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怪兽饮料（MNST）与斑马技术（ZBRA）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斑马技术的1.4倍（$2.1B vs $1.5B），怪兽饮料净利率更高（21.1% vs 4.7%，领先16.3%），怪兽饮料同比增速更快（17.6% vs 10.6%），怪兽饮料自由现金流更多（$351.2M vs $327.0M），过去两年斑马技术的营收复合增速更高（12.0% 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。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
MNST vs ZBRA — 直观对比
营收规模更大
MNST
是对方的1.4倍
$1.5B
营收增速更快
MNST
高出7.0%
10.6%
净利率更高
MNST
高出16.3%
4.7%
自由现金流更多
MNST
多$24.2M
$327.0M
两年增速更快
ZBRA
近两年复合增速
5.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.5B |
| 净利润 | $449.2M | $70.0M |
| 毛利率 | 55.5% | 47.3% |
| 营业利润率 | 25.5% | 9.4% |
| 净利率 | 21.1% | 4.7% |
| 营收同比 | 17.6% | 10.6% |
| 净利润同比 | 65.9% | -57.1% |
| 每股收益（稀释后） | — | $1.40 |
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MNSTZBRA
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
净利润MNSTZBRA
| Q4 25 | $449.2M | $70.0M | ||
| Q3 25 | $524.5M | $101.0M | ||
| Q2 25 | $488.8M | $112.0M | ||
| Q1 25 | $443.0M | $136.0M | ||
| Q4 24 | $270.7M | $163.0M | ||
| Q3 24 | $370.9M | $137.0M | ||
| Q2 24 | $425.4M | $113.0M | ||
| Q1 24 | $442.0M | $115.0M |
毛利率MNSTZBRA
| Q4 25 | 55.5% | 47.3% | ||
| Q3 25 | 55.7% | 48.0% | ||
| Q2 25 | 55.7% | 47.6% | ||
| Q1 25 | 56.5% | 49.3% | ||
| Q4 24 | 55.3% | 48.6% | ||
| Q3 24 | 53.2% | 48.8% | ||
| Q2 24 | 53.6% | 48.4% | ||
| Q1 24 | 54.1% | 47.9% |
营业利润率MNSTZBRA
| Q4 25 | 25.5% | 9.4% | ||
| Q3 25 | 30.7% | 13.9% | ||
| Q2 25 | 29.9% | 14.2% | ||
| Q1 25 | 30.7% | 14.9% | ||
| Q4 24 | 21.0% | 16.9% | ||
| Q3 24 | 25.5% | 15.2% | ||
| Q2 24 | 27.7% | 13.7% | ||
| Q1 24 | 28.5% | 13.5% |
净利率MNSTZBRA
| Q4 25 | 21.1% | 4.7% | ||
| Q3 25 | 23.9% | 7.7% | ||
| Q2 25 | 23.1% | 8.7% | ||
| Q1 25 | 23.9% | 10.4% | ||
| Q4 24 | 14.9% | 12.2% | ||
| Q3 24 | 19.7% | 10.9% | ||
| Q2 24 | 22.4% | 9.3% | ||
| Q1 24 | 23.3% | 9.8% |
每股收益（稀释后）MNSTZBRA
| Q4 25 | — | $1.40 | ||
| Q3 25 | — | $1.97 | ||
| Q2 25 | — | $2.19 | ||
| Q1 25 | — | $2.62 | ||
| Q4 24 | — | $3.14 | ||
| Q3 24 | — | $2.64 | ||
| Q2 24 | — | $2.17 | ||
| Q1 24 | — | $2.23 |
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 | $125.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.3B | $3.6B |
| 总资产 | $10.0B | $8.5B |
| 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MNSTZBRA
| Q4 25 | $2.8B | $125.0M | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $2.1B | $872.0M | ||
| Q1 25 | $1.9B | $879.0M | ||
| Q4 24 | $1.5B | $901.0M | ||
| Q3 24 | $1.6B | $676.0M | ||
| Q2 24 | $1.6B | $411.0M | ||
| Q1 24 | $3.6B | $127.0M |
总债务MNSTZBRA
