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林德（LIN）与PILGRIMS PRIDE CORP（PPC）财务数据对比。点击上方公司名可切换其他公司
林德的季度营收约是PILGRIMS PRIDE CORP的1.9倍（$8.8B vs $4.5B），林德净利率更高（17.5% vs 1.9%，领先15.5%），林德同比增速更快（5.8% vs 3.3%），林德自由现金流更多（$1.6B vs $10.0M），过去两年林德的营收复合增速更高（4.0% vs 1.8%）
林德是全球知名跨国化工企业，按市场份额及营收计为全球最大工业气体供应商。公司1879年由德国科学家、工程师卡尔·冯·林德在德国威斯巴登创立，现总部位于英国沃金，在爱尔兰注册，2018年由原林德股份公司与1907年在美国成立的普莱克斯合并组建。
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
LIN vs PPC — 直观对比
营收规模更大
LIN
是对方的1.9倍
$4.5B
营收增速更快
LIN
高出2.5%
3.3%
净利率更高
LIN
高出15.5%
1.9%
自由现金流更多
LIN
多$1.6B
$10.0M
两年增速更快
LIN
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $4.5B |
| 净利润 | $1.5B | $88.0M |
| 毛利率 | — | 9.5% |
| 营业利润率 | 23.0% | 4.5% |
| 净利率 | 17.5% | 1.9% |
| 营收同比 | 5.8% | 3.3% |
| 净利润同比 | -11.3% | -62.7% |
| 每股收益（稀释后） | $3.28 | $0.37 |
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LINPPC
| Q4 25 | $8.8B | $4.5B | ||
| Q3 25 | $8.6B | $4.8B | ||
| Q2 25 | $8.5B | $4.8B | ||
| Q1 25 | $8.1B | $4.5B | ||
| Q4 24 | $8.3B | $4.4B | ||
| Q3 24 | $8.4B | $4.6B | ||
| Q2 24 | $8.3B | $4.6B | ||
| Q1 24 | $8.1B | $4.4B |
净利润LINPPC
| Q4 25 | $1.5B | $88.0M | ||
| Q3 25 | $1.9B | $342.8M | ||
| Q2 25 | $1.8B | $355.5M | ||
| Q1 25 | $1.7B | $296.0M | ||
| Q4 24 | $1.7B | $235.9M | ||
| Q3 24 | $1.6B | $349.9M | ||
| Q2 24 | $1.7B | $326.3M | ||
| Q1 24 | $1.6B | $174.4M |
毛利率LINPPC
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | — | 8.8% |
营业利润率LINPPC
| Q4 25 | 23.0% | 4.5% | ||
| Q3 25 | 27.5% | 10.4% | ||
| Q2 25 | 27.7% | 10.8% | ||
| Q1 25 | 26.9% | 9.1% | ||
| Q4 24 | 27.4% | 7.0% | ||
| Q3 24 | 25.0% | 11.1% | ||
| Q2 24 | 26.4% | 9.7% | ||
| Q1 24 | 25.9% | 5.7% |
净利率LINPPC
| Q4 25 | 17.5% | 1.9% | ||
| Q3 25 | 22.4% | 7.2% | ||
| Q2 25 | 20.8% | 7.5% | ||
| Q1 25 | 20.6% | 6.6% | ||
| Q4 24 | 20.8% | 5.4% | ||
| Q3 24 | 18.5% | 7.6% | ||
| Q2 24 | 20.1% | 7.2% | ||
| Q1 24 | 20.1% | 4.0% |
每股收益（稀释后）LINPPC
| Q4 25 | $3.28 | $0.37 | ||
| Q3 25 | $4.09 | $1.44 | ||
| Q2 25 | $3.73 | $1.49 | ||
| Q1 25 | $3.51 | $1.24 | ||
| Q4 24 | $3.61 | $1.00 | ||
| Q3 24 | $3.22 | $1.47 | ||
| Q2 24 | $3.44 | $1.37 | ||
| Q1 24 | $3.35 | $0.73 |
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 | $5.1B | $640.2M |
| 总债务越低越好 | $20.7B | $3.1B |
| 股东权益账面价值 | $38.2B | $3.7B |
| 总资产 | $86.8B | $10.3B |
| 负债/权益比越低杠杆越低 | 0.54× | 0.84× |
8季度趋势，按日历期对齐
现金及短期投资LINPPC
| Q4 25 | $5.1B | $640.2M | ||
| Q3 25 | $4.5B | $612.6M | ||
| Q2 25 | $4.8B | $849.0M | ||
| Q1 25 | $5.3B | $2.1B | ||
| Q4 24 | $4.8B | $2.0B | ||
| Q3 24 | $5.2B | $1.9B | ||
| Q2 24 | $4.6B | $1.3B | ||
| Q1 24 | $4.8B | $870.8M |
总债务LINPPC
| Q4 25 | $20.7B | $3.1B | ||
| Q3 25 | $18.6B | $3.1B | ||
