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空气化工产品公司（APD）与PILGRIMS PRIDE CORP（PPC）财务数据对比。点击上方公司名可切换其他公司
PILGRIMS PRIDE CORP的季度营收约是空气化工产品公司的1.5倍（$4.5B vs $3.1B），空气化工产品公司净利率更高（21.9% vs 1.9%，领先19.9%），空气化工产品公司同比增速更快（5.8% vs 3.3%），PILGRIMS PRIDE CORP自由现金流更多（$10.0M vs $-350.5M），过去两年空气化工产品公司的营收复合增速更高（2.9% vs 1.8%）
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
APD vs PPC — 直观对比
营收规模更大
PPC
是对方的1.5倍
$3.1B
营收增速更快
APD
高出2.5%
3.3%
净利率更高
APD
高出19.9%
1.9%
自由现金流更多
PPC
多$360.5M
$-350.5M
两年增速更快
APD
近两年复合增速
1.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.5B |
| 净利润 | $678.2M | $88.0M |
| 毛利率 | 32.1% | 9.5% |
| 营业利润率 | 23.7% | 4.5% |
| 净利率 | 21.9% | 1.9% |
| 营收同比 | 5.8% | 3.3% |
| 净利润同比 | 9.8% | -62.7% |
| 每股收益（稀释后） | $3.04 | $0.37 |
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APDPPC
| Q4 25 | $3.1B | $4.5B | ||
| Q3 25 | $3.2B | $4.8B | ||
| Q2 25 | $3.0B | $4.8B | ||
| Q1 25 | $2.9B | $4.5B | ||
| Q4 24 | $2.9B | $4.4B | ||
| Q3 24 | $3.2B | $4.6B | ||
| Q2 24 | $3.0B | $4.6B | ||
| Q1 24 | $2.9B | $4.4B |
净利润APDPPC
| Q4 25 | $678.2M | $88.0M | ||
| Q3 25 | $4.9M | $342.8M | ||
| Q2 25 | $713.8M | $355.5M | ||
| Q1 25 | $-1.7B | $296.0M | ||
| Q4 24 | $617.4M | $235.9M | ||
| Q3 24 | $1.9B | $349.9M | ||
| Q2 24 | $696.6M | $326.3M | ||
| Q1 24 | $572.4M | $174.4M |
毛利率APDPPC
| Q4 25 | 32.1% | 9.5% | ||
| Q3 25 | 32.3% | 13.9% | ||
| Q2 25 | 32.5% | 15.0% | ||
| Q1 25 | 29.6% | 12.4% | ||
| Q4 24 | 31.2% | 12.7% | ||
| Q3 24 | 34.0% | 14.9% | ||
| Q2 24 | 32.8% | 15.2% | ||
| Q1 24 | 32.0% | 8.8% |
营业利润率APDPPC
| Q4 25 | 23.7% | 4.5% | ||
| Q3 25 | 0.5% | 10.4% | ||
| Q2 25 | 26.2% | 10.8% | ||
| Q1 25 | -79.8% | 9.1% | ||
| Q4 24 | 22.0% | 7.0% | ||
| Q3 24 | 76.1% | 11.1% | ||
| Q2 24 | 24.7% | 9.7% | ||
| Q1 24 | 21.7% | 5.7% |
净利率APDPPC
| Q4 25 | 21.9% | 1.9% | ||
| Q3 25 | 0.2% | 7.2% | ||
| Q2 25 | 23.6% | 7.5% | ||
| Q1 25 | -59.3% | 6.6% | ||
| Q4 24 | 21.1% | 5.4% | ||
| Q3 24 | 61.2% | 7.6% | ||
| Q2 24 | 23.3% | 7.2% | ||
| Q1 24 | 19.5% | 4.0% |
每股收益（稀释后）APDPPC
| Q4 25 | $3.04 | $0.37 | ||
| Q3 25 | $0.03 | $1.44 | ||
| Q2 25 | $3.20 | $1.49 | ||
| Q1 25 | $-7.77 | $1.24 | ||
| Q4 24 | $2.77 | $1.00 | ||
| Q3 24 | $8.75 | $1.47 | ||
| Q2 24 | $3.13 | $1.37 | ||
| Q1 24 | $2.57 | $0.73 |
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 | $1.0B | $640.2M |
| 总债务越低越好 | — | $3.1B |
| 股东权益账面价值 | $15.4B | $3.7B |
| 总资产 | $41.2B | $10.3B |
| 负债/权益比越低杠杆越低 | — | 0.84× |
8季度趋势，按日历期对齐
现金及短期投资APDPPC
| Q4 25 | $1.0B | $640.2M | ||
| Q3 25 | $1.9B | $612.6M | ||
