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Post Holdings, Inc.（POST）与Constellation Brands（STZ）财务数据对比。点击上方公司名可切换其他公司
Constellation Brands的季度营收约是Post Holdings, Inc.的1.0倍（$2.2B vs $2.2B），Constellation Brands净利率更高（22.6% vs 4.5%，领先18.2%），Post Holdings, Inc.同比增速更快（10.1% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $119.3M），过去两年Post Holdings, Inc.的营收复合增速更高（4.3% vs 1.9%）
Post Holdings, Inc.是美国头部包装消费品食品生产商，旗下拥有知名食品业务板块Post Consumer Brands，总部坐落于明尼苏达州莱克维尔，其生产的食品类快消品覆盖北美及全球多个市场，深受消费者喜爱。
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。
POST vs STZ — 直观对比
营收规模更大
STZ
是对方的1.0倍
$2.2B
营收增速更快
POST
高出19.9%
-9.8%
净利率更高
STZ
高出18.2%
4.5%
自由现金流更多
STZ
多$251.6M
$119.3M
两年增速更快
POST
近两年复合增速
1.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.2B |
| 净利润 | $96.8M | $502.8M |
| 毛利率 | 29.4% | 53.2% |
| 营业利润率 | 11.0% | 31.1% |
| 净利率 | 4.5% | 22.6% |
| 营收同比 | 10.1% | -9.8% |
| 净利润同比 | -14.6% | -18.4% |
| 每股收益（稀释后） | $1.71 | — |
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POSTSTZ
| Q4 25 | $2.2B | $2.2B | ||
| Q3 25 | $2.2B | $2.5B | ||
| Q2 25 | $2.0B | $2.5B | ||
| Q1 25 | $2.0B | $2.2B | ||
| Q4 24 | $2.0B | $2.5B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $1.9B | $2.7B | ||
| Q1 24 | $2.0B | $2.1B |
净利润POSTSTZ
| Q4 25 | $96.8M | $502.8M | ||
| Q3 25 | $51.0M | $466.0M | ||
| Q2 25 | $108.8M | $516.1M | ||
| Q1 25 | $62.6M | $-375.3M | ||
| Q4 24 | $113.3M | $615.9M | ||
| Q3 24 | $81.6M | $-1.2B | ||
| Q2 24 | $99.8M | $877.0M | ||
| Q1 24 | $97.2M | $392.4M |
毛利率POSTSTZ
| Q4 25 | 29.4% | 53.2% | ||
| Q3 25 | 26.8% | 52.8% | ||
| Q2 25 | 30.0% | 50.4% | ||
| Q1 25 | 28.0% | 51.5% | ||
| Q4 24 | 30.1% | 52.1% | ||
| Q3 24 | 28.6% | 51.8% | ||
| Q2 24 | 29.6% | 52.7% | ||
| Q1 24 | 29.0% | 48.6% |
营业利润率POSTSTZ
| Q4 25 | 11.0% | 31.1% | ||
| Q3 25 | 7.5% | 35.2% | ||
| Q2 25 | 11.8% | 28.4% | ||
| Q1 25 | 9.3% | -6.9% | ||
| Q4 24 | 10.8% | 32.2% | ||
| Q3 24 | 9.5% | -42.1% | ||
| Q2 24 | 10.4% | 35.4% | ||
| Q1 24 | 9.5% | 29.4% |
净利率POSTSTZ
| Q4 25 | 4.5% | 22.6% | ||
| Q3 25 | 2.3% | 18.8% | ||
| Q2 25 | 5.5% | 20.5% | ||
| Q1 25 | 3.2% | -17.3% | ||
| Q4 24 | 5.7% | 25.0% | ||
| Q3 24 | 4.1% | -41.1% | ||
| Q2 24 | 5.1% | 32.9% | ||
| Q1 24 | 4.9% | 18.3% |
每股收益（稀释后）POSTSTZ
| Q4 25 | $1.71 | — | ||
| Q3 25 | $0.91 | — | ||
| Q2 25 | $1.79 | — | ||
| Q1 25 | $1.03 | — | ||
| Q4 24 | $1.78 | — | ||
| Q3 24 | $1.28 | — | ||
| Q2 24 | $1.53 | — | ||
| Q1 24 | $1.48 | — |
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 | $279.3M | $152.4M |
| 总债务越低越好 | $7.5B | $10.3B |
| 股东权益账面价值 | $3.5B | $7.7B |
| 总资产 | $13.0B | $21.7B |
| 负债/权益比越低杠杆越低 | 2.16× | 1.33× |
8季度趋势，按日历期对齐
现金及短期投资POSTSTZ
| Q4 25 | $279.3M | $152.4M | ||
| Q3 25 | $176.7M | $72.0M | ||
| Q2 25 | $1.1B | $73.9M | ||
| Q1 25 | $617.6M | $68.1M | ||
| Q4 24 | $872.9M | $73.7M | ||
| Q3 24 | $787.4M | $64.6M | ||
| Q2 24 | $333.8M | $73.8M | ||
| Q1 24 | $333.4M | $152.4M |
总债务POSTSTZ
