vs
Masco（MAS）与Constellation Brands（STZ）财务数据对比。点击上方公司名可切换其他公司
Constellation Brands的季度营收约是Masco的1.2倍（$2.2B vs $1.9B），Constellation Brands净利率更高（22.6% vs 11.9%，领先10.7%），Masco同比增速更快（6.5% vs -9.8%），过去两年Constellation Brands的营收复合增速更高（1.9% vs -4.2%）
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
MAS vs STZ — 直观对比
营收规模更大
STZ
是对方的1.2倍
$1.9B
营收增速更快
MAS
高出16.3%
-9.8%
净利率更高
STZ
高出10.7%
11.9%
两年增速更快
STZ
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.2B |
| 净利润 | $228.0M | $502.8M |
| 毛利率 | 35.8% | 53.2% |
| 营业利润率 | 16.5% | 31.1% |
| 净利率 | 11.9% | 22.6% |
| 营收同比 | 6.5% | -9.8% |
| 净利润同比 | 14.5% | -18.4% |
| 每股收益（稀释后） | — | — |
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MASSTZ
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $2.1B | $2.5B | ||
| Q1 25 | $1.8B | $2.2B | ||
| Q4 24 | $1.8B | $2.5B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $2.1B | $2.7B |
净利润MASSTZ
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $502.8M | ||
| Q3 25 | $189.0M | $466.0M | ||
| Q2 25 | $270.0M | $516.1M | ||
| Q1 25 | $186.0M | $-375.3M | ||
| Q4 24 | $182.0M | $615.9M | ||
| Q3 24 | $167.0M | $-1.2B | ||
| Q2 24 | $258.0M | $877.0M |
毛利率MASSTZ
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | 53.2% | ||
| Q3 25 | 34.2% | 52.8% | ||
| Q2 25 | 37.6% | 50.4% | ||
| Q1 25 | 35.8% | 51.5% | ||
| Q4 24 | 34.8% | 52.1% | ||
| Q3 24 | 36.6% | 51.8% | ||
| Q2 24 | 37.5% | 52.7% |
营业利润率MASSTZ
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | 31.1% | ||
| Q3 25 | 15.8% | 35.2% | ||
| Q2 25 | 20.1% | 28.4% | ||
| Q1 25 | 15.9% | -6.9% | ||
| Q4 24 | 15.9% | 32.2% | ||
| Q3 24 | 18.0% | -42.1% | ||
| Q2 24 | 19.0% | 35.4% |
净利率MASSTZ
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | 22.6% | ||
| Q3 25 | 9.9% | 18.8% | ||
| Q2 25 | 13.2% | 20.5% | ||
| Q1 25 | 10.3% | -17.3% | ||
| Q4 24 | 10.0% | 25.0% | ||
| Q3 24 | 8.4% | -41.1% | ||
| Q2 24 | 12.3% | 32.9% |
每股收益（稀释后）MASSTZ
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | — | ||
| Q3 25 | $0.90 | — | ||
| Q2 25 | $1.28 | — | ||
| Q1 25 | $0.87 | — | ||
| Q4 24 | $0.85 | — | ||
| Q3 24 | $0.77 | — | ||
| Q2 24 | $1.17 | — |
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 | — | $152.4M |
| 总债务越低越好 | $2.9B | $10.3B |
| 股东权益账面价值 | $27.0M | $7.7B |
| 总资产 | $5.2B | $21.7B |
| 负债/权益比越低杠杆越低 | 109.07× | 1.33× |
8季度趋势，按日历期对齐
现金及短期投资MASSTZ
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $152.4M | ||
| Q3 25 | $559.0M | $72.0M | ||
| Q2 25 | $390.0M | $73.9M | ||
| Q1 25 | $377.0M | $68.1M | ||
| Q4 24 | $634.0M | $73.7M | ||
| Q3 24 | $646.0M | $64.6M | ||
| Q2 24 | $398.0M | $73.8M |
总债务MASSTZ
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $10.3B | ||
| Q3 25 | — | $10.3B | ||
| Q2 25 | — | $11.2B | ||
| Q1 25 | — | $10.7B | ||
| Q4 24 | $2.9B | $10.7B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $11.1B |
股东权益MASSTZ
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $7.7B | ||
| Q3 25 | $-78.0M | $7.5B | ||
| Q2 25 | $-84.0M | $7.3B | ||
| Q1 25 | $-254.0M | $6.9B | ||
| Q4 24 | $-279.0M | $7.8B | ||
| Q3 24 | $-88.0M | $7.9B | ||
| Q2 24 | $-26.0M | $10.3B |
总资产MASSTZ
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $21.7B | ||
| Q3 25 | $5.3B | $21.4B | ||
| Q2 25 | $5.3B | $22.3B | ||
| Q1 25 | $5.1B | $21.7B | ||
| Q4 24 | $5.0B | $22.8B | ||
| Q3 24 | $5.3B | $23.1B | ||
| Q2 24 | $5.4B | $26.1B |
负债/权益比MASSTZ
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | 1.33× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.08× |
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 | — | $616.9M |
| 自由现金流经营现金流 - 资本支出 | — | $370.9M |
| 自由现金流率自由现金流/营收 | — | 16.7% |
| 资本支出强度资本支出/营收 | 1.8% | 11.1% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | — | $1.8B |
8季度趋势，按日历期对齐
经营现金流MASSTZ
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $616.9M | ||
| Q3 25 | $456.0M | $852.1M | ||
| Q2 25 | $306.0M | $637.2M | ||
| Q1 25 | $-158.0M | $594.7M | ||
| Q4 24 | $407.0M | $685.2M | ||
| Q3 24 | $416.0M | $1.2B | ||
| Q2 24 | $346.0M | $690.5M |
自由现金流MASSTZ
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $370.9M | ||
| Q3 25 | $415.0M | $634.8M | ||
| Q2 25 | $270.0M | $444.4M | ||
| Q1 25 | $-190.0M | $312.1M | ||
| Q4 24 | $351.0M | $456.8M | ||
| Q3 24 | $378.0M | $854.0M | ||
| Q2 24 | $303.0M | $315.2M |
自由现金流率MASSTZ
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 16.7% | ||
| Q3 25 | 21.6% | 25.6% | ||
| Q2 25 | 13.2% | 17.7% | ||
| Q1 25 | -10.5% | 14.4% | ||
| Q4 24 | 19.2% | 18.5% | ||
| Q3 24 | 19.1% | 29.3% | ||
| Q2 24 | 14.5% | 11.8% |
资本支出强度MASSTZ
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 11.1% | ||
| Q3 25 | 2.1% | 8.8% | ||
| Q2 25 | 1.8% | 7.7% | ||
| Q1 25 | 1.8% | 13.1% | ||
| Q4 24 | 3.1% | 9.3% | ||
| Q3 24 | 1.9% | 11.2% | ||
| Q2 24 | 2.1% | 14.1% |
现金转化率MASSTZ
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 1.23× | ||
| Q3 25 | 2.41× | 1.83× | ||
| Q2 25 | 1.13× | 1.23× | ||
| Q1 25 | -0.85× | — | ||
| Q4 24 | 2.24× | 1.11× | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.34× | 0.79× |
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
MAS
暂无分部数据
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
