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GREENLIGHT CAPITAL RE, LTD.（GLRE）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GREENLIGHT CAPITAL RE, LTD.的2.2倍（$461.6M vs $210.3M），GREENLIGHT CAPITAL RE, LTD.同比增速更快（48.3% vs -4.1%），过去两年GREENLIGHT CAPITAL RE, LTD.的营收复合增速更高（4.8% vs -10.7%）
绿光资本再保险有限公司关联的绿光资本是1996年由大卫·艾因霍恩创立的美国对冲基金，主要投资北美公开交易的企业债务产品与股票，因2008年雷曼兄弟破产前做空其股票、2012年1月在英国因内幕交易被罚1100万美元而受到市场关注，艾因霍恩至今仍担任该基金管理人。
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。
GLRE vs SAM — 直观对比
营收规模更大
SAM
是对方的2.2倍
$210.3M
营收增速更快
GLRE
高出52.4%
-4.1%
两年增速更快
GLRE
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $210.3M | $461.6M |
| 净利润 | $49.3M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | — | 12.4% |
| 净利率 | 23.4% | — |
| 营收同比 | 48.3% | -4.1% |
| 净利润同比 | 279.7% | — |
| 每股收益（稀释后） | $1.43 | $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GLRESAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $210.3M | $385.7M | ||
| Q3 25 | $146.1M | $537.5M | ||
| Q2 25 | $160.1M | $587.9M | ||
| Q1 25 | $213.3M | $453.9M | ||
| Q4 24 | $141.8M | $402.3M | ||
| Q3 24 | $188.0M | $605.5M | ||
| Q2 24 | $174.9M | $579.1M |
净利润GLRESAM
| Q1 26 | — | — | ||
| Q4 25 | $49.3M | $-22.5M | ||
| Q3 25 | $-4.4M | $46.2M | ||
| Q2 25 | $329.0K | $60.4M | ||
| Q1 25 | $29.6M | $24.4M | ||
| Q4 24 | $-27.4M | $-38.8M | ||
| Q3 24 | $35.2M | $33.5M | ||
| Q2 24 | $8.0M | $52.3M |
毛利率GLRESAM
| 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GLRESAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | — | -8.6% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | -13.9% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 12.2% |
净利率GLRESAM
| Q1 26 | — | — | ||
| Q4 25 | 23.4% | -5.8% | ||
| Q3 25 | -3.0% | 8.6% | ||
| Q2 25 | 0.2% | 10.3% | ||
| Q1 25 | 13.9% | 5.4% | ||
| Q4 24 | -19.3% | -9.6% | ||
| Q3 24 | 18.7% | 5.5% | ||
| Q2 24 | 4.6% | 9.0% |
每股收益（稀释后）GLRESAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $1.43 | $-1.97 | ||
| Q3 25 | $-0.13 | $4.25 | ||
| Q2 25 | $0.01 | $5.45 | ||
| Q1 25 | $0.86 | $2.16 | ||
| Q4 24 | $-0.78 | $-3.23 | ||
| Q3 24 | $1.01 | $2.86 | ||
| Q2 24 | $0.23 | $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 | $111.8M | $164.1M |
| 总债务越低越好 | $4.7M | — |
| 股东权益账面价值 | $708.0M | $682.6M |
| 总资产 | $2.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资GLRESAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $111.8M | $223.4M | ||
| Q3 25 | $68.8M | $250.5M | ||
| Q2 25 | $82.4M | $212.4M | ||
| Q1 25 | $47.5M | $152.5M | ||
| Q4 24 | $64.7M | $211.8M | ||
| Q3 24 | $54.6M | $255.6M | ||
| Q2 24 | $52.2M | $219.3M |
总债务GLRESAM
| Q1 26 | — | — | ||
| Q4 25 | $4.7M | — | ||
| Q3 25 | $34.7M | — | ||
| Q2 25 | $58.9M | — | ||
| Q1 25 | $59.8M | — | ||
| Q4 24 | $60.7M | — | ||
| Q3 24 | $62.6M | — | ||
| Q2 24 | $61.6M | — |
股东权益GLRESAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $708.0M | $846.3M | ||
| Q3 25 | $658.9M | $911.0M | ||
| Q2 25 | $663.3M | $912.3M | ||
| Q1 25 | $666.8M | $897.0M | ||
| Q4 24 | $635.9M | $916.2M | ||
| Q3 24 | $663.4M | $1.0B | ||
| Q2 24 | $634.0M | $1.0B |
总资产GLRESAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.2B | $1.2B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $1.9B | $1.4B |
负债/权益比GLRESAM
| Q1 26 | — | — | ||
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | 0.09× | — | ||
| Q2 24 | 0.10× | — |
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 | $100.2M | — |
| 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 | 2.03× | — |
| 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GLRESAM
| Q1 26 | — | — | ||
| Q4 25 | $100.2M | $39.9M | ||
| Q3 25 | $31.2M | $101.8M | ||
| Q2 25 | $68.4M | $126.5M | ||
| Q1 25 | $10.4M | $1.9M | ||
| Q4 24 | $29.5M | $41.9M | ||
| Q3 24 | $41.3M | $115.9M | ||
| Q2 24 | $22.7M | $96.0M |
自由现金流GLRESAM
| Q1 26 | — | — | ||
| 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 |
自由现金流率GLRESAM
| Q1 26 | — | — | ||
| 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% |
资本支出强度GLRESAM
| Q1 26 | — | — | ||
| 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% |
现金转化率GLRESAM
| Q1 26 | — | — | ||
| Q4 25 | 2.03× | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 208.02× | 2.09× | ||
| Q1 25 | 0.35× | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.17× | 3.46× | ||
| Q2 24 | 2.85× | 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
GLRE
| Other | $124.7M | 59% |
| Innovations | $85.6M | 41% |
SAM
暂无分部数据
