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Monolithic Power Systems（MPWR）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
Monolithic Power Systems的季度营收约是BOSTON BEER CO INC的1.9倍（$751.2M vs $385.7M），Monolithic Power Systems净利率更高（22.9% vs -5.8%，领先28.7%），Monolithic Power Systems同比增速更快（20.8% vs -4.1%），Monolithic Power Systems自由现金流更多（$63.9M vs $22.1M），过去两年Monolithic Power Systems的营收复合增速更高（28.1% vs -4.9%）
Monolithic Power Systems（简称MPS）是一家美国上市企业，总部位于华盛顿州柯克兰市，主营高性能电源管理类产品的研发、生产与销售，目前在全球范围内设有超过15个运营站点，业务覆盖多个国家和地区。
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。
MPWR vs SAM — 直观对比
营收规模更大
MPWR
是对方的1.9倍
$385.7M
营收增速更快
MPWR
高出25.0%
-4.1%
净利率更高
MPWR
高出28.7%
-5.8%
自由现金流更多
MPWR
多$41.8M
$22.1M
两年增速更快
MPWR
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.2M | $385.7M |
| 净利润 | $171.7M | $-22.5M |
| 毛利率 | 55.2% | 43.5% |
| 营业利润率 | 26.6% | -8.6% |
| 净利率 | 22.9% | -5.8% |
| 营收同比 | 20.8% | -4.1% |
| 净利润同比 | -86.3% | 41.9% |
| 每股收益（稀释后） | $3.50 | $-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MPWRSAM
| Q4 25 | $751.2M | $385.7M | ||
| Q3 25 | $737.2M | $537.5M | ||
| Q2 25 | $664.6M | $587.9M | ||
| Q1 25 | $637.6M | $453.9M | ||
| Q4 24 | $621.7M | $402.3M | ||
| Q3 24 | $620.1M | $605.5M | ||
| Q2 24 | $507.4M | $579.1M | ||
| Q1 24 | $457.9M | $426.1M |
净利润MPWRSAM
| Q4 25 | $171.7M | $-22.5M | ||
| Q3 25 | $179.8M | $46.2M | ||
| Q2 25 | $135.0M | $60.4M | ||
| Q1 25 | $135.1M | $24.4M | ||
| Q4 24 | $1.3B | $-38.8M | ||
| Q3 24 | $144.4M | $33.5M | ||
| Q2 24 | $100.4M | $52.3M | ||
| Q1 24 | $92.5M | $12.6M |
毛利率MPWRSAM
| Q4 25 | 55.2% | 43.5% | ||
| Q3 25 | 55.1% | 50.8% | ||
| Q2 25 | 55.1% | 49.8% | ||
| Q1 25 | 55.4% | 48.3% | ||
| Q4 24 | 55.4% | 39.9% | ||
| Q3 24 | 55.4% | 46.3% | ||
| Q2 24 | 55.3% | 46.0% | ||
| Q1 24 | 55.1% | 43.7% |
营业利润率MPWRSAM
| Q4 25 | 26.6% | -8.6% | ||
| Q3 25 | 26.5% | 11.5% | ||
| Q2 25 | 24.8% | 14.0% | ||
| Q1 25 | 26.5% | 7.4% | ||
| Q4 24 | 26.3% | -13.9% | ||
| Q3 24 | 26.5% | 7.6% | ||
| Q2 24 | 23.0% | 12.2% | ||
| Q1 24 | 20.9% | 3.6% |
净利率MPWRSAM
| Q4 25 | 22.9% | -5.8% | ||
| Q3 25 | 24.4% | 8.6% | ||
| Q2 25 | 20.3% | 10.3% | ||
| Q1 25 | 21.2% | 5.4% | ||
| Q4 24 | 201.8% | -9.6% | ||
| Q3 24 | 23.3% | 5.5% | ||
| Q2 24 | 19.8% | 9.0% | ||
| Q1 24 | 20.2% | 3.0% |
每股收益（稀释后）MPWRSAM
| Q4 25 | $3.50 | $-1.97 | ||
| Q3 25 | $3.74 | $4.25 | ||
| Q2 25 | $2.81 | $5.45 | ||
| Q1 25 | $2.81 | $2.16 | ||
| Q4 24 | $25.71 | $-3.23 | ||
| Q3 24 | $2.95 | $2.86 | ||
| Q2 24 | $2.05 | $4.39 | ||
