vs
北极星（PII）与SEABOARD CORP（SEB）财务数据对比。点击上方公司名可切换其他公司
SEABOARD CORP的季度营收约是北极星的1.5倍（$2.4B vs $1.7B），SEABOARD CORP净利率更高（10.6% vs -2.8%，领先13.4%），北极星同比增速更快（8.0% vs -2.9%），SEABOARD CORP自由现金流更多（$53.0M vs $-342.5M），过去两年SEABOARD CORP的营收复合增速更高（4.9% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
PII vs SEB — 直观对比
营收规模更大
SEB
是对方的1.5倍
$1.7B
营收增速更快
PII
高出10.9%
-2.9%
净利率更高
SEB
高出13.4%
-2.8%
自由现金流更多
SEB
多$395.5M
$-342.5M
两年增速更快
SEB
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.4B |
| 净利润 | $-47.2M | $255.0M |
| 毛利率 | 20.2% | 7.9% |
| 营业利润率 | — | 2.7% |
| 净利率 | -2.8% | 10.6% |
| 营收同比 | 8.0% | -2.9% |
| 净利润同比 | 29.2% | 63.5% |
| 每股收益（稀释后） | $-0.83 | $262.58 |
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PIISEB
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $1.8B | $2.5B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.5B | $2.3B | ||
| Q4 24 | $1.8B | $2.5B | ||
| Q3 24 | $1.7B | $2.2B | ||
| Q2 24 | $2.0B | $2.2B |
净利润PIISEB
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $255.0M | ||
| Q3 25 | $-15.8M | $110.0M | ||
| Q2 25 | $-79.3M | $104.0M | ||
| Q1 25 | $-66.8M | $32.0M | ||
| Q4 24 | $10.6M | $156.0M | ||
| Q3 24 | $27.7M | $-149.0M | ||
| Q2 24 | $68.7M | $61.0M |
毛利率PIISEB
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | 7.9% | ||
| Q3 25 | 20.7% | 7.8% | ||
| Q2 25 | 19.4% | 6.5% | ||
| Q1 25 | 16.0% | 6.1% | ||
| Q4 24 | 20.4% | 9.0% | ||
| Q3 24 | 20.6% | 6.2% | ||
| Q2 24 | 21.6% | 5.8% |
营业利润率PIISEB
| Q1 26 | — | — | ||
| Q4 25 | -16.7% | 2.7% | ||
| Q3 25 | 1.1% | 3.3% | ||
| Q2 25 | -0.7% | 2.1% | ||
| Q1 25 | -2.4% | 1.6% | ||
| Q4 24 | 3.7% | 4.6% | ||
| Q3 24 | 3.8% | 1.4% | ||
| Q2 24 | 6.1% | 1.4% |
净利率PIISEB
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 10.6% | ||
| Q3 25 | -0.9% | 4.3% | ||
| Q2 25 | -4.3% | 4.2% | ||
| Q1 25 | -4.3% | 1.4% | ||
| Q4 24 | 0.6% | 6.3% | ||
| Q3 24 | 1.6% | -6.7% | ||
| Q2 24 | 3.5% | 2.8% |
每股收益（稀释后）PIISEB
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $262.58 | ||
| Q3 25 | $-0.28 | $113.71 | ||
| Q2 25 | $-1.39 | $105.22 | ||
| Q1 25 | $-1.17 | $32.95 | ||
| Q4 24 | $0.18 | $158.58 | ||
| Q3 24 | $0.49 | $-153.44 | ||
| Q2 24 | $1.21 | $62.82 |
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 | $282.0M | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $750.4M | $5.2B |
| 总资产 | $5.2B | $8.2B |
| 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PIISEB
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $1.2B | ||
| Q3 25 | $335.5M | $1.2B | ||
| Q2 25 | $324.3M | $1.1B | ||
| Q1 25 | $291.7M | $1.1B | ||
| Q4 24 | $287.8M | $1.2B | ||
| Q3 24 | $291.3M | $1.2B | ||
| Q2 24 | $322.7M | $1.2B |
总债务PIISEB
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $2.1B | — |
股东权益PIISEB
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $5.2B | ||
| Q3 25 | $1.1B | $5.0B | ||
| Q2 25 | $1.2B | $4.8B | ||
| Q1 25 | $1.2B | $4.7B | ||
| Q4 24 | $1.3B | $4.7B | ||
| Q3 24 | $1.3B | $4.5B | ||
| Q2 24 | $1.3B | $4.7B |
总资产PIISEB
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $8.2B | ||
| Q3 25 | $5.3B | $8.0B | ||
| Q2 25 | $5.4B | $7.9B | ||
| Q1 25 | $5.5B | $7.6B | ||
| Q4 24 | $5.5B | $7.7B | ||
| Q3 24 | $5.6B | $7.5B | ||
| Q2 24 | $5.7B | $7.7B |
负债/权益比PIISEB
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.56× | — |
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 | — | $188.0M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $53.0M |
| 自由现金流率自由现金流/营收 | -20.6% | 2.2% |
| 资本支出强度资本支出/营收 | — | 5.6% |
| 现金转化率经营现金流/净利润 | — | 0.74× |
| 过去12个月自由现金流最近4个季度 | $168.0M | $6.0M |
8季度趋势，按日历期对齐
经营现金流PIISEB
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $188.0M | ||
| Q3 25 | $158.8M | $319.0M | ||
| Q2 25 | $320.3M | $81.0M | ||
| Q1 25 | $83.2M | $-20.0M | ||
| Q4 24 | $206.3M | $300.0M | ||
| Q3 24 | $21.0M | $194.0M | ||
| Q2 24 | $146.3M | $6.0M |
自由现金流PIISEB
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $53.0M | ||
| Q3 25 | $116.7M | $152.0M | ||
| Q2 25 | $279.8M | $-70.0M | ||
| Q1 25 | $47.6M | $-129.0M | ||
| Q4 24 | $137.3M | $162.0M | ||
| Q3 24 | $-32.4M | $58.0M | ||
| Q2 24 | $79.1M | $-127.0M |
自由现金流率PIISEB
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 2.2% | ||
| Q3 25 | 6.3% | 6.0% | ||
| Q2 25 | 15.1% | -2.8% | ||
| Q1 25 | 3.1% | -5.6% | ||
| Q4 24 | 7.8% | 6.5% | ||
| Q3 24 | -1.9% | 2.6% | ||
| Q2 24 | 4.0% | -5.7% |
资本支出强度PIISEB
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 5.6% | ||
| Q3 25 | 2.3% | 6.6% | ||
| Q2 25 | 2.2% | 6.1% | ||
| Q1 25 | 2.3% | 4.7% | ||
| Q4 24 | 3.9% | 5.6% | ||
| Q3 24 | 3.1% | 6.1% | ||
| Q2 24 | 3.4% | 6.0% |
现金转化率PIISEB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 2.90× | ||
| Q2 25 | — | 0.78× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | 19.46× | 1.92× | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 2.13× | 0.10× |
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
PII
暂无分部数据
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
