vs
邦吉（BG）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的季度营收约是邦吉的1.8倍（$8.9B vs $4.9B）。CHS INC净利率更高（2.9% vs 1.9%，领先1.0%）。邦吉同比增速更快（22.2% vs -4.6%）。邦吉自由现金流更多（$809.0M vs $-453.8M）。过去两年邦吉的营收复合增速更高（11.3% vs -1.2%）
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。
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。
BG vs CHSCP — 直观对比
营收规模更大
CHSCP
是对方的1.8倍
$4.9B
营收增速更快
BG
高出26.8%
-4.6%
净利率更高
CHSCP
高出1.0%
1.9%
自由现金流更多
BG
多$1.3B
$-453.8M
两年增速更快
BG
近两年复合增速
-1.2%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $8.9B |
| 净利润 | $95.0M | $260.5M |
| 毛利率 | 20.7% | 4.4% |
| 营业利润率 | 1.8% | 1.4% |
| 净利率 | 1.9% | 2.9% |
| 营收同比 | 22.2% | -4.6% |
| 净利润同比 | -84.2% | 6.4% |
| 每股收益（稀释后） | $-0.02 | — |
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BGCHSCP
| Q4 25 | $4.9B | $8.9B | ||
| Q3 25 | $4.4B | $13.2B | ||
| Q2 25 | $4.0B | $9.8B | ||
| Q1 25 | $3.7B | $3.2B | ||
| Q4 24 | $4.0B | $9.3B | ||
| Q3 24 | $3.9B | $9.2B | ||
| Q2 24 | $3.7B | $9.6B | ||
| Q1 24 | $3.9B | $9.1B |
净利润BGCHSCP
| Q4 25 | $95.0M | $260.5M | ||
| Q3 25 | $166.0M | $196.7M | ||
| Q2 25 | $354.0M | $232.2M | ||
| Q1 25 | $201.0M | $-75.8M | ||
| Q4 24 | $602.0M | $244.8M | ||
| Q3 24 | $221.0M | $111.8M | ||
| Q2 24 | $70.0M | $297.3M | ||
| Q1 24 | $244.0M | $170.3M |
毛利率BGCHSCP
| Q4 25 | 20.7% | 4.4% | ||
| Q3 25 | 24.3% | 2.5% | ||
| Q2 25 | 18.4% | 3.4% | ||
| Q1 25 | 16.3% | 2.4% | ||
| Q4 24 | 27.0% | 4.3% | ||
| Q3 24 | 19.9% | 3.0% | ||
| Q2 24 | 17.8% | 4.9% | ||
| Q1 24 | 22.2% | 4.0% |
营业利润率BGCHSCP
| Q4 25 | 1.8% | 1.4% | ||
| Q3 25 | 6.2% | 0.4% | ||
| Q2 25 | 12.3% | 0.7% | ||
| Q1 25 | 7.8% | -5.4% | ||
| Q4 24 | 18.3% | 1.5% | ||
| Q3 24 | 8.3% | -0.3% | ||
| Q2 24 | 2.8% | 1.6% | ||
| Q1 24 | 9.4% | 0.7% |
净利率BGCHSCP
| Q4 25 | 1.9% | 2.9% | ||
| Q3 25 | 3.8% | 1.5% | ||
| Q2 25 | 8.8% | 2.4% | ||
| Q1 25 | 5.5% | -2.4% | ||
| Q4 24 | 15.0% | 2.6% | ||
| Q3 24 | 5.7% | 1.2% | ||
| Q2 24 | 1.9% | 3.1% | ||
| Q1 24 | 6.2% | 1.9% |
每股收益（稀释后）BGCHSCP
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $0.84 | — | ||
| Q2 25 | $2.61 | — | ||
| Q1 25 | $1.48 | — | ||
| Q4 24 | $4.27 | — | ||
| Q3 24 | $1.56 | — | ||
| Q2 24 | $0.48 | — | ||
| Q1 24 | $1.68 | — |
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 | $374.7M |
| 总债务越低越好 | $10.2B | $1.7B |
| 股东权益账面价值 | $15.9B | $11.2B |
| 总资产 | $44.5B | $20.7B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资BGCHSCP
| Q4 25 | $2.0B | $374.7M | ||
| Q3 25 | $3.2B | $327.8M | ||
| Q2 25 | $7.1B | $323.9M | ||
| Q1 25 | $3.9B | $433.3M | ||
| Q4 24 | $3.8B | $795.6M | ||
| Q3 24 | $3.0B | $1.3B | ||
| Q2 24 | $1.3B | $310.1M | ||
| Q1 24 | $3.1B | $633.3M |
总债务BGCHSCP
| Q4 25 | $10.2B | $1.7B | ||
| Q3 25 | $11.1B | $1.7B | ||
