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怪兽饮料（MNST）与Pinnacle West Capital（PNW）财务数据对比。点击上方公司名可切换其他公司
怪兽饮料的季度营收约是Pinnacle West Capital的1.9倍（$2.1B vs $1.1B），怪兽饮料净利率更高（21.1% vs 1.6%，领先19.5%），怪兽饮料同比增速更快（17.6% vs 3.0%），怪兽饮料自由现金流更多（$351.2M vs $-192.7M），过去两年Pinnacle West Capital的营收复合增速更高（8.9% vs 5.9%）
怪兽饮料是美国知名饮品企业，旗下拥有魔爪、Relentless、Reign、Burn等多款畅销能量饮料产品。公司1935年创立于美国南加州，前身为Hansen's，最初主营果汁产品，2012年正式更为现名。
Pinnacle West Capital是美国公用事业控股企业，旗下拥有亚利桑那州规模最大的公用事业公司亚利桑那公共服务（APS）。公司于纽约证券交易所上市，是标普500指数成分股，运营受亚利桑那州公司委员会监管。
MNST vs PNW — 直观对比
营收规模更大
MNST
是对方的1.9倍
$1.1B
营收增速更快
MNST
高出14.6%
3.0%
净利率更高
MNST
高出19.5%
1.6%
自由现金流更多
MNST
多$544.0M
$-192.7M
两年增速更快
PNW
近两年复合增速
5.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.1B |
| 净利润 | $449.2M | $17.6M |
| 毛利率 | 55.5% | — |
| 营业利润率 | 25.5% | 10.7% |
| 净利率 | 21.1% | 1.6% |
| 营收同比 | 17.6% | 3.0% |
| 净利润同比 | 65.9% | 798.0% |
| 每股收益（稀释后） | — | $0.12 |
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MNSTPNW
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.9B | $951.7M |
净利润MNSTPNW
| Q4 25 | $449.2M | $17.6M | ||
| Q3 25 | $524.5M | $417.5M | ||
| Q2 25 | $488.8M | $196.9M | ||
| Q1 25 | $443.0M | $-338.0K | ||
| Q4 24 | $270.7M | $-2.5M | ||
| Q3 24 | $370.9M | $399.3M | ||
| Q2 24 | $425.4M | $208.1M | ||
| Q1 24 | $442.0M | $21.2M |
毛利率MNSTPNW
| Q4 25 | 55.5% | — | ||
| Q3 25 | 55.7% | — | ||
| Q2 25 | 55.7% | — | ||
| Q1 25 | 56.5% | — | ||
| Q4 24 | 55.3% | — | ||
| Q3 24 | 53.2% | — | ||
| Q2 24 | 53.6% | — | ||
| Q1 24 | 54.1% | — |
营业利润率MNSTPNW
| Q4 25 | 25.5% | 10.7% | ||
| Q3 25 | 30.7% | 32.0% | ||
| Q2 25 | 29.9% | 22.6% | ||
| Q1 25 | 30.7% | 5.5% | ||
| Q4 24 | 21.0% | 7.7% | ||
| Q3 24 | 25.5% | 30.9% | ||
| Q2 24 | 27.7% | 24.0% | ||
| Q1 24 | 28.5% | 7.0% |
净利率MNSTPNW
| Q4 25 | 21.1% | 1.6% | ||
| Q3 25 | 23.9% | 22.9% | ||
| Q2 25 | 23.1% | 14.5% | ||
| Q1 25 | 23.9% | -0.0% | ||
| Q4 24 | 14.9% | -0.2% | ||
| Q3 24 | 19.7% | 22.6% | ||
| Q2 24 | 22.4% | 15.9% | ||
| Q1 24 | 23.3% | 2.2% |
每股收益（稀释后）MNSTPNW
| Q4 25 | — | $0.12 | ||
| Q3 25 | — | $3.39 | ||
| Q2 25 | — | $1.58 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $3.37 | ||
| Q2 24 | — | $1.76 | ||
| Q1 24 | — | $0.15 |
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 | $2.8B | $6.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.3B | $7.0B |
| 总资产 | $10.0B | $30.0B |
| 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MNSTPNW
| Q4 25 | $2.8B | $6.6M | ||
| Q3 25 | $2.6B | $30.9M | ||
| Q2 25 | $2.1B | $18.8M | ||
| Q1 25 | $1.9B | $10.0M | ||
| Q4 24 | $1.5B | $3.8M | ||
| Q3 24 | $1.6B | $49.2M | ||
| Q2 24 | $1.6B | $4.0M | ||
| Q1 24 | $3.6B | $9.6M |
总债务MNSTPNW
