vs
CrossAmerica Partners LP（CAPL）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
CrossAmerica Partners LP的季度营收约是BOSTON BEER CO INC的1.9倍（$866.3M vs $461.6M），BOSTON BEER CO INC同比增速更快（-4.1% vs -8.3%），过去两年CrossAmerica Partners LP的营收复合增速更高（-4.1% vs -10.7%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs SAM — 直观对比
营收规模更大
CAPL
是对方的1.9倍
$461.6M
营收增速更快
SAM
高出4.1%
-8.3%
两年增速更快
CAPL
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $461.6M |
| 净利润 | $10.2M | — |
| 毛利率 | 12.4% | 46.4% |
| 营业利润率 | 3.0% | 12.4% |
| 净利率 | 1.2% | — |
| 营收同比 | -8.3% | -4.1% |
| 净利润同比 | -39.6% | — |
| 每股收益（稀释后） | $0.24 | $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CAPLSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $866.3M | $385.7M | ||
| Q3 25 | $971.8M | $537.5M | ||
| Q2 25 | $961.9M | $587.9M | ||
| Q1 25 | $862.5M | $453.9M | ||
| Q4 24 | $944.2M | $402.3M | ||
| Q3 24 | $1.1B | $605.5M | ||
| Q2 24 | $1.1B | $579.1M |
净利润CAPLSAM
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $-22.5M | ||
| Q3 25 | $13.6M | $46.2M | ||
| Q2 25 | $25.2M | $60.4M | ||
| Q1 25 | $-7.1M | $24.4M | ||
| Q4 24 | $16.9M | $-38.8M | ||
| Q3 24 | $10.7M | $33.5M | ||
| Q2 24 | $12.4M | $52.3M |
毛利率CAPLSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 12.4% | 43.5% | ||
| Q3 25 | 10.8% | 50.8% | ||
| Q2 25 | 10.5% | 49.8% | ||
| Q1 25 | 10.4% | 48.3% | ||
| Q4 24 | 10.7% | 39.9% | ||
| Q3 24 | 10.3% | 46.3% | ||
| Q2 24 | 9.2% | 46.0% |
营业利润率CAPLSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 3.0% | -8.6% | ||
| Q3 25 | 2.9% | 11.5% | ||
| Q2 25 | 4.3% | 14.0% | ||
| Q1 25 | 0.2% | 7.4% | ||
| Q4 24 | 3.0% | -13.9% | ||
| Q3 24 | 2.5% | 7.6% | ||
| Q2 24 | 2.5% | 12.2% |
净利率CAPLSAM
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | -5.8% | ||
| Q3 25 | 1.4% | 8.6% | ||
| Q2 25 | 2.6% | 10.3% | ||
| Q1 25 | -0.8% | 5.4% | ||
| Q4 24 | 1.8% | -9.6% | ||
| Q3 24 | 1.0% | 5.5% | ||
| Q2 24 | 1.1% | 9.0% |
每股收益（稀释后）CAPLSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $0.24 | $-1.97 | ||
| Q3 25 | $0.34 | $4.25 | ||
| Q2 25 | $0.64 | $5.45 | ||
| Q1 25 | $-0.20 | $2.16 | ||
| Q4 24 | $0.42 | $-3.23 | ||
| Q3 24 | $0.27 | $2.86 | ||
| Q2 24 | $0.31 | $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 | $3.1M | $164.1M |
| 总债务越低越好 | $687.2M | — |
| 股东权益账面价值 | — | $682.6M |
| 总资产 | $964.7M | $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CAPLSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $3.1M | $223.4M | ||
| Q3 25 | $5.8M | $250.5M | ||
| Q2 25 | $9.7M | $212.4M | ||
| Q1 25 | $6.7M | $152.5M | ||
| Q4 24 | $3.4M | $211.8M | ||
| Q3 24 | $7.8M | $255.6M | ||
| Q2 24 | $5.5M | $219.3M |
总债务CAPLSAM
| Q1 26 | — | — | ||
| Q4 25 | $687.2M | — | ||
| Q3 25 | $700.8M | — | ||
| Q2 25 | $722.7M | — | ||
| Q1 25 | $774.1M | — | ||
| Q4 24 | $763.9M | — | ||
| Q3 24 | $769.2M | — | ||
| Q2 24 | $786.7M | — |
股东权益CAPLSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | — | $846.3M | ||
| Q3 25 | — | $911.0M | ||
| Q2 25 | — | $912.3M | ||
| Q1 25 | — | $897.0M | ||
| Q4 24 | — | $916.2M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
总资产CAPLSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $964.7M | $1.2B | ||
| Q3 25 | $998.9M | $1.2B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $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 | $29.4M | — |
| 自由现金流经营现金流 - 资本支出 | $22.4M | — |
| 自由现金流率自由现金流/营收 | 2.6% | — |
| 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 | 2.89× | — |
| 过去12个月自由现金流最近4个季度 | $55.8M | — |
8季度趋势，按日历期对齐
经营现金流CAPLSAM
| Q1 26 | — | — | ||
| Q4 25 | $29.4M | $39.9M | ||
| Q3 25 | $24.4M | $101.8M | ||
| Q2 25 | $22.6M | $126.5M | ||
| Q1 25 | $15.0M | $1.9M | ||
| Q4 24 | $11.1M | $41.9M | ||
| Q3 24 | $41.9M | $115.9M | ||
| Q2 24 | $28.9M | $96.0M |
自由现金流CAPLSAM
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $22.1M | ||
| Q3 25 | $17.7M | $89.2M | ||
| Q2 25 | $10.8M | $112.2M | ||
| Q1 25 | $4.9M | $-8.0M | ||
| Q4 24 | $3.9M | $18.4M | ||
| Q3 24 | $34.2M | $99.2M | ||
| Q2 24 | $23.6M | $75.6M |
自由现金流率CAPLSAM
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 5.7% | ||
| Q3 25 | 1.8% | 16.6% | ||
| Q2 25 | 1.1% | 19.1% | ||
| Q1 25 | 0.6% | -1.8% | ||
| Q4 24 | 0.4% | 4.6% | ||
| Q3 24 | 3.2% | 16.4% | ||
| Q2 24 | 2.1% | 13.1% |
资本支出强度CAPLSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 4.6% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 1.2% | 2.4% | ||
| Q1 25 | 1.2% | 2.2% | ||
| Q4 24 | 0.8% | 5.8% | ||
| Q3 24 | 0.7% | 2.8% | ||
| Q2 24 | 0.5% | 3.5% |
现金转化率CAPLSAM
| Q1 26 | — | — | ||
| Q4 25 | 2.89× | — | ||
| Q3 25 | 1.79× | 2.21× | ||
| Q2 25 | 0.90× | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 3.92× | 3.46× | ||
| Q2 24 | 2.33× | 1.83× |
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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
SAM
暂无分部数据
