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Bloomin' Brands, Inc.（BLMN）与Restaurant Brands International Inc.（QSR）财务数据对比。点击上方公司名可切换其他公司
Restaurant Brands International Inc.的季度营收约是Bloomin' Brands, Inc.的2.5倍（$2.5B vs $975.2M）。Restaurant Brands International Inc.净利率更高（6.3% vs -1.4%，领先7.7%）。Restaurant Brands International Inc.同比增速更快（7.4% vs 0.3%）。Restaurant Brands International Inc.自由现金流更多（$453.0M vs $63.7M）。过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% 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。
Restaurant Brands International（简称RBI）是美加合资的跨国快餐控股企业，2014年由汉堡王与加拿大咖啡连锁品牌蒂姆·霍顿斯以125亿美元合并成立，后续先后收购Popeyes、Firehouse Subs两大品牌，现为全球第五大快餐运营商，规模仅次于赛百味、麦当劳、星巴克和百胜餐饮。
BLMN vs QSR — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $975.2M | $2.5B |
| 净利润 | $-13.5M | $155.0M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -1.4% | 25.2% |
| 净利率 | -1.4% | 6.3% |
| 营收同比 | 0.3% | 7.4% |
| 净利润同比 | 83.0% | -57.1% |
| 每股收益（稀释后） | $-0.16 | $0.33 |
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
| Q4 25 | $975.2M | $2.5B | ||
| Q3 25 | $928.8M | $2.4B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $972.0M | $2.3B | ||
| Q3 24 | $910.0M | $2.3B | ||
| Q2 24 | $999.4M | $2.1B | ||
| Q1 24 | $1.1B | $1.7B |
| Q4 25 | $-13.5M | $155.0M | ||
| Q3 25 | $-45.9M | $436.0M | ||
| Q2 25 | $25.4M | $263.0M | ||
| Q1 25 | $42.2M | $221.0M | ||
| Q4 24 | $-79.5M | $361.0M | ||
| Q3 24 | $6.9M | $357.0M | ||
| Q2 24 | $28.4M | $399.0M | ||
| Q1 24 | $-83.9M | $328.0M |
| 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% | 65.2% |
| Q4 25 | -1.4% | 25.2% | ||
| Q3 25 | -3.9% | 27.1% | ||
| Q2 25 | 3.0% | 20.0% | ||
| Q1 25 | 5.5% | 20.6% | ||
| Q4 24 | 1.7% | 27.7% | ||
| Q3 24 | 0.9% | 25.2% | ||
| Q2 24 | 4.4% | 31.9% | ||
| Q1 24 | 6.6% | 31.3% |
| Q4 25 | -1.4% | 6.3% | ||
| Q3 25 | -4.9% | 17.8% | ||
| Q2 25 | 2.5% | 10.9% | ||
| Q1 25 | 4.0% | 10.5% | ||
| Q4 24 | -8.2% | 15.7% | ||
| Q3 24 | 0.8% | 15.6% | ||
| Q2 24 | 2.8% | 19.2% | ||
| Q1 24 | -7.8% | 18.9% |
| Q4 25 | $-0.16 | $0.33 | ||
| Q3 25 | $-0.54 | $0.96 | ||
| Q2 25 | $0.30 | $0.57 | ||
| Q1 25 | $0.50 | $0.49 | ||
| Q4 24 | $-0.93 | $0.79 | ||
| Q3 24 | $0.08 | $0.79 | ||
| Q2 24 | $0.32 | $0.88 | ||
| Q1 24 | $-0.96 | $0.72 |
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 | — |
| 总债务越低越好 | $787.4M | $13.3B |
| 股东权益账面价值 | $333.6M | $3.6B |
| 总资产 | $3.2B | $25.6B |
| 负债/权益比越低杠杆越低 | 2.36× | 3.65× |
8季度趋势，按日历期对齐
| Q4 25 | $59.5M | — | ||
| Q3 25 | $66.5M | — | ||
| Q2 25 | $50.3M | — | ||
| Q1 25 | $57.7M | — | ||
| Q4 24 | $70.1M | — | ||
| Q3 24 | $83.6M | — | ||
| Q2 24 | $117.9M | — | ||
| Q1 24 | $131.7M | — |
| Q4 25 | $787.4M | $13.3B | ||
| Q3 25 | $962.2M | $13.5B | ||
| Q2 25 | $917.1M | $13.6B | ||
| Q1 25 | $917.6M | $13.6B | ||
| Q4 24 | $1.0B | $13.6B | ||
