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Global-E Online Ltd.（GLBE）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
Global-E Online Ltd.的季度营收约是BOSTON BEER CO INC的1.6倍（$625.5M vs $385.7M），Global-E Online Ltd.净利率更高（0.9% vs -5.8%，领先6.8%）
Global-E Online Ltd.是全球领先的跨境电商赋能平台，为直面消费者品牌及零售企业提供一站式跨境销售解决方案，覆盖本地化支付、清关、物流协调、税费核算等服务，助力客户拓展北美、欧洲及亚太等国际市场。
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。
GLBE vs SAM — 直观对比
营收规模更大
GLBE
是对方的1.6倍
$385.7M
净利率更高
GLBE
高出6.8%
-5.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $625.5M | $385.7M |
| 净利润 | $5.8M | $-22.5M |
| 毛利率 | 45.0% | 43.5% |
| 营业利润率 | 1.3% | -8.6% |
| 净利率 | 0.9% | -5.8% |
| 营收同比 | — | -4.1% |
| 净利润同比 | — | 41.9% |
| 每股收益（稀释后） | — | $-1.97 |
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GLBESAM
| Q4 25 | — | $385.7M | ||
| Q3 25 | $625.5M | $537.5M | ||
| Q2 25 | $404.8M | $587.9M | ||
| Q1 25 | $189.9M | $453.9M | ||
| Q4 24 | — | $402.3M | ||
| Q3 24 | $489.9M | $605.5M | ||
| Q2 24 | $313.9M | $579.1M | ||
| Q1 24 | $145.9M | $426.1M |
净利润GLBESAM
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $5.8M | $46.2M | ||
| Q2 25 | $-7.4M | $60.4M | ||
| Q1 25 | — | $24.4M | ||
| Q4 24 | — | $-38.8M | ||
| Q3 24 | $-77.1M | $33.5M | ||
| Q2 24 | $-54.5M | $52.3M | ||
| Q1 24 | — | $12.6M |
毛利率GLBESAM
| Q4 25 | — | 43.5% | ||
| Q3 25 | 45.0% | 50.8% | ||
| Q2 25 | 44.9% | 49.8% | ||
| Q1 25 | 44.3% | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | 45.1% | 46.3% | ||
| Q2 24 | 44.8% | 46.0% | ||
| Q1 24 | 43.4% | 43.7% |
营业利润率GLBESAM
| Q4 25 | — | -8.6% | ||
| Q3 25 | 1.3% | 11.5% | ||
| Q2 25 | -2.1% | 14.0% | ||
| Q1 25 | -10.1% | 7.4% | ||
| Q4 24 | — | -13.9% | ||
| Q3 24 | -14.9% | 7.6% | ||
| Q2 24 | -16.6% | 12.2% | ||
| Q1 24 | -20.1% | 3.6% |
净利率GLBESAM
| Q4 25 | — | -5.8% | ||
| Q3 25 | 0.9% | 8.6% | ||
| Q2 25 | -1.8% | 10.3% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | -9.6% | ||
| Q3 24 | -15.7% | 5.5% | ||
| Q2 24 | -17.4% | 9.0% | ||
| Q1 24 | — | 3.0% |
每股收益（稀释后）GLBESAM
| Q4 25 | — | $-1.97 | ||
| Q3 25 | — | $4.25 | ||
| Q2 25 | — | $5.45 | ||
| Q1 25 | — | $2.16 | ||
| Q4 24 | — | $-3.23 | ||
| Q3 24 | — | $2.86 | ||
| Q2 24 | — | $4.39 | ||
| Q1 24 | — | $1.04 |
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 | $251.4M | $223.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $933.0M | $846.3M |
| 总资产 | $1.3B | $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GLBESAM
| Q4 25 | — | $223.4M | ||
| Q3 25 | $251.4M | $250.5M | ||
| Q2 25 | $205.2M | $212.4M | ||
| Q1 25 | $207.7M | $152.5M | ||
| Q4 24 | — | $211.8M | ||
| Q3 24 | $207.3M | $255.6M | ||
| Q2 24 | $229.8M | $219.3M | ||
| Q1 24 | $181.9M | $205.4M |
股东权益GLBESAM
| Q4 25 | — | $846.3M | ||
| Q3 25 | $933.0M | $911.0M | ||
| Q2 25 | $909.1M | $912.3M | ||
| Q1 25 | $884.3M | $897.0M | ||
| Q4 24 | — | $916.2M | ||
| Q3 24 | $869.4M | $1.0B | ||
| Q2 24 | $878.7M | $1.0B | ||
| Q1 24 | $886.9M | $1.0B |
总资产GLBESAM
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.1B | $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 | — | $39.9M |
| 自由现金流经营现金流 - 资本支出 | — | $22.1M |
| 自由现金流率自由现金流/营收 | — | 5.7% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 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 | — | $215.6M |
8季度趋势，按日历期对齐
经营现金流GLBESAM
| Q4 25 | — | $39.9M | ||
| Q3 25 | — | $101.8M | ||
| Q2 25 | — | $126.5M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $96.0M | ||
| Q1 24 | — | $-4.9M |
自由现金流GLBESAM
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $89.2M | ||
| Q2 25 | — | $112.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $18.4M | ||
| Q3 24 | — | $99.2M | ||
| Q2 24 | — | $75.6M | ||
| Q1 24 | — | $-20.6M |
自由现金流率GLBESAM
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | -4.8% |
资本支出强度GLBESAM
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 3.7% |
现金转化率GLBESAM
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | — | -0.39× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
