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奥驰亚（MO）与REED'S, INC.（REED）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REED'S, INC.的781.6倍（$5.8B vs $7.5M）。奥驰亚净利率更高（19.1% vs -50.5%，领先69.7%）。奥驰亚同比增速更快（-2.1% vs -23.1%）。奥驰亚自由现金流更多（$3.2B vs $-3.9M）。过去两年奥驰亚的营收复合增速更高（2.4% vs -11.7%）
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。
Waddell & Reed Financial, Inc.是一家美国资产管理与财务规划公司，1937年诞生于密苏里州堪萨斯城。1998年至2021年间为上市企业，总部曾短暂设在堪萨斯州欧弗兰帕克，原本计划迁回堪萨斯城市中心，之后公司被出售，旗下拥有艾薇投资管理等多家资管与销售子公司。
MO vs REED — 直观对比
营收规模更大
MO
是对方的781.6倍
$7.5M
营收增速更快
MO
高出21.0%
-23.1%
净利率更高
MO
高出69.7%
-50.5%
自由现金流更多
MO
多$3.2B
$-3.9M
两年增速更快
MO
近两年复合增速
-11.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.8B | $7.5M |
| 净利润 | $1.1B | $-3.8M |
| 毛利率 | 62.1% | 20.4% |
| 营业利润率 | 28.2% | -46.9% |
| 净利率 | 19.1% | -50.5% |
| 营收同比 | -2.1% | -23.1% |
| 净利润同比 | -63.2% | 8.2% |
| 每股收益（稀释后） | $0.67 | $-1.26 |
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MOREED
| Q4 25 | $5.8B | $7.5M | ||
| Q3 25 | $6.1B | $7.0M | ||
| Q2 25 | $6.1B | $9.5M | ||
| Q1 25 | $5.3B | $10.0M | ||
| Q4 24 | $6.0B | $9.7M | ||
| Q3 24 | $6.3B | $6.8M | ||
| Q2 24 | $6.2B | $11.9M | ||
| Q1 24 | $5.6B | $9.6M |
净利润MOREED
| Q4 25 | $1.1B | $-3.8M | ||
| Q3 25 | $2.4B | $-4.0M | ||
| Q2 25 | $2.4B | $-6.0M | ||
| Q1 25 | $1.1B | $-2.0M | ||
| Q4 24 | $3.0B | $-4.1M | ||
| Q3 24 | $2.3B | $-4.2M | ||
| Q2 24 | $3.8B | $-3.2M | ||
| Q1 24 | $2.1B | $-1.7M |
毛利率MOREED
| Q4 25 | 62.1% | 20.4% | ||
| Q3 25 | 62.8% | 17.4% | ||
| Q2 25 | 63.1% | 8.5% | ||
| Q1 25 | 61.8% | 33.9% | ||
| Q4 24 | 60.3% | 30.0% | ||
| Q3 24 | 60.8% | 18.0% | ||
| Q2 24 | 59.2% | 32.3% | ||
| Q1 24 | 58.8% | 35.6% |
营业利润率MOREED
| Q4 25 | 28.2% | -46.9% | ||
| Q3 25 | 53.2% | -58.3% | ||
| Q2 25 | 52.9% | -60.8% | ||
| Q1 25 | 34.0% | -17.4% | ||
| Q4 24 | 48.2% | -37.6% | ||
| Q3 24 | 50.4% | -46.5% | ||
| Q2 24 | 40.8% | -5.6% | ||
| Q1 24 | 48.0% | -6.8% |
净利率MOREED
| Q4 25 | 19.1% | -50.5% | ||
| Q3 25 | 39.1% | -56.6% | ||
| Q2 25 | 39.0% | -63.5% | ||
| Q1 25 | 20.5% | -20.3% | ||
| Q4 24 | 50.9% | -42.3% | ||
| Q3 24 | 36.6% | -61.5% | ||
| Q2 24 | 61.2% | -27.1% | ||
| Q1 24 | 38.2% | -17.4% |
每股收益（稀释后）MOREED
| Q4 25 | $0.67 | $-1.26 | ||
| Q3 25 | $1.41 | $-0.48 | ||
| Q2 25 | $1.41 | $-0.13 | ||
| Q1 25 | $0.63 | $-0.04 | ||
| Q4 24 | $1.78 | $-3.73 | ||
| Q3 24 | $1.34 | $-4.91 | ||
| Q2 24 | $2.21 | $-0.77 | ||
| Q1 24 | $1.21 | $-0.40 |
