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SONOCO PRODUCTS CO（SON）与Constellation Brands（STZ）财务数据对比。点击上方公司名可切换其他公司
Constellation Brands的季度营收约是SONOCO PRODUCTS CO的1.3倍（$2.2B vs $1.7B），Constellation Brands净利率更高（22.6% vs 4.1%，领先18.6%），SONOCO PRODUCTS CO同比增速更快（-1.9% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $-428.3B），过去两年Constellation Brands的营收复合增速更高（1.9% vs 1.2%）
索诺科产品公司是美国多元化包装服务商，主营消费包装、工业产品、防护包装及包装供应链服务，是全球最大的复合罐、纸管和纸芯生产商。公司成立于1889年，年净销售额约73亿美元，在33个国家设有超335个运营点，员工1.99万名，业务覆盖超85个国家，总部位于南卡罗来纳州哈茨维尔。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
SON vs STZ — 直观对比
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.2B |
| 净利润 | $68.0M | $502.8M |
| 毛利率 | 20.6% | 53.2% |
| 营业利润率 | 7.6% | 31.1% |
| 净利率 | 4.1% | 22.6% |
| 营收同比 | -1.9% | -9.8% |
| 净利润同比 | 25.9% | -18.4% |
| 每股收益（稀释后） | $0.68 | — |
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
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $2.1B | $2.5B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | $1.7B | $2.9B | ||
| Q2 24 | $1.6B | $2.7B |
| Q1 26 | $68.0M | — | ||
| Q4 25 | $332.2M | $502.8M | ||
| Q3 25 | $122.9M | $466.0M | ||
| Q2 25 | $493.4M | $516.1M | ||
| Q1 25 | $54.4M | $-375.3M | ||
| Q4 24 | — | $615.9M | ||
| Q3 24 | $50.9M | $-1.2B | ||
| Q2 24 | $90.8M | $877.0M |
| Q1 26 | 20.6% | — | ||
| Q4 25 | 19.6% | 53.2% | ||
| Q3 25 | 21.9% | 52.8% | ||
| Q2 25 | 21.3% | 50.4% | ||
| Q1 25 | 20.7% | 51.5% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | 21.4% | 51.8% | ||
| Q2 24 | 22.0% | 52.7% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 29.4% | 31.1% | ||
| Q3 25 | 9.1% | 35.2% | ||
| Q2 25 | 9.2% | 28.4% | ||
| Q1 25 | 7.4% | -6.9% | ||
| Q4 24 | — | 32.2% | ||
| Q3 24 | 7.6% | -42.1% | ||
| Q2 24 | 8.6% | 35.4% |
| Q1 26 | 4.1% | — | ||
| Q4 25 | 18.8% | 22.6% | ||
| Q3 25 | 5.8% | 18.8% | ||
| Q2 25 | 25.8% | 20.5% | ||
| Q1 25 | 3.2% | -17.3% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | 3.0% | -41.1% | ||
| Q2 24 | 5.6% | 32.9% |
| Q1 26 | $0.68 | — | ||
| Q4 25 | $3.33 | — | ||
| Q3 25 | $1.23 | — | ||
| Q2 25 | $4.96 | — | ||
| Q1 25 | $0.55 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.51 | — | ||
| Q2 24 | $0.92 | — |
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 | $224.5M | $152.4M |
| 总债务越低越好 | $3.5B | $10.3B |
| 股东权益账面价值 | $3.6B | $7.7B |
| 总资产 | $11.1B | $21.7B |
| 负债/权益比越低杠杆越低 | 0.97× | 1.33× |
8季度趋势，按日历期对齐
| Q1 26 | $224.5M | — | ||
| Q4 25 | $378.4M | $152.4M | ||
| Q3 25 | $244.9M | $72.0M | ||
| Q2 25 | $329.8M | $73.9M | ||
| Q1 25 | $181.8M | $68.1M | ||
| Q4 24 | — | $73.7M | ||
| Q3 24 | $1.9B | $64.6M | ||
| Q2 24 | $140.2M | $73.8M |
