vs
B&G Foods, Inc.（BGS）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是B&G Foods, Inc.的1.9倍（$851.9M vs $439.3M），美森净利率更高（16.8% vs -4.4%，领先21.2%），美森同比增速更快（-4.3% vs -4.7%），美森自由现金流更多（$42.2M vs $-70.7M），过去两年美森的营收复合增速更高（8.6% 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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
BGS vs MATX — 直观对比
营收规模更大
MATX
是对方的1.9倍
$439.3M
营收增速更快
MATX
高出0.4%
-4.7%
净利率更高
MATX
高出21.2%
-4.4%
自由现金流更多
MATX
多$112.9M
$-70.7M
两年增速更快
MATX
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $851.9M |
| 净利润 | $-19.1M | $143.1M |
| 毛利率 | 22.5% | — |
| 营业利润率 | 2.5% | 16.9% |
| 净利率 | -4.4% | 16.8% |
| 营收同比 | -4.7% | -4.3% |
| 净利润同比 | -356.5% | 11.8% |
| 每股收益（稀释后） | $-0.24 | $4.47 |
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BGSMATX
| Q4 25 | — | $851.9M | ||
| Q3 25 | $439.3M | $880.1M | ||
| Q2 25 | $424.4M | $830.5M | ||
| Q1 25 | $425.4M | $782.0M | ||
| Q4 24 | $551.6M | $890.3M | ||
| Q3 24 | $461.1M | $962.0M | ||
| Q2 24 | $444.6M | $847.4M | ||
| Q1 24 | $475.2M | $722.1M |
净利润BGSMATX
| Q4 25 | — | $143.1M | ||
| Q3 25 | $-19.1M | $134.7M | ||
| Q2 25 | $-9.8M | $94.7M | ||
| Q1 25 | $835.0K | $72.3M | ||
| Q4 24 | $-222.4M | $128.0M | ||
| Q3 24 | $7.5M | $199.1M | ||
| Q2 24 | $3.9M | $113.2M | ||
| Q1 24 | $-40.2M | $36.1M |
毛利率BGSMATX
| Q4 25 | — | — | ||
| Q3 25 | 22.5% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 20.7% | — | ||
| Q1 24 | 22.9% | — |
营业利润率BGSMATX
| Q4 25 | — | 16.9% | ||
| Q3 25 | 2.5% | 18.3% | ||
| Q2 25 | 5.2% | 13.6% | ||
| Q1 25 | 8.4% | 10.5% | ||
| Q4 24 | -46.6% | 16.6% | ||
| Q3 24 | 11.1% | 25.2% | ||
| Q2 24 | 9.9% | 14.7% | ||
| Q1 24 | -3.3% | 5.1% |
净利率BGSMATX
| Q4 25 | — | 16.8% | ||
| Q3 25 | -4.4% | 15.3% | ||
| Q2 25 | -2.3% | 11.4% | ||
| Q1 25 | 0.2% | 9.2% | ||
| Q4 24 | -40.3% | 14.4% | ||
| Q3 24 | 1.6% | 20.7% | ||
| Q2 24 | 0.9% | 13.4% | ||
| Q1 24 | -8.5% | 5.0% |
每股收益（稀释后）BGSMATX
| Q4 25 | — | $4.47 | ||
| Q3 25 | $-0.24 | $4.24 | ||
| Q2 25 | $-0.12 | $2.92 | ||
| Q1 25 | $0.01 | $2.18 | ||
| Q4 24 | $-2.81 | $3.69 | ||
| Q3 24 | $0.09 | $5.89 | ||
| Q2 24 | $0.05 | $3.31 | ||
| Q1 24 | $-0.51 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | $2.0B | $361.2M |
| 股东权益账面价值 | $470.7M | $2.8B |
| 总资产 | $2.9B | $4.6B |
| 负债/权益比越低杠杆越低 | 4.30× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资BGSMATX
| Q4 25 | — | $141.9M | ||
| Q3 25 | $60.9M | $92.7M | ||
| Q2 25 | $54.1M | $59.1M | ||
| Q1 25 | $61.2M | $122.0M | ||
| Q4 24 | $50.6M | $266.8M | ||
| Q3 24 | $54.7M | $270.3M | ||
