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CAL-MAINE FOODS INC（CALM）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是CAL-MAINE FOODS INC的1.1倍（$851.9M vs $769.5M），美森净利率更高（16.8% vs 13.4%，领先3.4%），美森同比增速更快（-4.3% vs -19.4%），CAL-MAINE FOODS INC自由现金流更多（$47.9M vs $42.2M），过去两年CAL-MAINE FOODS INC的营收复合增速更高（29.4% vs 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
CALM vs MATX — 直观对比
营收规模更大
MATX
是对方的1.1倍
$769.5M
营收增速更快
MATX
高出15.1%
-19.4%
净利率更高
MATX
高出3.4%
13.4%
自由现金流更多
CALM
多$5.7M
$42.2M
两年增速更快
CALM
近两年复合增速
8.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $769.5M | $851.9M |
| 净利润 | $102.8M | $143.1M |
| 毛利率 | 27.0% | — |
| 营业利润率 | 16.1% | 16.9% |
| 净利率 | 13.4% | 16.8% |
| 营收同比 | -19.4% | -4.3% |
| 净利润同比 | -53.1% | 11.8% |
| 每股收益（稀释后） | $2.13 | $4.47 |
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CALMMATX
| Q4 25 | $769.5M | $851.9M | ||
| Q3 25 | $922.6M | $880.1M | ||
| Q2 25 | — | $830.5M | ||
| Q1 25 | $1.4B | $782.0M | ||
| Q4 24 | $954.7M | $890.3M | ||
| Q3 24 | $785.9M | $962.0M | ||
| Q2 24 | — | $847.4M | ||
| Q1 24 | $703.1M | $722.1M |
净利润CALMMATX
| Q4 25 | $102.8M | $143.1M | ||
| Q3 25 | $199.3M | $134.7M | ||
| Q2 25 | — | $94.7M | ||
| Q1 25 | $508.5M | $72.3M | ||
| Q4 24 | $219.1M | $128.0M | ||
| Q3 24 | $150.0M | $199.1M | ||
| Q2 24 | — | $113.2M | ||
| Q1 24 | $146.7M | $36.1M |
毛利率CALMMATX
| Q4 25 | 27.0% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 50.5% | — | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 31.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 31.1% | — |
营业利润率CALMMATX
| Q4 25 | 16.1% | 16.9% | ||
| Q3 25 | 27.0% | 18.3% | ||
| Q2 25 | — | 13.6% | ||
| Q1 25 | 44.8% | 10.5% | ||
| Q4 24 | 29.1% | 16.6% | ||
| Q3 24 | 23.8% | 25.2% | ||
| Q2 24 | — | 14.7% | ||
| Q1 24 | 23.2% | 5.1% |
净利率CALMMATX
| Q4 25 | 13.4% | 16.8% | ||
| Q3 25 | 21.6% | 15.3% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | 35.9% | 9.2% | ||
| Q4 24 | 22.9% | 14.4% | ||
| Q3 24 | 19.1% | 20.7% | ||
| Q2 24 | — | 13.4% | ||
| Q1 24 | 20.9% | 5.0% |
每股收益（稀释后）CALMMATX
| Q4 25 | $2.13 | $4.47 | ||
| Q3 25 | $4.12 | $4.24 | ||
| Q2 25 | — | $2.92 | ||
| Q1 25 | $10.38 | $2.18 | ||
| Q4 24 | $4.47 | $3.69 | ||
| Q3 24 | $3.06 | $5.89 | ||
| Q2 24 | — | $3.31 | ||
| Q1 24 | $3.00 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $2.7B | $2.8B |
| 总资产 | $3.1B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资CALMMATX
| Q4 25 | $369.4M | $141.9M | ||
| Q3 25 | $251.9M | $92.7M | ||
| Q2 25 | — | $59.1M | ||
| Q1 25 | $497.2M | $122.0M | ||
| Q4 24 | $140.3M | $266.8M | ||
| Q3 24 | $181.7M | $270.3M | ||
| Q2 24 | — | $168.2M | ||
| Q1 24 | $367.1M | $25.9M |
总债务CALMMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益CALMMATX
| Q4 25 | $2.7B | $2.8B | ||
| Q3 25 | $2.7B | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | $2.4B | $2.6B | ||
| Q4 24 | $2.0B | $2.7B | ||
| Q3 24 | $1.9B | $2.6B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | $1.7B | $2.4B |
总资产CALMMATX
| Q4 25 | $3.1B | $4.6B | ||
| Q3 25 | $3.2B | $4.6B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | $3.1B | $4.5B | ||
| Q4 24 | $2.5B | $4.6B | ||
| Q3 24 | $2.4B | $4.4B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | $2.1B | $4.2B |
负债/权益比CALMMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $42.2M |
| 自由现金流率自由现金流/营收 | 6.2% | 5.0% |
| 资本支出强度资本支出/营收 | 6.1% | 15.8% |
| 现金转化率经营现金流/净利润 | 0.92× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $895.9M | $153.7M |
8季度趋势，按日历期对齐
经营现金流CALMMATX
| Q4 25 | $94.8M | $176.9M | ||
| Q3 25 | $278.6M | $175.6M | ||
| Q2 25 | — | $105.6M | ||
| Q1 25 | $571.6M | $89.0M | ||
| Q4 24 | $122.7M | $174.7M | ||
| Q3 24 | $117.5M | $248.6M | ||
| Q2 24 | — | $307.9M | ||
| Q1 24 | $164.0M | $36.6M |
自由现金流CALMMATX
| Q4 25 | $47.9M | $42.2M | ||
| Q3 25 | $233.3M | $92.4M | ||
| Q2 25 | — | $19.3M | ||
| Q1 25 | $521.8M | $-200.0K | ||
| Q4 24 | $92.9M | $49.3M | ||
| Q3 24 | $81.7M | $189.0M | ||
| Q2 24 | — | $238.1M | ||
| Q1 24 | $133.8M | $-18.7M |
自由现金流率CALMMATX
| Q4 25 | 6.2% | 5.0% | ||
| Q3 25 | 25.3% | 10.5% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | 36.8% | -0.0% | ||
| Q4 24 | 9.7% | 5.5% | ||
| Q3 24 | 10.4% | 19.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | 19.0% | -2.6% |
资本支出强度CALMMATX
| Q4 25 | 6.1% | 15.8% | ||
| Q3 25 | 4.9% | 9.5% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | 3.5% | 11.4% | ||
| Q4 24 | 3.1% | 14.1% | ||
| Q3 24 | 4.6% | 6.2% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | 4.3% | 7.7% |
现金转化率CALMMATX
| Q4 25 | 0.92× | 1.24× | ||
| Q3 25 | 1.40× | 1.30× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | 1.12× | 1.23× | ||
| Q4 24 | 0.56× | 1.36× | ||
| Q3 24 | 0.78× | 1.25× | ||
| Q2 24 | — | 2.72× | ||
| Q1 24 | 1.12× | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
