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F5, Inc.（FFIV）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
F5, Inc.的季度营收约是BOSTON BEER CO INC的1.8倍（$811.7M vs $461.6M），F5, Inc.同比增速更快（11.0% vs -4.1%），过去两年F5, Inc.的营收复合增速更高（8.0% vs -10.7%）
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
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。
FFIV vs SAM — 直观对比
营收规模更大
FFIV
是对方的1.8倍
$461.6M
营收增速更快
FFIV
高出15.1%
-4.1%
两年增速更快
FFIV
近两年复合增速
-10.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $811.7M | $461.6M |
| 净利润 | $148.0M | — |
| 毛利率 | 81.4% | 46.4% |
| 营业利润率 | 22.1% | 12.4% |
| 净利率 | 18.2% | — |
| 营收同比 | 11.0% | -4.1% |
| 净利润同比 | 1.5% | — |
| 每股收益（稀释后） | $2.58 | $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FFIVSAM
| Q1 26 | $811.7M | $461.6M | ||
| Q4 25 | $822.5M | $385.7M | ||
| Q3 25 | $810.1M | $537.5M | ||
| Q2 25 | $780.4M | $587.9M | ||
| Q1 25 | $731.1M | $453.9M | ||
| Q4 24 | $766.5M | $402.3M | ||
| Q3 24 | $746.7M | $605.5M | ||
| Q2 24 | $695.5M | $579.1M |
净利润FFIVSAM
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | $-22.5M | ||
| Q3 25 | $190.5M | $46.2M | ||
| Q2 25 | $189.9M | $60.4M | ||
| Q1 25 | $145.5M | $24.4M | ||
| Q4 24 | $166.4M | $-38.8M | ||
| Q3 24 | $165.3M | $33.5M | ||
| Q2 24 | $144.1M | $52.3M |
毛利率FFIVSAM
| Q1 26 | 81.4% | 46.4% | ||
| Q4 25 | 81.5% | 43.5% | ||
| Q3 25 | 82.2% | 50.8% | ||
| Q2 25 | 81.0% | 49.8% | ||
| Q1 25 | 80.7% | 48.3% | ||
| Q4 24 | 81.7% | 39.9% | ||
| Q3 24 | 80.8% | 46.3% | ||
| Q2 24 | 80.4% | 46.0% |
营业利润率FFIVSAM
| Q1 26 | 22.1% | 12.4% | ||
| Q4 25 | 26.0% | -8.6% | ||
| Q3 25 | 25.4% | 11.5% | ||
| Q2 25 | 25.2% | 14.0% | ||
| Q1 25 | 21.7% | 7.4% | ||
| Q4 24 | 26.8% | -13.9% | ||
| Q3 24 | 25.6% | 7.6% | ||
| Q2 24 | 23.4% | 12.2% |
净利率FFIVSAM
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | -5.8% | ||
| Q3 25 | 23.5% | 8.6% | ||
| Q2 25 | 24.3% | 10.3% | ||
| Q1 25 | 19.9% | 5.4% | ||
| Q4 24 | 21.7% | -9.6% | ||
| Q3 24 | 22.1% | 5.5% | ||
| Q2 24 | 20.7% | 9.0% |
每股收益（稀释后）FFIVSAM
| Q1 26 | $2.58 | $2.16 | ||
| Q4 25 | $3.10 | $-1.97 | ||
| Q3 25 | $3.25 | $4.25 | ||
| Q2 25 | $3.25 | $5.45 | ||
| Q1 25 | $2.48 | $2.16 | ||
| Q4 24 | $2.82 | $-3.23 | ||
| Q3 24 | $2.79 | $2.86 | ||
| Q2 24 | $2.44 | $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 | — | — |
| 股东权益账面价值 | $3.6B | $682.6M |
| 总资产 | $6.5B | $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FFIVSAM
| Q1 26 | $1.4B | $164.1M | ||
| Q4 25 | $1.2B | $223.4M | ||
| Q3 25 | $1.3B | $250.5M | ||
| Q2 25 | $1.4B | $212.4M | ||
| Q1 25 | $1.3B | $152.5M | ||
| Q4 24 | $1.2B | $211.8M | ||
| Q3 24 | $1.1B | $255.6M | ||
| Q2 24 | $935.6M | $219.3M |
股东权益FFIVSAM
| Q1 26 | $3.6B | $682.6M | ||
| Q4 25 | $3.5B | $846.3M | ||
| Q3 25 | $3.6B | $911.0M | ||
| Q2 25 | $3.5B | $912.3M | ||
| Q1 25 | $3.3B | $897.0M | ||
| Q4 24 | $3.2B | $916.2M | ||
| Q3 24 | $3.1B | $1.0B | ||
| Q2 24 | $3.0B | $1.0B |
总资产FFIVSAM
| Q1 26 | $6.5B | $1.2B | ||
| Q4 25 | $6.3B | $1.2B | ||
| Q3 25 | $6.3B | $1.2B | ||
| Q2 25 | $6.1B | $1.3B | ||
| Q1 25 | $5.9B | $1.2B | ||
| Q4 24 | $5.9B | $1.3B | ||
| Q3 24 | $5.6B | $1.4B | ||
| Q2 24 | $5.4B | $1.4B |
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 | $525.1M | — |
| 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 | 3.55× | — |
| 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FFIVSAM
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $39.9M | ||
| Q3 25 | $208.1M | $101.8M | ||
| Q2 25 | $282.2M | $126.5M | ||
| Q1 25 | $256.6M | $1.9M | ||
| Q4 24 | $202.8M | $41.9M | ||
| Q3 24 | $246.5M | $115.9M | ||
| Q2 24 | $159.0M | $96.0M |
自由现金流FFIVSAM
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $22.1M | ||
| Q3 25 | $191.9M | $89.2M | ||
| Q2 25 | $273.7M | $112.2M | ||
| Q1 25 | $246.1M | $-8.0M | ||
| Q4 24 | $194.7M | $18.4M | ||
| Q3 24 | $240.4M | $99.2M | ||
| Q2 24 | $153.1M | $75.6M |
自由现金流率FFIVSAM
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | 5.7% | ||
| Q3 25 | 23.7% | 16.6% | ||
| Q2 25 | 35.1% | 19.1% | ||
| Q1 25 | 33.7% | -1.8% | ||
| Q4 24 | 25.4% | 4.6% | ||
| Q3 24 | 32.2% | 16.4% | ||
| Q2 24 | 22.0% | 13.1% |
资本支出强度FFIVSAM
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 2.0% | 2.3% | ||
| Q2 25 | 1.1% | 2.4% | ||
| Q1 25 | 1.4% | 2.2% | ||
| Q4 24 | 1.1% | 5.8% | ||
| Q3 24 | 0.8% | 2.8% | ||
| Q2 24 | 0.8% | 3.5% |
现金转化率FFIVSAM
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.09× | 2.21× | ||
| Q2 25 | 1.49× | 2.09× | ||
| Q1 25 | 1.76× | 0.08× | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.49× | 3.46× | ||
| Q2 24 | 1.10× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
