vs
BOSTON BEER CO INC（SAM）与Stitch Fix, Inc.（SFIX）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Stitch Fix, Inc.的1.1倍（$385.7M vs $342.1M），Stitch Fix, Inc.净利率更高（-1.9% vs -5.8%，领先4.0%），Stitch Fix, Inc.同比增速更快（7.3% vs -4.1%），BOSTON BEER CO INC自由现金流更多（$22.1M vs $5.6M），过去两年Stitch Fix, Inc.的营收复合增速更高（1.8% vs -4.9%）
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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
SAM vs SFIX — 直观对比
营收规模更大
SAM
是对方的1.1倍
$342.1M
营收增速更快
SFIX
高出11.4%
-4.1%
净利率更高
SFIX
高出4.0%
-5.8%
自由现金流更多
SAM
多$16.5M
$5.6M
两年增速更快
SFIX
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $385.7M | $342.1M |
| 净利润 | $-22.5M | $-6.4M |
| 毛利率 | 43.5% | 43.6% |
| 营业利润率 | -8.6% | -2.5% |
| 净利率 | -5.8% | -1.9% |
| 营收同比 | -4.1% | 7.3% |
| 净利润同比 | 41.9% | -1.7% |
| 每股收益（稀释后） | $-1.97 | $-0.05 |
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SAMSFIX
| Q4 25 | $385.7M | $342.1M | ||
| Q3 25 | $537.5M | $311.2M | ||
| Q2 25 | $587.9M | $325.0M | ||
| Q1 25 | $453.9M | $312.1M | ||
| Q4 24 | $402.3M | $318.8M | ||
| Q3 24 | $605.5M | $319.6M | ||
| Q2 24 | $579.1M | $322.7M | ||
| Q1 24 | $426.1M | $330.4M |
净利润SAMSFIX
| Q4 25 | $-22.5M | $-6.4M | ||
| Q3 25 | $46.2M | $-8.6M | ||
| Q2 25 | $60.4M | $-7.4M | ||
| Q1 25 | $24.4M | $-6.5M | ||
| Q4 24 | $-38.8M | $-6.3M | ||
| Q3 24 | $33.5M | $-36.5M | ||
| Q2 24 | $52.3M | $-21.3M | ||
| Q1 24 | $12.6M | $-35.5M |
毛利率SAMSFIX
| Q4 25 | 43.5% | 43.6% | ||
| Q3 25 | 50.8% | 43.6% | ||
| Q2 25 | 49.8% | 44.2% | ||
| Q1 25 | 48.3% | 44.5% | ||
| Q4 24 | 39.9% | 45.4% | ||
| Q3 24 | 46.3% | 44.6% | ||
| Q2 24 | 46.0% | 45.5% | ||
| Q1 24 | 43.7% | 43.4% |
营业利润率SAMSFIX
| Q4 25 | -8.6% | -2.5% | ||
| Q3 25 | 11.5% | -3.6% | ||
| Q2 25 | 14.0% | -3.0% | ||
| Q1 25 | 7.4% | -2.9% | ||
| Q4 24 | -13.9% | -2.8% | ||
| Q3 24 | 7.6% | -13.1% | ||
| Q2 24 | 12.2% | -7.7% | ||
| Q1 24 | 3.6% | -11.5% |
净利率SAMSFIX
| Q4 25 | -5.8% | -1.9% | ||
| Q3 25 | 8.6% | -2.8% | ||
| Q2 25 | 10.3% | -2.3% | ||
| Q1 25 | 5.4% | -2.1% | ||
| Q4 24 | -9.6% | -2.0% | ||
| Q3 24 | 5.5% | -11.4% | ||
| Q2 24 | 9.0% | -6.6% | ||
| Q1 24 | 3.0% | -10.8% |
每股收益（稀释后）SAMSFIX
| Q4 25 | $-1.97 | $-0.05 | ||
| Q3 25 | $4.25 | $-0.06 | ||
| Q2 25 | $5.45 | $-0.06 | ||
| Q1 25 | $2.16 | $-0.05 | ||
| Q4 24 | $-3.23 | $-0.05 | ||
| Q3 24 | $2.86 | $-0.29 | ||
| Q2 24 | $4.39 | $-0.18 | ||
| Q1 24 | $1.04 | $-0.30 |
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 | $223.4M | $244.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.3M | $204.1M |
