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BLACKBAUD INC（BLKB）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BLACKBAUD INC的1.6倍（$461.6M vs $281.1M），BLACKBAUD INC同比增速更快（4.2% vs -4.1%），过去两年BLACKBAUD INC的营收复合增速更高（-1.1% vs -10.7%）
Blackbaud是全球知名的云服务提供商，专注为非营利组织、基金会、企业、教育机构、医疗机构、宗教团体及个人公益推动者提供技术支持，旗下产品覆盖筹款、网站管理、客户关系管理、数据分析、财务管理、票务系统、教育管理等多元场景。
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。
BLKB vs SAM — 直观对比
营收规模更大
SAM
是对方的1.6倍
$281.1M
营收增速更快
BLKB
高出8.3%
-4.1%
两年增速更快
BLKB
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $281.1M | $461.6M |
| 净利润 | $31.1M | — |
| 毛利率 | 59.2% | 46.4% |
| 营业利润率 | 18.3% | 12.4% |
| 净利率 | 11.1% | — |
| 营收同比 | 4.2% | -4.1% |
| 净利润同比 | 620.3% | — |
| 每股收益（稀释后） | $0.67 | $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BLKBSAM
| Q1 26 | $281.1M | $461.6M | ||
| Q4 25 | $295.3M | $385.7M | ||
| Q3 25 | $281.1M | $537.5M | ||
| Q2 25 | $282.0M | $587.9M | ||
| Q1 25 | $269.9M | $453.9M | ||
| Q4 24 | $302.1M | $402.3M | ||
| Q3 24 | $286.6M | $605.5M | ||
| Q2 24 | $287.3M | $579.1M |
净利润BLKBSAM
| Q1 26 | $31.1M | — | ||
| Q4 25 | $36.7M | $-22.5M | ||
| Q3 25 | $47.5M | $46.2M | ||
| Q2 25 | $26.5M | $60.4M | ||
| Q1 25 | $4.3M | $24.4M | ||
| Q4 24 | $-346.4M | $-38.8M | ||
| Q3 24 | $18.3M | $33.5M | ||
| Q2 24 | $21.2M | $52.3M |
毛利率BLKBSAM
| Q1 26 | 59.2% | 46.4% | ||
| Q4 25 | 58.3% | 43.5% | ||
| Q3 25 | 59.6% | 50.8% | ||
| Q2 25 | 59.7% | 49.8% | ||
| Q1 25 | 57.5% | 48.3% | ||
| Q4 24 | 53.8% | 39.9% | ||
| Q3 24 | 54.9% | 46.3% | ||
| Q2 24 | 56.0% | 46.0% |
营业利润率BLKBSAM
| Q1 26 | 18.3% | 12.4% | ||
| Q4 25 | 20.0% | -8.6% | ||
| Q3 25 | 19.4% | 11.5% | ||
| Q2 25 | 20.3% | 14.0% | ||
| Q1 25 | 7.3% | 7.4% | ||
| Q4 24 | -121.5% | -13.9% | ||
| Q3 24 | 14.4% | 7.6% | ||
| Q2 24 | 14.4% | 12.2% |
净利率BLKBSAM
| Q1 26 | 11.1% | — | ||
| Q4 25 | 12.4% | -5.8% | ||
| Q3 25 | 16.9% | 8.6% | ||
| Q2 25 | 9.4% | 10.3% | ||
| Q1 25 | 1.6% | 5.4% | ||
| Q4 24 | -114.6% | -9.6% | ||
| Q3 24 | 6.4% | 5.5% | ||
| Q2 24 | 7.4% | 9.0% |
每股收益（稀释后）BLKBSAM
| Q1 26 | $0.67 | $2.16 | ||
| Q4 25 | $0.75 | $-1.97 | ||
| Q3 25 | $0.98 | $4.25 | ||
| Q2 25 | $0.55 | $5.45 | ||
| Q1 25 | $0.09 | $2.16 | ||
| Q4 24 | $-6.82 | $-3.23 | ||
| Q3 24 | $0.35 | $2.86 | ||
| Q2 24 | $0.41 | $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 | $34.1M | $164.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $34.6M | $682.6M |
