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CAVA GROUP, INC.（CAVA）与棒约翰（PZZA）财务数据对比。点击上方公司名可切换其他公司
棒约翰的季度营收约是CAVA GROUP, INC.的1.7倍（$498.2M vs $292.2M）。CAVA GROUP, INC.净利率更高（5.0% vs 1.4%，领先3.6%）。CAVA GROUP, INC.同比增速更快（19.9% vs -6.1%）。棒约翰自由现金流更多（$2.1M vs $1.4M）。过去两年CAVA GROUP, INC.的营收复合增速更高（30.0% vs -1.5%）
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。
棒约翰国际是源自美国的知名披萨餐饮连锁品牌，截至2023年，它是美国市场规模第四大披萨外送连锁餐饮集团，总部设于肯塔基州路易斯维尔与佐治亚州亚特兰大的都会区，在全球多地开设门店，主打披萨外卖业务。
CAVA vs PZZA — 直观对比
营收规模更大
PZZA
是对方的1.7倍
$292.2M
营收增速更快
CAVA
高出26.0%
-6.1%
净利率更高
CAVA
高出3.6%
1.4%
自由现金流更多
PZZA
多$743.0K
$1.4M
两年增速更快
CAVA
近两年复合增速
-1.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $292.2M | $498.2M |
| 净利润 | $14.7M | $7.1M |
| 毛利率 | — | — |
| 营业利润率 | 5.9% | 4.9% |
| 净利率 | 5.0% | 1.4% |
| 营收同比 | 19.9% | -6.1% |
| 净利润同比 | -17.9% | -52.2% |
| 每股收益（稀释后） | $0.12 | $0.22 |
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CAVAPZZA
| Q4 25 | $292.2M | $498.2M | ||
| Q3 25 | $280.6M | $508.2M | ||
| Q2 25 | $331.8M | $529.2M | ||
| Q1 25 | — | $518.3M | ||
| Q4 24 | $243.8M | $530.8M | ||
| Q3 24 | $233.5M | $506.8M | ||
| Q2 24 | $259.0M | $507.9M | ||
| Q1 24 | — | $513.9M |
净利润CAVAPZZA
| Q4 25 | $14.7M | $7.1M | ||
| Q3 25 | $18.4M | $4.7M | ||
| Q2 25 | $25.7M | $9.5M | ||
| Q1 25 | — | $9.2M | ||
| Q4 24 | $18.0M | $14.8M | ||
| Q3 24 | $19.7M | $41.8M | ||
| Q2 24 | $14.0M | $12.2M | ||
| Q1 24 | — | $14.6M |
毛利率CAVAPZZA
| 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CAVAPZZA
| Q4 25 | 5.9% | 4.9% | ||
| Q3 25 | 7.0% | 3.2% | ||
| Q2 25 | 4.7% | 4.6% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | 5.6% | 5.6% | ||
| Q3 24 | 6.9% | 12.9% | ||
| Q2 24 | 3.6% | 5.6% | ||
| Q1 24 | — | 6.6% |
净利率CAVAPZZA
| Q4 25 | 5.0% | 1.4% | ||
| Q3 25 | 6.5% | 0.9% | ||
| Q2 25 | 7.7% | 1.8% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | 7.4% | 2.8% | ||
| Q3 24 | 8.5% | 8.2% | ||
| Q2 24 | 5.4% | 2.4% | ||
| Q1 24 | — | 2.8% |
每股收益（稀释后）CAVAPZZA
| Q4 25 | $0.12 | $0.22 | ||
| Q3 25 | $0.16 | $0.13 | ||
| Q2 25 | $0.22 | $0.28 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | $0.15 | $0.46 | ||
| Q3 24 | $0.17 | $1.27 | ||
| Q2 24 | $0.12 | $0.37 | ||
| Q1 24 | — | $0.44 |
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 | $34.6M |
| 总债务越低越好 | — | $722.3M |
| 股东权益账面价值 | $769.0M | $-444.8M |
| 总资产 | $1.3B | $837.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CAVAPZZA
| Q4 25 | $284.6M | $34.6M | ||
| Q3 25 | $290.2M | $39.0M | ||
