vs
奥驰亚（MO）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
奥驰亚的季度营收约是BOSTON BEER CO INC的15.2倍（$5.8B vs $385.7M）。奥驰亚净利率更高（19.1% vs -5.8%，领先24.9%）。奥驰亚同比增速更快（-2.1% vs -4.1%）。奥驰亚自由现金流更多（$3.2B vs $22.1M）。过去两年奥驰亚的营收复合增速更高（2.4% vs -4.9%）
奥驰亚集团是美国头部烟草企业，通过旗下子公司生产销售可燃烟草与口服类烟草相关产品，核心品牌包括万宝路香烟、Black & Mild雪茄及烟斗烟、哥本哈根、斯库尔等湿无烟烟草，以及on!口服尼古丁袋，产品主要供应批发商、分销商及大型零售客户。
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。
MO vs SAM — 直观对比
营收规模更大
MO
是对方的15.2倍
$385.7M
营收增速更快
MO
高出2.0%
-4.1%
净利率更高
MO
高出24.9%
-5.8%
自由现金流更多
MO
多$3.2B
$22.1M
两年增速更快
MO
近两年复合增速
-4.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.8B | $385.7M |
| 净利润 | $1.1B | $-22.5M |
| 毛利率 | 62.1% | 43.5% |
| 营业利润率 | 28.2% | -8.6% |
| 净利率 | 19.1% | -5.8% |
| 营收同比 | -2.1% | -4.1% |
| 净利润同比 | -63.2% | 41.9% |
| 每股收益（稀释后） | $0.67 | $-1.97 |
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MOSAM
| Q4 25 | $5.8B | $385.7M | ||
| Q3 25 | $6.1B | $537.5M | ||
| Q2 25 | $6.1B | $587.9M | ||
| Q1 25 | $5.3B | $453.9M | ||
| Q4 24 | $6.0B | $402.3M | ||
| Q3 24 | $6.3B | $605.5M | ||
| Q2 24 | $6.2B | $579.1M | ||
| Q1 24 | $5.6B | $426.1M |
净利润MOSAM
| Q4 25 | $1.1B | $-22.5M | ||
| Q3 25 | $2.4B | $46.2M | ||
| Q2 25 | $2.4B | $60.4M | ||
| Q1 25 | $1.1B | $24.4M | ||
| Q4 24 | $3.0B | $-38.8M | ||
| Q3 24 | $2.3B | $33.5M | ||
| Q2 24 | $3.8B | $52.3M | ||
| Q1 24 | $2.1B | $12.6M |
毛利率MOSAM
| Q4 25 | 62.1% | 43.5% | ||
| Q3 25 | 62.8% | 50.8% | ||
| Q2 25 | 63.1% | 49.8% | ||
| Q1 25 | 61.8% | 48.3% | ||
| Q4 24 | 60.3% | 39.9% | ||
| Q3 24 | 60.8% | 46.3% | ||
| Q2 24 | 59.2% | 46.0% | ||
| Q1 24 | 58.8% | 43.7% |
营业利润率MOSAM
| Q4 25 | 28.2% | -8.6% | ||
| Q3 25 | 53.2% | 11.5% | ||
| Q2 25 | 52.9% | 14.0% | ||
| Q1 25 | 34.0% | 7.4% | ||
| Q4 24 | 48.2% | -13.9% | ||
| Q3 24 | 50.4% | 7.6% | ||
| Q2 24 | 40.8% | 12.2% | ||
| Q1 24 | 48.0% | 3.6% |
净利率MOSAM
| Q4 25 | 19.1% | -5.8% | ||
| Q3 25 | 39.1% | 8.6% | ||
| Q2 25 | 39.0% | 10.3% | ||
| Q1 25 | 20.5% | 5.4% | ||
| Q4 24 | 50.9% | -9.6% | ||
| Q3 24 | 36.6% | 5.5% | ||
| Q2 24 | 61.2% | 9.0% | ||
| Q1 24 | 38.2% | 3.0% |
每股收益（稀释后）MOSAM
| Q4 25 | $0.67 | $-1.97 | ||
| Q3 25 | $1.41 | $4.25 | ||
| Q2 25 | $1.41 | $5.45 | ||
| Q1 25 | $0.63 | $2.16 | ||
| Q4 24 | $1.78 | $-3.23 | ||
| Q3 24 | $1.34 | $2.86 | ||
| Q2 24 | $2.21 | $4.39 | ||
| Q1 24 | $1.21 | $1.04 |
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 | $4.5B | $223.4M |
| 总债务越低越好 | $25.7B | — |
| 股东权益账面价值 | $-3.5B | $846.3M |
| 总资产 | $35.0B | $1.2B |
| 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MOSAM
| Q4 25 | $4.5B | $223.4M | ||
