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J&J SNACK FOODS CORP（JJSF）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
J&J SNACK FOODS CORP的季度营收约是Upstart Holdings, Inc.的1.2倍（$343.8M vs $296.1M），Upstart Holdings, Inc.净利率更高（6.3% vs 0.3%，领先6.0%），Upstart Holdings, Inc.同比增速更快（35.2% vs -5.2%），Upstart Holdings, Inc.自由现金流更多（$108.4M vs $17.0M），过去两年Upstart Holdings, Inc.的营收复合增速更高（52.2% vs -2.2%）
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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
JJSF vs UPST — 直观对比
营收规模更大
JJSF
是对方的1.2倍
$296.1M
营收增速更快
UPST
高出40.4%
-5.2%
净利率更高
UPST
高出6.0%
0.3%
自由现金流更多
UPST
多$91.4M
$17.0M
两年增速更快
UPST
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $343.8M | $296.1M |
| 净利润 | $883.0K | $18.6M |
| 毛利率 | 27.9% | — |
| 营业利润率 | 0.2% | 6.4% |
| 净利率 | 0.3% | 6.3% |
| 营收同比 | -5.2% | 35.2% |
| 净利润同比 | -82.8% | 776.4% |
| 每股收益（稀释后） | $0.05 | $0.20 |
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JJSFUPST
| Q4 25 | $343.8M | $296.1M | ||
| Q3 25 | $410.2M | $277.1M | ||
| Q2 25 | $454.3M | $257.3M | ||
| Q1 25 | $356.1M | $213.4M | ||
| Q4 24 | $362.6M | $219.0M | ||
| Q3 24 | $426.8M | $162.1M | ||
| Q2 24 | $440.0M | $127.6M | ||
| Q1 24 | $359.7M | $127.8M |
净利润JJSFUPST
| Q4 25 | $883.0K | $18.6M | ||
| Q3 25 | $11.4M | $31.8M | ||
| Q2 25 | $44.2M | $5.6M | ||
| Q1 25 | $4.8M | $-2.4M | ||
| Q4 24 | $5.1M | $-2.8M | ||
| Q3 24 | $29.6M | $-6.8M | ||
| Q2 24 | $36.3M | $-54.5M | ||
| Q1 24 | $13.3M | $-64.6M |
毛利率JJSFUPST
| Q4 25 | 27.9% | — | ||
| Q3 25 | 31.7% | — | ||
| Q2 25 | 33.0% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 25.9% | — | ||
| Q3 24 | 31.8% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 30.1% | — |
营业利润率JJSFUPST
| Q4 25 | 0.2% | 6.4% | ||
| Q3 25 | 2.8% | 8.5% | ||
| Q2 25 | 13.3% | 1.8% | ||
| Q1 25 | 1.7% | -2.1% | ||
| Q4 24 | 1.7% | -2.2% | ||
| Q3 24 | 9.3% | -27.8% | ||
| Q2 24 | 11.4% | -43.5% | ||
| Q1 24 | 5.0% | -52.8% |
净利率JJSFUPST
| Q4 25 | 0.3% | 6.3% | ||
| Q3 25 | 2.8% | 11.5% | ||
| Q2 25 | 9.7% | 2.2% | ||
| Q1 25 | 1.4% | -1.1% | ||
| Q4 24 | 1.4% | -1.3% | ||
| Q3 24 | 6.9% | -4.2% | ||
| Q2 24 | 8.3% | -42.7% | ||
| Q1 24 | 3.7% | -50.5% |
每股收益（稀释后）JJSFUPST
| Q4 25 | $0.05 | $0.20 | ||
| Q3 25 | $0.59 | $0.23 | ||
| Q2 25 | $2.26 | $0.05 | ||
| Q1 25 | $0.25 | $-0.03 | ||
| Q4 24 | $0.26 | $-0.01 | ||
| Q3 24 | $1.52 | $-0.07 | ||
| Q2 24 | $1.87 | $-0.62 | ||
| Q1 24 | $0.69 | $-0.74 |
