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BALCHEM CORP（BCPC）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BALCHEM CORP的1.7倍（$461.6M vs $270.7M），BALCHEM CORP同比增速更快（8.1% vs -4.1%），过去两年BALCHEM CORP的营收复合增速更高（7.5% vs -10.7%）
Balchem Corp是一家全球特种化学品与营养原料供应商，核心业务覆盖人类营养、动物保健、制药、工业应用四大领域，为北美、欧洲、亚太等地区的客户提供定制化专用原料产品。
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。
BCPC vs SAM — 直观对比
营收规模更大
SAM
是对方的1.7倍
$270.7M
营收增速更快
BCPC
高出12.2%
-4.1%
两年增速更快
BCPC
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $270.7M | $461.6M |
| 净利润 | $40.3M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 20.5% | 12.4% |
| 净利率 | 14.9% | — |
| 营收同比 | 8.1% | -4.1% |
| 净利润同比 | 8.7% | — |
| 每股收益（稀释后） | $1.25 | $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BCPCSAM
| Q1 26 | $270.7M | $461.6M | ||
| Q4 25 | $263.6M | $385.7M | ||
| Q3 25 | $267.6M | $537.5M | ||
| Q2 25 | $255.5M | $587.9M | ||
| Q1 25 | $250.5M | $453.9M | ||
| Q4 24 | $240.0M | $402.3M | ||
| Q3 24 | $239.9M | $605.5M | ||
| Q2 24 | $234.1M | $579.1M |
净利润BCPCSAM
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $-22.5M | ||
| Q3 25 | $40.3M | $46.2M | ||
| Q2 25 | $38.3M | $60.4M | ||
| Q1 25 | $37.1M | $24.4M | ||
| Q4 24 | $33.6M | $-38.8M | ||
| Q3 24 | $33.8M | $33.5M | ||
| Q2 24 | $32.1M | $52.3M |
毛利率BCPCSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 35.6% | 43.5% | ||
| Q3 25 | 35.7% | 50.8% | ||
| Q2 25 | 36.4% | 49.8% | ||
| Q1 25 | 35.2% | 48.3% | ||
| Q4 24 | 36.0% | 39.9% | ||
| Q3 24 | 35.6% | 46.3% | ||
| Q2 24 | 35.5% | 46.0% |
营业利润率BCPCSAM
| Q1 26 | 20.5% | 12.4% | ||
| Q4 25 | 19.8% | -8.6% | ||
| Q3 25 | 20.4% | 11.5% | ||
| Q2 25 | 20.1% | 14.0% | ||
| Q1 25 | 20.4% | 7.4% | ||
| Q4 24 | 19.8% | -13.9% | ||
| Q3 24 | 20.0% | 7.6% | ||
| Q2 24 | 19.6% | 12.2% |
净利率BCPCSAM
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | -5.8% | ||
| Q3 25 | 15.1% | 8.6% | ||
| Q2 25 | 15.0% | 10.3% | ||
| Q1 25 | 14.8% | 5.4% | ||
| Q4 24 | 14.0% | -9.6% | ||
| Q3 24 | 14.1% | 5.5% | ||
| Q2 24 | 13.7% | 9.0% |
每股收益（稀释后）BCPCSAM
| Q1 26 | $1.25 | $2.16 | ||
| Q4 25 | $1.21 | $-1.97 | ||
| Q3 25 | $1.24 | $4.25 | ||
| Q2 25 | $1.17 | $5.45 | ||
| Q1 25 | $1.13 | $2.16 | ||
| Q4 24 | $1.03 | $-3.23 | ||
| Q3 24 | $1.03 | $2.86 | ||
| Q2 24 | $0.98 | $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 | $72.9M | $164.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $682.6M |
| 总资产 | $1.7B | $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BCPCSAM
| Q1 26 | $72.9M | $164.1M | ||
| Q4 25 | $74.6M | $223.4M | ||
| Q3 25 | $65.1M | $250.5M | ||
| Q2 25 | $65.4M | $212.4M | ||
| Q1 25 | $49.9M | $152.5M | ||
| Q4 24 | $49.5M | $211.8M | ||
| Q3 24 | $73.7M | $255.6M | ||
| Q2 24 | $63.7M | $219.3M |
股东权益BCPCSAM
| Q1 26 | $1.3B | $682.6M | ||
| Q4 25 | $1.3B | $846.3M | ||
| Q3 25 | $1.3B | $911.0M | ||
| Q2 25 | $1.3B | $912.3M | ||
| Q1 25 | $1.2B | $897.0M | ||
| Q4 24 | $1.1B | $916.2M | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.1B | $1.0B |
总资产BCPCSAM
| Q1 26 | $1.7B | $1.2B | ||
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.6B | $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 | $40.1M | — |
| 自由现金流经营现金流 - 资本支出 | $33.8M | — |
| 自由现金流率自由现金流/营收 | 12.5% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 0.99× | — |
| 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BCPCSAM
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $39.9M | ||
| Q3 25 | $65.6M | $101.8M | ||
| Q2 25 | $47.3M | $126.5M | ||
| Q1 25 | $36.5M | $1.9M | ||
| Q4 24 | $52.3M | $41.9M | ||
| Q3 24 | $51.3M | $115.9M | ||
| Q2 24 | $45.0M | $96.0M |
自由现金流BCPCSAM
| Q1 26 | $33.8M | — | ||
| 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BCPCSAM
| Q1 26 | 12.5% | — | ||
| 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BCPCSAM
| Q1 26 | 2.3% | — | ||
| 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BCPCSAM
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.63× | 2.21× | ||
| Q2 25 | 1.23× | 2.09× | ||
| Q1 25 | 0.98× | 0.08× | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.52× | 3.46× | ||
| Q2 24 | 1.40× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
