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B&G Foods, Inc.（BGS）与SLM Corp（SLM）财务数据对比。点击上方公司名可切换其他公司
SLM Corp的季度营收约是B&G Foods, Inc.的1.3倍（$560.0M vs $439.3M），SLM Corp净利率更高（55.0% vs -4.4%，领先59.4%），过去两年SLM Corp的营收复合增速更高（22.7% 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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
BGS vs SLM — 直观对比
营收规模更大
SLM
是对方的1.3倍
$439.3M
净利率更高
SLM
高出59.4%
-4.4%
两年增速更快
SLM
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $560.0M |
| 净利润 | $-19.1M | $308.0M |
| 毛利率 | 22.5% | — |
| 营业利润率 | 2.5% | 69.6% |
| 净利率 | -4.4% | 55.0% |
| 营收同比 | -4.7% | — |
| 净利润同比 | -356.5% | 1.0% |
| 每股收益（稀释后） | $-0.24 | $1.54 |
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BGSSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | — | $377.1M | ||
| Q3 25 | $439.3M | $373.0M | ||
| Q2 25 | $424.4M | $376.8M | ||
| Q1 25 | $425.4M | $375.0M | ||
| Q4 24 | $551.6M | $362.2M | ||
| Q3 24 | $461.1M | $359.4M | ||
| Q2 24 | $444.6M | $372.2M |
净利润BGSSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | — | $233.2M | ||
| Q3 25 | $-19.1M | $135.8M | ||
| Q2 25 | $-9.8M | $71.3M | ||
| Q1 25 | $835.0K | $304.5M | ||
| Q4 24 | $-222.4M | $111.6M | ||
| Q3 24 | $7.5M | $-45.2M | ||
| Q2 24 | $3.9M | $252.0M |
毛利率BGSSLM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率BGSSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | — | 83.8% | ||
| Q3 25 | 2.5% | 49.8% | ||
| Q2 25 | 5.2% | 23.3% | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | -46.6% | 36.5% | ||
| Q3 24 | 11.1% | -16.6% | ||
| Q2 24 | 9.9% | 91.0% |
净利率BGSSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | -4.4% | 36.4% | ||
| Q2 25 | -2.3% | 18.9% | ||
| Q1 25 | 0.2% | 81.2% | ||
| Q4 24 | -40.3% | 30.8% | ||
| Q3 24 | 1.6% | -12.6% | ||
| Q2 24 | 0.9% | 67.7% |
每股收益（稀释后）BGSSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | — | $1.11 | ||
| Q3 25 | $-0.24 | $0.63 | ||
| Q2 25 | $-0.12 | $0.32 | ||
| Q1 25 | $0.01 | $1.40 | ||
| Q4 24 | $-2.81 | $0.53 | ||
| Q3 24 | $0.09 | $-0.23 | ||
| Q2 24 | $0.05 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $2.0B | $6.2B |
| 股东权益账面价值 | $470.7M | $2.4B |
| 总资产 | $2.9B | $29.4B |
| 负债/权益比越低杠杆越低 | 4.30× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资BGSSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | $60.9M | $3.5B | ||
| Q2 25 | $54.1M | $4.1B | ||
| Q1 25 | $61.2M | $3.7B | ||
| Q4 24 | $50.6M | $4.7B | ||
| Q3 24 | $54.7M | $4.5B | ||
| Q2 24 | $40.3M | $5.3B |
总债务BGSSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | $2.0B | $6.8B | ||
| Q2 25 | $2.0B | $6.4B | ||
| Q1 25 | $2.0B | $6.1B | ||
| Q4 24 | $2.0B | $6.4B | ||
| Q3 24 | $2.1B | $6.0B | ||
| Q2 24 | $2.0B | $5.4B |
股东权益BGSSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | $470.7M | $2.3B | ||
| Q2 25 | $501.4M | $2.4B | ||
| Q1 25 | $513.1M | $2.4B | ||
| Q4 24 | $524.8M | $2.2B | ||
| Q3 24 | $755.3M | $2.1B | ||
| Q2 24 | $765.0M | $2.3B |
总资产BGSSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | — | $29.7B | ||
| Q3 25 | $2.9B | $29.6B | ||
| Q2 25 | $2.9B | $29.6B | ||
| Q1 25 | $3.0B | $28.9B | ||
| Q4 24 | $3.0B | $30.1B | ||
| Q3 24 | $3.4B | $30.0B | ||
| Q2 24 | $3.4B | $28.8B |
负债/权益比BGSSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | 4.30× | 2.92× | ||
| Q2 25 | 3.97× | 2.70× | ||
| Q1 25 | 3.91× | 2.56× | ||
| Q4 24 | 3.85× | 2.98× | ||
| Q3 24 | 2.75× | 2.83× | ||
| Q2 24 | 2.67× | 2.37× |
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 | — |
| 自由现金流率自由现金流/营收 | -16.1% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 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BGSSLM
| Q1 26 | — | — | ||
| Q4 25 | — | $-64.5M | ||
| Q3 25 | $-64.6M | $-49.3M | ||
| Q2 25 | $17.8M | $-138.7M | ||
| Q1 25 | $52.7M | $-146.1M | ||
| Q4 24 | $80.3M | $4.5M | ||
| Q3 24 | $4.2M | $-113.4M | ||
| Q2 24 | $11.3M | $-143.8M |
自由现金流BGSSLM
| Q1 26 | — | — | ||
| 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BGSSLM
| Q1 26 | — | — | ||
| 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BGSSLM
| Q1 26 | — | — | ||
| 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BGSSLM
| Q1 26 | — | — | ||
| Q4 25 | — | -0.28× | ||
| Q3 25 | — | -0.36× | ||
| Q2 25 | — | -1.95× | ||
| Q1 25 | 63.17× | -0.48× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
