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荷美尔食品（HRL）与摩森康胜饮品公司（TAP）财务数据对比。点击上方公司名可切换其他公司
荷美尔食品的季度营收约是摩森康胜饮品公司的1.0倍（$3.2B vs $3.1B），摩森康胜饮品公司净利率更高（7.6% vs -1.8%，领先9.4%），荷美尔食品同比增速更快（1.5% vs -3.6%），摩森康胜饮品公司自由现金流更多（$357.8M vs $231.4M），过去两年荷美尔食品的营收复合增速更高（3.1% vs 1.2%）
荷美尔食品是1891年于美国明尼苏达州奥斯汀成立的跨国食品加工企业，由乔治·A·荷美尔创立。品牌最初主营火腿、香肠等各类畜肉产品的包装与销售，1937年推出斯帕姆午餐肉，上世纪80年代起逐步拓展多元化包装及冷藏食品产品线。
摩森康胜饮品公司是一家美加合资的跨国饮料酿造企业，旗下拥有多款知名酒精及非酒精饮品产品线，业务覆盖全球多个国家和地区，目前在伊利诺伊州芝加哥与魁北克省蒙特利尔设有双总部。
HRL vs TAP — 直观对比
营收规模更大
HRL
是对方的1.0倍
$3.1B
营收增速更快
HRL
高出5.1%
-3.6%
净利率更高
TAP
高出9.4%
-1.8%
自由现金流更多
TAP
多$126.4M
$231.4M
两年增速更快
HRL
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.1B |
| 净利润 | $-56.1M | $238.3M |
| 毛利率 | 14.0% | 31.0% |
| 营业利润率 | 0.1% | 10.4% |
| 净利率 | -1.8% | 7.6% |
| 营收同比 | 1.5% | -3.6% |
| 净利润同比 | -125.5% | -17.2% |
| 每股收益（稀释后） | $-0.10 | $1.32 |
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HRLTAP
| Q4 25 | $3.2B | $3.1B | ||
| Q3 25 | $3.0B | $3.5B | ||
| Q2 25 | $2.9B | $3.7B | ||
| Q1 25 | $3.0B | $2.7B | ||
| Q4 24 | $3.1B | $3.2B | ||
| Q3 24 | $2.9B | $3.6B | ||
| Q2 24 | $2.9B | $3.8B | ||
| Q1 24 | $3.0B | $3.0B |
净利润HRLTAP
| Q4 25 | $-56.1M | $238.3M | ||
| Q3 25 | $183.7M | $-2.9B | ||
| Q2 25 | $180.0M | $428.7M | ||
| Q1 25 | $170.6M | $121.0M | ||
| Q4 24 | $220.2M | $287.8M | ||
| Q3 24 | $176.7M | $199.8M | ||
| Q2 24 | $189.3M | $427.0M | ||
| Q1 24 | $218.9M | $207.8M |
毛利率HRLTAP
| Q4 25 | 14.0% | 31.0% | ||
| Q3 25 | 16.1% | 33.7% | ||
| Q2 25 | 16.7% | 34.3% | ||
| Q1 25 | 15.9% | 31.6% | ||
| Q4 24 | 16.6% | 32.0% | ||
| Q3 24 | 16.8% | 33.4% | ||
| Q2 24 | 17.4% | 34.6% | ||
| Q1 24 | 17.0% | 31.6% |
营业利润率HRLTAP
| Q4 25 | 0.1% | 10.4% | ||
| Q3 25 | 7.9% | -98.5% | ||
| Q2 25 | 8.6% | 15.6% | ||
| Q1 25 | 7.6% | 6.9% | ||
| Q4 24 | 9.4% | 12.0% | ||
| Q3 24 | 8.2% | 12.5% | ||
| Q2 24 | 8.7% | 15.6% | ||
| Q1 24 | 9.5% | 10.3% |
净利率HRLTAP
| Q4 25 | -1.8% | 7.6% | ||
| Q3 25 | 6.1% | -84.0% | ||
| Q2 25 | 6.2% | 11.5% | ||
| Q1 25 | 5.7% | 4.5% | ||
| Q4 24 | 7.0% | 8.9% | ||
| Q3 24 | 6.1% | 5.5% | ||
| Q2 24 | 6.6% | 11.1% | ||
| Q1 24 | 7.3% | 6.8% |
每股收益（稀释后）HRLTAP
| Q4 25 | $-0.10 | $1.32 | ||
| Q3 25 | $0.33 | $-14.79 | ||
| Q2 25 | $0.33 | $2.13 | ||
| Q1 25 | $0.31 | $0.59 | ||
| Q4 24 | $0.41 | $1.39 | ||
| Q3 24 | $0.32 | $0.96 | ||
| Q2 24 | $0.34 | $2.03 | ||
| Q1 24 | $0.40 | $0.97 |
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 | $703.6M | $896.5M |
| 总债务越低越好 | $2.9B | $6.3B |
| 股东权益账面价值 | $7.9B | $10.2B |
| 总资产 | $13.4B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.36× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资HRLTAP
| Q4 25 | $703.6M | $896.5M | ||
| Q3 25 | $630.7M | $950.2M | ||
| Q2 25 | $699.0M | $613.8M | ||
| Q1 25 | $866.4M | $412.7M | ||
| Q4 24 | $766.6M | $969.3M | ||
