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百事公司（PFGC）与UNITED NATURAL FOODS INC（UNFI）财务数据对比。点击上方公司名可切换其他公司
百事公司的季度营收约是UNITED NATURAL FOODS INC的2.1倍（$16.4B vs $7.8B）。百事公司净利率更高（0.4% vs -0.1%，领先0.4%）。百事公司同比增速更快（5.2% vs -0.4%）。百事公司自由现金流更多（$487.8M vs $-54.0M）。过去两年百事公司的营收复合增速更高（8.9% vs 2.3%）
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。
联合天然食品公司（UNFI）总部位于美国罗德岛州普罗维登斯，是北美知名的天然有机食品企业，也是美国和加拿大规模最大的上市健康及特色食品批发经销商，是全食超市的核心供应商，2018年来自全食的业务收入占其总营收的三分之一以上。
PFGC vs UNFI — 直观对比
营收规模更大
PFGC
是对方的2.1倍
$7.8B
营收增速更快
PFGC
高出5.6%
-0.4%
净利率更高
PFGC
高出0.4%
-0.1%
自由现金流更多
PFGC
多$541.8M
$-54.0M
两年增速更快
PFGC
近两年复合增速
2.3%
损益表 — Q2 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $16.4B | $7.8B |
| 净利润 | $61.7M | $-4.0M |
| 毛利率 | 12.0% | 13.4% |
| 营业利润率 | 1.2% | 0.2% |
| 净利率 | 0.4% | -0.1% |
| 营收同比 | 5.2% | -0.4% |
| 净利润同比 | 45.5% | 81.0% |
| 每股收益（稀释后） | $0.39 | $-0.06 |
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PFGCUNFI
| Q4 25 | $16.4B | $7.8B | ||
| Q3 25 | $17.1B | $7.7B | ||
| Q2 25 | $16.9B | $8.1B | ||
| Q1 25 | $15.3B | $8.2B | ||
| Q4 24 | $15.6B | $7.9B | ||
| Q3 24 | $15.4B | $8.2B | ||
| Q2 24 | $15.2B | $7.5B | ||
| Q1 24 | $13.9B | — |
净利润PFGCUNFI
| Q4 25 | $61.7M | $-4.0M | ||
| Q3 25 | $93.6M | $-87.0M | ||
| Q2 25 | $131.5M | $-7.0M | ||
| Q1 25 | $58.3M | $-3.0M | ||
| Q4 24 | $42.4M | $-21.0M | ||
| Q3 24 | $108.0M | $-37.0M | ||
| Q2 24 | $166.5M | $-21.0M | ||
| Q1 24 | $70.4M | — |
毛利率PFGCUNFI
| Q4 25 | 12.0% | 13.4% | ||
| Q3 25 | 11.8% | 13.4% | ||
| Q2 25 | 11.8% | 13.4% | ||
| Q1 25 | 11.9% | 13.1% | ||
| Q4 24 | 11.7% | 13.2% | ||
| Q3 24 | 11.4% | 13.7% | ||
| Q2 24 | 11.5% | 13.6% | ||
| Q1 24 | 11.3% | — |
营业利润率PFGCUNFI
| Q4 25 | 1.2% | 0.2% | ||
| Q3 25 | 1.3% | -1.0% | ||
| Q2 25 | 1.6% | 0.2% | ||
| Q1 25 | 1.1% | 0.3% | ||
| Q4 24 | 1.0% | 0.1% | ||
| Q3 24 | 1.4% | 0.0% | ||
| Q2 24 | 1.9% | 0.1% | ||
| Q1 24 | 1.1% | — |
净利率PFGCUNFI
| Q4 25 | 0.4% | -0.1% | ||
| Q3 25 | 0.5% | -1.1% | ||
| Q2 25 | 0.8% | -0.1% | ||
| Q1 25 | 0.4% | -0.0% | ||
| Q4 24 | 0.3% | -0.3% | ||
| Q3 24 | 0.7% | -0.5% | ||
| Q2 24 | 1.1% | -0.3% | ||
| Q1 24 | 0.5% | — |
每股收益（稀释后）PFGCUNFI
| Q4 25 | $0.39 | $-0.06 | ||
| Q3 25 | $0.60 | $-1.43 | ||
| Q2 25 | $0.85 | $-0.12 | ||
| Q1 25 | $0.37 | $-0.05 | ||
| Q4 24 | $0.27 | $-0.35 | ||
| Q3 24 | $0.69 | $-0.63 | ||
| Q2 24 | $1.07 | $-0.34 | ||
| Q1 24 | $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 | — | $38.0M |
| 总债务越低越好 | $5.3B | $1.9B |
| 股东权益账面价值 | $4.6B | $1.5B |
| 总资产 | $18.2B | $7.6B |
| 负债/权益比越低杠杆越低 | 1.13× | 1.24× |
8季度趋势，按日历期对齐
现金及短期投资PFGCUNFI
| Q4 25 | — | $38.0M | ||
| Q3 25 | — | $44.0M | ||
| Q2 25 | — | $52.0M | ||
| Q1 25 | — | $44.0M | ||
| Q4 24 | — | $37.0M | ||
