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邦吉（BG）与TreeHouse Foods, Inc.（THS）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TreeHouse Foods, Inc.的5.8倍（$4.9B vs $840.3M）。邦吉净利率更高（1.9% vs -31.6%，领先33.6%）。邦吉同比增速更快（22.2% vs 0.1%）。过去两年邦吉的营收复合增速更高（11.3% vs -3.9%）
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。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
BG vs THS — 直观对比
营收规模更大
BG
是对方的5.8倍
$840.3M
营收增速更快
BG
高出22.0%
0.1%
净利率更高
BG
高出33.6%
-31.6%
两年增速更快
BG
近两年复合增速
-3.9%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $840.3M |
| 净利润 | $95.0M | $-265.8M |
| 毛利率 | 20.7% | 18.8% |
| 营业利润率 | 1.8% | -30.2% |
| 净利率 | 1.9% | -31.6% |
| 营收同比 | 22.2% | 0.1% |
| 净利润同比 | -84.2% | -7717.6% |
| 每股收益（稀释后） | $-0.02 | $-5.26 |
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BGTHS
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.4B | $840.3M | ||
| Q2 25 | $4.0B | $798.0M | ||
| Q1 25 | $3.7B | $792.0M | ||
| Q4 24 | $4.0B | $905.7M | ||
| Q3 24 | $3.9B | $839.1M | ||
| Q2 24 | $3.7B | $788.5M | ||
| Q1 24 | $3.9B | $820.7M |
净利润BGTHS
| Q4 25 | $95.0M | — | ||
| Q3 25 | $166.0M | $-265.8M | ||
| Q2 25 | $354.0M | $-2.9M | ||
| Q1 25 | $201.0M | $-31.8M | ||
| Q4 24 | $602.0M | $58.7M | ||
| Q3 24 | $221.0M | $-3.4M | ||
| Q2 24 | $70.0M | $-16.7M | ||
| Q1 24 | $244.0M | $-11.7M |
毛利率BGTHS
| Q4 25 | 20.7% | — | ||
| Q3 25 | 24.3% | 18.8% | ||
| Q2 25 | 18.4% | 17.4% | ||
| Q1 25 | 16.3% | 14.5% | ||
| Q4 24 | 27.0% | 19.5% | ||
| Q3 24 | 19.9% | 15.6% | ||
| Q2 24 | 17.8% | 16.3% | ||
| Q1 24 | 22.2% | 13.6% |
营业利润率BGTHS
| Q4 25 | 1.8% | — | ||
| Q3 25 | 6.2% | -30.2% | ||
| Q2 25 | 12.3% | 3.4% | ||
| Q1 25 | 7.8% | -0.7% | ||
| Q4 24 | 18.3% | 8.9% | ||
| Q3 24 | 8.3% | 3.8% | ||
| Q2 24 | 2.8% | -0.5% | ||
| Q1 24 | 9.4% | -0.6% |
净利率BGTHS
| Q4 25 | 1.9% | — | ||
| Q3 25 | 3.8% | -31.6% | ||
| Q2 25 | 8.8% | -0.4% | ||
| Q1 25 | 5.5% | -4.0% | ||
| Q4 24 | 15.0% | 6.5% | ||
| Q3 24 | 5.7% | -0.4% | ||
| Q2 24 | 1.9% | -2.1% | ||
| Q1 24 | 6.2% | -1.4% |
每股收益（稀释后）BGTHS
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $0.84 | $-5.26 | ||
| Q2 25 | $2.61 | $-0.06 | ||
| Q1 25 | $1.48 | $-0.63 | ||
| Q4 24 | $4.27 | $1.12 | ||
| Q3 24 | $1.56 | $-0.07 | ||
| Q2 24 | $0.48 | $-0.32 | ||
| Q1 24 | $1.68 | $-0.22 |
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 | $21.0M |
| 总债务越低越好 | $10.2B | $1.5B |
| 股东权益账面价值 | $15.9B | $1.3B |
| 总资产 | $44.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.64× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资BGTHS
| Q4 25 | $2.0B | — | ||
| Q3 25 | $3.2B | $21.0M | ||
| Q2 25 | $7.1B | $17.1M | ||
| Q1 25 | $3.9B | $16.4M | ||
| Q4 24 | $3.8B | $289.6M | ||
| Q3 24 | $3.0B | $102.0M | ||
| Q2 24 | $1.3B | $105.8M | ||
| Q1 24 | $3.1B | $191.8M |
总债务BGTHS
| Q4 25 | $10.2B | — | ||
| Q3 25 | $11.1B | $1.5B | ||
| Q2 25 | $7.7B | $1.5B | ||
| Q1 25 | $5.4B | $1.4B | ||
| Q4 24 | $5.4B | $1.4B | ||
| Q3 24 | $5.4B | $1.4B | ||
| Q2 24 | $4.1B | $1.4B | ||
| Q1 24 | $4.1B | $1.4B |
股东权益BGTHS
| Q4 25 | $15.9B | — | ||
| Q3 25 | $15.8B | $1.3B | ||
| Q2 25 | $10.9B | $1.5B | ||
| Q1 25 | $10.6B | $1.5B | ||
| Q4 24 | $9.9B | $1.5B | ||
| Q3 24 | $10.1B | $1.6B | ||
| Q2 24 | $10.0B | $1.6B | ||
| Q1 24 | $10.6B | $1.6B |
总资产BGTHS
| Q4 25 | $44.5B | — | ||
| Q3 25 | $46.3B | $3.8B | ||
| Q2 25 | $31.2B | $4.0B | ||
| Q1 25 | $26.7B | $3.9B | ||
| Q4 24 | $24.9B | $4.0B | ||
| Q3 24 | $25.3B | $4.0B | ||
| Q2 24 | $24.4B | $3.9B | ||
| Q1 24 | $25.8B | $4.0B |
负债/权益比BGTHS
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.71× | 1.18× | ||
| Q2 25 | 0.71× | 0.98× | ||
| Q1 25 | 0.51× | 0.93× | ||
| Q4 24 | 0.54× | 0.90× | ||
| Q3 24 | 0.54× | 0.90× | ||
| Q2 24 | 0.41× | 0.90× | ||
| Q1 24 | 0.39× | 0.87× |
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 | $38.2M |
| 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× | — |
| 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BGTHS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $854.0M | $38.2M | ||
| Q2 25 | $-1.1B | $-47.2M | ||
| Q1 25 | $-285.0M | $-53.5M | ||
| Q4 24 | $1.1B | $296.2M | ||
| Q3 24 | $1.3B | $41.4M | ||
| Q2 24 | $-1.5B | $-19.4M | ||
| Q1 24 | $994.0M | $-52.4M |
自由现金流BGTHS
| 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 | $-42.2M | ||
| Q1 24 | $758.0M | $-80.7M |
自由现金流率BGTHS
| 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% | -5.4% | ||
| Q1 24 | 19.2% | -9.8% |
资本支出强度BGTHS
| 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% | 2.9% | ||
| Q1 24 | 6.0% | 3.4% |
现金转化率BGTHS
| Q4 25 | 14.18× | — | ||
| Q3 25 | 5.14× | — | ||
| Q2 25 | -3.03× | — | ||
| Q1 25 | -1.42× | — | ||
| Q4 24 | 1.75× | 5.05× | ||
| 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% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
