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Constellation Brands（STZ）与Williams-Sonoma, Inc.（WSM）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Williams-Sonoma, Inc.的1.2倍（$2.2B vs $1.9B），Constellation Brands净利率更高（22.6% vs 12.8%，领先9.8%），Williams-Sonoma, Inc.同比增速更快（4.6% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $248.1M），过去两年Constellation Brands的营收复合增速更高（1.9% vs -9.1%）
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。
Williams-Sonoma, Inc.是美国知名家居零售企业，1956年由查尔斯·E·威廉姆斯创立，主营高品质炊具、家居家电、家居软装等多元品类产品，在家居消费领域拥有广泛的用户基础与较高的市场认可度。
STZ vs WSM — 直观对比
营收规模更大
STZ
是对方的1.2倍
$1.9B
营收增速更快
WSM
高出14.3%
-9.8%
净利率更高
STZ
高出9.8%
12.8%
自由现金流更多
STZ
多$122.8M
$248.1M
两年增速更快
STZ
近两年复合增速
-9.1%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.9B |
| 净利润 | $502.8M | $241.6M |
| 毛利率 | 53.2% | 46.1% |
| 营业利润率 | 31.1% | 17.0% |
| 净利率 | 22.6% | 12.8% |
| 营收同比 | -9.8% | 4.6% |
| 净利润同比 | -18.4% | -3.0% |
| 每股收益（稀释后） | — | $1.96 |
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STZWSM
| Q4 25 | $2.2B | $1.9B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.5B | $1.7B | ||
| Q1 25 | $2.2B | $2.5B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.9B | $1.8B | ||
| Q2 24 | $2.7B | $1.7B | ||
| Q1 24 | $2.1B | $2.3B |
净利润STZWSM
| Q4 25 | $502.8M | $241.6M | ||
| Q3 25 | $466.0M | $247.6M | ||
| Q2 25 | $516.1M | $231.3M | ||
| Q1 25 | $-375.3M | $384.9M | ||
| Q4 24 | $615.9M | $249.0M | ||
| Q3 24 | $-1.2B | $225.7M | ||
| Q2 24 | $877.0M | $265.7M | ||
| Q1 24 | $392.4M | $354.4M |
毛利率STZWSM
| Q4 25 | 53.2% | 46.1% | ||
| Q3 25 | 52.8% | 47.1% | ||
| Q2 25 | 50.4% | 44.3% | ||
| Q1 25 | 51.5% | 45.2% | ||
| Q4 24 | 52.1% | 46.7% | ||
| Q3 24 | 51.8% | 46.2% | ||
| Q2 24 | 52.7% | 48.3% | ||
| Q1 24 | 48.6% | 46.0% |
营业利润率STZWSM
| Q4 25 | 31.1% | 17.0% | ||
| Q3 25 | 35.2% | 17.9% | ||
| Q2 25 | 28.4% | 16.8% | ||
| Q1 25 | -6.9% | 20.1% | ||
| Q4 24 | 32.2% | 17.8% | ||
| Q3 24 | -42.1% | 16.2% | ||
| Q2 24 | 35.4% | 19.5% | ||
| Q1 24 | 29.4% | 20.1% |
净利率STZWSM
| Q4 25 | 22.6% | 12.8% | ||
| Q3 25 | 18.8% | 13.5% | ||
| Q2 25 | 20.5% | 13.4% | ||
| Q1 25 | -17.3% | 15.6% | ||
| Q4 24 | 25.0% | 13.8% | ||
| Q3 24 | -41.1% | 12.6% | ||
| Q2 24 | 32.9% | 16.0% | ||
| Q1 24 | 18.3% | 15.6% |
每股收益（稀释后）STZWSM
| Q4 25 | — | $1.96 | ||
| Q3 25 | — | $2.00 | ||
| Q2 25 | — | $1.85 | ||
| Q1 25 | — | $1.02 | ||
| Q4 24 | — | $1.96 | ||
| Q3 24 | — | $1.74 | ||
| Q2 24 | — | $4.07 | ||
| Q1 24 | — | $5.42 |
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 | $884.7M |
| 总债务越低越好 | $10.3B | — |
