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波尔公司（BALL）与J.M. Smucker Company (The)（SJM）财务数据对比。点击上方公司名可切换其他公司
波尔公司的季度营收约是J.M. Smucker Company (The)的1.4倍（$3.3B vs $2.3B），J.M. Smucker Company (The)净利率更高（10.4% vs 6.0%，领先4.4%），波尔公司同比增速更快（16.2% vs 2.6%），波尔公司自由现金流更多（$1.0B vs $280.2M），过去两年波尔公司的营收复合增速更高（7.9% vs 2.2%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
BALL vs SJM — 直观对比
营收规模更大
BALL
是对方的1.4倍
$2.3B
营收增速更快
BALL
高出13.6%
2.6%
净利率更高
SJM
高出4.4%
6.0%
自由现金流更多
BALL
多$760.8M
$280.2M
两年增速更快
BALL
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.3B |
| 净利润 | $200.0M | $241.3M |
| 毛利率 | — | 37.3% |
| 营业利润率 | 7.2% | 18.0% |
| 净利率 | 6.0% | 10.4% |
| 营收同比 | 16.2% | 2.6% |
| 净利润同比 | 766.7% | 1084.9% |
| 每股收益（稀释后） | $0.73 | $2.26 |
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BALLSJM
| Q4 25 | $3.3B | $2.3B | ||
| Q3 25 | $3.4B | $2.1B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.1B | $2.2B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $2.9B | $2.2B |
净利润BALLSJM
| Q4 25 | $200.0M | $241.3M | ||
| Q3 25 | $321.0M | $-43.9M | ||
| Q2 25 | $215.0M | $-729.0M | ||
| Q1 25 | $179.0M | $-662.3M | ||
| Q4 24 | $-30.0M | $-24.5M | ||
| Q3 24 | $199.0M | $185.0M | ||
| Q2 24 | $159.0M | $245.1M | ||
| Q1 24 | $3.7B | $120.4M |
毛利率BALLSJM
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 38.4% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 39.0% | ||
| Q3 24 | 17.7% | 37.5% | ||
| Q2 24 | 16.5% | 41.4% | ||
| Q1 24 | 16.6% | 36.9% |
营业利润率BALLSJM
| Q4 25 | 7.2% | 18.0% | ||
| Q3 25 | 11.6% | 2.2% | ||
| Q2 25 | 8.0% | -27.9% | ||
| Q1 25 | 7.4% | -27.2% | ||
| Q4 24 | 0.2% | 7.5% | ||
| Q3 24 | 7.4% | 16.4% | ||
| Q2 24 | 6.8% | 18.4% | ||
| Q1 24 | 6.8% | 13.3% |
净利率BALLSJM
| Q4 25 | 6.0% | 10.4% | ||
| Q3 25 | 9.5% | -2.1% | ||
| Q2 25 | 6.4% | -34.0% | ||
| Q1 25 | 5.8% | -30.3% | ||
| Q4 24 | -1.0% | -1.1% | ||
| Q3 24 | 6.5% | 8.7% | ||
| Q2 24 | 5.4% | 11.1% | ||
| Q1 24 | 128.3% | 5.4% |
每股收益（稀释后）BALLSJM
| Q4 25 | $0.73 | $2.26 | ||
| Q3 25 | $1.18 | $-0.41 | ||
| Q2 25 | $0.76 | $-6.86 | ||
| Q1 25 | $0.63 | $-6.22 | ||
| Q4 24 | $0.23 | $-0.23 | ||
| Q3 24 | $0.65 | $1.74 | ||
| Q2 24 | $0.51 | $2.31 | ||
| Q1 24 | $11.61 | $1.13 |
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 | $1.2B | — |
| 总债务越低越好 | $7.0B | $7.0B |
| 股东权益账面价值 | $5.4B | $6.1B |
| 总资产 | $19.5B | $17.6B |
| 负债/权益比越低杠杆越低 | 1.29× | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资BALLSJM
| Q4 25 | $1.2B | — | ||
| Q3 25 | $568.0M | — | ||
| Q2 25 | $296.0M | — | ||
| Q1 25 | $449.0M | — | ||
| Q4 24 | $885.0M | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.7B | — |
总债务BALLSJM