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $199.1M | — | ||
| Q4 24 | $374.0M | — | ||
| Q3 24 | $748.8M | — | ||
| Q2 24 | $748.7M | — | ||
| Q1 24 | — | — |
股东权益MNSTPNW
| Q4 25 | $8.3B | $7.0B | ||
| Q3 25 | $7.7B | $7.2B | ||
| Q2 25 | $7.2B | $6.7B | ||
| Q1 25 | $6.5B | $6.7B | ||
| Q4 24 | $6.0B | $6.8B | ||
| Q3 24 | $5.8B | $6.6B | ||
| Q2 24 | $5.9B | $6.2B | ||
| Q1 24 | $8.6B | $6.2B |
总资产MNSTPNW
| Q4 25 | $10.0B | $30.0B | ||
| Q3 25 | $9.6B | $29.9B | ||
| Q2 25 | $8.7B | $29.2B | ||
| Q1 25 | $8.2B | $27.2B | ||
| Q4 24 | $7.7B | $26.1B | ||
| Q3 24 | $8.1B | $26.3B | ||
| Q2 24 | $8.1B | $25.7B | ||
| Q1 24 | $10.1B | $24.8B |
负债/权益比MNSTPNW
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.13× | — | ||
| Q1 24 | — | — |
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 | $379.4M | $476.8M |
| 自由现金流经营现金流 - 资本支出 | $351.2M | $-192.7M |
| 自由现金流率自由现金流/营收 | 16.5% | -17.1% |
| 资本支出强度资本支出/营收 | 1.3% | 59.3% |
| 现金转化率经营现金流/净利润 | 0.84× | 27.09× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $-819.5M |
8季度趋势，按日历期对齐
经营现金流MNSTPNW
| Q4 25 | $379.4M | $476.8M | ||
| Q3 25 | $745.1M | $665.0M | ||
| Q2 25 | $466.0M | $261.4M | ||
| Q1 25 | $507.6M | $401.9M | ||
| Q4 24 | $461.7M | $439.5M | ||
| Q3 24 | $618.4M | $633.2M | ||
| Q2 24 | $436.3M | $189.8M | ||
| Q1 24 | $412.1M | $347.4M |
自由现金流MNSTPNW
| Q4 25 | $351.2M | $-192.7M | ||
| Q3 25 | $701.5M | $42.0M | ||
| Q2 25 | $434.6M | $-448.1M | ||
| Q1 25 | $478.5M | $-220.7M | ||
| Q4 24 | $370.4M | $-92.1M | ||
| Q3 24 | $571.4M | $-32.7M | ||
| Q2 24 | $376.5M | $-344.2M | ||
| Q1 24 | $346.1M | $-170.4M |
自由现金流率MNSTPNW
| Q4 25 | 16.5% | -17.1% | ||
| Q3 25 | 31.9% | 2.3% | ||
| Q2 25 | 20.6% | -33.0% | ||
| Q1 25 | 25.8% | -21.4% | ||
| Q4 24 | 20.4% | -8.4% | ||
| Q3 24 | 30.4% | -1.8% | ||
| Q2 24 | 19.8% | -26.3% | ||
| Q1 24 | 18.2% | -17.9% |
资本支出强度MNSTPNW
| Q4 25 | 1.3% | 59.3% | ||
| Q3 25 | 2.0% | 34.2% | ||
| Q2 25 | 1.5% | 52.2% | ||
| Q1 25 | 1.6% | 60.3% | ||
| Q4 24 | 5.0% | 48.5% | ||
| Q3 24 | 2.5% | 37.6% | ||
| Q2 24 | 3.1% | 40.8% | ||
| Q1 24 | 3.5% | 54.4% |
现金转化率MNSTPNW
| Q4 25 | 0.84× | 27.09× | ||
| Q3 25 | 1.42× | 1.59× | ||
| Q2 25 | 0.95× | 1.33× | ||
| Q1 25 | 1.15× | — | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.67× | 1.59× | ||
| Q2 24 | 1.03× | 0.91× | ||
| Q1 24 | 0.93× | 16.41× |
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
MNST
| Monster Energy Drinks Segment | $1.2B | 57% |
| Sales Revenue Product Line | $905.5M | 42% |
| Strategic Brands Segment | $50.3M | 2% |
| Alcohol Brands Segment | $29.0M | 1% |
PNW
| Electricand Transmission Service | $1.1B | 100% |
| Other Services | $4.4M | 0% |