| 总资产 | $1.2B | $530.7M |
| 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SAMSFIX
| Q4 25 | $223.4M | $244.2M | ||
| Q3 25 | $250.5M | $234.9M | ||
| Q2 25 | $212.4M | $234.2M | ||
| Q1 25 | $152.5M | $219.1M | ||
| Q4 24 | $211.8M | $253.3M | ||
| Q3 24 | $255.6M | $247.0M | ||
| Q2 24 | $219.3M | $244.5M | ||
| Q1 24 | $205.4M | $229.8M |
股东权益SAMSFIX
| Q4 25 | $846.3M | $204.1M | ||
| Q3 25 | $911.0M | $203.0M | ||
| Q2 25 | $912.3M | $200.4M | ||
| Q1 25 | $897.0M | $197.8M | ||
| Q4 24 | $916.2M | $190.5M | ||
| Q3 24 | $1.0B | $187.0M | ||
| Q2 24 | $1.0B | $208.9M | ||
| Q1 24 | $1.0B | $213.3M |
总资产SAMSFIX
| Q4 25 | $1.2B | $530.7M | ||
| Q3 25 | $1.2B | $480.6M | ||
| Q2 25 | $1.3B | $484.7M | ||
| Q1 25 | $1.2B | $472.6M | ||
| Q4 24 | $1.3B | $507.1M | ||
| Q3 24 | $1.4B | $486.9M | ||
| Q2 24 | $1.4B | $537.0M | ||
| Q1 24 | $1.4B | $538.3M |
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 | $39.9M | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $22.1M | $5.6M |
| 自由现金流率自由现金流/营收 | 5.7% | 1.6% |
| 资本支出强度资本支出/营收 | 4.6% | 1.6% |
| 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 | $215.6M | $4.9M |
8季度趋势，按日历期对齐
经营现金流SAMSFIX
| Q4 25 | $39.9M | $10.9M | ||
| Q3 25 | $101.8M | $7.0M | ||
| Q2 25 | $126.5M | $20.5M | ||
| Q1 25 | $1.9M | $-16.2M | ||
| Q4 24 | $41.9M | $14.3M | ||
| Q3 24 | $115.9M | $8.2M | ||
| Q2 24 | $96.0M | $21.7M | ||
| Q1 24 | $-4.9M | $-22.3M |
自由现金流SAMSFIX
| Q4 25 | $22.1M | $5.6M | ||
| Q3 25 | $89.2M | $2.8M | ||
| Q2 25 | $112.2M | $16.0M | ||
| Q1 25 | $-8.0M | $-19.4M | ||
| Q4 24 | $18.4M | $9.9M | ||
| Q3 24 | $99.2M | $4.5M | ||
| Q2 24 | $75.6M | $18.9M | ||
| Q1 24 | $-20.6M | $-26.1M |
自由现金流率SAMSFIX
| Q4 25 | 5.7% | 1.6% | ||
| Q3 25 | 16.6% | 0.9% | ||
| Q2 25 | 19.1% | 4.9% | ||
| Q1 25 | -1.8% | -6.2% | ||
| Q4 24 | 4.6% | 3.1% | ||
| Q3 24 | 16.4% | 1.4% | ||
| Q2 24 | 13.1% | 5.9% | ||
| Q1 24 | -4.8% | -7.9% |
资本支出强度SAMSFIX
| Q4 25 | 4.6% | 1.6% | ||
| Q3 25 | 2.3% | 1.4% | ||
| Q2 25 | 2.4% | 1.4% | ||
| Q1 25 | 2.2% | 1.0% | ||
| Q4 24 | 5.8% | 1.4% | ||
| Q3 24 | 2.8% | 1.2% | ||
| Q2 24 | 3.5% | 0.9% | ||
| Q1 24 | 3.7% | 1.1% |
现金转化率SAMSFIX
| Q4 25 | — | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.09× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.46× | — | ||
| Q2 24 | 1.83× | — | ||
| Q1 24 | -0.39× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
