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Dutch Bros Inc.（BROS）与Gaming & Leisure Properties, Inc.（GLPI）财务数据对比。点击上方公司名可切换其他公司
Dutch Bros Inc.的季度营收约是Gaming & Leisure Properties, Inc.的1.1倍（$464.4M vs $420.0M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 5.1%，领先51.9%），Dutch Bros Inc.同比增速更快（30.8% vs 6.3%），过去两年Dutch Bros Inc.的营收复合增速更高（19.6% vs 5.0%）
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。
博彩与休闲地产公司（GLPI）是一家专注于赌场物业的房地产投资信托（REIT），总部位于宾夕法尼亚州怀奥米辛。公司于2013年11月从宾州国民娱乐分拆成立，目前持有62处赌场物业，全部对外出租给其他企业运营。
BROS vs GLPI — 直观对比
营收规模更大
BROS
是对方的1.1倍
$420.0M
营收增速更快
BROS
高出24.5%
6.3%
净利率更高
GLPI
高出51.9%
5.1%
两年增速更快
BROS
近两年复合增速
5.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $464.4M | $420.0M |
| 净利润 | $23.7M | $239.4M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 7.4% | 79.4% |
| 净利率 | 5.1% | 57.0% |
| 营收同比 | 30.8% | 6.3% |
| 净利润同比 | 5.3% | 40.5% |
| 每股收益（稀释后） | $0.13 | — |
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BROSGLPI
| Q1 26 | $464.4M | $420.0M | ||
| Q4 25 | $443.6M | $407.0M | ||
| Q3 25 | $423.6M | $397.6M | ||
| Q2 25 | $415.8M | $394.9M | ||
| Q1 25 | $355.2M | $395.2M | ||
| Q4 24 | $342.8M | $389.6M | ||
| Q3 24 | $338.2M | $385.3M | ||
| Q2 24 | $324.9M | $380.6M |
净利润BROSGLPI
| Q1 26 | $23.7M | $239.4M | ||
| Q4 25 | $21.4M | $275.4M | ||
| Q3 25 | $17.5M | $241.2M | ||
| Q2 25 | $25.6M | $151.4M | ||
| Q1 25 | $15.4M | $165.2M | ||
| Q4 24 | $3.6M | $223.6M | ||
| Q3 24 | $12.6M | $184.7M | ||
| Q2 24 | $11.9M | $208.3M |
毛利率BROSGLPI
| 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BROSGLPI
| Q1 26 | 7.4% | 79.4% | ||
| Q4 25 | 7.7% | 89.3% | ||
| Q3 25 | 9.8% | 84.8% | ||
| Q2 25 | 13.1% | 61.3% | ||
| Q1 25 | 8.7% | 65.5% | ||
| Q4 24 | 4.6% | 79.1% | ||
| Q3 24 | 9.6% | 70.4% | ||
| Q2 24 | 9.9% | 77.1% |
净利率BROSGLPI
| Q1 26 | 5.1% | 57.0% | ||
| Q4 25 | 4.8% | 67.6% | ||
| Q3 25 | 4.1% | 60.7% | ||
| Q2 25 | 6.2% | 38.4% | ||
| Q1 25 | 4.3% | 41.8% | ||
| Q4 24 | 1.1% | 57.4% | ||
| Q3 24 | 3.7% | 47.9% | ||
| Q2 24 | 3.7% | 54.7% |
每股收益（稀释后）BROSGLPI
| Q1 26 | $0.13 | — | ||
| Q4 25 | $0.17 | $0.96 | ||
| Q3 25 | $0.14 | $0.85 | ||
| Q2 25 | $0.20 | $0.54 | ||
| Q1 25 | $0.13 | $0.60 | ||
| Q4 24 | $0.03 | $0.79 | ||
| Q3 24 | $0.11 | $0.67 | ||
| Q2 24 | $0.12 | $0.77 |
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 | $274.5M |
| 总债务越低越好 | $199.3M | — |
| 股东权益账面价值 | $920.5M | $5.0B |
| 总资产 | $3.1B | $13.8B |
| 负债/权益比越低杠杆越低 | 0.22× | — |
8季度趋势，按日历期对齐
现金及短期投资BROSGLPI
| Q1 26 | $263.5M | $274.5M | ||