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.8B | $10.3B | ||
| Q3 25 | $3.8B | $10.3B | ||
| Q2 25 | $5.0B | $11.2B | ||
| Q1 25 | $5.0B | $10.7B | ||
| Q4 24 | — | $10.7B | ||
| Q3 24 | $4.3B | $11.1B | ||
| Q2 24 | $2.5B | $11.1B |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $7.7B | ||
| Q3 25 | $3.3B | $7.5B | ||
| Q2 25 | $3.2B | $7.3B | ||
| Q1 25 | $2.4B | $6.9B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | $2.5B | $7.9B | ||
| Q2 24 | $2.4B | $10.3B |
| Q1 26 | $11.1B | — | ||
| Q4 25 | $11.2B | $21.7B | ||
| Q3 25 | $11.7B | $21.4B | ||
| Q2 25 | $12.0B | $22.3B | ||
| Q1 25 | $12.7B | $21.7B | ||
| Q4 24 | — | $22.8B | ||
| Q3 24 | $9.0B | $23.1B | ||
| Q2 24 | $7.2B | $26.1B |
| Q1 26 | 0.97× | — | ||
| Q4 25 | 1.05× | 1.33× | ||
| Q3 25 | 1.15× | 1.37× | ||
| Q2 25 | 1.54× | 1.54× | ||
| Q1 25 | 2.03× | 1.55× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | 1.74× | 1.41× | ||
| Q2 24 | 1.04× | 1.08× |
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 | — | $616.9M |
| 自由现金流经营现金流 - 资本支出 | $-428.3B | $370.9M |
| 自由现金流率自由现金流/营收 | -25547.4% | 16.7% |
| 资本支出强度资本支出/营收 | 3600.5% | 11.1% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | $-427.6B | $1.8B |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $412.9M | $616.9M | ||
| Q3 25 | $291.5M | $852.1M | ||
| Q2 25 | $193.4M | $637.2M | ||
| Q1 25 | $-208.1M | $594.7M | ||
| Q4 24 | — | $685.2M | ||
| Q3 24 | $162.1M | $1.2B | ||
| Q2 24 | $109.3M | $690.5M |
| Q1 26 | $-428.3B | — | ||
| Q4 25 | $322.3M | $370.9M | ||
| Q3 25 | $225.6M | $634.8M | ||
| Q2 25 | $98.6M | $444.4M | ||
| Q1 25 | $-300.8M | $312.1M | ||
| Q4 24 | — | $456.8M | ||
| Q3 24 | $70.5M | $854.0M | ||
| Q2 24 | $16.0M | $315.2M |
| Q1 26 | -25547.4% | — | ||
| Q4 25 | 18.2% | 16.7% | ||
| Q3 25 | 10.6% | 25.6% | ||
| Q2 25 | 5.2% | 17.7% | ||
| Q1 25 | -17.6% | 14.4% | ||
| Q4 24 | — | 18.5% | ||
| Q3 24 | 4.2% | 29.3% | ||
| Q2 24 | 1.0% | 11.8% |
| Q1 26 | 3600.5% | — | ||
| Q4 25 | 5.1% | 11.1% | ||
| Q3 25 | 3.1% | 8.8% | ||
| Q2 25 | 5.0% | 7.7% | ||
| Q1 25 | 5.4% | 13.1% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 5.5% | 11.2% | ||
| Q2 24 | 5.7% | 14.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | 1.23× | ||
| Q3 25 | 2.37× | 1.83× | ||
| Q2 25 | 0.39× | 1.23× | ||
| Q1 25 | -3.82× | — | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 3.18× | — | ||
| Q2 24 | 1.20× | 0.79× |
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
SON
| Consumer Packaging | $1.1B | 65% |
| Industrial Paper Packaging | $587.5M | 35% |
| All Other | $55.1M | 3% |
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
