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BELLRING BRANDS, INC.（BRBR）与Vital Farms, Inc.（VITL）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Vital Farms, Inc.的2.5倍（$537.3M vs $213.6M）。BELLRING BRANDS, INC.净利率更高（8.1% vs 7.6%，领先0.5%）。Vital Farms, Inc.同比增速更快（28.7% vs 0.8%）。BELLRING BRANDS, INC.自由现金流更多（$-7.3M vs $-32.1M）。过去两年Vital Farms, Inc.的营收复合增速更高（20.2% 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。
维塔托摩西乳业有限公司是一家位于乌干达的乳制品加工企业，由聚焦撒哈拉以南非洲的影响力投资基金维塔资本基金，与乌干达本土乳制品生产商托摩西奶牛场共同出资成立。
BRBR vs VITL — 直观对比
营收规模更大
BRBR
是对方的2.5倍
$213.6M
营收增速更快
VITL
高出27.8%
0.8%
净利率更高
BRBR
高出0.5%
7.6%
自由现金流更多
BRBR
多$24.8M
$-32.1M
两年增速更快
VITL
近两年复合增速
4.2%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $537.3M | $213.6M |
| 净利润 | $43.7M | $16.3M |
| 毛利率 | 29.9% | 35.8% |
| 营业利润率 | 14.6% | 10.0% |
| 净利率 | 8.1% | 7.6% |
| 营收同比 | 0.8% | 28.7% |
| 净利润同比 | -43.2% | 54.3% |
| 每股收益（稀释后） | $0.36 | $0.35 |
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BRBRVITL
| Q4 25 | $537.3M | $213.6M | ||
| Q3 25 | $648.2M | $198.9M | ||
| Q2 25 | $547.5M | $184.8M | ||
| Q1 25 | $588.0M | $162.2M | ||
| Q4 24 | $532.9M | $166.0M | ||
| Q3 24 | $555.8M | $145.0M | ||
| Q2 24 | $515.4M | $147.4M | ||
| Q1 24 | $494.6M | $147.9M |
净利润BRBRVITL
| Q4 25 | $43.7M | $16.3M | ||
| Q3 25 | $59.6M | $16.4M | ||
| Q2 25 | $21.0M | $16.6M | ||
| Q1 25 | $58.7M | $16.9M | ||
| Q4 24 | $76.9M | $10.6M | ||
| Q3 24 | $71.7M | $7.4M | ||
| Q2 24 | $73.7M | $16.3M | ||
| Q1 24 | $57.2M | $19.0M |
毛利率BRBRVITL
| Q4 25 | 29.9% | 35.8% | ||
| Q3 25 | 28.9% | 37.7% | ||
| Q2 25 | 35.4% | 38.9% | ||
| Q1 25 | 32.3% | 38.5% | ||
| Q4 24 | 37.5% | 36.1% | ||
| Q3 24 | 36.9% | 36.9% | ||
| Q2 24 | 36.8% | 39.1% | ||
| Q1 24 | 33.2% | 39.8% |
营业利润率BRBRVITL
| Q4 25 | 14.6% | 10.0% | ||
| Q3 25 | 15.8% | 10.8% | ||
| Q2 25 | 8.2% | 12.9% | ||
| Q1 25 | 16.2% | 13.4% | ||
| Q4 24 | 21.6% | 7.8% | ||
| Q3 24 | 20.2% | 6.4% | ||
| Q2 24 | 21.7% | 11.6% | ||
| Q1 24 | 18.4% | 16.3% |
净利率BRBRVITL
| Q4 25 | 8.1% | 7.6% | ||
| Q3 25 | 9.2% | 8.3% | ||
| Q2 25 | 3.8% | 9.0% | ||
| Q1 25 | 10.0% | 10.4% | ||
| Q4 24 | 14.4% | 6.4% | ||
| Q3 24 | 12.9% | 5.1% | ||
| Q2 24 | 14.3% | 11.1% | ||
| Q1 24 | 11.6% | 12.9% |
每股收益（稀释后）BRBRVITL
| Q4 25 | $0.36 | $0.35 | ||
| Q3 25 | $0.48 | $0.36 | ||
| Q2 25 | $0.16 | $0.36 | ||
| Q1 25 | $0.45 | $0.37 | ||
| Q4 24 | $0.59 | $0.23 | ||
| Q3 24 | $0.54 | $0.16 | ||
| Q2 24 | $0.56 | $0.36 | ||
| Q1 24 | $0.43 | $0.43 |
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 | $48.8M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $-510.7M | $351.3M |
