vs
邦吉（BG）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
邦吉的季度营收约是CAL-MAINE FOODS INC的6.4倍（$4.9B vs $769.5M）。CAL-MAINE FOODS INC净利率更高（13.4% vs 1.9%，领先11.4%）。邦吉同比增速更快（22.2% vs -19.4%）。邦吉自由现金流更多（$809.0M vs $47.9M）。过去两年CAL-MAINE FOODS INC的营收复合增速更高（21.3% vs 11.3%）
邦吉（Bunge Global）是全球知名的农业与食品企业，注册地位于瑞士日内瓦，总部设在美国密苏里州圣路易斯市，业务覆盖农产品生产、加工、贸易及食品供应链服务等多个领域，在全球农业产业中拥有较高的市场地位。
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。
BG vs CALM — 直观对比
营收规模更大
BG
是对方的6.4倍
$769.5M
营收增速更快
BG
高出41.6%
-19.4%
净利率更高
CALM
高出11.4%
1.9%
自由现金流更多
BG
多$761.1M
$47.9M
两年增速更快
CALM
近两年复合增速
11.3%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $769.5M |
| 净利润 | $95.0M | $102.8M |
| 毛利率 | 20.7% | 27.0% |
| 营业利润率 | 1.8% | 16.1% |
| 净利率 | 1.9% | 13.4% |
| 营收同比 | 22.2% | -19.4% |
| 净利润同比 | -84.2% | -53.1% |
| 每股收益（稀释后） | $-0.02 | $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BGCALM
| Q4 25 | $4.9B | $769.5M | ||
| Q3 25 | $4.4B | $922.6M | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $3.7B | $1.4B | ||
| Q4 24 | $4.0B | $954.7M | ||
| Q3 24 | $3.9B | $785.9M | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.9B | $703.1M |
净利润BGCALM
| Q4 25 | $95.0M | $102.8M | ||
| Q3 25 | $166.0M | $199.3M | ||
| Q2 25 | $354.0M | — | ||
| Q1 25 | $201.0M | $508.5M | ||
| Q4 24 | $602.0M | $219.1M | ||
| Q3 24 | $221.0M | $150.0M | ||
| Q2 24 | $70.0M | — | ||
| Q1 24 | $244.0M | $146.7M |
毛利率BGCALM
| Q4 25 | 20.7% | 27.0% | ||
| Q3 25 | 24.3% | 33.7% | ||
| Q2 25 | 18.4% | — | ||
| Q1 25 | 16.3% | 50.5% | ||
| Q4 24 | 27.0% | 37.3% | ||
| Q3 24 | 19.9% | 31.5% | ||
| Q2 24 | 17.8% | — | ||
| Q1 24 | 22.2% | 31.1% |
营业利润率BGCALM
| Q4 25 | 1.8% | 16.1% | ||
| Q3 25 | 6.2% | 27.0% | ||
| Q2 25 | 12.3% | — | ||
| Q1 25 | 7.8% | 44.8% | ||
| Q4 24 | 18.3% | 29.1% | ||
| Q3 24 | 8.3% | 23.8% | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 9.4% | 23.2% |
净利率BGCALM
| Q4 25 | 1.9% | 13.4% | ||
| Q3 25 | 3.8% | 21.6% | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 5.5% | 35.9% | ||
| Q4 24 | 15.0% | 22.9% | ||
| Q3 24 | 5.7% | 19.1% | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 6.2% | 20.9% |
每股收益（稀释后）BGCALM
| Q4 25 | $-0.02 | $2.13 | ||
| Q3 25 | $0.84 | $4.12 | ||
| Q2 25 | $2.61 | — | ||
| Q1 25 | $1.48 | $10.38 | ||
| Q4 24 | $4.27 | $4.47 | ||
| Q3 24 | $1.56 | $3.06 | ||
| Q2 24 | $0.48 | — | ||
| Q1 24 | $1.68 | $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 | $2.0B | $369.4M |
| 总债务越低越好 | $10.2B | — |
| 股东权益账面价值 | $15.9B | $2.7B |
| 总资产 | $44.5B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.64× | — |
8季度趋势，按日历期对齐
现金及短期投资BGCALM
| Q4 25 | $2.0B | $369.4M | ||
| Q3 25 | $3.2B | $251.9M | ||
