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百富门（BF.B）与味好美（MKC）财务数据对比。点击上方公司名可切换其他公司
味好美的季度营收约是百富门的1.8倍（$1.9B vs $1.0B）。百富门净利率更高（21.6% vs 12.2%，领先9.4%）。味好美同比增速更快（2.9% vs -5.4%）。过去两年味好美的营收复合增速更高（7.5% 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。
味好美是美国知名食品企业，专业生产、营销并配送香辛料、复合调味料、调味酱及各类风味产品，客户覆盖零售终端、食品生产商及餐饮服务企业，是全球领先的风味产品供应商。
BF.B vs MKC — 直观对比
营收规模更大
MKC
是对方的1.8倍
$1.0B
营收增速更快
MKC
高出8.3%
-5.4%
净利率更高
BF.B
高出9.4%
12.2%
两年增速更快
MKC
近两年复合增速
-1.6%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.9B |
| 净利润 | $224.0M | $226.6M |
| 毛利率 | 59.4% | 38.9% |
| 营业利润率 | 29.4% | 16.8% |
| 净利率 | 21.6% | 12.2% |
| 营收同比 | -5.4% | 2.9% |
| 净利润同比 | -13.2% | 5.3% |
| 每股收益（稀释后） | $0.47 | $0.84 |
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.BMKC
| Q4 25 | $1.0B | $1.9B | ||
| Q3 25 | $924.0M | $1.7B | ||
| Q2 25 | $894.0M | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $951.0M | $1.7B | ||
| Q2 24 | $964.0M | $1.6B | ||
| Q1 24 | $1.1B | $1.6B |
净利润BF.BMKC
| Q4 25 | $224.0M | $226.6M | ||
| Q3 25 | $170.0M | $225.5M | ||
| Q2 25 | $146.0M | $175.0M | ||
| Q1 25 | $270.0M | $162.3M | ||
| Q4 24 | $258.0M | $215.2M | ||
| Q3 24 | $195.0M | $223.1M | ||
| Q2 24 | $266.0M | $184.2M | ||
| Q1 24 | $285.0M | $166.0M |
毛利率BF.BMKC
| Q4 25 | 59.4% | 38.9% | ||
| Q3 25 | 59.7% | 37.4% | ||
| Q2 25 | 57.4% | 37.5% | ||
| Q1 25 | 59.8% | 37.6% | ||
| Q4 24 | 59.0% | 40.2% | ||
| Q3 24 | 59.4% | 38.7% | ||
| Q2 24 | 59.0% | 37.7% | ||
| Q1 24 | 59.4% | 37.4% |
营业利润率BF.BMKC
| Q4 25 | 29.4% | 16.8% | ||
| Q3 25 | 28.1% | 16.7% | ||
| Q2 25 | 22.9% | 14.8% | ||
| Q1 25 | 27.1% | 14.0% | ||
| Q4 24 | 31.1% | 17.0% | ||
| Q3 24 | 29.5% | 17.1% | ||
| Q2 24 | 38.9% | 14.2% | ||
| Q1 24 | 34.9% | 14.6% |
净利率BF.BMKC
| Q4 25 | 21.6% | 12.2% | ||
| Q3 25 | 18.4% | 13.1% | ||
| Q2 25 | 16.3% | 10.5% | ||
| Q1 25 | 26.1% | 10.1% | ||
| Q4 24 | 23.6% | 12.0% | ||
| Q3 24 | 20.5% | 13.3% | ||
| Q2 24 | 27.6% | 11.2% | ||
| Q1 24 | 26.7% | 10.4% |
每股收益（稀释后）BF.BMKC
| Q4 25 | $0.47 | $0.84 | ||
| Q3 25 | $0.36 | $0.84 | ||
| Q2 25 | $0.31 | $0.65 | ||
| Q1 25 | $0.57 | $0.60 | ||
| Q4 24 | $0.55 | $0.79 | ||
| Q3 24 | $0.41 | $0.83 | ||
| Q2 24 | $0.56 | $0.68 | ||
| Q1 24 | $0.60 | $0.62 |
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 | $95.9M |
| 总债务越低越好 | $2.4B | $3.6B |
| 股东权益账面价值 | $4.1B | $5.7B |
| 总资产 | $8.2B | $13.2B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资BF.BMKC
| Q4 25 | $319.0M | $95.9M | ||
| Q3 25 | $471.0M | $94.9M | ||
| Q2 25 | $444.0M | $124.1M | ||
| Q1 25 | $599.0M | $102.8M | ||
| Q4 24 | $416.0M | $186.1M | ||
| Q3 24 | $416.0M | $200.8M | ||
| Q2 24 | $446.0M | $166.3M | ||
