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Conagra Brands（CAG）与SEABOARD CORP（SEB）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SEABOARD CORP的1.2倍（$3.0B vs $2.4B），SEABOARD CORP净利率更高（10.6% vs -22.3%，领先32.9%），SEABOARD CORP同比增速更快（-2.9% vs -6.8%），Conagra Brands自由现金流更多（$138.8M vs $53.0M），过去两年SEABOARD CORP的营收复合增速更高（4.9% 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。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
CAG vs SEB — 直观对比
营收规模更大
CAG
是对方的1.2倍
$2.4B
营收增速更快
SEB
高出3.9%
-6.8%
净利率更高
SEB
高出32.9%
-22.3%
自由现金流更多
CAG
多$85.8M
$53.0M
两年增速更快
SEB
近两年复合增速
-0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.4B |
| 净利润 | $-663.6M | $255.0M |
| 毛利率 | 23.4% | 7.9% |
| 营业利润率 | -20.1% | 2.7% |
| 净利率 | -22.3% | 10.6% |
| 营收同比 | -6.8% | -2.9% |
| 净利润同比 | -333.3% | 63.5% |
| 每股收益（稀释后） | $-1.39 | $262.58 |
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CAGSEB
| Q4 25 | $3.0B | $2.4B | ||
| Q3 25 | $2.6B | $2.5B | ||
| Q2 25 | $2.8B | $2.5B | ||
| Q1 25 | $2.8B | $2.3B | ||
| Q4 24 | $3.2B | $2.5B | ||
| Q3 24 | $2.8B | $2.2B | ||
| Q2 24 | $2.9B | $2.2B | ||
| Q1 24 | $3.0B | $2.2B |
净利润CAGSEB
| Q4 25 | $-663.6M | $255.0M | ||
| Q3 25 | $164.5M | $110.0M | ||
| Q2 25 | $256.0M | $104.0M | ||
| Q1 25 | $145.1M | $32.0M | ||
| Q4 24 | $284.5M | $156.0M | ||
| Q3 24 | $466.8M | $-149.0M | ||
| Q2 24 | $-567.3M | $61.0M | ||
| Q1 24 | $308.6M | $22.0M |
毛利率CAGSEB
| Q4 25 | 23.4% | 7.9% | ||
| Q3 25 | 24.3% | 7.8% | ||
| Q2 25 | 25.4% | 6.5% | ||
| Q1 25 | 25.0% | 6.1% | ||
| Q4 24 | 26.5% | 9.0% | ||
| Q3 24 | 26.5% | 6.2% | ||
| Q2 24 | 27.7% | 5.8% | ||
| Q1 24 | 28.3% | 4.0% |
营业利润率CAGSEB
| Q4 25 | -20.1% | 2.7% | ||
| Q3 25 | 13.2% | 3.3% | ||
| Q2 25 | 0.1% | 2.1% | ||
| Q1 25 | 13.9% | 1.6% | ||
| Q4 24 | 14.8% | 4.6% | ||
| Q3 24 | 17.7% | 1.4% | ||
| Q2 24 | -16.3% | 1.4% | ||
| Q1 24 | 19.1% | -0.9% |
净利率CAGSEB
| Q4 25 | -22.3% | 10.6% | ||
| Q3 25 | 6.2% | 4.3% | ||
| Q2 25 | 9.2% | 4.2% | ||
| Q1 25 | 5.1% | 1.4% | ||
| Q4 24 | 8.9% | 6.3% | ||
| Q3 24 | 16.7% | -6.7% | ||
| Q2 24 | -19.5% | 2.8% | ||
| Q1 24 | 10.2% | 1.0% |
每股收益（稀释后）CAGSEB
| Q4 25 | $-1.39 | $262.58 | ||
| Q3 25 | $0.34 | $113.71 | ||
| Q2 25 | $0.54 | $105.22 | ||
| Q1 25 | $0.30 | $32.95 | ||
| Q4 24 | $0.59 | $158.58 | ||
| Q3 24 | $0.97 | $-153.44 | ||
| Q2 24 | $-1.19 | $62.82 | ||
| Q1 24 | $0.64 | $22.66 |
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 | — |
| 股东权益账面价值 | $8.1B | $5.2B |
| 总资产 | $19.5B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.89× | — |
8季度趋势，按日历期对齐
现金及短期投资CAGSEB
| Q4 25 | $46.6M | $1.2B | ||
