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MARZETTI CO（MZTI）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MARZETTI CO的1.6倍（$840.3M vs $518.0M）。MARZETTI CO净利率更高（11.4% vs -31.6%，领先43.0%）。MARZETTI CO同比增速更快（1.7% vs 0.1%）。过去两年MARZETTI CO的营收复合增速更高（4.8% vs -3.9%）
T.马泽蒂公司是兰开斯特殖民地集团旗下的特色食品事业部，生产沙拉酱、果蔬蘸酱、冷冻烘焙食品及多款特色品牌产品，是俄亥俄州中部规模最大的食品饮料企业之一，总部位于俄亥俄州韦斯特维尔，由特蕾莎·马泽蒂创立。
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”。
MZTI vs THS — 直观对比
营收规模更大
THS
是对方的1.6倍
$518.0M
营收增速更快
MZTI
高出1.6%
0.1%
净利率更高
MZTI
高出43.0%
-31.6%
两年增速更快
MZTI
近两年复合增速
-3.9%
损益表 — Q2 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $518.0M | $840.3M |
| 净利润 | $59.1M | $-265.8M |
| 毛利率 | 26.5% | 18.8% |
| 营业利润率 | 14.5% | -30.2% |
| 净利率 | 11.4% | -31.6% |
| 营收同比 | 1.7% | 0.1% |
| 净利润同比 | 20.6% | -7717.6% |
| 每股收益（稀释后） | $2.15 | $-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MZTITHS
| Q4 25 | $518.0M | — | ||
| Q3 25 | $493.5M | $840.3M | ||
| Q2 25 | $475.4M | $798.0M | ||
| Q1 25 | $457.8M | $792.0M | ||
| Q4 24 | $509.3M | $905.7M | ||
| Q3 24 | $466.6M | $839.1M | ||
| Q2 24 | $452.8M | $788.5M | ||
| Q1 24 | $471.4M | $820.7M |
净利润MZTITHS
| Q4 25 | $59.1M | — | ||
| Q3 25 | $47.2M | $-265.8M | ||
| Q2 25 | $32.5M | $-2.9M | ||
| Q1 25 | $41.1M | $-31.8M | ||
| Q4 24 | $49.0M | $58.7M | ||
| Q3 24 | $44.7M | $-3.4M | ||
| Q2 24 | $34.8M | $-16.7M | ||
| Q1 24 | $28.4M | $-11.7M |
毛利率MZTITHS
| Q4 25 | 26.5% | — | ||
| Q3 25 | 24.1% | 18.8% | ||
| Q2 25 | 22.3% | 17.4% | ||
| Q1 25 | 23.1% | 14.5% | ||
| Q4 24 | 26.1% | 19.5% | ||
| Q3 24 | 23.8% | 15.6% | ||
| Q2 24 | 21.6% | 16.3% | ||
| Q1 24 | 22.2% | 13.6% |
营业利润率MZTITHS
| Q4 25 | 14.5% | — | ||
| Q3 25 | 12.0% | -30.2% | ||
| Q2 25 | 8.2% | 3.4% | ||
| Q1 25 | 10.9% | -0.7% | ||
| Q4 24 | 14.9% | 8.9% | ||
| Q3 24 | 12.0% | 3.8% | ||
| Q2 24 | 9.2% | -0.5% | ||
| Q1 24 | 7.5% | -0.6% |
净利率MZTITHS
| Q4 25 | 11.4% | — | ||
| Q3 25 | 9.6% | -31.6% | ||
| Q2 25 | 6.8% | -0.4% | ||
| Q1 25 | 9.0% | -4.0% | ||
| Q4 24 | 9.6% | 6.5% | ||
| Q3 24 | 9.6% | -0.4% | ||
| Q2 24 | 7.7% | -2.1% | ||
| Q1 24 | 6.0% | -1.4% |
每股收益（稀释后）MZTITHS
| Q4 25 | $2.15 | — | ||
| Q3 25 | $1.71 | $-5.26 | ||
| Q2 25 | $1.18 | $-0.06 | ||
| Q1 25 | $1.49 | $-0.63 | ||
| Q4 24 | $1.78 | $1.12 | ||
| Q3 24 | $1.62 | $-0.07 | ||
| Q2 24 | $1.27 | $-0.32 | ||
| Q1 24 | $1.03 | $-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 | $201.6M | $21.0M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $1.0B | $1.3B |
| 总资产 | $1.3B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资MZTITHS
