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百富门（BF.B）与美泰（MAT）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美泰的1.2倍（$1.0B vs $862.2M），百富门净利率更高（21.6% vs 7.1%，领先14.5%），美泰同比增速更快（4.3% vs -5.4%），百富门自由现金流更多（$107.0M vs $-88.1M），过去两年百富门的营收复合增速更高（-1.6% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
BF.B vs MAT — 直观对比
营收规模更大
BF.B
是对方的1.2倍
$862.2M
营收增速更快
MAT
高出9.7%
-5.4%
净利率更高
BF.B
高出14.5%
7.1%
自由现金流更多
BF.B
多$195.1M
$-88.1M
两年增速更快
BF.B
近两年复合增速
-10.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $862.2M |
| 净利润 | $224.0M | $61.0M |
| 毛利率 | 59.4% | 44.9% |
| 营业利润率 | 29.4% | — |
| 净利率 | 21.6% | 7.1% |
| 营收同比 | -5.4% | 4.3% |
| 净利润同比 | -13.2% | 251.4% |
| 每股收益（稀释后） | $0.47 | $0.20 |
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.BMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $1.0B | $1.8B | ||
| Q3 25 | $924.0M | $1.7B | ||
| Q2 25 | $894.0M | $1.0B | ||
| Q1 25 | $1.0B | $826.6M | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $951.0M | $1.8B | ||
| Q2 24 | $964.0M | $1.1B |
净利润BF.BMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $224.0M | $106.2M | ||
| Q3 25 | $170.0M | $278.4M | ||
| Q2 25 | $146.0M | $53.4M | ||
| Q1 25 | $270.0M | $-40.3M | ||
| Q4 24 | $258.0M | $140.9M | ||
| Q3 24 | $195.0M | $372.4M | ||
| Q2 24 | $266.0M | $56.9M |
毛利率BF.BMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 59.4% | 45.9% | ||
| Q3 25 | 59.7% | 50.0% | ||
| Q2 25 | 57.4% | 50.9% | ||
| Q1 25 | 59.8% | 49.4% | ||
| Q4 24 | 59.0% | 50.7% | ||
| Q3 24 | 59.4% | 53.1% | ||
| Q2 24 | 59.0% | 49.2% |
营业利润率BF.BMAT
| Q1 26 | — | — | ||
| Q4 25 | 29.4% | 8.0% | ||
| Q3 25 | 28.1% | 21.9% | ||
| Q2 25 | 22.9% | 7.7% | ||
| Q1 25 | 27.1% | -6.4% | ||
| Q4 24 | 31.1% | 9.6% | ||
| Q3 24 | 29.5% | 26.5% | ||
| Q2 24 | 38.9% | 7.7% |
净利率BF.BMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 21.6% | 6.0% | ||
| Q3 25 | 18.4% | 16.0% | ||
| Q2 25 | 16.3% | 5.2% | ||
| Q1 25 | 26.1% | -4.9% | ||
| Q4 24 | 23.6% | 8.6% | ||
| Q3 24 | 20.5% | 20.2% | ||
| Q2 24 | 27.6% | 5.3% |
每股收益（稀释后）BF.BMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.47 | $0.32 | ||
| Q3 25 | $0.36 | $0.88 | ||
| Q2 25 | $0.31 | $0.16 | ||
| Q1 25 | $0.57 | $-0.12 | ||
| Q4 24 | $0.55 | $0.40 | ||
| Q3 24 | $0.41 | $1.09 | ||
| Q2 24 | $0.56 | $0.17 |
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 | $866.0M |
| 总债务越低越好 | $2.4B | $2.3B |
| 股东权益账面价值 | $4.1B | $2.1B |
| 总资产 | $8.2B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.59× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资BF.BMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $319.0M | $1.2B | ||
| Q3 25 | $471.0M | $691.9M | ||
| Q2 25 | $444.0M | $870.5M | ||
| Q1 25 | $599.0M | $1.2B | ||
| Q4 24 | $416.0M | $1.4B | ||
| Q3 24 | $416.0M | $723.5M | ||
| Q2 24 | $446.0M | $722.4M |
总债务BF.BMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.4B | $2.3B | ||
| Q3 25 | $2.4B | $2.3B | ||
| Q2 25 | $2.4B | $2.3B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | $2.7B | $2.3B | ||
| Q3 24 | $2.7B | $2.3B | ||
| Q2 24 | $2.7B | $2.3B |
股东权益BF.BMAT
| Q1 26 | — | $2.1B | ||
| 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 | $2.3B | ||
| Q3 24 | $3.5B | $2.3B | ||
| Q2 24 | $3.5B | $2.0B |
总资产BF.BMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $8.2B | $6.6B | ||
| Q3 25 | $8.2B | $6.6B | ||
| Q2 25 | $8.1B | $6.2B | ||
| Q1 25 | $8.1B | $6.2B | ||
| Q4 24 | $8.3B | $6.5B | ||
| Q3 24 | $8.2B | $6.5B | ||
| Q2 24 | $8.2B | $5.9B |
负债/权益比BF.BMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.59× | 1.04× | ||
| Q3 25 | 0.61× | 1.03× | ||
| Q2 25 | 0.61× | 1.08× | ||
| Q1 25 | 0.70× | 1.10× | ||
| Q4 24 | 0.73× | 1.03× | ||
| Q3 24 | 0.77× | 1.01× | ||
| Q2 24 | 0.76× | 1.18× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $-88.1M |
| 自由现金流率自由现金流/营收 | 10.3% | -10.2% |
| 资本支出强度资本支出/营收 | 2.4% | 7.6% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流BF.BMAT
| Q1 26 | — | — | ||
| Q4 25 | $132.0M | $796.6M | ||
| Q3 25 | $160.0M | $72.0M | ||
| Q2 25 | $152.0M | $-300.1M | ||
| Q1 25 | $317.0M | $24.8M | ||
| Q4 24 | $112.0M | $862.1M | ||
| Q3 24 | $17.0M | $155.8M | ||
| Q2 24 | $285.0M | $-252.9M |
自由现金流BF.BMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $129.0M | — | ||
| Q2 25 | $102.0M | — | ||
| Q1 25 | $272.0M | — | ||
| Q4 24 | $81.0M | — | ||
| Q3 24 | $-24.0M | — | ||
| Q2 24 | $205.0M | — |
自由现金流率BF.BMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 10.3% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 26.3% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | -2.5% | — | ||
| Q2 24 | 21.3% | — |
资本支出强度BF.BMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 8.3% | — |
现金转化率BF.BMAT
| Q1 26 | — | — | ||
| Q4 25 | 0.59× | 7.50× | ||
| Q3 25 | 0.94× | 0.26× | ||
| Q2 25 | 1.04× | -5.62× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 0.43× | 6.12× | ||
| Q3 24 | 0.09× | 0.42× | ||
| Q2 24 | 1.07× | -4.45× |
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% |
MAT
暂无分部数据
