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邦吉（BG）与西部数据（WDC）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西部数据的1.6倍（$4.9B vs $3.0B），西部数据净利率更高（61.1% vs 1.9%，领先59.1%），西部数据同比增速更快（31.5% vs 22.2%），过去两年邦吉的营收复合增速更高（11.3% vs -6.6%）
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。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
BG vs WDC — 直观对比
营收规模更大
BG
是对方的1.6倍
$3.0B
营收增速更快
WDC
高出9.3%
22.2%
净利率更高
WDC
高出59.1%
1.9%
两年增速更快
BG
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $3.0B |
| 净利润 | $95.0M | $1.8B |
| 毛利率 | 20.7% | 45.7% |
| 营业利润率 | 1.8% | 30.1% |
| 净利率 | 1.9% | 61.1% |
| 营收同比 | 22.2% | 31.5% |
| 净利润同比 | -84.2% | 254.2% |
| 每股收益（稀释后） | $-0.02 | $4.73 |
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BGWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $4.9B | $2.8B | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.0B | $-1.2B | ||
| Q1 25 | $3.7B | $2.3B | ||
| Q4 24 | $4.0B | $4.3B | ||
| Q3 24 | $3.9B | $4.1B | ||
| Q2 24 | $3.7B | $3.8B |
净利润BGWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $95.0M | $1.2B | ||
| Q3 25 | $166.0M | — | ||
| Q2 25 | $354.0M | $282.0M | ||
| Q1 25 | $201.0M | $520.0M | ||
| Q4 24 | $602.0M | $594.0M | ||
| Q3 24 | $221.0M | $493.0M | ||
| Q2 24 | $70.0M | $39.0M |
毛利率BGWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | 20.7% | 43.5% | ||
| Q3 25 | 24.3% | — | ||
| Q2 25 | 18.4% | — | ||
| Q1 25 | 16.3% | 39.8% | ||
| Q4 24 | 27.0% | 35.4% | ||
| Q3 24 | 19.9% | 37.9% | ||
| Q2 24 | 17.8% | 35.9% |
营业利润率BGWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 1.8% | 28.1% | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | 12.3% | — | ||
| Q1 25 | 7.8% | 33.1% | ||
| Q4 24 | 18.3% | 19.9% | ||
| Q3 24 | 8.3% | 18.1% | ||
| Q2 24 | 2.8% | 5.7% |
净利率BGWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 1.9% | 41.9% | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 8.8% | -24.4% | ||
| Q1 25 | 5.5% | 22.7% | ||
| Q4 24 | 15.0% | 13.9% | ||
| Q3 24 | 5.7% | 12.0% | ||
| Q2 24 | 1.9% | 1.0% |
每股收益（稀释后）BGWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $-0.02 | $3.07 | ||
| Q3 25 | $0.84 | — | ||
| Q2 25 | $2.61 | $0.72 | ||
| Q1 25 | $1.48 | $1.42 | ||
| Q4 24 | $4.27 | $1.63 | ||
| Q3 24 | $1.56 | $1.35 | ||
| Q2 24 | $0.48 | $0.15 |
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 | $2.0B |
| 总债务越低越好 | $10.2B | $4.7B |
| 股东权益账面价值 | $15.9B | $7.1B |
| 总资产 | $44.5B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资BGWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.0B | $2.0B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $7.1B | $2.1B | ||
| Q1 25 | $3.9B | $3.5B | ||
| Q4 24 | $3.8B | $2.3B | ||
| Q3 24 | $3.0B | $1.7B | ||
| Q2 24 | $1.3B | $1.9B |
总债务BGWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | $10.2B | $4.7B | ||
| Q3 25 | $11.1B | — | ||
| Q2 25 | $7.7B | $4.7B | ||
| Q1 25 | $5.4B | $7.3B | ||
| Q4 24 | $5.4B | $7.4B | ||
| Q3 24 | $5.4B | $7.4B | ||
| Q2 24 | $4.1B | $7.4B |
股东权益BGWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $15.9B | $5.9B | ||
| Q3 25 | $15.8B | — | ||
| Q2 25 | $10.9B | $5.3B | ||
| Q1 25 | $10.6B | $5.2B | ||
| Q4 24 | $9.9B | $12.1B | ||
| Q3 24 | $10.1B | $11.6B | ||
| Q2 24 | $10.0B | $10.8B |
总资产BGWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $44.5B | $14.4B | ||
| Q3 25 | $46.3B | — | ||
| Q2 25 | $31.2B | $14.0B | ||
| Q1 25 | $26.7B | $16.4B | ||
| Q4 24 | $24.9B | $25.5B | ||
| Q3 24 | $25.3B | $24.8B | ||
| Q2 24 | $24.4B | $24.2B |
负债/权益比BGWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | 0.64× | 0.80× | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.71× | 0.89× | ||
| Q1 25 | 0.51× | 1.42× | ||
| Q4 24 | 0.54× | 0.61× | ||
| Q3 24 | 0.54× | 0.64× | ||
| Q2 24 | 0.41× | 0.69× |
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 | — |
| 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BGWDC
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $672.0M | ||
| Q3 25 | $854.0M | — | ||
| Q2 25 | $-1.1B | $746.0M | ||
| Q1 25 | $-285.0M | $508.0M | ||
| Q4 24 | $1.1B | $403.0M | ||
| Q3 24 | $1.3B | $34.0M | ||
| Q2 24 | $-1.5B | $366.0M |
自由现金流BGWDC
| Q1 26 | — | — | ||
| Q4 25 | $809.0M | $599.0M | ||
| Q3 25 | $385.0M | — | ||
| Q2 25 | $-1.5B | $675.0M | ||
| Q1 25 | $-595.0M | $379.0M | ||
| Q4 24 | $564.0M | $287.0M | ||
| Q3 24 | $973.0M | $-62.0M | ||
| Q2 24 | $-1.8B | $250.0M |
自由现金流率BGWDC
| Q1 26 | — | — | ||
| Q4 25 | 16.6% | 21.3% | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | -36.8% | -58.5% | ||
| Q1 25 | -16.2% | 16.5% | ||
| Q4 24 | 14.1% | 6.7% | ||
| Q3 24 | 25.1% | -1.5% | ||
| Q2 24 | -47.4% | 6.6% |
资本支出强度BGWDC
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 2.6% | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 10.1% | -6.2% | ||
| Q1 25 | 8.5% | 5.6% | ||
| Q4 24 | 12.2% | 2.7% | ||
| Q3 24 | 9.1% | 2.3% | ||
| Q2 24 | 8.0% | 3.1% |
现金转化率BGWDC
| Q1 26 | — | — | ||
| Q4 25 | 14.18× | 0.57× | ||
| Q3 25 | 5.14× | — | ||
| Q2 25 | -3.03× | 2.65× | ||
| Q1 25 | -1.42× | 0.98× | ||
| Q4 24 | 1.75× | 0.68× | ||
| Q3 24 | 6.00× | 0.07× | ||
| Q2 24 | -21.06× | 9.38× |
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% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
