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百富门（BF.B）与CHS INC（CHSCP）财务数据对比。点击上方公司名可切换其他公司
CHS INC的季度营收约是百富门的8.6倍（$8.9B vs $1.0B）。百富门净利率更高（21.6% vs 2.9%，领先18.7%）。CHS INC同比增速更快（-4.6% vs -5.4%）。百富门自由现金流更多（$107.0M vs $-453.8M）。过去两年CHS INC的营收复合增速更高（-1.2% 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。
CHS Inc是美国顶尖农业合作社企业，跻身财富世界500强，总部位于明尼苏达州因弗格罗夫海茨，由美国本土农业合作社、农牧从业者及优先股股东共同所有。公司业务覆盖食品加工批发、农资供应、金融服务、零售等多个领域，在北美中西部共19个州分销Cenex品牌燃料，是北美大型连锁便利店运营商之一，同时合资持股植物油生产商文图拉食品。
BF.B vs CHSCP — 直观对比
营收规模更大
CHSCP
是对方的8.6倍
$1.0B
营收增速更快
CHSCP
高出0.8%
-5.4%
净利率更高
BF.B
高出18.7%
2.9%
自由现金流更多
BF.B
多$560.8M
$-453.8M
两年增速更快
CHSCP
近两年复合增速
-1.6%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $8.9B |
| 净利润 | $224.0M | $260.5M |
| 毛利率 | 59.4% | 4.4% |
| 营业利润率 | 29.4% | 1.4% |
| 净利率 | 21.6% | 2.9% |
| 营收同比 | -5.4% | -4.6% |
| 净利润同比 | -13.2% | 6.4% |
| 每股收益（稀释后） | $0.47 | — |
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.BCHSCP
| Q4 25 | $1.0B | $8.9B | ||
| Q3 25 | $924.0M | $13.2B | ||
| Q2 25 | $894.0M | $9.8B | ||
| Q1 25 | $1.0B | $3.2B | ||
| Q4 24 | $1.1B | $9.3B | ||
| Q3 24 | $951.0M | $9.2B | ||
| Q2 24 | $964.0M | $9.6B | ||
| Q1 24 | $1.1B | $9.1B |
净利润BF.BCHSCP
| Q4 25 | $224.0M | $260.5M | ||
| Q3 25 | $170.0M | $196.7M | ||
| Q2 25 | $146.0M | $232.2M | ||
| Q1 25 | $270.0M | $-75.8M | ||
| Q4 24 | $258.0M | $244.8M | ||
| Q3 24 | $195.0M | $111.8M | ||
| Q2 24 | $266.0M | $297.3M | ||
| Q1 24 | $285.0M | $170.3M |
毛利率BF.BCHSCP
| Q4 25 | 59.4% | 4.4% | ||
| Q3 25 | 59.7% | 2.5% | ||
| Q2 25 | 57.4% | 3.4% | ||
| Q1 25 | 59.8% | 2.4% | ||
| Q4 24 | 59.0% | 4.3% | ||
| Q3 24 | 59.4% | 3.0% | ||
| Q2 24 | 59.0% | 4.9% | ||
| Q1 24 | 59.4% | 4.0% |
营业利润率BF.BCHSCP
| Q4 25 | 29.4% | 1.4% | ||
| Q3 25 | 28.1% | 0.4% | ||
| Q2 25 | 22.9% | 0.7% | ||
| Q1 25 | 27.1% | -5.4% | ||
| Q4 24 | 31.1% | 1.5% | ||
| Q3 24 | 29.5% | -0.3% | ||
| Q2 24 | 38.9% | 1.6% | ||
| Q1 24 | 34.9% | 0.7% |
净利率BF.BCHSCP
| Q4 25 | 21.6% | 2.9% | ||
| Q3 25 | 18.4% | 1.5% | ||
| Q2 25 | 16.3% | 2.4% | ||
| Q1 25 | 26.1% | -2.4% | ||
| Q4 24 | 23.6% | 2.6% | ||
| Q3 24 | 20.5% | 1.2% | ||
| Q2 24 | 27.6% | 3.1% | ||
| Q1 24 | 26.7% | 1.9% |
每股收益（稀释后）BF.BCHSCP
| Q4 25 | $0.47 | — | ||
| Q3 25 | $0.36 | — | ||
| Q2 25 | $0.31 | — | ||
| Q1 25 | $0.57 | — | ||
| Q4 24 | $0.55 | — | ||
| Q3 24 | $0.41 | — | ||
| Q2 24 | $0.56 | — | ||
| Q1 24 | $0.60 | — |
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 | $374.7M |
| 总债务越低越好 | $2.4B | $1.7B |
| 股东权益账面价值 | $4.1B | $11.2B |
| 总资产 | $8.2B | $20.7B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资BF.BCHSCP
| Q4 25 | $319.0M | $374.7M | ||
| Q3 25 | $471.0M | $327.8M | ||
| Q2 25 | $444.0M | $323.9M | ||
| Q1 25 | $599.0M | $433.3M | ||
| Q4 24 | $416.0M | $795.6M | ||
| Q3 24 | $416.0M | $1.3B | ||
| Q2 24 | $446.0M | $310.1M | ||
| Q1 24 | $589.0M | $633.3M |
总债务BF.BCHSCP
