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Conagra Brands（CAG）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
Conagra Brands的季度营收约是美泰的1.7倍（$3.0B vs $1.8B），美泰净利率更高（6.0% vs -22.3%，领先28.3%），美泰同比增速更快（7.3% vs -6.8%），过去两年美泰的营收复合增速更高（47.7% vs -0.9%）
Conagra Brands是美国包装消费品控股企业，1919年于内布拉斯加州成立，总部设在伊利诺伊州芝加哥。公司旗下拥有多个食品品牌，产品覆盖超市、餐厅及各类餐饮服务场所，2022年位列《财富》美国500强第331位。
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。
CAG vs MAT — 直观对比
营收规模更大
CAG
是对方的1.7倍
$1.8B
营收增速更快
MAT
高出14.1%
-6.8%
净利率更高
MAT
高出28.3%
-22.3%
两年增速更快
MAT
近两年复合增速
-0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $1.8B |
| 净利润 | $-663.6M | $106.2M |
| 毛利率 | 23.4% | 45.9% |
| 营业利润率 | -20.1% | 8.0% |
| 净利率 | -22.3% | 6.0% |
| 营收同比 | -6.8% | 7.3% |
| 净利润同比 | -333.3% | -24.6% |
| 每股收益（稀释后） | $-1.39 | $0.32 |
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CAGMAT
| Q4 25 | $3.0B | $1.8B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $2.8B | $1.0B | ||
| Q1 25 | $2.8B | $826.6M | ||
| Q4 24 | $3.2B | $1.6B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.9B | $1.1B | ||
| Q1 24 | $3.0B | $809.5M |
净利润CAGMAT
| Q4 25 | $-663.6M | $106.2M | ||
| Q3 25 | $164.5M | $278.4M | ||
| Q2 25 | $256.0M | $53.4M | ||
| Q1 25 | $145.1M | $-40.3M | ||
| Q4 24 | $284.5M | $140.9M | ||
| Q3 24 | $466.8M | $372.4M | ||
| Q2 24 | $-567.3M | $56.9M | ||
| Q1 24 | $308.6M | $-28.3M |
毛利率CAGMAT
| Q4 25 | 23.4% | 45.9% | ||
| Q3 25 | 24.3% | 50.0% | ||
| Q2 25 | 25.4% | 50.9% | ||
| Q1 25 | 25.0% | 49.4% | ||
| Q4 24 | 26.5% | 50.7% | ||
| Q3 24 | 26.5% | 53.1% | ||
| Q2 24 | 27.7% | 49.2% | ||
| Q1 24 | 28.3% | 48.0% |
营业利润率CAGMAT
| Q4 25 | -20.1% | 8.0% | ||
| Q3 25 | 13.2% | 21.9% | ||
| Q2 25 | 0.1% | 7.7% | ||
| Q1 25 | 13.9% | -6.4% | ||
| Q4 24 | 14.8% | 9.6% | ||
| Q3 24 | 17.7% | 26.5% | ||
| Q2 24 | -16.3% | 7.7% | ||
| Q1 24 | 19.1% | -4.4% |
净利率CAGMAT
| Q4 25 | -22.3% | 6.0% | ||
| Q3 25 | 6.2% | 16.0% | ||
| Q2 25 | 9.2% | 5.2% | ||
| Q1 25 | 5.1% | -4.9% | ||
| Q4 24 | 8.9% | 8.6% | ||
| Q3 24 | 16.7% | 20.2% | ||
| Q2 24 | -19.5% | 5.3% | ||
| Q1 24 | 10.2% | -3.5% |
每股收益（稀释后）CAGMAT
| Q4 25 | $-1.39 | $0.32 | ||
| Q3 25 | $0.34 | $0.88 | ||
| Q2 25 | $0.54 | $0.16 | ||
| Q1 25 | $0.30 | $-0.12 | ||
| Q4 24 | $0.59 | $0.40 | ||
| Q3 24 | $0.97 | $1.09 | ||
| Q2 24 | $-1.19 | $0.17 | ||
| Q1 24 | $0.64 | $-0.08 |
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 | $46.6M | $1.2B |
| 总债务越低越好 | $7.2B | $2.3B |
| 股东权益账面价值 | $8.1B | $2.2B |
| 总资产 | $19.5B | $6.6B |
| 负债/权益比越低杠杆越低 | 0.89× | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资CAGMAT
| Q4 25 | $46.6M | $1.2B | ||
| Q3 25 | $698.1M | $691.9M | ||
| Q2 25 | $68.0M | $870.5M | ||
