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PILGRIMS PRIDE CORP（PPC）与贝宝（PYPL）财务数据对比。点击上方公司名可切换其他公司
贝宝的季度营收约是PILGRIMS PRIDE CORP的1.9倍（$8.7B vs $4.5B），贝宝净利率更高（16.6% vs 1.9%，领先14.6%），贝宝同比增速更快（3.7% vs 3.3%），贝宝自由现金流更多（$2.2B vs $10.0M），过去两年贝宝的营收复合增速更高（6.2% vs 1.8%）
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
贝宝控股（PayPal Holdings, Inc.）是美国跨国金融科技企业，在全球多数支持线上转账的国家运营在线支付系统，可作为支票、汇票等传统纸质支付方式的电子替代选项，同时为线上商户、拍卖网站及各类商业用户提供支付处理服务。
PPC vs PYPL — 直观对比
营收规模更大
PYPL
是对方的1.9倍
$4.5B
营收增速更快
PYPL
高出0.4%
3.3%
净利率更高
PYPL
高出14.6%
1.9%
自由现金流更多
PYPL
多$2.2B
$10.0M
两年增速更快
PYPL
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $8.7B |
| 净利润 | $88.0M | $1.4B |
| 毛利率 | 9.5% | — |
| 营业利润率 | 4.5% | 17.4% |
| 净利率 | 1.9% | 16.6% |
| 营收同比 | 3.3% | 3.7% |
| 净利润同比 | -62.7% | 28.2% |
| 每股收益（稀释后） | $0.37 | $1.53 |
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PPCPYPL
| Q4 25 | $4.5B | $8.7B | ||
| Q3 25 | $4.8B | $8.4B | ||
| Q2 25 | $4.8B | $8.3B | ||
| Q1 25 | $4.5B | $7.8B | ||
| Q4 24 | $4.4B | $8.4B | ||
| Q3 24 | $4.6B | $7.8B | ||
| Q2 24 | $4.6B | $7.9B | ||
| Q1 24 | $4.4B | $7.7B |
净利润PPCPYPL
| Q4 25 | $88.0M | $1.4B | ||
| Q3 25 | $342.8M | $1.2B | ||
| Q2 25 | $355.5M | $1.3B | ||
| Q1 25 | $296.0M | $1.3B | ||
| Q4 24 | $235.9M | $1.1B | ||
| Q3 24 | $349.9M | $1.0B | ||
| Q2 24 | $326.3M | $1.1B | ||
| Q1 24 | $174.4M | $888.0M |
毛利率PPCPYPL
| Q4 25 | 9.5% | — | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | 8.8% | — |
营业利润率PPCPYPL
| Q4 25 | 4.5% | 17.4% | ||
| Q3 25 | 10.4% | 18.1% | ||
| Q2 25 | 10.8% | 18.1% | ||
| Q1 25 | 9.1% | 19.6% | ||
| Q4 24 | 7.0% | 17.2% | ||
| Q3 24 | 11.1% | 17.7% | ||
| Q2 24 | 9.7% | 16.8% | ||
| Q1 24 | 5.7% | 15.2% |
净利率PPCPYPL
| Q4 25 | 1.9% | 16.6% | ||
| Q3 25 | 7.2% | 14.8% | ||
| Q2 25 | 7.5% | 15.2% | ||
| Q1 25 | 6.6% | 16.5% | ||
| Q4 24 | 5.4% | 13.4% | ||
| Q3 24 | 7.6% | 12.9% | ||
| Q2 24 | 7.2% | 14.3% | ||
| Q1 24 | 4.0% | 11.5% |
每股收益（稀释后）PPCPYPL
| Q4 25 | $0.37 | $1.53 | ||
| Q3 25 | $1.44 | $1.30 | ||
| Q2 25 | $1.49 | $1.29 | ||
| Q1 25 | $1.24 | $1.29 | ||
| Q4 24 | $1.00 | $1.09 | ||
| Q3 24 | $1.47 | $0.99 | ||
| Q2 24 | $1.37 | $1.08 | ||
| Q1 24 | $0.73 | $0.83 |
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 | $640.2M | $10.4B |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $3.7B | $20.3B |
| 总资产 | $10.3B | $80.2B |
| 负债/权益比越低杠杆越低 | 0.84× | — |
8季度趋势，按日历期对齐
现金及短期投资PPCPYPL
| Q4 25 | $640.2M | $10.4B | ||
| Q3 25 | $612.6M | $10.8B | ||
| Q2 25 | $849.0M | $10.0B | ||
| Q1 25 | $2.1B | $11.2B | ||
