vs
Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的1.8倍（$461.6M vs $261.0M），Liberty Broadband Corp同比增速更快（6.1% vs -4.1%），过去两年Liberty Broadband Corp的营收复合增速更高（4.3% vs -10.7%）
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
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。
LBRDA vs SAM — 直观对比
营收规模更大
SAM
是对方的1.8倍
$261.0M
营收增速更快
LBRDA
高出10.2%
-4.1%
两年增速更快
LBRDA
近两年复合增速
-10.7%
损益表 — Q2 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.0M | $461.6M |
| 净利润 | $383.0M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 15.7% | 12.4% |
| 净利率 | 146.7% | — |
| 营收同比 | 6.1% | -4.1% |
| 净利润同比 | 96.4% | — |
| 每股收益（稀释后） | $2.68 | $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LBRDASAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | — | $385.7M | ||
| Q3 25 | — | $537.5M | ||
| Q2 25 | $261.0M | $587.9M | ||
| Q1 25 | $266.0M | $453.9M | ||
| Q4 24 | $263.0M | $402.3M | ||
| Q3 24 | $262.0M | $605.5M | ||
| Q2 24 | $246.0M | $579.1M |
净利润LBRDASAM
| Q1 26 | — | — | ||
| Q4 25 | — | $-22.5M | ||
| Q3 25 | — | $46.2M | ||
| Q2 25 | $383.0M | $60.4M | ||
| Q1 25 | $268.0M | $24.4M | ||
| Q4 24 | $291.0M | $-38.8M | ||
| Q3 24 | $142.0M | $33.5M | ||
| Q2 24 | $195.0M | $52.3M |
毛利率LBRDASAM
| 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LBRDASAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | — | -8.6% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | 15.7% | 14.0% | ||
| Q1 25 | 16.2% | 7.4% | ||
| Q4 24 | 4.9% | -13.9% | ||
| Q3 24 | 11.5% | 7.6% | ||
| Q2 24 | 8.5% | 12.2% |
净利率LBRDASAM
| Q1 26 | — | — | ||
| Q4 25 | — | -5.8% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | 146.7% | 10.3% | ||
| Q1 25 | 100.8% | 5.4% | ||
| Q4 24 | 110.6% | -9.6% | ||
| Q3 24 | 54.2% | 5.5% | ||
| Q2 24 | 79.3% | 9.0% |
每股收益（稀释后）LBRDASAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | — | $-1.97 | ||
| Q3 25 | — | $4.25 | ||
| Q2 25 | $2.68 | $5.45 | ||
| Q1 25 | $1.87 | $2.16 | ||
| Q4 24 | $2.04 | $-3.23 | ||
| Q3 24 | $0.99 | $2.86 | ||
| Q2 24 | $1.36 | $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 | $180.0M | $164.1M |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $10.4B | $682.6M |
| 总资产 | $16.6B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资LBRDASAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | — | $223.4M | ||
| Q3 25 | — | $250.5M | ||
| Q2 25 | $180.0M | $212.4M | ||
| Q1 25 | $226.0M | $152.5M | ||
| Q4 24 | $163.0M | $211.8M | ||
| Q3 24 | $168.0M | $255.6M | ||
| Q2 24 | $73.0M | $219.3M |
总债务LBRDASAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.6B | — |
股东权益LBRDASAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | — | $846.3M | ||
| Q3 25 | — | $911.0M | ||
| Q2 25 | $10.4B | $912.3M | ||
| Q1 25 | $10.1B | $897.0M | ||
| Q4 24 | $9.8B | $916.2M | ||
| Q3 24 | $9.5B | $1.0B | ||
| Q2 24 | $9.3B | $1.0B |
总资产LBRDASAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $16.6B | $1.3B | ||
| Q1 25 | $17.0B | $1.2B | ||
| Q4 24 | $16.7B | $1.3B | ||
| Q3 24 | $16.3B | $1.4B | ||
| Q2 24 | $16.0B | $1.4B |
负债/权益比LBRDASAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.39× | — |
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 | $91.0M | — |
| 自由现金流经营现金流 - 资本支出 | $37.0M | — |
| 自由现金流率自由现金流/营收 | 14.2% | — |
| 资本支出强度资本支出/营收 | 20.7% | — |
| 现金转化率经营现金流/净利润 | 0.24× | — |
| 过去12个月自由现金流最近4个季度 | $-49.0M | — |
8季度趋势，按日历期对齐
经营现金流LBRDASAM
| Q1 26 | — | — | ||
| Q4 25 | — | $39.9M | ||
| Q3 25 | — | $101.8M | ||
| Q2 25 | $91.0M | $126.5M | ||
| Q1 25 | $78.0M | $1.9M | ||
| Q4 24 | $1.0M | $41.9M | ||
| Q3 24 | $24.0M | $115.9M | ||
| Q2 24 | $27.0M | $96.0M |
自由现金流LBRDASAM
| Q1 26 | — | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $89.2M | ||
| Q2 25 | $37.0M | $112.2M | ||
| Q1 25 | $13.0M | $-8.0M | ||
| Q4 24 | $-63.0M | $18.4M | ||
| Q3 24 | $-36.0M | $99.2M | ||
| Q2 24 | $-35.0M | $75.6M |
自由现金流率LBRDASAM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | 14.2% | 19.1% | ||
| Q1 25 | 4.9% | -1.8% | ||
| Q4 24 | -24.0% | 4.6% | ||
| Q3 24 | -13.7% | 16.4% | ||
| Q2 24 | -14.2% | 13.1% |
资本支出强度LBRDASAM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | 20.7% | 2.4% | ||
| Q1 25 | 24.4% | 2.2% | ||
| Q4 24 | 24.3% | 5.8% | ||
| Q3 24 | 22.9% | 2.8% | ||
| Q2 24 | 25.2% | 3.5% |
现金转化率LBRDASAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 0.24× | 2.09× | ||
| Q1 25 | 0.29× | 0.08× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.17× | 3.46× | ||
| Q2 24 | 0.14× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
