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BOSTON BEER CO INC（SAM）与Sylvamo Corp（SLVM）财务数据对比。点击上方公司名可切换其他公司
Sylvamo Corp的季度营收约是BOSTON BEER CO INC的1.9倍（$890.0M vs $461.6M），BOSTON BEER CO INC同比增速更快（-4.1% vs -8.2%），过去两年Sylvamo Corp的营收复合增速更高（-0.8% 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。
西尔瓦莫公司是全球领先的可持续纸浆与纸品生产商，核心产品包括非涂布印刷纸、包装纸及商用纸浆，业务覆盖北美、欧洲、拉美地区，服务办公耗材、出版、商业印刷、包装等多个领域。
SAM vs SLVM — 直观对比
营收规模更大
SLVM
是对方的1.9倍
$461.6M
营收增速更快
SAM
高出4.1%
-8.2%
两年增速更快
SLVM
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $461.6M | $890.0M |
| 净利润 | — | $33.0M |
| 毛利率 | 46.4% | — |
| 营业利润率 | 12.4% | 8.9% |
| 净利率 | — | 3.7% |
| 营收同比 | -4.1% | -8.2% |
| 净利润同比 | — | -59.3% |
| 每股收益（稀释后） | $2.16 | $0.81 |
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SAMSLVM
| Q1 26 | $461.6M | — | ||
| Q4 25 | $385.7M | $890.0M | ||
| Q3 25 | $537.5M | $846.0M | ||
| Q2 25 | $587.9M | $794.0M | ||
| Q1 25 | $453.9M | $821.0M | ||
| Q4 24 | $402.3M | $970.0M | ||
| Q3 24 | $605.5M | $965.0M | ||
| Q2 24 | $579.1M | $933.0M |
净利润SAMSLVM
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $33.0M | ||
| Q3 25 | $46.2M | $57.0M | ||
| Q2 25 | $60.4M | $15.0M | ||
| Q1 25 | $24.4M | $27.0M | ||
| Q4 24 | $-38.8M | $81.0M | ||
| Q3 24 | $33.5M | $95.0M | ||
| Q2 24 | $52.3M | $83.0M |
毛利率SAMSLVM
| Q1 26 | 46.4% | — | ||
| 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% | — |
营业利润率SAMSLVM
| Q1 26 | 12.4% | — | ||
| Q4 25 | -8.6% | 8.9% | ||
| Q3 25 | 11.5% | 11.6% | ||
| Q2 25 | 14.0% | 3.8% | ||
| Q1 25 | 7.4% | 5.4% | ||
| Q4 24 | -13.9% | 11.2% | ||
| Q3 24 | 7.6% | 15.5% | ||
| Q2 24 | 12.2% | 13.1% |
净利率SAMSLVM
| Q1 26 | — | — | ||
| Q4 25 | -5.8% | 3.7% | ||
| Q3 25 | 8.6% | 6.7% | ||
| Q2 25 | 10.3% | 1.9% | ||
| Q1 25 | 5.4% | 3.3% | ||
| Q4 24 | -9.6% | 8.4% | ||
| Q3 24 | 5.5% | 9.8% | ||
| Q2 24 | 9.0% | 8.9% |
每股收益（稀释后）SAMSLVM
| Q1 26 | $2.16 | — | ||
| Q4 25 | $-1.97 | $0.81 | ||
| Q3 25 | $4.25 | $1.41 | ||
| Q2 25 | $5.45 | $0.37 | ||
| Q1 25 | $2.16 | $0.65 | ||
| Q4 24 | $-3.23 | $1.91 | ||
| Q3 24 | $2.86 | $2.27 | ||
| Q2 24 | $4.39 | $1.98 |
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 | $198.0M |
| 总债务越低越好 | — | $763.0M |
| 股东权益账面价值 | $682.6M | $966.0M |
| 总资产 | $1.2B | $2.8B |
| 负债/权益比越低杠杆越低 | — | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资SAMSLVM
| Q1 26 | $164.1M | — | ||
| Q4 25 | $223.4M | $198.0M | ||
| Q3 25 | $250.5M | $146.0M | ||
| Q2 25 | $212.4M | $183.0M | ||
| Q1 25 | $152.5M | $220.0M | ||
