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BJs RESTAURANTS INC（BJRI）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
棒约翰的季度营收约是BJs RESTAURANTS INC的1.5倍（$498.2M vs $330.2M）。棒约翰净利率更高（1.4% vs 0.1%，领先1.3%）。BJs RESTAURANTS INC同比增速更快（1.4% vs -6.1%）。BJs RESTAURANTS INC自由现金流更多（$3.6M vs $2.1M）。过去两年BJs RESTAURANTS INC的营收复合增速更高（1.0% vs -1.5%）
BJ's Restaurants Inc.是美国休闲连锁餐饮企业，旗下门店遍布美国多个地区，主打招牌深盘披萨、精酿啤酒、手工鸡尾酒及各类美式家常餐食，服务家庭聚餐、朋友聚会等多元客群，主打轻松舒适的用餐氛围。
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。
BJRI vs PZZA — 直观对比
营收规模更大
PZZA
是对方的1.5倍
$330.2M
营收增速更快
BJRI
高出7.5%
-6.1%
净利率更高
PZZA
高出1.3%
0.1%
自由现金流更多
BJRI
多$1.5M
$2.1M
两年增速更快
BJRI
近两年复合增速
-1.5%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $330.2M | $498.2M |
| 净利润 | $465.0K | $7.1M |
| 毛利率 | 74.3% | — |
| 营业利润率 | -0.3% | 4.9% |
| 净利率 | 0.1% | 1.4% |
| 营收同比 | 1.4% | -6.1% |
| 净利润同比 | 115.9% | -52.2% |
| 每股收益（稀释后） | $0.02 | $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BJRIPZZA
| Q4 25 | — | $498.2M | ||
| Q3 25 | $365.6M | $508.2M | ||
| Q2 25 | $348.0M | $529.2M | ||
| Q1 25 | — | $518.3M | ||
| Q4 24 | $325.7M | $530.8M | ||
| Q3 24 | $349.9M | $506.8M | ||
| Q2 24 | $337.3M | $507.9M | ||
| Q1 24 | $323.6M | $513.9M |
净利润BJRIPZZA
| Q4 25 | — | $7.1M | ||
| Q3 25 | $22.2M | $4.7M | ||
| Q2 25 | $13.5M | $9.5M | ||
| Q1 25 | — | $9.2M | ||
| Q4 24 | $-2.9M | $14.8M | ||
| Q3 24 | $17.2M | $41.8M | ||
| Q2 24 | $7.7M | $12.2M | ||
| Q1 24 | $8.1M | $14.6M |
毛利率BJRIPZZA
| Q4 25 | — | — | ||
| Q3 25 | 75.2% | — | ||
| Q2 25 | 75.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 73.4% | — | ||
| Q3 24 | 74.3% | — | ||
| Q2 24 | 74.8% | — | ||
| Q1 24 | 74.5% | — |
营业利润率BJRIPZZA
| Q4 25 | — | 4.9% | ||
| Q3 25 | 5.8% | 3.2% | ||
| Q2 25 | 4.3% | 4.6% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | -0.8% | 5.6% | ||
| Q3 24 | 3.8% | 12.9% | ||
| Q2 24 | 2.4% | 5.6% | ||
| Q1 24 | 1.0% | 6.6% |
净利率BJRIPZZA
| Q4 25 | — | 1.4% | ||
| Q3 25 | 6.1% | 0.9% | ||
| Q2 25 | 3.9% | 1.8% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | -0.9% | 2.8% | ||
| Q3 24 | 4.9% | 8.2% | ||
| Q2 24 | 2.3% | 2.4% | ||
| Q1 24 | 2.5% | 2.8% |
每股收益（稀释后）BJRIPZZA
| Q4 25 | — | $0.22 | ||
| Q3 25 | $0.97 | $0.13 | ||
| Q2 25 | $0.58 | $0.28 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | $-0.13 | $0.46 | ||
| Q3 24 | $0.72 | $1.27 | ||
| Q2 24 | $0.32 | $0.37 | ||
| Q1 24 | $0.33 | $0.44 |
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 | $25.4M | $34.6M |
| 总债务越低越好 | $89.5M | $722.3M |
| 股东权益账面价值 | $356.2M | $-444.8M |
| 总资产 | $1.0B | $837.5M |
| 负债/权益比越低杠杆越低 | 0.25× | — |
8季度趋势，按日历期对齐
现金及短期投资BJRIPZZA
| Q4 25 | — | $34.6M | ||
| Q3 25 | $26.0M | $39.0M | ||
| Q2 25 | $19.0M | $33.3M | ||