| Q2 25 | $7.7B | $1.8B | ||
| Q1 25 | $5.4B | $1.8B | ||
| Q4 24 | $5.4B | $1.8B | ||
| Q3 24 | $5.4B | $1.8B | ||
| Q2 24 | $4.1B | $1.7B | ||
| Q1 24 | $4.1B | $1.7B |
股东权益BGCHSCP
| Q4 25 | $15.9B | $11.2B | ||
| Q3 25 | $15.8B | $11.1B | ||
| Q2 25 | $10.9B | $10.8B | ||
| Q1 25 | $10.6B | $10.7B | ||
| Q4 24 | $9.9B | $10.8B | ||
| Q3 24 | $10.1B | $10.8B | ||
| Q2 24 | $10.0B | $10.9B | ||
| Q1 24 | $10.6B | $10.8B |
总资产BGCHSCP
| Q4 25 | $44.5B | $20.7B | ||
| Q3 25 | $46.3B | $18.9B | ||
| Q2 25 | $31.2B | $19.7B | ||
| Q1 25 | $26.7B | $20.1B | ||
| Q4 24 | $24.9B | $19.6B | ||
| Q3 24 | $25.3B | $18.7B | ||
| Q2 24 | $24.4B | $18.5B | ||
| Q1 24 | $25.8B | $19.2B |
负债/权益比BGCHSCP
| Q4 25 | 0.64× | 0.16× | ||
| Q3 25 | 0.71× | 0.16× | ||
| Q2 25 | 0.71× | 0.17× | ||
| Q1 25 | 0.51× | 0.17× | ||
| Q4 24 | 0.54× | 0.17× | ||
| Q3 24 | 0.54× | 0.17× | ||
| Q2 24 | 0.41× | 0.15× | ||
| Q1 24 | 0.39× | 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 | $1.3B | $-337.8M |
| 自由现金流经营现金流 - 资本支出 | $809.0M | $-453.8M |
| 自由现金流率自由现金流/营收 | 16.6% | -5.1% |
| 资本支出强度资本支出/营收 | 11.0% | 1.3% |
| 现金转化率经营现金流/净利润 | 14.18× | -1.30× |
| 过去12个月自由现金流最近4个季度 | $-879.0M | $-60.0M |
8季度趋势，按日历期对齐
经营现金流BGCHSCP
| Q4 25 | $1.3B | $-337.8M | ||
| Q3 25 | $854.0M | $1.3B | ||
| Q2 25 | $-1.1B | $696.6M | ||
| Q1 25 | $-285.0M | $-1.0B | ||
| Q4 24 | $1.1B | $-294.0M | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $-1.5B | $556.9M | ||
| Q1 24 | $994.0M | $-249.6M |
自由现金流BGCHSCP
| Q4 25 | $809.0M | $-453.8M | ||
| Q3 25 | $385.0M | $1.1B | ||
| Q2 25 | $-1.5B | $520.6M | ||
| Q1 25 | $-595.0M | $-1.2B | ||
| Q4 24 | $564.0M | $-486.6M | ||
| Q3 24 | $973.0M | $845.8M | ||
| Q2 24 | $-1.8B | $361.6M | ||
| Q1 24 | $758.0M | $-453.3M |
自由现金流率BGCHSCP
| Q4 25 | 16.6% | -5.1% | ||
| Q3 25 | 8.8% | 8.1% | ||
| Q2 25 | -36.8% | 5.3% | ||
| Q1 25 | -16.2% | -38.1% | ||
| Q4 24 | 14.1% | -5.2% | ||
| Q3 24 | 25.1% | 9.2% | ||
| Q2 24 | -47.4% | 3.8% | ||
| Q1 24 | 19.2% | -5.0% |
资本支出强度BGCHSCP
| Q4 25 | 11.0% | 1.3% | ||
| Q3 25 | 10.7% | 1.5% | ||
| Q2 25 | 10.1% | 1.8% | ||
| Q1 25 | 8.5% | 5.2% | ||
| Q4 24 | 12.2% | 2.1% | ||
| Q3 24 | 9.1% | 2.9% | ||
| Q2 24 | 8.0% | 2.0% | ||
| Q1 24 | 6.0% | 2.2% |
现金转化率BGCHSCP
| Q4 25 | 14.18× | -1.30× | ||
| Q3 25 | 5.14× | 6.46× | ||
| Q2 25 | -3.03× | 3.00× | ||
| Q1 25 | -1.42× | — | ||
| Q4 24 | 1.75× | -1.20× | ||
| Q3 24 | 6.00× | 9.96× | ||
| Q2 24 | -21.06× | 1.87× | ||
| Q1 24 | 4.07× | -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
BG
| Other Oilseeds Processing And Refining | $4.6B | 95% |
| Other | $251.0M | 5% |
| Other Products | $3.0M | 0% |
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% |
