vs
百富门（BF.B）与MARZETTI CO（MZTI）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MARZETTI CO的2.0倍（$1.0B vs $518.0M）。百富门净利率更高（21.6% vs 11.4%，领先10.2%）。MARZETTI CO同比增速更快（1.7% vs -5.4%）。百富门自由现金流更多（$107.0M vs $70.9M）。过去两年MARZETTI CO的营收复合增速更高（4.8% 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。
T.马泽蒂公司是兰开斯特殖民地集团旗下的特色食品事业部，生产沙拉酱、果蔬蘸酱、冷冻烘焙食品及多款特色品牌产品，是俄亥俄州中部规模最大的食品饮料企业之一，总部位于俄亥俄州韦斯特维尔，由特蕾莎·马泽蒂创立。
BF.B vs MZTI — 直观对比
营收规模更大
BF.B
是对方的2.0倍
$518.0M
营收增速更快
MZTI
高出7.1%
-5.4%
净利率更高
BF.B
高出10.2%
11.4%
自由现金流更多
BF.B
多$36.1M
$70.9M
两年增速更快
MZTI
近两年复合增速
-1.6%
损益表 — Q2 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $518.0M |
| 净利润 | $224.0M | $59.1M |
| 毛利率 | 59.4% | 26.5% |
| 营业利润率 | 29.4% | 14.5% |
| 净利率 | 21.6% | 11.4% |
| 营收同比 | -5.4% | 1.7% |
| 净利润同比 | -13.2% | 20.6% |
| 每股收益（稀释后） | $0.47 | $2.15 |
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.BMZTI
| Q4 25 | $1.0B | $518.0M | ||
| Q3 25 | $924.0M | $493.5M | ||
| Q2 25 | $894.0M | $475.4M | ||
| Q1 25 | $1.0B | $457.8M | ||
| Q4 24 | $1.1B | $509.3M | ||
| Q3 24 | $951.0M | $466.6M | ||
| Q2 24 | $964.0M | $452.8M | ||
| Q1 24 | $1.1B | $471.4M |
净利润BF.BMZTI
| Q4 25 | $224.0M | $59.1M | ||
| Q3 25 | $170.0M | $47.2M | ||
| Q2 25 | $146.0M | $32.5M | ||
| Q1 25 | $270.0M | $41.1M | ||
| Q4 24 | $258.0M | $49.0M | ||
| Q3 24 | $195.0M | $44.7M | ||
| Q2 24 | $266.0M | $34.8M | ||
| Q1 24 | $285.0M | $28.4M |
毛利率BF.BMZTI
| Q4 25 | 59.4% | 26.5% | ||
| Q3 25 | 59.7% | 24.1% | ||
| Q2 25 | 57.4% | 22.3% | ||
| Q1 25 | 59.8% | 23.1% | ||
| Q4 24 | 59.0% | 26.1% | ||
| Q3 24 | 59.4% | 23.8% | ||
| Q2 24 | 59.0% | 21.6% | ||
| Q1 24 | 59.4% | 22.2% |
营业利润率BF.BMZTI
| Q4 25 | 29.4% | 14.5% | ||
| Q3 25 | 28.1% | 12.0% | ||
| Q2 25 | 22.9% | 8.2% | ||
| Q1 25 | 27.1% | 10.9% | ||
| Q4 24 | 31.1% | 14.9% | ||
| Q3 24 | 29.5% | 12.0% | ||
| Q2 24 | 38.9% | 9.2% | ||
| Q1 24 | 34.9% | 7.5% |
净利率BF.BMZTI
| Q4 25 | 21.6% | 11.4% | ||
| Q3 25 | 18.4% | 9.6% | ||
| Q2 25 | 16.3% | 6.8% | ||
| Q1 25 | 26.1% | 9.0% | ||
| Q4 24 | 23.6% | 9.6% | ||
| Q3 24 | 20.5% | 9.6% | ||
| Q2 24 | 27.6% | 7.7% | ||
| Q1 24 | 26.7% | 6.0% |
每股收益（稀释后）BF.BMZTI
| Q4 25 | $0.47 | $2.15 | ||
| Q3 25 | $0.36 | $1.71 | ||
| Q2 25 | $0.31 | $1.18 | ||
| Q1 25 | $0.57 | $1.49 | ||
| Q4 24 | $0.55 | $1.78 | ||
| Q3 24 | $0.41 | $1.62 | ||
| Q2 24 | $0.56 | $1.27 | ||
| Q1 24 | $0.60 | $1.03 |
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 | $201.6M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.1B | $1.0B |
| 总资产 | $8.2B | $1.3B |
| 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.BMZTI
| Q4 25 | $319.0M | $201.6M | ||
| Q3 25 | $471.0M | $182.2M | ||
