vs
LANDS' END, INC.（LE）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LANDS' END, INC.的1.5倍（$461.6M vs $317.5M），LANDS' END, INC.同比增速更快（0.1% vs -4.1%），过去两年LANDS' END, INC.的营收复合增速更高（-0.9% vs -10.7%）
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
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。
LE vs SAM — 直观对比
营收规模更大
SAM
是对方的1.5倍
$317.5M
营收增速更快
LE
高出4.2%
-4.1%
两年增速更快
LE
近两年复合增速
-10.7%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $461.6M |
| 净利润 | $5.2M | — |
| 毛利率 | 51.8% | 46.4% |
| 营业利润率 | 5.3% | 12.4% |
| 净利率 | 1.6% | — |
| 营收同比 | 0.1% | -4.1% |
| 净利润同比 | 198.3% | — |
| 每股收益（稀释后） | $0.17 | $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LESAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $317.5M | $385.7M | ||
| Q3 25 | — | $537.5M | ||
| Q2 25 | $261.2M | $587.9M | ||
| Q1 25 | — | $453.9M | ||
| Q4 24 | $318.6M | $402.3M | ||
| Q3 24 | $317.2M | $605.5M | ||
| Q2 24 | $285.5M | $579.1M |
净利润LESAM
| Q1 26 | — | — | ||
| Q4 25 | $5.2M | $-22.5M | ||
| Q3 25 | — | $46.2M | ||
| Q2 25 | $-8.3M | $60.4M | ||
| Q1 25 | — | $24.4M | ||
| Q4 24 | $-593.0K | $-38.8M | ||
| Q3 24 | $-5.3M | $33.5M | ||
| Q2 24 | $-6.4M | $52.3M |
毛利率LESAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 51.8% | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | 50.8% | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | 50.6% | 39.9% | ||
| Q3 24 | 47.9% | 46.3% | ||
| Q2 24 | 48.7% | 46.0% |
营业利润率LESAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 5.3% | -8.6% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | -0.9% | 14.0% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | 2.9% | -13.9% | ||
| Q3 24 | 0.8% | 7.6% | ||
| Q2 24 | 0.8% | 12.2% |
净利率LESAM
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | -5.8% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | -3.2% | 10.3% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | -0.2% | -9.6% | ||
| Q3 24 | -1.7% | 5.5% | ||
| Q2 24 | -2.3% | 9.0% |
每股收益（稀释后）LESAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $0.17 | $-1.97 | ||
| Q3 25 | — | $4.25 | ||
| Q2 25 | $-0.27 | $5.45 | ||
| Q1 25 | — | $2.16 | ||
| Q4 24 | $-0.02 | $-3.23 | ||
| Q3 24 | $-0.17 | $2.86 | ||
| Q2 24 | $-0.20 | $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 | $36.3M | $164.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $231.0M | $682.6M |
| 总资产 | $852.7M | $1.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LESAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $36.3M | $223.4M | ||
| Q3 25 | — | $250.5M | ||
| Q2 25 | $18.1M | $212.4M | ||
| Q1 25 | — | $152.5M | ||
| Q4 24 | $30.4M | $211.8M | ||
| Q3 24 | $25.6M | $255.6M | ||
| Q2 24 | $27.4M | $219.3M |
股东权益LESAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $231.0M | $846.3M | ||
| Q3 25 | — | $911.0M | ||
| Q2 25 | $230.1M | $912.3M | ||
| Q1 25 | — | $897.0M | ||
| Q4 24 | $223.6M | $916.2M | ||
| Q3 24 | $226.5M | $1.0B | ||
| Q2 24 | $234.6M | $1.0B |
总资产LESAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $852.7M | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $760.5M | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $843.6M | $1.3B | ||
| Q3 24 | $802.5M | $1.4B | ||
| Q2 24 | $800.1M | $1.4B |
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 | $-15.7M | — |
| 自由现金流经营现金流 - 资本支出 | $-22.4M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | -3.03× | — |
| 过去12个月自由现金流最近4个季度 | $-55.0M | — |
8季度趋势，按日历期对齐
经营现金流LESAM
| Q1 26 | — | — | ||
| Q4 25 | $-15.7M | $39.9M | ||
| Q3 25 | — | $101.8M | ||
| Q2 25 | $-22.5M | $126.5M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | $-17.1M | $41.9M | ||
| Q3 24 | $30.7M | $115.9M | ||
| Q2 24 | $-25.8M | $96.0M |
自由现金流LESAM
| Q1 26 | — | — | ||
| Q4 25 | $-22.4M | $22.1M | ||
| Q3 25 | — | $89.2M | ||
| Q2 25 | $-30.7M | $112.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | $-27.8M | $18.4M | ||
| Q3 24 | $26.0M | $99.2M | ||
| Q2 24 | $-32.6M | $75.6M |
自由现金流率LESAM
| Q1 26 | — | — | ||
| Q4 25 | -7.1% | 5.7% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | -11.8% | 19.1% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | -8.7% | 4.6% | ||
| Q3 24 | 8.2% | 16.4% | ||
| Q2 24 | -11.4% | 13.1% |
资本支出强度LESAM
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 4.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | 3.2% | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 3.3% | 5.8% | ||
| Q3 24 | 1.5% | 2.8% | ||
| Q2 24 | 2.4% | 3.5% |
现金转化率LESAM
| Q1 26 | — | — | ||
| Q4 25 | -3.03× | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 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
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 6% |
SAM
暂无分部数据
