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PILGRIMS PRIDE CORP（PPC）与Steel Dynamics（STLD）财务数据对比。点击上方公司名可切换其他公司
Steel Dynamics的季度营收约是PILGRIMS PRIDE CORP的1.2倍（$5.2B vs $4.5B），Steel Dynamics净利率更高（7.7% vs 1.9%，领先5.7%），Steel Dynamics同比增速更快（17.9% vs 3.3%），过去两年Steel Dynamics的营收复合增速更高（6.0% 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。
Steel Dynamics是总部位于美国印第安纳州韦恩堡的钢铁生产企业，钢铁产能达1300万吨，为美国第三大碳钢产品生产商，按利润率及每吨运营利润率计算属于美国盈利能力最强的钢企之一，凭借2021年营收位列2022年财富美国500强第196位。
PPC vs STLD — 直观对比
营收规模更大
STLD
是对方的1.2倍
$4.5B
营收增速更快
STLD
高出14.6%
3.3%
净利率更高
STLD
高出5.7%
1.9%
两年增速更快
STLD
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $5.2B |
| 净利润 | $88.0M | $400.1M |
| 毛利率 | 9.5% | 14.7% |
| 营业利润率 | 4.5% | 10.3% |
| 净利率 | 1.9% | 7.7% |
| 营收同比 | 3.3% | 17.9% |
| 净利润同比 | -62.7% | 51.3% |
| 每股收益（稀释后） | $0.37 | $2.78 |
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PPCSTLD
| Q1 26 | — | $5.2B | ||
| Q4 25 | $4.5B | $4.4B | ||
| Q3 25 | $4.8B | $4.8B | ||
| Q2 25 | $4.8B | $4.6B | ||
| Q1 25 | $4.5B | $4.4B | ||
| Q4 24 | $4.4B | $3.9B | ||
| Q3 24 | $4.6B | $4.3B | ||
| Q2 24 | $4.6B | $4.6B |
净利润PPCSTLD
| Q1 26 | — | $400.1M | ||
| Q4 25 | $88.0M | $266.0M | ||
| Q3 25 | $342.8M | $403.7M | ||
| Q2 25 | $355.5M | $298.7M | ||
| Q1 25 | $296.0M | $217.2M | ||
| Q4 24 | $235.9M | $207.3M | ||
| Q3 24 | $349.9M | $317.8M | ||
| Q2 24 | $326.3M | $428.0M |
毛利率PPCSTLD
| Q1 26 | — | 14.7% | ||
| Q4 25 | 9.5% | 12.0% | ||
| Q3 25 | 13.9% | 15.7% | ||
| Q2 25 | 15.0% | 13.5% | ||
| Q1 25 | 12.4% | 11.1% | ||
| Q4 24 | 12.7% | 11.4% | ||
| Q3 24 | 14.9% | 13.9% | ||
| Q2 24 | 15.2% | 16.7% |
营业利润率PPCSTLD
| Q1 26 | — | 10.3% | ||
| Q4 25 | 4.5% | 7.0% | ||
| Q3 25 | 10.4% | 10.5% | ||
| Q2 25 | 10.8% | 8.4% | ||
| Q1 25 | 9.1% | 6.3% | ||
| Q4 24 | 7.0% | 6.1% | ||
| Q3 24 | 11.1% | 9.1% | ||
| Q2 24 | 9.7% | 12.1% |
净利率PPCSTLD
| Q1 26 | — | 7.7% | ||
| Q4 25 | 1.9% | 6.0% | ||
| Q3 25 | 7.2% | 8.4% | ||
| Q2 25 | 7.5% | 6.5% | ||
| Q1 25 | 6.6% | 5.0% | ||
| Q4 24 | 5.4% | 5.4% | ||
| Q3 24 | 7.6% | 7.3% | ||
| Q2 24 | 7.2% | 9.2% |
每股收益（稀释后）PPCSTLD
| Q1 26 | — | $2.78 | ||
| Q4 25 | $0.37 | $1.80 | ||
| Q3 25 | $1.44 | $2.74 | ||
| Q2 25 | $1.49 | $2.01 | ||
| Q1 25 | $1.24 | $1.44 | ||
| Q4 24 | $1.00 | $1.40 | ||
| Q3 24 | $1.47 | $2.05 | ||
| Q2 24 | $1.37 | $2.72 |
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 | $556.5M |
| 总债务越低越好 | $3.1B | $4.2B |
| 股东权益账面价值 | $3.7B | $9.0B |
| 总资产 | $10.3B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.84× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资PPCSTLD
| Q1 26 | — | $556.5M | ||
| Q4 25 | $640.2M | $769.9M | ||
| Q3 25 | $612.6M | $770.4M | ||
| Q2 25 | $849.0M | $497.6M | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.0B | $737.3M | ||
