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Chefs' Warehouse, Inc.（CHEF）与百事公司（PFGC）财务数据对比。点击上方公司名可切换其他公司
百事公司的季度营收约是Chefs' Warehouse, Inc.的14.4倍（$16.4B vs $1.1B）。Chefs' Warehouse, Inc.净利率更高（1.9% vs 0.4%，领先1.5%）。Chefs' Warehouse, Inc.同比增速更快（10.5% vs 5.2%）。百事公司自由现金流更多（$487.8M vs $65.8M）。过去两年Chefs' Warehouse, Inc.的营收复合增速更高（14.3% vs 8.9%）
Chefs' Warehouse, Inc. 是一家北美专业食品分销商，服务对象包括独立餐厅、高端餐饮场所、酒店、餐饮服务商等食品服务运营商，供应超15万种精选产品，涵盖手工食材、特色肉类、海鲜、乳制品、进口高端美食等，适配专业厨师的使用需求。
百事公司是总部位于美国纽约州珀彻斯的跨国食品饮料企业，1965年由百事可乐公司与菲多利合并成立。业务覆盖食品饮料全领域，负责旗下产品的生产、分销与市场营销，产品矩阵从最初的百事可乐扩展到了丰富多元的知名品牌组合。
CHEF vs PFGC — 直观对比
营收规模更大
PFGC
是对方的14.4倍
$1.1B
营收增速更快
CHEF
高出5.4%
5.2%
净利率更高
CHEF
高出1.5%
0.4%
自由现金流更多
PFGC
多$422.0M
$65.8M
两年增速更快
CHEF
近两年复合增速
8.9%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $16.4B |
| 净利润 | $21.7M | $61.7M |
| 毛利率 | 24.2% | 12.0% |
| 营业利润率 | 3.8% | 1.2% |
| 净利率 | 1.9% | 0.4% |
| 营收同比 | 10.5% | 5.2% |
| 净利润同比 | -9.4% | 45.5% |
| 每股收益（稀释后） | $0.50 | $0.39 |
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CHEFPFGC
| Q4 25 | $1.1B | $16.4B | ||
| Q3 25 | $1.0B | $17.1B | ||
| Q2 25 | $1.0B | $16.9B | ||
| Q1 25 | $950.7M | $15.3B | ||
| Q4 24 | $1.0B | $15.6B | ||
| Q3 24 | $931.5M | $15.4B | ||
| Q2 24 | $954.7M | $15.2B | ||
| Q1 24 | $874.5M | $13.9B |
净利润CHEFPFGC
| Q4 25 | $21.7M | $61.7M | ||
| Q3 25 | $19.1M | $93.6M | ||
| Q2 25 | $21.2M | $131.5M | ||
| Q1 25 | $10.3M | $58.3M | ||
| Q4 24 | $23.9M | $42.4M | ||
| Q3 24 | $14.1M | $108.0M | ||
| Q2 24 | $15.5M | $166.5M | ||
| Q1 24 | $1.9M | $70.4M |
毛利率CHEFPFGC
| Q4 25 | 24.2% | 12.0% | ||
| Q3 25 | 24.2% | 11.8% | ||
| Q2 25 | 24.6% | 11.8% | ||
| Q1 25 | 23.8% | 11.9% | ||
| Q4 24 | 24.3% | 11.7% | ||
| Q3 24 | 24.1% | 11.4% | ||
| Q2 24 | 24.0% | 11.5% | ||
| Q1 24 | 23.9% | 11.3% |
营业利润率CHEFPFGC
| Q4 25 | 3.8% | 1.2% | ||
| Q3 25 | 3.8% | 1.3% | ||
| Q2 25 | 3.9% | 1.6% | ||
| Q1 25 | 2.4% | 1.1% | ||
| Q4 24 | 4.5% | 1.0% | ||
| Q3 24 | 3.4% | 1.4% | ||
| Q2 24 | 3.5% | 1.9% | ||
| Q1 24 | 1.8% | 1.1% |
净利率CHEFPFGC
| Q4 25 | 1.9% | 0.4% | ||
| Q3 25 | 1.9% | 0.5% | ||
| Q2 25 | 2.1% | 0.8% | ||
| Q1 25 | 1.1% | 0.4% | ||
| Q4 24 | 2.3% | 0.3% | ||
| Q3 24 | 1.5% | 0.7% | ||
| Q2 24 | 1.6% | 1.1% | ||
| Q1 24 | 0.2% | 0.5% |
每股收益（稀释后）CHEFPFGC
| Q4 25 | $0.50 | $0.39 | ||
| Q3 25 | $0.44 | $0.60 | ||
| Q2 25 | $0.49 | $0.85 | ||
| Q1 25 | $0.25 | $0.37 | ||
| Q4 24 | $0.56 | $0.27 | ||
| Q3 24 | $0.34 | $0.69 | ||
| Q2 24 | $0.37 | $1.07 | ||
| Q1 24 | $0.05 | $0.45 |
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 | $121.0M | — |
| 总债务越低越好 | $720.3M | $5.3B |
| 股东权益账面价值 | $604.3M | $4.6B |
| 总资产 | $2.0B | $18.2B |
| 负债/权益比越低杠杆越低 | 1.19× | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资CHEFPFGC
| Q4 25 | $121.0M | — | ||
| Q3 25 | $65.1M | — | ||
| Q2 25 | $96.9M | — | ||
| Q1 25 | $116.5M | — | ||
| Q4 24 | $114.7M | — | ||
| Q3 24 | $50.7M | — | ||
| Q2 24 | $38.3M | — | ||
| Q1 24 | $42.3M | — |
总债务CHEFPFGC
| Q4 25 | $720.3M | $5.3B | ||
