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Bloomin' Brands, Inc.（BLMN）与Wingstop Inc.（WING）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Wingstop Inc.的5.6倍（$975.2M vs $175.7M）。Wingstop Inc.净利率更高（15.2% vs -1.4%，领先16.6%）。Wingstop Inc.同比增速更快（8.6% vs 0.3%）。Bloomin' Brands, Inc.自由现金流更多（$63.7M vs $34.5M）。过去两年Wingstop Inc.的营收复合增速更高（9.8% 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。
Wingstop Inc.是美国知名跨国快餐连锁品牌，核心产品为布法罗鸡翅，旗下门店均采用20世纪30至40年代喷气时代前的航空主题装饰风格，目前业务已覆盖全球多个国家和地区。
BLMN vs WING — 直观对比
营收规模更大
BLMN
是对方的5.6倍
$175.7M
营收增速更快
WING
高出8.2%
0.3%
净利率更高
WING
高出16.6%
-1.4%
自由现金流更多
BLMN
多$29.2M
$34.5M
两年增速更快
WING
近两年复合增速
-4.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $975.2M | $175.7M |
| 净利润 | $-13.5M | $26.8M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -1.4% | 26.7% |
| 净利率 | -1.4% | 15.2% |
| 营收同比 | 0.3% | 8.6% |
| 净利润同比 | 83.0% | 0.0% |
| 每股收益（稀释后） | $-0.16 | $0.99 |
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BLMNWING
| Q4 25 | $975.2M | $175.7M | ||
| Q3 25 | $928.8M | $175.7M | ||
| Q2 25 | $1.0B | $174.3M | ||
| Q1 25 | $1.0B | $171.1M | ||
| Q4 24 | $972.0M | $161.8M | ||
| Q3 24 | $910.0M | $162.5M | ||
| Q2 24 | $999.4M | $155.7M | ||
| Q1 24 | $1.1B | $145.8M |
净利润BLMNWING
| Q4 25 | $-13.5M | $26.8M | ||
| Q3 25 | $-45.9M | $28.5M | ||
| Q2 25 | $25.4M | $26.8M | ||
| Q1 25 | $42.2M | $92.3M | ||
| Q4 24 | $-79.5M | $26.8M | ||
| Q3 24 | $6.9M | $25.7M | ||
| Q2 24 | $28.4M | $27.5M | ||
| Q1 24 | $-83.9M | $28.7M |
毛利率BLMNWING
| Q4 25 | 70.2% | — | ||
| Q3 25 | 70.4% | — | ||
| Q2 25 | 70.2% | — | ||
| Q1 25 | 70.1% | — | ||
| Q4 24 | 71.6% | 85.6% | ||
| Q3 24 | 71.3% | 85.0% | ||
| Q2 24 | 70.5% | 85.4% | ||
| Q1 24 | 70.5% | 85.4% |
营业利润率BLMNWING
| Q4 25 | -1.4% | 26.7% | ||
| Q3 25 | -3.9% | 27.9% | ||
| Q2 25 | 3.0% | 25.9% | ||
| Q1 25 | 5.5% | 22.4% | ||
| Q4 24 | 1.7% | 25.9% | ||
| Q3 24 | 0.9% | 24.5% | ||
| Q2 24 | 4.4% | 26.5% | ||
| Q1 24 | 6.6% | 29.3% |
净利率BLMNWING
| Q4 25 | -1.4% | 15.2% | ||
| Q3 25 | -4.9% | 16.2% | ||
| Q2 25 | 2.5% | 15.4% | ||
| Q1 25 | 4.0% | 53.9% | ||
| Q4 24 | -8.2% | 16.5% | ||
| Q3 24 | 0.8% | 15.8% | ||
| Q2 24 | 2.8% | 17.7% | ||
| Q1 24 | -7.8% | 19.7% |
每股收益（稀释后）BLMNWING
| Q4 25 | $-0.16 | $0.99 | ||
| Q3 25 | $-0.54 | $1.02 | ||
| Q2 25 | $0.30 | $0.96 | ||
| Q1 25 | $0.50 | $3.24 | ||
| Q4 24 | $-0.93 | $0.91 | ||
| Q3 24 | $0.08 | $0.88 | ||
| Q2 24 | $0.32 | $0.93 | ||
| Q1 24 | $-0.96 | $0.98 |
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 | $196.6M |
| 总债务越低越好 | $787.4M | $1.2B |
| 股东权益账面价值 | $333.6M | $-736.8M |
| 总资产 | $3.2B | $693.4M |
| 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BLMNWING
| Q4 25 | $59.5M | $196.6M | ||
