vs
FARMER BROTHERS CO（FARM）与MARINE PRODUCTS CORP（MPX）财务数据对比。点击上方公司名可切换其他公司
FARMER BROTHERS CO的季度营收约是MARINE PRODUCTS CORP的1.4倍（$88.9M vs $64.6M），MARINE PRODUCTS CORP净利率更高（3.7% vs -5.5%，领先9.1%），MARINE PRODUCTS CORP同比增速更快（35.0% vs -1.2%），MARINE PRODUCTS CORP自由现金流更多（$4.1M vs $-2.6M），过去两年FARMER BROTHERS CO的营收复合增速更高（2.1% vs -3.5%）
Farmer Bros. Co.是一家总部位于美国得克萨斯州沃斯堡的餐饮服务企业，主打咖啡与茶类产品的生产分销，同时还供应约300种餐厅及其他经营场所所需的餐饮配套用品，目前由约翰·摩尔担任公司首席执行官兼总裁。
Marine Products Corp旗下的West Marine是一家总部位于美国佛罗里达州劳德代尔堡的企业，在北美地区经营247家船艇用品及渔具零售连锁店，同时运营名为蓝色未来的非营利组织，品牌旗舰店面积超5万平方英尺，于2011年11月11日在劳德代尔堡正式开业。
FARM vs MPX — 直观对比
营收规模更大
FARM
是对方的1.4倍
$64.6M
营收增速更快
MPX
高出36.3%
-1.2%
净利率更高
MPX
高出9.1%
-5.5%
自由现金流更多
MPX
多$6.8M
$-2.6M
两年增速更快
FARM
近两年复合增速
-3.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $88.9M | $64.6M |
| 净利润 | $-4.9M | $2.4M |
| 毛利率 | 36.3% | 19.6% |
| 营业利润率 | -4.7% | 5.8% |
| 净利率 | -5.5% | 3.7% |
| 营收同比 | -1.2% | 35.0% |
| 净利润同比 | -2417.1% | -44.6% |
| 每股收益（稀释后） | $-0.22 | $0.07 |
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FARMMPX
| Q4 25 | $88.9M | $64.6M | ||
| Q3 25 | $81.6M | $53.1M | ||
| Q2 25 | $85.1M | $67.7M | ||
| Q1 25 | $82.1M | $59.0M | ||
| Q4 24 | $90.0M | $47.8M | ||
| Q3 24 | $85.1M | $49.9M | ||
| Q2 24 | $84.4M | $69.5M | ||
| Q1 24 | $85.4M | $69.3M |
净利润FARMMPX
| Q4 25 | $-4.9M | $2.4M | ||
| Q3 25 | $-4.0M | $2.6M | ||
| Q2 25 | $-4.7M | $4.2M | ||
| Q1 25 | $-5.0M | $2.2M | ||
| Q4 24 | $210.0K | $4.3M | ||
| Q3 24 | $-5.0M | $3.4M | ||
| Q2 24 | $-4.6M | $5.6M | ||
| Q1 24 | $-682.0K | $4.6M |
毛利率FARMMPX
| Q4 25 | 36.3% | 19.6% | ||
| Q3 25 | 39.7% | 19.2% | ||
| Q2 25 | 44.9% | 19.1% | ||
| Q1 25 | 42.1% | 18.6% | ||
| Q4 24 | 43.1% | 19.2% | ||
| Q3 24 | 43.9% | 18.4% | ||
| Q2 24 | 38.8% | 18.9% | ||
| Q1 24 | 40.1% | 20.2% |
营业利润率FARMMPX
| Q4 25 | -4.7% | 5.8% | ||
| Q3 25 | -3.9% | 5.4% | ||
| Q2 25 | 4.6% | 7.1% | ||
| Q1 25 | -4.3% | 4.4% | ||
| Q4 24 | 1.1% | 7.7% | ||
| Q3 24 | -3.3% | 7.2% | ||
| Q2 24 | -4.9% | 8.3% | ||
| Q1 24 | -0.5% | 7.6% |
净利率FARMMPX
| Q4 25 | -5.5% | 3.7% | ||
| Q3 25 | -4.9% | 5.0% | ||
| Q2 25 | -5.6% | 6.1% | ||
| Q1 25 | -6.1% | 3.7% | ||
| Q4 24 | 0.2% | 8.9% | ||
| Q3 24 | -5.9% | 6.8% | ||
| Q2 24 | -5.4% | 8.0% | ||
| Q1 24 | -0.8% | 6.6% |
每股收益（稀释后）FARMMPX
| Q4 25 | $-0.22 | $0.07 | ||
| Q3 25 | $-0.19 | $0.07 | ||
| Q2 25 | $-0.22 | $0.12 | ||
| Q1 25 | $-0.23 | $0.06 | ||
| Q4 24 | $0.01 | $0.13 | ||
| Q3 24 | $-0.24 | $0.10 | ||
| Q2 24 | $-0.23 | $0.14 | ||
| Q1 24 | $-0.03 | $0.13 |
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 | $4.2M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $35.7M | $125.0M |
