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百富门（BF.B）与STEPAN CO（SCL）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STEPAN CO的1.9倍（$1.0B vs $553.9M）。百富门净利率更高（21.6% vs 0.9%，领先20.7%）。STEPAN CO同比增速更快（5.4% vs -5.4%）。百富门自由现金流更多（$107.0M vs $25.4M）。过去两年STEPAN CO的营收复合增速更高（0.2% 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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
BF.B vs SCL — 直观对比
营收规模更大
BF.B
是对方的1.9倍
$553.9M
营收增速更快
SCL
高出10.8%
-5.4%
净利率更高
BF.B
高出20.7%
0.9%
自由现金流更多
BF.B
多$81.6M
$25.4M
两年增速更快
SCL
近两年复合增速
-1.6%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $553.9M |
| 净利润 | $224.0M | $5.0M |
| 毛利率 | 59.4% | 9.3% |
| 营业利润率 | 29.4% | 1.9% |
| 净利率 | 21.6% | 0.9% |
| 营收同比 | -5.4% | 5.4% |
| 净利润同比 | -13.2% | 49.4% |
| 每股收益（稀释后） | $0.47 | $0.22 |
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.BSCL
| Q4 25 | $1.0B | $553.9M | ||
| Q3 25 | $924.0M | $590.3M | ||
| Q2 25 | $894.0M | $594.7M | ||
| Q1 25 | $1.0B | $593.3M | ||
| Q4 24 | $1.1B | $525.6M | ||
| Q3 24 | $951.0M | $546.8M | ||
| Q2 24 | $964.0M | $556.4M | ||
| Q1 24 | $1.1B | $551.4M |
净利润BF.BSCL
| Q4 25 | $224.0M | $5.0M | ||
| Q3 25 | $170.0M | $10.8M | ||
| Q2 25 | $146.0M | $11.3M | ||
| Q1 25 | $270.0M | $19.7M | ||
| Q4 24 | $258.0M | $3.4M | ||
| Q3 24 | $195.0M | $23.6M | ||
| Q2 24 | $266.0M | $9.5M | ||
| Q1 24 | $285.0M | $13.9M |
毛利率BF.BSCL
| Q4 25 | 59.4% | 9.3% | ||
| Q3 25 | 59.7% | 12.0% | ||
| Q2 25 | 57.4% | 12.1% | ||
| Q1 25 | 59.8% | 12.7% | ||
| Q4 24 | 59.0% | 10.8% | ||
| Q3 24 | 59.4% | 13.8% | ||
| Q2 24 | 59.0% | 12.5% | ||
| Q1 24 | 59.4% | 12.7% |
营业利润率BF.BSCL
| Q4 25 | 29.4% | 1.9% | ||
| Q3 25 | 28.1% | 3.7% | ||
| Q2 25 | 22.9% | 3.0% | ||
| Q1 25 | 27.1% | 4.8% | ||
| Q4 24 | 31.1% | 1.5% | ||
| Q3 24 | 29.5% | 4.4% | ||
| Q2 24 | 38.9% | 3.4% | ||
| Q1 24 | 34.9% | 3.7% |
净利率BF.BSCL
| Q4 25 | 21.6% | 0.9% | ||
| Q3 25 | 18.4% | 1.8% | ||
| Q2 25 | 16.3% | 1.9% | ||
| Q1 25 | 26.1% | 3.3% | ||
| Q4 24 | 23.6% | 0.6% | ||
| Q3 24 | 20.5% | 4.3% | ||
| Q2 24 | 27.6% | 1.7% | ||
| Q1 24 | 26.7% | 2.5% |
每股收益（稀释后）BF.BSCL
| Q4 25 | $0.47 | $0.22 | ||
| Q3 25 | $0.36 | $0.47 | ||
| Q2 25 | $0.31 | $0.50 | ||
| Q1 25 | $0.57 | $0.86 | ||
| Q4 24 | $0.55 | $0.14 | ||
| Q3 24 | $0.41 | $1.03 | ||
| Q2 24 | $0.56 | $0.42 | ||
| Q1 24 | $0.60 | $0.61 |
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 | $132.7M |
| 总债务越低越好 | $2.4B | $626.7M |
| 股东权益账面价值 | $4.1B | $1.2B |
| 总资产 | $8.2B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资BF.BSCL
| Q4 25 | $319.0M | $132.7M | ||
| Q3 25 | $471.0M | $118.5M | ||
| Q2 25 | $444.0M | $88.9M | ||
| Q1 25 | $599.0M | $107.5M | ||
| Q4 24 | $416.0M | $99.7M | ||
| Q3 24 | $416.0M | $147.3M | ||