| Q4 25 | $201.6M | — | ||
| Q3 25 | $182.2M | $21.0M | ||
| Q2 25 | $161.5M | $17.1M | ||
| Q1 25 | $124.6M | $16.4M | ||
| Q4 24 | $203.1M | $289.6M | ||
| Q3 24 | $135.1M | $102.0M | ||
| Q2 24 | $163.4M | $105.8M | ||
| Q1 24 | $164.8M | $191.8M |
总债务MZTITHS
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益MZTITHS
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $998.5M | $1.5B | ||
| Q1 25 | $996.2M | $1.5B | ||
| Q4 24 | $979.9M | $1.5B | ||
| Q3 24 | $945.1M | $1.6B | ||
| Q2 24 | $925.8M | $1.6B | ||
| Q1 24 | $912.9M | $1.6B |
总资产MZTITHS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $3.8B | ||
| Q2 25 | $1.3B | $4.0B | ||
| Q1 25 | $1.3B | $3.9B | ||
| Q4 24 | $1.2B | $4.0B | ||
| Q3 24 | $1.2B | $4.0B | ||
| Q2 24 | $1.2B | $3.9B | ||
| Q1 24 | $1.2B | $4.0B |
负债/权益比MZTITHS
| Q4 25 | — | — | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 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 | $88.6M | $38.2M |
| 自由现金流经营现金流 - 资本支出 | $70.9M | — |
| 自由现金流率自由现金流/营收 | 13.7% | — |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | 1.50× | — |
| 过去12个月自由现金流最近4个季度 | $229.5M | — |
8季度趋势，按日历期对齐
经营现金流MZTITHS
| Q4 25 | $88.6M | — | ||
| Q3 25 | $69.5M | $38.2M | ||
| Q2 25 | $88.2M | $-47.2M | ||
| Q1 25 | $45.8M | $-53.5M | ||
| Q4 24 | $107.6M | $296.2M | ||
| Q3 24 | $19.9M | $41.4M | ||
| Q2 24 | $34.1M | $-19.4M | ||
| Q1 24 | $75.9M | $-52.4M |
自由现金流MZTITHS
| Q4 25 | $70.9M | — | ||
| Q3 25 | $53.9M | — | ||
| Q2 25 | $73.9M | — | ||
| Q1 25 | $30.8M | — | ||
| Q4 24 | $96.6M | — | ||
| Q3 24 | $2.3M | — | ||
| Q2 24 | $18.5M | $-42.2M | ||
| Q1 24 | $61.1M | $-80.7M |
自由现金流率MZTITHS
| Q4 25 | 13.7% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 4.1% | -5.4% | ||
| Q1 24 | 13.0% | -9.8% |
资本支出强度MZTITHS
| Q4 25 | 3.4% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.4% | 2.9% | ||
| Q1 24 | 3.2% | 3.4% |
现金转化率MZTITHS
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 2.71× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 2.20× | 5.05× | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | 0.98× | — | ||
| Q1 24 | 2.68× | — |
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
MZTI
| National Accounts | $177.4M | 34% |
| Dressings And Sauces | $169.5M | 33% |
| Frozen Breads And Other | $62.7M | 12% |
| Branded And Other | $54.8M | 11% |
| Refrigerated Dressings Dips And Other | $46.2M | 9% |
| Other Dressings And Sauces For TSA | $8.2M | 2% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
