vs
史密斯菲尔德食品（SFD）与韦莱韬悦（WTW）财务数据对比。点击上方公司名可切换其他公司
史密斯菲尔德食品的季度营收约是韦莱韬悦的1.3倍（$3.8B vs $2.9B），韦莱韬悦净利率更高（25.5% vs 6.6%，领先19.0%），史密斯菲尔德食品同比增速更快（0.8% vs -3.5%），过去两年韦莱韬悦的营收复合增速更高（12.0% vs 5.5%）
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
韦莱韬悦是一家英美联营的跨国咨询、经纪及解决方案服务商，业务覆盖商业保险经纪与风险咨询、员工福利与薪酬咨询、退休与精算服务，同时可为养老基金、机构投资者提供专业投资建议，服务网络覆盖全球多个市场。
SFD vs WTW — 直观对比
营收规模更大
SFD
是对方的1.3倍
$2.9B
营收增速更快
SFD
高出4.3%
-3.5%
净利率更高
WTW
高出19.0%
6.6%
两年增速更快
WTW
近两年复合增速
5.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.9B |
| 净利润 | $249.0M | $735.0M |
| 毛利率 | 13.4% | — |
| 营业利润率 | 8.8% | 35.3% |
| 净利率 | 6.6% | 25.5% |
| 营收同比 | 0.8% | -3.5% |
| 净利润同比 | 9.7% | -41.0% |
| 每股收益（稀释后） | — | $7.50 |
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SFDWTW
| Q1 26 | $3.8B | — | ||
| Q4 25 | $4.2B | $2.9B | ||
| Q3 25 | $3.7B | $2.2B | ||
| Q2 25 | $3.8B | $2.2B | ||
| Q1 25 | $3.8B | $2.2B | ||
| Q4 24 | $4.0B | $3.0B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $3.4B | $2.2B |
净利润SFDWTW
| Q1 26 | $249.0M | — | ||
| Q4 25 | $327.0M | $735.0M | ||
| Q3 25 | $248.0M | $304.0M | ||
| Q2 25 | $188.0M | $331.0M | ||
| Q1 25 | $224.0M | $235.0M | ||
| Q4 24 | $205.0M | $1.2B | ||
| Q3 24 | $291.0M | $-1.7B | ||
| Q2 24 | $301.0M | $141.0M |
毛利率SFDWTW
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.2% | — | ||
| Q3 25 | 12.8% | — | ||
| Q2 25 | 13.2% | — | ||
| Q1 25 | 13.5% | — | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 14.3% | — | ||
| Q2 24 | 15.4% | — |
营业利润率SFDWTW
| Q1 26 | 8.8% | — | ||
| Q4 25 | 9.5% | 35.3% | ||
| Q3 25 | 8.3% | 18.7% | ||
| Q2 25 | 6.9% | 16.6% | ||
| Q1 25 | 8.5% | 19.8% | ||
| Q4 24 | 8.5% | 30.2% | ||
| Q3 24 | 8.5% | -34.2% | ||
| Q2 24 | 9.8% | 9.6% |
净利率SFDWTW
| Q1 26 | 6.6% | — | ||
| Q4 25 | 7.7% | 25.5% | ||
| Q3 25 | 6.6% | 13.6% | ||
| Q2 25 | 5.0% | 14.9% | ||
| Q1 25 | 5.9% | 10.8% | ||
| Q4 24 | 5.2% | 41.7% | ||
| Q3 24 | 8.7% | -74.8% | ||
| Q2 24 | 8.8% | 6.4% |
每股收益（稀释后）SFDWTW
| Q1 26 | — | — | ||
| Q4 25 | $0.83 | $7.50 | ||
| Q3 25 | $0.63 | $3.11 | ||
| Q2 25 | $0.48 | $3.32 | ||
| Q1 25 | $0.57 | $2.33 | ||
| Q4 24 | $0.54 | $12.29 | ||
| Q3 24 | $0.77 | $-16.44 | ||
| Q2 24 | $0.79 | $1.36 |
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 | $1.4B | $3.2B |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $6.9B | $8.0B |
| 总资产 | $12.0B | $29.5B |
| 负债/权益比越低杠杆越低 | — | 1.21× |
8季度趋势，按日历期对齐
现金及短期投资SFDWTW
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.2B |
总债务SFDWTW