| Q1 24 | $1.89 | $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 | $1.3B | $223.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | $846.3M |
| 总资产 | $4.2B | $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MPWRSAM
| Q4 25 | $1.3B | $223.4M | ||
| Q3 25 | $1.3B | $250.5M | ||
| Q2 25 | $1.1B | $212.4M | ||
| Q1 25 | $1.0B | $152.5M | ||
| Q4 24 | $862.9M | $211.8M | ||
| Q3 24 | $1.5B | $255.6M | ||
| Q2 24 | $1.3B | $219.3M | ||
| Q1 24 | $1.3B | $205.4M |
股东权益MPWRSAM
| Q4 25 | $3.5B | $846.3M | ||
| Q3 25 | $3.4B | $911.0M | ||
| Q2 25 | $3.2B | $912.3M | ||
| Q1 25 | $3.1B | $897.0M | ||
| Q4 24 | $3.0B | $916.2M | ||
| Q3 24 | $2.4B | $1.0B | ||
| Q2 24 | $2.2B | $1.0B | ||
| Q1 24 | $2.1B | $1.0B |
总资产MPWRSAM
| Q4 25 | $4.2B | $1.2B | ||
| Q3 25 | $4.1B | $1.2B | ||
| Q2 25 | $3.9B | $1.3B | ||
| Q1 25 | $3.7B | $1.2B | ||
| Q4 24 | $3.5B | $1.3B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $2.6B | $1.4B | ||
| Q1 24 | $2.6B | $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 | $104.9M | $39.9M |
| 自由现金流经营现金流 - 资本支出 | $63.9M | $22.1M |
| 自由现金流率自由现金流/营收 | 8.5% | 5.7% |
| 资本支出强度资本支出/营收 | 5.5% | 4.6% |
| 现金转化率经营现金流/净利润 | 0.61× | — |
| 过去12个月自由现金流最近4个季度 | $666.2M | $215.6M |
8季度趋势，按日历期对齐
经营现金流MPWRSAM
| Q4 25 | $104.9M | $39.9M | ||
| Q3 25 | $239.3M | $101.8M | ||
| Q2 25 | $237.6M | $126.5M | ||
| Q1 25 | $256.4M | $1.9M | ||
| Q4 24 | $167.7M | $41.9M | ||
| Q3 24 | $231.7M | $115.9M | ||
| Q2 24 | $141.0M | $96.0M | ||
| Q1 24 | $248.1M | $-4.9M |
自由现金流MPWRSAM
| Q4 25 | $63.9M | $22.1M | ||
| Q3 25 | $196.8M | $89.2M | ||
| Q2 25 | $189.5M | $112.2M | ||
| Q1 25 | $216.0M | $-8.0M | ||
| Q4 24 | $102.9M | $18.4M | ||
| Q3 24 | $197.9M | $99.2M | ||
| Q2 24 | $109.5M | $75.6M | ||
| Q1 24 | $232.1M | $-20.6M |
自由现金流率MPWRSAM
| Q4 25 | 8.5% | 5.7% | ||
| Q3 25 | 26.7% | 16.6% | ||
| Q2 25 | 28.5% | 19.1% | ||
| Q1 25 | 33.9% | -1.8% | ||
| Q4 24 | 16.5% | 4.6% | ||
| Q3 24 | 31.9% | 16.4% | ||
| Q2 24 | 21.6% | 13.1% | ||
| Q1 24 | 50.7% | -4.8% |
资本支出强度MPWRSAM
| Q4 25 | 5.5% | 4.6% | ||
| Q3 25 | 5.8% | 2.3% | ||
| Q2 25 | 7.2% | 2.4% | ||
| Q1 25 | 6.3% | 2.2% | ||
| Q4 24 | 10.4% | 5.8% | ||
| Q3 24 | 5.5% | 2.8% | ||
| Q2 24 | 6.2% | 3.5% | ||
| Q1 24 | 3.5% | 3.7% |
现金转化率MPWRSAM
| Q4 25 | 0.61× | — | ||
| Q3 25 | 1.33× | 2.21× | ||
| Q2 25 | 1.76× | 2.09× | ||
| Q1 25 | 1.90× | 0.08× | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 1.60× | 3.46× | ||
| Q2 24 | 1.40× | 1.83× | ||
| Q1 24 | 2.68× | -0.39× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