| Q4 25 | $2.4B | $1.7B | ||
| Q3 25 | $2.4B | $1.7B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.7B | $1.8B | ||
| Q4 24 | $2.7B | $1.8B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $2.7B | $1.7B | ||
| Q1 24 | $2.7B | $1.7B |
股东权益BF.BCHSCP
| Q4 25 | $4.1B | $11.2B | ||
| Q3 25 | $4.0B | $11.1B | ||
| Q2 25 | $4.0B | $10.8B | ||
| Q1 25 | $3.8B | $10.7B | ||
| Q4 24 | $3.7B | $10.8B | ||
| Q3 24 | $3.5B | $10.8B | ||
| Q2 24 | $3.5B | $10.9B | ||
| Q1 24 | $3.2B | $10.8B |
总资产BF.BCHSCP
| Q4 25 | $8.2B | $20.7B | ||
| Q3 25 | $8.2B | $18.9B | ||
| Q2 25 | $8.1B | $19.7B | ||
| Q1 25 | $8.1B | $20.1B | ||
| Q4 24 | $8.3B | $19.6B | ||
| Q3 24 | $8.2B | $18.7B | ||
| Q2 24 | $8.2B | $18.5B | ||
| Q1 24 | $8.2B | $19.2B |
负债/权益比BF.BCHSCP
| Q4 25 | 0.59× | 0.16× | ||
| Q3 25 | 0.61× | 0.16× | ||
| Q2 25 | 0.61× | 0.17× | ||
| Q1 25 | 0.70× | 0.17× | ||
| Q4 24 | 0.73× | 0.17× | ||
| Q3 24 | 0.77× | 0.17× | ||
| Q2 24 | 0.76× | 0.15× | ||
| Q1 24 | 0.83× | 0.16× |
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 | $-337.8M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $-453.8M |
| 自由现金流率自由现金流/营收 | 10.3% | -5.1% |
| 资本支出强度资本支出/营收 | 2.4% | 1.3% |
| 现金转化率经营现金流/净利润 | 0.59× | -1.30× |
| 过去12个月自由现金流最近4个季度 | $610.0M | $-60.0M |
8季度趋势，按日历期对齐
经营现金流BF.BCHSCP
| Q4 25 | $132.0M | $-337.8M | ||
| Q3 25 | $160.0M | $1.3B | ||
| Q2 25 | $152.0M | $696.6M | ||
| Q1 25 | $317.0M | $-1.0B | ||
| Q4 24 | $112.0M | $-294.0M | ||
| Q3 24 | $17.0M | $1.1B | ||
| Q2 24 | $285.0M | $556.9M | ||
| Q1 24 | $265.0M | $-249.6M |
自由现金流BF.BCHSCP
| Q4 25 | $107.0M | $-453.8M | ||
| Q3 25 | $129.0M | $1.1B | ||
| Q2 25 | $102.0M | $520.6M | ||
| Q1 25 | $272.0M | $-1.2B | ||
| Q4 24 | $81.0M | $-486.6M | ||
| Q3 24 | $-24.0M | $845.8M | ||
| Q2 24 | $205.0M | $361.6M | ||
| Q1 24 | $196.0M | $-453.3M |
自由现金流率BF.BCHSCP
| Q4 25 | 10.3% | -5.1% | ||
| Q3 25 | 14.0% | 8.1% | ||
| Q2 25 | 11.4% | 5.3% | ||
| Q1 25 | 26.3% | -38.1% | ||
| Q4 24 | 7.4% | -5.2% | ||
| Q3 24 | -2.5% | 9.2% | ||
| Q2 24 | 21.3% | 3.8% | ||
| Q1 24 | 18.3% | -5.0% |
资本支出强度BF.BCHSCP
| Q4 25 | 2.4% | 1.3% | ||
| Q3 25 | 3.4% | 1.5% | ||
| Q2 25 | 5.6% | 1.8% | ||
| Q1 25 | 4.3% | 5.2% | ||
| Q4 24 | 2.8% | 2.1% | ||
| Q3 24 | 4.3% | 2.9% | ||
| Q2 24 | 8.3% | 2.0% | ||
| Q1 24 | 6.5% | 2.2% |
现金转化率BF.BCHSCP
| Q4 25 | 0.59× | -1.30× | ||
| Q3 25 | 0.94× | 6.46× | ||
| Q2 25 | 1.04× | 3.00× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 0.43× | -1.20× | ||
| Q3 24 | 0.09× | 9.96× | ||
| Q2 24 | 1.07× | 1.87× | ||
| Q1 24 | 0.93× | -1.47× |
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% |
CHSCP
| Grains | $5.2B | 59% |
| Agronomy | $1.2B | 14% |
| CF Nitrogen LLC | $1.1B | 12% |
| Ventura Foods Llc | $838.2M | 9% |
| Other | $283.9M | 3% |
| ASC Topic815 | $198.7M | 2% |
| West Central Ag Services | $18.0M | 0% |
| Other Guidance | $1.4M | 0% |
