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SEABOARD CORP（SEB）与Ventas（VTR）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Ventas的1.5倍（$2.4B vs $1.7B），SEABOARD CORP净利率更高（10.6% vs 3.6%，领先7.0%），Ventas同比增速更快（22.0% vs -2.9%），过去两年Ventas的营收复合增速更高（17.5% vs 4.9%）
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。
Ventas是一家领先的医疗地产投资信托企业，旗下资产涵盖养老社区、医疗办公楼、生命科学研究设施及康复医疗中心等，主要在北美、英国地区运营，为医疗服务及生命科学机构提供专业物业解决方案。
SEB vs VTR — 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
VTR
高出24.9%
-2.9%
净利率更高
SEB
高出7.0%
3.6%
两年增速更快
VTR
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.7B |
| 净利润 | $255.0M | $59.0M |
| 毛利率 | 7.9% | — |
| 营业利润率 | 2.7% | — |
| 净利率 | 10.6% | 3.6% |
| 营收同比 | -2.9% | 22.0% |
| 净利润同比 | 63.5% | 19.0% |
| 每股收益（稀释后） | $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SEBVTR
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B |
净利润SEBVTR
| Q1 26 | — | $59.0M | ||
| Q4 25 | $255.0M | $73.0M | ||
| Q3 25 | $110.0M | $68.7M | ||
| Q2 25 | $104.0M | $71.5M | ||
| Q1 25 | $32.0M | $48.4M | ||
| Q4 24 | $156.0M | $58.7M | ||
| Q3 24 | $-149.0M | $21.0M | ||
| Q2 24 | $61.0M | $21.2M |
毛利率SEBVTR
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | — | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 5.8% | — |
营业利润率SEBVTR
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 4.9% | ||
| Q3 25 | 3.3% | 3.0% | ||
| Q2 25 | 2.1% | 3.0% | ||
| Q1 25 | 1.6% | 3.0% | ||
| Q4 24 | 4.6% | -0.0% | ||
| Q3 24 | 1.4% | 1.5% | ||
| Q2 24 | 1.4% | -1.6% |
净利率SEBVTR
| Q1 26 | — | 3.6% | ||
| Q4 25 | 10.6% | 4.7% | ||
| Q3 25 | 4.3% | 4.6% | ||
| Q2 25 | 4.2% | 5.0% | ||
| Q1 25 | 1.4% | 3.6% | ||
| Q4 24 | 6.3% | 4.6% | ||
| Q3 24 | -6.7% | 1.7% | ||
| Q2 24 | 2.8% | 1.8% |
每股收益（稀释后）SEBVTR
| Q1 26 | — | — | ||
| Q4 25 | $262.58 | $0.15 | ||
| Q3 25 | $113.71 | $0.14 | ||
| Q2 25 | $105.22 | $0.15 | ||
| Q1 25 | $32.95 | $0.10 | ||
| Q4 24 | $158.58 | $0.13 | ||
| Q3 24 | $-153.44 | $0.05 | ||
| Q2 24 | $62.82 | $0.05 |
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 | $1.2B | $183.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.2B | $13.2B |
| 总资产 | $8.2B | $27.7B |
| 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SEBVTR
| Q1 26 | — | $183.6M | ||
| Q4 25 | $1.2B | $741.1M | ||
| Q3 25 | $1.2B | $188.6M | ||
| Q2 25 | $1.1B | $614.2M | ||
| Q1 25 | $1.1B | $182.3M | ||
| Q4 24 | $1.2B | $897.9M | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $557.1M |
总债务SEBVTR
| Q1 26 | — | — | ||
| Q4 25 | — | $13.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $13.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SEBVTR
| Q1 26 | — | $13.2B | ||
| Q4 25 | $5.2B | $12.5B | ||
| Q3 25 | $5.0B | $12.4B | ||
| Q2 25 | $4.8B | $11.5B | ||
| Q1 25 | $4.7B | $11.5B | ||
| Q4 24 | $4.7B | $10.8B | ||
| Q3 24 | $4.5B | $9.8B | ||
| Q2 24 | $4.7B | $9.6B |
总资产SEBVTR
| Q1 26 | — | $27.7B | ||
| Q4 25 | $8.2B | $27.6B | ||
| Q3 25 | $8.0B | $26.9B | ||
| Q2 25 | $7.9B | $26.5B | ||
| Q1 25 | $7.6B | $26.0B | ||
| Q4 24 | $7.7B | $26.2B | ||
| Q3 24 | $7.5B | $25.3B | ||
| Q2 24 | $7.7B | $24.5B |
负债/权益比SEBVTR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $53.0M | — |
| 自由现金流率自由现金流/营收 | 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 | $6.0M | — |
8季度趋势，按日历期对齐
经营现金流SEBVTR
| Q1 26 | — | — | ||
| Q4 25 | $188.0M | $471.7M | ||
| Q3 25 | $319.0M | $378.6M | ||
| Q2 25 | $81.0M | $475.3M | ||
| Q1 25 | $-20.0M | $321.1M | ||
| Q4 24 | $300.0M | $373.6M | ||
| Q3 24 | $194.0M | $353.7M | ||
| Q2 24 | $6.0M | $335.9M |
自由现金流SEBVTR
| Q1 26 | — | — | ||
| Q4 25 | $53.0M | — | ||
| Q3 25 | $152.0M | — | ||
| Q2 25 | $-70.0M | — | ||
| Q1 25 | $-129.0M | — | ||
| Q4 24 | $162.0M | — | ||
| Q3 24 | $58.0M | — | ||
| Q2 24 | $-127.0M | — |
自由现金流率SEBVTR
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.0% | — | ||
| Q2 25 | -2.8% | — | ||
| Q1 25 | -5.6% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | -5.7% | — |
资本支出强度SEBVTR
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 6.1% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 6.0% | — |
现金转化率SEBVTR
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 6.46× | ||
| Q3 25 | 2.90× | 5.51× | ||
| Q2 25 | 0.78× | 6.65× | ||
| Q1 25 | -0.63× | 6.64× | ||
| Q4 24 | 1.92× | 6.36× | ||
| Q3 24 | — | 16.84× | ||
| Q2 24 | 0.10× | 15.87× |
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
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% |
VTR
| Resident fees and services | $1.3B | 78% |
| Outpatient medical and research portfolio | $230.1M | 14% |
| Triple-net leased properties | $123.1M | 7% |
| Third-party capital management revenues | $4.4M | 0% |
