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邦吉（BG）与HF Sinclair Corp（DINO）财务数据对比。点击上方公司名可切换其他公司
HF Sinclair Corp的季度营收约是邦吉的1.3倍（$6.5B vs $4.9B），邦吉净利率更高（1.9% vs -0.4%，领先2.4%），邦吉同比增速更快（22.2% vs -0.6%），邦吉自由现金流更多（$809.0M vs $-123.0M），过去两年邦吉的营收复合增速更高（11.3% vs -4.1%）
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。
HF Sinclair是总部位于美国得克萨斯州达拉斯的能源企业，主要从事汽油、柴油、航空燃油、可再生柴油、特种润滑油、特种化学品、特种改性沥青等多类能源化工产品的生产与销售。
BG vs DINO — 直观对比
营收规模更大
DINO
是对方的1.3倍
$4.9B
营收增速更快
BG
高出22.7%
-0.6%
净利率更高
BG
高出2.4%
-0.4%
自由现金流更多
BG
多$932.0M
$-123.0M
两年增速更快
BG
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $6.5B |
| 净利润 | $95.0M | $-28.0M |
| 毛利率 | 20.7% | — |
| 营业利润率 | 1.8% | 0.1% |
| 净利率 | 1.9% | -0.4% |
| 营收同比 | 22.2% | -0.6% |
| 净利润同比 | -84.2% | 86.9% |
| 每股收益（稀释后） | $-0.02 | $-0.15 |
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BGDINO
| Q4 25 | $4.9B | $6.5B | ||
| Q3 25 | $4.4B | $7.3B | ||
| Q2 25 | $4.0B | $6.8B | ||
| Q1 25 | $3.7B | $6.4B | ||
| Q4 24 | $4.0B | $6.5B | ||
| Q3 24 | $3.9B | $7.2B | ||
| Q2 24 | $3.7B | $7.8B | ||
| Q1 24 | $3.9B | $7.0B |
净利润BGDINO
| Q4 25 | $95.0M | $-28.0M | ||
| Q3 25 | $166.0M | $403.0M | ||
| Q2 25 | $354.0M | $208.0M | ||
| Q1 25 | $201.0M | $-4.0M | ||
| Q4 24 | $602.0M | $-213.5M | ||
| Q3 24 | $221.0M | $-75.9M | ||
| Q2 24 | $70.0M | $151.8M | ||
| Q1 24 | $244.0M | $314.7M |
毛利率BGDINO
| Q4 25 | 20.7% | — | ||
| Q3 25 | 24.3% | — | ||
| Q2 25 | 18.4% | — | ||
| Q1 25 | 16.3% | — | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 17.8% | — | ||
| Q1 24 | 22.2% | 15.7% |
营业利润率BGDINO
| Q4 25 | 1.8% | 0.1% | ||
| Q3 25 | 6.2% | 7.8% | ||
| Q2 25 | 12.3% | 4.1% | ||
| Q1 25 | 7.8% | 1.3% | ||
| Q4 24 | 18.3% | -3.5% | ||
| Q3 24 | 8.3% | -1.7% | ||
| Q2 24 | 2.8% | 2.5% | ||
| Q1 24 | 9.4% | 5.8% |
净利率BGDINO
| Q4 25 | 1.9% | -0.4% | ||
| Q3 25 | 3.8% | 5.6% | ||
| Q2 25 | 8.8% | 3.1% | ||
| Q1 25 | 5.5% | -0.1% | ||
| Q4 24 | 15.0% | -3.3% | ||
| Q3 24 | 5.7% | -1.1% | ||
| Q2 24 | 1.9% | 1.9% | ||
| Q1 24 | 6.2% | 4.5% |
每股收益（稀释后）BGDINO
| Q4 25 | $-0.02 | $-0.15 | ||
| Q3 25 | $0.84 | $2.15 | ||
| Q2 25 | $2.61 | $1.10 | ||
| Q1 25 | $1.48 | $-0.02 | ||
| Q4 24 | $4.27 | $-1.05 | ||
| Q3 24 | $1.56 | $-0.40 | ||
| Q2 24 | $0.48 | $0.79 | ||
| Q1 24 | $1.68 | $1.57 |
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 | $978.0M |
| 总债务越低越好 | $10.2B | $2.8B |
| 股东权益账面价值 | $15.9B | $9.2B |
| 总资产 | $44.5B | $16.5B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资BGDINO
| Q4 25 | $2.0B | $978.0M | ||
| Q3 25 | $3.2B | $1.5B | ||
| Q2 25 | $7.1B | $874.0M | ||
| Q1 25 | $3.9B | $547.0M | ||
| Q4 24 | $3.8B | $800.0M | ||
| Q3 24 | $3.0B | $1.2B | ||
| Q2 24 | $1.3B | $866.3M | ||
| Q1 24 | $3.1B | $1.2B |
总债务BGDINO
| Q4 25 | $10.2B | $2.8B | ||
