vs
邦吉（BG）与宜瑞安（INGR）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宜瑞安的2.8倍（$4.9B vs $1.8B）。宜瑞安净利率更高（9.5% vs 1.9%，领先7.6%）。邦吉同比增速更快（22.2% vs -2.4%）。邦吉自由现金流更多（$809.0M vs $270.0M）。过去两年邦吉的营收复合增速更高（11.3% vs -3.4%）
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。
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
BG vs INGR — 直观对比
营收规模更大
BG
是对方的2.8倍
$1.8B
营收增速更快
BG
高出24.6%
-2.4%
净利率更高
INGR
高出7.6%
1.9%
自由现金流更多
BG
多$539.0M
$270.0M
两年增速更快
BG
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $1.8B |
| 净利润 | $95.0M | $167.0M |
| 毛利率 | 20.7% | 24.5% |
| 营业利润率 | 1.8% | 12.5% |
| 净利率 | 1.9% | 9.5% |
| 营收同比 | 22.2% | -2.4% |
| 净利润同比 | -84.2% | 72.2% |
| 每股收益（稀释后） | $-0.02 | $2.58 |
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BGINGR
| Q4 25 | $4.9B | $1.8B | ||
| Q3 25 | $4.4B | $1.8B | ||
| Q2 25 | $4.0B | $1.8B | ||
| Q1 25 | $3.7B | $1.8B | ||
| Q4 24 | $4.0B | $1.8B | ||
| Q3 24 | $3.9B | $1.9B | ||
| Q2 24 | $3.7B | $1.9B | ||
| Q1 24 | $3.9B | $1.9B |
净利润BGINGR
| Q4 25 | $95.0M | $167.0M | ||
| Q3 25 | $166.0M | $171.0M | ||
| Q2 25 | $354.0M | $196.0M | ||
| Q1 25 | $201.0M | $197.0M | ||
| Q4 24 | $602.0M | $97.0M | ||
| Q3 24 | $221.0M | $188.0M | ||
| Q2 24 | $70.0M | $148.0M | ||
| Q1 24 | $244.0M | $216.0M |
毛利率BGINGR
| Q4 25 | 20.7% | 24.5% | ||
| Q3 25 | 24.3% | 25.1% | ||
| Q2 25 | 18.4% | 26.0% | ||
| Q1 25 | 16.3% | 25.7% | ||
| Q4 24 | 27.0% | 24.9% | ||
| Q3 24 | 19.9% | 25.6% | ||
| Q2 24 | 17.8% | 23.7% | ||
| Q1 24 | 22.2% | 22.2% |
营业利润率BGINGR
| Q4 25 | 1.8% | 12.5% | ||
| Q3 25 | 6.2% | 13.7% | ||
| Q2 25 | 12.3% | 14.8% | ||
| Q1 25 | 7.8% | 15.2% | ||
| Q4 24 | 18.3% | 9.0% | ||
| Q3 24 | 8.3% | 14.3% | ||
| Q2 24 | 2.8% | 12.8% | ||
| Q1 24 | 9.4% | 11.3% |
净利率BGINGR
| Q4 25 | 1.9% | 9.5% | ||
| Q3 25 | 3.8% | 9.4% | ||
| Q2 25 | 8.8% | 10.7% | ||
| Q1 25 | 5.5% | 10.9% | ||
| Q4 24 | 15.0% | 5.4% | ||
| Q3 24 | 5.7% | 10.1% | ||
| Q2 24 | 1.9% | 7.9% | ||
| Q1 24 | 6.2% | 11.5% |
每股收益（稀释后）BGINGR
| Q4 25 | $-0.02 | $2.58 | ||
| Q3 25 | $0.84 | $2.61 | ||
| Q2 25 | $2.61 | $2.99 | ||
| Q1 25 | $1.48 | $3.00 | ||
| Q4 24 | $4.27 | $1.43 | ||
| Q3 24 | $1.56 | $2.83 | ||
| Q2 24 | $0.48 | $2.22 | ||
| Q1 24 | $1.68 | $3.23 |
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 | $1.0B |
| 总债务越低越好 | $10.2B | — |
| 股东权益账面价值 | $15.9B | $4.3B |
| 总资产 | $44.5B | $7.9B |
| 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BGINGR
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $3.2B | $915.0M | ||
