Q1 25 | $3.8B | $7.6B | ||
| Q4 24 | $4.1B | $7.7B | ||
| Q3 24 | $3.4B | $7.5B | ||
| Q2 24 | $3.3B | $7.7B | ||
| Q1 24 | $3.3B | $7.6B |
负债/权益比ANDESEB
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $188.0M |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | $53.0M |
| 自由现金流率自由现金流/营收 | -23.4% | 2.2% |
| 资本支出强度资本支出/营收 | 21.5% | 5.6% |
| 现金转化率经营现金流/净利润 | -0.09× | 0.74× |
| 过去12个月自由现金流最近4个季度 | $-56.1M | $6.0M |
8季度趋势，按日历期对齐
经营现金流ANDESEB
| Q4 25 | $-6.2M | $188.0M | ||
| Q3 25 | $233.9M | $319.0M | ||
| Q2 25 | $299.3M | $81.0M | ||
| Q1 25 | $-350.0M | $-20.0M | ||
| Q4 24 | $268.8M | $300.0M | ||
| Q3 24 | $-2.1M | $194.0M | ||
| Q2 24 | $304.4M | $6.0M | ||
| Q1 24 | $-239.6M | $19.0M |
自由现金流ANDESEB
| Q4 25 | $-77.1M | $53.0M | ||
| Q3 25 | $167.0M | $152.0M | ||
| Q2 25 | $250.5M | $-70.0M | ||
| Q1 25 | $-396.6M | $-129.0M | ||
| Q4 24 | $212.9M | $162.0M | ||
| Q3 24 | $-40.0M | $58.0M | ||
| Q2 24 | $275.8M | $-127.0M | ||
| Q1 24 | $-266.4M | $-85.0M |
自由现金流率ANDESEB
| Q4 25 | -23.4% | 2.2% | ||
| Q3 25 | 56.5% | 6.0% | ||
| Q2 25 | 46.8% | -2.8% | ||
| Q1 25 | -106.9% | -5.6% | ||
| Q4 24 | 63.1% | 6.5% | ||
| Q3 24 | -17.2% | 2.6% | ||
| Q2 24 | 56.0% | -5.7% | ||
| Q1 24 | -78.0% | -3.9% |
资本支出强度ANDESEB
| Q4 25 | 21.5% | 5.6% | ||
| Q3 25 | 22.6% | 6.6% | ||
| Q2 25 | 9.1% | 6.1% | ||
| Q1 25 | 12.6% | 4.7% | ||
| Q4 24 | 16.6% | 5.6% | ||
| Q3 24 | 16.3% | 6.1% | ||
| Q2 24 | 5.8% | 6.0% | ||
| Q1 24 | 7.8% | 4.7% |
现金转化率ANDESEB
| Q4 25 | -0.09× | 0.74× | ||
| Q3 25 | 11.61× | 2.90× | ||
| Q2 25 | 38.10× | 0.78× | ||
| Q1 25 | -1232.46× | -0.63× | ||
| Q4 24 | 5.96× | 1.92× | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | 0.10× | ||
| Q1 24 | -42.94× | 0.86× |
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% |
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
