vs
美盛公司（MOS）与Constellation Brands（STZ）财务数据对比。点击上方公司名可切换其他公司
美盛公司的季度营收约是Constellation Brands的1.3倍（$3.0B vs $2.2B），Constellation Brands净利率更高（22.6% vs -17.5%，领先40.1%），美盛公司同比增速更快（5.6% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $-405.7M），过去两年美盛公司的营收复合增速更高（5.3% vs 1.9%）
美盛公司（The Mosaic Company）是总部位于美国佛罗里达州坦帕的化工企业，主营磷矿、钾矿开采及尿素采集，依托多元国际分销网络和旗下肥料业务板块生产销售农用肥料，是美国规模最大的钾肥、磷肥生产商。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
MOS vs STZ — 直观对比
营收规模更大
MOS
是对方的1.3倍
$2.2B
营收增速更快
MOS
高出15.4%
-9.8%
净利率更高
STZ
高出40.1%
-17.5%
自由现金流更多
STZ
多$776.6M
$-405.7M
两年增速更快
MOS
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.2B |
| 净利润 | $-519.5M | $502.8M |
| 毛利率 | 11.5% | 53.2% |
| 营业利润率 | -3.4% | 31.1% |
| 净利率 | -17.5% | 22.6% |
| 营收同比 | 5.6% | -9.8% |
| 净利润同比 | -407.4% | -18.4% |
| 每股收益（稀释后） | $-1.63 | — |
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MOSSTZ
| Q4 25 | $3.0B | $2.2B | ||
| Q3 25 | $3.5B | $2.5B | ||
| Q2 25 | $3.0B | $2.5B | ||
| Q1 25 | $2.6B | $2.2B | ||
| Q4 24 | $2.8B | $2.5B | ||
| Q3 24 | $2.8B | $2.9B | ||
| Q2 24 | $2.8B | $2.7B | ||
| Q1 24 | $2.7B | $2.1B |
净利润MOSSTZ
| Q4 25 | $-519.5M | $502.8M | ||
| Q3 25 | $411.4M | $466.0M | ||
| Q2 25 | $410.7M | $516.1M | ||
| Q1 25 | $238.1M | $-375.3M | ||
| Q4 24 | $169.0M | $615.9M | ||
| Q3 24 | $122.2M | $-1.2B | ||
| Q2 24 | $-161.5M | $877.0M | ||
| Q1 24 | $45.2M | $392.4M |
毛利率MOSSTZ
| Q4 25 | 11.5% | 53.2% | ||
| Q3 25 | 16.0% | 52.8% | ||
| Q2 25 | 17.3% | 50.4% | ||
| Q1 25 | 18.6% | 51.5% | ||
| Q4 24 | 10.7% | 52.1% | ||
| Q3 24 | 14.8% | 51.8% | ||
| Q2 24 | 14.0% | 52.7% | ||
| Q1 24 | 14.9% | 48.6% |
营业利润率MOSSTZ
| Q4 25 | -3.4% | 31.1% | ||
| Q3 25 | 9.8% | 35.2% | ||
| Q2 25 | 8.1% | 28.4% | ||
| Q1 25 | 12.9% | -6.9% | ||
| Q4 24 | 3.5% | 32.2% | ||
| Q3 24 | 4.1% | -42.1% | ||
| Q2 24 | 8.3% | 35.4% | ||
| Q1 24 | 6.5% | 29.4% |
净利率MOSSTZ
| Q4 25 | -17.5% | 22.6% | ||
| Q3 25 | 11.9% | 18.8% | ||
| Q2 25 | 13.7% | 20.5% | ||
| Q1 25 | 9.1% | -17.3% | ||
| Q4 24 | 6.0% | 25.0% | ||
| Q3 24 | 4.3% | -41.1% | ||
| Q2 24 | -5.7% | 32.9% | ||
| Q1 24 | 1.7% | 18.3% |
每股收益（稀释后）MOSSTZ
| Q4 25 | $-1.63 | — | ||
| Q3 25 | $1.29 | — | ||
| Q2 25 | $1.29 | — | ||
| Q1 25 | $0.75 | — | ||
| Q4 24 | $0.53 | — | ||
| Q3 24 | $0.38 | — | ||
| Q2 24 | $-0.50 | — | ||
| Q1 24 | $0.14 | — |
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 | $276.6M | $152.4M |
| 总债务越低越好 | $4.3B | $10.3B |
| 股东权益账面价值 | $12.1B | $7.7B |
| 总资产 | $24.5B | $21.7B |
| 负债/权益比越低杠杆越低 | 0.35× | 1.33× |
8季度趋势，按日历期对齐
现金及短期投资MOSSTZ
| Q4 25 | $276.6M | $152.4M | ||
| Q3 25 | $153.3M | $72.0M | ||
| Q2 25 | $286.2M | $73.9M | ||
| Q1 25 | $259.2M | $68.1M | ||
| Q4 24 | $272.8M | $73.7M | ||
| Q3 24 | $301.6M | $64.6M | ||
