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欧文斯科宁（OC）与J.M. Smucker Company (The)（SJM）财务数据对比。点击上方公司名可切换其他公司
J.M. Smucker Company (The)的季度营收约是欧文斯科宁的1.1倍（$2.3B vs $2.1B），J.M. Smucker Company (The)净利率更高（10.4% vs -13.9%，领先24.3%），J.M. Smucker Company (The)同比增速更快（2.6% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $280.2M），过去两年J.M. Smucker Company (The)的营收复合增速更高（2.2% vs -3.5%）
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
OC vs SJM — 直观对比
营收规模更大
SJM
是对方的1.1倍
$2.1B
营收增速更快
SJM
高出27.2%
-24.6%
净利率更高
SJM
高出24.3%
-13.9%
自由现金流更多
OC
多$52.8M
$280.2M
两年增速更快
SJM
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.3B |
| 净利润 | $-298.0M | $241.3M |
| 毛利率 | 23.2% | 37.3% |
| 营业利润率 | -10.5% | 18.0% |
| 净利率 | -13.9% | 10.4% |
| 营收同比 | -24.6% | 2.6% |
| 净利润同比 | -15.5% | 1084.9% |
| 每股收益（稀释后） | $-3.47 | $2.26 |
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OCSJM
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.7B | $2.1B | ||
| Q2 25 | $2.7B | $2.1B | ||
| Q1 25 | $2.5B | $2.2B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $2.8B | $2.2B | ||
| Q1 24 | $2.3B | $2.2B |
净利润OCSJM
| Q4 25 | $-298.0M | $241.3M | ||
| Q3 25 | $-494.0M | $-43.9M | ||
| Q2 25 | $363.0M | $-729.0M | ||
| Q1 25 | $-93.0M | $-662.3M | ||
| Q4 24 | $-258.0M | $-24.5M | ||
| Q3 24 | $321.0M | $185.0M | ||
| Q2 24 | $285.0M | $245.1M | ||
| Q1 24 | $299.0M | $120.4M |
毛利率OCSJM
| Q4 25 | 23.2% | 37.3% | ||
| Q3 25 | 28.2% | 22.5% | ||
| Q2 25 | 31.2% | 38.4% | ||
| Q1 25 | 28.7% | 40.2% | ||
| Q4 24 | 28.1% | 39.0% | ||
| Q3 24 | 29.8% | 37.5% | ||
| Q2 24 | 31.1% | 41.4% | ||
| Q1 24 | 29.6% | 36.9% |
营业利润率OCSJM
| Q4 25 | -10.5% | 18.0% | ||
| Q3 25 | -12.2% | 2.2% | ||
| Q2 25 | 18.4% | -27.9% | ||
| Q1 25 | 16.1% | -27.2% | ||
| Q4 24 | -8.5% | 7.5% | ||
| Q3 24 | 16.7% | 16.4% | ||
| Q2 24 | 16.4% | 18.4% | ||
| Q1 24 | 17.5% | 13.3% |
净利率OCSJM
| Q4 25 | -13.9% | 10.4% | ||
| Q3 25 | -18.4% | -2.1% | ||
| Q2 25 | 13.2% | -34.0% | ||
| Q1 25 | -3.7% | -30.3% | ||
| Q4 24 | -9.1% | -1.1% | ||
| Q3 24 | 10.5% | 8.7% | ||
| Q2 24 | 10.2% | 11.1% | ||
| Q1 24 | 13.0% | 5.4% |
每股收益（稀释后）OCSJM
| Q4 25 | $-3.47 | $2.26 | ||
| Q3 25 | $-5.92 | $-0.41 | ||
| Q2 25 | $4.25 | $-6.86 | ||
| Q1 25 | $-1.08 | $-6.22 | ||
| Q4 24 | $-2.92 | $-0.23 | ||
| Q3 24 | $3.65 | $1.74 | ||
| Q2 24 | $3.24 | $2.31 | ||
| Q1 24 | $3.40 | $1.13 |
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 | $345.0M | — |
| 总债务越低越好 | $4.7B | $7.0B |
| 股东权益账面价值 | $3.9B | $6.1B |
| 总资产 | $13.0B | $17.6B |
| 负债/权益比越低杠杆越低 | 1.22× | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资OCSJM
| Q4 25 | $345.0M | — | ||
| Q3 25 | $286.0M | — | ||
| Q2 25 | $230.0M | — | ||
