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百富门（BF.B）与CAL-MAINE FOODS INC（CALM）财务数据对比。点击上方公司名可切换其他公司
百富门的季度营收约是CAL-MAINE FOODS INC的1.3倍（$1.0B vs $769.5M）。百富门净利率更高（21.6% vs 13.4%，领先8.3%）。百富门同比增速更快（-5.4% vs -19.4%）。百富门自由现金流更多（$107.0M vs $47.9M）。过去两年CAL-MAINE FOODS INC的营收复合增速更高（21.3% vs -1.6%）
百富门（Brown-Forman）是美国家族控股上市企业，属全球规模最大的葡萄酒及烈酒经营集团之一，总部位于肯塔基州路易斯维尔。旗下拥有杰克丹尼、伍德福德珍藏、格兰多纳等多个国际知名酒类品牌，曾持有的南方安逸等品牌已于2016年出售。
卡尔梅恩食品公司是总部位于美国密西西比州里奇兰的鲜蛋生产商，截至2024年是美国规模最大的蛋品企业。公司旗下拥有Egg-Land's Best、Land O'Lakes等多个知名蛋品品牌，1957年由弗雷德·R·亚当斯二世创立，亚当斯家族持有企业控股权，目前在纳斯达克挂牌上市。
BF.B vs CALM — 直观对比
营收规模更大
BF.B
是对方的1.3倍
$769.5M
营收增速更快
BF.B
高出14.0%
-19.4%
净利率更高
BF.B
高出8.3%
13.4%
自由现金流更多
BF.B
多$59.1M
$47.9M
两年增速更快
CALM
近两年复合增速
-1.6%
损益表 — Q2 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $769.5M |
| 净利润 | $224.0M | $102.8M |
| 毛利率 | 59.4% | 27.0% |
| 营业利润率 | 29.4% | 16.1% |
| 净利率 | 21.6% | 13.4% |
| 营收同比 | -5.4% | -19.4% |
| 净利润同比 | -13.2% | -53.1% |
| 每股收益（稀释后） | $0.47 | $2.13 |
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BF.BCALM
| Q4 25 | $1.0B | $769.5M | ||
| Q3 25 | $924.0M | $922.6M | ||
| Q2 25 | $894.0M | — | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.1B | $954.7M | ||
| Q3 24 | $951.0M | $785.9M | ||
| Q2 24 | $964.0M | — | ||
| Q1 24 | $1.1B | $703.1M |
净利润BF.BCALM
| Q4 25 | $224.0M | $102.8M | ||
| Q3 25 | $170.0M | $199.3M | ||
| Q2 25 | $146.0M | — | ||
| Q1 25 | $270.0M | $508.5M | ||
| Q4 24 | $258.0M | $219.1M | ||
| Q3 24 | $195.0M | $150.0M | ||
| Q2 24 | $266.0M | — | ||
| Q1 24 | $285.0M | $146.7M |
毛利率BF.BCALM
| Q4 25 | 59.4% | 27.0% | ||
| Q3 25 | 59.7% | 33.7% | ||
| Q2 25 | 57.4% | — | ||
| Q1 25 | 59.8% | 50.5% | ||
| Q4 24 | 59.0% | 37.3% | ||
| Q3 24 | 59.4% | 31.5% | ||
| Q2 24 | 59.0% | — | ||
| Q1 24 | 59.4% | 31.1% |
营业利润率BF.BCALM
| Q4 25 | 29.4% | 16.1% | ||
| Q3 25 | 28.1% | 27.0% | ||
| Q2 25 | 22.9% | — | ||
| Q1 25 | 27.1% | 44.8% | ||
| Q4 24 | 31.1% | 29.1% | ||
| Q3 24 | 29.5% | 23.8% | ||
| Q2 24 | 38.9% | — | ||
| Q1 24 | 34.9% | 23.2% |
净利率BF.BCALM
| Q4 25 | 21.6% | 13.4% | ||
| Q3 25 | 18.4% | 21.6% | ||
| Q2 25 | 16.3% | — | ||
| Q1 25 | 26.1% | 35.9% | ||
| Q4 24 | 23.6% | 22.9% | ||
| Q3 24 | 20.5% | 19.1% | ||
| Q2 24 | 27.6% | — | ||
| Q1 24 | 26.7% | 20.9% |
每股收益（稀释后）BF.BCALM
| Q4 25 | $0.47 | $2.13 | ||
| Q3 25 | $0.36 | $4.12 | ||
| Q2 25 | $0.31 | — | ||
| Q1 25 | $0.57 | $10.38 | ||
| Q4 24 | $0.55 | $4.47 | ||
| Q3 24 | $0.41 | $3.06 | ||
| Q2 24 | $0.56 | — | ||
| Q1 24 | $0.60 | $3.00 |
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 | $319.0M | $369.4M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.1B | $2.7B |
| 总资产 | $8.2B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资BF.BCALM
| Q4 25 | $319.0M | $369.4M | ||
