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奥驰亚（MO）与Village Farms International, Inc.（VFF）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Village Farms International, Inc.的478.3倍（$5.8B vs $12.2M）。Village Farms International, Inc.净利率更高（19.9% vs 19.1%，领先0.8%）。Village Farms International, Inc.同比增速更快（31.5% vs -2.1%）。过去两年奥驰亚的营收复合增速更高（2.4% vs -60.4%）
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。
格拉夫顿乡村奶酪公司是一家位于美国佛蒙特州格拉夫顿镇的奶酪生产商，主要生产手工熟成切达奶酪，产品以传统工艺打造，风味醇厚浓郁，在北美手工奶酪市场拥有良好的消费者口碑。
MO vs VFF — 直观对比
营收规模更大
MO
是对方的478.3倍
$12.2M
营收增速更快
VFF
高出33.6%
-2.1%
净利率更高
VFF
高出0.8%
19.1%
两年增速更快
MO
近两年复合增速
-60.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.8B | $12.2M |
| 净利润 | $1.1B | $2.4M |
| 毛利率 | 62.1% | — |
| 营业利润率 | 28.2% | — |
| 净利率 | 19.1% | 19.9% |
| 营收同比 | -2.1% | 31.5% |
| 净利润同比 | -63.2% | 128.2% |
| 每股收益（稀释后） | $0.67 | $0.01 |
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MOVFF
| Q4 25 | $5.8B | $12.2M | ||
| Q3 25 | $6.1B | $66.7M | ||
| Q2 25 | $6.1B | $59.9M | ||
| Q1 25 | $5.3B | $77.1M | ||
| Q4 24 | $6.0B | $9.3M | ||
| Q3 24 | $6.3B | $54.9M | ||
| Q2 24 | $6.2B | $53.6M | ||
| Q1 24 | $5.6B | $78.1M |
净利润MOVFF
| Q4 25 | $1.1B | $2.4M | ||
| Q3 25 | $2.4B | $10.2M | ||
| Q2 25 | $2.4B | $26.5M | ||
| Q1 25 | $1.1B | $-6.7M | ||
| Q4 24 | $3.0B | $-8.6M | ||
| Q3 24 | $2.3B | $-820.0K | ||
| Q2 24 | $3.8B | $-23.5M | ||
| Q1 24 | $2.1B | $-2.9M |
毛利率MOVFF
| Q4 25 | 62.1% | — | ||
| Q3 25 | 62.8% | 47.9% | ||
| Q2 25 | 63.1% | 37.3% | ||
| Q1 25 | 61.8% | 14.7% | ||
| Q4 24 | 60.3% | 32.4% | ||
| Q3 24 | 60.8% | 24.8% | ||
| Q2 24 | 59.2% | 25.4% | ||
| Q1 24 | 58.8% | 19.9% |
营业利润率MOVFF
| Q4 25 | 28.2% | — | ||
| Q3 25 | 53.2% | 23.3% | ||
| Q2 25 | 52.9% | 20.8% | ||
| Q1 25 | 34.0% | -8.0% | ||
| Q4 24 | 48.2% | -118.3% | ||
| Q3 24 | 50.4% | 3.8% | ||
| Q2 24 | 40.8% | -43.5% | ||
| Q1 24 | 48.0% | -3.0% |
净利率MOVFF
| Q4 25 | 19.1% | 19.9% | ||
| Q3 25 | 39.1% | 15.3% | ||
| Q2 25 | 39.0% | 44.2% | ||
| Q1 25 | 20.5% | -8.7% | ||
| Q4 24 | 50.9% | -92.8% | ||
| Q3 24 | 36.6% | -1.5% | ||
| Q2 24 | 61.2% | -43.9% | ||
| Q1 24 | 38.2% | -3.7% |
每股收益（稀释后）MOVFF
| Q4 25 | $0.67 | $0.01 | ||
| Q3 25 | $1.41 | $0.08 | ||
| Q2 25 | $1.41 | $0.24 | ||
| Q1 25 | $0.63 | $-0.06 | ||
| Q4 24 | $1.78 | $-0.07 | ||
| Q3 24 | $1.34 | $-0.01 | ||
| Q2 24 | $2.21 | $-0.21 | ||
| Q1 24 | $1.21 | $-0.03 |
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 | $81.2M |
| 总债务越低越好 | $25.7B | $33.7M |
| 股东权益账面价值 | $-3.5B | $299.9M |
