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AvalonBay Communities（AVB）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
AvalonBay Communities的季度营收约是BOSTON BEER CO INC的1.7倍（$767.9M vs $461.6M），AvalonBay Communities同比增速更快（3.7% vs -4.1%），过去两年AvalonBay Communities的营收复合增速更高（3.8% vs -10.7%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs SAM — 直观对比
营收规模更大
AVB
是对方的1.7倍
$461.6M
营收增速更快
AVB
高出7.8%
-4.1%
两年增速更快
AVB
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $461.6M |
| 净利润 | $166.0M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 64.2% | 12.4% |
| 净利率 | 9040.6% | — |
| 营收同比 | 3.7% | -4.1% |
| 净利润同比 | -41.2% | — |
| 每股收益（稀释后） | $1.18 | $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AVBSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $767.9M | $385.7M | ||
| Q3 25 | $766.8M | $537.5M | ||
| Q2 25 | $760.2M | $587.9M | ||
| Q1 25 | $745.9M | $453.9M | ||
| Q4 24 | $740.5M | $402.3M | ||
| Q3 24 | $734.3M | $605.5M | ||
| Q2 24 | $726.0M | $579.1M |
净利润AVBSAM
| Q1 26 | — | — | ||
| Q4 25 | $166.0M | $-22.5M | ||
| Q3 25 | $381.3M | $46.2M | ||
| Q2 25 | $268.7M | $60.4M | ||
| Q1 25 | $236.6M | $24.4M | ||
| Q4 24 | $282.1M | $-38.8M | ||
| Q3 24 | $372.5M | $33.5M | ||
| Q2 24 | $253.9M | $52.3M |
毛利率AVBSAM
| Q1 26 | — | 46.4% | ||
| 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AVBSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 64.2% | -8.6% | ||
| Q3 25 | 65.7% | 11.5% | ||
| Q2 25 | 67.6% | 14.0% | ||
| Q1 25 | 68.5% | 7.4% | ||
| Q4 24 | 63.1% | -13.9% | ||
| Q3 24 | 65.4% | 7.6% | ||
| Q2 24 | 66.6% | 12.2% |
净利率AVBSAM
| Q1 26 | — | — | ||
| Q4 25 | 9040.6% | -5.8% | ||
| Q3 25 | 49.7% | 8.6% | ||
| Q2 25 | 35.3% | 10.3% | ||
| Q1 25 | 31.7% | 5.4% | ||
| Q4 24 | 38.1% | -9.6% | ||
| Q3 24 | 50.7% | 5.5% | ||
| Q2 24 | 35.0% | 9.0% |
每股收益（稀释后）AVBSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $1.18 | $-1.97 | ||
| Q3 25 | $2.68 | $4.25 | ||
| Q2 25 | $1.88 | $5.45 | ||
| Q1 25 | $1.66 | $2.16 | ||
| Q4 24 | $1.99 | $-3.23 | ||
| Q3 24 | $2.61 | $2.86 | ||
| Q2 24 | $1.78 | $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 | $187.2M | $164.1M |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $682.6M |
| 总资产 | $22.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $187.2M | $223.4M | ||
| Q3 25 | $123.3M | $250.5M | ||
| Q2 25 | $102.8M | $212.4M | ||
| Q1 25 | $53.3M | $152.5M | ||
| Q4 24 | $108.6M | $211.8M | ||
| Q3 24 | $552.4M | $255.6M | ||
| Q2 24 | $545.8M | $219.3M |
总债务AVBSAM
| Q1 26 | — | — | ||
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — |
股东权益AVBSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $11.6B | $846.3M | ||
| Q3 25 | $11.9B | $911.0M | ||
| Q2 25 | $11.9B | $912.3M | ||
| Q1 25 | $11.9B | $897.0M | ||
| Q4 24 | $11.9B | $916.2M | ||
| Q3 24 | $11.9B | $1.0B | ||
| Q2 24 | $11.7B | $1.0B |
总资产AVBSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $22.2B | $1.2B | ||
| Q3 25 | $21.9B | $1.2B | ||
| Q2 25 | $21.8B | $1.3B | ||
| Q1 25 | $21.2B | $1.2B | ||
| Q4 24 | $21.0B | $1.3B | ||
| Q3 24 | $21.3B | $1.4B | ||
| Q2 24 | $21.0B | $1.4B |
负债/权益比AVBSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — |
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 | $1.7B | — |
| 自由现金流经营现金流 - 资本支出 | $1.4B | — |
| 自由现金流率自由现金流/营收 | 183.5% | — |
| 资本支出强度资本支出/营收 | 34.1% | — |
| 现金转化率经营现金流/净利润 | 10.07× | — |
| 过去12个月自由现金流最近4个季度 | $2.5B | — |
8季度趋势，按日历期对齐
经营现金流AVBSAM
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $39.9M | ||
| Q3 25 | $477.0M | $101.8M | ||
| Q2 25 | $377.8M | $126.5M | ||
| Q1 25 | $415.9M | $1.9M | ||
| Q4 24 | $1.6B | $41.9M | ||
| Q3 24 | $486.2M | $115.9M | ||
| Q2 24 | $380.0M | $96.0M |
自由现金流AVBSAM
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $22.1M | ||
| Q3 25 | $402.2M | $89.2M | ||
| Q2 25 | $317.1M | $112.2M | ||
| Q1 25 | $367.5M | $-8.0M | ||
| Q4 24 | $1.4B | $18.4M | ||
| Q3 24 | $434.2M | $99.2M | ||
| Q2 24 | $333.0M | $75.6M |
自由现金流率AVBSAM
| Q1 26 | — | — | ||
| Q4 25 | 183.5% | 5.7% | ||
| Q3 25 | 52.5% | 16.6% | ||
| Q2 25 | 41.7% | 19.1% | ||
| Q1 25 | 49.3% | -1.8% | ||
| Q4 24 | 191.0% | 4.6% | ||
| Q3 24 | 59.1% | 16.4% | ||
| Q2 24 | 45.9% | 13.1% |
资本支出强度AVBSAM
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 4.6% | ||
| Q3 25 | 9.8% | 2.3% | ||
| Q2 25 | 8.0% | 2.4% | ||
| Q1 25 | 6.5% | 2.2% | ||
| Q4 24 | 26.1% | 5.8% | ||
| Q3 24 | 7.1% | 2.8% | ||
| Q2 24 | 6.5% | 3.5% |
现金转化率AVBSAM
| Q1 26 | — | — | ||
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | 2.21× | ||
| Q2 25 | 1.41× | 2.09× | ||
| Q1 25 | 1.76× | 0.08× | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | 3.46× | ||
| Q2 24 | 1.50× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
