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科迪华（CTVA）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
科迪华的季度营收约是SONOCO PRODUCTS CO的2.3倍（$3.9B vs $1.7B）。SONOCO PRODUCTS CO净利率更高（4.1% vs -14.1%，领先18.2%）。科迪华同比增速更快（-1.7% vs -1.9%）。科迪华自由现金流更多（$4.2B vs $-428.3B）。过去两年SONOCO PRODUCTS CO的营收复合增速更高（1.6% vs -6.7%）
科迪华是一家美国农业科技企业，主营种子与作物保护产品，涵盖除草剂、杀虫剂、杀菌剂及生物制剂，业务覆盖全球110个国家，总部位于印第安纳州印第安纳波利斯，旗下大部分种子产品以先锋良种国际品牌销售。
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。
CTVA vs SON — 直观对比
营收规模更大
CTVA
是对方的2.3倍
$1.7B
营收增速更快
CTVA
高出0.2%
-1.9%
净利率更高
SON
高出18.2%
-14.1%
自由现金流更多
CTVA
多$432.4B
$-428.3B
两年增速更快
SON
近两年复合增速
-6.7%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $1.7B |
| 净利润 | $-552.0M | $68.0M |
| 毛利率 | 42.4% | 20.6% |
| 营业利润率 | -13.6% | 7.6% |
| 净利率 | -14.1% | 4.1% |
| 营收同比 | -1.7% | -1.9% |
| 净利润同比 | -1246.3% | 25.9% |
| 每股收益（稀释后） | $-0.80 | $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CTVASON
| Q1 26 | — | $1.7B | ||
| Q4 25 | $3.9B | $1.8B | ||
| Q3 25 | $2.6B | $2.1B | ||
| Q2 25 | $6.5B | $1.9B | ||
| Q1 25 | $4.4B | $1.7B | ||
| Q4 24 | $4.0B | $64.2M | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $6.1B | $1.6B |
净利润CTVASON
| Q1 26 | — | $68.0M | ||
| Q4 25 | $-552.0M | $332.2M | ||
| Q3 25 | $-320.0M | $122.9M | ||
| Q2 25 | $1.3B | $493.4M | ||
| Q1 25 | $652.0M | $54.4M | ||
| Q4 24 | $-41.0M | $-43.0M | ||
| Q3 24 | $-524.0M | $50.9M | ||
| Q2 24 | $1.1B | $90.8M |
毛利率CTVASON
| Q1 26 | — | 20.6% | ||
| Q4 25 | 42.4% | 19.6% | ||
| Q3 25 | 37.2% | 21.9% | ||
| Q2 25 | 54.6% | 21.3% | ||
| Q1 25 | 47.0% | 20.7% | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 32.7% | 21.4% | ||
| Q2 24 | 52.3% | 22.0% |
营业利润率CTVASON
| Q1 26 | — | 7.6% | ||
| Q4 25 | -13.6% | 29.4% | ||
| Q3 25 | -14.1% | 9.1% | ||
| Q2 25 | 27.9% | 9.2% | ||
| Q1 25 | 17.7% | 7.4% | ||
| Q4 24 | 2.2% | -84.8% | ||
| Q3 24 | -27.2% | 7.6% | ||
| Q2 24 | 21.9% | 8.6% |
净利率CTVASON
| Q1 26 | — | 4.1% | ||
| Q4 25 | -14.1% | 18.8% | ||
| Q3 25 | -12.2% | 5.8% | ||
| Q2 25 | 20.4% | 25.8% | ||
| Q1 25 | 14.8% | 3.2% | ||
| Q4 24 | -1.0% | -67.0% | ||
| Q3 24 | -22.5% | 3.0% | ||
| Q2 24 | 17.2% | 5.6% |
每股收益（稀释后）CTVASON
| Q1 26 | — | $0.68 | ||
| Q4 25 | $-0.80 | $3.33 | ||
| Q3 25 | $-0.47 | $1.23 | ||
| Q2 25 | $1.92 | $4.96 | ||
| Q1 25 | $0.95 | $0.55 | ||
| Q4 24 | $-0.05 | $-0.44 | ||
| Q3 24 | $-0.76 | $0.51 | ||
| Q2 24 | $1.51 | $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 | $4.5B | $224.5M |
| 总债务越低越好 | $1.7B | $3.5B |
| 股东权益账面价值 | $24.1B | $3.6B |
| 总资产 | $42.8B | $11.1B |
| 负债/权益比越低杠杆越低 | 0.07× | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资CTVASON
| Q1 26 | — | $224.5M | ||
| Q4 25 | $4.5B | $378.4M | ||
| Q3 25 | $2.6B | $244.9M | ||
| Q2 25 | $2.1B | $329.8M | ||
| Q1 25 | $2.0B | $181.8M | ||
| Q4 24 | $3.2B | $431.0M | ||
| Q3 24 | $2.5B | $1.9B | ||
