vs
CAL-MAINE FOODS INC（CALM）与DROPBOX, INC.（DBX）财务数据对比。点击上方公司名可切换其他公司
CAL-MAINE FOODS INC的季度营收约是DROPBOX, INC.的1.2倍（$769.5M vs $636.2M），DROPBOX, INC.净利率更高（17.1% vs 13.4%，领先3.7%），DROPBOX, INC.同比增速更快（-1.1% vs -19.4%），DROPBOX, INC.自由现金流更多（$224.9M vs $47.9M），过去两年CAL-MAINE FOODS INC的营收复合增速更高（29.4% vs 0.4%）
卡尔梅恩食品公司是总部位于美国密西西比州里奇兰的鲜蛋生产商，截至2024年是美国规模最大的蛋品企业。公司旗下拥有Egg-Land's Best、Land O'Lakes等多个知名蛋品品牌，1957年由弗雷德·R·亚当斯二世创立，亚当斯家族持有企业控股权，目前在纳斯达克挂牌上市。
Dropbox是总部位于美国加利福尼亚州旧金山的云服务企业，2007年由麻省理工学院学生德鲁·休斯顿与阿拉什·费尔多西创立，初创阶段获得创业孵化器Y Combinator的种子投资，核心业务包含云存储、文件同步、个人云及配套客户端软件等服务。
CALM vs DBX — 直观对比
营收规模更大
CALM
是对方的1.2倍
$636.2M
营收增速更快
DBX
高出18.2%
-19.4%
净利率更高
DBX
高出3.7%
13.4%
自由现金流更多
DBX
多$177.0M
$47.9M
两年增速更快
CALM
近两年复合增速
0.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $769.5M | $636.2M |
| 净利润 | $102.8M | $108.7M |
| 毛利率 | 27.0% | 79.2% |
| 营业利润率 | 16.1% | 25.5% |
| 净利率 | 13.4% | 17.1% |
| 营收同比 | -19.4% | -1.1% |
| 净利润同比 | -53.1% | 5.7% |
| 每股收益（稀释后） | $2.13 | $0.43 |
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CALMDBX
| Q4 25 | $769.5M | $636.2M | ||
| Q3 25 | $922.6M | $634.4M | ||
| Q2 25 | — | $625.7M | ||
| Q1 25 | $1.4B | $624.7M | ||
| Q4 24 | $954.7M | $643.6M | ||
| Q3 24 | $785.9M | $638.8M | ||
| Q2 24 | — | $634.5M | ||
| Q1 24 | $703.1M | $631.3M |
净利润CALMDBX
| Q4 25 | $102.8M | $108.7M | ||
| Q3 25 | $199.3M | $123.8M | ||
| Q2 25 | — | $125.6M | ||
| Q1 25 | $508.5M | $150.3M | ||
| Q4 24 | $219.1M | $102.8M | ||
| Q3 24 | $150.0M | $106.7M | ||
| Q2 24 | — | $110.5M | ||
| Q1 24 | $146.7M | $132.3M |
毛利率CALMDBX
| Q4 25 | 27.0% | 79.2% | ||
| Q3 25 | 33.7% | 79.8% | ||
| Q2 25 | — | 80.2% | ||
| Q1 25 | 50.5% | 81.3% | ||
| Q4 24 | 37.3% | 81.2% | ||
| Q3 24 | 31.5% | 82.5% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | 31.1% | 83.2% |
营业利润率CALMDBX
| Q4 25 | 16.1% | 25.5% | ||
| Q3 25 | 27.0% | 27.5% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | 44.8% | 29.4% | ||
| Q4 24 | 29.1% | 13.7% | ||
| Q3 24 | 23.8% | 20.0% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | 23.2% | 22.7% |
净利率CALMDBX
| Q4 25 | 13.4% | 17.1% | ||
| Q3 25 | 21.6% | 19.5% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | 35.9% | 24.1% | ||
| Q4 24 | 22.9% | 16.0% | ||
| Q3 24 | 19.1% | 16.7% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | 20.9% | 21.0% |
每股收益（稀释后）CALMDBX
| Q4 25 | $2.13 | $0.43 | ||
| Q3 25 | $4.12 | $0.47 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | $10.38 | $0.51 | ||
| Q4 24 | $4.47 | $0.33 | ||
| Q3 24 | $3.06 | $0.34 | ||
| Q2 24 | — | $0.34 | ||
| Q1 24 | $3.00 | $0.39 |
