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Globe Life（GL）与J.M. Smucker Company (The)（SJM）财务数据对比。点击上方公司名可切换其他公司
J.M. Smucker Company (The)的季度营收约是Globe Life的1.5倍（$2.3B vs $1.6B），Globe Life净利率更高（17.3% vs 10.4%，领先7.0%），Globe Life同比增速更快（5.3% vs 2.6%），过去两年Globe Life的营收复合增速更高（4.1% vs 2.2%）
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
GL vs SJM — 直观对比
营收规模更大
SJM
是对方的1.5倍
$1.6B
营收增速更快
GL
高出2.8%
2.6%
净利率更高
GL
高出7.0%
10.4%
两年增速更快
GL
近两年复合增速
2.2%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.3B |
| 净利润 | $270.5M | $241.3M |
| 毛利率 | — | 37.3% |
| 营业利润率 | — | 18.0% |
| 净利率 | 17.3% | 10.4% |
| 营收同比 | 5.3% | 2.6% |
| 净利润同比 | 6.3% | 1084.9% |
| 每股收益（稀释后） | $3.39 | $2.26 |
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GLSJM
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.5B | $2.2B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.4B | $2.2B |
净利润GLSJM
| Q1 26 | $270.5M | — | ||
| Q4 25 | $266.1M | $241.3M | ||
| Q3 25 | $387.8M | $-43.9M | ||
| Q2 25 | $252.7M | $-729.0M | ||
| Q1 25 | $254.6M | $-662.3M | ||
| Q4 24 | $255.2M | $-24.5M | ||
| Q3 24 | $303.0M | $185.0M | ||
| Q2 24 | $258.4M | $245.1M |
毛利率GLSJM
| Q1 26 | — | — | ||
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 38.4% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 39.0% | ||
| Q3 24 | 26.1% | 37.5% | ||
| Q2 24 | 23.3% | 41.4% |
营业利润率GLSJM
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 18.0% | ||
| Q3 25 | 31.5% | 2.2% | ||
| Q2 25 | 21.2% | -27.9% | ||
| Q1 25 | 21.4% | -27.2% | ||
| Q4 24 | 21.3% | 7.5% | ||
| Q3 24 | 26.3% | 16.4% | ||
| Q2 24 | 23.5% | 18.4% |
净利率GLSJM
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 10.4% | ||
| Q3 25 | 25.6% | -2.1% | ||
| Q2 25 | 17.1% | -34.0% | ||
| Q1 25 | 17.2% | -30.3% | ||
| Q4 24 | 17.4% | -1.1% | ||
| Q3 24 | 20.8% | 8.7% | ||
| Q2 24 | 17.9% | 11.1% |
每股收益（稀释后）GLSJM
| Q1 26 | $3.39 | — | ||
| Q4 25 | $3.28 | $2.26 | ||
| Q3 25 | $4.73 | $-0.41 | ||
| Q2 25 | $3.05 | $-6.86 | ||
| Q1 25 | $3.01 | $-6.22 | ||
| Q4 24 | $3.00 | $-0.23 | ||
| Q3 24 | $3.44 | $1.74 | ||
| Q2 24 | $2.83 | $2.31 |
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 | $183.8M | — |
| 总债务越低越好 | — | $7.0B |
| 股东权益账面价值 | $6.1B | $6.1B |
| 总资产 | — | $17.6B |
| 负债/权益比越低杠杆越低 | — | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资GLSJM
| Q1 26 | $183.8M | — | ||
| Q4 25 | $314.7M | — | ||
| Q3 25 | $62.8M | — | ||
| Q2 25 | $116.7M | — | ||
| Q1 25 | $134.1M | — | ||
| Q4 24 | $85.0M | — | ||
| Q3 24 | $100.5M | — | ||
| Q2 24 | $100.6M | — |
总债务GLSJM
| Q1 26 | — | — | ||
| Q4 25 | — | $7.0B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $7.8B | ||
| Q2 24 | — | $7.8B |
股东权益GLSJM
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $6.1B | ||
| Q3 25 | $5.7B | $5.9B | ||
| Q2 25 | $5.4B | $6.1B | ||
| Q1 25 | $5.4B | $6.9B | ||
| Q4 24 | $5.3B | $7.6B | ||
| Q3 24 | $4.6B | $7.8B | ||
| Q2 24 | $5.2B | $7.7B |
总资产GLSJM
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $17.6B | ||
| Q3 25 | $30.5B | $17.7B | ||
| Q2 25 | $29.8B | $17.6B | ||
| Q1 25 | $29.7B | $18.4B | ||
| Q4 24 | $29.1B | $20.0B | ||
| Q3 24 | $29.6B | $20.3B | ||
| Q2 24 | $28.3B | $20.3B |
负债/权益比GLSJM
| Q1 26 | — | — | ||
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.01× |
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 | — | $346.5M |
| 自由现金流经营现金流 - 资本支出 | — | $280.2M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | $635.5M |
8季度趋势，按日历期对齐
经营现金流GLSJM
| Q1 26 | — | — | ||
| Q4 25 | $350.6M | $346.5M | ||
| Q3 25 | $306.0M | $-10.6M | ||
| Q2 25 | $307.9M | $393.9M | ||
| Q1 25 | $431.9M | $239.4M | ||
| Q4 24 | $336.9M | $404.2M | ||
| Q3 24 | $340.6M | $172.9M | ||
| Q2 24 | $374.1M | $428.1M |
自由现金流GLSJM
| Q1 26 | — | — | ||
| Q4 25 | $330.1M | $280.2M | ||
| Q3 25 | $208.7M | $-94.9M | ||
| Q2 25 | $295.0M | $298.9M | ||
| Q1 25 | $420.1M | $151.3M | ||
| Q4 24 | $321.9M | $317.2M | ||
| Q3 24 | $311.3M | $49.2M | ||
| Q2 24 | $356.5M | $297.5M |
自由现金流率GLSJM
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 12.0% | ||
| Q3 25 | 13.8% | -4.5% | ||
| Q2 25 | 19.9% | 13.9% | ||
| Q1 25 | 28.4% | 6.9% | ||
| Q4 24 | 22.0% | 14.0% | ||
| Q3 24 | 21.4% | 2.3% | ||
| Q2 24 | 24.8% | 13.5% |
资本支出强度GLSJM
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 2.8% | ||
| Q3 25 | 6.4% | 4.0% | ||
| Q2 25 | 0.9% | 4.4% | ||
| Q1 25 | 0.8% | 4.0% | ||
| Q4 24 | 1.0% | 3.8% | ||
| Q3 24 | 2.0% | 5.8% | ||
| Q2 24 | 1.2% | 5.9% |
现金转化率GLSJM
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 1.44× | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.12× | 0.93× | ||
| Q2 24 | 1.45× | 1.75× |
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
GL
| Life premium | $853.2M | 55% |
| Health premium | $416.9M | 27% |
| Other | $289.5M | 19% |
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
