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Chefs' Warehouse, Inc.（CHEF）与SONOCO PRODUCTS CO（SON）财务数据对比。点击上方公司名可切换其他公司
SONOCO PRODUCTS CO的季度营收约是Chefs' Warehouse, Inc.的1.5倍（$1.7B vs $1.1B），SONOCO PRODUCTS CO净利率更高（4.1% vs 1.9%，领先2.2%），Chefs' Warehouse, Inc.同比增速更快（10.5% vs -1.9%），Chefs' Warehouse, Inc.自由现金流更多（$65.8M vs $-428.3B），过去两年Chefs' Warehouse, Inc.的营收复合增速更高（14.3% vs 1.2%）
Chefs' Warehouse, Inc. 是一家北美专业食品分销商，服务对象包括独立餐厅、高端餐饮场所、酒店、餐饮服务商等食品服务运营商，供应超15万种精选产品，涵盖手工食材、特色肉类、海鲜、乳制品、进口高端美食等，适配专业厨师的使用需求。
索诺科产品公司是美国多元化包装服务商，主营消费包装、工业产品、防护包装及包装供应链服务，是全球最大的复合罐、纸管和纸芯生产商。公司成立于1889年，年净销售额约73亿美元，在33个国家设有超335个运营点，员工1.99万名，业务覆盖超85个国家，总部位于南卡罗来纳州哈茨维尔。
CHEF vs SON — 直观对比
营收规模更大
SON
是对方的1.5倍
$1.1B
营收增速更快
CHEF
高出12.5%
-1.9%
净利率更高
SON
高出2.2%
1.9%
自由现金流更多
CHEF
多$428.4B
$-428.3B
两年增速更快
CHEF
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.7B |
| 净利润 | $21.7M | $68.0M |
| 毛利率 | 24.2% | 20.6% |
| 营业利润率 | 3.8% | 7.6% |
| 净利率 | 1.9% | 4.1% |
| 营收同比 | 10.5% | -1.9% |
| 净利润同比 | -9.4% | 25.9% |
| 每股收益（稀释后） | $0.50 | $0.68 |
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CHEFSON
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $950.7M | $1.7B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $931.5M | $1.7B | ||
| Q2 24 | $954.7M | $1.6B |
净利润CHEFSON
| Q1 26 | — | $68.0M | ||
| Q4 25 | $21.7M | $332.2M | ||
| Q3 25 | $19.1M | $122.9M | ||
| Q2 25 | $21.2M | $493.4M | ||
| Q1 25 | $10.3M | $54.4M | ||
| Q4 24 | $23.9M | — | ||
| Q3 24 | $14.1M | $50.9M | ||
| Q2 24 | $15.5M | $90.8M |
毛利率CHEFSON
| Q1 26 | — | 20.6% | ||
| Q4 25 | 24.2% | 19.6% | ||
| Q3 25 | 24.2% | 21.9% | ||
| Q2 25 | 24.6% | 21.3% | ||
| Q1 25 | 23.8% | 20.7% | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 24.1% | 21.4% | ||
| Q2 24 | 24.0% | 22.0% |
营业利润率CHEFSON
| Q1 26 | — | 7.6% | ||
| Q4 25 | 3.8% | 29.4% | ||
| Q3 25 | 3.8% | 9.1% | ||
| Q2 25 | 3.9% | 9.2% | ||
| Q1 25 | 2.4% | 7.4% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 3.4% | 7.6% | ||
| Q2 24 | 3.5% | 8.6% |
净利率CHEFSON
| Q1 26 | — | 4.1% | ||
| Q4 25 | 1.9% | 18.8% | ||
| Q3 25 | 1.9% | 5.8% | ||
| Q2 25 | 2.1% | 25.8% | ||
| Q1 25 | 1.1% | 3.2% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 1.5% | 3.0% | ||
| Q2 24 | 1.6% | 5.6% |
每股收益（稀释后）CHEFSON
| Q1 26 | — | $0.68 | ||
| Q4 25 | $0.50 | $3.33 | ||
| Q3 25 | $0.44 | $1.23 | ||
| Q2 25 | $0.49 | $4.96 | ||
| Q1 25 | $0.25 | $0.55 | ||
| Q4 24 | $0.56 | — | ||
| Q3 24 | $0.34 | $0.51 | ||
| Q2 24 | $0.37 | $0.92 |
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 | $121.0M | $224.5M |
| 总债务越低越好 | $720.3M | $3.5B |
| 股东权益账面价值 | $604.3M | $3.6B |
| 总资产 | $2.0B | $11.1B |
| 负债/权益比越低杠杆越低 | 1.19× | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资CHEFSON
| Q1 26 | — | $224.5M | ||
| Q4 25 | $121.0M | $378.4M | ||
| Q3 25 | $65.1M | $244.9M | ||
| Q2 25 | $96.9M | $329.8M | ||
| Q1 25 | $116.5M | $181.8M | ||
| Q4 24 | $114.7M | — | ||
| Q3 24 | $50.7M | $1.9B | ||
| Q2 24 | $38.3M | $140.2M |
总债务CHEFSON
| Q1 26 | — | $3.5B | ||