| Q3 24 | $561.9M | $1.0B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $981.9M | $458.4M |
总债务HRLTAP
| Q4 25 | $2.9B | $6.3B | ||
| Q3 25 | $2.9B | $6.3B | ||
| Q2 25 | $2.9B | $6.3B | ||
| Q1 25 | $2.9B | $6.2B | ||
| Q4 24 | $2.9B | $6.1B | ||
| Q3 24 | $2.9B | $6.2B | ||
| Q2 24 | $2.9B | $7.0B | ||
| Q1 24 | $2.4B | $6.2B |
股东权益HRLTAP
| Q4 25 | $7.9B | $10.2B | ||
| Q3 25 | $8.1B | $10.3B | ||
| Q2 25 | $8.0B | $13.4B | ||
| Q1 25 | $8.0B | $13.1B | ||
| Q4 24 | $8.0B | $13.1B | ||
| Q3 24 | $7.9B | $13.3B | ||
| Q2 24 | $7.9B | $13.2B | ||
| Q1 24 | $7.8B | $13.1B |
总资产HRLTAP
| Q4 25 | $13.4B | $22.7B | ||
| Q3 25 | $13.5B | $22.9B | ||
| Q2 25 | $13.4B | $26.8B | ||
| Q1 25 | $13.4B | $25.9B | ||
| Q4 24 | $13.4B | $26.1B | ||
| Q3 24 | $13.1B | $26.6B | ||
| Q2 24 | $14.1B | $27.4B | ||
| Q1 24 | $13.5B | $26.1B |
负债/权益比HRLTAP
| Q4 25 | 0.36× | 0.61× | ||
| Q3 25 | 0.35× | 0.61× | ||
| Q2 25 | 0.35× | 0.47× | ||
| Q1 25 | 0.36× | 0.47× | ||
| Q4 24 | 0.36× | 0.47× | ||
| Q3 24 | 0.36× | 0.47× | ||
| Q2 24 | 0.36× | 0.53× | ||
| Q1 24 | 0.30× | 0.47× |
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 | $322.9M | $540.7M |
| 自由现金流经营现金流 - 资本支出 | $231.4M | $357.8M |
| 自由现金流率自由现金流/营收 | 7.3% | 11.4% |
| 资本支出强度资本支出/营收 | 2.9% | 5.9% |
| 现金转化率经营现金流/净利润 | — | 2.27× |
| 过去12个月自由现金流最近4个季度 | $534.3M | $1.1B |
8季度趋势，按日历期对齐
经营现金流HRLTAP
| Q4 25 | $322.9M | $540.7M | ||
| Q3 25 | $156.7M | $616.1M | ||
| Q2 25 | $56.4M | $718.3M | ||
| Q1 25 | $309.2M | $-90.7M | ||
| Q4 24 | $408.6M | $494.5M | ||
| Q3 24 | $218.0M | $521.2M | ||
| Q2 24 | $236.1M | $869.2M | ||
| Q1 24 | $404.0M | $25.4M |
自由现金流HRLTAP
| Q4 25 | $231.4M | $357.8M | ||
| Q3 25 | $84.5M | $483.0M | ||
| Q2 25 | $-18.6M | $555.0M | ||
| Q1 25 | $237.0M | $-328.0M | ||
| Q4 24 | $324.8M | $383.4M | ||
| Q3 24 | $152.5M | $350.4M | ||
| Q2 24 | $176.2M | $691.7M | ||
| Q1 24 | $356.8M | $-189.3M |
自由现金流率HRLTAP
| Q4 25 | 7.3% | 11.4% | ||
| Q3 25 | 2.8% | 13.9% | ||
| Q2 25 | -0.6% | 14.8% | ||
| Q1 25 | 7.9% | -12.2% | ||
| Q4 24 | 10.4% | 11.8% | ||
| Q3 24 | 5.3% | 9.7% | ||
| Q2 24 | 6.1% | 18.0% | ||
| Q1 24 | 11.9% | -6.2% |
资本支出强度HRLTAP
| Q4 25 | 2.9% | 5.9% | ||
| Q3 25 | 2.4% | 3.8% | ||
| Q2 25 | 2.6% | 4.4% | ||
| Q1 25 | 2.4% | 8.8% | ||
| Q4 24 | 2.7% | 3.4% | ||
| Q3 24 | 2.3% | 4.7% | ||
| Q2 24 | 2.1% | 4.6% | ||
| Q1 24 | 1.6% | 7.0% |
现金转化率HRLTAP
| Q4 25 | — | 2.27× | ||
| Q3 25 | 0.85× | — | ||
| Q2 25 | 0.31× | 1.68× | ||
| Q1 25 | 1.81× | -0.75× | ||
| Q4 24 | 1.86× | 1.72× | ||
| Q3 24 | 1.23× | 2.61× | ||
| Q2 24 | 1.25× | 2.04× | ||
| Q1 24 | 1.85× | 0.12× |
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
HRL
| Retail Segment | $1.9B | 60% |
| Foodservice Segment | $1.1B | 34% |
| Other | $174.7M | 5% |
TAP
暂无分部数据
