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百富门（BF.B）与DARLING INGREDIENTS INC.（DAR）财务数据对比。点击上方公司名可切换其他公司
DARLING INGREDIENTS INC.的季度营收约是百富门的1.5倍（$1.6B vs $1.0B）。百富门净利率更高（21.6% vs 1.2%，领先20.4%）。DARLING INGREDIENTS INC.同比增速更快（10.0% vs -5.4%）。过去两年百富门的营收复合增速更高（-1.6% 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。
Darling Ingredients Inc.是全球领先的可持续天然原料生产商，将可食用及不可食用有机副产品加工为食品级营养成分、动物饲料添加剂、制药原料、生物燃料组分等高价值产品，服务全球食品、农业、制药、可再生能源领域客户。
BF.B vs DAR — 直观对比
营收规模更大
DAR
是对方的1.5倍
$1.0B
营收增速更快
DAR
高出15.4%
-5.4%
净利率更高
BF.B
高出20.4%
1.2%
两年增速更快
BF.B
近两年复合增速
-1.6%
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.6B |
| 净利润 | $224.0M | $19.4M |
| 毛利率 | 59.4% | 24.7% |
| 营业利润率 | 29.4% | 4.6% |
| 净利率 | 21.6% | 1.2% |
| 营收同比 | -5.4% | 10.0% |
| 净利润同比 | -13.2% | 14.2% |
| 每股收益（稀释后） | $0.47 | $0.12 |
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.BDAR
| Q4 25 | $1.0B | — | ||
| Q3 25 | $924.0M | $1.6B | ||
| Q2 25 | $894.0M | $1.5B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $951.0M | $1.4B | ||
| Q2 24 | $964.0M | $1.5B | ||
| Q1 24 | $1.1B | $1.4B |
净利润BF.BDAR
| Q4 25 | $224.0M | — | ||
| Q3 25 | $170.0M | $19.4M | ||
| Q2 25 | $146.0M | $12.7M | ||
| Q1 25 | $270.0M | $-26.2M | ||
| Q4 24 | $258.0M | $101.9M | ||
| Q3 24 | $195.0M | $16.9M | ||
| Q2 24 | $266.0M | $78.9M | ||
| Q1 24 | $285.0M | $81.2M |
毛利率BF.BDAR
| Q4 25 | 59.4% | — | ||
| Q3 25 | 59.7% | 24.7% | ||
| Q2 25 | 57.4% | 23.3% | ||
| Q1 25 | 59.8% | 22.6% | ||
| Q4 24 | 59.0% | 23.5% | ||
| Q3 24 | 59.4% | 22.1% | ||
| Q2 24 | 59.0% | 22.5% | ||
| Q1 24 | 59.4% | 21.4% |
营业利润率BF.BDAR
| Q4 25 | 29.4% | — | ||
| Q3 25 | 28.1% | 4.6% | ||
| Q2 25 | 22.9% | 5.1% | ||
| Q1 25 | 27.1% | 2.1% | ||
| Q4 24 | 31.1% | 8.6% | ||
| Q3 24 | 29.5% | 4.2% | ||
| Q2 24 | 38.9% | 10.2% | ||
| Q1 24 | 34.9% | 9.7% |
净利率BF.BDAR
| Q4 25 | 21.6% | — | ||
| Q3 25 | 18.4% | 1.2% | ||
| Q2 25 | 16.3% | 0.9% | ||
| Q1 25 | 26.1% | -1.9% | ||
| Q4 24 | 23.6% | 7.2% | ||
| Q3 24 | 20.5% | 1.2% | ||
| Q2 24 | 27.6% | 5.4% | ||
| Q1 24 | 26.7% | 5.7% |
每股收益（稀释后）BF.BDAR
| Q4 25 | $0.47 | — | ||
| Q3 25 | $0.36 | $0.12 | ||
| Q2 25 | $0.31 | $0.08 | ||
| Q1 25 | $0.57 | $-0.16 | ||
| Q4 24 | $0.55 | $0.63 | ||
| Q3 24 | $0.41 | $0.11 | ||
| Q2 24 | $0.56 | $0.49 | ||
| Q1 24 | $0.60 | $0.50 |
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 | $91.5M |
| 总债务越低越好 | $2.4B | $4.0B |
| 股东权益账面价值 | $4.1B | $4.7B |
| 总资产 | $8.2B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资BF.BDAR
| Q4 25 | $319.0M | — | ||
| Q3 25 | $471.0M | $91.5M | ||
| Q2 25 | $444.0M | $94.6M | ||
| Q1 25 | $599.0M | $81.5M | ||