| Q2 24 | $2.0B | $140.2M |
总债务CTVASON
| Q1 26 | — | $3.5B | ||
| Q4 25 | $1.7B | $3.8B | ||
| Q3 25 | $1.7B | $3.8B | ||
| Q2 25 | $1.7B | $5.0B | ||
| Q1 25 | $1.8B | $5.0B | ||
| Q4 24 | $2.0B | $5.0B | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $2.5B | $2.5B |
股东权益CTVASON
| Q1 26 | — | $3.6B | ||
| Q4 25 | $24.1B | $3.6B | ||
| Q3 25 | $25.2B | $3.3B | ||
| Q2 25 | $25.9B | $3.2B | ||
| Q1 25 | $24.3B | $2.4B | ||
| Q4 24 | $23.8B | $2.3B | ||
| Q3 24 | $24.7B | $2.5B | ||
| Q2 24 | $25.2B | $2.4B |
总资产CTVASON
| Q1 26 | — | $11.1B | ||
| Q4 25 | $42.8B | $11.2B | ||
| Q3 25 | $42.2B | $11.7B | ||
| Q2 25 | $41.8B | $12.0B | ||
| Q1 25 | $42.1B | $12.7B | ||
| Q4 24 | $40.8B | $12.5B | ||
| Q3 24 | $41.9B | $9.0B | ||
| Q2 24 | $41.5B | $7.2B |
负债/权益比CTVASON
| Q1 26 | — | 0.97× | ||
| Q4 25 | 0.07× | 1.05× | ||
| Q3 25 | 0.07× | 1.15× | ||
| Q2 25 | 0.07× | 1.54× | ||
| Q1 25 | 0.07× | 2.03× | ||
| Q4 24 | 0.08× | 2.19× | ||
| Q3 24 | 0.08× | 1.74× | ||
| Q2 24 | 0.10× | 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 | $4.4B | — |
| 自由现金流经营现金流 - 资本支出 | $4.2B | $-428.3B |
| 自由现金流率自由现金流/营收 | 106.2% | -25547.4% |
| 资本支出强度资本支出/营收 | 5.7% | 3600.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $2.8B | $-427.6B |
8季度趋势，按日历期对齐
经营现金流CTVASON
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $412.9M | ||
| Q3 25 | $193.0M | $291.5M | ||
| Q2 25 | $947.0M | $193.4M | ||
| Q1 25 | $-2.1B | $-208.1M | ||
| Q4 24 | $4.2B | $396.2M | ||
| Q3 24 | $130.0M | $162.1M | ||
| Q2 24 | $451.0M | $109.3M |
自由现金流CTVASON
| Q1 26 | — | $-428.3B | ||
| Q4 25 | $4.2B | $322.3M | ||
| Q3 25 | $36.0M | $225.6M | ||
| Q2 25 | $829.0M | $98.6M | ||
| Q1 25 | $-2.2B | $-300.8M | ||
| Q4 24 | $4.0B | $274.3M | ||
| Q3 24 | $-24.0M | $70.5M | ||
| Q2 24 | $337.0M | $16.0M |
自由现金流率CTVASON
| Q1 26 | — | -25547.4% | ||
| Q4 25 | 106.2% | 18.2% | ||
| Q3 25 | 1.4% | 10.6% | ||
| Q2 25 | 12.8% | 5.2% | ||
| Q1 25 | -49.9% | -17.6% | ||
| Q4 24 | 100.4% | 427.6% | ||
| Q3 24 | -1.0% | 4.2% | ||
| Q2 24 | 5.5% | 1.0% |
资本支出强度CTVASON
| Q1 26 | — | 3600.5% | ||
| Q4 25 | 5.7% | 5.1% | ||
| Q3 25 | 6.0% | 3.1% | ||
| Q2 25 | 1.8% | 5.0% | ||
| Q1 25 | 2.1% | 5.4% | ||
| Q4 24 | 4.6% | 190.0% | ||
| Q3 24 | 6.6% | 5.5% | ||
| Q2 24 | 1.9% | 5.7% |
现金转化率CTVASON
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | 0.72× | 0.39× | ||
| Q1 25 | -3.23× | -3.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | 0.43× | 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
CTVA
| Corn | $1.4B | 35% |
| Herbicides | $1.1B | 27% |
| Insecticides | $488.0M | 12% |
| Fungicides | $272.0M | 7% |
| Biologicals | $191.0M | 5% |
| Soybean | $164.0M | 4% |
| Other | $160.0M | 4% |
| Otheroilseeds | $94.0M | 2% |
SON
| Consumer Packaging | $1.1B | 65% |
| Industrial Paper Packaging | $587.5M | 35% |
| All Other | $55.1M | 3% |
