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COMERICA INC（CMA）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
COMERICA INC的季度营收约是BOSTON BEER CO INC的1.8倍（$838.0M vs $461.6M），COMERICA INC同比增速更快（3.3% vs -4.1%），过去两年COMERICA INC的营收复合增速更高（108.9% vs -10.7%）
Comerica公司是总部位于美国得克萨斯州达拉斯的金融服务企业，为美国大型金融控股公司之一。旗下Comerica银行为区域性商业银行，在得克萨斯、密歇根、加利福尼亚、佛罗里达、亚利桑那五州共设413家网点，在美国多座城市设有办公场所。
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。
CMA vs SAM — 直观对比
营收规模更大
CMA
是对方的1.8倍
$461.6M
营收增速更快
CMA
高出7.4%
-4.1%
两年增速更快
CMA
近两年复合增速
-10.7%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $838.0M | $461.6M |
| 净利润 | $176.0M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | — | 12.4% |
| 净利率 | 21.0% | — |
| 营收同比 | 3.3% | -4.1% |
| 净利润同比 | -4.3% | — |
| 每股收益（稀释后） | $1.35 | $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CMASAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | — | $385.7M | ||
| Q3 25 | $838.0M | $537.5M | ||
| Q2 25 | $849.0M | $587.9M | ||
| Q1 25 | $829.0M | $453.9M | ||
| Q4 24 | $825.0M | $402.3M | ||
| Q3 24 | $811.0M | $605.5M | ||
| Q2 24 | $824.0M | $579.1M |
净利润CMASAM
| Q1 26 | — | — | ||
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $176.0M | $46.2M | ||
| Q2 25 | $199.0M | $60.4M | ||
| Q1 25 | $172.0M | $24.4M | ||
| Q4 24 | $170.0M | $-38.8M | ||
| Q3 24 | $184.0M | $33.5M | ||
| Q2 24 | $206.0M | $52.3M |
毛利率CMASAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 46.0% |
营业利润率CMASAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | — | -8.6% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | -13.9% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 12.2% |
净利率CMASAM
| Q1 26 | — | — | ||
| Q4 25 | — | -5.8% | ||
| Q3 25 | 21.0% | 8.6% | ||
| Q2 25 | 23.4% | 10.3% | ||
| Q1 25 | 20.7% | 5.4% | ||
| Q4 24 | 20.6% | -9.6% | ||
| Q3 24 | 22.7% | 5.5% | ||
| Q2 24 | 25.0% | 9.0% |
每股收益（稀释后）CMASAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | — | $-1.97 | ||
| Q3 25 | $1.35 | $4.25 | ||
| Q2 25 | $1.42 | $5.45 | ||
| Q1 25 | $1.25 | $2.16 | ||
| Q4 24 | $1.22 | $-3.23 | ||
| Q3 24 | $1.33 | $2.86 | ||
| Q2 24 | $1.49 | $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 | — | $164.1M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $7.4B | $682.6M |
| 总资产 | $77.4B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资CMASAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | — | $223.4M | ||
| Q3 25 | — | $250.5M | ||
| Q2 25 | — | $212.4M | ||
| Q1 25 | — | $152.5M | ||
| Q4 24 | — | $211.8M | ||
| Q3 24 | — | $255.6M | ||
| Q2 24 | — | $219.3M |
总债务CMASAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — |
股东权益CMASAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | — | $846.3M | ||
| Q3 25 | $7.4B | $911.0M | ||
| Q2 25 | $6.9B | $912.3M | ||
| Q1 25 | $7.1B | $897.0M | ||
| Q4 24 | $6.5B | $916.2M | ||
| Q3 24 | $7.4B | $1.0B | ||
| Q2 24 | $6.2B | $1.0B |
总资产CMASAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $77.4B | $1.2B | ||
| Q2 25 | $78.0B | $1.3B | ||
| Q1 25 | $77.6B | $1.2B | ||
| Q4 24 | $79.3B | $1.3B | ||
| Q3 24 | $79.7B | $1.4B | ||
| Q2 24 | $79.6B | $1.4B |
负债/权益比CMASAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — |
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 | $-270.0M | — |
| 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 | -1.53× | — |
| 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CMASAM
| Q1 26 | — | — | ||
| Q4 25 | — | $39.9M | ||
| Q3 25 | $-270.0M | $101.8M | ||
| Q2 25 | $476.0M | $126.5M | ||
| Q1 25 | $273.0M | $1.9M | ||
| Q4 24 | $601.0M | $41.9M | ||
| Q3 24 | $1.0B | $115.9M | ||
| Q2 24 | $111.0M | $96.0M |
自由现金流CMASAM
| Q1 26 | — | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $89.2M | ||
| Q2 25 | — | $112.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $18.4M | ||
| Q3 24 | — | $99.2M | ||
| Q2 24 | — | $75.6M |
自由现金流率CMASAM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 13.1% |
资本支出强度CMASAM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.5% |
现金转化率CMASAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.53× | 2.21× | ||
| Q2 25 | 2.39× | 2.09× | ||
| Q1 25 | 1.59× | 0.08× | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 5.70× | 3.46× | ||
| Q2 24 | 0.54× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
