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通用磨坊（GIS）与Block, Inc.（XYZ）财务数据对比。点击上方公司名可切换其他公司
Block, Inc.的季度营收约是通用磨坊的1.3倍（$6.3B vs $4.9B），通用磨坊净利率更高（8.5% vs 1.9%，领先6.6%），Block, Inc.同比增速更快（3.6% vs -7.2%），通用磨坊自由现金流更多（$675.7M vs $579.8M），过去两年Block, Inc.的营收复合增速更高（2.4% vs -2.4%）
通用磨坊是美国知名跨国消费食品企业，主营品牌包装食品的生产与营销，产品通过零售渠道面向大众发售。公司发源于明尼阿波利斯市密西西比河畔的圣安东尼瀑布区域，最初以大型面粉加工业务闻名，现总部位于明尼阿波利斯市郊的明尼苏达州金谷市。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
GIS vs XYZ — 直观对比
营收规模更大
XYZ
是对方的1.3倍
$4.9B
营收增速更快
XYZ
高出10.9%
-7.2%
净利率更高
GIS
高出6.6%
1.9%
自由现金流更多
GIS
多$95.9M
$579.8M
两年增速更快
XYZ
近两年复合增速
-2.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $6.3B |
| 净利润 | $413.0M | $115.8M |
| 毛利率 | 34.8% | 45.9% |
| 营业利润率 | 15.0% | 7.8% |
| 净利率 | 8.5% | 1.9% |
| 营收同比 | -7.2% | 3.6% |
| 净利润同比 | -48.1% | -94.1% |
| 每股收益（稀释后） | $0.78 | $0.19 |
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GISXYZ
| Q4 25 | $4.9B | $6.3B | ||
| Q3 25 | $4.5B | $6.1B | ||
| Q2 25 | $4.6B | $6.1B | ||
| Q1 25 | $4.8B | $5.8B | ||
| Q4 24 | $5.2B | $6.0B | ||
| Q3 24 | $4.8B | $6.0B | ||
| Q2 24 | $4.7B | $6.2B | ||
| Q1 24 | $5.1B | $6.0B |
净利润GISXYZ
| Q4 25 | $413.0M | $115.8M | ||
| Q3 25 | $1.2B | $461.5M | ||
| Q2 25 | $294.0M | $538.5M | ||
| Q1 25 | $625.6M | $189.9M | ||
| Q4 24 | $795.7M | $1.9B | ||
| Q3 24 | $579.9M | $283.8M | ||
| Q2 24 | $557.5M | $195.3M | ||
| Q1 24 | $670.1M | $472.0M |
毛利率GISXYZ
| Q4 25 | 34.8% | 45.9% | ||
| Q3 25 | 33.9% | 43.5% | ||
| Q2 25 | 32.4% | 41.9% | ||
| Q1 25 | 33.9% | 39.7% | ||
| Q4 24 | 36.9% | 38.3% | ||
| Q3 24 | 34.8% | 37.6% | ||
| Q2 24 | 35.8% | 36.3% | ||
| Q1 24 | 33.5% | 35.2% |
营业利润率GISXYZ
| Q4 25 | 15.0% | 7.8% | ||
| Q3 25 | 38.2% | 6.7% | ||
| Q2 25 | 11.1% | 8.0% | ||
| Q1 25 | 18.4% | 5.7% | ||
| Q4 24 | 20.6% | 0.2% | ||
| Q3 24 | 17.2% | 5.4% | ||
| Q2 24 | 16.5% | 5.0% | ||
| Q1 24 | 17.9% | 4.2% |
净利率GISXYZ
| Q4 25 | 8.5% | 1.9% | ||
| Q3 25 | 26.7% | 7.5% | ||
| Q2 25 | 6.5% | 8.9% | ||
| Q1 25 | 12.9% | 3.3% | ||
| Q4 24 | 15.2% | 32.3% | ||
| Q3 24 | 12.0% | 4.7% | ||
| Q2 24 | 11.8% | 3.2% | ||
| Q1 24 | 13.1% | 7.9% |
每股收益（稀释后）GISXYZ
| Q4 25 | $0.78 | $0.19 | ||
| Q3 25 | $2.22 | $0.74 | ||
| Q2 25 | $0.53 | $0.87 | ||
| Q1 25 | $1.12 | $0.30 | ||
| Q4 24 | $1.42 | $3.06 | ||
| Q3 24 | $1.03 | $0.45 | ||
| Q2 24 | $0.98 | $0.31 | ||
| Q1 24 | $1.17 | $0.74 |
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 | $683.4M | $6.6B |
| 总债务越低越好 | $12.2B | — |
| 股东权益账面价值 | $9.3B | $22.2B |
| 总资产 | $32.5B | $39.5B |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
现金及短期投资GISXYZ
| Q4 25 | $683.4M | $6.6B | ||
| Q3 25 | $952.9M | $8.3B | ||
| Q2 25 | $363.9M | $6.4B | ||
| Q1 25 | $521.3M | $7.1B | ||
| Q4 24 | $2.3B | $8.1B | ||
| Q3 24 | $468.1M | $8.3B | ||
| Q2 24 | $418.0M | $7.8B | ||
| Q1 24 | $588.6M | $5.8B |
总债务GISXYZ
| Q4 25 | $12.2B | — | ||
| Q3 25 | $12.2B | $7.3B | ||
