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摩森康胜饮品公司（TAP）与Tennessee Valley Authority（TVE）财务数据对比。点击上方公司名可切换其他公司
摩森康胜饮品公司的季度营收约是Tennessee Valley Authority的1.0倍（$3.1B vs $3.0B），Tennessee Valley Authority净利率更高（8.7% vs 7.6%，领先1.1%），Tennessee Valley Authority同比增速更快（4.4% vs -3.6%），摩森康胜饮品公司自由现金流更多（$357.8M vs $-814.0M），过去两年摩森康胜饮品公司的营收复合增速更高（1.2% vs -1.7%）
摩森康胜饮品公司是一家美加合资的跨国饮料酿造企业，旗下拥有多款知名酒精及非酒精饮品产品线，业务覆盖全球多个国家和地区，目前在伊利诺伊州芝加哥与魁北克省蒙特利尔设有双总部。
田纳西河流域管理局（TVA）是美国联邦政府所有的电力公用事业企业，服务范围覆盖田纳西州全境，以及阿拉巴马州、密西西比州、肯塔基州的部分区域，还涵盖佐治亚州、北卡罗来纳州、弗吉尼亚州的小块区域。该企业虽归属联邦政府，但不依赖纳税人资金运营，运营模式与私营盈利企业类似，总部位于田纳西州诺克斯维尔。
TAP vs TVE — 直观对比
营收规模更大
TAP
是对方的1.0倍
$3.0B
营收增速更快
TVE
高出8.0%
-3.6%
净利率更高
TVE
高出1.1%
7.6%
自由现金流更多
TAP
多$1.2B
$-814.0M
两年增速更快
TAP
近两年复合增速
-1.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $3.0B |
| 净利润 | $238.3M | $266.0M |
| 毛利率 | 31.0% | — |
| 营业利润率 | 10.4% | 18.1% |
| 净利率 | 7.6% | 8.7% |
| 营收同比 | -3.6% | 4.4% |
| 净利润同比 | -17.2% | 112.8% |
| 每股收益（稀释后） | $1.32 | — |
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TAPTVE
| Q4 25 | $3.1B | $3.0B | ||
| Q3 25 | $3.5B | $3.9B | ||
| Q2 25 | $3.7B | $3.3B | ||
| Q1 25 | $2.7B | $3.5B | ||
| Q4 24 | $3.2B | $2.9B | ||
| Q3 24 | $3.6B | $3.5B | ||
| Q2 24 | $3.8B | $2.9B | ||
| Q1 24 | $3.0B | $3.2B |
净利润TAPTVE
| Q4 25 | $238.3M | $266.0M | ||
| Q3 25 | $-2.9B | $615.0M | ||
| Q2 25 | $428.7M | $212.0M | ||
| Q1 25 | $121.0M | $408.0M | ||
| Q4 24 | $287.8M | $125.0M | ||
| Q3 24 | $199.8M | $520.0M | ||
| Q2 24 | $427.0M | $181.0M | ||
| Q1 24 | $207.8M | $307.0M |
毛利率TAPTVE
| Q4 25 | 31.0% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | 34.3% | — | ||
| Q1 25 | 31.6% | — | ||
| Q4 24 | 32.0% | — | ||
| Q3 24 | 33.4% | — | ||
| Q2 24 | 34.6% | — | ||
| Q1 24 | 31.6% | — |
营业利润率TAPTVE
| Q4 25 | 10.4% | 18.1% | ||
| Q3 25 | -98.5% | 23.6% | ||
| Q2 25 | 15.6% | 15.6% | ||
| Q1 25 | 6.9% | 20.3% | ||
| Q4 24 | 12.0% | 14.1% | ||
| Q3 24 | 12.5% | 22.7% | ||
| Q2 24 | 15.6% | 15.9% | ||
| Q1 24 | 10.3% | 18.4% |
净利率TAPTVE
| Q4 25 | 7.6% | 8.7% | ||
| Q3 25 | -84.0% | 15.7% | ||
| Q2 25 | 11.5% | 6.4% | ||
| Q1 25 | 4.5% | 11.6% | ||
| Q4 24 | 8.9% | 4.3% | ||
| Q3 24 | 5.5% | 14.8% | ||
| Q2 24 | 11.1% | 6.3% | ||
| Q1 24 | 6.8% | 9.7% |
每股收益（稀释后）TAPTVE
| Q4 25 | $1.32 | — | ||
| Q3 25 | $-14.79 | — | ||
| Q2 25 | $2.13 | — | ||
| Q1 25 | $0.59 | — | ||
| Q4 24 | $1.39 | — | ||
| Q3 24 | $0.96 | — | ||
| Q2 24 | $2.03 | — | ||
| Q1 24 | $0.97 | — |
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 | $896.5M | $501.0M |
| 总债务越低越好 | $6.3B | — |
| 股东权益账面价值 | $10.2B | — |
| 总资产 | $22.7B | $59.5B |
| 负债/权益比越低杠杆越低 | 0.61× | — |
8季度趋势，按日历期对齐
现金及短期投资TAPTVE
| Q4 25 | $896.5M | $501.0M | ||
| Q3 25 | $950.2M | $1.6B | ||
| Q2 25 | $613.8M | $501.0M | ||
