vs
J&J SNACK FOODS CORP（JJSF）与沃茨水工业（WTS）财务数据对比。点击上方公司名可切换其他公司
沃茨水工业的季度营收约是J&J SNACK FOODS CORP的2.0倍（$677.3M vs $343.8M），沃茨水工业净利率更高（14.7% vs 0.3%，领先14.4%），沃茨水工业同比增速更快（21.4% vs -5.2%），J&J SNACK FOODS CORP自由现金流更多（$17.0M vs $6.6M），过去两年沃茨水工业的营收复合增速更高（6.5% 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。
沃茨水工业旗下AERCO是暖通管道领域的商用冷凝锅炉、高效热水设备及能量回收系统供应商，服务覆盖教育、住宿、政府、办公楼、医疗、工业、多户型住宅等多元市场，1949年推出行业首款半即热式无罐蒸汽热水器，1988年推出首款冷凝全调制设备。
JJSF vs WTS — 直观对比
营收规模更大
WTS
是对方的2.0倍
$343.8M
营收增速更快
WTS
高出26.6%
-5.2%
净利率更高
WTS
高出14.4%
0.3%
自由现金流更多
JJSF
多$10.4M
$6.6M
两年增速更快
WTS
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $343.8M | $677.3M |
| 净利润 | $883.0K | $99.6M |
| 毛利率 | 27.9% | 48.1% |
| 营业利润率 | 0.2% | 19.6% |
| 净利率 | 0.3% | 14.7% |
| 营收同比 | -5.2% | 21.4% |
| 净利润同比 | -82.8% | 34.6% |
| 每股收益（稀释后） | $0.05 | $2.97 |
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JJSFWTS
| Q1 26 | — | $677.3M | ||
| Q4 25 | $343.8M | $625.1M | ||
| Q3 25 | $410.2M | $611.7M | ||
| Q2 25 | $454.3M | $643.7M | ||
| Q1 25 | $356.1M | $558.0M | ||
| Q4 24 | $362.6M | $540.4M | ||
| Q3 24 | $426.8M | $543.6M | ||
| Q2 24 | $440.0M | $597.3M |
净利润JJSFWTS
| Q1 26 | — | $99.6M | ||
| Q4 25 | $883.0K | $83.7M | ||
| Q3 25 | $11.4M | $82.2M | ||
| Q2 25 | $44.2M | $100.9M | ||
| Q1 25 | $4.8M | $74.0M | ||
| Q4 24 | $5.1M | $67.5M | ||
| Q3 24 | $29.6M | $69.1M | ||
| Q2 24 | $36.3M | $82.0M |
毛利率JJSFWTS
| Q1 26 | — | 48.1% | ||
| Q4 25 | 27.9% | 49.5% | ||
| Q3 25 | 31.7% | 48.8% | ||
| Q2 25 | 33.0% | 50.6% | ||
| Q1 25 | 26.9% | 48.8% | ||
| Q4 24 | 25.9% | 46.7% | ||
| Q3 24 | 31.8% | 47.3% | ||
| Q2 24 | 33.6% | 47.7% |
营业利润率JJSFWTS
| Q1 26 | — | 19.6% | ||
| Q4 25 | 0.2% | 18.2% | ||
| Q3 25 | 2.8% | 18.2% | ||
| Q2 25 | 13.3% | 21.0% | ||
| Q1 25 | 1.7% | 15.7% | ||
| Q4 24 | 1.7% | 16.5% | ||
| Q3 24 | 9.3% | 17.1% | ||
| Q2 24 | 11.4% | 18.7% |
净利率JJSFWTS
| Q1 26 | — | 14.7% | ||
| Q4 25 | 0.3% | 13.4% | ||
| Q3 25 | 2.8% | 13.4% | ||
| Q2 25 | 9.7% | 15.7% | ||
| Q1 25 | 1.4% | 13.3% | ||
| Q4 24 | 1.4% | 12.5% | ||
| Q3 24 | 6.9% | 12.7% | ||
| Q2 24 | 8.3% | 13.7% |
每股收益（稀释后）JJSFWTS
| Q1 26 | — | $2.97 | ||
| Q4 25 | $0.05 | $2.50 | ||
| Q3 25 | $0.59 | $2.45 | ||
| Q2 25 | $2.26 | $3.01 | ||
| Q1 25 | $0.25 | $2.21 | ||
| Q4 24 | $0.26 | $2.02 | ||
| Q3 24 | $1.52 | $2.06 | ||
| Q2 24 | $1.87 | $2.44 |
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 | $374.7M |
| 总债务越低越好 | — | $197.8M |
| 股东权益账面价值 | $912.9M | $2.1B |
