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奇富科技（QFIN）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
奇富科技的季度营收约是BOSTON BEER CO INC的1.9倍（$731.2M vs $385.7M），奇富科技净利率更高（27.5% vs -5.8%，领先33.4%），过去两年奇富科技的营收复合增速更高（16.4% vs -4.9%）
奇富科技（原360数科）是中国头部金融科技企业，主要为持牌金融机构提供智能风控、信贷技术解决方案，服务广大个人消费者及中小微企业，依托大数据、人工智能技术提升金融服务的普惠性与运营效率。
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。
QFIN vs SAM — 直观对比
营收规模更大
QFIN
是对方的1.9倍
$385.7M
净利率更高
QFIN
高出33.4%
-5.8%
两年增速更快
QFIN
近两年复合增速
-4.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $731.2M | $385.7M |
| 净利润 | $201.2M | $-22.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 32.7% | -8.6% |
| 净利率 | 27.5% | -5.8% |
| 营收同比 | — | -4.1% |
| 净利润同比 | — | 41.9% |
| 每股收益（稀释后） | — | $-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QFINSAM
| Q4 25 | — | $385.7M | ||
| Q3 25 | $731.2M | $537.5M | ||
| Q2 25 | $728.1M | $587.9M | ||
| Q1 25 | $646.4M | $453.9M | ||
| Q4 24 | — | $402.3M | ||
| Q3 24 | $622.7M | $605.5M | ||
| Q2 24 | $572.4M | $579.1M | ||
| Q1 24 | $575.2M | $426.1M |
净利润QFINSAM
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $201.2M | $46.2M | ||
| Q2 25 | $241.6M | $60.4M | ||
| Q1 25 | $247.6M | $24.4M | ||
| Q4 24 | — | $-38.8M | ||
| Q3 24 | $256.3M | $33.5M | ||
| Q2 24 | $189.4M | $52.3M | ||
| Q1 24 | $160.7M | $12.6M |
毛利率QFINSAM
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 46.0% | ||
| Q1 24 | — | 43.7% |
营业利润率QFINSAM
| Q4 25 | — | -8.6% | ||
| Q3 25 | 32.7% | 11.5% | ||
| Q2 25 | 41.0% | 14.0% | ||
| Q1 25 | 42.1% | 7.4% | ||
| Q4 24 | — | -13.9% | ||
| Q3 24 | 52.4% | 7.6% | ||
| Q2 24 | 47.7% | 12.2% | ||
| Q1 24 | 32.8% | 3.6% |
净利率QFINSAM
| Q4 25 | — | -5.8% | ||
| Q3 25 | 27.5% | 8.6% | ||
| Q2 25 | 33.2% | 10.3% | ||
| Q1 25 | 38.3% | 5.4% | ||
| Q4 24 | — | -9.6% | ||
| Q3 24 | 41.2% | 5.5% | ||
| Q2 24 | 33.1% | 9.0% | ||
| Q1 24 | 27.9% | 3.0% |
每股收益（稀释后）QFINSAM
| Q4 25 | — | $-1.97 | ||
| Q3 25 | — | $4.25 | ||
| Q2 25 | — | $5.45 | ||
| Q1 25 | — | $2.16 | ||
| Q4 24 | — | $-3.23 | ||
| Q3 24 | — | $2.86 | ||
| Q2 24 | — | $4.39 | ||
| Q1 24 | — | $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 | $6.5B | $223.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.3B | $846.3M |
| 总资产 | $61.4B | $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QFINSAM
| Q4 25 | — | $223.4M | ||
| Q3 25 | $6.5B | $250.5M | ||
| Q2 25 | $5.3B | $212.4M | ||
| Q1 25 | $8.6B | $152.5M | ||
| Q4 24 | — | $211.8M | ||
| Q3 24 | $4.3B | $255.6M | ||
| Q2 24 | $6.3B | $219.3M | ||
| Q1 24 | $5.3B | $205.4M |
股东权益QFINSAM
| Q4 25 | — | $846.3M | ||
| Q3 25 | $24.3B | $911.0M | ||
| Q2 25 | $24.1B | $912.3M | ||
| Q1 25 | $23.1B | $897.0M | ||
| Q4 24 | — | $916.2M | ||
| Q3 24 | $22.9B | $1.0B | ||
| Q2 24 | $22.6B | $1.0B | ||
| Q1 24 | $22.1B | $1.0B |
总资产QFINSAM
| Q4 25 | — | $1.2B | ||
| Q3 25 | $61.4B | $1.2B | ||
| Q2 25 | $59.8B | $1.3B | ||
| Q1 25 | $55.6B | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $47.0B | $1.4B | ||
| Q2 24 | $47.0B | $1.4B | ||
| Q1 24 | $47.4B | $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 | $351.4M | $39.9M |
| 自由现金流经营现金流 - 资本支出 | — | $22.1M |
| 自由现金流率自由现金流/营收 | — | 5.7% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 现金转化率经营现金流/净利润 | 1.75× | — |
| 过去12个月自由现金流最近4个季度 | — | $215.6M |
8季度趋势，按日历期对齐
经营现金流QFINSAM
| Q4 25 | — | $39.9M | ||
| Q3 25 | $351.4M | $101.8M | ||
| Q2 25 | $366.0M | $126.5M | ||
| Q1 25 | $386.6M | $1.9M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | $338.0M | $115.9M | ||
| Q2 24 | $269.9M | $96.0M | ||
| Q1 24 | $271.2M | $-4.9M |
自由现金流QFINSAM
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $89.2M | ||
| Q2 25 | — | $112.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $18.4M | ||
| Q3 24 | — | $99.2M | ||
| Q2 24 | — | $75.6M | ||
| Q1 24 | — | $-20.6M |
自由现金流率QFINSAM
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | -4.8% |
资本支出强度QFINSAM
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 3.7% |
现金转化率QFINSAM
| Q4 25 | — | — | ||
| Q3 25 | 1.75× | 2.21× | ||
| Q2 25 | 1.52× | 2.09× | ||
| Q1 25 | 1.56× | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.32× | 3.46× | ||
| Q2 24 | 1.43× | 1.83× | ||
| Q1 24 | 1.69× | -0.39× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