| Q2 25 | $289.4M | $33.3M | ||
| Q1 25 | — | $44.0M | ||
| Q4 24 | $367.2M | $38.0M | ||
| Q3 24 | $343.7M | $17.6M | ||
| Q2 24 | $329.1M | $24.3M | ||
| Q1 24 | — | $27.8M |
总债务CAVAPZZA
| Q4 25 | — | $722.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CAVAPZZA
| Q4 25 | $769.0M | $-444.8M | ||
| Q3 25 | $750.7M | $-439.3M | ||
| Q2 25 | $726.2M | $-432.0M | ||
| Q1 25 | — | $-431.9M | ||
| Q4 24 | $616.4M | $-429.5M | ||
| Q3 24 | $595.4M | $-430.9M | ||
| Q2 24 | $580.8M | $-461.7M | ||
| Q1 24 | — | $-461.9M |
总资产CAVAPZZA
| Q4 25 | $1.3B | $837.5M | ||
| Q3 25 | $1.3B | $884.1M | ||
| Q2 25 | $1.2B | $890.4M | ||
| Q1 25 | — | $898.1M | ||
| Q4 24 | $1.1B | $889.0M | ||
| Q3 24 | $1.0B | $860.9M | ||
| Q2 24 | $1.0B | $838.4M | ||
| Q1 24 | — | $847.2M |
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 | $19.8M |
| 自由现金流经营现金流 - 资本支出 | $1.4M | $2.1M |
| 自由现金流率自由现金流/营收 | 0.5% | 0.4% |
| 资本支出强度资本支出/营收 | 15.1% | 3.6% |
| 现金转化率经营现金流/净利润 | 3.10× | 2.80× |
| 过去12个月自由现金流最近4个季度 | $46.6M | $61.3M |
8季度趋势，按日历期对齐
经营现金流CAVAPZZA
| Q4 25 | $45.6M | $19.8M | ||
| Q3 25 | $60.3M | $39.3M | ||
| Q2 25 | $38.6M | $35.5M | ||
| Q1 25 | — | $31.3M | ||
| Q4 24 | $43.9M | $50.7M | ||
| Q3 24 | $48.9M | $13.9M | ||
| Q2 24 | $38.4M | $30.0M | ||
| Q1 24 | — | $12.0M |
自由现金流CAVAPZZA
| Q4 25 | $1.4M | $2.1M | ||
| Q3 25 | $19.2M | $22.7M | ||
| Q2 25 | $2.7M | $17.4M | ||
| Q1 25 | — | $19.1M | ||
| Q4 24 | $23.4M | $25.2M | ||
| Q3 24 | $22.7M | $-3.8M | ||
| Q2 24 | $4.7M | $13.9M | ||
| Q1 24 | — | $-1.1M |
自由现金流率CAVAPZZA
| Q4 25 | 0.5% | 0.4% | ||
| Q3 25 | 6.8% | 4.5% | ||
| Q2 25 | 0.8% | 3.3% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | 9.6% | 4.7% | ||
| Q3 24 | 9.7% | -0.8% | ||
| Q2 24 | 1.8% | 2.7% | ||
| Q1 24 | — | -0.2% |
资本支出强度CAVAPZZA
| Q4 25 | 15.1% | 3.6% | ||
| Q3 25 | 14.7% | 3.3% | ||
| Q2 25 | 10.8% | 3.4% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 8.4% | 4.8% | ||
| Q3 24 | 11.2% | 3.5% | ||
| Q2 24 | 13.0% | 3.2% | ||
| Q1 24 | — | 2.5% |
现金转化率CAVAPZZA
| Q4 25 | 3.10× | 2.80× | ||
| Q3 25 | 3.28× | 8.36× | ||
| Q2 25 | 1.50× | 3.73× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | 2.44× | 3.43× | ||
| Q3 24 | 2.48× | 0.33× | ||
| Q2 24 | 2.74× | 2.45× | ||
| Q1 24 | — | 0.82× |
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% |
PZZA
| Commissary | $236.8M | 48% |
| Company Owned Restaurant Sales | $154.4M | 31% |
| Franchisor | $47.5M | 10% |
| Advertising | $37.2M | 7% |
| Other | $22.2M | 4% |
