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Church & Dwight（CHD）与百胜餐饮集团（YUM）财务数据对比。点击上方公司名可切换其他公司
百胜餐饮集团的季度营收约是Church & Dwight的1.5倍（$2.5B vs $1.6B），百胜餐饮集团净利率更高（21.3% vs 8.7%，领先12.5%），百胜餐饮集团同比增速更快（6.5% vs 3.9%），过去两年百胜餐饮集团的营收复合增速更高（25.5% vs 4.6%）
Church & Dwight是美国知名消费品企业，成立于1847年，总部位于新泽西州尤因。公司主营个人护理、家居用品及特色产品，旗下拥有Arm & Hammer、Trojan、OxiClean等知名品牌，2022年全年营收达54亿美元。
百胜餐饮集团是美国跨国快餐企业，前身为百事可乐1977年收购肯德基、必胜客、塔可贝尔后成立的子公司，1997年从百事可乐分拆独立。目前集团运营肯德基、必胜客、塔可贝尔、哈比特汉堡等知名餐饮品牌，同时持有多家科技公司为业务发展提供支持。
CHD vs YUM — 直观对比
营收规模更大
YUM
是对方的1.5倍
$1.6B
营收增速更快
YUM
高出2.5%
3.9%
净利率更高
YUM
高出12.5%
8.7%
两年增速更快
YUM
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.5B |
| 净利润 | $143.5M | $535.0M |
| 毛利率 | 45.8% | 67.6% |
| 营业利润率 | 16.2% | 29.3% |
| 净利率 | 8.7% | 21.3% |
| 营收同比 | 3.9% | 6.5% |
| 净利润同比 | -24.2% | 26.5% |
| 每股收益（稀释后） | $0.60 | $1.91 |
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CHDYUM
| Q4 25 | $1.6B | $2.5B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.5B | $1.8B | ||
| Q1 24 | $1.5B | $1.6B |
净利润CHDYUM
| Q4 25 | $143.5M | $535.0M | ||
| Q3 25 | $182.2M | $397.0M | ||
| Q2 25 | $191.0M | $374.0M | ||
| Q1 25 | $220.1M | $253.0M | ||
| Q4 24 | $189.2M | $423.0M | ||
| Q3 24 | $-75.1M | $382.0M | ||
| Q2 24 | $243.5M | $367.0M | ||
| Q1 24 | $227.7M | $314.0M |
毛利率CHDYUM
| Q4 25 | 45.8% | 67.6% | ||
| Q3 25 | 45.1% | 70.3% | ||
| Q2 25 | 43.0% | 71.0% | ||
| Q1 25 | 45.0% | 70.9% | ||
| Q4 24 | 44.7% | 69.2% | ||
| Q3 24 | 45.2% | 71.4% | ||
| Q2 24 | 47.1% | 73.3% | ||
| Q1 24 | 45.7% | 75.0% |
营业利润率CHDYUM
| Q4 25 | 16.2% | 29.3% | ||
| Q3 25 | 16.1% | 33.7% | ||
| Q2 25 | 17.4% | 32.2% | ||
| Q1 25 | 20.1% | 30.7% | ||
| Q4 24 | 16.2% | 27.8% | ||
| Q3 24 | -6.1% | 33.9% | ||
| Q2 24 | 22.3% | 34.4% | ||
| Q1 24 | 20.3% | 32.5% |
净利率CHDYUM
| Q4 25 | 8.7% | 21.3% | ||
| Q3 25 | 11.5% | 20.1% | ||
| Q2 25 | 12.7% | 19.3% | ||
| Q1 25 | 15.0% | 14.2% | ||
| Q4 24 | 12.0% | 17.9% | ||
| Q3 24 | -5.0% | 20.9% | ||
| Q2 24 | 16.1% | 20.8% | ||
| Q1 24 | 15.1% | 19.6% |
每股收益（稀释后）CHDYUM
| Q4 25 | $0.60 | $1.91 | ||
| Q3 25 | $0.75 | $1.41 | ||
| Q2 25 | $0.78 | $1.33 | ||
| Q1 25 | $0.89 | $0.90 | ||
| Q4 24 | $0.76 | $1.49 | ||
| Q3 24 | $-0.31 | $1.35 | ||
| Q2 24 | $0.99 | $1.28 | ||
| Q1 24 | $0.93 | $1.10 |
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 | $409.0M | $709.0M |
| 总债务越低越好 | $2.2B | $11.9B |
| 股东权益账面价值 | $4.0B | $-7.3B |
| 总资产 | $8.9B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.55× | — |
8季度趋势，按日历期对齐
现金及短期投资CHDYUM
| Q4 25 | $409.0M | $709.0M | ||
| Q3 25 | $305.3M | $1.0B | ||
| Q2 25 | $923.2M | $677.0M | ||
| Q1 25 | $1.1B | $607.0M | ||
| Q4 24 | $964.1M | $707.0M | ||
