vs
Constellation Brands（STZ）与Atlassian Corp（TEAM）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Atlassian Corp的1.4倍（$2.2B vs $1.6B），Constellation Brands净利率更高（22.6% vs -2.7%，领先25.3%），Atlassian Corp同比增速更快（23.3% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $168.5M）
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。
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
STZ vs TEAM — 直观对比
营收规模更大
STZ
是对方的1.4倍
$1.6B
营收增速更快
TEAM
高出33.1%
-9.8%
净利率更高
STZ
高出25.3%
-2.7%
自由现金流更多
STZ
多$202.4M
$168.5M
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.6B |
| 净利润 | $502.8M | $-42.6M |
| 毛利率 | 53.2% | 85.0% |
| 营业利润率 | 31.1% | -3.0% |
| 净利率 | 22.6% | -2.7% |
| 营收同比 | -9.8% | 23.3% |
| 净利润同比 | -18.4% | -11.6% |
| 每股收益（稀释后） | — | $-0.16 |
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STZTEAM
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.2B | $1.4B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.9B | $1.2B | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.1B | $1.2B |
净利润STZTEAM
| Q4 25 | $502.8M | $-42.6M | ||
| Q3 25 | $466.0M | $-51.9M | ||
| Q2 25 | $516.1M | $-23.9M | ||
| Q1 25 | $-375.3M | $-70.8M | ||
| Q4 24 | $615.9M | $-38.2M | ||
| Q3 24 | $-1.2B | $-123.8M | ||
| Q2 24 | $877.0M | — | ||
| Q1 24 | $392.4M | $12.8M |
毛利率STZTEAM
| Q4 25 | 53.2% | 85.0% | ||
| Q3 25 | 52.8% | 82.0% | ||
| Q2 25 | 50.4% | 83.1% | ||
| Q1 25 | 51.5% | 83.8% | ||
| Q4 24 | 52.1% | 82.7% | ||
| Q3 24 | 51.8% | 81.7% | ||
| Q2 24 | 52.7% | — | ||
| Q1 24 | 48.6% | 82.1% |
营业利润率STZTEAM
| Q4 25 | 31.1% | -3.0% | ||
| Q3 25 | 35.2% | -6.7% | ||
| Q2 25 | 28.4% | -2.1% | ||
| Q1 25 | -6.9% | -0.9% | ||
| Q4 24 | 32.2% | -4.5% | ||
| Q3 24 | -42.1% | -2.7% | ||
| Q2 24 | 35.4% | — | ||
| Q1 24 | 29.4% | 1.5% |
净利率STZTEAM
| Q4 25 | 22.6% | -2.7% | ||
| Q3 25 | 18.8% | -3.6% | ||
| Q2 25 | 20.5% | -1.7% | ||
| Q1 25 | -17.3% | -5.2% | ||
| Q4 24 | 25.0% | -3.0% | ||
| Q3 24 | -41.1% | -10.4% | ||
| Q2 24 | 32.9% | — | ||
| Q1 24 | 18.3% | 1.1% |
每股收益（稀释后）STZTEAM
| Q4 25 | — | $-0.16 | ||
| Q3 25 | — | $-0.20 | ||
| Q2 25 | — | $-0.08 | ||
| Q1 25 | — | $-0.27 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.48 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $0.05 |
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 | $152.4M | $1.6B |
| 总债务越低越好 | $10.3B | — |
| 股东权益账面价值 | $7.7B | $1.6B |
| 总资产 | $21.7B | $6.2B |
| 负债/权益比越低杠杆越低 | 1.33× | — |
8季度趋势，按日历期对齐
现金及短期投资STZTEAM
| Q4 25 | $152.4M | $1.6B | ||
| Q3 25 | $72.0M | $2.8B | ||
| Q2 25 | $73.9M | $2.9B | ||
| Q1 25 | $68.1M | $3.0B | ||
