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GRANITE CONSTRUCTION INC（GVA）与Constellation Brands（STZ）财务数据对比。点击上方公司名可切换其他公司
Constellation Brands的季度营收约是GRANITE CONSTRUCTION INC的1.9倍（$2.2B vs $1.2B），Constellation Brands净利率更高（22.6% vs 4.5%，领先18.2%），GRANITE CONSTRUCTION INC同比增速更快（19.2% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $128.8M），过去两年GRANITE CONSTRUCTION INC的营收复合增速更高（31.7% vs 1.9%）
Granite Construction Inc.是美国民用建筑企业及建筑骨料生产商，为标普600指数成分股，创始地及总部位于加利福尼亚州沃森维尔，是Granite Construction Company的母公司。公司主营重型民用建筑承包与建筑骨料生产，在美国西部多州持有或租赁采石场，主要开采砂、砾石、碎石等产品。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
GVA vs STZ — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.2B |
| 净利润 | $52.0M | $502.8M |
| 毛利率 | 14.4% | 53.2% |
| 营业利润率 | 6.4% | 31.1% |
| 净利率 | 4.5% | 22.6% |
| 营收同比 | 19.2% | -9.8% |
| 净利润同比 | 25.4% | -18.4% |
| 每股收益（稀释后） | $1.23 | — |
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
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $699.5M | $2.2B | ||
| Q4 24 | $977.3M | $2.5B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.1B | $2.7B | ||
| Q1 24 | $672.3M | $2.1B |
| Q4 25 | $52.0M | $502.8M | ||
| Q3 25 | $102.9M | $466.0M | ||
| Q2 25 | $71.7M | $516.1M | ||
| Q1 25 | $-33.7M | $-375.3M | ||
| Q4 24 | $41.5M | $615.9M | ||
| Q3 24 | $79.0M | $-1.2B | ||
| Q2 24 | $36.9M | $877.0M | ||
| Q1 24 | $-31.0M | $392.4M |
| Q4 25 | 14.4% | 53.2% | ||
| Q3 25 | 18.2% | 52.8% | ||
| Q2 25 | 17.7% | 50.4% | ||
| Q1 25 | 12.0% | 51.5% | ||
| Q4 24 | 15.4% | 52.1% | ||
| Q3 24 | 15.9% | 51.8% | ||
| Q2 24 | 15.2% | 52.7% | ||
| Q1 24 | 8.1% | 48.6% |
| Q4 25 | 6.4% | 31.1% | ||
| Q3 25 | 10.0% | 35.2% | ||
| Q2 25 | 9.2% | 28.4% | ||
| Q1 25 | -5.7% | -6.9% | ||
| Q4 24 | 6.2% | 32.2% | ||
| Q3 24 | 8.2% | -42.1% | ||
| Q2 24 | 7.9% | 35.4% | ||
| Q1 24 | -6.4% | 29.4% |
| Q4 25 | 4.5% | 22.6% | ||
| Q3 25 | 7.2% | 18.8% | ||
| Q2 25 | 6.4% | 20.5% | ||
| Q1 25 | -4.8% | -17.3% | ||
| Q4 24 | 4.2% | 25.0% | ||
| Q3 24 | 6.2% | -41.1% | ||
| Q2 24 | 3.4% | 32.9% | ||
| Q1 24 | -4.6% | 18.3% |
| Q4 25 | $1.23 | — | ||
| Q3 25 | $1.98 | — | ||
| Q2 25 | $1.42 | — | ||
| Q1 25 | $-0.77 | — | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $1.57 | — | ||
| Q2 24 | $0.76 | — | ||
| Q1 24 | $-0.70 | — |
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 | $600.2M | $152.4M |
| 总债务越低越好 | $1.3B | $10.3B |
| 股东权益账面价值 | $1.2B | $7.7B |
| 总资产 | $4.0B | $21.7B |
| 负债/权益比越低杠杆越低 | 1.14× | 1.33× |
8季度趋势，按日历期对齐
| Q4 25 | $600.2M | $152.4M | ||
| Q3 25 | $547.2M | $72.0M | ||
| Q2 25 | $385.3M | $73.9M | ||
| Q1 25 | $422.8M | $68.1M | ||
| Q4 24 | $585.6M | $73.7M | ||
| Q3 24 | $472.4M | $64.6M | ||
| Q2 24 | $377.2M | $73.8M | ||
| Q1 24 | $337.3M | $152.4M |
| Q4 25 | $1.3B | $10.3B | ||