| Q2 25 | $12.7B | $5.1B | ||
| Q1 25 | $11.8B | $5.1B | ||
| Q4 24 | $12.4B | $6.1B | ||
| Q3 24 | $11.4B | $6.1B | ||
| Q2 24 | $11.3B | $6.1B | ||
| Q1 24 | $11.0B | $4.1B |
股东权益GISXYZ
| Q4 25 | $9.3B | $22.2B | ||
| Q3 25 | $9.5B | $22.5B | ||
| Q2 25 | $9.2B | $22.2B | ||
| Q1 25 | $9.3B | $21.5B | ||
| Q4 24 | $9.2B | $21.3B | ||
| Q3 24 | $9.3B | $19.9B | ||
| Q2 24 | $9.4B | $19.3B | ||
| Q1 24 | $9.4B | $19.0B |
总资产GISXYZ
| Q4 25 | $32.5B | $39.5B | ||
| Q3 25 | $33.0B | $39.2B | ||
| Q2 25 | $33.1B | $36.9B | ||
| Q1 25 | $32.7B | $36.4B | ||
| Q4 24 | $33.4B | $36.8B | ||
| Q3 24 | $31.8B | $36.4B | ||
| Q2 24 | $31.5B | $37.5B | ||
| Q1 24 | $30.9B | $35.6B |
负债/权益比GISXYZ
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.29× | 0.32× | ||
| Q2 25 | 1.38× | 0.23× | ||
| Q1 25 | 1.28× | 0.24× | ||
| Q4 24 | 1.35× | 0.29× | ||
| Q3 24 | 1.23× | 0.31× | ||
| Q2 24 | 1.20× | 0.32× | ||
| Q1 24 | 1.17× | 0.22× |
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 | $819.3M | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $675.7M | $579.8M |
| 自由现金流率自由现金流/营收 | 13.9% | 9.3% |
| 资本支出强度资本支出/营收 | 3.0% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.98× | 5.36× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $2.4B |
8季度趋势，按日历期对齐
经营现金流GISXYZ
| Q4 25 | $819.3M | $621.0M | ||
| Q3 25 | $397.0M | $1.5B | ||
| Q2 25 | $611.6M | $374.3M | ||
| Q1 25 | $531.9M | $133.3M | ||
| Q4 24 | $1.2B | $13.8M | ||
| Q3 24 | $624.2M | $684.8M | ||
| Q2 24 | $863.7M | $519.4M | ||
| Q1 24 | $943.1M | $489.4M |
自由现金流GISXYZ
| Q4 25 | $675.7M | $579.8M | ||
| Q3 25 | $287.5M | $1.4B | ||
| Q2 25 | $391.4M | $343.0M | ||
| Q1 25 | $428.0M | $101.5M | ||
| Q4 24 | $989.6M | $-13.2M | ||
| Q3 24 | $483.9M | $628.2M | ||
| Q2 24 | $575.2M | $481.0M | ||
| Q1 24 | $751.4M | $457.4M |
自由现金流率GISXYZ
| Q4 25 | 13.9% | 9.3% | ||
| Q3 25 | 6.4% | 22.9% | ||
| Q2 25 | 8.6% | 5.7% | ||
| Q1 25 | 8.8% | 1.8% | ||
| Q4 24 | 18.9% | -0.2% | ||
| Q3 24 | 10.0% | 10.5% | ||
| Q2 24 | 12.2% | 7.8% | ||
| Q1 24 | 14.7% | 7.7% |
资本支出强度GISXYZ
| Q4 25 | 3.0% | 0.7% | ||
| Q3 25 | 2.4% | 0.8% | ||
| Q2 25 | 4.8% | 0.5% | ||
| Q1 25 | 2.1% | 0.6% | ||
| Q4 24 | 3.1% | 0.4% | ||
| Q3 24 | 2.9% | 0.9% | ||
| Q2 24 | 6.1% | 0.6% | ||
| Q1 24 | 3.8% | 0.5% |
现金转化率GISXYZ
| Q4 25 | 1.98× | 5.36× | ||
| Q3 25 | 0.33× | 3.14× | ||
| Q2 25 | 2.08× | 0.70× | ||
| Q1 25 | 0.85× | 0.70× | ||
| Q4 24 | 1.45× | 0.01× | ||
| Q3 24 | 1.08× | 2.41× | ||
| Q2 24 | 1.55× | 2.66× | ||
| Q1 24 | 1.41× | 1.04× |
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
GIS
| Snacks | $1.0B | 21% |
| Convenient Meals | $827.0M | 17% |
| Cereal | $791.2M | 16% |
| Dough | $720.9M | 15% |
| Pet | $698.7M | 14% |
| Baking Mixes And Ingredients | $556.0M | 11% |
| Super Premium Ice Cream | $175.8M | 4% |
| Other Product | $73.3M | 2% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