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 | — |
| 总债务越低越好 | $25.7B | — |
| 股东权益账面价值 | $-3.5B | $9.2M |
| 总资产 | $35.0B | $23.3M |
| 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MOREED
| Q4 25 | $4.5B | — | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $3.6B | — |
总债务MOREED
| 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MOREED
| Q4 25 | $-3.5B | $9.2M | ||
| Q3 25 | $-2.6B | $2.8M | ||
| Q2 25 | $-3.3B | $1.7M | ||
| Q1 25 | $-3.5B | $4.7M | ||
| Q4 24 | $-2.2B | $6.6M | ||
| Q3 24 | $-3.5B | $-22.0M | ||
| Q2 24 | $-3.0B | $-23.8M | ||
| Q1 24 | $-5.1B | $-20.7M |
总资产MOREED
| Q4 25 | $35.0B | $23.3M | ||
| Q3 25 | $35.0B | $19.9M | ||
| Q2 25 | $32.3B | $23.7M | ||
| Q1 25 | $35.8B | $24.5M | ||
| Q4 24 | $35.2B | $25.1M | ||
| Q3 24 | $34.2B | $15.0M | ||
| Q2 24 | $34.4B | $18.7M | ||
| Q1 24 | $36.5B | $19.3M |
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 | $-3.8M |
| 自由现金流经营现金流 - 资本支出 | $3.2B | $-3.9M |
| 自由现金流率自由现金流/营收 | 54.4% | -52.0% |
| 资本支出强度资本支出/营收 | 1.6% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.93× | — |
| 过去12个月自由现金流最近4个季度 | $9.1B | $-17.3M |
8季度趋势，按日历期对齐
经营现金流MOREED
| Q4 25 | $3.3B | $-3.8M | ||
| Q3 25 | $3.1B | $-2.8M | ||
| Q2 25 | $205.0M | $-5.0M | ||
| Q1 25 | $2.7B | $-5.4M | ||
| Q4 24 | $3.3B | $-3.9M | ||
| Q3 24 | $2.6B | $1.1M | ||
| Q2 24 | $-75.0M | $-912.0K | ||
| Q1 24 | $2.9B | $-2.4M |
自由现金流MOREED
| Q4 25 | $3.2B | $-3.9M | ||
| Q3 25 | $3.0B | $-2.9M | ||
| Q2 25 | $173.0M | $-5.1M | ||
| Q1 25 | $2.7B | $-5.4M | ||
| Q4 24 | $3.3B | $-4.0M | ||
| Q3 24 | $2.6B | $1.0M | ||
| Q2 24 | $-104.0M | $-924.0K | ||
| Q1 24 | $2.8B | $-2.4M |
自由现金流率MOREED
| Q4 25 | 54.4% | -52.0% | ||
| Q3 25 | 50.1% | -41.5% | ||
| Q2 25 | 2.8% | -53.2% | ||
| Q1 25 | 51.0% | -54.2% | ||
| Q4 24 | 55.1% | -40.8% | ||
| Q3 24 | 41.2% | 15.3% | ||
| Q2 24 | -1.7% | -7.8% | ||
| Q1 24 | 51.0% | -25.1% |
资本支出强度MOREED
| Q4 25 | 1.6% | 1.1% | ||
| Q3 25 | 0.9% | 1.4% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.7% | 0.7% | ||
| Q4 24 | 0.8% | 1.0% | ||
| Q3 24 | 0.5% | 0.3% | ||
| Q2 24 | 0.5% | 0.1% | ||
| Q1 24 | 0.6% | 0.2% |
现金转化率MOREED
| Q4 25 | 2.93× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 2.53× | — | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | -0.02× | — | ||
| Q1 24 | 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
MO
| Smokeable Products Segment | $5.1B | 88% |
| Oral Tobacco Segment | $706.0M | 12% |
REED
暂无分部数据
