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邦吉（BG）与好时（HSY）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好时的1.6倍（$4.9B vs $3.1B）。好时净利率更高（10.4% vs 1.9%，领先8.4%）。邦吉同比增速更快（22.2% vs 7.0%）。邦吉自由现金流更多（$809.0M vs $788.5M）。过去两年邦吉的营收复合增速更高（11.3% vs -2.5%）
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。
好时公司是总部位于美国宾夕法尼亚州好时镇的跨国糖果企业，也是全球最大的巧克力生产商之一，由米尔顿·S·好时于1894年创立。公司除核心巧克力产品外，还生产饼干、蛋糕等烘焙食品，同时销售奶昔等多类饮品，产品覆盖多个食品品类。
BG vs HSY — 直观对比
营收规模更大
BG
是对方的1.6倍
$3.1B
营收增速更快
BG
高出15.1%
7.0%
净利率更高
HSY
高出8.4%
1.9%
自由现金流更多
BG
多$20.5M
$788.5M
两年增速更快
BG
近两年复合增速
-2.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $3.1B |
| 净利润 | $95.0M | $320.0M |
| 毛利率 | 20.7% | 37.0% |
| 营业利润率 | 1.8% | 14.4% |
| 净利率 | 1.9% | 10.4% |
| 营收同比 | 22.2% | 7.0% |
| 净利润同比 | -84.2% | -59.8% |
| 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BGHSY
| Q4 25 | $4.9B | $3.1B | ||
| Q3 25 | $4.4B | $3.2B | ||
| Q2 25 | $4.0B | $2.6B | ||
| Q1 25 | $3.7B | $2.8B | ||
| Q4 24 | $4.0B | $2.9B | ||
| Q3 24 | $3.9B | $3.0B | ||
| Q2 24 | $3.7B | $2.1B | ||
| Q1 24 | $3.9B | $3.3B |
净利润BGHSY
| Q4 25 | $95.0M | $320.0M | ||
| Q3 25 | $166.0M | $276.3M | ||
| Q2 25 | $354.0M | $62.7M | ||
| Q1 25 | $201.0M | $224.2M | ||
| Q4 24 | $602.0M | $796.6M | ||
| Q3 24 | $221.0M | $446.3M | ||
| Q2 24 | $70.0M | $180.9M | ||
| Q1 24 | $244.0M | $797.5M |
毛利率BGHSY
| Q4 25 | 20.7% | 37.0% | ||
| Q3 25 | 24.3% | 32.6% | ||
| Q2 25 | 18.4% | 30.5% | ||
| Q1 25 | 16.3% | 33.7% | ||
| Q4 24 | 27.0% | 54.0% | ||
| Q3 24 | 19.9% | 41.3% | ||
| Q2 24 | 17.8% | 40.2% | ||
| Q1 24 | 22.2% | 51.5% |
营业利润率BGHSY
| Q4 25 | 1.8% | 14.4% | ||
| Q3 25 | 6.2% | 13.7% | ||
| Q2 25 | 12.3% | 7.4% | ||
| Q1 25 | 7.8% | 13.2% | ||
| Q4 24 | 18.3% | 32.5% | ||
| Q3 24 | 8.3% | 20.5% | ||
| Q2 24 | 2.8% | 13.9% | ||
| Q1 24 | 9.4% | 32.5% |
净利率BGHSY
| Q4 25 | 1.9% | 10.4% | ||
| Q3 25 | 3.8% | 8.7% | ||
| Q2 25 | 8.8% | 2.4% | ||
| Q1 25 | 5.5% | 8.0% | ||
| Q4 24 | 15.0% | 27.6% | ||
| Q3 24 | 5.7% | 14.9% | ||
| Q2 24 | 1.9% | 8.7% | ||
| Q1 24 | 6.2% | 24.5% |
每股收益（稀释后）BGHSY
| 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 | — |
| 总债务越低越好 | $10.2B | $4.7B |
| 股东权益账面价值 | $15.9B | $4.6B |
| 总资产 | $44.5B | $13.7B |
| 负债/权益比越低杠杆越低 | 0.64× | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资BGHSY
| Q4 25 | $2.0B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $7.1B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $3.1B | — |
总债务BGHSY
| Q4 25 | $10.2B | $4.7B | ||
| Q3 25 | $11.1B | $4.7B | ||
