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爱玛客（ARMK）与棒约翰（PZZA）财务数据对比。点击上方公司名可切换其他公司
爱玛客的季度营收约是棒约翰的9.7倍（$4.8B vs $498.2M）。爱玛客净利率更高（2.0% vs 1.4%，领先0.6%）。爱玛客同比增速更快（6.1% vs -6.1%）。棒约翰自由现金流更多（$2.1M vs $-904.4M）。过去两年爱玛客的营收复合增速更高（7.3% vs -1.5%）
爱玛客是美国知名的餐饮服务与设施管理服务商，服务覆盖教育、司法监管、医疗、企业、休闲文旅等多个领域，业务遍布北美地区及英国、德国、智利、爱尔兰、西班牙在内的14个国家，为各场景客户提供专业后勤支持解决方案。
棒约翰国际是源自美国的知名披萨餐饮连锁品牌，截至2023年，它是美国市场规模第四大披萨外送连锁餐饮集团，总部设于肯塔基州路易斯维尔与佐治亚州亚特兰大的都会区，在全球多地开设门店，主打披萨外卖业务。
ARMK vs PZZA — 直观对比
营收规模更大
ARMK
是对方的9.7倍
$498.2M
营收增速更快
ARMK
高出12.3%
-6.1%
净利率更高
ARMK
高出0.6%
1.4%
自由现金流更多
PZZA
多$906.5M
$-904.4M
两年增速更快
ARMK
近两年复合增速
-1.5%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $498.2M |
| 净利润 | $96.2M | $7.1M |
| 毛利率 | — | — |
| 营业利润率 | 4.5% | 4.9% |
| 净利率 | 2.0% | 1.4% |
| 营收同比 | 6.1% | -6.1% |
| 净利润同比 | -9.0% | -52.2% |
| 每股收益（稀释后） | $0.36 | $0.22 |
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ARMKPZZA
| Q1 26 | $4.8B | — | ||
| Q4 25 | $5.0B | $498.2M | ||
| Q3 25 | — | $508.2M | ||
| Q2 25 | $4.6B | $529.2M | ||
| Q1 25 | $4.3B | $518.3M | ||
| Q4 24 | $4.6B | $530.8M | ||
| Q3 24 | $4.4B | $506.8M | ||
| Q2 24 | $4.4B | $507.9M |
净利润ARMKPZZA
| Q1 26 | $96.2M | — | ||
| Q4 25 | $87.1M | $7.1M | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | $71.8M | $9.5M | ||
| Q1 25 | $61.9M | $9.2M | ||
| Q4 24 | $105.6M | $14.8M | ||
| Q3 24 | $122.4M | $41.8M | ||
| Q2 24 | $58.1M | $12.2M |
营业利润率ARMKPZZA
| Q1 26 | 4.5% | — | ||
| Q4 25 | 4.3% | 4.9% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | 3.9% | 4.6% | ||
| Q1 25 | 4.1% | 4.6% | ||
| Q4 24 | 4.8% | 5.6% | ||
| Q3 24 | 5.0% | 12.9% | ||
| Q2 24 | 3.7% | 5.6% |
净利率ARMKPZZA
| Q1 26 | 2.0% | — | ||
| Q4 25 | 1.7% | 1.4% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | 1.6% | 1.8% | ||
| Q1 25 | 1.4% | 1.8% | ||
| Q4 24 | 2.3% | 2.8% | ||
| Q3 24 | 2.8% | 8.2% | ||
| Q2 24 | 1.3% | 2.4% |
每股收益（稀释后）ARMKPZZA
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.33 | $0.22 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | $0.27 | $0.28 | ||
| Q1 25 | $0.23 | $0.27 | ||
| Q4 24 | $0.39 | $0.46 | ||
| Q3 24 | $0.46 | $1.27 | ||
| Q2 24 | $0.22 | $0.37 |
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 | $439.6M | $34.6M |
| 总债务越低越好 | $6.2B | $722.3M |
| 股东权益账面价值 | $3.2B | $-444.8M |
| 总资产 | $13.5B | $837.5M |
| 负债/权益比越低杠杆越低 | 1.94× | — |
8季度趋势，按日历期对齐
现金及短期投资ARMKPZZA
| Q1 26 | $439.6M | — | ||
| Q4 25 | $639.1M | $34.6M | ||
| Q3 25 | — | $39.0M | ||
| Q2 25 | $501.5M | $33.3M | ||
| Q1 25 | $920.5M | $44.0M | ||
| Q4 24 | $484.1M | $38.0M | ||
| Q3 24 | $672.5M | $17.6M | ||
| Q2 24 | $436.1M | $24.3M |
总债务ARMKPZZA
| Q1 26 | $6.2B | — | ||
| Q4 25 | $5.4B | $722.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $5.0B | — |
