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百富门（BF.B）与FLOWSERVE CORP（FLS）财务数据对比。点击上方公司名可切换其他公司
FLOWSERVE CORP的季度营收约是百富门的1.2倍（$1.2B vs $1.0B），百富门净利率更高（21.6% vs -2.4%，领先24.0%），FLOWSERVE CORP同比增速更快（3.5% vs -5.4%），百富门自由现金流更多（$107.0M vs $-25.6M），过去两年FLOWSERVE CORP的营收复合增速更高（6.0% 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。
Flowserve是美国跨国企业，也是全球领先的工业及环保机械供应商之一，主营泵、阀门、端面机械密封、自动化产品及相关服务，覆盖电力、油气、化工等多个行业，总部位于得克萨斯州欧文市，在全球50多国拥有近1.6万名员工，同时提供完善的售后服务。
BF.B vs FLS — 直观对比
营收规模更大
FLS
是对方的1.2倍
$1.0B
营收增速更快
FLS
高出8.9%
-5.4%
净利率更高
BF.B
高出24.0%
-2.4%
自由现金流更多
BF.B
多$132.6M
$-25.6M
两年增速更快
FLS
近两年复合增速
-1.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $224.0M | $-29.0M |
| 毛利率 | 59.4% | 34.8% |
| 营业利润率 | 29.4% | 3.5% |
| 净利率 | 21.6% | -2.4% |
| 营收同比 | -5.4% | 3.5% |
| 净利润同比 | -13.2% | -137.4% |
| 每股收益（稀释后） | $0.47 | $-0.21 |
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.BFLS
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $924.0M | $1.2B | ||
| Q2 25 | $894.0M | $1.2B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $951.0M | $1.1B | ||
| Q2 24 | $964.0M | $1.2B | ||
| Q1 24 | $1.1B | $1.1B |
净利润BF.BFLS
| Q4 25 | $224.0M | $-29.0M | ||
| Q3 25 | $170.0M | $219.6M | ||
| Q2 25 | $146.0M | $81.8M | ||
| Q1 25 | $270.0M | $73.9M | ||
| Q4 24 | $258.0M | $77.5M | ||
| Q3 24 | $195.0M | $58.4M | ||
| Q2 24 | $266.0M | $72.6M | ||
| Q1 24 | $285.0M | $74.2M |
毛利率BF.BFLS
| Q4 25 | 59.4% | 34.8% | ||
| Q3 25 | 59.7% | 32.4% | ||
| Q2 25 | 57.4% | 34.2% | ||
| Q1 25 | 59.8% | 32.3% | ||
| Q4 24 | 59.0% | 31.5% | ||
| Q3 24 | 59.4% | 31.5% | ||
| Q2 24 | 59.0% | 31.6% | ||
| Q1 24 | 59.4% | 31.2% |
营业利润率BF.BFLS
| Q4 25 | 29.4% | 3.5% | ||
| Q3 25 | 28.1% | 6.7% | ||
| Q2 25 | 22.9% | 12.3% | ||
| Q1 25 | 27.1% | 11.5% | ||
| Q4 24 | 31.1% | 10.6% | ||
| Q3 24 | 29.5% | 9.1% | ||
| Q2 24 | 38.9% | 10.5% | ||
| Q1 24 | 34.9% | 10.4% |
净利率BF.BFLS
| Q4 25 | 21.6% | -2.4% | ||
| Q3 25 | 18.4% | 18.7% | ||
| Q2 25 | 16.3% | 6.9% | ||
| Q1 25 | 26.1% | 6.5% | ||
| Q4 24 | 23.6% | 6.6% | ||
| Q3 24 | 20.5% | 5.2% | ||
| Q2 24 | 27.6% | 6.3% | ||
| Q1 24 | 26.7% | 6.8% |
每股收益（稀释后）BF.BFLS
| Q4 25 | $0.47 | $-0.21 | ||
| Q3 25 | $0.36 | $1.67 | ||
| Q2 25 | $0.31 | $0.62 | ||
| Q1 25 | $0.57 | $0.56 | ||
| Q4 24 | $0.55 | $0.59 | ||
| Q3 24 | $0.41 | $0.44 | ||
| Q2 24 | $0.56 | $0.55 | ||
| Q1 24 | $0.60 | $0.56 |
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 | $760.2M |
| 总债务越低越好 | $2.4B | $1.6B |
| 股东权益账面价值 | $4.1B | $2.2B |
| 总资产 | $8.2B | $5.7B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.72× |
8季度趋势，按日历期对齐
现金及短期投资BF.BFLS
| Q4 25 | $319.0M | $760.2M | ||
