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Bloomin' Brands, Inc.（BLMN）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
Bloomin' Brands, Inc.的季度营收约是棒约翰的2.0倍（$975.2M vs $498.2M），棒约翰净利率更高（1.4% vs -1.4%，领先2.8%），Bloomin' Brands, Inc.同比增速更快（0.3% vs -6.1%），Bloomin' Brands, Inc.自由现金流更多（$63.7M vs $2.1M），过去两年棒约翰的营收复合增速更高（-1.5% vs -4.5%）
Bloomin' Brands, Inc.是一家餐饮控股集团，1988年成立，总部位于美国佛罗里达州坦帕市，旗下拥有多个美式休闲餐饮连锁品牌，是北美休闲餐饮领域颇具规模的企业之一。
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。
BLMN vs PZZA — 直观对比
营收规模更大
BLMN
是对方的2.0倍
$498.2M
营收增速更快
BLMN
高出6.5%
-6.1%
净利率更高
PZZA
高出2.8%
-1.4%
自由现金流更多
BLMN
多$61.6M
$2.1M
两年增速更快
PZZA
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $975.2M | $498.2M |
| 净利润 | $-13.5M | $7.1M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -1.4% | 4.9% |
| 净利率 | -1.4% | 1.4% |
| 营收同比 | 0.3% | -6.1% |
| 净利润同比 | 83.0% | -52.2% |
| 每股收益（稀释后） | $-0.16 | $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BLMNPZZA
| Q4 25 | $975.2M | $498.2M | ||
| Q3 25 | $928.8M | $508.2M | ||
| Q2 25 | $1.0B | $529.2M | ||
| Q1 25 | $1.0B | $518.3M | ||
| Q4 24 | $972.0M | $530.8M | ||
| Q3 24 | $910.0M | $506.8M | ||
| Q2 24 | $999.4M | $507.9M | ||
| Q1 24 | $1.1B | $513.9M |
净利润BLMNPZZA
| Q4 25 | $-13.5M | $7.1M | ||
| Q3 25 | $-45.9M | $4.7M | ||
| Q2 25 | $25.4M | $9.5M | ||
| Q1 25 | $42.2M | $9.2M | ||
| Q4 24 | $-79.5M | $14.8M | ||
| Q3 24 | $6.9M | $41.8M | ||
| Q2 24 | $28.4M | $12.2M | ||
| Q1 24 | $-83.9M | $14.6M |
毛利率BLMNPZZA
| Q4 25 | 70.2% | — | ||
| Q3 25 | 70.4% | — | ||
| Q2 25 | 70.2% | — | ||
| Q1 25 | 70.1% | — | ||
| Q4 24 | 71.6% | — | ||
| Q3 24 | 71.3% | — | ||
| Q2 24 | 70.5% | — | ||
| Q1 24 | 70.5% | — |
营业利润率BLMNPZZA
| Q4 25 | -1.4% | 4.9% | ||
| Q3 25 | -3.9% | 3.2% | ||
| Q2 25 | 3.0% | 4.6% | ||
| Q1 25 | 5.5% | 4.6% | ||
| Q4 24 | 1.7% | 5.6% | ||
| Q3 24 | 0.9% | 12.9% | ||
| Q2 24 | 4.4% | 5.6% | ||
| Q1 24 | 6.6% | 6.6% |
净利率BLMNPZZA
| Q4 25 | -1.4% | 1.4% | ||
| Q3 25 | -4.9% | 0.9% | ||
| Q2 25 | 2.5% | 1.8% | ||
| Q1 25 | 4.0% | 1.8% | ||
| Q4 24 | -8.2% | 2.8% | ||
| Q3 24 | 0.8% | 8.2% | ||
| Q2 24 | 2.8% | 2.4% | ||
| Q1 24 | -7.8% | 2.8% |
每股收益（稀释后）BLMNPZZA
| Q4 25 | $-0.16 | $0.22 | ||
| Q3 25 | $-0.54 | $0.13 | ||
| Q2 25 | $0.30 | $0.28 | ||
| Q1 25 | $0.50 | $0.27 | ||
| Q4 24 | $-0.93 | $0.46 | ||
| Q3 24 | $0.08 | $1.27 | ||
| Q2 24 | $0.32 | $0.37 | ||
| Q1 24 | $-0.96 | $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 | $59.5M | $34.6M |
| 总债务越低越好 | $787.4M | $722.3M |
| 股东权益账面价值 | $333.6M | $-444.8M |
| 总资产 | $3.2B | $837.5M |
| 负债/权益比越低杠杆越低 | 2.36× | — |
8季度趋势，按日历期对齐
现金及短期投资BLMNPZZA
| Q4 25 | $59.5M | $34.6M | ||
| Q3 25 | $66.5M | $39.0M | ||
| Q2 25 | $50.3M | $33.3M | ||
| Q1 25 | $57.7M | $44.0M | ||
| Q4 24 | $70.1M | $38.0M | ||
| Q3 24 | $83.6M | $17.6M | ||
| Q2 24 | $117.9M | $24.3M | ||