| Q1 25 | — | $44.0M | ||
| Q4 24 | $18.4M | $38.0M | ||
| Q3 24 | $16.2M | $17.6M | ||
| Q2 24 | $18.8M | $24.3M | ||
| Q1 24 | $29.1M | $27.8M |
总债务BJRIPZZA
| Q4 25 | — | $722.3M | ||
| Q3 25 | $60.5M | — | ||
| Q2 25 | $85.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $66.5M | — | ||
| Q3 24 | $63.5M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | $68.0M | — |
股东权益BJRIPZZA
| Q4 25 | — | $-444.8M | ||
| Q3 25 | $386.6M | $-439.3M | ||
| Q2 25 | $371.5M | $-432.0M | ||
| Q1 25 | — | $-431.9M | ||
| Q4 24 | $376.2M | $-429.5M | ||
| Q3 24 | $386.5M | $-430.9M | ||
| Q2 24 | $375.4M | $-461.7M | ||
| Q1 24 | $365.8M | $-461.9M |
总资产BJRIPZZA
| Q4 25 | — | $837.5M | ||
| Q3 25 | $1.0B | $884.1M | ||
| Q2 25 | $1.0B | $890.4M | ||
| Q1 25 | — | $898.1M | ||
| Q4 24 | $1.0B | $889.0M | ||
| Q3 24 | $1.0B | $860.9M | ||
| Q2 24 | $1.0B | $838.4M | ||
| Q1 24 | $1.1B | $847.2M |
负债/权益比BJRIPZZA
| Q4 25 | — | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.19× | — |
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 | $25.1M | $19.8M |
| 自由现金流经营现金流 - 资本支出 | $3.6M | $2.1M |
| 自由现金流率自由现金流/营收 | 1.1% | 0.4% |
| 资本支出强度资本支出/营收 | 6.5% | 3.6% |
| 现金转化率经营现金流/净利润 | 53.89× | 2.80× |
| 过去12个月自由现金流最近4个季度 | $49.2M | $61.3M |
8季度趋势，按日历期对齐
经营现金流BJRIPZZA
| Q4 25 | — | $19.8M | ||
| Q3 25 | $62.3M | $39.3M | ||
| Q2 25 | $4.6M | $35.5M | ||
| Q1 25 | — | $31.3M | ||
| Q4 24 | $27.3M | $50.7M | ||
| Q3 24 | $20.2M | $13.9M | ||
| Q2 24 | $22.3M | $30.0M | ||
| Q1 24 | $32.2M | $12.0M |
自由现金流BJRIPZZA
| Q4 25 | — | $2.1M | ||
| Q3 25 | $41.9M | $22.7M | ||
| Q2 25 | $-12.1M | $17.4M | ||
| Q1 25 | — | $19.1M | ||
| Q4 24 | $7.6M | $25.2M | ||
| Q3 24 | $735.0K | $-3.8M | ||
| Q2 24 | $448.0K | $13.9M | ||
| Q1 24 | $15.3M | $-1.1M |
自由现金流率BJRIPZZA
| Q4 25 | — | 0.4% | ||
| Q3 25 | 11.5% | 4.5% | ||
| Q2 25 | -3.5% | 3.3% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | 2.3% | 4.7% | ||
| Q3 24 | 0.2% | -0.8% | ||
| Q2 24 | 0.1% | 2.7% | ||
| Q1 24 | 4.7% | -0.2% |
资本支出强度BJRIPZZA
| Q4 25 | — | 3.6% | ||
| Q3 25 | 5.6% | 3.3% | ||
| Q2 25 | 4.8% | 3.4% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 6.0% | 4.8% | ||
| Q3 24 | 5.6% | 3.5% | ||
| Q2 24 | 6.5% | 3.2% | ||
| Q1 24 | 5.2% | 2.5% |
现金转化率BJRIPZZA
| Q4 25 | — | 2.80× | ||
| Q3 25 | 2.80× | 8.36× | ||
| Q2 25 | 0.34× | 3.73× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | — | 3.43× | ||
| Q3 24 | 1.18× | 0.33× | ||
| Q2 24 | 2.89× | 2.45× | ||
| Q1 24 | 4.00× | 0.82× |
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
BJRI
暂无分部数据
PZZA
| Commissary | $236.8M | 48% |
| Company Owned Restaurant Sales | $154.4M | 31% |
| Franchisor | $47.5M | 10% |
| Advertising | $37.2M | 7% |
| Other | $22.2M | 4% |
