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亿滋国际（MDLZ）与泰森食品（TSN）财务数据对比。点击上方公司名可切换其他公司
泰森食品的季度营收约是亿滋国际的1.4倍（$14.3B vs $10.1B），亿滋国际净利率更高（5.6% vs 0.6%，领先5.0%），亿滋国际同比增速更快（8.2% vs 5.1%），泰森食品自由现金流更多（$690.0M vs $155.0M），过去两年亿滋国际的营收复合增速更高（9.9% vs 4.6%）
亿滋国际是总部位于美国芝加哥的跨国休闲食品及饮料巨头，主营糖果、零食等快消品类，业务覆盖全球约160个国家和地区，年营收约265亿美元，2021年位列《财富》美国500强榜单第108名。
泰森食品是总部位于美国阿肯色州斯普林代尔的跨国食品企业，是仅次于JBS的全球第二大鸡肉、牛肉、猪肉加工销售商，同时是美国规模最大的肉类企业，常年位居美国牛肉出口占比首位，旗下运营泰森、Jimmy Dean、Hillshire Farm等多个知名食品品牌。
MDLZ vs TSN — 直观对比
营收规模更大
TSN
是对方的1.4倍
$10.1B
营收增速更快
MDLZ
高出3.2%
5.1%
净利率更高
MDLZ
高出5.0%
0.6%
自由现金流更多
TSN
多$535.0M
$155.0M
两年增速更快
MDLZ
近两年复合增速
4.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.1B | $14.3B |
| 净利润 | $564.0M | $85.0M |
| 毛利率 | 27.8% | 5.6% |
| 营业利润率 | 8.0% | 2.1% |
| 净利率 | 5.6% | 0.6% |
| 营收同比 | 8.2% | 5.1% |
| 净利润同比 | 38.6% | -76.3% |
| 每股收益（稀释后） | $0.44 | $0.24 |
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MDLZTSN
| Q1 26 | $10.1B | — | ||
| Q4 25 | $10.5B | $14.3B | ||
| Q3 25 | $9.7B | $13.9B | ||
| Q2 25 | $9.0B | $13.9B | ||
| Q1 25 | $9.3B | $13.1B | ||
| Q4 24 | $9.6B | $13.6B | ||
| Q3 24 | $9.2B | $13.6B | ||
| Q2 24 | $8.3B | $13.4B |
净利润MDLZTSN
| Q1 26 | $564.0M | — | ||
| Q4 25 | $665.0M | $85.0M | ||
| Q3 25 | $743.0M | $47.0M | ||
| Q2 25 | $641.0M | $61.0M | ||
| Q1 25 | $402.0M | $7.0M | ||
| Q4 24 | $1.7B | $359.0M | ||
| Q3 24 | $853.0M | $357.0M | ||
| Q2 24 | $601.0M | $191.0M |
毛利率MDLZTSN
| Q1 26 | 27.8% | — | ||
| Q4 25 | 28.2% | 5.6% | ||
| Q3 25 | 26.8% | 5.2% | ||
| Q2 25 | 32.7% | 8.2% | ||
| Q1 25 | 26.1% | 4.6% | ||
| Q4 24 | 38.6% | 8.0% | ||
| Q3 24 | 32.6% | 7.8% | ||
| Q2 24 | 33.5% | 6.6% |
营业利润率MDLZTSN
| Q1 26 | 8.0% | — | ||
| Q4 25 | 9.1% | 2.1% | ||
| Q3 25 | 7.6% | 1.1% | ||
| Q2 25 | 13.0% | 1.9% | ||
| Q1 25 | 7.3% | 0.8% | ||
| Q4 24 | 16.8% | 4.3% | ||
| Q3 24 | 12.5% | 3.9% | ||
| Q2 24 | 10.2% | 2.6% |
净利率MDLZTSN
| Q1 26 | 5.6% | — | ||
| Q4 25 | 6.3% | 0.6% | ||
| Q3 25 | 7.6% | 0.3% | ||
| Q2 25 | 7.1% | 0.4% | ||
| Q1 25 | 4.3% | 0.1% | ||
| Q4 24 | 18.2% | 2.6% | ||
| Q3 24 | 9.3% | 2.6% | ||
| Q2 24 | 7.2% | 1.4% |
每股收益（稀释后）MDLZTSN
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.52 | $0.24 | ||
| Q3 25 | $0.57 | $0.13 | ||
| Q2 25 | $0.49 | $0.17 | ||
| Q1 25 | $0.31 | $0.02 | ||
| Q4 24 | $1.30 | $1.01 | ||
| Q3 24 | $0.63 | $1.00 | ||
| Q2 24 | $0.45 | $0.54 |
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 | $1.5B | $1.3B |
| 总债务越低越好 | $18.3B | $7.5B |
| 股东权益账面价值 | $25.8B | $18.0B |
| 总资产 | $71.1B | $36.0B |
| 负债/权益比越低杠杆越低 | 0.71× | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资MDLZTSN
| Q1 26 | $1.5B | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $992.0M | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.6B |
总债务MDLZTSN
| Q1 26 | $18.3B | — | ||
| Q4 25 | $17.2B | $7.5B | ||
