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Chipotle Mexican Grill（CMG）与LKQ Corporation（LKQ）财务数据对比。点击上方公司名可切换其他公司
LKQ Corporation的季度营收约是Chipotle Mexican Grill的1.0倍（$3.0B vs $3.0B），Chipotle Mexican Grill净利率更高（11.1% vs 2.2%，领先8.9%），Chipotle Mexican Grill同比增速更快（4.9% vs -9.2%），LKQ Corporation自由现金流更多（$274.0M vs $228.4M），过去两年Chipotle Mexican Grill的营收复合增速更高（5.1% vs -9.3%）
Chipotle Mexican Grill（常简称为Chipotle）是源自美国的跨国休闲快餐连锁品牌，主营现点现做的碗餐、塔可、墨西哥卷饼等风味餐食，餐品制作过程全程向顾客公开。截至2025年12月，品牌全球门店数量已达4000家，品牌名来源于纳瓦特尔语中烟熏干哈拉佩尼奥辣椒的称谓。
LKQ Corporation是来自美国的汽车及其他车辆替代性、特种零配件供应商，主营业务为各类车辆维修、改装所需的替换系统、组件、设备及零配件销售，服务覆盖乘用车、卡车、休闲车、性能车等多种车型，业务网络遍及北美、欧洲及中国台湾地区。
CMG vs LKQ — 直观对比
营收规模更大
LKQ
是对方的1.0倍
$3.0B
营收增速更快
CMG
高出14.1%
-9.2%
净利率更高
CMG
高出8.9%
2.2%
自由现金流更多
LKQ
多$45.6M
$228.4M
两年增速更快
CMG
近两年复合增速
-9.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $3.0B |
| 净利润 | $330.9M | $66.0M |
| 毛利率 | — | 37.2% |
| 营业利润率 | 14.1% | 3.9% |
| 净利率 | 11.1% | 2.2% |
| 营收同比 | 4.9% | -9.2% |
| 净利润同比 | -0.3% | -58.0% |
| 每股收益（稀释后） | $0.25 | $0.25 |
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CMGLKQ
| Q4 25 | $3.0B | $3.0B | ||
| Q3 25 | $3.0B | $3.5B | ||
| Q2 25 | $3.1B | $3.6B | ||
| Q1 25 | $2.9B | $3.5B | ||
| Q4 24 | $2.8B | $3.4B | ||
| Q3 24 | $2.8B | $3.6B | ||
| Q2 24 | $3.0B | $3.7B | ||
| Q1 24 | $2.7B | $3.7B |
净利润CMGLKQ
| Q4 25 | $330.9M | $66.0M | ||
| Q3 25 | $382.1M | $180.0M | ||
| Q2 25 | $436.1M | $193.0M | ||
| Q1 25 | $386.6M | $169.0M | ||
| Q4 24 | $331.8M | $157.0M | ||
| Q3 24 | $387.4M | $192.0M | ||
| Q2 24 | $455.7M | $186.0M | ||
| Q1 24 | $359.3M | $158.0M |
毛利率CMGLKQ
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 38.3% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 39.5% | ||
| Q3 24 | — | 38.9% | ||
| Q2 24 | — | 38.8% | ||
| Q1 24 | — | 39.2% |
营业利润率CMGLKQ
| Q4 25 | 14.1% | 3.9% | ||
| Q3 25 | 15.9% | 7.8% | ||
| Q2 25 | 18.2% | 8.6% | ||
| Q1 25 | 16.7% | 8.3% | ||
| Q4 24 | 14.6% | 8.1% | ||
| Q3 24 | 16.9% | 8.6% | ||
| Q2 24 | 19.7% | 8.9% | ||
| Q1 24 | 16.3% | 7.8% |
净利率CMGLKQ
| Q4 25 | 11.1% | 2.2% | ||
| Q3 25 | 12.7% | 5.1% | ||
| Q2 25 | 14.2% | 5.3% | ||
| Q1 25 | 13.4% | 4.9% | ||
| Q4 24 | 11.7% | 4.7% | ||
| Q3 24 | 13.9% | 5.4% | ||
| Q2 24 | 15.3% | 5.0% | ||
| Q1 24 | 13.3% | 4.3% |
每股收益（稀释后）CMGLKQ
| Q4 25 | $0.25 | $0.25 | ||
