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宜瑞安（INGR）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
宜瑞安的季度营收约是Snap Inc的1.0倍（$1.8B vs $1.7B），宜瑞安净利率更高（9.5% vs 2.6%，领先6.9%），Snap Inc同比增速更快（10.2% vs -2.4%），宜瑞安自由现金流更多（$270.0M vs $205.6M），过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
INGR vs SNAP — 直观对比
营收规模更大
INGR
是对方的1.0倍
$1.7B
营收增速更快
SNAP
高出12.6%
-2.4%
净利率更高
INGR
高出6.9%
2.6%
自由现金流更多
INGR
多$64.4M
$205.6M
两年增速更快
SNAP
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.7B |
| 净利润 | $167.0M | $45.2M |
| 毛利率 | 24.5% | 59.1% |
| 营业利润率 | 12.5% | 2.9% |
| 净利率 | 9.5% | 2.6% |
| 营收同比 | -2.4% | 10.2% |
| 净利润同比 | 72.2% | 396.7% |
| 每股收益（稀释后） | $2.58 | $0.03 |
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INGRSNAP
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.9B | $1.4B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
净利润INGRSNAP
| Q4 25 | $167.0M | $45.2M | ||
| Q3 25 | $171.0M | $-103.5M | ||
| Q2 25 | $196.0M | $-262.6M | ||
| Q1 25 | $197.0M | $-139.6M | ||
| Q4 24 | $97.0M | $9.1M | ||
| Q3 24 | $188.0M | $-153.2M | ||
| Q2 24 | $148.0M | $-248.6M | ||
| Q1 24 | $216.0M | $-305.1M |
毛利率INGRSNAP
| Q4 25 | 24.5% | 59.1% | ||
| Q3 25 | 25.1% | 55.3% | ||
| Q2 25 | 26.0% | 51.4% | ||
| Q1 25 | 25.7% | 53.1% | ||
| Q4 24 | 24.9% | 56.9% | ||
| Q3 24 | 25.6% | 53.5% | ||
| Q2 24 | 23.7% | 52.4% | ||
| Q1 24 | 22.2% | 51.9% |
营业利润率INGRSNAP
| Q4 25 | 12.5% | 2.9% | ||
| Q3 25 | 13.7% | -8.5% | ||
| Q2 25 | 14.8% | -19.3% | ||
| Q1 25 | 15.2% | -14.2% | ||
| Q4 24 | 9.0% | -1.7% | ||
| Q3 24 | 14.3% | -12.6% | ||
| Q2 24 | 12.8% | -20.5% | ||
| Q1 24 | 11.3% | -27.9% |
净利率INGRSNAP
| Q4 25 | 9.5% | 2.6% | ||
| Q3 25 | 9.4% | -6.9% | ||
| Q2 25 | 10.7% | -19.5% | ||
| Q1 25 | 10.9% | -10.2% | ||
| Q4 24 | 5.4% | 0.6% | ||
| Q3 24 | 10.1% | -11.2% | ||
| Q2 24 | 7.9% | -20.1% | ||
| Q1 24 | 11.5% | -25.5% |
每股收益（稀释后）INGRSNAP
| Q4 25 | $2.58 | $0.03 | ||
| Q3 25 | $2.61 | $-0.06 | ||
| Q2 25 | $2.99 | $-0.16 | ||
| Q1 25 | $3.00 | $-0.08 | ||
| Q4 24 | $1.43 | $0.01 | ||
| Q3 24 | $2.83 | $-0.09 | ||
| Q2 24 | $2.22 | $-0.15 | ||
| Q1 24 | $3.23 | $-0.19 |
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 | $2.9B |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $4.3B | $2.3B |
| 总资产 | $7.9B | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资INGRSNAP
| Q4 25 | $1.0B | $2.9B | ||
| Q3 25 | $915.0M | $3.0B | ||
| Q2 25 | $861.0M | $2.9B | ||
