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C.H. Robinson（CHRW）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
C.H. Robinson的季度营收约是百胜餐饮集团的1.6倍（$3.9B vs $2.5B），百胜餐饮集团净利率更高（21.3% vs 3.5%，领先17.8%），百胜餐饮集团同比增速更快（6.5% vs -6.5%），百胜餐饮集团自由现金流更多（$482.0M vs $302.4M），过去两年百胜餐饮集团的营收复合增速更高（25.5% vs -5.8%）
C.H. Robinson是美国知名第三方物流与运输服务企业，业务涵盖货运代理、运输管理、中介经纪及仓储服务，可提供整车、零担、空运、多式联运、海运等多种运输解决方案，满足全球客户差异化物流需求。
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。
CHRW vs YUM — 直观对比
营收规模更大
CHRW
是对方的1.6倍
$2.5B
营收增速更快
YUM
高出13.0%
-6.5%
净利率更高
YUM
高出17.8%
3.5%
自由现金流更多
YUM
多$179.6M
$302.4M
两年增速更快
YUM
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.5B |
| 净利润 | $136.3M | $535.0M |
| 毛利率 | — | 67.6% |
| 营业利润率 | 4.6% | 29.3% |
| 净利率 | 3.5% | 21.3% |
| 营收同比 | -6.5% | 6.5% |
| 净利润同比 | -8.7% | 26.5% |
| 每股收益（稀释后） | $1.12 | $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CHRWYUM
| Q4 25 | $3.9B | $2.5B | ||
| Q3 25 | $4.1B | $2.0B | ||
| Q2 25 | $4.1B | $1.9B | ||
| Q1 25 | $4.0B | $1.8B | ||
| Q4 24 | $4.2B | $2.4B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $4.5B | $1.8B | ||
| Q1 24 | $4.4B | $1.6B |
净利润CHRWYUM
| Q4 25 | $136.3M | $535.0M | ||
| Q3 25 | $163.0M | $397.0M | ||
| Q2 25 | $152.5M | $374.0M | ||
| Q1 25 | $135.3M | $253.0M | ||
| Q4 24 | $149.3M | $423.0M | ||
| Q3 24 | $97.2M | $382.0M | ||
| Q2 24 | $126.3M | $367.0M | ||
| Q1 24 | $92.9M | $314.0M |
毛利率CHRWYUM
| Q4 25 | — | 67.6% | ||
| Q3 25 | — | 70.3% | ||
| Q2 25 | — | 71.0% | ||
| Q1 25 | — | 70.9% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | — | 71.4% | ||
| Q2 24 | — | 73.3% | ||
| Q1 24 | — | 75.0% |
营业利润率CHRWYUM
| Q4 25 | 4.6% | 29.3% | ||
| Q3 25 | 5.3% | 33.7% | ||
| Q2 25 | 5.2% | 32.2% | ||
| Q1 25 | 4.4% | 30.7% | ||
| Q4 24 | 4.4% | 27.8% | ||
| Q3 24 | 3.9% | 33.9% | ||
| Q2 24 | 4.0% | 34.4% | ||
| Q1 24 | 2.9% | 32.5% |
净利率CHRWYUM
| Q4 25 | 3.5% | 21.3% | ||
| Q3 25 | 3.9% | 20.1% | ||
| Q2 25 | 3.7% | 19.3% | ||
| Q1 25 | 3.3% | 14.2% | ||
| Q4 24 | 3.6% | 17.9% | ||
| Q3 24 | 2.1% | 20.9% | ||
| Q2 24 | 2.8% | 20.8% | ||
| Q1 24 | 2.1% | 19.6% |
每股收益（稀释后）CHRWYUM
| Q4 25 | $1.12 | $1.91 | ||
| Q3 25 | $1.34 | $1.41 | ||
| Q2 25 | $1.26 | $1.33 | ||
| Q1 25 | $1.11 | $0.90 | ||
| Q4 24 | $1.23 | $1.49 | ||
| Q3 24 | $0.80 | $1.35 | ||
| Q2 24 | $1.05 | $1.28 | ||
| Q1 24 | $0.78 | $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 | $160.9M | $709.0M |
| 总债务越低越好 | $1.1B | $11.9B |
| 股东权益账面价值 | $1.8B | $-7.3B |
| 总资产 | $5.1B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资CHRWYUM
| Q4 25 | $160.9M | $709.0M | ||
| Q3 25 | $136.8M | $1.0B | ||
| Q2 25 | $156.0M | $677.0M | ||
| Q1 25 | $129.9M | $607.0M | ||
| Q4 24 | $145.8M | $707.0M | ||
