vs
味好美（MKC）与奥驰亚（MO）财务数据对比。点击上方公司名可切换其他公司
奥驰亚的季度营收约是味好美的3.2倍（$5.8B vs $1.9B）。奥驰亚净利率更高（19.1% vs 12.2%，领先6.9%）。味好美同比增速更快（2.9% vs -2.1%）。过去两年味好美的营收复合增速更高（7.5% vs 2.4%）
味好美是美国知名食品企业，专业生产、营销并配送香辛料、复合调味料、调味酱及各类风味产品，客户覆盖零售终端、食品生产商及餐饮服务企业，是全球领先的风味产品供应商。
奥驰亚集团是美国头部烟草企业，通过旗下子公司生产销售可燃烟草与口服类烟草相关产品，核心品牌包括万宝路香烟、Black & Mild雪茄及烟斗烟、哥本哈根、斯库尔等湿无烟烟草，以及on!口服尼古丁袋，产品主要供应批发商、分销商及大型零售客户。
MKC vs MO — 直观对比
营收规模更大
MO
是对方的3.2倍
$1.9B
营收增速更快
MKC
高出5.1%
-2.1%
净利率更高
MO
高出6.9%
12.2%
两年增速更快
MKC
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $5.8B |
| 净利润 | $226.6M | $1.1B |
| 毛利率 | 38.9% | 62.1% |
| 营业利润率 | 16.8% | 28.2% |
| 净利率 | 12.2% | 19.1% |
| 营收同比 | 2.9% | -2.1% |
| 净利润同比 | 5.3% | -63.2% |
| 每股收益（稀释后） | $0.84 | $0.67 |
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MKCMO
| Q4 25 | $1.9B | $5.8B | ||
| Q3 25 | $1.7B | $6.1B | ||
| Q2 25 | $1.7B | $6.1B | ||
| Q1 25 | $1.6B | $5.3B | ||
| Q4 24 | $1.8B | $6.0B | ||
| Q3 24 | $1.7B | $6.3B | ||
| Q2 24 | $1.6B | $6.2B | ||
| Q1 24 | $1.6B | $5.6B |
净利润MKCMO
| Q4 25 | $226.6M | $1.1B | ||
| Q3 25 | $225.5M | $2.4B | ||
| Q2 25 | $175.0M | $2.4B | ||
| Q1 25 | $162.3M | $1.1B | ||
| Q4 24 | $215.2M | $3.0B | ||
| Q3 24 | $223.1M | $2.3B | ||
| Q2 24 | $184.2M | $3.8B | ||
| Q1 24 | $166.0M | $2.1B |
毛利率MKCMO
| Q4 25 | 38.9% | 62.1% | ||
| Q3 25 | 37.4% | 62.8% | ||
| Q2 25 | 37.5% | 63.1% | ||
| Q1 25 | 37.6% | 61.8% | ||
| Q4 24 | 40.2% | 60.3% | ||
| Q3 24 | 38.7% | 60.8% | ||
| Q2 24 | 37.7% | 59.2% | ||
| Q1 24 | 37.4% | 58.8% |
营业利润率MKCMO
| Q4 25 | 16.8% | 28.2% | ||
| Q3 25 | 16.7% | 53.2% | ||
| Q2 25 | 14.8% | 52.9% | ||
| Q1 25 | 14.0% | 34.0% | ||
| Q4 24 | 17.0% | 48.2% | ||
| Q3 24 | 17.1% | 50.4% | ||
| Q2 24 | 14.2% | 40.8% | ||
| Q1 24 | 14.6% | 48.0% |
净利率MKCMO
| Q4 25 | 12.2% | 19.1% | ||
| Q3 25 | 13.1% | 39.1% | ||
| Q2 25 | 10.5% | 39.0% | ||
| Q1 25 | 10.1% | 20.5% | ||
| Q4 24 | 12.0% | 50.9% | ||
| Q3 24 | 13.3% | 36.6% | ||
| Q2 24 | 11.2% | 61.2% | ||
| Q1 24 | 10.4% | 38.2% |
每股收益（稀释后）MKCMO
| Q4 25 | $0.84 | $0.67 | ||
| Q3 25 | $0.84 | $1.41 | ||
| Q2 25 | $0.65 | $1.41 | ||
| Q1 25 | $0.60 | $0.63 | ||
| Q4 24 | $0.79 | $1.78 | ||
| Q3 24 | $0.83 | $1.34 | ||
| Q2 24 | $0.68 | $2.21 | ||
| Q1 24 | $0.62 | $1.21 |
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 | $95.9M | $4.5B |
| 总债务越低越好 | $3.6B | $25.7B |
| 股东权益账面价值 | $5.7B | $-3.5B |
| 总资产 | $13.2B | $35.0B |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资MKCMO
| Q4 25 | $95.9M | $4.5B | ||
| Q3 25 | $94.9M | $3.5B | ||
| Q2 25 | $124.1M | $1.3B | ||
| Q1 25 | $102.8M | $4.7B | ||
| Q4 24 | $186.1M | $3.1B | ||
| Q3 24 | $200.8M | $1.9B | ||
| Q2 24 | $166.3M | $1.8B | ||
