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宜瑞安（INGR）与奥驰亚（MO）财务数据对比。点击上方公司名可切换其他公司
奥驰亚的季度营收约是宜瑞安的3.3倍（$5.8B vs $1.8B）。奥驰亚净利率更高（19.1% vs 9.5%，领先9.6%）。奥驰亚同比增速更快（-2.1% vs -2.4%）。奥驰亚自由现金流更多（$3.2B vs $270.0M）。过去两年奥驰亚的营收复合增速更高（2.4% vs -3.4%）
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
奥驰亚集团是美国头部烟草企业，通过旗下子公司生产销售可燃烟草与口服类烟草相关产品，核心品牌包括万宝路香烟、Black & Mild雪茄及烟斗烟、哥本哈根、斯库尔等湿无烟烟草，以及on!口服尼古丁袋，产品主要供应批发商、分销商及大型零售客户。
INGR vs MO — 直观对比
营收规模更大
MO
是对方的3.3倍
$1.8B
营收增速更快
MO
高出0.2%
-2.4%
净利率更高
MO
高出9.6%
9.5%
自由现金流更多
MO
多$2.9B
$270.0M
两年增速更快
MO
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $5.8B |
| 净利润 | $167.0M | $1.1B |
| 毛利率 | 24.5% | 62.1% |
| 营业利润率 | 12.5% | 28.2% |
| 净利率 | 9.5% | 19.1% |
| 营收同比 | -2.4% | -2.1% |
| 净利润同比 | 72.2% | -63.2% |
| 每股收益（稀释后） | $2.58 | $0.67 |
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INGRMO
| Q4 25 | $1.8B | $5.8B | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.8B | $6.1B | ||
| Q1 25 | $1.8B | $5.3B | ||
| Q4 24 | $1.8B | $6.0B | ||
| Q3 24 | $1.9B | $6.3B | ||
| Q2 24 | $1.9B | $6.2B | ||
| Q1 24 | $1.9B | $5.6B |
净利润INGRMO
| Q4 25 | $167.0M | $1.1B | ||
| Q3 25 | $171.0M | $2.4B | ||
| Q2 25 | $196.0M | $2.4B | ||
| Q1 25 | $197.0M | $1.1B | ||
| Q4 24 | $97.0M | $3.0B | ||
| Q3 24 | $188.0M | $2.3B | ||
| Q2 24 | $148.0M | $3.8B | ||
| Q1 24 | $216.0M | $2.1B |
毛利率INGRMO
| Q4 25 | 24.5% | 62.1% | ||
| Q3 25 | 25.1% | 62.8% | ||
| Q2 25 | 26.0% | 63.1% | ||
| Q1 25 | 25.7% | 61.8% | ||
| Q4 24 | 24.9% | 60.3% | ||
| Q3 24 | 25.6% | 60.8% | ||
| Q2 24 | 23.7% | 59.2% | ||
| Q1 24 | 22.2% | 58.8% |
营业利润率INGRMO
| Q4 25 | 12.5% | 28.2% | ||
| Q3 25 | 13.7% | 53.2% | ||
| Q2 25 | 14.8% | 52.9% | ||
| Q1 25 | 15.2% | 34.0% | ||
| Q4 24 | 9.0% | 48.2% | ||
| Q3 24 | 14.3% | 50.4% | ||
| Q2 24 | 12.8% | 40.8% | ||
| Q1 24 | 11.3% | 48.0% |
净利率INGRMO
| Q4 25 | 9.5% | 19.1% | ||
| Q3 25 | 9.4% | 39.1% | ||
| Q2 25 | 10.7% | 39.0% | ||
| Q1 25 | 10.9% | 20.5% | ||
| Q4 24 | 5.4% | 50.9% | ||
| Q3 24 | 10.1% | 36.6% | ||
| Q2 24 | 7.9% | 61.2% | ||
| Q1 24 | 11.5% | 38.2% |
每股收益（稀释后）INGRMO
| Q4 25 | $2.58 | $0.67 | ||
| Q3 25 | $2.61 | $1.41 | ||
| Q2 25 | $2.99 | $1.41 | ||
| Q1 25 | $3.00 | $0.63 | ||
| Q4 24 | $1.43 | $1.78 | ||
| Q3 24 | $2.83 | $1.34 | ||
| Q2 24 | $2.22 | $2.21 | ||
| Q1 24 | $3.23 | $1.21 |
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 | $1.0B | $4.5B |
| 总债务越低越好 | — | $25.7B |
| 股东权益账面价值 | $4.3B | $-3.5B |
| 总资产 | $7.9B | $35.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资INGRMO
| Q4 25 | $1.0B | $4.5B | ||
| Q3 25 | $915.0M | $3.5B | ||
