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百富门（BF.B）与摩森康胜饮品公司（TAP）财务数据对比。点击上方公司名可切换其他公司
摩森康胜饮品公司的季度营收约是百富门的3.0倍（$3.1B vs $1.0B）。百富门净利率更高（21.6% vs 7.6%，领先14.0%）。摩森康胜饮品公司同比增速更快（-3.6% vs -5.4%）。摩森康胜饮品公司自由现金流更多（$357.8M vs $107.0M）。过去两年摩森康胜饮品公司的营收复合增速更高（1.2% 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。
摩森康胜饮品公司是一家美加合资的跨国饮料酿造企业，旗下拥有多款知名酒精及非酒精饮品产品线，业务覆盖全球多个国家和地区，目前在伊利诺伊州芝加哥与魁北克省蒙特利尔设有双总部。
BF.B vs TAP — 直观对比
营收规模更大
TAP
是对方的3.0倍
$1.0B
营收增速更快
TAP
高出1.8%
-5.4%
净利率更高
BF.B
高出14.0%
7.6%
自由现金流更多
TAP
多$250.8M
$107.0M
两年增速更快
TAP
近两年复合增速
-1.6%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $3.1B |
| 净利润 | $224.0M | $238.3M |
| 毛利率 | 59.4% | 31.0% |
| 营业利润率 | 29.4% | 10.4% |
| 净利率 | 21.6% | 7.6% |
| 营收同比 | -5.4% | -3.6% |
| 净利润同比 | -13.2% | -17.2% |
| 每股收益（稀释后） | $0.47 | $1.32 |
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.BTAP
| Q4 25 | $1.0B | $3.1B | ||
| Q3 25 | $924.0M | $3.5B | ||
| Q2 25 | $894.0M | $3.7B | ||
| Q1 25 | $1.0B | $2.7B | ||
| Q4 24 | $1.1B | $3.2B | ||
| Q3 24 | $951.0M | $3.6B | ||
| Q2 24 | $964.0M | $3.8B | ||
| Q1 24 | $1.1B | $3.0B |
净利润BF.BTAP
| Q4 25 | $224.0M | $238.3M | ||
| Q3 25 | $170.0M | $-2.9B | ||
| Q2 25 | $146.0M | $428.7M | ||
| Q1 25 | $270.0M | $121.0M | ||
| Q4 24 | $258.0M | $287.8M | ||
| Q3 24 | $195.0M | $199.8M | ||
| Q2 24 | $266.0M | $427.0M | ||
| Q1 24 | $285.0M | $207.8M |
毛利率BF.BTAP
| Q4 25 | 59.4% | 31.0% | ||
| Q3 25 | 59.7% | 33.7% | ||
| Q2 25 | 57.4% | 34.3% | ||
| Q1 25 | 59.8% | 31.6% | ||
| Q4 24 | 59.0% | 32.0% | ||
| Q3 24 | 59.4% | 33.4% | ||
| Q2 24 | 59.0% | 34.6% | ||
| Q1 24 | 59.4% | 31.6% |
营业利润率BF.BTAP
| Q4 25 | 29.4% | 10.4% | ||
| Q3 25 | 28.1% | -98.5% | ||
| Q2 25 | 22.9% | 15.6% | ||
| Q1 25 | 27.1% | 6.9% | ||
| Q4 24 | 31.1% | 12.0% | ||
| Q3 24 | 29.5% | 12.5% | ||
| Q2 24 | 38.9% | 15.6% | ||
| Q1 24 | 34.9% | 10.3% |
净利率BF.BTAP
| Q4 25 | 21.6% | 7.6% | ||
| Q3 25 | 18.4% | -84.0% | ||
| Q2 25 | 16.3% | 11.5% | ||
| Q1 25 | 26.1% | 4.5% | ||
| Q4 24 | 23.6% | 8.9% | ||
| Q3 24 | 20.5% | 5.5% | ||
| Q2 24 | 27.6% | 11.1% | ||
| Q1 24 | 26.7% | 6.8% |
每股收益（稀释后）BF.BTAP
| Q4 25 | $0.47 | $1.32 | ||
| Q3 25 | $0.36 | $-14.79 | ||
| Q2 25 | $0.31 | $2.13 | ||
| Q1 25 | $0.57 | $0.59 | ||
| Q4 24 | $0.55 | $1.39 | ||
| Q3 24 | $0.41 | $0.96 | ||
| Q2 24 | $0.56 | $2.03 | ||
| Q1 24 | $0.60 | $0.97 |
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 | $896.5M |
| 总债务越低越好 | $2.4B | $6.3B |
| 股东权益账面价值 | $4.1B | $10.2B |
| 总资产 | $8.2B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资BF.BTAP
| Q4 25 | $319.0M | $896.5M | ||
| Q3 25 | $471.0M | $950.2M | ||
| Q2 25 | $444.0M | $613.8M | ||
| Q1 25 | $599.0M | $412.7M | ||
| Q4 24 | $416.0M | $969.3M | ||
