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百富门（BF.B）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）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ADVANCED DRAINAGE SYSTEMS, INC.的1.5倍（$1.0B vs $693.4M），百富门净利率更高（21.6% vs 13.5%，领先8.1%），ADVANCED DRAINAGE SYSTEMS, INC.同比增速更快（0.4% vs -5.4%），ADVANCED DRAINAGE SYSTEMS, INC.自由现金流更多（$183.6M vs $107.0M），过去两年ADVANCED DRAINAGE SYSTEMS, INC.的营收复合增速更高（3.0% 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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
BF.B vs WMS — 直观对比
营收规模更大
BF.B
是对方的1.5倍
$693.4M
营收增速更快
WMS
高出5.8%
-5.4%
净利率更高
BF.B
高出8.1%
13.5%
自由现金流更多
WMS
多$76.6M
$107.0M
两年增速更快
WMS
近两年复合增速
-1.6%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $693.4M |
| 净利润 | $224.0M | $93.6M |
| 毛利率 | 59.4% | 37.4% |
| 营业利润率 | 29.4% | 19.7% |
| 净利率 | 21.6% | 13.5% |
| 营收同比 | -5.4% | 0.4% |
| 净利润同比 | -13.2% | 15.3% |
| 每股收益（稀释后） | $0.47 | $1.19 |
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.BWMS
| Q4 25 | $1.0B | $693.4M | ||
| Q3 25 | $924.0M | $850.4M | ||
| Q2 25 | $894.0M | $829.9M | ||
| Q1 25 | $1.0B | $615.8M | ||
| Q4 24 | $1.1B | $690.5M | ||
| Q3 24 | $951.0M | $782.6M | ||
| Q2 24 | $964.0M | $815.3M | ||
| Q1 24 | $1.1B | $653.8M |
净利润BF.BWMS
| Q4 25 | $224.0M | $93.6M | ||
| Q3 25 | $170.0M | $156.0M | ||
| Q2 25 | $146.0M | $143.9M | ||
| Q1 25 | $270.0M | $77.2M | ||
| Q4 24 | $258.0M | $81.2M | ||
| Q3 24 | $195.0M | $130.4M | ||
| Q2 24 | $266.0M | $161.4M | ||
| Q1 24 | $285.0M | $94.8M |
毛利率BF.BWMS
| Q4 25 | 59.4% | 37.4% | ||
| Q3 25 | 59.7% | 40.0% | ||
| Q2 25 | 57.4% | 39.8% | ||
| Q1 25 | 59.8% | 36.7% | ||
| Q4 24 | 59.0% | 35.0% | ||
| Q3 24 | 59.4% | 37.6% | ||
| Q2 24 | 59.0% | 40.8% | ||
| Q1 24 | 59.4% | 38.5% |
营业利润率BF.BWMS
| Q4 25 | 29.4% | 19.7% | ||
| Q3 25 | 28.1% | 26.3% | ||
| Q2 25 | 22.9% | 24.8% | ||
| Q1 25 | 27.1% | 19.0% | ||
| Q4 24 | 31.1% | 18.4% | ||
| Q3 24 | 29.5% | 23.9% | ||
| Q2 24 | 38.9% | 27.7% | ||
| Q1 24 | 34.9% | 20.7% |
净利率BF.BWMS
| Q4 25 | 21.6% | 13.5% | ||
| Q3 25 | 18.4% | 18.3% | ||
| Q2 25 | 16.3% | 17.3% | ||
| Q1 25 | 26.1% | 12.5% | ||
| Q4 24 | 23.6% | 11.8% | ||
| Q3 24 | 20.5% | 16.7% | ||
| Q2 24 | 27.6% | 19.8% | ||
| Q1 24 | 26.7% | 14.5% |
每股收益（稀释后）BF.BWMS
| Q4 25 | $0.47 | $1.19 | ||
| Q3 25 | $0.36 | $1.99 | ||
| Q2 25 | $0.31 | $1.84 | ||
| Q1 25 | $0.57 | $0.99 | ||
| Q4 24 | $0.55 | $1.04 | ||
| Q3 24 | $0.41 | $1.67 | ||
| Q2 24 | $0.56 | $2.06 | ||
| Q1 24 | $0.60 | $1.22 |
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 | $1.0B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.1B | $1.9B |
| 总资产 | $8.2B | $4.1B |
