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高乐氏（CLX）与达美乐（DPZ）财务数据对比。点击上方公司名可切换其他公司
高乐氏的季度营收约是达美乐的1.5倍（$1.7B vs $1.2B），达美乐净利率更高（12.2% vs 9.4%，领先2.8%），达美乐同比增速更快（3.5% vs 0.3%），过去两年达美乐的营收复合增速更高（3.0% vs -8.3%）
高乐氏是美国跨国企业，专业从事消费级与专业用途产品的生产及营销。2000年至2024年持续入选《财富》500强榜单，最新排名为第485位，旗下产品覆盖清洁护理、家居日用等多个品类，在全球消费市场拥有较高认可度。
达美乐是1960年成立的美国跨国披萨连锁品牌，注册地位于特拉华州，总部坐落在密歇根州安娜堡附近的安娜堡镇达美乐农场办公园区。截至2018年，品牌已在全球83个国家和地区的5701座城市开设约15000家门店，其中美国、印度、英国分别有5649家、1500家和1249家门店。
CLX vs DPZ — 直观对比
营收规模更大
CLX
是对方的1.5倍
$1.2B
营收增速更快
DPZ
高出3.2%
0.3%
净利率更高
DPZ
高出2.8%
9.4%
两年增速更快
DPZ
近两年复合增速
-8.3%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $157.0M | $139.8M |
| 毛利率 | 43.2% | 40.4% |
| 营业利润率 | — | 20.0% |
| 净利率 | 9.4% | 12.2% |
| 营收同比 | 0.3% | 3.5% |
| 净利润同比 | -15.6% | -6.6% |
| 每股收益（稀释后） | $1.29 | $4.13 |
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CLXDPZ
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.9B | $1.1B |
净利润CLXDPZ
| Q1 26 | — | $139.8M | ||
| Q4 25 | $157.0M | — | ||
| Q3 25 | — | $139.3M | ||
| Q2 25 | $332.0M | $131.1M | ||
| Q1 25 | $186.0M | $149.7M | ||
| Q4 24 | $193.0M | $169.4M | ||
| Q3 24 | $99.0M | $146.9M | ||
| Q2 24 | $216.0M | $142.0M |
毛利率CLXDPZ
| Q1 26 | — | 40.4% | ||
| Q4 25 | 43.2% | — | ||
| Q3 25 | — | 40.1% | ||
| Q2 25 | 46.5% | 40.3% | ||
| Q1 25 | 44.6% | 39.8% | ||
| Q4 24 | 43.8% | 39.2% | ||
| Q3 24 | 45.8% | 39.2% | ||
| Q2 24 | 46.5% | 39.8% |
营业利润率CLXDPZ
| Q1 26 | — | 20.0% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 19.5% | ||
| Q2 25 | 20.6% | 19.7% | ||
| Q1 25 | 15.2% | 18.9% | ||
| Q4 24 | 14.1% | 19.0% | ||
| Q3 24 | 10.0% | 18.4% | ||
| Q2 24 | 14.5% | 17.9% |
净利率CLXDPZ
| Q1 26 | — | 12.2% | ||
| Q4 25 | 9.4% | — | ||
| Q3 25 | — | 12.1% | ||
| Q2 25 | 16.7% | 11.4% | ||
| Q1 25 | 11.2% | 13.5% | ||
| Q4 24 | 11.4% | 11.7% | ||
| Q3 24 | 5.6% | 13.6% | ||
| Q2 24 | 11.4% | 12.9% |
每股收益（稀释后）CLXDPZ
| Q1 26 | — | $4.13 | ||
| Q4 25 | $1.29 | — | ||
| Q3 25 | — | $4.08 | ||
| Q2 25 | $2.68 | $3.81 | ||
| Q1 25 | $1.50 | $4.33 | ||
| Q4 24 | $1.54 | $4.89 | ||
| Q3 24 | $0.80 | $4.19 | ||
| Q2 24 | $1.74 | $4.03 |
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 | $227.0M | $232.9M |
| 总债务越低越好 | — | $4.9B |
| 股东权益账面价值 | $-125.0M | — |
| 总资产 | $5.6B | $1.8B |
| 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CLXDPZ
| Q1 26 | — | $232.9M | ||
| Q4 25 | $227.0M | — | ||
| Q3 25 | — | $139.7M | ||
| Q2 25 | $167.0M | $272.9M | ||
| Q1 25 | $226.0M | $304.3M | ||
| Q4 24 | $290.0M | $186.1M | ||
| Q3 24 | $278.0M | $189.1M | ||
| Q2 24 | $202.0M | $283.7M |
总债务CLXDPZ
