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J.M. Smucker Company (The)（SJM）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
西部数据的季度营收约是J.M. Smucker Company (The)的1.3倍（$3.0B vs $2.3B），西部数据净利率更高（61.1% vs 10.4%，领先50.7%），西部数据同比增速更快（31.5% vs 2.6%），过去两年J.M. Smucker Company (The)的营收复合增速更高（2.2% vs -6.6%）
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。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
SJM vs WDC — 直观对比
营收规模更大
WDC
是对方的1.3倍
$2.3B
营收增速更快
WDC
高出28.9%
2.6%
净利率更高
WDC
高出50.7%
10.4%
两年增速更快
SJM
近两年复合增速
-6.6%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $3.0B |
| 净利润 | $241.3M | $1.8B |
| 毛利率 | 37.3% | 45.7% |
| 营业利润率 | 18.0% | 30.1% |
| 净利率 | 10.4% | 61.1% |
| 营收同比 | 2.6% | 31.5% |
| 净利润同比 | 1084.9% | 254.2% |
| 每股收益（稀释后） | $2.26 | $4.73 |
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SJMWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.3B | $2.8B | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | $-1.2B | ||
| Q1 25 | $2.2B | $2.3B | ||
| Q4 24 | $2.3B | $4.3B | ||
| Q3 24 | $2.1B | $4.1B | ||
| Q2 24 | $2.2B | $3.8B |
净利润SJMWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $241.3M | $1.2B | ||
| Q3 25 | $-43.9M | — | ||
| Q2 25 | $-729.0M | $282.0M | ||
| Q1 25 | $-662.3M | $520.0M | ||
| Q4 24 | $-24.5M | $594.0M | ||
| Q3 24 | $185.0M | $493.0M | ||
| Q2 24 | $245.1M | $39.0M |
毛利率SJMWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | 37.3% | 43.5% | ||
| Q3 25 | 22.5% | — | ||
| Q2 25 | 38.4% | — | ||
| Q1 25 | 40.2% | 39.8% | ||
| Q4 24 | 39.0% | 35.4% | ||
| Q3 24 | 37.5% | 37.9% | ||
| Q2 24 | 41.4% | 35.9% |
营业利润率SJMWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 18.0% | 28.1% | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | -27.9% | — | ||
| Q1 25 | -27.2% | 33.1% | ||
| Q4 24 | 7.5% | 19.9% | ||
| Q3 24 | 16.4% | 18.1% | ||
| Q2 24 | 18.4% | 5.7% |
净利率SJMWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 10.4% | 41.9% | ||
| Q3 25 | -2.1% | — | ||
| Q2 25 | -34.0% | -24.4% | ||
| Q1 25 | -30.3% | 22.7% | ||
| Q4 24 | -1.1% | 13.9% | ||
| Q3 24 | 8.7% | 12.0% | ||
| Q2 24 | 11.1% | 1.0% |
每股收益（稀释后）SJMWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $2.26 | $3.07 | ||
| Q3 25 | $-0.41 | — | ||
| Q2 25 | $-6.86 | $0.72 | ||
| Q1 25 | $-6.22 | $1.42 | ||
| Q4 24 | $-0.23 | $1.63 | ||
| Q3 24 | $1.74 | $1.35 | ||
| Q2 24 | $2.31 | $0.15 |
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 | — | $2.0B |
| 总债务越低越好 | $7.0B | $4.7B |
| 股东权益账面价值 | $6.1B | $7.1B |
| 总资产 | $17.6B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.16× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资SJMWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B |
总债务SJMWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | $7.0B | $4.7B | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $7.0B | $4.7B | ||
| Q1 25 | $7.4B | $7.3B | ||
| Q4 24 | $7.8B | $7.4B | ||
| Q3 24 | $7.8B | $7.4B | ||
| Q2 24 | $7.8B | $7.4B |
股东权益SJMWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $6.1B | $5.9B | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $6.1B | $5.3B | ||
| Q1 25 | $6.9B | $5.2B | ||
| Q4 24 | $7.6B | $12.1B | ||
| Q3 24 | $7.8B | $11.6B | ||
| Q2 24 | $7.7B | $10.8B |
总资产SJMWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $17.6B | $14.4B | ||
| Q3 25 | $17.7B | — | ||
| Q2 25 | $17.6B | $14.0B | ||
| Q1 25 | $18.4B | $16.4B | ||
| Q4 24 | $20.0B | $25.5B | ||
| Q3 24 | $20.3B | $24.8B | ||
| Q2 24 | $20.3B | $24.2B |
负债/权益比SJMWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | 1.16× | 0.80× | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.16× | 0.89× | ||
| Q1 25 | 1.07× | 1.42× | ||
| Q4 24 | 1.02× | 0.61× | ||
| Q3 24 | 1.00× | 0.64× | ||
| Q2 24 | 1.01× | 0.69× |
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 | $346.5M | — |
| 自由现金流经营现金流 - 资本支出 | $280.2M | — |
| 自由现金流率自由现金流/营收 | 12.0% | — |
| 资本支出强度资本支出/营收 | 2.8% | — |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $635.5M | — |
8季度趋势，按日历期对齐
经营现金流SJMWDC
| Q1 26 | — | — | ||
| Q4 25 | $346.5M | $672.0M | ||
| Q3 25 | $-10.6M | — | ||
| Q2 25 | $393.9M | $746.0M | ||
| Q1 25 | $239.4M | $508.0M | ||
| Q4 24 | $404.2M | $403.0M | ||
| Q3 24 | $172.9M | $34.0M | ||
| Q2 24 | $428.1M | $366.0M |
自由现金流SJMWDC
| Q1 26 | — | — | ||
| Q4 25 | $280.2M | $599.0M | ||
| Q3 25 | $-94.9M | — | ||
| Q2 25 | $298.9M | $675.0M | ||
| Q1 25 | $151.3M | $379.0M | ||
| Q4 24 | $317.2M | $287.0M | ||
| Q3 24 | $49.2M | $-62.0M | ||
| Q2 24 | $297.5M | $250.0M |
自由现金流率SJMWDC
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 21.3% | ||
| Q3 25 | -4.5% | — | ||
| Q2 25 | 13.9% | -58.5% | ||
| Q1 25 | 6.9% | 16.5% | ||
| Q4 24 | 14.0% | 6.7% | ||
| Q3 24 | 2.3% | -1.5% | ||
| Q2 24 | 13.5% | 6.6% |
资本支出强度SJMWDC
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 2.6% | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 4.4% | -6.2% | ||
| Q1 25 | 4.0% | 5.6% | ||
| Q4 24 | 3.8% | 2.7% | ||
| Q3 24 | 5.8% | 2.3% | ||
| Q2 24 | 5.9% | 3.1% |
现金转化率SJMWDC
| Q1 26 | — | — | ||
| Q4 25 | 1.44× | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.65× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | 0.93× | 0.07× | ||
| Q2 24 | 1.75× | 9.38× |
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
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% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
