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FMC CORP（FMC）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
FMC CORP的季度营收约是BOSTON BEER CO INC的1.6倍（$759.0M vs $461.6M），FMC CORP同比增速更快（-4.0% vs -4.1%），过去两年BOSTON BEER CO INC的营收复合增速更高（-10.7% vs -14.5%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
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。
FMC vs SAM — 直观对比
营收规模更大
FMC
是对方的1.6倍
$461.6M
营收增速更快
FMC
高出0.1%
-4.1%
两年增速更快
SAM
近两年复合增速
-14.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $759.0M | $461.6M |
| 净利润 | $-281.2M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | -10.6% | 12.4% |
| 净利率 | -37.0% | — |
| 营收同比 | -4.0% | -4.1% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-2.25 | $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FMCSAM
| Q1 26 | $759.0M | $461.6M | ||
| Q4 25 | $1.1B | $385.7M | ||
| Q3 25 | $542.2M | $537.5M | ||
| Q2 25 | $1.1B | $587.9M | ||
| Q1 25 | $791.4M | $453.9M | ||
| Q4 24 | $1.2B | $402.3M | ||
| Q3 24 | $1.1B | $605.5M | ||
| Q2 24 | $1.0B | $579.1M |
净利润FMCSAM
| Q1 26 | $-281.2M | — | ||
| Q4 25 | $-1.7B | $-22.5M | ||
| Q3 25 | $-569.3M | $46.2M | ||
| Q2 25 | $66.7M | $60.4M | ||
| Q1 25 | $-15.5M | $24.4M | ||
| Q4 24 | $-16.3M | $-38.8M | ||
| Q3 24 | $65.0M | $33.5M | ||
| Q2 24 | $295.1M | $52.3M |
毛利率FMCSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 39.8% | 43.5% | ||
| Q3 25 | 23.8% | 50.8% | ||
| Q2 25 | 38.7% | 49.8% | ||
| Q1 25 | 40.0% | 48.3% | ||
| Q4 24 | 42.9% | 39.9% | ||
| Q3 24 | 36.3% | 46.3% | ||
| Q2 24 | 38.3% | 46.0% |
营业利润率FMCSAM
| Q1 26 | -10.6% | 12.4% | ||
| Q4 25 | -130.8% | -8.6% | ||
| Q3 25 | -73.1% | 11.5% | ||
| Q2 25 | 12.0% | 14.0% | ||
| Q1 25 | 7.4% | 7.4% | ||
| Q4 24 | 19.2% | -13.9% | ||
| Q3 24 | 12.7% | 7.6% | ||
| Q2 24 | 6.0% | 12.2% |
净利率FMCSAM
| Q1 26 | -37.0% | — | ||
| Q4 25 | -158.8% | -5.8% | ||
| Q3 25 | -105.0% | 8.6% | ||
| Q2 25 | 6.3% | 10.3% | ||
| Q1 25 | -2.0% | 5.4% | ||
| Q4 24 | -1.3% | -9.6% | ||
| Q3 24 | 6.1% | 5.5% | ||
| Q2 24 | 28.4% | 9.0% |
每股收益（稀释后）FMCSAM
| Q1 26 | $-2.25 | $2.16 | ||
| Q4 25 | $-13.77 | $-1.97 | ||
| Q3 25 | $-4.52 | $4.25 | ||
| Q2 25 | $0.53 | $5.45 | ||
| Q1 25 | $-0.12 | $2.16 | ||
| Q4 24 | $-0.13 | $-3.23 | ||
| Q3 24 | $0.52 | $2.86 | ||
| Q2 24 | $2.35 | $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 | $390.9M | $164.1M |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $1.8B | $682.6M |
| 总资产 | $9.4B | $1.2B |
| 负债/权益比越低杠杆越低 | 1.50× | — |
8季度趋势，按日历期对齐
现金及短期投资FMCSAM