| Q4 25 | $269.4M | — | ||
| Q3 25 | $267.2M | — | ||
| Q2 25 | $254.4M | — | ||
| Q1 25 | $316.4M | — | ||
| Q4 24 | $293.4M | $560.8M | ||
| Q3 24 | $281.1M | $560.8M | ||
| Q2 24 | $260.9M | $560.8M |
总债务BROSGLPI
| Q1 26 | $199.3M | — | ||
| Q4 25 | $202.5M | $7.2B | ||
| Q3 25 | $202.3M | $7.2B | ||
| Q2 25 | $203.3M | $6.9B | ||
| Q1 25 | $284.2M | $6.9B | ||
| Q4 24 | $238.0M | $7.7B | ||
| Q3 24 | $241.2M | $7.4B | ||
| Q2 24 | $244.3M | $6.6B |
股东权益BROSGLPI
| Q1 26 | $920.5M | $5.0B | ||
| Q4 25 | $680.8M | $4.6B | ||
| Q3 25 | $656.6M | $4.6B | ||
| Q2 25 | $636.2M | $4.6B | ||
| Q1 25 | $599.1M | $4.2B | ||
| Q4 24 | $537.4M | $4.3B | ||
| Q3 24 | $523.1M | $4.3B | ||
| Q2 24 | $509.1M | $4.1B |
总资产BROSGLPI
| Q1 26 | $3.1B | $13.8B | ||
| Q4 25 | $3.0B | $12.9B | ||
| Q3 25 | $2.9B | $12.8B | ||
| Q2 25 | $2.8B | $12.5B | ||
| Q1 25 | $2.8B | $12.1B | ||
| Q4 24 | $2.5B | $13.1B | ||
| Q3 24 | $2.4B | $12.7B | ||
| Q2 24 | $2.4B | $11.8B |
负债/权益比BROSGLPI
| Q1 26 | 0.22× | — | ||
| Q4 25 | 0.30× | 1.56× | ||
| Q3 25 | 0.31× | 1.57× | ||
| Q2 25 | 0.32× | 1.51× | ||
| Q1 25 | 0.47× | 1.63× | ||
| Q4 24 | 0.44× | 1.81× | ||
| Q3 24 | 0.46× | 1.74× | ||
| Q2 24 | 0.48× | 1.60× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BROSGLPI
| Q1 26 | $84.7M | — | ||
| Q4 25 | $79.6M | $1.1B | ||
| Q3 25 | $89.1M | $240.3M | ||
| Q2 25 | $89.9M | $293.4M | ||
| Q1 25 | $36.9M | $252.5M | ||
| Q4 24 | $62.2M | $1.1B | ||
| Q3 24 | $83.5M | $270.4M | ||
| Q2 24 | $59.5M | $252.1M |
自由现金流BROSGLPI
| Q1 26 | — | — | ||
| Q4 25 | $8.5M | — | ||
| Q3 25 | $18.9M | $183.0M | ||
| Q2 25 | $35.7M | $272.3M | ||
| Q1 25 | $-8.7M | $239.6M | ||
| Q4 24 | $19.5M | $1.1B | ||
| Q3 24 | $26.4M | $261.5M | ||
| Q2 24 | $-4.9M | $245.0M |
自由现金流率BROSGLPI
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 4.5% | 46.0% | ||
| Q2 25 | 8.6% | 69.0% | ||
| Q1 25 | -2.4% | 60.6% | ||
| Q4 24 | 5.7% | 275.3% | ||
| Q3 24 | 7.8% | 67.9% | ||
| Q2 24 | -1.5% | 64.4% |
资本支出强度BROSGLPI
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | — | ||
| Q3 25 | 16.6% | 14.4% | ||
| Q2 25 | 13.0% | 5.3% | ||
| Q1 25 | 12.8% | 3.3% | ||
| Q4 24 | 12.5% | 0.0% | ||
| Q3 24 | 16.9% | 2.3% | ||
| Q2 24 | 19.8% | 1.9% |
现金转化率BROSGLPI
| Q1 26 | 3.58× | — | ||
| Q4 25 | 3.73× | 4.10× | ||
| Q3 25 | 5.09× | 1.00× | ||
| Q2 25 | 3.51× | 1.94× | ||
| Q1 25 | 2.40× | 1.53× | ||
| Q4 24 | 17.23× | 4.80× | ||
| Q3 24 | 6.60× | 1.46× | ||
| Q2 24 | 4.99× | 1.21× |
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% |
GLPI
暂无分部数据