| Q2 24 | $322.0M | $73.8M | ||
| Q1 24 | $336.7M | $152.4M |
总债务MOSSTZ
| Q4 25 | $4.3B | $10.3B | ||
| Q3 25 | $3.4B | $10.3B | ||
| Q2 25 | $3.3B | $11.2B | ||
| Q1 25 | $3.3B | $10.7B | ||
| Q4 24 | $3.3B | $10.7B | ||
| Q3 24 | $3.2B | $11.1B | ||
| Q2 24 | $3.2B | $11.1B | ||
| Q1 24 | $3.2B | $11.6B |
股东权益MOSSTZ
| Q4 25 | $12.1B | $7.7B | ||
| Q3 25 | $12.8B | $7.5B | ||
| Q2 25 | $12.4B | $7.3B | ||
| Q1 25 | $11.8B | $6.9B | ||
| Q4 24 | $11.5B | $7.8B | ||
| Q3 24 | $11.8B | $7.9B | ||
| Q2 24 | $11.7B | $10.3B | ||
| Q1 24 | $12.0B | $9.7B |
总资产MOSSTZ
| Q4 25 | $24.5B | $21.7B | ||
| Q3 25 | $24.7B | $21.4B | ||
| Q2 25 | $24.3B | $22.3B | ||
| Q1 25 | $23.2B | $21.7B | ||
| Q4 24 | $22.9B | $22.8B | ||
| Q3 24 | $23.3B | $23.1B | ||
| Q2 24 | $22.6B | $26.1B | ||
| Q1 24 | $22.9B | $25.7B |
负债/权益比MOSSTZ
| Q4 25 | 0.35× | 1.33× | ||
| Q3 25 | 0.26× | 1.37× | ||
| Q2 25 | 0.27× | 1.54× | ||
| Q1 25 | 0.28× | 1.55× | ||
| Q4 24 | 0.29× | 1.37× | ||
| Q3 24 | 0.27× | 1.41× | ||
| Q2 24 | 0.27× | 1.08× | ||
| Q1 24 | 0.27× | 1.19× |
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 | $-56.1M | $616.9M |
| 自由现金流经营现金流 - 资本支出 | $-405.7M | $370.9M |
| 自由现金流率自由现金流/营收 | -13.6% | 16.7% |
| 资本支出强度资本支出/营收 | 11.8% | 11.1% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | $-534.6M | $1.8B |
8季度趋势，按日历期对齐
经营现金流MOSSTZ
| Q4 25 | $-56.1M | $616.9M | ||
| Q3 25 | $228.5M | $852.1M | ||
| Q2 25 | $609.5M | $637.2M | ||
| Q1 25 | $42.9M | $594.7M | ||
| Q4 24 | $219.3M | $685.2M | ||
| Q3 24 | $312.9M | $1.2B | ||
| Q2 24 | $847.0M | $690.5M | ||
| Q1 24 | $-80.0M | $433.2M |
自由现金流MOSSTZ
| Q4 25 | $-405.7M | $370.9M | ||
| Q3 25 | $-135.9M | $634.8M | ||
| Q2 25 | $304.9M | $444.4M | ||
| Q1 25 | $-297.9M | $312.1M | ||
| Q4 24 | $-74.8M | $456.8M | ||
| Q3 24 | $72.1M | $854.0M | ||
| Q2 24 | $513.1M | $315.2M | ||
| Q1 24 | $-463.0M | $76.0M |
自由现金流率MOSSTZ
| Q4 25 | -13.6% | 16.7% | ||
| Q3 25 | -3.9% | 25.6% | ||
| Q2 25 | 10.1% | 17.7% | ||
| Q1 25 | -11.4% | 14.4% | ||
| Q4 24 | -2.7% | 18.5% | ||
| Q3 24 | 2.6% | 29.3% | ||
| Q2 24 | 18.2% | 11.8% | ||
| Q1 24 | -17.3% | 3.6% |
资本支出强度MOSSTZ
| Q4 25 | 11.8% | 11.1% | ||
| Q3 25 | 10.6% | 8.8% | ||
| Q2 25 | 10.1% | 7.7% | ||
| Q1 25 | 13.0% | 13.1% | ||
| Q4 24 | 10.4% | 9.3% | ||
| Q3 24 | 8.6% | 11.2% | ||
| Q2 24 | 11.9% | 14.1% | ||
| Q1 24 | 14.3% | 16.7% |
现金转化率MOSSTZ
| Q4 25 | — | 1.23× | ||
| Q3 25 | 0.56× | 1.83× | ||
| Q2 25 | 1.48× | 1.23× | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 1.30× | 1.11× | ||
| Q3 24 | 2.56× | — | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | -1.77× | 1.10× |
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
MOS
暂无分部数据
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
