vs
邦吉（BG）与盖璞（GAP）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盖璞的1.2倍（$4.9B vs $3.9B），盖璞净利率更高（6.0% vs 1.9%，领先4.0%），邦吉同比增速更快（22.2% vs 3.0%），邦吉自由现金流更多（$809.0M vs $153.0M），过去两年邦吉的营收复合增速更高（11.3% vs -4.2%）
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。
盖璞（Gap Inc.）是总部位于美国加利福尼亚州旧金山的跨国服饰零售商，1969年由唐纳德·费舍尔与多丽丝·费舍尔创立，旗下拥有Gap、Banana Republic、Old Navy、Athleta四大核心品牌，是美国最大的服饰零售商之一，全球门店数量位列全球第三，仅次于Inditex集团和H&M。
BG vs GAP — 直观对比
营收规模更大
BG
是对方的1.2倍
$3.9B
营收增速更快
BG
高出19.2%
3.0%
净利率更高
GAP
高出4.0%
1.9%
自由现金流更多
BG
多$656.0M
$153.0M
两年增速更快
BG
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $3.9B |
| 净利润 | $95.0M | $236.0M |
| 毛利率 | 20.7% | 42.4% |
| 营业利润率 | 1.8% | 8.5% |
| 净利率 | 1.9% | 6.0% |
| 营收同比 | 22.2% | 3.0% |
| 净利润同比 | -84.2% | -13.9% |
| 每股收益（稀释后） | $-0.02 | $0.62 |
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BGGAP
| Q4 25 | $4.9B | $3.9B | ||
| Q3 25 | $4.4B | $3.7B | ||
| Q2 25 | $4.0B | $3.5B | ||
| Q1 25 | $3.7B | $4.1B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $3.9B | $3.7B | ||
| Q2 24 | $3.7B | $3.4B | ||
| Q1 24 | $3.9B | $4.3B |
净利润BGGAP
| Q4 25 | $95.0M | $236.0M | ||
| Q3 25 | $166.0M | $216.0M | ||
| Q2 25 | $354.0M | $193.0M | ||
| Q1 25 | $201.0M | $206.0M | ||
| Q4 24 | $602.0M | $274.0M | ||
| Q3 24 | $221.0M | $206.0M | ||
| Q2 24 | $70.0M | $158.0M | ||
| Q1 24 | $244.0M | $185.0M |
毛利率BGGAP
| Q4 25 | 20.7% | 42.4% | ||
| Q3 25 | 24.3% | 41.2% | ||
| Q2 25 | 18.4% | 41.8% | ||
| Q1 25 | 16.3% | 38.9% | ||
| Q4 24 | 27.0% | 42.7% | ||
| Q3 24 | 19.9% | 42.6% | ||
| Q2 24 | 17.8% | 41.2% | ||
| Q1 24 | 22.2% | 38.9% |
营业利润率BGGAP
| Q4 25 | 1.8% | 8.5% | ||
| Q3 25 | 6.2% | 7.8% | ||
| Q2 25 | 12.3% | 7.5% | ||
| Q1 25 | 7.8% | 6.2% | ||
| Q4 24 | 18.3% | 9.3% | ||
| Q3 24 | 8.3% | 7.9% | ||
| Q2 24 | 2.8% | 6.1% | ||
| Q1 24 | 9.4% | 5.0% |
净利率BGGAP
| Q4 25 | 1.9% | 6.0% | ||
| Q3 25 | 3.8% | 5.8% | ||
| Q2 25 | 8.8% | 5.6% | ||
| Q1 25 | 5.5% | 5.0% | ||
| Q4 24 | 15.0% | 7.2% | ||
| Q3 24 | 5.7% | 5.5% | ||
| Q2 24 | 1.9% | 4.7% | ||
| Q1 24 | 6.2% | 4.3% |
每股收益（稀释后）BGGAP
| Q4 25 | $-0.02 | $0.62 | ||
| Q3 25 | $0.84 | $0.57 | ||
| Q2 25 | $2.61 | $0.51 | ||
| Q1 25 | $1.48 | $0.53 | ||
| Q4 24 | $4.27 | $0.72 | ||
| Q3 24 | $1.56 | $0.54 | ||
| Q2 24 | $0.48 | $0.41 | ||
| Q1 24 | $1.68 | $0.49 |
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 | $2.5B |
| 总债务越低越好 | $10.2B | — |
| 股东权益账面价值 | $15.9B | $3.6B |
| 总资产 | $44.5B | $12.4B |
| 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BGGAP