| Q2 25 | $2.3B | $849.0M | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $2.0B | $2.0B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.6B | $870.8M |
总债务APDPPC
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.3B |
股东权益APDPPC
| Q4 25 | $15.4B | $3.7B | ||
| Q3 25 | $15.0B | $3.5B | ||
| Q2 25 | $15.5B | $3.7B | ||
| Q1 25 | $14.7B | $3.1B | ||
| Q4 24 | $16.7B | $4.2B | ||
| Q3 24 | $17.0B | $4.2B | ||
| Q2 24 | $15.1B | $3.7B | ||
| Q1 24 | $14.9B | $3.5B |
总资产APDPPC
| Q4 25 | $41.2B | $10.3B | ||
| Q3 25 | $41.1B | $10.0B | ||
| Q2 25 | $41.7B | $10.1B | ||
| Q1 25 | $38.9B | $11.0B | ||
| Q4 24 | $40.0B | $10.7B | ||
| Q3 24 | $39.6B | $10.7B | ||
| Q2 24 | $37.0B | $10.1B | ||
| Q1 24 | $35.9B | $9.8B |
负债/权益比APDPPC
| Q4 25 | — | 0.84× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 0.76× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.96× |
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 | $900.7M | $291.2M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $10.0M |
| 自由现金流率自由现金流/营收 | -11.3% | 0.2% |
| 资本支出强度资本支出/营收 | 40.3% | 6.2% |
| 现金转化率经营现金流/净利润 | 1.33× | 3.31× |
| 过去12个月自由现金流最近4个季度 | — | $653.1M |
8季度趋势，按日历期对齐
经营现金流APDPPC
| Q4 25 | $900.7M | $291.2M | ||
| Q3 25 | — | $458.3M | ||
| Q2 25 | $855.8M | $495.2M | ||
| Q1 25 | $328.1M | $126.9M | ||
| Q4 24 | $811.7M | $349.3M | ||
| Q3 24 | — | $651.1M | ||
| Q2 24 | $1.3B | $718.6M | ||
| Q1 24 | $801.7M | $271.0M |
自由现金流APDPPC
| Q4 25 | $-350.5M | $10.0M | ||
| Q3 25 | — | $275.9M | ||
| Q2 25 | $-640.0M | $339.1M | ||
| Q1 25 | $-1.6B | $28.1M | ||
| Q4 24 | $-1.3B | $176.6M | ||
| Q3 24 | — | $565.3M | ||
| Q2 24 | $-345.2M | $617.7M | ||
| Q1 24 | $-867.7M | $171.9M |
自由现金流率APDPPC
| Q4 25 | -11.3% | 0.2% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | -21.2% | 7.1% | ||
| Q1 25 | -53.6% | 0.6% | ||
| Q4 24 | -44.5% | 4.0% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | -11.6% | 13.5% | ||
| Q1 24 | -29.6% | 3.9% |
资本支出强度APDPPC
| Q4 25 | 40.3% | 6.2% | ||
| Q3 25 | 47.9% | 3.8% | ||
| Q2 25 | 49.5% | 3.3% | ||
| Q1 25 | 64.9% | 2.2% | ||
| Q4 24 | 72.2% | 4.0% | ||
| Q3 24 | 65.1% | 1.9% | ||
| Q2 24 | 53.8% | 2.2% | ||
| Q1 24 | 57.0% | 2.3% |
现金转化率APDPPC
| Q4 25 | 1.33× | 3.31× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | 1.20× | 1.39× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | 1.31× | 1.48× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | 1.81× | 2.20× | ||
| Q1 24 | 1.40× | 1.55× |
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
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