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 | $369.4M | $891.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $-1.8B |
| 总资产 | $3.1B | $2.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CALMDBX
| Q4 25 | $369.4M | $891.3M | ||
| Q3 25 | $251.9M | $730.7M | ||
| Q2 25 | — | $736.3M | ||
| Q1 25 | $497.2M | $942.2M | ||
| Q4 24 | $140.3M | $1.3B | ||
| Q3 24 | $181.7M | $517.6M | ||
| Q2 24 | — | $515.1M | ||
| Q1 24 | $367.1M | $548.9M |
股东权益CALMDBX
| Q4 25 | $2.7B | $-1.8B | ||
| Q3 25 | $2.7B | $-1.5B | ||
| Q2 25 | — | $-1.3B | ||
| Q1 25 | $2.4B | $-1.1B | ||
| Q4 24 | $2.0B | $-752.4M | ||
| Q3 24 | $1.9B | $-546.1M | ||
| Q2 24 | — | $-371.3M | ||
| Q1 24 | $1.7B | $-277.2M |
总资产CALMDBX
| Q4 25 | $3.1B | $2.8B | ||
| Q3 25 | $3.2B | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | $3.1B | $3.0B | ||
| Q4 24 | $2.5B | $3.3B | ||
| Q3 24 | $2.4B | $2.6B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | $2.1B | $2.8B |
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 | $94.8M | $235.4M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $224.9M |
| 自由现金流率自由现金流/营收 | 6.2% | 35.4% |
| 资本支出强度资本支出/营收 | 6.1% | 1.7% |
| 现金转化率经营现金流/净利润 | 0.92× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $895.9M | $930.8M |
8季度趋势，按日历期对齐
经营现金流CALMDBX
| Q4 25 | $94.8M | $235.4M | ||
| Q3 25 | $278.6M | $302.1M | ||
| Q2 25 | — | $260.5M | ||
| Q1 25 | $571.6M | $153.8M | ||
| Q4 24 | $122.7M | $213.8M | ||
| Q3 24 | $117.5M | $274.2M | ||
| Q2 24 | — | $230.6M | ||
| Q1 24 | $164.0M | $175.5M |
自由现金流CALMDBX
| Q4 25 | $47.9M | $224.9M | ||
| Q3 25 | $233.3M | $293.7M | ||
| Q2 25 | — | $258.5M | ||
| Q1 25 | $521.8M | $153.7M | ||
| Q4 24 | $92.9M | $210.5M | ||
| Q3 24 | $81.7M | $270.1M | ||
| Q2 24 | — | $224.7M | ||
| Q1 24 | $133.8M | $166.3M |
自由现金流率CALMDBX
| Q4 25 | 6.2% | 35.4% | ||
| Q3 25 | 25.3% | 46.3% | ||
| Q2 25 | — | 41.3% | ||
| Q1 25 | 36.8% | 24.6% | ||
| Q4 24 | 9.7% | 32.7% | ||
| Q3 24 | 10.4% | 42.3% | ||
| Q2 24 | — | 35.4% | ||
| Q1 24 | 19.0% | 26.3% |
资本支出强度CALMDBX
| Q4 25 | 6.1% | 1.7% | ||
| Q3 25 | 4.9% | 1.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 3.5% | 0.0% | ||
| Q4 24 | 3.1% | 0.5% | ||
| Q3 24 | 4.6% | 0.6% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | 4.3% | 1.5% |
现金转化率CALMDBX
| Q4 25 | 0.92× | 2.17× | ||
| Q3 25 | 1.40× | 2.44× | ||
| Q2 25 | — | 2.07× | ||
| Q1 25 | 1.12× | 1.02× | ||
| Q4 24 | 0.56× | 2.08× | ||
| Q3 24 | 0.78× | 2.57× | ||
| Q2 24 | — | 2.09× | ||
| Q1 24 | 1.12× | 1.33× |
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
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
DBX
| US | $355.3M | 56% |
| Non Us | $280.9M | 44% |