| Q2 25 | $19.7B | $3.1B | ||
| Q1 25 | $17.6B | $3.2B | ||
| Q4 24 | $15.3B | $3.2B | ||
| Q3 24 | $17.5B | $3.2B | ||
| Q2 24 | $16.9B | $3.2B | ||
| Q1 24 | $15.2B | $3.3B |
股东权益LINPPC
| Q4 25 | $38.2B | $3.7B | ||
| Q3 25 | $38.6B | $3.5B | ||
| Q2 25 | $38.5B | $3.7B | ||
| Q1 25 | $38.0B | $3.1B | ||
| Q4 24 | $38.1B | $4.2B | ||
| Q3 24 | $39.2B | $4.2B | ||
| Q2 24 | $38.2B | $3.7B | ||
| Q1 24 | $38.8B | $3.5B |
总资产LINPPC
| Q4 25 | $86.8B | $10.3B | ||
| Q3 25 | $86.0B | $10.0B | ||
| Q2 25 | $86.1B | $10.1B | ||
| Q1 25 | $82.7B | $11.0B | ||
| Q4 24 | $80.1B | $10.7B | ||
| Q3 24 | $82.5B | $10.7B | ||
| Q2 24 | $80.2B | $10.1B | ||
| Q1 24 | $80.3B | $9.8B |
负债/权益比LINPPC
| Q4 25 | 0.54× | 0.84× | ||
| Q3 25 | 0.48× | 0.87× | ||
| Q2 25 | 0.51× | 0.83× | ||
| Q1 25 | 0.46× | 1.02× | ||
| Q4 24 | 0.40× | 0.76× | ||
| Q3 24 | 0.45× | 0.76× | ||
| Q2 24 | 0.44× | 0.85× | ||
| Q1 24 | 0.39× | 0.96× |
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 | $3.0B | $291.2M |
| 自由现金流经营现金流 - 资本支出 | $1.6B | $10.0M |
| 自由现金流率自由现金流/营收 | 17.9% | 0.2% |
| 资本支出强度资本支出/营收 | 16.6% | 6.2% |
| 现金转化率经营现金流/净利润 | 1.98× | 3.31× |
| 过去12个月自由现金流最近4个季度 | $5.1B | $653.1M |
8季度趋势，按日历期对齐
经营现金流LINPPC
| Q4 25 | $3.0B | $291.2M | ||
| Q3 25 | $2.9B | $458.3M | ||
| Q2 25 | $2.2B | $495.2M | ||
| Q1 25 | $2.2B | $126.9M | ||
| Q4 24 | $2.8B | $349.3M | ||
| Q3 24 | $2.7B | $651.1M | ||
| Q2 24 | $1.9B | $718.6M | ||
| Q1 24 | $2.0B | $271.0M |
自由现金流LINPPC
| Q4 25 | $1.6B | $10.0M | ||
| Q3 25 | $1.7B | $275.9M | ||
| Q2 25 | $954.0M | $339.1M | ||
| Q1 25 | $891.0M | $28.1M | ||
| Q4 24 | $1.6B | $176.6M | ||
| Q3 24 | $1.7B | $565.3M | ||
| Q2 24 | $796.0M | $617.7M | ||
| Q1 24 | $906.0M | $171.9M |
自由现金流率LINPPC
| Q4 25 | 17.9% | 0.2% | ||
| Q3 25 | 19.4% | 5.8% | ||
| Q2 25 | 11.2% | 7.1% | ||
| Q1 25 | 11.0% | 0.6% | ||
| Q4 24 | 18.8% | 4.0% | ||
| Q3 24 | 19.9% | 12.3% | ||
| Q2 24 | 9.6% | 13.5% | ||
| Q1 24 | 11.2% | 3.9% |
资本支出强度LINPPC
| Q4 25 | 16.6% | 6.2% | ||
| Q3 25 | 14.8% | 3.8% | ||
| Q2 25 | 14.8% | 3.3% | ||
| Q1 25 | 15.7% | 2.2% | ||
| Q4 24 | 15.1% | 4.0% | ||
| Q3 24 | 12.8% | 1.9% | ||
| Q2 24 | 13.7% | 2.2% | ||
| Q1 24 | 12.9% | 2.3% |
现金转化率LINPPC
| Q4 25 | 1.98× | 3.31× | ||
| Q3 25 | 1.53× | 1.34× | ||
| Q2 25 | 1.25× | 1.39× | ||
| Q1 25 | 1.29× | 0.43× | ||
| Q4 24 | 1.63× | 1.48× | ||
| Q3 24 | 1.76× | 1.86× | ||
| Q2 24 | 1.16× | 2.20× | ||
| Q1 24 | 1.20× | 1.55× |
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
LIN
| Other | $4.9B | 56% |
| Packaged Gas | $1.6B | 19% |
| Merchant | $1.2B | 14% |
| On Site | $950.0M | 11% |
| Other Distribution Methods | $64.0M | 1% |
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
