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Evercore Inc.（EVR）与Constellation Brands（STZ）财务数据对比。点击上方公司名可切换其他公司
Constellation Brands的季度营收约是Evercore Inc.的1.7倍（$2.2B vs $1.3B），Constellation Brands净利率更高（22.6% vs 15.7%，领先6.9%），Evercore Inc.同比增速更快（32.4% vs -9.8%），Evercore Inc.自由现金流更多（$798.6M vs $370.9M），过去两年Evercore Inc.的营收复合增速更高（48.9% vs 1.9%）
Evercore Inc.（前称Evercore Partners）是1995年由罗杰·奥尔特曼、大卫·奥芬森德、奥斯汀·博伊特纳联合创立的全球独立投资银行咨询机构。成立至今，公司已为总规模超4.7万亿美元的并购、重组交易提供专业咨询服务，在全球投行业务领域拥有较高声誉。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
EVR vs STZ — 直观对比
营收规模更大
STZ
是对方的1.7倍
$1.3B
营收增速更快
EVR
高出42.2%
-9.8%
净利率更高
STZ
高出6.9%
15.7%
自由现金流更多
EVR
多$427.7M
$370.9M
两年增速更快
EVR
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.2B |
| 净利润 | $204.0M | $502.8M |
| 毛利率 | — | 53.2% |
| 营业利润率 | 24.2% | 31.1% |
| 净利率 | 15.7% | 22.6% |
| 营收同比 | 32.4% | -9.8% |
| 净利润同比 | 45.2% | -18.4% |
| 每股收益（稀释后） | $4.80 | — |
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EVRSTZ
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.0B | $2.5B | ||
| Q2 25 | $838.0M | $2.5B | ||
| Q1 25 | $699.0M | $2.2B | ||
| Q4 24 | $979.5M | $2.5B | ||
| Q3 24 | $738.4M | $2.9B | ||
| Q2 24 | $693.4M | $2.7B | ||
| Q1 24 | $585.0M | $2.1B |
净利润EVRSTZ
| Q4 25 | $204.0M | $502.8M | ||
| Q3 25 | $144.6M | $466.0M | ||
| Q2 25 | $97.2M | $516.1M | ||
| Q1 25 | $146.2M | $-375.3M | ||
| Q4 24 | $140.4M | $615.9M | ||
| Q3 24 | $78.4M | $-1.2B | ||
| Q2 24 | $73.8M | $877.0M | ||
| Q1 24 | $85.7M | $392.4M |
毛利率EVRSTZ
| Q4 25 | — | 53.2% | ||
| Q3 25 | — | 52.8% | ||
| Q2 25 | — | 50.4% | ||
| Q1 25 | — | 51.5% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | — | 51.8% | ||
| Q2 24 | — | 52.7% | ||
| Q1 24 | — | 48.6% |
营业利润率EVRSTZ
| Q4 25 | 24.2% | 31.1% | ||
| Q3 25 | 20.8% | 35.2% | ||
| Q2 25 | 18.0% | 28.4% | ||
| Q1 25 | 16.0% | -6.9% | ||
| Q4 24 | 21.8% | 32.2% | ||
| Q3 24 | 16.7% | -42.1% | ||
| Q2 24 | 15.9% | 35.4% | ||
| Q1 24 | 14.8% | 29.4% |
净利率EVRSTZ
| Q4 25 | 15.7% | 22.6% | ||
| Q3 25 | 13.8% | 18.8% | ||
| Q2 25 | 11.6% | 20.5% | ||
| Q1 25 | 20.9% | -17.3% | ||
| Q4 24 | 14.3% | 25.0% | ||
| Q3 24 | 10.6% | -41.1% | ||
| Q2 24 | 10.6% | 32.9% | ||
| Q1 24 | 14.6% | 18.3% |
每股收益（稀释后）EVRSTZ
| Q4 25 | $4.80 | — | ||
| Q3 25 | $3.41 | — | ||
| Q2 25 | $2.36 | — | ||
| Q1 25 | $3.48 | — | ||
| Q4 24 | $3.32 | — | ||
| Q3 24 | $1.86 | — | ||
| Q2 24 | $1.81 | — | ||
| Q1 24 | $2.09 | — |
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 | $3.0B | $152.4M |
| 总债务越低越好 | — | $10.3B |
| 股东权益账面价值 | $2.0B | $7.7B |
| 总资产 | $5.4B | $21.7B |
| 负债/权益比越低杠杆越低 | — | 1.33× |
8季度趋势，按日历期对齐
现金及短期投资EVRSTZ
| Q4 25 | $3.0B | $152.4M | ||
| Q3 25 | $2.4B | $72.0M | ||
| Q2 25 | $1.7B | $73.9M | ||
| Q1 25 | $1.4B | $68.1M | ||
| Q4 24 | $2.4B | $73.7M | ||