| Q4 25 | $7.0B | $7.0B | ||
| Q3 25 | $6.9B | $7.0B | ||
| Q2 25 | $6.5B | $7.0B | ||
| Q1 25 | $6.1B | $7.4B | ||
| Q4 24 | $5.3B | $7.8B | ||
| Q3 24 | $5.4B | $7.8B | ||
| Q2 24 | $5.5B | $7.8B | ||
| Q1 24 | $5.5B | $8.1B |
股东权益BALLSJM
| Q4 25 | $5.4B | $6.1B | ||
| Q3 25 | $5.4B | $5.9B | ||
| Q2 25 | $5.2B | $6.1B | ||
| Q1 25 | $5.5B | $6.9B | ||
| Q4 24 | $5.9B | $7.6B | ||
| Q3 24 | $6.7B | $7.8B | ||
| Q2 24 | $6.9B | $7.7B | ||
| Q1 24 | $7.3B | $7.6B |
总资产BALLSJM
| Q4 25 | $19.5B | $17.6B | ||
| Q3 25 | $18.7B | $17.7B | ||
| Q2 25 | $18.6B | $17.6B | ||
| Q1 25 | $18.0B | $18.4B | ||
| Q4 24 | $17.6B | $20.0B | ||
| Q3 24 | $18.8B | $20.3B | ||
| Q2 24 | $19.0B | $20.3B | ||
| Q1 24 | $19.9B | $20.2B |
负债/权益比BALLSJM
| Q4 25 | 1.29× | 1.16× | ||
| Q3 25 | 1.26× | 1.19× | ||
| Q2 25 | 1.24× | 1.16× | ||
| Q1 25 | 1.12× | 1.07× | ||
| Q4 24 | 0.91× | 1.02× | ||
| Q3 24 | 0.80× | 1.00× | ||
| Q2 24 | 0.80× | 1.01× | ||
| Q1 24 | 0.76× | 1.07× |
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 | $1.2B | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $280.2M |
| 自由现金流率自由现金流/营收 | 31.1% | 12.0% |
| 资本支出强度资本支出/营收 | 5.1% | 2.8% |
| 现金转化率经营现金流/净利润 | 6.05× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $788.0M | $635.5M |
8季度趋势，按日历期对齐
经营现金流BALLSJM
| Q4 25 | $1.2B | $346.5M | ||
| Q3 25 | $384.0M | $-10.6M | ||
| Q2 25 | $332.0M | $393.9M | ||
| Q1 25 | $-665.0M | $239.4M | ||
| Q4 24 | $500.0M | $404.2M | ||
| Q3 24 | $610.0M | $172.9M | ||
| Q2 24 | $252.0M | $428.1M | ||
| Q1 24 | $-1.2B | $406.5M |
自由现金流BALLSJM
| Q4 25 | $1.0B | $280.2M | ||
| Q3 25 | $257.0M | $-94.9M | ||
| Q2 25 | $236.0M | $298.9M | ||
| Q1 25 | $-746.0M | $151.3M | ||
| Q4 24 | $393.0M | $317.2M | ||
| Q3 24 | $493.0M | $49.2M | ||
| Q2 24 | $146.0M | $297.5M | ||
| Q1 24 | $-1.4B | $249.6M |
自由现金流率BALLSJM
| Q4 25 | 31.1% | 12.0% | ||
| Q3 25 | 7.6% | -4.5% | ||
| Q2 25 | 7.1% | 13.9% | ||
| Q1 25 | -24.1% | 6.9% | ||
| Q4 24 | 13.6% | 14.0% | ||
| Q3 24 | 16.0% | 2.3% | ||
| Q2 24 | 4.9% | 13.5% | ||
| Q1 24 | -48.7% | 11.2% |
资本支出强度BALLSJM
| Q4 25 | 5.1% | 2.8% | ||
| Q3 25 | 3.8% | 4.0% | ||
| Q2 25 | 2.9% | 4.4% | ||
| Q1 25 | 2.6% | 4.0% | ||
| Q4 24 | 3.7% | 3.8% | ||
| Q3 24 | 3.8% | 5.8% | ||
| Q2 24 | 3.6% | 5.9% | ||
| Q1 24 | 5.4% | 7.0% |
现金转化率BALLSJM
| Q4 25 | 6.05× | 1.44× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.54× | — | ||
| Q1 25 | -3.72× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.07× | 0.93× | ||
| Q2 24 | 1.58× | 1.75× | ||
| Q1 24 | -0.34× | 3.38× |
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
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
