vs
ASSOCIATED BANC-CORP（ASB）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ASSOCIATED BANC-CORP的1.0倍（$385.7M vs $383.0M），ASSOCIATED BANC-CORP净利率更高（31.2% vs -5.8%，领先37.1%），过去两年ASSOCIATED BANC-CORP的营收复合增速更高（9.1% vs -4.9%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
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。
ASB vs SAM — 直观对比
营收规模更大
SAM
是对方的1.0倍
$383.0M
净利率更高
ASB
高出37.1%
-5.8%
两年增速更快
ASB
近两年复合增速
-4.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $385.7M |
| 净利润 | $119.6M | $-22.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | — | -8.6% |
| 净利率 | 31.2% | -5.8% |
| 营收同比 | — | -4.1% |
| 净利润同比 | 566.6% | 41.9% |
| 每股收益（稀释后） | $0.70 | $-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ASBSAM
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | $385.7M | ||
| Q3 25 | $305.2M | $537.5M | ||
| Q2 25 | $300.0M | $587.9M | ||
| Q1 25 | $285.9M | $453.9M | ||
| Q4 24 | $270.3M | $402.3M | ||
| Q3 24 | $329.7M | $605.5M | ||
| Q2 24 | $321.8M | $579.1M |
净利润ASBSAM
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | $-22.5M | ||
| Q3 25 | $124.7M | $46.2M | ||
| Q2 25 | $111.2M | $60.4M | ||
| Q1 25 | $101.7M | $24.4M | ||
| Q4 24 | $-161.6M | $-38.8M | ||
| Q3 24 | $88.0M | $33.5M | ||
| Q2 24 | $115.6M | $52.3M |
毛利率ASBSAM
| Q1 26 | — | — | ||
| 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% |
营业利润率ASBSAM
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | -8.6% | ||
| Q3 25 | 50.5% | 11.5% | ||
| Q2 25 | 46.5% | 14.0% | ||
| Q1 25 | 42.3% | 7.4% | ||
| Q4 24 | -65.8% | -13.9% | ||
| Q3 24 | 32.8% | 7.6% | ||
| Q2 24 | 32.0% | 12.2% |
净利率ASBSAM
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | -5.8% | ||
| Q3 25 | 40.9% | 8.6% | ||
| Q2 25 | 37.1% | 10.3% | ||
| Q1 25 | 35.6% | 5.4% | ||
| Q4 24 | -59.8% | -9.6% | ||
| Q3 24 | 26.7% | 5.5% | ||
| Q2 24 | 35.9% | 9.0% |
每股收益（稀释后）ASBSAM
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | $-1.97 | ||
| Q3 25 | $0.73 | $4.25 | ||
| Q2 25 | $0.65 | $5.45 | ||
| Q1 25 | $0.59 | $2.16 | ||
| Q4 24 | $-1.10 | $-3.23 | ||
| Q3 24 | $0.56 | $2.86 | ||
| Q2 24 | $0.74 | $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 | — | $223.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.0B | $846.3M |
| 总资产 | $45.6B | $1.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASBSAM
| Q1 26 | — | — | ||
| Q4 25 | — | $223.4M | ||
| Q3 25 | — | $250.5M | ||
| Q2 25 | — | $212.4M | ||
| Q1 25 | — | $152.5M | ||
| Q4 24 | — | $211.8M | ||
| Q3 24 | — | $255.6M | ||
| Q2 24 | — | $219.3M |
总债务ASBSAM
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $594.1M | — | ||
| Q2 25 | $593.5M | — | ||
| Q1 25 | $591.4M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $844.3M | — | ||
| Q2 24 | $536.1M | — |
股东权益ASBSAM
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $846.3M | ||
| Q3 25 | $4.9B | $911.0M | ||
| Q2 25 | $4.8B | $912.3M | ||
| Q1 25 | $4.7B | $897.0M | ||
| Q4 24 | $4.6B | $916.2M | ||
| Q3 24 | $4.4B | $1.0B | ||
| Q2 24 | $4.2B | $1.0B |
总资产ASBSAM
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | $1.2B | ||
| Q3 25 | $44.5B | $1.2B | ||
| Q2 25 | $44.0B | $1.3B | ||
| Q1 25 | $43.3B | $1.2B | ||
| Q4 24 | $43.0B | $1.3B | ||
| Q3 24 | $42.2B | $1.4B | ||
| Q2 24 | $41.6B | $1.4B |
负债/权益比ASBSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.13× | — |
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 | — | $39.9M |
| 自由现金流经营现金流 - 资本支出 | — | $22.1M |
| 自由现金流率自由现金流/营收 | — | 5.7% |
| 资本支出强度资本支出/营收 | — | 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 | — | $215.6M |
8季度趋势，按日历期对齐
经营现金流ASBSAM
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | $39.9M | ||
| Q3 25 | $158.0M | $101.8M | ||
| Q2 25 | $141.5M | $126.5M | ||
| Q1 25 | $98.2M | $1.9M | ||
| Q4 24 | $207.1M | $41.9M | ||
| Q3 24 | $105.1M | $115.9M | ||
| Q2 24 | $113.5M | $96.0M |
自由现金流ASBSAM
| Q1 26 | — | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $89.2M | ||
| Q2 25 | — | $112.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $18.4M | ||
| Q3 24 | — | $99.2M | ||
| Q2 24 | — | $75.6M |
自由现金流率ASBSAM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 13.1% |
资本支出强度ASBSAM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.5% |
现金转化率ASBSAM
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | — | ||
| Q3 25 | 1.27× | 2.21× | ||
| Q2 25 | 1.27× | 2.09× | ||
| Q1 25 | 0.97× | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.19× | 3.46× | ||
| Q2 24 | 0.98× | 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
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
SAM
暂无分部数据
