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南方铜业（SCCO）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
南方铜业的季度营收约是J.M. Smucker Company (The)的1.7倍（$3.9B vs $2.3B），南方铜业净利率更高（33.9% vs 10.4%，领先23.5%），南方铜业同比增速更快（39.0% vs 2.6%），南方铜业自由现金流更多（$1.1B vs $280.2M），过去两年南方铜业的营收复合增速更高（22.0% vs 2.2%）
南方铜业注册地为美国特拉华州，总部位于亚利桑那州凤凰城，在秘鲁、墨西哥两地持有多座铜矿、冶炼厂及精炼厂，旗下拥有夸霍内、托克帕拉、布埃纳维斯塔等知名矿山。2024年公司铜产量达21亿磅，同时产出银、钼、锌等多种金属。
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。
SCCO vs SJM — 直观对比
营收规模更大
SCCO
是对方的1.7倍
$2.3B
营收增速更快
SCCO
高出36.4%
2.6%
净利率更高
SCCO
高出23.5%
10.4%
自由现金流更多
SCCO
多$791.5M
$280.2M
两年增速更快
SCCO
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.3B |
| 净利润 | $1.3B | $241.3M |
| 毛利率 | 62.0% | 37.3% |
| 营业利润率 | 54.5% | 18.0% |
| 净利率 | 33.9% | 10.4% |
| 营收同比 | 39.0% | 2.6% |
| 净利润同比 | 64.7% | 1084.9% |
| 每股收益（稀释后） | $1.49 | $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SCCOSJM
| Q4 25 | $3.9B | $2.3B | ||
| Q3 25 | $3.4B | $2.1B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $3.1B | $2.2B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $2.9B | $2.1B | ||
| Q2 24 | $3.1B | $2.2B | ||
| Q1 24 | $2.6B | $2.2B |
净利润SCCOSJM
| Q4 25 | $1.3B | $241.3M | ||
| Q3 25 | $1.1B | $-43.9M | ||
| Q2 25 | $976.7M | $-729.0M | ||
| Q1 25 | $949.1M | $-662.3M | ||
| Q4 24 | $796.2M | $-24.5M | ||
| Q3 24 | $899.8M | $185.0M | ||
| Q2 24 | $953.8M | $245.1M | ||
| Q1 24 | $738.8M | $120.4M |
毛利率SCCOSJM
| Q4 25 | 62.0% | 37.3% | ||
| Q3 25 | 59.8% | 22.5% | ||
| Q2 25 | 60.3% | 38.4% | ||
| Q1 25 | 57.7% | 40.2% | ||
| Q4 24 | 56.5% | 39.0% | ||
| Q3 24 | 58.3% | 37.5% | ||
| Q2 24 | 59.9% | 41.4% | ||
| Q1 24 | 55.5% | 36.9% |
营业利润率SCCOSJM
| Q4 25 | 54.5% | 18.0% | ||
| Q3 25 | 52.4% | 2.2% | ||
| Q2 25 | 52.0% | -27.9% | ||
| Q1 25 | 49.2% | -27.2% | ||
| Q4 24 | 47.0% | 7.5% | ||
| Q3 24 | 49.5% | 16.4% | ||
| Q2 24 | 51.5% | 18.4% | ||
| Q1 24 | 45.8% | 13.3% |
净利率SCCOSJM
| Q4 25 | 33.9% | 10.4% | ||
| Q3 25 | 32.9% | -2.1% | ||
| Q2 25 | 32.0% | -34.0% | ||
| Q1 25 | 30.4% | -30.3% | ||
| Q4 24 | 28.6% | -1.1% | ||
| Q3 24 | 30.7% | 8.7% | ||
| Q2 24 | 30.6% | 11.1% | ||
| Q1 24 | 28.4% | 5.4% |
每股收益（稀释后）SCCOSJM
| Q4 25 | $1.49 | $2.26 | ||
| Q3 25 | $1.35 | $-0.41 | ||
| Q2 25 | $1.21 | $-6.86 | ||
| Q1 25 | $1.19 | $-6.22 | ||
| Q4 24 | $1.02 | $-0.23 | ||
| Q3 24 | $1.15 | $1.74 | ||
| Q2 24 | $1.22 | $2.31 | ||
| Q1 24 | $0.95 | $1.13 |
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 | $4.9B | — |
| 总债务越低越好 | $6.8B | $7.0B |
| 股东权益账面价值 | $11.0B | $6.1B |
| 总资产 | $21.4B | $17.6B |
| 负债/权益比越低杠杆越低 | 0.61× | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资SCCOSJM
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $1.6B | — |
总债务SCCOSJM
| Q4 25 | $6.8B | $7.0B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | $6.3B | $7.8B | ||