| Q3 24 | $752.1M | $548.0M | ||
| Q2 24 | $491.7M | $520.0M | ||
| Q1 24 | $349.7M | $652.0M |
总债务CHDYUM
| Q4 25 | $2.2B | $11.9B | ||
| Q3 25 | $2.2B | $11.5B | ||
| Q2 25 | $2.2B | $10.4B | ||
| Q1 25 | $2.2B | $11.3B | ||
| Q4 24 | $2.2B | $11.3B | ||
| Q3 24 | $2.2B | $11.2B | ||
| Q2 24 | $2.2B | $11.1B | ||
| Q1 24 | $2.2B | $11.1B |
股东权益CHDYUM
| Q4 25 | $4.0B | $-7.3B | ||
| Q3 25 | $4.2B | $-7.5B | ||
| Q2 25 | $4.4B | $-7.7B | ||
| Q1 25 | $4.6B | $-7.8B | ||
| Q4 24 | $4.4B | $-7.6B | ||
| Q3 24 | $4.2B | $-7.7B | ||
| Q2 24 | $4.3B | $-7.6B | ||
| Q1 24 | $4.1B | $-7.8B |
总资产CHDYUM
| Q4 25 | $8.9B | $8.2B | ||
| Q3 25 | $9.1B | $7.2B | ||
| Q2 25 | $8.8B | $6.9B | ||
| Q1 25 | $9.0B | $6.7B | ||
| Q4 24 | $8.9B | $6.7B | ||
| Q3 24 | $8.7B | $6.5B | ||
| Q2 24 | $8.8B | $6.4B | ||
| Q1 24 | $8.6B | $6.2B |
负债/权益比CHDYUM
| Q4 25 | 0.55× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.54× | — |
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 | — | $617.0M |
| 自由现金流经营现金流 - 资本支出 | — | $482.0M |
| 自由现金流率自由现金流/营收 | — | 19.2% |
| 资本支出强度资本支出/营收 | 3.4% | 5.4% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流CHDYUM
| Q4 25 | — | $617.0M | ||
| Q3 25 | — | $543.0M | ||
| Q2 25 | — | $446.0M | ||
| Q1 25 | — | $404.0M | ||
| Q4 24 | $292.3M | $513.0M | ||
| Q3 24 | $364.0M | $471.0M | ||
| Q2 24 | $236.9M | $342.0M | ||
| Q1 24 | $263.0M | $363.0M |
自由现金流CHDYUM
| Q4 25 | — | $482.0M | ||
| Q3 25 | — | $449.0M | ||
| Q2 25 | — | $375.0M | ||
| Q1 25 | — | $333.0M | ||
| Q4 24 | $237.7M | $407.0M | ||
| Q3 24 | $315.4M | $419.0M | ||
| Q2 24 | $206.6M | $292.0M | ||
| Q1 24 | $216.7M | $314.0M |
自由现金流率CHDYUM
| Q4 25 | — | 19.2% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | 15.0% | 17.2% | ||
| Q3 24 | 20.9% | 22.9% | ||
| Q2 24 | 13.7% | 16.6% | ||
| Q1 24 | 14.4% | 19.6% |
资本支出强度CHDYUM
| Q4 25 | 3.4% | 5.4% | ||
| Q3 25 | 1.8% | 4.7% | ||
| Q2 25 | 1.5% | 3.7% | ||
| Q1 25 | 1.1% | 4.0% | ||
| Q4 24 | 3.5% | 4.5% | ||
| Q3 24 | 3.2% | 2.8% | ||
| Q2 24 | 2.0% | 2.8% | ||
| Q1 24 | 3.1% | 3.1% |
现金转化率CHDYUM
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | 1.60× | ||
| Q4 24 | 1.54× | 1.21× | ||
| Q3 24 | — | 1.23× | ||
| Q2 24 | 0.97× | 0.93× | ||
| Q1 24 | 1.16× | 1.16× |
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
CHD
| Household Products | $645.3M | 39% |
| Personal Care Products | $625.9M | 38% |
| Consumer International | $299.8M | 18% |
| Specialty Products Division | $73.2M | 4% |
YUM
| Other | $1.5B | 59% |
| Advertising | $547.0M | 22% |
| Pizza Hut Global Division | $303.0M | 12% |
| The Habit Burger Grill Global Division | $174.0M | 7% |
| Real Estate | $4.0M | 0% |
