vs
伊萨（ESAB）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
伊萨的季度营收约是BOSTON BEER CO INC的1.6倍（$745.6M vs $461.6M），伊萨同比增速更快（9.9% vs -4.1%），过去两年伊萨的营收复合增速更高（4.0% vs -10.7%）
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
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。
ESAB vs SAM — 直观对比
营收规模更大
ESAB
是对方的1.6倍
$461.6M
营收增速更快
ESAB
高出14.1%
-4.1%
两年增速更快
ESAB
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $745.6M | $461.6M |
| 净利润 | $49.2M | — |
| 毛利率 | 36.9% | 46.4% |
| 营业利润率 | 12.1% | 12.4% |
| 净利率 | 6.6% | — |
| 营收同比 | 9.9% | -4.1% |
| 净利润同比 | -29.3% | — |
| 每股收益（稀释后） | $0.78 | $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ESABSAM
| Q1 26 | $745.6M | $461.6M | ||
| Q4 25 | $727.8M | $385.7M | ||
| Q3 25 | $715.6M | $537.5M | ||
| Q2 25 | $678.1M | $587.9M | ||
| Q1 25 | — | $453.9M | ||
| Q4 24 | $670.8M | $402.3M | ||
| Q3 24 | $673.3M | $605.5M | ||
| Q2 24 | $707.1M | $579.1M |
净利润ESABSAM
| Q1 26 | $49.2M | — | ||
| Q4 25 | $54.8M | $-22.5M | ||
| Q3 25 | $66.9M | $46.2M | ||
| Q2 25 | $67.4M | $60.4M | ||
| Q1 25 | — | $24.4M | ||
| Q4 24 | $53.7M | $-38.8M | ||
| Q3 24 | $68.2M | $33.5M | ||
| Q2 24 | $82.9M | $52.3M |
毛利率ESABSAM
| Q1 26 | 36.9% | 46.4% | ||
| Q4 25 | 37.0% | 43.5% | ||
| Q3 25 | 37.2% | 50.8% | ||
| Q2 25 | 37.6% | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | 38.5% | 39.9% | ||
| Q3 24 | 37.7% | 46.3% | ||
| Q2 24 | 38.2% | 46.0% |
营业利润率ESABSAM
| Q1 26 | 12.1% | 12.4% | ||
| Q4 25 | 14.6% | -8.6% | ||
| Q3 25 | 15.2% | 11.5% | ||
| Q2 25 | 16.2% | 14.0% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | 16.6% | -13.9% | ||
| Q3 24 | 15.7% | 7.6% | ||
| Q2 24 | 16.9% | 12.2% |
净利率ESABSAM
| Q1 26 | 6.6% | — | ||
| Q4 25 | 7.5% | -5.8% | ||
| Q3 25 | 9.3% | 8.6% | ||
| Q2 25 | 9.9% | 10.3% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | 8.0% | -9.6% | ||
| Q3 24 | 10.1% | 5.5% | ||
| Q2 24 | 11.7% | 9.0% |
每股收益（稀释后）ESABSAM
| Q1 26 | $0.78 | $2.16 | ||
| Q4 25 | $0.90 | $-1.97 | ||
| Q3 25 | $1.09 | $4.25 | ||
| Q2 25 | $1.10 | $5.45 | ||
| Q1 25 | — | $2.16 | ||
| Q4 24 | $0.87 | $-3.23 | ||
| Q3 24 | $1.11 | $2.86 | ||
| Q2 24 | $1.35 | $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 | $1.0B | $164.1M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.2B | $682.6M |
| 总资产 | $5.6B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.91× | — |
8季度趋势，按日历期对齐
现金及短期投资ESABSAM
| Q1 26 | $1.0B | $164.1M | ||
| Q4 25 | $218.2M | $223.4M | ||
| Q3 25 | $258.2M | $250.5M | ||
| Q2 25 | $291.3M | $212.4M | ||
| Q1 25 | — | $152.5M | ||
| Q4 24 | $249.4M | $211.8M | ||
| Q3 24 | $253.7M | $255.6M | ||
| Q2 24 | $228.5M | $219.3M |
总债务ESABSAM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
股东权益ESABSAM
| Q1 26 | $2.2B | $682.6M | ||
| Q4 25 | $2.1B | $846.3M | ||
| Q3 25 | $2.1B | $911.0M | ||
| Q2 25 | $1.9B | $912.3M | ||
| Q1 25 | — | $897.0M | ||
| Q4 24 | $1.8B | $916.2M | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.7B | $1.0B |
总资产ESABSAM
| Q1 26 | $5.6B | $1.2B | ||
| Q4 25 | $4.9B | $1.2B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $4.2B | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $4.0B | $1.3B | ||
| Q3 24 | $4.1B | $1.4B | ||
| Q2 24 | $4.0B | $1.4B |
负债/权益比ESABSAM
| Q1 26 | 0.91× | — | ||
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — |
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 | $46.9M | — |
| 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 | 0.95× | — |
| 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ESABSAM
| Q1 26 | $46.9M | — | ||
| Q4 25 | $81.5M | $39.9M | ||
| Q3 25 | $46.6M | $101.8M | ||
| Q2 25 | $35.4M | $126.5M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | $126.9M | $41.9M | ||
| Q3 24 | $101.0M | $115.9M | ||
| Q2 24 | $83.0M | $96.0M |
自由现金流ESABSAM
| Q1 26 | — | — | ||
| Q4 25 | $70.3M | $22.1M | ||
| Q3 25 | $37.4M | $89.2M | ||
| Q2 25 | $28.1M | $112.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | $102.2M | $18.4M | ||
| Q3 24 | $90.4M | $99.2M | ||
| Q2 24 | $74.0M | $75.6M |
自由现金流率ESABSAM
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 5.7% | ||
| Q3 25 | 5.2% | 16.6% | ||
| Q2 25 | 4.1% | 19.1% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | 15.2% | 4.6% | ||
| Q3 24 | 13.4% | 16.4% | ||
| Q2 24 | 10.5% | 13.1% |
资本支出强度ESABSAM
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 4.6% | ||
| Q3 25 | 1.3% | 2.3% | ||
| Q2 25 | 1.1% | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 3.7% | 5.8% | ||
| Q3 24 | 1.6% | 2.8% | ||
| Q2 24 | 1.3% | 3.5% |
现金转化率ESABSAM
| Q1 26 | 0.95× | — | ||
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | 2.21× | ||
| Q2 25 | 0.53× | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 2.36× | — | ||
| Q3 24 | 1.48× | 3.46× | ||
| Q2 24 | 1.00× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