| Q3 25 | $11.1B | $2.8B | ||
| Q2 25 | $7.7B | $2.7B | ||
| Q1 25 | $5.4B | $2.7B | ||
| Q4 24 | $5.4B | $2.6B | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.1B | — |
股东权益BGDINO
| Q4 25 | $15.9B | $9.2B | ||
| Q3 25 | $15.8B | $9.4B | ||
| Q2 25 | $10.9B | $9.3B | ||
| Q1 25 | $10.6B | $9.2B | ||
| Q4 24 | $9.9B | $9.3B | ||
| Q3 24 | $10.1B | $9.6B | ||
| Q2 24 | $10.0B | $9.9B | ||
| Q1 24 | $10.6B | $10.2B |
总资产BGDINO
| Q4 25 | $44.5B | $16.5B | ||
| Q3 25 | $46.3B | $17.3B | ||
| Q2 25 | $31.2B | $16.8B | ||
| Q1 25 | $26.7B | $16.5B | ||
| Q4 24 | $24.9B | $16.6B | ||
| Q3 24 | $25.3B | $16.9B | ||
| Q2 24 | $24.4B | $17.4B | ||
| Q1 24 | $25.8B | $17.9B |
负债/权益比BGDINO
| Q4 25 | 0.64× | 0.30× | ||
| Q3 25 | 0.71× | 0.29× | ||
| Q2 25 | 0.71× | 0.29× | ||
| Q1 25 | 0.51× | 0.29× | ||
| Q4 24 | 0.54× | 0.29× | ||
| 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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $809.0M | $-123.0M |
| 自由现金流率自由现金流/营收 | 16.6% | -1.9% |
| 资本支出强度资本支出/营收 | 11.0% | 2.0% |
| 现金转化率经营现金流/净利润 | 14.18× | — |
| 过去12个月自由现金流最近4个季度 | $-879.0M | $866.0M |
8季度趋势，按日历期对齐
经营现金流BGDINO
| Q4 25 | $1.3B | $8.0M | ||
| Q3 25 | $854.0M | $809.0M | ||
| Q2 25 | $-1.1B | $587.0M | ||
| Q1 25 | $-285.0M | $-89.0M | ||
| Q4 24 | $1.1B | $-140.4M | ||
| Q3 24 | $1.3B | $707.6M | ||
| Q2 24 | $-1.5B | $225.9M | ||
| Q1 24 | $994.0M | $316.9M |
自由现金流BGDINO
| Q4 25 | $809.0M | $-123.0M | ||
| Q3 25 | $385.0M | $688.0M | ||
| Q2 25 | $-1.5B | $476.0M | ||
| Q1 25 | $-595.0M | $-175.0M | ||
| Q4 24 | $564.0M | $-313.5M | ||
| Q3 24 | $973.0M | $584.0M | ||
| Q2 24 | $-1.8B | $141.7M | ||
| Q1 24 | $758.0M | $227.8M |
自由现金流率BGDINO
| Q4 25 | 16.6% | -1.9% | ||
| Q3 25 | 8.8% | 9.5% | ||
| Q2 25 | -36.8% | 7.0% | ||
| Q1 25 | -16.2% | -2.7% | ||
| Q4 24 | 14.1% | -4.8% | ||
| Q3 24 | 25.1% | 8.1% | ||
| Q2 24 | -47.4% | 1.8% | ||
| Q1 24 | 19.2% | 3.2% |
资本支出强度BGDINO
| Q4 25 | 11.0% | 2.0% | ||
| Q3 25 | 10.7% | 1.7% | ||
| Q2 25 | 10.1% | 1.6% | ||
| Q1 25 | 8.5% | 1.4% | ||
| Q4 24 | 12.2% | 2.7% | ||
| Q3 24 | 9.1% | 1.7% | ||
| Q2 24 | 8.0% | 1.1% | ||
| Q1 24 | 6.0% | 1.3% |
现金转化率BGDINO
| Q4 25 | 14.18× | — | ||
| Q3 25 | 5.14× | 2.01× | ||
| Q2 25 | -3.03× | 2.82× | ||
| Q1 25 | -1.42× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 6.00× | — | ||
| Q2 24 | -21.06× | 1.49× | ||
| Q1 24 | 4.07× | 1.01× |
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% |
DINO
| Transportation Fuels | $5.0B | 77% |
| Lubricants And Specialties Segment | $586.0M | 9% |
| Lubricants And Specialty Products | $531.0M | 8% |
| Crude Oil | $213.0M | 3% |
| Renewables Segment | $163.0M | 3% |
| Midstream Segment | $35.0M | 1% |
| Transportation And Logistic Services | $34.0M | 1% |