| Q3 24 | $131.7M | $548.0M | ||
| Q2 24 | $113.2M | $520.0M | ||
| Q1 24 | $121.8M | $652.0M |
总债务CHRWYUM
| Q4 25 | $1.1B | $11.9B | ||
| Q3 25 | $1.2B | $11.5B | ||
| Q2 25 | $1.4B | $10.4B | ||
| Q1 25 | $1.4B | $11.3B | ||
| Q4 24 | $1.4B | $11.3B | ||
| Q3 24 | $1.6B | $11.2B | ||
| Q2 24 | $1.6B | $11.1B | ||
| Q1 24 | $1.7B | $11.1B |
股东权益CHRWYUM
| Q4 25 | $1.8B | $-7.3B | ||
| Q3 25 | $1.9B | $-7.5B | ||
| Q2 25 | $1.8B | $-7.7B | ||
| Q1 25 | $1.7B | $-7.8B | ||
| Q4 24 | $1.7B | $-7.6B | ||
| Q3 24 | $1.6B | $-7.7B | ||
| Q2 24 | $1.5B | $-7.6B | ||
| Q1 24 | $1.4B | $-7.8B |
总资产CHRWYUM
| Q4 25 | $5.1B | $8.2B | ||
| Q3 25 | $5.2B | $7.2B | ||
| Q2 25 | $5.3B | $6.9B | ||
| Q1 25 | $5.2B | $6.7B | ||
| Q4 24 | $5.3B | $6.7B | ||
| Q3 24 | $5.6B | $6.5B | ||
| Q2 24 | $5.5B | $6.4B | ||
| Q1 24 | $5.5B | $6.2B |
负债/权益比CHRWYUM
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 1.19× | — |
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 | $305.4M | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $482.0M |
| 自由现金流率自由现金流/营收 | 7.7% | 19.2% |
| 资本支出强度资本支出/营收 | 0.1% | 5.4% |
| 现金转化率经营现金流/净利润 | 2.24× | 1.15× |
| 过去12个月自由现金流最近4个季度 | $894.9M | $1.6B |
8季度趋势，按日历期对齐
经营现金流CHRWYUM
| Q4 25 | $305.4M | $617.0M | ||
| Q3 25 | $275.4M | $543.0M | ||
| Q2 25 | $227.1M | $446.0M | ||
| Q1 25 | $106.5M | $404.0M | ||
| Q4 24 | $267.9M | $513.0M | ||
| Q3 24 | $108.1M | $471.0M | ||
| Q2 24 | $166.4M | $342.0M | ||
| Q1 24 | $-33.3M | $363.0M |
自由现金流CHRWYUM
| Q4 25 | $302.4M | $482.0M | ||
| Q3 25 | $269.5M | $449.0M | ||
| Q2 25 | $219.8M | $375.0M | ||
| Q1 25 | $103.2M | $333.0M | ||
| Q4 24 | $265.3M | $407.0M | ||
| Q3 24 | $103.3M | $419.0M | ||
| Q2 24 | $159.8M | $292.0M | ||
| Q1 24 | $-41.9M | $314.0M |
自由现金流率CHRWYUM
| Q4 25 | 7.7% | 19.2% | ||
| Q3 25 | 6.5% | 22.7% | ||
| Q2 25 | 5.3% | 19.4% | ||
| Q1 25 | 2.5% | 18.6% | ||
| Q4 24 | 6.3% | 17.2% | ||
| Q3 24 | 2.2% | 22.9% | ||
| Q2 24 | 3.6% | 16.6% | ||
| Q1 24 | -1.0% | 19.6% |
资本支出强度CHRWYUM
| Q4 25 | 0.1% | 5.4% | ||
| Q3 25 | 0.1% | 4.7% | ||
| Q2 25 | 0.2% | 3.7% | ||
| Q1 25 | 0.1% | 4.0% | ||
| Q4 24 | 0.1% | 4.5% | ||
| Q3 24 | 0.1% | 2.8% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 0.2% | 3.1% |
现金转化率CHRWYUM
| Q4 25 | 2.24× | 1.15× | ||
| Q3 25 | 1.69× | 1.37× | ||
| Q2 25 | 1.49× | 1.19× | ||
| Q1 25 | 0.79× | 1.60× | ||
| Q4 24 | 1.79× | 1.21× | ||
| Q3 24 | 1.11× | 1.23× | ||
| Q2 24 | 1.32× | 0.93× | ||
| Q1 24 | -0.36× | 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
CHRW
| North American Service Transportation NAST | $2.8B | 72% |
| Global Forwarding | $731.0M | 19% |
| Sourcing | $340.9M | 9% |
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% |
