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CAVA GROUP, INC.（CAVA）与Chipotle Mexican Grill（CMG）财务数据对比。点击上方公司名可切换其他公司
Chipotle Mexican Grill的季度营收约是CAVA GROUP, INC.的10.2倍（$3.0B vs $292.2M）。Chipotle Mexican Grill净利率更高（11.1% vs 5.0%，领先6.0%）。CAVA GROUP, INC.同比增速更快（19.9% vs 4.9%）。Chipotle Mexican Grill自由现金流更多（$228.4M vs $1.4M）。过去两年CAVA GROUP, INC.的营收复合增速更高（30.0% vs 5.1%）
Cava是美国知名地中海风味休闲快餐连锁品牌，隶属于上市企业Cava集团。2018年8月集团收购Zoës Kitchen后，成为美国餐饮行业地中海品类规模最大的运营商。除餐厅业务外，集团还生产地中海风味蘸酱、抹酱、沙拉酱等产品，在全美各大商超渠道发售。
Chipotle Mexican Grill（常简称为Chipotle）是源自美国的跨国休闲快餐连锁品牌，主营现点现做的碗餐、塔可、墨西哥卷饼等风味餐食，餐品制作过程全程向顾客公开。截至2025年12月，品牌全球门店数量已达4000家，品牌名来源于纳瓦特尔语中烟熏干哈拉佩尼奥辣椒的称谓。
CAVA vs CMG — 直观对比
营收规模更大
CMG
是对方的10.2倍
$292.2M
营收增速更快
CAVA
高出15.0%
4.9%
净利率更高
CMG
高出6.0%
5.0%
自由现金流更多
CMG
多$227.0M
$1.4M
两年增速更快
CAVA
近两年复合增速
5.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $292.2M | $3.0B |
| 净利润 | $14.7M | $330.9M |
| 毛利率 | — | — |
| 营业利润率 | 5.9% | 14.1% |
| 净利率 | 5.0% | 11.1% |
| 营收同比 | 19.9% | 4.9% |
| 净利润同比 | -17.9% | -0.3% |
| 每股收益（稀释后） | $0.12 | $0.25 |
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CAVACMG
| Q4 25 | $292.2M | $3.0B | ||
| Q3 25 | $280.6M | $3.0B | ||
| Q2 25 | $331.8M | $3.1B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $243.8M | $2.8B | ||
| Q3 24 | $233.5M | $2.8B | ||
| Q2 24 | $259.0M | $3.0B | ||
| Q1 24 | — | $2.7B |
净利润CAVACMG
| Q4 25 | $14.7M | $330.9M | ||
| Q3 25 | $18.4M | $382.1M | ||
| Q2 25 | $25.7M | $436.1M | ||
| Q1 25 | — | $386.6M | ||
| Q4 24 | $18.0M | $331.8M | ||
| Q3 24 | $19.7M | $387.4M | ||
| Q2 24 | $14.0M | $455.7M | ||
| Q1 24 | — | $359.3M |
毛利率CAVACMG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 26.7% | — | ||
| Q2 24 | 25.2% | — | ||
| Q1 24 | — | — |
营业利润率CAVACMG
| Q4 25 | 5.9% | 14.1% | ||
| Q3 25 | 7.0% | 15.9% | ||
| Q2 25 | 4.7% | 18.2% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | 5.6% | 14.6% | ||
| Q3 24 | 6.9% | 16.9% | ||
| Q2 24 | 3.6% | 19.7% | ||
| Q1 24 | — | 16.3% |
净利率CAVACMG
| Q4 25 | 5.0% | 11.1% | ||
| Q3 25 | 6.5% | 12.7% | ||
| Q2 25 | 7.7% | 14.2% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | 7.4% | 11.7% | ||
| Q3 24 | 8.5% | 13.9% | ||
| Q2 24 | 5.4% | 15.3% | ||
| Q1 24 | — | 13.3% |
每股收益（稀释后）CAVACMG
| Q4 25 | $0.12 | $0.25 | ||
| Q3 25 | $0.16 | $0.29 | ||
| Q2 25 | $0.22 | $0.32 | ||
| Q1 25 | — | $0.28 | ||
| Q4 24 | $0.15 | $-12.51 | ||
| Q3 24 | $0.17 | $0.28 | ||
| Q2 24 | $0.12 | $0.33 | ||
| Q1 24 | — | $13.01 |
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 | $284.6M | $1.0B |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $769.0M | $2.8B |
| 总资产 | $1.3B | $9.0B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CAVACMG