| Q1 25 | $49.4M | $1.2B | ||
| Q4 24 | $37.4M | $1.4B | ||
| Q3 24 | $128.7M | $723.5M | ||
| Q2 24 | $77.7M | $722.4M | ||
| Q1 24 | $78.5M | $1.1B |
总债务CAGMAT
| Q4 25 | $7.2B | $2.3B | ||
| Q3 25 | $8.2B | $2.3B | ||
| Q2 25 | $7.3B | $2.3B | ||
| Q1 25 | $7.3B | $2.3B | ||
| Q4 24 | $7.3B | $2.3B | ||
| Q3 24 | $7.5B | $2.3B | ||
| Q2 24 | $7.5B | $2.3B | ||
| Q1 24 | $8.5B | $2.3B |
股东权益CAGMAT
| Q4 25 | $8.1B | $2.2B | ||
| Q3 25 | $8.9B | $2.3B | ||
| Q2 25 | $8.9B | $2.2B | ||
| Q1 25 | $8.8B | $2.1B | ||
| Q4 24 | $8.8B | $2.3B | ||
| Q3 24 | $8.7B | $2.3B | ||
| Q2 24 | $8.4B | $2.0B | ||
| Q1 24 | $9.2B | $2.0B |
总资产CAGMAT
| Q4 25 | $19.5B | $6.6B | ||
| Q3 25 | $21.2B | $6.6B | ||
| Q2 25 | $20.9B | $6.2B | ||
| Q1 25 | $20.7B | $6.2B | ||
| Q4 24 | $21.0B | $6.5B | ||
| Q3 24 | $21.2B | $6.5B | ||
| Q2 24 | $20.9B | $5.9B | ||
| Q1 24 | $21.9B | $6.1B |
负债/权益比CAGMAT
| Q4 25 | 0.89× | 1.04× | ||
| Q3 25 | 0.92× | 1.03× | ||
| Q2 25 | 0.81× | 1.08× | ||
| Q1 25 | 0.83× | 1.10× | ||
| Q4 24 | 0.83× | 1.03× | ||
| Q3 24 | 0.86× | 1.01× | ||
| Q2 24 | 0.89× | 1.18× | ||
| Q1 24 | 0.93× | 1.15× |
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 | $210.6M | $796.6M |
| 自由现金流经营现金流 - 资本支出 | $138.8M | — |
| 自由现金流率自由现金流/营收 | 4.7% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | — | 7.50× |
| 过去12个月自由现金流最近4个季度 | $876.4M | — |
8季度趋势，按日历期对齐
经营现金流CAGMAT
| Q4 25 | $210.6M | $796.6M | ||
| Q3 25 | $120.6M | $72.0M | ||
| Q2 25 | $345.7M | $-300.1M | ||
| Q1 25 | $592.0M | $24.8M | ||
| Q4 24 | $485.6M | $862.1M | ||
| Q3 24 | $268.6M | $155.8M | ||
| Q2 24 | $484.3M | $-252.9M | ||
| Q1 24 | $676.7M | $35.5M |
自由现金流CAGMAT
| Q4 25 | $138.8M | — | ||
| Q3 25 | $-26.2M | — | ||
| Q2 25 | $260.6M | — | ||
| Q1 25 | $503.2M | — | ||
| Q4 24 | $403.2M | — | ||
| Q3 24 | $135.6M | — | ||
| Q2 24 | $405.8M | — | ||
| Q1 24 | $581.1M | — |
自由现金流率CAGMAT
| Q4 25 | 4.7% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | 9.4% | — | ||
| Q1 25 | 17.7% | — | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 19.2% | — |
资本支出强度CAGMAT
| Q4 25 | 2.4% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 3.2% | — |
现金转化率CAGMAT
| Q4 25 | — | 7.50× | ||
| Q3 25 | 0.73× | 0.26× | ||
| Q2 25 | 1.35× | -5.62× | ||
| Q1 25 | 4.08× | — | ||
| Q4 24 | 1.71× | 6.12× | ||
| Q3 24 | 0.58× | 0.42× | ||
| Q2 24 | — | -4.45× | ||
| Q1 24 | 2.19× | — |
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
CAG
| Frozen | $1.1B | 35% |
| Other Shelf Stable | $625.2M | 21% |
| Snacks | $583.9M | 20% |
| Foodservice | $288.4M | 10% |
| Other | $230.4M | 8% |
| Refrigerated | $196.0M | 7% |
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
