vs
Dutch Bros Inc.（BROS）与Kosmos Energy Ltd.（KOS）财务数据对比。点击上方公司名可切换其他公司
Dutch Bros Inc.的季度营收约是Kosmos Energy Ltd.的1.6倍（$464.4M vs $294.6M），Dutch Bros Inc.同比增速更快（30.8% vs -25.9%），过去两年Dutch Bros Inc.的营收复合增速更高（19.6% vs -16.5%）
Dutch Bros Inc.是美国上市得来速咖啡连锁品牌，1992年由戴恩·博尔斯马与特拉维斯·博尔斯马创立，原总部位于俄勒冈州格兰茨帕斯，2025年迁至亚利桑那州坦佩。品牌拥有直营及加盟门店，主力布局美国西部市场，目前扩张范围最东已覆盖佛罗里达州奥兰多。
科斯莫斯能源是一家美国上游石油企业，总部位于得克萨斯州达拉斯。公司目前在加纳、赤道几内亚近海以及墨西哥湾开展油气生产与开发业务，在毛里塔尼亚、塞内加尔近海拥有开发项目，还在纳米比亚、圣多美和普林西比、苏里南近海持有勘探许可。
BROS vs KOS — 直观对比
营收规模更大
BROS
是对方的1.6倍
$294.6M
营收增速更快
BROS
高出56.7%
-25.9%
两年增速更快
BROS
近两年复合增速
-16.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $464.4M | $294.6M |
| 净利润 | $23.7M | — |
| 毛利率 | 23.1% | — |
| 营业利润率 | 7.4% | -125.7% |
| 净利率 | 5.1% | — |
| 营收同比 | 30.8% | -25.9% |
| 净利润同比 | 5.3% | — |
| 每股收益（稀释后） | $0.13 | $-0.80 |
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BROSKOS
| Q1 26 | $464.4M | — | ||
| Q4 25 | $443.6M | $294.6M | ||
| Q3 25 | $423.6M | $311.0M | ||
| Q2 25 | $415.8M | $392.6M | ||
| Q1 25 | $355.2M | $290.1M | ||
| Q4 24 | $342.8M | $397.6M | ||
| Q3 24 | $338.2M | $407.8M | ||
| Q2 24 | $324.9M | $447.8M |
净利润BROSKOS
| Q1 26 | $23.7M | — | ||
| Q4 25 | $21.4M | — | ||
| Q3 25 | $17.5M | $-124.3M | ||
| Q2 25 | $25.6M | $-87.7M | ||
| Q1 25 | $15.4M | $-110.6M | ||
| Q4 24 | $3.6M | — | ||
| Q3 24 | $12.6M | $45.0M | ||
| Q2 24 | $11.9M | $59.8M |
毛利率BROSKOS
| Q1 26 | 23.1% | — | ||
| Q4 25 | 24.1% | — | ||
| Q3 25 | 25.2% | — | ||
| Q2 25 | 28.9% | — | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 26.6% | — | ||
| Q2 24 | 27.8% | — |
营业利润率BROSKOS
| Q1 26 | 7.4% | — | ||
| Q4 25 | 7.7% | -125.7% | ||
| Q3 25 | 9.8% | -34.2% | ||
| Q2 25 | 13.1% | -16.2% | ||
| Q1 25 | 8.7% | -32.4% | ||
| Q4 24 | 4.6% | -8.5% | ||
| Q3 24 | 9.6% | 26.1% | ||
| Q2 24 | 9.9% | 30.2% |
净利率BROSKOS
| Q1 26 | 5.1% | — | ||
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.1% | -40.0% | ||
| Q2 25 | 6.2% | -22.3% | ||
| Q1 25 | 4.3% | -38.1% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 3.7% | 11.0% | ||
| Q2 24 | 3.7% | 13.3% |
每股收益（稀释后）BROSKOS
| Q1 26 | $0.13 | — | ||
| Q4 25 | $0.17 | $-0.80 | ||
| Q3 25 | $0.14 | $-0.26 | ||
| Q2 25 | $0.20 | $-0.18 | ||
| Q1 25 | $0.13 | $-0.23 | ||
| Q4 24 | $0.03 | $0.00 | ||
| Q3 24 | $0.11 | $0.09 | ||
| Q2 24 | $0.12 | $0.12 |
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 | $263.5M | $91.5M |
| 总债务越低越好 | $199.3M | $3.1B |
| 股东权益账面价值 | $920.5M | $528.6M |
| 总资产 | $3.1B | $4.7B |
| 负债/权益比越低杠杆越低 | 0.22× | 5.78× |
8季度趋势，按日历期对齐
现金及短期投资BROSKOS
| Q1 26 | $263.5M | — | ||
| Q4 25 | $269.4M | $91.5M | ||
| Q3 25 | $267.2M | $64.0M | ||
| Q2 25 | $254.4M | $51.7M | ||