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 | $652.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $912.9M | $798.8M |
| 总资产 | $1.3B | $3.0B |
| 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JJSFUPST
| Q4 25 | $66.8M | $652.4M | ||
| Q3 25 | $105.9M | $489.8M | ||
| Q2 25 | $77.4M | $395.9M | ||
| Q1 25 | $48.5M | $599.8M | ||
| Q4 24 | $73.6M | $788.4M | ||
| Q3 24 | $73.4M | — | ||
| Q2 24 | $64.0M | — | ||
| Q1 24 | $43.6M | — |
股东权益JJSFUPST
| Q4 25 | $912.9M | $798.8M | ||
| Q3 25 | $966.7M | $743.7M | ||
| Q2 25 | $969.9M | $722.0M | ||
| Q1 25 | $935.0M | $676.6M | ||
| Q4 24 | $946.8M | $633.2M | ||
| Q3 24 | $957.0M | $595.5M | ||
| Q2 24 | $937.9M | $594.7M | ||
| Q1 24 | $915.7M | $612.8M |
总资产JJSFUPST
| Q4 25 | $1.3B | $3.0B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.4B | $2.5B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.4B | $1.8B | ||
| Q1 24 | $1.3B | $1.9B |
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 | $108.6M |
| 自由现金流经营现金流 - 资本支出 | $17.0M | $108.4M |
| 自由现金流率自由现金流/营收 | 4.9% | 36.6% |
| 资本支出强度资本支出/营收 | 5.5% | 0.1% |
| 现金转化率经营现金流/净利润 | 40.73× | 5.82× |
| 过去12个月自由现金流最近4个季度 | $83.1M | — |
8季度趋势，按日历期对齐
经营现金流JJSFUPST
| Q4 25 | $36.0M | $108.6M | ||
| Q3 25 | $66.4M | $-122.6M | ||
| Q2 25 | $51.2M | $-120.2M | ||
| Q1 25 | $12.3M | $-13.5M | ||
| Q4 24 | $35.2M | $-110.9M | ||
| Q3 24 | $46.3M | $179.3M | ||
| Q2 24 | $65.0M | $65.3M | ||
| Q1 24 | $12.7M | $52.6M |
自由现金流JJSFUPST
| Q4 25 | $17.0M | $108.4M | ||
| Q3 25 | $44.8M | $-122.7M | ||
| Q2 25 | $28.5M | $-120.3M | ||
| Q1 25 | $-7.2M | — | ||
| Q4 24 | $16.1M | — | ||
| Q3 24 | $29.1M | $179.2M | ||
| Q2 24 | $45.3M | $65.3M | ||
| Q1 24 | $-4.0M | $51.9M |
自由现金流率JJSFUPST
| Q4 25 | 4.9% | 36.6% | ||
| Q3 25 | 10.9% | -44.3% | ||
| Q2 25 | 6.3% | -46.7% | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 6.8% | 110.5% | ||
| Q2 24 | 10.3% | 51.1% | ||
| Q1 24 | -1.1% | 40.6% |
资本支出强度JJSFUPST
| Q4 25 | 5.5% | 0.1% | ||
| Q3 25 | 5.3% | 0.0% | ||
| Q2 25 | 5.0% | 0.0% | ||
| Q1 25 | 5.5% | 0.0% | ||
| Q4 24 | 5.3% | 0.0% | ||
| Q3 24 | 4.0% | 0.1% | ||
| Q2 24 | 4.5% | 0.0% | ||
| Q1 24 | 4.6% | 0.5% |
现金转化率JJSFUPST
| Q4 25 | 40.73× | 5.82× | ||
| Q3 25 | 5.84× | -3.86× | ||
| Q2 25 | 1.16× | -21.43× | ||
| Q1 25 | 2.55× | — | ||
| Q4 24 | 6.84× | — | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.79× | — | ||
| Q1 24 | 0.96× | — |
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% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
