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GE医疗（DHC）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
BOSTON BEER CO INC的季度营收约是GE医疗的1.2倍（$461.6M vs $379.6M），GE医疗同比增速更快（-0.0% vs -4.1%），过去两年GE医疗的营收复合增速更高（1.2% vs -10.7%）
GE医疗是一家总部位于美国伊利诺伊州芝加哥市的医疗科技企业，业务涵盖四大板块：医疗影像设备，包括分子成像、CT、核磁共振、妇科健康筛查及X光系统；超声设备；患者护理解决方案，聚焦远程患者监测、麻醉呼吸护理、心脏诊断及婴幼儿护理；此外还涉及医药相关领域，是全球医疗行业的知名企业。
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。
DHC vs SAM — 直观对比
营收规模更大
SAM
是对方的1.2倍
$379.6M
营收增速更快
DHC
高出4.1%
-4.1%
两年增速更快
DHC
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $379.6M | $461.6M |
| 净利润 | $-21.2M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | -12.6% | 12.4% |
| 净利率 | -5.6% | — |
| 营收同比 | -0.0% | -4.1% |
| 净利润同比 | 75.7% | — |
| 每股收益（稀释后） | $-0.09 | $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DHCSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $379.6M | $385.7M | ||
| Q3 25 | $388.7M | $537.5M | ||
| Q2 25 | $382.7M | $587.9M | ||
| Q1 25 | $386.9M | $453.9M | ||
| Q4 24 | $379.6M | $402.3M | ||
| Q3 24 | $373.6M | $605.5M | ||
| Q2 24 | $371.4M | $579.1M |
净利润DHCSAM
| Q1 26 | — | — | ||
| Q4 25 | $-21.2M | $-22.5M | ||
| Q3 25 | $-164.0M | $46.2M | ||
| Q2 25 | $-91.6M | $60.4M | ||
| Q1 25 | $-9.0M | $24.4M | ||
| Q4 24 | $-87.4M | $-38.8M | ||
| Q3 24 | $-98.7M | $33.5M | ||
| Q2 24 | $-97.9M | $52.3M |
毛利率DHCSAM
| 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DHCSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | -12.6% | -8.6% | ||
| Q3 25 | -43.4% | 11.5% | ||
| Q2 25 | -24.5% | 14.0% | ||
| Q1 25 | -2.7% | 7.4% | ||
| Q4 24 | -26.1% | -13.9% | ||
| Q3 24 | -26.5% | 7.6% | ||
| Q2 24 | -23.0% | 12.2% |
净利率DHCSAM
| Q1 26 | — | — | ||
| Q4 25 | -5.6% | -5.8% | ||
| Q3 25 | -42.2% | 8.6% | ||
| Q2 25 | -23.9% | 10.3% | ||
| Q1 25 | -2.3% | 5.4% | ||
| Q4 24 | -23.0% | -9.6% | ||
| Q3 24 | -26.4% | 5.5% | ||
| Q2 24 | -26.3% | 9.0% |
每股收益（稀释后）DHCSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $-0.09 | $-1.97 | ||
| Q3 25 | $-0.68 | $4.25 | ||
| Q2 25 | $-0.38 | $5.45 | ||
| Q1 25 | $-0.04 | $2.16 | ||
| Q4 24 | $-0.37 | $-3.23 | ||
| Q3 24 | $-0.41 | $2.86 | ||
| Q2 24 | $-0.41 | $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 | $105.4M | $164.1M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $1.7B | $682.6M |
| 总资产 | $4.4B | $1.2B |
| 负债/权益比越低杠杆越低 | 1.47× | — |
8季度趋势，按日历期对齐
现金及短期投资DHCSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $105.4M | $223.4M | ||
| Q3 25 | $201.4M | $250.5M | ||
| Q2 25 | $141.8M | $212.4M | ||
| Q1 25 | $302.6M | $152.5M | ||
| Q4 24 | $144.6M | $211.8M | ||
| Q3 24 | $256.5M | $255.6M | ||
| Q2 24 | $265.6M | $219.3M |
总债务DHCSAM
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DHCSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $1.7B | $846.3M | ||
| Q3 25 | $1.7B | $911.0M | ||
| Q2 25 | $1.9B | $912.3M | ||
| Q1 25 | $1.9B | $897.0M | ||
| Q4 24 | $2.0B | $916.2M | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $2.1B | $1.0B |
总资产DHCSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $4.4B | $1.2B | ||
| Q3 25 | $4.7B | $1.2B | ||
| Q2 25 | $4.8B | $1.3B | ||
| Q1 25 | $5.0B | $1.2B | ||
| Q4 24 | $5.1B | $1.3B | ||
| Q3 24 | $5.3B | $1.4B | ||
| Q2 24 | $5.3B | $1.4B |
负债/权益比DHCSAM
| Q1 26 | — | — | ||
| Q4 25 | 1.47× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-19.6M | — |
| 自由现金流经营现金流 - 资本支出 | $-166.4M | — |
| 自由现金流率自由现金流/营收 | -43.8% | — |
| 资本支出强度资本支出/营收 | 38.7% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-280.3M | — |
8季度趋势，按日历期对齐
经营现金流DHCSAM
| Q1 26 | — | — | ||
| Q4 25 | $-19.6M | $39.9M | ||
| Q3 25 | $-49.3M | $101.8M | ||
| Q2 25 | $53.0M | $126.5M | ||
| Q1 25 | $-3.2M | $1.9M | ||
| Q4 24 | $112.2M | $41.9M | ||
| Q3 24 | $21.1M | $115.9M | ||
| Q2 24 | $44.3M | $96.0M |
自由现金流DHCSAM
| Q1 26 | — | — | ||
| Q4 25 | $-166.4M | $22.1M | ||
| Q3 25 | $-89.8M | $89.2M | ||
| Q2 25 | $18.8M | $112.2M | ||
| Q1 25 | $-42.9M | $-8.0M | ||
| Q4 24 | $-89.5M | $18.4M | ||
| Q3 24 | $-26.1M | $99.2M | ||
| Q2 24 | $3.3M | $75.6M |
自由现金流率DHCSAM
| Q1 26 | — | — | ||
| Q4 25 | -43.8% | 5.7% | ||
| Q3 25 | -23.1% | 16.6% | ||
| Q2 25 | 4.9% | 19.1% | ||
| Q1 25 | -11.1% | -1.8% | ||
| Q4 24 | -23.6% | 4.6% | ||
| Q3 24 | -7.0% | 16.4% | ||
| Q2 24 | 0.9% | 13.1% |
资本支出强度DHCSAM
| Q1 26 | — | — | ||
| Q4 25 | 38.7% | 4.6% | ||
| Q3 25 | 10.4% | 2.3% | ||
| Q2 25 | 8.9% | 2.4% | ||
| Q1 25 | 10.2% | 2.2% | ||
| Q4 24 | 53.1% | 5.8% | ||
| Q3 24 | 12.6% | 2.8% | ||
| Q2 24 | 11.0% | 3.5% |
现金转化率DHCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | — | 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
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
SAM
暂无分部数据
