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奥驰亚（MO）与西斯科（SYY）财务数据对比。点击上方公司名可切换其他公司
西斯科的季度营收约是奥驰亚的3.6倍（$20.8B vs $5.8B），奥驰亚净利率更高（19.1% vs 1.9%，领先17.2%），西斯科同比增速更快（3.0% vs -2.1%），奥驰亚自由现金流更多（$3.2B vs $385.0M），过去两年西斯科的营收复合增速更高（3.5% 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。
西斯科是总部位于美国得克萨斯州休斯敦能源走廊区的跨国企业，主要为餐厅、医疗机构、教育机构、体育场馆等各类提供餐食的场所销售配送食品产品，同时也供应餐饮服务相关用品及设备。
MO vs SYY — 直观对比
营收规模更大
SYY
是对方的3.6倍
$5.8B
营收增速更快
SYY
高出5.2%
-2.1%
净利率更高
MO
高出17.2%
1.9%
自由现金流更多
MO
多$2.8B
$385.0M
两年增速更快
SYY
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.8B | $20.8B |
| 净利润 | $1.1B | $389.0M |
| 毛利率 | 62.1% | 18.3% |
| 营业利润率 | 28.2% | 3.3% |
| 净利率 | 19.1% | 1.9% |
| 营收同比 | -2.1% | 3.0% |
| 净利润同比 | -63.2% | -4.2% |
| 每股收益（稀释后） | $0.67 | $0.81 |
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MOSYY
| Q4 25 | $5.8B | $20.8B | ||
| Q3 25 | $6.1B | $21.1B | ||
| Q2 25 | $6.1B | $21.1B | ||
| Q1 25 | $5.3B | $19.6B | ||
| Q4 24 | $6.0B | $20.2B | ||
| Q3 24 | $6.3B | $20.5B | ||
| Q2 24 | $6.2B | $20.6B | ||
| Q1 24 | $5.6B | $19.4B |
净利润MOSYY
| Q4 25 | $1.1B | $389.0M | ||
| Q3 25 | $2.4B | $476.0M | ||
| Q2 25 | $2.4B | $531.0M | ||
| Q1 25 | $1.1B | $401.0M | ||
| Q4 24 | $3.0B | $406.0M | ||
| Q3 24 | $2.3B | $490.0M | ||
| Q2 24 | $3.8B | $611.7M | ||
| Q1 24 | $2.1B | $424.7M |
毛利率MOSYY
| Q4 25 | 62.1% | 18.3% | ||
| Q3 25 | 62.8% | 18.4% | ||
| Q2 25 | 63.1% | 18.9% | ||
| Q1 25 | 61.8% | 18.3% | ||
| Q4 24 | 60.3% | 18.1% | ||
| Q3 24 | 60.8% | 18.3% | ||
| Q2 24 | 59.2% | 18.7% | ||
| Q1 24 | 58.8% | 18.6% |
营业利润率MOSYY
| Q4 25 | 28.2% | 3.3% | ||
| Q3 25 | 53.2% | 3.8% | ||
| Q2 25 | 52.9% | 4.2% | ||
| Q1 25 | 34.0% | 3.5% | ||
| Q4 24 | 48.2% | 3.5% | ||
| Q3 24 | 50.4% | 3.9% | ||
| Q2 24 | 40.8% | 4.7% | ||
| Q1 24 | 48.0% | 3.7% |
净利率MOSYY
| Q4 25 | 19.1% | 1.9% | ||
| Q3 25 | 39.1% | 2.3% | ||
| Q2 25 | 39.0% | 2.5% | ||
| Q1 25 | 20.5% | 2.0% | ||
| Q4 24 | 50.9% | 2.0% | ||
| Q3 24 | 36.6% | 2.4% | ||
| Q2 24 | 61.2% | 3.0% | ||
| Q1 24 | 38.2% | 2.2% |
每股收益（稀释后）MOSYY
| Q4 25 | $0.67 | $0.81 | ||
| Q3 25 | $1.41 | $0.99 | ||
| Q2 25 | $1.41 | $1.10 | ||
| Q1 25 | $0.63 | $0.82 | ||
| Q4 24 | $1.78 | $0.82 | ||
| Q3 24 | $1.34 | $0.99 | ||
| Q2 24 | $2.21 | $1.23 | ||
| Q1 24 | $1.21 | $0.85 |
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 | $1.2B |
| 总债务越低越好 | $25.7B | $12.4B |
| 股东权益账面价值 | $-3.5B | $2.3B |
| 总资产 | $35.0B | $27.2B |
| 负债/权益比越低杠杆越低 | — | 5.45× |
8季度趋势，按日历期对齐
现金及短期投资MOSYY
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $3.5B | $844.0M | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $4.7B | $1.5B | ||
| Q4 24 | $3.1B | $793.0M | ||
| Q3 24 | $1.9B | $733.0M | ||
| Q2 24 | $1.8B | $696.0M | ||
| Q1 24 | $3.6B | $598.3M |
总债务MOSYY
| Q4 25 | $25.7B | $12.4B | ||
| Q3 25 | $25.7B | $11.5B | ||
| Q2 25 | $24.7B | $12.4B | ||
| Q1 25 | $26.1B | $12.2B | ||
| Q4 24 | $24.9B | $11.4B | ||
