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BOSTON BEER CO INC（SAM）与Utz Brands, Inc.（UTZ）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Utz Brands, Inc.的1.1倍（$385.7M vs $341.0M），Utz Brands, Inc.净利率更高（0.7% vs -5.8%，领先6.5%），Utz Brands, Inc.同比增速更快（-3.1% vs -4.1%），BOSTON BEER CO INC自由现金流更多（$22.1M vs $16.5M），过去两年Utz Brands, Inc.的营收复合增速更高（-1.5% 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。
Utz Brands, Inc.常简称为Utz，是总部位于美国宾夕法尼亚州汉诺威的休闲食品企业。该公司主打生产薯片、碱水脆饼等多种休闲食品，大部分产品以旗下品牌矩阵发售，同时也为仓储式会员店和批发商供应休闲零食。
SAM vs UTZ — 直观对比
营收规模更大
SAM
是对方的1.1倍
$341.0M
营收增速更快
UTZ
高出1.0%
-4.1%
净利率更高
UTZ
高出6.5%
-5.8%
自由现金流更多
SAM
多$5.6M
$16.5M
两年增速更快
UTZ
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2024
| 指标 | | |
|---|---|---|
| 营收 | $385.7M | $341.0M |
| 净利润 | $-22.5M | $2.3M |
| 毛利率 | 43.5% | 25.5% |
| 营业利润率 | -8.6% | 2.1% |
| 净利率 | -5.8% | 0.7% |
| 营收同比 | -4.1% | -3.1% |
| 净利润同比 | 41.9% | 108.3% |
| 每股收益（稀释后） | $-1.97 | $0.04 |
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SAMUTZ
| Q4 25 | $385.7M | — | ||
| Q3 25 | $537.5M | — | ||
| Q2 25 | $587.9M | — | ||
| Q1 25 | $453.9M | — | ||
| Q4 24 | $402.3M | $341.0M | ||
| Q3 24 | $605.5M | $365.5M | ||
| Q2 24 | $579.1M | $356.2M | ||
| Q1 24 | $426.1M | $346.5M |
净利润SAMUTZ
| Q4 25 | $-22.5M | — | ||
| Q3 25 | $46.2M | — | ||
| Q2 25 | $60.4M | — | ||
| Q1 25 | $24.4M | — | ||
| Q4 24 | $-38.8M | $2.3M | ||
| Q3 24 | $33.5M | $-2.2M | ||
| Q2 24 | $52.3M | $19.8M | ||
| Q1 24 | $12.6M | $-4.0M |
毛利率SAMUTZ
| Q4 25 | 43.5% | — | ||
| Q3 25 | 50.8% | — | ||
| Q2 25 | 49.8% | — | ||
| Q1 25 | 48.3% | — | ||
| Q4 24 | 39.9% | 25.5% | ||
| Q3 24 | 46.3% | 26.9% | ||
| Q2 24 | 46.0% | 26.7% | ||
| Q1 24 | 43.7% | 25.5% |
营业利润率SAMUTZ
| Q4 25 | -8.6% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 7.4% | — | ||
| Q4 24 | -13.9% | 2.1% | ||
| Q3 24 | 7.6% | 5.3% | ||
| Q2 24 | 12.2% | 6.3% | ||
| Q1 24 | 3.6% | 2.8% |
净利率SAMUTZ
| Q4 25 | -5.8% | — | ||
| Q3 25 | 8.6% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | -9.6% | 0.7% | ||
| Q3 24 | 5.5% | -0.6% | ||
| Q2 24 | 9.0% | 5.6% | ||
| Q1 24 | 3.0% | -1.2% |
每股收益（稀释后）SAMUTZ
| Q4 25 | $-1.97 | — | ||
| Q3 25 | $4.25 | — | ||
| Q2 25 | $5.45 | — | ||
| Q1 25 | $2.16 | — | ||
| Q4 24 | $-3.23 | $0.04 | ||
| Q3 24 | $2.86 | $-0.03 | ||
| Q2 24 | $4.39 | $0.23 | ||
| Q1 24 | $1.04 | $-0.05 |
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 | $56.1M |
| 总债务越低越好 | — | $768.6M |
| 股东权益账面价值 | $846.3M | $696.9M |
| 总资产 | $1.2B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资SAMUTZ
| Q4 25 | $223.4M | — | ||
| Q3 25 | $250.5M | — | ||
| Q2 25 | $212.4M | — | ||
| Q1 25 | $152.5M | — | ||
| Q4 24 | $211.8M | $56.1M | ||
| Q3 24 | $255.6M | $64.9M | ||
| Q2 24 | $219.3M | $66.6M | ||
| Q1 24 | $205.4M | $47.0M |
总债务SAMUTZ
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $768.6M | ||
| Q3 24 | — | $780.8M | ||
| Q2 24 | — | $797.6M | ||
| Q1 24 | — | $756.9M |
股东权益SAMUTZ
| Q4 25 | $846.3M | — | ||
| Q3 25 | $911.0M | — | ||
| Q2 25 | $912.3M | — | ||
| Q1 25 | $897.0M | — | ||
| Q4 24 | $916.2M | $696.9M | ||
| Q3 24 | $1.0B | $685.7M | ||
| Q2 24 | $1.0B | $686.0M | ||
| Q1 24 | $1.0B | $671.1M |
总资产SAMUTZ
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $1.4B | $2.6B | ||
| Q2 24 | $1.4B | $2.7B | ||
| Q1 24 | $1.4B | $2.6B |
负债/权益比SAMUTZ
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.10× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 1.13× |
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 | $54.2M |
| 自由现金流经营现金流 - 资本支出 | $22.1M | $16.5M |
| 自由现金流率自由现金流/营收 | 5.7% | 4.8% |
| 资本支出强度资本支出/营收 | 4.6% | 11.1% |
| 现金转化率经营现金流/净利润 | — | 23.67× |
| 过去12个月自由现金流最近4个季度 | $215.6M | $7.6M |
8季度趋势，按日历期对齐
经营现金流SAMUTZ
| Q4 25 | $39.9M | — | ||
| Q3 25 | $101.8M | — | ||
| Q2 25 | $126.5M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $41.9M | $54.2M | ||
| Q3 24 | $115.9M | $52.2M | ||
| Q2 24 | $96.0M | $8.9M | ||
| Q1 24 | $-4.9M | $-9.1M |
自由现金流SAMUTZ
| Q4 25 | $22.1M | — | ||
| Q3 25 | $89.2M | — | ||
| Q2 25 | $112.2M | — | ||
| Q1 25 | $-8.0M | — | ||
| Q4 24 | $18.4M | $16.5M | ||
| Q3 24 | $99.2M | $29.1M | ||
| Q2 24 | $75.6M | $-15.3M | ||
| Q1 24 | $-20.6M | $-22.7M |
自由现金流率SAMUTZ
| Q4 25 | 5.7% | — | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | 4.6% | 4.8% | ||
| Q3 24 | 16.4% | 8.0% | ||
| Q2 24 | 13.1% | -4.3% | ||
| Q1 24 | -4.8% | -6.5% |
资本支出强度SAMUTZ
| Q4 25 | 4.6% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 5.8% | 11.1% | ||
| Q3 24 | 2.8% | 6.3% | ||
| Q2 24 | 3.5% | 6.8% | ||
| Q1 24 | 3.7% | 3.9% |
现金转化率SAMUTZ
| Q4 25 | — | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.09× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | — | 23.67× | ||
| Q3 24 | 3.46× | — | ||
| Q2 24 | 1.83× | 0.45× | ||
| 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
