vs
美泰（MAT）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
美泰的季度营收约是BOSTON BEER CO INC的1.9倍（$862.2M vs $461.6M），美泰同比增速更快（4.3% vs -4.1%），过去两年美泰的营收复合增速更高（-10.6% vs -10.7%）
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
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。
MAT vs SAM — 直观对比
营收规模更大
MAT
是对方的1.9倍
$461.6M
营收增速更快
MAT
高出8.4%
-4.1%
两年增速更快
MAT
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $461.6M |
| 净利润 | $61.0M | — |
| 毛利率 | 44.9% | 46.4% |
| 营业利润率 | — | 12.4% |
| 净利率 | 7.1% | — |
| 营收同比 | 4.3% | -4.1% |
| 净利润同比 | 251.4% | — |
| 每股收益（稀释后） | $0.20 | $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MATSAM
| Q1 26 | $862.2M | $461.6M | ||
| Q4 25 | $1.8B | $385.7M | ||
| Q3 25 | $1.7B | $537.5M | ||
| Q2 25 | $1.0B | $587.9M | ||
| Q1 25 | $826.6M | $453.9M | ||
| Q4 24 | $1.6B | $402.3M | ||
| Q3 24 | $1.8B | $605.5M | ||
| Q2 24 | $1.1B | $579.1M |
净利润MATSAM
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $-22.5M | ||
| Q3 25 | $278.4M | $46.2M | ||
| Q2 25 | $53.4M | $60.4M | ||
| Q1 25 | $-40.3M | $24.4M | ||
| Q4 24 | $140.9M | $-38.8M | ||
| Q3 24 | $372.4M | $33.5M | ||
| Q2 24 | $56.9M | $52.3M |
毛利率MATSAM
| Q1 26 | 44.9% | 46.4% | ||
| Q4 25 | 45.9% | 43.5% | ||
| Q3 25 | 50.0% | 50.8% | ||
| Q2 25 | 50.9% | 49.8% | ||
| Q1 25 | 49.4% | 48.3% | ||
| Q4 24 | 50.7% | 39.9% | ||
| Q3 24 | 53.1% | 46.3% | ||
| Q2 24 | 49.2% | 46.0% |
营业利润率MATSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 8.0% | -8.6% | ||
| Q3 25 | 21.9% | 11.5% | ||
| Q2 25 | 7.7% | 14.0% | ||
| Q1 25 | -6.4% | 7.4% | ||
| Q4 24 | 9.6% | -13.9% | ||
| Q3 24 | 26.5% | 7.6% | ||
| Q2 24 | 7.7% | 12.2% |
净利率MATSAM
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | -5.8% | ||
| Q3 25 | 16.0% | 8.6% | ||
| Q2 25 | 5.2% | 10.3% | ||
| Q1 25 | -4.9% | 5.4% | ||
| Q4 24 | 8.6% | -9.6% | ||
| Q3 24 | 20.2% | 5.5% | ||
| Q2 24 | 5.3% | 9.0% |
每股收益（稀释后）MATSAM
| Q1 26 | $0.20 | $2.16 | ||
| Q4 25 | $0.32 | $-1.97 | ||
| Q3 25 | $0.88 | $4.25 | ||
| Q2 25 | $0.16 | $5.45 | ||
| Q1 25 | $-0.12 | $2.16 | ||
| Q4 24 | $0.40 | $-3.23 | ||
| Q3 24 | $1.09 | $2.86 | ||
| Q2 24 | $0.17 | $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 | $866.0M | $164.1M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $682.6M |
| 总资产 | $6.3B | $1.2B |
| 负债/权益比越低杠杆越低 | 1.11× | — |
8季度趋势，按日历期对齐
现金及短期投资MATSAM
| Q1 26 | $866.0M | $164.1M | ||
| Q4 25 | $1.2B | $223.4M | ||
| Q3 25 | $691.9M | $250.5M | ||
| Q2 25 | $870.5M | $212.4M | ||
| Q1 25 | $1.2B | $152.5M | ||
| Q4 24 | $1.4B | $211.8M | ||
| Q3 24 | $723.5M | $255.6M | ||
| Q2 24 | $722.4M | $219.3M |
总债务MATSAM
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATSAM
| Q1 26 | $2.1B | $682.6M | ||
| Q4 25 | $2.2B | $846.3M | ||
| Q3 25 | $2.3B | $911.0M | ||
| Q2 25 | $2.2B | $912.3M | ||
| Q1 25 | $2.1B | $897.0M | ||
| Q4 24 | $2.3B | $916.2M | ||
| Q3 24 | $2.3B | $1.0B | ||
| Q2 24 | $2.0B | $1.0B |
总资产MATSAM
| Q1 26 | $6.3B | $1.2B | ||
| Q4 25 | $6.6B | $1.2B | ||
| Q3 25 | $6.6B | $1.2B | ||
| Q2 25 | $6.2B | $1.3B | ||
| Q1 25 | $6.2B | $1.2B | ||
| Q4 24 | $6.5B | $1.3B | ||
| Q3 24 | $6.5B | $1.4B | ||
| Q2 24 | $5.9B | $1.4B |
负债/权益比MATSAM
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.18× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | — |
| 自由现金流率自由现金流/营收 | -10.2% | — |
| 资本支出强度资本支出/营收 | 7.6% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MATSAM
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $39.9M | ||
| Q3 25 | $72.0M | $101.8M | ||
| Q2 25 | $-300.1M | $126.5M | ||
| Q1 25 | $24.8M | $1.9M | ||
| Q4 24 | $862.1M | $41.9M | ||
| Q3 24 | $155.8M | $115.9M | ||
| Q2 24 | $-252.9M | $96.0M |
自由现金流MATSAM
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $89.2M | ||
| Q2 25 | — | $112.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $18.4M | ||
| Q3 24 | — | $99.2M | ||
| Q2 24 | — | $75.6M |
自由现金流率MATSAM
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 13.1% |
资本支出强度MATSAM
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.5% |
现金转化率MATSAM
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | 2.21× | ||
| Q2 25 | -5.62× | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | 3.46× | ||
| Q2 24 | -4.45× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
