vs
BOSTON BEER CO INC（SAM）与null（SDHC）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null的1.8倍（$461.6M vs $260.4M），BOSTON BEER CO INC同比增速更快（-4.1% vs -9.4%），过去两年null的营收复合增速更高（17.3% vs -10.7%）
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。
史密斯韦森品牌公司是美国的枪械制造商，总部位于美国田纳西州玛丽维尔，是该领域历史悠久且知名的生产企业，在民用及警用枪械市场拥有较高的认可度。
SAM vs SDHC — 直观对比
营收规模更大
SAM
是对方的1.8倍
$260.4M
营收增速更快
SAM
高出5.3%
-9.4%
两年增速更快
SDHC
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $461.6M | $260.4M |
| 净利润 | — | $3.5M |
| 毛利率 | 46.4% | 19.9% |
| 营业利润率 | 12.4% | 6.5% |
| 净利率 | — | 1.4% |
| 营收同比 | -4.1% | -9.4% |
| 净利润同比 | — | -14.3% |
| 每股收益（稀释后） | $2.16 | $0.39 |
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SAMSDHC
| Q1 26 | $461.6M | — | ||
| Q4 25 | $385.7M | $260.4M | ||
| Q3 25 | $537.5M | $262.0M | ||
| Q2 25 | $587.9M | $223.9M | ||
| Q1 25 | $453.9M | $224.7M | ||
| Q4 24 | $402.3M | $287.5M | ||
| Q3 24 | $605.5M | $277.8M | ||
| Q2 24 | $579.1M | $220.9M |
净利润SAMSDHC
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $3.5M | ||
| Q3 25 | $46.2M | $2.1M | ||
| Q2 25 | $60.4M | $2.4M | ||
| Q1 25 | $24.4M | $2.7M | ||
| Q4 24 | $-38.8M | $4.1M | ||
| Q3 24 | $33.5M | $5.3M | ||
| Q2 24 | $52.3M | $3.6M |
毛利率SAMSDHC
| Q1 26 | 46.4% | — | ||
| Q4 25 | 43.5% | 19.9% | ||
| Q3 25 | 50.8% | 21.0% | ||
| Q2 25 | 49.8% | 23.2% | ||
| Q1 25 | 48.3% | 23.8% | ||
| Q4 24 | 39.9% | 25.5% | ||
| Q3 24 | 46.3% | 26.5% | ||
| Q2 24 | 46.0% | 26.7% |
营业利润率SAMSDHC
| Q1 26 | 12.4% | — | ||
| Q4 25 | -8.6% | 6.5% | ||
| Q3 25 | 11.5% | 6.6% | ||
| Q2 25 | 14.0% | 7.7% | ||
| Q1 25 | 7.4% | 8.7% | ||
| Q4 24 | -13.9% | 10.4% | ||
| Q3 24 | 7.6% | 14.2% | ||
| Q2 24 | 12.2% | 11.7% |
净利率SAMSDHC
| Q1 26 | — | — | ||
| Q4 25 | -5.8% | 1.4% | ||
| Q3 25 | 8.6% | 0.8% | ||
| Q2 25 | 10.3% | 1.1% | ||
| Q1 25 | 5.4% | 1.2% | ||
| Q4 24 | -9.6% | 1.4% | ||
| Q3 24 | 5.5% | 1.9% | ||
| Q2 24 | 9.0% | 1.7% |
每股收益（稀释后）SAMSDHC
| Q1 26 | $2.16 | — | ||
| Q4 25 | $-1.97 | $0.39 | ||
| Q3 25 | $4.25 | $0.24 | ||
| Q2 25 | $5.45 | $0.26 | ||
| Q1 25 | $2.16 | $0.30 | ||
| Q4 24 | $-3.23 | $0.50 | ||
| Q3 24 | $2.86 | $0.58 | ||
| Q2 24 | $4.39 | $0.40 |
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 | $12.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $682.6M | $86.7M |
| 总资产 | $1.2B | $557.6M |
| 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SAMSDHC
