vs
Dutch Bros Inc.（BROS）与California Resources Corp（CRC）财务数据对比。点击上方公司名可切换其他公司
California Resources Corp的季度营收约是Dutch Bros Inc.的1.5倍（$679.0M vs $443.6M），Dutch Bros Inc.净利率更高（4.8% vs 1.8%，领先3.0%），Dutch Bros Inc.同比增速更快（29.4% vs -17.8%），California Resources Corp自由现金流更多（$115.0M vs $8.5M），过去两年Dutch Bros Inc.的营收复合增速更高（27.0% vs 25.8%）
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。
加州资源集团是一家美国能源企业，主要在加州开展油气勘探业务。公司注册地为特拉华州，总部位于加州长滩，所持有的加州矿产地块面积是该州私有主体中的最高水平。
BROS vs CRC — 直观对比
营收规模更大
CRC
是对方的1.5倍
$443.6M
营收增速更快
BROS
高出47.2%
-17.8%
净利率更高
BROS
高出3.0%
1.8%
自由现金流更多
CRC
多$106.5M
$8.5M
两年增速更快
BROS
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $443.6M | $679.0M |
| 净利润 | $21.4M | $12.0M |
| 毛利率 | 24.1% | — |
| 营业利润率 | 7.7% | 6.9% |
| 净利率 | 4.8% | 1.8% |
| 营收同比 | 29.4% | -17.8% |
| 净利润同比 | 491.6% | -63.6% |
| 每股收益（稀释后） | $0.17 | $0.21 |
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BROSCRC
| Q4 25 | $443.6M | $679.0M | ||
| Q3 25 | $423.6M | $715.0M | ||
| Q2 25 | $415.8M | $702.0M | ||
| Q1 25 | $355.2M | $814.0M | ||
| Q4 24 | $342.8M | $826.0M | ||
| Q3 24 | $338.2M | $870.0M | ||
| Q2 24 | $324.9M | $412.0M | ||
| Q1 24 | $275.1M | $429.0M |
净利润BROSCRC
| Q4 25 | $21.4M | $12.0M | ||
| Q3 25 | $17.5M | $64.0M | ||
| Q2 25 | $25.6M | $172.0M | ||
| Q1 25 | $15.4M | $115.0M | ||
| Q4 24 | $3.6M | $33.0M | ||
| Q3 24 | $12.6M | $345.0M | ||
| Q2 24 | $11.9M | $8.0M | ||
| Q1 24 | $7.1M | $-10.0M |
毛利率BROSCRC
| 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% | — | ||
| Q1 24 | 26.1% | — |
营业利润率BROSCRC
| Q4 25 | 7.7% | 6.9% | ||
| Q3 25 | 9.8% | 13.7% | ||
| Q2 25 | 13.1% | 38.0% | ||
| Q1 25 | 8.7% | 22.9% | ||
| Q4 24 | 4.6% | 8.2% | ||
| Q3 24 | 9.6% | 59.5% | ||
| Q2 24 | 9.9% | 9.2% | ||
| Q1 24 | 9.3% | -0.9% |
净利率BROSCRC
| Q4 25 | 4.8% | 1.8% | ||
| Q3 25 | 4.1% | 9.0% | ||
| Q2 25 | 6.2% | 24.5% | ||
| Q1 25 | 4.3% | 14.1% | ||
| Q4 24 | 1.1% | 4.0% | ||
| Q3 24 | 3.7% | 39.7% | ||
| Q2 24 | 3.7% | 1.9% | ||
| Q1 24 | 2.6% | -2.3% |
每股收益（稀释后）BROSCRC
| Q4 25 | $0.17 | $0.21 | ||
| Q3 25 | $0.14 | $0.76 | ||
| Q2 25 | $0.20 | $1.92 | ||
| Q1 25 | $0.13 | $1.26 | ||
| Q4 24 | $0.03 | $0.87 | ||
| Q3 24 | $0.11 | $3.78 | ||
| Q2 24 | $0.12 | $0.11 | ||
| Q1 24 | $0.08 | $-0.14 |
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 | $269.4M | $132.0M |
| 总债务越低越好 | $202.5M | — |
| 股东权益账面价值 | $680.8M | $3.7B |
| 总资产 | $3.0B | $7.4B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BROSCRC
| Q4 25 | $269.4M | $132.0M | ||
| Q3 25 | $267.2M | $196.0M | ||
| Q2 25 | $254.4M | $72.0M | ||
| Q1 25 | $316.4M | $214.0M | ||
| Q4 24 | $293.4M | $372.0M | ||
| Q3 24 | $281.1M | $241.0M | ||
| Q2 24 | $260.9M | $1.0B | ||
| Q1 24 | $262.7M | $403.0M |
总债务BROSCRC
| Q4 25 | $202.5M | — | ||
