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宜瑞安（INGR）与QVC Group, Inc.（QVCGA）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是宜瑞安的1.5倍（$2.7B vs $1.8B），宜瑞安净利率更高（9.5% vs -1.4%，领先10.9%），宜瑞安同比增速更快（-2.4% vs -9.1%），宜瑞安自由现金流更多（$270.0M vs $191.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
INGR vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.5倍
$1.8B
营收增速更快
INGR
高出6.7%
-9.1%
净利率更高
INGR
高出10.9%
-1.4%
自由现金流更多
INGR
多$79.0M
$191.0M
两年增速更快
QVCGA
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.7B |
| 净利润 | $167.0M | $-37.0M |
| 毛利率 | 24.5% | 32.9% |
| 营业利润率 | 12.5% | 3.7% |
| 净利率 | 9.5% | -1.4% |
| 营收同比 | -2.4% | -9.1% |
| 净利润同比 | 72.2% | 97.1% |
| 每股收益（稀释后） | $2.58 | $-17.37 |
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INGRQVCGA
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.8B | $2.9B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $1.9B | $2.3B |
净利润INGRQVCGA
| Q4 25 | $167.0M | $-37.0M | ||
| Q3 25 | $171.0M | $-80.0M | ||
| Q2 25 | $196.0M | $-2.2B | ||
| Q1 25 | $197.0M | $-100.0M | ||
| Q4 24 | $97.0M | $-1.3B | ||
| Q3 24 | $188.0M | $-23.0M | ||
| Q2 24 | $148.0M | $20.0M | ||
| Q1 24 | $216.0M | $-1.0M |
毛利率INGRQVCGA
| Q4 25 | 24.5% | 32.9% | ||
| Q3 25 | 25.1% | 34.0% | ||
| Q2 25 | 26.0% | 36.4% | ||
| Q1 25 | 25.7% | 34.2% | ||
| Q4 24 | 24.9% | 33.3% | ||
| Q3 24 | 25.6% | 35.3% | ||
| Q2 24 | 23.7% | 36.4% | ||
| Q1 24 | 22.2% | 35.5% |
营业利润率INGRQVCGA
| Q4 25 | 12.5% | 3.7% | ||
| Q3 25 | 13.7% | 2.7% | ||
| Q2 25 | 14.8% | -101.6% | ||
| Q1 25 | 15.2% | 0.7% | ||
| Q4 24 | 9.0% | -43.2% | ||
| Q3 24 | 14.3% | 6.5% | ||
| Q2 24 | 12.8% | 6.9% | ||
| Q1 24 | 11.3% | 6.2% |
净利率INGRQVCGA
| Q4 25 | 9.5% | -1.4% | ||
| Q3 25 | 9.4% | -3.6% | ||
| Q2 25 | 10.7% | -99.4% | ||
| Q1 25 | 10.9% | -4.8% | ||
| Q4 24 | 5.4% | -43.7% | ||
| Q3 24 | 10.1% | -1.0% | ||
| Q2 24 | 7.9% | 0.8% | ||
| Q1 24 | 11.5% | -0.0% |
每股收益（稀释后）INGRQVCGA
| Q4 25 | $2.58 | $-17.37 | ||
| Q3 25 | $2.61 | $-9.89 | ||
| Q2 25 | $2.99 | $-275.46 | ||
| Q1 25 | $3.00 | $-0.25 | ||
| Q4 24 | $1.43 | — | ||
| Q3 24 | $2.83 | $-0.06 | ||
| Q2 24 | $2.22 | $2.57 | ||
| Q1 24 | $3.23 | — |
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 | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $4.3B | $-3.1B |
| 总资产 | $7.9B | $7.6B |
| 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INGRQVCGA
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $915.0M | $1.8B | ||