| Q1 24 | $178.0M | $3.6B |
总债务MKCMO
| Q4 25 | $3.6B | $25.7B | ||
| Q3 25 | $3.9B | $25.7B | ||
| Q2 25 | $3.9B | $24.7B | ||
| Q1 25 | $3.9B | $26.1B | ||
| Q4 24 | $3.9B | $24.9B | ||
| Q3 24 | $3.4B | $25.2B | ||
| Q2 24 | $4.1B | $25.0B | ||
| Q1 24 | $4.1B | $25.0B |
股东权益MKCMO
| Q4 25 | $5.7B | $-3.5B | ||
| Q3 25 | $5.8B | $-2.6B | ||
| Q2 25 | $5.6B | $-3.3B | ||
| Q1 25 | $5.4B | $-3.5B | ||
| Q4 24 | $5.3B | $-2.2B | ||
| Q3 24 | $5.4B | $-3.5B | ||
| Q2 24 | $5.3B | $-3.0B | ||
| Q1 24 | $5.2B | $-5.1B |
总资产MKCMO
| Q4 25 | $13.2B | $35.0B | ||
| Q3 25 | $13.2B | $35.0B | ||
| Q2 25 | $13.2B | $32.3B | ||
| Q1 25 | $12.9B | $35.8B | ||
| Q4 24 | $13.1B | $35.2B | ||
| Q3 24 | $13.2B | $34.2B | ||
| Q2 24 | $13.0B | $34.4B | ||
| Q1 24 | $12.9B | $36.5B |
负债/权益比MKCMO
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.67× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 0.77× | — | ||
| Q1 24 | 0.79× | — |
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 | $542.0M | $3.3B |
| 自由现金流经营现金流 - 资本支出 | — | $3.2B |
| 自由现金流率自由现金流/营收 | — | 54.4% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | 2.39× | 2.93× |
| 过去12个月自由现金流最近4个季度 | — | $9.1B |
8季度趋势，按日历期对齐
经营现金流MKCMO
| Q4 25 | $542.0M | $3.3B | ||
| Q3 25 | $258.8M | $3.1B | ||
| Q2 25 | $45.9M | $205.0M | ||
| Q1 25 | $115.5M | $2.7B | ||
| Q4 24 | $458.7M | $3.3B | ||
| Q3 24 | $161.7M | $2.6B | ||
| Q2 24 | $163.1M | $-75.0M | ||
| Q1 24 | $138.4M | $2.9B |
自由现金流MKCMO
| Q4 25 | — | $3.2B | ||
| Q3 25 | $206.1M | $3.0B | ||
| Q2 25 | $-2.4M | $173.0M | ||
| Q1 25 | $78.4M | $2.7B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $102.7M | $2.6B | ||
| Q2 24 | $94.8M | $-104.0M | ||
| Q1 24 | $76.4M | $2.8B |
自由现金流率MKCMO
| Q4 25 | — | 54.4% | ||
| Q3 25 | 11.9% | 50.1% | ||
| Q2 25 | -0.1% | 2.8% | ||
| Q1 25 | 4.9% | 51.0% | ||
| Q4 24 | — | 55.1% | ||
| Q3 24 | 6.1% | 41.2% | ||
| Q2 24 | 5.8% | -1.7% | ||
| Q1 24 | 4.8% | 51.0% |
资本支出强度MKCMO
| Q4 25 | — | 1.6% | ||
| Q3 25 | 3.1% | 0.9% | ||
| Q2 25 | 2.9% | 0.5% | ||
| Q1 25 | 2.3% | 0.7% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 3.5% | 0.5% | ||
| Q2 24 | 4.2% | 0.5% | ||
| Q1 24 | 3.9% | 0.6% |
现金转化率MKCMO
| Q4 25 | 2.39× | 2.93× | ||
| Q3 25 | 1.15× | 1.30× | ||
| Q2 25 | 0.26× | 0.09× | ||
| Q1 25 | 0.71× | 2.53× | ||
| Q4 24 | 2.13× | 1.10× | ||
| Q3 24 | 0.72× | 1.14× | ||
| Q2 24 | 0.89× | -0.02× | ||
| Q1 24 | 0.83× | 1.35× |
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
MKC
| Consumer | $1.1B | 61% |
| Flavor Solutions | $723.1M | 39% |
MO
| Smokeable Products Segment | $5.1B | 88% |
| Oral Tobacco Segment | $706.0M | 12% |
