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怪兽饮料（MNST）与西蒙地产集团（SPG）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西蒙地产集团的1.2倍（$2.1B vs $1.8B），西蒙地产集团净利率更高（197.6% vs 21.1%，领先176.5%），怪兽饮料同比增速更快（17.6% vs 13.2%），西蒙地产集团自由现金流更多（$948.8M vs $351.2M），过去两年西蒙地产集团的营收复合增速更高（11.4% 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。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
MNST vs SPG — 直观对比
营收规模更大
MNST
是对方的1.2倍
$1.8B
营收增速更快
MNST
高出4.4%
13.2%
净利率更高
SPG
高出176.5%
21.1%
自由现金流更多
SPG
多$597.6M
$351.2M
两年增速更快
SPG
近两年复合增速
5.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.8B |
| 净利润 | $449.2M | $3.5B |
| 毛利率 | 55.5% | — |
| 营业利润率 | 25.5% | 49.7% |
| 净利率 | 21.1% | 197.6% |
| 营收同比 | 17.6% | 13.2% |
| 净利润同比 | 65.9% | 358.7% |
| 每股收益（稀释后） | — | $9.34 |
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MNSTSPG
| Q4 25 | $2.1B | $1.8B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.9B | $1.5B | ||
| Q2 24 | $1.9B | $1.5B | ||
| Q1 24 | $1.9B | $1.4B |
净利润MNSTSPG
| Q4 25 | $449.2M | $3.5B | ||
| Q3 25 | $524.5M | $702.7M | ||
| Q2 25 | $488.8M | $643.7M | ||
| Q1 25 | $443.0M | $477.9M | ||
| Q4 24 | $270.7M | $771.8M | ||
| Q3 24 | $370.9M | $546.7M | ||
| Q2 24 | $425.4M | $569.4M | ||
| Q1 24 | $442.0M | $841.2M |
毛利率MNSTSPG
| 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MNSTSPG
| Q4 25 | 25.5% | 49.7% | ||
| Q3 25 | 30.7% | 50.8% | ||
| Q2 25 | 29.9% | 49.7% | ||
| Q1 25 | 30.7% | 49.4% | ||
| Q4 24 | 21.0% | 52.8% | ||
| Q3 24 | 25.5% | 51.9% | ||
| Q2 24 | 27.7% | 51.7% | ||
| Q1 24 | 28.5% | 51.0% |
净利率MNSTSPG
| Q4 25 | 21.1% | 197.6% | ||
| Q3 25 | 23.9% | 43.9% | ||
| Q2 25 | 23.1% | 43.0% | ||
| Q1 25 | 23.9% | 32.4% | ||
| Q4 24 | 14.9% | 48.8% | ||
| Q3 24 | 19.7% | 36.9% | ||
| Q2 24 | 22.4% | 39.0% | ||
| Q1 24 | 23.3% | 58.3% |
每股收益（稀释后）MNSTSPG
| Q4 25 | — | $9.34 | ||
| Q3 25 | — | $1.86 | ||
| Q2 25 | — | $1.70 | ||
| Q1 25 | — | $1.27 | ||
| Q4 24 | — | $2.04 | ||
| Q3 24 | — | $1.46 | ||
| Q2 24 | — | $1.51 | ||
| Q1 24 | — | $2.25 |
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 | $823.1M |
| 总债务越低越好 | — | $28.4B |
| 股东权益账面价值 | $8.3B | $5.2B |
| 总资产 | $10.0B | $40.6B |
| 负债/权益比越低杠杆越低 | — | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资MNSTSPG
| Q4 25 | $2.8B | $823.1M | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.6B | $2.5B | ||
| Q2 24 | $1.6B | $2.5B | ||
| Q1 24 | $3.6B | $2.6B |
总债务MNSTSPG
| Q4 25 | — | $28.4B | ||
| Q3 25 | — | $25.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | $199.1M | $24.8B | ||
