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B&G Foods, Inc.（BGS）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是B&G Foods, Inc.的1.8倍（$805.0M vs $439.3M），B&G Foods, Inc.净利率更高（-4.4% vs -5.9%，领先1.5%），摩丁制造同比增速更快（30.5% vs -4.7%），摩丁制造自由现金流更多（$-17.1M vs $-70.7M），过去两年摩丁制造的营收复合增速更高（15.5% 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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
BGS vs MOD — 直观对比
营收规模更大
MOD
是对方的1.8倍
$439.3M
营收增速更快
MOD
高出35.2%
-4.7%
净利率更高
BGS
高出1.5%
-5.9%
自由现金流更多
MOD
多$53.6M
$-70.7M
两年增速更快
MOD
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $805.0M |
| 净利润 | $-19.1M | $-47.4M |
| 毛利率 | 22.5% | 23.1% |
| 营业利润率 | 2.5% | 11.1% |
| 净利率 | -4.4% | -5.9% |
| 营收同比 | -4.7% | 30.5% |
| 净利润同比 | -356.5% | -215.6% |
| 每股收益（稀释后） | $-0.24 | $-0.90 |
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BGSMOD
| Q4 25 | — | $805.0M | ||
| Q3 25 | $439.3M | $738.9M | ||
| Q2 25 | $424.4M | $682.8M | ||
| Q1 25 | $425.4M | $647.2M | ||
| Q4 24 | $551.6M | $616.8M | ||
| Q3 24 | $461.1M | $658.0M | ||
| Q2 24 | $444.6M | $661.5M | ||
| Q1 24 | $475.2M | $603.5M |
净利润BGSMOD
| Q4 25 | — | $-47.4M | ||
| Q3 25 | $-19.1M | $44.4M | ||
| Q2 25 | $-9.8M | $51.2M | ||
| Q1 25 | $835.0K | $49.6M | ||
| Q4 24 | $-222.4M | $41.0M | ||
| Q3 24 | $7.5M | $46.1M | ||
| Q2 24 | $3.9M | $47.3M | ||
| Q1 24 | $-40.2M | $25.8M |
毛利率BGSMOD
| Q4 25 | — | 23.1% | ||
| Q3 25 | 22.5% | 22.3% | ||
| Q2 25 | 20.5% | 24.2% | ||
| Q1 25 | 21.2% | 25.6% | ||
| Q4 24 | 21.5% | 24.3% | ||
| Q3 24 | 22.2% | 25.2% | ||
| Q2 24 | 20.7% | 24.6% | ||
| Q1 24 | 22.9% | 22.4% |
营业利润率BGSMOD
| Q4 25 | — | 11.1% | ||
| Q3 25 | 2.5% | 9.9% | ||
| Q2 25 | 5.2% | 11.1% | ||
| Q1 25 | 8.4% | 11.5% | ||
| Q4 24 | -46.6% | 9.6% | ||
| Q3 24 | 11.1% | 11.4% | ||
| Q2 24 | 9.9% | 11.2% | ||
| Q1 24 | -3.3% | 7.8% |
净利率BGSMOD
| Q4 25 | — | -5.9% | ||
| Q3 25 | -4.4% | 6.0% | ||
| Q2 25 | -2.3% | 7.5% | ||
| Q1 25 | 0.2% | 7.7% | ||
| Q4 24 | -40.3% | 6.6% | ||
| Q3 24 | 1.6% | 7.0% | ||
| Q2 24 | 0.9% | 7.2% | ||
| Q1 24 | -8.5% | 4.3% |
每股收益（稀释后）BGSMOD
| Q4 25 | — | $-0.90 | ||
| Q3 25 | $-0.24 | $0.83 | ||
| Q2 25 | $-0.12 | $0.95 | ||
| Q1 25 | $0.01 | $0.92 | ||
| Q4 24 | $-2.81 | $0.76 | ||
| Q3 24 | $0.09 | $0.86 | ||
| Q2 24 | $0.05 | $0.88 | ||
| Q1 24 | $-0.51 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | $2.0B | $570.7M |
| 股东权益账面价值 | $470.7M | $1.1B |
| 总资产 | $2.9B | $2.5B |
| 负债/权益比越低杠杆越低 | 4.30× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资BGSMOD
| Q4 25 | — | $98.7M | ||
| Q3 25 | $60.9M | $83.8M | ||