| Q2 25 | $444.0M | $161.5M | ||
| Q1 25 | $599.0M | $124.6M | ||
| Q4 24 | $416.0M | $203.1M | ||
| Q3 24 | $416.0M | $135.1M | ||
| Q2 24 | $446.0M | $163.4M | ||
| Q1 24 | $589.0M | $164.8M |
总债务BF.BMZTI
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益BF.BMZTI
| Q4 25 | $4.1B | $1.0B | ||
| Q3 25 | $4.0B | $1.0B | ||
| Q2 25 | $4.0B | $998.5M | ||
| Q1 25 | $3.8B | $996.2M | ||
| Q4 24 | $3.7B | $979.9M | ||
| Q3 24 | $3.5B | $945.1M | ||
| Q2 24 | $3.5B | $925.8M | ||
| Q1 24 | $3.2B | $912.9M |
总资产BF.BMZTI
| Q4 25 | $8.2B | $1.3B | ||
| Q3 25 | $8.2B | $1.3B | ||
| Q2 25 | $8.1B | $1.3B | ||
| Q1 25 | $8.1B | $1.3B | ||
| Q4 24 | $8.3B | $1.2B | ||
| Q3 24 | $8.2B | $1.2B | ||
| Q2 24 | $8.2B | $1.2B | ||
| Q1 24 | $8.2B | $1.2B |
负债/权益比BF.BMZTI
| 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 | $88.6M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $70.9M |
| 自由现金流率自由现金流/营收 | 10.3% | 13.7% |
| 资本支出强度资本支出/营收 | 2.4% | 3.4% |
| 现金转化率经营现金流/净利润 | 0.59× | 1.50× |
| 过去12个月自由现金流最近4个季度 | $610.0M | $229.5M |
8季度趋势，按日历期对齐
经营现金流BF.BMZTI
| Q4 25 | $132.0M | $88.6M | ||
| Q3 25 | $160.0M | $69.5M | ||
| Q2 25 | $152.0M | $88.2M | ||
| Q1 25 | $317.0M | $45.8M | ||
| Q4 24 | $112.0M | $107.6M | ||
| Q3 24 | $17.0M | $19.9M | ||
| Q2 24 | $285.0M | $34.1M | ||
| Q1 24 | $265.0M | $75.9M |
自由现金流BF.BMZTI
| Q4 25 | $107.0M | $70.9M | ||
| Q3 25 | $129.0M | $53.9M | ||
| Q2 25 | $102.0M | $73.9M | ||
| Q1 25 | $272.0M | $30.8M | ||
| Q4 24 | $81.0M | $96.6M | ||
| Q3 24 | $-24.0M | $2.3M | ||
| Q2 24 | $205.0M | $18.5M | ||
| Q1 24 | $196.0M | $61.1M |
自由现金流率BF.BMZTI
| Q4 25 | 10.3% | 13.7% | ||
| Q3 25 | 14.0% | 10.9% | ||
| Q2 25 | 11.4% | 15.5% | ||
| Q1 25 | 26.3% | 6.7% | ||
| Q4 24 | 7.4% | 19.0% | ||
| Q3 24 | -2.5% | 0.5% | ||
| Q2 24 | 21.3% | 4.1% | ||
| Q1 24 | 18.3% | 13.0% |
资本支出强度BF.BMZTI
| Q4 25 | 2.4% | 3.4% | ||
| Q3 25 | 3.4% | 3.2% | ||
| Q2 25 | 5.6% | 3.0% | ||
| Q1 25 | 4.3% | 3.3% | ||
| Q4 24 | 2.8% | 2.2% | ||
| Q3 24 | 4.3% | 3.8% | ||
| Q2 24 | 8.3% | 3.4% | ||
| Q1 24 | 6.5% | 3.2% |
现金转化率BF.BMZTI
| Q4 25 | 0.59× | 1.50× | ||
| Q3 25 | 0.94× | 1.47× | ||
| Q2 25 | 1.04× | 2.71× | ||
| Q1 25 | 1.17× | 1.11× | ||
| Q4 24 | 0.43× | 2.20× | ||
| Q3 24 | 0.09× | 0.45× | ||
| Q2 24 | 1.07× | 0.98× | ||
| Q1 24 | 0.93× | 2.68× |
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% |
MZTI
| National Accounts | $177.4M | 34% |
| Dressings And Sauces | $169.5M | 33% |
| Frozen Breads And Other | $62.7M | 12% |
| Branded And Other | $54.8M | 11% |
| Refrigerated Dressings Dips And Other | $46.2M | 9% |
| Other Dressings And Sauces For TSA | $8.2M | 2% |