| Q4 24 | $374.0M | $24.3B | ||
| Q3 24 | $748.8M | $25.4B | ||
| Q2 24 | $748.7M | $25.3B | ||
| Q1 24 | — | $25.5B |
股东权益MNSTSPG
| Q4 25 | $8.3B | $5.2B | ||
| Q3 25 | $7.7B | $2.3B | ||
| Q2 25 | $7.2B | $2.5B | ||
| Q1 25 | $6.5B | $2.6B | ||
| Q4 24 | $6.0B | $2.9B | ||
| Q3 24 | $5.8B | $2.7B | ||
| Q2 24 | $5.9B | $2.9B | ||
| Q1 24 | $8.6B | $3.1B |
总资产MNSTSPG
| Q4 25 | $10.0B | $40.6B | ||
| Q3 25 | $9.6B | $33.6B | ||
| Q2 25 | $8.7B | $33.3B | ||
| Q1 25 | $8.2B | $32.5B | ||
| Q4 24 | $7.7B | $32.4B | ||
| Q3 24 | $8.1B | $33.3B | ||
| Q2 24 | $8.1B | $33.4B | ||
| Q1 24 | $10.1B | $33.7B |
负债/权益比MNSTSPG
| Q4 25 | — | 5.46× | ||
| Q3 25 | — | 10.98× | ||
| Q2 25 | — | 10.36× | ||
| Q1 25 | 0.03× | 9.50× | ||
| Q4 24 | 0.06× | 8.25× | ||
| Q3 24 | 0.13× | 9.37× | ||
| Q2 24 | 0.13× | 8.59× | ||
| Q1 24 | — | 8.22× |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $351.2M | $948.8M |
| 自由现金流率自由现金流/营收 | 16.5% | 53.0% |
| 资本支出强度资本支出/营收 | 1.3% | 14.2% |
| 现金转化率经营现金流/净利润 | 0.84× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $3.2B |
8季度趋势，按日历期对齐
经营现金流MNSTSPG
| Q4 25 | $379.4M | $1.2B | ||
| Q3 25 | $745.1M | $890.3M | ||
| Q2 25 | $466.0M | $1.2B | ||
| Q1 25 | $507.6M | $827.2M | ||
| Q4 24 | $461.7M | $1.1B | ||
| Q3 24 | $618.4M | $892.9M | ||
| Q2 24 | $436.3M | $1.1B | ||
| Q1 24 | $412.1M | $773.1M |
自由现金流MNSTSPG
| Q4 25 | $351.2M | $948.8M | ||
| Q3 25 | $701.5M | $685.0M | ||
| Q2 25 | $434.6M | $971.3M | ||
| Q1 25 | $478.5M | $597.0M | ||
| Q4 24 | $370.4M | $867.7M | ||
| Q3 24 | $571.4M | $706.5M | ||
| Q2 24 | $376.5M | $874.8M | ||
| Q1 24 | $346.1M | $610.1M |
自由现金流率MNSTSPG
| Q4 25 | 16.5% | 53.0% | ||
| Q3 25 | 31.9% | 42.8% | ||
| Q2 25 | 20.6% | 64.8% | ||
| Q1 25 | 25.8% | 40.5% | ||
| Q4 24 | 20.4% | 54.8% | ||
| Q3 24 | 30.4% | 47.7% | ||
| Q2 24 | 19.8% | 60.0% | ||
| Q1 24 | 18.2% | 42.3% |
资本支出强度MNSTSPG
| Q4 25 | 1.3% | 14.2% | ||
| Q3 25 | 2.0% | 12.8% | ||
| Q2 25 | 1.5% | 16.3% | ||
| Q1 25 | 1.6% | 15.6% | ||
| Q4 24 | 5.0% | 13.8% | ||
| Q3 24 | 2.5% | 12.6% | ||
| Q2 24 | 3.1% | 12.9% | ||
| Q1 24 | 3.5% | 11.3% |
现金转化率MNSTSPG
| Q4 25 | 0.84× | 0.34× | ||
| Q3 25 | 1.42× | 1.27× | ||
| Q2 25 | 0.95× | 1.89× | ||
| Q1 25 | 1.15× | 1.73× | ||
| Q4 24 | 1.71× | 1.41× | ||
| Q3 24 | 1.67× | 1.63× | ||
| Q2 24 | 1.03× | 1.87× | ||
| Q1 24 | 0.93× | 0.92× |
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% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
