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百富门（BF.B）与BRC Inc.（BRCC）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BRC Inc.的9.2倍（$1.0B vs $112.7M）。百富门净利率更高（21.6% vs -2.8%，领先24.5%）。BRC Inc.同比增速更快（6.5% vs -5.4%）。百富门自由现金流更多（$107.0M vs $-9.4M）。过去两年BRC Inc.的营收复合增速更高（7.0% 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。
BRC Inc.是一家美国高端咖啡与生活方式品牌，主营烘焙咖啡豆、即饮咖啡饮品、品牌服饰及户外装备，核心客群包含退伍军人、急救人员与户外爱好者，在北美地区通过电商及线下实体门店渠道销售产品。
BF.B vs BRCC — 直观对比
营收规模更大
BF.B
是对方的9.2倍
$112.7M
营收增速更快
BRCC
高出11.9%
-5.4%
净利率更高
BF.B
高出24.5%
-2.8%
自由现金流更多
BF.B
多$116.4M
$-9.4M
两年增速更快
BRCC
近两年复合增速
-1.6%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $112.7M |
| 净利润 | $224.0M | $-3.2M |
| 毛利率 | 59.4% | 32.1% |
| 营业利润率 | 29.4% | -6.3% |
| 净利率 | 21.6% | -2.8% |
| 营收同比 | -5.4% | 6.5% |
| 净利润同比 | -13.2% | -29.3% |
| 每股收益（稀释后） | $0.47 | $-0.02 |
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.BBRCC
| Q4 25 | $1.0B | $112.7M | ||
| Q3 25 | $924.0M | $100.7M | ||
| Q2 25 | $894.0M | $94.8M | ||
| Q1 25 | $1.0B | $90.0M | ||
| Q4 24 | $1.1B | $105.9M | ||
| Q3 24 | $951.0M | $98.2M | ||
| Q2 24 | $964.0M | $89.0M | ||
| Q1 24 | $1.1B | $98.4M |
净利润BF.BBRCC
| Q4 25 | $224.0M | $-3.2M | ||
| Q3 25 | $170.0M | $-486.0K | ||
| Q2 25 | $146.0M | $-5.3M | ||
| Q1 25 | $270.0M | $-2.9M | ||
| Q4 24 | $258.0M | $-2.5M | ||
| Q3 24 | $195.0M | $-535.0K | ||
| Q2 24 | $266.0M | $-482.0K | ||
| Q1 24 | $285.0M | $548.0K |
毛利率BF.BBRCC
| Q4 25 | 59.4% | 32.1% | ||
| Q3 25 | 59.7% | 36.9% | ||
| Q2 25 | 57.4% | 33.9% | ||
| Q1 25 | 59.8% | 36.1% | ||
| Q4 24 | 59.0% | 38.1% | ||
| Q3 24 | 59.4% | 42.1% | ||
| Q2 24 | 59.0% | 41.9% | ||
| Q1 24 | 59.4% | 42.9% |
营业利润率BF.BBRCC
| Q4 25 | 29.4% | -6.3% | ||
| Q3 25 | 28.1% | 0.5% | ||
| Q2 25 | 22.9% | -13.3% | ||
| Q1 25 | 27.1% | -6.0% | ||
| Q4 24 | 31.1% | -2.1% | ||
| Q3 24 | 29.5% | 1.1% | ||
| Q2 24 | 38.9% | 1.1% | ||
| Q1 24 | 34.9% | 4.0% |
净利率BF.BBRCC
| Q4 25 | 21.6% | -2.8% | ||
| Q3 25 | 18.4% | -0.5% | ||
| Q2 25 | 16.3% | -5.6% | ||
| Q1 25 | 26.1% | -3.2% | ||
| Q4 24 | 23.6% | -2.3% | ||
| Q3 24 | 20.5% | -0.5% | ||
| Q2 24 | 27.6% | -0.5% | ||
| Q1 24 | 26.7% | 0.6% |
每股收益（稀释后）BF.BBRCC
| Q4 25 | $0.47 | $-0.02 | ||
| Q3 25 | $0.36 | $0.00 | ||
| Q2 25 | $0.31 | $-0.07 | ||
| Q1 25 | $0.57 | $-0.04 | ||
| Q4 24 | $0.55 | $-0.03 | ||
| Q3 24 | $0.41 | $-0.01 | ||
| Q2 24 | $0.56 | $-0.01 | ||
| Q1 24 | $0.60 | $0.01 |
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 | $4.3M |
| 总债务越低越好 | $2.4B | $34.7M |
| 股东权益账面价值 | $4.1B | $45.7M |
| 总资产 | $8.2B | $209.2M |
| 负债/权益比越低杠杆越低 | 0.59× | 0.76× |
8季度趋势，按日历期对齐
现金及短期投资BF.BBRCC
| Q4 25 | $319.0M | $4.3M | ||
| Q3 25 | $471.0M | $9.5M | ||
| Q2 25 | $444.0M | $4.3M | ||
| Q1 25 | $599.0M | $3.9M | ||
