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宜瑞安（INGR）与永利度假村（WYNN）财务数据对比。点击上方公司名可切换其他公司
永利度假村的季度营收约是宜瑞安的1.1倍（$1.9B vs $1.8B），宜瑞安净利率更高（9.5% vs 5.4%，领先4.1%），永利度假村同比增速更快（1.5% vs -2.4%），永利度假村自由现金流更多（$306.8M vs $270.0M），过去两年永利度假村的营收复合增速更高（0.1% 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。
永利度假村是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店及博彩度假村的开发与运营。公司2002年由前梦幻度假村董事长兼首席执行官史蒂夫·永利创立，现任首席执行官为克雷格·比林斯，截至2020年已在全球布局6处优质物业。
INGR vs WYNN — 直观对比
营收规模更大
WYNN
是对方的1.1倍
$1.8B
营收增速更快
WYNN
高出3.9%
-2.4%
净利率更高
INGR
高出4.1%
5.4%
自由现金流更多
WYNN
多$36.8M
$270.0M
两年增速更快
WYNN
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.9B |
| 净利润 | $167.0M | $100.0M |
| 毛利率 | 24.5% | — |
| 营业利润率 | 12.5% | 14.7% |
| 净利率 | 9.5% | 5.4% |
| 营收同比 | -2.4% | 1.5% |
| 净利润同比 | 72.2% | -63.9% |
| 每股收益（稀释后） | $2.58 | $0.96 |
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INGRWYNN
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.8B | $1.7B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.9B | $1.7B | ||
| Q2 24 | $1.9B | $1.7B | ||
| Q1 24 | $1.9B | $1.9B |
净利润INGRWYNN
| Q4 25 | $167.0M | $100.0M | ||
| Q3 25 | $171.0M | $88.3M | ||
| Q2 25 | $196.0M | $66.2M | ||
| Q1 25 | $197.0M | $72.7M | ||
| Q4 24 | $97.0M | $277.0M | ||
| Q3 24 | $188.0M | $-32.1M | ||
| Q2 24 | $148.0M | $111.9M | ||
| Q1 24 | $216.0M | $144.2M |
毛利率INGRWYNN
| Q4 25 | 24.5% | — | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 26.0% | — | ||
| Q1 25 | 25.7% | — | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 25.6% | — | ||
| Q2 24 | 23.7% | — | ||
| Q1 24 | 22.2% | — |
营业利润率INGRWYNN
| Q4 25 | 12.5% | 14.7% | ||
| Q3 25 | 13.7% | 16.9% | ||
| Q2 25 | 14.8% | 15.2% | ||
| Q1 25 | 15.2% | 15.8% | ||
| Q4 24 | 9.0% | 20.0% | ||
| Q3 24 | 14.3% | 7.9% | ||
| Q2 24 | 12.8% | 15.6% | ||
| Q1 24 | 11.3% | 19.5% |
净利率INGRWYNN
| Q4 25 | 9.5% | 5.4% | ||
| Q3 25 | 9.4% | 4.8% | ||
| Q2 25 | 10.7% | 3.8% | ||
| Q1 25 | 10.9% | 4.3% | ||
| Q4 24 | 5.4% | 15.1% | ||
| Q3 24 | 10.1% | -1.9% | ||
| Q2 24 | 7.9% | 6.5% | ||
| Q1 24 | 11.5% | 7.7% |
每股收益（稀释后）INGRWYNN
| Q4 25 | $2.58 | $0.96 | ||
| Q3 25 | $2.61 | $0.85 | ||
| Q2 25 | $2.99 | $0.64 | ||
| Q1 25 | $3.00 | $0.69 | ||
| Q4 24 | $1.43 | $2.43 | ||
| Q3 24 | $2.83 | $-0.29 | ||
| Q2 24 | $2.22 | $0.91 | ||
| Q1 24 | $3.23 | $1.30 |
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 | $1.5B |
| 总债务越低越好 | — | $10.5B |
| 股东权益账面价值 | $4.3B | $-275.5M |
| 总资产 | $7.9B | $13.1B |
| 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INGRWYNN
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $915.0M | $1.5B | ||
| Q2 25 | $861.0M | $2.0B | ||
