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TD SYNNEX CORP（SNX）与泰森食品（TSN）财务数据对比。点击上方公司名可切换其他公司
TD SYNNEX CORP的季度营收约是泰森食品的1.2倍（$17.4B vs $14.3B），TD SYNNEX CORP净利率更高（1.4% vs 0.6%，领先0.8%），TD SYNNEX CORP同比增速更快（9.7% vs 5.1%），TD SYNNEX CORP自由现金流更多（$1.4B vs $690.0M），过去两年TD SYNNEX CORP的营收复合增速更高（11.5% vs 4.6%）
TD SYNNEX是美国领先的IT分销企业，2021年由Synnex与Tech Data合并成立，业务覆盖全球100多个国家和地区，员工规模达2.2万人，由帕特里克·扎米特担任首席执行官，为上下游科技企业提供完善的分销及供应链解决方案。
泰森食品是总部位于美国阿肯色州斯普林代尔的跨国食品企业，是仅次于JBS的全球第二大鸡肉、牛肉、猪肉加工销售商，同时是美国规模最大的肉类企业，常年位居美国牛肉出口占比首位，旗下运营泰森、Jimmy Dean、Hillshire Farm等多个知名食品品牌。
SNX vs TSN — 直观对比
营收规模更大
SNX
是对方的1.2倍
$14.3B
营收增速更快
SNX
高出4.6%
5.1%
净利率更高
SNX
高出0.8%
0.6%
自由现金流更多
SNX
多$732.1M
$690.0M
两年增速更快
SNX
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $17.4B | $14.3B |
| 净利润 | $248.4M | $85.0M |
| 毛利率 | 6.9% | 5.6% |
| 营业利润率 | 2.3% | 2.1% |
| 净利率 | 1.4% | 0.6% |
| 营收同比 | 9.7% | 5.1% |
| 净利润同比 | 27.5% | -76.3% |
| 每股收益（稀释后） | $3.02 | $0.24 |
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SNXTSN
| Q4 25 | $17.4B | $14.3B | ||
| Q3 25 | $15.7B | $13.9B | ||
| Q2 25 | $14.9B | $13.9B | ||
| Q1 25 | $14.5B | $13.1B | ||
| Q4 24 | $15.8B | $13.6B | ||
| Q3 24 | $14.7B | $13.6B | ||
| Q2 24 | $13.9B | $13.4B | ||
| Q1 24 | $14.0B | $13.1B |
净利润SNXTSN
| Q4 25 | $248.4M | $85.0M | ||
| Q3 25 | $226.8M | $47.0M | ||
| Q2 25 | $184.9M | $61.0M | ||
| Q1 25 | $167.5M | $7.0M | ||
| Q4 24 | $194.8M | $359.0M | ||
| Q3 24 | $178.6M | $357.0M | ||
| Q2 24 | $143.6M | $191.0M | ||
| Q1 24 | $172.1M | $145.0M |
毛利率SNXTSN
| Q4 25 | 6.9% | 5.6% | ||
| Q3 25 | 7.2% | 5.2% | ||
| Q2 25 | 7.0% | 8.2% | ||
| Q1 25 | 6.9% | 4.6% | ||
| Q4 24 | 6.6% | 8.0% | ||
| Q3 24 | 6.5% | 7.8% | ||
| Q2 24 | 7.0% | 6.6% | ||
| Q1 24 | 7.2% | 6.6% |
营业利润率SNXTSN
| Q4 25 | 2.3% | 2.1% | ||
| Q3 25 | 2.5% | 1.1% | ||
| Q2 25 | 2.2% | 1.9% | ||
| Q1 25 | 2.1% | 0.8% | ||
| Q4 24 | 2.0% | 4.3% | ||
| Q3 24 | 2.1% | 3.9% | ||
| Q2 24 | 1.9% | 2.6% | ||
| Q1 24 | 2.2% | 2.4% |
净利率SNXTSN
| Q4 25 | 1.4% | 0.6% | ||
| Q3 25 | 1.4% | 0.3% | ||
| Q2 25 | 1.2% | 0.4% | ||
| Q1 25 | 1.2% | 0.1% | ||
| Q4 24 | 1.2% | 2.6% | ||
| Q3 24 | 1.2% | 2.6% | ||
| Q2 24 | 1.0% | 1.4% | ||
| Q1 24 | 1.2% | 1.1% |
每股收益（稀释后）SNXTSN
| Q4 25 | $3.02 | $0.24 | ||
| Q3 25 | $2.74 | $0.13 | ||
| Q2 25 | $2.21 | $0.17 | ||
| Q1 25 | $1.98 | $0.02 | ||
| Q4 24 | $2.28 | $1.01 | ||
| Q3 24 | $2.08 | $1.00 | ||
| Q2 24 | $1.66 | $0.54 | ||
| Q1 24 | $1.93 | $0.41 |
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 | $2.4B | $1.3B |
| 总债务越低越好 | $3.6B | $7.5B |
| 股东权益账面价值 | $8.5B | $18.0B |
| 总资产 | $34.3B | $36.0B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资SNXTSN
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $874.4M | $1.2B | ||
| Q2 25 | $767.1M | $1.5B | ||
| Q1 25 | $541.9M | $992.0M | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $853.9M | $1.7B | ||
| Q2 24 | $1.2B | $2.6B | ||
| Q1 24 | $1.0B | $2.2B |
