Molson Coors Beverage Company (TAP)财务
NYSE · Consumer Defensive · Beverages - Alcoholic · 员工16,200人 · CEO Rahul Goyal
- 股价
- $40.85
- 市值
- $75.9亿
- 企业价值
- $132亿 数据截至 2026-11-14
- 最近财报
- Q3 '26 2026-11-05提交
- 下次财报
- 2027-02-17 EPS预期 $0.80
营收(TTM)$110亿-1.6% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)11.8%+32.1 百分点 对比去年同期营业利润 $13亿
净利润(TTM)$8.93亿+142.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)$11.7亿+6.9% 对比去年同期资本支出 $6.52亿
稀释EPS(TTM)$4.70+144.0% 对比去年同期最近4个季度之和
净现金-$55.9亿-4.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $75.9亿 37m 前更新
- 营收
- $110亿 过去12个月
- 营收增速
- -1% FY2026年一致预期
- 净利润率
- 8.1% 净利润 / 营收,TTM
- P/E
- 8.7× 预期 9.1×(FY2026)
- P/S
- 0.7× 股价 / 营收,TTM
- EV / EBITDA
- 6.6× TTM
- 自由现金流
- $11.7亿 过去12个月
- 净利润
- $8.93亿 过去12个月
- 营收预期
- $110亿 FY2026年一致预期
- 盈利
- 2027-02-17 营收预估 $26亿 · 37m 前更新
- 股息
- $0.48 每次派息 · 2026-08-28
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-11-05):营收符合预期,EPS 超预期1.4%营收$29.3亿,预期$29.4亿(-0.3%);EPS $1.46,预期$1.44(+1.4%)。
- 营收增长平稳:同比-1.6%Q3 '26营收$29.3亿,此前四个季度的平均值为-1.5%。
- 营业利润率11.8%(TTM),较去年同期+32.1 百分点营收增长-1.6%,营业利润增长157.2%。
- 税前利润的19.8%被营业外亏损吞噬税前利润$10.9亿,营业利润$13亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的5.9%(去年为5.7%)最近4个季度投入$6.52亿(同比+1.1%)。自由现金流$11.7亿,相当于净利润的131.0%。
- 股东回报$9.34亿 = 自由现金流的79.9%回购$5.7亿(去年为$5.39亿),股息$3.64亿,股权激励$3400万(TTM)。
- 稀释股数一年内减少5.6%Q3 '26稀释股数1.87亿,一年前为1.98亿。
- 净债务 $55.9亿现金 + 短期投资 $6.02亿,含租赁债务 $62亿;一年前净债务 $53.4亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $29.3亿 | $29.7亿 | -1.6% |
| 毛利率 | 35.2% | 39.5% | -4.3 百分点 |
| 营业利润 | $3.91亿 | -$34.3亿 | +111.4% |
| 营业利润率 | 13.3% | -115.4% | +128.7 百分点 |
| 净利润 | $2.72亿 | -$29.3亿 | +109.3% |
| 稀释EPS | $1.45 | -$14.79 | +109.8% |
| 经营现金流 | $4.6亿 | $6.16亿 | -25.3% |
| 资本支出 | $1.34亿 | $1.33亿 | +0.5% |
| 自由现金流 | $3.26亿 | $4.83亿 | -32.5% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $920万 | $830万 | +10.8% |
实际 vs 一致预期
2026-11-05| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $29.3亿 | $29.4亿 | -0.3% |
| EPS(一致预期口径) | $1.46 | $1.44 | +1.4% |
来自2026-11-05发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按地区划分的营收
占所列地区比例| 分部 | Q3 '26 | 同比 | 占所列项目比例 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Americas Segment | $22.3亿 | -1.2% | 76.1% | $86亿 | -2.5% | |
| Europe | $7.01亿 | -2.7% | 23.9% | $24.6亿 | +1.7% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $18.2亿
- 资本支出
- -$6.52亿
- 股票回购
- -$5.7亿
- 股息
- -$3.64亿
- 收购
- -$2.62亿
- 债务净发行
- -$2.44亿
- 股权激励费用
- $3400万
- 自由现金流
- $11.7亿
- 股东回报 / FCF
- 79.9%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 8.7× | 11.5× 5年中的3年 | 10.0× – 13.9× |
| EV / EBITDA | 6.6× | 10.6× 5年中的4年 | 6.8× – 19.7× |
| EV / 营收 | 1.2× | 1.5× | 1.3× – 1.6× |
| 股价 / FCF | 6.5× | 10.1× | 8.5× – 13.3× |
| 股价 / 净资产 | 0.7× | 0.9× | 0.7× – 1.0× |
| FCF收益率 | 15.3% | 10.1% | 7.5% – 11.7% |
| 投入资本回报率 | 5.2% | 1.2% | -10.2% – 5.8% |
| 净资产收益率 | 8.8% | 0.2% | -20.9% – 8.6% |
分析师
一致目标价 $40.80 (-0.1%)
区间 $36.00 – $45.00 · 评级 Hold
强烈买入0
买入11
持有18
卖出8
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $110亿 | -1.4% | $4.49 | +141.4% | 9.1× | 12 |