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $3.2B | $2.4B | ||
| Q2 25 | $7.1B | $2.2B | ||
| Q1 25 | $3.9B | $2.6B | ||
| Q4 24 | $3.8B | $2.2B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $3.1B | $1.9B |
总债务BGGAP
| 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BGGAP
| Q4 25 | $15.9B | $3.6B | ||
| Q3 25 | $15.8B | $3.4B | ||
| Q2 25 | $10.9B | $3.3B | ||
| Q1 25 | $10.6B | $3.3B | ||
| Q4 24 | $9.9B | $3.1B | ||
| Q3 24 | $10.1B | $2.9B | ||
| Q2 24 | $10.0B | $2.7B | ||
| Q1 24 | $10.6B | $2.6B |
总资产BGGAP
| Q4 25 | $44.5B | $12.4B | ||
| Q3 25 | $46.3B | $12.1B | ||
| Q2 25 | $31.2B | $11.6B | ||
| Q1 25 | $26.7B | $11.9B | ||
| Q4 24 | $24.9B | $11.9B | ||
| Q3 24 | $25.3B | $11.5B | ||
| Q2 24 | $24.4B | $10.9B | ||
| Q1 24 | $25.8B | $11.0B |
负债/权益比BGGAP
| 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 | $299.0M |
| 自由现金流经营现金流 - 资本支出 | $809.0M | $153.0M |
| 自由现金流率自由现金流/营收 | 16.6% | 3.9% |
| 资本支出强度资本支出/营收 | 11.0% | 3.7% |
| 现金转化率经营现金流/净利润 | 14.18× | 1.27× |
| 过去12个月自由现金流最近4个季度 | $-879.0M | $779.0M |
8季度趋势，按日历期对齐
经营现金流BGGAP
| Q4 25 | $1.3B | $299.0M | ||
| Q3 25 | $854.0M | $448.0M | ||
| Q2 25 | $-1.1B | $-140.0M | ||
| Q1 25 | $-285.0M | $616.0M | ||
| Q4 24 | $1.1B | $291.0M | ||
| Q3 24 | $1.3B | $549.0M | ||
| Q2 24 | $-1.5B | $30.0M | ||
| Q1 24 | $994.0M | $700.0M |
自由现金流BGGAP
| Q4 25 | $809.0M | $153.0M | ||
| Q3 25 | $385.0M | $350.0M | ||
| Q2 25 | $-1.5B | $-223.0M | ||
| Q1 25 | $-595.0M | $499.0M | ||
| Q4 24 | $564.0M | $143.0M | ||
| Q3 24 | $973.0M | $460.0M | ||
| Q2 24 | $-1.8B | $-63.0M | ||
| Q1 24 | $758.0M | $568.0M |
自由现金流率BGGAP
| Q4 25 | 16.6% | 3.9% | ||
| Q3 25 | 8.8% | 9.4% | ||
| Q2 25 | -36.8% | -6.4% | ||
| Q1 25 | -16.2% | 12.0% | ||
| Q4 24 | 14.1% | 3.7% | ||
| Q3 24 | 25.1% | 12.4% | ||
| Q2 24 | -47.4% | -1.9% | ||
| Q1 24 | 19.2% | 13.2% |
资本支出强度BGGAP
| Q4 25 | 11.0% | 3.7% | ||
| Q3 25 | 10.7% | 2.6% | ||
| Q2 25 | 10.1% | 2.4% | ||
| Q1 25 | 8.5% | 2.8% | ||
| Q4 24 | 12.2% | 3.9% | ||
| Q3 24 | 9.1% | 2.4% | ||
| Q2 24 | 8.0% | 2.7% | ||
| Q1 24 | 6.0% | 3.1% |
现金转化率BGGAP
| Q4 25 | 14.18× | 1.27× | ||
| Q3 25 | 5.14× | 2.07× | ||
| Q2 25 | -3.03× | -0.73× | ||
| Q1 25 | -1.42× | 2.99× | ||
| Q4 24 | 1.75× | 1.06× | ||
| Q3 24 | 6.00× | 2.67× | ||
| Q2 24 | -21.06× | 0.19× | ||
| Q1 24 | 4.07× | 3.78× |
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% |
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
