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J&J SNACK FOODS CORP（JJSF）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
SUBURBAN PROPANE PARTNERS LP的季度营收约是J&J SNACK FOODS CORP的1.1倍（$370.4M vs $343.8M），SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs 0.3%，领先12.1%），SUBURBAN PROPANE PARTNERS LP同比增速更快（-0.8% vs -5.2%），J&J SNACK FOODS CORP自由现金流更多（$17.0M vs $-67.5M），过去两年J&J SNACK FOODS CORP的营收复合增速更高（-2.2% vs -13.8%）
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
JJSF vs SPH — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $343.8M | $370.4M |
| 净利润 | $883.0K | $45.8M |
| 毛利率 | 27.9% | 64.7% |
| 营业利润率 | 0.2% | 18.3% |
| 净利率 | 0.3% | 12.4% |
| 营收同比 | -5.2% | -0.8% |
| 净利润同比 | -82.8% | 135.7% |
| 每股收益（稀释后） | $0.05 | $0.69 |
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
| Q4 25 | $343.8M | $370.4M | ||
| Q3 25 | $410.2M | $211.4M | ||
| Q2 25 | $454.3M | $260.1M | ||
| Q1 25 | $356.1M | $587.7M | ||
| Q4 24 | $362.6M | $373.3M | ||
| Q3 24 | $426.8M | $208.6M | ||
| Q2 24 | $440.0M | $254.6M | ||
| Q1 24 | $359.7M | $498.1M |
| Q4 25 | $883.0K | $45.8M | ||
| Q3 25 | $11.4M | $-35.1M | ||
| Q2 25 | $44.2M | $-14.8M | ||
| Q1 25 | $4.8M | $137.1M | ||
| Q4 24 | $5.1M | $19.4M | ||
| Q3 24 | $29.6M | $-44.6M | ||
| Q2 24 | $36.3M | $-17.2M | ||
| Q1 24 | $13.3M | $111.5M |
| Q4 25 | 27.9% | 64.7% | ||
| Q3 25 | 31.7% | 64.7% | ||
| Q2 25 | 33.0% | 61.7% | ||
| Q1 25 | 26.9% | 58.8% | ||
| Q4 24 | 25.9% | 60.6% | ||
| Q3 24 | 31.8% | 59.4% | ||
| Q2 24 | 33.6% | 62.9% | ||
| Q1 24 | 30.1% | 61.8% |
| Q4 25 | 0.2% | 18.3% | ||
| Q3 25 | 2.8% | -7.9% | ||
| Q2 25 | 13.3% | 2.1% | ||
| Q1 25 | 1.7% | 27.0% | ||
| Q4 24 | 1.7% | 15.8% | ||
| Q3 24 | 9.3% | -10.8% | ||
| Q2 24 | 11.4% | 3.2% | ||
| Q1 24 | 5.0% | 27.5% |
| Q4 25 | 0.3% | 12.4% | ||
| Q3 25 | 2.8% | -16.6% | ||
| Q2 25 | 9.7% | -5.7% | ||
| Q1 25 | 1.4% | 23.3% | ||
| Q4 24 | 1.4% | 5.2% | ||
| Q3 24 | 6.9% | -21.4% | ||
| Q2 24 | 8.3% | -6.8% | ||
| Q1 24 | 3.7% | 22.4% |
| Q4 25 | $0.05 | $0.69 | ||
| Q3 25 | $0.59 | $-0.55 | ||
| Q2 25 | $2.26 | $-0.23 | ||
| Q1 25 | $0.25 | $2.10 | ||
| Q4 24 | $0.26 | $0.30 | ||
| Q3 24 | $1.52 | $-0.69 | ||
| Q2 24 | $1.87 | $-0.27 | ||
| Q1 24 | $0.69 | $1.72 |
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 | $66.8M | $1.3M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $912.9M | — |
| 总资产 | $1.3B | $2.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $66.8M | $1.3M | ||
| Q3 25 | $105.9M | $405.0K | ||
| Q2 25 | $77.4M | $1.3M | ||
| Q1 25 | $48.5M | $3.9M | ||
| Q4 24 | $73.6M | $4.4M | ||
| Q3 24 | $73.4M | $3.2M | ||
| Q2 24 | $64.0M | $4.9M | ||
| Q1 24 | $43.6M | $4.4M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $912.9M | — | ||
| Q3 25 | $966.7M | — | ||
| Q2 25 | $969.9M | — | ||
| Q1 25 | $935.0M | — | ||
| Q4 24 | $946.8M | — | ||
| Q3 24 | $957.0M | — | ||
| Q2 24 | $937.9M | — | ||
| Q1 24 | $915.7M | — |
| Q4 25 | $1.3B | $2.4B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.4B | $2.3B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.4B | $2.3B | ||
| Q1 24 | $1.3B | $2.3B |
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 | $36.0M | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $17.0M | $-67.5M |
| 自由现金流率自由现金流/营收 | 4.9% | -18.2% |
| 资本支出强度资本支出/营收 | 5.5% | 5.3% |
| 现金转化率经营现金流/净利润 | 40.73× | -1.04× |
| 过去12个月自由现金流最近4个季度 | $83.1M | $61.9M |
8季度趋势，按日历期对齐
| Q4 25 | $36.0M | $-47.7M | ||
| Q3 25 | $66.4M | $41.8M | ||
| Q2 25 | $51.2M | $95.5M | ||
| Q1 25 | $12.3M | $40.1M | ||
| Q4 24 | $35.2M | $8.8M | ||
| Q3 24 | $46.3M | $36.8M | ||
| Q2 24 | $65.0M | $61.4M | ||
| Q1 24 | $12.7M | $75.1M |
| Q4 25 | $17.0M | $-67.5M | ||
| Q3 25 | $44.8M | $27.7M | ||
| Q2 25 | $28.5M | $80.9M | ||
| Q1 25 | $-7.2M | $20.8M | ||
| Q4 24 | $16.1M | $-15.1M | ||
| Q3 24 | $29.1M | $17.7M | ||
| Q2 24 | $45.3M | $46.8M | ||
| Q1 24 | $-4.0M | $60.6M |
| Q4 25 | 4.9% | -18.2% | ||
| Q3 25 | 10.9% | 13.1% | ||
| Q2 25 | 6.3% | 31.1% | ||
| Q1 25 | -2.0% | 3.5% | ||
| Q4 24 | 4.4% | -4.0% | ||
| Q3 24 | 6.8% | 8.5% | ||
| Q2 24 | 10.3% | 18.4% | ||
| Q1 24 | -1.1% | 12.2% |
| Q4 25 | 5.5% | 5.3% | ||
| Q3 25 | 5.3% | 6.7% | ||
| Q2 25 | 5.0% | 5.6% | ||
| Q1 25 | 5.5% | 3.3% | ||
| Q4 24 | 5.3% | 6.4% | ||
| Q3 24 | 4.0% | 9.1% | ||
| Q2 24 | 4.5% | 5.8% | ||
| Q1 24 | 4.6% | 2.9% |
| Q4 25 | 40.73× | -1.04× | ||
| Q3 25 | 5.84× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 2.55× | 0.29× | ||
| Q4 24 | 6.84× | 0.45× | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.79× | — | ||
| Q1 24 | 0.96× | 0.67× |
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
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