| 总资产 | $2.1B | $1.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BLKBSAM
| Q1 26 | $34.1M | $164.1M | ||
| Q4 25 | $38.9M | $223.4M | ||
| Q3 25 | $38.3M | $250.5M | ||
| Q2 25 | $41.6M | $212.4M | ||
| Q1 25 | $37.2M | $152.5M | ||
| Q4 24 | $67.6M | $211.8M | ||
| Q3 24 | $34.6M | $255.6M | ||
| Q2 24 | $30.4M | $219.3M |
总债务BLKBSAM
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
股东权益BLKBSAM
| Q1 26 | $34.6M | $682.6M | ||
| Q4 25 | $85.1M | $846.3M | ||
| Q3 25 | $108.2M | $911.0M | ||
| Q2 25 | $72.7M | $912.3M | ||
| Q1 25 | $17.5M | $897.0M | ||
| Q4 24 | $126.8M | $916.2M | ||
| Q3 24 | $544.8M | $1.0B | ||
| Q2 24 | $577.5M | $1.0B |
总资产BLKBSAM
| Q1 26 | $2.1B | $1.2B | ||
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.6B | $1.4B | ||
| Q2 24 | $3.0B | $1.4B |
负债/权益比BLKBSAM
| Q1 26 | — | — | ||
| Q4 25 | 13.06× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.50× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 1.78× | — |
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 | $51.5M | — |
| 自由现金流经营现金流 - 资本支出 | $37.0M | — |
| 自由现金流率自由现金流/营收 | 13.2% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $294.1M | — |
8季度趋势，按日历期对齐
经营现金流BLKBSAM
| Q1 26 | $51.5M | — | ||
| Q4 25 | $58.0M | $39.9M | ||
| Q3 25 | $139.2M | $101.8M | ||
| Q2 25 | $66.9M | $126.5M | ||
| Q1 25 | $1.4M | $1.9M | ||
| Q4 24 | $73.6M | $41.9M | ||
| Q3 24 | $104.0M | $115.9M | ||
| Q2 24 | $53.1M | $96.0M |
自由现金流BLKBSAM
| Q1 26 | $37.0M | — | ||
| Q4 25 | $55.0M | $22.1M | ||
| Q3 25 | $135.7M | $89.2M | ||
| Q2 25 | $66.3M | $112.2M | ||
| Q1 25 | $712.0K | $-8.0M | ||
| Q4 24 | $73.4M | $18.4M | ||
| Q3 24 | $102.9M | $99.2M | ||
| Q2 24 | $48.0M | $75.6M |
自由现金流率BLKBSAM
| Q1 26 | 13.2% | — | ||
| Q4 25 | 18.6% | 5.7% | ||
| Q3 25 | 48.3% | 16.6% | ||
| Q2 25 | 23.5% | 19.1% | ||
| Q1 25 | 0.3% | -1.8% | ||
| Q4 24 | 24.3% | 4.6% | ||
| Q3 24 | 35.9% | 16.4% | ||
| Q2 24 | 16.7% | 13.1% |
资本支出强度BLKBSAM
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 4.6% | ||
| Q3 25 | 1.2% | 2.3% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 0.1% | 5.8% | ||
| Q3 24 | 0.4% | 2.8% | ||
| Q2 24 | 1.8% | 3.5% |
现金转化率BLKBSAM
| Q1 26 | 1.65× | — | ||
| Q4 25 | 1.58× | — | ||
| Q3 25 | 2.93× | 2.21× | ||
| Q2 25 | 2.53× | 2.09× | ||
| Q1 25 | 0.32× | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.69× | 3.46× | ||
| Q2 24 | 2.50× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