| Q2 25 | $7.1B | — | ||
| Q1 25 | $3.9B | $497.2M | ||
| Q4 24 | $3.8B | $140.3M | ||
| Q3 24 | $3.0B | $181.7M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $3.1B | $367.1M |
总债务BGCALM
| Q4 25 | $10.2B | — | ||
| Q3 25 | $11.1B | — | ||
| Q2 25 | $7.7B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.1B | — |
股东权益BGCALM
| Q4 25 | $15.9B | $2.7B | ||
| Q3 25 | $15.8B | $2.7B | ||
| Q2 25 | $10.9B | — | ||
| Q1 25 | $10.6B | $2.4B | ||
| Q4 24 | $9.9B | $2.0B | ||
| Q3 24 | $10.1B | $1.9B | ||
| Q2 24 | $10.0B | — | ||
| Q1 24 | $10.6B | $1.7B |
总资产BGCALM
| Q4 25 | $44.5B | $3.1B | ||
| Q3 25 | $46.3B | $3.2B | ||
| Q2 25 | $31.2B | — | ||
| Q1 25 | $26.7B | $3.1B | ||
| Q4 24 | $24.9B | $2.5B | ||
| Q3 24 | $25.3B | $2.4B | ||
| Q2 24 | $24.4B | — | ||
| Q1 24 | $25.8B | $2.1B |
负债/权益比BGCALM
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.54× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | 0.39× | — |
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 | $1.3B | $94.8M |
| 自由现金流经营现金流 - 资本支出 | $809.0M | $47.9M |
| 自由现金流率自由现金流/营收 | 16.6% | 6.2% |
| 资本支出强度资本支出/营收 | 11.0% | 6.1% |
| 现金转化率经营现金流/净利润 | 14.18× | 0.92× |
| 过去12个月自由现金流最近4个季度 | $-879.0M | $1.0B |
8季度趋势，按日历期对齐
经营现金流BGCALM
| Q4 25 | $1.3B | $94.8M | ||
| Q3 25 | $854.0M | $278.6M | ||
| Q2 25 | $-1.1B | — | ||
| Q1 25 | $-285.0M | $571.6M | ||
| Q4 24 | $1.1B | $122.7M | ||
| Q3 24 | $1.3B | $117.5M | ||
| Q2 24 | $-1.5B | — | ||
| Q1 24 | $994.0M | $164.0M |
自由现金流BGCALM
| Q4 25 | $809.0M | $47.9M | ||
| Q3 25 | $385.0M | $233.3M | ||
| Q2 25 | $-1.5B | — | ||
| Q1 25 | $-595.0M | $521.8M | ||
| Q4 24 | $564.0M | $92.9M | ||
| Q3 24 | $973.0M | $81.7M | ||
| Q2 24 | $-1.8B | — | ||
| Q1 24 | $758.0M | $133.8M |
自由现金流率BGCALM
| Q4 25 | 16.6% | 6.2% | ||
| Q3 25 | 8.8% | 25.3% | ||
| Q2 25 | -36.8% | — | ||
| Q1 25 | -16.2% | 36.8% | ||
| Q4 24 | 14.1% | 9.7% | ||
| Q3 24 | 25.1% | 10.4% | ||
| Q2 24 | -47.4% | — | ||
| Q1 24 | 19.2% | 19.0% |
资本支出强度BGCALM
| Q4 25 | 11.0% | 6.1% | ||
| Q3 25 | 10.7% | 4.9% | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | 8.5% | 3.5% | ||
| Q4 24 | 12.2% | 3.1% | ||
| Q3 24 | 9.1% | 4.6% | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 6.0% | 4.3% |
现金转化率BGCALM
| Q4 25 | 14.18× | 0.92× | ||
| Q3 25 | 5.14× | 1.40× | ||
| Q2 25 | -3.03× | — | ||
| Q1 25 | -1.42× | 1.12× | ||
| Q4 24 | 1.75× | 0.56× | ||
| Q3 24 | 6.00× | 0.78× | ||
| Q2 24 | -21.06× | — | ||
| Q1 24 | 4.07× | 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
BG
| Other Oilseeds Processing And Refining | $4.6B | 95% |
| Other | $251.0M | 5% |
| Other Products | $3.0M | 0% |
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
