vs
loanDepot, Inc.（LDI）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loanDepot, Inc.的1.2倍（$385.7M vs $310.3M），BOSTON BEER CO INC净利率更高（-5.8% vs -7.2%，领先1.4%），loanDepot, Inc.同比增速更快（20.5% vs -4.1%），BOSTON BEER CO INC自由现金流更多（$22.1M vs $-648.0M），过去两年loanDepot, Inc.的营收复合增速更高（18.0% vs -4.9%）
loanDepot, Inc.是一家总部位于美国加利福尼亚州欧文市的非银行控股公司，主营抵押贷款及其他非抵押类贷款产品的销售业务，是美国市场上颇具规模的消费信贷服务提供商。
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。
LDI vs SAM — 直观对比
营收规模更大
SAM
是对方的1.2倍
$310.3M
营收增速更快
LDI
高出24.6%
-4.1%
净利率更高
SAM
高出1.4%
-7.2%
自由现金流更多
SAM
多$670.1M
$-648.0M
两年增速更快
LDI
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $310.3M | $385.7M |
| 净利润 | $-22.5M | $-22.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | -10.3% | -8.6% |
| 净利率 | -7.2% | -5.8% |
| 营收同比 | 20.5% | -4.1% |
| 净利润同比 | 32.4% | 41.9% |
| 每股收益（稀释后） | — | $-1.97 |
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LDISAM
| Q4 25 | $310.3M | $385.7M | ||
| Q3 25 | $323.3M | $537.5M | ||
| Q2 25 | $282.5M | $587.9M | ||
| Q1 25 | $273.6M | $453.9M | ||
| Q4 24 | $257.5M | $402.3M | ||
| Q3 24 | $314.6M | $605.5M | ||
| Q2 24 | $265.4M | $579.1M | ||
| Q1 24 | $222.8M | $426.1M |
净利润LDISAM
| Q4 25 | $-22.5M | $-22.5M | ||
| Q3 25 | $-4.9M | $46.2M | ||
| Q2 25 | $-13.4M | $60.4M | ||
| Q1 25 | $-21.9M | $24.4M | ||
| Q4 24 | $-33.2M | $-38.8M | ||
| Q3 24 | $1.4M | $33.5M | ||
| Q2 24 | $-32.2M | $52.3M | ||
| Q1 24 | $-34.3M | $12.6M |
毛利率LDISAM
| 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% | ||
| Q1 24 | — | 43.7% |
营业利润率LDISAM
| Q4 25 | -10.3% | -8.6% | ||
| Q3 25 | -3.2% | 11.5% | ||
| Q2 25 | -11.4% | 14.0% | ||
| Q1 25 | -16.8% | 7.4% | ||
| Q4 24 | -32.7% | -13.9% | ||
| Q3 24 | 1.1% | 7.6% | ||
| Q2 24 | -29.1% | 12.2% | ||
| Q1 24 | -38.2% | 3.6% |
净利率LDISAM
| Q4 25 | -7.2% | -5.8% | ||
| Q3 25 | -1.5% | 8.6% | ||
| Q2 25 | -4.7% | 10.3% | ||
| Q1 25 | -8.0% | 5.4% | ||
| Q4 24 | -12.9% | -9.6% | ||
| Q3 24 | 0.4% | 5.5% | ||
| Q2 24 | -12.1% | 9.0% | ||
| Q1 24 | -15.4% | 3.0% |
每股收益（稀释后）LDISAM
| Q4 25 | — | $-1.97 | ||
| Q3 25 | — | $4.25 | ||
| Q2 25 | — | $5.45 | ||
| Q1 25 | — | $2.16 | ||
| Q4 24 | — | $-3.23 | ||
| Q3 24 | $0.01 | $2.86 | ||
| Q2 24 | $-0.18 | $4.39 | ||
| Q1 24 | $-0.19 | $1.04 |
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 | $337.2M | $223.4M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $386.0M | $846.3M |
| 总资产 | $6.9B | $1.2B |
| 负债/权益比越低杠杆越低 | 5.44× | — |
8季度趋势，按日历期对齐
现金及短期投资LDISAM
| Q4 25 | $337.2M | $223.4M | ||
