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亚什兰（ASH）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的季度营收约是亚什兰的1.2倍（$461.6M vs $386.0M），BOSTON BEER CO INC同比增速更快（-4.1% vs -4.7%），过去两年BOSTON BEER CO INC的营收复合增速更高（-10.7% vs -18.1%）
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
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。
ASH vs SAM — 直观对比
营收规模更大
SAM
是对方的1.2倍
$386.0M
营收增速更快
SAM
高出0.6%
-4.7%
两年增速更快
SAM
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $461.6M |
| 净利润 | $-12.0M | — |
| 毛利率 | 27.2% | 46.4% |
| 营业利润率 | -1.6% | 12.4% |
| 净利率 | -3.1% | — |
| 营收同比 | -4.7% | -4.1% |
| 净利润同比 | 92.7% | — |
| 每股收益（稀释后） | $-0.26 | $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ASHSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $386.0M | $385.7M | ||
| Q3 25 | $477.0M | $537.5M | ||
| Q2 25 | $463.0M | $587.9M | ||
| Q1 25 | $479.0M | $453.9M | ||
| Q4 24 | $405.0M | $402.3M | ||
| Q3 24 | $521.0M | $605.5M | ||
| Q2 24 | $544.0M | $579.1M |
净利润ASHSAM
| Q1 26 | — | — | ||
| Q4 25 | $-12.0M | $-22.5M | ||
| Q3 25 | $31.0M | $46.2M | ||
| Q2 25 | $-742.0M | $60.4M | ||
| Q1 25 | $31.0M | $24.4M | ||
| Q4 24 | $-165.0M | $-38.8M | ||
| Q3 24 | $17.0M | $33.5M | ||
| Q2 24 | $6.0M | $52.3M |
毛利率ASHSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 27.2% | 43.5% | ||
| Q3 25 | 33.3% | 50.8% | ||
| Q2 25 | 28.5% | 49.8% | ||
| Q1 25 | 30.7% | 48.3% | ||
| Q4 24 | 27.4% | 39.9% | ||
| Q3 24 | 33.2% | 46.3% | ||
| Q2 24 | 34.2% | 46.0% |
营业利润率ASHSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | -1.6% | -8.6% | ||
| Q3 25 | 12.8% | 11.5% | ||
| Q2 25 | -152.9% | 14.0% | ||
| Q1 25 | 10.6% | 7.4% | ||
| Q4 24 | -44.2% | -13.9% | ||
| Q3 24 | 6.1% | 7.6% | ||
| Q2 24 | -11.2% | 12.2% |
净利率ASHSAM
| Q1 26 | — | — | ||
| Q4 25 | -3.1% | -5.8% | ||
| Q3 25 | 6.5% | 8.6% | ||
| Q2 25 | -160.3% | 10.3% | ||
| Q1 25 | 6.5% | 5.4% | ||
| Q4 24 | -40.7% | -9.6% | ||
| Q3 24 | 3.3% | 5.5% | ||
| Q2 24 | 1.1% | 9.0% |
每股收益（稀释后）ASHSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $-0.26 | $-1.97 | ||
| Q3 25 | $0.83 | $4.25 | ||
| Q2 25 | $-16.21 | $5.45 | ||
| Q1 25 | $0.65 | $2.16 | ||
| Q4 24 | $-3.50 | $-3.23 | ||
| Q3 24 | $0.34 | $2.86 | ||
| Q2 24 | $0.12 | $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 | $304.0M | $164.1M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $682.6M |
| 总资产 | $4.5B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资ASHSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $304.0M | $223.4M | ||
| Q3 25 | $215.0M | $250.5M | ||
| Q2 25 | $207.0M | $212.4M | ||
| Q1 25 | $168.0M | $152.5M | ||
| Q4 24 | $219.0M | $211.8M | ||
| Q3 24 | $300.0M | $255.6M | ||
| Q2 24 | $399.0M | $219.3M |
总债务ASHSAM
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
股东权益ASHSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $1.9B | $846.3M | ||
| Q3 25 | $1.9B | $911.0M | ||
| Q2 25 | $1.9B | $912.3M | ||
| Q1 25 | $2.6B | $897.0M | ||
| Q4 24 | $2.6B | $916.2M | ||
| Q3 24 | $2.9B | $1.0B | ||
| Q2 24 | $3.0B | $1.0B |
总资产ASHSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.6B | $1.2B | ||
| Q2 25 | $4.6B | $1.3B | ||
| Q1 25 | $5.2B | $1.2B | ||
| Q4 24 | $5.2B | $1.3B | ||
| Q3 24 | $5.6B | $1.4B | ||
| Q2 24 | $5.7B | $1.4B |
负债/权益比ASHSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.45× | — |
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 | $125.0M | — |
| 自由现金流经营现金流 - 资本支出 | $111.0M | — |
| 自由现金流率自由现金流/营收 | 28.8% | — |
| 资本支出强度资本支出/营收 | 3.6% | — |
| 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 | $200.0M | — |
8季度趋势，按日历期对齐
经营现金流ASHSAM
| Q1 26 | — | — | ||
| Q4 25 | $125.0M | $39.9M | ||
| Q3 25 | $40.0M | $101.8M | ||
| Q2 25 | $115.0M | $126.5M | ||
| Q1 25 | $9.0M | $1.9M | ||
| Q4 24 | $-30.0M | $41.9M | ||
| Q3 24 | $80.0M | $115.9M | ||
| Q2 24 | $127.0M | $96.0M |
自由现金流ASHSAM
| Q1 26 | — | — | ||
| Q4 25 | $111.0M | $22.1M | ||
| Q3 25 | $6.0M | $89.2M | ||
| Q2 25 | $95.0M | $112.2M | ||
| Q1 25 | $-12.0M | $-8.0M | ||
| Q4 24 | $-53.0M | $18.4M | ||
| Q3 24 | $42.0M | $99.2M | ||
| Q2 24 | $98.0M | $75.6M |
自由现金流率ASHSAM
| Q1 26 | — | — | ||
| Q4 25 | 28.8% | 5.7% | ||
| Q3 25 | 1.3% | 16.6% | ||
| Q2 25 | 20.5% | 19.1% | ||
| Q1 25 | -2.5% | -1.8% | ||
| Q4 24 | -13.1% | 4.6% | ||
| Q3 24 | 8.1% | 16.4% | ||
| Q2 24 | 18.0% | 13.1% |
资本支出强度ASHSAM
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 4.6% | ||
| Q3 25 | 7.1% | 2.3% | ||
| Q2 25 | 4.3% | 2.4% | ||
| Q1 25 | 4.4% | 2.2% | ||
| Q4 24 | 5.7% | 5.8% | ||
| Q3 24 | 7.3% | 2.8% | ||
| Q2 24 | 5.3% | 3.5% |
现金转化率ASHSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.29× | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | 0.29× | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.71× | 3.46× | ||
| Q2 24 | 21.17× | 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
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
SAM
暂无分部数据