| Q4 25 | $284.6M | $1.0B | ||
| Q3 25 | $290.2M | $1.4B | ||
| Q2 25 | $289.4M | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $367.2M | $1.4B | ||
| Q3 24 | $343.7M | $1.4B | ||
| Q2 24 | $329.1M | $1.5B | ||
| Q1 24 | — | $1.4B |
总债务CAVACMG
| Q4 25 | — | $0 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CAVACMG
| Q4 25 | $769.0M | $2.8B | ||
| Q3 25 | $750.7M | $3.2B | ||
| Q2 25 | $726.2M | $3.5B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | $616.4M | $3.7B | ||
| Q3 24 | $595.4M | $3.6B | ||
| Q2 24 | $580.8M | $3.7B | ||
| Q1 24 | — | $3.4B |
总资产CAVACMG
| Q4 25 | $1.3B | $9.0B | ||
| Q3 25 | $1.3B | $9.3B | ||
| Q2 25 | $1.2B | $9.3B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | $1.1B | $9.2B | ||
| Q3 24 | $1.0B | $9.0B | ||
| Q2 24 | $1.0B | $8.9B | ||
| Q1 24 | — | $8.4B |
负债/权益比CAVACMG
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $45.6M | $425.8M |
| 自由现金流经营现金流 - 资本支出 | $1.4M | $228.4M |
| 自由现金流率自由现金流/营收 | 0.5% | 7.7% |
| 资本支出强度资本支出/营收 | 15.1% | 6.6% |
| 现金转化率经营现金流/净利润 | 3.10× | 1.29× |
| 过去12个月自由现金流最近4个季度 | $46.6M | $1.4B |
8季度趋势，按日历期对齐
经营现金流CAVACMG
| Q4 25 | $45.6M | $425.8M | ||
| Q3 25 | $60.3M | $569.7M | ||
| Q2 25 | $38.6M | $561.3M | ||
| Q1 25 | — | $557.1M | ||
| Q4 24 | $43.9M | $526.8M | ||
| Q3 24 | $48.9M | $446.5M | ||
| Q2 24 | $38.4M | $562.6M | ||
| Q1 24 | — | $569.2M |
自由现金流CAVACMG
| Q4 25 | $1.4M | $228.4M | ||
| Q3 25 | $19.2M | $406.2M | ||
| Q2 25 | $2.7M | $400.7M | ||
| Q1 25 | — | $412.3M | ||
| Q4 24 | $23.4M | $353.9M | ||
| Q3 24 | $22.7M | $299.0M | ||
| Q2 24 | $4.7M | $422.1M | ||
| Q1 24 | — | $436.5M |
自由现金流率CAVACMG
| Q4 25 | 0.5% | 7.7% | ||
| Q3 25 | 6.8% | 13.5% | ||
| Q2 25 | 0.8% | 13.1% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | 9.6% | 12.4% | ||
| Q3 24 | 9.7% | 10.7% | ||
| Q2 24 | 1.8% | 14.2% | ||
| Q1 24 | — | 16.2% |
资本支出强度CAVACMG
| Q4 25 | 15.1% | 6.6% | ||
| Q3 25 | 14.7% | 5.4% | ||
| Q2 25 | 10.8% | 5.2% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | 8.4% | 6.1% | ||
| Q3 24 | 11.2% | 5.3% | ||
| Q2 24 | 13.0% | 4.7% | ||
| Q1 24 | — | 4.9% |
现金转化率CAVACMG
| Q4 25 | 3.10× | 1.29× | ||
| Q3 25 | 3.28× | 1.49× | ||
| Q2 25 | 1.50× | 1.29× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 2.44× | 1.59× | ||
| Q3 24 | 2.48× | 1.15× | ||
| Q2 24 | 2.74× | 1.23× | ||
| Q1 24 | — | 1.58× |
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
CAVA
| Restaurant Revenue | $289.8M | 99% |
| Rewards | $2.9M | 1% |
| CPG Revenue And Other | $2.5M | 1% |
CMG
| U.S.Segment | $2.9B | 98% |
| Chipotle Rewards | $46.1M | 2% |
| Delivery Service | $14.3M | 0% |
