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CAVA GROUP, INC.（CAVA）与Restaurant Brands International Inc.（QSR）财务数据对比。点击上方公司名可切换其他公司
Restaurant Brands International Inc.的季度营收约是CAVA GROUP, INC.的8.4倍（$2.5B vs $292.2M）。Restaurant Brands International Inc.净利率更高（6.3% vs 5.0%，领先1.2%）。CAVA GROUP, INC.同比增速更快（19.9% vs 7.4%）。Restaurant Brands International Inc.自由现金流更多（$453.0M vs $1.4M）。过去两年CAVA GROUP, INC.的营收复合增速更高（30.0% vs 19.1%）
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。
Restaurant Brands International（简称RBI）是美加合资的跨国快餐控股企业，2014年由汉堡王与加拿大咖啡连锁品牌蒂姆·霍顿斯以125亿美元合并成立，后续先后收购Popeyes、Firehouse Subs两大品牌，现为全球第五大快餐运营商，规模仅次于赛百味、麦当劳、星巴克和百胜餐饮。
CAVA vs QSR — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $292.2M | $2.5B |
| 净利润 | $14.7M | $155.0M |
| 毛利率 | — | — |
| 营业利润率 | 5.9% | 25.2% |
| 净利率 | 5.0% | 6.3% |
| 营收同比 | 19.9% | 7.4% |
| 净利润同比 | -17.9% | -57.1% |
| 每股收益（稀释后） | $0.12 | $0.33 |
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
| Q4 25 | $292.2M | $2.5B | ||
| Q3 25 | $280.6M | $2.4B | ||
| Q2 25 | $331.8M | $2.4B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $243.8M | $2.3B | ||
| Q3 24 | $233.5M | $2.3B | ||
| Q2 24 | $259.0M | $2.1B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $14.7M | $155.0M | ||
| Q3 25 | $18.4M | $436.0M | ||
| Q2 25 | $25.7M | $263.0M | ||
| Q1 25 | — | $221.0M | ||
| Q4 24 | $18.0M | $361.0M | ||
| Q3 24 | $19.7M | $357.0M | ||
| Q2 24 | $14.0M | $399.0M | ||
| Q1 24 | — | $328.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 26.7% | — | ||
| Q2 24 | 25.2% | — | ||
| Q1 24 | — | 65.2% |
| Q4 25 | 5.9% | 25.2% | ||
| Q3 25 | 7.0% | 27.1% | ||
| Q2 25 | 4.7% | 20.0% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | 5.6% | 27.7% | ||
| Q3 24 | 6.9% | 25.2% | ||
| Q2 24 | 3.6% | 31.9% | ||
| Q1 24 | — | 31.3% |
| Q4 25 | 5.0% | 6.3% | ||
| Q3 25 | 6.5% | 17.8% | ||
| Q2 25 | 7.7% | 10.9% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | 7.4% | 15.7% | ||
| Q3 24 | 8.5% | 15.6% | ||
| Q2 24 | 5.4% | 19.2% | ||
| Q1 24 | — | 18.9% |
| Q4 25 | $0.12 | $0.33 | ||
| Q3 25 | $0.16 | $0.96 | ||
| Q2 25 | $0.22 | $0.57 | ||
| Q1 25 | — | $0.49 | ||
| Q4 24 | $0.15 | $0.79 | ||
| Q3 24 | $0.17 | $0.79 | ||
| Q2 24 | $0.12 | $0.88 | ||
| Q1 24 | — | $0.72 |
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 | — |
| 总债务越低越好 | — | $13.3B |
| 股东权益账面价值 | $769.0M | $3.6B |
| 总资产 | $1.3B | $25.6B |
| 负债/权益比越低杠杆越低 | — | 3.65× |
8季度趋势，按日历期对齐
| Q4 25 | $284.6M | — | ||
| Q3 25 | $290.2M | — | ||
| Q2 25 | $289.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $367.2M | — | ||
| Q3 24 | $343.7M | — | ||
| Q2 24 | $329.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $13.3B | ||
| Q3 25 | — | $13.5B | ||
| Q2 25 | — | $13.6B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | — | $13.6B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.7B | ||
| Q1 24 | — | $12.9B |
| Q4 25 | $769.0M | $3.6B | ||
| Q3 25 | $750.7M | $3.4B | ||
| Q2 25 | $726.2M | $3.3B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | $616.4M | $3.1B | ||
| Q3 24 | $595.4M | $3.2B | ||
| Q2 24 | $580.8M | $3.1B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $1.3B | $25.6B | ||
| Q3 25 | $1.3B | $25.7B | ||
| Q2 25 | $1.2B | $25.7B | ||
| Q1 25 | — | $24.9B | ||
| Q4 24 | $1.1B | $24.6B | ||
| Q3 24 | $1.0B | $25.1B | ||
| Q2 24 | $1.0B | $24.8B | ||
| Q1 24 | — | $23.1B |
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 3.99× | ||
| Q2 25 | — | 4.10× | ||
| Q1 25 | — | 4.37× | ||
| Q4 24 | — | 4.39× | ||
| Q3 24 | — | 4.22× | ||
| Q2 24 | — | 4.46× | ||
| Q1 24 | — | 4.35× |
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 | $555.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4M | $453.0M |
| 自由现金流率自由现金流/营收 | 0.5% | 18.4% |
| 资本支出强度资本支出/营收 | 15.1% | 4.1% |
| 现金转化率经营现金流/净利润 | 3.10× | 3.58× |
| 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
| Q4 25 | $45.6M | $555.0M | ||
| Q3 25 | $60.3M | $592.0M | ||
| Q2 25 | $38.6M | $449.0M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | $43.9M | $481.0M | ||
| Q3 24 | $48.9M | $540.0M | ||
| Q2 24 | $38.4M | $334.0M | ||
| Q1 24 | — | $148.0M |
| Q4 25 | $1.4M | $453.0M | ||
| Q3 25 | $19.2M | $531.0M | ||
| Q2 25 | $2.7M | $411.0M | ||
| Q1 25 | — | $54.0M | ||
| Q4 24 | $23.4M | $404.0M | ||
| Q3 24 | $22.7M | $485.0M | ||
| Q2 24 | $4.7M | $291.0M | ||
| Q1 24 | — | $122.0M |
| Q4 25 | 0.5% | 18.4% | ||
| Q3 25 | 6.8% | 21.7% | ||
| Q2 25 | 0.8% | 17.1% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 9.6% | 17.6% | ||
| Q3 24 | 9.7% | 21.2% | ||
| Q2 24 | 1.8% | 14.0% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | 15.1% | 4.1% | ||
| Q3 25 | 14.7% | 2.5% | ||
| Q2 25 | 10.8% | 1.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | 8.4% | 3.4% | ||
| Q3 24 | 11.2% | 2.4% | ||
| Q2 24 | 13.0% | 2.1% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 3.10× | 3.58× | ||
| Q3 25 | 3.28× | 1.36× | ||
| Q2 25 | 1.50× | 1.71× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 2.44× | 1.33× | ||
| Q3 24 | 2.48× | 1.51× | ||
| Q2 24 | 2.74× | 0.84× | ||
| Q1 24 | — | 0.45× |
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% |
QSR
| CA | $1.0B | 41% |
| Other | $330.0M | 13% |
| Advertising | $308.0M | 12% |
| Others | $284.0M | 12% |
| Popeyes Louisiana Kitchen | $195.0M | 8% |
| Burger King | $185.0M | 8% |
| Royalty | $87.0M | 4% |
| Firehouse Subs | $59.0M | 2% |
| Franchisor | $7.0M | 0% |