| Q4 25 | — | — | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | $199.1M | $2.2B | ||
| Q4 24 | $374.0M | — | ||
| Q3 24 | $748.8M | $2.2B | ||
| Q2 24 | $748.7M | $2.2B | ||
| Q1 24 | — | $2.1B |
股东权益MNSTZBRA
| Q4 25 | $8.3B | $3.6B | ||
| Q3 25 | $7.7B | $3.7B | ||
| Q2 25 | $7.2B | $3.6B | ||
| Q1 25 | $6.5B | $3.6B | ||
| Q4 24 | $6.0B | $3.6B | ||
| Q3 24 | $5.8B | $3.4B | ||
| Q2 24 | $5.9B | $3.3B | ||
| Q1 24 | $8.6B | $3.2B |
总资产MNSTZBRA
| Q4 25 | $10.0B | $8.5B | ||
| Q3 25 | $9.6B | $8.1B | ||
| Q2 25 | $8.7B | $7.9B | ||
| Q1 25 | $8.2B | $7.9B | ||
| Q4 24 | $7.7B | $8.0B | ||
| Q3 24 | $8.1B | $7.7B | ||
| Q2 24 | $8.1B | $7.5B | ||
| Q1 24 | $10.1B | $7.3B |
负债/权益比MNSTZBRA
| Q4 25 | — | — | ||
| Q3 25 | — | 0.58× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | 0.03× | 0.60× | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.13× | 0.64× | ||
| Q2 24 | 0.13× | 0.66× | ||
| Q1 24 | — | 0.66× |
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 | $357.0M |
| 自由现金流经营现金流 - 资本支出 | $351.2M | $327.0M |
| 自由现金流率自由现金流/营收 | 16.5% | 22.2% |
| 资本支出强度资本支出/营收 | 1.3% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.84× | 5.10× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $831.0M |
8季度趋势，按日历期对齐
经营现金流MNSTZBRA
| Q4 25 | $379.4M | $357.0M | ||
| Q3 25 | $745.1M | $235.0M | ||
| Q2 25 | $466.0M | $147.0M | ||
| Q1 25 | $507.6M | $178.0M | ||
| Q4 24 | $461.7M | $306.0M | ||
| Q3 24 | $618.4M | $294.0M | ||
| Q2 24 | $436.3M | $288.0M | ||
| Q1 24 | $412.1M | $125.0M |
自由现金流MNSTZBRA
| Q4 25 | $351.2M | $327.0M | ||
| Q3 25 | $701.5M | $216.0M | ||
| Q2 25 | $434.6M | $130.0M | ||
| Q1 25 | $478.5M | $158.0M | ||
| Q4 24 | $370.4M | $288.0M | ||
| Q3 24 | $571.4M | $277.0M | ||
| Q2 24 | $376.5M | $278.0M | ||
| Q1 24 | $346.1M | $111.0M |
自由现金流率MNSTZBRA
| Q4 25 | 16.5% | 22.2% | ||
| Q3 25 | 31.9% | 16.4% | ||
| Q2 25 | 20.6% | 10.1% | ||
| Q1 25 | 25.8% | 12.1% | ||
| Q4 24 | 20.4% | 21.6% | ||
| Q3 24 | 30.4% | 22.1% | ||
| Q2 24 | 19.8% | 22.8% | ||
| Q1 24 | 18.2% | 9.4% |
资本支出强度MNSTZBRA
| Q4 25 | 1.3% | 2.0% | ||
| Q3 25 | 2.0% | 1.4% | ||
| Q2 25 | 1.5% | 1.3% | ||
| Q1 25 | 1.6% | 1.5% | ||
| Q4 24 | 5.0% | 1.3% | ||
| Q3 24 | 2.5% | 1.4% | ||
| Q2 24 | 3.1% | 0.8% | ||
| Q1 24 | 3.5% | 1.2% |
现金转化率MNSTZBRA
| Q4 25 | 0.84× | 5.10× | ||
| Q3 25 | 1.42× | 2.33× | ||
| Q2 25 | 0.95× | 1.31× | ||
| Q1 25 | 1.15× | 1.31× | ||
| Q4 24 | 1.71× | 1.88× | ||
| Q3 24 | 1.67× | 2.15× | ||
| Q2 24 | 1.03× | 2.55× | ||
| Q1 24 | 0.93× | 1.09× |
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% |
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
