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奥驰亚（MO）与MARZETTI CO（MZTI）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MARZETTI CO的11.3倍（$5.8B vs $518.0M）。奥驰亚净利率更高（19.1% vs 11.4%，领先7.7%）。MARZETTI CO同比增速更快（1.7% vs -2.1%）。奥驰亚自由现金流更多（$3.2B vs $70.9M）。过去两年MARZETTI CO的营收复合增速更高（4.8% vs 2.4%）
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。
T.马泽蒂公司是兰开斯特殖民地集团旗下的特色食品事业部，生产沙拉酱、果蔬蘸酱、冷冻烘焙食品及多款特色品牌产品，是俄亥俄州中部规模最大的食品饮料企业之一，总部位于俄亥俄州韦斯特维尔，由特蕾莎·马泽蒂创立。
MO vs MZTI — 直观对比
营收规模更大
MO
是对方的11.3倍
$518.0M
营收增速更快
MZTI
高出3.8%
-2.1%
净利率更高
MO
高出7.7%
11.4%
自由现金流更多
MO
多$3.1B
$70.9M
两年增速更快
MZTI
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.8B | $518.0M |
| 净利润 | $1.1B | $59.1M |
| 毛利率 | 62.1% | 26.5% |
| 营业利润率 | 28.2% | 14.5% |
| 净利率 | 19.1% | 11.4% |
| 营收同比 | -2.1% | 1.7% |
| 净利润同比 | -63.2% | 20.6% |
| 每股收益（稀释后） | $0.67 | $2.15 |
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MOMZTI
| Q4 25 | $5.8B | $518.0M | ||
| Q3 25 | $6.1B | $493.5M | ||
| Q2 25 | $6.1B | $475.4M | ||
| Q1 25 | $5.3B | $457.8M | ||
| Q4 24 | $6.0B | $509.3M | ||
| Q3 24 | $6.3B | $466.6M | ||
| Q2 24 | $6.2B | $452.8M | ||
| Q1 24 | $5.6B | $471.4M |
净利润MOMZTI
| Q4 25 | $1.1B | $59.1M | ||
| Q3 25 | $2.4B | $47.2M | ||
| Q2 25 | $2.4B | $32.5M | ||
| Q1 25 | $1.1B | $41.1M | ||
| Q4 24 | $3.0B | $49.0M | ||
| Q3 24 | $2.3B | $44.7M | ||
| Q2 24 | $3.8B | $34.8M | ||
| Q1 24 | $2.1B | $28.4M |
毛利率MOMZTI
| Q4 25 | 62.1% | 26.5% | ||
| Q3 25 | 62.8% | 24.1% | ||
| Q2 25 | 63.1% | 22.3% | ||
| Q1 25 | 61.8% | 23.1% | ||
| Q4 24 | 60.3% | 26.1% | ||
| Q3 24 | 60.8% | 23.8% | ||
| Q2 24 | 59.2% | 21.6% | ||
| Q1 24 | 58.8% | 22.2% |
营业利润率MOMZTI
| Q4 25 | 28.2% | 14.5% | ||
| Q3 25 | 53.2% | 12.0% | ||
| Q2 25 | 52.9% | 8.2% | ||
| Q1 25 | 34.0% | 10.9% | ||
| Q4 24 | 48.2% | 14.9% | ||
| Q3 24 | 50.4% | 12.0% | ||
| Q2 24 | 40.8% | 9.2% | ||
| Q1 24 | 48.0% | 7.5% |
净利率MOMZTI
| Q4 25 | 19.1% | 11.4% | ||
| Q3 25 | 39.1% | 9.6% | ||
| Q2 25 | 39.0% | 6.8% | ||
| Q1 25 | 20.5% | 9.0% | ||
| Q4 24 | 50.9% | 9.6% | ||
| Q3 24 | 36.6% | 9.6% | ||
| Q2 24 | 61.2% | 7.7% | ||
| Q1 24 | 38.2% | 6.0% |
每股收益（稀释后）MOMZTI
| Q4 25 | $0.67 | $2.15 | ||
| Q3 25 | $1.41 | $1.71 | ||
| Q2 25 | $1.41 | $1.18 | ||
| Q1 25 | $0.63 | $1.49 | ||
| Q4 24 | $1.78 | $1.78 | ||
| Q3 24 | $1.34 | $1.62 | ||
| Q2 24 | $2.21 | $1.27 | ||
| Q1 24 | $1.21 | $1.03 |
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 | $4.5B | $201.6M |
| 总债务越低越好 | $25.7B | — |
| 股东权益账面价值 | $-3.5B | $1.0B |
| 总资产 | $35.0B | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MOMZTI
| Q4 25 | $4.5B | $201.6M | ||
| Q3 25 | $3.5B | $182.2M | ||
| Q2 25 | $1.3B | $161.5M | ||
| Q1 25 | $4.7B | $124.6M | ||
| Q4 24 | $3.1B | $203.1M | ||