| Q1 25 | $400.0M | — | ||
| Q4 24 | $361.0M | — | ||
| Q3 24 | $499.0M | — | ||
| Q2 24 | $254.0M | — | ||
| Q1 24 | $1.3B | — |
总债务OCSJM
| Q4 25 | $4.7B | $7.0B | ||
| Q3 25 | $4.7B | $7.0B | ||
| Q2 25 | $5.1B | $7.0B | ||
| Q1 25 | $5.0B | $7.4B | ||
| Q4 24 | $5.1B | $7.8B | ||
| Q3 24 | $5.0B | $7.8B | ||
| Q2 24 | $5.0B | $7.8B | ||
| Q1 24 | $2.6B | $8.1B |
股东权益OCSJM
| Q4 25 | $3.9B | $6.1B | ||
| Q3 25 | $4.4B | $5.9B | ||
| Q2 25 | $5.2B | $6.1B | ||
| Q1 25 | $4.9B | $6.9B | ||
| Q4 24 | $5.1B | $7.6B | ||
| Q3 24 | $5.6B | $7.8B | ||
| Q2 24 | $5.5B | $7.7B | ||
| Q1 24 | $5.2B | $7.6B |
总资产OCSJM
| Q4 25 | $13.0B | $17.6B | ||
| Q3 25 | $13.5B | $17.7B | ||
| Q2 25 | $14.5B | $17.6B | ||
| Q1 25 | $14.3B | $18.4B | ||
| Q4 24 | $14.1B | $20.0B | ||
| Q3 24 | $15.1B | $20.3B | ||
| Q2 24 | $15.0B | $20.3B | ||
| Q1 24 | $11.3B | $20.2B |
负债/权益比OCSJM
| Q4 25 | 1.22× | 1.16× | ||
| Q3 25 | 1.06× | 1.19× | ||
| Q2 25 | 0.98× | 1.16× | ||
| Q1 25 | 1.03× | 1.07× | ||
| Q4 24 | 1.01× | 1.02× | ||
| Q3 24 | 0.89× | 1.00× | ||
| Q2 24 | 0.92× | 1.01× | ||
| Q1 24 | 0.51× | 1.07× |
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 | $590.0M | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $333.0M | $280.2M |
| 自由现金流率自由现金流/营收 | 15.5% | 12.0% |
| 资本支出强度资本支出/营收 | 12.0% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | $962.0M | $635.5M |
8季度趋势，按日历期对齐
经营现金流OCSJM
| Q4 25 | $590.0M | $346.5M | ||
| Q3 25 | $918.0M | $-10.6M | ||
| Q2 25 | $327.0M | $393.9M | ||
| Q1 25 | $-49.0M | $239.4M | ||
| Q4 24 | $676.0M | $404.2M | ||
| Q3 24 | $699.0M | $172.9M | ||
| Q2 24 | $493.0M | $428.1M | ||
| Q1 24 | $24.0M | $406.5M |
自由现金流OCSJM
| Q4 25 | $333.0M | $280.2M | ||
| Q3 25 | $752.0M | $-94.9M | ||
| Q2 25 | $129.0M | $298.9M | ||
| Q1 25 | $-252.0M | $151.3M | ||
| Q4 24 | $479.0M | $317.2M | ||
| Q3 24 | $558.0M | $49.2M | ||
| Q2 24 | $336.0M | $297.5M | ||
| Q1 24 | $-128.0M | $249.6M |
自由现金流率OCSJM
| Q4 25 | 15.5% | 12.0% | ||
| Q3 25 | 28.0% | -4.5% | ||
| Q2 25 | 4.7% | 13.9% | ||
| Q1 25 | -10.0% | 6.9% | ||
| Q4 24 | 16.9% | 14.0% | ||
| Q3 24 | 18.3% | 2.3% | ||
| Q2 24 | 12.0% | 13.5% | ||
| Q1 24 | -5.6% | 11.2% |
资本支出强度OCSJM
| Q4 25 | 12.0% | 2.8% | ||
| Q3 25 | 6.2% | 4.0% | ||
| Q2 25 | 7.2% | 4.4% | ||
| Q1 25 | 8.0% | 4.0% | ||
| Q4 24 | 6.9% | 3.8% | ||
| Q3 24 | 4.6% | 5.8% | ||
| Q2 24 | 5.6% | 5.9% | ||
| Q1 24 | 6.6% | 7.0% |
现金转化率OCSJM
| Q4 25 | — | 1.44× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.18× | 0.93× | ||
| Q2 24 | 1.73× | 1.75× | ||
| Q1 24 | 0.08× | 3.38× |
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
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
