vs
Freshpet, Inc.（FRPT）与宜瑞安（INGR）财务数据对比。点击上方公司名可切换其他公司
宜瑞安的季度营收约是Freshpet, Inc.的6.2倍（$1.8B vs $285.2M）。Freshpet, Inc.净利率更高（11.9% vs 9.5%，领先2.4%）。Freshpet, Inc.同比增速更快（8.6% vs -2.4%）。宜瑞安自由现金流更多（$270.0M vs $2.1M）。过去两年Freshpet, Inc.的营收复合增速更高（12.9% vs -3.4%）
Freshpet, Inc.是一家美国宠物食品企业，主打鲜制猫粮、狗粮产品，相关产品需冷藏保存，目前在纳斯达克上市，股票代码为FRPT。
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
FRPT vs INGR — 直观对比
营收规模更大
INGR
是对方的6.2倍
$285.2M
营收增速更快
FRPT
高出11.0%
-2.4%
净利率更高
FRPT
高出2.4%
9.5%
自由现金流更多
INGR
多$267.9M
$2.1M
两年增速更快
FRPT
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $285.2M | $1.8B |
| 净利润 | $33.8M | $167.0M |
| 毛利率 | 43.3% | 24.5% |
| 营业利润率 | 15.6% | 12.5% |
| 净利率 | 11.9% | 9.5% |
| 营收同比 | 8.6% | -2.4% |
| 净利润同比 | 86.6% | 72.2% |
| 每股收益（稀释后） | $0.71 | $2.58 |
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FRPTINGR
| Q4 25 | $285.2M | $1.8B | ||
| Q3 25 | $288.8M | $1.8B | ||
| Q2 25 | $264.7M | $1.8B | ||
| Q1 25 | $263.2M | $1.8B | ||
| Q4 24 | $262.7M | $1.8B | ||
| Q3 24 | $253.4M | $1.9B | ||
| Q2 24 | $235.3M | $1.9B | ||
| Q1 24 | $223.8M | $1.9B |
净利润FRPTINGR
| Q4 25 | $33.8M | $167.0M | ||
| Q3 25 | $101.7M | $171.0M | ||
| Q2 25 | $16.4M | $196.0M | ||
| Q1 25 | $-12.7M | $197.0M | ||
| Q4 24 | $18.1M | $97.0M | ||
| Q3 24 | $11.9M | $188.0M | ||
| Q2 24 | $-1.7M | $148.0M | ||
| Q1 24 | $18.6M | $216.0M |
毛利率FRPTINGR
| Q4 25 | 43.3% | 24.5% | ||
| Q3 25 | 39.5% | 25.1% | ||
| Q2 25 | 40.9% | 26.0% | ||
| Q1 25 | 39.4% | 25.7% | ||
| Q4 24 | 42.5% | 24.9% | ||
| Q3 24 | 40.4% | 25.6% | ||
| Q2 24 | 39.9% | 23.7% | ||
| Q1 24 | 39.4% | 22.2% |
营业利润率FRPTINGR
| Q4 25 | 15.6% | 12.5% | ||
| Q3 25 | 8.6% | 13.7% | ||
| Q2 25 | 6.7% | 14.8% | ||
| Q1 25 | -4.4% | 15.2% | ||
| Q4 24 | 7.4% | 9.0% | ||
| Q3 24 | 4.7% | 14.3% | ||
| Q2 24 | -0.7% | 12.8% | ||
| Q1 24 | 3.8% | 11.3% |
净利率FRPTINGR
| Q4 25 | 11.9% | 9.5% | ||
| Q3 25 | 35.2% | 9.4% | ||
| Q2 25 | 6.2% | 10.7% | ||
| Q1 25 | -4.8% | 10.9% | ||
| Q4 24 | 6.9% | 5.4% | ||
| Q3 24 | 4.7% | 10.1% | ||
| Q2 24 | -0.7% | 7.9% | ||
| Q1 24 | 8.3% | 11.5% |
每股收益（稀释后）FRPTINGR
| Q4 25 | $0.71 | $2.58 | ||
| Q3 25 | $1.86 | $2.61 | ||
| Q2 25 | $0.33 | $2.99 | ||
| Q1 25 | $-0.26 | $3.00 | ||
| Q4 24 | $0.35 | $1.43 | ||
| Q3 24 | $0.24 | $2.83 | ||
| Q2 24 | $-0.03 | $2.22 | ||
| Q1 24 | $0.37 | $3.23 |
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 | $278.0M | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $4.3B |
| 总资产 | $1.8B | $7.9B |
| 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FRPTINGR
| Q4 25 | $278.0M | $1.0B | ||
