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百富门（BF.B）与BELLRING BRANDS, INC.（BRBR）财务数据对比。点击上方公司名可切换其他公司
百富门的季度营收约是BELLRING BRANDS, INC.的1.9倍（$1.0B vs $537.3M）。百富门净利率更高（21.6% vs 8.1%，领先13.5%）。BELLRING BRANDS, INC.同比增速更快（0.8% vs -5.4%）。百富门自由现金流更多（$107.0M vs $-7.3M）。过去两年BELLRING BRANDS, INC.的营收复合增速更高（4.2% vs -1.6%）
百富门（Brown-Forman）是美国家族控股上市企业，属全球规模最大的葡萄酒及烈酒经营集团之一，总部位于肯塔基州路易斯维尔。旗下拥有杰克丹尼、伍德福德珍藏、格兰多纳等多个国际知名酒类品牌，曾持有的南方安逸等品牌已于2016年出售。
Bellring Brands是一家知名营养食品企业，研发、生产及销售蛋白饮料、蛋白棒、蛋白粉等功能性营养产品，旗下拥有Premier Protein、Dymatize等知名品牌，主要面向北美市场的健康及运动爱好者，通过零售、电商等多渠道发售。
BF.B vs BRBR — 直观对比
营收规模更大
BF.B
是对方的1.9倍
$537.3M
营收增速更快
BRBR
高出6.2%
-5.4%
净利率更高
BF.B
高出13.5%
8.1%
自由现金流更多
BF.B
多$114.3M
$-7.3M
两年增速更快
BRBR
近两年复合增速
-1.6%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $537.3M |
| 净利润 | $224.0M | $43.7M |
| 毛利率 | 59.4% | 29.9% |
| 营业利润率 | 29.4% | 14.6% |
| 净利率 | 21.6% | 8.1% |
| 营收同比 | -5.4% | 0.8% |
| 净利润同比 | -13.2% | -43.2% |
| 每股收益（稀释后） | $0.47 | $0.36 |
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BF.BBRBR
| Q4 25 | $1.0B | $537.3M | ||
| Q3 25 | $924.0M | $648.2M | ||
| Q2 25 | $894.0M | $547.5M | ||
| Q1 25 | $1.0B | $588.0M | ||
| Q4 24 | $1.1B | $532.9M | ||
| Q3 24 | $951.0M | $555.8M | ||
| Q2 24 | $964.0M | $515.4M | ||
| Q1 24 | $1.1B | $494.6M |
净利润BF.BBRBR
| Q4 25 | $224.0M | $43.7M | ||
| Q3 25 | $170.0M | $59.6M | ||
| Q2 25 | $146.0M | $21.0M | ||
| Q1 25 | $270.0M | $58.7M | ||
| Q4 24 | $258.0M | $76.9M | ||
| Q3 24 | $195.0M | $71.7M | ||
| Q2 24 | $266.0M | $73.7M | ||
| Q1 24 | $285.0M | $57.2M |
毛利率BF.BBRBR
| Q4 25 | 59.4% | 29.9% | ||
| Q3 25 | 59.7% | 28.9% | ||
| Q2 25 | 57.4% | 35.4% | ||
| Q1 25 | 59.8% | 32.3% | ||
| Q4 24 | 59.0% | 37.5% | ||
| Q3 24 | 59.4% | 36.9% | ||
| Q2 24 | 59.0% | 36.8% | ||
| Q1 24 | 59.4% | 33.2% |
营业利润率BF.BBRBR
| Q4 25 | 29.4% | 14.6% | ||
| Q3 25 | 28.1% | 15.8% | ||
| Q2 25 | 22.9% | 8.2% | ||
| Q1 25 | 27.1% | 16.2% | ||
| Q4 24 | 31.1% | 21.6% | ||
| Q3 24 | 29.5% | 20.2% | ||
| Q2 24 | 38.9% | 21.7% | ||
| Q1 24 | 34.9% | 18.4% |
净利率BF.BBRBR
| Q4 25 | 21.6% | 8.1% | ||
| Q3 25 | 18.4% | 9.2% | ||
| Q2 25 | 16.3% | 3.8% | ||
| Q1 25 | 26.1% | 10.0% | ||
| Q4 24 | 23.6% | 14.4% | ||
| Q3 24 | 20.5% | 12.9% | ||
| Q2 24 | 27.6% | 14.3% | ||
| Q1 24 | 26.7% | 11.6% |
每股收益（稀释后）BF.BBRBR
| Q4 25 | $0.47 | $0.36 | ||
| Q3 25 | $0.36 | $0.48 | ||
| Q2 25 | $0.31 | $0.16 | ||
| Q1 25 | $0.57 | $0.45 | ||
| Q4 24 | $0.55 | $0.59 | ||
| Q3 24 | $0.41 | $0.54 | ||
| Q2 24 | $0.56 | $0.56 | ||
| Q1 24 | $0.60 | $0.43 |
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 | $319.0M | $64.1M |
| 总债务越低越好 | $2.4B | $1.2B |
| 股东权益账面价值 | $4.1B | $-510.7M |
| 总资产 | $8.2B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资BF.BBRBR
| Q4 25 | $319.0M | $64.1M | ||
| Q3 25 | $471.0M | $71.8M | ||
| Q2 25 | $444.0M | $43.7M | ||