| Q3 24 | $1.8B | $64.6M | ||
| Q2 24 | $1.7B | $73.8M | ||
| Q1 24 | $1.4B | $152.4M |
总债务EVRSTZ
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.3B | ||
| Q2 25 | — | $11.2B | ||
| Q1 25 | — | $10.7B | ||
| Q4 24 | — | $10.7B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $11.1B | ||
| Q1 24 | — | $11.6B |
股东权益EVRSTZ
| Q4 25 | $2.0B | $7.7B | ||
| Q3 25 | $1.8B | $7.5B | ||
| Q2 25 | $1.7B | $7.3B | ||
| Q1 25 | $1.5B | $6.9B | ||
| Q4 24 | $1.7B | $7.8B | ||
| Q3 24 | $1.6B | $7.9B | ||
| Q2 24 | $1.5B | $10.3B | ||
| Q1 24 | $1.4B | $9.7B |
总资产EVRSTZ
| Q4 25 | $5.4B | $21.7B | ||
| Q3 25 | $4.4B | $21.4B | ||
| Q2 25 | $3.7B | $22.3B | ||
| Q1 25 | $3.3B | $21.7B | ||
| Q4 24 | $4.2B | $22.8B | ||
| Q3 24 | $3.6B | $23.1B | ||
| Q2 24 | $3.3B | $26.1B | ||
| Q1 24 | $3.0B | $25.7B |
负债/权益比EVRSTZ
| Q4 25 | — | 1.33× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.08× | ||
| Q1 24 | — | 1.19× |
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 | $807.5M | $616.9M |
| 自由现金流经营现金流 - 资本支出 | $798.6M | $370.9M |
| 自由现金流率自由现金流/营收 | 61.6% | 16.7% |
| 资本支出强度资本支出/营收 | 0.7% | 11.1% |
| 现金转化率经营现金流/净利润 | 3.96× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.8B |
8季度趋势，按日历期对齐
经营现金流EVRSTZ
| Q4 25 | $807.5M | $616.9M | ||
| Q3 25 | $560.9M | $852.1M | ||
| Q2 25 | $437.7M | $637.2M | ||
| Q1 25 | $-549.7M | $594.7M | ||
| Q4 24 | $686.4M | $685.2M | ||
| Q3 24 | $234.5M | $1.2B | ||
| Q2 24 | $348.5M | $690.5M | ||
| Q1 24 | $-281.2M | $433.2M |
自由现金流EVRSTZ
| Q4 25 | $798.6M | $370.9M | ||
| Q3 25 | $541.5M | $634.8M | ||
| Q2 25 | $411.7M | $444.4M | ||
| Q1 25 | $-569.3M | $312.1M | ||
| Q4 24 | $673.1M | $456.8M | ||
| Q3 24 | $226.6M | $854.0M | ||
| Q2 24 | $340.7M | $315.2M | ||
| Q1 24 | $-282.3M | $76.0M |
自由现金流率EVRSTZ
| Q4 25 | 61.6% | 16.7% | ||
| Q3 25 | 51.8% | 25.6% | ||
| Q2 25 | 49.1% | 17.7% | ||
| Q1 25 | -81.4% | 14.4% | ||
| Q4 24 | 68.7% | 18.5% | ||
| Q3 24 | 30.7% | 29.3% | ||
| Q2 24 | 49.1% | 11.8% | ||
| Q1 24 | -48.3% | 3.6% |
资本支出强度EVRSTZ
| Q4 25 | 0.7% | 11.1% | ||
| Q3 25 | 1.9% | 8.8% | ||
| Q2 25 | 3.1% | 7.7% | ||
| Q1 25 | 2.8% | 13.1% | ||
| Q4 24 | 1.4% | 9.3% | ||
| Q3 24 | 1.1% | 11.2% | ||
| Q2 24 | 1.1% | 14.1% | ||
| Q1 24 | 0.2% | 16.7% |
现金转化率EVRSTZ
| Q4 25 | 3.96× | 1.23× | ||
| Q3 25 | 3.88× | 1.83× | ||
| Q2 25 | 4.50× | 1.23× | ||
| Q1 25 | -3.76× | — | ||
| Q4 24 | 4.89× | 1.11× | ||
| Q3 24 | 2.99× | — | ||
| Q2 24 | 4.72× | 0.79× | ||
| Q1 24 | -3.28× | 1.10× |
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
EVR
| Advisory Fees | $1.1B | 87% |
| Commissions And Related Revenue | $66.5M | 5% |
| Underwriting Fees | $49.5M | 4% |
| Other | $29.6M | 2% |
| Investment Management | $23.2M | 2% |
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
