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Loews Corporation（L）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
Loews Corporation的季度营收约是BOSTON BEER CO INC的1.8倍（$827.0M vs $461.6M），Loews Corporation同比增速更快（4.8% vs -4.1%），过去两年Loews Corporation的营收复合增速更高（7.9% vs -10.7%）
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
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。
L vs SAM — 直观对比
营收规模更大
L
是对方的1.8倍
$461.6M
营收增速更快
L
高出8.9%
-4.1%
两年增速更快
L
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $827.0M | $461.6M |
| 净利润 | $402.0M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 65.4% | 12.4% |
| 净利率 | 48.6% | — |
| 营收同比 | 4.8% | -4.1% |
| 净利润同比 | 115.0% | — |
| 每股收益（稀释后） | $1.93 | $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LSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $827.0M | $385.7M | ||
| Q3 25 | $732.0M | $537.5M | ||
| Q2 25 | $769.0M | $587.9M | ||
| Q1 25 | $846.0M | $453.9M | ||
| Q4 24 | $789.0M | $402.3M | ||
| Q3 24 | $683.0M | $605.5M | ||
| Q2 24 | $711.0M | $579.1M |
净利润LSAM
| Q1 26 | — | — | ||
| Q4 25 | $402.0M | $-22.5M | ||
| Q3 25 | $504.0M | $46.2M | ||
| Q2 25 | $391.0M | $60.4M | ||
| Q1 25 | $370.0M | $24.4M | ||
| Q4 24 | $187.0M | $-38.8M | ||
| Q3 24 | $401.0M | $33.5M | ||
| Q2 24 | $369.0M | $52.3M |
毛利率LSAM
| 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LSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 65.4% | -8.6% | ||
| Q3 25 | 94.1% | 11.5% | ||
| Q2 25 | 70.1% | 14.0% | ||
| Q1 25 | 60.8% | 7.4% | ||
| Q4 24 | 23.8% | -13.9% | ||
| Q3 24 | 80.5% | 7.6% | ||
| Q2 24 | 71.3% | 12.2% |
净利率LSAM
| Q1 26 | — | — | ||
| Q4 25 | 48.6% | -5.8% | ||
| Q3 25 | 68.9% | 8.6% | ||
| Q2 25 | 50.8% | 10.3% | ||
| Q1 25 | 43.7% | 5.4% | ||
| Q4 24 | 23.7% | -9.6% | ||
| Q3 24 | 58.7% | 5.5% | ||
| Q2 24 | 51.9% | 9.0% |
每股收益（稀释后）LSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $1.93 | $-1.97 | ||
| Q3 25 | $2.43 | $4.25 | ||
| Q2 25 | $1.87 | $5.45 | ||
| Q1 25 | $1.74 | $2.16 | ||
| Q4 24 | $0.87 | $-3.23 | ||
| Q3 24 | $1.82 | $2.86 | ||
| Q2 24 | $1.67 | $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 | $6.0B | $164.1M |
| 总债务越低越好 | $8.4B | — |
| 股东权益账面价值 | $18.7B | $682.6M |
| 总资产 | $86.3B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资LSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $6.0B | $223.4M | ||
| Q3 25 | $5.4B | $250.5M | ||
| Q2 25 | $4.5B | $212.4M | ||
| Q1 25 | $4.4B | $152.5M | ||
| Q4 24 | $4.6B | $211.8M | ||
| Q3 24 | $5.2B | $255.6M | ||
| Q2 24 | $4.9B | $219.3M |
总债务LSAM
| Q1 26 | — | — | ||
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | $8.8B | — | ||
| Q2 24 | $8.6B | — |
股东权益LSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $18.7B | $846.3M | ||
| Q3 25 | $18.3B | $911.0M | ||
| Q2 25 | $17.5B | $912.3M | ||
| Q1 25 | $17.2B | $897.0M | ||
| Q4 24 | $17.1B | $916.2M | ||
| Q3 24 | $17.4B | $1.0B | ||
| Q2 24 | $16.4B | $1.0B |
总资产LSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $86.3B | $1.2B | ||
| Q3 25 | $85.9B | $1.2B | ||
| Q2 25 | $84.7B | $1.3B | ||
| Q1 25 | $83.1B | $1.2B | ||
| Q4 24 | $81.9B | $1.3B | ||
| Q3 24 | $83.6B | $1.4B | ||
| Q2 24 | $81.1B | $1.4B |
负债/权益比LSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.52× | — |
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 | $617.0M | — |
| 自由现金流经营现金流 - 资本支出 | $426.0M | — |
| 自由现金流率自由现金流/营收 | 51.5% | — |
| 资本支出强度资本支出/营收 | 23.1% | — |
| 现金转化率经营现金流/净利润 | 1.53× | — |
| 过去12个月自由现金流最近4个季度 | $2.7B | — |
8季度趋势，按日历期对齐
经营现金流LSAM
| Q1 26 | — | — | ||
| Q4 25 | $617.0M | $39.9M | ||
| Q3 25 | $920.0M | $101.8M | ||
| Q2 25 | $1.0B | $126.5M | ||
| Q1 25 | $736.0M | $1.9M | ||
| Q4 24 | $941.0M | $41.9M | ||
| Q3 24 | $934.0M | $115.9M | ||
| Q2 24 | $952.0M | $96.0M |
自由现金流LSAM
| Q1 26 | — | — | ||
| Q4 25 | $426.0M | $22.1M | ||
| Q3 25 | $764.0M | $89.2M | ||
| Q2 25 | $872.0M | $112.2M | ||
| Q1 25 | $638.0M | $-8.0M | ||
| Q4 24 | $767.0M | $18.4M | ||
| Q3 24 | $794.0M | $99.2M | ||
| Q2 24 | $793.0M | $75.6M |
自由现金流率LSAM
| Q1 26 | — | — | ||
| Q4 25 | 51.5% | 5.7% | ||
| Q3 25 | 104.4% | 16.6% | ||
| Q2 25 | 113.4% | 19.1% | ||
| Q1 25 | 75.4% | -1.8% | ||
| Q4 24 | 97.2% | 4.6% | ||
| Q3 24 | 116.3% | 16.4% | ||
| Q2 24 | 111.5% | 13.1% |
资本支出强度LSAM
| Q1 26 | — | — | ||
| Q4 25 | 23.1% | 4.6% | ||
| Q3 25 | 21.3% | 2.3% | ||
| Q2 25 | 17.4% | 2.4% | ||
| Q1 25 | 11.6% | 2.2% | ||
| Q4 24 | 22.1% | 5.8% | ||
| Q3 24 | 20.5% | 2.8% | ||
| Q2 24 | 22.4% | 3.5% |
现金转化率LSAM
| Q1 26 | — | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | 1.83× | 2.21× | ||
| Q2 25 | 2.57× | 2.09× | ||
| Q1 25 | 1.99× | 0.08× | ||
| Q4 24 | 5.03× | — | ||
| Q3 24 | 2.33× | 3.46× | ||
| Q2 24 | 2.58× | 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
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
SAM
暂无分部数据