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $9.7B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $8.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SFDWTW
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.8B | $8.0B | ||
| Q3 25 | $6.5B | $7.7B | ||
| Q2 25 | $6.3B | $8.1B | ||
| Q1 25 | $6.2B | $8.1B | ||
| Q4 24 | $5.8B | $7.9B | ||
| Q3 24 | — | $7.5B | ||
| Q2 24 | — | $9.3B |
总资产SFDWTW
| Q1 26 | $12.0B | — | ||
| Q4 25 | $12.2B | $29.5B | ||
| Q3 25 | $11.5B | $27.4B | ||
| Q2 25 | $11.2B | $28.5B | ||
| Q1 25 | $11.1B | $28.1B | ||
| Q4 24 | $11.1B | $27.7B | ||
| Q3 24 | — | $27.2B | ||
| Q2 24 | — | $29.6B |
负债/权益比SFDWTW
| Q1 26 | — | — | ||
| Q4 25 | 0.29× | 1.21× | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.34× | 1.08× | ||
| 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 | — | $771.0M |
| 自由现金流经营现金流 - 资本支出 | — | $708.0M |
| 自由现金流率自由现金流/营收 | — | 24.6% |
| 资本支出强度资本支出/营收 | 2.3% | 2.2% |
| 现金转化率经营现金流/净利润 | — | 1.05× |
| 过去12个月自由现金流最近4个季度 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流SFDWTW
| Q1 26 | — | — | ||
| Q4 25 | $938.0M | $771.0M | ||
| Q3 25 | $13.0M | $678.0M | ||
| Q2 25 | $274.0M | $361.0M | ||
| Q1 25 | $-166.0M | $-35.0M | ||
| Q4 24 | — | $599.0M | ||
| Q3 24 | — | $482.0M | ||
| Q2 24 | — | $407.0M |
自由现金流SFDWTW
| Q1 26 | — | — | ||
| Q4 25 | $842.0M | $708.0M | ||
| Q3 25 | $-75.0M | $621.0M | ||
| Q2 25 | $196.0M | $303.0M | ||
| Q1 25 | $-245.0M | $-86.0M | ||
| Q4 24 | — | $543.0M | ||
| Q3 24 | — | $419.0M | ||
| Q2 24 | — | $341.0M |
自由现金流率SFDWTW
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 24.6% | ||
| Q3 25 | -2.0% | 27.7% | ||
| Q2 25 | 5.2% | 13.7% | ||
| Q1 25 | -6.5% | -3.9% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 18.7% | ||
| Q2 24 | — | 15.4% |
资本支出强度SFDWTW
| Q1 26 | 2.3% | — | ||
| Q4 25 | 2.3% | 2.2% | ||
| Q3 25 | 2.3% | 2.5% | ||
| Q2 25 | 2.1% | 2.6% | ||
| Q1 25 | 2.1% | 2.3% | ||
| Q4 24 | 2.1% | 1.9% | ||
| Q3 24 | 2.8% | 2.8% | ||
| Q2 24 | 2.3% | 3.0% |
现金转化率SFDWTW
| Q1 26 | — | — | ||
| Q4 25 | 2.87× | 1.05× | ||
| Q3 25 | 0.05× | 2.23× | ||
| Q2 25 | 1.46× | 1.09× | ||
| Q1 25 | -0.74× | -0.15× | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.89× |
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
SFD
暂无分部数据
WTW
| Health Wealth And Career | $1.7B | 58% |
| GB | $566.0M | 20% |
| Broking | $465.0M | 16% |
| Other | $113.0M | 4% |
| December Thirty One Two Thousand And Twenty Four | $67.0M | 2% |
| IE | $38.0M | 1% |
