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邦吉（BG）与MARZETTI CO（MZTI）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MARZETTI CO的9.4倍（$4.9B vs $518.0M）。MARZETTI CO净利率更高（11.4% vs 1.9%，领先9.5%）。邦吉同比增速更快（22.2% vs 1.7%）。邦吉自由现金流更多（$809.0M vs $70.9M）。过去两年邦吉的营收复合增速更高（11.3% vs 4.8%）
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。
T.马泽蒂公司是兰开斯特殖民地集团旗下的特色食品事业部，生产沙拉酱、果蔬蘸酱、冷冻烘焙食品及多款特色品牌产品，是俄亥俄州中部规模最大的食品饮料企业之一，总部位于俄亥俄州韦斯特维尔，由特蕾莎·马泽蒂创立。
BG vs MZTI — 直观对比
营收规模更大
BG
是对方的9.4倍
$518.0M
营收增速更快
BG
高出20.5%
1.7%
净利率更高
MZTI
高出9.5%
1.9%
自由现金流更多
BG
多$738.1M
$70.9M
两年增速更快
BG
近两年复合增速
4.8%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $518.0M |
| 净利润 | $95.0M | $59.1M |
| 毛利率 | 20.7% | 26.5% |
| 营业利润率 | 1.8% | 14.5% |
| 净利率 | 1.9% | 11.4% |
| 营收同比 | 22.2% | 1.7% |
| 净利润同比 | -84.2% | 20.6% |
| 每股收益（稀释后） | $-0.02 | $2.15 |
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BGMZTI
| Q4 25 | $4.9B | $518.0M | ||
| Q3 25 | $4.4B | $493.5M | ||
| Q2 25 | $4.0B | $475.4M | ||
| Q1 25 | $3.7B | $457.8M | ||
| Q4 24 | $4.0B | $509.3M | ||
| Q3 24 | $3.9B | $466.6M | ||
| Q2 24 | $3.7B | $452.8M | ||
| Q1 24 | $3.9B | $471.4M |
净利润BGMZTI
| Q4 25 | $95.0M | $59.1M | ||
| Q3 25 | $166.0M | $47.2M | ||
| Q2 25 | $354.0M | $32.5M | ||
| Q1 25 | $201.0M | $41.1M | ||
| Q4 24 | $602.0M | $49.0M | ||
| Q3 24 | $221.0M | $44.7M | ||
| Q2 24 | $70.0M | $34.8M | ||
| Q1 24 | $244.0M | $28.4M |
毛利率BGMZTI
| Q4 25 | 20.7% | 26.5% | ||
| Q3 25 | 24.3% | 24.1% | ||
| Q2 25 | 18.4% | 22.3% | ||
| Q1 25 | 16.3% | 23.1% | ||
| Q4 24 | 27.0% | 26.1% | ||
| Q3 24 | 19.9% | 23.8% | ||
| Q2 24 | 17.8% | 21.6% | ||
| Q1 24 | 22.2% | 22.2% |
营业利润率BGMZTI
| Q4 25 | 1.8% | 14.5% | ||
| Q3 25 | 6.2% | 12.0% | ||
| Q2 25 | 12.3% | 8.2% | ||
| Q1 25 | 7.8% | 10.9% | ||
| Q4 24 | 18.3% | 14.9% | ||
| Q3 24 | 8.3% | 12.0% | ||
| Q2 24 | 2.8% | 9.2% | ||
| Q1 24 | 9.4% | 7.5% |
净利率BGMZTI
| Q4 25 | 1.9% | 11.4% | ||
| Q3 25 | 3.8% | 9.6% | ||
| Q2 25 | 8.8% | 6.8% | ||
| Q1 25 | 5.5% | 9.0% | ||
| Q4 24 | 15.0% | 9.6% | ||
| Q3 24 | 5.7% | 9.6% | ||
| Q2 24 | 1.9% | 7.7% | ||
| Q1 24 | 6.2% | 6.0% |
每股收益（稀释后）BGMZTI
| Q4 25 | $-0.02 | $2.15 | ||
| Q3 25 | $0.84 | $1.71 | ||
| Q2 25 | $2.61 | $1.18 | ||
| Q1 25 | $1.48 | $1.49 | ||
| Q4 24 | $4.27 | $1.78 | ||
| Q3 24 | $1.56 | $1.62 | ||
| Q2 24 | $0.48 | $1.27 | ||
| Q1 24 | $1.68 | $1.03 |
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 | $201.6M |
| 总债务越低越好 | $10.2B | — |
| 股东权益账面价值 | $15.9B | $1.0B |
| 总资产 | $44.5B | $1.3B |
| 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BGMZTI
| Q4 25 | $2.0B | $201.6M | ||
| Q3 25 | $3.2B | $182.2M | ||