| Q2 24 | $446.0M | $124.7M | ||
| Q1 24 | $589.0M | $125.8M |
总债务BF.BSCL
| Q4 25 | $2.4B | $626.7M | ||
| Q3 25 | $2.4B | $655.5M | ||
| Q2 25 | $2.4B | $658.0M | ||
| Q1 25 | $2.7B | $659.3M | ||
| Q4 24 | $2.7B | $625.4M | ||
| Q3 24 | $2.7B | $688.5M | ||
| Q2 24 | $2.7B | $657.1M | ||
| Q1 24 | $2.7B | $646.0M |
股东权益BF.BSCL
| Q4 25 | $4.1B | $1.2B | ||
| Q3 25 | $4.0B | $1.2B | ||
| Q2 25 | $4.0B | $1.2B | ||
| Q1 25 | $3.8B | $1.2B | ||
| Q4 24 | $3.7B | $1.2B | ||
| Q3 24 | $3.5B | $1.2B | ||
| Q2 24 | $3.5B | $1.2B | ||
| Q1 24 | $3.2B | $1.2B |
总资产BF.BSCL
| Q4 25 | $8.2B | $2.4B | ||
| Q3 25 | $8.2B | $2.4B | ||
| Q2 25 | $8.1B | $2.4B | ||
| Q1 25 | $8.1B | $2.4B | ||
| Q4 24 | $8.3B | $2.3B | ||
| Q3 24 | $8.2B | $2.4B | ||
| Q2 24 | $8.2B | $2.3B | ||
| Q1 24 | $8.2B | $2.4B |
负债/权益比BF.BSCL
| Q4 25 | 0.59× | 0.50× | ||
| Q3 25 | 0.61× | 0.53× | ||
| Q2 25 | 0.61× | 0.53× | ||
| Q1 25 | 0.70× | 0.55× | ||
| Q4 24 | 0.73× | 0.53× | ||
| Q3 24 | 0.77× | 0.56× | ||
| Q2 24 | 0.76× | 0.55× | ||
| Q1 24 | 0.83× | 0.53× |
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 | $60.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $25.4M |
| 自由现金流率自由现金流/营收 | 10.3% | 4.6% |
| 资本支出强度资本支出/营收 | 2.4% | 6.3% |
| 现金转化率经营现金流/净利润 | 0.59× | 11.99× |
| 过去12个月自由现金流最近4个季度 | $610.0M | $25.4M |
8季度趋势，按日历期对齐
经营现金流BF.BSCL
| Q4 25 | $132.0M | $60.0M | ||
| Q3 25 | $160.0M | $69.8M | ||
| Q2 25 | $152.0M | $11.2M | ||
| Q1 25 | $317.0M | $6.9M | ||
| Q4 24 | $112.0M | $68.3M | ||
| Q3 24 | $17.0M | $22.7M | ||
| Q2 24 | $285.0M | $29.5M | ||
| Q1 24 | $265.0M | $41.6M |
自由现金流BF.BSCL
| Q4 25 | $107.0M | $25.4M | ||
| Q3 25 | $129.0M | $40.2M | ||
| Q2 25 | $102.0M | $-14.4M | ||
| Q1 25 | $272.0M | $-25.8M | ||
| Q4 24 | $81.0M | $32.1M | ||
| Q3 24 | $-24.0M | $-4.0M | ||
| Q2 24 | $205.0M | $-208.0K | ||
| Q1 24 | $196.0M | $11.4M |
自由现金流率BF.BSCL
| Q4 25 | 10.3% | 4.6% | ||
| Q3 25 | 14.0% | 6.8% | ||
| Q2 25 | 11.4% | -2.4% | ||
| Q1 25 | 26.3% | -4.3% | ||
| Q4 24 | 7.4% | 6.1% | ||
| Q3 24 | -2.5% | -0.7% | ||
| Q2 24 | 21.3% | -0.0% | ||
| Q1 24 | 18.3% | 2.1% |
资本支出强度BF.BSCL
| Q4 25 | 2.4% | 6.3% | ||
| Q3 25 | 3.4% | 5.0% | ||
| Q2 25 | 5.6% | 4.3% | ||
| Q1 25 | 4.3% | 5.5% | ||
| Q4 24 | 2.8% | 6.9% | ||
| Q3 24 | 4.3% | 4.9% | ||
| Q2 24 | 8.3% | 5.3% | ||
| Q1 24 | 6.5% | 5.5% |
现金转化率BF.BSCL
| Q4 25 | 0.59× | 11.99× | ||
| Q3 25 | 0.94× | 6.44× | ||
| Q2 25 | 1.04× | 0.99× | ||
| Q1 25 | 1.17× | 0.35× | ||
| Q4 24 | 0.43× | 20.38× | ||
| Q3 24 | 0.09× | 0.96× | ||
| Q2 24 | 1.07× | 3.10× | ||
| Q1 24 | 0.93× | 2.99× |
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% |
SCL
| Surfactants | $401.8M | 73% |
| Polymers | $131.7M | 24% |
| Specialty Products | $20.4M | 4% |
