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邦吉（BG）与STEPAN CO（SCL）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STEPAN CO的8.8倍（$4.9B vs $553.9M）。邦吉净利率更高（1.9% vs 0.9%，领先1.0%）。邦吉同比增速更快（22.2% vs 5.4%）。邦吉自由现金流更多（$809.0M vs $25.4M）。过去两年邦吉的营收复合增速更高（11.3% vs 0.2%）
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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
BG vs SCL — 直观对比
营收规模更大
BG
是对方的8.8倍
$553.9M
营收增速更快
BG
高出16.8%
5.4%
净利率更高
BG
高出1.0%
0.9%
自由现金流更多
BG
多$783.6M
$25.4M
两年增速更快
BG
近两年复合增速
0.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $553.9M |
| 净利润 | $95.0M | $5.0M |
| 毛利率 | 20.7% | 9.3% |
| 营业利润率 | 1.8% | 1.9% |
| 净利率 | 1.9% | 0.9% |
| 营收同比 | 22.2% | 5.4% |
| 净利润同比 | -84.2% | 49.4% |
| 每股收益（稀释后） | $-0.02 | $0.22 |
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BGSCL
| Q4 25 | $4.9B | $553.9M | ||
| Q3 25 | $4.4B | $590.3M | ||
| Q2 25 | $4.0B | $594.7M | ||
| Q1 25 | $3.7B | $593.3M | ||
| Q4 24 | $4.0B | $525.6M | ||
| Q3 24 | $3.9B | $546.8M | ||
| Q2 24 | $3.7B | $556.4M | ||
| Q1 24 | $3.9B | $551.4M |
净利润BGSCL
| Q4 25 | $95.0M | $5.0M | ||
| Q3 25 | $166.0M | $10.8M | ||
| Q2 25 | $354.0M | $11.3M | ||
| Q1 25 | $201.0M | $19.7M | ||
| Q4 24 | $602.0M | $3.4M | ||
| Q3 24 | $221.0M | $23.6M | ||
| Q2 24 | $70.0M | $9.5M | ||
| Q1 24 | $244.0M | $13.9M |
毛利率BGSCL
| Q4 25 | 20.7% | 9.3% | ||
| Q3 25 | 24.3% | 12.0% | ||
| Q2 25 | 18.4% | 12.1% | ||
| Q1 25 | 16.3% | 12.7% | ||
| Q4 24 | 27.0% | 10.8% | ||
| Q3 24 | 19.9% | 13.8% | ||
| Q2 24 | 17.8% | 12.5% | ||
| Q1 24 | 22.2% | 12.7% |
营业利润率BGSCL
| Q4 25 | 1.8% | 1.9% | ||
| Q3 25 | 6.2% | 3.7% | ||
| Q2 25 | 12.3% | 3.0% | ||
| Q1 25 | 7.8% | 4.8% | ||
| Q4 24 | 18.3% | 1.5% | ||
| Q3 24 | 8.3% | 4.4% | ||
| Q2 24 | 2.8% | 3.4% | ||
| Q1 24 | 9.4% | 3.7% |
净利率BGSCL
| Q4 25 | 1.9% | 0.9% | ||
| Q3 25 | 3.8% | 1.8% | ||
| Q2 25 | 8.8% | 1.9% | ||
| Q1 25 | 5.5% | 3.3% | ||
| Q4 24 | 15.0% | 0.6% | ||
| Q3 24 | 5.7% | 4.3% | ||
| Q2 24 | 1.9% | 1.7% | ||
| Q1 24 | 6.2% | 2.5% |
每股收益（稀释后）BGSCL
| Q4 25 | $-0.02 | $0.22 | ||
| Q3 25 | $0.84 | $0.47 | ||
| Q2 25 | $2.61 | $0.50 | ||
| Q1 25 | $1.48 | $0.86 | ||
| Q4 24 | $4.27 | $0.14 | ||
| Q3 24 | $1.56 | $1.03 | ||
| Q2 24 | $0.48 | $0.42 | ||
| Q1 24 | $1.68 | $0.61 |
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 | $132.7M |
| 总债务越低越好 | $10.2B | $626.7M |
| 股东权益账面价值 | $15.9B | $1.2B |
| 总资产 | $44.5B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资BGSCL
| Q4 25 | $2.0B | $132.7M | ||
| Q3 25 | $3.2B | $118.5M | ||
| Q2 25 | $7.1B | $88.9M | ||
| Q1 25 | $3.9B | $107.5M | ||
| Q4 24 | $3.8B | $99.7M | ||
| Q3 24 | $3.0B | $147.3M | ||
| Q2 24 | $1.3B | $124.7M | ||