| Q2 25 | $7.1B | $161.5M | ||
| Q1 25 | $3.9B | $124.6M | ||
| Q4 24 | $3.8B | $203.1M | ||
| Q3 24 | $3.0B | $135.1M | ||
| Q2 24 | $1.3B | $163.4M | ||
| Q1 24 | $3.1B | $164.8M |
总债务BGMZTI
| 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BGMZTI
| Q4 25 | $15.9B | $1.0B | ||
| Q3 25 | $15.8B | $1.0B | ||
| Q2 25 | $10.9B | $998.5M | ||
| Q1 25 | $10.6B | $996.2M | ||
| Q4 24 | $9.9B | $979.9M | ||
| Q3 24 | $10.1B | $945.1M | ||
| Q2 24 | $10.0B | $925.8M | ||
| Q1 24 | $10.6B | $912.9M |
总资产BGMZTI
| Q4 25 | $44.5B | $1.3B | ||
| Q3 25 | $46.3B | $1.3B | ||
| Q2 25 | $31.2B | $1.3B | ||
| Q1 25 | $26.7B | $1.3B | ||
| Q4 24 | $24.9B | $1.2B | ||
| Q3 24 | $25.3B | $1.2B | ||
| Q2 24 | $24.4B | $1.2B | ||
| Q1 24 | $25.8B | $1.2B |
负债/权益比BGMZTI
| 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 | $88.6M |
| 自由现金流经营现金流 - 资本支出 | $809.0M | $70.9M |
| 自由现金流率自由现金流/营收 | 16.6% | 13.7% |
| 资本支出强度资本支出/营收 | 11.0% | 3.4% |
| 现金转化率经营现金流/净利润 | 14.18× | 1.50× |
| 过去12个月自由现金流最近4个季度 | $-879.0M | $229.5M |
8季度趋势，按日历期对齐
经营现金流BGMZTI
| Q4 25 | $1.3B | $88.6M | ||
| Q3 25 | $854.0M | $69.5M | ||
| Q2 25 | $-1.1B | $88.2M | ||
| Q1 25 | $-285.0M | $45.8M | ||
| Q4 24 | $1.1B | $107.6M | ||
| Q3 24 | $1.3B | $19.9M | ||
| Q2 24 | $-1.5B | $34.1M | ||
| Q1 24 | $994.0M | $75.9M |
自由现金流BGMZTI
| Q4 25 | $809.0M | $70.9M | ||
| Q3 25 | $385.0M | $53.9M | ||
| Q2 25 | $-1.5B | $73.9M | ||
| Q1 25 | $-595.0M | $30.8M | ||
| Q4 24 | $564.0M | $96.6M | ||
| Q3 24 | $973.0M | $2.3M | ||
| Q2 24 | $-1.8B | $18.5M | ||
| Q1 24 | $758.0M | $61.1M |
自由现金流率BGMZTI
| Q4 25 | 16.6% | 13.7% | ||
| Q3 25 | 8.8% | 10.9% | ||
| Q2 25 | -36.8% | 15.5% | ||
| Q1 25 | -16.2% | 6.7% | ||
| Q4 24 | 14.1% | 19.0% | ||
| Q3 24 | 25.1% | 0.5% | ||
| Q2 24 | -47.4% | 4.1% | ||
| Q1 24 | 19.2% | 13.0% |
资本支出强度BGMZTI
| Q4 25 | 11.0% | 3.4% | ||
| Q3 25 | 10.7% | 3.2% | ||
| Q2 25 | 10.1% | 3.0% | ||
| Q1 25 | 8.5% | 3.3% | ||
| Q4 24 | 12.2% | 2.2% | ||
| Q3 24 | 9.1% | 3.8% | ||
| Q2 24 | 8.0% | 3.4% | ||
| Q1 24 | 6.0% | 3.2% |
现金转化率BGMZTI
| Q4 25 | 14.18× | 1.50× | ||
| Q3 25 | 5.14× | 1.47× | ||
| Q2 25 | -3.03× | 2.71× | ||
| Q1 25 | -1.42× | 1.11× | ||
| Q4 24 | 1.75× | 2.20× | ||
| Q3 24 | 6.00× | 0.45× | ||
| Q2 24 | -21.06× | 0.98× | ||
| Q1 24 | 4.07× | 2.68× |
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% |
MZTI
| National Accounts | $177.4M | 34% |
| Dressings And Sauces | $169.5M | 33% |
| Frozen Breads And Other | $62.7M | 12% |
| Branded And Other | $54.8M | 11% |
| Refrigerated Dressings Dips And Other | $46.2M | 9% |
| Other Dressings And Sauces For TSA | $8.2M | 2% |
