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BOSTON BEER CO INC（SAM）与ZIONS BANCORPORATION, NATIONAL ASSOCIATION（ZION）财务数据对比。点击上方公司名可切换其他公司
ZIONS BANCORPORATION, NATIONAL ASSOCIATION的季度营收约是BOSTON BEER CO INC的1.9倍（$891.0M vs $461.6M），ZIONS BANCORPORATION, NATIONAL ASSOCIATION同比增速更快（8.7% vs -4.1%），过去两年ZIONS BANCORPORATION, NATIONAL ASSOCIATION的营收复合增速更高（9.6% 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。
Zions Bancorporation是总部位于美国犹他州盐湖城的全国性银行，并非银行控股公司。旗下共运营七大银行品牌，包括Zions银行、德州Amegy银行、加州信托银行、亚利桑那国家银行、内华达州立银行、科罗拉多Vectra银行及华盛顿商业银行，业务覆盖美国多地。
SAM vs ZION — 直观对比
营收规模更大
ZION
是对方的1.9倍
$461.6M
营收增速更快
ZION
高出12.8%
-4.1%
两年增速更快
ZION
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $461.6M | $891.0M |
| 净利润 | — | $263.0M |
| 毛利率 | 46.4% | — |
| 营业利润率 | 12.4% | — |
| 净利率 | — | 29.5% |
| 营收同比 | -4.1% | 8.7% |
| 净利润同比 | — | 21.8% |
| 每股收益（稀释后） | $2.16 | $1.77 |
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SAMZION
| Q1 26 | $461.6M | — | ||
| Q4 25 | $385.7M | $891.0M | ||
| Q3 25 | $537.5M | $861.0M | ||
| Q2 25 | $587.9M | $838.0M | ||
| Q1 25 | $453.9M | $795.0M | ||
| Q4 24 | $402.3M | $820.0M | ||
| Q3 24 | $605.5M | $792.0M | ||
| Q2 24 | $579.1M | $777.0M |
净利润SAMZION
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $263.0M | ||
| Q3 25 | $46.2M | $222.0M | ||
| Q2 25 | $60.4M | $244.0M | ||
| Q1 25 | $24.4M | $170.0M | ||
| Q4 24 | $-38.8M | $216.0M | ||
| Q3 24 | $33.5M | $214.0M | ||
| Q2 24 | $52.3M | $201.0M |
毛利率SAMZION
| 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SAMZION
| Q1 26 | 12.4% | — | ||
| Q4 25 | -8.6% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 7.4% | — | ||
| Q4 24 | -13.9% | — | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | 12.2% | — |
净利率SAMZION
| Q1 26 | — | — | ||
| Q4 25 | -5.8% | 29.5% | ||
| Q3 25 | 8.6% | 25.8% | ||
| Q2 25 | 10.3% | 29.1% | ||
| Q1 25 | 5.4% | 21.4% | ||
| Q4 24 | -9.6% | 26.3% | ||
| Q3 24 | 5.5% | 27.0% | ||
| Q2 24 | 9.0% | 25.9% |
每股收益（稀释后）SAMZION
| Q1 26 | $2.16 | — | ||
| Q4 25 | $-1.97 | $1.77 | ||
| Q3 25 | $4.25 | $1.48 | ||
| Q2 25 | $5.45 | $1.63 | ||
| Q1 25 | $2.16 | $1.13 | ||
| Q4 24 | $-3.23 | $1.34 | ||
| Q3 24 | $2.86 | $1.37 | ||
| Q2 24 | $4.39 | $1.28 |
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 | — |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $682.6M | $7.2B |
| 总资产 | $1.2B | $89.0B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资SAMZION
| Q1 26 | $164.1M | — | ||
| Q4 25 | $223.4M | — | ||
| Q3 25 | $250.5M | — | ||
| Q2 25 | $212.4M | — | ||
| Q1 25 | $152.5M | — | ||
| Q4 24 | $211.8M | — | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $219.3M | — |
总债务SAMZION
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $970.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | — | $950.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $546.0M |
股东权益SAMZION
| Q1 26 | $682.6M | — | ||
| Q4 25 | $846.3M | $7.2B | ||
| Q3 25 | $911.0M | $6.9B | ||
| Q2 25 | $912.3M | $6.6B | ||
| Q1 25 | $897.0M | $6.3B | ||
| Q4 24 | $916.2M | $6.1B | ||
| Q3 24 | $1.0B | $6.4B | ||
| Q2 24 | $1.0B | $6.0B |
总资产SAMZION
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $89.0B | ||
| Q3 25 | $1.2B | $88.5B | ||
| Q2 25 | $1.3B | $88.9B | ||
| Q1 25 | $1.2B | $88.0B | ||
| Q4 24 | $1.3B | $88.8B | ||
| Q3 24 | $1.4B | $87.0B | ||
| Q2 24 | $1.4B | $87.6B |
负债/权益比SAMZION
| Q1 26 | — | — | ||
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.09× |
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 | — | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $952.0M |
| 自由现金流率自由现金流/营收 | — | 106.8% |
| 资本支出强度资本支出/营收 | — | 13.6% |
| 现金转化率经营现金流/净利润 | — | 4.08× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流SAMZION
| Q1 26 | — | — | ||
| Q4 25 | $39.9M | $1.1B | ||
| Q3 25 | $101.8M | $438.0M | ||
| Q2 25 | $126.5M | $-62.0M | ||
| Q1 25 | $1.9M | $179.0M | ||
| Q4 24 | $41.9M | $1.1B | ||
| Q3 24 | $115.9M | $119.0M | ||
| Q2 24 | $96.0M | $251.0M |
自由现金流SAMZION
| Q1 26 | — | — | ||
| Q4 25 | $22.1M | $952.0M | ||
| Q3 25 | $89.2M | $413.0M | ||
| Q2 25 | $112.2M | $-93.0M | ||
| Q1 25 | $-8.0M | $152.0M | ||
| Q4 24 | $18.4M | $1.1B | ||
| Q3 24 | $99.2M | $97.0M | ||
| Q2 24 | $75.6M | $234.0M |
自由现金流率SAMZION
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 106.8% | ||
| Q3 25 | 16.6% | 48.0% | ||
| Q2 25 | 19.1% | -11.1% | ||
| Q1 25 | -1.8% | 19.1% | ||
| Q4 24 | 4.6% | 128.2% | ||
| Q3 24 | 16.4% | 12.2% | ||
| Q2 24 | 13.1% | 30.1% |
资本支出强度SAMZION
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 13.6% | ||
| Q3 25 | 2.3% | 2.9% | ||
| Q2 25 | 2.4% | 3.7% | ||
| Q1 25 | 2.2% | 3.4% | ||
| Q4 24 | 5.8% | 11.8% | ||
| Q3 24 | 2.8% | 2.8% | ||
| Q2 24 | 3.5% | 2.2% |
现金转化率SAMZION
| Q1 26 | — | — | ||
| Q4 25 | — | 4.08× | ||
| Q3 25 | 2.21× | 1.97× | ||
| Q2 25 | 2.09× | -0.25× | ||
| Q1 25 | 0.08× | 1.05× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | 3.46× | 0.56× | ||
| Q2 24 | 1.83× | 1.25× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
