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CAL-MAINE FOODS INC（CALM）与奥驰亚（MO）财务数据对比。点击上方公司名可切换其他公司
奥驰亚的季度营收约是CAL-MAINE FOODS INC的7.6倍（$5.8B vs $769.5M）。奥驰亚净利率更高（19.1% vs 13.4%，领先5.8%）。奥驰亚同比增速更快（-2.1% vs -19.4%）。奥驰亚自由现金流更多（$3.2B vs $47.9M）。过去两年CAL-MAINE FOODS INC的营收复合增速更高（21.3% vs 2.4%）
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。
奥驰亚集团是美国头部烟草企业，通过旗下子公司生产销售可燃烟草与口服类烟草相关产品，核心品牌包括万宝路香烟、Black & Mild雪茄及烟斗烟、哥本哈根、斯库尔等湿无烟烟草，以及on!口服尼古丁袋，产品主要供应批发商、分销商及大型零售客户。
CALM vs MO — 直观对比
营收规模更大
MO
是对方的7.6倍
$769.5M
营收增速更快
MO
高出17.3%
-19.4%
净利率更高
MO
高出5.8%
13.4%
自由现金流更多
MO
多$3.1B
$47.9M
两年增速更快
CALM
近两年复合增速
2.4%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $769.5M | $5.8B |
| 净利润 | $102.8M | $1.1B |
| 毛利率 | 27.0% | 62.1% |
| 营业利润率 | 16.1% | 28.2% |
| 净利率 | 13.4% | 19.1% |
| 营收同比 | -19.4% | -2.1% |
| 净利润同比 | -53.1% | -63.2% |
| 每股收益（稀释后） | $2.13 | $0.67 |
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CALMMO
| Q4 25 | $769.5M | $5.8B | ||
| Q3 25 | $922.6M | $6.1B | ||
| Q2 25 | — | $6.1B | ||
| Q1 25 | $1.4B | $5.3B | ||
| Q4 24 | $954.7M | $6.0B | ||
| Q3 24 | $785.9M | $6.3B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | $703.1M | $5.6B |
净利润CALMMO
| Q4 25 | $102.8M | $1.1B | ||
| Q3 25 | $199.3M | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | $508.5M | $1.1B | ||
| Q4 24 | $219.1M | $3.0B | ||
| Q3 24 | $150.0M | $2.3B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | $146.7M | $2.1B |
毛利率CALMMO
| Q4 25 | 27.0% | 62.1% | ||
| Q3 25 | 33.7% | 62.8% | ||
| Q2 25 | — | 63.1% | ||
| Q1 25 | 50.5% | 61.8% | ||
| Q4 24 | 37.3% | 60.3% | ||
| Q3 24 | 31.5% | 60.8% | ||
| Q2 24 | — | 59.2% | ||
| Q1 24 | 31.1% | 58.8% |
营业利润率CALMMO
| Q4 25 | 16.1% | 28.2% | ||
| Q3 25 | 27.0% | 53.2% | ||
| Q2 25 | — | 52.9% | ||
| Q1 25 | 44.8% | 34.0% | ||
| Q4 24 | 29.1% | 48.2% | ||
| Q3 24 | 23.8% | 50.4% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | 23.2% | 48.0% |
净利率CALMMO
| Q4 25 | 13.4% | 19.1% | ||
| Q3 25 | 21.6% | 39.1% | ||
| Q2 25 | — | 39.0% | ||
| Q1 25 | 35.9% | 20.5% | ||
| Q4 24 | 22.9% | 50.9% | ||
| Q3 24 | 19.1% | 36.6% | ||
| Q2 24 | — | 61.2% | ||
| Q1 24 | 20.9% | 38.2% |
每股收益（稀释后）CALMMO
| Q4 25 | $2.13 | $0.67 | ||
| Q3 25 | $4.12 | $1.41 | ||
| Q2 25 | — | $1.41 | ||
| Q1 25 | $10.38 | $0.63 | ||
| Q4 24 | $4.47 | $1.78 | ||
| Q3 24 | $3.06 | $1.34 | ||
| Q2 24 | — | $2.21 | ||
| Q1 24 | $3.00 | $1.21 |
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 | $4.5B |
| 总债务越低越好 | — | $25.7B |
| 股东权益账面价值 | $2.7B | $-3.5B |
| 总资产 | $3.1B | $35.0B |
| 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CALMMO
| Q4 25 | $369.4M | $4.5B | ||