| Q3 25 | $471.0M | — | ||
| Q2 25 | $444.0M | — | ||
| Q1 25 | $599.0M | — | ||
| Q4 24 | $416.0M | $675.4M | ||
| Q3 24 | $416.0M | — | ||
| Q2 24 | $446.0M | — | ||
| Q1 24 | $589.0M | — |
总债务BF.BFLS
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | $1.5B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益BF.BFLS
| Q4 25 | $4.1B | $2.2B | ||
| Q3 25 | $4.0B | $2.3B | ||
| Q2 25 | $4.0B | $2.2B | ||
| Q1 25 | $3.8B | $2.1B | ||
| Q4 24 | $3.7B | $2.0B | ||
| Q3 24 | $3.5B | $2.1B | ||
| Q2 24 | $3.5B | $2.0B | ||
| Q1 24 | $3.2B | $2.0B |
总资产BF.BFLS
| Q4 25 | $8.2B | $5.7B | ||
| Q3 25 | $8.2B | $5.8B | ||
| Q2 25 | $8.1B | $5.7B | ||
| Q1 25 | $8.1B | $5.5B | ||
| Q4 24 | $8.3B | $5.5B | ||
| Q3 24 | $8.2B | $5.3B | ||
| Q2 24 | $8.2B | $5.2B | ||
| Q1 24 | $8.2B | $5.1B |
负债/权益比BF.BFLS
| Q4 25 | 0.59× | 0.72× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.73× | 0.75× | ||
| 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 | $-174.0K |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $-25.6M |
| 自由现金流率自由现金流/营收 | 10.3% | -2.1% |
| 资本支出强度资本支出/营收 | 2.4% | 2.1% |
| 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 | $435.0M |
8季度趋势，按日历期对齐
经营现金流BF.BFLS
| Q4 25 | $132.0M | $-174.0K | ||
| Q3 25 | $160.0M | $401.8M | ||
| Q2 25 | $152.0M | $154.1M | ||
| Q1 25 | $317.0M | $-49.9M | ||
| Q4 24 | $112.0M | $197.3M | ||
| Q3 24 | $17.0M | $178.5M | ||
| Q2 24 | $285.0M | $-12.8M | ||
| Q1 24 | $265.0M | $62.3M |
自由现金流BF.BFLS
| Q4 25 | $107.0M | $-25.6M | ||
| Q3 25 | $129.0M | $384.7M | ||
| Q2 25 | $102.0M | $137.5M | ||
| Q1 25 | $272.0M | $-61.7M | ||
| Q4 24 | $81.0M | $168.5M | ||
| Q3 24 | $-24.0M | $154.6M | ||
| Q2 24 | $205.0M | $-27.5M | ||
| Q1 24 | $196.0M | $48.6M |
自由现金流率BF.BFLS
| Q4 25 | 10.3% | -2.1% | ||
| Q3 25 | 14.0% | 32.8% | ||
| Q2 25 | 11.4% | 11.6% | ||
| Q1 25 | 26.3% | -5.4% | ||
| Q4 24 | 7.4% | 14.3% | ||
| Q3 24 | -2.5% | 13.6% | ||
| Q2 24 | 21.3% | -2.4% | ||
| Q1 24 | 18.3% | 4.5% |
资本支出强度BF.BFLS
| Q4 25 | 2.4% | 2.1% | ||
| Q3 25 | 3.4% | 1.5% | ||
| Q2 25 | 5.6% | 1.4% | ||
| Q1 25 | 4.3% | 1.0% | ||
| Q4 24 | 2.8% | 2.4% | ||
| Q3 24 | 4.3% | 2.1% | ||
| Q2 24 | 8.3% | 1.3% | ||
| Q1 24 | 6.5% | 1.3% |
现金转化率BF.BFLS
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.94× | 1.83× | ||
| Q2 25 | 1.04× | 1.89× | ||
| Q1 25 | 1.17× | -0.68× | ||
| Q4 24 | 0.43× | 2.55× | ||
| Q3 24 | 0.09× | 3.06× | ||
| Q2 24 | 1.07× | -0.18× | ||
| Q1 24 | 0.93× | 0.84× |
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% |
FLS
| Aftermarket Equipment | $563.4M | 46% |
| FCD | $390.3M | 32% |
| Original Equipment | $268.5M | 22% |
