vs
BOSTON BEER CO INC（SAM）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Ubiquiti Inc.的季度营收约是BOSTON BEER CO INC的1.8倍（$814.9M vs $461.6M），Ubiquiti Inc.同比增速更快（35.8% vs -4.1%），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
SAM vs UI — 直观对比
营收规模更大
UI
是对方的1.8倍
$461.6M
营收增速更快
UI
高出39.9%
-4.1%
两年增速更快
UI
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $461.6M | $814.9M |
| 净利润 | — | $233.6M |
| 毛利率 | 46.4% | 45.9% |
| 营业利润率 | 12.4% | 35.9% |
| 净利率 | — | 28.7% |
| 营收同比 | -4.1% | 35.8% |
| 净利润同比 | — | 70.8% |
| 每股收益（稀释后） | $2.16 | $3.86 |
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SAMUI
| Q1 26 | $461.6M | — | ||
| Q4 25 | $385.7M | $814.9M | ||
| Q3 25 | $537.5M | $733.8M | ||
| Q2 25 | $587.9M | $759.2M | ||
| Q1 25 | $453.9M | $664.2M | ||
| Q4 24 | $402.3M | $599.9M | ||
| Q3 24 | $605.5M | $550.3M | ||
| Q2 24 | $579.1M | $507.5M |
净利润SAMUI
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $233.6M | ||
| Q3 25 | $46.2M | $207.9M | ||
| Q2 25 | $60.4M | $266.7M | ||
| Q1 25 | $24.4M | $180.4M | ||
| Q4 24 | $-38.8M | $136.8M | ||
| Q3 24 | $33.5M | $128.0M | ||
| Q2 24 | $52.3M | $103.8M |
毛利率SAMUI
| Q1 26 | 46.4% | — | ||
| Q4 25 | 43.5% | 45.9% | ||
| Q3 25 | 50.8% | 46.0% | ||
| Q2 25 | 49.8% | 45.1% | ||
| Q1 25 | 48.3% | 44.5% | ||
| Q4 24 | 39.9% | 41.2% | ||
| Q3 24 | 46.3% | 42.1% | ||
| Q2 24 | 46.0% | 40.2% |
营业利润率SAMUI
| Q1 26 | 12.4% | — | ||
| Q4 25 | -8.6% | 35.9% | ||
| Q3 25 | 11.5% | 35.7% | ||
| Q2 25 | 14.0% | 34.4% | ||
| Q1 25 | 7.4% | 34.2% | ||
| Q4 24 | -13.9% | 29.8% | ||
| Q3 24 | 7.6% | 30.7% | ||
| Q2 24 | 12.2% | 27.3% |
净利率SAMUI
| Q1 26 | — | — | ||
| Q4 25 | -5.8% | 28.7% | ||
| Q3 25 | 8.6% | 28.3% | ||
| Q2 25 | 10.3% | 35.1% | ||
| Q1 25 | 5.4% | 27.2% | ||
| Q4 24 | -9.6% | 22.8% | ||
| Q3 24 | 5.5% | 23.3% | ||
| Q2 24 | 9.0% | 20.5% |
每股收益（稀释后）SAMUI
| Q1 26 | $2.16 | — | ||
| Q4 25 | $-1.97 | $3.86 | ||
| Q3 25 | $4.25 | $3.43 | ||
| Q2 25 | $5.45 | $4.40 | ||
| Q1 25 | $2.16 | $2.98 | ||
| Q4 24 | $-3.23 | $2.26 | ||
| Q3 24 | $2.86 | $2.12 | ||
| Q2 24 | $4.39 | $1.72 |
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 | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $682.6M | $1.0B |
| 总资产 | $1.2B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资SAMUI
| Q1 26 | $164.1M | — | ||
| Q4 25 | $223.4M | $302.8M | ||
| Q3 25 | $250.5M | $177.2M | ||
| Q2 25 | $212.4M | $149.7M | ||
| Q1 25 | $152.5M | $151.0M | ||
| Q4 24 | $211.8M | $133.1M | ||
| Q3 24 | $255.6M | $165.2M | ||
| Q2 24 | $219.3M | $126.3M |
总债务SAMUI
| Q1 26 | — | — | ||
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M |
股东权益SAMUI
| Q1 26 | $682.6M | — | ||
| Q4 25 | $846.3M | $1.0B | ||
| Q3 25 | $911.0M | $828.4M | ||
| Q2 25 | $912.3M | $668.3M | ||
| Q1 25 | $897.0M | $436.1M | ||
| Q4 24 | $916.2M | $290.4M | ||
| Q3 24 | $1.0B | $188.1M | ||
| Q2 24 | $1.0B | $95.1M |
总资产SAMUI
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B |
负债/权益比SAMUI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× |
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 | — | $263.9M |
| 自由现金流经营现金流 - 资本支出 | — | $260.3M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 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 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流SAMUI
| Q1 26 | — | — | ||
| Q4 25 | $39.9M | $263.9M | ||
| Q3 25 | $101.8M | $198.5M | ||
| Q2 25 | $126.5M | $130.4M | ||
| Q1 25 | $1.9M | $123.6M | ||
| Q4 24 | $41.9M | $152.4M | ||
| Q3 24 | $115.9M | $233.7M | ||
| Q2 24 | $96.0M | $231.4M |
自由现金流SAMUI
| Q1 26 | — | — | ||
| Q4 25 | $22.1M | $260.3M | ||
| Q3 25 | $89.2M | $193.3M | ||
| Q2 25 | $112.2M | $125.2M | ||
| Q1 25 | $-8.0M | $120.7M | ||
| Q4 24 | $18.4M | $150.4M | ||
| Q3 24 | $99.2M | $231.1M | ||
| Q2 24 | $75.6M | $229.5M |
自由现金流率SAMUI
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 31.9% | ||
| Q3 25 | 16.6% | 26.3% | ||
| Q2 25 | 19.1% | 16.5% | ||
| Q1 25 | -1.8% | 18.2% | ||
| Q4 24 | 4.6% | 25.1% | ||
| Q3 24 | 16.4% | 42.0% | ||
| Q2 24 | 13.1% | 45.2% |
资本支出强度SAMUI
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 0.4% | ||
| Q3 25 | 2.3% | 0.7% | ||
| Q2 25 | 2.4% | 0.7% | ||
| Q1 25 | 2.2% | 0.4% | ||
| Q4 24 | 5.8% | 0.3% | ||
| Q3 24 | 2.8% | 0.5% | ||
| Q2 24 | 3.5% | 0.4% |
现金转化率SAMUI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | 2.21× | 0.95× | ||
| Q2 25 | 2.09× | 0.49× | ||
| Q1 25 | 0.08× | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 3.46× | 1.83× | ||
| Q2 24 | 1.83× | 2.23× |
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
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