| Q3 24 | — | $7.8B | ||
| Q2 24 | $6.3B | $7.8B | ||
| Q1 24 | $6.3B | $8.1B |
股东权益SCCOSJM
| Q4 25 | $11.0B | $6.1B | ||
| Q3 25 | $10.4B | $5.9B | ||
| Q2 25 | $10.0B | $6.1B | ||
| Q1 25 | $9.6B | $6.9B | ||
| Q4 24 | $9.2B | $7.6B | ||
| Q3 24 | $8.9B | $7.8B | ||
| Q2 24 | $8.5B | $7.7B | ||
| Q1 24 | $7.5B | $7.6B |
总资产SCCOSJM
| Q4 25 | $21.4B | $17.6B | ||
| Q3 25 | $20.3B | $17.7B | ||
| Q2 25 | $19.6B | $17.6B | ||
| Q1 25 | $19.8B | $18.4B | ||
| Q4 24 | $18.7B | $20.0B | ||
| Q3 24 | $18.4B | $20.3B | ||
| Q2 24 | $17.8B | $20.3B | ||
| Q1 24 | $16.8B | $20.2B |
负债/权益比SCCOSJM
| Q4 25 | 0.61× | 1.16× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | 0.68× | 1.02× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | 0.74× | 1.01× | ||
| Q1 24 | 0.83× | 1.07× |
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 | $1.5B | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $280.2M |
| 自由现金流率自由现金流/营收 | 27.7% | 12.0% |
| 资本支出强度资本支出/营收 | 10.9% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.14× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $3.4B | $635.5M |
8季度趋势，按日历期对齐
经营现金流SCCOSJM
| Q4 25 | $1.5B | $346.5M | ||
| Q3 25 | $1.6B | $-10.6M | ||
| Q2 25 | $976.8M | $393.9M | ||
| Q1 25 | $721.4M | $239.4M | ||
| Q4 24 | $1.4B | $404.2M | ||
| Q3 24 | $1.4B | $172.9M | ||
| Q2 24 | $962.1M | $428.1M | ||
| Q1 24 | $659.7M | $406.5M |
自由现金流SCCOSJM
| Q4 25 | $1.1B | $280.2M | ||
| Q3 25 | $1.2B | $-94.9M | ||
| Q2 25 | $741.1M | $298.9M | ||
| Q1 25 | $403.6M | $151.3M | ||
| Q4 24 | $1.1B | $317.2M | ||
| Q3 24 | $1.2B | $49.2M | ||
| Q2 24 | $630.3M | $297.5M | ||
| Q1 24 | $445.9M | $249.6M |
自由现金流率SCCOSJM
| Q4 25 | 27.7% | 12.0% | ||
| Q3 25 | 35.8% | -4.5% | ||
| Q2 25 | 24.3% | 13.9% | ||
| Q1 25 | 12.9% | 6.9% | ||
| Q4 24 | 40.4% | 14.0% | ||
| Q3 24 | 40.7% | 2.3% | ||
| Q2 24 | 20.2% | 13.5% | ||
| Q1 24 | 17.2% | 11.2% |
资本支出强度SCCOSJM
| Q4 25 | 10.9% | 2.8% | ||
| Q3 25 | 10.3% | 4.0% | ||
| Q2 25 | 7.7% | 4.4% | ||
| Q1 25 | 10.2% | 4.0% | ||
| Q4 24 | 8.5% | 3.8% | ||
| Q3 24 | 8.4% | 5.8% | ||
| Q2 24 | 10.6% | 5.9% | ||
| Q1 24 | 8.2% | 7.0% |
现金转化率SCCOSJM
| Q4 25 | 1.14× | 1.44× | ||
| Q3 25 | 1.40× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 0.76× | — | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.60× | 0.93× | ||
| Q2 24 | 1.01× | 1.75× | ||
| Q1 24 | 0.89× | 3.38× |
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
SCCO
| Other | $1.3B | 32% |
| MX | $726.4M | 19% |
| CH | $560.4M | 14% |
| PE | $218.8M | 6% |
| Silver | $201.1M | 5% |
| BR | $157.9M | 4% |
| CL | $149.0M | 4% |
| Molybdenum | $143.3M | 4% |
| ES | $130.8M | 3% |
| Mexican IMMSA Unit | $129.8M | 3% |
| IT | $107.1M | 3% |
| Zinc | $88.8M | 2% |
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% |
