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PEGASYSTEMS INC（PEGA）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PEGASYSTEMS INC的1.1倍（$461.6M vs $430.0M），BOSTON BEER CO INC同比增速更快（-4.1% vs -9.6%），过去两年PEGASYSTEMS INC的营收复合增速更高（10.7% vs -10.7%）
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
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。
PEGA vs SAM — 直观对比
营收规模更大
SAM
是对方的1.1倍
$430.0M
营收增速更快
SAM
高出5.5%
-9.6%
两年增速更快
PEGA
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $430.0M | $461.6M |
| 净利润 | $32.8M | — |
| 毛利率 | 75.2% | 46.4% |
| 营业利润率 | 8.6% | 12.4% |
| 净利率 | 7.6% | — |
| 营收同比 | -9.6% | -4.1% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.18 | $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PEGASAM
| Q1 26 | $430.0M | $461.6M | ||
| Q4 25 | $504.3M | $385.7M | ||
| Q3 25 | $381.4M | $537.5M | ||
| Q2 25 | $384.5M | $587.9M | ||
| Q1 25 | $475.6M | $453.9M | ||
| Q4 24 | $490.8M | $402.3M | ||
| Q3 24 | $325.1M | $605.5M | ||
| Q2 24 | $351.2M | $579.1M |
净利润PEGASAM
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $-22.5M | ||
| Q3 25 | $43.4M | $46.2M | ||
| Q2 25 | $30.1M | $60.4M | ||
| Q1 25 | $85.4M | $24.4M | ||
| Q4 24 | $119.1M | $-38.8M | ||
| Q3 24 | $-14.4M | $33.5M | ||
| Q2 24 | $6.6M | $52.3M |
毛利率PEGASAM
| Q1 26 | 75.2% | 46.4% | ||
| Q4 25 | 79.5% | 43.5% | ||
| Q3 25 | 72.2% | 50.8% | ||
| Q2 25 | 71.5% | 49.8% | ||
| Q1 25 | 78.5% | 48.3% | ||
| Q4 24 | 79.1% | 39.9% | ||
| Q3 24 | 70.2% | 46.3% | ||
| Q2 24 | 72.4% | 46.0% |
营业利润率PEGASAM
| Q1 26 | 8.6% | 12.4% | ||
| Q4 25 | 20.7% | -8.6% | ||
| Q3 25 | 3.8% | 11.5% | ||
| Q2 25 | 4.5% | 14.0% | ||
| Q1 25 | 26.7% | 7.4% | ||
| Q4 24 | 29.1% | -13.9% | ||
| Q3 24 | -3.6% | 7.6% | ||
| Q2 24 | 3.7% | 12.2% |
净利率PEGASAM
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | -5.8% | ||
| Q3 25 | 11.4% | 8.6% | ||
| Q2 25 | 7.8% | 10.3% | ||
| Q1 25 | 18.0% | 5.4% | ||
| Q4 24 | 24.3% | -9.6% | ||
| Q3 24 | -4.4% | 5.5% | ||
| Q2 24 | 1.9% | 9.0% |
每股收益（稀释后）PEGASAM
| Q1 26 | $0.18 | $2.16 | ||
| Q4 25 | $0.81 | $-1.97 | ||
| Q3 25 | $0.24 | $4.25 | ||
| Q2 25 | $0.17 | $5.45 | ||
| Q1 25 | $0.91 | $2.16 | ||
| Q4 24 | $1.35 | $-3.23 | ||
| Q3 24 | $-0.17 | $2.86 | ||
| Q2 24 | $0.07 | $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 | $270.0M | $164.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $705.9M | $682.6M |
| 总资产 | $1.6B | $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PEGASAM
| Q1 26 | $270.0M | $164.1M | ||
| Q4 25 | $425.8M | $223.4M | ||
| Q3 25 | $351.4M | $250.5M | ||
| Q2 25 | $411.6M | $212.4M | ||
| Q1 25 | $371.7M | $152.5M | ||
| Q4 24 | $740.0M | $211.8M | ||
| Q3 24 | $703.0M | $255.6M | ||
| Q2 24 | $665.1M | $219.3M |
股东权益PEGASAM
| Q1 26 | $705.9M | $682.6M | ||
| Q4 25 | $787.4M | $846.3M | ||
| Q3 25 | $596.8M | $911.0M | ||
| Q2 25 | $624.5M | $912.3M | ||
| Q1 25 | $611.3M | $897.0M | ||
| Q4 24 | $585.5M | $916.2M | ||
| Q3 24 | $473.0M | $1.0B | ||
| Q2 24 | $435.4M | $1.0B |
总资产PEGASAM
| Q1 26 | $1.6B | $1.2B | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.5B | $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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $206.5M | — |
| 自由现金流率自由现金流/营收 | 48.0% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $494.9M | — |
8季度趋势，按日历期对齐
经营现金流PEGASAM
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $39.9M | ||
| Q3 25 | $56.3M | $101.8M | ||
| Q2 25 | $86.3M | $126.5M | ||
| Q1 25 | $204.2M | $1.9M | ||
| Q4 24 | $95.2M | $41.9M | ||
| Q3 24 | $30.5M | $115.9M | ||
| Q2 24 | $40.1M | $96.0M |
自由现金流PEGASAM
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $22.1M | ||
| Q3 25 | $51.8M | $89.2M | ||
| Q2 25 | $84.1M | $112.2M | ||
| Q1 25 | $202.3M | $-8.0M | ||
| Q4 24 | $92.4M | $18.4M | ||
| Q3 24 | $27.4M | $99.2M | ||
| Q2 24 | $38.8M | $75.6M |
自由现金流率PEGASAM
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 5.7% | ||
| Q3 25 | 13.6% | 16.6% | ||
| Q2 25 | 21.9% | 19.1% | ||
| Q1 25 | 42.5% | -1.8% | ||
| Q4 24 | 18.8% | 4.6% | ||
| Q3 24 | 8.4% | 16.4% | ||
| Q2 24 | 11.1% | 13.1% |
资本支出强度PEGASAM
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 1.2% | 2.3% | ||
| Q2 25 | 0.6% | 2.4% | ||
| Q1 25 | 0.4% | 2.2% | ||
| Q4 24 | 0.6% | 5.8% | ||
| Q3 24 | 0.9% | 2.8% | ||
| Q2 24 | 0.4% | 3.5% |
现金转化率PEGASAM
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | — | ||
| Q3 25 | 1.30× | 2.21× | ||
| Q2 25 | 2.87× | 2.09× | ||
| Q1 25 | 2.39× | 0.08× | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | 6.06× | 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
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
SAM
暂无分部数据