| Q1 26 | $164.1M | — | ||
| Q4 25 | $223.4M | $12.7M | ||
| Q3 25 | $250.5M | $14.8M | ||
| Q2 25 | $212.4M | $16.8M | ||
| Q1 25 | $152.5M | $12.7M | ||
| Q4 24 | $211.8M | $22.4M | ||
| Q3 24 | $255.6M | $23.7M | ||
| Q2 24 | $219.3M | $17.3M |
股东权益SAMSDHC
| Q1 26 | $682.6M | — | ||
| Q4 25 | $846.3M | $86.7M | ||
| Q3 25 | $911.0M | $82.2M | ||
| Q2 25 | $912.3M | $80.0M | ||
| Q1 25 | $897.0M | $76.9M | ||
| Q4 24 | $916.2M | $73.6M | ||
| Q3 24 | $1.0B | $68.4M | ||
| Q2 24 | $1.0B | $62.1M |
总资产SAMSDHC
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $557.6M | ||
| Q3 25 | $1.2B | $571.6M | ||
| Q2 25 | $1.3B | $570.2M | ||
| Q1 25 | $1.2B | $513.9M | ||
| Q4 24 | $1.3B | $475.9M | ||
| Q3 24 | $1.4B | $460.1M | ||
| Q2 24 | $1.4B | $429.3M |
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 | — | $9.8M |
| 自由现金流经营现金流 - 资本支出 | — | $8.7M |
| 自由现金流率自由现金流/营收 | — | 3.4% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 2.77× |
| 过去12个月自由现金流最近4个季度 | — | $-36.9M |
8季度趋势，按日历期对齐
经营现金流SAMSDHC
| Q1 26 | — | — | ||
| Q4 25 | $39.9M | $9.8M | ||
| Q3 25 | $101.8M | $22.8M | ||
| Q2 25 | $126.5M | $-28.9M | ||
| Q1 25 | $1.9M | $-34.9M | ||
| Q4 24 | $41.9M | $5.5M | ||
| Q3 24 | $115.9M | $22.9M | ||
| Q2 24 | $96.0M | $39.0K |
自由现金流SAMSDHC
| Q1 26 | — | — | ||
| Q4 25 | $22.1M | $8.7M | ||
| Q3 25 | $89.2M | $21.4M | ||
| Q2 25 | $112.2M | $-31.1M | ||
| Q1 25 | $-8.0M | $-35.9M | ||
| Q4 24 | $18.4M | $4.8M | ||
| Q3 24 | $99.2M | $22.3M | ||
| Q2 24 | $75.6M | $-2.1M |
自由现金流率SAMSDHC
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 3.4% | ||
| Q3 25 | 16.6% | 8.2% | ||
| Q2 25 | 19.1% | -13.9% | ||
| Q1 25 | -1.8% | -16.0% | ||
| Q4 24 | 4.6% | 1.7% | ||
| Q3 24 | 16.4% | 8.0% | ||
| Q2 24 | 13.1% | -1.0% |
资本支出强度SAMSDHC
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 0.4% | ||
| Q3 25 | 2.3% | 0.5% | ||
| Q2 25 | 2.4% | 0.9% | ||
| Q1 25 | 2.2% | 0.5% | ||
| Q4 24 | 5.8% | 0.2% | ||
| Q3 24 | 2.8% | 0.2% | ||
| Q2 24 | 3.5% | 1.0% |
现金转化率SAMSDHC
| Q1 26 | — | — | ||
| Q4 25 | — | 2.77× | ||
| Q3 25 | 2.21× | 10.70× | ||
| Q2 25 | 2.09× | -12.24× | ||
| Q1 25 | 0.08× | -13.01× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | 3.46× | 4.28× | ||
| Q2 24 | 1.83× | 0.01× |
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
SAM
暂无分部数据
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