| Q4 24 | $416.0M | $6.8M | ||
| Q3 24 | $416.0M | $7.3M | ||
| Q2 24 | $446.0M | $9.6M | ||
| Q1 24 | $589.0M | $4.0M |
总债务BF.BBRCC
| Q4 25 | $2.4B | $34.7M | ||
| Q3 25 | $2.4B | $35.0M | ||
| Q2 25 | $2.4B | $72.7M | ||
| Q1 25 | $2.7B | $68.8M | ||
| Q4 24 | $2.7B | $65.1M | ||
| Q3 24 | $2.7B | $64.9M | ||
| Q2 24 | $2.7B | $66.5M | ||
| Q1 24 | $2.7B | $61.5M |
股东权益BF.BBRCC
| Q4 25 | $4.1B | $45.7M | ||
| Q3 25 | $4.0B | $48.0M | ||
| Q2 25 | $4.0B | $10.1M | ||
| Q1 25 | $3.8B | $11.2M | ||
| Q4 24 | $3.7B | $13.2M | ||
| Q3 24 | $3.5B | $14.5M | ||
| Q2 24 | $3.5B | $14.9M | ||
| Q1 24 | $3.2B | $14.6M |
总资产BF.BBRCC
| Q4 25 | $8.2B | $209.2M | ||
| Q3 25 | $8.2B | $222.4M | ||
| Q2 25 | $8.1B | $225.3M | ||
| Q1 25 | $8.1B | $222.9M | ||
| Q4 24 | $8.3B | $227.4M | ||
| Q3 24 | $8.2B | $233.7M | ||
| Q2 24 | $8.2B | $229.9M | ||
| Q1 24 | $8.2B | $227.2M |
负债/权益比BF.BBRCC
| Q4 25 | 0.59× | 0.76× | ||
| Q3 25 | 0.61× | 0.73× | ||
| Q2 25 | 0.61× | 7.19× | ||
| Q1 25 | 0.70× | 6.15× | ||
| Q4 24 | 0.73× | 4.94× | ||
| Q3 24 | 0.77× | 4.47× | ||
| Q2 24 | 0.76× | 4.46× | ||
| Q1 24 | 0.83× | 4.21× |
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 | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $-9.4M |
| 自由现金流率自由现金流/营收 | 10.3% | -8.3% |
| 资本支出强度资本支出/营收 | 2.4% | 0.6% |
| 现金转化率经营现金流/净利润 | 0.59× | — |
| 过去12个月自由现金流最近4个季度 | $610.0M | $-13.5M |
8季度趋势，按日历期对齐
经营现金流BF.BBRCC
| Q4 25 | $132.0M | $-8.7M | ||
| Q3 25 | $160.0M | $6.4M | ||
| Q2 25 | $152.0M | $-3.3M | ||
| Q1 25 | $317.0M | $-4.1M | ||
| Q4 24 | $112.0M | $2.2M | ||
| Q3 24 | $17.0M | $1.9M | ||
| Q2 24 | $285.0M | $2.3M | ||
| Q1 24 | $265.0M | $4.9M |
自由现金流BF.BBRCC
| Q4 25 | $107.0M | $-9.4M | ||
| Q3 25 | $129.0M | $5.6M | ||
| Q2 25 | $102.0M | $-4.3M | ||
| Q1 25 | $272.0M | $-5.3M | ||
| Q4 24 | $81.0M | $504.0K | ||
| Q3 24 | $-24.0M | $-205.0K | ||
| Q2 24 | $205.0M | $147.0K | ||
| Q1 24 | $196.0M | $2.2M |
自由现金流率BF.BBRCC
| Q4 25 | 10.3% | -8.3% | ||
| Q3 25 | 14.0% | 5.5% | ||
| Q2 25 | 11.4% | -4.5% | ||
| Q1 25 | 26.3% | -5.9% | ||
| Q4 24 | 7.4% | 0.5% | ||
| Q3 24 | -2.5% | -0.2% | ||
| Q2 24 | 21.3% | 0.2% | ||
| Q1 24 | 18.3% | 2.2% |
资本支出强度BF.BBRCC
| Q4 25 | 2.4% | 0.6% | ||
| Q3 25 | 3.4% | 0.8% | ||
| Q2 25 | 5.6% | 1.0% | ||
| Q1 25 | 4.3% | 1.3% | ||
| Q4 24 | 2.8% | 1.6% | ||
| Q3 24 | 4.3% | 2.2% | ||
| Q2 24 | 8.3% | 2.4% | ||
| Q1 24 | 6.5% | 2.8% |
现金转化率BF.BBRCC
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.94× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.09× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 0.93× | 8.97× |
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% |
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