| Q4 24 | $73.7M | $2.5B | ||
| Q3 24 | $64.6M | $2.2B | ||
| Q2 24 | $73.8M | — | ||
| Q1 24 | $152.4M | $2.1B |
总债务STZTEAM
| Q4 25 | $10.3B | — | ||
| Q3 25 | $10.3B | — | ||
| Q2 25 | $11.2B | — | ||
| Q1 25 | $10.7B | — | ||
| Q4 24 | $10.7B | — | ||
| Q3 24 | $11.1B | — | ||
| Q2 24 | $11.1B | — | ||
| Q1 24 | $11.6B | — |
股东权益STZTEAM
| Q4 25 | $7.7B | $1.6B | ||
| Q3 25 | $7.5B | $1.4B | ||
| Q2 25 | $7.3B | $1.3B | ||
| Q1 25 | $6.9B | $1.4B | ||
| Q4 24 | $7.8B | $1.2B | ||
| Q3 24 | $7.9B | $1.0B | ||
| Q2 24 | $10.3B | — | ||
| Q1 24 | $9.7B | $1.1B |
总资产STZTEAM
| Q4 25 | $21.7B | $6.2B | ||
| Q3 25 | $21.4B | $5.7B | ||
| Q2 25 | $22.3B | $6.0B | ||
| Q1 25 | $21.7B | $5.9B | ||
| Q4 24 | $22.8B | $5.4B | ||
| Q3 24 | $23.1B | $5.0B | ||
| Q2 24 | $26.1B | — | ||
| Q1 24 | $25.7B | $5.1B |
负债/权益比STZTEAM
| Q4 25 | 1.33× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 1.54× | — | ||
| Q1 25 | 1.55× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.08× | — | ||
| Q1 24 | 1.19× | — |
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 | $177.8M |
| 自由现金流经营现金流 - 资本支出 | $370.9M | $168.5M |
| 自由现金流率自由现金流/营收 | 16.7% | 10.6% |
| 资本支出强度资本支出/营收 | 11.1% | 0.6% |
| 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 | $1.8B | $1.3B |
8季度趋势，按日历期对齐
经营现金流STZTEAM
| Q4 25 | $616.9M | $177.8M | ||
| Q3 25 | $852.1M | $128.7M | ||
| Q2 25 | $637.2M | $375.3M | ||
| Q1 25 | $594.7M | $652.7M | ||
| Q4 24 | $685.2M | $351.9M | ||
| Q3 24 | $1.2B | $80.5M | ||
| Q2 24 | $690.5M | — | ||
| Q1 24 | $433.2M | $565.4M |
自由现金流STZTEAM
| Q4 25 | $370.9M | $168.5M | ||
| Q3 25 | $634.8M | $114.6M | ||
| Q2 25 | $444.4M | $360.3M | ||
| Q1 25 | $312.1M | $638.3M | ||
| Q4 24 | $456.8M | $342.6M | ||
| Q3 24 | $854.0M | $74.3M | ||
| Q2 24 | $315.2M | — | ||
| Q1 24 | $76.0M | $554.9M |
自由现金流率STZTEAM
| Q4 25 | 16.7% | 10.6% | ||
| Q3 25 | 25.6% | 8.0% | ||
| Q2 25 | 17.7% | 26.0% | ||
| Q1 25 | 14.4% | 47.0% | ||
| Q4 24 | 18.5% | 26.6% | ||
| Q3 24 | 29.3% | 6.3% | ||
| Q2 24 | 11.8% | — | ||
| Q1 24 | 3.6% | 46.7% |
资本支出强度STZTEAM
| Q4 25 | 11.1% | 0.6% | ||
| Q3 25 | 8.8% | 1.0% | ||
| Q2 25 | 7.7% | 1.1% | ||
| Q1 25 | 13.1% | 1.1% | ||
| Q4 24 | 9.3% | 0.7% | ||
| Q3 24 | 11.2% | 0.5% | ||
| Q2 24 | 14.1% | — | ||
| Q1 24 | 16.7% | 0.9% |
现金转化率STZTEAM
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.83× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 1.10× | 44.34× |
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
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