| Q4 24 | $211.8M | $309.0M | ||
| Q3 24 | $255.6M | $414.0M | ||
| Q2 24 | $219.3M | $213.0M |
总债务SAMSLVM
| Q1 26 | — | — | ||
| Q4 25 | — | $763.0M | ||
| Q3 25 | — | $778.0M | ||
| Q2 25 | — | $767.0M | ||
| Q1 25 | — | $794.0M | ||
| Q4 24 | — | $782.0M | ||
| Q3 24 | — | $883.0M | ||
| Q2 24 | — | $894.0M |
股东权益SAMSLVM
| Q1 26 | $682.6M | — | ||
| Q4 25 | $846.3M | $966.0M | ||
| Q3 25 | $911.0M | $977.0M | ||
| Q2 25 | $912.3M | $959.0M | ||
| Q1 25 | $897.0M | $908.0M | ||
| Q4 24 | $916.2M | $847.0M | ||
| Q3 24 | $1.0B | $937.0M | ||
| Q2 24 | $1.0B | $830.0M |
总资产SAMSLVM
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $2.8B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.3B | $2.7B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | $1.4B | $2.7B |
负债/权益比SAMSLVM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.92× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 1.08× |
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 | — | $94.0M |
| 自由现金流经营现金流 - 资本支出 | — | $38.0M |
| 自由现金流率自由现金流/营收 | — | 4.3% |
| 资本支出强度资本支出/营收 | — | 6.3% |
| 现金转化率经营现金流/净利润 | — | 2.85× |
| 过去12个月自由现金流最近4个季度 | — | $44.0M |
8季度趋势，按日历期对齐
经营现金流SAMSLVM
| Q1 26 | — | — | ||
| Q4 25 | $39.9M | $94.0M | ||
| Q3 25 | $101.8M | $87.0M | ||
| Q2 25 | $126.5M | $64.0M | ||
| Q1 25 | $1.9M | $23.0M | ||
| Q4 24 | $41.9M | $164.0M | ||
| Q3 24 | $115.9M | $163.0M | ||
| Q2 24 | $96.0M | $115.0M |
自由现金流SAMSLVM
| Q1 26 | — | — | ||
| Q4 25 | $22.1M | $38.0M | ||
| Q3 25 | $89.2M | $33.0M | ||
| Q2 25 | $112.2M | $-2.0M | ||
| Q1 25 | $-8.0M | $-25.0M | ||
| Q4 24 | $18.4M | $100.0M | ||
| Q3 24 | $99.2M | $119.0M | ||
| Q2 24 | $75.6M | $62.0M |
自由现金流率SAMSLVM
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 4.3% | ||
| Q3 25 | 16.6% | 3.9% | ||
| Q2 25 | 19.1% | -0.3% | ||
| Q1 25 | -1.8% | -3.0% | ||
| Q4 24 | 4.6% | 10.3% | ||
| Q3 24 | 16.4% | 12.3% | ||
| Q2 24 | 13.1% | 6.6% |
资本支出强度SAMSLVM
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 6.3% | ||
| Q3 25 | 2.3% | 6.4% | ||
| Q2 25 | 2.4% | 8.3% | ||
| Q1 25 | 2.2% | 5.8% | ||
| Q4 24 | 5.8% | 6.6% | ||
| Q3 24 | 2.8% | 4.6% | ||
| Q2 24 | 3.5% | 5.7% |
现金转化率SAMSLVM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.85× | ||
| Q3 25 | 2.21× | 1.53× | ||
| Q2 25 | 2.09× | 4.27× | ||
| Q1 25 | 0.08× | 0.85× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 3.46× | 1.72× | ||
| Q2 24 | 1.83× | 1.39× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