| Q3 24 | — | $40.0M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | — |
总债务PFGCUNFI
| Q4 25 | $5.3B | $1.9B | ||
| Q3 25 | $5.6B | $1.9B | ||
| Q2 25 | $5.4B | $2.0B | ||
| Q1 25 | $5.4B | $2.1B | ||
| Q4 24 | $5.7B | $2.2B | ||
| Q3 24 | $3.9B | $2.1B | ||
| Q2 24 | $3.2B | $2.1B | ||
| Q1 24 | $3.2B | — |
股东权益PFGCUNFI
| Q4 25 | $4.6B | $1.5B | ||
| Q3 25 | $4.6B | $1.6B | ||
| Q2 25 | $4.5B | $1.6B | ||
| Q1 25 | $4.3B | $1.6B | ||
| Q4 24 | $4.3B | $1.6B | ||
| Q3 24 | $4.2B | $1.6B | ||
| Q2 24 | $4.1B | $1.7B | ||
| Q1 24 | $4.0B | — |
总资产PFGCUNFI
| Q4 25 | $18.2B | $7.6B | ||
| Q3 25 | $18.4B | $7.6B | ||
| Q2 25 | $17.9B | $7.6B | ||
| Q1 25 | $17.1B | $7.7B | ||
| Q4 24 | $17.1B | $8.0B | ||
| Q3 24 | $14.4B | $7.5B | ||
| Q2 24 | $13.4B | $7.6B | ||
| Q1 24 | $12.9B | — |
负债/权益比PFGCUNFI
| Q4 25 | 1.13× | 1.24× | ||
| Q3 25 | 1.23× | 1.20× | ||
| Q2 25 | 1.20× | 1.21× | ||
| Q1 25 | 1.25× | 1.27× | ||
| Q4 24 | 1.34× | 1.38× | ||
| Q3 24 | 0.93× | 1.27× | ||
| Q2 24 | 0.78× | 1.28× | ||
| Q1 24 | 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 | $601.2M | $-38.0M |
| 自由现金流经营现金流 - 资本支出 | $487.8M | $-54.0M |
| 自由现金流率自由现金流/营收 | 3.0% | -0.7% |
| 资本支出强度资本支出/营收 | 0.7% | 0.2% |
| 现金转化率经营现金流/净利润 | 9.74× | — |
| 过去12个月自由现金流最近4个季度 | $792.7M | $344.0M |
8季度趋势，按日历期对齐
经营现金流PFGCUNFI
| Q4 25 | $601.2M | $-38.0M | ||
| Q3 25 | $-145.2M | $160.0M | ||
| Q2 25 | $383.0M | $173.0M | ||
| Q1 25 | $448.1M | $247.0M | ||
| Q4 24 | $325.5M | $-110.0M | ||
| Q3 24 | $53.5M | $199.0M | ||
| Q2 24 | $206.3M | $125.0M | ||
| Q1 24 | $402.7M | — |
自由现金流PFGCUNFI
| Q4 25 | $487.8M | $-54.0M | ||
| Q3 25 | $-224.1M | $86.0M | ||
| Q2 25 | $209.7M | $119.0M | ||
| Q1 25 | $319.3M | $193.0M | ||
| Q4 24 | $218.1M | $-159.0M | ||
| Q3 24 | $-43.0M | $71.0M | ||
| Q2 24 | $55.1M | $49.0M | ||
| Q1 24 | $305.4M | — |
自由现金流率PFGCUNFI
| Q4 25 | 3.0% | -0.7% | ||
| Q3 25 | -1.3% | 1.1% | ||
| Q2 25 | 1.2% | 1.5% | ||
| Q1 25 | 2.1% | 2.4% | ||
| Q4 24 | 1.4% | -2.0% | ||
| Q3 24 | -0.3% | 0.9% | ||
| Q2 24 | 0.4% | 0.7% | ||
| Q1 24 | 2.2% | — |
资本支出强度PFGCUNFI
| Q4 25 | 0.7% | 0.2% | ||
| Q3 25 | 0.5% | 1.0% | ||
| Q2 25 | 1.0% | 0.7% | ||
| Q1 25 | 0.8% | 0.7% | ||
| Q4 24 | 0.7% | 0.6% | ||
| Q3 24 | 0.6% | 1.6% | ||
| Q2 24 | 1.0% | 1.0% | ||
| Q1 24 | 0.7% | — |
现金转化率PFGCUNFI
| Q4 25 | 9.74× | — | ||
| Q3 25 | -1.55× | — | ||
| Q2 25 | 2.91× | — | ||
| Q1 25 | 7.69× | — | ||
| Q4 24 | 7.68× | — | ||
| Q3 24 | 0.50× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 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
PFGC
| Foodservice | $8.8B | 54% |
| Convenience | $6.3B | 38% |
| Specialty | $1.3B | 8% |
UNFI
| Natural Segment | $4.3B | 55% |
| Conventional Segment | $3.1B | 40% |
| Retail Segment | $560.0M | 7% |