| Q2 25 | $7.1B | $861.0M | ||
| Q1 25 | $3.9B | $837.0M | ||
| Q4 24 | $3.8B | $997.0M | ||
| Q3 24 | $3.0B | $877.0M | ||
| Q2 24 | $1.3B | $505.0M | ||
| Q1 24 | $3.1B | $438.0M |
总债务BGINGR
| 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BGINGR
| Q4 25 | $15.9B | $4.3B | ||
| Q3 25 | $15.8B | $4.2B | ||
| Q2 25 | $10.9B | $4.2B | ||
| Q1 25 | $10.6B | $4.0B | ||
| Q4 24 | $9.9B | $3.8B | ||
| Q3 24 | $10.1B | $4.0B | ||
| Q2 24 | $10.0B | $3.7B | ||
| Q1 24 | $10.6B | $3.7B |
总资产BGINGR
| Q4 25 | $44.5B | $7.9B | ||
| Q3 25 | $46.3B | $7.8B | ||
| Q2 25 | $31.2B | $7.8B | ||
| Q1 25 | $26.7B | $7.5B | ||
| Q4 24 | $24.9B | $7.4B | ||
| Q3 24 | $25.3B | $7.5B | ||
| Q2 24 | $24.4B | $7.2B | ||
| Q1 24 | $25.8B | $7.3B |
负债/权益比BGINGR
| 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 | $405.0M |
| 自由现金流经营现金流 - 资本支出 | $809.0M | $270.0M |
| 自由现金流率自由现金流/营收 | 16.6% | 15.4% |
| 资本支出强度资本支出/营收 | 11.0% | 7.7% |
| 现金转化率经营现金流/净利润 | 14.18× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $-879.0M | $511.0M |
8季度趋势，按日历期对齐
经营现金流BGINGR
| Q4 25 | $1.3B | $405.0M | ||
| Q3 25 | $854.0M | $277.0M | ||
| Q2 25 | $-1.1B | $185.0M | ||
| Q1 25 | $-285.0M | $77.0M | ||
| Q4 24 | $1.1B | $436.0M | ||
| Q3 24 | $1.3B | $479.0M | ||
| Q2 24 | $-1.5B | $312.0M | ||
| Q1 24 | $994.0M | $209.0M |
自由现金流BGINGR
| Q4 25 | $809.0M | $270.0M | ||
| Q3 25 | $385.0M | $172.0M | ||
| Q2 25 | $-1.5B | $84.0M | ||
| Q1 25 | $-595.0M | $-15.0M | ||
| Q4 24 | $564.0M | $311.0M | ||
| Q3 24 | $973.0M | $429.0M | ||
| Q2 24 | $-1.8B | $257.0M | ||
| Q1 24 | $758.0M | $144.0M |
自由现金流率BGINGR
| Q4 25 | 16.6% | 15.4% | ||
| Q3 25 | 8.8% | 9.5% | ||
| Q2 25 | -36.8% | 4.6% | ||
| Q1 25 | -16.2% | -0.8% | ||
| Q4 24 | 14.1% | 17.3% | ||
| Q3 24 | 25.1% | 22.9% | ||
| Q2 24 | -47.4% | 13.7% | ||
| Q1 24 | 19.2% | 7.7% |
资本支出强度BGINGR
| Q4 25 | 11.0% | 7.7% | ||
| Q3 25 | 10.7% | 5.8% | ||
| Q2 25 | 10.1% | 5.5% | ||
| Q1 25 | 8.5% | 5.1% | ||
| Q4 24 | 12.2% | 6.9% | ||
| Q3 24 | 9.1% | 2.7% | ||
| Q2 24 | 8.0% | 2.9% | ||
| Q1 24 | 6.0% | 3.5% |
现金转化率BGINGR
| Q4 25 | 14.18× | 2.43× | ||
| Q3 25 | 5.14× | 1.62× | ||
| Q2 25 | -3.03× | 0.94× | ||
| Q1 25 | -1.42× | 0.39× | ||
| Q4 24 | 1.75× | 4.49× | ||
| Q3 24 | 6.00× | 2.55× | ||
| Q2 24 | -21.06× | 2.11× | ||
| Q1 24 | 4.07× | 0.97× |
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% |
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