| Q3 25 | $274.6M | $915.0M | ||
| Q2 25 | $243.7M | $861.0M | ||
| Q1 25 | $243.7M | $837.0M | ||
| Q4 24 | $268.6M | $997.0M | ||
| Q3 24 | $274.6M | $877.0M | ||
| Q2 24 | $251.7M | $505.0M | ||
| Q1 24 | $257.9M | $438.0M |
股东权益FRPTINGR
| Q4 25 | $1.2B | $4.3B | ||
| Q3 25 | $1.2B | $4.2B | ||
| Q2 25 | $1.1B | $4.2B | ||
| Q1 25 | $1.0B | $4.0B | ||
| Q4 24 | $1.1B | $3.8B | ||
| Q3 24 | $1.0B | $4.0B | ||
| Q2 24 | $995.8M | $3.7B | ||
| Q1 24 | $977.8M | $3.7B |
总资产FRPTINGR
| Q4 25 | $1.8B | $7.9B | ||
| Q3 25 | $1.7B | $7.8B | ||
| Q2 25 | $1.6B | $7.8B | ||
| Q1 25 | $1.6B | $7.5B | ||
| Q4 24 | $1.6B | $7.4B | ||
| Q3 24 | $1.5B | $7.5B | ||
| Q2 24 | $1.5B | $7.2B | ||
| Q1 24 | $1.5B | $7.3B |
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 | $55.1M | $405.0M |
| 自由现金流经营现金流 - 资本支出 | $2.1M | $270.0M |
| 自由现金流率自由现金流/营收 | 0.7% | 15.4% |
| 资本支出强度资本支出/营收 | 18.6% | 7.7% |
| 现金转化率经营现金流/净利润 | 1.63× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $12.4M | $511.0M |
8季度趋势，按日历期对齐
经营现金流FRPTINGR
| Q4 25 | $55.1M | $405.0M | ||
| Q3 25 | $66.8M | $277.0M | ||
| Q2 25 | $33.9M | $185.0M | ||
| Q1 25 | $4.8M | $77.0M | ||
| Q4 24 | $50.4M | $436.0M | ||
| Q3 24 | $56.1M | $479.0M | ||
| Q2 24 | $42.4M | $312.0M | ||
| Q1 24 | $5.4M | $209.0M |
自由现金流FRPTINGR
| Q4 25 | $2.1M | $270.0M | ||
| Q3 25 | $31.6M | $172.0M | ||
| Q2 25 | $445.0K | $84.0M | ||
| Q1 25 | $-21.7M | $-15.0M | ||
| Q4 24 | $-7.9M | $311.0M | ||
| Q3 24 | $22.1M | $429.0M | ||
| Q2 24 | $-5.9M | $257.0M | ||
| Q1 24 | $-41.1M | $144.0M |
自由现金流率FRPTINGR
| Q4 25 | 0.7% | 15.4% | ||
| Q3 25 | 10.9% | 9.5% | ||
| Q2 25 | 0.2% | 4.6% | ||
| Q1 25 | -8.2% | -0.8% | ||
| Q4 24 | -3.0% | 17.3% | ||
| Q3 24 | 8.7% | 22.9% | ||
| Q2 24 | -2.5% | 13.7% | ||
| Q1 24 | -18.3% | 7.7% |
资本支出强度FRPTINGR
| Q4 25 | 18.6% | 7.7% | ||
| Q3 25 | 12.2% | 5.8% | ||
| Q2 25 | 12.6% | 5.5% | ||
| Q1 25 | 10.1% | 5.1% | ||
| Q4 24 | 22.2% | 6.9% | ||
| Q3 24 | 13.4% | 2.7% | ||
| Q2 24 | 20.5% | 2.9% | ||
| Q1 24 | 20.8% | 3.5% |
现金转化率FRPTINGR
| Q4 25 | 1.63× | 2.43× | ||
| Q3 25 | 0.66× | 1.62× | ||
| Q2 25 | 2.07× | 0.94× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | 2.78× | 4.49× | ||
| Q3 24 | 4.72× | 2.55× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | 0.29× | 0.97× |
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
FRPT
| Sales Channel Grocery Mass International And Digital | $228.4M | 80% |
| Sales Channel Pet Specialty And Club | $56.8M | 20% |
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
