vs
好时（HSY）与摩森康胜饮品公司（TAP）财务数据对比。点击上方公司名可切换其他公司
摩森康胜饮品公司的季度营收约是好时的1.0倍（$3.1B vs $3.1B），好时净利率更高（10.4% vs 7.6%，领先2.7%），好时同比增速更快（7.0% vs -3.6%），好时自由现金流更多（$788.5M vs $357.8M），过去两年摩森康胜饮品公司的营收复合增速更高（1.2% vs -2.5%）
好时公司是总部位于美国宾夕法尼亚州好时镇的跨国糖果企业，也是全球最大的巧克力生产商之一，由米尔顿·S·好时于1894年创立。公司除核心巧克力产品外，还生产饼干、蛋糕等烘焙食品，同时销售奶昔等多类饮品，产品覆盖多个食品品类。
摩森康胜饮品公司是一家美加合资的跨国饮料酿造企业，旗下拥有多款知名酒精及非酒精饮品产品线，业务覆盖全球多个国家和地区，目前在伊利诺伊州芝加哥与魁北克省蒙特利尔设有双总部。
HSY vs TAP — 直观对比
营收规模更大
TAP
是对方的1.0倍
$3.1B
营收增速更快
HSY
高出10.7%
-3.6%
净利率更高
HSY
高出2.7%
7.6%
自由现金流更多
HSY
多$430.7M
$357.8M
两年增速更快
TAP
近两年复合增速
-2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $3.1B |
| 净利润 | $320.0M | $238.3M |
| 毛利率 | 37.0% | 31.0% |
| 营业利润率 | 14.4% | 10.4% |
| 净利率 | 10.4% | 7.6% |
| 营收同比 | 7.0% | -3.6% |
| 净利润同比 | -59.8% | -17.2% |
| 每股收益（稀释后） | — | $1.32 |
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HSYTAP
| Q4 25 | $3.1B | $3.1B | ||
| Q3 25 | $3.2B | $3.5B | ||
| Q2 25 | $2.6B | $3.7B | ||
| Q1 25 | $2.8B | $2.7B | ||
| Q4 24 | $2.9B | $3.2B | ||
| Q3 24 | $3.0B | $3.6B | ||
| Q2 24 | $2.1B | $3.8B | ||
| Q1 24 | $3.3B | $3.0B |
净利润HSYTAP
| Q4 25 | $320.0M | $238.3M | ||
| Q3 25 | $276.3M | $-2.9B | ||
| Q2 25 | $62.7M | $428.7M | ||
| Q1 25 | $224.2M | $121.0M | ||
| Q4 24 | $796.6M | $287.8M | ||
| Q3 24 | $446.3M | $199.8M | ||
| Q2 24 | $180.9M | $427.0M | ||
| Q1 24 | $797.5M | $207.8M |
毛利率HSYTAP
| Q4 25 | 37.0% | 31.0% | ||
| Q3 25 | 32.6% | 33.7% | ||
| Q2 25 | 30.5% | 34.3% | ||
| Q1 25 | 33.7% | 31.6% | ||
| Q4 24 | 54.0% | 32.0% | ||
| Q3 24 | 41.3% | 33.4% | ||
| Q2 24 | 40.2% | 34.6% | ||
| Q1 24 | 51.5% | 31.6% |
营业利润率HSYTAP
| Q4 25 | 14.4% | 10.4% | ||
| Q3 25 | 13.7% | -98.5% | ||
| Q2 25 | 7.4% | 15.6% | ||
| Q1 25 | 13.2% | 6.9% | ||
| Q4 24 | 32.5% | 12.0% | ||
| Q3 24 | 20.5% | 12.5% | ||
| Q2 24 | 13.9% | 15.6% | ||
| Q1 24 | 32.5% | 10.3% |
净利率HSYTAP
| Q4 25 | 10.4% | 7.6% | ||
| Q3 25 | 8.7% | -84.0% | ||
| Q2 25 | 2.4% | 11.5% | ||
| Q1 25 | 8.0% | 4.5% | ||
| Q4 24 | 27.6% | 8.9% | ||
| Q3 24 | 14.9% | 5.5% | ||
| Q2 24 | 8.7% | 11.1% | ||
| Q1 24 | 24.5% | 6.8% |
每股收益（稀释后）HSYTAP
| Q4 25 | — | $1.32 | ||
| Q3 25 | — | $-14.79 | ||
| Q2 25 | — | $2.13 | ||
| Q1 25 | — | $0.59 | ||
| Q4 24 | — | $1.39 | ||
| Q3 24 | — | $0.96 | ||
| Q2 24 | — | $2.03 | ||
| Q1 24 | — | $0.97 |
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 | — | $896.5M |
| 总债务越低越好 | $4.7B | $6.3B |
| 股东权益账面价值 | $4.6B | $10.2B |
| 总资产 | $13.7B | $22.7B |
| 负债/权益比越低杠杆越低 | 1.01× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资HSYTAP
| Q4 25 | — | $896.5M | ||
| Q3 25 | — | $950.2M | ||
| Q2 25 | — | $613.8M | ||
| Q1 25 | — | $412.7M | ||
| Q4 24 | — | $969.3M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $458.4M |