| FY2027 | $109亿 | -0.4% | $4.39 | -2.2% | 9.3× | 12 |
| FY2028 | $109亿 | 0.0% | $4.77 | +8.6% | 8.6× | 8 |
| FY2029 | $109亿 | 0.0% | $5.69 | +19.3% | 7.2× | 5 |
| FY2030 | $111亿 | +1.2% | $5.99 | +5.3% | 6.8× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Molson Coors Beverage Company在近期10-Q / 10-K文件中标记的全部297项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $1.34亿 | $1.33亿 | +0.5% | – | – | – | |
| Accounts Payable and Accrued Liabilities, Current | $28.8亿2025-12-31 | $30.1亿 | -4.5% | $28.8亿 | $30.1亿 | -4.5% |
| Accounts Payable and Other Accrued Liabilities, Current | $29.9亿 | $29.4亿 | +1.9% | $28.8亿 | $30.1亿 | -4.5% |
| 应付账款 | $18.2亿2025-12-31 | $18.8亿 | -2.8% | $18.2亿 | $18.8亿 | -2.8% |
| 应收账款净额 | $8.08亿 | $8.43亿 | -4.1% | $7.03亿 | $6.93亿 | +1.4% |
| Accounts Receivable, Allowance for Credit Loss, Current | $660万 | $1020万 | -35.3% | $1000万 | $890万 | +12.4% |
| Accrued Exchange Fee Rebate, Current | $1.64亿2025-12-31 | $1.57亿 | +4.4% | $1.64亿 | $1.57亿 | +4.4% |
| 累计其他综合收益(亏损) | -$12亿 | -$11.5亿 | -4.7% | -$10.7亿 | -$13.6亿 | +21.3% |
| Additional Paid in Capital | $72.6亿 | $72.4亿 | +0.3% | $72.5亿 | $72.2亿 | +0.3% |
| Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock | – | – | – | $40万 | – | – |
| Advertising Expense | – | – | – | $11亿 | $11亿 | 0.0% |
| Amortization of Debt Issuance Costs and Discounts | $350万 | $120万 | +191.7% | $510万 | $530万 | -3.8% |
| 无形资产摊销 | $5240万 | $5210万 | +0.6% | $2.06亿 | $2.06亿 | -0.1% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 350万 | 410万 | -14.6% | 390万 | 120万 | +225.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $920万 | $830万 | +10.8% | $3500万 | $4310万 | -18.8% |
| 总资产 | $226亿 | $229亿 | -1.2% | $227亿 | $261亿 | -12.8% |
| Assets for Plan Benefits, Defined Benefit Plan | $4.85亿2025-12-31 | $4.02亿 | +20.6% | $4.85亿 | $4.02亿 | +20.6% |
| 流动资产 | $28.4亿 | $32.3亿 | -11.9% | $29.4亿 | $28.5亿 | +3.1% |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | – | – | – | $7790万2024-12-31 | – | – |
| Capital Expenditures Incurred but Not yet Paid | $1900万 | $1320万 | +43.9% | $2.42亿 | $2.98亿 | -18.6% |
| 现金及现金等价物 | $6.02亿 | $9.5亿 | -36.6% | $8.97亿 | $9.69亿 | -7.5% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $0 | $300万 | -100.0% | $100万 | $400万 | -75.0% |
| 现金、现金等价物及受限现金 | $6.02亿 | $9.5亿 | -36.6% | $8.97亿 | $9.69亿 | -7.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$15.3亿 | $3.36亿 | -553.6% | -$7280万 | $1亿 | -172.5% |
| Commercial Paper | $2.97亿 | – | – | $02018-12-31 | $3.79亿 | -100.0% |
| 每股宣派股利 | $0.48 | $0.47 | +2.1% | $1.88 | $1.76 | +6.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | -$640万 | -$930万 | +31.2% | -$3960万 | $3470万 | -214.1% |
| 综合收益(亏损) | $2.54亿 | -$30.1亿 | +108.4% | -$18.5亿 | $8.8亿 | -310.1% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $2.48亿 | -$30.2亿 | +108.2% | -$18.9亿 | $9.15亿 | -306.5% |
| 销售成本 | $19亿 | $18亿 | +5.3% | $68.7亿 | $70.9亿 | -3.2% |
| Current Federal Tax Expense (Benefit) | – | – | – | $4600万 | $1.52亿 | -69.8% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $4540万 | $5450万 | -16.7% |
