vs
B&G Foods, Inc.（BGS）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是B&G Foods, Inc.的1.1倍（$492.9M vs $439.3M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs -4.4%，领先24.0%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs -4.7%），过去两年STARWOOD PROPERTY TRUST, INC.的营收复合增速更高（-2.9% 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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
BGS vs STWD — 直观对比
营收规模更大
STWD
是对方的1.1倍
$439.3M
营收增速更快
STWD
高出13.2%
-4.7%
净利率更高
STWD
高出24.0%
-4.4%
两年增速更快
STWD
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $492.9M |
| 净利润 | $-19.1M | $96.9M |
| 毛利率 | 22.5% | — |
| 营业利润率 | 2.5% | 26.6% |
| 净利率 | -4.4% | 19.7% |
| 营收同比 | -4.7% | 8.5% |
| 净利润同比 | -356.5% | 87.7% |
| 每股收益（稀释后） | $-0.24 | $0.25 |
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BGSSTWD
| Q4 25 | — | $492.9M | ||
| Q3 25 | $439.3M | $488.9M | ||
| Q2 25 | $424.4M | $444.3M | ||
| Q1 25 | $425.4M | $418.2M | ||
| Q4 24 | $551.6M | $454.4M | ||
| Q3 24 | $461.1M | $479.5M | ||
| Q2 24 | $444.6M | $489.8M | ||
| Q1 24 | $475.2M | $523.1M |
净利润BGSSTWD
| Q4 25 | — | $96.9M | ||
| Q3 25 | $-19.1M | $72.6M | ||
| Q2 25 | $-9.8M | $129.8M | ||
| Q1 25 | $835.0K | $112.3M | ||
| Q4 24 | $-222.4M | $51.6M | ||
| Q3 24 | $7.5M | $76.1M | ||
| Q2 24 | $3.9M | $77.9M | ||
| Q1 24 | $-40.2M | $154.3M |
毛利率BGSSTWD
| 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BGSSTWD
| Q4 25 | — | 26.6% | ||
| Q3 25 | 2.5% | 19.1% | ||
| Q2 25 | 5.2% | 30.5% | ||
| Q1 25 | 8.4% | 28.7% | ||
| Q4 24 | -46.6% | 15.1% | ||
| Q3 24 | 11.1% | 17.2% | ||
| Q2 24 | 9.9% | 19.1% | ||
| Q1 24 | -3.3% | 30.8% |
净利率BGSSTWD
| Q4 25 | — | 19.7% | ||
| Q3 25 | -4.4% | 14.8% | ||
| Q2 25 | -2.3% | 29.2% | ||
| Q1 25 | 0.2% | 26.8% | ||
| Q4 24 | -40.3% | 11.4% | ||
| Q3 24 | 1.6% | 15.9% | ||
| Q2 24 | 0.9% | 15.9% | ||
| Q1 24 | -8.5% | 29.5% |
每股收益（稀释后）BGSSTWD
| Q4 25 | — | $0.25 | ||
| Q3 25 | $-0.24 | $0.19 | ||
| Q2 25 | $-0.12 | $0.38 | ||
| Q1 25 | $0.01 | $0.33 | ||
| Q4 24 | $-2.81 | $0.15 | ||
| Q3 24 | $0.09 | $0.23 | ||
| Q2 24 | $0.05 | $0.24 | ||
| 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 | $499.5M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $470.7M | $6.8B |
| 总资产 | $2.9B | $63.2B |
| 负债/权益比越低杠杆越低 | 4.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BGSSTWD
| Q4 25 | — | $499.5M | ||
| Q3 25 | $60.9M | $301.1M | ||
| Q2 25 | $54.1M | $259.9M | ||
| Q1 25 | $61.2M | $440.6M | ||
| Q4 24 | $50.6M | $377.8M | ||
| Q3 24 | $54.7M | $357.9M | ||
| Q2 24 | $40.3M | $259.3M | ||
| Q1 24 | $42.5M | $327.4M |
总债务BGSSTWD
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
股东权益BGSSTWD
| Q4 25 | — | $6.8B | ||
| Q3 25 | $470.7M | $6.9B | ||
| Q2 25 | $501.4M | $6.4B | ||
| Q1 25 | $513.1M | $6.4B | ||
| Q4 24 | $524.8M | $6.4B | ||
| Q3 24 | $755.3M | $6.5B | ||
| Q2 24 | $765.0M | $6.2B | ||
| Q1 24 | $781.2M | $6.3B |
总资产BGSSTWD
| Q4 25 | — | $63.2B | ||
| Q3 25 | $2.9B | $62.4B | ||
| Q2 25 | $2.9B | $62.4B | ||
| Q1 25 | $3.0B | $62.2B | ||
| Q4 24 | $3.0B | $62.6B | ||
| Q3 24 | $3.4B | $64.2B | ||
| Q2 24 | $3.4B | $64.1B | ||
| Q1 24 | $3.4B | $66.2B |
负债/权益比BGSSTWD
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 2.67× | — | ||
| Q1 24 | 2.61× | — |
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 | $488.8M |
| 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 | — | 5.04× |
| 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BGSSTWD
| Q4 25 | — | $488.8M | ||
| Q3 25 | $-64.6M | $337.6M | ||
| Q2 25 | $17.8M | $-87.4M | ||
| Q1 25 | $52.7M | $238.9M | ||
| Q4 24 | $80.3M | $295.6M | ||
| Q3 24 | $4.2M | $241.8M | ||
| Q2 24 | $11.3M | $53.3M | ||
| Q1 24 | $35.1M | $55.9M |
自由现金流BGSSTWD
| 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 | — | ||
| Q1 24 | $27.5M | — |
自由现金流率BGSSTWD
| 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% | — | ||
| Q1 24 | 5.8% | — |
资本支出强度BGSSTWD
| 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% | — | ||
| Q1 24 | 1.6% | — |
现金转化率BGSSTWD
| Q4 25 | — | 5.04× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | — | -0.67× | ||
| Q1 25 | 63.17× | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | 0.56× | 3.18× | ||
| Q2 24 | 2.87× | 0.68× | ||
| Q1 24 | — | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
