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FNB CORP（FNB）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FNB CORP的1.3倍（$461.6M vs $366.0M），FNB CORP同比增速更快（13.7% vs -4.1%），过去两年FNB CORP的营收复合增速更高（7.1% vs -10.7%）
FNB集团是总部位于美国宾夕法尼亚州匹兹堡的多元化金融服务机构，为旗下最大子公司第一国民银行的控股主体，截至2025年12月31日总资产超500亿美元，业务覆盖匹兹堡、巴尔的摩、克利夫兰、华盛顿特区、北卡罗来纳州多座城市及南卡罗来纳州查尔斯顿等核心都会区。
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。
FNB vs SAM — 直观对比
营收规模更大
SAM
是对方的1.3倍
$366.0M
营收增速更快
FNB
高出17.8%
-4.1%
两年增速更快
FNB
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $366.0M | $461.6M |
| 净利润 | $168.0M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 45.1% | 12.4% |
| 净利率 | 45.9% | — |
| 营收同比 | 13.7% | -4.1% |
| 净利润同比 | 52.7% | — |
| 每股收益（稀释后） | $0.47 | $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FNBSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $366.0M | $385.7M | ||
| Q3 25 | $359.0M | $537.5M | ||
| Q2 25 | $348.0M | $587.9M | ||
| Q1 25 | $323.0M | $453.9M | ||
| Q4 24 | $322.0M | $402.3M | ||
| Q3 24 | $323.0M | $605.5M | ||
| Q2 24 | $316.0M | $579.1M |
净利润FNBSAM
| Q1 26 | — | — | ||
| Q4 25 | $168.0M | $-22.5M | ||
| Q3 25 | $150.0M | $46.2M | ||
| Q2 25 | $130.0M | $60.4M | ||
| Q1 25 | $117.0M | $24.4M | ||
| Q4 24 | $110.0M | $-38.8M | ||
| Q3 24 | $110.0M | $33.5M | ||
| Q2 24 | $123.0M | $52.3M |
毛利率FNBSAM
| 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FNBSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 45.1% | -8.6% | ||
| Q3 25 | 52.9% | 11.5% | ||
| Q2 25 | 47.7% | 14.0% | ||
| Q1 25 | 45.8% | 7.4% | ||
| Q4 24 | 31.7% | -13.9% | ||
| Q3 24 | 43.3% | 7.6% | ||
| Q2 24 | 49.7% | 12.2% |
净利率FNBSAM
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | -5.8% | ||
| Q3 25 | 41.8% | 8.6% | ||
| Q2 25 | 37.4% | 10.3% | ||
| Q1 25 | 36.2% | 5.4% | ||
| Q4 24 | 34.2% | -9.6% | ||
| Q3 24 | 34.1% | 5.5% | ||
| Q2 24 | 38.9% | 9.0% |
每股收益（稀释后）FNBSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $0.47 | $-1.97 | ||
| Q3 25 | $0.41 | $4.25 | ||
| Q2 25 | $0.36 | $5.45 | ||
| Q1 25 | $0.32 | $2.16 | ||
| Q4 24 | $0.31 | $-3.23 | ||
| Q3 24 | $0.30 | $2.86 | ||
| Q2 24 | $0.34 | $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 | $2.5B | $164.1M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $6.8B | $682.6M |
| 总资产 | $50.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资FNBSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $2.5B | $223.4M | ||
| Q3 25 | $2.4B | $250.5M | ||
| Q2 25 | $2.4B | $212.4M | ||
| Q1 25 | $2.4B | $152.5M | ||
| Q4 24 | $2.4B | $211.8M | ||
| Q3 24 | $2.1B | $255.6M | ||
| Q2 24 | $1.9B | $219.3M |
总债务FNBSAM
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.0B | — |
股东权益FNBSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $6.8B | $846.3M | ||
| Q3 25 | $6.6B | $911.0M | ||
| Q2 25 | $6.5B | $912.3M | ||
| Q1 25 | $6.4B | $897.0M | ||
| Q4 24 | $6.3B | $916.2M | ||
| Q3 24 | $6.2B | $1.0B | ||
| Q2 24 | $6.1B | $1.0B |
总资产FNBSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $50.2B | $1.2B | ||
| Q3 25 | $49.9B | $1.2B | ||
| Q2 25 | $49.7B | $1.3B | ||
| Q1 25 | $49.0B | $1.2B | ||
| Q4 24 | $48.6B | $1.3B | ||
| Q3 24 | $48.0B | $1.4B | ||
| Q2 24 | $47.7B | $1.4B |
负债/权益比FNBSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.32× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 0.48× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.33× | — |
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 | $128.0M | — |
| 自由现金流经营现金流 - 资本支出 | $99.0M | — |
| 自由现金流率自由现金流/营收 | 27.0% | — |
| 资本支出强度资本支出/营收 | 7.9% | — |
| 现金转化率经营现金流/净利润 | 0.76× | — |
| 过去12个月自由现金流最近4个季度 | $376.0M | — |
8季度趋势，按日历期对齐
经营现金流FNBSAM
| Q1 26 | — | — | ||
| Q4 25 | $128.0M | $39.9M | ||
| Q3 25 | $167.0M | $101.8M | ||
| Q2 25 | $123.0M | $126.5M | ||
| Q1 25 | $64.0M | $1.9M | ||
| Q4 24 | $326.0M | $41.9M | ||
| Q3 24 | $-14.0M | $115.9M | ||
| Q2 24 | $85.0M | $96.0M |
自由现金流FNBSAM
| Q1 26 | — | — | ||
| Q4 25 | $99.0M | $22.1M | ||
| Q3 25 | $149.0M | $89.2M | ||
| Q2 25 | $85.0M | $112.2M | ||
| Q1 25 | $43.0M | $-8.0M | ||
| Q4 24 | $278.0M | $18.4M | ||
| Q3 24 | $-46.0M | $99.2M | ||
| Q2 24 | $55.0M | $75.6M |
自由现金流率FNBSAM
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | 5.7% | ||
| Q3 25 | 41.5% | 16.6% | ||
| Q2 25 | 24.4% | 19.1% | ||
| Q1 25 | 13.3% | -1.8% | ||
| Q4 24 | 86.3% | 4.6% | ||
| Q3 24 | -14.2% | 16.4% | ||
| Q2 24 | 17.4% | 13.1% |
资本支出强度FNBSAM
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 4.6% | ||
| Q3 25 | 5.0% | 2.3% | ||
| Q2 25 | 10.9% | 2.4% | ||
| Q1 25 | 6.5% | 2.2% | ||
| Q4 24 | 14.9% | 5.8% | ||
| Q3 24 | 9.9% | 2.8% | ||
| Q2 24 | 9.5% | 3.5% |
现金转化率FNBSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | — | ||
| Q3 25 | 1.11× | 2.21× | ||
| Q2 25 | 0.95× | 2.09× | ||
| Q1 25 | 0.55× | 0.08× | ||
| Q4 24 | 2.96× | — | ||
| Q3 24 | -0.13× | 3.46× | ||
| Q2 24 | 0.69× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
