vs
BELLRING BRANDS, INC.（BRBR）与STEPAN CO（SCL）财务数据对比。点击上方公司名可切换其他公司
STEPAN CO的季度营收约是BELLRING BRANDS, INC.的1.1倍（$604.5M vs $537.3M），BELLRING BRANDS, INC.净利率更高（8.1% vs 3.3%，领先4.9%），STEPAN CO同比增速更快（1.9% vs 0.8%），过去两年STEPAN CO的营收复合增速更高（4.2% 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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
BRBR vs SCL — 直观对比
营收规模更大
SCL
是对方的1.1倍
$537.3M
营收增速更快
SCL
高出1.1%
0.8%
净利率更高
BRBR
高出4.9%
3.3%
两年增速更快
SCL
近两年复合增速
4.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $537.3M | $604.5M |
| 净利润 | $43.7M | $19.7M |
| 毛利率 | 29.9% | 10.7% |
| 营业利润率 | 14.6% | 4.7% |
| 净利率 | 8.1% | 3.3% |
| 营收同比 | 0.8% | 1.9% |
| 净利润同比 | -43.2% | — |
| 每股收益（稀释后） | $0.36 | $0.86 |
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BRBRSCL
| Q1 26 | — | $604.5M | ||
| Q4 25 | $537.3M | $553.9M | ||
| Q3 25 | $648.2M | $590.3M | ||
| Q2 25 | $547.5M | $594.7M | ||
| Q1 25 | $588.0M | $593.3M | ||
| Q4 24 | $532.9M | $525.6M | ||
| Q3 24 | $555.8M | $546.8M | ||
| Q2 24 | $515.4M | $556.4M |
净利润BRBRSCL
| Q1 26 | — | $19.7M | ||
| Q4 25 | $43.7M | $5.0M | ||
| Q3 25 | $59.6M | $10.8M | ||
| Q2 25 | $21.0M | $11.3M | ||
| Q1 25 | $58.7M | $19.7M | ||
| Q4 24 | $76.9M | $3.4M | ||
| Q3 24 | $71.7M | $23.6M | ||
| Q2 24 | $73.7M | $9.5M |
毛利率BRBRSCL
| Q1 26 | — | 10.7% | ||
| Q4 25 | 29.9% | 9.3% | ||
| Q3 25 | 28.9% | 12.0% | ||
| Q2 25 | 35.4% | 12.1% | ||
| Q1 25 | 32.3% | 12.7% | ||
| Q4 24 | 37.5% | 10.8% | ||
| Q3 24 | 36.9% | 13.8% | ||
| Q2 24 | 36.8% | 12.5% |
营业利润率BRBRSCL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 14.6% | 1.9% | ||
| Q3 25 | 15.8% | 3.7% | ||
| Q2 25 | 8.2% | 3.0% | ||
| Q1 25 | 16.2% | 4.8% | ||
| Q4 24 | 21.6% | 1.5% | ||
| Q3 24 | 20.2% | 4.4% | ||
| Q2 24 | 21.7% | 3.4% |
净利率BRBRSCL
| Q1 26 | — | 3.3% | ||
| Q4 25 | 8.1% | 0.9% | ||
| Q3 25 | 9.2% | 1.8% | ||
| Q2 25 | 3.8% | 1.9% | ||
| Q1 25 | 10.0% | 3.3% | ||
| Q4 24 | 14.4% | 0.6% | ||
| Q3 24 | 12.9% | 4.3% | ||
| Q2 24 | 14.3% | 1.7% |
每股收益（稀释后）BRBRSCL
| Q1 26 | — | $0.86 | ||
| Q4 25 | $0.36 | $0.22 | ||
| Q3 25 | $0.48 | $0.47 | ||
| Q2 25 | $0.16 | $0.50 | ||
| Q1 25 | $0.45 | $0.86 | ||
| Q4 24 | $0.59 | $0.14 | ||
| Q3 24 | $0.54 | $1.03 | ||
| Q2 24 | $0.56 | $0.42 |
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 | — |
| 总债务越低越好 | $1.2B | $328.4M |
| 股东权益账面价值 | $-510.7M | $1.2B |
| 总资产 | $1.1B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资BRBRSCL
| Q1 26 | — | — | ||
| Q4 25 | $64.1M | $132.7M | ||
| Q3 25 | $71.8M | $118.5M | ||
| Q2 25 | $43.7M | $88.9M | ||