| Q3 25 | $698.1M | $1.2B | ||
| Q2 25 | $68.0M | $1.1B | ||
| Q1 25 | $49.4M | $1.1B | ||
| Q4 24 | $37.4M | $1.2B | ||
| Q3 24 | $128.7M | $1.2B | ||
| Q2 24 | $77.7M | $1.2B | ||
| Q1 24 | $78.5M | $1.2B |
总债务CAGSEB
| Q4 25 | $7.2B | — | ||
| Q3 25 | $8.2B | — | ||
| Q2 25 | $7.3B | — | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $7.5B | — | ||
| Q1 24 | $8.5B | — |
股东权益CAGSEB
| Q4 25 | $8.1B | $5.2B | ||
| Q3 25 | $8.9B | $5.0B | ||
| Q2 25 | $8.9B | $4.8B | ||
| Q1 25 | $8.8B | $4.7B | ||
| Q4 24 | $8.8B | $4.7B | ||
| Q3 24 | $8.7B | $4.5B | ||
| Q2 24 | $8.4B | $4.7B | ||
| Q1 24 | $9.2B | $4.6B |
总资产CAGSEB
| Q4 25 | $19.5B | $8.2B | ||
| Q3 25 | $21.2B | $8.0B | ||
| Q2 25 | $20.9B | $7.9B | ||
| Q1 25 | $20.7B | $7.6B | ||
| Q4 24 | $21.0B | $7.7B | ||
| Q3 24 | $21.2B | $7.5B | ||
| Q2 24 | $20.9B | $7.7B | ||
| Q1 24 | $21.9B | $7.6B |
负债/权益比CAGSEB
| Q4 25 | 0.89× | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | 0.93× | — |
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 | $188.0M |
| 自由现金流经营现金流 - 资本支出 | $138.8M | $53.0M |
| 自由现金流率自由现金流/营收 | 4.7% | 2.2% |
| 资本支出强度资本支出/营收 | 2.4% | 5.6% |
| 现金转化率经营现金流/净利润 | — | 0.74× |
| 过去12个月自由现金流最近4个季度 | $876.4M | $6.0M |
8季度趋势，按日历期对齐
经营现金流CAGSEB
| Q4 25 | $210.6M | $188.0M | ||
| Q3 25 | $120.6M | $319.0M | ||
| Q2 25 | $345.7M | $81.0M | ||
| Q1 25 | $592.0M | $-20.0M | ||
| Q4 24 | $485.6M | $300.0M | ||
| Q3 24 | $268.6M | $194.0M | ||
| Q2 24 | $484.3M | $6.0M | ||
| Q1 24 | $676.7M | $19.0M |
自由现金流CAGSEB
| Q4 25 | $138.8M | $53.0M | ||
| Q3 25 | $-26.2M | $152.0M | ||
| Q2 25 | $260.6M | $-70.0M | ||
| Q1 25 | $503.2M | $-129.0M | ||
| Q4 24 | $403.2M | $162.0M | ||
| Q3 24 | $135.6M | $58.0M | ||
| Q2 24 | $405.8M | $-127.0M | ||
| Q1 24 | $581.1M | $-85.0M |
自由现金流率CAGSEB
| Q4 25 | 4.7% | 2.2% | ||
| Q3 25 | -1.0% | 6.0% | ||
| Q2 25 | 9.4% | -2.8% | ||
| Q1 25 | 17.7% | -5.6% | ||
| Q4 24 | 12.6% | 6.5% | ||
| Q3 24 | 4.9% | 2.6% | ||
| Q2 24 | 14.0% | -5.7% | ||
| Q1 24 | 19.2% | -3.9% |
资本支出强度CAGSEB
| Q4 25 | 2.4% | 5.6% | ||
| Q3 25 | 5.6% | 6.6% | ||
| Q2 25 | 3.1% | 6.1% | ||
| Q1 25 | 3.1% | 4.7% | ||
| Q4 24 | 2.6% | 5.6% | ||
| Q3 24 | 4.8% | 6.1% | ||
| Q2 24 | 2.7% | 6.0% | ||
| Q1 24 | 3.2% | 4.7% |
现金转化率CAGSEB
| Q4 25 | — | 0.74× | ||
| Q3 25 | 0.73× | 2.90× | ||
| Q2 25 | 1.35× | 0.78× | ||
| Q1 25 | 4.08× | -0.63× | ||
| Q4 24 | 1.71× | 1.92× | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | 2.19× | 0.86× |
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% |
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
