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BOSTON BEER CO INC（SAM）与Waystar Holding Corp.（WAY）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Waystar Holding Corp.的1.5倍（$461.6M vs $313.9M），Waystar Holding Corp.同比增速更快（22.4% vs -4.1%），过去两年Waystar Holding Corp.的营收复合增速更高（15.7% 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。
Waystar Holding Corp是一家领先的医疗健康支付与营收周期管理解决方案提供商，服务覆盖美国各地的医疗机构、医疗系统和支付方，旗下工具可简化账单处理、理赔申请、患者缴费流程，帮助医疗机构降低行政负担、优化营收表现。
SAM vs WAY — 直观对比
营收规模更大
SAM
是对方的1.5倍
$313.9M
营收增速更快
WAY
高出26.5%
-4.1%
两年增速更快
WAY
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $461.6M | $313.9M |
| 净利润 | — | $43.3M |
| 毛利率 | 46.4% | — |
| 营业利润率 | 12.4% | 25.6% |
| 净利率 | — | 13.8% |
| 营收同比 | -4.1% | 22.4% |
| 净利润同比 | — | 47.9% |
| 每股收益（稀释后） | $2.16 | $0.42 |
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SAMWAY
| Q1 26 | $461.6M | $313.9M | ||
| Q4 25 | $385.7M | $303.5M | ||
| Q3 25 | $537.5M | $268.7M | ||
| Q2 25 | $587.9M | $270.7M | ||
| Q1 25 | $453.9M | $256.4M | ||
| Q4 24 | $402.3M | $244.1M | ||
| Q3 24 | $605.5M | $240.1M | ||
| Q2 24 | $579.1M | $234.5M |
净利润SAMWAY
| Q1 26 | — | $43.3M | ||
| Q4 25 | $-22.5M | $20.0M | ||
| Q3 25 | $46.2M | $30.6M | ||
| Q2 25 | $60.4M | $32.2M | ||
| Q1 25 | $24.4M | $29.3M | ||
| Q4 24 | $-38.8M | $19.1M | ||
| Q3 24 | $33.5M | $5.4M | ||
| Q2 24 | $52.3M | $-27.7M |
毛利率SAMWAY
| 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SAMWAY
| Q1 26 | 12.4% | 25.6% | ||
| Q4 25 | -8.6% | 19.4% | ||
| Q3 25 | 11.5% | 22.4% | ||
| Q2 25 | 14.0% | 24.0% | ||
| Q1 25 | 7.4% | 25.4% | ||
| Q4 24 | -13.9% | 21.8% | ||
| Q3 24 | 7.6% | 11.3% | ||
| Q2 24 | 12.2% | 3.5% |
净利率SAMWAY
| Q1 26 | — | 13.8% | ||
| Q4 25 | -5.8% | 6.6% | ||
| Q3 25 | 8.6% | 11.4% | ||
| Q2 25 | 10.3% | 11.9% | ||
| Q1 25 | 5.4% | 11.4% | ||
| Q4 24 | -9.6% | 7.8% | ||
| Q3 24 | 5.5% | 2.3% | ||
| Q2 24 | 9.0% | -11.8% |
每股收益（稀释后）SAMWAY
| Q1 26 | $2.16 | $0.42 | ||
| Q4 25 | $-1.97 | $0.10 | ||
| Q3 25 | $4.25 | $0.17 | ||
| Q2 25 | $5.45 | $0.18 | ||
| Q1 25 | $2.16 | $0.16 | ||
| Q4 24 | $-3.23 | $0.18 | ||
| Q3 24 | $2.86 | $0.03 | ||
| Q2 24 | $4.39 | $-0.21 |
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 | $34.3M |
| 总债务越低越好 | — | $13.5M |
| 股东权益账面价值 | $682.6M | $3.9B |
| 总资产 | $1.2B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资SAMWAY
| Q1 26 | $164.1M | $34.3M | ||
| Q4 25 | $223.4M | $61.4M | ||