| Q4 24 | $2.0B | $10.8B | ||
| Q3 24 | $1.9B | $11.9B | ||
| Q2 24 | $1.3B | $13.6B | ||
| Q1 24 | $870.8M | $14.3B |
总债务PPCPYPL
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.3B | — |
股东权益PPCPYPL
| Q4 25 | $3.7B | $20.3B | ||
| Q3 25 | $3.5B | $20.2B | ||
| Q2 25 | $3.7B | $20.2B | ||
| Q1 25 | $3.1B | $20.3B | ||
| Q4 24 | $4.2B | $20.4B | ||
| Q3 24 | $4.2B | $20.2B | ||
| Q2 24 | $3.7B | $20.6B | ||
| Q1 24 | $3.5B | $20.7B |
总资产PPCPYPL
| Q4 25 | $10.3B | $80.2B | ||
| Q3 25 | $10.0B | $79.8B | ||
| Q2 25 | $10.1B | $79.8B | ||
| Q1 25 | $11.0B | $81.3B | ||
| Q4 24 | $10.7B | $81.6B | ||
| Q3 24 | $10.7B | $83.5B | ||
| Q2 24 | $10.1B | $84.0B | ||
| Q1 24 | $9.8B | $83.3B |
负债/权益比PPCPYPL
| Q4 25 | 0.84× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.83× | — | ||
| Q1 25 | 1.02× | — | ||
| Q4 24 | 0.76× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 0.96× | — |
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 | $291.2M | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $10.0M | $2.2B |
| 自由现金流率自由现金流/营收 | 0.2% | 25.2% |
| 资本支出强度资本支出/营收 | 6.2% | 2.2% |
| 现金转化率经营现金流/净利润 | 3.31× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $653.1M | $5.6B |
8季度趋势，按日历期对齐
经营现金流PPCPYPL
| Q4 25 | $291.2M | $2.4B | ||
| Q3 25 | $458.3M | $2.0B | ||
| Q2 25 | $495.2M | $898.0M | ||
| Q1 25 | $126.9M | $1.2B | ||
| Q4 24 | $349.3M | $2.4B | ||
| Q3 24 | $651.1M | $1.6B | ||
| Q2 24 | $718.6M | $1.5B | ||
| Q1 24 | $271.0M | $1.9B |
自由现金流PPCPYPL
| Q4 25 | $10.0M | $2.2B | ||
| Q3 25 | $275.9M | $1.7B | ||
| Q2 25 | $339.1M | $692.0M | ||
| Q1 25 | $28.1M | $964.0M | ||
| Q4 24 | $176.6M | $2.2B | ||
| Q3 24 | $565.3M | $1.4B | ||
| Q2 24 | $617.7M | $1.4B | ||
| Q1 24 | $171.9M | $1.8B |
自由现金流率PPCPYPL
| Q4 25 | 0.2% | 25.2% | ||
| Q3 25 | 5.8% | 20.4% | ||
| Q2 25 | 7.1% | 8.3% | ||
| Q1 25 | 0.6% | 12.4% | ||
| Q4 24 | 4.0% | 26.2% | ||
| Q3 24 | 12.3% | 18.4% | ||
| Q2 24 | 13.5% | 17.3% | ||
| Q1 24 | 3.9% | 22.9% |
资本支出强度PPCPYPL
| Q4 25 | 6.2% | 2.2% | ||
| Q3 25 | 3.8% | 3.0% | ||
| Q2 25 | 3.3% | 2.5% | ||
| Q1 25 | 2.2% | 2.5% | ||
| Q4 24 | 4.0% | 2.4% | ||
| Q3 24 | 1.9% | 2.2% | ||
| Q2 24 | 2.2% | 2.0% | ||
| Q1 24 | 2.3% | 2.0% |
现金转化率PPCPYPL
| Q4 25 | 3.31× | 1.66× | ||
| Q3 25 | 1.34× | 1.58× | ||
| Q2 25 | 1.39× | 0.71× | ||
| Q1 25 | 0.43× | 0.90× | ||
| Q4 24 | 1.48× | 2.14× | ||
| Q3 24 | 1.86× | 1.60× | ||
| Q2 24 | 2.20× | 1.35× | ||
| Q1 24 | 1.55× | 2.16× |
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
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