| 股东权益账面价值 | $7.7B | $2.1B |
| 总资产 | $21.7B | $5.3B |
| 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STZWSM
| Q4 25 | $152.4M | $884.7M | ||
| Q3 25 | $72.0M | $985.8M | ||
| Q2 25 | $73.9M | $1.0B | ||
| Q1 25 | $68.1M | $1.2B | ||
| Q4 24 | $73.7M | $826.8M | ||
| Q3 24 | $64.6M | $1.3B | ||
| Q2 24 | $73.8M | $1.3B | ||
| Q1 24 | $152.4M | $1.3B |
总债务STZWSM
| 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STZWSM
| Q4 25 | $7.7B | $2.1B | ||
| Q3 25 | $7.5B | $2.1B | ||
| Q2 25 | $7.3B | $2.2B | ||
| Q1 25 | $6.9B | $2.1B | ||
| Q4 24 | $7.8B | $1.9B | ||
| Q3 24 | $7.9B | $2.3B | ||
| Q2 24 | $10.3B | $2.2B | ||
| Q1 24 | $9.7B | $2.1B |
总资产STZWSM
| Q4 25 | $21.7B | $5.3B | ||
| Q3 25 | $21.4B | $5.2B | ||
| Q2 25 | $22.3B | $5.2B | ||
| Q1 25 | $21.7B | $5.3B | ||
| Q4 24 | $22.8B | $5.0B | ||
| Q3 24 | $23.1B | $5.2B | ||
| Q2 24 | $26.1B | $5.2B | ||
| Q1 24 | $25.7B | $5.3B |
负债/权益比STZWSM
| 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 | $316.3M |
| 自由现金流经营现金流 - 资本支出 | $370.9M | $248.1M |
| 自由现金流率自由现金流/营收 | 16.7% | 13.2% |
| 资本支出强度资本支出/营收 | 11.1% | 3.6% |
| 现金转化率经营现金流/净利润 | 1.23× | 1.31× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $1.1B |
8季度趋势，按日历期对齐
经营现金流STZWSM
| Q4 25 | $616.9M | $316.3M | ||
| Q3 25 | $852.1M | $282.7M | ||
| Q2 25 | $637.2M | $118.9M | ||
| Q1 25 | $594.7M | $633.5M | ||
| Q4 24 | $685.2M | $253.5M | ||
| Q3 24 | $1.2B | $246.5M | ||
| Q2 24 | $690.5M | $226.8M | ||
| Q1 24 | $433.2M | $674.9M |
自由现金流STZWSM
| Q4 25 | $370.9M | $248.1M | ||
| Q3 25 | $634.8M | $230.7M | ||
| Q2 25 | $444.4M | $60.7M | ||
| Q1 25 | $312.1M | $566.3M | ||
| Q4 24 | $456.8M | $170.1M | ||
| Q3 24 | $854.0M | $215.1M | ||
| Q2 24 | $315.2M | $187.3M | ||
| Q1 24 | $76.0M | $621.2M |
自由现金流率STZWSM
| Q4 25 | 16.7% | 13.2% | ||
| Q3 25 | 25.6% | 12.6% | ||
| Q2 25 | 17.7% | 3.5% | ||
| Q1 25 | 14.4% | 23.0% | ||
| Q4 24 | 18.5% | 9.4% | ||
| Q3 24 | 29.3% | 12.0% | ||
| Q2 24 | 11.8% | 11.3% | ||
| Q1 24 | 3.6% | 27.3% |
资本支出强度STZWSM
| Q4 25 | 11.1% | 3.6% | ||
| Q3 25 | 8.8% | 2.8% | ||
| Q2 25 | 7.7% | 3.4% | ||
| Q1 25 | 13.1% | 2.7% | ||
| Q4 24 | 9.3% | 4.6% | ||
| Q3 24 | 11.2% | 1.8% | ||
| Q2 24 | 14.1% | 2.4% | ||
| Q1 24 | 16.7% | 2.4% |
现金转化率STZWSM
| Q4 25 | 1.23× | 1.31× | ||
| Q3 25 | 1.83× | 1.14× | ||
| Q2 25 | 1.23× | 0.51× | ||
| Q1 25 | — | 1.65× | ||
| Q4 24 | 1.11× | 1.02× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | 0.79× | 0.85× | ||
| Q1 24 | 1.10× | 1.90× |
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% |
WSM
暂无分部数据
