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BOSTON BEER CO INC（SAM）与WORTHINGTON ENTERPRISES, INC.（WOR）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WORTHINGTON ENTERPRISES, INC.的1.2倍（$385.7M vs $327.5M），WORTHINGTON ENTERPRISES, INC.净利率更高（8.3% vs -5.8%，领先14.2%），WORTHINGTON ENTERPRISES, INC.同比增速更快（19.5% vs -4.1%），WORTHINGTON ENTERPRISES, INC.自由现金流更多（$39.1M vs $22.1M）
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。
沃辛顿实业是一家总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑产品两大业务板块，设计生产丙烷、氧气、氦气压力容器，制冷及工业气瓶，露营与家用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等多元化产品。
SAM vs WOR — 直观对比
营收规模更大
SAM
是对方的1.2倍
$327.5M
营收增速更快
WOR
高出23.6%
-4.1%
净利率更高
WOR
高出14.2%
-5.8%
自由现金流更多
WOR
多$17.0M
$22.1M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $385.7M | $327.5M |
| 净利润 | $-22.5M | $27.3M |
| 毛利率 | 43.5% | 25.8% |
| 营业利润率 | -8.6% | 3.7% |
| 净利率 | -5.8% | 8.3% |
| 营收同比 | -4.1% | 19.5% |
| 净利润同比 | 41.9% | -3.3% |
| 每股收益（稀释后） | $-1.97 | $0.55 |
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SAMWOR
| Q4 25 | $385.7M | $327.5M | ||
| Q3 25 | $537.5M | $303.7M | ||
| Q2 25 | $587.9M | — | ||
| Q1 25 | $453.9M | — | ||
| Q4 24 | $402.3M | — | ||
| Q3 24 | $605.5M | — | ||
| Q2 24 | $579.1M | — | ||
| Q1 24 | $426.1M | — |
净利润SAMWOR
| Q4 25 | $-22.5M | $27.3M | ||
| Q3 25 | $46.2M | $35.1M | ||
| Q2 25 | $60.4M | — | ||
| Q1 25 | $24.4M | — | ||
| Q4 24 | $-38.8M | — | ||
| Q3 24 | $33.5M | — | ||
| Q2 24 | $52.3M | — | ||
| Q1 24 | $12.6M | — |
毛利率SAMWOR
| Q4 25 | 43.5% | 25.8% | ||
| Q3 25 | 50.8% | 27.1% | ||
| Q2 25 | 49.8% | — | ||
| Q1 25 | 48.3% | — | ||
| Q4 24 | 39.9% | — | ||
| Q3 24 | 46.3% | — | ||
| Q2 24 | 46.0% | — | ||
| Q1 24 | 43.7% | — |
营业利润率SAMWOR
| Q4 25 | -8.6% | 3.7% | ||
| Q3 25 | 11.5% | 3.0% | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 7.4% | — | ||
| Q4 24 | -13.9% | — | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | 12.2% | — | ||
| Q1 24 | 3.6% | — |
净利率SAMWOR
| Q4 25 | -5.8% | 8.3% | ||
| Q3 25 | 8.6% | 11.6% | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | -9.6% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 9.0% | — | ||
| Q1 24 | 3.0% | — |
每股收益（稀释后）SAMWOR
| Q4 25 | $-1.97 | $0.55 | ||
| Q3 25 | $4.25 | $0.70 | ||
| Q2 25 | $5.45 | — | ||
| Q1 25 | $2.16 | — | ||
| Q4 24 | $-3.23 | — | ||
| Q3 24 | $2.86 | — | ||
| Q2 24 | $4.39 | — | ||
| Q1 24 | $1.04 | — |
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 | $180.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.3M | $962.6M |
| 总资产 | $1.2B | $1.8B |
| 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SAMWOR
| Q4 25 | $223.4M | $180.3M | ||
| Q3 25 | $250.5M | $167.1M | ||
| Q2 25 | $212.4M | — | ||
| Q1 25 | $152.5M | — | ||
| Q4 24 | $211.8M | — | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $219.3M | — | ||
| Q1 24 | $205.4M | — |
股东权益SAMWOR
| Q4 25 | $846.3M | $962.6M | ||
| Q3 25 | $911.0M | $959.1M | ||
| Q2 25 | $912.3M | — | ||
| Q1 25 | $897.0M | — | ||
| Q4 24 | $916.2M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
总资产SAMWOR
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
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 | $51.5M |
| 自由现金流经营现金流 - 资本支出 | $22.1M | $39.1M |
| 自由现金流率自由现金流/营收 | 5.7% | 11.9% |
| 资本支出强度资本支出/营收 | 4.6% | 3.8% |
| 现金转化率经营现金流/净利润 | — | 1.89× |
| 过去12个月自由现金流最近4个季度 | $215.6M | — |
8季度趋势，按日历期对齐
经营现金流SAMWOR
| Q4 25 | $39.9M | $51.5M | ||
| Q3 25 | $101.8M | $41.1M | ||
| Q2 25 | $126.5M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $41.9M | — | ||
| Q3 24 | $115.9M | — | ||
| Q2 24 | $96.0M | — | ||
| Q1 24 | $-4.9M | — |
自由现金流SAMWOR
| Q4 25 | $22.1M | $39.1M | ||
| Q3 25 | $89.2M | $27.9M | ||
| Q2 25 | $112.2M | — | ||
| Q1 25 | $-8.0M | — | ||
| Q4 24 | $18.4M | — | ||
| Q3 24 | $99.2M | — | ||
| Q2 24 | $75.6M | — | ||
| Q1 24 | $-20.6M | — |
自由现金流率SAMWOR
| Q4 25 | 5.7% | 11.9% | ||
| Q3 25 | 16.6% | 9.2% | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 16.4% | — | ||
| Q2 24 | 13.1% | — | ||
| Q1 24 | -4.8% | — |
资本支出强度SAMWOR
| Q4 25 | 4.6% | 3.8% | ||
| Q3 25 | 2.3% | 4.3% | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.7% | — |
现金转化率SAMWOR
| Q4 25 | — | 1.89× | ||
| Q3 25 | 2.21× | 1.17× | ||
| Q2 25 | 2.09× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.46× | — | ||
| Q2 24 | 1.83× | — | ||
| 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
业务分部营收拆解
SAM
暂无分部数据
WOR
| Building Products | $207.5M | 63% |
| Equity Method Investment Nonconsolidated Investee Other | $120.7M | 37% |
