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帕卡（PCAR）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
帕卡的季度营收约是史密斯菲尔德食品的1.8倍（$6.8B vs $3.8B），帕卡净利率更高（8.2% vs 6.6%，领先1.6%），史密斯菲尔德食品同比增速更快（0.8% vs -13.7%），过去两年史密斯菲尔德食品的营收复合增速更高（5.5% vs -11.7%）
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
PCAR vs SFD — 直观对比
营收规模更大
PCAR
是对方的1.8倍
$3.8B
营收增速更快
SFD
高出14.5%
-13.7%
净利率更高
PCAR
高出1.6%
6.6%
两年增速更快
SFD
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $3.8B |
| 净利润 | $556.9M | $249.0M |
| 毛利率 | 19.3% | 13.4% |
| 营业利润率 | 10.3% | 8.8% |
| 净利率 | 8.2% | 6.6% |
| 营收同比 | -13.7% | 0.8% |
| 净利润同比 | -36.1% | 9.7% |
| 每股收益（稀释后） | $1.06 | — |
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PCARSFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $6.8B | $4.2B | ||
| Q3 25 | $6.7B | $3.7B | ||
| Q2 25 | $7.5B | $3.8B | ||
| Q1 25 | $7.4B | $3.8B | ||
| Q4 24 | $7.9B | $4.0B | ||
| Q3 24 | $8.2B | $3.3B | ||
| Q2 24 | $8.8B | $3.4B |
净利润PCARSFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $556.9M | $327.0M | ||
| Q3 25 | $590.0M | $248.0M | ||
| Q2 25 | $723.8M | $188.0M | ||
| Q1 25 | $505.1M | $224.0M | ||
| Q4 24 | $872.0M | $205.0M | ||
| Q3 24 | $972.1M | $291.0M | ||
| Q2 24 | $1.1B | $301.0M |
毛利率PCARSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | 19.3% | 14.2% | ||
| Q3 25 | 19.9% | 12.8% | ||
| Q2 25 | 20.2% | 13.2% | ||
| Q1 25 | 20.8% | 13.5% | ||
| Q4 24 | 21.6% | 13.5% | ||
| Q3 24 | 22.0% | 14.3% | ||
| Q2 24 | 22.8% | 15.4% |
营业利润率PCARSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 10.3% | 9.5% | ||
| Q3 25 | 11.1% | 8.3% | ||
| Q2 25 | 12.4% | 6.9% | ||
| Q1 25 | 8.6% | 8.5% | ||
| Q4 24 | 14.5% | 8.5% | ||
| Q3 24 | 15.2% | 8.5% | ||
| Q2 24 | 16.7% | 9.8% |
净利率PCARSFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 8.2% | 7.7% | ||
| Q3 25 | 8.8% | 6.6% | ||
| Q2 25 | 9.6% | 5.0% | ||
| Q1 25 | 6.8% | 5.9% | ||
| Q4 24 | 11.0% | 5.2% | ||
| Q3 24 | 11.8% | 8.7% | ||
| Q2 24 | 12.8% | 8.8% |
每股收益（稀释后）PCARSFD
| Q1 26 | — | — | ||
| Q4 25 | $1.06 | $0.83 | ||
| Q3 25 | $1.12 | $0.63 | ||
| Q2 25 | $1.37 | $0.48 | ||
| Q1 25 | $0.96 | $0.57 | ||
| Q4 24 | $1.65 | $0.54 | ||
| Q3 24 | $1.85 | $0.77 | ||
| Q2 24 | $2.13 | $0.79 |
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 | — | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $19.3B | $6.9B |
| 总资产 | $44.3B | $12.0B |
| 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PCARSFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务PCARSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PCARSFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $19.3B | $6.8B | ||
| Q3 25 | $19.4B | $6.5B | ||
| Q2 25 | $18.9B | $6.3B | ||
| Q1 25 | $18.0B | $6.2B | ||
| Q4 24 | $17.5B | $5.8B | ||
| Q3 24 | $18.7B | — | ||
| Q2 24 | $17.7B | — |
总资产PCARSFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $44.3B | $12.2B | ||
| Q3 25 | $44.2B | $11.5B | ||
| Q2 25 | $44.1B | $11.2B | ||
| Q1 25 | $42.7B | $11.1B | ||
| Q4 24 | $43.4B | $11.1B | ||
| Q3 24 | $43.3B | — | ||
| Q2 24 | $41.2B | — |
负债/权益比PCARSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $1.1B | — |
| 自由现金流经营现金流 - 资本支出 | $954.4M | — |
| 自由现金流率自由现金流/营收 | 14.0% | — |
| 资本支出强度资本支出/营收 | 2.8% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.05× | — |
| 过去12个月自由现金流最近4个季度 | $3.7B | — |
8季度趋势，按日历期对齐
经营现金流PCARSFD
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $938.0M | ||
| Q3 25 | $1.5B | $13.0M | ||
| Q2 25 | $833.4M | $274.0M | ||
| Q1 25 | $910.3M | $-166.0M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $440.0M | — |
自由现金流PCARSFD
| Q1 26 | — | — | ||
| Q4 25 | $954.4M | $842.0M | ||
| Q3 25 | $1.4B | $-75.0M | ||
| Q2 25 | $611.3M | $196.0M | ||
| Q1 25 | $745.2M | $-245.0M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $219.7M | — |
自由现金流率PCARSFD
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 19.9% | ||
| Q3 25 | 20.4% | -2.0% | ||
| Q2 25 | 8.1% | 5.2% | ||
| Q1 25 | 10.0% | -6.5% | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 13.3% | — | ||
| Q2 24 | 2.5% | — |
资本支出强度PCARSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 2.8% | 2.3% | ||
| Q3 25 | 2.5% | 2.3% | ||
| Q2 25 | 3.0% | 2.1% | ||
| Q1 25 | 2.2% | 2.1% | ||
| Q4 24 | 3.0% | 2.1% | ||
| Q3 24 | 2.4% | 2.8% | ||
| Q2 24 | 2.5% | 2.3% |
现金转化率PCARSFD
| Q1 26 | — | — | ||
| Q4 25 | 2.05× | 2.87× | ||
| Q3 25 | 2.59× | 0.05× | ||
| Q2 25 | 1.15× | 1.46× | ||
| Q1 25 | 1.80× | -0.74× | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 0.39× | — |
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
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
SFD
暂无分部数据