| Q3 25 | $66.5M | $237.6M | ||
| Q2 25 | $50.3M | $227.9M | ||
| Q1 25 | $57.7M | $251.4M | ||
| Q4 24 | $70.1M | $315.9M | ||
| Q3 24 | $83.6M | $84.0M | ||
| Q2 24 | $117.9M | $96.7M | ||
| Q1 24 | $131.7M | $108.3M |
总债务BLMNWING
| Q4 25 | $787.4M | $1.2B | ||
| Q3 25 | $962.2M | — | ||
| Q2 25 | $917.1M | — | ||
| Q1 25 | $917.6M | — | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $951.8M | — |
股东权益BLMNWING
| Q4 25 | $333.6M | $-736.8M | ||
| Q3 25 | $344.1M | $-702.6M | ||
| Q2 25 | $397.2M | $-686.0M | ||
| Q1 25 | $380.6M | $-715.0M | ||
| Q4 24 | $135.5M | $-675.6M | ||
| Q3 24 | $242.1M | $-447.5M | ||
| Q2 24 | $286.8M | $-437.5M | ||
| Q1 24 | $302.7M | $-434.4M |
总资产BLMNWING
| Q4 25 | $3.2B | $693.4M | ||
| Q3 25 | $3.3B | $721.0M | ||
| Q2 25 | $3.3B | $708.3M | ||
| Q1 25 | $3.3B | $696.8M | ||
| Q4 24 | $3.4B | $716.2M | ||
| Q3 24 | $3.4B | $484.8M | ||
| Q2 24 | $3.4B | $451.8M | ||
| Q1 24 | $3.4B | $412.3M |
负债/权益比BLMNWING
| 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 | $57.3M |
| 自由现金流经营现金流 - 资本支出 | $63.7M | $34.5M |
| 自由现金流率自由现金流/营收 | 6.5% | 19.6% |
| 资本支出强度资本支出/营收 | 5.7% | 13.0% |
| 现金转化率经营现金流/净利润 | — | 2.14× |
| 过去12个月自由现金流最近4个季度 | $96.8M | $105.6M |
8季度趋势，按日历期对齐
经营现金流BLMNWING
| Q4 25 | $119.1M | $57.3M | ||
| Q3 25 | $34.4M | $63.9M | ||
| Q2 25 | $49.7M | $6.6M | ||
| Q1 25 | $73.5M | $25.3M | ||
| Q4 24 | $119.8M | $7.7M | ||
| Q3 24 | $-7.8M | $69.0M | ||
| Q2 24 | $42.4M | $36.2M | ||
| Q1 24 | $73.8M | $44.7M |
自由现金流BLMNWING
| Q4 25 | $63.7M | $34.5M | ||
| Q3 25 | $-5.7M | $61.7M | ||
| Q2 25 | $11.1M | $-7.8M | ||
| Q1 25 | $27.7M | $17.3M | ||
| Q4 24 | $66.7M | $-8.6M | ||
| Q3 24 | $-67.3M | $54.9M | ||
| Q2 24 | $-12.1M | $25.9M | ||
| Q1 24 | $20.0M | $33.5M |
自由现金流率BLMNWING
| Q4 25 | 6.5% | 19.6% | ||
| Q3 25 | -0.6% | 35.1% | ||
| Q2 25 | 1.1% | -4.5% | ||
| Q1 25 | 2.6% | 10.1% | ||
| Q4 24 | 6.9% | -5.3% | ||
| Q3 24 | -7.4% | 33.8% | ||
| Q2 24 | -1.2% | 16.6% | ||
| Q1 24 | 1.9% | 23.0% |
资本支出强度BLMNWING
| Q4 25 | 5.7% | 13.0% | ||
| Q3 25 | 4.3% | 1.3% | ||
| Q2 25 | 3.8% | 8.2% | ||
| Q1 25 | 4.4% | 4.7% | ||
| Q4 24 | 5.5% | 10.1% | ||
| Q3 24 | 6.5% | 8.7% | ||
| Q2 24 | 5.5% | 6.6% | ||
| Q1 24 | 5.0% | 7.7% |
现金转化率BLMNWING
| Q4 25 | — | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | 1.95× | 0.25× | ||
| Q1 25 | 1.74× | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | -1.13× | 2.68× | ||
| Q2 24 | 1.49× | 1.32× | ||
| Q1 24 | — | 1.55× |
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% |
WING
| Royalty | $73.7M | 42% |
| Advertising | $61.4M | 35% |
| Franchisor Owned Outlet | $32.4M | 18% |
| Other | $6.4M | 4% |
| Franchise | $1.8M | 1% |
