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CAVA GROUP, INC.（CAVA）与百胜中国（YUMC）财务数据对比。点击上方公司名可切换其他公司
百胜中国的季度营收约是CAVA GROUP, INC.的9.7倍（$2.8B vs $292.2M）。CAVA GROUP, INC.净利率更高（5.0% vs 5.0%，领先0.1%）。CAVA GROUP, INC.同比增速更快（19.9% vs 8.8%）。CAVA GROUP, INC.自由现金流更多（$1.4M vs $-116.0M）。过去两年CAVA GROUP, INC.的营收复合增速更高（30.0% vs -2.3%）
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。
百胜中国是总部位于上海的世界500强快餐企业，2016年从百胜餐饮集团分拆独立上市，获百胜餐饮集团商标授权，按全系统销售额的3%支付授权费。目前在国内1100多座城市运营超8400家餐厅，全球门店总数超10600家，年营收达95亿美元，是全球规模最大的餐饮企业之一。
CAVA vs YUMC — 直观对比
营收规模更大
YUMC
是对方的9.7倍
$292.2M
营收增速更快
CAVA
高出11.1%
8.8%
净利率更高
CAVA
高出0.1%
5.0%
自由现金流更多
CAVA
多$117.4M
$-116.0M
两年增速更快
CAVA
近两年复合增速
-2.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $292.2M | $2.8B |
| 净利润 | $14.7M | $140.0M |
| 毛利率 | — | — |
| 营业利润率 | 5.9% | 6.6% |
| 净利率 | 5.0% | 5.0% |
| 营收同比 | 19.9% | 8.8% |
| 净利润同比 | -17.9% | 21.7% |
| 每股收益（稀释后） | $0.12 | $0.40 |
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CAVAYUMC
| Q4 25 | $292.2M | $2.8B | ||
| Q3 25 | $280.6M | $3.2B | ||
| Q2 25 | $331.8M | $2.8B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $243.8M | $2.6B | ||
| Q3 24 | $233.5M | $3.1B | ||
| Q2 24 | $259.0M | $2.7B | ||
| Q1 24 | — | $3.0B |
净利润CAVAYUMC
| Q4 25 | $14.7M | $140.0M | ||
| Q3 25 | $18.4M | $282.0M | ||
| Q2 25 | $25.7M | $215.0M | ||
| Q1 25 | — | $292.0M | ||
| Q4 24 | $18.0M | $115.0M | ||
| Q3 24 | $19.7M | $297.0M | ||
| Q2 24 | $14.0M | $212.0M | ||
| Q1 24 | — | $287.0M |
毛利率CAVAYUMC
| 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CAVAYUMC
| Q4 25 | 5.9% | 6.6% | ||
| Q3 25 | 7.0% | 12.5% | ||
| Q2 25 | 4.7% | 10.9% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | 5.6% | 5.8% | ||
| Q3 24 | 6.9% | 12.1% | ||
| Q2 24 | 3.6% | 9.9% | ||
| Q1 24 | — | 12.6% |
净利率CAVAYUMC
| Q4 25 | 5.0% | 5.0% | ||
| Q3 25 | 6.5% | 8.8% | ||
| Q2 25 | 7.7% | 7.7% | ||
| Q1 25 | — | 9.8% | ||
| Q4 24 | 7.4% | 4.4% | ||
| Q3 24 | 8.5% | 9.7% | ||
| Q2 24 | 5.4% | 7.9% | ||
| Q1 24 | — | 9.7% |
每股收益（稀释后）CAVAYUMC
| Q4 25 | $0.12 | $0.40 | ||
| Q3 25 | $0.16 | $0.76 | ||
| Q2 25 | $0.22 | $0.58 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | $0.15 | $0.30 | ||
| Q3 24 | $0.17 | $0.77 | ||
| Q2 24 | $0.12 | $0.55 | ||
| Q1 24 | — | $0.71 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $769.0M | $5.4B |
| 总资产 | $1.3B | $10.8B |
| 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CAVAYUMC
| Q4 25 | $284.6M | $1.4B | ||
| Q3 25 | $290.2M | $2.1B | ||