| Q4 25 | $7.5B | $10.3B | ||
| Q3 25 | $7.4B | $10.3B | ||
| Q2 25 | $7.3B | $11.2B | ||
| Q1 25 | $6.9B | $10.7B | ||
| Q4 24 | $6.9B | $10.7B | ||
| Q3 24 | $6.8B | $11.1B | ||
| Q2 24 | $6.4B | $11.1B | ||
| Q1 24 | $6.4B | $11.6B |
股东权益POSTSTZ
| Q4 25 | $3.5B | $7.7B | ||
| Q3 25 | $3.8B | $7.5B | ||
| Q2 25 | $4.0B | $7.3B | ||
| Q1 25 | $3.8B | $6.9B | ||
| Q4 24 | $3.9B | $7.8B | ||
| Q3 24 | $4.1B | $7.9B | ||
| Q2 24 | $3.9B | $10.3B | ||
| Q1 24 | $4.0B | $9.7B |
总资产POSTSTZ
| Q4 25 | $13.0B | $21.7B | ||
| Q3 25 | $13.5B | $21.4B | ||
| Q2 25 | $13.4B | $22.3B | ||
| Q1 25 | $12.8B | $21.7B | ||
| Q4 24 | $12.8B | $22.8B | ||
| Q3 24 | $12.9B | $23.1B | ||
| Q2 24 | $12.1B | $26.1B | ||
| Q1 24 | $12.2B | $25.7B |
负债/权益比POSTSTZ
| Q4 25 | 2.16× | 1.33× | ||
| Q3 25 | 1.98× | 1.37× | ||
| Q2 25 | 1.84× | 1.54× | ||
| Q1 25 | 1.81× | 1.55× | ||
| Q4 24 | 1.79× | 1.37× | ||
| Q3 24 | 1.67× | 1.41× | ||
| Q2 24 | 1.62× | 1.08× | ||
| Q1 24 | 1.61× | 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 | $235.7M | $616.9M |
| 自由现金流经营现金流 - 资本支出 | $119.3M | $370.9M |
| 自由现金流率自由现金流/营收 | 5.5% | 16.7% |
| 资本支出强度资本支出/营收 | 5.4% | 11.1% |
| 现金转化率经营现金流/净利润 | 2.43× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $436.0M | $1.8B |
8季度趋势，按日历期对齐
经营现金流POSTSTZ
| Q4 25 | $235.7M | $616.9M | ||
| Q3 25 | $301.3M | $852.1M | ||
| Q2 25 | $225.9M | $637.2M | ||
| Q1 25 | $160.7M | $594.7M | ||
| Q4 24 | $310.4M | $685.2M | ||
| Q3 24 | $235.4M | $1.2B | ||
| Q2 24 | $272.3M | $690.5M | ||
| Q1 24 | $249.6M | $433.2M |
自由现金流POSTSTZ
| Q4 25 | $119.3M | $370.9M | ||
| Q3 25 | $151.6M | $634.8M | ||
| Q2 25 | $94.9M | $444.4M | ||
| Q1 25 | $70.2M | $312.1M | ||
| Q4 24 | $171.4M | $456.8M | ||
| Q3 24 | $96.2M | $854.0M | ||
| Q2 24 | $161.5M | $315.2M | ||
| Q1 24 | $150.9M | $76.0M |
自由现金流率POSTSTZ
| Q4 25 | 5.5% | 16.7% | ||
| Q3 25 | 6.7% | 25.6% | ||
| Q2 25 | 4.8% | 17.7% | ||
| Q1 25 | 3.6% | 14.4% | ||
| Q4 24 | 8.7% | 18.5% | ||
| Q3 24 | 4.8% | 29.3% | ||
| Q2 24 | 8.3% | 11.8% | ||
| Q1 24 | 7.5% | 3.6% |
资本支出强度POSTSTZ
| Q4 25 | 5.4% | 11.1% | ||
| Q3 25 | 6.7% | 8.8% | ||
| Q2 25 | 6.6% | 7.7% | ||
| Q1 25 | 4.6% | 13.1% | ||
| Q4 24 | 7.0% | 9.3% | ||
| Q3 24 | 6.9% | 11.2% | ||
| Q2 24 | 5.7% | 14.1% | ||
| Q1 24 | 4.9% | 16.7% |
现金转化率POSTSTZ
| Q4 25 | 2.43× | 1.23× | ||
| Q3 25 | 5.91× | 1.83× | ||
| Q2 25 | 2.08× | 1.23× | ||
| Q1 25 | 2.57× | — | ||
| Q4 24 | 2.74× | 1.11× | ||
| Q3 24 | 2.88× | — | ||
| Q2 24 | 2.73× | 0.79× | ||
| Q1 24 | 2.57× | 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
POST
| Post Consumer Brands Segment | $1.1B | 51% |
| Pet Food | $360.4M | 17% |
| Side Dishes | $221.5M | 10% |
| Weetabix | $137.9M | 6% |
| Other | $122.1M | 6% |
| Nut Butters | $105.8M | 5% |
| Sausage | $53.1M | 2% |
| Cheeseand Dairy | $41.3M | 2% |
| Protein Based Shakes | $29.3M | 1% |
| Bell Ring | $18.1M | 1% |
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
