vs
DT Midstream, Inc.（DTM）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DT Midstream, Inc.的1.5倍（$461.6M vs $317.0M），DT Midstream, Inc.同比增速更快（27.3% vs -4.1%），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% vs -10.7%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
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。
DTM vs SAM — 直观对比
营收规模更大
SAM
是对方的1.5倍
$317.0M
营收增速更快
DTM
高出31.4%
-4.1%
两年增速更快
DTM
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $461.6M |
| 净利润 | $111.0M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 49.2% | 12.4% |
| 净利率 | 35.0% | — |
| 营收同比 | 27.3% | -4.1% |
| 净利润同比 | 52.1% | — |
| 每股收益（稀释后） | $1.07 | $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DTMSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $317.0M | $385.7M | ||
| Q3 25 | $314.0M | $537.5M | ||
| Q2 25 | $309.0M | $587.9M | ||
| Q1 25 | $303.0M | $453.9M | ||
| Q4 24 | $249.0M | $402.3M | ||
| Q3 24 | $248.0M | $605.5M | ||
| Q2 24 | $244.0M | $579.1M |
净利润DTMSAM
| Q1 26 | — | — | ||
| Q4 25 | $111.0M | $-22.5M | ||
| Q3 25 | $115.0M | $46.2M | ||
| Q2 25 | $107.0M | $60.4M | ||
| Q1 25 | $108.0M | $24.4M | ||
| Q4 24 | $73.0M | $-38.8M | ||
| Q3 24 | $88.0M | $33.5M | ||
| Q2 24 | $96.0M | $52.3M |
毛利率DTMSAM
| 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DTMSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 49.2% | -8.6% | ||
| Q3 25 | 49.4% | 11.5% | ||
| Q2 25 | 50.2% | 14.0% | ||
| Q1 25 | 48.8% | 7.4% | ||
| Q4 24 | 45.4% | -13.9% | ||
| Q3 24 | 49.2% | 7.6% | ||
| Q2 24 | 53.3% | 12.2% |
净利率DTMSAM
| Q1 26 | — | — | ||
| Q4 25 | 35.0% | -5.8% | ||
| Q3 25 | 36.6% | 8.6% | ||
| Q2 25 | 34.6% | 10.3% | ||
| Q1 25 | 35.6% | 5.4% | ||
| Q4 24 | 29.3% | -9.6% | ||
| Q3 24 | 35.5% | 5.5% | ||
| Q2 24 | 39.3% | 9.0% |
每股收益（稀释后）DTMSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $1.07 | $-1.97 | ||
| Q3 25 | $1.13 | $4.25 | ||
| Q2 25 | $1.04 | $5.45 | ||
| Q1 25 | $1.06 | $2.16 | ||
| Q4 24 | $0.73 | $-3.23 | ||
| Q3 24 | $0.90 | $2.86 | ||
| Q2 24 | $0.98 | $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 | $54.0M | $164.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $682.6M |
| 总资产 | $10.1B | $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DTMSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $54.0M | $223.4M | ||
| Q3 25 | $98.0M | $250.5M | ||
| Q2 25 | $74.0M | $212.4M | ||
| Q1 25 | $83.0M | $152.5M | ||
| Q4 24 | $68.0M | $211.8M | ||
| Q3 24 | $77.0M | $255.6M | ||
| Q2 24 | $73.0M | $219.3M |
总债务DTMSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DTMSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $4.7B | $846.3M | ||
| Q3 25 | $4.7B | $911.0M | ||
| Q2 25 | $4.7B | $912.3M | ||
| Q1 25 | $4.6B | $897.0M | ||
| Q4 24 | $4.6B | $916.2M | ||
| Q3 24 | $4.2B | $1.0B | ||
| Q2 24 | $4.2B | $1.0B |
总资产DTMSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $10.1B | $1.2B | ||
| Q3 25 | $10.1B | $1.2B | ||
| Q2 25 | $10.0B | $1.3B | ||
| Q1 25 | $9.9B | $1.2B | ||
| Q4 24 | $9.9B | $1.3B | ||
| Q3 24 | $8.6B | $1.4B | ||
| Q2 24 | $9.0B | $1.4B |
负债/权益比DTMSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.72× | — | ||
| 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 | $161.0M | — |
| 自由现金流经营现金流 - 资本支出 | $30.0M | — |
| 自由现金流率自由现金流/营收 | 9.5% | — |
| 资本支出强度资本支出/营收 | 41.3% | — |
| 现金转化率经营现金流/净利润 | 1.45× | — |
| 过去12个月自由现金流最近4个季度 | $441.0M | — |
8季度趋势，按日历期对齐
经营现金流DTMSAM
| Q1 26 | — | — | ||
| Q4 25 | $161.0M | $39.9M | ||
| Q3 25 | $274.0M | $101.8M | ||
| Q2 25 | $185.0M | $126.5M | ||
| Q1 25 | $247.0M | $1.9M | ||
| Q4 24 | $152.0M | $41.9M | ||
| Q3 24 | $205.0M | $115.9M | ||
| Q2 24 | $165.0M | $96.0M |
自由现金流DTMSAM
| Q1 26 | — | — | ||
| Q4 25 | $30.0M | $22.1M | ||
| Q3 25 | $131.0M | $89.2M | ||
| Q2 25 | $104.0M | $112.2M | ||
| Q1 25 | $176.0M | $-8.0M | ||
| Q4 24 | $62.0M | $18.4M | ||
| Q3 24 | $124.0M | $99.2M | ||
| Q2 24 | $84.0M | $75.6M |
自由现金流率DTMSAM
| Q1 26 | — | — | ||
| Q4 25 | 9.5% | 5.7% | ||
| Q3 25 | 41.7% | 16.6% | ||
| Q2 25 | 33.7% | 19.1% | ||
| Q1 25 | 58.1% | -1.8% | ||
| Q4 24 | 24.9% | 4.6% | ||
| Q3 24 | 50.0% | 16.4% | ||
| Q2 24 | 34.4% | 13.1% |
资本支出强度DTMSAM
| Q1 26 | — | — | ||
| Q4 25 | 41.3% | 4.6% | ||
| Q3 25 | 45.5% | 2.3% | ||
| Q2 25 | 26.2% | 2.4% | ||
| Q1 25 | 23.4% | 2.2% | ||
| Q4 24 | 36.1% | 5.8% | ||
| Q3 24 | 32.7% | 2.8% | ||
| Q2 24 | 33.2% | 3.5% |
现金转化率DTMSAM
| Q1 26 | — | — | ||
| Q4 25 | 1.45× | — | ||
| Q3 25 | 2.38× | 2.21× | ||
| Q2 25 | 1.73× | 2.09× | ||
| Q1 25 | 2.29× | 0.08× | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 2.33× | 3.46× | ||
| Q2 24 | 1.72× | 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
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
SAM
暂无分部数据