| Q1 24 | $131.7M | $27.8M |
总债务BLMNPZZA
| Q4 25 | $787.4M | $722.3M | ||
| Q3 25 | $962.2M | — | ||
| Q2 25 | $917.1M | — | ||
| Q1 25 | $917.6M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $951.8M | — |
股东权益BLMNPZZA
| Q4 25 | $333.6M | $-444.8M | ||
| Q3 25 | $344.1M | $-439.3M | ||
| Q2 25 | $397.2M | $-432.0M | ||
| Q1 25 | $380.6M | $-431.9M | ||
| Q4 24 | $135.5M | $-429.5M | ||
| Q3 24 | $242.1M | $-430.9M | ||
| Q2 24 | $286.8M | $-461.7M | ||
| Q1 24 | $302.7M | $-461.9M |
总资产BLMNPZZA
| Q4 25 | $3.2B | $837.5M | ||
| Q3 25 | $3.3B | $884.1M | ||
| Q2 25 | $3.3B | $890.4M | ||
| Q1 25 | $3.3B | $898.1M | ||
| Q4 24 | $3.4B | $889.0M | ||
| Q3 24 | $3.4B | $860.9M | ||
| Q2 24 | $3.4B | $838.4M | ||
| Q1 24 | $3.4B | $847.2M |
负债/权益比BLMNPZZA
| Q4 25 | 2.36× | — | ||
| Q3 25 | 2.80× | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | 2.41× | — | ||
| Q4 24 | 7.58× | — | ||
| Q3 24 | 4.51× | — | ||
| Q2 24 | 3.49× | — | ||
| Q1 24 | 3.14× | — |
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 | $119.1M | $19.8M |
| 自由现金流经营现金流 - 资本支出 | $63.7M | $2.1M |
| 自由现金流率自由现金流/营收 | 6.5% | 0.4% |
| 资本支出强度资本支出/营收 | 5.7% | 3.6% |
| 现金转化率经营现金流/净利润 | — | 2.80× |
| 过去12个月自由现金流最近4个季度 | $96.8M | $61.3M |
8季度趋势，按日历期对齐
经营现金流BLMNPZZA
| Q4 25 | $119.1M | $19.8M | ||
| Q3 25 | $34.4M | $39.3M | ||
| Q2 25 | $49.7M | $35.5M | ||
| Q1 25 | $73.5M | $31.3M | ||
| Q4 24 | $119.8M | $50.7M | ||
| Q3 24 | $-7.8M | $13.9M | ||
| Q2 24 | $42.4M | $30.0M | ||
| Q1 24 | $73.8M | $12.0M |
自由现金流BLMNPZZA
| Q4 25 | $63.7M | $2.1M | ||
| Q3 25 | $-5.7M | $22.7M | ||
| Q2 25 | $11.1M | $17.4M | ||
| Q1 25 | $27.7M | $19.1M | ||
| Q4 24 | $66.7M | $25.2M | ||
| Q3 24 | $-67.3M | $-3.8M | ||
| Q2 24 | $-12.1M | $13.9M | ||
| Q1 24 | $20.0M | $-1.1M |
自由现金流率BLMNPZZA
| Q4 25 | 6.5% | 0.4% | ||
| Q3 25 | -0.6% | 4.5% | ||
| Q2 25 | 1.1% | 3.3% | ||
| Q1 25 | 2.6% | 3.7% | ||
| Q4 24 | 6.9% | 4.7% | ||
| Q3 24 | -7.4% | -0.8% | ||
| Q2 24 | -1.2% | 2.7% | ||
| Q1 24 | 1.9% | -0.2% |
资本支出强度BLMNPZZA
| Q4 25 | 5.7% | 3.6% | ||
| Q3 25 | 4.3% | 3.3% | ||
| Q2 25 | 3.8% | 3.4% | ||
| Q1 25 | 4.4% | 2.4% | ||
| Q4 24 | 5.5% | 4.8% | ||
| Q3 24 | 6.5% | 3.5% | ||
| Q2 24 | 5.5% | 3.2% | ||
| Q1 24 | 5.0% | 2.5% |
现金转化率BLMNPZZA
| Q4 25 | — | 2.80× | ||
| Q3 25 | — | 8.36× | ||
| Q2 25 | 1.95× | 3.73× | ||
| Q1 25 | 1.74× | 3.40× | ||
| Q4 24 | — | 3.43× | ||
| Q3 24 | -1.13× | 0.33× | ||
| Q2 24 | 1.49× | 2.45× | ||
| Q1 24 | — | 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
BLMN
| Food And Beverage | $958.0M | 98% |
| Franchiseand Other Revenue | $17.2M | 2% |
| International Franchise Segment | $7.8M | 1% |
PZZA
| Commissary | $236.8M | 48% |
| Company Owned Restaurant Sales | $154.4M | 31% |
| Franchisor | $47.5M | 10% |
| Advertising | $37.2M | 7% |
| Other | $22.2M | 4% |