| Q1 25 | $28.1M | $107.5M | ||
| Q4 24 | $49.6M | $99.7M | ||
| Q3 24 | $70.8M | $147.3M | ||
| Q2 24 | $72.6M | $124.7M |
总债务BRBRSCL
| Q1 26 | — | $328.4M | ||
| Q4 25 | $1.2B | $626.7M | ||
| Q3 25 | $1.1B | $655.5M | ||
| Q2 25 | $1.0B | $658.0M | ||
| Q1 25 | $953.7M | $659.3M | ||
| Q4 24 | $833.4M | $625.4M | ||
| Q3 24 | $833.1M | $688.5M | ||
| Q2 24 | $832.7M | $657.1M |
股东权益BRBRSCL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $-510.7M | $1.2B | ||
| Q3 25 | $-453.9M | $1.2B | ||
| Q2 25 | $-309.9M | $1.2B | ||
| Q1 25 | $-254.1M | $1.2B | ||
| Q4 24 | $-146.6M | $1.2B | ||
| Q3 24 | $-205.9M | $1.2B | ||
| Q2 24 | $-243.2M | $1.2B |
总资产BRBRSCL
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $941.0M | $2.4B | ||
| Q2 25 | $993.7M | $2.4B | ||
| Q1 25 | $947.5M | $2.4B | ||
| Q4 24 | $885.2M | $2.3B | ||
| Q3 24 | $837.0M | $2.4B | ||
| Q2 24 | $804.1M | $2.3B |
负债/权益比BRBRSCL
| Q1 26 | — | 0.28× | ||
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 0.55× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-7.3M | — |
| 自由现金流率自由现金流/营收 | -1.4% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | -0.07× | — |
| 过去12个月自由现金流最近4个季度 | $246.9M | — |
8季度趋势，按日历期对齐
经营现金流BRBRSCL
| Q1 26 | — | — | ||
| Q4 25 | $-3.1M | $60.0M | ||
| Q3 25 | $169.1M | $69.8M | ||
| Q2 25 | $40.3M | $11.2M | ||
| Q1 25 | $48.2M | $6.9M | ||
| Q4 24 | $3.0M | $68.3M | ||
| Q3 24 | $40.1M | $22.7M | ||
| Q2 24 | $69.0M | $29.5M |
自由现金流BRBRSCL
| Q1 26 | — | — | ||
| Q4 25 | $-7.3M | $25.4M | ||
| Q3 25 | $168.1M | $40.2M | ||
| Q2 25 | $38.5M | $-14.4M | ||
| Q1 25 | $47.6M | $-25.8M | ||
| Q4 24 | $1.7M | $32.1M | ||
| Q3 24 | $38.9M | $-4.0M | ||
| Q2 24 | $68.9M | $-208.0K |
自由现金流率BRBRSCL
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | 4.6% | ||
| Q3 25 | 25.9% | 6.8% | ||
| Q2 25 | 7.0% | -2.4% | ||
| Q1 25 | 8.1% | -4.3% | ||
| Q4 24 | 0.3% | 6.1% | ||
| Q3 24 | 7.0% | -0.7% | ||
| Q2 24 | 13.4% | -0.0% |
资本支出强度BRBRSCL
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 6.3% | ||
| Q3 25 | 0.2% | 5.0% | ||
| Q2 25 | 0.3% | 4.3% | ||
| Q1 25 | 0.1% | 5.5% | ||
| Q4 24 | 0.2% | 6.9% | ||
| Q3 24 | 0.2% | 4.9% | ||
| Q2 24 | 0.0% | 5.3% |
现金转化率BRBRSCL
| Q1 26 | — | — | ||
| Q4 25 | -0.07× | 11.99× | ||
| Q3 25 | 2.84× | 6.44× | ||
| Q2 25 | 1.92× | 0.99× | ||
| Q1 25 | 0.82× | 0.35× | ||
| Q4 24 | 0.04× | 20.38× | ||
| Q3 24 | 0.56× | 0.96× | ||
| Q2 24 | 0.94× | 3.10× |
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% |
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
