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Masco（MAS）与J.M. Smucker Company (The)（SJM）财务数据对比。点击上方公司名可切换其他公司
J.M. Smucker Company (The)的季度营收约是Masco的1.2倍（$2.3B vs $1.9B），Masco净利率更高（11.9% vs 10.4%，领先1.5%），Masco同比增速更快（6.5% vs 2.6%），过去两年J.M. Smucker Company (The)的营收复合增速更高（2.2% vs -4.2%）
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
MAS vs SJM — 直观对比
营收规模更大
SJM
是对方的1.2倍
$1.9B
营收增速更快
MAS
高出3.9%
2.6%
净利率更高
MAS
高出1.5%
10.4%
两年增速更快
SJM
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.3B |
| 净利润 | $228.0M | $241.3M |
| 毛利率 | 35.8% | 37.3% |
| 营业利润率 | 16.5% | 18.0% |
| 净利率 | 11.9% | 10.4% |
| 营收同比 | 6.5% | 2.6% |
| 净利润同比 | 14.5% | 1084.9% |
| 每股收益（稀释后） | — | $2.26 |
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MASSJM
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $1.8B | $2.2B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $2.1B | $2.2B |
净利润MASSJM
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $241.3M | ||
| Q3 25 | $189.0M | $-43.9M | ||
| Q2 25 | $270.0M | $-729.0M | ||
| Q1 25 | $186.0M | $-662.3M | ||
| Q4 24 | $182.0M | $-24.5M | ||
| Q3 24 | $167.0M | $185.0M | ||
| Q2 24 | $258.0M | $245.1M |
毛利率MASSJM
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | 37.3% | ||
| Q3 25 | 34.2% | 22.5% | ||
| Q2 25 | 37.6% | 38.4% | ||
| Q1 25 | 35.8% | 40.2% | ||
| Q4 24 | 34.8% | 39.0% | ||
| Q3 24 | 36.6% | 37.5% | ||
| Q2 24 | 37.5% | 41.4% |
营业利润率MASSJM
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | 18.0% | ||
| Q3 25 | 15.8% | 2.2% | ||
| Q2 25 | 20.1% | -27.9% | ||
| Q1 25 | 15.9% | -27.2% | ||
| Q4 24 | 15.9% | 7.5% | ||
| Q3 24 | 18.0% | 16.4% | ||
| Q2 24 | 19.0% | 18.4% |
净利率MASSJM
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | 10.4% | ||
| Q3 25 | 9.9% | -2.1% | ||
| Q2 25 | 13.2% | -34.0% | ||
| Q1 25 | 10.3% | -30.3% | ||
| Q4 24 | 10.0% | -1.1% | ||
| Q3 24 | 8.4% | 8.7% | ||
| Q2 24 | 12.3% | 11.1% |
每股收益（稀释后）MASSJM
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $2.26 | ||
| Q3 25 | $0.90 | $-0.41 | ||
| Q2 25 | $1.28 | $-6.86 | ||
| Q1 25 | $0.87 | $-6.22 | ||
| Q4 24 | $0.85 | $-0.23 | ||
| Q3 24 | $0.77 | $1.74 | ||
| Q2 24 | $1.17 | $2.31 |
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 | — | — |
| 总债务越低越好 | $2.9B | $7.0B |
| 股东权益账面价值 | $27.0M | $6.1B |
| 总资产 | $5.2B | $17.6B |
| 负债/权益比越低杠杆越低 | 109.07× | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资MASSJM
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | — | ||
| Q3 25 | $559.0M | — | ||
| Q2 25 | $390.0M | — | ||
| Q1 25 | $377.0M | — | ||
| Q4 24 | $634.0M | — | ||
| Q3 24 | $646.0M | — | ||
| Q2 24 | $398.0M | — |
总债务MASSJM
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $7.0B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | $2.9B | $7.8B | ||
| Q3 24 | — | $7.8B | ||
| Q2 24 | — | $7.8B |
股东权益MASSJM
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $6.1B | ||
| Q3 25 | $-78.0M | $5.9B | ||
| Q2 25 | $-84.0M | $6.1B | ||
| Q1 25 | $-254.0M | $6.9B | ||
| Q4 24 | $-279.0M | $7.6B | ||
| Q3 24 | $-88.0M | $7.8B | ||
| Q2 24 | $-26.0M | $7.7B |
总资产MASSJM
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $17.6B | ||
| Q3 25 | $5.3B | $17.7B | ||
| Q2 25 | $5.3B | $17.6B | ||
| Q1 25 | $5.1B | $18.4B | ||
| Q4 24 | $5.0B | $20.0B | ||
| Q3 24 | $5.3B | $20.3B | ||
| Q2 24 | $5.4B | $20.3B |
负债/权益比MASSJM
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.01× |
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 | — | $346.5M |
| 自由现金流经营现金流 - 资本支出 | — | $280.2M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | 1.8% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | $635.5M |
8季度趋势，按日历期对齐
经营现金流MASSJM
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $346.5M | ||
| Q3 25 | $456.0M | $-10.6M | ||
| Q2 25 | $306.0M | $393.9M | ||
| Q1 25 | $-158.0M | $239.4M | ||
| Q4 24 | $407.0M | $404.2M | ||
| Q3 24 | $416.0M | $172.9M | ||
| Q2 24 | $346.0M | $428.1M |
自由现金流MASSJM
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $280.2M | ||
| Q3 25 | $415.0M | $-94.9M | ||
| Q2 25 | $270.0M | $298.9M | ||
| Q1 25 | $-190.0M | $151.3M | ||
| Q4 24 | $351.0M | $317.2M | ||
| Q3 24 | $378.0M | $49.2M | ||
| Q2 24 | $303.0M | $297.5M |
自由现金流率MASSJM
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 12.0% | ||
| Q3 25 | 21.6% | -4.5% | ||
| Q2 25 | 13.2% | 13.9% | ||
| Q1 25 | -10.5% | 6.9% | ||
| Q4 24 | 19.2% | 14.0% | ||
| Q3 24 | 19.1% | 2.3% | ||
| Q2 24 | 14.5% | 13.5% |
资本支出强度MASSJM
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 2.8% | ||
| Q3 25 | 2.1% | 4.0% | ||
| Q2 25 | 1.8% | 4.4% | ||
| Q1 25 | 1.8% | 4.0% | ||
| Q4 24 | 3.1% | 3.8% | ||
| Q3 24 | 1.9% | 5.8% | ||
| Q2 24 | 2.1% | 5.9% |
现金转化率MASSJM
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 1.44× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | -0.85× | — | ||
| Q4 24 | 2.24× | — | ||
| Q3 24 | 2.49× | 0.93× | ||
| Q2 24 | 1.34× | 1.75× |
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
MAS
暂无分部数据
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
