vs
B&G Foods, Inc.（BGS）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是B&G Foods, Inc.的1.1倍（$461.6M vs $439.3M），BOSTON BEER CO INC同比增速更快（-4.1% vs -4.7%），过去两年BOSTON BEER CO INC的营收复合增速更高（-10.7% vs -12.8%）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
BGS vs SAM — 直观对比
营收规模更大
SAM
是对方的1.1倍
$439.3M
营收增速更快
SAM
高出0.6%
-4.7%
两年增速更快
SAM
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $461.6M |
| 净利润 | $-19.1M | — |
| 毛利率 | 22.5% | 46.4% |
| 营业利润率 | 2.5% | 12.4% |
| 净利率 | -4.4% | — |
| 营收同比 | -4.7% | -4.1% |
| 净利润同比 | -356.5% | — |
| 每股收益（稀释后） | $-0.24 | $2.16 |
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BGSSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | — | $385.7M | ||
| Q3 25 | $439.3M | $537.5M | ||
| Q2 25 | $424.4M | $587.9M | ||
| Q1 25 | $425.4M | $453.9M | ||
| Q4 24 | $551.6M | $402.3M | ||
| Q3 24 | $461.1M | $605.5M | ||
| Q2 24 | $444.6M | $579.1M |
净利润BGSSAM
| Q1 26 | — | — | ||
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $-19.1M | $46.2M | ||
| Q2 25 | $-9.8M | $60.4M | ||
| Q1 25 | $835.0K | $24.4M | ||
| Q4 24 | $-222.4M | $-38.8M | ||
| Q3 24 | $7.5M | $33.5M | ||
| Q2 24 | $3.9M | $52.3M |
毛利率BGSSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | 22.5% | 50.8% | ||
| Q2 25 | 20.5% | 49.8% | ||
| Q1 25 | 21.2% | 48.3% | ||
| Q4 24 | 21.5% | 39.9% | ||
| Q3 24 | 22.2% | 46.3% | ||
| Q2 24 | 20.7% | 46.0% |
营业利润率BGSSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | — | -8.6% | ||
| Q3 25 | 2.5% | 11.5% | ||
| Q2 25 | 5.2% | 14.0% | ||
| Q1 25 | 8.4% | 7.4% | ||
| Q4 24 | -46.6% | -13.9% | ||
| Q3 24 | 11.1% | 7.6% | ||
| Q2 24 | 9.9% | 12.2% |
净利率BGSSAM
| Q1 26 | — | — | ||
| Q4 25 | — | -5.8% | ||
| Q3 25 | -4.4% | 8.6% | ||
| Q2 25 | -2.3% | 10.3% | ||
| Q1 25 | 0.2% | 5.4% | ||
| Q4 24 | -40.3% | -9.6% | ||
| Q3 24 | 1.6% | 5.5% | ||
| Q2 24 | 0.9% | 9.0% |
每股收益（稀释后）BGSSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | — | $-1.97 | ||
| Q3 25 | $-0.24 | $4.25 | ||
| Q2 25 | $-0.12 | $5.45 | ||
| Q1 25 | $0.01 | $2.16 | ||
| Q4 24 | $-2.81 | $-3.23 | ||
| Q3 24 | $0.09 | $2.86 | ||
| Q2 24 | $0.05 | $4.39 |
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 | $60.9M | $164.1M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $470.7M | $682.6M |
| 总资产 | $2.9B | $1.2B |
| 负债/权益比越低杠杆越低 | 4.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BGSSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | — | $223.4M | ||
| Q3 25 | $60.9M | $250.5M | ||
| Q2 25 | $54.1M | $212.4M | ||
| Q1 25 | $61.2M | $152.5M | ||
| Q4 24 | $50.6M | $211.8M | ||
| Q3 24 | $54.7M | $255.6M | ||
| Q2 24 | $40.3M | $219.3M |
总债务BGSSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — |
股东权益BGSSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | — | $846.3M | ||
| Q3 25 | $470.7M | $911.0M | ||
| Q2 25 | $501.4M | $912.3M | ||
| Q1 25 | $513.1M | $897.0M | ||
| Q4 24 | $524.8M | $916.2M | ||
| Q3 24 | $755.3M | $1.0B | ||
| Q2 24 | $765.0M | $1.0B |
总资产BGSSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $2.9B | $1.2B | ||
| Q2 25 | $2.9B | $1.3B | ||
| Q1 25 | $3.0B | $1.2B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.4B | $1.4B | ||
| Q2 24 | $3.4B | $1.4B |
负债/权益比BGSSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 2.67× | — |
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 | $-64.6M | — |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | — |
| 自由现金流率自由现金流/营收 | -16.1% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $54.8M | — |
8季度趋势，按日历期对齐
经营现金流BGSSAM
| Q1 26 | — | — | ||
| Q4 25 | — | $39.9M | ||
| Q3 25 | $-64.6M | $101.8M | ||
| Q2 25 | $17.8M | $126.5M | ||
| Q1 25 | $52.7M | $1.9M | ||
| Q4 24 | $80.3M | $41.9M | ||
| Q3 24 | $4.2M | $115.9M | ||
| Q2 24 | $11.3M | $96.0M |
自由现金流BGSSAM
| Q1 26 | — | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | $-70.7M | $89.2M | ||
| Q2 25 | $11.5M | $112.2M | ||
| Q1 25 | $42.4M | $-8.0M | ||
| Q4 24 | $71.7M | $18.4M | ||
| Q3 24 | $-679.0K | $99.2M | ||
| Q2 24 | $5.2M | $75.6M |
自由现金流率BGSSAM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | -16.1% | 16.6% | ||
| Q2 25 | 2.7% | 19.1% | ||
| Q1 25 | 10.0% | -1.8% | ||
| Q4 24 | 13.0% | 4.6% | ||
| Q3 24 | -0.1% | 16.4% | ||
| Q2 24 | 1.2% | 13.1% |
资本支出强度BGSSAM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 1.4% | 2.3% | ||
| Q2 25 | 1.5% | 2.4% | ||
| Q1 25 | 2.4% | 2.2% | ||
| Q4 24 | 1.6% | 5.8% | ||
| Q3 24 | 1.0% | 2.8% | ||
| Q2 24 | 1.4% | 3.5% |
现金转化率BGSSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | 63.17× | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | 3.46× | ||
| Q2 24 | 2.87× | 1.83× |
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
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
SAM
暂无分部数据