| Q2 24 | $40.3M | $168.2M | ||
| Q1 24 | $42.5M | $25.9M |
总债务BGSMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | $2.0B | $370.9M | ||
| Q2 25 | $2.0B | $341.3M | ||
| Q1 25 | $2.0B | $351.1M | ||
| Q4 24 | $2.0B | $361.2M | ||
| Q3 24 | $2.1B | $370.9M | ||
| Q2 24 | $2.0B | $381.0M | ||
| Q1 24 | $2.0B | $390.8M |
股东权益BGSMATX
| Q4 25 | — | $2.8B | ||
| Q3 25 | $470.7M | $2.7B | ||
| Q2 25 | $501.4M | $2.6B | ||
| Q1 25 | $513.1M | $2.6B | ||
| Q4 24 | $524.8M | $2.7B | ||
| Q3 24 | $755.3M | $2.6B | ||
| Q2 24 | $765.0M | $2.4B | ||
| Q1 24 | $781.2M | $2.4B |
总资产BGSMATX
| Q4 25 | — | $4.6B | ||
| Q3 25 | $2.9B | $4.6B | ||
| Q2 25 | $2.9B | $4.5B | ||
| Q1 25 | $3.0B | $4.5B | ||
| Q4 24 | $3.0B | $4.6B | ||
| Q3 24 | $3.4B | $4.4B | ||
| Q2 24 | $3.4B | $4.3B | ||
| Q1 24 | $3.4B | $4.2B |
负债/权益比BGSMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | 4.30× | 0.14× | ||
| Q2 25 | 3.97× | 0.13× | ||
| Q1 25 | 3.91× | 0.13× | ||
| Q4 24 | 3.85× | 0.14× | ||
| Q3 24 | 2.75× | 0.15× | ||
| Q2 24 | 2.67× | 0.16× | ||
| Q1 24 | 2.61× | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $42.2M |
| 自由现金流率自由现金流/营收 | -16.1% | 5.0% |
| 资本支出强度资本支出/营收 | 1.4% | 15.8% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | $54.8M | $153.7M |
8季度趋势，按日历期对齐
经营现金流BGSMATX
| Q4 25 | — | $176.9M | ||
| Q3 25 | $-64.6M | $175.6M | ||
| Q2 25 | $17.8M | $105.6M | ||
| Q1 25 | $52.7M | $89.0M | ||
| Q4 24 | $80.3M | $174.7M | ||
| Q3 24 | $4.2M | $248.6M | ||
| Q2 24 | $11.3M | $307.9M | ||
| Q1 24 | $35.1M | $36.6M |
自由现金流BGSMATX
| Q4 25 | — | $42.2M | ||
| Q3 25 | $-70.7M | $92.4M | ||
| Q2 25 | $11.5M | $19.3M | ||
| Q1 25 | $42.4M | $-200.0K | ||
| Q4 24 | $71.7M | $49.3M | ||
| Q3 24 | $-679.0K | $189.0M | ||
| Q2 24 | $5.2M | $238.1M | ||
| Q1 24 | $27.5M | $-18.7M |
自由现金流率BGSMATX
| Q4 25 | — | 5.0% | ||
| Q3 25 | -16.1% | 10.5% | ||
| Q2 25 | 2.7% | 2.3% | ||
| Q1 25 | 10.0% | -0.0% | ||
| Q4 24 | 13.0% | 5.5% | ||
| Q3 24 | -0.1% | 19.6% | ||
| Q2 24 | 1.2% | 28.1% | ||
| Q1 24 | 5.8% | -2.6% |
资本支出强度BGSMATX
| Q4 25 | — | 15.8% | ||
| Q3 25 | 1.4% | 9.5% | ||
| Q2 25 | 1.5% | 10.4% | ||
| Q1 25 | 2.4% | 11.4% | ||
| Q4 24 | 1.6% | 14.1% | ||
| Q3 24 | 1.0% | 6.2% | ||
| Q2 24 | 1.4% | 8.2% | ||
| Q1 24 | 1.6% | 7.7% |
现金转化率BGSMATX
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | 63.17× | 1.23× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | 0.56× | 1.25× | ||
| Q2 24 | 2.87× | 2.72× | ||
| Q1 24 | — | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
