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摩根士丹利（MS）与百事公司（PFGC）财务数据对比。点击上方公司名可切换其他公司
摩根士丹利的季度营收约是百事公司的1.1倍（$17.9B vs $16.4B），摩根士丹利净利率更高（24.6% vs 0.4%，领先24.2%）
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
百事公司是总部位于美国纽约州珀彻斯的跨国食品饮料企业，1965年由百事可乐公司与菲多利合并成立。业务覆盖食品饮料全领域，负责旗下产品的生产、分销与市场营销，产品矩阵从最初的百事可乐扩展到了丰富多元的知名品牌组合。
MS vs PFGC — 直观对比
营收规模更大
MS
是对方的1.1倍
$16.4B
净利率更高
MS
高出24.2%
0.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $17.9B | $16.4B |
| 净利润 | $4.4B | $61.7M |
| 毛利率 | — | 12.0% |
| 营业利润率 | 32.2% | 1.2% |
| 净利率 | 24.6% | 0.4% |
| 营收同比 | — | 5.2% |
| 净利润同比 | — | 45.5% |
| 每股收益（稀释后） | $2.68 | $0.39 |
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MSPFGC
| Q4 25 | $17.9B | $16.4B | ||
| Q3 25 | $18.2B | $17.1B | ||
| Q2 25 | $16.8B | $16.9B | ||
| Q1 25 | $17.7B | $15.3B | ||
| Q4 24 | — | $15.6B | ||
| Q3 24 | $15.4B | $15.4B | ||
| Q2 24 | $15.0B | $15.2B | ||
| Q1 24 | $15.1B | $13.9B |
净利润MSPFGC
| Q4 25 | $4.4B | $61.7M | ||
| Q3 25 | $4.6B | $93.6M | ||
| Q2 25 | $3.5B | $131.5M | ||
| Q1 25 | $4.3B | $58.3M | ||
| Q4 24 | — | $42.4M | ||
| Q3 24 | $3.2B | $108.0M | ||
| Q2 24 | $3.1B | $166.5M | ||
| Q1 24 | $3.4B | $70.4M |
毛利率MSPFGC
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 11.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | — | 11.3% |
营业利润率MSPFGC
| Q4 25 | 32.2% | 1.2% | ||
| Q3 25 | 33.1% | 1.3% | ||
| Q2 25 | 27.5% | 1.6% | ||
| Q1 25 | 31.3% | 1.1% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 27.4% | 1.4% | ||
| Q2 24 | 27.1% | 1.9% | ||
| Q1 24 | 29.0% | 1.1% |
净利率MSPFGC
| Q4 25 | 24.6% | 0.4% | ||
| Q3 25 | 25.3% | 0.5% | ||
| Q2 25 | 21.1% | 0.8% | ||
| Q1 25 | 24.3% | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 20.7% | 0.7% | ||
| Q2 24 | 20.5% | 1.1% | ||
| Q1 24 | 22.5% | 0.5% |
每股收益（稀释后）MSPFGC
| Q4 25 | $2.68 | $0.39 | ||
| Q3 25 | $2.80 | $0.60 | ||
| Q2 25 | $2.13 | $0.85 | ||
| Q1 25 | $2.60 | $0.37 | ||
| Q4 24 | — | $0.27 | ||
| Q3 24 | $1.88 | $0.69 | ||
| Q2 24 | $1.82 | $1.07 | ||
| Q1 24 | $2.02 | $0.45 |
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 | $111.7B | — |
| 总债务越低越好 | $341.7B | $5.3B |
| 股东权益账面价值 | $111.6B | $4.6B |
| 总资产 | $1420.3B | $18.2B |
| 负债/权益比越低杠杆越低 | 3.06× | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资MSPFGC
| Q4 25 | $111.7B | — | ||
| Q3 25 | $103.7B | — | ||
| Q2 25 | $109.1B | — | ||
| Q1 25 | $90.7B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $91.1B | — | ||
| Q2 24 | $90.2B | — | ||
| Q1 24 | $102.3B | — |
总债务MSPFGC
| Q4 25 | $341.7B | $5.3B | ||
| Q3 25 | $324.1B | $5.6B | ||
| Q2 25 | $320.1B | $5.4B | ||
| Q1 25 | $297.0B | $5.4B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | $291.2B | $3.9B | ||
| Q2 24 | $269.9B | $3.2B | ||
| Q1 24 | $266.1B | $3.2B |
股东权益MSPFGC
| Q4 25 | $111.6B | $4.6B | ||
| Q3 25 | $110.0B | $4.6B | ||
| Q2 25 | $108.2B | $4.5B | ||
| Q1 25 | $106.8B | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | $103.6B | $4.2B | ||
| Q2 24 | $100.7B | $4.1B | ||
| Q1 24 | $99.2B | $4.0B |
总资产MSPFGC
| Q4 25 | $1420.3B | $18.2B | ||
| Q3 25 | $1364.8B | $18.4B | ||
| Q2 25 | $1353.9B | $17.9B | ||
| Q1 25 | $1300.3B | $17.1B | ||
| Q4 24 | — | $17.1B | ||
| Q3 24 | $1258.0B | $14.4B | ||
| Q2 24 | $1212.4B | $13.4B | ||
| Q1 24 | $1228.5B | $12.9B |
负债/权益比MSPFGC
| Q4 25 | 3.06× | 1.13× | ||
| Q3 25 | 2.95× | 1.23× | ||
| Q2 25 | 2.96× | 1.20× | ||
| Q1 25 | 2.78× | 1.25× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | 2.81× | 0.93× | ||
| Q2 24 | 2.68× | 0.78× | ||
| Q1 24 | 2.68× | 0.81× |
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 | $-2.4B | $601.2M |
| 自由现金流经营现金流 - 资本支出 | — | $487.8M |
| 自由现金流率自由现金流/营收 | — | 3.0% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | -0.55× | 9.74× |
| 过去12个月自由现金流最近4个季度 | — | $792.7M |
8季度趋势，按日历期对齐
经营现金流MSPFGC
| Q4 25 | $-2.4B | $601.2M | ||
| Q3 25 | $-3.3B | $-145.2M | ||
| Q2 25 | $11.8B | $383.0M | ||
| Q1 25 | $-24.0B | $448.1M | ||
| Q4 24 | — | $325.5M | ||
| Q3 24 | — | $53.5M | ||
| Q2 24 | — | $206.3M | ||
| Q1 24 | $4.4B | $402.7M |
自由现金流MSPFGC
| Q4 25 | — | $487.8M | ||
| Q3 25 | — | $-224.1M | ||
| Q2 25 | — | $209.7M | ||
| Q1 25 | — | $319.3M | ||
| Q4 24 | — | $218.1M | ||
| Q3 24 | — | $-43.0M | ||
| Q2 24 | — | $55.1M | ||
| Q1 24 | — | $305.4M |
自由现金流率MSPFGC
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | -0.3% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 2.2% |
资本支出强度MSPFGC
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 0.7% |
现金转化率MSPFGC
| Q4 25 | -0.55× | 9.74× | ||
| Q3 25 | -0.72× | -1.55× | ||
| Q2 25 | 3.34× | 2.91× | ||
| Q1 25 | -5.56× | 7.69× | ||
| Q4 24 | — | 7.68× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | 1.28× | 5.72× |
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
MS
暂无分部数据
PFGC
| Foodservice | $8.8B | 54% |
| Convenience | $6.3B | 38% |
| Specialty | $1.3B | 8% |