| Q2 25 | $861.0M | $1.3B | ||
| Q1 25 | $837.0M | $4.7B | ||
| Q4 24 | $997.0M | $3.1B | ||
| Q3 24 | $877.0M | $1.9B | ||
| Q2 24 | $505.0M | $1.8B | ||
| Q1 24 | $438.0M | $3.6B |
总债务INGRMO
| Q4 25 | — | $25.7B | ||
| Q3 25 | — | $25.7B | ||
| Q2 25 | — | $24.7B | ||
| Q1 25 | — | $26.1B | ||
| Q4 24 | — | $24.9B | ||
| Q3 24 | — | $25.2B | ||
| Q2 24 | — | $25.0B | ||
| Q1 24 | — | $25.0B |
股东权益INGRMO
| Q4 25 | $4.3B | $-3.5B | ||
| Q3 25 | $4.2B | $-2.6B | ||
| Q2 25 | $4.2B | $-3.3B | ||
| Q1 25 | $4.0B | $-3.5B | ||
| Q4 24 | $3.8B | $-2.2B | ||
| Q3 24 | $4.0B | $-3.5B | ||
| Q2 24 | $3.7B | $-3.0B | ||
| Q1 24 | $3.7B | $-5.1B |
总资产INGRMO
| Q4 25 | $7.9B | $35.0B | ||
| Q3 25 | $7.8B | $35.0B | ||
| Q2 25 | $7.8B | $32.3B | ||
| Q1 25 | $7.5B | $35.8B | ||
| Q4 24 | $7.4B | $35.2B | ||
| Q3 24 | $7.5B | $34.2B | ||
| Q2 24 | $7.2B | $34.4B | ||
| Q1 24 | $7.3B | $36.5B |
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 | $405.0M | $3.3B |
| 自由现金流经营现金流 - 资本支出 | $270.0M | $3.2B |
| 自由现金流率自由现金流/营收 | 15.4% | 54.4% |
| 资本支出强度资本支出/营收 | 7.7% | 1.6% |
| 现金转化率经营现金流/净利润 | 2.43× | 2.93× |
| 过去12个月自由现金流最近4个季度 | $511.0M | $9.1B |
8季度趋势，按日历期对齐
经营现金流INGRMO
| Q4 25 | $405.0M | $3.3B | ||
| Q3 25 | $277.0M | $3.1B | ||
| Q2 25 | $185.0M | $205.0M | ||
| Q1 25 | $77.0M | $2.7B | ||
| Q4 24 | $436.0M | $3.3B | ||
| Q3 24 | $479.0M | $2.6B | ||
| Q2 24 | $312.0M | $-75.0M | ||
| Q1 24 | $209.0M | $2.9B |
自由现金流INGRMO
| Q4 25 | $270.0M | $3.2B | ||
| Q3 25 | $172.0M | $3.0B | ||
| Q2 25 | $84.0M | $173.0M | ||
| Q1 25 | $-15.0M | $2.7B | ||
| Q4 24 | $311.0M | $3.3B | ||
| Q3 24 | $429.0M | $2.6B | ||
| Q2 24 | $257.0M | $-104.0M | ||
| Q1 24 | $144.0M | $2.8B |
自由现金流率INGRMO
| Q4 25 | 15.4% | 54.4% | ||
| Q3 25 | 9.5% | 50.1% | ||
| Q2 25 | 4.6% | 2.8% | ||
| Q1 25 | -0.8% | 51.0% | ||
| Q4 24 | 17.3% | 55.1% | ||
| Q3 24 | 22.9% | 41.2% | ||
| Q2 24 | 13.7% | -1.7% | ||
| Q1 24 | 7.7% | 51.0% |
资本支出强度INGRMO
| Q4 25 | 7.7% | 1.6% | ||
| Q3 25 | 5.8% | 0.9% | ||
| Q2 25 | 5.5% | 0.5% | ||
| Q1 25 | 5.1% | 0.7% | ||
| Q4 24 | 6.9% | 0.8% | ||
| Q3 24 | 2.7% | 0.5% | ||
| Q2 24 | 2.9% | 0.5% | ||
| Q1 24 | 3.5% | 0.6% |
现金转化率INGRMO
| Q4 25 | 2.43× | 2.93× | ||
| Q3 25 | 1.62× | 1.30× | ||
| Q2 25 | 0.94× | 0.09× | ||
| Q1 25 | 0.39× | 2.53× | ||
| Q4 24 | 4.49× | 1.10× | ||
| Q3 24 | 2.55× | 1.14× | ||
| Q2 24 | 2.11× | -0.02× | ||
| Q1 24 | 0.97× | 1.35× |
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
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
MO
| Smokeable Products Segment | $5.1B | 88% |
| Oral Tobacco Segment | $706.0M | 12% |
