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派拓网络（ALTO）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是派拓网络的2.0倍（$461.6M vs $232.0M），派拓网络同比增速更快（-1.9% vs -4.1%），过去两年派拓网络的营收复合增速更高（-1.8% vs -10.7%）
帕洛阿尔托网络公司是一家总部位于加利福尼亚州圣克拉拉的美国跨国网络安全企业，核心业务为提供包含高级防火墙的网络安全平台，以及基于云的拓展安全服务。目前公司业务覆盖全球150多个国家，服务超过7万家机构，其中包括财富美国100强中的85家企业，旗下拥有威胁研究团队Unit 42，并主办网络安全会议Ignite。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
ALTO vs SAM — 直观对比
营收规模更大
SAM
是对方的2.0倍
$232.0M
营收增速更快
ALTO
高出2.3%
-4.1%
两年增速更快
ALTO
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $232.0M | $461.6M |
| 净利润 | $21.8M | — |
| 毛利率 | 6.5% | 46.4% |
| 营业利润率 | 3.2% | 12.4% |
| 净利率 | 9.4% | — |
| 营收同比 | -1.9% | -4.1% |
| 净利润同比 | 152.3% | — |
| 每股收益（稀释后） | $0.28 | $2.16 |
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ALTOSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $232.0M | $385.7M | ||
| Q3 25 | $241.0M | $537.5M | ||
| Q2 25 | $218.4M | $587.9M | ||
| Q1 25 | $226.5M | $453.9M | ||
| Q4 24 | $236.3M | $402.3M | ||
| Q3 24 | $251.8M | $605.5M | ||
| Q2 24 | $236.5M | $579.1M |
净利润ALTOSAM
| Q1 26 | — | — | ||
| Q4 25 | $21.8M | $-22.5M | ||
| Q3 25 | $14.2M | $46.2M | ||
| Q2 25 | $-11.0M | $60.4M | ||
| Q1 25 | $-11.7M | $24.4M | ||
| Q4 24 | $-41.7M | $-38.8M | ||
| Q3 24 | $-2.4M | $33.5M | ||
| Q2 24 | $-3.1M | $52.3M |
毛利率ALTOSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 6.5% | 43.5% | ||
| Q3 25 | 9.7% | 50.8% | ||
| Q2 25 | -0.9% | 49.8% | ||
| Q1 25 | -0.8% | 48.3% | ||
| Q4 24 | -0.6% | 39.9% | ||
| Q3 24 | 2.4% | 46.3% | ||
| Q2 24 | 3.2% | 46.0% |
营业利润率ALTOSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 3.2% | -8.6% | ||
| Q3 25 | 7.0% | 11.5% | ||
| Q2 25 | -3.7% | 14.0% | ||
| Q1 25 | -4.0% | 7.4% | ||
| Q4 24 | -16.6% | -13.9% | ||
| Q3 24 | -0.3% | 7.6% | ||
| Q2 24 | -0.6% | 12.2% |
净利率ALTOSAM
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | -5.8% | ||
| Q3 25 | 5.9% | 8.6% | ||
| Q2 25 | -5.0% | 10.3% | ||
| Q1 25 | -5.2% | 5.4% | ||
| Q4 24 | -17.6% | -9.6% | ||
| Q3 24 | -1.0% | 5.5% | ||
| Q2 24 | -1.3% | 9.0% |
每股收益（稀释后）ALTOSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $0.28 | $-1.97 | ||
| Q3 25 | $0.19 | $4.25 | ||
| Q2 25 | $-0.15 | $5.45 | ||
| Q1 25 | $-0.16 | $2.16 | ||
| Q4 24 | $-0.56 | $-3.23 | ||
| Q3 24 | $-0.04 | $2.86 | ||
| Q2 24 | $-0.05 | $4.39 |
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 | $23.4M | $164.1M |
| 总债务越低越好 | $84.6M | — |
| 股东权益账面价值 | $245.2M | $682.6M |
| 总资产 | $388.8M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.34× | — |
8季度趋势，按日历期对齐
现金及短期投资ALTOSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $23.4M | $223.4M | ||
| Q3 25 | $32.5M | $250.5M | ||
