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爱玛客（ARMK）与Vistra Corp.（VST）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Vistra Corp.的1.0倍（$4.8B vs $4.8B），Vistra Corp.净利率更高（4.8% vs 2.0%，领先2.9%），Vistra Corp.同比增速更快（31.2% vs 6.1%），Vistra Corp.自由现金流更多（$596.0M vs $-904.4M），过去两年Vistra Corp.的营收复合增速更高（23.3% vs 7.3%）
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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
ARMK vs VST — 直观对比
营收规模更大
ARMK
是对方的1.0倍
$4.8B
营收增速更快
VST
高出25.1%
6.1%
净利率更高
VST
高出2.9%
2.0%
自由现金流更多
VST
多$1.5B
$-904.4M
两年增速更快
VST
近两年复合增速
7.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $4.8B |
| 净利润 | $96.2M | $233.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.5% | 9.9% |
| 净利率 | 2.0% | 4.8% |
| 营收同比 | 6.1% | 31.2% |
| 净利润同比 | -9.0% | -47.2% |
| 每股收益（稀释后） | $0.36 | $0.55 |
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ARMKVST
| Q1 26 | $4.8B | — | ||
| Q4 25 | $5.0B | $4.8B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | $4.6B | $3.8B | ||
| Q1 25 | $4.3B | $4.3B | ||
| Q4 24 | $4.6B | $3.7B | ||
| Q3 24 | $4.4B | $4.3B | ||
| Q2 24 | $4.4B | $3.6B |
净利润ARMKVST
| Q1 26 | $96.2M | — | ||
| Q4 25 | $87.1M | $233.0M | ||
| Q3 25 | — | $652.0M | ||
| Q2 25 | $71.8M | $327.0M | ||
| Q1 25 | $61.9M | $-268.0M | ||
| Q4 24 | $105.6M | $441.0M | ||
| Q3 24 | $122.4M | $1.9B | ||
| Q2 24 | $58.1M | $365.0M |
营业利润率ARMKVST
| Q1 26 | 4.5% | — | ||
| Q4 25 | 4.3% | 9.9% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | 3.9% | 13.7% | ||
| Q1 25 | 4.1% | -2.8% | ||
| Q4 24 | 4.8% | 16.4% | ||
| Q3 24 | 5.0% | 59.6% | ||
| Q2 24 | 3.7% | 22.5% |
净利率ARMKVST
| Q1 26 | 2.0% | — | ||
| Q4 25 | 1.7% | 4.8% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | 1.6% | 8.7% | ||
| Q1 25 | 1.4% | -6.3% | ||
| Q4 24 | 2.3% | 12.0% | ||
| Q3 24 | 2.8% | 43.5% | ||
| Q2 24 | 1.3% | 10.1% |
每股收益（稀释后）ARMKVST
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.33 | $0.55 | ||
| Q3 25 | — | $1.75 | ||
| Q2 25 | $0.27 | $0.81 | ||
| Q1 25 | $0.23 | $-0.93 | ||
| Q4 24 | $0.39 | $1.09 | ||
| Q3 24 | $0.46 | $5.25 | ||
| Q2 24 | $0.22 | $0.90 |
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 | $785.0M |
| 总债务越低越好 | $6.2B | $15.8B |
| 股东权益账面价值 | $3.2B | $5.1B |
| 总资产 | $13.5B | $41.5B |
| 负债/权益比越低杠杆越低 | 1.94× | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资ARMKVST
| Q1 26 | $439.6M | — | ||
| Q4 25 | $639.1M | $785.0M | ||
| Q3 25 | — | $602.0M | ||
| Q2 25 | $501.5M | $458.0M | ||
| Q1 25 | $920.5M | $561.0M | ||
| Q4 24 | $484.1M | $1.2B | ||
| Q3 24 | $672.5M | $905.0M | ||
| Q2 24 | $436.1M | $1.6B |
总债务ARMKVST
| Q1 26 | $6.2B | — | ||
| Q4 25 | $5.4B | $15.8B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | $6.3B | $15.5B | ||
| Q1 25 | $6.1B | $15.4B | ||
| Q4 24 | $5.0B | $15.4B | ||
| Q3 24 | $4.3B | $13.9B | ||
| Q2 24 | $5.0B | $13.9B |
股东权益ARMKVST
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $5.1B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | $3.1B | $4.8B | ||
| Q1 25 | $3.0B | $4.8B | ||
| Q4 24 | $3.1B | $5.6B | ||
| Q3 24 | $3.0B | $5.4B | ||
| Q2 24 | $2.9B | $5.6B |
总资产ARMKVST
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.3B | $41.5B | ||
| Q3 25 | — | $38.0B | ||
| Q2 25 | $13.3B | $38.1B | ||
| Q1 25 | $13.5B | $38.2B | ||
| Q4 24 | $12.7B | $37.8B | ||
| Q3 24 | $12.7B | $37.9B | ||
| Q2 24 | $12.5B | $39.1B |
负债/权益比ARMKVST
| Q1 26 | 1.94× | — | ||
| Q4 25 | 1.71× | 3.11× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | 2.03× | 3.22× | ||
| Q1 25 | 2.02× | 3.20× | ||
| Q4 24 | 1.61× | 2.77× | ||
| Q3 24 | 1.42× | 2.56× | ||
| Q2 24 | 1.71× | 2.49× |
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 | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $-904.4M | $596.0M |
| 自由现金流率自由现金流/营收 | -18.7% | 12.4% |
| 资本支出强度资本支出/营收 | 2.5% | 17.4% |
| 现金转化率经营现金流/净利润 | -8.13× | 6.15× |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流ARMKVST
| Q1 26 | $-782.2M | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $76.7M | $572.0M | ||
| Q1 25 | $255.9M | $599.0M | ||
| Q4 24 | $-587.2M | $1.4B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $140.7M | $1.2B |
自由现金流ARMKVST
| Q1 26 | $-904.4M | — | ||
| Q4 25 | — | $596.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $-34.7M | $-118.0M | ||
| Q1 25 | $140.1M | $-169.0M | ||
| Q4 24 | $-707.0M | $923.0M | ||
| Q3 24 | $882.3M | $1.0B | ||
| Q2 24 | $55.6M | $698.0M |
自由现金流率ARMKVST
| Q1 26 | -18.7% | — | ||
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 21.1% | ||
| Q2 25 | -0.8% | -3.1% | ||
| Q1 25 | 3.3% | -4.0% | ||
| Q4 24 | -15.5% | 25.2% | ||
| Q3 24 | 20.0% | 23.4% | ||
| Q2 24 | 1.3% | 19.4% |
资本支出强度ARMKVST
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.8% | 17.4% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | 2.4% | 18.4% | ||
| Q1 25 | 2.7% | 18.1% | ||
| Q4 24 | 2.6% | 11.7% | ||
| Q3 24 | 3.2% | 15.8% | ||
| Q2 24 | 1.9% | 13.8% |
现金转化率ARMKVST
| Q1 26 | -8.13× | — | ||
| Q4 25 | — | 6.15× | ||
| Q3 25 | — | 2.25× | ||
| Q2 25 | 1.07× | 1.75× | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | -5.56× | 3.07× | ||
| Q3 24 | 8.35× | 0.90× | ||
| Q2 24 | 2.42× | 3.28× |
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% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