| Q1 25 | $316.4M | $49.8M | ||
| Q4 24 | $293.4M | $85.0M | ||
| Q3 24 | $281.1M | $51.6M | ||
| Q2 24 | $260.9M | $173.8M |
总债务BROSKOS
| Q1 26 | $199.3M | — | ||
| Q4 25 | $202.5M | $3.1B | ||
| Q3 25 | $202.3M | $3.0B | ||
| Q2 25 | $203.3M | $2.9B | ||
| Q1 25 | $284.2M | — | ||
| Q4 24 | $238.0M | $2.7B | ||
| Q3 24 | $241.2M | — | ||
| Q2 24 | $244.3M | — |
股东权益BROSKOS
| Q1 26 | $920.5M | — | ||
| Q4 25 | $680.8M | $528.6M | ||
| Q3 25 | $656.6M | $898.8M | ||
| Q2 25 | $636.2M | $1.0B | ||
| Q1 25 | $599.1M | $1.1B | ||
| Q4 24 | $537.4M | $1.2B | ||
| Q3 24 | $523.1M | $1.2B | ||
| Q2 24 | $509.1M | $1.1B |
总资产BROSKOS
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.0B | $4.7B | ||
| Q3 25 | $2.9B | $5.1B | ||
| Q2 25 | $2.8B | $5.2B | ||
| Q1 25 | $2.8B | $5.3B | ||
| Q4 24 | $2.5B | $5.3B | ||
| Q3 24 | $2.4B | $5.5B | ||
| Q2 24 | $2.4B | $5.4B |
负债/权益比BROSKOS
| Q1 26 | 0.22× | — | ||
| Q4 25 | 0.30× | 5.78× | ||
| Q3 25 | 0.31× | 3.31× | ||
| Q2 25 | 0.32× | 2.80× | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.44× | 2.29× | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.48× | — |
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 | $84.7M | $35.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | 3.58× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BROSKOS
| Q1 26 | $84.7M | — | ||
| Q4 25 | $79.6M | $35.3M | ||
| Q3 25 | $89.1M | $-27.6M | ||
| Q2 25 | $89.9M | $127.2M | ||
| Q1 25 | $36.9M | $-888.0K | ||
| Q4 24 | $62.2M | $175.7M | ||
| Q3 24 | $83.5M | $6.3M | ||
| Q2 24 | $59.5M | $223.7M |
自由现金流BROSKOS
| Q1 26 | — | — | ||
| Q4 25 | $8.5M | — | ||
| Q3 25 | $18.9M | — | ||
| Q2 25 | $35.7M | — | ||
| Q1 25 | $-8.7M | — | ||
| Q4 24 | $19.5M | — | ||
| Q3 24 | $26.4M | — | ||
| Q2 24 | $-4.9M | — |
自由现金流率BROSKOS
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 8.6% | — | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | -1.5% | — |
资本支出强度BROSKOS
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | — | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 13.0% | — | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | 19.8% | — |
现金转化率BROSKOS
| Q1 26 | 3.58× | — | ||
| Q4 25 | 3.73× | — | ||
| Q3 25 | 5.09× | — | ||
| Q2 25 | 3.51× | — | ||
| Q1 25 | 2.40× | — | ||
| Q4 24 | 17.23× | — | ||
| Q3 24 | 6.60× | 0.14× | ||
| Q2 24 | 4.99× | 3.74× |
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
BROS
| Company-operated shops | $429.1M | 92% |
| Franchising and other | $35.4M | 8% |
KOS
| Ghana Segment | $134.6M | 46% |
| Gulf Of America | $80.7M | 27% |
| Mauritania And Senegal | $54.9M | 19% |
| Equatorial Guinea Segment | $24.3M | 8% |
