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DT Midstream, Inc.（DTM）与J&J SNACK FOODS CORP（JJSF）财务数据对比。点击上方公司名可切换其他公司
J&J SNACK FOODS CORP的季度营收约是DT Midstream, Inc.的1.1倍（$343.8M vs $317.0M），DT Midstream, Inc.净利率更高（35.0% vs 0.3%，领先34.8%），DT Midstream, Inc.同比增速更快（27.3% vs -5.2%），DT Midstream, Inc.自由现金流更多（$30.0M vs $17.0M），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% vs -2.2%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
DTM vs JJSF — 直观对比
营收规模更大
JJSF
是对方的1.1倍
$317.0M
营收增速更快
DTM
高出32.5%
-5.2%
净利率更高
DTM
高出34.8%
0.3%
自由现金流更多
DTM
多$13.0M
$17.0M
两年增速更快
DTM
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $343.8M |
| 净利润 | $111.0M | $883.0K |
| 毛利率 | — | 27.9% |
| 营业利润率 | 49.2% | 0.2% |
| 净利率 | 35.0% | 0.3% |
| 营收同比 | 27.3% | -5.2% |
| 净利润同比 | 52.1% | -82.8% |
| 每股收益（稀释后） | $1.07 | $0.05 |
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DTMJJSF
| Q4 25 | $317.0M | $343.8M | ||
| Q3 25 | $314.0M | $410.2M | ||
| Q2 25 | $309.0M | $454.3M | ||
| Q1 25 | $303.0M | $356.1M | ||
| Q4 24 | $249.0M | $362.6M | ||
| Q3 24 | $248.0M | $426.8M | ||
| Q2 24 | $244.0M | $440.0M | ||
| Q1 24 | $240.0M | $359.7M |
净利润DTMJJSF
| Q4 25 | $111.0M | $883.0K | ||
| Q3 25 | $115.0M | $11.4M | ||
| Q2 25 | $107.0M | $44.2M | ||
| Q1 25 | $108.0M | $4.8M | ||
| Q4 24 | $73.0M | $5.1M | ||
| Q3 24 | $88.0M | $29.6M | ||
| Q2 24 | $96.0M | $36.3M | ||
| Q1 24 | $97.0M | $13.3M |
毛利率DTMJJSF
| Q4 25 | — | 27.9% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 31.8% | ||
| Q2 24 | — | 33.6% | ||
| Q1 24 | — | 30.1% |
营业利润率DTMJJSF
| Q4 25 | 49.2% | 0.2% | ||
| Q3 25 | 49.4% | 2.8% | ||
| Q2 25 | 50.2% | 13.3% | ||
| Q1 25 | 48.8% | 1.7% | ||
| Q4 24 | 45.4% | 1.7% | ||
| Q3 24 | 49.2% | 9.3% | ||
| Q2 24 | 53.3% | 11.4% | ||
| Q1 24 | 51.7% | 5.0% |
净利率DTMJJSF
| Q4 25 | 35.0% | 0.3% | ||
| Q3 25 | 36.6% | 2.8% | ||
| Q2 25 | 34.6% | 9.7% | ||
| Q1 25 | 35.6% | 1.4% | ||
| Q4 24 | 29.3% | 1.4% | ||
| Q3 24 | 35.5% | 6.9% | ||
| Q2 24 | 39.3% | 8.3% | ||
| Q1 24 | 40.4% | 3.7% |
每股收益（稀释后）DTMJJSF
| Q4 25 | $1.07 | $0.05 | ||
| Q3 25 | $1.13 | $0.59 | ||
| Q2 25 | $1.04 | $2.26 | ||
| Q1 25 | $1.06 | $0.25 | ||
| Q4 24 | $0.73 | $0.26 | ||
| Q3 24 | $0.90 | $1.52 | ||
| Q2 24 | $0.98 | $1.87 | ||
| Q1 24 | $0.99 | $0.69 |
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 | $54.0M | $66.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $912.9M |
| 总资产 | $10.1B | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DTMJJSF
| Q4 25 | $54.0M | $66.8M | ||
