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BOSTON BEER CO INC（SAM）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是BOSTON BEER CO INC的1.1倍（$492.9M vs $461.6M），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs -4.1%），过去两年STARWOOD PROPERTY TRUST, INC.的营收复合增速更高（-2.9% 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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
SAM vs STWD — 直观对比
营收规模更大
STWD
是对方的1.1倍
$461.6M
营收增速更快
STWD
高出12.6%
-4.1%
两年增速更快
STWD
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $461.6M | $492.9M |
| 净利润 | — | $96.9M |
| 毛利率 | 46.4% | — |
| 营业利润率 | 12.4% | 26.6% |
| 净利率 | — | 19.7% |
| 营收同比 | -4.1% | 8.5% |
| 净利润同比 | — | 87.7% |
| 每股收益（稀释后） | $2.16 | $0.25 |
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SAMSTWD
| Q1 26 | $461.6M | — | ||
| Q4 25 | $385.7M | $492.9M | ||
| Q3 25 | $537.5M | $488.9M | ||
| Q2 25 | $587.9M | $444.3M | ||
| Q1 25 | $453.9M | $418.2M | ||
| Q4 24 | $402.3M | $454.4M | ||
| Q3 24 | $605.5M | $479.5M | ||
| Q2 24 | $579.1M | $489.8M |
净利润SAMSTWD
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $96.9M | ||
| Q3 25 | $46.2M | $72.6M | ||
| Q2 25 | $60.4M | $129.8M | ||
| Q1 25 | $24.4M | $112.3M | ||
| Q4 24 | $-38.8M | $51.6M | ||
| Q3 24 | $33.5M | $76.1M | ||
| Q2 24 | $52.3M | $77.9M |
毛利率SAMSTWD
| 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SAMSTWD
| Q1 26 | 12.4% | — | ||
| Q4 25 | -8.6% | 26.6% | ||
| Q3 25 | 11.5% | 19.1% | ||
| Q2 25 | 14.0% | 30.5% | ||
| Q1 25 | 7.4% | 28.7% | ||
| Q4 24 | -13.9% | 15.1% | ||
| Q3 24 | 7.6% | 17.2% | ||
| Q2 24 | 12.2% | 19.1% |
净利率SAMSTWD
| Q1 26 | — | — | ||
| Q4 25 | -5.8% | 19.7% | ||
| Q3 25 | 8.6% | 14.8% | ||
| Q2 25 | 10.3% | 29.2% | ||
| Q1 25 | 5.4% | 26.8% | ||
| Q4 24 | -9.6% | 11.4% | ||
| Q3 24 | 5.5% | 15.9% | ||
| Q2 24 | 9.0% | 15.9% |
每股收益（稀释后）SAMSTWD
| Q1 26 | $2.16 | — | ||
| Q4 25 | $-1.97 | $0.25 | ||
| Q3 25 | $4.25 | $0.19 | ||
| Q2 25 | $5.45 | $0.38 | ||
| Q1 25 | $2.16 | $0.33 | ||
| Q4 24 | $-3.23 | $0.15 | ||
| Q3 24 | $2.86 | $0.23 | ||
| Q2 24 | $4.39 | $0.24 |
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 | $499.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $682.6M | $6.8B |
| 总资产 | $1.2B | $63.2B |
| 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SAMSTWD
| Q1 26 | $164.1M | — | ||
| Q4 25 | $223.4M | $499.5M | ||
| Q3 25 | $250.5M | $301.1M | ||
| Q2 25 | $212.4M | $259.9M | ||
| Q1 25 | $152.5M | $440.6M | ||
| Q4 24 | $211.8M | $377.8M | ||
| Q3 24 | $255.6M | $357.9M | ||
| Q2 24 | $219.3M | $259.3M |
股东权益SAMSTWD
| Q1 26 | $682.6M | — | ||
| Q4 25 | $846.3M | $6.8B | ||
| Q3 25 | $911.0M | $6.9B | ||
| Q2 25 | $912.3M | $6.4B | ||
| Q1 25 | $897.0M | $6.4B | ||
| Q4 24 | $916.2M | $6.4B | ||
| Q3 24 | $1.0B | $6.5B | ||
| Q2 24 | $1.0B | $6.2B |
总资产SAMSTWD
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $63.2B | ||
| Q3 25 | $1.2B | $62.4B | ||
| Q2 25 | $1.3B | $62.4B | ||
| Q1 25 | $1.2B | $62.2B | ||
| Q4 24 | $1.3B | $62.6B | ||
| Q3 24 | $1.4B | $64.2B | ||
| Q2 24 | $1.4B | $64.1B |
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 | — | $488.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 5.04× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流SAMSTWD
| Q1 26 | — | — | ||
| Q4 25 | $39.9M | $488.8M | ||
| Q3 25 | $101.8M | $337.6M | ||
| Q2 25 | $126.5M | $-87.4M | ||
| Q1 25 | $1.9M | $238.9M | ||
| Q4 24 | $41.9M | $295.6M | ||
| Q3 24 | $115.9M | $241.8M | ||
| Q2 24 | $96.0M | $53.3M |
自由现金流SAMSTWD
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率SAMSTWD
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度SAMSTWD
| Q1 26 | — | — | ||
| 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% | — |
现金转化率SAMSTWD
| Q1 26 | — | — | ||
| Q4 25 | — | 5.04× | ||
| Q3 25 | 2.21× | 4.65× | ||
| Q2 25 | 2.09× | -0.67× | ||
| Q1 25 | 0.08× | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | 3.46× | 3.18× | ||
| Q2 24 | 1.83× | 0.68× |
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
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
