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BOSTON BEER CO INC（SAM）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）财务数据对比。点击上方公司名可切换其他公司
ADVANCED DRAINAGE SYSTEMS, INC.的季度营收约是BOSTON BEER CO INC的1.5倍（$693.4M vs $461.6M），ADVANCED DRAINAGE SYSTEMS, INC.同比增速更快（0.4% vs -4.1%），过去两年ADVANCED DRAINAGE SYSTEMS, INC.的营收复合增速更高（3.0% 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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
SAM vs WMS — 直观对比
营收规模更大
WMS
是对方的1.5倍
$461.6M
营收增速更快
WMS
高出4.5%
-4.1%
两年增速更快
WMS
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $461.6M | $693.4M |
| 净利润 | — | $93.6M |
| 毛利率 | 46.4% | 37.4% |
| 营业利润率 | 12.4% | 19.7% |
| 净利率 | — | 13.5% |
| 营收同比 | -4.1% | 0.4% |
| 净利润同比 | — | 15.3% |
| 每股收益（稀释后） | $2.16 | $1.19 |
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SAMWMS
| Q1 26 | $461.6M | — | ||
| Q4 25 | $385.7M | $693.4M | ||
| Q3 25 | $537.5M | $850.4M | ||
| Q2 25 | $587.9M | $829.9M | ||
| Q1 25 | $453.9M | $615.8M | ||
| Q4 24 | $402.3M | $690.5M | ||
| Q3 24 | $605.5M | $782.6M | ||
| Q2 24 | $579.1M | $815.3M |
净利润SAMWMS
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $93.6M | ||
| Q3 25 | $46.2M | $156.0M | ||
| Q2 25 | $60.4M | $143.9M | ||
| Q1 25 | $24.4M | $77.2M | ||
| Q4 24 | $-38.8M | $81.2M | ||
| Q3 24 | $33.5M | $130.4M | ||
| Q2 24 | $52.3M | $161.4M |
毛利率SAMWMS
| Q1 26 | 46.4% | — | ||
| Q4 25 | 43.5% | 37.4% | ||
| Q3 25 | 50.8% | 40.0% | ||
| Q2 25 | 49.8% | 39.8% | ||
| Q1 25 | 48.3% | 36.7% | ||
| Q4 24 | 39.9% | 35.0% | ||
| Q3 24 | 46.3% | 37.6% | ||
| Q2 24 | 46.0% | 40.8% |
营业利润率SAMWMS
| Q1 26 | 12.4% | — | ||
| Q4 25 | -8.6% | 19.7% | ||
| Q3 25 | 11.5% | 26.3% | ||
| Q2 25 | 14.0% | 24.8% | ||
| Q1 25 | 7.4% | 19.0% | ||
| Q4 24 | -13.9% | 18.4% | ||
| Q3 24 | 7.6% | 23.9% | ||
| Q2 24 | 12.2% | 27.7% |
净利率SAMWMS
| Q1 26 | — | — | ||
| Q4 25 | -5.8% | 13.5% | ||
| Q3 25 | 8.6% | 18.3% | ||
| Q2 25 | 10.3% | 17.3% | ||
| Q1 25 | 5.4% | 12.5% | ||
| Q4 24 | -9.6% | 11.8% | ||
| Q3 24 | 5.5% | 16.7% | ||
| Q2 24 | 9.0% | 19.8% |
每股收益（稀释后）SAMWMS
| Q1 26 | $2.16 | — | ||
| Q4 25 | $-1.97 | $1.19 | ||
| Q3 25 | $4.25 | $1.99 | ||
| Q2 25 | $5.45 | $1.84 | ||
| Q1 25 | $2.16 | $0.99 | ||
| Q4 24 | $-3.23 | $1.04 | ||
| Q3 24 | $2.86 | $1.67 | ||
| Q2 24 | $4.39 | $2.06 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $682.6M | $1.9B |
| 总资产 | $1.2B | $4.1B |
| 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SAMWMS
| Q1 26 | $164.1M | — | ||
| Q4 25 | $223.4M | $1.0B | ||
| Q3 25 | $250.5M | $812.9M | ||
| Q2 25 | $212.4M | $638.3M | ||
| Q1 25 | $152.5M | $463.3M | ||
| Q4 24 | $211.8M | $488.9M | ||
| Q3 24 | $255.6M | $613.0M | ||
| Q2 24 | $219.3M | $541.6M |
总债务SAMWMS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SAMWMS
| Q1 26 | $682.6M | — | ||
| Q4 25 | $846.3M | $1.9B | ||
| Q3 25 | $911.0M | $1.8B | ||
| Q2 25 | $912.3M | $1.7B | ||
| Q1 25 | $897.0M | $1.5B | ||
| Q4 24 | $916.2M | $1.5B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $1.0B | $1.3B |
总资产SAMWMS
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $4.1B | ||
| Q3 25 | $1.2B | $4.1B | ||
| Q2 25 | $1.3B | $3.9B | ||
| Q1 25 | $1.2B | $3.7B | ||
| Q4 24 | $1.3B | $3.6B | ||
| Q3 24 | $1.4B | $3.5B | ||
| Q2 24 | $1.4B | $3.4B |
负债/权益比SAMWMS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | — | ||
| 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 | — | $269.3M |
| 自由现金流经营现金流 - 资本支出 | — | $183.6M |
| 自由现金流率自由现金流/营收 | — | 26.5% |
| 资本支出强度资本支出/营收 | — | 12.4% |
| 现金转化率经营现金流/净利润 | — | 2.88× |
| 过去12个月自由现金流最近4个季度 | — | $577.1M |
8季度趋势，按日历期对齐
经营现金流SAMWMS
| Q1 26 | — | — | ||
| Q4 25 | $39.9M | $269.3M | ||
| Q3 25 | $101.8M | $234.9M | ||
| Q2 25 | $126.5M | $275.0M | ||
| Q1 25 | $1.9M | $41.2M | ||
| Q4 24 | $41.9M | $189.9M | ||
| Q3 24 | $115.9M | $166.9M | ||
| Q2 24 | $96.0M | $183.4M |
自由现金流SAMWMS
| Q1 26 | — | — | ||
| Q4 25 | $22.1M | $183.6M | ||
| Q3 25 | $89.2M | $176.4M | ||
| Q2 25 | $112.2M | $222.4M | ||
| Q1 25 | $-8.0M | $-5.3M | ||
| Q4 24 | $18.4M | $135.7M | ||
| Q3 24 | $99.2M | $112.4M | ||
| Q2 24 | $75.6M | $125.7M |
自由现金流率SAMWMS
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 26.5% | ||
| Q3 25 | 16.6% | 20.7% | ||
| Q2 25 | 19.1% | 26.8% | ||
| Q1 25 | -1.8% | -0.9% | ||
| Q4 24 | 4.6% | 19.7% | ||
| Q3 24 | 16.4% | 14.4% | ||
| Q2 24 | 13.1% | 15.4% |
资本支出强度SAMWMS
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 12.4% | ||
| Q3 25 | 2.3% | 6.9% | ||
| Q2 25 | 2.4% | 6.3% | ||
| Q1 25 | 2.2% | 7.6% | ||
| Q4 24 | 5.8% | 7.9% | ||
| Q3 24 | 2.8% | 7.0% | ||
| Q2 24 | 3.5% | 7.1% |
现金转化率SAMWMS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.88× | ||
| Q3 25 | 2.21× | 1.51× | ||
| Q2 25 | 2.09× | 1.91× | ||
| Q1 25 | 0.08× | 0.53× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | 3.46× | 1.28× | ||
| Q2 24 | 1.83× | 1.14× |
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
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
