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BOSTON BEER CO INC（SAM）与W. P. Carey Inc.（WPC）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W. P. Carey Inc.的1.0倍（$461.6M vs $444.5M），W. P. Carey Inc.同比增速更快（9.4% vs -4.1%），过去两年W. P. Carey Inc.的营收复合增速更高（6.8% 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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
SAM vs WPC — 直观对比
营收规模更大
SAM
是对方的1.0倍
$444.5M
营收增速更快
WPC
高出13.6%
-4.1%
两年增速更快
WPC
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $461.6M | $444.5M |
| 净利润 | — | $148.3M |
| 毛利率 | 46.4% | — |
| 营业利润率 | 12.4% | 34.5% |
| 净利率 | — | 33.4% |
| 营收同比 | -4.1% | 9.4% |
| 净利润同比 | — | 215.4% |
| 每股收益（稀释后） | $2.16 | — |
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SAMWPC
| Q1 26 | $461.6M | — | ||
| Q4 25 | $385.7M | $444.5M | ||
| Q3 25 | $537.5M | $431.3M | ||
| Q2 25 | $587.9M | $430.8M | ||
| Q1 25 | $453.9M | $409.9M | ||
| Q4 24 | $402.3M | $406.2M | ||
| Q3 24 | $605.5M | $397.4M | ||
| Q2 24 | $579.1M | $389.7M |
净利润SAMWPC
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $148.3M | ||
| Q3 25 | $46.2M | $141.0M | ||
| Q2 25 | $60.4M | $51.2M | ||
| Q1 25 | $24.4M | $125.8M | ||
| Q4 24 | $-38.8M | $47.0M | ||
| Q3 24 | $33.5M | $111.7M | ||
| Q2 24 | $52.3M | $142.9M |
毛利率SAMWPC
| 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SAMWPC
| Q1 26 | 12.4% | — | ||
| Q4 25 | -8.6% | 34.5% | ||
| Q3 25 | 11.5% | 34.7% | ||
| Q2 25 | 14.0% | 15.0% | ||
| Q1 25 | 7.4% | 33.5% | ||
| Q4 24 | -13.9% | 13.5% | ||
| Q3 24 | 7.6% | 30.4% | ||
| Q2 24 | 12.2% | 38.3% |
净利率SAMWPC
| Q1 26 | — | — | ||
| Q4 25 | -5.8% | 33.4% | ||
| Q3 25 | 8.6% | 32.7% | ||
| Q2 25 | 10.3% | 11.9% | ||
| Q1 25 | 5.4% | 30.7% | ||
| Q4 24 | -9.6% | 11.6% | ||
| Q3 24 | 5.5% | 28.1% | ||
| Q2 24 | 9.0% | 36.7% |
每股收益（稀释后）SAMWPC
| Q1 26 | $2.16 | — | ||
| Q4 25 | $-1.97 | — | ||
| Q3 25 | $4.25 | — | ||
| Q2 25 | $5.45 | — | ||
| Q1 25 | $2.16 | — | ||
| Q4 24 | $-3.23 | — | ||
| Q3 24 | $2.86 | — | ||
| Q2 24 | $4.39 | — |
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 | $155.3M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | $682.6M | $8.1B |
| 总资产 | $1.2B | $18.0B |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资SAMWPC
| Q1 26 | $164.1M | — | ||
| Q4 25 | $223.4M | $155.3M | ||
| Q3 25 | $250.5M | $249.0M | ||
| Q2 25 | $212.4M | $244.8M | ||
| Q1 25 | $152.5M | $187.8M | ||
| Q4 24 | $211.8M | $640.4M | ||
| Q3 24 | $255.6M | $818.2M | ||
| Q2 24 | $219.3M | $1.1B |
总债务SAMWPC
| Q1 26 | — | — | ||
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $8.1B |
股东权益SAMWPC
| Q1 26 | $682.6M | — | ||
| Q4 25 | $846.3M | $8.1B | ||
| Q3 25 | $911.0M | $8.2B | ||
| Q2 25 | $912.3M | $8.2B | ||
| Q1 25 | $897.0M | $8.4B | ||
| Q4 24 | $916.2M | $8.4B | ||
| Q3 24 | $1.0B | $8.6B | ||
| Q2 24 | $1.0B | $8.6B |
总资产SAMWPC
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $18.0B | ||
| Q3 25 | $1.2B | $18.0B | ||
| Q2 25 | $1.3B | $18.0B | ||
| Q1 25 | $1.2B | $17.3B | ||
| Q4 24 | $1.3B | $17.5B | ||
| Q3 24 | $1.4B | $17.6B | ||
| Q2 24 | $1.4B | $17.8B |
负债/权益比SAMWPC
| Q1 26 | — | — | ||
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 0.95× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.94× |
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 | — | $304.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 2.05× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流SAMWPC
| Q1 26 | — | — | ||
| Q4 25 | $39.9M | $304.6M | ||
| Q3 25 | $101.8M | $300.5M | ||
| Q2 25 | $126.5M | $404.0M | ||
| Q1 25 | $1.9M | $273.2M | ||
| Q4 24 | $41.9M | $296.3M | ||
| Q3 24 | $115.9M | $280.2M | ||
| Q2 24 | $96.0M | $221.0M |
自由现金流SAMWPC
| Q1 26 | — | — | ||
| Q4 25 | $22.1M | — | ||
| Q3 25 | $89.2M | — | ||
| Q2 25 | $112.2M | — | ||
| Q1 25 | $-8.0M | — | ||
| Q4 24 | $18.4M | — | ||
| Q3 24 | $99.2M | — | ||
| Q2 24 | $75.6M | — |
自由现金流率SAMWPC
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 16.4% | — | ||
| Q2 24 | 13.1% | — |
资本支出强度SAMWPC
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 3.5% | — |
现金转化率SAMWPC
| Q1 26 | — | — | ||
| Q4 25 | — | 2.05× | ||
| Q3 25 | 2.21× | 2.13× | ||
| Q2 25 | 2.09× | 7.89× | ||
| Q1 25 | 0.08× | 2.17× | ||
| Q4 24 | — | 6.30× | ||
| Q3 24 | 3.46× | 2.51× | ||
| Q2 24 | 1.83× | 1.55× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