| Q4 25 | $720.3M | $3.8B | ||
| Q3 25 | $711.7M | $3.8B | ||
| Q2 25 | $690.2M | $5.0B | ||
| Q1 25 | $681.1M | $5.0B | ||
| Q4 24 | $688.7M | — | ||
| Q3 24 | $666.6M | $4.3B | ||
| Q2 24 | $660.8M | $2.5B |
股东权益CHEFSON
| Q1 26 | — | $3.6B | ||
| Q4 25 | $604.3M | $3.6B | ||
| Q3 25 | $576.6M | $3.3B | ||
| Q2 25 | $557.7M | $3.2B | ||
| Q1 25 | $541.6M | $2.4B | ||
| Q4 24 | $537.6M | — | ||
| Q3 24 | $480.3M | $2.5B | ||
| Q2 24 | $461.9M | $2.4B |
总资产CHEFSON
| Q1 26 | — | $11.1B | ||
| Q4 25 | $2.0B | $11.2B | ||
| Q3 25 | $1.9B | $11.7B | ||
| Q2 25 | $1.9B | $12.0B | ||
| Q1 25 | $1.8B | $12.7B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.8B | $9.0B | ||
| Q2 24 | $1.7B | $7.2B |
负债/权益比CHEFSON
| Q1 26 | — | 0.97× | ||
| Q4 25 | 1.19× | 1.05× | ||
| Q3 25 | 1.23× | 1.15× | ||
| Q2 25 | 1.24× | 1.54× | ||
| Q1 25 | 1.26× | 2.03× | ||
| Q4 24 | 1.28× | — | ||
| Q3 24 | 1.39× | 1.74× | ||
| Q2 24 | 1.43× | 1.04× |
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 | $73.9M | — |
| 自由现金流经营现金流 - 资本支出 | $65.8M | $-428.3B |
| 自由现金流率自由现金流/营收 | 5.8% | -25547.4% |
| 资本支出强度资本支出/营收 | 0.7% | 3600.5% |
| 现金转化率经营现金流/净利润 | 3.41× | — |
| 过去12个月自由现金流最近4个季度 | $87.8M | $-427.6B |
8季度趋势，按日历期对齐
经营现金流CHEFSON
| Q1 26 | — | — | ||
| Q4 25 | $73.9M | $412.9M | ||
| Q3 25 | $-8.7M | $291.5M | ||
| Q2 25 | $14.5M | $193.4M | ||
| Q1 25 | $49.6M | $-208.1M | ||
| Q4 24 | $73.0M | — | ||
| Q3 24 | $19.8M | $162.1M | ||
| Q2 24 | $29.3M | $109.3M |
自由现金流CHEFSON
| Q1 26 | — | $-428.3B | ||
| Q4 25 | $65.8M | $322.3M | ||
| Q3 25 | $-19.7M | $225.6M | ||
| Q2 25 | $4.5M | $98.6M | ||
| Q1 25 | $37.2M | $-300.8M | ||
| Q4 24 | $64.6M | — | ||
| Q3 24 | $11.8M | $70.5M | ||
| Q2 24 | $13.3M | $16.0M |
自由现金流率CHEFSON
| Q1 26 | — | -25547.4% | ||
| Q4 25 | 5.8% | 18.2% | ||
| Q3 25 | -1.9% | 10.6% | ||
| Q2 25 | 0.4% | 5.2% | ||
| Q1 25 | 3.9% | -17.6% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 1.3% | 4.2% | ||
| Q2 24 | 1.4% | 1.0% |
资本支出强度CHEFSON
| Q1 26 | — | 3600.5% | ||
| Q4 25 | 0.7% | 5.1% | ||
| Q3 25 | 1.1% | 3.1% | ||
| Q2 25 | 1.0% | 5.0% | ||
| Q1 25 | 1.3% | 5.4% | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.9% | 5.5% | ||
| Q2 24 | 1.7% | 5.7% |
现金转化率CHEFSON
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | 1.24× | ||
| Q3 25 | -0.46× | 2.37× | ||
| Q2 25 | 0.68× | 0.39× | ||
| Q1 25 | 4.82× | -3.82× | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | 1.41× | 3.18× | ||
| Q2 24 | 1.89× | 1.20× |
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
CHEF
| Center Of The Plate Product | $459.1M | 40% |
| Dry Goods Product | $175.7M | 15% |
| Pastry Product | $160.5M | 14% |
| Produce | $147.9M | 13% |
| Cheese And Charcuterie Product | $75.3M | 7% |
| Dairy And Eggs Product | $69.2M | 6% |
| Oils And Vinegar Product | $32.4M | 3% |
| Kitchen Supplies Product | $22.4M | 2% |
SON
| Consumer Packaging | $1.1B | 65% |
| Industrial Paper Packaging | $587.5M | 35% |
| All Other | $55.1M | 3% |
