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JBS N.V.（JBS）与拼多多（PDD）财务数据对比。点击上方公司名可切换其他公司
JBS N.V.的季度营收约是拼多多的1.5倍（$22.6B vs $15.2B），拼多多净利率更高（27.1% vs 2.9%，领先24.2%）
JBS N.V.是巴西跨国企业，为全球规模最大的肉类加工集团，生产工厂化加工的牛肉、鸡肉、三文鱼、羊肉、猪肉等产品，同时销售肉类加工衍生的各类副产品，总部设于圣保罗，1953年在戈亚斯州阿纳波利斯成立。
PDD控股是总部位于爱尔兰的跨国企业，旗下拥有中国头部线上零售平台拼多多和跨境电商平台Temu。拼多多主打农业供应链数字化升级，助力农产品直接对接广大消费者需求。
JBS vs PDD — 直观对比
营收规模更大
JBS
是对方的1.5倍
$15.2B
净利率更高
PDD
高出24.2%
2.9%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $22.6B | $15.2B |
| 净利润 | $644.1M | $4.1B |
| 毛利率 | 13.2% | 56.7% |
| 营业利润率 | 5.4% | 23.1% |
| 净利率 | 2.9% | 27.1% |
| 营收同比 | 13.4% | — |
| 净利润同比 | -14.9% | — |
| 每股收益（稀释后） | $0.52 | — |
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JBSPDD
| Q3 25 | $22.6B | $15.2B | ||
| Q2 25 | — | $14.5B | ||
| Q3 24 | $19.9B | $14.2B | ||
| Q1 24 | — | $12.0B | ||
| Q3 23 | — | $9.4B | ||
| Q2 23 | — | $7.2B | ||
| Q4 22 | — | $5.8B | ||
| Q3 22 | — | $5.0B |
净利润JBSPDD
| Q3 25 | $644.1M | $4.1B | ||
| Q2 25 | — | $4.3B | ||
| Q3 24 | $756.6M | $3.6B | ||
| Q1 24 | — | $3.9B | ||
| Q3 23 | — | $2.1B | ||
| Q2 23 | — | $1.8B | ||
| Q4 22 | — | $1.4B | ||
| Q3 22 | — | $1.5B |
毛利率JBSPDD
| Q3 25 | 13.2% | 56.7% | ||
| Q2 25 | — | 55.9% | ||
| Q3 24 | 16.5% | 60.0% | ||
| Q1 24 | — | 62.3% | ||
| Q3 23 | — | 61.0% | ||
| Q2 23 | — | 64.3% | ||
| Q4 22 | — | 77.6% | ||
| Q3 22 | — | 79.1% |
营业利润率JBSPDD
| Q3 25 | 5.4% | 23.1% | ||
| Q2 25 | — | 24.8% | ||
| Q3 24 | 7.8% | 24.5% | ||
| Q1 24 | — | 29.9% | ||
| Q3 23 | — | 24.2% | ||
| Q2 23 | — | 24.3% | ||
| Q4 22 | — | 22.9% | ||
| Q3 22 | — | 29.4% |
净利率JBSPDD
| Q3 25 | 2.9% | 27.1% | ||
| Q2 25 | — | 29.6% | ||
| Q3 24 | 3.8% | 25.1% | ||
| Q1 24 | — | 32.3% | ||
| Q3 23 | — | 22.6% | ||
| Q2 23 | — | 25.1% | ||
| Q4 22 | — | 23.7% | ||
| Q3 22 | — | 29.8% |
每股收益（稀释后）JBSPDD
| Q3 25 | $0.52 | — | ||
| Q2 25 | — | — | ||
| Q3 24 | $0.62 | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
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 | $485.5B | $13.0B |
| 总债务越低越好 | $213.0M | — |
| 股东权益账面价值 | $9.5B | $55.0B |
| 总资产 | $44.2B | $86.2B |
| 负债/权益比越低杠杆越低 | 0.02× | — |
8季度趋势，按日历期对齐
现金及短期投资JBSPDD
| Q3 25 | $485.5B | $13.0B | ||
| Q2 25 | — | $8.8B | ||
| Q3 24 | $5.1B | $9.3B | ||
| Q1 24 | — | $7.7B | ||
| Q3 23 | — | $7.5B | ||
| Q2 23 | — | $4.3B | ||
| Q4 22 | — | $21.7B | ||
| Q3 22 | — | $3.6B |
总债务JBSPDD
| Q3 25 | $213.0M | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
股东权益JBSPDD
| Q3 25 | $9.5B | $55.0B | ||
| Q2 25 | — | $50.5B | ||
| Q3 24 | $9.5B | $39.7B | ||
| Q1 24 | — | $30.3B | ||
| Q3 23 | — | $22.2B | ||
| Q2 23 | — | $20.0B | ||
| Q4 22 | — | $17.1B | ||
| Q3 22 | — | $15.1B |
总资产JBSPDD
| Q3 25 | $44.2B | $86.2B | ||
| Q2 25 | — | $79.2B | ||
| Q3 24 | — | $66.5B | ||
| Q1 24 | — | $52.3B | ||
| Q3 23 | — | $43.1B | ||
| Q2 23 | — | $37.8B | ||
| Q4 22 | — | $34.4B | ||
| Q3 22 | — | $29.4B |
负债/权益比JBSPDD
| Q3 25 | 0.02× | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
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 | $996.4M | $6.4B |
| 自由现金流经营现金流 - 资本支出 | $-264.6M | — |
| 自由现金流率自由现金流/营收 | -1.2% | — |
| 资本支出强度资本支出/营收 | 5.6% | — |
| 现金转化率经营现金流/净利润 | 1.55× | 1.56× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流JBSPDD
| Q3 25 | $996.4M | $6.4B | ||
| Q2 25 | — | $3.0B | ||
| Q3 24 | — | $3.9B | ||
| Q1 24 | — | $2.9B | ||
| Q3 23 | — | $4.5B | ||
| Q2 23 | — | $3.2B | ||
| Q4 22 | — | $7.0B | ||
| Q3 22 | — | $1.6B |
自由现金流JBSPDD
| Q3 25 | $-264.6M | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
自由现金流率JBSPDD
| Q3 25 | -1.2% | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
资本支出强度JBSPDD
| Q3 25 | 5.6% | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
现金转化率JBSPDD
| Q3 25 | 1.55× | 1.56× | ||
| Q2 25 | — | 0.70× | ||
| Q3 24 | — | 1.10× | ||
| Q1 24 | — | 0.75× | ||
| Q3 23 | — | 2.09× | ||
| Q2 23 | — | 1.78× | ||
| Q4 22 | — | 5.13× | ||
| Q3 22 | — | 1.10× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
