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BELLRING BRANDS, INC.（BRBR）与MARZETTI CO（MZTI）财务数据对比。点击上方公司名可切换其他公司
BELLRING BRANDS, INC.的季度营收约是MARZETTI CO的1.0倍（$537.3M vs $518.0M），MARZETTI CO净利率更高（11.4% vs 8.1%，领先3.3%），MARZETTI CO同比增速更快（1.7% vs 0.8%），MARZETTI CO自由现金流更多（$70.9M vs $-7.3M），过去两年MARZETTI CO的营收复合增速更高（4.8% vs 4.2%）
Bellring Brands是一家知名营养食品企业，研发、生产及销售蛋白饮料、蛋白棒、蛋白粉等功能性营养产品，旗下拥有Premier Protein、Dymatize等知名品牌，主要面向北美市场的健康及运动爱好者，通过零售、电商等多渠道发售。
T.马泽蒂公司是兰开斯特殖民地集团旗下的特色食品事业部，生产沙拉酱、果蔬蘸酱、冷冻烘焙食品及多款特色品牌产品，是俄亥俄州中部规模最大的食品饮料企业之一，总部位于俄亥俄州韦斯特维尔，由特蕾莎·马泽蒂创立。
BRBR vs MZTI — 直观对比
营收规模更大
BRBR
是对方的1.0倍
$518.0M
营收增速更快
MZTI
高出0.9%
0.8%
净利率更高
MZTI
高出3.3%
8.1%
自由现金流更多
MZTI
多$78.2M
$-7.3M
两年增速更快
MZTI
近两年复合增速
4.2%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $537.3M | $518.0M |
| 净利润 | $43.7M | $59.1M |
| 毛利率 | 29.9% | 26.5% |
| 营业利润率 | 14.6% | 14.5% |
| 净利率 | 8.1% | 11.4% |
| 营收同比 | 0.8% | 1.7% |
| 净利润同比 | -43.2% | 20.6% |
| 每股收益（稀释后） | $0.36 | $2.15 |
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BRBRMZTI
| Q4 25 | $537.3M | $518.0M | ||
| Q3 25 | $648.2M | $493.5M | ||
| Q2 25 | $547.5M | $475.4M | ||
| Q1 25 | $588.0M | $457.8M | ||
| Q4 24 | $532.9M | $509.3M | ||
| Q3 24 | $555.8M | $466.6M | ||
| Q2 24 | $515.4M | $452.8M | ||
| Q1 24 | $494.6M | $471.4M |
净利润BRBRMZTI
| Q4 25 | $43.7M | $59.1M | ||
| Q3 25 | $59.6M | $47.2M | ||
| Q2 25 | $21.0M | $32.5M | ||
| Q1 25 | $58.7M | $41.1M | ||
| Q4 24 | $76.9M | $49.0M | ||
| Q3 24 | $71.7M | $44.7M | ||
| Q2 24 | $73.7M | $34.8M | ||
| Q1 24 | $57.2M | $28.4M |
毛利率BRBRMZTI
| Q4 25 | 29.9% | 26.5% | ||
| Q3 25 | 28.9% | 24.1% | ||
| Q2 25 | 35.4% | 22.3% | ||
| Q1 25 | 32.3% | 23.1% | ||
| Q4 24 | 37.5% | 26.1% | ||
| Q3 24 | 36.9% | 23.8% | ||
| Q2 24 | 36.8% | 21.6% | ||
| Q1 24 | 33.2% | 22.2% |
营业利润率BRBRMZTI
| Q4 25 | 14.6% | 14.5% | ||
| Q3 25 | 15.8% | 12.0% | ||
| Q2 25 | 8.2% | 8.2% | ||
| Q1 25 | 16.2% | 10.9% | ||
| Q4 24 | 21.6% | 14.9% | ||
| Q3 24 | 20.2% | 12.0% | ||
| Q2 24 | 21.7% | 9.2% | ||
| Q1 24 | 18.4% | 7.5% |
净利率BRBRMZTI
| Q4 25 | 8.1% | 11.4% | ||
| Q3 25 | 9.2% | 9.6% | ||
| Q2 25 | 3.8% | 6.8% | ||
| Q1 25 | 10.0% | 9.0% | ||
| Q4 24 | 14.4% | 9.6% | ||
| Q3 24 | 12.9% | 9.6% | ||
| Q2 24 | 14.3% | 7.7% | ||
| Q1 24 | 11.6% | 6.0% |
每股收益（稀释后）BRBRMZTI
| Q4 25 | $0.36 | $2.15 | ||
| Q3 25 | $0.48 | $1.71 | ||
| Q2 25 | $0.16 | $1.18 | ||
| Q1 25 | $0.45 | $1.49 | ||
| Q4 24 | $0.59 | $1.78 | ||
| Q3 24 | $0.54 | $1.62 | ||
| Q2 24 | $0.56 | $1.27 | ||
| Q1 24 | $0.43 | $1.03 |
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 | $64.1M | $201.6M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $-510.7M | $1.0B |
| 总资产 | $1.1B | $1.3B |
| 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BRBRMZTI
| Q4 25 | $64.1M | $201.6M | ||
| Q3 25 | $71.8M | $182.2M | ||