| Q4 24 | $416.0M | $76.0M | ||
| Q3 24 | $416.0M | $114.8M | ||
| Q2 24 | $446.0M | $121.6M | ||
| Q1 24 | $589.0M | $145.5M |
总债务BF.BDAR
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | $4.0B | ||
| Q2 25 | $2.4B | $3.9B | ||
| Q1 25 | $2.7B | $3.8B | ||
| Q4 24 | $2.7B | $3.9B | ||
| Q3 24 | $2.7B | $4.1B | ||
| Q2 24 | $2.7B | $4.3B | ||
| Q1 24 | $2.7B | $4.4B |
股东权益BF.BDAR
| Q4 25 | $4.1B | — | ||
| Q3 25 | $4.0B | $4.7B | ||
| Q2 25 | $4.0B | $4.6B | ||
| Q1 25 | $3.8B | $4.4B | ||
| Q4 24 | $3.7B | $4.4B | ||
| Q3 24 | $3.5B | $4.6B | ||
| Q2 24 | $3.5B | $4.5B | ||
| Q1 24 | $3.2B | $4.6B |
总资产BF.BDAR
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.2B | $10.5B | ||
| Q2 25 | $8.1B | $10.3B | ||
| Q1 25 | $8.1B | $10.0B | ||
| Q4 24 | $8.3B | $10.1B | ||
| Q3 24 | $8.2B | $10.6B | ||
| Q2 24 | $8.2B | $10.6B | ||
| Q1 24 | $8.2B | $10.9B |
负债/权益比BF.BDAR
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.61× | 0.86× | ||
| Q2 25 | 0.61× | 0.85× | ||
| Q1 25 | 0.70× | 0.86× | ||
| Q4 24 | 0.73× | 0.89× | ||
| Q3 24 | 0.77× | 0.91× | ||
| Q2 24 | 0.76× | 0.97× | ||
| Q1 24 | 0.83× | 0.95× |
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 | $224.3M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | — |
| 自由现金流率自由现金流/营收 | 10.3% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | 0.59× | 11.59× |
| 过去12个月自由现金流最近4个季度 | $610.0M | — |
8季度趋势，按日历期对齐
经营现金流BF.BDAR
| Q4 25 | $132.0M | — | ||
| Q3 25 | $160.0M | $224.3M | ||
| Q2 25 | $152.0M | $145.8M | ||
| Q1 25 | $317.0M | $249.0M | ||
| Q4 24 | $112.0M | $154.4M | ||
| Q3 24 | $17.0M | $274.5M | ||
| Q2 24 | $285.0M | $146.5M | ||
| Q1 24 | $265.0M | $263.9M |
自由现金流BF.BDAR
| Q4 25 | $107.0M | — | ||
| Q3 25 | $129.0M | — | ||
| Q2 25 | $102.0M | — | ||
| Q1 25 | $272.0M | — | ||
| Q4 24 | $81.0M | — | ||
| Q3 24 | $-24.0M | — | ||
| Q2 24 | $205.0M | — | ||
| Q1 24 | $196.0M | — |
自由现金流率BF.BDAR
| Q4 25 | 10.3% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 26.3% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | -2.5% | — | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 18.3% | — |
资本支出强度BF.BDAR
| Q4 25 | 2.4% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 6.5% | — |
现金转化率BF.BDAR
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.94× | 11.59× | ||
| Q2 25 | 1.04× | 11.52× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 0.43× | 1.52× | ||
| Q3 24 | 0.09× | 16.19× | ||
| Q2 24 | 1.07× | 1.86× | ||
| Q1 24 | 0.93× | 3.25× |
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% |
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
