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Alpha Metallurgical Resources, Inc.（AMR）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
Alpha Metallurgical Resources, Inc.的季度营收约是BOSTON BEER CO INC的1.3倍（$519.1M vs $385.7M），Alpha Metallurgical Resources, Inc.净利率更高（-3.3% vs -5.8%，领先2.5%），BOSTON BEER CO INC同比增速更快（-4.1% vs -15.7%），BOSTON BEER CO INC自由现金流更多（$22.1M vs $-10.0M），过去两年BOSTON BEER CO INC的营收复合增速更高（-4.9% vs -22.4%）
阿尔法冶金资源（前身为康图拉能源）是行业领先的煤炭供应商，在阿巴拉契亚北部和中部拥有地下及露天煤矿综合体，在宾夕法尼亚州、弗吉尼亚州和西弗吉尼亚州坐拥大型煤田，生产用于炼钢的冶金煤和用于发电的动力煤，供应全球下游客户。
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。
AMR vs SAM — 直观对比
营收规模更大
AMR
是对方的1.3倍
$385.7M
营收增速更快
SAM
高出11.5%
-15.7%
净利率更高
AMR
高出2.5%
-5.8%
自由现金流更多
SAM
多$32.1M
$-10.0M
两年增速更快
SAM
近两年复合增速
-22.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $519.1M | $385.7M |
| 净利润 | $-17.3M | $-22.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | -4.1% | -8.6% |
| 净利率 | -3.3% | -5.8% |
| 营收同比 | -15.7% | -4.1% |
| 净利润同比 | -711.2% | 41.9% |
| 每股收益（稀释后） | $-1.35 | $-1.97 |
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AMRSAM
| Q4 25 | $519.1M | $385.7M | ||
| Q3 25 | $525.2M | $537.5M | ||
| Q2 25 | $548.7M | $587.9M | ||
| Q1 25 | $529.7M | $453.9M | ||
| Q4 24 | $615.4M | $402.3M | ||
| Q3 24 | $669.8M | $605.5M | ||
| Q2 24 | $800.1M | $579.1M | ||
| Q1 24 | $861.3M | $426.1M |
净利润AMRSAM
| Q4 25 | $-17.3M | $-22.5M | ||
| Q3 25 | $-5.5M | $46.2M | ||
| Q2 25 | $-5.0M | $60.4M | ||
| Q1 25 | $-33.9M | $24.4M | ||
| Q4 24 | $-2.1M | $-38.8M | ||
| Q3 24 | $3.8M | $33.5M | ||
| Q2 24 | $58.9M | $52.3M | ||
| Q1 24 | $127.0M | $12.6M |
毛利率AMRSAM
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 46.0% | ||
| Q1 24 | — | 43.7% |
营业利润率AMRSAM
| Q4 25 | -4.1% | -8.6% | ||
| Q3 25 | -0.5% | 11.5% | ||
| Q2 25 | 0.5% | 14.0% | ||
| Q1 25 | -7.6% | 7.4% | ||
| Q4 24 | 1.6% | -13.9% | ||
| Q3 24 | 0.8% | 7.6% | ||
| Q2 24 | 8.8% | 12.2% | ||
| Q1 24 | 16.5% | 3.6% |
净利率AMRSAM
| Q4 25 | -3.3% | -5.8% | ||
| Q3 25 | -1.1% | 8.6% | ||
| Q2 25 | -0.9% | 10.3% | ||
| Q1 25 | -6.4% | 5.4% | ||
| Q4 24 | -0.3% | -9.6% | ||
| Q3 24 | 0.6% | 5.5% | ||
| Q2 24 | 7.4% | 9.0% | ||
| Q1 24 | 14.7% | 3.0% |
每股收益（稀释后）AMRSAM
| Q4 25 | $-1.35 | $-1.97 | ||
| Q3 25 | $-0.42 | $4.25 | ||
| Q2 25 | $-0.38 | $5.45 | ||
| Q1 25 | $-2.60 | $2.16 | ||
| Q4 24 | $-0.09 | $-3.23 | ||
| Q3 24 | $0.29 | $2.86 | ||
| Q2 24 | $4.49 | $4.39 | ||
| Q1 24 | $9.59 | $1.04 |
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 | $415.6M | $223.4M |
| 总债务越低越好 | $9.8M | — |
