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迈心诺（MASI）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的季度营收约是迈心诺的1.2倍（$461.6M vs $371.5M），BOSTON BEER CO INC同比增速更快（-4.1% vs -26.4%），过去两年BOSTON BEER CO INC的营收复合增速更高（-10.7% vs -17.7%）
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
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。
MASI vs SAM — 直观对比
营收规模更大
SAM
是对方的1.2倍
$371.5M
营收增速更快
SAM
高出22.3%
-26.4%
两年增速更快
SAM
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $461.6M |
| 净利润 | $-100.4M | — |
| 毛利率 | 62.1% | 46.4% |
| 营业利润率 | 22.5% | 12.4% |
| 净利率 | -27.0% | — |
| 营收同比 | -26.4% | -4.1% |
| 净利润同比 | -1124.5% | — |
| 每股收益（稀释后） | $-1.84 | $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MASISAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | — | $385.7M | ||
| Q3 25 | $371.5M | $537.5M | ||
| Q2 25 | $370.9M | $587.9M | ||
| Q1 25 | $372.0M | $453.9M | ||
| Q4 24 | $600.7M | $402.3M | ||
| Q3 24 | $504.6M | $605.5M | ||
| Q2 24 | $496.3M | $579.1M |
净利润MASISAM
| Q1 26 | — | — | ||
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $-100.4M | $46.2M | ||
| Q2 25 | $51.3M | $60.4M | ||
| Q1 25 | $-170.7M | $24.4M | ||
| Q4 24 | $-349.6M | $-38.8M | ||
| Q3 24 | $9.8M | $33.5M | ||
| Q2 24 | $16.0M | $52.3M |
毛利率MASISAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | 62.1% | 50.8% | ||
| Q2 25 | 62.9% | 49.8% | ||
| Q1 25 | 62.9% | 48.3% | ||
| Q4 24 | 40.7% | 39.9% | ||
| Q3 24 | 52.2% | 46.3% | ||
| Q2 24 | 51.3% | 46.0% |
营业利润率MASISAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | — | -8.6% | ||
| Q3 25 | 22.5% | 11.5% | ||
| Q2 25 | 17.4% | 14.0% | ||
| Q1 25 | 21.0% | 7.4% | ||
| Q4 24 | -59.8% | -13.9% | ||
| Q3 24 | 6.0% | 7.6% | ||
| Q2 24 | 5.7% | 12.2% |
净利率MASISAM
| Q1 26 | — | — | ||
| Q4 25 | — | -5.8% | ||
| Q3 25 | -27.0% | 8.6% | ||
| Q2 25 | 13.8% | 10.3% | ||
| Q1 25 | -45.9% | 5.4% | ||
| Q4 24 | -58.2% | -9.6% | ||
| Q3 24 | 1.9% | 5.5% | ||
| Q2 24 | 3.2% | 9.0% |
每股收益（稀释后）MASISAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | — | $-1.97 | ||
| Q3 25 | $-1.84 | $4.25 | ||
| Q2 25 | $0.94 | $5.45 | ||
| Q1 25 | $-3.12 | $2.16 | ||
| Q4 24 | $-6.54 | $-3.23 | ||
| Q3 24 | $0.18 | $2.86 | ||
| Q2 24 | $0.29 | $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 | $312.3M | $164.1M |
| 总债务越低越好 | $559.1M | — |
| 股东权益账面价值 | $810.0M | $682.6M |
| 总资产 | $1.8B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资MASISAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | — | $223.4M | ||
| Q3 25 | $312.3M | $250.5M | ||
| Q2 25 | $149.6M | $212.4M | ||
| Q1 25 | $130.8M | $152.5M | ||
| Q4 24 | $177.6M | $211.8M | ||
| Q3 24 | $158.5M | $255.6M | ||
| Q2 24 | $129.6M | $219.3M |
总债务MASISAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | — | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — |
股东权益MASISAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | — | $846.3M | ||
| Q3 25 | $810.0M | $911.0M | ||
| Q2 25 | $1.0B | $912.3M | ||
| Q1 25 | $946.4M | $897.0M | ||
| Q4 24 | $1.1B | $916.2M | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.4B | $1.0B |
总资产MASISAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $2.9B | $1.4B |
负债/权益比MASISAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | — |
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 | $56.8M | — |
| 自由现金流经营现金流 - 资本支出 | $50.9M | — |
| 自由现金流率自由现金流/营收 | 13.7% | — |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 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 | $191.0M | — |
8季度趋势，按日历期对齐
经营现金流MASISAM
| Q1 26 | — | — | ||
| Q4 25 | — | $39.9M | ||
| Q3 25 | $56.8M | $101.8M | ||
| Q2 25 | $69.4M | $126.5M | ||
| Q1 25 | $31.1M | $1.9M | ||
| Q4 24 | $50.5M | $41.9M | ||
| Q3 24 | $25.6M | $115.9M | ||
| Q2 24 | $74.5M | $96.0M |
自由现金流MASISAM
| Q1 26 | — | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | $50.9M | $89.2M | ||
| Q2 25 | $65.6M | $112.2M | ||
| Q1 25 | $28.5M | $-8.0M | ||
| Q4 24 | $46.0M | $18.4M | ||
| Q3 24 | $16.9M | $99.2M | ||
| Q2 24 | $66.9M | $75.6M |
自由现金流率MASISAM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | 13.7% | 16.6% | ||
| Q2 25 | 17.7% | 19.1% | ||
| Q1 25 | 7.7% | -1.8% | ||
| Q4 24 | 7.7% | 4.6% | ||
| Q3 24 | 3.3% | 16.4% | ||
| Q2 24 | 13.5% | 13.1% |
资本支出强度MASISAM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 1.6% | 2.3% | ||
| Q2 25 | 1.0% | 2.4% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 0.7% | 5.8% | ||
| Q3 24 | 1.7% | 2.8% | ||
| Q2 24 | 1.5% | 3.5% |
现金转化率MASISAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 1.35× | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | 3.46× | ||
| Q2 24 | 4.66× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