| Q1 25 | $837.0M | $2.1B | ||
| Q4 24 | $997.0M | $2.4B | ||
| Q3 24 | $877.0M | $2.4B | ||
| Q2 24 | $505.0M | $2.4B | ||
| Q1 24 | $438.0M | $2.4B |
总债务INGRWYNN
| Q4 25 | — | $10.5B | ||
| Q3 25 | — | $10.6B | ||
| Q2 25 | — | $10.5B | ||
| Q1 25 | — | $10.6B | ||
| Q4 24 | — | $10.5B | ||
| Q3 24 | — | $11.8B | ||
| Q2 24 | — | $11.0B | ||
| Q1 24 | — | $11.2B |
股东权益INGRWYNN
| Q4 25 | $4.3B | $-275.5M | ||
| Q3 25 | $4.2B | $-370.0M | ||
| Q2 25 | $4.2B | $-441.5M | ||
| Q1 25 | $4.0B | $-360.7M | ||
| Q4 24 | $3.8B | $-224.2M | ||
| Q3 24 | $4.0B | $-281.4M | ||
| Q2 24 | $3.7B | $-109.8M | ||
| Q1 24 | $3.7B | $-137.0M |
总资产INGRWYNN
| Q4 25 | $7.9B | $13.1B | ||
| Q3 25 | $7.8B | $12.8B | ||
| Q2 25 | $7.8B | $12.7B | ||
| Q1 25 | $7.5B | $12.7B | ||
| Q4 24 | $7.4B | $13.0B | ||
| Q3 24 | $7.5B | $14.1B | ||
| Q2 24 | $7.2B | $13.3B | ||
| Q1 24 | $7.3B | $13.5B |
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 | $478.0M |
| 自由现金流经营现金流 - 资本支出 | $270.0M | $306.8M |
| 自由现金流率自由现金流/营收 | 15.4% | 16.4% |
| 资本支出强度资本支出/营收 | 7.7% | 9.2% |
| 现金转化率经营现金流/净利润 | 2.43× | 4.78× |
| 过去12个月自由现金流最近4个季度 | $511.0M | $692.2M |
8季度趋势，按日历期对齐
经营现金流INGRWYNN
| Q4 25 | $405.0M | $478.0M | ||
| Q3 25 | $277.0M | $335.8M | ||
| Q2 25 | $185.0M | $405.1M | ||
| Q1 25 | $77.0M | $133.8M | ||
| Q4 24 | $436.0M | $479.0M | ||
| Q3 24 | $479.0M | $279.3M | ||
| Q2 24 | $312.0M | $352.8M | ||
| Q1 24 | $209.0M | $315.1M |
自由现金流INGRWYNN
| Q4 25 | $270.0M | $306.8M | ||
| Q3 25 | $172.0M | $171.8M | ||
| Q2 25 | $84.0M | $239.8M | ||
| Q1 25 | $-15.0M | $-26.2M | ||
| Q4 24 | $311.0M | $351.8M | ||
| Q3 24 | $429.0M | $178.0M | ||
| Q2 24 | $257.0M | $259.1M | ||
| Q1 24 | $144.0M | $217.4M |
自由现金流率INGRWYNN
| Q4 25 | 15.4% | 16.4% | ||
| Q3 25 | 9.5% | 9.4% | ||
| Q2 25 | 4.6% | 13.8% | ||
| Q1 25 | -0.8% | -1.5% | ||
| Q4 24 | 17.3% | 19.1% | ||
| Q3 24 | 22.9% | 10.5% | ||
| Q2 24 | 13.7% | 15.0% | ||
| Q1 24 | 7.7% | 11.7% |
资本支出强度INGRWYNN
| Q4 25 | 7.7% | 9.2% | ||
| Q3 25 | 5.8% | 8.9% | ||
| Q2 25 | 5.5% | 9.5% | ||
| Q1 25 | 5.1% | 9.4% | ||
| Q4 24 | 6.9% | 6.9% | ||
| Q3 24 | 2.7% | 6.0% | ||
| Q2 24 | 2.9% | 5.4% | ||
| Q1 24 | 3.5% | 5.2% |
现金转化率INGRWYNN
| Q4 25 | 2.43× | 4.78× | ||
| Q3 25 | 1.62× | 3.80× | ||
| Q2 25 | 0.94× | 6.12× | ||
| Q1 25 | 0.39× | 1.84× | ||
| Q4 24 | 4.49× | 1.73× | ||
| Q3 24 | 2.55× | — | ||
| Q2 24 | 2.11× | 3.15× | ||
| Q1 24 | 0.97× | 2.18× |
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% |
WYNN
| Casino | $1.1B | 61% |
| Occupancy | $305.1M | 16% |
| Food And Beverage | $264.9M | 14% |
| Entertainment Retail And Other | $152.6M | 8% |