| Current Income Tax Expense (Benefit) | – | – | – | $1.05亿 | $2.28亿 | -53.9% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1370万 | $2120万 | -35.4% |
| Debt Instrument, Unamortized Discount (Premium), Net | $4870万 | $3580万 | +36.0% | $3470万 | $3820万 | -9.2% |
| Debt, Current | $3.3亿 | $24.1亿 | -86.3% | $24.3亿 | $3220万 | +7,459.3% |
| Debt, Long-term and Short-term, Combined Amount | $62.7亿2025-12-31 | $61.2亿 | +2.5% | $62.7亿 | $61.2亿 | +2.5% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$3.23亿 | $1.1亿 | -394.6% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$3270万 | -$550万 | -494.5% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$4.43亿 | $1.18亿 | -476.9% |
| Deferred Income Tax Liabilities, Net | $24亿 | $22.4亿 | +6.9% | $22.8亿 | $27.3亿 | -16.4% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$8700万 | $1330万 | -754.1% |
| Deferred Tax Assets, Gross | $4.58亿2025-12-31 | $5.41亿 | -15.4% | $4.58亿 | $5.41亿 | -15.4% |
| Deferred Tax Assets, Tax Credit Carryforwards | $5180万2025-12-31 | $3780万 | +37.0% | $5180万 | $3780万 | +37.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other | $1.57亿2025-12-31 | $2.16亿 | -27.5% | $1.57亿 | $2.16亿 | -27.5% |
| Deferred Tax Assets, Valuation Allowance | $1.05亿2025-12-31 | $7990万 | +31.9% | $1.05亿 | $7990万 | +31.9% |
| Deferred Tax Liabilities, Deferred Expense, Reserves and Accruals | $2620万2025-12-31 | $1340万 | +95.5% | $2620万 | $1340万 | +95.5% |
| Deferred Tax Liabilities, Derivatives | $1260万2025-12-31 | $4230万 | -70.2% | $1260万 | $4230万 | -70.2% |
| Deferred Tax Liabilities, Gross | $26.7亿2025-12-31 | $31.9亿 | -16.3% | $26.7亿 | $31.9亿 | -16.3% |
| Deferred Tax Liabilities, Intangible Assets | $22.3亿2025-12-31 | $27.4亿 | -18.5% | $22.3亿 | $27.4亿 | -18.5% |
| Deferred Tax Liabilities, Net | $22.1亿2025-12-31 | $26.5亿 | -16.5% | $22.1亿 | $26.5亿 | -16.5% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $3.47亿2025-12-31 | $3.49亿 | -0.5% | $3.47亿 | $3.49亿 | -0.5% |
| Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries | $5400万2025-12-31 | $4820万 | +12.0% | $5400万 | $4820万 | +12.0% |
| Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax | $4.85亿2025-12-31 | $5.06亿 | -4.2% | $4.85亿 | $5.06亿 | -4.2% |
| Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax | $20万2025-12-31 | -$200万 | +110.0% | $20万 | -$200万 | +110.0% |
| Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax | -$4.85亿2025-12-31 | -$5.08亿 | +4.6% | -$4.85亿 | -$5.08亿 | +4.6% |
| Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position | $1550万2025-12-31 | -$5610万 | +127.6% | $1550万 | -$5610万 | +127.6% |
| Defined Benefit Plan, Benefit Obligation | $28.2亿2025-12-31 | $27.8亿 | +1.3% | $28.2亿 | $27.8亿 | +1.3% |
| Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) | – | – | – | -$270万 | $2.01亿 | -101.3% |
| Defined Benefit Plan, Benefit Obligation, Benefits Paid | – | – | – | $2.24亿 | $2.53亿 | -11.5% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-14