vs
Dutch Bros Inc.（BROS）与Concentra Group Holdings Parent, Inc.（CON）财务数据对比。点击上方公司名可切换其他公司
Concentra Group Holdings Parent, Inc.的季度营收约是Dutch Bros Inc.的1.2倍（$569.6M vs $464.4M），Concentra Group Holdings Parent, Inc.净利率更高（9.2% vs 5.1%，领先4.1%），Dutch Bros Inc.同比增速更快（30.8% vs 13.7%）
Dutch Bros Inc.是美国上市得来速咖啡连锁品牌，1992年由戴恩·博尔斯马与特拉维斯·博尔斯马创立，原总部位于俄勒冈州格兰茨帕斯，2025年迁至亚利桑那州坦佩。品牌拥有直营及加盟门店，主力布局美国西部市场，目前扩张范围最东已覆盖佛罗里达州奥兰多。
Concentra是美国的职业医疗服务商，1979年成立于得克萨斯州阿马里洛，总部位于得克萨斯州艾迪生。业务覆盖美国47个州，运营627家职业医疗中心和410个雇主驻地现场诊所，美国每7起职业伤害案例中就有1起由该机构提供诊疗服务。
BROS vs CON — 直观对比
营收规模更大
CON
是对方的1.2倍
$464.4M
营收增速更快
BROS
高出17.0%
13.7%
净利率更高
CON
高出4.1%
5.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $464.4M | $569.6M |
| 净利润 | $23.7M | $52.3M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 7.4% | 16.8% |
| 净利率 | 5.1% | 9.2% |
| 营收同比 | 30.8% | 13.7% |
| 净利润同比 | 5.3% | 28.7% |
| 每股收益（稀释后） | $0.13 | $0.39 |
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BROSCON
| Q1 26 | $464.4M | $569.6M | ||
| Q4 25 | $443.6M | $539.1M | ||
| Q3 25 | $423.6M | $572.8M | ||
| Q2 25 | $415.8M | $550.8M | ||
| Q1 25 | $355.2M | $500.8M | ||
| Q4 24 | $342.8M | — | ||
| Q3 24 | $338.2M | $489.6M | ||
| Q2 24 | $324.9M | $477.9M |
净利润BROSCON
| Q1 26 | $23.7M | $52.3M | ||
| Q4 25 | $21.4M | $34.7M | ||
| Q3 25 | $17.5M | $48.3M | ||
| Q2 25 | $25.6M | $44.6M | ||
| Q1 25 | $15.4M | $38.9M | ||
| Q4 24 | $3.6M | — | ||
| Q3 24 | $12.6M | $44.3M | ||
| Q2 24 | $11.9M | $51.7M |
毛利率BROSCON
| Q1 26 | 23.1% | — | ||
| Q4 25 | 24.1% | — | ||
| Q3 25 | 25.2% | — | ||
| Q2 25 | 28.9% | — | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 26.6% | — | ||
| Q2 24 | 27.8% | — |
营业利润率BROSCON
| Q1 26 | 7.4% | 16.8% | ||
| Q4 25 | 7.7% | 12.9% | ||
| Q3 25 | 9.8% | 16.5% | ||
| Q2 25 | 13.1% | 16.3% | ||
| Q1 25 | 8.7% | 16.0% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 9.6% | 17.6% | ||
| Q2 24 | 9.9% | 17.6% |
净利率BROSCON
| Q1 26 | 5.1% | 9.2% | ||
| Q4 25 | 4.8% | 6.4% | ||
| Q3 25 | 4.1% | 8.4% | ||
| Q2 25 | 6.2% | 8.1% | ||
| Q1 25 | 4.3% | 7.8% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 3.7% | 9.1% | ||
| Q2 24 | 3.7% | 10.8% |
每股收益（稀释后）BROSCON
| Q1 26 | $0.13 | $0.39 | ||
| Q4 25 | $0.17 | $0.27 | ||
| Q3 25 | $0.14 | $0.38 | ||
| Q2 25 | $0.20 | $0.35 | ||
| Q1 25 | $0.13 | $0.30 | ||
| Q4 24 | $0.03 | — | ||
| Q3 24 | $0.11 | $0.37 | ||
| Q2 24 | $0.12 | $0.50 |
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 | $263.5M | — |
| 总债务越低越好 | $199.3M | $1.6B |
| 股东权益账面价值 | $920.5M | $424.7M |
| 总资产 | $3.1B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.22× | 3.68× |
8季度趋势，按日历期对齐
现金及短期投资BROSCON
| Q1 26 | $263.5M | — | ||
| Q4 25 | $269.4M | $79.9M | ||
| Q3 25 | $267.2M | $49.9M | ||
| Q2 25 | $254.4M | $73.9M | ||
| Q1 25 | $316.4M | $52.1M | ||
| Q4 24 | $293.4M | — | ||
| Q3 24 | $281.1M | $136.8M | ||