| Q2 25 | $289.4M | $2.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $367.2M | $1.8B | ||
| Q3 24 | $343.7M | $2.5B | ||
| Q2 24 | $329.1M | $2.5B | ||
| Q1 24 | — | $2.4B |
股东权益CAVAYUMC
| Q4 25 | $769.0M | $5.4B | ||
| Q3 25 | $750.7M | $5.7B | ||
| Q2 25 | $726.2M | $5.8B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | $616.4M | $5.7B | ||
| Q3 24 | $595.4M | $6.0B | ||
| Q2 24 | $580.8M | $5.8B | ||
| Q1 24 | — | $5.9B |
总资产CAVAYUMC
| Q4 25 | $1.3B | $10.8B | ||
| Q3 25 | $1.3B | $11.0B | ||
| Q2 25 | $1.2B | $11.0B | ||
| Q1 25 | — | $11.0B | ||
| Q4 24 | $1.1B | $11.1B | ||
| Q3 24 | $1.0B | $11.8B | ||
| Q2 24 | $1.0B | $11.6B | ||
| Q1 24 | — | $11.3B |
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 | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4M | $-116.0M |
| 自由现金流率自由现金流/营收 | 0.5% | -4.1% |
| 资本支出强度资本支出/营收 | 15.1% | 8.5% |
| 现金转化率经营现金流/净利润 | 3.10× | 0.89× |
| 过去12个月自由现金流最近4个季度 | $46.6M | $840.0M |
8季度趋势，按日历期对齐
经营现金流CAVAYUMC
| Q4 25 | $45.6M | $125.0M | ||
| Q3 25 | $60.3M | $477.0M | ||
| Q2 25 | $38.6M | $412.0M | ||
| Q1 25 | — | $452.0M | ||
| Q4 24 | $43.9M | $167.0M | ||
| Q3 24 | $48.9M | $409.0M | ||
| Q2 24 | $38.4M | $401.0M | ||
| Q1 24 | — | $442.0M |
自由现金流CAVAYUMC
| Q4 25 | $1.4M | $-116.0M | ||
| Q3 25 | $19.2M | $351.0M | ||
| Q2 25 | $2.7M | $290.0M | ||
| Q1 25 | — | $315.0M | ||
| Q4 24 | $23.4M | $-15.0M | ||
| Q3 24 | $22.7M | $244.0M | ||
| Q2 24 | $4.7M | $232.0M | ||
| Q1 24 | — | $253.0M |
自由现金流率CAVAYUMC
| Q4 25 | 0.5% | -4.1% | ||
| Q3 25 | 6.8% | 10.9% | ||
| Q2 25 | 0.8% | 10.4% | ||
| Q1 25 | — | 10.6% | ||
| Q4 24 | 9.6% | -0.6% | ||
| Q3 24 | 9.7% | 7.9% | ||
| Q2 24 | 1.8% | 8.7% | ||
| Q1 24 | — | 8.6% |
资本支出强度CAVAYUMC
| Q4 25 | 15.1% | 8.5% | ||
| Q3 25 | 14.7% | 3.9% | ||
| Q2 25 | 10.8% | 4.4% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | 8.4% | 7.0% | ||
| Q3 24 | 11.2% | 5.4% | ||
| Q2 24 | 13.0% | 6.3% | ||
| Q1 24 | — | 6.4% |
现金转化率CAVAYUMC
| Q4 25 | 3.10× | 0.89× | ||
| Q3 25 | 3.28× | 1.69× | ||
| Q2 25 | 1.50× | 1.92× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | 2.44× | 1.45× | ||
| Q3 24 | 2.48× | 1.38× | ||
| Q2 24 | 2.74× | 1.89× | ||
| Q1 24 | — | 1.54× |
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% |
YUMC
| Revenue From External Customers | $2.1B | 75% |
| Pizza Hut | $540.0M | 19% |
| Corporate And Unallocated | $105.0M | 4% |
| Other Revenue | $45.0M | 2% |
| Franchise Fees And Income | $25.0M | 1% |
