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奥驰亚（MO）与W. R. Berkley Corporation（WRB）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W. R. Berkley Corporation的1.6倍（$5.8B vs $3.7B），奥驰亚净利率更高（19.1% vs 14.0%，领先5.1%），W. R. Berkley Corporation同比增速更快（4.0% vs -2.1%），过去两年W. R. Berkley Corporation的营收复合增速更高（5.5% 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。
W. R. Berkley Corporation由威廉·罗伯特·伯克利创立，他目前担任该公司董事长，同时兼任纽约大学校董会主席，在企业经营管理及高等教育治理领域均具备深厚的经验积累。
MO vs WRB — 直观对比
营收规模更大
MO
是对方的1.6倍
$3.7B
营收增速更快
WRB
高出6.2%
-2.1%
净利率更高
MO
高出5.1%
14.0%
两年增速更快
WRB
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.8B | $3.7B |
| 净利润 | $1.1B | $515.2M |
| 毛利率 | 62.1% | — |
| 营业利润率 | 28.2% | — |
| 净利率 | 19.1% | 14.0% |
| 营收同比 | -2.1% | 4.0% |
| 净利润同比 | -63.2% | 23.4% |
| 每股收益（稀释后） | $0.67 | $1.31 |
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MOWRB
| Q1 26 | — | $3.7B | ||
| Q4 25 | $5.8B | $3.7B | ||
| Q3 25 | $6.1B | $3.8B | ||
| Q2 25 | $6.1B | $3.7B | ||
| Q1 25 | $5.3B | $3.5B | ||
| Q4 24 | $6.0B | $3.7B | ||
| Q3 24 | $6.3B | $3.4B | ||
| Q2 24 | $6.2B | $3.3B |
净利润MOWRB
| Q1 26 | — | $515.2M | ||
| Q4 25 | $1.1B | $449.5M | ||
| Q3 25 | $2.4B | $511.0M | ||
| Q2 25 | $2.4B | $401.3M | ||
| Q1 25 | $1.1B | $417.6M | ||
| Q4 24 | $3.0B | $576.1M | ||
| Q3 24 | $2.3B | $365.6M | ||
| Q2 24 | $3.8B | $371.9M |
毛利率MOWRB
| Q1 26 | — | — | ||
| Q4 25 | 62.1% | — | ||
| Q3 25 | 62.8% | — | ||
| Q2 25 | 63.1% | — | ||
| Q1 25 | 61.8% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.8% | — | ||
| Q2 24 | 59.2% | — |
营业利润率MOWRB
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 15.4% | ||
| Q3 25 | 53.2% | 17.2% | ||
| Q2 25 | 52.9% | 14.2% | ||
| Q1 25 | 34.0% | 15.2% | ||
| Q4 24 | 48.2% | 19.9% | ||
| Q3 24 | 50.4% | 14.0% | ||
| Q2 24 | 40.8% | 14.7% |
净利率MOWRB
| Q1 26 | — | 14.0% | ||
| Q4 25 | 19.1% | 12.1% | ||
| Q3 25 | 39.1% | 13.6% | ||
| Q2 25 | 39.0% | 10.9% | ||
| Q1 25 | 20.5% | 11.8% | ||
| Q4 24 | 50.9% | 15.7% | ||
| Q3 24 | 36.6% | 10.8% | ||
| Q2 24 | 61.2% | 11.2% |
每股收益（稀释后）MOWRB
| Q1 26 | — | $1.31 | ||
| Q4 25 | $0.67 | $1.13 | ||
| Q3 25 | $1.41 | $1.28 | ||
| Q2 25 | $1.41 | $1.00 | ||
| Q1 25 | $0.63 | $1.04 | ||
| Q4 24 | $1.78 | $0.89 | ||
| Q3 24 | $1.34 | $0.91 | ||
| Q2 24 | $2.21 | $0.92 |
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 | $2.1B |
| 总债务越低越好 | $25.7B | — |
| 股东权益账面价值 | $-3.5B | — |
| 总资产 | $35.0B | $44.3B |
| 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MOWRB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.5B | $2.5B | ||
| Q3 25 | $3.5B | $2.4B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $4.7B | $1.7B | ||
| Q4 24 | $3.1B | $2.0B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.8B | $1.6B |
总债务MOWRB
| Q1 26 | — | — | ||
| 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 | — |
股东权益MOWRB
| Q1 26 | — | — | ||
| Q4 25 | $-3.5B | $9.7B | ||
| Q3 25 | $-2.6B | $9.8B | ||
| Q2 25 | $-3.3B | $9.3B | ||
| Q1 25 | $-3.5B | $8.9B | ||
| Q4 24 | $-2.2B | $8.4B | ||
| Q3 24 | $-3.5B | $8.4B | ||
| Q2 24 | $-3.0B | $7.8B |
总资产MOWRB
| Q1 26 | — | $44.3B | ||
| Q4 25 | $35.0B | $44.1B | ||
| Q3 25 | $35.0B | $43.7B | ||
| Q2 25 | $32.3B | $42.7B | ||
| Q1 25 | $35.8B | $41.3B | ||
| Q4 24 | $35.2B | $40.6B | ||
| Q3 24 | $34.2B | $40.4B | ||
| Q2 24 | $34.4B | $38.9B |
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% | — |
| 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MOWRB
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $995.1M | ||
| Q3 25 | $3.1B | $1.1B | ||
| Q2 25 | $205.0M | $703.8M | ||
| Q1 25 | $2.7B | $743.8M | ||
| Q4 24 | $3.3B | $810.0M | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $-75.0M | $881.3M |
自由现金流MOWRB
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $173.0M | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $-104.0M | — |
自由现金流率MOWRB
| Q1 26 | — | — | ||
| Q4 25 | 54.4% | — | ||
| Q3 25 | 50.1% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 51.0% | — | ||
| Q4 24 | 55.1% | — | ||
| Q3 24 | 41.2% | — | ||
| Q2 24 | -1.7% | — |
资本支出强度MOWRB
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.5% | — |
现金转化率MOWRB
| Q1 26 | — | — | ||
| Q4 25 | 2.93× | 2.21× | ||
| Q3 25 | 1.30× | 2.23× | ||
| Q2 25 | 0.09× | 1.75× | ||
| Q1 25 | 2.53× | 1.78× | ||
| Q4 24 | 1.10× | 1.41× | ||
| Q3 24 | 1.14× | 3.39× | ||
| Q2 24 | -0.02× | 2.37× |
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% |
WRB
暂无分部数据