| Q3 25 | $98.0M | $105.9M | ||
| Q2 25 | $74.0M | $77.4M | ||
| Q1 25 | $83.0M | $48.5M | ||
| Q4 24 | $68.0M | $73.6M | ||
| Q3 24 | $77.0M | $73.4M | ||
| Q2 24 | $73.0M | $64.0M | ||
| Q1 24 | $41.0M | $43.6M |
总债务DTMJJSF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DTMJJSF
| Q4 25 | $4.7B | $912.9M | ||
| Q3 25 | $4.7B | $966.7M | ||
| Q2 25 | $4.7B | $969.9M | ||
| Q1 25 | $4.6B | $935.0M | ||
| Q4 24 | $4.6B | $946.8M | ||
| Q3 24 | $4.2B | $957.0M | ||
| Q2 24 | $4.2B | $937.9M | ||
| Q1 24 | $4.2B | $915.7M |
总资产DTMJJSF
| Q4 25 | $10.1B | $1.3B | ||
| Q3 25 | $10.1B | $1.4B | ||
| Q2 25 | $10.0B | $1.4B | ||
| Q1 25 | $9.9B | $1.4B | ||
| Q4 24 | $9.9B | $1.3B | ||
| Q3 24 | $8.6B | $1.4B | ||
| Q2 24 | $9.0B | $1.4B | ||
| Q1 24 | $9.0B | $1.3B |
负债/权益比DTMJJSF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $161.0M | $36.0M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $17.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 4.9% |
| 资本支出强度资本支出/营收 | 41.3% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.45× | 40.73× |
| 过去12个月自由现金流最近4个季度 | $441.0M | $83.1M |
8季度趋势，按日历期对齐
经营现金流DTMJJSF
| Q4 25 | $161.0M | $36.0M | ||
| Q3 25 | $274.0M | $66.4M | ||
| Q2 25 | $185.0M | $51.2M | ||
| Q1 25 | $247.0M | $12.3M | ||
| Q4 24 | $152.0M | $35.2M | ||
| Q3 24 | $205.0M | $46.3M | ||
| Q2 24 | $165.0M | $65.0M | ||
| Q1 24 | $241.0M | $12.7M |
自由现金流DTMJJSF
| Q4 25 | $30.0M | $17.0M | ||
| Q3 25 | $131.0M | $44.8M | ||
| Q2 25 | $104.0M | $28.5M | ||
| Q1 25 | $176.0M | $-7.2M | ||
| Q4 24 | $62.0M | $16.1M | ||
| Q3 24 | $124.0M | $29.1M | ||
| Q2 24 | $84.0M | $45.3M | ||
| Q1 24 | $143.0M | $-4.0M |
自由现金流率DTMJJSF
| Q4 25 | 9.5% | 4.9% | ||
| Q3 25 | 41.7% | 10.9% | ||
| Q2 25 | 33.7% | 6.3% | ||
| Q1 25 | 58.1% | -2.0% | ||
| Q4 24 | 24.9% | 4.4% | ||
| Q3 24 | 50.0% | 6.8% | ||
| Q2 24 | 34.4% | 10.3% | ||
| Q1 24 | 59.6% | -1.1% |
资本支出强度DTMJJSF
| Q4 25 | 41.3% | 5.5% | ||
| Q3 25 | 45.5% | 5.3% | ||
| Q2 25 | 26.2% | 5.0% | ||
| Q1 25 | 23.4% | 5.5% | ||
| Q4 24 | 36.1% | 5.3% | ||
| Q3 24 | 32.7% | 4.0% | ||
| Q2 24 | 33.2% | 4.5% | ||
| Q1 24 | 40.8% | 4.6% |
现金转化率DTMJJSF
| Q4 25 | 1.45× | 40.73× | ||
| Q3 25 | 2.38× | 5.84× | ||
| Q2 25 | 1.73× | 1.16× | ||
| Q1 25 | 2.29× | 2.55× | ||
| Q4 24 | 2.08× | 6.84× | ||
| Q3 24 | 2.33× | 1.56× | ||
| Q2 24 | 1.72× | 1.79× | ||
| Q1 24 | 2.48× | 0.96× |
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
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