| Q2 25 | $43.7M | $161.5M | ||
| Q1 25 | $28.1M | $124.6M | ||
| Q4 24 | $49.6M | $203.1M | ||
| Q3 24 | $70.8M | $135.1M | ||
| Q2 24 | $72.6M | $163.4M | ||
| Q1 24 | $79.3M | $164.8M |
总债务BRBRMZTI
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $953.7M | — | ||
| Q4 24 | $833.4M | — | ||
| Q3 24 | $833.1M | — | ||
| Q2 24 | $832.7M | — | ||
| Q1 24 | $832.4M | — |
股东权益BRBRMZTI
| Q4 25 | $-510.7M | $1.0B | ||
| Q3 25 | $-453.9M | $1.0B | ||
| Q2 25 | $-309.9M | $998.5M | ||
| Q1 25 | $-254.1M | $996.2M | ||
| Q4 24 | $-146.6M | $979.9M | ||
| Q3 24 | $-205.9M | $945.1M | ||
| Q2 24 | $-243.2M | $925.8M | ||
| Q1 24 | $-247.7M | $912.9M |
总资产BRBRMZTI
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $941.0M | $1.3B | ||
| Q2 25 | $993.7M | $1.3B | ||
| Q1 25 | $947.5M | $1.3B | ||
| Q4 24 | $885.2M | $1.2B | ||
| Q3 24 | $837.0M | $1.2B | ||
| Q2 24 | $804.1M | $1.2B | ||
| Q1 24 | $765.0M | $1.2B |
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 | $-3.1M | $88.6M |
| 自由现金流经营现金流 - 资本支出 | $-7.3M | $70.9M |
| 自由现金流率自由现金流/营收 | -1.4% | 13.7% |
| 资本支出强度资本支出/营收 | 0.8% | 3.4% |
| 现金转化率经营现金流/净利润 | -0.07× | 1.50× |
| 过去12个月自由现金流最近4个季度 | $246.9M | $229.5M |
8季度趋势，按日历期对齐
经营现金流BRBRMZTI
| Q4 25 | $-3.1M | $88.6M | ||
| Q3 25 | $169.1M | $69.5M | ||
| Q2 25 | $40.3M | $88.2M | ||
| Q1 25 | $48.2M | $45.8M | ||
| Q4 24 | $3.0M | $107.6M | ||
| Q3 24 | $40.1M | $19.9M | ||
| Q2 24 | $69.0M | $34.1M | ||
| Q1 24 | $16.3M | $75.9M |
自由现金流BRBRMZTI
| Q4 25 | $-7.3M | $70.9M | ||
| Q3 25 | $168.1M | $53.9M | ||
| Q2 25 | $38.5M | $73.9M | ||
| Q1 25 | $47.6M | $30.8M | ||
| Q4 24 | $1.7M | $96.6M | ||
| Q3 24 | $38.9M | $2.3M | ||
| Q2 24 | $68.9M | $18.5M | ||
| Q1 24 | $16.0M | $61.1M |
自由现金流率BRBRMZTI
| Q4 25 | -1.4% | 13.7% | ||
| Q3 25 | 25.9% | 10.9% | ||
| Q2 25 | 7.0% | 15.5% | ||
| Q1 25 | 8.1% | 6.7% | ||
| Q4 24 | 0.3% | 19.0% | ||
| Q3 24 | 7.0% | 0.5% | ||
| Q2 24 | 13.4% | 4.1% | ||
| Q1 24 | 3.2% | 13.0% |
资本支出强度BRBRMZTI
| Q4 25 | 0.8% | 3.4% | ||
| Q3 25 | 0.2% | 3.2% | ||
| Q2 25 | 0.3% | 3.0% | ||
| Q1 25 | 0.1% | 3.3% | ||
| Q4 24 | 0.2% | 2.2% | ||
| Q3 24 | 0.2% | 3.8% | ||
| Q2 24 | 0.0% | 3.4% | ||
| Q1 24 | 0.1% | 3.2% |
现金转化率BRBRMZTI
| Q4 25 | -0.07× | 1.50× | ||
| Q3 25 | 2.84× | 1.47× | ||
| Q2 25 | 1.92× | 2.71× | ||
| Q1 25 | 0.82× | 1.11× | ||
| Q4 24 | 0.04× | 2.20× | ||
| Q3 24 | 0.56× | 0.45× | ||
| Q2 24 | 0.94× | 0.98× | ||
| Q1 24 | 0.28× | 2.68× |
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
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
MZTI
| National Accounts | $177.4M | 34% |
| Dressings And Sauces | $169.5M | 33% |
| Frozen Breads And Other | $62.7M | 12% |
| Branded And Other | $54.8M | 11% |
| Refrigerated Dressings Dips And Other | $46.2M | 9% |
| Other Dressings And Sauces For TSA | $8.2M | 2% |
