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百富门（BF.B）与TreeHouse Foods, Inc.（THS）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TreeHouse Foods, Inc.的1.2倍（$1.0B vs $840.3M）。百富门净利率更高（21.6% vs -31.6%，领先53.3%）。TreeHouse Foods, Inc.同比增速更快（0.1% vs -5.4%）。过去两年百富门的营收复合增速更高（-1.6% vs -3.9%）
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。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
BF.B vs THS — 直观对比
营收规模更大
BF.B
是对方的1.2倍
$840.3M
营收增速更快
THS
高出5.5%
-5.4%
净利率更高
BF.B
高出53.3%
-31.6%
两年增速更快
BF.B
近两年复合增速
-3.9%
损益表 — Q2 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $840.3M |
| 净利润 | $224.0M | $-265.8M |
| 毛利率 | 59.4% | 18.8% |
| 营业利润率 | 29.4% | -30.2% |
| 净利率 | 21.6% | -31.6% |
| 营收同比 | -5.4% | 0.1% |
| 净利润同比 | -13.2% | -7717.6% |
| 每股收益（稀释后） | $0.47 | $-5.26 |
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.BTHS
| Q4 25 | $1.0B | — | ||
| Q3 25 | $924.0M | $840.3M | ||
| Q2 25 | $894.0M | $798.0M | ||
| Q1 25 | $1.0B | $792.0M | ||
| Q4 24 | $1.1B | $905.7M | ||
| Q3 24 | $951.0M | $839.1M | ||
| Q2 24 | $964.0M | $788.5M | ||
| Q1 24 | $1.1B | $820.7M |
净利润BF.BTHS
| Q4 25 | $224.0M | — | ||
| Q3 25 | $170.0M | $-265.8M | ||
| Q2 25 | $146.0M | $-2.9M | ||
| Q1 25 | $270.0M | $-31.8M | ||
| Q4 24 | $258.0M | $58.7M | ||
| Q3 24 | $195.0M | $-3.4M | ||
| Q2 24 | $266.0M | $-16.7M | ||
| Q1 24 | $285.0M | $-11.7M |
毛利率BF.BTHS
| Q4 25 | 59.4% | — | ||
| Q3 25 | 59.7% | 18.8% | ||
| Q2 25 | 57.4% | 17.4% | ||
| Q1 25 | 59.8% | 14.5% | ||
| Q4 24 | 59.0% | 19.5% | ||
| Q3 24 | 59.4% | 15.6% | ||
| Q2 24 | 59.0% | 16.3% | ||
| Q1 24 | 59.4% | 13.6% |
营业利润率BF.BTHS
| Q4 25 | 29.4% | — | ||
| Q3 25 | 28.1% | -30.2% | ||
| Q2 25 | 22.9% | 3.4% | ||
| Q1 25 | 27.1% | -0.7% | ||
| Q4 24 | 31.1% | 8.9% | ||
| Q3 24 | 29.5% | 3.8% | ||
| Q2 24 | 38.9% | -0.5% | ||
| Q1 24 | 34.9% | -0.6% |
净利率BF.BTHS
| Q4 25 | 21.6% | — | ||
| Q3 25 | 18.4% | -31.6% | ||
| Q2 25 | 16.3% | -0.4% | ||
| Q1 25 | 26.1% | -4.0% | ||
| Q4 24 | 23.6% | 6.5% | ||
| Q3 24 | 20.5% | -0.4% | ||
| Q2 24 | 27.6% | -2.1% | ||
| Q1 24 | 26.7% | -1.4% |
每股收益（稀释后）BF.BTHS
| Q4 25 | $0.47 | — | ||
| Q3 25 | $0.36 | $-5.26 | ||
| Q2 25 | $0.31 | $-0.06 | ||
| Q1 25 | $0.57 | $-0.63 | ||
| Q4 24 | $0.55 | $1.12 | ||
| Q3 24 | $0.41 | $-0.07 | ||
| Q2 24 | $0.56 | $-0.32 | ||
| Q1 24 | $0.60 | $-0.22 |
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 | $21.0M |
| 总债务越低越好 | $2.4B | $1.5B |
| 股东权益账面价值 | $4.1B | $1.3B |
| 总资产 | $8.2B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.59× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资BF.BTHS
| Q4 25 | $319.0M | — | ||
| Q3 25 | $471.0M | $21.0M | ||
| Q2 25 | $444.0M | $17.1M | ||
| Q1 25 | $599.0M | $16.4M | ||
| Q4 24 | $416.0M | $289.6M | ||
| Q3 24 | $416.0M | $102.0M | ||
| Q2 24 | $446.0M | $105.8M | ||
| Q1 24 | $589.0M | $191.8M |
总债务BF.BTHS
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | $1.5B | ||
| Q2 25 | $2.4B | $1.5B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $2.7B | $1.4B | ||
| Q3 24 | $2.7B | $1.4B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.7B | $1.4B |
股东权益BF.BTHS
| Q4 25 | $4.1B | — | ||
| Q3 25 | $4.0B | $1.3B | ||
| Q2 25 | $4.0B | $1.5B | ||
| Q1 25 | $3.8B | $1.5B | ||
| Q4 24 | $3.7B | $1.5B | ||
| Q3 24 | $3.5B | $1.6B | ||
| Q2 24 | $3.5B | $1.6B | ||
| Q1 24 | $3.2B | $1.6B |
总资产BF.BTHS
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.2B | $3.8B | ||
| Q2 25 | $8.1B | $4.0B | ||
| Q1 25 | $8.1B | $3.9B | ||
| Q4 24 | $8.3B | $4.0B | ||
| Q3 24 | $8.2B | $4.0B | ||
| Q2 24 | $8.2B | $3.9B | ||
| Q1 24 | $8.2B | $4.0B |
负债/权益比BF.BTHS
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.61× | 1.18× | ||
| Q2 25 | 0.61× | 0.98× | ||
| Q1 25 | 0.70× | 0.93× | ||
| Q4 24 | 0.73× | 0.90× | ||
| Q3 24 | 0.77× | 0.90× | ||
| Q2 24 | 0.76× | 0.90× | ||
| Q1 24 | 0.83× | 0.87× |
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 | $38.2M |
| 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× | — |
| 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.BTHS
| Q4 25 | $132.0M | — | ||
| Q3 25 | $160.0M | $38.2M | ||
| Q2 25 | $152.0M | $-47.2M | ||
| Q1 25 | $317.0M | $-53.5M | ||
| Q4 24 | $112.0M | $296.2M | ||
| Q3 24 | $17.0M | $41.4M | ||
| Q2 24 | $285.0M | $-19.4M | ||
| Q1 24 | $265.0M | $-52.4M |
自由现金流BF.BTHS
| 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 | $-42.2M | ||
| Q1 24 | $196.0M | $-80.7M |
自由现金流率BF.BTHS
| 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% | -5.4% | ||
| Q1 24 | 18.3% | -9.8% |
资本支出强度BF.BTHS
| 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% | 2.9% | ||
| Q1 24 | 6.5% | 3.4% |
现金转化率BF.BTHS
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.94× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 0.43× | 5.05× | ||
| Q3 24 | 0.09× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 0.93× | — |
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% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