总债务HSYTAP
| Q4 25 | $4.7B | $6.3B | ||
| Q3 25 | $4.7B | $6.3B | ||
| Q2 25 | $5.2B | $6.3B | ||
| Q1 25 | $5.2B | $6.2B | ||
| Q4 24 | $3.2B | $6.1B | ||
| Q3 24 | $3.2B | $6.2B | ||
| Q2 24 | $3.5B | $7.0B | ||
| Q1 24 | $3.8B | $6.2B |
股东权益HSYTAP
| Q4 25 | $4.6B | $10.2B | ||
| Q3 25 | $4.6B | $10.3B | ||
| Q2 25 | $4.5B | $13.4B | ||
| Q1 25 | $4.7B | $13.1B | ||
| Q4 24 | $4.7B | $13.1B | ||
| Q3 24 | $4.2B | $13.3B | ||
| Q2 24 | $4.0B | $13.2B | ||
| Q1 24 | $4.1B | $13.1B |
总资产HSYTAP
| Q4 25 | $13.7B | $22.7B | ||
| Q3 25 | $13.6B | $22.9B | ||
| Q2 25 | $13.6B | $26.8B | ||
| Q1 25 | $14.0B | $25.9B | ||
| Q4 24 | $12.9B | $26.1B | ||
| Q3 24 | $12.6B | $26.6B | ||
| Q2 24 | $12.4B | $27.4B | ||
| Q1 24 | $12.4B | $26.1B |
负债/权益比HSYTAP
| Q4 25 | 1.01× | 0.61× | ||
| Q3 25 | 1.02× | 0.61× | ||
| Q2 25 | 1.15× | 0.47× | ||
| Q1 25 | 1.11× | 0.47× | ||
| Q4 24 | 0.68× | 0.47× | ||
| Q3 24 | 0.76× | 0.47× | ||
| Q2 24 | 0.87× | 0.53× | ||
| Q1 24 | 0.92× | 0.47× |
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 | $926.6M | $540.7M |
| 自由现金流经营现金流 - 资本支出 | $788.5M | $357.8M |
| 自由现金流率自由现金流/营收 | 25.5% | 11.4% |
| 资本支出强度资本支出/营收 | 4.5% | 5.9% |
| 现金转化率经营现金流/净利润 | 2.90× | 2.27× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $1.1B |
8季度趋势，按日历期对齐
经营现金流HSYTAP
| Q4 25 | $926.6M | $540.7M | ||
| Q3 25 | $841.9M | $616.1M | ||
| Q2 25 | $112.2M | $718.3M | ||
| Q1 25 | $396.7M | $-90.7M | ||
| Q4 24 | $941.6M | $494.5M | ||
| Q3 24 | $695.3M | $521.2M | ||
| Q2 24 | $325.6M | $869.2M | ||
| Q1 24 | $569.1M | $25.4M |
自由现金流HSYTAP
| Q4 25 | $788.5M | $357.8M | ||
| Q3 25 | $756.0M | $483.0M | ||
| Q2 25 | $27.1M | $555.0M | ||
| Q1 25 | $251.2M | $-328.0M | ||
| Q4 24 | $807.1M | $383.4M | ||
| Q3 24 | $567.3M | $350.4M | ||
| Q2 24 | $195.5M | $691.7M | ||
| Q1 24 | $355.8M | $-189.3M |
自由现金流率HSYTAP
| Q4 25 | 25.5% | 11.4% | ||
| Q3 25 | 23.8% | 13.9% | ||
| Q2 25 | 1.0% | 14.8% | ||
| Q1 25 | 9.0% | -12.2% | ||
| Q4 24 | 28.0% | 11.8% | ||
| Q3 24 | 19.0% | 9.7% | ||
| Q2 24 | 9.4% | 18.0% | ||
| Q1 24 | 10.9% | -6.2% |
资本支出强度HSYTAP
| Q4 25 | 4.5% | 5.9% | ||
| Q3 25 | 2.7% | 3.8% | ||
| Q2 25 | 3.3% | 4.4% | ||
| Q1 25 | 5.2% | 8.8% | ||
| Q4 24 | 4.7% | 3.4% | ||
| Q3 24 | 4.3% | 4.7% | ||
| Q2 24 | 6.3% | 4.6% | ||
| Q1 24 | 6.6% | 7.0% |
现金转化率HSYTAP
| Q4 25 | 2.90× | 2.27× | ||
| Q3 25 | 3.05× | — | ||
| Q2 25 | 1.79× | 1.68× | ||
| Q1 25 | 1.77× | -0.75× | ||
| Q4 24 | 1.18× | 1.72× | ||
| Q3 24 | 1.56× | 2.61× | ||
| Q2 24 | 1.80× | 2.04× | ||
| Q1 24 | 0.71× | 0.12× |
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
HSY
| Other | $1.8B | 59% |
| North America Salty Snacks Segment | $1.3B | 41% |
TAP
暂无分部数据
