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怪兽饮料（MNST）与QVC INC（QVCD）财务数据对比。点击上方公司名可切换其他公司
QVC INC的季度营收约是怪兽饮料的1.1倍（$2.4B vs $2.1B），怪兽饮料净利率更高（21.1% vs 1.5%，领先19.6%），怪兽饮料同比增速更快（17.6% vs -8.9%），过去两年QVC INC的营收复合增速更高（7.1% 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。
QVC集团是一家美国媒体 conglomerate，由公司董事长约翰·C·马龙控股，马龙持有该集团多数有表决权股份，业务覆盖媒体相关领域，是美国颇具影响力的传媒企业集团。
MNST vs QVCD — 直观对比
营收规模更大
QVCD
是对方的1.1倍
$2.1B
营收增速更快
MNST
高出26.6%
-8.9%
净利率更高
MNST
高出19.6%
1.5%
两年增速更快
QVCD
近两年复合增速
5.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.4B |
| 净利润 | $449.2M | $37.0M |
| 毛利率 | 55.5% | 32.5% |
| 营业利润率 | 25.5% | 5.6% |
| 净利率 | 21.1% | 1.5% |
| 营收同比 | 17.6% | -8.9% |
| 净利润同比 | 65.9% | 103.0% |
| 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MNSTQVCD
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | $1.9B | $2.1B | ||
| Q2 24 | $1.9B | $2.1B | ||
| Q1 24 | $1.9B | $2.1B |
净利润MNSTQVCD
| Q4 25 | $449.2M | $37.0M | ||
| Q3 25 | $524.5M | $2.0M | ||
| Q2 25 | $488.8M | $-2.2B | ||
| Q1 25 | $443.0M | $-42.0M | ||
| Q4 24 | $270.7M | $-1.2B | ||
| Q3 24 | $370.9M | $51.0M | ||
| Q2 24 | $425.4M | $53.0M | ||
| Q1 24 | $442.0M | $51.0M |
毛利率MNSTQVCD
| Q4 25 | 55.5% | 32.5% | ||
| Q3 25 | 55.7% | 33.6% | ||
| Q2 25 | 55.7% | 35.4% | ||
| Q1 25 | 56.5% | 33.3% | ||
| Q4 24 | 55.3% | 32.6% | ||
| Q3 24 | 53.2% | 34.7% | ||
| Q2 24 | 53.6% | 35.6% | ||
| Q1 24 | 54.1% | 35.0% |
营业利润率MNSTQVCD
| Q4 25 | 25.5% | 5.6% | ||
| Q3 25 | 30.7% | 4.6% | ||
| Q2 25 | 29.9% | -114.5% | ||
| Q1 25 | 30.7% | 1.5% | ||
| Q4 24 | 21.0% | -47.1% | ||
| Q3 24 | 25.5% | 7.8% | ||
| Q2 24 | 27.7% | 7.6% | ||
| Q1 24 | 28.5% | 7.4% |
净利率MNSTQVCD
| Q4 25 | 21.1% | 1.5% | ||
| Q3 25 | 23.9% | 0.1% | ||
| Q2 25 | 23.1% | -109.1% | ||
| Q1 25 | 23.9% | -2.2% | ||
| Q4 24 | 14.9% | -46.0% | ||
| Q3 24 | 19.7% | 2.4% | ||
| Q2 24 | 22.4% | 2.5% | ||
| Q1 24 | 23.3% | 2.4% |
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 | $1.5B |
| 总债务越低越好 | — | $1.0M |
| 股东权益账面价值 | $8.3B | $1.2B |
| 总资产 | $10.0B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MNSTQVCD
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.5B | $297.0M | ||
| Q3 24 | $1.6B | $297.0M | ||
| Q2 24 | $1.6B | $315.0M | ||
| Q1 24 | $3.6B | $311.0M |
总债务MNSTQVCD
| Q4 25 | — | $1.0M | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | $199.1M | $4.0B | ||
| Q4 24 | $374.0M | $3.3B | ||
| Q3 24 | $748.8M | $3.4B | ||
| Q2 24 | $748.7M | $3.7B | ||
| Q1 24 | — | $3.8B |
股东权益MNSTQVCD
| Q4 25 | $8.3B | $1.2B | ||
| Q3 25 | $7.7B | $1.2B | ||
| Q2 25 | $7.2B | $1.2B | ||
| Q1 25 | $6.5B | $3.3B | ||
| Q4 24 | $6.0B | $3.3B | ||
| Q3 24 | $5.8B | $4.6B | ||
| Q2 24 | $5.9B | $4.3B | ||
| Q1 24 | $8.6B | $4.2B |
总资产MNSTQVCD
| Q4 25 | $10.0B | $8.5B | ||
| Q3 25 | $9.6B | $8.3B | ||
| Q2 25 | $8.7B | $7.4B | ||
| Q1 25 | $8.2B | $9.7B | ||
| Q4 24 | $7.7B | $9.9B | ||
| Q3 24 | $8.1B | $9.9B | ||
| Q2 24 | $8.1B | $11.2B | ||
| Q1 24 | $10.1B | $11.4B |
负债/权益比MNSTQVCD
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.42× | ||
| Q1 25 | 0.03× | 1.22× | ||
| Q4 24 | 0.06× | 1.01× | ||
| Q3 24 | 0.13× | 0.73× | ||
| Q2 24 | 0.13× | 0.87× | ||
| Q1 24 | — | 0.89× |
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 | $245.0M |
| 自由现金流经营现金流 - 资本支出 | $351.2M | — |
| 自由现金流率自由现金流/营收 | 16.5% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | 0.84× | 6.62× |
| 过去12个月自由现金流最近4个季度 | $2.0B | — |
8季度趋势，按日历期对齐
经营现金流MNSTQVCD
| Q4 25 | $379.4M | $245.0M | ||
| Q3 25 | $745.1M | $76.0M | ||
| Q2 25 | $466.0M | $52.0M | ||
| Q1 25 | $507.6M | $46.0M | ||
| Q4 24 | $461.7M | $189.0M | ||
| Q3 24 | $618.4M | $98.0M | ||
| Q2 24 | $436.3M | $164.0M | ||
| Q1 24 | $412.1M | $84.0M |
自由现金流MNSTQVCD
| Q4 25 | $351.2M | — | ||
| Q3 25 | $701.5M | — | ||
| Q2 25 | $434.6M | — | ||
| Q1 25 | $478.5M | — | ||
| Q4 24 | $370.4M | — | ||
| Q3 24 | $571.4M | — | ||
| Q2 24 | $376.5M | — | ||
| Q1 24 | $346.1M | — |
自由现金流率MNSTQVCD
| Q4 25 | 16.5% | — | ||
| Q3 25 | 31.9% | — | ||
| Q2 25 | 20.6% | — | ||
| Q1 25 | 25.8% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 30.4% | — | ||
| Q2 24 | 19.8% | — | ||
| Q1 24 | 18.2% | — |
资本支出强度MNSTQVCD
| Q4 25 | 1.3% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 3.5% | — |
现金转化率MNSTQVCD
| Q4 25 | 0.84× | 6.62× | ||
| Q3 25 | 1.42× | 38.00× | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.15× | — | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.67× | 1.92× | ||
| Q2 24 | 1.03× | 3.09× | ||
| Q1 24 | 0.93× | 1.65× |
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% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
