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爱玛客（ARMK）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
爱玛客的季度营收约是百胜中国的1.7倍（$4.8B vs $2.8B）。百胜中国净利率更高（5.0% vs 2.0%，领先3.0%）。百胜中国同比增速更快（8.8% vs 6.1%）。百胜中国自由现金流更多（$-116.0M vs $-904.4M）。过去两年爱玛客的营收复合增速更高（7.3% vs -2.3%）
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。
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。
ARMK vs YUMC — 直观对比
营收规模更大
ARMK
是对方的1.7倍
$2.8B
营收增速更快
YUMC
高出2.6%
6.1%
净利率更高
YUMC
高出3.0%
2.0%
自由现金流更多
YUMC
多$788.4M
$-904.4M
两年增速更快
ARMK
近两年复合增速
-2.3%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $2.8B |
| 净利润 | $96.2M | $140.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.5% | 6.6% |
| 净利率 | 2.0% | 5.0% |
| 营收同比 | 6.1% | 8.8% |
| 净利润同比 | -9.0% | 21.7% |
| 每股收益（稀释后） | $0.36 | $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ARMKYUMC
| Q1 26 | $4.8B | — | ||
| Q4 25 | $5.0B | $2.8B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $4.6B | $2.8B | ||
| Q1 25 | $4.3B | $3.0B | ||
| Q4 24 | $4.6B | $2.6B | ||
| Q3 24 | $4.4B | $3.1B | ||
| Q2 24 | $4.4B | $2.7B |
净利润ARMKYUMC
| Q1 26 | $96.2M | — | ||
| Q4 25 | $87.1M | $140.0M | ||
| Q3 25 | — | $282.0M | ||
| Q2 25 | $71.8M | $215.0M | ||
| Q1 25 | $61.9M | $292.0M | ||
| Q4 24 | $105.6M | $115.0M | ||
| Q3 24 | $122.4M | $297.0M | ||
| Q2 24 | $58.1M | $212.0M |
营业利润率ARMKYUMC
| Q1 26 | 4.5% | — | ||
| Q4 25 | 4.3% | 6.6% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | 3.9% | 10.9% | ||
| Q1 25 | 4.1% | 13.4% | ||
| Q4 24 | 4.8% | 5.8% | ||
| Q3 24 | 5.0% | 12.1% | ||
| Q2 24 | 3.7% | 9.9% |
净利率ARMKYUMC
| Q1 26 | 2.0% | — | ||
| Q4 25 | 1.7% | 5.0% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | 1.6% | 7.7% | ||
| Q1 25 | 1.4% | 9.8% | ||
| Q4 24 | 2.3% | 4.4% | ||
| Q3 24 | 2.8% | 9.7% | ||
| Q2 24 | 1.3% | 7.9% |
每股收益（稀释后）ARMKYUMC
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.33 | $0.40 | ||
| Q3 25 | — | $0.76 | ||
| Q2 25 | $0.27 | $0.58 | ||
| Q1 25 | $0.23 | $0.77 | ||
| Q4 24 | $0.39 | $0.30 | ||
| Q3 24 | $0.46 | $0.77 | ||
| Q2 24 | $0.22 | $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 | $439.6M | $1.4B |
| 总债务越低越好 | $6.2B | — |
| 股东权益账面价值 | $3.2B | $5.4B |
| 总资产 | $13.5B | $10.8B |
| 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ARMKYUMC
| Q1 26 | $439.6M | — | ||
| Q4 25 | $639.1M | $1.4B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $501.5M | $2.2B | ||
| Q1 25 | $920.5M | $2.0B | ||
| Q4 24 | $484.1M | $1.8B | ||
| Q3 24 | $672.5M | $2.5B | ||
| Q2 24 | $436.1M | $2.5B |
总债务ARMKYUMC
| Q1 26 | $6.2B | — | ||
| Q4 25 | $5.4B | — | ||
| 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ARMKYUMC
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $5.4B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $3.1B | $5.8B | ||
| Q1 25 | $3.0B | $5.8B | ||
| Q4 24 | $3.1B | $5.7B | ||
| Q3 24 | $3.0B | $6.0B | ||
| Q2 24 | $2.9B | $5.8B |
总资产ARMKYUMC
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.3B | $10.8B | ||
| Q3 25 | — | $11.0B | ||
| Q2 25 | $13.3B | $11.0B | ||
| Q1 25 | $13.5B | $11.0B | ||
| Q4 24 | $12.7B | $11.1B | ||
| Q3 24 | $12.7B | $11.8B | ||
| Q2 24 | $12.5B | $11.6B |
负债/权益比ARMKYUMC
| 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 | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $-904.4M | $-116.0M |
| 自由现金流率自由现金流/营收 | -18.7% | -4.1% |
| 资本支出强度资本支出/营收 | 2.5% | 8.5% |
| 现金转化率经营现金流/净利润 | -8.13× | 0.89× |
| 过去12个月自由现金流最近4个季度 | — | $840.0M |
8季度趋势，按日历期对齐
经营现金流ARMKYUMC
| Q1 26 | $-782.2M | — | ||
| Q4 25 | — | $125.0M | ||
| Q3 25 | — | $477.0M | ||
| Q2 25 | $76.7M | $412.0M | ||
| Q1 25 | $255.9M | $452.0M | ||
| Q4 24 | $-587.2M | $167.0M | ||
| Q3 24 | $1.0B | $409.0M | ||
| Q2 24 | $140.7M | $401.0M |
自由现金流ARMKYUMC
| Q1 26 | $-904.4M | — | ||
| Q4 25 | — | $-116.0M | ||
| Q3 25 | — | $351.0M | ||
| Q2 25 | $-34.7M | $290.0M | ||
| Q1 25 | $140.1M | $315.0M | ||
| Q4 24 | $-707.0M | $-15.0M | ||
| Q3 24 | $882.3M | $244.0M | ||
| Q2 24 | $55.6M | $232.0M |
自由现金流率ARMKYUMC
| Q1 26 | -18.7% | — | ||
| Q4 25 | — | -4.1% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | -0.8% | 10.4% | ||
| Q1 25 | 3.3% | 10.6% | ||
| Q4 24 | -15.5% | -0.6% | ||
| Q3 24 | 20.0% | 7.9% | ||
| Q2 24 | 1.3% | 8.7% |
资本支出强度ARMKYUMC
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.8% | 8.5% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | 2.4% | 4.4% | ||
| Q1 25 | 2.7% | 4.6% | ||
| Q4 24 | 2.6% | 7.0% | ||
| Q3 24 | 3.2% | 5.4% | ||
| Q2 24 | 1.9% | 6.3% |
现金转化率ARMKYUMC
| Q1 26 | -8.13× | — | ||
| Q4 25 | — | 0.89× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | 1.07× | 1.92× | ||
| Q1 25 | 4.14× | 1.55× | ||
| Q4 24 | -5.56× | 1.45× | ||
| Q3 24 | 8.35× | 1.38× | ||
| Q2 24 | 2.42× | 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
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% |
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% |