| Q3 25 | $711.7M | $5.6B | ||
| Q2 25 | $690.2M | $5.4B | ||
| Q1 25 | $681.1M | $5.4B | ||
| Q4 24 | $688.7M | $5.7B | ||
| Q3 24 | $666.6M | $3.9B | ||
| Q2 24 | $660.8M | $3.2B | ||
| Q1 24 | $667.3M | $3.2B |
股东权益CHEFPFGC
| Q4 25 | $604.3M | $4.6B | ||
| Q3 25 | $576.6M | $4.6B | ||
| Q2 25 | $557.7M | $4.5B | ||
| Q1 25 | $541.6M | $4.3B | ||
| Q4 24 | $537.6M | $4.3B | ||
| Q3 24 | $480.3M | $4.2B | ||
| Q2 24 | $461.9M | $4.1B | ||
| Q1 24 | $447.8M | $4.0B |
总资产CHEFPFGC
| Q4 25 | $2.0B | $18.2B | ||
| Q3 25 | $1.9B | $18.4B | ||
| Q2 25 | $1.9B | $17.9B | ||
| Q1 25 | $1.8B | $17.1B | ||
| Q4 24 | $1.9B | $17.1B | ||
| Q3 24 | $1.8B | $14.4B | ||
| Q2 24 | $1.7B | $13.4B | ||
| Q1 24 | $1.7B | $12.9B |
负债/权益比CHEFPFGC
| Q4 25 | 1.19× | 1.13× | ||
| Q3 25 | 1.23× | 1.23× | ||
| Q2 25 | 1.24× | 1.20× | ||
| Q1 25 | 1.26× | 1.25× | ||
| Q4 24 | 1.28× | 1.34× | ||
| Q3 24 | 1.39× | 0.93× | ||
| Q2 24 | 1.43× | 0.78× | ||
| Q1 24 | 1.49× | 0.81× |
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 | $73.9M | $601.2M |
| 自由现金流经营现金流 - 资本支出 | $65.8M | $487.8M |
| 自由现金流率自由现金流/营收 | 5.8% | 3.0% |
| 资本支出强度资本支出/营收 | 0.7% | 0.7% |
| 现金转化率经营现金流/净利润 | 3.41× | 9.74× |
| 过去12个月自由现金流最近4个季度 | $87.8M | $792.7M |
8季度趋势，按日历期对齐
经营现金流CHEFPFGC
| Q4 25 | $73.9M | $601.2M | ||
| Q3 25 | $-8.7M | $-145.2M | ||
| Q2 25 | $14.5M | $383.0M | ||
| Q1 25 | $49.6M | $448.1M | ||
| Q4 24 | $73.0M | $325.5M | ||
| Q3 24 | $19.8M | $53.5M | ||
| Q2 24 | $29.3M | $206.3M | ||
| Q1 24 | $30.9M | $402.7M |
自由现金流CHEFPFGC
| Q4 25 | $65.8M | $487.8M | ||
| Q3 25 | $-19.7M | $-224.1M | ||
| Q2 25 | $4.5M | $209.7M | ||
| Q1 25 | $37.2M | $319.3M | ||
| Q4 24 | $64.6M | $218.1M | ||
| Q3 24 | $11.8M | $-43.0M | ||
| Q2 24 | $13.3M | $55.1M | ||
| Q1 24 | $13.8M | $305.4M |
自由现金流率CHEFPFGC
| Q4 25 | 5.8% | 3.0% | ||
| Q3 25 | -1.9% | -1.3% | ||
| Q2 25 | 0.4% | 1.2% | ||
| Q1 25 | 3.9% | 2.1% | ||
| Q4 24 | 6.3% | 1.4% | ||
| Q3 24 | 1.3% | -0.3% | ||
| Q2 24 | 1.4% | 0.4% | ||
| Q1 24 | 1.6% | 2.2% |
资本支出强度CHEFPFGC
| Q4 25 | 0.7% | 0.7% | ||
| Q3 25 | 1.1% | 0.5% | ||
| Q2 25 | 1.0% | 1.0% | ||
| Q1 25 | 1.3% | 0.8% | ||
| Q4 24 | 0.8% | 0.7% | ||
| Q3 24 | 0.9% | 0.6% | ||
| Q2 24 | 1.7% | 1.0% | ||
| Q1 24 | 2.0% | 0.7% |
现金转化率CHEFPFGC
| Q4 25 | 3.41× | 9.74× | ||
| Q3 25 | -0.46× | -1.55× | ||
| Q2 25 | 0.68× | 2.91× | ||
| Q1 25 | 4.82× | 7.69× | ||
| Q4 24 | 3.05× | 7.68× | ||
| Q3 24 | 1.41× | 0.50× | ||
| Q2 24 | 1.89× | 1.24× | ||
| Q1 24 | 16.00× | 5.72× |
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
CHEF
| Center Of The Plate Product | $459.1M | 40% |
| Dry Goods Product | $175.7M | 15% |
| Pastry Product | $160.5M | 14% |
| Produce | $147.9M | 13% |
| Cheese And Charcuterie Product | $75.3M | 7% |
| Dairy And Eggs Product | $69.2M | 6% |
| Oils And Vinegar Product | $32.4M | 3% |
| Kitchen Supplies Product | $22.4M | 2% |
PFGC
| Foodservice | $8.8B | 54% |
| Convenience | $6.3B | 38% |
| Specialty | $1.3B | 8% |
