vs
科慕（CC）与J.M. Smucker Company (The)（SJM）财务数据对比。点击上方公司名可切换其他公司
J.M. Smucker Company (The)的季度营收约是科慕的1.8倍（$2.3B vs $1.3B），J.M. Smucker Company (The)净利率更高（10.4% vs -3.5%，领先13.9%），J.M. Smucker Company (The)同比增速更快（2.6% vs -2.1%），J.M. Smucker Company (The)自由现金流更多（$280.2M vs $92.0M），过去两年J.M. Smucker Company (The)的营收复合增速更高（2.2% vs -1.2%）
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
CC vs SJM — 直观对比
营收规模更大
SJM
是对方的1.8倍
$1.3B
营收增速更快
SJM
高出4.7%
-2.1%
净利率更高
SJM
高出13.9%
-3.5%
自由现金流更多
SJM
多$188.2M
$92.0M
两年增速更快
SJM
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.3B |
| 净利润 | $-47.0M | $241.3M |
| 毛利率 | 11.7% | 37.3% |
| 营业利润率 | — | 18.0% |
| 净利率 | -3.5% | 10.4% |
| 营收同比 | -2.1% | 2.6% |
| 净利润同比 | -261.5% | 1084.9% |
| 每股收益（稀释后） | $-0.32 | $2.26 |
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CCSJM
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.6B | $2.2B | ||
| Q1 24 | $1.4B | $2.2B |
净利润CCSJM
| Q4 25 | $-47.0M | $241.3M | ||
| Q3 25 | $46.0M | $-43.9M | ||
| Q2 25 | $-380.0M | $-729.0M | ||
| Q1 25 | $-5.0M | $-662.3M | ||
| Q4 24 | $-13.0M | $-24.5M | ||
| Q3 24 | $-32.0M | $185.0M | ||
| Q2 24 | $60.0M | $245.1M | ||
| Q1 24 | $54.0M | $120.4M |
毛利率CCSJM
| Q4 25 | 11.7% | 37.3% | ||
| Q3 25 | 15.6% | 22.5% | ||
| Q2 25 | 17.2% | 38.4% | ||
| Q1 25 | 17.3% | 40.2% | ||
| Q4 24 | 19.4% | 39.0% | ||
| Q3 24 | 19.0% | 37.5% | ||
| Q2 24 | 19.8% | 41.4% | ||
| Q1 24 | 20.9% | 36.9% |
营业利润率CCSJM
| Q4 25 | — | 18.0% | ||
| Q3 25 | 2.5% | 2.2% | ||
| Q2 25 | -15.4% | -27.9% | ||
| Q1 25 | — | -27.2% | ||
| Q4 24 | -0.1% | 7.5% | ||
| Q3 24 | -2.1% | 16.4% | ||
| Q2 24 | 4.4% | 18.4% | ||
| Q1 24 | 5.1% | 13.3% |
净利率CCSJM
| Q4 25 | -3.5% | 10.4% | ||
| Q3 25 | 3.1% | -2.1% | ||
| Q2 25 | -23.5% | -34.0% | ||
| Q1 25 | -0.4% | -30.3% | ||
| Q4 24 | -1.0% | -1.1% | ||
| Q3 24 | -2.1% | 8.7% | ||
| Q2 24 | 3.9% | 11.1% | ||
| Q1 24 | 4.0% | 5.4% |
每股收益（稀释后）CCSJM
| Q4 25 | $-0.32 | $2.26 | ||
| Q3 25 | $0.31 | $-0.41 | ||
| Q2 25 | $-2.53 | $-6.86 | ||
| Q1 25 | $-0.03 | $-6.22 | ||
| Q4 24 | $-0.07 | $-0.23 | ||
| Q3 24 | $-0.22 | $1.74 | ||
| Q2 24 | $0.39 | $2.31 | ||
| Q1 24 | $0.36 | $1.13 |
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 | $670.0M | — |
| 总债务越低越好 | $4.1B | $7.0B |
| 股东权益账面价值 | $250.0M | $6.1B |
| 总资产 | $7.4B | $17.6B |
| 负债/权益比越低杠杆越低 | 16.40× | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资CCSJM
| Q4 25 | $670.0M | — | ||
| Q3 25 | $613.0M | — | ||
| Q2 25 | $502.0M | — | ||
| Q1 25 | $464.0M | — | ||
| Q4 24 | $713.0M | — | ||
| Q3 24 | $596.0M | — | ||
| Q2 24 | $604.0M | — | ||