| Q3 24 | $1.9B | $1.7B | ||
| Q2 24 | $1.3B | $1.2B |
总债务PPCSTLD
| Q1 26 | — | $4.2B | ||
| Q4 25 | $3.1B | $4.2B | ||
| Q3 25 | $3.1B | $3.8B | ||
| Q2 25 | $3.1B | $3.8B | ||
| Q1 25 | $3.2B | $4.2B | ||
| Q4 24 | $3.2B | $3.2B | ||
| Q3 24 | $3.2B | $3.7B | ||
| Q2 24 | $3.2B | $3.1B |
股东权益PPCSTLD
| Q1 26 | — | $9.0B | ||
| Q4 25 | $3.7B | $9.0B | ||
| Q3 25 | $3.5B | $9.0B | ||
| Q2 25 | $3.7B | $8.9B | ||
| Q1 25 | $3.1B | $8.8B | ||
| Q4 24 | $4.2B | $8.9B | ||
| Q3 24 | $4.2B | $9.1B | ||
| Q2 24 | $3.7B | $9.1B |
总资产PPCSTLD
| Q1 26 | — | $16.7B | ||
| Q4 25 | $10.3B | $16.4B | ||
| Q3 25 | $10.0B | $16.0B | ||
| Q2 25 | $10.1B | $15.5B | ||
| Q1 25 | $11.0B | $15.9B | ||
| Q4 24 | $10.7B | $14.9B | ||
| Q3 24 | $10.7B | $15.7B | ||
| Q2 24 | $10.1B | $15.1B |
负债/权益比PPCSTLD
| Q1 26 | — | 0.47× | ||
| Q4 25 | 0.84× | 0.47× | ||
| Q3 25 | 0.87× | 0.42× | ||
| Q2 25 | 0.83× | 0.43× | ||
| Q1 25 | 1.02× | 0.48× | ||
| Q4 24 | 0.76× | 0.36× | ||
| Q3 24 | 0.76× | 0.41× | ||
| Q2 24 | 0.85× | 0.34× |
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 | $148.3M |
| 自由现金流经营现金流 - 资本支出 | $10.0M | — |
| 自由现金流率自由现金流/营收 | 0.2% | — |
| 资本支出强度资本支出/营收 | 6.2% | — |
| 现金转化率经营现金流/净利润 | 3.31× | 0.37× |
| 过去12个月自由现金流最近4个季度 | $653.1M | — |
8季度趋势，按日历期对齐
经营现金流PPCSTLD
| Q1 26 | — | $148.3M | ||
| Q4 25 | $291.2M | $272.7M | ||
| Q3 25 | $458.3M | $722.6M | ||
| Q2 25 | $495.2M | $301.6M | ||
| Q1 25 | $126.9M | $152.6M | ||
| Q4 24 | $349.3M | $346.9M | ||
| Q3 24 | $651.1M | $759.9M | ||
| Q2 24 | $718.6M | $382.6M |
自由现金流PPCSTLD
| Q1 26 | — | — | ||
| Q4 25 | $10.0M | $84.2M | ||
| Q3 25 | $275.9M | $556.9M | ||
| Q2 25 | $339.1M | $13.3M | ||
| Q1 25 | $28.1M | $-152.9M | ||
| Q4 24 | $176.6M | $-106.3M | ||
| Q3 24 | $565.3M | $138.5M | ||
| Q2 24 | $617.7M | $-36.6M |
自由现金流率PPCSTLD
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.9% | ||
| Q3 25 | 5.8% | 11.5% | ||
| Q2 25 | 7.1% | 0.3% | ||
| Q1 25 | 0.6% | -3.5% | ||
| Q4 24 | 4.0% | -2.7% | ||
| Q3 24 | 12.3% | 3.2% | ||
| Q2 24 | 13.5% | -0.8% |
资本支出强度PPCSTLD
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | 4.3% | ||
| Q3 25 | 3.8% | 3.4% | ||
| Q2 25 | 3.3% | 6.3% | ||
| Q1 25 | 2.2% | 7.0% | ||
| Q4 24 | 4.0% | 11.7% | ||
| Q3 24 | 1.9% | 14.3% | ||
| Q2 24 | 2.2% | 9.0% |
现金转化率PPCSTLD
| Q1 26 | — | 0.37× | ||
| Q4 25 | 3.31× | 1.03× | ||
| Q3 25 | 1.34× | 1.79× | ||
| Q2 25 | 1.39× | 1.01× | ||
| Q1 25 | 0.43× | 0.70× | ||
| Q4 24 | 1.48× | 1.67× | ||
| Q3 24 | 1.86× | 2.39× | ||
| Q2 24 | 2.20× | 0.89× |
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% |
STLD
| Steel | $3.5B | 68% |
| Metals Recycling | $593.2M | 11% |
| Other | $490.1M | 9% |
| Steel Fabrication | $355.4M | 7% |
| Aluminum | $227.4M | 4% |
