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Elastic N.V.（ESTC）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Elastic N.V.的1.1倍（$461.6M vs $423.5M），Elastic N.V.同比增速更快（15.9% vs -4.1%），过去两年Elastic N.V.的营收复合增速更高（13.6% vs -10.7%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
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。
ESTC vs SAM — 直观对比
营收规模更大
SAM
是对方的1.1倍
$423.5M
营收增速更快
ESTC
高出20.0%
-4.1%
两年增速更快
ESTC
近两年复合增速
-10.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $461.6M |
| 净利润 | $-51.3M | — |
| 毛利率 | 75.9% | 46.4% |
| 营业利润率 | -1.9% | 12.4% |
| 净利率 | -12.1% | — |
| 营收同比 | 15.9% | -4.1% |
| 净利润同比 | -101.5% | — |
| 每股收益（稀释后） | $-0.48 | $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ESTCSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $423.5M | $385.7M | ||
| Q3 25 | $415.3M | $537.5M | ||
| Q2 25 | $388.4M | $587.9M | ||
| Q1 25 | $382.1M | $453.9M | ||
| Q4 24 | $365.4M | $402.3M | ||
| Q3 24 | $347.4M | $605.5M | ||
| Q2 24 | $335.0M | $579.1M |
净利润ESTCSAM
| Q1 26 | — | — | ||
| Q4 25 | $-51.3M | $-22.5M | ||
| Q3 25 | $-24.6M | $46.2M | ||
| Q2 25 | $-16.4M | $60.4M | ||
| Q1 25 | $-17.1M | $24.4M | ||
| Q4 24 | $-25.4M | $-38.8M | ||
| Q3 24 | $-49.2M | $33.5M | ||
| Q2 24 | $-41.1M | $52.3M |
毛利率ESTCSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 75.9% | 43.5% | ||
| Q3 25 | 76.7% | 50.8% | ||
| Q2 25 | 74.8% | 49.8% | ||
| Q1 25 | 74.6% | 48.3% | ||
| Q4 24 | 74.5% | 39.9% | ||
| Q3 24 | 73.6% | 46.3% | ||
| Q2 24 | 73.8% | 46.0% |
营业利润率ESTCSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | -1.9% | -8.6% | ||
| Q3 25 | -2.3% | 11.5% | ||
| Q2 25 | -3.1% | 14.0% | ||
| Q1 25 | -1.2% | 7.4% | ||
| Q4 24 | -1.2% | -13.9% | ||
| Q3 24 | -9.7% | 7.6% | ||
| Q2 24 | -13.6% | 12.2% |
净利率ESTCSAM
| Q1 26 | — | — | ||
| Q4 25 | -12.1% | -5.8% | ||
| Q3 25 | -5.9% | 8.6% | ||
| Q2 25 | -4.2% | 10.3% | ||
| Q1 25 | -4.5% | 5.4% | ||
| Q4 24 | -7.0% | -9.6% | ||
| Q3 24 | -14.2% | 5.5% | ||
| Q2 24 | -12.3% | 9.0% |
每股收益（稀释后）ESTCSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $-0.48 | $-1.97 | ||
| Q3 25 | $-0.23 | $4.25 | ||
| Q2 25 | $-0.15 | $5.45 | ||
| Q1 25 | $-0.16 | $2.16 | ||
| Q4 24 | $-0.25 | $-3.23 | ||
| Q3 24 | $-0.48 | $2.86 | ||
| Q2 24 | $-0.35 | $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 | $1.4B | $164.1M |
| 总债务越低越好 | $570.3M | — |
| 股东权益账面价值 | $891.1M | $682.6M |
| 总资产 | $2.5B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.64× | — |
8季度趋势，按日历期对齐
现金及短期投资ESTCSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $1.4B | $223.4M | ||
| Q3 25 | $1.5B | $250.5M | ||
| Q2 25 | $1.4B | $212.4M | ||
| Q1 25 | $584.0M | $152.5M | ||
| Q4 24 | $658.5M | $211.8M | ||
| Q3 24 | $594.9M | $255.6M | ||
| Q2 24 | $1.1B | $219.3M |
总债务ESTCSAM
| Q1 26 | — | — | ||
| Q4 25 | $570.3M | — | ||
| Q3 25 | $570.0M | — | ||
| Q2 25 | $569.7M | — | ||
| Q1 25 | $569.4M | — | ||
| Q4 24 | $569.2M | — | ||
| Q3 24 | $568.9M | — | ||
| Q2 24 | $568.6M | — |
股东权益ESTCSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $891.1M | $846.3M | ||
| Q3 25 | $971.4M | $911.0M | ||
| Q2 25 | $927.2M | $912.3M | ||
| Q1 25 | $859.1M | $897.0M | ||
| Q4 24 | $811.5M | $916.2M | ||
| Q3 24 | $759.4M | $1.0B | ||
| Q2 24 | $738.2M | $1.0B |
总资产ESTCSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.5B | $1.2B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.2B | $1.4B |
负债/权益比ESTCSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 0.77× | — |
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 | $26.6M | — |
| 自由现金流经营现金流 - 资本支出 | $26.0M | — |
| 自由现金流率自由现金流/营收 | 6.1% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 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 | $302.3M | — |
8季度趋势，按日历期对齐
经营现金流ESTCSAM
| Q1 26 | — | — | ||
| Q4 25 | $26.6M | $39.9M | ||
| Q3 25 | $104.8M | $101.8M | ||
| Q2 25 | $87.0M | $126.5M | ||
| Q1 25 | $88.1M | $1.9M | ||
| Q4 24 | $38.4M | $41.9M | ||
| Q3 24 | $52.8M | $115.9M | ||
| Q2 24 | $60.9M | $96.0M |
自由现金流ESTCSAM
| Q1 26 | — | — | ||
| Q4 25 | $26.0M | $22.1M | ||
| Q3 25 | $104.2M | $89.2M | ||
| Q2 25 | $84.9M | $112.2M | ||
| Q1 25 | $87.3M | $-8.0M | ||
| Q4 24 | $37.7M | $18.4M | ||
| Q3 24 | $52.0M | $99.2M | ||
| Q2 24 | $60.1M | $75.6M |
自由现金流率ESTCSAM
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 5.7% | ||
| Q3 25 | 25.1% | 16.6% | ||
| Q2 25 | 21.8% | 19.1% | ||
| Q1 25 | 22.8% | -1.8% | ||
| Q4 24 | 10.3% | 4.6% | ||
| Q3 24 | 15.0% | 16.4% | ||
| Q2 24 | 17.9% | 13.1% |
资本支出强度ESTCSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 4.6% | ||
| Q3 25 | 0.2% | 2.3% | ||
| Q2 25 | 0.5% | 2.4% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | 0.2% | 5.8% | ||
| Q3 24 | 0.2% | 2.8% | ||
| Q2 24 | 0.3% | 3.5% |
现金转化率ESTCSAM
| 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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
SAM
暂无分部数据
