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梅西百货（M）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
梅西百货的季度营收约是PILGRIMS PRIDE CORP的1.0倍（$4.7B vs $4.5B），PILGRIMS PRIDE CORP净利率更高（2.2% vs 0.2%，领先2.0%），PILGRIMS PRIDE CORP同比增速更快（1.6% vs -0.6%），过去两年PILGRIMS PRIDE CORP的营收复合增速更高（-0.3% vs -23.8%）
梅西百货是美国知名百货控股集团，1929年成立时名为联合百货，最初持有Abraham & Straus、Lazarus等多个区域连锁百货品牌，次年布鲁明戴尔正式加入。集团早年频繁开展资产并购与剥离，1994年收购1858年创立的老牌百货梅西，随后更名并发展为美国头部百货零售企业。
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。
M vs PPC — 直观对比
营收规模更大
M
是对方的1.0倍
$4.5B
营收增速更快
PPC
高出2.2%
-0.6%
净利率更高
PPC
高出2.0%
0.2%
两年增速更快
PPC
近两年复合增速
-23.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $4.5B |
| 净利润 | $11.0M | $101.5M |
| 毛利率 | 39.4% | 7.6% |
| 营业利润率 | 0.9% | 3.6% |
| 净利率 | 0.2% | 2.2% |
| 营收同比 | -0.6% | 1.6% |
| 净利润同比 | -60.7% | — |
| 每股收益（稀释后） | $0.04 | $0.43 |
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MPPC
| Q1 26 | — | $4.5B | ||
| Q4 25 | $4.7B | $4.5B | ||
| Q3 25 | $4.8B | $4.8B | ||
| Q2 25 | $4.6B | $4.8B | ||
| Q1 25 | $7.8B | $4.5B | ||
| Q4 24 | $4.7B | $4.4B | ||
| Q3 24 | $4.9B | $4.6B | ||
| Q2 24 | $4.8B | $4.6B |
净利润MPPC
| Q1 26 | — | $101.5M | ||
| Q4 25 | $11.0M | $88.0M | ||
| Q3 25 | $87.0M | $342.8M | ||
| Q2 25 | $38.0M | $355.5M | ||
| Q1 25 | $342.0M | $296.0M | ||
| Q4 24 | $28.0M | $235.9M | ||
| Q3 24 | $150.0M | $349.9M | ||
| Q2 24 | $62.0M | $326.3M |
毛利率MPPC
| Q1 26 | — | 7.6% | ||
| Q4 25 | 39.4% | 9.5% | ||
| Q3 25 | 39.7% | 13.9% | ||
| Q2 25 | 39.2% | 15.0% | ||
| Q1 25 | 35.7% | 12.4% | ||
| Q4 24 | 39.6% | 12.7% | ||
| Q3 24 | 40.5% | 14.9% | ||
| Q2 24 | 39.2% | 15.2% |
营业利润率MPPC
| Q1 26 | — | 3.6% | ||
| Q4 25 | 0.9% | 4.5% | ||
| Q3 25 | 3.1% | 10.4% | ||
| Q2 25 | 2.0% | 10.8% | ||
| Q1 25 | 6.4% | 9.1% | ||
| Q4 24 | 1.3% | 7.0% | ||
| Q3 24 | 4.5% | 11.1% | ||
| Q2 24 | 2.6% | 9.7% |
净利率MPPC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 0.2% | 1.9% | ||
| Q3 25 | 1.8% | 7.2% | ||
| Q2 25 | 0.8% | 7.5% | ||
| Q1 25 | 4.4% | 6.6% | ||
| Q4 24 | 0.6% | 5.4% | ||
| Q3 24 | 3.0% | 7.6% | ||
| Q2 24 | 1.3% | 7.2% |
每股收益（稀释后）MPPC
| Q1 26 | — | $0.43 | ||
| Q4 25 | $0.04 | $0.37 | ||
| Q3 25 | $0.31 | $1.44 | ||
| Q2 25 | $0.13 | $1.49 | ||
| Q1 25 | $1.22 | $1.24 | ||
| Q4 24 | $0.10 | $1.00 | ||
| Q3 24 | $0.53 | $1.47 | ||
| Q2 24 | $0.22 | $1.37 |
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 | $447.0M | $542.4M |
| 总债务越低越好 | $2.4B | $3.1B |
| 股东权益账面价值 | $4.3B | $3.7B |
| 总资产 | $17.1B | $10.2B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资MPPC
| Q1 26 | — | $542.4M | ||
| Q4 25 | $447.0M | $640.2M | ||
| Q3 25 | $829.0M | $612.6M | ||
| Q2 25 | $932.0M | $849.0M | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $315.0M | $2.0B | ||
