vs
安捷伦科技（A）与百胜中国（YUMC）财务数据对比。点击上方公司名可切换其他公司
百胜中国的季度营收约是安捷伦科技的1.6倍（$2.8B vs $1.8B），安捷伦科技净利率更高（17.0% vs 5.0%，领先12.0%），百胜中国同比增速更快（8.8% vs 7.0%），安捷伦科技自由现金流更多（$175.0M vs $-116.0M），过去两年安捷伦科技的营收复合增速更高（6.9% vs -2.3%）
安捷伦科技是全球知名的生命科学、诊断与应用化学领域解决方案提供商，旗下生命科学与应用市场业务板块提供液相色谱系统及组件、液相色谱质谱联用系统、气相色谱设备、电感耦合等离子体质谱仪、原子吸收仪等多种分析检测仪器，服务全球各领域客户。
百胜中国是总部位于上海的世界500强快餐企业，2016年从百胜餐饮集团分拆独立上市，获百胜餐饮集团商标授权，按全系统销售额的3%支付授权费。目前在国内1100多座城市运营超8400家餐厅，全球门店总数超10600家，年营收达95亿美元，是全球规模最大的餐饮企业之一。
A vs YUMC — 直观对比
营收规模更大
YUMC
是对方的1.6倍
$1.8B
营收增速更快
YUMC
高出1.8%
7.0%
净利率更高
A
高出12.0%
5.0%
自由现金流更多
A
多$291.0M
$-116.0M
两年增速更快
A
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.8B |
| 净利润 | $305.0M | $140.0M |
| 毛利率 | 52.6% | — |
| 营业利润率 | 19.6% | 6.6% |
| 净利率 | 17.0% | 5.0% |
| 营收同比 | 7.0% | 8.8% |
| 净利润同比 | -4.1% | 21.7% |
| 每股收益（稀释后） | $1.07 | $0.40 |
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AYUMC
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $2.8B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.7B | $2.8B | ||
| Q1 25 | $1.7B | $3.0B | ||
| Q4 24 | $1.7B | $2.6B | ||
| Q3 24 | $1.6B | $3.1B | ||
| Q2 24 | $1.6B | $2.7B |
净利润AYUMC
| Q1 26 | $305.0M | — | ||
| Q4 25 | $434.0M | $140.0M | ||
| Q3 25 | $336.0M | $282.0M | ||
| Q2 25 | $215.0M | $215.0M | ||
| Q1 25 | $318.0M | $292.0M | ||
| Q4 24 | $351.0M | $115.0M | ||
| Q3 24 | $282.0M | $297.0M | ||
| Q2 24 | $308.0M | $212.0M |
毛利率AYUMC
| Q1 26 | 52.6% | — | ||
| Q4 25 | 53.2% | — | ||
| Q3 25 | 51.1% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 54.2% | — | ||
| Q2 24 | 54.4% | — |
营业利润率AYUMC
| Q1 26 | 19.6% | — | ||
| Q4 25 | 23.8% | 6.6% | ||
| Q3 25 | 20.7% | 12.5% | ||
| Q2 25 | 18.0% | 10.9% | ||
| Q1 25 | 22.4% | 13.4% | ||
| Q4 24 | 24.0% | 5.8% | ||
| Q3 24 | 21.1% | 12.1% | ||
| Q2 24 | 23.1% | 9.9% |
净利率AYUMC
| Q1 26 | 17.0% | — | ||
| Q4 25 | 23.3% | 5.0% | ||
| Q3 25 | 19.3% | 8.8% | ||
| Q2 25 | 12.9% | 7.7% | ||
| Q1 25 | 18.9% | 9.8% | ||
| Q4 24 | 20.6% | 4.4% | ||
| Q3 24 | 17.9% | 9.7% | ||
| Q2 24 | 19.6% | 7.9% |
每股收益（稀释后）AYUMC
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.53 | $0.40 | ||
| Q3 25 | $1.18 | $0.76 | ||
| Q2 25 | $0.75 | $0.58 | ||
| Q1 25 | $1.11 | $0.77 | ||
| Q4 24 | $1.23 | $0.30 | ||
| Q3 24 | $0.97 | $0.77 | ||
| Q2 24 | $1.05 | $0.55 |
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 | $1.8B | $1.4B |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | $6.9B | $5.4B |
| 总资产 | $12.8B | $10.8B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资AYUMC
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.5B | $2.0B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.8B | $2.5B | ||
| Q2 24 | $1.7B | $2.5B |
总债务AYUMC