| Q2 24 | $260.9M | $50.7M |
总债务BROSCON
| Q1 26 | $199.3M | $1.6B | ||
| Q4 25 | $202.5M | $1.6B | ||
| Q3 25 | $202.3M | $1.6B | ||
| Q2 25 | $203.3M | $1.7B | ||
| Q1 25 | $284.2M | $1.6B | ||
| Q4 24 | $238.0M | — | ||
| Q3 24 | $241.2M | $1.5B | ||
| Q2 24 | $244.3M | $3.0M |
股东权益BROSCON
| Q1 26 | $920.5M | $424.7M | ||
| Q4 25 | $680.8M | $393.3M | ||
| Q3 25 | $656.6M | $385.5M | ||
| Q2 25 | $636.2M | $342.6M | ||
| Q1 25 | $599.1M | $307.1M | ||
| Q4 24 | $537.4M | — | ||
| Q3 24 | $523.1M | $277.8M | ||
| Q2 24 | $509.1M | $1.2B |
总资产BROSCON
| Q1 26 | $3.1B | $2.9B | ||
| Q4 25 | $3.0B | $2.9B | ||
| Q3 25 | $2.9B | $2.8B | ||
| Q2 25 | $2.8B | $2.8B | ||
| Q1 25 | $2.8B | $2.7B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | $2.5B | ||
| Q2 24 | $2.4B | $2.4B |
负债/权益比BROSCON
| Q1 26 | 0.22× | 3.68× | ||
| Q4 25 | 0.30× | 3.98× | ||
| Q3 25 | 0.31× | 4.15× | ||
| Q2 25 | 0.32× | 4.82× | ||
| Q1 25 | 0.47× | 5.27× | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.46× | 5.30× | ||
| Q2 24 | 0.48× | 0.00× |
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 | $84.7M | $21.0M |
| 自由现金流经营现金流 - 资本支出 | — | $9.9M |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.58× | 0.40× |
| 过去12个月自由现金流最近4个季度 | — | $211.0M |
8季度趋势，按日历期对齐
经营现金流BROSCON
| Q1 26 | $84.7M | $21.0M | ||
| Q4 25 | $79.6M | $118.7M | ||
| Q3 25 | $89.1M | $60.6M | ||
| Q2 25 | $89.9M | $88.4M | ||
| Q1 25 | $36.9M | $11.7M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $83.5M | $65.9M | ||
| Q2 24 | $59.5M | — |
自由现金流BROSCON
| Q1 26 | — | $9.9M | ||
| Q4 25 | $8.5M | $98.5M | ||
| Q3 25 | $18.9M | $39.4M | ||
| Q2 25 | $35.7M | $63.2M | ||
| Q1 25 | $-8.7M | $-4.0M | ||
| Q4 24 | $19.5M | — | ||
| Q3 24 | $26.4M | $50.8M | ||
| Q2 24 | $-4.9M | — |
自由现金流率BROSCON
| Q1 26 | — | 1.7% | ||
| Q4 25 | 1.9% | 18.3% | ||
| Q3 25 | 4.5% | 6.9% | ||
| Q2 25 | 8.6% | 11.5% | ||
| Q1 25 | -2.4% | -0.8% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 7.8% | 10.4% | ||
| Q2 24 | -1.5% | — |
资本支出强度BROSCON
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 3.7% | ||
| Q3 25 | 16.6% | 3.7% | ||
| Q2 25 | 13.0% | 4.6% | ||
| Q1 25 | 12.8% | 3.1% | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 16.9% | 3.1% | ||
| Q2 24 | 19.8% | — |
现金转化率BROSCON
| Q1 26 | 3.58× | 0.40× | ||
| Q4 25 | 3.73× | 3.42× | ||
| Q3 25 | 5.09× | 1.26× | ||
| Q2 25 | 3.51× | 1.98× | ||
| Q1 25 | 2.40× | 0.30× | ||
| Q4 24 | 17.23× | — | ||
| Q3 24 | 6.60× | 1.49× | ||
| Q2 24 | 4.99× | — |
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
BROS
| Company-operated shops | $429.1M | 92% |
| Franchising and other | $35.4M | 8% |
CON
| Workers' compensation | $337.7M | 59% |
| Employer services | $172.4M | 30% |
| Onsite health clinics | $37.2M | 7% |
| Other | $14.5M | 3% |
| Consumer health | $7.8M | 1% |
