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百富门（BF.B）与宜瑞安（INGR）财务数据对比。点击上方公司名可切换其他公司
宜瑞安的季度营收约是百富门的1.7倍（$1.8B vs $1.0B）。百富门净利率更高（21.6% vs 9.5%，领先12.1%）。宜瑞安同比增速更快（-2.4% vs -5.4%）。宜瑞安自由现金流更多（$270.0M vs $107.0M）。过去两年百富门的营收复合增速更高（-1.6% vs -3.4%）
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。
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
BF.B vs INGR — 直观对比
营收规模更大
INGR
是对方的1.7倍
$1.0B
营收增速更快
INGR
高出3.0%
-5.4%
净利率更高
BF.B
高出12.1%
9.5%
自由现金流更多
INGR
多$163.0M
$107.0M
两年增速更快
BF.B
近两年复合增速
-3.4%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.8B |
| 净利润 | $224.0M | $167.0M |
| 毛利率 | 59.4% | 24.5% |
| 营业利润率 | 29.4% | 12.5% |
| 净利率 | 21.6% | 9.5% |
| 营收同比 | -5.4% | -2.4% |
| 净利润同比 | -13.2% | 72.2% |
| 每股收益（稀释后） | $0.47 | $2.58 |
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.BINGR
| Q4 25 | $1.0B | $1.8B | ||
| Q3 25 | $924.0M | $1.8B | ||
| Q2 25 | $894.0M | $1.8B | ||
| Q1 25 | $1.0B | $1.8B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $951.0M | $1.9B | ||
| Q2 24 | $964.0M | $1.9B | ||
| Q1 24 | $1.1B | $1.9B |
净利润BF.BINGR
| Q4 25 | $224.0M | $167.0M | ||
| Q3 25 | $170.0M | $171.0M | ||
| Q2 25 | $146.0M | $196.0M | ||
| Q1 25 | $270.0M | $197.0M | ||
| Q4 24 | $258.0M | $97.0M | ||
| Q3 24 | $195.0M | $188.0M | ||
| Q2 24 | $266.0M | $148.0M | ||
| Q1 24 | $285.0M | $216.0M |
毛利率BF.BINGR
| Q4 25 | 59.4% | 24.5% | ||
| Q3 25 | 59.7% | 25.1% | ||
| Q2 25 | 57.4% | 26.0% | ||
| Q1 25 | 59.8% | 25.7% | ||
| Q4 24 | 59.0% | 24.9% | ||
| Q3 24 | 59.4% | 25.6% | ||
| Q2 24 | 59.0% | 23.7% | ||
| Q1 24 | 59.4% | 22.2% |
营业利润率BF.BINGR
| Q4 25 | 29.4% | 12.5% | ||
| Q3 25 | 28.1% | 13.7% | ||
| Q2 25 | 22.9% | 14.8% | ||
| Q1 25 | 27.1% | 15.2% | ||
| Q4 24 | 31.1% | 9.0% | ||
| Q3 24 | 29.5% | 14.3% | ||
| Q2 24 | 38.9% | 12.8% | ||
| Q1 24 | 34.9% | 11.3% |
净利率BF.BINGR
| Q4 25 | 21.6% | 9.5% | ||
| Q3 25 | 18.4% | 9.4% | ||
| Q2 25 | 16.3% | 10.7% | ||
| Q1 25 | 26.1% | 10.9% | ||
| Q4 24 | 23.6% | 5.4% | ||
| Q3 24 | 20.5% | 10.1% | ||
| Q2 24 | 27.6% | 7.9% | ||
| Q1 24 | 26.7% | 11.5% |
每股收益（稀释后）BF.BINGR
| Q4 25 | $0.47 | $2.58 | ||
| Q3 25 | $0.36 | $2.61 | ||
| Q2 25 | $0.31 | $2.99 | ||
| Q1 25 | $0.57 | $3.00 | ||
| Q4 24 | $0.55 | $1.43 | ||
| Q3 24 | $0.41 | $2.83 | ||
| Q2 24 | $0.56 | $2.22 | ||
| Q1 24 | $0.60 | $3.23 |
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 | $1.0B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.1B | $4.3B |
| 总资产 | $8.2B | $7.9B |
| 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.BINGR