| Q3 25 | $250.5M | $421.1M | ||
| Q2 25 | $212.4M | $290.3M | ||
| Q1 25 | $152.5M | $224.0M | ||
| Q4 24 | $211.8M | $182.1M | ||
| Q3 24 | $255.6M | $127.1M | ||
| Q2 24 | $219.3M | $68.4M |
总债务SAMWAY
| Q1 26 | — | $13.5M | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SAMWAY
| Q1 26 | $682.6M | $3.9B | ||
| Q4 25 | $846.3M | $3.9B | ||
| Q3 25 | $911.0M | $3.2B | ||
| Q2 25 | $912.3M | $3.2B | ||
| Q1 25 | $897.0M | $3.1B | ||
| Q4 24 | $916.2M | $3.1B | ||
| Q3 24 | $1.0B | $3.1B | ||
| Q2 24 | $1.0B | $2.9B |
总资产SAMWAY
| Q1 26 | $1.2B | $5.8B | ||
| Q4 25 | $1.2B | $5.8B | ||
| Q3 25 | $1.2B | $4.7B | ||
| Q2 25 | $1.3B | $4.7B | ||
| Q1 25 | $1.2B | $4.6B | ||
| Q4 24 | $1.3B | $4.6B | ||
| Q3 24 | $1.4B | $4.5B | ||
| Q2 24 | $1.4B | $4.6B |
负债/权益比SAMWAY
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $84.9M |
| 自由现金流经营现金流 - 资本支出 | — | $90.3M |
| 自由现金流率自由现金流/营收 | — | 28.8% |
| 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 | — | 1.96× |
| 过去12个月自由现金流最近4个季度 | — | $314.6M |
8季度趋势，按日历期对齐
经营现金流SAMWAY
| Q1 26 | — | $84.9M | ||
| Q4 25 | $39.9M | $66.6M | ||
| Q3 25 | $101.8M | $82.0M | ||
| Q2 25 | $126.5M | $96.8M | ||
| Q1 25 | $1.9M | $64.2M | ||
| Q4 24 | $41.9M | — | ||
| Q3 24 | $115.9M | $78.8M | ||
| Q2 24 | $96.0M | $15.4M |
自由现金流SAMWAY
| Q1 26 | — | $90.3M | ||
| Q4 25 | $22.1M | $57.2M | ||
| Q3 25 | $89.2M | $76.2M | ||
| Q2 25 | $112.2M | $91.0M | ||
| Q1 25 | $-8.0M | $58.8M | ||
| Q4 24 | $18.4M | — | ||
| Q3 24 | $99.2M | $70.2M | ||
| Q2 24 | $75.6M | $8.6M |
自由现金流率SAMWAY
| Q1 26 | — | 28.8% | ||
| Q4 25 | 5.7% | 18.9% | ||
| Q3 25 | 16.6% | 28.3% | ||
| Q2 25 | 19.1% | 33.6% | ||
| Q1 25 | -1.8% | 22.9% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 16.4% | 29.2% | ||
| Q2 24 | 13.1% | 3.7% |
资本支出强度SAMWAY
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 3.1% | ||
| Q3 25 | 2.3% | 2.2% | ||
| Q2 25 | 2.4% | 2.1% | ||
| Q1 25 | 2.2% | 2.1% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 2.8% | 3.6% | ||
| Q2 24 | 3.5% | 2.9% |
现金转化率SAMWAY
| Q1 26 | — | 1.96× | ||
| Q4 25 | — | 3.33× | ||
| Q3 25 | 2.21× | 2.68× | ||
| Q2 25 | 2.09× | 3.01× | ||
| Q1 25 | 0.08× | 2.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.46× | 14.56× | ||
| Q2 24 | 1.83× | — |
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
WAY
| Subscription | $172.2M | 55% |
| Volume-based | $139.5M | 44% |