| Q1 24 | $589.0M | $178.0M |
总债务BF.BMKC
| Q4 25 | $2.4B | $3.6B | ||
| Q3 25 | $2.4B | $3.9B | ||
| Q2 25 | $2.4B | $3.9B | ||
| Q1 25 | $2.7B | $3.9B | ||
| Q4 24 | $2.7B | $3.9B | ||
| Q3 24 | $2.7B | $3.4B | ||
| Q2 24 | $2.7B | $4.1B | ||
| Q1 24 | $2.7B | $4.1B |
股东权益BF.BMKC
| Q4 25 | $4.1B | $5.7B | ||
| Q3 25 | $4.0B | $5.8B | ||
| Q2 25 | $4.0B | $5.6B | ||
| Q1 25 | $3.8B | $5.4B | ||
| Q4 24 | $3.7B | $5.3B | ||
| Q3 24 | $3.5B | $5.4B | ||
| Q2 24 | $3.5B | $5.3B | ||
| Q1 24 | $3.2B | $5.2B |
总资产BF.BMKC
| Q4 25 | $8.2B | $13.2B | ||
| Q3 25 | $8.2B | $13.2B | ||
| Q2 25 | $8.1B | $13.2B | ||
| Q1 25 | $8.1B | $12.9B | ||
| Q4 24 | $8.3B | $13.1B | ||
| Q3 24 | $8.2B | $13.2B | ||
| Q2 24 | $8.2B | $13.0B | ||
| Q1 24 | $8.2B | $12.9B |
负债/权益比BF.BMKC
| Q4 25 | 0.59× | 0.63× | ||
| Q3 25 | 0.61× | 0.67× | ||
| Q2 25 | 0.61× | 0.69× | ||
| Q1 25 | 0.70× | 0.71× | ||
| Q4 24 | 0.73× | 0.73× | ||
| Q3 24 | 0.77× | 0.63× | ||
| Q2 24 | 0.76× | 0.77× | ||
| Q1 24 | 0.83× | 0.79× |
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 | $542.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | — |
| 自由现金流率自由现金流/营收 | 10.3% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | 0.59× | 2.39× |
| 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.BMKC
| Q4 25 | $132.0M | $542.0M | ||
| Q3 25 | $160.0M | $258.8M | ||
| Q2 25 | $152.0M | $45.9M | ||
| Q1 25 | $317.0M | $115.5M | ||
| Q4 24 | $112.0M | $458.7M | ||
| Q3 24 | $17.0M | $161.7M | ||
| Q2 24 | $285.0M | $163.1M | ||
| Q1 24 | $265.0M | $138.4M |
自由现金流BF.BMKC
| Q4 25 | $107.0M | — | ||
| Q3 25 | $129.0M | $206.1M | ||
| Q2 25 | $102.0M | $-2.4M | ||
| Q1 25 | $272.0M | $78.4M | ||
| Q4 24 | $81.0M | — | ||
| Q3 24 | $-24.0M | $102.7M | ||
| Q2 24 | $205.0M | $94.8M | ||
| Q1 24 | $196.0M | $76.4M |
自由现金流率BF.BMKC
| Q4 25 | 10.3% | — | ||
| Q3 25 | 14.0% | 11.9% | ||
| Q2 25 | 11.4% | -0.1% | ||
| Q1 25 | 26.3% | 4.9% | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | -2.5% | 6.1% | ||
| Q2 24 | 21.3% | 5.8% | ||
| Q1 24 | 18.3% | 4.8% |
资本支出强度BF.BMKC
| Q4 25 | 2.4% | — | ||
| Q3 25 | 3.4% | 3.1% | ||
| Q2 25 | 5.6% | 2.9% | ||
| Q1 25 | 4.3% | 2.3% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 4.3% | 3.5% | ||
| Q2 24 | 8.3% | 4.2% | ||
| Q1 24 | 6.5% | 3.9% |
现金转化率BF.BMKC
| Q4 25 | 0.59× | 2.39× | ||
| Q3 25 | 0.94× | 1.15× | ||
| Q2 25 | 1.04× | 0.26× | ||
| Q1 25 | 1.17× | 0.71× | ||
| Q4 24 | 0.43× | 2.13× | ||
| Q3 24 | 0.09× | 0.72× | ||
| Q2 24 | 1.07× | 0.89× | ||
| Q1 24 | 0.93× | 0.83× |
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% |
MKC
| Consumer | $1.1B | 61% |
| Flavor Solutions | $723.1M | 39% |
