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FIRST HORIZON CORP（FHN）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
FIRST HORIZON CORP的季度营收约是BOSTON BEER CO INC的1.9倍（$888.0M vs $461.6M），FIRST HORIZON CORP同比增速更快（21.8% vs -4.1%），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% vs -10.7%）
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
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。
FHN vs SAM — 直观对比
营收规模更大
FHN
是对方的1.9倍
$461.6M
营收增速更快
FHN
高出25.9%
-4.1%
两年增速更快
FHN
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $461.6M |
| 净利润 | $261.0M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 38.5% | 12.4% |
| 净利率 | 29.4% | — |
| 营收同比 | 21.8% | -4.1% |
| 净利润同比 | 57.2% | — |
| 每股收益（稀释后） | $0.51 | $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FHNSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $888.0M | $385.7M | ||
| Q3 25 | $889.0M | $537.5M | ||
| Q2 25 | $830.0M | $587.9M | ||
| Q1 25 | $812.0M | $453.9M | ||
| Q4 24 | $729.0M | $402.3M | ||
| Q3 24 | $827.0M | $605.5M | ||
| Q2 24 | — | $579.1M |
净利润FHNSAM
| Q1 26 | — | — | ||
| Q4 25 | $261.0M | $-22.5M | ||
| Q3 25 | $262.0M | $46.2M | ||
| Q2 25 | $241.0M | $60.4M | ||
| Q1 25 | $218.0M | $24.4M | ||
| Q4 24 | $166.0M | $-38.8M | ||
| Q3 24 | $218.0M | $33.5M | ||
| Q2 24 | — | $52.3M |
毛利率FHNSAM
| 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FHNSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 38.5% | -8.6% | ||
| Q3 25 | 38.7% | 11.5% | ||
| Q2 25 | 37.2% | 14.0% | ||
| Q1 25 | 35.1% | 7.4% | ||
| Q4 24 | 28.8% | -13.9% | ||
| Q3 24 | 34.0% | 7.6% | ||
| Q2 24 | — | 12.2% |
净利率FHNSAM
| Q1 26 | — | — | ||
| Q4 25 | 29.4% | -5.8% | ||
| Q3 25 | 29.5% | 8.6% | ||
| Q2 25 | 29.0% | 10.3% | ||
| Q1 25 | 26.8% | 5.4% | ||
| Q4 24 | 22.8% | -9.6% | ||
| Q3 24 | 26.4% | 5.5% | ||
| Q2 24 | — | 9.0% |
每股收益（稀释后）FHNSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $0.51 | $-1.97 | ||
| Q3 25 | $0.50 | $4.25 | ||
| Q2 25 | $0.45 | $5.45 | ||
| Q1 25 | $0.41 | $2.16 | ||
| Q4 24 | $0.29 | $-3.23 | ||
| Q3 24 | $0.40 | $2.86 | ||
| Q2 24 | — | $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 | — | $164.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.8B | $682.6M |
| 总资产 | $83.9B | $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FHNSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | — | $223.4M | ||
| Q3 25 | — | $250.5M | ||
| Q2 25 | — | $212.4M | ||
| Q1 25 | — | $152.5M | ||
| Q4 24 | — | $211.8M | ||
| Q3 24 | — | $255.6M | ||
| Q2 24 | — | $219.3M |
股东权益FHNSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $8.8B | $846.3M | ||
| Q3 25 | $8.9B | $911.0M | ||
| Q2 25 | $9.0B | $912.3M | ||
| Q1 25 | $8.7B | $897.0M | ||
| Q4 24 | $8.8B | $916.2M | ||
| Q3 24 | $9.0B | $1.0B | ||
| Q2 24 | — | $1.0B |
总资产FHNSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $83.9B | $1.2B | ||
| Q3 25 | $83.2B | $1.2B | ||
| Q2 25 | $82.1B | $1.3B | ||
| Q1 25 | $81.5B | $1.2B | ||
| Q4 24 | $82.2B | $1.3B | ||
| Q3 24 | $82.6B | $1.4B | ||
| Q2 24 | — | $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 | $396.0M | — |
| 自由现金流经营现金流 - 资本支出 | $389.0M | — |
| 自由现金流率自由现金流/营收 | 43.8% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 1.52× | — |
| 过去12个月自由现金流最近4个季度 | $595.0M | — |
8季度趋势，按日历期对齐
经营现金流FHNSAM
| Q1 26 | — | — | ||
| Q4 25 | $396.0M | $39.9M | ||
| Q3 25 | $-200.0M | $101.8M | ||
| Q2 25 | $83.0M | $126.5M | ||
| Q1 25 | $349.0M | $1.9M | ||
| Q4 24 | $191.0M | $41.9M | ||
| Q3 24 | $389.0M | $115.9M | ||
| Q2 24 | — | $96.0M |
自由现金流FHNSAM
| Q1 26 | — | — | ||
| Q4 25 | $389.0M | $22.1M | ||
| Q3 25 | $-208.0M | $89.2M | ||
| Q2 25 | $74.0M | $112.2M | ||
| Q1 25 | $340.0M | $-8.0M | ||
| Q4 24 | $174.0M | $18.4M | ||
| Q3 24 | $383.0M | $99.2M | ||
| Q2 24 | — | $75.6M |
自由现金流率FHNSAM
| Q1 26 | — | — | ||
| Q4 25 | 43.8% | 5.7% | ||
| Q3 25 | -23.4% | 16.6% | ||
| Q2 25 | 8.9% | 19.1% | ||
| Q1 25 | 41.9% | -1.8% | ||
| Q4 24 | 23.9% | 4.6% | ||
| Q3 24 | 46.3% | 16.4% | ||
| Q2 24 | — | 13.1% |
资本支出强度FHNSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 4.6% | ||
| Q3 25 | 0.9% | 2.3% | ||
| Q2 25 | 1.1% | 2.4% | ||
| Q1 25 | 1.1% | 2.2% | ||
| Q4 24 | 2.3% | 5.8% | ||
| Q3 24 | 0.7% | 2.8% | ||
| Q2 24 | — | 3.5% |
现金转化率FHNSAM
| Q1 26 | — | — | ||
| Q4 25 | 1.52× | — | ||
| Q3 25 | -0.76× | 2.21× | ||
| Q2 25 | 0.34× | 2.09× | ||
| Q1 25 | 1.60× | 0.08× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | 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
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
SAM
暂无分部数据