| Q2 25 | $54.1M | $124.5M | ||
| Q1 25 | $61.2M | $71.6M | ||
| Q4 24 | $50.6M | $83.8M | ||
| Q3 24 | $54.7M | $78.6M | ||
| Q2 24 | $40.3M | $72.9M | ||
| Q1 24 | $42.5M | $60.1M |
总债务BGSMOD
| Q4 25 | — | $570.7M | ||
| Q3 25 | $2.0B | $525.8M | ||
| Q2 25 | $2.0B | $482.1M | ||
| Q1 25 | $2.0B | $296.7M | ||
| Q4 24 | $2.0B | $330.0M | ||
| Q3 24 | $2.1B | $359.1M | ||
| Q2 24 | $2.0B | $405.7M | ||
| Q1 24 | $2.0B | $399.9M |
股东权益BGSMOD
| Q4 25 | — | $1.1B | ||
| Q3 25 | $470.7M | $1.1B | ||
| Q2 25 | $501.4M | $1.0B | ||
| Q1 25 | $513.1M | $910.2M | ||
| Q4 24 | $524.8M | $855.1M | ||
| Q3 24 | $755.3M | $858.8M | ||
| Q2 24 | $765.0M | $788.4M | ||
| Q1 24 | $781.2M | $747.6M |
总资产BGSMOD
| Q4 25 | — | $2.5B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $2.9B | $2.2B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $3.4B | $1.9B | ||
| Q2 24 | $3.4B | $1.9B | ||
| Q1 24 | $3.4B | $1.9B |
负债/权益比BGSMOD
| Q4 25 | — | 0.51× | ||
| Q3 25 | 4.30× | 0.50× | ||
| Q2 25 | 3.97× | 0.48× | ||
| Q1 25 | 3.91× | 0.33× | ||
| Q4 24 | 3.85× | 0.39× | ||
| Q3 24 | 2.75× | 0.42× | ||
| Q2 24 | 2.67× | 0.51× | ||
| Q1 24 | 2.61× | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $-17.1M |
| 自由现金流率自由现金流/营收 | -16.1% | -2.1% |
| 资本支出强度资本支出/营收 | 1.4% | 5.2% |
| 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 | $-20.3M |
8季度趋势，按日历期对齐
经营现金流BGSMOD
| Q4 25 | — | $24.7M | ||
| Q3 25 | $-64.6M | $1.4M | ||
| Q2 25 | $17.8M | $27.7M | ||
| Q1 25 | $52.7M | $54.8M | ||
| Q4 24 | $80.3M | $60.7M | ||
| Q3 24 | $4.2M | $57.3M | ||
| Q2 24 | $11.3M | $40.5M | ||
| Q1 24 | $35.1M | $39.6M |
自由现金流BGSMOD
| Q4 25 | — | $-17.1M | ||
| Q3 25 | $-70.7M | $-30.5M | ||
| Q2 25 | $11.5M | $200.0K | ||
| Q1 25 | $42.4M | $27.1M | ||
| Q4 24 | $71.7M | $44.7M | ||
| Q3 24 | $-679.0K | $43.8M | ||
| Q2 24 | $5.2M | $13.7M | ||
| Q1 24 | $27.5M | $-4.3M |
自由现金流率BGSMOD
| Q4 25 | — | -2.1% | ||
| Q3 25 | -16.1% | -4.1% | ||
| Q2 25 | 2.7% | 0.0% | ||
| Q1 25 | 10.0% | 4.2% | ||
| Q4 24 | 13.0% | 7.2% | ||
| Q3 24 | -0.1% | 6.7% | ||
| Q2 24 | 1.2% | 2.1% | ||
| Q1 24 | 5.8% | -0.7% |
资本支出强度BGSMOD
| Q4 25 | — | 5.2% | ||
| Q3 25 | 1.4% | 4.3% | ||
| Q2 25 | 1.5% | 4.0% | ||
| Q1 25 | 2.4% | 4.3% | ||
| Q4 24 | 1.6% | 2.6% | ||
| Q3 24 | 1.0% | 2.1% | ||
| Q2 24 | 1.4% | 4.1% | ||
| Q1 24 | 1.6% | 7.3% |
现金转化率BGSMOD
| Q4 25 | — | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | 63.17× | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 0.56× | 1.24× | ||
| Q2 24 | 2.87× | 0.86× | ||
| Q1 24 | — | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