股东权益ARMKPZZA
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $-444.8M | ||
| Q3 25 | — | $-439.3M | ||
| Q2 25 | $3.1B | $-432.0M | ||
| Q1 25 | $3.0B | $-431.9M | ||
| Q4 24 | $3.1B | $-429.5M | ||
| Q3 24 | $3.0B | $-430.9M | ||
| Q2 24 | $2.9B | $-461.7M |
总资产ARMKPZZA
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.3B | $837.5M | ||
| Q3 25 | — | $884.1M | ||
| Q2 25 | $13.3B | $890.4M | ||
| Q1 25 | $13.5B | $898.1M | ||
| Q4 24 | $12.7B | $889.0M | ||
| Q3 24 | $12.7B | $860.9M | ||
| Q2 24 | $12.5B | $838.4M |
负债/权益比ARMKPZZA
| Q1 26 | 1.94× | — | ||
| Q4 25 | 1.71× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.03× | — | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.71× | — |
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 | $-782.2M | $19.8M |
| 自由现金流经营现金流 - 资本支出 | $-904.4M | $2.1M |
| 自由现金流率自由现金流/营收 | -18.7% | 0.4% |
| 资本支出强度资本支出/营收 | 2.5% | 3.6% |
| 现金转化率经营现金流/净利润 | -8.13× | 2.80× |
| 过去12个月自由现金流最近4个季度 | — | $61.3M |
8季度趋势，按日历期对齐
经营现金流ARMKPZZA
| Q1 26 | $-782.2M | — | ||
| Q4 25 | — | $19.8M | ||
| Q3 25 | — | $39.3M | ||
| Q2 25 | $76.7M | $35.5M | ||
| Q1 25 | $255.9M | $31.3M | ||
| Q4 24 | $-587.2M | $50.7M | ||
| Q3 24 | $1.0B | $13.9M | ||
| Q2 24 | $140.7M | $30.0M |
自由现金流ARMKPZZA
| Q1 26 | $-904.4M | — | ||
| Q4 25 | — | $2.1M | ||
| Q3 25 | — | $22.7M | ||
| Q2 25 | $-34.7M | $17.4M | ||
| Q1 25 | $140.1M | $19.1M | ||
| Q4 24 | $-707.0M | $25.2M | ||
| Q3 24 | $882.3M | $-3.8M | ||
| Q2 24 | $55.6M | $13.9M |
自由现金流率ARMKPZZA
| Q1 26 | -18.7% | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | -0.8% | 3.3% | ||
| Q1 25 | 3.3% | 3.7% | ||
| Q4 24 | -15.5% | 4.7% | ||
| Q3 24 | 20.0% | -0.8% | ||
| Q2 24 | 1.3% | 2.7% |
资本支出强度ARMKPZZA
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.8% | 3.6% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | 2.4% | 3.4% | ||
| Q1 25 | 2.7% | 2.4% | ||
| Q4 24 | 2.6% | 4.8% | ||
| Q3 24 | 3.2% | 3.5% | ||
| Q2 24 | 1.9% | 3.2% |
现金转化率ARMKPZZA
| Q1 26 | -8.13× | — | ||
| Q4 25 | — | 2.80× | ||
| Q3 25 | — | 8.36× | ||
| Q2 25 | 1.07× | 3.73× | ||
| Q1 25 | 4.14× | 3.40× | ||
| Q4 24 | -5.56× | 3.43× | ||
| Q3 24 | 8.35× | 0.33× | ||
| Q2 24 | 2.42× | 2.45× |
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
ARMK
| Education | $1.1B | 22% |
| Sports Leisure Corrections | $961.2M | 20% |
| Food And Support Services International | $847.8M | 18% |
| Other | $621.6M | 13% |
| Businessand Industry | $510.6M | 11% |
| Health Care | $421.3M | 9% |
| Facility Services | $382.9M | 8% |
PZZA
| Commissary | $236.8M | 48% |
| Company Owned Restaurant Sales | $154.4M | 31% |
| Franchisor | $47.5M | 10% |
| Advertising | $37.2M | 7% |
| Other | $22.2M | 4% |
