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CRACKER BARREL OLD COUNTRY STORE, INC（CBRL）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CRACKER BARREL OLD COUNTRY STORE, INC的3.5倍（$2.8B vs $797.2M），百胜中国净利率更高（5.0% vs -3.1%，领先8.0%），百胜中国同比增速更快（8.8% vs -10.9%），CRACKER BARREL OLD COUNTRY STORE, INC自由现金流更多（$-88.9M vs $-116.0M），过去两年百胜中国的营收复合增速更高（-2.3% vs -2.4%）
Cracker Barrel是源自美国南方乡村风格的连锁餐厅与礼品店品牌，1969年由丹·埃文斯与汤米·洛创立，总部位于田纳西州黎巴嫩。品牌最初门店多开设在美国东南部和中西部的高速公路出口附近，于上世纪90年代至21世纪初逐步扩张至全美各地。
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。
CBRL vs YUMC — 直观对比
营收规模更大
YUMC
是对方的3.5倍
$797.2M
营收增速更快
YUMC
高出19.7%
-10.9%
净利率更高
YUMC
高出8.0%
-3.1%
自由现金流更多
CBRL
多$27.1M
$-116.0M
两年增速更快
YUMC
近两年复合增速
-2.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $797.2M | $2.8B |
| 净利润 | $-24.6M | $140.0M |
| 毛利率 | 68.8% | — |
| 营业利润率 | -4.1% | 6.6% |
| 净利率 | -3.1% | 5.0% |
| 营收同比 | -10.9% | 8.8% |
| 净利润同比 | -235.7% | 21.7% |
| 每股收益（稀释后） | $-1.10 | $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CBRLYUMC
| Q4 25 | $797.2M | $2.8B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $821.1M | $2.8B | ||
| Q1 25 | $949.4M | $3.0B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $894.4M | $3.1B | ||
| Q2 24 | $817.1M | $2.7B | ||
| Q1 24 | $935.4M | $3.0B |
净利润CBRLYUMC
| Q4 25 | $-24.6M | $140.0M | ||
| Q3 25 | — | $282.0M | ||
| Q2 25 | $12.6M | $215.0M | ||
| Q1 25 | $22.2M | $292.0M | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | $18.1M | $297.0M | ||
| Q2 24 | $-9.2M | $212.0M | ||
| Q1 24 | $26.5M | $287.0M |
毛利率CBRLYUMC
| Q4 25 | 68.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 69.9% | — | ||
| Q1 25 | 67.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 69.6% | — | ||
| Q2 24 | 70.0% | — | ||
| Q1 24 | 66.3% | — |
营业利润率CBRLYUMC
| Q4 25 | -4.1% | 6.6% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | 1.8% | 10.9% | ||
| Q1 25 | 3.1% | 13.4% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 2.5% | 12.1% | ||
| Q2 24 | -2.4% | 9.9% | ||
| Q1 24 | 3.3% | 12.6% |
净利率CBRLYUMC
| Q4 25 | -3.1% | 5.0% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | 1.5% | 7.7% | ||
| Q1 25 | 2.3% | 9.8% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | 2.0% | 9.7% | ||
| Q2 24 | -1.1% | 7.9% | ||
| Q1 24 | 2.8% | 9.7% |
每股收益（稀释后）CBRLYUMC
| Q4 25 | $-1.10 | $0.40 | ||
| Q3 25 | — | $0.76 | ||
| Q2 25 | $0.56 | $0.58 | ||
| Q1 25 | $0.99 | $0.77 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | $0.80 | $0.77 | ||
| Q2 24 | $-0.41 | $0.55 | ||
| Q1 24 | $1.19 | $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 | $8.9M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $428.8M | $5.4B |
| 总资产 | $2.2B | $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CBRLYUMC
| Q4 25 | $8.9M | $1.4B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $9.8M | $2.2B | ||
| Q1 25 | $10.3M | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $12.0M | $2.5B | ||
| Q2 24 | $11.9M | $2.5B | ||
| Q1 24 | $12.6M | $2.4B |
股东权益CBRLYUMC
| Q4 25 | $428.8M | $5.4B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $469.3M | $5.8B | ||
| Q1 25 | $460.9M | $5.8B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | $440.1M | $6.0B | ||
| Q2 24 | $426.6M | $5.8B | ||
| Q1 24 | $462.0M | $5.9B |
总资产CBRLYUMC
| Q4 25 | $2.2B | $10.8B | ||
| Q3 25 | — | $11.0B | ||
| Q2 25 | $2.1B | $11.0B | ||
| Q1 25 | $2.1B | $11.0B | ||
| Q4 24 | — | $11.1B | ||
| Q3 24 | $2.2B | $11.8B | ||
| Q2 24 | $2.2B | $11.6B | ||
| Q1 24 | $2.2B | $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 | $-53.4M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $-88.9M | $-116.0M |
| 自由现金流率自由现金流/营收 | -11.2% | -4.1% |
| 资本支出强度资本支出/营收 | 4.5% | 8.5% |
| 现金转化率经营现金流/净利润 | — | 0.89× |
| 过去12个月自由现金流最近4个季度 | — | $840.0M |
8季度趋势，按日历期对齐
经营现金流CBRLYUMC
| Q4 25 | $-53.4M | $125.0M | ||
| Q3 25 | — | $477.0M | ||
| Q2 25 | $23.0M | $412.0M | ||
| Q1 25 | — | $452.0M | ||
| Q4 24 | — | $167.0M | ||
| Q3 24 | $69.5M | $409.0M | ||
| Q2 24 | $37.6M | $401.0M | ||
| Q1 24 | $77.7M | $442.0M |
自由现金流CBRLYUMC
| Q4 25 | $-88.9M | $-116.0M | ||
| Q3 25 | — | $351.0M | ||
| Q2 25 | $-13.6M | $290.0M | ||
| Q1 25 | — | $315.0M | ||
| Q4 24 | — | $-15.0M | ||
| Q3 24 | $22.1M | $244.0M | ||
| Q2 24 | $8.2M | $232.0M | ||
| Q1 24 | $50.9M | $253.0M |
自由现金流率CBRLYUMC
| Q4 25 | -11.2% | -4.1% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | -1.7% | 10.4% | ||
| Q1 25 | — | 10.6% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | 2.5% | 7.9% | ||
| Q2 24 | 1.0% | 8.7% | ||
| Q1 24 | 5.4% | 8.6% |
资本支出强度CBRLYUMC
| Q4 25 | 4.5% | 8.5% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | 4.5% | 4.4% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | 5.3% | 5.4% | ||
| Q2 24 | 3.6% | 6.3% | ||
| Q1 24 | 2.9% | 6.4% |
现金转化率CBRLYUMC
| Q4 25 | — | 0.89× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | 1.83× | 1.92× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 3.83× | 1.38× | ||
| Q2 24 | — | 1.89× | ||
| Q1 24 | 2.93× | 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
CBRL
| Restaurant | $650.6M | 82% |
| Retail | $146.6M | 18% |
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% |