| Q1 25 | $412.7M | $502.0M | ||
| Q4 24 | $969.3M | $507.0M | ||
| Q3 24 | $1.0B | $502.0M | ||
| Q2 24 | $1.6B | $501.0M | ||
| Q1 24 | $458.4M | $508.0M |
总债务TAPTVE
| Q4 25 | $6.3B | — | ||
| Q3 25 | $6.3B | $22.1B | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $6.2B | $19.1B | ||
| Q2 24 | $7.0B | — | ||
| Q1 24 | $6.2B | — |
股东权益TAPTVE
| Q4 25 | $10.2B | — | ||
| Q3 25 | $10.3B | — | ||
| Q2 25 | $13.4B | — | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $13.1B | — | ||
| Q3 24 | $13.3B | — | ||
| Q2 24 | $13.2B | — | ||
| Q1 24 | $13.1B | — |
总资产TAPTVE
| Q4 25 | $22.7B | $59.5B | ||
| Q3 25 | $22.9B | $60.9B | ||
| Q2 25 | $26.8B | $59.9B | ||
| Q1 25 | $25.9B | $59.3B | ||
| Q4 24 | $26.1B | $58.4B | ||
| Q3 24 | $26.6B | $57.7B | ||
| Q2 24 | $27.4B | $56.2B | ||
| Q1 24 | $26.1B | $52.3B |
负债/权益比TAPTVE
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 0.47× | — |
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 | $540.7M | $330.0M |
| 自由现金流经营现金流 - 资本支出 | $357.8M | $-814.0M |
| 自由现金流率自由现金流/营收 | 11.4% | -26.7% |
| 资本支出强度资本支出/营收 | 5.9% | 37.5% |
| 现金转化率经营现金流/净利润 | 2.27× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $-1.2B |
8季度趋势，按日历期对齐
经营现金流TAPTVE
| Q4 25 | $540.7M | $330.0M | ||
| Q3 25 | $616.1M | $1.2B | ||
| Q2 25 | $718.3M | $615.0M | ||
| Q1 25 | $-90.7M | $1.0B | ||
| Q4 24 | $494.5M | $450.0M | ||
| Q3 24 | $521.2M | $1.1B | ||
| Q2 24 | $869.2M | $508.0M | ||
| Q1 24 | $25.4M | $1.0B |
自由现金流TAPTVE
| Q4 25 | $357.8M | $-814.0M | ||
| Q3 25 | $483.0M | $233.0M | ||
| Q2 25 | $555.0M | $-431.0M | ||
| Q1 25 | $-328.0M | $-176.0M | ||
| Q4 24 | $383.4M | $-759.0M | ||
| Q3 24 | $350.4M | $164.0M | ||
| Q2 24 | $691.7M | $-248.0M | ||
| Q1 24 | $-189.3M | $276.0M |
自由现金流率TAPTVE
| Q4 25 | 11.4% | -26.7% | ||
| Q3 25 | 13.9% | 6.0% | ||
| Q2 25 | 14.8% | -13.0% | ||
| Q1 25 | -12.2% | -5.0% | ||
| Q4 24 | 11.8% | -26.0% | ||
| Q3 24 | 9.7% | 4.7% | ||
| Q2 24 | 18.0% | -8.6% | ||
| Q1 24 | -6.2% | 8.8% |
资本支出强度TAPTVE
| Q4 25 | 5.9% | 37.5% | ||
| Q3 25 | 3.8% | 25.9% | ||
| Q2 25 | 4.4% | 31.6% | ||
| Q1 25 | 8.8% | 33.6% | ||
| Q4 24 | 3.4% | 41.4% | ||
| Q3 24 | 4.7% | 25.6% | ||
| Q2 24 | 4.6% | 26.3% | ||
| Q1 24 | 7.0% | 24.2% |
现金转化率TAPTVE
| Q4 25 | 2.27× | 1.24× | ||
| Q3 25 | — | 2.03× | ||
| Q2 25 | 1.68× | 2.90× | ||
| Q1 25 | -0.75× | 2.48× | ||
| Q4 24 | 1.72× | 3.60× | ||
| Q3 24 | 2.61× | 2.05× | ||
| Q2 24 | 2.04× | 2.81× | ||
| Q1 24 | 0.12× | 3.38× |
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
TAP
暂无分部数据
TVE
| TN | $2.0B | 65% |
| AL | $449.0M | 15% |
| MS | $266.0M | 9% |
| KY | $193.0M | 6% |
| GA | $75.0M | 2% |
| Federal Agencies And Other | $29.0M | 1% |
| NC | $23.0M | 1% |
| VA | $12.0M | 0% |
| Off System Sales Member | $2.0M | 0% |
