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金宝汤（CPB）与荷美尔食品（HRL）财务数据对比。点击上方公司名可切换其他公司
荷美尔食品的季度营收约是金宝汤的1.2倍（$3.2B vs $2.7B），金宝汤净利率更高（7.2% vs -1.8%，领先9.0%），荷美尔食品同比增速更快（1.5% vs -3.4%），荷美尔食品自由现金流更多（$231.4M vs $97.0M），过去两年金宝汤的营收复合增速更高（4.4% vs 3.1%）
金宝汤是美国知名食品企业，核心旗舰产品为罐装汤品。其品牌旗下众多产品采用的经典红白罐设计已成为美国文化符号之一，艺术家安迪·沃霍尔创作的金宝汤罐系列波普艺术作品更让这一设计广为人知。
荷美尔食品是1891年于美国明尼苏达州奥斯汀成立的跨国食品加工企业，由乔治·A·荷美尔创立。品牌最初主营火腿、香肠等各类畜肉产品的包装与销售，1937年推出斯帕姆午餐肉，上世纪80年代起逐步拓展多元化包装及冷藏食品产品线。
CPB vs HRL — 直观对比
营收规模更大
HRL
是对方的1.2倍
$2.7B
营收增速更快
HRL
高出4.9%
-3.4%
净利率更高
CPB
高出9.0%
-1.8%
自由现金流更多
HRL
多$134.4M
$97.0M
两年增速更快
CPB
近两年复合增速
3.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $3.2B |
| 净利润 | $194.0M | $-56.1M |
| 毛利率 | 29.6% | 14.0% |
| 营业利润率 | 12.6% | 0.1% |
| 净利率 | 7.2% | -1.8% |
| 营收同比 | -3.4% | 1.5% |
| 净利润同比 | -11.0% | -125.5% |
| 每股收益（稀释后） | $0.65 | $-0.10 |
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CPBHRL
| Q4 25 | $2.7B | $3.2B | ||
| Q3 25 | $2.3B | $3.0B | ||
| Q2 25 | $2.5B | $2.9B | ||
| Q1 25 | $2.7B | $3.0B | ||
| Q4 24 | $2.8B | $3.1B | ||
| Q3 24 | $2.3B | $2.9B | ||
| Q2 24 | $2.4B | $2.9B | ||
| Q1 24 | $2.5B | $3.0B |
净利润CPBHRL
| Q4 25 | $194.0M | $-56.1M | ||
| Q3 25 | $145.0M | $183.7M | ||
| Q2 25 | $66.0M | $180.0M | ||
| Q1 25 | $173.0M | $170.6M | ||
| Q4 24 | $218.0M | $220.2M | ||
| Q3 24 | $-3.0M | $176.7M | ||
| Q2 24 | $133.0M | $189.3M | ||
| Q1 24 | $203.0M | $218.9M |
毛利率CPBHRL
| Q4 25 | 29.6% | 14.0% | ||
| Q3 25 | 30.4% | 16.1% | ||
| Q2 25 | 29.4% | 16.7% | ||
| Q1 25 | 30.5% | 15.9% | ||
| Q4 24 | 31.3% | 16.6% | ||
| Q3 24 | 29.4% | 16.8% | ||
| Q2 24 | 30.9% | 17.4% | ||
| Q1 24 | 31.6% | 17.0% |
营业利润率CPBHRL
| Q4 25 | 12.6% | 0.1% | ||
| Q3 25 | 11.6% | 7.9% | ||
| Q2 25 | 6.5% | 8.6% | ||
| Q1 25 | 12.2% | 7.6% | ||
| Q4 24 | 13.2% | 9.4% | ||
| Q3 24 | 3.4% | 8.2% | ||
| Q2 24 | 10.5% | 8.7% | ||
| Q1 24 | 12.9% | 9.5% |
净利率CPBHRL
| Q4 25 | 7.2% | -1.8% | ||
| Q3 25 | 6.2% | 6.1% | ||
| Q2 25 | 2.7% | 6.2% | ||
| Q1 25 | 6.4% | 5.7% | ||
| Q4 24 | 7.9% | 7.0% | ||
| Q3 24 | -0.1% | 6.1% | ||
| Q2 24 | 5.6% | 6.6% | ||
| Q1 24 | 8.3% | 7.3% |
每股收益（稀释后）CPBHRL
| Q4 25 | $0.65 | $-0.10 | ||
| Q3 25 | $0.49 | $0.33 | ||
| Q2 25 | $0.22 | $0.33 | ||
| Q1 25 | $0.58 | $0.31 | ||
| Q4 24 | $0.72 | $0.41 | ||
| Q3 24 | $-0.01 | $0.32 | ||
| Q2 24 | $0.44 | $0.34 | ||
| Q1 24 | $0.68 | $0.40 |
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 | $168.0M | $703.6M |
| 总债务越低越好 | $6.1B | $2.9B |
| 股东权益账面价值 | $4.0B | $7.9B |
| 总资产 | $15.2B | $13.4B |
| 负债/权益比越低杠杆越低 | 1.54× | 0.36× |
8季度趋势，按日历期对齐
现金及短期投资CPBHRL
| Q4 25 | $168.0M | $703.6M | ||
| Q3 25 | $132.0M | $630.7M | ||
| Q2 25 | $143.0M | $699.0M | ||
| Q1 25 | $829.0M | $866.4M | ||
| Q4 24 | $808.0M | $766.6M | ||
| Q3 24 | $108.0M | $561.9M | ||
| Q2 24 | $107.0M | $1.5B | ||