| Q3 24 | $1.1B | $13.7B | ||
| Q2 24 | $1.0B | $13.7B | ||
| Q1 24 | $951.8M | $12.9B |
| Q4 25 | $333.6M | $3.6B | ||
| Q3 25 | $344.1M | $3.4B | ||
| Q2 25 | $397.2M | $3.3B | ||
| Q1 25 | $380.6M | $3.1B | ||
| Q4 24 | $135.5M | $3.1B | ||
| Q3 24 | $242.1M | $3.2B | ||
| Q2 24 | $286.8M | $3.1B | ||
| Q1 24 | $302.7M | $3.0B |
| Q4 25 | $3.2B | $25.6B | ||
| Q3 25 | $3.3B | $25.7B | ||
| Q2 25 | $3.3B | $25.7B | ||
| Q1 25 | $3.3B | $24.9B | ||
| Q4 24 | $3.4B | $24.6B | ||
| Q3 24 | $3.4B | $25.1B | ||
| Q2 24 | $3.4B | $24.8B | ||
| Q1 24 | $3.4B | $23.1B |
| Q4 25 | 2.36× | 3.65× | ||
| Q3 25 | 2.80× | 3.99× | ||
| Q2 25 | 2.31× | 4.10× | ||
| Q1 25 | 2.41× | 4.37× | ||
| Q4 24 | 7.58× | 4.39× | ||
| Q3 24 | 4.51× | 4.22× | ||
| Q2 24 | 3.49× | 4.46× | ||
| Q1 24 | 3.14× | 4.35× |
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 | $555.0M |
| 自由现金流经营现金流 - 资本支出 | $63.7M | $453.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 18.4% |
| 资本支出强度资本支出/营收 | 5.7% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 3.58× |
| 过去12个月自由现金流最近4个季度 | $96.8M | $1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $119.1M | $555.0M | ||
| Q3 25 | $34.4M | $592.0M | ||
| Q2 25 | $49.7M | $449.0M | ||
| Q1 25 | $73.5M | $118.0M | ||
| Q4 24 | $119.8M | $481.0M | ||
| Q3 24 | $-7.8M | $540.0M | ||
| Q2 24 | $42.4M | $334.0M | ||
| Q1 24 | $73.8M | $148.0M |
| Q4 25 | $63.7M | $453.0M | ||
| Q3 25 | $-5.7M | $531.0M | ||
| Q2 25 | $11.1M | $411.0M | ||
| Q1 25 | $27.7M | $54.0M | ||
| Q4 24 | $66.7M | $404.0M | ||
| Q3 24 | $-67.3M | $485.0M | ||
| Q2 24 | $-12.1M | $291.0M | ||
| Q1 24 | $20.0M | $122.0M |
| Q4 25 | 6.5% | 18.4% | ||
| Q3 25 | -0.6% | 21.7% | ||
| Q2 25 | 1.1% | 17.1% | ||
| Q1 25 | 2.6% | 2.6% | ||
| Q4 24 | 6.9% | 17.6% | ||
| Q3 24 | -7.4% | 21.2% | ||
| Q2 24 | -1.2% | 14.0% | ||
| Q1 24 | 1.9% | 7.0% |
| Q4 25 | 5.7% | 4.1% | ||
| Q3 25 | 4.3% | 2.5% | ||
| Q2 25 | 3.8% | 1.6% | ||
| Q1 25 | 4.4% | 3.0% | ||
| Q4 24 | 5.5% | 3.4% | ||
| Q3 24 | 6.5% | 2.4% | ||
| Q2 24 | 5.5% | 2.1% | ||
| Q1 24 | 5.0% | 1.5% |
| Q4 25 | — | 3.58× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | 1.95× | 1.71× | ||
| Q1 25 | 1.74× | 0.53× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | -1.13× | 1.51× | ||
| Q2 24 | 1.49× | 0.84× | ||
| Q1 24 | — | 0.45× |
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
BLMN
| Food And Beverage | $958.0M | 98% |
| Franchiseand Other Revenue | $17.2M | 2% |
| International Franchise Segment | $7.8M | 1% |
QSR
| CA | $1.0B | 41% |
| Other | $330.0M | 13% |
| Advertising | $308.0M | 12% |
| Others | $284.0M | 12% |
| Popeyes Louisiana Kitchen | $195.0M | 8% |
| Burger King | $185.0M | 8% |
| Royalty | $87.0M | 4% |
| Firehouse Subs | $59.0M | 2% |
| Franchisor | $7.0M | 0% |