| Q1 26 | $390.9M | $164.1M | ||
| Q4 25 | $584.5M | $223.4M | ||
| Q3 25 | $497.7M | $250.5M | ||
| Q2 25 | $438.2M | $212.4M | ||
| Q1 25 | $315.3M | $152.5M | ||
| Q4 24 | $357.3M | $211.8M | ||
| Q3 24 | $416.7M | $255.6M | ||
| Q2 24 | $471.5M | $219.3M |
总债务FMCSAM
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — |
股东权益FMCSAM
| Q1 26 | $1.8B | $682.6M | ||
| Q4 25 | $2.1B | $846.3M | ||
| Q3 25 | $3.8B | $911.0M | ||
| Q2 25 | $4.4B | $912.3M | ||
| Q1 25 | $4.4B | $897.0M | ||
| Q4 24 | $4.5B | $916.2M | ||
| Q3 24 | $4.6B | $1.0B | ||
| Q2 24 | $4.6B | $1.0B |
总资产FMCSAM
| Q1 26 | $9.4B | $1.2B | ||
| Q4 25 | $9.7B | $1.2B | ||
| Q3 25 | $12.1B | $1.2B | ||
| Q2 25 | $12.3B | $1.3B | ||
| Q1 25 | $11.8B | $1.2B | ||
| Q4 24 | $11.7B | $1.3B | ||
| Q3 24 | $12.2B | $1.4B | ||
| Q2 24 | $12.1B | $1.4B |
负债/权益比FMCSAM
| Q1 26 | 1.50× | — | ||
| Q4 25 | 1.62× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.68× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $-628.1M | — |
| 自由现金流率自由现金流/营收 | -82.8% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 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 | $-154.0M | — |
8季度趋势，按日历期对齐
经营现金流FMCSAM
| Q1 26 | — | — | ||
| Q4 25 | $657.1M | $39.9M | ||
| Q3 25 | $-184.2M | $101.8M | ||
| Q2 25 | $65.9M | $126.5M | ||
| Q1 25 | $-545.0M | $1.9M | ||
| Q4 24 | $427.9M | $41.9M | ||
| Q3 24 | $159.5M | $115.9M | ||
| Q2 24 | $292.2M | $96.0M |
自由现金流FMCSAM
| Q1 26 | $-628.1M | — | ||
| Q4 25 | $631.1M | $22.1M | ||
| Q3 25 | $-207.9M | $89.2M | ||
| Q2 25 | $50.9M | $112.2M | ||
| Q1 25 | $-576.6M | $-8.0M | ||
| Q4 24 | $406.3M | $18.4M | ||
| Q3 24 | $143.8M | $99.2M | ||
| Q2 24 | $282.3M | $75.6M |
自由现金流率FMCSAM
| Q1 26 | -82.8% | — | ||
| Q4 25 | 58.3% | 5.7% | ||
| Q3 25 | -38.3% | 16.6% | ||
| Q2 25 | 4.8% | 19.1% | ||
| Q1 25 | -72.9% | -1.8% | ||
| Q4 24 | 33.2% | 4.6% | ||
| Q3 24 | 13.5% | 16.4% | ||
| Q2 24 | 27.2% | 13.1% |
资本支出强度FMCSAM
| Q1 26 | 2.2% | — | ||
| Q4 25 | 2.4% | 4.6% | ||
| Q3 25 | 4.4% | 2.3% | ||
| Q2 25 | 1.4% | 2.4% | ||
| Q1 25 | 4.0% | 2.2% | ||
| Q4 24 | 1.8% | 5.8% | ||
| Q3 24 | 1.5% | 2.8% | ||
| Q2 24 | 1.0% | 3.5% |
现金转化率FMCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 0.99× | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.45× | 3.46× | ||
| Q2 24 | 0.99× | 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
FMC
| EMEA | $307.0M | 40% |
| North America | $198.0M | 26% |
| Latin America | $177.0M | 23% |
| Asia (excluding 2026 India) 1 | $81.0M | 11% |
SAM
暂无分部数据