| Q1 26 | — | $4.9B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | $2.5B | $3.8B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | $2.5B | $5.0B |
股东权益CLXDPZ
| Q1 26 | — | — | ||
| Q4 25 | $-125.0M | — | ||
| Q3 25 | — | $-4.0B | ||
| Q2 25 | $321.0M | $-4.0B | ||
| Q1 25 | $27.0M | $-3.9B | ||
| Q4 24 | $-41.0M | $-4.0B | ||
| Q3 24 | $60.0M | $-4.0B | ||
| Q2 24 | $328.0M | $-3.9B |
总资产CLXDPZ
| Q1 26 | — | $1.8B | ||
| Q4 25 | $5.6B | — | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $5.6B | $1.8B | ||
| Q1 25 | $5.5B | $1.9B | ||
| Q4 24 | $5.6B | $1.7B | ||
| Q3 24 | $5.5B | $1.8B | ||
| Q2 24 | $5.8B | $1.9B |
负债/权益比CLXDPZ
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.74× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.56× | — |
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 | — | $162.0M |
| 自由现金流经营现金流 - 资本支出 | — | $147.0M |
| 自由现金流率自由现金流/营收 | — | 12.8% |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.16× |
| 过去12个月自由现金流最近4个季度 | — | $642.6M |
8季度趋势，按日历期对齐
经营现金流CLXDPZ
| Q1 26 | — | $162.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $185.4M | ||
| Q2 25 | $294.0M | $187.8M | ||
| Q1 25 | $286.0M | $179.1M | ||
| Q4 24 | $180.0M | $178.0M | ||
| Q3 24 | $221.0M | $172.7M | ||
| Q2 24 | $340.0M | $150.7M |
自由现金流CLXDPZ
| Q1 26 | — | $147.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $164.0M | ||
| Q2 25 | $219.0M | $167.3M | ||
| Q1 25 | $233.0M | $164.3M | ||
| Q4 24 | $127.0M | $135.9M | ||
| Q3 24 | $182.0M | $145.6M | ||
| Q2 24 | $259.0M | $127.2M |
自由现金流率CLXDPZ
| Q1 26 | — | 12.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | 11.0% | 14.6% | ||
| Q1 25 | 14.0% | 14.8% | ||
| Q4 24 | 7.5% | 9.4% | ||
| Q3 24 | 10.3% | 13.5% | ||
| Q2 24 | 13.6% | 11.6% |
资本支出强度CLXDPZ
| Q1 26 | — | 1.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | 3.8% | 1.8% | ||
| Q1 25 | 3.2% | 1.3% | ||
| Q4 24 | 3.1% | 2.9% | ||
| Q3 24 | 2.2% | 2.5% | ||
| Q2 24 | 4.3% | 2.1% |
现金转化率CLXDPZ
| Q1 26 | — | 1.16× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | 0.89× | 1.43× | ||
| Q1 25 | 1.54× | 1.20× | ||
| Q4 24 | 0.93× | 1.05× | ||
| Q3 24 | 2.23× | 1.18× | ||
| Q2 24 | 1.57× | 1.06× |
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
CLX
| Health And Wellness | $643.0M | 38% |
| Household | $419.0M | 25% |
| Lifestyle | $321.0M | 19% |
| Other | $290.0M | 17% |
DPZ
| Supply chain | $699.0M | 61% |
| U.S. franchise royalties and fees | $158.0M | 14% |
| U.S. franchise advertising | $130.5M | 11% |
| U.S. Company-owned stores | $82.1M | 7% |
| International franchise royalties and fees | $81.0M | 7% |