| Q3 25 | $251.9M | $3.5B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | $497.2M | $4.7B | ||
| Q4 24 | $140.3M | $3.1B | ||
| Q3 24 | $181.7M | $1.9B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | $367.1M | $3.6B |
总债务CALMMO
| Q4 25 | — | $25.7B | ||
| Q3 25 | — | $25.7B | ||
| Q2 25 | — | $24.7B | ||
| Q1 25 | — | $26.1B | ||
| Q4 24 | — | $24.9B | ||
| Q3 24 | — | $25.2B | ||
| Q2 24 | — | $25.0B | ||
| Q1 24 | — | $25.0B |
股东权益CALMMO
| Q4 25 | $2.7B | $-3.5B | ||
| Q3 25 | $2.7B | $-2.6B | ||
| Q2 25 | — | $-3.3B | ||
| Q1 25 | $2.4B | $-3.5B | ||
| Q4 24 | $2.0B | $-2.2B | ||
| Q3 24 | $1.9B | $-3.5B | ||
| Q2 24 | — | $-3.0B | ||
| Q1 24 | $1.7B | $-5.1B |
总资产CALMMO
| Q4 25 | $3.1B | $35.0B | ||
| Q3 25 | $3.2B | $35.0B | ||
| Q2 25 | — | $32.3B | ||
| Q1 25 | $3.1B | $35.8B | ||
| Q4 24 | $2.5B | $35.2B | ||
| Q3 24 | $2.4B | $34.2B | ||
| Q2 24 | — | $34.4B | ||
| Q1 24 | $2.1B | $36.5B |
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 | $3.3B |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $3.2B |
| 自由现金流率自由现金流/营收 | 6.2% | 54.4% |
| 资本支出强度资本支出/营收 | 6.1% | 1.6% |
| 现金转化率经营现金流/净利润 | 0.92× | 2.93× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $9.1B |
8季度趋势，按日历期对齐
经营现金流CALMMO
| Q4 25 | $94.8M | $3.3B | ||
| Q3 25 | $278.6M | $3.1B | ||
| Q2 25 | — | $205.0M | ||
| Q1 25 | $571.6M | $2.7B | ||
| Q4 24 | $122.7M | $3.3B | ||
| Q3 24 | $117.5M | $2.6B | ||
| Q2 24 | — | $-75.0M | ||
| Q1 24 | $164.0M | $2.9B |
自由现金流CALMMO
| Q4 25 | $47.9M | $3.2B | ||
| Q3 25 | $233.3M | $3.0B | ||
| Q2 25 | — | $173.0M | ||
| Q1 25 | $521.8M | $2.7B | ||
| Q4 24 | $92.9M | $3.3B | ||
| Q3 24 | $81.7M | $2.6B | ||
| Q2 24 | — | $-104.0M | ||
| Q1 24 | $133.8M | $2.8B |
自由现金流率CALMMO
| Q4 25 | 6.2% | 54.4% | ||
| Q3 25 | 25.3% | 50.1% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | 36.8% | 51.0% | ||
| Q4 24 | 9.7% | 55.1% | ||
| Q3 24 | 10.4% | 41.2% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | 19.0% | 51.0% |
资本支出强度CALMMO
| Q4 25 | 6.1% | 1.6% | ||
| Q3 25 | 4.9% | 0.9% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | 3.5% | 0.7% | ||
| Q4 24 | 3.1% | 0.8% | ||
| Q3 24 | 4.6% | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | 4.3% | 0.6% |
现金转化率CALMMO
| Q4 25 | 0.92× | 2.93× | ||
| Q3 25 | 1.40× | 1.30× | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | 1.12× | 2.53× | ||
| Q4 24 | 0.56× | 1.10× | ||
| Q3 24 | 0.78× | 1.14× | ||
| Q2 24 | — | -0.02× | ||
| Q1 24 | 1.12× | 1.35× |
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% |
MO
| Smokeable Products Segment | $5.1B | 88% |
| Oral Tobacco Segment | $706.0M | 12% |