| Q2 25 | $861.0M | $897.0M | ||
| Q1 25 | $837.0M | $833.0M | ||
| Q4 24 | $997.0M | $905.0M | ||
| Q3 24 | $877.0M | $873.0M | ||
| Q2 24 | $505.0M | $1.2B | ||
| Q1 24 | $438.0M | $1.1B |
总债务INGRQVCGA
| Q4 25 | — | $790.0M | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | — | $5.5B |
股东权益INGRQVCGA
| Q4 25 | $4.3B | $-3.1B | ||
| Q3 25 | $4.2B | $-3.1B | ||
| Q2 25 | $4.2B | $-3.0B | ||
| Q1 25 | $4.0B | $-981.0M | ||
| Q4 24 | $3.8B | $-971.0M | ||
| Q3 24 | $4.0B | $397.0M | ||
| Q2 24 | $3.7B | $328.0M | ||
| Q1 24 | $3.7B | $255.0M |
总资产INGRQVCGA
| Q4 25 | $7.9B | $7.6B | ||
| Q3 25 | $7.8B | $7.6B | ||
| Q2 25 | $7.8B | $6.7B | ||
| Q1 25 | $7.5B | $9.0B | ||
| Q4 24 | $7.4B | $9.2B | ||
| Q3 24 | $7.5B | $10.8B | ||
| Q2 24 | $7.2B | $10.9B | ||
| Q1 24 | $7.3B | $11.0B |
负债/权益比INGRQVCGA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | — | 16.28× | ||
| Q1 24 | — | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $270.0M | $191.0M |
| 自由现金流率自由现金流/营收 | 15.4% | 7.1% |
| 资本支出强度资本支出/营收 | 7.7% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.43× | — |
| 过去12个月自由现金流最近4个季度 | $511.0M | $118.0M |
8季度趋势，按日历期对齐
经营现金流INGRQVCGA
| Q4 25 | $405.0M | $244.0M | ||
| Q3 25 | $277.0M | $4.0M | ||
| Q2 25 | $185.0M | $86.0M | ||
| Q1 25 | $77.0M | $-60.0M | ||
| Q4 24 | $436.0M | $212.0M | ||
| Q3 24 | $479.0M | $20.0M | ||
| Q2 24 | $312.0M | $267.0M | ||
| Q1 24 | $209.0M | $26.0M |
自由现金流INGRQVCGA
| Q4 25 | $270.0M | $191.0M | ||
| Q3 25 | $172.0M | $-27.0M | ||
| Q2 25 | $84.0M | $48.0M | ||
| Q1 25 | $-15.0M | $-94.0M | ||
| Q4 24 | $311.0M | $150.0M | ||
| Q3 24 | $429.0M | $-23.0M | ||
| Q2 24 | $257.0M | $213.0M | ||
| Q1 24 | $144.0M | $-14.0M |
自由现金流率INGRQVCGA
| Q4 25 | 15.4% | 7.1% | ||
| Q3 25 | 9.5% | -1.2% | ||
| Q2 25 | 4.6% | 2.1% | ||
| Q1 25 | -0.8% | -4.5% | ||
| Q4 24 | 17.3% | 5.1% | ||
| Q3 24 | 22.9% | -1.0% | ||
| Q2 24 | 13.7% | 8.8% | ||
| Q1 24 | 7.7% | -0.6% |
资本支出强度INGRQVCGA
| Q4 25 | 7.7% | 2.0% | ||
| Q3 25 | 5.8% | 1.4% | ||
| Q2 25 | 5.5% | 1.7% | ||
| Q1 25 | 5.1% | 1.6% | ||
| Q4 24 | 6.9% | 2.1% | ||
| Q3 24 | 2.7% | 1.8% | ||
| Q2 24 | 2.9% | 2.2% | ||
| Q1 24 | 3.5% | 1.7% |
现金转化率INGRQVCGA
| Q4 25 | 2.43× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 4.49× | — | ||
| Q3 24 | 2.55× | — | ||
| Q2 24 | 2.11× | 13.35× | ||
| Q1 24 | 0.97× | — |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