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — |
股东权益AYUMC
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.7B | $5.4B | ||
| Q3 25 | $6.4B | $5.7B | ||
| Q2 25 | $6.1B | $5.8B | ||
| Q1 25 | $6.0B | $5.8B | ||
| Q4 24 | $5.9B | $5.7B | ||
| Q3 24 | $5.9B | $6.0B | ||
| Q2 24 | $6.2B | $5.8B |
总资产AYUMC
| Q1 26 | $12.8B | — | ||
| Q4 25 | $12.7B | $10.8B | ||
| Q3 25 | $12.2B | $11.0B | ||
| Q2 25 | $12.2B | $11.0B | ||
| Q1 25 | $11.9B | $11.0B | ||
| Q4 24 | $11.8B | $11.1B | ||
| Q3 24 | $11.0B | $11.8B | ||
| Q2 24 | $10.9B | $11.6B |
负债/权益比AYUMC
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.34× | — |
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 | $268.0M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $175.0M | $-116.0M |
| 自由现金流率自由现金流/营收 | 9.7% | -4.1% |
| 资本支出强度资本支出/营收 | 5.2% | 8.5% |
| 现金转化率经营现金流/净利润 | 0.88× | 0.89× |
| 过去12个月自由现金流最近4个季度 | $993.0M | $840.0M |
8季度趋势，按日历期对齐
经营现金流AYUMC
| Q1 26 | $268.0M | — | ||
| Q4 25 | $545.0M | $125.0M | ||
| Q3 25 | $362.0M | $477.0M | ||
| Q2 25 | $221.0M | $412.0M | ||
| Q1 25 | $431.0M | $452.0M | ||
| Q4 24 | $481.0M | $167.0M | ||
| Q3 24 | $452.0M | $409.0M | ||
| Q2 24 | $333.0M | $401.0M |
自由现金流AYUMC
| Q1 26 | $175.0M | — | ||
| Q4 25 | $452.0M | $-116.0M | ||
| Q3 25 | $259.0M | $351.0M | ||
| Q2 25 | $107.0M | $290.0M | ||
| Q1 25 | $334.0M | $315.0M | ||
| Q4 24 | $388.0M | $-15.0M | ||
| Q3 24 | $360.0M | $244.0M | ||
| Q2 24 | $230.0M | $232.0M |
自由现金流率AYUMC
| Q1 26 | 9.7% | — | ||
| Q4 25 | 24.3% | -4.1% | ||
| Q3 25 | 14.9% | 10.9% | ||
| Q2 25 | 6.4% | 10.4% | ||
| Q1 25 | 19.9% | 10.6% | ||
| Q4 24 | 22.8% | -0.6% | ||
| Q3 24 | 22.8% | 7.9% | ||
| Q2 24 | 14.6% | 8.7% |
资本支出强度AYUMC
| Q1 26 | 5.2% | — | ||
| Q4 25 | 5.0% | 8.5% | ||
| Q3 25 | 5.9% | 3.9% | ||
| Q2 25 | 6.8% | 4.4% | ||
| Q1 25 | 5.8% | 4.6% | ||
| Q4 24 | 5.5% | 7.0% | ||
| Q3 24 | 5.8% | 5.4% | ||
| Q2 24 | 6.5% | 6.3% |
现金转化率AYUMC
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.26× | 0.89× | ||
| Q3 25 | 1.08× | 1.69× | ||
| Q2 25 | 1.03× | 1.92× | ||
| Q1 25 | 1.36× | 1.55× | ||
| Q4 24 | 1.37× | 1.45× | ||
| Q3 24 | 1.60× | 1.38× | ||
| Q2 24 | 1.08× | 1.89× |
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
A
| Service Other | $525.0M | 29% |
| Chemicaland Energy Market | $422.0M | 23% |
| Agilent Cross Lab | $273.0M | 15% |
| Environmentaland Forensics Market | $177.0M | 10% |
| Food Market | $166.0M | 9% |
| Academiaand Government Market | $130.0M | 7% |
| Applied Markets | $98.0M | 5% |
YUMC
| Revenue From External Customers | $2.1B | 75% |
| Pizza Hut | $540.0M | 19% |
| Corporate And Unallocated | $105.0M | 4% |
| Other Revenue | $45.0M | 2% |
| Franchise Fees And Income | $25.0M | 1% |
