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GRANITE CONSTRUCTION INC（GVA）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GRANITE CONSTRUCTION INC的2.0倍（$2.3B vs $1.2B），J.M. Smucker Company (The)净利率更高（10.4% vs 4.5%，领先5.9%），GRANITE CONSTRUCTION INC同比增速更快（19.2% vs 2.6%），J.M. Smucker Company (The)自由现金流更多（$280.2M vs $128.8M），过去两年GRANITE CONSTRUCTION INC的营收复合增速更高（31.7% vs 2.2%）
Granite Construction Inc.是美国民用建筑企业及建筑骨料生产商，为标普600指数成分股，创始地及总部位于加利福尼亚州沃森维尔，是Granite Construction Company的母公司。公司主营重型民用建筑承包与建筑骨料生产，在美国西部多州持有或租赁采石场，主要开采砂、砾石、碎石等产品。
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。
GVA vs SJM — 直观对比
营收规模更大
SJM
是对方的2.0倍
$1.2B
营收增速更快
GVA
高出16.7%
2.6%
净利率更高
SJM
高出5.9%
4.5%
自由现金流更多
SJM
多$151.4M
$128.8M
两年增速更快
GVA
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.3B |
| 净利润 | $52.0M | $241.3M |
| 毛利率 | 14.4% | 37.3% |
| 营业利润率 | 6.4% | 18.0% |
| 净利率 | 4.5% | 10.4% |
| 营收同比 | 19.2% | 2.6% |
| 净利润同比 | 25.4% | 1084.9% |
| 每股收益（稀释后） | $1.23 | $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GVASJM
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $699.5M | $2.2B | ||
| Q4 24 | $977.3M | $2.3B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.1B | $2.2B | ||
| Q1 24 | $672.3M | $2.2B |
净利润GVASJM
| Q4 25 | $52.0M | $241.3M | ||
| Q3 25 | $102.9M | $-43.9M | ||
| Q2 25 | $71.7M | $-729.0M | ||
| Q1 25 | $-33.7M | $-662.3M | ||
| Q4 24 | $41.5M | $-24.5M | ||
| Q3 24 | $79.0M | $185.0M | ||
| Q2 24 | $36.9M | $245.1M | ||
| Q1 24 | $-31.0M | $120.4M |
毛利率GVASJM
| Q4 25 | 14.4% | 37.3% | ||
| Q3 25 | 18.2% | 22.5% | ||
| Q2 25 | 17.7% | 38.4% | ||
| Q1 25 | 12.0% | 40.2% | ||
| Q4 24 | 15.4% | 39.0% | ||
| Q3 24 | 15.9% | 37.5% | ||
| Q2 24 | 15.2% | 41.4% | ||
| Q1 24 | 8.1% | 36.9% |
营业利润率GVASJM
| Q4 25 | 6.4% | 18.0% | ||
| Q3 25 | 10.0% | 2.2% | ||
| Q2 25 | 9.2% | -27.9% | ||
| Q1 25 | -5.7% | -27.2% | ||
| Q4 24 | 6.2% | 7.5% | ||
| Q3 24 | 8.2% | 16.4% | ||
| Q2 24 | 7.9% | 18.4% | ||
| Q1 24 | -6.4% | 13.3% |
净利率GVASJM
| Q4 25 | 4.5% | 10.4% | ||
| Q3 25 | 7.2% | -2.1% | ||
| Q2 25 | 6.4% | -34.0% | ||
| Q1 25 | -4.8% | -30.3% | ||
| Q4 24 | 4.2% | -1.1% | ||
| Q3 24 | 6.2% | 8.7% | ||
| Q2 24 | 3.4% | 11.1% | ||
| Q1 24 | -4.6% | 5.4% |
每股收益（稀释后）GVASJM
| Q4 25 | $1.23 | $2.26 | ||
| Q3 25 | $1.98 | $-0.41 | ||
| Q2 25 | $1.42 | $-6.86 | ||
| Q1 25 | $-0.77 | $-6.22 | ||
| Q4 24 | $0.99 | $-0.23 | ||
| Q3 24 | $1.57 | $1.74 | ||
| Q2 24 | $0.76 | $2.31 | ||
| Q1 24 | $-0.70 | $1.13 |
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 | $600.2M | — |
| 总债务越低越好 | $1.3B | $7.0B |
| 股东权益账面价值 | $1.2B | $6.1B |
| 总资产 | $4.0B | $17.6B |
| 负债/权益比越低杠杆越低 | 1.14× | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资GVASJM
| Q4 25 | $600.2M | — | ||
| Q3 25 | $547.2M | — | ||
| Q2 25 | $385.3M | — | ||
| Q1 25 | $422.8M | — | ||
| Q4 24 | $585.6M | — | ||
| Q3 24 | $472.4M | — | ||
| Q2 24 | $377.2M | — | ||