| 总资产 | $151.4M | $147.2M |
| 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FARMMPX
| Q4 25 | $4.2M | — | ||
| Q3 25 | $3.8M | — | ||
| Q2 25 | $6.8M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | $5.5M | — | ||
| Q3 24 | $3.3M | — | ||
| Q2 24 | $5.8M | — | ||
| Q1 24 | $5.5M | — |
股东权益FARMMPX
| Q4 25 | $35.7M | $125.0M | ||
| Q3 25 | $40.0M | $126.3M | ||
| Q2 25 | $43.5M | $127.2M | ||
| Q1 25 | $37.3M | $126.4M | ||
| Q4 24 | $41.5M | $129.0M | ||
| Q3 24 | $40.9M | $128.8M | ||
| Q2 24 | $45.5M | $129.3M | ||
| Q1 24 | $43.1M | $151.4M |
总资产FARMMPX
| Q4 25 | $151.4M | $147.2M | ||
| Q3 25 | $158.8M | $179.5M | ||
| Q2 25 | $161.2M | $173.2M | ||
| Q1 25 | $163.2M | $182.9M | ||
| Q4 24 | $179.1M | $171.2M | ||
| Q3 24 | $182.0M | $176.3M | ||
| Q2 24 | $185.2M | $175.7M | ||
| Q1 24 | $179.1M | $204.0M |
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 | $-786.0K | $4.7M |
| 自由现金流经营现金流 - 资本支出 | $-2.6M | $4.1M |
| 自由现金流率自由现金流/营收 | -2.9% | 6.4% |
| 资本支出强度资本支出/营收 | 2.1% | 0.9% |
| 现金转化率经营现金流/净利润 | — | 2.00× |
| 过去12个月自由现金流最近4个季度 | — | $14.9M |
8季度趋势，按日历期对齐
经营现金流FARMMPX
| Q4 25 | $-786.0K | $4.7M | ||
| Q3 25 | $-5.0M | $2.6M | ||
| Q2 25 | $9.7M | $-1.6M | ||
| Q1 25 | $1.3M | $10.8M | ||
| Q4 24 | $2.6M | $4.6M | ||
| Q3 24 | $2.5M | $5.1M | ||
| Q2 24 | $-995.0K | $3.8M | ||
| Q1 24 | $-2.3M | $15.9M |
自由现金流FARMMPX
| Q4 25 | $-2.6M | $4.1M | ||
| Q3 25 | $-6.9M | $2.1M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | $-684.0K | $10.7M | ||
| Q4 24 | $521.0K | $3.6M | ||
| Q3 24 | $-837.0K | $3.2M | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | $-5.7M | $15.0M |
自由现金流率FARMMPX
| Q4 25 | -2.9% | 6.4% | ||
| Q3 25 | -8.5% | 4.0% | ||
| Q2 25 | — | -3.0% | ||
| Q1 25 | -0.8% | 18.1% | ||
| Q4 24 | 0.6% | 7.6% | ||
| Q3 24 | -1.0% | 6.5% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | -6.7% | 21.7% |
资本支出强度FARMMPX
| Q4 25 | 2.1% | 0.9% | ||
| Q3 25 | 2.4% | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 2.3% | 2.1% | ||
| Q3 24 | 3.9% | 3.8% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | 4.0% | 1.3% |
现金转化率FARMMPX
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | 12.16× | 1.09× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 3.46× |
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
FARM
| Coffee Roasted | $45.5M | 51% |
| Tea Iced Hot | $23.3M | 26% |
| Culinary | $14.1M | 16% |
| Spice | $4.9M | 5% |
| Fuel Surcharge | $1.2M | 1% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
