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摩森康胜饮品公司（TAP）与捷迈邦美（ZBH）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捷迈邦美的1.5倍（$3.1B vs $2.1B），捷迈邦美净利率更高（11.4% vs 7.6%，领先3.8%），捷迈邦美同比增速更快（9.3% vs -3.6%），摩森康胜饮品公司自由现金流更多（$357.8M vs $245.9M），过去两年捷迈邦美的营收复合增速更高（3.7% vs 1.2%）
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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
TAP vs ZBH — 直观对比
营收规模更大
TAP
是对方的1.5倍
$2.1B
营收增速更快
ZBH
高出12.9%
-3.6%
净利率更高
ZBH
高出3.8%
7.6%
自由现金流更多
TAP
多$111.9M
$245.9M
两年增速更快
ZBH
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.1B |
| 净利润 | $238.3M | $238.3M |
| 毛利率 | 31.0% | 64.6% |
| 营业利润率 | 10.4% | 17.9% |
| 净利率 | 7.6% | 11.4% |
| 营收同比 | -3.6% | 9.3% |
| 净利润同比 | -17.2% | 30.5% |
| 每股收益（稀释后） | $1.32 | $1.22 |
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TAPZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.1B | $2.2B | ||
| Q3 25 | $3.5B | $2.0B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $2.7B | $1.9B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.6B | $1.8B | ||
| Q2 24 | $3.8B | $1.9B |
净利润TAPZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $238.3M | $139.4M | ||
| Q3 25 | $-2.9B | $230.9M | ||
| Q2 25 | $428.7M | $152.8M | ||
| Q1 25 | $121.0M | $182.0M | ||
| Q4 24 | $287.8M | $239.5M | ||
| Q3 24 | $199.8M | $249.1M | ||
| Q2 24 | $427.0M | $242.8M |
毛利率TAPZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | 31.0% | 64.7% | ||
| Q3 25 | 33.7% | 72.1% | ||
| Q2 25 | 34.3% | 71.5% | ||
| Q1 25 | 31.6% | 71.2% | ||
| Q4 24 | 32.0% | 71.0% | ||
| Q3 24 | 33.4% | 70.5% | ||
| Q2 24 | 34.6% | 71.5% |
营业利润率TAPZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 10.4% | 6.9% | ||
| Q3 25 | -98.5% | 17.6% | ||
| Q2 25 | 15.6% | 14.4% | ||
| Q1 25 | 6.9% | 15.3% | ||
| Q4 24 | 12.0% | 19.2% | ||
| Q3 24 | 12.5% | 15.3% | ||
| Q2 24 | 15.6% | 18.1% |
净利率TAPZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | 7.6% | 6.2% | ||
| Q3 25 | -84.0% | 11.5% | ||
| Q2 25 | 11.5% | 7.4% | ||
| Q1 25 | 4.5% | 9.5% | ||
| Q4 24 | 8.9% | 11.8% | ||
| Q3 24 | 5.5% | 13.7% | ||
| Q2 24 | 11.1% | 12.5% |
每股收益（稀释后）TAPZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $1.32 | $0.71 | ||
| Q3 25 | $-14.79 | $1.16 | ||
| Q2 25 | $2.13 | $0.77 | ||
| Q1 25 | $0.59 | $0.91 | ||
| Q4 24 | $1.39 | $1.18 | ||
| Q3 24 | $0.96 | $1.23 | ||
| Q2 24 | $2.03 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | $6.3B | $7.5B |
| 股东权益账面价值 | $10.2B | $12.7B |
| 总资产 | $22.7B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.61× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资TAPZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $896.5M | $591.9M | ||
| Q3 25 | $950.2M | $1.3B | ||
| Q2 25 | $613.8M | $556.9M | ||
| Q1 25 | $412.7M | $1.4B | ||
| Q4 24 | $969.3M | $525.5M | ||
| Q3 24 | $1.0B | $569.0M | ||
| Q2 24 | $1.6B | $420.1M |
总债务TAPZBH
| Q1 26 | — | $7.5B | ||
| Q4 25 | $6.3B | — | ||
| Q3 25 | $6.3B | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $7.0B | — |
股东权益TAPZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $10.2B | $12.7B | ||
| Q3 25 | $10.3B | $12.8B | ||
| Q2 25 | $13.4B | $12.5B | ||
| Q1 25 | $13.1B | $12.4B | ||
| Q4 24 | $13.1B | $12.5B | ||
| Q3 24 | $13.3B | $12.4B | ||
| Q2 24 | $13.2B | $12.7B |
总资产TAPZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $22.7B | $23.1B | ||
| Q3 25 | $22.9B | $23.5B | ||
| Q2 25 | $26.8B | $22.9B | ||
| Q1 25 | $25.9B | $22.2B | ||
| Q4 24 | $26.1B | $21.4B | ||
| Q3 24 | $26.6B | $21.7B | ||
| Q2 24 | $27.4B | $21.5B |
负债/权益比TAPZBH
| Q1 26 | — | 0.59× | ||
| 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× | — |
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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $357.8M | $245.9M |
| 自由现金流率自由现金流/营收 | 11.4% | 11.8% |
| 资本支出强度资本支出/营收 | 5.9% | — |
| 现金转化率经营现金流/净利润 | 2.27× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $1.4B |
8季度趋势，按日历期对齐
经营现金流TAPZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $540.7M | $517.4M | ||
| Q3 25 | $616.1M | $418.7M | ||
| Q2 25 | $718.3M | $378.2M | ||
| Q1 25 | $-90.7M | $382.8M | ||
| Q4 24 | $494.5M | $506.3M | ||
| Q3 24 | $521.2M | $395.7M | ||
| Q2 24 | $869.2M | $369.4M |
自由现金流TAPZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $357.8M | $442.6M | ||
| Q3 25 | $483.0M | $363.7M | ||
| Q2 25 | $555.0M | $328.1M | ||
| Q1 25 | $-328.0M | $338.2M | ||
| Q4 24 | $383.4M | $454.8M | ||
| Q3 24 | $350.4M | $351.2M | ||
| Q2 24 | $691.7M | $316.7M |
自由现金流率TAPZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 11.4% | 19.7% | ||
| Q3 25 | 13.9% | 18.2% | ||
| Q2 25 | 14.8% | 15.8% | ||
| Q1 25 | -12.2% | 17.7% | ||
| Q4 24 | 11.8% | 22.5% | ||
| Q3 24 | 9.7% | 19.3% | ||
| Q2 24 | 18.0% | 16.3% |
资本支出强度TAPZBH
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 3.3% | ||
| Q3 25 | 3.8% | 2.7% | ||
| Q2 25 | 4.4% | 2.4% | ||
| Q1 25 | 8.8% | 2.3% | ||
| Q4 24 | 3.4% | 2.5% | ||
| Q3 24 | 4.7% | 2.4% | ||
| Q2 24 | 4.6% | 2.7% |
现金转化率TAPZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 2.27× | 3.71× | ||
| Q3 25 | — | 1.81× | ||
| Q2 25 | 1.68× | 2.48× | ||
| Q1 25 | -0.75× | 2.10× | ||
| Q4 24 | 1.72× | 2.11× | ||
| Q3 24 | 2.61× | 1.59× | ||
| Q2 24 | 2.04× | 1.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