| Q1 25 | $837.0M | $3.2B | ||
| Q4 24 | $997.0M | $3.4B | ||
| Q3 24 | $877.0M | $3.2B | ||
| Q2 24 | $505.0M | $3.1B | ||
| Q1 24 | $438.0M | $2.9B |
总债务INGRSNAP
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.3B |
股东权益INGRSNAP
| Q4 25 | $4.3B | $2.3B | ||
| Q3 25 | $4.2B | $2.2B | ||
| Q2 25 | $4.2B | $2.1B | ||
| Q1 25 | $4.0B | $2.3B | ||
| Q4 24 | $3.8B | $2.5B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $3.7B | $2.1B | ||
| Q1 24 | $3.7B | $2.1B |
总资产INGRSNAP
| Q4 25 | $7.9B | $7.7B | ||
| Q3 25 | $7.8B | $7.6B | ||
| Q2 25 | $7.8B | $7.4B | ||
| Q1 25 | $7.5B | $7.6B | ||
| Q4 24 | $7.4B | $7.9B | ||
| Q3 24 | $7.5B | $7.6B | ||
| Q2 24 | $7.2B | $7.4B | ||
| Q1 24 | $7.3B | $7.2B |
负债/权益比INGRSNAP
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.76× | ||
| Q1 24 | — | 1.55× |
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 | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $270.0M | $205.6M |
| 自由现金流率自由现金流/营收 | 15.4% | 12.0% |
| 资本支出强度资本支出/营收 | 7.7% | 3.7% |
| 现金转化率经营现金流/净利润 | 2.43× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $511.0M | $437.2M |
8季度趋势，按日历期对齐
经营现金流INGRSNAP
| Q4 25 | $405.0M | $269.6M | ||
| Q3 25 | $277.0M | $146.5M | ||
| Q2 25 | $185.0M | $88.5M | ||
| Q1 25 | $77.0M | $151.6M | ||
| Q4 24 | $436.0M | $230.6M | ||
| Q3 24 | $479.0M | $115.9M | ||
| Q2 24 | $312.0M | $-21.4M | ||
| Q1 24 | $209.0M | $88.4M |
自由现金流INGRSNAP
| Q4 25 | $270.0M | $205.6M | ||
| Q3 25 | $172.0M | $93.4M | ||
| Q2 25 | $84.0M | $23.8M | ||
| Q1 25 | $-15.0M | $114.4M | ||
| Q4 24 | $311.0M | $182.4M | ||
| Q3 24 | $429.0M | $71.8M | ||
| Q2 24 | $257.0M | $-73.4M | ||
| Q1 24 | $144.0M | $37.9M |
自由现金流率INGRSNAP
| Q4 25 | 15.4% | 12.0% | ||
| Q3 25 | 9.5% | 6.2% | ||
| Q2 25 | 4.6% | 1.8% | ||
| Q1 25 | -0.8% | 8.4% | ||
| Q4 24 | 17.3% | 11.7% | ||
| Q3 24 | 22.9% | 5.2% | ||
| Q2 24 | 13.7% | -5.9% | ||
| Q1 24 | 7.7% | 3.2% |
资本支出强度INGRSNAP
| Q4 25 | 7.7% | 3.7% | ||
| Q3 25 | 5.8% | 3.5% | ||
| Q2 25 | 5.5% | 4.8% | ||
| Q1 25 | 5.1% | 2.7% | ||
| Q4 24 | 6.9% | 3.1% | ||
| Q3 24 | 2.7% | 3.2% | ||
| Q2 24 | 2.9% | 4.2% | ||
| Q1 24 | 3.5% | 4.2% |
现金转化率INGRSNAP
| Q4 25 | 2.43× | 5.96× | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 4.49× | 25.34× | ||
| Q3 24 | 2.55× | — | ||
| Q2 24 | 2.11× | — | ||
| 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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