| Q3 24 | $416.0M | $1.0B | ||
| Q2 24 | $446.0M | $1.6B | ||
| Q1 24 | $589.0M | $458.4M |
总债务BF.BTAP
| Q4 25 | $2.4B | $6.3B | ||
| Q3 25 | $2.4B | $6.3B | ||
| Q2 25 | $2.4B | $6.3B | ||
| Q1 25 | $2.7B | $6.2B | ||
| Q4 24 | $2.7B | $6.1B | ||
| Q3 24 | $2.7B | $6.2B | ||
| Q2 24 | $2.7B | $7.0B | ||
| Q1 24 | $2.7B | $6.2B |
股东权益BF.BTAP
| Q4 25 | $4.1B | $10.2B | ||
| Q3 25 | $4.0B | $10.3B | ||
| Q2 25 | $4.0B | $13.4B | ||
| Q1 25 | $3.8B | $13.1B | ||
| Q4 24 | $3.7B | $13.1B | ||
| Q3 24 | $3.5B | $13.3B | ||
| Q2 24 | $3.5B | $13.2B | ||
| Q1 24 | $3.2B | $13.1B |
总资产BF.BTAP
| Q4 25 | $8.2B | $22.7B | ||
| Q3 25 | $8.2B | $22.9B | ||
| Q2 25 | $8.1B | $26.8B | ||
| Q1 25 | $8.1B | $25.9B | ||
| Q4 24 | $8.3B | $26.1B | ||
| Q3 24 | $8.2B | $26.6B | ||
| Q2 24 | $8.2B | $27.4B | ||
| Q1 24 | $8.2B | $26.1B |
负债/权益比BF.BTAP
| Q4 25 | 0.59× | 0.61× | ||
| Q3 25 | 0.61× | 0.61× | ||
| Q2 25 | 0.61× | 0.47× | ||
| Q1 25 | 0.70× | 0.47× | ||
| Q4 24 | 0.73× | 0.47× | ||
| Q3 24 | 0.77× | 0.47× | ||
| Q2 24 | 0.76× | 0.53× | ||
| Q1 24 | 0.83× | 0.47× |
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 | $540.7M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $357.8M |
| 自由现金流率自由现金流/营收 | 10.3% | 11.4% |
| 资本支出强度资本支出/营收 | 2.4% | 5.9% |
| 现金转化率经营现金流/净利润 | 0.59× | 2.27× |
| 过去12个月自由现金流最近4个季度 | $610.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流BF.BTAP
| Q4 25 | $132.0M | $540.7M | ||
| Q3 25 | $160.0M | $616.1M | ||
| Q2 25 | $152.0M | $718.3M | ||
| Q1 25 | $317.0M | $-90.7M | ||
| Q4 24 | $112.0M | $494.5M | ||
| Q3 24 | $17.0M | $521.2M | ||
| Q2 24 | $285.0M | $869.2M | ||
| Q1 24 | $265.0M | $25.4M |
自由现金流BF.BTAP
| Q4 25 | $107.0M | $357.8M | ||
| Q3 25 | $129.0M | $483.0M | ||
| Q2 25 | $102.0M | $555.0M | ||
| Q1 25 | $272.0M | $-328.0M | ||
| Q4 24 | $81.0M | $383.4M | ||
| Q3 24 | $-24.0M | $350.4M | ||
| Q2 24 | $205.0M | $691.7M | ||
| Q1 24 | $196.0M | $-189.3M |
自由现金流率BF.BTAP
| Q4 25 | 10.3% | 11.4% | ||
| Q3 25 | 14.0% | 13.9% | ||
| Q2 25 | 11.4% | 14.8% | ||
| Q1 25 | 26.3% | -12.2% | ||
| Q4 24 | 7.4% | 11.8% | ||
| Q3 24 | -2.5% | 9.7% | ||
| Q2 24 | 21.3% | 18.0% | ||
| Q1 24 | 18.3% | -6.2% |
资本支出强度BF.BTAP
| Q4 25 | 2.4% | 5.9% | ||
| Q3 25 | 3.4% | 3.8% | ||
| Q2 25 | 5.6% | 4.4% | ||
| Q1 25 | 4.3% | 8.8% | ||
| Q4 24 | 2.8% | 3.4% | ||
| Q3 24 | 4.3% | 4.7% | ||
| Q2 24 | 8.3% | 4.6% | ||
| Q1 24 | 6.5% | 7.0% |
现金转化率BF.BTAP
| Q4 25 | 0.59× | 2.27× | ||
| Q3 25 | 0.94× | — | ||
| Q2 25 | 1.04× | 1.68× | ||
| Q1 25 | 1.17× | -0.75× | ||
| Q4 24 | 0.43× | 1.72× | ||
| Q3 24 | 0.09× | 2.61× | ||
| Q2 24 | 1.07× | 2.04× | ||
| Q1 24 | 0.93× | 0.12× |
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% |
TAP
暂无分部数据