| Q1 24 | $169.0M | $981.9M |
总债务CPBHRL
| Q4 25 | $6.1B | $2.9B | ||
| Q3 25 | $6.1B | $2.9B | ||
| Q2 25 | $6.1B | $2.9B | ||
| Q1 25 | $6.5B | $2.9B | ||
| Q4 24 | $6.7B | $2.9B | ||
| Q3 24 | $5.8B | $2.9B | ||
| Q2 24 | $5.8B | $2.9B | ||
| Q1 24 | $4.5B | $2.4B |
股东权益CPBHRL
| Q4 25 | $4.0B | $7.9B | ||
| Q3 25 | $3.9B | $8.1B | ||
| Q2 25 | $3.9B | $8.0B | ||
| Q1 25 | $3.9B | $8.0B | ||
| Q4 24 | $3.8B | $8.0B | ||
| Q3 24 | $3.8B | $7.9B | ||
| Q2 24 | $3.9B | $7.9B | ||
| Q1 24 | $3.8B | $7.8B |
总资产CPBHRL
| Q4 25 | $15.2B | $13.4B | ||
| Q3 25 | $14.9B | $13.5B | ||
| Q2 25 | $14.8B | $13.4B | ||
| Q1 25 | $15.9B | $13.4B | ||
| Q4 24 | $16.1B | $13.4B | ||
| Q3 24 | $15.2B | $13.1B | ||
| Q2 24 | $15.2B | $14.1B | ||
| Q1 24 | $12.1B | $13.5B |
负债/权益比CPBHRL
| Q4 25 | 1.54× | 0.36× | ||
| Q3 25 | 1.56× | 0.35× | ||
| Q2 25 | 1.58× | 0.35× | ||
| Q1 25 | 1.66× | 0.36× | ||
| Q4 24 | 1.75× | 0.36× | ||
| Q3 24 | 1.52× | 0.36× | ||
| Q2 24 | 1.47× | 0.36× | ||
| Q1 24 | 1.17× | 0.30× |
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 | $224.0M | $322.9M |
| 自由现金流经营现金流 - 资本支出 | $97.0M | $231.4M |
| 自由现金流率自由现金流/营收 | 3.6% | 7.3% |
| 资本支出强度资本支出/营收 | 4.7% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.15× | — |
| 过去12个月自由现金流最近4个季度 | $687.0M | $534.3M |
8季度趋势，按日历期对齐
经营现金流CPBHRL
| Q4 25 | $224.0M | $322.9M | ||
| Q3 25 | $259.0M | $156.7M | ||
| Q2 25 | $135.0M | $56.4M | ||
| Q1 25 | $512.0M | $309.2M | ||
| Q4 24 | $225.0M | $408.6M | ||
| Q3 24 | $288.0M | $218.0M | ||
| Q2 24 | $213.0M | $236.1M | ||
| Q1 24 | $510.0M | $404.0M |
自由现金流CPBHRL
| Q4 25 | $97.0M | $231.4M | ||
| Q3 25 | $129.0M | $84.5M | ||
| Q2 25 | $50.0M | $-18.6M | ||
| Q1 25 | $411.0M | $237.0M | ||
| Q4 24 | $115.0M | $324.8M | ||
| Q3 24 | $147.0M | $152.5M | ||
| Q2 24 | $100.0M | $176.2M | ||
| Q1 24 | $390.0M | $356.8M |
自由现金流率CPBHRL
| Q4 25 | 3.6% | 7.3% | ||
| Q3 25 | 5.6% | 2.8% | ||
| Q2 25 | 2.0% | -0.6% | ||
| Q1 25 | 15.3% | 7.9% | ||
| Q4 24 | 4.1% | 10.4% | ||
| Q3 24 | 6.4% | 5.3% | ||
| Q2 24 | 4.2% | 6.1% | ||
| Q1 24 | 15.9% | 11.9% |
资本支出强度CPBHRL
| Q4 25 | 4.7% | 2.9% | ||
| Q3 25 | 5.6% | 2.4% | ||
| Q2 25 | 3.4% | 2.6% | ||
| Q1 25 | 3.8% | 2.4% | ||
| Q4 24 | 4.0% | 2.7% | ||
| Q3 24 | 6.1% | 2.3% | ||
| Q2 24 | 4.8% | 2.1% | ||
| Q1 24 | 4.9% | 1.6% |
现金转化率CPBHRL
| Q4 25 | 1.15× | — | ||
| Q3 25 | 1.79× | 0.85× | ||
| Q2 25 | 2.05× | 0.31× | ||
| Q1 25 | 2.96× | 1.81× | ||
| Q4 24 | 1.03× | 1.86× | ||
| Q3 24 | — | 1.23× | ||
| Q2 24 | 1.60× | 1.25× | ||
| Q1 24 | 2.51× | 1.85× |
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
CPB
| Baked Snacks | $995.0M | 37% |
| Snacks | $914.0M | 34% |
| Simple Meals | $580.0M | 22% |
| Beverages | $168.0M | 6% |
HRL
| Retail Segment | $1.9B | 60% |
| Foodservice Segment | $1.1B | 34% |
| Other | $174.7M | 5% |
