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加拿大国家铁路（CP）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
史密斯菲尔德食品的季度营收约是加拿大国家铁路的1.3倍（$3.8B vs $2.8B），加拿大国家铁路净利率更高（27.7% vs 6.6%，领先21.1%），加拿大国家铁路同比增速更快（1.3% vs 0.8%），过去两年加拿大国家铁路的营收复合增速更高（5.6% vs 5.5%）
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
CP vs SFD — 直观对比
营收规模更大
SFD
是对方的1.3倍
$2.8B
营收增速更快
CP
高出0.5%
0.8%
净利率更高
CP
高出21.1%
6.6%
两年增速更快
CP
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $3.8B |
| 净利润 | $786.2M | $249.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 41.4% | 8.8% |
| 净利率 | 27.7% | 6.6% |
| 营收同比 | 1.3% | 0.8% |
| 净利润同比 | -10.3% | 9.7% |
| 每股收益（稀释后） | — | — |
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CPSFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.8B | $4.2B | ||
| Q3 25 | $2.7B | $3.7B | ||
| Q2 25 | $2.7B | $3.8B | ||
| Q1 25 | $2.8B | $3.8B | ||
| Q4 24 | $2.8B | $4.0B | ||
| Q3 24 | $2.6B | $3.3B | ||
| Q2 24 | $2.6B | $3.4B |
净利润CPSFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $786.2M | $327.0M | ||
| Q3 25 | $671.6M | $248.0M | ||
| Q2 25 | $900.8M | $188.0M | ||
| Q1 25 | $664.3M | $224.0M | ||
| Q4 24 | $876.7M | $205.0M | ||
| Q3 24 | $611.0M | $291.0M | ||
| Q2 24 | $660.6M | $301.0M |
毛利率CPSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 15.4% |
营业利润率CPSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 41.4% | 9.5% | ||
| Q3 25 | 36.8% | 8.3% | ||
| Q2 25 | 36.6% | 6.9% | ||
| Q1 25 | 35.0% | 8.5% | ||
| Q4 24 | 40.6% | 8.5% | ||
| Q3 24 | 34.3% | 8.5% | ||
| Q2 24 | 35.4% | 9.8% |
净利率CPSFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 27.7% | 7.7% | ||
| Q3 25 | 25.3% | 6.6% | ||
| Q2 25 | 33.6% | 5.0% | ||
| Q1 25 | 24.2% | 5.9% | ||
| Q4 24 | 31.2% | 5.2% | ||
| Q3 24 | 23.9% | 8.7% | ||
| Q2 24 | 25.3% | 8.8% |
每股收益（稀释后）CPSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $0.83 | ||
| Q3 25 | — | $0.63 | ||
| Q2 25 | — | $0.48 | ||
| Q1 25 | — | $0.57 | ||
| Q4 24 | — | $0.54 | ||
| Q3 24 | — | $0.77 | ||
| Q2 24 | — | $0.79 |
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 | $134.3M | $1.4B |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $33.5B | $6.9B |
| 总资产 | $62.7B | $12.0B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资CPSFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $134.3M | — | ||
| Q3 25 | $300.0M | — | ||
| Q2 25 | $583.3M | — | ||
| Q1 25 | $507.4M | — | ||
| Q4 24 | $539.5M | — | ||
| Q3 24 | $338.0M | — | ||
| Q2 24 | $406.6M | — |
总债务CPSFD
| Q1 26 | — | — | ||
| Q4 25 | $14.6B | $2.0B | ||
| Q3 25 | $15.8B | $2.0B | ||
| Q2 25 | $15.5B | $2.0B | ||
| Q1 25 | $15.4B | $2.0B | ||
| Q4 24 | $14.5B | $2.0B | ||
| Q3 24 | $13.7B | — | ||
| Q2 24 | $13.8B | — |
股东权益CPSFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $33.5B | $6.8B | ||
| Q3 25 | $33.4B | $6.5B | ||
| Q2 25 | $33.7B | $6.3B | ||
| Q1 25 | $35.2B | $6.2B | ||
| Q4 24 | $35.0B | $5.8B | ||
| Q3 24 | $32.2B | — | ||
| Q2 24 | $32.0B | — |
总资产CPSFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $62.7B | $12.2B | ||
| Q3 25 | $63.3B | $11.5B | ||
| Q2 25 | $62.2B | $11.2B | ||
| Q1 25 | $64.3B | $11.1B | ||
| Q4 24 | $64.1B | $11.1B | ||
| Q3 24 | $60.0B | — | ||
| Q2 24 | $60.4B | — |
负债/权益比CPSFD
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 0.29× | ||
| Q3 25 | 0.47× | 0.31× | ||
| Q2 25 | 0.46× | 0.32× | ||
| Q1 25 | 0.44× | 0.32× | ||
| Q4 24 | 0.41× | 0.34× | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.43× | — |
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 | $1.1B | — |
| 自由现金流经营现金流 - 资本支出 | $537.3M | — |
| 自由现金流率自由现金流/营收 | 18.9% | — |
| 资本支出强度资本支出/营收 | 20.2% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | — |
8季度趋势，按日历期对齐
经营现金流CPSFD
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $938.0M | ||
| Q3 25 | $930.0M | $13.0M | ||
| Q2 25 | $989.1M | $274.0M | ||
| Q1 25 | $843.9M | $-166.0M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $928.6M | — | ||
| Q2 24 | $932.9M | — |
自由现金流CPSFD
| Q1 26 | — | — | ||
| Q4 25 | $537.3M | $842.0M | ||
| Q3 25 | $302.2M | $-75.0M | ||
| Q2 25 | $446.8M | $196.0M | ||
| Q1 25 | $324.9M | $-245.0M | ||
| Q4 24 | $702.3M | — | ||
| Q3 24 | $382.5M | — | ||
| Q2 24 | $343.1M | — |
自由现金流率CPSFD
| Q1 26 | — | — | ||
| Q4 25 | 18.9% | 19.9% | ||
| Q3 25 | 11.4% | -2.0% | ||
| Q2 25 | 16.7% | 5.2% | ||
| Q1 25 | 11.8% | -6.5% | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 13.1% | — |
资本支出强度CPSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 20.2% | 2.3% | ||
| Q3 25 | 23.7% | 2.3% | ||
| Q2 25 | 20.2% | 2.1% | ||
| Q1 25 | 18.9% | 2.1% | ||
| Q4 24 | 19.3% | 2.1% | ||
| Q3 24 | 21.4% | 2.8% | ||
| Q2 24 | 22.6% | 2.3% |
现金转化率CPSFD
| Q1 26 | — | — | ||
| Q4 25 | 1.42× | 2.87× | ||
| Q3 25 | 1.38× | 0.05× | ||
| Q2 25 | 1.10× | 1.46× | ||
| Q1 25 | 1.27× | -0.74× | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.41× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