| 总资产 | $1.1B | $518.7M |
| 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BRBRVITL
| Q4 25 | $64.1M | $48.8M | ||
| Q3 25 | $71.8M | $93.8M | ||
| Q2 25 | $43.7M | $108.2M | ||
| Q1 25 | $28.1M | $156.3M | ||
| Q4 24 | $49.6M | $150.6M | ||
| Q3 24 | $70.8M | $149.5M | ||
| Q2 24 | $72.6M | $133.2M | ||
| Q1 24 | $79.3M | $113.8M |
总债务BRBRVITL
| 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BRBRVITL
| Q4 25 | $-510.7M | $351.3M | ||
| Q3 25 | $-453.9M | $331.2M | ||
| Q2 25 | $-309.9M | $309.8M | ||
| Q1 25 | $-254.1M | $288.9M | ||
| Q4 24 | $-146.6M | $269.3M | ||
| Q3 24 | $-205.9M | $253.4M | ||
| Q2 24 | $-243.2M | $238.4M | ||
| Q1 24 | $-247.7M | $213.3M |
总资产BRBRVITL
| Q4 25 | $1.1B | $518.7M | ||
| Q3 25 | $941.0M | $481.5M | ||
| Q2 25 | $993.7M | $430.8M | ||
| Q1 25 | $947.5M | $376.9M | ||
| Q4 24 | $885.2M | $359.3M | ||
| Q3 24 | $837.0M | $344.7M | ||
| Q2 24 | $804.1M | $320.5M | ||
| Q1 24 | $765.0M | $300.2M |
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 | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $-7.3M | $-32.1M |
| 自由现金流率自由现金流/营收 | -1.4% | -15.1% |
| 资本支出强度资本支出/营收 | 0.8% | 17.8% |
| 现金转化率经营现金流/净利润 | -0.07× | 0.35× |
| 过去12个月自由现金流最近4个季度 | $246.9M | $-48.2M |
8季度趋势，按日历期对齐
经营现金流BRBRVITL
| Q4 25 | $-3.1M | $5.8M | ||
| Q3 25 | $169.1M | $23.4M | ||
| Q2 25 | $40.3M | $-761.0K | ||
| Q1 25 | $48.2M | $5.3M | ||
| Q4 24 | $3.0M | $14.8M | ||
| Q3 24 | $40.1M | $10.0M | ||
| Q2 24 | $69.0M | $16.1M | ||
| Q1 24 | $16.3M | $23.9M |
自由现金流BRBRVITL
| Q4 25 | $-7.3M | $-32.1M | ||
| Q3 25 | $168.1M | $-10.6M | ||
| Q2 25 | $38.5M | $-7.6M | ||
| Q1 25 | $47.6M | $2.1M | ||
| Q4 24 | $1.7M | $-3.4M | ||
| Q3 24 | $38.9M | $6.4M | ||
| Q2 24 | $68.9M | $10.5M | ||
| Q1 24 | $16.0M | $22.6M |
自由现金流率BRBRVITL
| Q4 25 | -1.4% | -15.1% | ||
| Q3 25 | 25.9% | -5.3% | ||
| Q2 25 | 7.0% | -4.1% | ||
| Q1 25 | 8.1% | 1.3% | ||
| Q4 24 | 0.3% | -2.0% | ||
| Q3 24 | 7.0% | 4.4% | ||
| Q2 24 | 13.4% | 7.2% | ||
| Q1 24 | 3.2% | 15.3% |
资本支出强度BRBRVITL
| Q4 25 | 0.8% | 17.8% | ||
| Q3 25 | 0.2% | 17.1% | ||
| Q2 25 | 0.3% | 3.7% | ||
| Q1 25 | 0.1% | 1.9% | ||
| Q4 24 | 0.2% | 10.9% | ||
| Q3 24 | 0.2% | 2.5% | ||
| Q2 24 | 0.0% | 3.8% | ||
| Q1 24 | 0.1% | 0.9% |
现金转化率BRBRVITL
| Q4 25 | -0.07× | 0.35× | ||
| Q3 25 | 2.84× | 1.43× | ||
| Q2 25 | 1.92× | -0.05× | ||
| Q1 25 | 0.82× | 0.31× | ||
| Q4 24 | 0.04× | 1.40× | ||
| Q3 24 | 0.56× | 1.34× | ||
| Q2 24 | 0.94× | 0.99× | ||
| Q1 24 | 0.28× | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