| Q3 25 | $202.3M | $1.0B | ||
| Q2 25 | $203.3M | $1.0B | ||
| Q1 25 | $284.2M | $1.0B | ||
| Q4 24 | $238.0M | $1.1B | ||
| Q3 24 | $241.2M | $1.1B | ||
| Q2 24 | $244.3M | $1.2B | ||
| Q1 24 | $247.5M | $541.0M |
股东权益BROSCRC
| Q4 25 | $680.8M | $3.7B | ||
| Q3 25 | $656.6M | $3.4B | ||
| Q2 25 | $636.2M | $3.4B | ||
| Q1 25 | $599.1M | $3.5B | ||
| Q4 24 | $537.4M | $3.5B | ||
| Q3 24 | $523.1M | $3.5B | ||
| Q2 24 | $509.1M | $2.1B | ||
| Q1 24 | $417.1M | $2.1B |
总资产BROSCRC
| Q4 25 | $3.0B | $7.4B | ||
| Q3 25 | $2.9B | $6.8B | ||
| Q2 25 | $2.8B | $6.7B | ||
| Q1 25 | $2.8B | $6.8B | ||
| Q4 24 | $2.5B | $7.1B | ||
| Q3 24 | $2.4B | $7.1B | ||
| Q2 24 | $2.4B | $4.5B | ||
| Q1 24 | $2.1B | $3.9B |
负债/权益比BROSCRC
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.31× | 0.29× | ||
| Q2 25 | 0.32× | 0.30× | ||
| Q1 25 | 0.47× | 0.29× | ||
| Q4 24 | 0.44× | 0.32× | ||
| Q3 24 | 0.46× | 0.32× | ||
| Q2 24 | 0.48× | 0.57× | ||
| Q1 24 | 0.59× | 0.26× |
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 | $79.6M | $235.0M |
| 自由现金流经营现金流 - 资本支出 | $8.5M | $115.0M |
| 自由现金流率自由现金流/营收 | 1.9% | 16.9% |
| 资本支出强度资本支出/营收 | 16.0% | 17.7% |
| 现金转化率经营现金流/净利润 | 3.73× | 19.58× |
| 过去12个月自由现金流最近4个季度 | $54.4M | $543.0M |
8季度趋势，按日历期对齐
经营现金流BROSCRC
| Q4 25 | $79.6M | $235.0M | ||
| Q3 25 | $89.1M | $279.0M | ||
| Q2 25 | $89.9M | $165.0M | ||
| Q1 25 | $36.9M | $186.0M | ||
| Q4 24 | $62.2M | $206.0M | ||
| Q3 24 | $83.5M | $220.0M | ||
| Q2 24 | $59.5M | $97.0M | ||
| Q1 24 | $41.2M | $87.0M |
自由现金流BROSCRC
| Q4 25 | $8.5M | $115.0M | ||
| Q3 25 | $18.9M | $188.0M | ||
| Q2 25 | $35.7M | $109.0M | ||
| Q1 25 | $-8.7M | $131.0M | ||
| Q4 24 | $19.5M | $118.0M | ||
| Q3 24 | $26.4M | $141.0M | ||
| Q2 24 | $-4.9M | $63.0M | ||
| Q1 24 | $-16.3M | $33.0M |
自由现金流率BROSCRC
| Q4 25 | 1.9% | 16.9% | ||
| Q3 25 | 4.5% | 26.3% | ||
| Q2 25 | 8.6% | 15.5% | ||
| Q1 25 | -2.4% | 16.1% | ||
| Q4 24 | 5.7% | 14.3% | ||
| Q3 24 | 7.8% | 16.2% | ||
| Q2 24 | -1.5% | 15.3% | ||
| Q1 24 | -5.9% | 7.7% |
资本支出强度BROSCRC
| Q4 25 | 16.0% | 17.7% | ||
| Q3 25 | 16.6% | 12.7% | ||
| Q2 25 | 13.0% | 8.0% | ||
| Q1 25 | 12.8% | 6.8% | ||
| Q4 24 | 12.5% | 10.7% | ||
| Q3 24 | 16.9% | 9.1% | ||
| Q2 24 | 19.8% | 8.3% | ||
| Q1 24 | 20.9% | 12.6% |
现金转化率BROSCRC
| Q4 25 | 3.73× | 19.58× | ||
| Q3 25 | 5.09× | 4.36× | ||
| Q2 25 | 3.51× | 0.96× | ||
| Q1 25 | 2.40× | 1.62× | ||
| Q4 24 | 17.23× | 6.24× | ||
| Q3 24 | 6.60× | 0.64× | ||
| Q2 24 | 4.99× | 12.13× | ||
| Q1 24 | 5.83× | — |
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 | $409.6M | 92% |
| Franchise Fees | $32.3M | 7% |
| Other | $1.8M | 0% |
CRC
| Oil And Natural Gas Segment | $645.0M | 95% |
| Natural Gas Production | $26.0M | 4% |
| Other | $7.0M | 1% |
