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KinderCare Learning Companies, Inc.（KLC）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
KinderCare Learning Companies, Inc.的季度营收约是BOSTON BEER CO INC的1.5倍（$676.8M vs $461.6M），KinderCare Learning Companies, Inc.同比增速更快（0.8% vs -4.1%）
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
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。
KLC vs SAM — 直观对比
营收规模更大
KLC
是对方的1.5倍
$461.6M
营收增速更快
KLC
高出4.9%
-4.1%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $461.6M |
| 净利润 | $4.5M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 3.9% | 12.4% |
| 净利率 | 0.7% | — |
| 营收同比 | 0.8% | -4.1% |
| 净利润同比 | -67.4% | — |
| 每股收益（稀释后） | $0.04 | $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KLCSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | — | $385.7M | ||
| Q3 25 | $676.8M | $537.5M | ||
| Q2 25 | $700.1M | $587.9M | ||
| Q1 25 | $668.2M | $453.9M | ||
| Q4 24 | $647.0M | $402.3M | ||
| Q3 24 | $671.5M | $605.5M | ||
| Q2 24 | — | $579.1M |
净利润KLCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $4.5M | $46.2M | ||
| Q2 25 | $38.6M | $60.4M | ||
| Q1 25 | $21.2M | $24.4M | ||
| Q4 24 | $-133.6M | $-38.8M | ||
| Q3 24 | $14.0M | $33.5M | ||
| Q2 24 | — | $52.3M |
毛利率KLCSAM
| 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KLCSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | — | -8.6% | ||
| Q3 25 | 3.9% | 11.5% | ||
| Q2 25 | 9.8% | 14.0% | ||
| Q1 25 | 7.3% | 7.4% | ||
| Q4 24 | -13.8% | -13.9% | ||
| Q3 24 | 8.1% | 7.6% | ||
| Q2 24 | — | 12.2% |
净利率KLCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | -5.8% | ||
| Q3 25 | 0.7% | 8.6% | ||
| Q2 25 | 5.5% | 10.3% | ||
| Q1 25 | 3.2% | 5.4% | ||
| Q4 24 | -20.6% | -9.6% | ||
| Q3 24 | 2.1% | 5.5% | ||
| Q2 24 | — | 9.0% |
每股收益（稀释后）KLCSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | — | $-1.97 | ||
| Q3 25 | $0.04 | $4.25 | ||
| Q2 25 | $0.33 | $5.45 | ||
| Q1 25 | $0.18 | $2.16 | ||
| Q4 24 | $-1.17 | $-3.23 | ||
| Q3 24 | $0.15 | $2.86 | ||
| Q2 24 | — | $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 | $174.7M | $164.1M |
| 总债务越低越好 | $930.9M | — |
| 股东权益账面价值 | $931.2M | $682.6M |
| 总资产 | $3.9B | $1.2B |
| 负债/权益比越低杠杆越低 | 1.00× | — |
8季度趋势，按日历期对齐
现金及短期投资KLCSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | — | $223.4M | ||
| Q3 25 | $174.7M | $250.5M | ||
| Q2 25 | $119.0M | $212.4M | ||
| Q1 25 | $131.3M | $152.5M | ||
| Q4 24 | $62.3M | $211.8M | ||
| Q3 24 | $137.2M | $255.6M | ||
| Q2 24 | — | $219.3M |
总债务KLCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $930.9M | — | ||
| Q2 25 | $926.5M | — | ||
| Q1 25 | $927.4M | — | ||
| Q4 24 | $926.0M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | — | — |
股东权益KLCSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | — | $846.3M | ||
| Q3 25 | $931.2M | $911.0M | ||
| Q2 25 | $924.3M | $912.3M | ||
| Q1 25 | $884.9M | $897.0M | ||
| Q4 24 | $864.5M | $916.2M | ||
| Q3 24 | $235.6M | $1.0B | ||
| Q2 24 | — | $1.0B |
总资产KLCSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $3.9B | $1.2B | ||
| Q2 25 | $3.8B | $1.3B | ||
| Q1 25 | $3.7B | $1.2B | ||
| Q4 24 | $3.6B | $1.3B | ||
| Q3 24 | $3.7B | $1.4B | ||
| Q2 24 | — | $1.4B |
负债/权益比KLCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 6.42× | — | ||
| Q2 24 | — | — |
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 | $100.8M | — |
| 自由现金流经营现金流 - 资本支出 | $62.6M | — |
| 自由现金流率自由现金流/营收 | 9.2% | — |
| 资本支出强度资本支出/营收 | 5.6% | — |
| 现金转化率经营现金流/净利润 | 22.15× | — |
| 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KLCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | $39.9M | ||
| Q3 25 | $100.8M | $101.8M | ||
| Q2 25 | $35.0M | $126.5M | ||
| Q1 25 | $98.4M | $1.9M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $96.0M |
自由现金流KLCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | $62.6M | $89.2M | ||
| Q2 25 | $671.0K | $112.2M | ||
| Q1 25 | $75.1M | $-8.0M | ||
| Q4 24 | — | $18.4M | ||
| Q3 24 | — | $99.2M | ||
| Q2 24 | — | $75.6M |
自由现金流率KLCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | 9.2% | 16.6% | ||
| Q2 25 | 0.1% | 19.1% | ||
| Q1 25 | 11.2% | -1.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 13.1% |
资本支出强度KLCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 5.6% | 2.3% | ||
| Q2 25 | 4.9% | 2.4% | ||
| Q1 25 | 3.5% | 2.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.5% |
现金转化率KLCSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 22.15× | 2.21× | ||
| Q2 25 | 0.91× | 2.09× | ||
| Q1 25 | 4.65× | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | — | 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
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
SAM
暂无分部数据