| 总资产 | $1.3B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资JJSFWTS
| Q1 26 | — | $374.7M | ||
| Q4 25 | $66.8M | $405.5M | ||
| Q3 25 | $105.9M | $457.7M | ||
| Q2 25 | $77.4M | $369.3M | ||
| Q1 25 | $48.5M | $336.8M | ||
| Q4 24 | $73.6M | $386.9M | ||
| Q3 24 | $73.4M | $303.9M | ||
| Q2 24 | $64.0M | $279.4M |
总债务JJSFWTS
| Q1 26 | — | $197.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益JJSFWTS
| Q1 26 | — | $2.1B | ||
| Q4 25 | $912.9M | $2.0B | ||
| Q3 25 | $966.7M | $2.0B | ||
| Q2 25 | $969.9M | $1.9B | ||
| Q1 25 | $935.0M | $1.8B | ||
| Q4 24 | $946.8M | $1.7B | ||
| Q3 24 | $957.0M | $1.7B | ||
| Q2 24 | $937.9M | $1.6B |
总资产JJSFWTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $1.3B | $2.9B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.4B | $2.4B |
负债/权益比JJSFWTS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $17.9M |
| 自由现金流经营现金流 - 资本支出 | $17.0M | $6.6M |
| 自由现金流率自由现金流/营收 | 4.9% | 1.0% |
| 资本支出强度资本支出/营收 | 5.5% | — |
| 现金转化率经营现金流/净利润 | 40.73× | 0.18× |
| 过去12个月自由现金流最近4个季度 | $83.1M | $317.3M |
8季度趋势，按日历期对齐
经营现金流JJSFWTS
| Q1 26 | — | $17.9M | ||
| Q4 25 | $36.0M | $154.7M | ||
| Q3 25 | $66.4M | $122.4M | ||
| Q2 25 | $51.2M | $69.7M | ||
| Q1 25 | $12.3M | $55.2M | ||
| Q4 24 | $35.2M | $139.5M | ||
| Q3 24 | $46.3M | $90.7M | ||
| Q2 24 | $65.0M | $85.3M |
自由现金流JJSFWTS
| Q1 26 | — | $6.6M | ||
| Q4 25 | $17.0M | $140.3M | ||
| Q3 25 | $44.8M | $110.9M | ||
| Q2 25 | $28.5M | $59.5M | ||
| Q1 25 | $-7.2M | $45.6M | ||
| Q4 24 | $16.1M | $127.5M | ||
| Q3 24 | $29.1M | $84.3M | ||
| Q2 24 | $45.3M | $78.5M |
自由现金流率JJSFWTS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 4.9% | 22.4% | ||
| Q3 25 | 10.9% | 18.1% | ||
| Q2 25 | 6.3% | 9.2% | ||
| Q1 25 | -2.0% | 8.2% | ||
| Q4 24 | 4.4% | 23.6% | ||
| Q3 24 | 6.8% | 15.5% | ||
| Q2 24 | 10.3% | 13.1% |
资本支出强度JJSFWTS
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 2.3% | ||
| Q3 25 | 5.3% | 1.9% | ||
| Q2 25 | 5.0% | 1.6% | ||
| Q1 25 | 5.5% | 1.7% | ||
| Q4 24 | 5.3% | 2.2% | ||
| Q3 24 | 4.0% | 1.2% | ||
| Q2 24 | 4.5% | 1.1% |
现金转化率JJSFWTS
| Q1 26 | — | 0.18× | ||
| Q4 25 | 40.73× | 1.85× | ||
| Q3 25 | 5.84× | 1.49× | ||
| Q2 25 | 1.16× | 0.69× | ||
| Q1 25 | 2.55× | 0.75× | ||
| Q4 24 | 6.84× | 2.07× | ||
| Q3 24 | 1.56× | 1.31× | ||
| Q2 24 | 1.79× | 1.04× |
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% |
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