| Q1 24 | $3.1B | $125.8M |
总债务BGSCL
| Q4 25 | $10.2B | $626.7M | ||
| Q3 25 | $11.1B | $655.5M | ||
| Q2 25 | $7.7B | $658.0M | ||
| Q1 25 | $5.4B | $659.3M | ||
| Q4 24 | $5.4B | $625.4M | ||
| Q3 24 | $5.4B | $688.5M | ||
| Q2 24 | $4.1B | $657.1M | ||
| Q1 24 | $4.1B | $646.0M |
股东权益BGSCL
| Q4 25 | $15.9B | $1.2B | ||
| Q3 25 | $15.8B | $1.2B | ||
| Q2 25 | $10.9B | $1.2B | ||
| Q1 25 | $10.6B | $1.2B | ||
| Q4 24 | $9.9B | $1.2B | ||
| Q3 24 | $10.1B | $1.2B | ||
| Q2 24 | $10.0B | $1.2B | ||
| Q1 24 | $10.6B | $1.2B |
总资产BGSCL
| Q4 25 | $44.5B | $2.4B | ||
| Q3 25 | $46.3B | $2.4B | ||
| Q2 25 | $31.2B | $2.4B | ||
| Q1 25 | $26.7B | $2.4B | ||
| Q4 24 | $24.9B | $2.3B | ||
| Q3 24 | $25.3B | $2.4B | ||
| Q2 24 | $24.4B | $2.3B | ||
| Q1 24 | $25.8B | $2.4B |
负债/权益比BGSCL
| Q4 25 | 0.64× | 0.50× | ||
| Q3 25 | 0.71× | 0.53× | ||
| Q2 25 | 0.71× | 0.53× | ||
| Q1 25 | 0.51× | 0.55× | ||
| Q4 24 | 0.54× | 0.53× | ||
| Q3 24 | 0.54× | 0.56× | ||
| Q2 24 | 0.41× | 0.55× | ||
| Q1 24 | 0.39× | 0.53× |
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 | $60.0M |
| 自由现金流经营现金流 - 资本支出 | $809.0M | $25.4M |
| 自由现金流率自由现金流/营收 | 16.6% | 4.6% |
| 资本支出强度资本支出/营收 | 11.0% | 6.3% |
| 现金转化率经营现金流/净利润 | 14.18× | 11.99× |
| 过去12个月自由现金流最近4个季度 | $-879.0M | $25.4M |
8季度趋势，按日历期对齐
经营现金流BGSCL
| Q4 25 | $1.3B | $60.0M | ||
| Q3 25 | $854.0M | $69.8M | ||
| Q2 25 | $-1.1B | $11.2M | ||
| Q1 25 | $-285.0M | $6.9M | ||
| Q4 24 | $1.1B | $68.3M | ||
| Q3 24 | $1.3B | $22.7M | ||
| Q2 24 | $-1.5B | $29.5M | ||
| Q1 24 | $994.0M | $41.6M |
自由现金流BGSCL
| Q4 25 | $809.0M | $25.4M | ||
| Q3 25 | $385.0M | $40.2M | ||
| Q2 25 | $-1.5B | $-14.4M | ||
| Q1 25 | $-595.0M | $-25.8M | ||
| Q4 24 | $564.0M | $32.1M | ||
| Q3 24 | $973.0M | $-4.0M | ||
| Q2 24 | $-1.8B | $-208.0K | ||
| Q1 24 | $758.0M | $11.4M |
自由现金流率BGSCL
| Q4 25 | 16.6% | 4.6% | ||
| Q3 25 | 8.8% | 6.8% | ||
| Q2 25 | -36.8% | -2.4% | ||
| Q1 25 | -16.2% | -4.3% | ||
| Q4 24 | 14.1% | 6.1% | ||
| Q3 24 | 25.1% | -0.7% | ||
| Q2 24 | -47.4% | -0.0% | ||
| Q1 24 | 19.2% | 2.1% |
资本支出强度BGSCL
| Q4 25 | 11.0% | 6.3% | ||
| Q3 25 | 10.7% | 5.0% | ||
| Q2 25 | 10.1% | 4.3% | ||
| Q1 25 | 8.5% | 5.5% | ||
| Q4 24 | 12.2% | 6.9% | ||
| Q3 24 | 9.1% | 4.9% | ||
| Q2 24 | 8.0% | 5.3% | ||
| Q1 24 | 6.0% | 5.5% |
现金转化率BGSCL
| Q4 25 | 14.18× | 11.99× | ||
| Q3 25 | 5.14× | 6.44× | ||
| Q2 25 | -3.03× | 0.99× | ||
| Q1 25 | -1.42× | 0.35× | ||
| Q4 24 | 1.75× | 20.38× | ||
| Q3 24 | 6.00× | 0.96× | ||
| Q2 24 | -21.06× | 3.10× | ||
| Q1 24 | 4.07× | 2.99× |
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% |
SCL
| Surfactants | $401.8M | 73% |
| Polymers | $131.7M | 24% |
| Specialty Products | $20.4M | 4% |