| Q3 24 | $1.9B | $135.1M | ||
| Q2 24 | $1.8B | $163.4M | ||
| Q1 24 | $3.6B | $164.8M |
总债务MOMZTI
| Q4 25 | $25.7B | — | ||
| Q3 25 | $25.7B | — | ||
| Q2 25 | $24.7B | — | ||
| Q1 25 | $26.1B | — | ||
| Q4 24 | $24.9B | — | ||
| Q3 24 | $25.2B | — | ||
| Q2 24 | $25.0B | — | ||
| Q1 24 | $25.0B | — |
股东权益MOMZTI
| Q4 25 | $-3.5B | $1.0B | ||
| Q3 25 | $-2.6B | $1.0B | ||
| Q2 25 | $-3.3B | $998.5M | ||
| Q1 25 | $-3.5B | $996.2M | ||
| Q4 24 | $-2.2B | $979.9M | ||
| Q3 24 | $-3.5B | $945.1M | ||
| Q2 24 | $-3.0B | $925.8M | ||
| Q1 24 | $-5.1B | $912.9M |
总资产MOMZTI
| Q4 25 | $35.0B | $1.3B | ||
| Q3 25 | $35.0B | $1.3B | ||
| Q2 25 | $32.3B | $1.3B | ||
| Q1 25 | $35.8B | $1.3B | ||
| Q4 24 | $35.2B | $1.2B | ||
| Q3 24 | $34.2B | $1.2B | ||
| Q2 24 | $34.4B | $1.2B | ||
| Q1 24 | $36.5B | $1.2B |
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 | $3.3B | $88.6M |
| 自由现金流经营现金流 - 资本支出 | $3.2B | $70.9M |
| 自由现金流率自由现金流/营收 | 54.4% | 13.7% |
| 资本支出强度资本支出/营收 | 1.6% | 3.4% |
| 现金转化率经营现金流/净利润 | 2.93× | 1.50× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $229.5M |
8季度趋势，按日历期对齐
经营现金流MOMZTI
| Q4 25 | $3.3B | $88.6M | ||
| Q3 25 | $3.1B | $69.5M | ||
| Q2 25 | $205.0M | $88.2M | ||
| Q1 25 | $2.7B | $45.8M | ||
| Q4 24 | $3.3B | $107.6M | ||
| Q3 24 | $2.6B | $19.9M | ||
| Q2 24 | $-75.0M | $34.1M | ||
| Q1 24 | $2.9B | $75.9M |
自由现金流MOMZTI
| Q4 25 | $3.2B | $70.9M | ||
| Q3 25 | $3.0B | $53.9M | ||
| Q2 25 | $173.0M | $73.9M | ||
| Q1 25 | $2.7B | $30.8M | ||
| Q4 24 | $3.3B | $96.6M | ||
| Q3 24 | $2.6B | $2.3M | ||
| Q2 24 | $-104.0M | $18.5M | ||
| Q1 24 | $2.8B | $61.1M |
自由现金流率MOMZTI
| Q4 25 | 54.4% | 13.7% | ||
| Q3 25 | 50.1% | 10.9% | ||
| Q2 25 | 2.8% | 15.5% | ||
| Q1 25 | 51.0% | 6.7% | ||
| Q4 24 | 55.1% | 19.0% | ||
| Q3 24 | 41.2% | 0.5% | ||
| Q2 24 | -1.7% | 4.1% | ||
| Q1 24 | 51.0% | 13.0% |
资本支出强度MOMZTI
| Q4 25 | 1.6% | 3.4% | ||
| Q3 25 | 0.9% | 3.2% | ||
| Q2 25 | 0.5% | 3.0% | ||
| Q1 25 | 0.7% | 3.3% | ||
| Q4 24 | 0.8% | 2.2% | ||
| Q3 24 | 0.5% | 3.8% | ||
| Q2 24 | 0.5% | 3.4% | ||
| Q1 24 | 0.6% | 3.2% |
现金转化率MOMZTI
| Q4 25 | 2.93× | 1.50× | ||
| Q3 25 | 1.30× | 1.47× | ||
| Q2 25 | 0.09× | 2.71× | ||
| Q1 25 | 2.53× | 1.11× | ||
| Q4 24 | 1.10× | 2.20× | ||
| Q3 24 | 1.14× | 0.45× | ||
| Q2 24 | -0.02× | 0.98× | ||
| Q1 24 | 1.35× | 2.68× |
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
MO
| Smokeable Products Segment | $5.1B | 88% |
| Oral Tobacco Segment | $706.0M | 12% |
MZTI
| National Accounts | $177.4M | 34% |
| Dressings And Sauces | $169.5M | 33% |
| Frozen Breads And Other | $62.7M | 12% |
| Branded And Other | $54.8M | 11% |
| Refrigerated Dressings Dips And Other | $46.2M | 9% |
| Other Dressings And Sauces For TSA | $8.2M | 2% |