| Q3 24 | $646.0M | $1.9B | ||
| Q2 24 | $876.0M | $1.3B |
总债务MPPC
| Q1 26 | — | $3.1B | ||
| Q4 25 | $2.4B | $3.1B | ||
| Q3 25 | $2.4B | $3.1B | ||
| Q2 25 | $2.8B | $3.1B | ||
| Q1 25 | $2.8B | $3.2B | ||
| Q4 24 | $2.8B | $3.2B | ||
| Q3 24 | $3.0B | $3.2B | ||
| Q2 24 | $3.0B | $3.2B |
股东权益MPPC
| Q1 26 | — | $3.7B | ||
| Q4 25 | $4.3B | $3.7B | ||
| Q3 25 | $4.5B | $3.5B | ||
| Q2 25 | $4.5B | $3.7B | ||
| Q1 25 | $4.6B | $3.1B | ||
| Q4 24 | $4.1B | $4.2B | ||
| Q3 24 | $4.3B | $4.2B | ||
| Q2 24 | $4.2B | $3.7B |
总资产MPPC
| Q1 26 | — | $10.2B | ||
| Q4 25 | $17.1B | $10.3B | ||
| Q3 25 | $15.6B | $10.0B | ||
| Q2 25 | $16.1B | $10.1B | ||
| Q1 25 | $16.4B | $11.0B | ||
| Q4 24 | $17.3B | $10.7B | ||
| Q3 24 | $15.8B | $10.7B | ||
| Q2 24 | $16.4B | $10.1B |
负债/权益比MPPC
| Q1 26 | — | 0.83× | ||
| Q4 25 | 0.56× | 0.84× | ||
| Q3 25 | 0.55× | 0.87× | ||
| Q2 25 | 0.62× | 0.83× | ||
| Q1 25 | 0.61× | 1.02× | ||
| Q4 24 | 0.67× | 0.76× | ||
| Q3 24 | 0.70× | 0.76× | ||
| Q2 24 | 0.72× | 0.85× |
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 | $-8.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-101.0M | — |
| 自由现金流率自由现金流/营收 | -2.1% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 现金转化率经营现金流/净利润 | -0.73× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流MPPC
| Q1 26 | — | — | ||
| Q4 25 | $-8.0M | $291.2M | ||
| Q3 25 | $319.0M | $458.3M | ||
| Q2 25 | $-64.0M | $495.2M | ||
| Q1 25 | $1.3B | $126.9M | ||
| Q4 24 | $-167.0M | $349.3M | ||
| Q3 24 | $8.0M | $651.1M | ||
| Q2 24 | $129.0M | $718.6M |
自由现金流MPPC
| Q1 26 | — | — | ||
| Q4 25 | $-101.0M | $10.0M | ||
| Q3 25 | $240.0M | $275.9M | ||
| Q2 25 | $-164.0M | $339.1M | ||
| Q1 25 | $1.2B | $28.1M | ||
| Q4 24 | $-295.0M | $176.6M | ||
| Q3 24 | $-109.0M | $565.3M | ||
| Q2 24 | $-25.0M | $617.7M |
自由现金流率MPPC
| Q1 26 | — | — | ||
| Q4 25 | -2.1% | 0.2% | ||
| Q3 25 | 5.0% | 5.8% | ||
| Q2 25 | -3.6% | 7.1% | ||
| Q1 25 | 15.3% | 0.6% | ||
| Q4 24 | -6.2% | 4.0% | ||
| Q3 24 | -2.2% | 12.3% | ||
| Q2 24 | -0.5% | 13.5% |
资本支出强度MPPC
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 6.2% | ||
| Q3 25 | 1.6% | 3.8% | ||
| Q2 25 | 2.2% | 3.3% | ||
| Q1 25 | 1.5% | 2.2% | ||
| Q4 24 | 2.7% | 4.0% | ||
| Q3 24 | 2.4% | 1.9% | ||
| Q2 24 | 3.2% | 2.2% |
现金转化率MPPC
| Q1 26 | — | — | ||
| Q4 25 | -0.73× | 3.31× | ||
| Q3 25 | 3.67× | 1.34× | ||
| Q2 25 | -1.68× | 1.39× | ||
| Q1 25 | 3.82× | 0.43× | ||
| Q4 24 | -5.96× | 1.48× | ||
| Q3 24 | 0.05× | 1.86× | ||
| Q2 24 | 2.08× | 2.20× |
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
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
PPC
| U.S | $2.6B | 58% |
| Europe | $1.4B | 30% |
| Mexico | $545.5M | 12% |