| Q2 25 | $7.7B | $5.2B | ||
| Q1 25 | $5.4B | $5.2B | ||
| Q4 24 | $5.4B | $3.2B | ||
| Q3 24 | $5.4B | $3.2B | ||
| Q2 24 | $4.1B | $3.5B | ||
| Q1 24 | $4.1B | $3.8B |
股东权益BGHSY
| Q4 25 | $15.9B | $4.6B | ||
| Q3 25 | $15.8B | $4.6B | ||
| Q2 25 | $10.9B | $4.5B | ||
| Q1 25 | $10.6B | $4.7B | ||
| Q4 24 | $9.9B | $4.7B | ||
| Q3 24 | $10.1B | $4.2B | ||
| Q2 24 | $10.0B | $4.0B | ||
| Q1 24 | $10.6B | $4.1B |
总资产BGHSY
| Q4 25 | $44.5B | $13.7B | ||
| Q3 25 | $46.3B | $13.6B | ||
| Q2 25 | $31.2B | $13.6B | ||
| Q1 25 | $26.7B | $14.0B | ||
| Q4 24 | $24.9B | $12.9B | ||
| Q3 24 | $25.3B | $12.6B | ||
| Q2 24 | $24.4B | $12.4B | ||
| Q1 24 | $25.8B | $12.4B |
负债/权益比BGHSY
| Q4 25 | 0.64× | 1.01× | ||
| Q3 25 | 0.71× | 1.02× | ||
| Q2 25 | 0.71× | 1.15× | ||
| Q1 25 | 0.51× | 1.11× | ||
| Q4 24 | 0.54× | 0.68× | ||
| Q3 24 | 0.54× | 0.76× | ||
| Q2 24 | 0.41× | 0.87× | ||
| Q1 24 | 0.39× | 0.92× |
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 | $926.6M |
| 自由现金流经营现金流 - 资本支出 | $809.0M | $788.5M |
| 自由现金流率自由现金流/营收 | 16.6% | 25.5% |
| 资本支出强度资本支出/营收 | 11.0% | 4.5% |
| 现金转化率经营现金流/净利润 | 14.18× | 2.90× |
| 过去12个月自由现金流最近4个季度 | $-879.0M | $1.8B |
8季度趋势，按日历期对齐
经营现金流BGHSY
| Q4 25 | $1.3B | $926.6M | ||
| Q3 25 | $854.0M | $841.9M | ||
| Q2 25 | $-1.1B | $112.2M | ||
| Q1 25 | $-285.0M | $396.7M | ||
| Q4 24 | $1.1B | $941.6M | ||
| Q3 24 | $1.3B | $695.3M | ||
| Q2 24 | $-1.5B | $325.6M | ||
| Q1 24 | $994.0M | $569.1M |
自由现金流BGHSY
| Q4 25 | $809.0M | $788.5M | ||
| Q3 25 | $385.0M | $756.0M | ||
| Q2 25 | $-1.5B | $27.1M | ||
| Q1 25 | $-595.0M | $251.2M | ||
| Q4 24 | $564.0M | $807.1M | ||
| Q3 24 | $973.0M | $567.3M | ||
| Q2 24 | $-1.8B | $195.5M | ||
| Q1 24 | $758.0M | $355.8M |
自由现金流率BGHSY
| Q4 25 | 16.6% | 25.5% | ||
| Q3 25 | 8.8% | 23.8% | ||
| Q2 25 | -36.8% | 1.0% | ||
| Q1 25 | -16.2% | 9.0% | ||
| Q4 24 | 14.1% | 28.0% | ||
| Q3 24 | 25.1% | 19.0% | ||
| Q2 24 | -47.4% | 9.4% | ||
| Q1 24 | 19.2% | 10.9% |
资本支出强度BGHSY
| Q4 25 | 11.0% | 4.5% | ||
| Q3 25 | 10.7% | 2.7% | ||
| Q2 25 | 10.1% | 3.3% | ||
| Q1 25 | 8.5% | 5.2% | ||
| Q4 24 | 12.2% | 4.7% | ||
| Q3 24 | 9.1% | 4.3% | ||
| Q2 24 | 8.0% | 6.3% | ||
| Q1 24 | 6.0% | 6.6% |
现金转化率BGHSY
| Q4 25 | 14.18× | 2.90× | ||
| Q3 25 | 5.14× | 3.05× | ||
| Q2 25 | -3.03× | 1.79× | ||
| Q1 25 | -1.42× | 1.77× | ||
| Q4 24 | 1.75× | 1.18× | ||
| Q3 24 | 6.00× | 1.56× | ||
| Q2 24 | -21.06× | 1.80× | ||
| Q1 24 | 4.07× | 0.71× |
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% |
HSY
暂无分部数据
