vs
NATIONAL FUEL GAS CO（NFG）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
BOSTON BEER CO INC的季度营收约是NATIONAL FUEL GAS CO的1.1倍（$461.6M vs $425.9M），NATIONAL FUEL GAS CO同比增速更快（1.7% vs -4.1%），过去两年NATIONAL FUEL GAS CO的营收复合增速更高（12.1% vs -10.7%）
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
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。
NFG vs SAM — 直观对比
营收规模更大
SAM
是对方的1.1倍
$425.9M
营收增速更快
NFG
高出5.8%
-4.1%
两年增速更快
NFG
近两年复合增速
-10.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $425.9M | $461.6M |
| 净利润 | $152.0M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 81.5% | 12.4% |
| 净利率 | 35.7% | — |
| 营收同比 | 1.7% | -4.1% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $1.59 | $2.16 |
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NFGSAM
| Q1 26 | $425.9M | $461.6M | ||
| Q4 25 | $637.9M | $385.7M | ||
| Q3 25 | $443.1M | $537.5M | ||
| Q2 25 | $527.4M | $587.9M | ||
| Q1 25 | $734.8M | $453.9M | ||
| Q4 24 | $513.8M | $402.3M | ||
| Q3 24 | $310.0M | $605.5M | ||
| Q2 24 | $338.6M | $579.1M |
净利润NFGSAM
| Q1 26 | $152.0M | — | ||
| Q4 25 | $181.6M | $-22.5M | ||
| Q3 25 | $107.3M | $46.2M | ||
| Q2 25 | $149.8M | $60.4M | ||
| Q1 25 | $216.4M | $24.4M | ||
| Q4 24 | $45.0M | $-38.8M | ||
| Q3 24 | $-167.6M | $33.5M | ||
| Q2 24 | $-54.2M | $52.3M |
毛利率NFGSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 86.6% | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | 94.7% | 49.8% | ||
| Q1 25 | 81.6% | 48.3% | ||
| Q4 24 | 87.3% | 39.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | 98.5% | 46.0% |
营业利润率NFGSAM
| Q1 26 | 81.5% | 12.4% | ||
| Q4 25 | 43.3% | -8.6% | ||
| Q3 25 | 40.6% | 11.5% | ||
| Q2 25 | 43.7% | 14.0% | ||
| Q1 25 | 43.2% | 7.4% | ||
| Q4 24 | 16.8% | -13.9% | ||
| Q3 24 | -63.4% | 7.6% | ||
| Q2 24 | -15.2% | 12.2% |
净利率NFGSAM
| Q1 26 | 35.7% | — | ||
| Q4 25 | 28.5% | -5.8% | ||
| Q3 25 | 24.2% | 8.6% | ||
| Q2 25 | 28.4% | 10.3% | ||
| Q1 25 | 29.4% | 5.4% | ||
| Q4 24 | 8.8% | -9.6% | ||
| Q3 24 | -54.1% | 5.5% | ||
| Q2 24 | -16.0% | 9.0% |
每股收益（稀释后）NFGSAM
| Q1 26 | $1.59 | $2.16 | ||
| Q4 25 | $1.98 | $-1.97 | ||
| Q3 25 | $1.18 | $4.25 | ||
| Q2 25 | $1.64 | $5.45 | ||
| Q1 25 | $2.37 | $2.16 | ||
| Q4 24 | $0.49 | $-3.23 | ||
| Q3 24 | $-1.81 | $2.86 | ||
| Q2 24 | $-0.59 | $4.39 |
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 | — | $164.1M |
| 总债务越低越好 | $300.0M | — |
| 股东权益账面价值 | — | $682.6M |
| 总资产 | $9.1B | $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NFGSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $271.4M | $223.4M | ||
| Q3 25 | $43.2M | $250.5M | ||
| Q2 25 | $39.3M | $212.4M | ||
| Q1 25 | $40.0M | $152.5M | ||
| Q4 24 | $48.7M | $211.8M | ||
| Q3 24 | $38.2M | $255.6M | ||
| Q2 24 | $81.4M | $219.3M |
总债务NFGSAM
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — |
股东权益NFGSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $3.6B | $846.3M | ||
| Q3 25 | $3.1B | $911.0M | ||
| Q2 25 | $3.0B | $912.3M | ||
| Q1 25 | $2.8B | $897.0M | ||
| Q4 24 | $-76.2M | $916.2M | ||
| Q3 24 | $-15.5M | $1.0B | ||
| Q2 24 | $5.0M | $1.0B |
总资产NFGSAM
| Q1 26 | $9.1B | $1.2B | ||
| Q4 25 | $9.2B | $1.2B | ||
| Q3 25 | $8.7B | $1.2B | ||
| Q2 25 | $8.4B | $1.3B | ||
| Q1 25 | $8.5B | $1.2B | ||
| Q4 24 | $8.3B | $1.3B | ||
| Q3 24 | $8.3B | $1.4B | ||
| Q2 24 | $8.5B | $1.4B |
负债/权益比NFGSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 532.10× | — |
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 | $657.3M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 117.0% | — |
| 现金转化率经营现金流/净利润 | 4.32× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流NFGSAM
| Q1 26 | $657.3M | — | ||
| Q4 25 | $274.9M | $39.9M | ||
| Q3 25 | $237.8M | $101.8M | ||
| Q2 25 | $388.4M | $126.5M | ||
| Q1 25 | $253.8M | $1.9M | ||
| Q4 24 | $220.1M | $41.9M | ||
| Q3 24 | $197.9M | $115.9M | ||
| Q2 24 | $281.8M | $96.0M |
自由现金流NFGSAM
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $22.1M | ||
| Q3 25 | $-47.8M | $89.2M | ||
| Q2 25 | $195.3M | $112.2M | ||
| Q1 25 | $59.9M | $-8.0M | ||
| Q4 24 | $-20.3M | $18.4M | ||
| Q3 24 | $-49.1M | $99.2M | ||
| Q2 24 | $79.5M | $75.6M |
自由现金流率NFGSAM
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 5.7% | ||
| Q3 25 | -10.8% | 16.6% | ||
| Q2 25 | 37.0% | 19.1% | ||
| Q1 25 | 8.2% | -1.8% | ||
| Q4 24 | -4.0% | 4.6% | ||
| Q3 24 | -15.8% | 16.4% | ||
| Q2 24 | 23.5% | 13.1% |
资本支出强度NFGSAM
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 4.6% | ||
| Q3 25 | 64.4% | 2.3% | ||
| Q2 25 | 36.6% | 2.4% | ||
| Q1 25 | 26.4% | 2.2% | ||
| Q4 24 | 46.8% | 5.8% | ||
| Q3 24 | 79.7% | 2.8% | ||
| Q2 24 | 59.7% | 3.5% |
现金转化率NFGSAM
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | — | ||
| Q3 25 | 2.21× | 2.21× | ||
| Q2 25 | 2.59× | 2.09× | ||
| Q1 25 | 1.17× | 0.08× | ||
| Q4 24 | 4.89× | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | — | 1.83× |
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
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
SAM
暂无分部数据
