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BILL Holdings, Inc.（BILL）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BILL Holdings, Inc.的1.1倍（$461.6M vs $414.7M），BILL Holdings, Inc.同比增速更快（14.4% vs -4.1%），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs -10.7%）
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
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。
BILL vs SAM — 直观对比
营收规模更大
SAM
是对方的1.1倍
$414.7M
营收增速更快
BILL
高出18.5%
-4.1%
两年增速更快
BILL
近两年复合增速
-10.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $461.6M |
| 净利润 | $-2.6M | — |
| 毛利率 | 79.8% | 46.4% |
| 营业利润率 | -4.4% | 12.4% |
| 净利率 | -0.6% | — |
| 营收同比 | 14.4% | -4.1% |
| 净利润同比 | -107.7% | — |
| 每股收益（稀释后） | $-0.03 | $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BILLSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $414.7M | $385.7M | ||
| Q3 25 | $395.7M | $537.5M | ||
| Q2 25 | $383.3M | $587.9M | ||
| Q1 25 | $358.2M | $453.9M | ||
| Q4 24 | $362.6M | $402.3M | ||
| Q3 24 | $358.4M | $605.5M | ||
| Q2 24 | $343.7M | $579.1M |
净利润BILLSAM
| Q1 26 | — | — | ||
| Q4 25 | $-2.6M | $-22.5M | ||
| Q3 25 | $-3.0M | $46.2M | ||
| Q2 25 | $-7.1M | $60.4M | ||
| Q1 25 | $-11.6M | $24.4M | ||
| Q4 24 | $33.5M | $-38.8M | ||
| Q3 24 | $8.9M | $33.5M | ||
| Q2 24 | $7.6M | $52.3M |
毛利率BILLSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 79.8% | 43.5% | ||
| Q3 25 | 80.5% | 50.8% | ||
| Q2 25 | 80.8% | 49.8% | ||
| Q1 25 | 81.2% | 48.3% | ||
| Q4 24 | 81.6% | 39.9% | ||
| Q3 24 | 82.0% | 46.3% | ||
| Q2 24 | 81.0% | 46.0% |
营业利润率BILLSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | -4.4% | -8.6% | ||
| Q3 25 | -5.2% | 11.5% | ||
| Q2 25 | -5.8% | 14.0% | ||
| Q1 25 | -8.1% | 7.4% | ||
| Q4 24 | -6.0% | -13.9% | ||
| Q3 24 | -2.1% | 7.6% | ||
| Q2 24 | -6.5% | 12.2% |
净利率BILLSAM
| Q1 26 | — | — | ||
| Q4 25 | -0.6% | -5.8% | ||
| Q3 25 | -0.7% | 8.6% | ||
| Q2 25 | -1.8% | 10.3% | ||
| Q1 25 | -3.2% | 5.4% | ||
| Q4 24 | 9.3% | -9.6% | ||
| Q3 24 | 2.5% | 5.5% | ||
| Q2 24 | 2.2% | 9.0% |
每股收益（稀释后）BILLSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $-0.03 | $-1.97 | ||
| Q3 25 | $-0.03 | $4.25 | ||
| Q2 25 | $0.02 | $5.45 | ||
| Q1 25 | $-0.11 | $2.16 | ||
| Q4 24 | $-0.06 | $-3.23 | ||
| Q3 24 | $0.08 | $2.86 | ||
| Q2 24 | $0.37 | $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 | $1.1B | $164.1M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | $682.6M |
| 总资产 | $10.1B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资BILLSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $1.1B | $223.4M | ||
| Q3 25 | $1.1B | $250.5M | ||
| Q2 25 | $1.0B | $212.4M | ||
| Q1 25 | $1.0B | $152.5M | ||
| Q4 24 | $1.6B | $211.8M | ||
| Q3 24 | $853.5M | $255.6M | ||
| Q2 24 | $985.9M | $219.3M |
总债务BILLSAM
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — |
股东权益BILLSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $3.8B | $846.3M | ||
| Q3 25 | $3.9B | $911.0M | ||
| Q2 25 | $3.9B | $912.3M | ||
| Q1 25 | $3.9B | $897.0M | ||
| Q4 24 | $3.8B | $916.2M | ||
| Q3 24 | $4.0B | $1.0B | ||
| Q2 24 | $4.1B | $1.0B |
总资产BILLSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $10.1B | $1.2B | ||
| Q3 25 | $10.2B | $1.2B | ||
| Q2 25 | $10.1B | $1.3B | ||
| Q1 25 | $9.6B | $1.2B | ||
| Q4 24 | $9.7B | $1.3B | ||
| Q3 24 | $9.0B | $1.4B | ||
| Q2 24 | $9.2B | $1.4B |
负债/权益比BILLSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — |
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 | $105.3M | — |
| 自由现金流经营现金流 - 资本支出 | $103.8M | — |
| 自由现金流率自由现金流/营收 | 25.0% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 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 | $378.8M | — |
8季度趋势，按日历期对齐
经营现金流BILLSAM
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $39.9M | ||
| Q3 25 | $96.9M | $101.8M | ||
| Q2 25 | $83.8M | $126.5M | ||
| Q1 25 | $99.5M | $1.9M | ||
| Q4 24 | $78.7M | $41.9M | ||
| Q3 24 | $88.6M | $115.9M | ||
| Q2 24 | $78.6M | $96.0M |
自由现金流BILLSAM
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $22.1M | ||
| Q3 25 | $95.6M | $89.2M | ||
| Q2 25 | $81.0M | $112.2M | ||
| Q1 25 | $98.4M | $-8.0M | ||
| Q4 24 | $78.3M | $18.4M | ||
| Q3 24 | $88.6M | $99.2M | ||
| Q2 24 | $78.4M | $75.6M |
自由现金流率BILLSAM
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | 5.7% | ||
| Q3 25 | 24.1% | 16.6% | ||
| Q2 25 | 21.1% | 19.1% | ||
| Q1 25 | 27.5% | -1.8% | ||
| Q4 24 | 21.6% | 4.6% | ||
| Q3 24 | 24.7% | 16.4% | ||
| Q2 24 | 22.8% | 13.1% |
资本支出强度BILLSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 4.6% | ||
| Q3 25 | 0.3% | 2.3% | ||
| Q2 25 | 0.7% | 2.4% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 0.1% | 5.8% | ||
| Q3 24 | 0.0% | 2.8% | ||
| Q2 24 | 0.1% | 3.5% |
现金转化率BILLSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | 3.46× | ||
| Q2 24 | 10.35× | 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
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
SAM
暂无分部数据