| Q3 25 | $459.2M | $250.5M | ||
| Q2 25 | $408.6M | $212.4M | ||
| Q1 25 | $371.5M | $152.5M | ||
| Q4 24 | $421.6M | $211.8M | ||
| Q3 24 | $483.0M | $255.6M | ||
| Q2 24 | $533.2M | $219.3M | ||
| Q1 24 | $603.7M | $205.4M |
总债务LDISAM
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.3B | — |
股东权益LDISAM
| Q4 25 | $386.0M | $846.3M | ||
| Q3 25 | $433.3M | $911.0M | ||
| Q2 25 | $439.1M | $912.3M | ||
| Q1 25 | $469.3M | $897.0M | ||
| Q4 24 | $506.6M | $916.2M | ||
| Q3 24 | $592.0M | $1.0B | ||
| Q2 24 | $578.9M | $1.0B | ||
| Q1 24 | $637.3M | $1.0B |
总资产LDISAM
| Q4 25 | $6.9B | $1.2B | ||
| Q3 25 | $6.2B | $1.2B | ||
| Q2 25 | $6.2B | $1.3B | ||
| Q1 25 | $6.4B | $1.2B | ||
| Q4 24 | $6.3B | $1.3B | ||
| Q3 24 | $6.4B | $1.4B | ||
| Q2 24 | $5.9B | $1.4B | ||
| Q1 24 | $6.2B | $1.4B |
负债/权益比LDISAM
| Q4 25 | 5.44× | — | ||
| Q3 25 | 4.83× | — | ||
| Q2 25 | 4.70× | — | ||
| Q1 25 | 4.30× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 3.41× | — | ||
| Q1 24 | 3.63× | — |
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 | $-638.7M | $39.9M |
| 自由现金流经营现金流 - 资本支出 | $-648.0M | $22.1M |
| 自由现金流率自由现金流/营收 | -208.9% | 5.7% |
| 资本支出强度资本支出/营收 | 3.0% | 4.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-734.6M | $215.6M |
8季度趋势，按日历期对齐
经营现金流LDISAM
| Q4 25 | $-638.7M | $39.9M | ||
| Q3 25 | $43.4M | $101.8M | ||
| Q2 25 | $67.6M | $126.5M | ||
| Q1 25 | $-179.9M | $1.9M | ||
| Q4 24 | $47.7M | $41.9M | ||
| Q3 24 | $-349.2M | $115.9M | ||
| Q2 24 | $-278.3M | $96.0M | ||
| Q1 24 | $-278.5M | $-4.9M |
自由现金流LDISAM
| Q4 25 | $-648.0M | $22.1M | ||
| Q3 25 | $38.7M | $89.2M | ||
| Q2 25 | $61.4M | $112.2M | ||
| Q1 25 | $-186.7M | $-8.0M | ||
| Q4 24 | $40.8M | $18.4M | ||
| Q3 24 | $-356.4M | $99.2M | ||
| Q2 24 | $-285.7M | $75.6M | ||
| Q1 24 | $-283.3M | $-20.6M |
自由现金流率LDISAM
| Q4 25 | -208.9% | 5.7% | ||
| Q3 25 | 12.0% | 16.6% | ||
| Q2 25 | 21.7% | 19.1% | ||
| Q1 25 | -68.2% | -1.8% | ||
| Q4 24 | 15.8% | 4.6% | ||
| Q3 24 | -113.3% | 16.4% | ||
| Q2 24 | -107.7% | 13.1% | ||
| Q1 24 | -127.2% | -4.8% |
资本支出强度LDISAM
| Q4 25 | 3.0% | 4.6% | ||
| Q3 25 | 1.5% | 2.3% | ||
| Q2 25 | 2.2% | 2.4% | ||
| Q1 25 | 2.5% | 2.2% | ||
| Q4 24 | 2.7% | 5.8% | ||
| Q3 24 | 2.3% | 2.8% | ||
| Q2 24 | 2.8% | 3.5% | ||
| Q1 24 | 2.1% | 3.7% |
现金转化率LDISAM
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | -255.05× | 3.46× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | — | -0.39× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