| 股东权益账面价值 | $1.5B | $846.3M |
| 总资产 | $2.3B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资AMRSAM
| Q4 25 | $415.6M | $223.4M | ||
| Q3 25 | $457.9M | $250.5M | ||
| Q2 25 | $449.0M | $212.4M | ||
| Q1 25 | $448.0M | $152.5M | ||
| Q4 24 | $481.6M | $211.8M | ||
| Q3 24 | $484.6M | $255.6M | ||
| Q2 24 | $336.1M | $219.3M | ||
| Q1 24 | $269.4M | $205.4M |
总债务AMRSAM
| Q4 25 | $9.8M | — | ||
| Q3 25 | $2.9M | — | ||
| Q2 25 | $3.1M | — | ||
| Q1 25 | $2.4M | — | ||
| Q4 24 | $2.9M | — | ||
| Q3 24 | $3.6M | — | ||
| Q2 24 | $5.3M | — | ||
| Q1 24 | $6.0M | — |
股东权益AMRSAM
| Q4 25 | $1.5B | $846.3M | ||
| Q3 25 | $1.6B | $911.0M | ||
| Q2 25 | $1.6B | $912.3M | ||
| Q1 25 | $1.6B | $897.0M | ||
| Q4 24 | $1.6B | $916.2M | ||
| Q3 24 | $1.7B | $1.0B | ||
| Q2 24 | $1.6B | $1.0B | ||
| Q1 24 | $1.6B | $1.0B |
总资产AMRSAM
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.4B | $1.2B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.5B | $1.4B | ||
| Q2 24 | $2.5B | $1.4B | ||
| Q1 24 | $2.5B | $1.4B |
负债/权益比AMRSAM
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
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 | $19.0M | $39.9M |
| 自由现金流经营现金流 - 资本支出 | $-10.0M | $22.1M |
| 自由现金流率自由现金流/营收 | -1.9% | 5.7% |
| 资本支出强度资本支出/营收 | 5.6% | 4.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $17.8M | $215.6M |
8季度趋势，按日历期对齐
经营现金流AMRSAM
| Q4 25 | $19.0M | $39.9M | ||
| Q3 25 | $50.5M | $101.8M | ||
| Q2 25 | $53.2M | $126.5M | ||
| Q1 25 | $22.2M | $1.9M | ||
| Q4 24 | $56.3M | $41.9M | ||
| Q3 24 | $189.5M | $115.9M | ||
| Q2 24 | $138.1M | $96.0M | ||
| Q1 24 | $196.1M | $-4.9M |
自由现金流AMRSAM
| Q4 25 | $-10.0M | $22.1M | ||
| Q3 25 | $25.4M | $89.2M | ||
| Q2 25 | $18.6M | $112.2M | ||
| Q1 25 | $-16.3M | $-8.0M | ||
| Q4 24 | $13.6M | $18.4M | ||
| Q3 24 | $158.0M | $99.2M | ||
| Q2 24 | $77.0M | $75.6M | ||
| Q1 24 | $132.5M | $-20.6M |
自由现金流率AMRSAM
| Q4 25 | -1.9% | 5.7% | ||
| Q3 25 | 4.8% | 16.6% | ||
| Q2 25 | 3.4% | 19.1% | ||
| Q1 25 | -3.1% | -1.8% | ||
| Q4 24 | 2.2% | 4.6% | ||
| Q3 24 | 23.6% | 16.4% | ||
| Q2 24 | 9.6% | 13.1% | ||
| Q1 24 | 15.4% | -4.8% |
资本支出强度AMRSAM
| Q4 25 | 5.6% | 4.6% | ||
| Q3 25 | 4.8% | 2.3% | ||
| Q2 25 | 6.3% | 2.4% | ||
| Q1 25 | 7.3% | 2.2% | ||
| Q4 24 | 6.9% | 5.8% | ||
| Q3 24 | 4.7% | 2.8% | ||
| Q2 24 | 7.6% | 3.5% | ||
| Q1 24 | 7.4% | 3.7% |
现金转化率AMRSAM
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.81× | 3.46× | ||
| Q2 24 | 2.34× | 1.83× | ||
| Q1 24 | 1.54× | -0.39× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