| Q3 24 | $25.2B | $11.9B | ||
| Q2 24 | $25.0B | $11.5B | ||
| Q1 24 | $25.0B | $12.1B |
股东权益MOSYY
| Q4 25 | $-3.5B | $2.3B | ||
| Q3 25 | $-2.6B | $2.1B | ||
| Q2 25 | $-3.3B | $1.8B | ||
| Q1 25 | $-3.5B | $1.9B | ||
| Q4 24 | $-2.2B | $2.0B | ||
| Q3 24 | $-3.5B | $2.2B | ||
| Q2 24 | $-3.0B | $1.9B | ||
| Q1 24 | $-5.1B | $2.1B |
总资产MOSYY
| Q4 25 | $35.0B | $27.2B | ||
| Q3 25 | $35.0B | $27.0B | ||
| Q2 25 | $32.3B | $26.8B | ||
| Q1 25 | $35.8B | $26.3B | ||
| Q4 24 | $35.2B | $25.3B | ||
| Q3 24 | $34.2B | $25.9B | ||
| Q2 24 | $34.4B | $24.9B | ||
| Q1 24 | $36.5B | $24.7B |
负债/权益比MOSYY
| Q4 25 | — | 5.45× | ||
| Q3 25 | — | 5.54× | ||
| Q2 25 | — | 6.75× | ||
| Q1 25 | — | 6.37× | ||
| Q4 24 | — | 5.66× | ||
| Q3 24 | — | 5.38× | ||
| Q2 24 | — | 6.19× | ||
| Q1 24 | — | 5.77× |
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 | $525.0M |
| 自由现金流经营现金流 - 资本支出 | $3.2B | $385.0M |
| 自由现金流率自由现金流/营收 | 54.4% | 1.9% |
| 资本支出强度资本支出/营收 | 1.6% | 0.7% |
| 现金转化率经营现金流/净利润 | 2.93× | 1.35× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $1.8B |
8季度趋势，按日历期对齐
经营现金流MOSYY
| Q4 25 | $3.3B | $525.0M | ||
| Q3 25 | $3.1B | $86.0M | ||
| Q2 25 | $205.0M | $1.2B | ||
| Q1 25 | $2.7B | $819.0M | ||
| Q4 24 | $3.3B | $445.0M | ||
| Q3 24 | $2.6B | $53.0M | ||
| Q2 24 | $-75.0M | $1.6B | ||
| Q1 24 | $2.9B | $517.3M |
自由现金流MOSYY
| Q4 25 | $3.2B | $385.0M | ||
| Q3 25 | $3.0B | $-74.0M | ||
| Q2 25 | $173.0M | $819.0M | ||
| Q1 25 | $2.7B | $620.0M | ||
| Q4 24 | $3.3B | $234.0M | ||
| Q3 24 | $2.6B | $-69.0M | ||
| Q2 24 | $-104.0M | $1.3B | ||
| Q1 24 | $2.8B | $333.9M |
自由现金流率MOSYY
| Q4 25 | 54.4% | 1.9% | ||
| Q3 25 | 50.1% | -0.3% | ||
| Q2 25 | 2.8% | 3.9% | ||
| Q1 25 | 51.0% | 3.2% | ||
| Q4 24 | 55.1% | 1.2% | ||
| Q3 24 | 41.2% | -0.3% | ||
| Q2 24 | -1.7% | 6.4% | ||
| Q1 24 | 51.0% | 1.7% |
资本支出强度MOSYY
| Q4 25 | 1.6% | 0.7% | ||
| Q3 25 | 0.9% | 0.8% | ||
| Q2 25 | 0.5% | 1.8% | ||
| Q1 25 | 0.7% | 1.0% | ||
| Q4 24 | 0.8% | 1.0% | ||
| Q3 24 | 0.5% | 0.6% | ||
| Q2 24 | 0.5% | 1.5% | ||
| Q1 24 | 0.6% | 0.9% |
现金转化率MOSYY
| Q4 25 | 2.93× | 1.35× | ||
| Q3 25 | 1.30× | 0.18× | ||
| Q2 25 | 0.09× | 2.25× | ||
| Q1 25 | 2.53× | 2.04× | ||
| Q4 24 | 1.10× | 1.10× | ||
| Q3 24 | 1.14× | 0.11× | ||
| Q2 24 | -0.02× | 2.64× | ||
| Q1 24 | 1.35× | 1.22× |
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% |
SYY
| International Foodservice Operations | $4.0B | 19% |
| Fresh And Frozen Meats1 | $3.0B | 14% |
| Canned And Dry Products1 | $2.7B | 13% |
| Sygma Segment | $2.1B | 10% |
| Frozen Fruits Vegetables Bakery And Other1 | $2.1B | 10% |
| Dairy Products1 | $1.5B | 7% |
| Poultry1 | $1.3B | 6% |
| Fresh Produce1 | $1.3B | 6% |
| Paper And Disposables1 | $1.0B | 5% |
| Seafood1 | $542.0M | 3% |
| Beverage Products1 | $390.0M | 2% |
| Other Products | $289.0M | 1% |
| Equipment And Smallwares | $286.0M | 1% |
