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BOSTON BEER CO INC（SAM）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是BOSTON BEER CO INC的1.6倍（$755.6M vs $461.6M），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs -4.1%），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
SAM vs STRL — 直观对比
营收规模更大
STRL
是对方的1.6倍
$461.6M
营收增速更快
STRL
高出55.6%
-4.1%
两年增速更快
STRL
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $461.6M | $755.6M |
| 净利润 | — | $87.6M |
| 毛利率 | 46.4% | 21.7% |
| 营业利润率 | 12.4% | 15.9% |
| 净利率 | — | 11.6% |
| 营收同比 | -4.1% | 51.5% |
| 净利润同比 | — | -22.6% |
| 每股收益（稀释后） | $2.16 | $2.82 |
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SAMSTRL
| Q1 26 | $461.6M | — | ||
| Q4 25 | $385.7M | $755.6M | ||
| Q3 25 | $537.5M | $689.0M | ||
| Q2 25 | $587.9M | $614.5M | ||
| Q1 25 | $453.9M | $430.9M | ||
| Q4 24 | $402.3M | $498.8M | ||
| Q3 24 | $605.5M | $593.7M | ||
| Q2 24 | $579.1M | $582.8M |
净利润SAMSTRL
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $87.6M | ||
| Q3 25 | $46.2M | $92.1M | ||
| Q2 25 | $60.4M | $71.0M | ||
| Q1 25 | $24.4M | $39.5M | ||
| Q4 24 | $-38.8M | $113.2M | ||
| Q3 24 | $33.5M | $61.3M | ||
| Q2 24 | $52.3M | $51.9M |
毛利率SAMSTRL
| Q1 26 | 46.4% | — | ||
| Q4 25 | 43.5% | 21.7% | ||
| Q3 25 | 50.8% | 24.7% | ||
| Q2 25 | 49.8% | 23.3% | ||
| Q1 25 | 48.3% | 22.0% | ||
| Q4 24 | 39.9% | 21.4% | ||
| Q3 24 | 46.3% | 21.9% | ||
| Q2 24 | 46.0% | 19.3% |
营业利润率SAMSTRL
| Q1 26 | 12.4% | — | ||
| Q4 25 | -8.6% | 15.9% | ||
| Q3 25 | 11.5% | 18.2% | ||
| Q2 25 | 14.0% | 17.0% | ||
| Q1 25 | 7.4% | 13.0% | ||
| Q4 24 | -13.9% | 12.5% | ||
| Q3 24 | 7.6% | 14.7% | ||
| Q2 24 | 12.2% | 12.5% |
净利率SAMSTRL
| Q1 26 | — | — | ||
| Q4 25 | -5.8% | 11.6% | ||
| Q3 25 | 8.6% | 13.4% | ||
| Q2 25 | 10.3% | 11.6% | ||
| Q1 25 | 5.4% | 9.2% | ||
| Q4 24 | -9.6% | 22.7% | ||
| Q3 24 | 5.5% | 10.3% | ||
| Q2 24 | 9.0% | 8.9% |
每股收益（稀释后）SAMSTRL
| Q1 26 | $2.16 | — | ||
| Q4 25 | $-1.97 | $2.82 | ||
| Q3 25 | $4.25 | $2.97 | ||
| Q2 25 | $5.45 | $2.31 | ||
| Q1 25 | $2.16 | $1.28 | ||
| Q4 24 | $-3.23 | $3.63 | ||
| Q3 24 | $2.86 | $1.97 | ||
| Q2 24 | $4.39 | $1.67 |
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 | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $682.6M | $1.1B |
| 总资产 | $1.2B | $2.6B |
| 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SAMSTRL
| Q1 26 | $164.1M | — | ||
| Q4 25 | $223.4M | $390.7M | ||
| Q3 25 | $250.5M | $306.4M | ||
| Q2 25 | $212.4M | $699.4M | ||
| Q1 25 | $152.5M | $638.6M | ||
| Q4 24 | $211.8M | $664.2M | ||
| Q3 24 | $255.6M | $648.1M | ||
| Q2 24 | $219.3M | $540.0M |
股东权益SAMSTRL
| Q1 26 | $682.6M | — | ||
| Q4 25 | $846.3M | $1.1B | ||
| Q3 25 | $911.0M | $1.1B | ||
| Q2 25 | $912.3M | $881.7M | ||
| Q1 25 | $897.0M | $805.4M | ||
| Q4 24 | $916.2M | $808.1M | ||
| Q3 24 | $1.0B | $716.5M | ||
| Q2 24 | $1.0B | $670.7M |
总资产SAMSTRL
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $2.6B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B |
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 | — | $186.1M |
| 自由现金流经营现金流 - 资本支出 | — | $159.7M |
| 自由现金流率自由现金流/营收 | — | 21.1% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $362.7M |
8季度趋势，按日历期对齐
经营现金流SAMSTRL
| Q1 26 | — | — | ||
| Q4 25 | $39.9M | $186.1M | ||
| Q3 25 | $101.8M | $83.6M | ||
| Q2 25 | $126.5M | $85.4M | ||
| Q1 25 | $1.9M | $84.9M | ||
| Q4 24 | $41.9M | $174.3M | ||
| Q3 24 | $115.9M | $152.3M | ||
| Q2 24 | $96.0M | $121.0M |
自由现金流SAMSTRL
| Q1 26 | — | — | ||
| Q4 25 | $22.1M | $159.7M | ||
| Q3 25 | $89.2M | $64.0M | ||
| Q2 25 | $112.2M | $72.1M | ||
| Q1 25 | $-8.0M | $67.0M | ||
| Q4 24 | $18.4M | $158.6M | ||
| Q3 24 | $99.2M | $138.3M | ||
| Q2 24 | $75.6M | $92.1M |
自由现金流率SAMSTRL
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 21.1% | ||
| Q3 25 | 16.6% | 9.3% | ||
| Q2 25 | 19.1% | 11.7% | ||
| Q1 25 | -1.8% | 15.5% | ||
| Q4 24 | 4.6% | 31.8% | ||
| Q3 24 | 16.4% | 23.3% | ||
| Q2 24 | 13.1% | 15.8% |
资本支出强度SAMSTRL
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 3.5% | ||
| Q3 25 | 2.3% | 2.9% | ||
| Q2 25 | 2.4% | 2.2% | ||
| Q1 25 | 2.2% | 4.2% | ||
| Q4 24 | 5.8% | 3.1% | ||
| Q3 24 | 2.8% | 2.4% | ||
| Q2 24 | 3.5% | 5.0% |
现金转化率SAMSTRL
| Q1 26 | — | — | ||
| Q4 25 | — | 2.12× | ||
| Q3 25 | 2.21× | 0.91× | ||
| Q2 25 | 2.09× | 1.20× | ||
| Q1 25 | 0.08× | 2.15× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | 3.46× | 2.48× | ||
| Q2 24 | 1.83× | 2.33× |
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
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
