vs
B&G Foods, Inc.（BGS）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是B&G Foods, Inc.的2.0倍（$862.2M vs $439.3M），美泰净利率更高（7.1% vs -4.4%，领先11.4%），美泰同比增速更快（4.3% vs -4.7%），B&G Foods, Inc.自由现金流更多（$-70.7M vs $-88.1M），过去两年美泰的营收复合增速更高（-10.6% vs -12.8%）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
BGS vs MAT — 直观对比
营收规模更大
MAT
是对方的2.0倍
$439.3M
营收增速更快
MAT
高出9.0%
-4.7%
净利率更高
MAT
高出11.4%
-4.4%
自由现金流更多
BGS
多$17.4M
$-88.1M
两年增速更快
MAT
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $862.2M |
| 净利润 | $-19.1M | $61.0M |
| 毛利率 | 22.5% | 44.9% |
| 营业利润率 | 2.5% | — |
| 净利率 | -4.4% | 7.1% |
| 营收同比 | -4.7% | 4.3% |
| 净利润同比 | -356.5% | 251.4% |
| 每股收益（稀释后） | $-0.24 | $0.20 |
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BGSMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $439.3M | $1.7B | ||
| Q2 25 | $424.4M | $1.0B | ||
| Q1 25 | $425.4M | $826.6M | ||
| Q4 24 | $551.6M | $1.6B | ||
| Q3 24 | $461.1M | $1.8B | ||
| Q2 24 | $444.6M | $1.1B |
净利润BGSMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | — | $106.2M | ||
| Q3 25 | $-19.1M | $278.4M | ||
| Q2 25 | $-9.8M | $53.4M | ||
| Q1 25 | $835.0K | $-40.3M | ||
| Q4 24 | $-222.4M | $140.9M | ||
| Q3 24 | $7.5M | $372.4M | ||
| Q2 24 | $3.9M | $56.9M |
毛利率BGSMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | 22.5% | 50.0% | ||
| Q2 25 | 20.5% | 50.9% | ||
| Q1 25 | 21.2% | 49.4% | ||
| Q4 24 | 21.5% | 50.7% | ||
| Q3 24 | 22.2% | 53.1% | ||
| Q2 24 | 20.7% | 49.2% |
营业利润率BGSMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | 2.5% | 21.9% | ||
| Q2 25 | 5.2% | 7.7% | ||
| Q1 25 | 8.4% | -6.4% | ||
| Q4 24 | -46.6% | 9.6% | ||
| Q3 24 | 11.1% | 26.5% | ||
| Q2 24 | 9.9% | 7.7% |
净利率BGSMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | -4.4% | 16.0% | ||
| Q2 25 | -2.3% | 5.2% | ||
| Q1 25 | 0.2% | -4.9% | ||
| Q4 24 | -40.3% | 8.6% | ||
| Q3 24 | 1.6% | 20.2% | ||
| Q2 24 | 0.9% | 5.3% |
每股收益（稀释后）BGSMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | — | $0.32 | ||
| Q3 25 | $-0.24 | $0.88 | ||
| Q2 25 | $-0.12 | $0.16 | ||
| Q1 25 | $0.01 | $-0.12 | ||
| Q4 24 | $-2.81 | $0.40 | ||
| Q3 24 | $0.09 | $1.09 | ||
| Q2 24 | $0.05 | $0.17 |
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 | $60.9M | $866.0M |
| 总债务越低越好 | $2.0B | $2.3B |
| 股东权益账面价值 | $470.7M | $2.1B |
| 总资产 | $2.9B | $6.3B |
| 负债/权益比越低杠杆越低 | 4.30× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资BGSMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $60.9M | $691.9M | ||
| Q2 25 | $54.1M | $870.5M | ||
| Q1 25 | $61.2M | $1.2B | ||
| Q4 24 | $50.6M | $1.4B | ||
| Q3 24 | $54.7M | $723.5M | ||
| Q2 24 | $40.3M | $722.4M |
总债务BGSMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $2.0B | $2.3B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $2.0B | $2.3B | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $2.0B | $2.3B |
股东权益BGSMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | $470.7M | $2.3B | ||
| Q2 25 | $501.4M | $2.2B | ||
| Q1 25 | $513.1M | $2.1B | ||
| Q4 24 | $524.8M | $2.3B | ||
| Q3 24 | $755.3M | $2.3B | ||
| Q2 24 | $765.0M | $2.0B |
总资产BGSMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | — | $6.6B | ||
| Q3 25 | $2.9B | $6.6B | ||
| Q2 25 | $2.9B | $6.2B | ||
| Q1 25 | $3.0B | $6.2B | ||
| Q4 24 | $3.0B | $6.5B | ||
| Q3 24 | $3.4B | $6.5B | ||
| Q2 24 | $3.4B | $5.9B |
负债/权益比BGSMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | 4.30× | 1.03× | ||
| Q2 25 | 3.97× | 1.08× | ||
| Q1 25 | 3.91× | 1.10× | ||
| Q4 24 | 3.85× | 1.03× | ||
| Q3 24 | 2.75× | 1.01× | ||
| Q2 24 | 2.67× | 1.18× |
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 | $-64.6M | — |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $-88.1M |
| 自由现金流率自由现金流/营收 | -16.1% | -10.2% |
| 资本支出强度资本支出/营收 | 1.4% | 7.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $54.8M | — |
8季度趋势，按日历期对齐
经营现金流BGSMAT
| Q1 26 | — | — | ||
| Q4 25 | — | $796.6M | ||
| Q3 25 | $-64.6M | $72.0M | ||
| Q2 25 | $17.8M | $-300.1M | ||
| Q1 25 | $52.7M | $24.8M | ||
| Q4 24 | $80.3M | $862.1M | ||
| Q3 24 | $4.2M | $155.8M | ||
| Q2 24 | $11.3M | $-252.9M |
自由现金流BGSMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $-70.7M | — | ||
| Q2 25 | $11.5M | — | ||
| Q1 25 | $42.4M | — | ||
| Q4 24 | $71.7M | — | ||
| Q3 24 | $-679.0K | — | ||
| Q2 24 | $5.2M | — |
自由现金流率BGSMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | -16.1% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | -0.1% | — | ||
| Q2 24 | 1.2% | — |
资本支出强度BGSMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 1.4% | — |
现金转化率BGSMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | -5.62× | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | 0.56× | 0.42× | ||
| Q2 24 | 2.87× | -4.45× |
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
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
MAT
暂无分部数据