| Q1 24 | $337.3M | — |
总债务GVASJM
| Q4 25 | $1.3B | $7.0B | ||
| Q3 25 | $1.3B | $7.0B | ||
| Q2 25 | $740.4M | $7.0B | ||
| Q1 25 | $739.7M | $7.4B | ||
| Q4 24 | $739.0M | $7.8B | ||
| Q3 24 | $738.6M | $7.8B | ||
| Q2 24 | $738.9M | $7.8B | ||
| Q1 24 | $553.2M | $8.1B |
股东权益GVASJM
| Q4 25 | $1.2B | $6.1B | ||
| Q3 25 | $1.2B | $5.9B | ||
| Q2 25 | $1.1B | $6.1B | ||
| Q1 25 | $993.5M | $6.9B | ||
| Q4 24 | $1.0B | $7.6B | ||
| Q3 24 | $1.0B | $7.8B | ||
| Q2 24 | $931.7M | $7.7B | ||
| Q1 24 | $946.5M | $7.6B |
总资产GVASJM
| Q4 25 | $4.0B | $17.6B | ||
| Q3 25 | $4.1B | $17.7B | ||
| Q2 25 | $3.1B | $17.6B | ||
| Q1 25 | $2.9B | $18.4B | ||
| Q4 24 | $3.0B | $20.0B | ||
| Q3 24 | $3.1B | $20.3B | ||
| Q2 24 | $2.9B | $20.3B | ||
| Q1 24 | $2.6B | $20.2B |
负债/权益比GVASJM
| Q4 25 | 1.14× | 1.16× | ||
| Q3 25 | 1.16× | 1.19× | ||
| Q2 25 | 0.70× | 1.16× | ||
| Q1 25 | 0.74× | 1.07× | ||
| Q4 24 | 0.73× | 1.02× | ||
| Q3 24 | 0.73× | 1.00× | ||
| Q2 24 | 0.79× | 1.01× | ||
| Q1 24 | 0.58× | 1.07× |
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 | $179.3M | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $280.2M |
| 自由现金流率自由现金流/营收 | 11.0% | 12.0% |
| 资本支出强度资本支出/营收 | 4.3% | 2.8% |
| 现金转化率经营现金流/净利润 | 3.45× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $330.6M | $635.5M |
8季度趋势，按日历期对齐
经营现金流GVASJM
| Q4 25 | $179.3M | $346.5M | ||
| Q3 25 | $284.2M | $-10.6M | ||
| Q2 25 | $1.8M | $393.9M | ||
| Q1 25 | $3.6M | $239.4M | ||
| Q4 24 | $172.8M | $404.2M | ||
| Q3 24 | $261.5M | $172.9M | ||
| Q2 24 | $-2.0M | $428.1M | ||
| Q1 24 | $24.1M | $406.5M |
自由现金流GVASJM
| Q4 25 | $128.8M | $280.2M | ||
| Q3 25 | $257.5M | $-94.9M | ||
| Q2 25 | $-27.0M | $298.9M | ||
| Q1 25 | $-28.6M | $151.3M | ||
| Q4 24 | $144.6M | $317.2M | ||
| Q3 24 | $220.2M | $49.2M | ||
| Q2 24 | $-41.0M | $297.5M | ||
| Q1 24 | $-3.8M | $249.6M |
自由现金流率GVASJM
| Q4 25 | 11.0% | 12.0% | ||
| Q3 25 | 18.0% | -4.5% | ||
| Q2 25 | -2.4% | 13.9% | ||
| Q1 25 | -4.1% | 6.9% | ||
| Q4 24 | 14.8% | 14.0% | ||
| Q3 24 | 17.3% | 2.3% | ||
| Q2 24 | -3.8% | 13.5% | ||
| Q1 24 | -0.6% | 11.2% |
资本支出强度GVASJM
| Q4 25 | 4.3% | 2.8% | ||
| Q3 25 | 1.9% | 4.0% | ||
| Q2 25 | 2.6% | 4.4% | ||
| Q1 25 | 4.6% | 4.0% | ||
| Q4 24 | 2.9% | 3.8% | ||
| Q3 24 | 3.2% | 5.8% | ||
| Q2 24 | 3.6% | 5.9% | ||
| Q1 24 | 4.1% | 7.0% |
现金转化率GVASJM
| Q4 25 | 3.45× | 1.44× | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 0.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.17× | — | ||
| Q3 24 | 3.31× | 0.93× | ||
| Q2 24 | -0.05× | 1.75× | ||
| Q1 24 | — | 3.38× |
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
GVA
| Public | $680.2M | 58% |
| Private | $260.1M | 22% |
| Asphalt | $116.9M | 10% |
| Aggregates | $107.9M | 9% |
| Collaborative Arrangement | $7.0M | 1% |
| Performance Obligations | $3.5M | 0% |
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% |