| Q1 24 | $746.0M | — |
总债务CCSJM
| Q4 25 | $4.1B | $7.0B | ||
| Q3 25 | $4.1B | $7.0B | ||
| Q2 25 | $4.1B | $7.0B | ||
| Q1 25 | $4.1B | $7.4B | ||
| Q4 24 | $4.1B | $7.8B | ||
| Q3 24 | $4.0B | $7.8B | ||
| Q2 24 | $4.0B | $7.8B | ||
| Q1 24 | $4.0B | $8.1B |
股东权益CCSJM
| Q4 25 | $250.0M | $6.1B | ||
| Q3 25 | $274.0M | $5.9B | ||
| Q2 25 | $228.0M | $6.1B | ||
| Q1 25 | $566.0M | $6.9B | ||
| Q4 24 | $571.0M | $7.6B | ||
| Q3 24 | $643.0M | $7.8B | ||
| Q2 24 | $714.0M | $7.7B | ||
| Q1 24 | $753.0M | $7.6B |
总资产CCSJM
| Q4 25 | $7.4B | $17.6B | ||
| Q3 25 | $7.5B | $17.7B | ||
| Q2 25 | $7.5B | $17.6B | ||
| Q1 25 | $7.4B | $18.4B | ||
| Q4 24 | $7.5B | $20.0B | ||
| Q3 24 | $7.5B | $20.3B | ||
| Q2 24 | $7.2B | $20.3B | ||
| Q1 24 | $8.0B | $20.2B |
负债/权益比CCSJM
| Q4 25 | 16.40× | 1.16× | ||
| Q3 25 | 14.96× | 1.19× | ||
| Q2 25 | 17.99× | 1.16× | ||
| Q1 25 | 7.18× | 1.07× | ||
| Q4 24 | 7.11× | 1.02× | ||
| Q3 24 | 6.20× | 1.00× | ||
| Q2 24 | 5.53× | 1.01× | ||
| Q1 24 | 5.27× | 1.07× |
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 | $137.0M | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $92.0M | $280.2M |
| 自由现金流率自由现金流/营收 | 6.9% | 12.0% |
| 资本支出强度资本支出/营收 | 3.4% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | $51.0M | $635.5M |
8季度趋势，按日历期对齐
经营现金流CCSJM
| Q4 25 | $137.0M | $346.5M | ||
| Q3 25 | $146.0M | $-10.6M | ||
| Q2 25 | $93.0M | $393.9M | ||
| Q1 25 | $-112.0M | $239.4M | ||
| Q4 24 | $138.0M | $404.2M | ||
| Q3 24 | $139.0M | $172.9M | ||
| Q2 24 | $-620.0M | $428.1M | ||
| Q1 24 | $-290.0M | $406.5M |
自由现金流CCSJM
| Q4 25 | $92.0M | $280.2M | ||
| Q3 25 | $105.0M | $-94.9M | ||
| Q2 25 | $50.0M | $298.9M | ||
| Q1 25 | $-196.0M | $151.3M | ||
| Q4 24 | $29.0M | $317.2M | ||
| Q3 24 | $63.0M | $49.2M | ||
| Q2 24 | $-693.0M | $297.5M | ||
| Q1 24 | $-392.0M | $249.6M |
自由现金流率CCSJM
| Q4 25 | 6.9% | 12.0% | ||
| Q3 25 | 7.0% | -4.5% | ||
| Q2 25 | 3.1% | 13.9% | ||
| Q1 25 | -14.3% | 6.9% | ||
| Q4 24 | 2.1% | 14.0% | ||
| Q3 24 | 4.2% | 2.3% | ||
| Q2 24 | -44.6% | 13.5% | ||
| Q1 24 | -28.8% | 11.2% |
资本支出强度CCSJM
| Q4 25 | 3.4% | 2.8% | ||
| Q3 25 | 2.7% | 4.0% | ||
| Q2 25 | 2.7% | 4.4% | ||
| Q1 25 | 6.1% | 4.0% | ||
| Q4 24 | 8.0% | 3.8% | ||
| Q3 24 | 5.0% | 5.8% | ||
| Q2 24 | 4.7% | 5.9% | ||
| Q1 24 | 7.5% | 7.0% |
现金转化率CCSJM
| Q4 25 | — | 1.44× | ||
| Q3 25 | 3.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | -10.33× | 1.75× | ||
| Q1 24 | -5.37× | 3.38× |
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
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
