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Bandwidth Inc.（BAND）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Bandwidth Inc.的2.2倍（$461.6M vs $208.8M），Bandwidth Inc.同比增速更快（20.1% vs -4.1%），过去两年Bandwidth Inc.的营收复合增速更高（9.7% vs -10.7%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
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。
BAND vs SAM — 直观对比
营收规模更大
SAM
是对方的2.2倍
$208.8M
营收增速更快
BAND
高出24.2%
-4.1%
两年增速更快
BAND
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $461.6M |
| 净利润 | $4.0M | — |
| 毛利率 | 37.3% | 46.4% |
| 营业利润率 | 60.5% | 12.4% |
| 净利率 | 1.9% | — |
| 营收同比 | 20.1% | -4.1% |
| 净利润同比 | 200.0% | — |
| 每股收益（稀释后） | $-0.08 | $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BANDSAM
| Q1 26 | $208.8M | $461.6M | ||
| Q4 25 | $207.7M | $385.7M | ||
| Q3 25 | $191.9M | $537.5M | ||
| Q2 25 | $180.0M | $587.9M | ||
| Q1 25 | $174.2M | $453.9M | ||
| Q4 24 | $210.0M | $402.3M | ||
| Q3 24 | $193.9M | $605.5M | ||
| Q2 24 | $173.6M | $579.1M |
净利润BANDSAM
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $-1.2M | $46.2M | ||
| Q2 25 | $-4.9M | $60.4M | ||
| Q1 25 | $-3.7M | $24.4M | ||
| Q4 24 | — | $-38.8M | ||
| Q3 24 | $413.0K | $33.5M | ||
| Q2 24 | $4.1M | $52.3M |
毛利率BANDSAM
| Q1 26 | 37.3% | 46.4% | ||
| Q4 25 | 37.6% | 43.5% | ||
| Q3 25 | 38.5% | 50.8% | ||
| Q2 25 | 39.8% | 49.8% | ||
| Q1 25 | 41.0% | 48.3% | ||
| Q4 24 | 36.4% | 39.9% | ||
| Q3 24 | 37.7% | 46.3% | ||
| Q2 24 | 37.3% | 46.0% |
营业利润率BANDSAM
| Q1 26 | 60.5% | 12.4% | ||
| Q4 25 | -1.9% | -8.6% | ||
| Q3 25 | -1.0% | 11.5% | ||
| Q2 25 | -2.1% | 14.0% | ||
| Q1 25 | -2.7% | 7.4% | ||
| Q4 24 | -1.3% | -13.9% | ||
| Q3 24 | -0.5% | 7.6% | ||
| Q2 24 | -3.5% | 12.2% |
净利率BANDSAM
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -5.8% | ||
| Q3 25 | -0.6% | 8.6% | ||
| Q2 25 | -2.7% | 10.3% | ||
| Q1 25 | -2.1% | 5.4% | ||
| Q4 24 | — | -9.6% | ||
| Q3 24 | 0.2% | 5.5% | ||
| Q2 24 | 2.3% | 9.0% |
每股收益（稀释后）BANDSAM
| Q1 26 | $-0.08 | $2.16 | ||
| Q4 25 | $-0.10 | $-1.97 | ||
| Q3 25 | $-0.04 | $4.25 | ||
| Q2 25 | $-0.16 | $5.45 | ||
| Q1 25 | $-0.13 | $2.16 | ||
| Q4 24 | $0.27 | $-3.23 | ||
| Q3 24 | $0.01 | $2.86 | ||
| Q2 24 | $-0.17 | $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 | $47.3M | $164.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $405.7M | $682.6M |
| 总资产 | $984.2M | $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BANDSAM
| Q1 26 | $47.3M | $164.1M | ||
| Q4 25 | $111.3M | $223.4M | ||
| Q3 25 | $80.4M | $250.5M | ||
| Q2 25 | $68.1M | $212.4M | ||
| Q1 25 | $41.7M | $152.5M | ||
| Q4 24 | $83.8M | $211.8M | ||
| Q3 24 | $79.9M | $255.6M | ||
| Q2 24 | $76.4M | $219.3M |
股东权益BANDSAM
| Q1 26 | $405.7M | $682.6M | ||
| Q4 25 | $400.0M | $846.3M | ||
| Q3 25 | $392.7M | $911.0M | ||
| Q2 25 | $384.5M | $912.3M | ||
| Q1 25 | $345.4M | $897.0M | ||
| Q4 24 | $312.5M | $916.2M | ||
| Q3 24 | $336.6M | $1.0B | ||
| Q2 24 | $307.4M | $1.0B |
总资产BANDSAM
| Q1 26 | $984.2M | $1.2B | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $964.4M | $1.2B | ||
| Q4 24 | $989.2M | $1.3B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $1.0B | $1.4B |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | — |
| 自由现金流率自由现金流/营收 | -0.5% | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BANDSAM
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $39.9M | ||
| Q3 25 | $22.2M | $101.8M | ||
| Q2 25 | $31.7M | $126.5M | ||
| Q1 25 | $-3.1M | $1.9M | ||
| Q4 24 | $36.5M | $41.9M | ||
| Q3 24 | $20.5M | $115.9M | ||
| Q2 24 | $24.4M | $96.0M |
自由现金流BANDSAM
| Q1 26 | $-1.0M | — | ||
| 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BANDSAM
| Q1 26 | -0.5% | — | ||
| 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BANDSAM
| 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BANDSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | 3.46× | ||
| Q2 24 | 6.03× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
