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艾仕得（AXTA）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
史密斯菲尔德食品的季度营收约是艾仕得的3.0倍（$3.8B vs $1.3B），史密斯菲尔德食品净利率更高（6.6% vs 4.8%，领先1.8%），史密斯菲尔德食品同比增速更快（0.8% vs -3.7%），过去两年史密斯菲尔德食品的营收复合增速更高（6.8% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
AXTA vs SFD — 直观对比
营收规模更大
SFD
是对方的3.0倍
$1.3B
营收增速更快
SFD
高出4.5%
-3.7%
净利率更高
SFD
高出1.8%
4.8%
两年增速更快
SFD
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $3.8B |
| 净利润 | $60.0M | $249.0M |
| 毛利率 | 33.4% | 13.4% |
| 营业利润率 | 12.8% | 8.8% |
| 净利率 | 4.8% | 6.6% |
| 营收同比 | -3.7% | 0.8% |
| 净利润同比 | -56.2% | 9.8% |
| 每股收益（稀释后） | $0.28 | — |
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AXTASFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $1.3B | $4.2B | ||
| Q3 25 | $1.3B | $3.7B | ||
| Q2 25 | $1.3B | $3.8B | ||
| Q1 25 | $1.3B | $3.8B | ||
| Q4 24 | $1.3B | $4.0B | ||
| Q3 24 | $1.3B | $3.3B | ||
| Q2 24 | $1.4B | — |
净利润AXTASFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $60.0M | $327.0M | ||
| Q3 25 | $110.0M | $248.0M | ||
| Q2 25 | $109.0M | $188.0M | ||
| Q1 25 | $99.0M | $224.0M | ||
| Q4 24 | $137.0M | $205.0M | ||
| Q3 24 | $101.0M | $291.0M | ||
| Q2 24 | $112.0M | — |
毛利率AXTASFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | 33.4% | 14.2% | ||
| Q3 25 | 34.9% | 12.8% | ||
| Q2 25 | 35.0% | 13.2% | ||
| Q1 25 | 34.3% | 13.5% | ||
| Q4 24 | 34.1% | 13.5% | ||
| Q3 24 | 35.0% | 14.3% | ||
| Q2 24 | 34.0% | — |
营业利润率AXTASFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 12.8% | 9.5% | ||
| Q3 25 | 15.8% | 8.3% | ||
| Q2 25 | 14.8% | 6.9% | ||
| Q1 25 | 13.9% | 8.5% | ||
| Q4 24 | 14.3% | 8.5% | ||
| Q3 24 | 14.6% | 8.5% | ||
| Q2 24 | 15.2% | — |
净利率AXTASFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 4.8% | 7.7% | ||
| Q3 25 | 8.5% | 6.6% | ||
| Q2 25 | 8.4% | 5.0% | ||
| Q1 25 | 7.8% | 5.9% | ||
| Q4 24 | 10.5% | 5.2% | ||
| Q3 24 | 7.7% | 8.7% | ||
| Q2 24 | 8.3% | — |
每股收益（稀释后）AXTASFD
| Q1 26 | — | — | ||
| Q4 25 | $0.28 | $0.83 | ||
| Q3 25 | $0.51 | $0.63 | ||
| Q2 25 | $0.50 | $0.48 | ||
| Q1 25 | $0.45 | $0.57 | ||
| Q4 24 | $0.63 | $0.54 | ||
| Q3 24 | $0.46 | $0.77 | ||
| Q2 24 | $0.51 | — |
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 | $657.0M | $1.4B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.3B | $6.9B |
| 总资产 | $7.6B | $12.0B |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资AXTASFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $657.0M | — | ||
| Q3 25 | $606.0M | — | ||
| Q2 25 | $625.0M | — | ||
| Q1 25 | $575.0M | — | ||
| Q4 24 | $593.0M | — | ||
| Q3 24 | $567.0M | — | ||
| Q2 24 | $840.0M | — |
总债务AXTASFD
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $2.0B | ||
| Q3 25 | $3.4B | $2.0B | ||
| Q2 25 | $3.4B | $2.0B | ||
| Q1 25 | $3.4B | $2.0B | ||
| Q4 24 | $3.4B | $2.0B | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — |
股东权益AXTASFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $2.3B | $6.8B | ||
| Q3 25 | $2.3B | $6.5B | ||
| Q2 25 | $2.3B | $6.3B | ||
| Q1 25 | $2.1B | $6.2B | ||
| Q4 24 | $1.9B | $5.8B | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.8B | — |
总资产AXTASFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $7.6B | $12.2B | ||
| Q3 25 | $7.8B | $11.5B | ||
| Q2 25 | $7.8B | $11.2B | ||
| Q1 25 | $7.4B | $11.1B | ||
| Q4 24 | $7.2B | $11.1B | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $7.3B | — |
负债/权益比AXTASFD
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 0.29× | ||
| Q3 25 | 1.48× | 0.31× | ||
| Q2 25 | 1.50× | 0.32× | ||
| Q1 25 | 1.64× | 0.32× | ||
| Q4 24 | 1.78× | 0.34× | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 2.02× | — |
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 | $344.0M | — |
| 自由现金流经营现金流 - 资本支出 | $286.0M | — |
| 自由现金流率自由现金流/营收 | 22.7% | — |
| 资本支出强度资本支出/营收 | 4.6% | 2.3% |
| 现金转化率经营现金流/净利润 | 5.73× | — |
| 过去12个月自由现金流最近4个季度 | $453.0M | — |
8季度趋势，按日历期对齐
经营现金流AXTASFD
| Q1 26 | — | — | ||
| Q4 25 | $344.0M | $938.0M | ||
| Q3 25 | $137.0M | $13.0M | ||
| Q2 25 | $142.0M | $274.0M | ||
| Q1 25 | $26.0M | $-166.0M | ||
| Q4 24 | $234.0M | — | ||
| Q3 24 | $194.0M | — | ||
| Q2 24 | $114.0M | — |
自由现金流AXTASFD
| Q1 26 | — | — | ||
| Q4 25 | $286.0M | $842.0M | ||
| Q3 25 | $87.0M | $-75.0M | ||
| Q2 25 | $97.0M | $196.0M | ||
| Q1 25 | $-17.0M | $-245.0M | ||
| Q4 24 | $172.0M | — | ||
| Q3 24 | $161.0M | — | ||
| Q2 24 | $91.0M | — |
自由现金流率AXTASFD
| Q1 26 | — | — | ||
| Q4 25 | 22.7% | 19.9% | ||
| Q3 25 | 6.8% | -2.0% | ||
| Q2 25 | 7.4% | 5.2% | ||
| Q1 25 | -1.3% | -6.5% | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 6.7% | — |
资本支出强度AXTASFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 4.6% | 2.3% | ||
| Q3 25 | 3.9% | 2.3% | ||
| Q2 25 | 3.4% | 2.1% | ||
| Q1 25 | 3.4% | 2.1% | ||
| Q4 24 | 4.7% | 2.1% | ||
| Q3 24 | 2.5% | 2.8% | ||
| Q2 24 | 1.7% | — |
现金转化率AXTASFD
| Q1 26 | — | — | ||
| Q4 25 | 5.73× | 2.87× | ||
| Q3 25 | 1.25× | 0.05× | ||
| Q2 25 | 1.30× | 1.46× | ||
| Q1 25 | 0.26× | -0.74× | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 1.02× | — |
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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
SFD
| Packaged Meats | $2.1B | 57% |
| Other | $863.0M | 23% |
| Hog Production | $769.0M | 20% |
| inter-segment sales eliminations | $19.0M | 1% |