| Q3 25 | $17.1B | $7.9B | ||
| Q2 25 | $18.1B | $8.2B | ||
| Q1 25 | $15.8B | $8.2B | ||
| Q4 24 | $15.7B | $9.7B | ||
| Q3 24 | $16.5B | $9.7B | ||
| Q2 24 | $16.1B | $9.7B |
股东权益MDLZTSN
| Q1 26 | $25.8B | — | ||
| Q4 25 | $25.8B | $18.0B | ||
| Q3 25 | $26.2B | $18.1B | ||
| Q2 25 | $26.2B | $18.3B | ||
| Q1 25 | $25.8B | $18.4B | ||
| Q4 24 | $26.9B | $18.5B | ||
| Q3 24 | $27.9B | $18.4B | ||
| Q2 24 | $27.7B | $18.1B |
总资产MDLZTSN
| Q1 26 | $71.1B | — | ||
| Q4 25 | $71.5B | $36.0B | ||
| Q3 25 | $71.4B | $36.7B | ||
| Q2 25 | $71.0B | $36.5B | ||
| Q1 25 | $68.9B | $36.3B | ||
| Q4 24 | $68.5B | $37.3B | ||
| Q3 24 | $72.2B | $37.1B | ||
| Q2 24 | $73.1B | $37.7B |
负债/权益比MDLZTSN
| Q1 26 | 0.71× | — | ||
| Q4 25 | 0.67× | 0.41× | ||
| Q3 25 | 0.65× | 0.44× | ||
| Q2 25 | 0.69× | 0.45× | ||
| Q1 25 | 0.61× | 0.44× | ||
| Q4 24 | 0.58× | 0.52× | ||
| Q3 24 | 0.59× | 0.53× | ||
| Q2 24 | 0.58× | 0.54× |
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 | $467.0M | $942.0M |
| 自由现金流经营现金流 - 资本支出 | $155.0M | $690.0M |
| 自由现金流率自由现金流/营收 | 1.5% | 4.8% |
| 资本支出强度资本支出/营收 | 3.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 0.83× | 11.08× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $1.1B |
8季度趋势，按日历期对齐
经营现金流MDLZTSN
| Q1 26 | $467.0M | — | ||
| Q4 25 | $2.4B | $942.0M | ||
| Q3 25 | $717.0M | $535.0M | ||
| Q2 25 | $308.0M | $774.0M | ||
| Q1 25 | $1.1B | $-185.0M | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.3B | $617.0M | ||
| Q2 24 | $822.0M | $796.0M |
自由现金流MDLZTSN
| Q1 26 | $155.0M | — | ||
| Q4 25 | $2.0B | $690.0M | ||
| Q3 25 | $418.0M | $248.0M | ||
| Q2 25 | $3.0M | $547.0M | ||
| Q1 25 | $815.0M | $-378.0M | ||
| Q4 24 | $1.1B | $760.0M | ||
| Q3 24 | $989.0M | $369.0M | ||
| Q2 24 | $455.0M | $533.0M |
自由现金流率MDLZTSN
| Q1 26 | 1.5% | — | ||
| Q4 25 | 19.0% | 4.8% | ||
| Q3 25 | 4.3% | 1.8% | ||
| Q2 25 | 0.0% | 3.9% | ||
| Q1 25 | 8.8% | -2.9% | ||
| Q4 24 | 11.0% | 5.6% | ||
| Q3 24 | 10.7% | 2.7% | ||
| Q2 24 | 5.5% | 4.0% |
资本支出强度MDLZTSN
| Q1 26 | 3.1% | — | ||
| Q4 25 | 3.8% | 1.8% | ||
| Q3 25 | 3.1% | 2.1% | ||
| Q2 25 | 3.4% | 1.6% | ||
| Q1 25 | 3.0% | 1.5% | ||
| Q4 24 | 4.2% | 2.0% | ||
| Q3 24 | 3.4% | 1.8% | ||
| Q2 24 | 4.4% | 2.0% |
现金转化率MDLZTSN
| Q1 26 | 0.83× | — | ||
| Q4 25 | 3.60× | 11.08× | ||
| Q3 25 | 0.97× | 11.38× | ||
| Q2 25 | 0.48× | 12.69× | ||
| Q1 25 | 2.72× | -26.43× | ||
| Q4 24 | 0.84× | 2.87× | ||
| Q3 24 | 1.53× | 1.73× | ||
| Q2 24 | 1.37× | 4.17× |
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
MDLZ
暂无分部数据
TSN
| Beef | $5.8B | 40% |
| Retail Sales Channel | $2.9B | 20% |
| Pork | $1.6B | 11% |
| Foodservice Sales Channel | $1.6B | 11% |
| Other | $776.0M | 5% |
| Industrialand Other Sales Channel | $575.0M | 4% |
| International Sales Channel | $542.0M | 4% |
| Intersegment Revenues | $534.0M | 4% |