| Q3 25 | $471.0M | $251.9M | ||
| Q2 25 | $444.0M | — | ||
| Q1 25 | $599.0M | $497.2M | ||
| Q4 24 | $416.0M | $140.3M | ||
| Q3 24 | $416.0M | $181.7M | ||
| Q2 24 | $446.0M | — | ||
| Q1 24 | $589.0M | $367.1M |
总债务BF.BCALM
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益BF.BCALM
| Q4 25 | $4.1B | $2.7B | ||
| Q3 25 | $4.0B | $2.7B | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $3.8B | $2.4B | ||
| Q4 24 | $3.7B | $2.0B | ||
| Q3 24 | $3.5B | $1.9B | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.2B | $1.7B |
总资产BF.BCALM
| Q4 25 | $8.2B | $3.1B | ||
| Q3 25 | $8.2B | $3.2B | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.1B | $3.1B | ||
| Q4 24 | $8.3B | $2.5B | ||
| Q3 24 | $8.2B | $2.4B | ||
| Q2 24 | $8.2B | — | ||
| Q1 24 | $8.2B | $2.1B |
负债/权益比BF.BCALM
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.83× | — |
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 | $132.0M | $94.8M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $47.9M |
| 自由现金流率自由现金流/营收 | 10.3% | 6.2% |
| 资本支出强度资本支出/营收 | 2.4% | 6.1% |
| 现金转化率经营现金流/净利润 | 0.59× | 0.92× |
| 过去12个月自由现金流最近4个季度 | $610.0M | $1.0B |
8季度趋势，按日历期对齐
经营现金流BF.BCALM
| Q4 25 | $132.0M | $94.8M | ||
| Q3 25 | $160.0M | $278.6M | ||
| Q2 25 | $152.0M | — | ||
| Q1 25 | $317.0M | $571.6M | ||
| Q4 24 | $112.0M | $122.7M | ||
| Q3 24 | $17.0M | $117.5M | ||
| Q2 24 | $285.0M | — | ||
| Q1 24 | $265.0M | $164.0M |
自由现金流BF.BCALM
| Q4 25 | $107.0M | $47.9M | ||
| Q3 25 | $129.0M | $233.3M | ||
| Q2 25 | $102.0M | — | ||
| Q1 25 | $272.0M | $521.8M | ||
| Q4 24 | $81.0M | $92.9M | ||
| Q3 24 | $-24.0M | $81.7M | ||
| Q2 24 | $205.0M | — | ||
| Q1 24 | $196.0M | $133.8M |
自由现金流率BF.BCALM
| Q4 25 | 10.3% | 6.2% | ||
| Q3 25 | 14.0% | 25.3% | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 26.3% | 36.8% | ||
| Q4 24 | 7.4% | 9.7% | ||
| Q3 24 | -2.5% | 10.4% | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 18.3% | 19.0% |
资本支出强度BF.BCALM
| Q4 25 | 2.4% | 6.1% | ||
| Q3 25 | 3.4% | 4.9% | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 4.3% | 3.5% | ||
| Q4 24 | 2.8% | 3.1% | ||
| Q3 24 | 4.3% | 4.6% | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 6.5% | 4.3% |
现金转化率BF.BCALM
| Q4 25 | 0.59× | 0.92× | ||
| Q3 25 | 0.94× | 1.40× | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.17× | 1.12× | ||
| Q4 24 | 0.43× | 0.56× | ||
| Q3 24 | 0.09× | 0.78× | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 0.93× | 1.12× |
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
BF.B
| Whiskey | $771.0M | 74% |
| Ready To Drink | $138.0M | 13% |
| Tequila | $67.0M | 6% |
| Restofportfolio | $52.0M | 5% |
| Nonbrandedandbulk | $8.0M | 1% |
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
