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BOX INC（BOX）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BOX INC的1.5倍（$461.6M vs $301.1M），BOX INC同比增速更快（9.1% vs -4.1%），过去两年BOX INC的营收复合增速更高（7.0% vs -10.7%）
Box Inc.是总部位于美国加利福尼亚州红木城的上市企业，由亚伦·莱维和迪伦·史密斯于2005年创立，最初面向个人消费者服务，2009至2010年前后转向企业级市场，2015年正式上市。公司专注于开发、运营云端内容管理、协同办公及文件共享工具，帮助企业用户便捷存储、管理各类文件，提升团队协作效率。
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。
BOX vs SAM — 直观对比
营收规模更大
SAM
是对方的1.5倍
$301.1M
营收增速更快
BOX
高出13.2%
-4.1%
两年增速更快
BOX
近两年复合增速
-10.7%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $301.1M | $461.6M |
| 净利润 | $12.1M | — |
| 毛利率 | 79.6% | 46.4% |
| 营业利润率 | 8.3% | 12.4% |
| 净利率 | 4.0% | — |
| 营收同比 | 9.1% | -4.1% |
| 净利润同比 | -6.4% | — |
| 每股收益（稀释后） | $0.05 | $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BOXSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $301.1M | $385.7M | ||
| Q3 25 | $294.0M | $537.5M | ||
| Q2 25 | $276.3M | $587.9M | ||
| Q1 25 | $279.5M | $453.9M | ||
| Q4 24 | $275.9M | $402.3M | ||
| Q3 24 | $270.0M | $605.5M | ||
| Q2 24 | $264.7M | $579.1M |
净利润BOXSAM
| Q1 26 | — | — | ||
| Q4 25 | $12.1M | $-22.5M | ||
| Q3 25 | $13.4M | $46.2M | ||
| Q2 25 | $8.2M | $60.4M | ||
| Q1 25 | $194.0M | $24.4M | ||
| Q4 24 | $12.9M | $-38.8M | ||
| Q3 24 | $20.5M | $33.5M | ||
| Q2 24 | $17.2M | $52.3M |
毛利率BOXSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 79.6% | 43.5% | ||
| Q3 25 | 79.1% | 50.8% | ||
| Q2 25 | 78.0% | 49.8% | ||
| Q1 25 | 79.0% | 48.3% | ||
| Q4 24 | 79.9% | 39.9% | ||
| Q3 24 | 79.4% | 46.3% | ||
| Q2 24 | 78.0% | 46.0% |
营业利润率BOXSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 8.3% | -8.6% | ||
| Q3 25 | 7.0% | 11.5% | ||
| Q2 25 | 2.3% | 14.0% | ||
| Q1 25 | 6.4% | 7.4% | ||
| Q4 24 | 8.5% | -13.9% | ||
| Q3 24 | 7.5% | 7.6% | ||
| Q2 24 | 6.8% | 12.2% |
净利率BOXSAM
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | -5.8% | ||
| Q3 25 | 4.6% | 8.6% | ||
| Q2 25 | 3.0% | 10.3% | ||
| Q1 25 | 69.4% | 5.4% | ||
| Q4 24 | 4.7% | -9.6% | ||
| Q3 24 | 7.6% | 5.5% | ||
| Q2 24 | 6.5% | 9.0% |
每股收益（稀释后）BOXSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $0.05 | $-1.97 | ||
| Q3 25 | $0.05 | $4.25 | ||
| Q2 25 | $0.02 | $5.45 | ||
| Q1 25 | $1.13 | $2.16 | ||
| Q4 24 | $0.05 | $-3.23 | ||
| Q3 24 | $0.10 | $2.86 | ||
| Q2 24 | $0.08 | $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 | $729.6M | $164.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-286.6M | $682.6M |
| 总资产 | $1.6B | $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BOXSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $729.6M | $223.4M | ||
| Q3 25 | $757.9M | $250.5M | ||
| Q2 25 | $790.4M | $212.4M | ||
| Q1 25 | $722.8M | $152.5M | ||
| Q4 24 | $697.9M | $211.8M | ||
| Q3 24 | $482.2M | $255.6M | ||
| Q2 24 | $566.1M | $219.3M |
股东权益BOXSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $-286.6M | $846.3M | ||
| Q3 25 | $-269.4M | $911.0M | ||
| Q2 25 | $-280.1M | $912.3M | ||
| Q1 25 | $-297.0M | $897.0M | ||
| Q4 24 | $-479.9M | $916.2M | ||
| Q3 24 | $-439.4M | $1.0B | ||
| Q2 24 | $-397.9M | $1.0B |
总资产BOXSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B |
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 | $73.0M | — |
| 自由现金流经营现金流 - 资本支出 | $71.3M | — |
| 自由现金流率自由现金流/营收 | 23.7% | — |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 现金转化率经营现金流/净利润 | 6.05× | — |
| 过去12个月自由现金流最近4个季度 | $343.5M | — |
8季度趋势，按日历期对齐
经营现金流BOXSAM
| Q1 26 | — | — | ||
| Q4 25 | $73.0M | $39.9M | ||
| Q3 25 | $46.0M | $101.8M | ||
| Q2 25 | $127.1M | $126.5M | ||
| Q1 25 | $102.2M | $1.9M | ||
| Q4 24 | $62.6M | $41.9M | ||
| Q3 24 | $36.3M | $115.9M | ||
| Q2 24 | $131.2M | $96.0M |
自由现金流BOXSAM
| Q1 26 | — | — | ||
| Q4 25 | $71.3M | $22.1M | ||
| Q3 25 | $43.9M | $89.2M | ||
| Q2 25 | $126.7M | $112.2M | ||
| Q1 25 | $101.5M | $-8.0M | ||
| Q4 24 | $62.3M | $18.4M | ||
| Q3 24 | $35.9M | $99.2M | ||
| Q2 24 | $129.9M | $75.6M |
自由现金流率BOXSAM
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 5.7% | ||
| Q3 25 | 14.9% | 16.6% | ||
| Q2 25 | 45.9% | 19.1% | ||
| Q1 25 | 36.3% | -1.8% | ||
| Q4 24 | 22.6% | 4.6% | ||
| Q3 24 | 13.3% | 16.4% | ||
| Q2 24 | 49.1% | 13.1% |
资本支出强度BOXSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 4.6% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 0.1% | 2.4% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | 0.1% | 5.8% | ||
| Q3 24 | 0.1% | 2.8% | ||
| Q2 24 | 0.5% | 3.5% |
现金转化率BOXSAM
| Q1 26 | — | — | ||
| Q4 25 | 6.05× | — | ||
| Q3 25 | 3.42× | 2.21× | ||
| Q2 25 | 15.51× | 2.09× | ||
| Q1 25 | 0.53× | 0.08× | ||
| Q4 24 | 4.85× | — | ||
| Q3 24 | 1.77× | 3.46× | ||
| Q2 24 | 7.62× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
