vs
Constellation Brands（STZ）与凯旋（TFIN）财务数据对比。点击上方公司名可切换其他公司
凯旋的季度营收约是Constellation Brands的1.1倍（$2.4B vs $2.2B），Constellation Brands净利率更高（22.6% vs 0.3%，领先22.4%），凯旋同比增速更快（2.6% vs -9.8%），过去两年凯旋的营收复合增速更高（377.6% vs 1.9%）
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。
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
STZ vs TFIN — 直观对比
营收规模更大
TFIN
是对方的1.1倍
$2.2B
营收增速更快
TFIN
高出12.3%
-9.8%
净利率更高
STZ
高出22.4%
0.3%
两年增速更快
TFIN
近两年复合增速
1.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.4B |
| 净利润 | $502.8M | $6.4M |
| 毛利率 | 53.2% | 86.1% |
| 营业利润率 | 31.1% | — |
| 净利率 | 22.6% | 0.3% |
| 营收同比 | -9.8% | 2.6% |
| 净利润同比 | -18.4% | -66.9% |
| 每股收益（稀释后） | — | $0.23 |
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STZTFIN
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.2B | $120.1M | ||
| Q3 25 | $2.5B | $109.3M | ||
| Q2 25 | $2.5B | $108.1M | ||
| Q1 25 | $2.2B | $101.6M | ||
| Q4 24 | $2.5B | $103.6M | ||
| Q3 24 | $2.9B | $106.2M | ||
| Q2 24 | $2.7B | $105.1M |
净利润STZTFIN
| Q1 26 | — | $6.4M | ||
| Q4 25 | $502.8M | — | ||
| Q3 25 | $466.0M | $1.7M | ||
| Q2 25 | $516.1M | $4.4M | ||
| Q1 25 | $-375.3M | $17.0K | ||
| Q4 24 | $615.9M | $3.8M | ||
| Q3 24 | $-1.2B | $5.3M | ||
| Q2 24 | $877.0M | $2.7M |
毛利率STZTFIN
| Q1 26 | — | 86.1% | ||
| Q4 25 | 53.2% | — | ||
| Q3 25 | 52.8% | — | ||
| Q2 25 | 50.4% | — | ||
| Q1 25 | 51.5% | — | ||
| Q4 24 | 52.1% | — | ||
| Q3 24 | 51.8% | — | ||
| Q2 24 | 52.7% | — |
营业利润率STZTFIN
| Q1 26 | — | — | ||
| Q4 25 | 31.1% | — | ||
| Q3 25 | 35.2% | 1.2% | ||
| Q2 25 | 28.4% | 7.3% | ||
| Q1 25 | -6.9% | 0.1% | ||
| Q4 24 | 32.2% | 5.6% | ||
| Q3 24 | -42.1% | 5.9% | ||
| Q2 24 | 35.4% | 3.4% |
净利率STZTFIN
| Q1 26 | — | 0.3% | ||
| Q4 25 | 22.6% | — | ||
| Q3 25 | 18.8% | 1.6% | ||
| Q2 25 | 20.5% | 4.1% | ||
| Q1 25 | -17.3% | 0.0% | ||
| Q4 24 | 25.0% | 3.7% | ||
| Q3 24 | -41.1% | 5.0% | ||
| Q2 24 | 32.9% | 2.6% |
每股收益（稀释后）STZTFIN
| Q1 26 | — | $0.23 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0.04 | ||
| Q2 25 | — | $0.15 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $0.08 |
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 | — |
| 总债务越低越好 | $10.3B | — |
| 股东权益账面价值 | $7.7B | $950.7M |
| 总资产 | $21.7B | $6.9B |
| 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STZTFIN
| Q1 26 | — | — | ||
| Q4 25 | $152.4M | $248.5M | ||
| Q3 25 | $72.0M | $147.2M | ||
| Q2 25 | $73.9M | $282.3M | ||
| Q1 25 | $68.1M | $502.9M | ||
| Q4 24 | $73.7M | $330.1M | ||
| Q3 24 | $64.6M | $489.3M | ||
| Q2 24 | $73.8M | $500.7M |
总债务STZTFIN
| Q1 26 | — | — | ||
| 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 | — |
股东权益STZTFIN
| Q1 26 | — | $950.7M | ||
| Q4 25 | $7.7B | $941.8M | ||
| Q3 25 | $7.5B | $919.3M | ||
| Q2 25 | $7.3B | $912.4M | ||
| Q1 25 | $6.9B | $893.9M | ||
| Q4 24 | $7.8B | $890.9M | ||
| Q3 24 | $7.9B | $885.8M | ||
| Q2 24 | $10.3B | $874.2M |
总资产STZTFIN
| Q1 26 | — | $6.9B | ||
| Q4 25 | $21.7B | $6.4B | ||
| Q3 25 | $21.4B | $6.4B | ||
| Q2 25 | $22.3B | $6.5B | ||
| Q1 25 | $21.7B | $6.3B | ||
| Q4 24 | $22.8B | $5.9B | ||
| Q3 24 | $23.1B | $5.9B | ||
| Q2 24 | $26.1B | $5.8B |
负债/权益比STZTFIN
| Q1 26 | — | — | ||
| 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× | — |
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 | $370.9M | — |
| 自由现金流率自由现金流/营收 | 16.7% | — |
| 资本支出强度资本支出/营收 | 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 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流STZTFIN
| Q1 26 | — | — | ||
| Q4 25 | $616.9M | $67.1M | ||
| Q3 25 | $852.1M | $24.4M | ||
| Q2 25 | $637.2M | $9.8M | ||
| Q1 25 | $594.7M | $-3.6M | ||
| Q4 24 | $685.2M | $58.5M | ||
| Q3 24 | $1.2B | $26.6M | ||
| Q2 24 | $690.5M | $21.9M |
自由现金流STZTFIN
| Q1 26 | — | — | ||
| Q4 25 | $370.9M | — | ||
| Q3 25 | $634.8M | $22.4M | ||
| Q2 25 | $444.4M | $6.8M | ||
| Q1 25 | $312.1M | $-7.9M | ||
| Q4 24 | $456.8M | — | ||
| Q3 24 | $854.0M | $25.8M | ||
| Q2 24 | $315.2M | $-31.9M |
自由现金流率STZTFIN
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | — | ||
| Q3 25 | 25.6% | 20.5% | ||
| Q2 25 | 17.7% | 6.2% | ||
| Q1 25 | 14.4% | -7.7% | ||
| Q4 24 | 18.5% | — | ||
| Q3 24 | 29.3% | 24.3% | ||
| Q2 24 | 11.8% | -30.3% |
资本支出强度STZTFIN
| Q1 26 | — | — | ||
| Q4 25 | 11.1% | — | ||
| Q3 25 | 8.8% | 1.8% | ||
| Q2 25 | 7.7% | 2.8% | ||
| Q1 25 | 13.1% | 4.2% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 11.2% | 0.8% | ||
| Q2 24 | 14.1% | 51.1% |
现金转化率STZTFIN
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.83× | 14.29× | ||
| Q2 25 | 1.23× | 2.22× | ||
| Q1 25 | — | -212.82× | ||
| Q4 24 | 1.11× | 15.25× | ||
| Q3 24 | — | 4.97× | ||
| Q2 24 | 0.79× | 7.95× |
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% |
TFIN
暂无分部数据