| 总资产 | $35.0B | $423.1M |
| 负债/权益比越低杠杆越低 | — | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资MOVFF
| Q4 25 | $4.5B | $81.2M | ||
| Q3 25 | $3.5B | $82.6M | ||
| Q2 25 | $1.3B | $60.0M | ||
| Q1 25 | $4.7B | $15.1M | ||
| Q4 24 | $3.1B | $24.6M | ||
| Q3 24 | $1.9B | $28.7M | ||
| Q2 24 | $1.8B | $29.7M | ||
| Q1 24 | $3.6B | $26.7M |
总债务MOVFF
| Q4 25 | $25.7B | $33.7M | ||
| Q3 25 | $25.7B | $34.6M | ||
| Q2 25 | $24.7B | $39.1M | ||
| Q1 25 | $26.1B | $39.2M | ||
| Q4 24 | $24.9B | $40.6M | ||
| Q3 24 | $25.2B | $43.3M | ||
| Q2 24 | $25.0B | $44.4M | ||
| Q1 24 | $25.0B | $46.1M |
股东权益MOVFF
| Q4 25 | $-3.5B | $299.9M | ||
| Q3 25 | $-2.6B | $295.4M | ||
| Q2 25 | $-3.3B | $284.3M | ||
| Q1 25 | $-3.5B | $248.3M | ||
| Q4 24 | $-2.2B | $254.0M | ||
| Q3 24 | $-3.5B | $274.4M | ||
| Q2 24 | $-3.0B | $275.2M | ||
| Q1 24 | $-5.1B | $296.2M |
总资产MOVFF
| Q4 25 | $35.0B | $423.1M | ||
| Q3 25 | $35.0B | $418.4M | ||
| Q2 25 | $32.3B | $403.7M | ||
| Q1 25 | $35.8B | $377.1M | ||
| Q4 24 | $35.2B | $389.3M | ||
| Q3 24 | $34.2B | $417.8M | ||
| Q2 24 | $34.4B | $425.4M | ||
| Q1 24 | $36.5B | $458.4M |
负债/权益比MOVFF
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | — |
| 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% | 90.8% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流MOVFF
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.1B | $24.4M | ||
| Q2 25 | $205.0M | — | ||
| Q1 25 | $2.7B | $-6.4M | ||
| Q4 24 | $3.3B | $412.0K | ||
| Q3 24 | $2.6B | $4.3M | ||
| Q2 24 | $-75.0M | $5.7M | ||
| Q1 24 | $2.9B | $-50.0K |
自由现金流MOVFF
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $22.6M | ||
| Q2 25 | $173.0M | — | ||
| Q1 25 | $2.7B | $-8.9M | ||
| Q4 24 | $3.3B | $-1.2M | ||
| Q3 24 | $2.6B | $1.5M | ||
| Q2 24 | $-104.0M | $4.8M | ||
| Q1 24 | $2.8B | $-1.9M |
自由现金流率MOVFF
| Q4 25 | 54.4% | — | ||
| Q3 25 | 50.1% | 33.9% | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 51.0% | -11.6% | ||
| Q4 24 | 55.1% | -13.2% | ||
| Q3 24 | 41.2% | 2.7% | ||
| Q2 24 | -1.7% | 9.0% | ||
| Q1 24 | 51.0% | -2.5% |
资本支出强度MOVFF
| Q4 25 | 1.6% | 90.8% | ||
| Q3 25 | 0.9% | 2.7% | ||
| Q2 25 | 0.5% | 4.6% | ||
| Q1 25 | 0.7% | 3.3% | ||
| Q4 24 | 0.8% | 17.7% | ||
| Q3 24 | 0.5% | 5.1% | ||
| Q2 24 | 0.5% | 1.6% | ||
| Q1 24 | 0.6% | 2.4% |
现金转化率MOVFF
| Q4 25 | 2.93× | — | ||
| Q3 25 | 1.30× | 2.39× | ||
| 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% |
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
