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北极星（PII）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)的季度营收约是北极星的1.4倍（$2.3B vs $1.7B），J.M. Smucker Company (The)净利率更高（10.4% vs -2.8%，领先13.2%），北极星同比增速更快（8.0% vs 2.6%），J.M. Smucker Company (The)自由现金流更多（$280.2M vs $-342.5M），过去两年J.M. Smucker Company (The)的营收复合增速更高（2.2% 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。
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。
PII vs SJM — 直观对比
营收规模更大
SJM
是对方的1.4倍
$1.7B
营收增速更快
PII
高出5.4%
2.6%
净利率更高
SJM
高出13.2%
-2.8%
自由现金流更多
SJM
多$622.7M
$-342.5M
两年增速更快
SJM
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.3B |
| 净利润 | $-47.2M | $241.3M |
| 毛利率 | 20.2% | 37.3% |
| 营业利润率 | — | 18.0% |
| 净利率 | -2.8% | 10.4% |
| 营收同比 | 8.0% | 2.6% |
| 净利润同比 | 29.2% | 1084.9% |
| 每股收益（稀释后） | $-0.83 | $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PIISJM
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $2.3B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.5B | $2.2B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.7B | $2.1B | ||
| Q2 24 | $2.0B | $2.2B |
净利润PIISJM
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $241.3M | ||
| Q3 25 | $-15.8M | $-43.9M | ||
| Q2 25 | $-79.3M | $-729.0M | ||
| Q1 25 | $-66.8M | $-662.3M | ||
| Q4 24 | $10.6M | $-24.5M | ||
| Q3 24 | $27.7M | $185.0M | ||
| Q2 24 | $68.7M | $245.1M |
毛利率PIISJM
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | 37.3% | ||
| Q3 25 | 20.7% | 22.5% | ||
| Q2 25 | 19.4% | 38.4% | ||
| Q1 25 | 16.0% | 40.2% | ||
| Q4 24 | 20.4% | 39.0% | ||
| Q3 24 | 20.6% | 37.5% | ||
| Q2 24 | 21.6% | 41.4% |
营业利润率PIISJM
| Q1 26 | — | — | ||
| Q4 25 | -16.7% | 18.0% | ||
| Q3 25 | 1.1% | 2.2% | ||
| Q2 25 | -0.7% | -27.9% | ||
| Q1 25 | -2.4% | -27.2% | ||
| Q4 24 | 3.7% | 7.5% | ||
| Q3 24 | 3.8% | 16.4% | ||
| Q2 24 | 6.1% | 18.4% |
净利率PIISJM
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 10.4% | ||
| Q3 25 | -0.9% | -2.1% | ||
| Q2 25 | -4.3% | -34.0% | ||
| Q1 25 | -4.3% | -30.3% | ||
| Q4 24 | 0.6% | -1.1% | ||
| Q3 24 | 1.6% | 8.7% | ||
| Q2 24 | 3.5% | 11.1% |
每股收益（稀释后）PIISJM
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $2.26 | ||
| Q3 25 | $-0.28 | $-0.41 | ||
| Q2 25 | $-1.39 | $-6.86 | ||
| Q1 25 | $-1.17 | $-6.22 | ||
| Q4 24 | $0.18 | $-0.23 | ||
| Q3 24 | $0.49 | $1.74 | ||
| Q2 24 | $1.21 | $2.31 |
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 | — |
| 总债务越低越好 | — | $7.0B |
| 股东权益账面价值 | $750.4M | $6.1B |
| 总资产 | $5.2B | $17.6B |
| 负债/权益比越低杠杆越低 | — | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资PIISJM
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | — | ||
| Q3 25 | $335.5M | — | ||
| Q2 25 | $324.3M | — | ||
| Q1 25 | $291.7M | — | ||
| Q4 24 | $287.8M | — | ||
| Q3 24 | $291.3M | — | ||
| Q2 24 | $322.7M | — |
总债务PIISJM
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $7.0B | ||
| Q3 25 | $1.3B | $7.0B | ||
| Q2 25 | $1.4B | $7.0B | ||
| Q1 25 | $1.6B | $7.4B | ||
| Q4 24 | $1.6B | $7.8B | ||
| Q3 24 | $1.7B | $7.8B | ||
| Q2 24 | $2.1B | $7.8B |
股东权益PIISJM
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $6.1B | ||
| Q3 25 | $1.1B | $5.9B | ||
| Q2 25 | $1.2B | $6.1B | ||
| Q1 25 | $1.2B | $6.9B | ||
| Q4 24 | $1.3B | $7.6B | ||
| Q3 24 | $1.3B | $7.8B | ||
| Q2 24 | $1.3B | $7.7B |
总资产PIISJM
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $17.6B | ||
| Q3 25 | $5.3B | $17.7B | ||
| Q2 25 | $5.4B | $17.6B | ||
| Q1 25 | $5.5B | $18.4B | ||
| Q4 24 | $5.5B | $20.0B | ||
| Q3 24 | $5.6B | $20.3B | ||
| Q2 24 | $5.7B | $20.3B |
负债/权益比PIISJM
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 1.16× | ||
| Q3 25 | 1.13× | 1.19× | ||
| Q2 25 | 1.17× | 1.16× | ||
| Q1 25 | 1.32× | 1.07× | ||
| Q4 24 | 1.27× | 1.02× | ||
| Q3 24 | 1.29× | 1.00× | ||
| Q2 24 | 1.56× | 1.01× |
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 | — | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $280.2M |
| 自由现金流率自由现金流/营收 | -20.6% | 12.0% |
| 资本支出强度资本支出/营收 | — | 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 | $168.0M | $635.5M |
8季度趋势，按日历期对齐
经营现金流PIISJM
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $346.5M | ||
| Q3 25 | $158.8M | $-10.6M | ||
| Q2 25 | $320.3M | $393.9M | ||
| Q1 25 | $83.2M | $239.4M | ||
| Q4 24 | $206.3M | $404.2M | ||
| Q3 24 | $21.0M | $172.9M | ||
| Q2 24 | $146.3M | $428.1M |
自由现金流PIISJM
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $280.2M | ||
| Q3 25 | $116.7M | $-94.9M | ||
| Q2 25 | $279.8M | $298.9M | ||
| Q1 25 | $47.6M | $151.3M | ||
| Q4 24 | $137.3M | $317.2M | ||
| Q3 24 | $-32.4M | $49.2M | ||
| Q2 24 | $79.1M | $297.5M |
自由现金流率PIISJM
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 12.0% | ||
| Q3 25 | 6.3% | -4.5% | ||
| Q2 25 | 15.1% | 13.9% | ||
| Q1 25 | 3.1% | 6.9% | ||
| Q4 24 | 7.8% | 14.0% | ||
| Q3 24 | -1.9% | 2.3% | ||
| Q2 24 | 4.0% | 13.5% |
资本支出强度PIISJM
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 2.8% | ||
| Q3 25 | 2.3% | 4.0% | ||
| Q2 25 | 2.2% | 4.4% | ||
| Q1 25 | 2.3% | 4.0% | ||
| Q4 24 | 3.9% | 3.8% | ||
| Q3 24 | 3.1% | 5.8% | ||
| Q2 24 | 3.4% | 5.9% |
现金转化率PIISJM
| Q1 26 | — | — | ||
| Q4 25 | — | 1.44× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 19.46× | — | ||
| Q3 24 | 0.76× | 0.93× | ||
| Q2 24 | 2.13× | 1.75× |
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
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% |