| Q2 25 | $29.8M | $212.4M | ||
| Q1 25 | $26.8M | $152.5M | ||
| Q4 24 | $35.5M | $211.8M | ||
| Q3 24 | $33.6M | $255.6M | ||
| Q2 24 | $27.1M | $219.3M |
总债务ALTOSAM
| Q1 26 | — | — | ||
| Q4 25 | $84.6M | — | ||
| Q3 25 | $106.0M | — | ||
| Q2 25 | $124.2M | — | ||
| Q1 25 | $117.0M | — | ||
| Q4 24 | $99.7M | — | ||
| Q3 24 | $90.6M | — | ||
| Q2 24 | $98.6M | — |
股东权益ALTOSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $245.2M | $846.3M | ||
| Q3 25 | $222.4M | $911.0M | ||
| Q2 25 | $207.8M | $912.3M | ||
| Q1 25 | $213.9M | $897.0M | ||
| Q4 24 | $225.1M | $916.2M | ||
| Q3 24 | $263.9M | $1.0B | ||
| Q2 24 | $265.8M | $1.0B |
总资产ALTOSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $388.8M | $1.2B | ||
| Q3 25 | $388.5M | $1.2B | ||
| Q2 25 | $393.1M | $1.3B | ||
| Q1 25 | $402.2M | $1.2B | ||
| Q4 24 | $401.4M | $1.3B | ||
| Q3 24 | $417.4M | $1.4B | ||
| Q2 24 | $432.5M | $1.4B |
负债/权益比ALTOSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.34× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.37× | — |
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 | $9.5M | — |
| 自由现金流经营现金流 - 资本支出 | $7.6M | — |
| 自由现金流率自由现金流/营收 | 3.3% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 0.44× | — |
| 过去12个月自由现金流最近4个季度 | $8.6M | — |
8季度趋势，按日历期对齐
经营现金流ALTOSAM
| Q1 26 | — | — | ||
| Q4 25 | $9.5M | $39.9M | ||
| Q3 25 | $22.8M | $101.8M | ||
| Q2 25 | $-848.0K | $126.5M | ||
| Q1 25 | $-18.2M | $1.9M | ||
| Q4 24 | $-9.8M | $41.9M | ||
| Q3 24 | $18.6M | $115.9M | ||
| Q2 24 | $-13.7M | $96.0M |
自由现金流ALTOSAM
| Q1 26 | — | — | ||
| Q4 25 | $7.6M | $22.1M | ||
| Q3 25 | $21.2M | $89.2M | ||
| Q2 25 | $-1.3M | $112.2M | ||
| Q1 25 | $-18.8M | $-8.0M | ||
| Q4 24 | $-11.1M | $18.4M | ||
| Q3 24 | $18.1M | $99.2M | ||
| Q2 24 | $-18.4M | $75.6M |
自由现金流率ALTOSAM
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 5.7% | ||
| Q3 25 | 8.8% | 16.6% | ||
| Q2 25 | -0.6% | 19.1% | ||
| Q1 25 | -8.3% | -1.8% | ||
| Q4 24 | -4.7% | 4.6% | ||
| Q3 24 | 7.2% | 16.4% | ||
| Q2 24 | -7.8% | 13.1% |
资本支出强度ALTOSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 4.6% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | 0.5% | 5.8% | ||
| Q3 24 | 0.2% | 2.8% | ||
| Q2 24 | 2.0% | 3.5% |
现金转化率ALTOSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.44× | — | ||
| Q3 25 | 1.60× | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | — | 1.83× |
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
ALTO
| Pekin Campus Production | $105.1M | 45% |
| Total Marketing And Distribution Sales | $57.9M | 25% |
| Marketing And Distributions | $55.6M | 24% |
| Other | $11.2M | 5% |
| Kodiak Carbonic LLC | $2.1M | 1% |
SAM
暂无分部数据