| Q3 25 | $3.5B | $250.5M | ||
| Q2 25 | $1.3B | $212.4M | ||
| Q1 25 | $4.7B | $152.5M | ||
| Q4 24 | $3.1B | $211.8M | ||
| Q3 24 | $1.9B | $255.6M | ||
| Q2 24 | $1.8B | $219.3M | ||
| Q1 24 | $3.6B | $205.4M |
总债务MOSAM
| Q4 25 | $25.7B | — | ||
| Q3 25 | $25.7B | — | ||
| Q2 25 | $24.7B | — | ||
| Q1 25 | $26.1B | — | ||
| Q4 24 | $24.9B | — | ||
| Q3 24 | $25.2B | — | ||
| Q2 24 | $25.0B | — | ||
| Q1 24 | $25.0B | — |
股东权益MOSAM
| Q4 25 | $-3.5B | $846.3M | ||
| Q3 25 | $-2.6B | $911.0M | ||
| Q2 25 | $-3.3B | $912.3M | ||
| Q1 25 | $-3.5B | $897.0M | ||
| Q4 24 | $-2.2B | $916.2M | ||
| Q3 24 | $-3.5B | $1.0B | ||
| Q2 24 | $-3.0B | $1.0B | ||
| Q1 24 | $-5.1B | $1.0B |
总资产MOSAM
| Q4 25 | $35.0B | $1.2B | ||
| Q3 25 | $35.0B | $1.2B | ||
| Q2 25 | $32.3B | $1.3B | ||
| Q1 25 | $35.8B | $1.2B | ||
| Q4 24 | $35.2B | $1.3B | ||
| Q3 24 | $34.2B | $1.4B | ||
| Q2 24 | $34.4B | $1.4B | ||
| Q1 24 | $36.5B | $1.4B |
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 | $3.3B | $39.9M |
| 自由现金流经营现金流 - 资本支出 | $3.2B | $22.1M |
| 自由现金流率自由现金流/营收 | 54.4% | 5.7% |
| 资本支出强度资本支出/营收 | 1.6% | 4.6% |
| 现金转化率经营现金流/净利润 | 2.93× | — |
| 过去12个月自由现金流最近4个季度 | $9.1B | $215.6M |
8季度趋势，按日历期对齐
经营现金流MOSAM
| Q4 25 | $3.3B | $39.9M | ||
| Q3 25 | $3.1B | $101.8M | ||
| Q2 25 | $205.0M | $126.5M | ||
| Q1 25 | $2.7B | $1.9M | ||
| Q4 24 | $3.3B | $41.9M | ||
| Q3 24 | $2.6B | $115.9M | ||
| Q2 24 | $-75.0M | $96.0M | ||
| Q1 24 | $2.9B | $-4.9M |
自由现金流MOSAM
| Q4 25 | $3.2B | $22.1M | ||
| Q3 25 | $3.0B | $89.2M | ||
| Q2 25 | $173.0M | $112.2M | ||
| Q1 25 | $2.7B | $-8.0M | ||
| Q4 24 | $3.3B | $18.4M | ||
| Q3 24 | $2.6B | $99.2M | ||
| Q2 24 | $-104.0M | $75.6M | ||
| Q1 24 | $2.8B | $-20.6M |
自由现金流率MOSAM
| Q4 25 | 54.4% | 5.7% | ||
| Q3 25 | 50.1% | 16.6% | ||
| Q2 25 | 2.8% | 19.1% | ||
| Q1 25 | 51.0% | -1.8% | ||
| Q4 24 | 55.1% | 4.6% | ||
| Q3 24 | 41.2% | 16.4% | ||
| Q2 24 | -1.7% | 13.1% | ||
| Q1 24 | 51.0% | -4.8% |
资本支出强度MOSAM
| Q4 25 | 1.6% | 4.6% | ||
| Q3 25 | 0.9% | 2.3% | ||
| Q2 25 | 0.5% | 2.4% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 0.8% | 5.8% | ||
| Q3 24 | 0.5% | 2.8% | ||
| Q2 24 | 0.5% | 3.5% | ||
| Q1 24 | 0.6% | 3.7% |
现金转化率MOSAM
| Q4 25 | 2.93× | — | ||
| Q3 25 | 1.30× | 2.21× | ||
| Q2 25 | 0.09× | 2.09× | ||
| Q1 25 | 2.53× | 0.08× | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | 1.14× | 3.46× | ||
| Q2 24 | -0.02× | 1.83× | ||
| Q1 24 | 1.35× | -0.39× |
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
MO
| Smokeable Products Segment | $5.1B | 88% |
| Oral Tobacco Segment | $706.0M | 12% |
SAM
暂无分部数据
