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和黄医药（HCM）与J&J SNACK FOODS CORP（JJSF）财务数据对比。点击上方公司名可切换其他公司
J&J SNACK FOODS CORP的季度营收约是和黄医药的1.3倍（$343.8M vs $270.8M），和黄医药净利率更高（0.7% vs 0.3%，领先0.5%），J&J SNACK FOODS CORP同比增速更快（-5.2% vs -16.5%），J&J SNACK FOODS CORP自由现金流更多（$17.0M vs $3.4M）
和黄医药是一家国际化生物制药企业，专注于肿瘤、免疫类疾病的靶向疗法与免疫疗法的研发、生产及商业化，核心市场覆盖中国及全球多个国家地区，已有多款肿瘤治疗药物上市，后期临床管线储备丰富。
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
HCM vs JJSF — 直观对比
营收规模更大
JJSF
是对方的1.3倍
$270.8M
营收增速更快
JJSF
高出11.4%
-16.5%
净利率更高
HCM
高出0.5%
0.3%
自由现金流更多
JJSF
多$13.6M
$3.4M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $270.8M | $343.8M |
| 净利润 | $2.0M | $883.0K |
| 毛利率 | 37.7% | 27.9% |
| 营业利润率 | -13.2% | 0.2% |
| 净利率 | 0.7% | 0.3% |
| 营收同比 | -16.5% | -5.2% |
| 净利润同比 | -83.6% | -82.8% |
| 每股收益（稀释后） | $0.00 | $0.05 |
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HCMJJSF
| Q4 25 | $270.8M | $343.8M | ||
| Q3 25 | — | $410.2M | ||
| Q2 25 | $277.7M | $454.3M | ||
| Q1 25 | $324.5M | $356.1M | ||
| Q4 24 | — | $362.6M | ||
| Q3 24 | — | $426.8M | ||
| Q2 24 | $305.7M | $440.0M | ||
| Q1 24 | — | $359.7M |
净利润HCMJJSF
| Q4 25 | $2.0M | $883.0K | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | $455.0M | $44.2M | ||
| Q1 25 | $11.9M | $4.8M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $29.6M | ||
| Q2 24 | $25.8M | $36.3M | ||
| Q1 24 | — | $13.3M |
毛利率HCMJJSF
| Q4 25 | 37.7% | 27.9% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | 0.1% | 33.0% | ||
| Q1 25 | 48.0% | 26.9% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 31.8% | ||
| Q2 24 | 41.1% | 33.6% | ||
| Q1 24 | — | 30.1% |
营业利润率HCMJJSF
| Q4 25 | -13.2% | 0.2% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | -1.3% | 13.3% | ||
| Q1 25 | -5.0% | 1.7% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | -9.0% | 11.4% | ||
| Q1 24 | — | 5.0% |
净利率HCMJJSF
| Q4 25 | 0.7% | 0.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | 163.8% | 9.7% | ||
| Q1 25 | 3.7% | 1.4% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | 8.4% | 8.3% | ||
| Q1 24 | — | 3.7% |
每股收益（稀释后）HCMJJSF
| Q4 25 | $0.00 | $0.05 | ||
| Q3 25 | — | $0.59 | ||
| Q2 25 | $0.52 | $2.26 | ||
| Q1 25 | $0.01 | $0.25 | ||
| Q4 24 | — | $0.26 | ||
| Q3 24 | — | $1.52 | ||
| Q2 24 | $0.03 | $1.87 | ||
| Q1 24 | — | $0.69 |
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 | $1.4B | $66.8M |
| 总债务越低越好 | $93.2M | — |
| 股东权益账面价值 | $1.2B | $912.9M |
| 总资产 | $1.8B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.08× | — |
8季度趋势，按日历期对齐
现金及短期投资HCMJJSF
| Q4 25 | $1.4B | $66.8M | ||
| Q3 25 | — | $105.9M | ||
| Q2 25 | $1.4B | $77.4M | ||
| Q1 25 | $836.1M | $48.5M | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | $73.4M | ||
| Q2 24 | $802.5M | $64.0M | ||
| Q1 24 | — | $43.6M |
总债务HCMJJSF
| Q4 25 | $93.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
股东权益HCMJJSF
| Q4 25 | $1.2B | $912.9M | ||
| Q3 25 | — | $966.7M | ||
| Q2 25 | $1.2B | $969.9M | ||
| Q1 25 | $759.9M | $935.0M | ||
| Q4 24 | — | $946.8M | ||
| Q3 24 | — | $957.0M | ||
| Q2 24 | $740.1M | $937.9M | ||
| Q1 24 | — | $915.7M |
总资产HCMJJSF
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | — | $1.3B |
负债/权益比HCMJJSF
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.11× | — | ||
| Q1 24 | — | — |
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 | $8.2M | $36.0M |
| 自由现金流经营现金流 - 资本支出 | $3.4M | $17.0M |
| 自由现金流率自由现金流/营收 | 1.2% | 4.9% |
| 资本支出强度资本支出/营收 | 1.8% | 5.5% |
| 现金转化率经营现金流/净利润 | 4.21× | 40.73× |
| 过去12个月自由现金流最近4个季度 | $-96.2M | $83.1M |
8季度趋势，按日历期对齐
经营现金流HCMJJSF
| Q4 25 | $8.2M | $36.0M | ||
| Q3 25 | — | $66.4M | ||
| Q2 25 | $-72.9M | $51.2M | ||
| Q1 25 | $40.3M | $12.3M | ||
| Q4 24 | — | $35.2M | ||
| Q3 24 | — | $46.3M | ||
| Q2 24 | $-39.8M | $65.0M | ||
| Q1 24 | — | $12.7M |
自由现金流HCMJJSF
| Q4 25 | $3.4M | $17.0M | ||
| Q3 25 | — | $44.8M | ||
| Q2 25 | $-82.2M | $28.5M | ||
| Q1 25 | $32.5M | $-7.2M | ||
| Q4 24 | — | $16.1M | ||
| Q3 24 | — | $29.1M | ||
| Q2 24 | $-49.9M | $45.3M | ||
| Q1 24 | — | $-4.0M |
自由现金流率HCMJJSF
| Q4 25 | 1.2% | 4.9% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | -29.6% | 6.3% | ||
| Q1 25 | 10.0% | -2.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | -16.3% | 10.3% | ||
| Q1 24 | — | -1.1% |
资本支出强度HCMJJSF
| Q4 25 | 1.8% | 5.5% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | 3.3% | 5.0% | ||
| Q1 25 | 2.4% | 5.5% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | 3.3% | 4.5% | ||
| Q1 24 | — | 4.6% |
现金转化率HCMJJSF
| Q4 25 | 4.21× | 40.73× | ||
| Q3 25 | — | 5.84× | ||
| Q2 25 | -0.16× | 1.16× | ||
| Q1 25 | 3.38× | 2.55× | ||
| Q4 24 | — | 6.84× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | -1.54× | 1.79× | ||
| Q1 24 | — | 0.96× |
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
HCM
暂无分部数据
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