总债务SNXTSN
| Q4 25 | $3.6B | $7.5B | ||
| Q3 25 | $3.0B | $7.9B | ||
| Q2 25 | $3.7B | $8.2B | ||
| Q1 25 | $3.7B | $8.2B | ||
| Q4 24 | $3.7B | $9.7B | ||
| Q3 24 | $3.7B | $9.7B | ||
| Q2 24 | $3.7B | $9.7B | ||
| Q1 24 | $3.1B | $9.6B |
股东权益SNXTSN
| Q4 25 | $8.5B | $18.0B | ||
| Q3 25 | $8.5B | $18.1B | ||
| Q2 25 | $8.3B | $18.3B | ||
| Q1 25 | $8.1B | $18.4B | ||
| Q4 24 | $8.0B | $18.5B | ||
| Q3 24 | $8.2B | $18.4B | ||
| Q2 24 | $8.0B | $18.1B | ||
| Q1 24 | $8.1B | $18.1B |
总资产SNXTSN
| Q4 25 | $34.3B | $36.0B | ||
| Q3 25 | $31.7B | $36.7B | ||
| Q2 25 | $30.5B | $36.5B | ||
| Q1 25 | $28.8B | $36.3B | ||
| Q4 24 | $30.3B | $37.3B | ||
| Q3 24 | $29.2B | $37.1B | ||
| Q2 24 | $27.7B | $37.7B | ||
| Q1 24 | $27.8B | $37.5B |
负债/权益比SNXTSN
| Q4 25 | 0.43× | 0.41× | ||
| Q3 25 | 0.36× | 0.44× | ||
| Q2 25 | 0.45× | 0.45× | ||
| Q1 25 | 0.46× | 0.44× | ||
| Q4 24 | 0.46× | 0.52× | ||
| Q3 24 | 0.46× | 0.53× | ||
| Q2 24 | 0.47× | 0.54× | ||
| Q1 24 | 0.38× | 0.53× |
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 | $942.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $690.0M |
| 自由现金流率自由现金流/营收 | 8.2% | 4.8% |
| 资本支出强度资本支出/营收 | 0.2% | 1.8% |
| 现金转化率经营现金流/净利润 | 5.88× | 11.08× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $1.1B |
8季度趋势，按日历期对齐
经营现金流SNXTSN
| Q4 25 | $1.5B | $942.0M | ||
| Q3 25 | $246.1M | $535.0M | ||
| Q2 25 | $573.2M | $774.0M | ||
| Q1 25 | $-748.0M | $-185.0M | ||
| Q4 24 | $561.9M | $1.0B | ||
| Q3 24 | $385.8M | $617.0M | ||
| Q2 24 | $-114.7M | $796.0M | ||
| Q1 24 | $384.7M | $-123.0M |
自由现金流SNXTSN
| Q4 25 | $1.4B | $690.0M | ||
| Q3 25 | $213.9M | $248.0M | ||
| Q2 25 | $542.9M | $547.0M | ||
| Q1 25 | $-789.5M | $-378.0M | ||
| Q4 24 | $512.9M | $760.0M | ||
| Q3 24 | $338.6M | $369.0M | ||
| Q2 24 | $-152.5M | $533.0M | ||
| Q1 24 | $343.6M | $-390.0M |
自由现金流率SNXTSN
| Q4 25 | 8.2% | 4.8% | ||
| Q3 25 | 1.4% | 1.8% | ||
| Q2 25 | 3.6% | 3.9% | ||
| Q1 25 | -5.4% | -2.9% | ||
| Q4 24 | 3.2% | 5.6% | ||
| Q3 24 | 2.3% | 2.7% | ||
| Q2 24 | -1.1% | 4.0% | ||
| Q1 24 | 2.5% | -3.0% |
资本支出强度SNXTSN
| Q4 25 | 0.2% | 1.8% | ||
| Q3 25 | 0.2% | 2.1% | ||
| Q2 25 | 0.2% | 1.6% | ||
| Q1 25 | 0.3% | 1.5% | ||
| Q4 24 | 0.3% | 2.0% | ||
| Q3 24 | 0.3% | 1.8% | ||
| Q2 24 | 0.3% | 2.0% | ||
| Q1 24 | 0.3% | 2.0% |
现金转化率SNXTSN
| Q4 25 | 5.88× | 11.08× | ||
| Q3 25 | 1.09× | 11.38× | ||
| Q2 25 | 3.10× | 12.69× | ||
| Q1 25 | -4.46× | -26.43× | ||
| Q4 24 | 2.88× | 2.87× | ||
| Q3 24 | 2.16× | 1.73× | ||
| Q2 24 | -0.80× | 4.17× | ||
| Q1 24 | 2.24× | -0.85× |
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
SNX
暂无分部数据
TSN
| Beef | $5.8B | 40% |
| Retail Sales Channel | $2.9B | 20% |
| Pork | $1.6B | 11% |
| Foodservice Sales Channel | $1.6B | 11% |
| Other | $776.0M | 5% |
| Industrialand Other Sales Channel | $575.0M | 4% |
| International Sales Channel | $542.0M | 4% |
| Intersegment Revenues | $534.0M | 4% |