| 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.BWMS
| Q4 25 | $319.0M | $1.0B | ||
| Q3 25 | $471.0M | $812.9M | ||
| Q2 25 | $444.0M | $638.3M | ||
| Q1 25 | $599.0M | $463.3M | ||
| Q4 24 | $416.0M | $488.9M | ||
| Q3 24 | $416.0M | $613.0M | ||
| Q2 24 | $446.0M | $541.6M | ||
| Q1 24 | $589.0M | $490.2M |
总债务BF.BWMS
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | $1.3B |
股东权益BF.BWMS
| Q4 25 | $4.1B | $1.9B | ||
| Q3 25 | $4.0B | $1.8B | ||
| Q2 25 | $4.0B | $1.7B | ||
| Q1 25 | $3.8B | $1.5B | ||
| Q4 24 | $3.7B | $1.5B | ||
| Q3 24 | $3.5B | $1.4B | ||
| Q2 24 | $3.5B | $1.3B | ||
| Q1 24 | $3.2B | $1.2B |
总资产BF.BWMS
| Q4 25 | $8.2B | $4.1B | ||
| Q3 25 | $8.2B | $4.1B | ||
| Q2 25 | $8.1B | $3.9B | ||
| Q1 25 | $8.1B | $3.7B | ||
| Q4 24 | $8.3B | $3.6B | ||
| Q3 24 | $8.2B | $3.5B | ||
| Q2 24 | $8.2B | $3.4B | ||
| Q1 24 | $8.2B | $3.3B |
负债/权益比BF.BWMS
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.70× | 0.83× | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.83× | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $183.6M |
| 自由现金流率自由现金流/营收 | 10.3% | 26.5% |
| 资本支出强度资本支出/营收 | 2.4% | 12.4% |
| 现金转化率经营现金流/净利润 | 0.59× | 2.88× |
| 过去12个月自由现金流最近4个季度 | $610.0M | $577.1M |
8季度趋势，按日历期对齐
经营现金流BF.BWMS
| Q4 25 | $132.0M | $269.3M | ||
| Q3 25 | $160.0M | $234.9M | ||
| Q2 25 | $152.0M | $275.0M | ||
| Q1 25 | $317.0M | $41.2M | ||
| Q4 24 | $112.0M | $189.9M | ||
| Q3 24 | $17.0M | $166.9M | ||
| Q2 24 | $285.0M | $183.4M | ||
| Q1 24 | $265.0M | $17.7M |
自由现金流BF.BWMS
| Q4 25 | $107.0M | $183.6M | ||
| Q3 25 | $129.0M | $176.4M | ||
| Q2 25 | $102.0M | $222.4M | ||
| Q1 25 | $272.0M | $-5.3M | ||
| Q4 24 | $81.0M | $135.7M | ||
| Q3 24 | $-24.0M | $112.4M | ||
| Q2 24 | $205.0M | $125.7M | ||
| Q1 24 | $196.0M | $-29.8M |
自由现金流率BF.BWMS
| Q4 25 | 10.3% | 26.5% | ||
| Q3 25 | 14.0% | 20.7% | ||
| Q2 25 | 11.4% | 26.8% | ||
| Q1 25 | 26.3% | -0.9% | ||
| Q4 24 | 7.4% | 19.7% | ||
| Q3 24 | -2.5% | 14.4% | ||
| Q2 24 | 21.3% | 15.4% | ||
| Q1 24 | 18.3% | -4.6% |
资本支出强度BF.BWMS
| Q4 25 | 2.4% | 12.4% | ||
| Q3 25 | 3.4% | 6.9% | ||
| Q2 25 | 5.6% | 6.3% | ||
| Q1 25 | 4.3% | 7.6% | ||
| Q4 24 | 2.8% | 7.9% | ||
| Q3 24 | 4.3% | 7.0% | ||
| Q2 24 | 8.3% | 7.1% | ||
| Q1 24 | 6.5% | 7.3% |
现金转化率BF.BWMS
| Q4 25 | 0.59× | 2.88× | ||
| Q3 25 | 0.94× | 1.51× | ||
| Q2 25 | 1.04× | 1.91× | ||
| Q1 25 | 1.17× | 0.53× | ||
| Q4 24 | 0.43× | 2.34× | ||
| Q3 24 | 0.09× | 1.28× | ||
| Q2 24 | 1.07× | 1.14× | ||
| Q1 24 | 0.93× | 0.19× |
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% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
