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摩丁制造（MOD）与TreeHouse Foods, Inc.（THS）财务数据对比。点击上方公司名可切换其他公司
TreeHouse Foods, Inc.的季度营收约是摩丁制造的1.0倍（$840.3M vs $805.0M），摩丁制造净利率更高（-5.9% vs -31.6%，领先25.7%），摩丁制造同比增速更快（30.5% vs 0.1%），过去两年摩丁制造的营收复合增速更高（15.5% vs -3.9%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
MOD vs THS — 直观对比
营收规模更大
THS
是对方的1.0倍
$805.0M
营收增速更快
MOD
高出30.4%
0.1%
净利率更高
MOD
高出25.7%
-31.6%
两年增速更快
MOD
近两年复合增速
-3.9%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $840.3M |
| 净利润 | $-47.4M | $-265.8M |
| 毛利率 | 23.1% | 18.8% |
| 营业利润率 | 11.1% | -30.2% |
| 净利率 | -5.9% | -31.6% |
| 营收同比 | 30.5% | 0.1% |
| 净利润同比 | -215.6% | -7717.6% |
| 每股收益（稀释后） | $-0.90 | $-5.26 |
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MODTHS
| Q4 25 | $805.0M | — | ||
| Q3 25 | $738.9M | $840.3M | ||
| Q2 25 | $682.8M | $798.0M | ||
| Q1 25 | $647.2M | $792.0M | ||
| Q4 24 | $616.8M | $905.7M | ||
| Q3 24 | $658.0M | $839.1M | ||
| Q2 24 | $661.5M | $788.5M | ||
| Q1 24 | $603.5M | $820.7M |
净利润MODTHS
| Q4 25 | $-47.4M | — | ||
| Q3 25 | $44.4M | $-265.8M | ||
| Q2 25 | $51.2M | $-2.9M | ||
| Q1 25 | $49.6M | $-31.8M | ||
| Q4 24 | $41.0M | $58.7M | ||
| Q3 24 | $46.1M | $-3.4M | ||
| Q2 24 | $47.3M | $-16.7M | ||
| Q1 24 | $25.8M | $-11.7M |
毛利率MODTHS
| Q4 25 | 23.1% | — | ||
| Q3 25 | 22.3% | 18.8% | ||
| Q2 25 | 24.2% | 17.4% | ||
| Q1 25 | 25.6% | 14.5% | ||
| Q4 24 | 24.3% | 19.5% | ||
| Q3 24 | 25.2% | 15.6% | ||
| Q2 24 | 24.6% | 16.3% | ||
| Q1 24 | 22.4% | 13.6% |
营业利润率MODTHS
| Q4 25 | 11.1% | — | ||
| Q3 25 | 9.9% | -30.2% | ||
| Q2 25 | 11.1% | 3.4% | ||
| Q1 25 | 11.5% | -0.7% | ||
| Q4 24 | 9.6% | 8.9% | ||
| Q3 24 | 11.4% | 3.8% | ||
| Q2 24 | 11.2% | -0.5% | ||
| Q1 24 | 7.8% | -0.6% |
净利率MODTHS
| Q4 25 | -5.9% | — | ||
| Q3 25 | 6.0% | -31.6% | ||
| Q2 25 | 7.5% | -0.4% | ||
| Q1 25 | 7.7% | -4.0% | ||
| Q4 24 | 6.6% | 6.5% | ||
| Q3 24 | 7.0% | -0.4% | ||
| Q2 24 | 7.2% | -2.1% | ||
| Q1 24 | 4.3% | -1.4% |
每股收益（稀释后）MODTHS
| Q4 25 | $-0.90 | — | ||
| Q3 25 | $0.83 | $-5.26 | ||
| Q2 25 | $0.95 | $-0.06 | ||
| Q1 25 | $0.92 | $-0.63 | ||
| Q4 24 | $0.76 | $1.12 | ||
| Q3 24 | $0.86 | $-0.07 | ||
| Q2 24 | $0.88 | $-0.32 | ||
| Q1 24 | $0.48 | $-0.22 |
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 | $98.7M | $21.0M |
| 总债务越低越好 | $570.7M | $1.5B |
| 股东权益账面价值 | $1.1B | $1.3B |
| 总资产 | $2.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.51× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资MODTHS
| Q4 25 | $98.7M | — | ||
| Q3 25 | $83.8M | $21.0M | ||
| Q2 25 | $124.5M | $17.1M | ||
| Q1 25 | $71.6M | $16.4M | ||
| Q4 24 | $83.8M | $289.6M | ||
| Q3 24 | $78.6M | $102.0M | ||
| Q2 24 | $72.9M | $105.8M | ||
| Q1 24 | $60.1M | $191.8M |
总债务MODTHS
| Q4 25 | $570.7M | — | ||
| Q3 25 | $525.8M | $1.5B | ||
| Q2 25 | $482.1M | $1.5B | ||
| Q1 25 | $296.7M | $1.4B | ||
| Q4 24 | $330.0M | $1.4B | ||
| Q3 24 | $359.1M | $1.4B | ||
| Q2 24 | $405.7M | $1.4B | ||
| Q1 24 | $399.9M | $1.4B |
股东权益MODTHS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $910.2M | $1.5B | ||
| Q4 24 | $855.1M | $1.5B | ||
| Q3 24 | $858.8M | $1.6B | ||
| Q2 24 | $788.4M | $1.6B | ||
| Q1 24 | $747.6M | $1.6B |
总资产MODTHS
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | $3.8B | ||
| Q2 25 | $2.2B | $4.0B | ||
| Q1 25 | $1.9B | $3.9B | ||
| Q4 24 | $1.8B | $4.0B | ||
| Q3 24 | $1.9B | $4.0B | ||
| Q2 24 | $1.9B | $3.9B | ||
| Q1 24 | $1.9B | $4.0B |
负债/权益比MODTHS
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.50× | 1.18× | ||
| Q2 25 | 0.48× | 0.98× | ||
| Q1 25 | 0.33× | 0.93× | ||
| Q4 24 | 0.39× | 0.90× | ||
| Q3 24 | 0.42× | 0.90× | ||
| Q2 24 | 0.51× | 0.90× | ||
| Q1 24 | 0.53× | 0.87× |
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 | $24.7M | $38.2M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | — |
| 自由现金流率自由现金流/营收 | -2.1% | — |
| 资本支出强度资本支出/营收 | 5.2% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-20.3M | — |
8季度趋势，按日历期对齐
经营现金流MODTHS
| Q4 25 | $24.7M | — | ||
| Q3 25 | $1.4M | $38.2M | ||
| Q2 25 | $27.7M | $-47.2M | ||
| Q1 25 | $54.8M | $-53.5M | ||
| Q4 24 | $60.7M | $296.2M | ||
| Q3 24 | $57.3M | $41.4M | ||
| Q2 24 | $40.5M | $-19.4M | ||
| Q1 24 | $39.6M | $-52.4M |
自由现金流MODTHS
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | — | ||
| Q1 25 | $27.1M | — | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $43.8M | — | ||
| Q2 24 | $13.7M | $-42.2M | ||
| Q1 24 | $-4.3M | $-80.7M |
自由现金流率MODTHS
| Q4 25 | -2.1% | — | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 2.1% | -5.4% | ||
| Q1 24 | -0.7% | -9.8% |
资本支出强度MODTHS
| Q4 25 | 5.2% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.1% | 2.9% | ||
| Q1 24 | 7.3% | 3.4% |
现金转化率MODTHS
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | 5.05× | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | — |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