| Q3 25 | $1.3B | $10.3B | ||
| Q2 25 | $740.4M | $11.2B | ||
| Q1 25 | $739.7M | $10.7B | ||
| Q4 24 | $739.0M | $10.7B | ||
| Q3 24 | $738.6M | $11.1B | ||
| Q2 24 | $738.9M | $11.1B | ||
| Q1 24 | $553.2M | $11.6B |
| Q4 25 | $1.2B | $7.7B | ||
| Q3 25 | $1.2B | $7.5B | ||
| Q2 25 | $1.1B | $7.3B | ||
| Q1 25 | $993.5M | $6.9B | ||
| Q4 24 | $1.0B | $7.8B | ||
| Q3 24 | $1.0B | $7.9B | ||
| Q2 24 | $931.7M | $10.3B | ||
| Q1 24 | $946.5M | $9.7B |
| Q4 25 | $4.0B | $21.7B | ||
| Q3 25 | $4.1B | $21.4B | ||
| Q2 25 | $3.1B | $22.3B | ||
| Q1 25 | $2.9B | $21.7B | ||
| Q4 24 | $3.0B | $22.8B | ||
| Q3 24 | $3.1B | $23.1B | ||
| Q2 24 | $2.9B | $26.1B | ||
| Q1 24 | $2.6B | $25.7B |
| Q4 25 | 1.14× | 1.33× | ||
| Q3 25 | 1.16× | 1.37× | ||
| Q2 25 | 0.70× | 1.54× | ||
| Q1 25 | 0.74× | 1.55× | ||
| Q4 24 | 0.73× | 1.37× | ||
| Q3 24 | 0.73× | 1.41× | ||
| Q2 24 | 0.79× | 1.08× | ||
| Q1 24 | 0.58× | 1.19× |
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 | $179.3M | $616.9M |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $370.9M |
| 自由现金流率自由现金流/营收 | 11.0% | 16.7% |
| 资本支出强度资本支出/营收 | 4.3% | 11.1% |
| 现金转化率经营现金流/净利润 | 3.45× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $330.6M | $1.8B |
8季度趋势，按日历期对齐
| Q4 25 | $179.3M | $616.9M | ||
| Q3 25 | $284.2M | $852.1M | ||
| Q2 25 | $1.8M | $637.2M | ||
| Q1 25 | $3.6M | $594.7M | ||
| Q4 24 | $172.8M | $685.2M | ||
| Q3 24 | $261.5M | $1.2B | ||
| Q2 24 | $-2.0M | $690.5M | ||
| Q1 24 | $24.1M | $433.2M |
| Q4 25 | $128.8M | $370.9M | ||
| Q3 25 | $257.5M | $634.8M | ||
| Q2 25 | $-27.0M | $444.4M | ||
| Q1 25 | $-28.6M | $312.1M | ||
| Q4 24 | $144.6M | $456.8M | ||
| Q3 24 | $220.2M | $854.0M | ||
| Q2 24 | $-41.0M | $315.2M | ||
| Q1 24 | $-3.8M | $76.0M |
| Q4 25 | 11.0% | 16.7% | ||
| Q3 25 | 18.0% | 25.6% | ||
| Q2 25 | -2.4% | 17.7% | ||
| Q1 25 | -4.1% | 14.4% | ||
| Q4 24 | 14.8% | 18.5% | ||
| Q3 24 | 17.3% | 29.3% | ||
| Q2 24 | -3.8% | 11.8% | ||
| Q1 24 | -0.6% | 3.6% |
| Q4 25 | 4.3% | 11.1% | ||
| Q3 25 | 1.9% | 8.8% | ||
| Q2 25 | 2.6% | 7.7% | ||
| Q1 25 | 4.6% | 13.1% | ||
| Q4 24 | 2.9% | 9.3% | ||
| Q3 24 | 3.2% | 11.2% | ||
| Q2 24 | 3.6% | 14.1% | ||
| Q1 24 | 4.1% | 16.7% |
| Q4 25 | 3.45× | 1.23× | ||
| Q3 25 | 2.76× | 1.83× | ||
| Q2 25 | 0.02× | 1.23× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.17× | 1.11× | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | -0.05× | 0.79× | ||
| Q1 24 | — | 1.10× |
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
GVA
| Public | $680.2M | 58% |
| Private | $260.1M | 22% |
| Asphalt | $116.9M | 10% |
| Aggregates | $107.9M | 9% |
| Collaborative Arrangement | $7.0M | 1% |
| Performance Obligations | $3.5M | 0% |
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