| Q4 25 | $319.0M | $1.0B | ||
| Q3 25 | $471.0M | $915.0M | ||
| Q2 25 | $444.0M | $861.0M | ||
| Q1 25 | $599.0M | $837.0M | ||
| Q4 24 | $416.0M | $997.0M | ||
| Q3 24 | $416.0M | $877.0M | ||
| Q2 24 | $446.0M | $505.0M | ||
| Q1 24 | $589.0M | $438.0M |
总债务BF.BINGR
| 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.BINGR
| Q4 25 | $4.1B | $4.3B | ||
| Q3 25 | $4.0B | $4.2B | ||
| Q2 25 | $4.0B | $4.2B | ||
| Q1 25 | $3.8B | $4.0B | ||
| Q4 24 | $3.7B | $3.8B | ||
| Q3 24 | $3.5B | $4.0B | ||
| Q2 24 | $3.5B | $3.7B | ||
| Q1 24 | $3.2B | $3.7B |
总资产BF.BINGR
| Q4 25 | $8.2B | $7.9B | ||
| Q3 25 | $8.2B | $7.8B | ||
| Q2 25 | $8.1B | $7.8B | ||
| Q1 25 | $8.1B | $7.5B | ||
| Q4 24 | $8.3B | $7.4B | ||
| Q3 24 | $8.2B | $7.5B | ||
| Q2 24 | $8.2B | $7.2B | ||
| Q1 24 | $8.2B | $7.3B |
负债/权益比BF.BINGR
| 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 | $405.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $270.0M |
| 自由现金流率自由现金流/营收 | 10.3% | 15.4% |
| 资本支出强度资本支出/营收 | 2.4% | 7.7% |
| 现金转化率经营现金流/净利润 | 0.59× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $610.0M | $511.0M |
8季度趋势，按日历期对齐
经营现金流BF.BINGR
| Q4 25 | $132.0M | $405.0M | ||
| Q3 25 | $160.0M | $277.0M | ||
| Q2 25 | $152.0M | $185.0M | ||
| Q1 25 | $317.0M | $77.0M | ||
| Q4 24 | $112.0M | $436.0M | ||
| Q3 24 | $17.0M | $479.0M | ||
| Q2 24 | $285.0M | $312.0M | ||
| Q1 24 | $265.0M | $209.0M |
自由现金流BF.BINGR
| Q4 25 | $107.0M | $270.0M | ||
| Q3 25 | $129.0M | $172.0M | ||
| Q2 25 | $102.0M | $84.0M | ||
| Q1 25 | $272.0M | $-15.0M | ||
| Q4 24 | $81.0M | $311.0M | ||
| Q3 24 | $-24.0M | $429.0M | ||
| Q2 24 | $205.0M | $257.0M | ||
| Q1 24 | $196.0M | $144.0M |
自由现金流率BF.BINGR
| Q4 25 | 10.3% | 15.4% | ||
| Q3 25 | 14.0% | 9.5% | ||
| Q2 25 | 11.4% | 4.6% | ||
| Q1 25 | 26.3% | -0.8% | ||
| Q4 24 | 7.4% | 17.3% | ||
| Q3 24 | -2.5% | 22.9% | ||
| Q2 24 | 21.3% | 13.7% | ||
| Q1 24 | 18.3% | 7.7% |
资本支出强度BF.BINGR
| Q4 25 | 2.4% | 7.7% | ||
| Q3 25 | 3.4% | 5.8% | ||
| Q2 25 | 5.6% | 5.5% | ||
| Q1 25 | 4.3% | 5.1% | ||
| Q4 24 | 2.8% | 6.9% | ||
| Q3 24 | 4.3% | 2.7% | ||
| Q2 24 | 8.3% | 2.9% | ||
| Q1 24 | 6.5% | 3.5% |
现金转化率BF.BINGR
| Q4 25 | 0.59× | 2.43× | ||
| Q3 25 | 0.94× | 1.62× | ||
| Q2 25 | 1.04× | 0.94× | ||
| Q1 25 | 1.17× | 0.39× | ||
| Q4 24 | 0.43× | 4.49× | ||
| Q3 24 | 0.09× | 2.55× | ||
| Q2 24 | 1.07× | 2.11× | ||
| Q1 24 | 0.93× | 0.97× |
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% |
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