| Q1 25 | $599.0M | $28.1M | ||
| Q4 24 | $416.0M | $49.6M | ||
| Q3 24 | $416.0M | $70.8M | ||
| Q2 24 | $446.0M | $72.6M | ||
| Q1 24 | $589.0M | $79.3M |
总债务BF.BBRBR
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $2.4B | $1.0B | ||
| Q1 25 | $2.7B | $953.7M | ||
| Q4 24 | $2.7B | $833.4M | ||
| Q3 24 | $2.7B | $833.1M | ||
| Q2 24 | $2.7B | $832.7M | ||
| Q1 24 | $2.7B | $832.4M |
股东权益BF.BBRBR
| Q4 25 | $4.1B | $-510.7M | ||
| Q3 25 | $4.0B | $-453.9M | ||
| Q2 25 | $4.0B | $-309.9M | ||
| Q1 25 | $3.8B | $-254.1M | ||
| Q4 24 | $3.7B | $-146.6M | ||
| Q3 24 | $3.5B | $-205.9M | ||
| Q2 24 | $3.5B | $-243.2M | ||
| Q1 24 | $3.2B | $-247.7M |
总资产BF.BBRBR
| Q4 25 | $8.2B | $1.1B | ||
| Q3 25 | $8.2B | $941.0M | ||
| Q2 25 | $8.1B | $993.7M | ||
| Q1 25 | $8.1B | $947.5M | ||
| Q4 24 | $8.3B | $885.2M | ||
| Q3 24 | $8.2B | $837.0M | ||
| Q2 24 | $8.2B | $804.1M | ||
| Q1 24 | $8.2B | $765.0M |
负债/权益比BF.BBRBR
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.83× | — |
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 | $132.0M | $-3.1M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $-7.3M |
| 自由现金流率自由现金流/营收 | 10.3% | -1.4% |
| 资本支出强度资本支出/营收 | 2.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 0.59× | -0.07× |
| 过去12个月自由现金流最近4个季度 | $610.0M | $246.9M |
8季度趋势，按日历期对齐
经营现金流BF.BBRBR
| Q4 25 | $132.0M | $-3.1M | ||
| Q3 25 | $160.0M | $169.1M | ||
| Q2 25 | $152.0M | $40.3M | ||
| Q1 25 | $317.0M | $48.2M | ||
| Q4 24 | $112.0M | $3.0M | ||
| Q3 24 | $17.0M | $40.1M | ||
| Q2 24 | $285.0M | $69.0M | ||
| Q1 24 | $265.0M | $16.3M |
自由现金流BF.BBRBR
| Q4 25 | $107.0M | $-7.3M | ||
| Q3 25 | $129.0M | $168.1M | ||
| Q2 25 | $102.0M | $38.5M | ||
| Q1 25 | $272.0M | $47.6M | ||
| Q4 24 | $81.0M | $1.7M | ||
| Q3 24 | $-24.0M | $38.9M | ||
| Q2 24 | $205.0M | $68.9M | ||
| Q1 24 | $196.0M | $16.0M |
自由现金流率BF.BBRBR
| Q4 25 | 10.3% | -1.4% | ||
| Q3 25 | 14.0% | 25.9% | ||
| Q2 25 | 11.4% | 7.0% | ||
| Q1 25 | 26.3% | 8.1% | ||
| Q4 24 | 7.4% | 0.3% | ||
| Q3 24 | -2.5% | 7.0% | ||
| Q2 24 | 21.3% | 13.4% | ||
| Q1 24 | 18.3% | 3.2% |
资本支出强度BF.BBRBR
| Q4 25 | 2.4% | 0.8% | ||
| Q3 25 | 3.4% | 0.2% | ||
| Q2 25 | 5.6% | 0.3% | ||
| Q1 25 | 4.3% | 0.1% | ||
| Q4 24 | 2.8% | 0.2% | ||
| Q3 24 | 4.3% | 0.2% | ||
| Q2 24 | 8.3% | 0.0% | ||
| Q1 24 | 6.5% | 0.1% |
现金转化率BF.BBRBR
| Q4 25 | 0.59× | -0.07× | ||
| Q3 25 | 0.94× | 2.84× | ||
| Q2 25 | 1.04× | 1.92× | ||
| Q1 25 | 1.17× | 0.82× | ||
| Q4 24 | 0.43× | 0.04× | ||
| Q3 24 | 0.09× | 0.56× | ||
| Q2 24 | 1.07× | 0.94× | ||
| Q1 24 | 0.93× | 0.28× |
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
BF.B
| Whiskey | $771.0M | 74% |
| Ready To Drink | $138.0M | 13% |
| Tequila | $67.0M | 6% |
| Restofportfolio | $52.0M | 5% |
| Nonbrandedandbulk | $8.0M | 1% |
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
