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邦吉（BG）与冬海集团（SE）财务数据对比。点击上方公司名可切换其他公司
冬海集团的季度营收约是邦吉的4.7倍（$22.9B vs $4.9B），冬海集团净利率更高（7.0% vs 1.9%，领先5.1%），冬海集团同比增速更快（363.4% vs 22.2%），过去两年冬海集团的营收复合增速更高（147.8% vs 11.3%）
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。
冬海集团（Sea Ltd）是总部位于新加坡的科技综合集团，于纽约证券交易所上市，2024年营收达168亿美元。旗下拥有游戏品牌Garena、数字金融服务品牌Monee，以及东南亚规模最大的电商平台Shopee，业务覆盖数字娱乐、金融科技、电子商务三大核心领域。
BG vs SE — 直观对比
营收规模更大
SE
是对方的4.7倍
$4.9B
营收增速更快
SE
高出341.2%
22.2%
净利率更高
SE
高出5.1%
1.9%
两年增速更快
SE
近两年复合增速
11.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $22.9B |
| 净利润 | $95.0M | $1.6B |
| 毛利率 | 20.7% | 44.7% |
| 营业利润率 | 1.8% | 8.7% |
| 净利率 | 1.9% | 7.0% |
| 营收同比 | 22.2% | 363.4% |
| 净利润同比 | -84.2% | — |
| 每股收益（稀释后） | $-0.02 | $2.52 |
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BGSE
| Q4 25 | $4.9B | $22.9B | ||
| Q3 25 | $4.4B | $6.0B | ||
| Q2 25 | $4.0B | $5.3B | ||
| Q1 25 | $3.7B | $4.8B | ||
| Q4 24 | $4.0B | $5.0B | ||
| Q3 24 | $3.9B | $4.3B | ||
| Q2 24 | $3.7B | $3.8B | ||
| Q1 24 | $3.9B | $3.7B |
净利润BGSE
| Q4 25 | $95.0M | $1.6B | ||
| Q3 25 | $166.0M | $375.0M | ||
| Q2 25 | $354.0M | $414.2M | ||
| Q1 25 | $201.0M | $-7.8M | ||
| Q4 24 | $602.0M | — | ||
| Q3 24 | $221.0M | — | ||
| Q2 24 | $70.0M | — | ||
| Q1 24 | $244.0M | $-23.0M |
毛利率BGSE
| Q4 25 | 20.7% | 44.7% | ||
| Q3 25 | 24.3% | 43.4% | ||
| Q2 25 | 18.4% | 45.8% | ||
| Q1 25 | 16.3% | 46.2% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 17.8% | — | ||
| Q1 24 | 22.2% | 41.6% |
营业利润率BGSE
| Q4 25 | 1.8% | 8.7% | ||
| Q3 25 | 6.2% | 8.0% | ||
| Q2 25 | 12.3% | 9.3% | ||
| Q1 25 | 7.8% | 9.4% | ||
| Q4 24 | 18.3% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 9.4% | 1.9% |
净利率BGSE
| Q4 25 | 1.9% | 7.0% | ||
| Q3 25 | 3.8% | 6.3% | ||
| Q2 25 | 8.8% | 7.9% | ||
| Q1 25 | 5.5% | -0.2% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 6.2% | -0.6% |
每股收益（稀释后）BGSE
| Q4 25 | $-0.02 | $2.52 | ||
| Q3 25 | $0.84 | $0.59 | ||
| Q2 25 | $2.61 | $0.65 | ||
| Q1 25 | $1.48 | $0.65 | ||
| 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 | $10.6B |
| 总债务越低越好 | $10.2B | — |
| 股东权益账面价值 | $15.9B | $12.6B |
| 总资产 | $44.5B | $29.4B |
| 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BGSE
| Q4 25 | $2.0B | $10.6B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $7.1B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.8B | $8.6B | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $3.1B | — |
总债务BGSE
| 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BGSE
| Q4 25 | $15.9B | $12.6B | ||
| Q3 25 | $15.8B | — | ||
| Q2 25 | $10.9B | — | ||
| Q1 25 | $10.6B | — | ||
| Q4 24 | $9.9B | $8.4B | ||
| Q3 24 | $10.1B | — | ||
| Q2 24 | $10.0B | — | ||
| Q1 24 | $10.6B | — |
总资产BGSE
| Q4 25 | $44.5B | $29.4B | ||
| Q3 25 | $46.3B | — | ||
| Q2 25 | $31.2B | — | ||
| Q1 25 | $26.7B | — | ||
| Q4 24 | $24.9B | $22.6B | ||
| Q3 24 | $25.3B | — | ||
| Q2 24 | $24.4B | — | ||
| Q1 24 | $25.8B | — |
负债/权益比BGSE
| 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 | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $809.0M | — |
| 自由现金流率自由现金流/营收 | 16.6% | — |
| 资本支出强度资本支出/营收 | 11.0% | — |
| 现金转化率经营现金流/净利润 | 14.18× | 3.12× |
| 过去12个月自由现金流最近4个季度 | $-879.0M | — |
8季度趋势，按日历期对齐
经营现金流BGSE
| Q4 25 | $1.3B | $5.0B | ||
| Q3 25 | $854.0M | $3.5B | ||
| Q2 25 | $-1.1B | $2.4B | ||
| Q1 25 | $-285.0M | $756.9M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $-1.5B | — | ||
| Q1 24 | $994.0M | $468.5M |
自由现金流BGSE
| Q4 25 | $809.0M | — | ||
| Q3 25 | $385.0M | — | ||
| Q2 25 | $-1.5B | — | ||
| Q1 25 | $-595.0M | — | ||
| Q4 24 | $564.0M | — | ||
| Q3 24 | $973.0M | — | ||
| Q2 24 | $-1.8B | — | ||
| Q1 24 | $758.0M | — |
自由现金流率BGSE
| Q4 25 | 16.6% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | -36.8% | — | ||
| Q1 25 | -16.2% | — | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | -47.4% | — | ||
| Q1 24 | 19.2% | — |
资本支出强度BGSE
| Q4 25 | 11.0% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | 12.2% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 6.0% | — |
现金转化率BGSE
| Q4 25 | 14.18× | 3.12× | ||
| Q3 25 | 5.14× | 9.46× | ||
| Q2 25 | -3.03× | 5.73× | ||
| Q1 25 | -1.42× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 6.00× | — | ||
| Q2 24 | -21.06× | — | ||
| Q1 24 | 4.07× | — |
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% |
SE
暂无分部数据