| Q3 25 | $0.29 | $0.70 | ||
| Q2 25 | $0.32 | $0.75 | ||
| Q1 25 | $0.28 | $0.65 | ||
| Q4 24 | $-12.51 | $0.60 | ||
| Q3 24 | $0.28 | $0.73 | ||
| Q2 24 | $0.33 | $0.70 | ||
| Q1 24 | $13.01 | $0.59 |
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 | $1.0B | $319.0M |
| 总债务越低越好 | $0 | — |
| 股东权益账面价值 | $2.8B | $6.5B |
| 总资产 | $9.0B | $15.1B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资CMGLKQ
| Q4 25 | $1.0B | $319.0M | ||
| Q3 25 | $1.4B | $289.0M | ||
| Q2 25 | $1.5B | $289.0M | ||
| Q1 25 | $1.4B | $227.0M | ||
| Q4 24 | $1.4B | $234.0M | ||
| Q3 24 | $1.4B | $353.0M | ||
| Q2 24 | $1.5B | $276.0M | ||
| Q1 24 | $1.4B | $344.0M |
总债务CMGLKQ
| Q4 25 | $0 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CMGLKQ
| Q4 25 | $2.8B | $6.5B | ||
| Q3 25 | $3.2B | $6.6B | ||
| Q2 25 | $3.5B | $6.5B | ||
| Q1 25 | $3.5B | $6.2B | ||
| Q4 24 | $3.7B | $6.0B | ||
| Q3 24 | $3.6B | $6.2B | ||
| Q2 24 | $3.7B | $6.1B | ||
| Q1 24 | $3.4B | $6.2B |
总资产CMGLKQ
| Q4 25 | $9.0B | $15.1B | ||
| Q3 25 | $9.3B | $15.6B | ||
| Q2 25 | $9.3B | $15.9B | ||
| Q1 25 | $9.0B | $15.5B | ||
| Q4 24 | $9.2B | $15.0B | ||
| Q3 24 | $9.0B | $15.5B | ||
| Q2 24 | $8.9B | $15.2B | ||
| Q1 24 | $8.4B | $15.3B |
负债/权益比CMGLKQ
| Q4 25 | 0.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $425.8M | $330.0M |
| 自由现金流经营现金流 - 资本支出 | $228.4M | $274.0M |
| 自由现金流率自由现金流/营收 | 7.7% | 9.0% |
| 资本支出强度资本支出/营收 | 6.6% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.29× | 5.00× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $847.0M |
8季度趋势，按日历期对齐
经营现金流CMGLKQ
| Q4 25 | $425.8M | $330.0M | ||
| Q3 25 | $569.7M | $440.0M | ||
| Q2 25 | $561.3M | $296.0M | ||
| Q1 25 | $557.1M | $-3.0M | ||
| Q4 24 | $526.8M | $235.0M | ||
| Q3 24 | $446.5M | $420.0M | ||
| Q2 24 | $562.6M | $213.0M | ||
| Q1 24 | $569.2M | $253.0M |
自由现金流CMGLKQ
| Q4 25 | $228.4M | $274.0M | ||
| Q3 25 | $406.2M | $387.0M | ||
| Q2 25 | $400.7M | $243.0M | ||
| Q1 25 | $412.3M | $-57.0M | ||
| Q4 24 | $353.9M | $149.0M | ||
| Q3 24 | $299.0M | $341.0M | ||
| Q2 24 | $422.1M | $133.0M | ||
| Q1 24 | $436.5M | $187.0M |
自由现金流率CMGLKQ
| Q4 25 | 7.7% | 9.0% | ||
| Q3 25 | 13.5% | 11.1% | ||
| Q2 25 | 13.1% | 6.7% | ||
| Q1 25 | 14.3% | -1.6% | ||
| Q4 24 | 12.4% | 4.4% | ||
| Q3 24 | 10.7% | 9.5% | ||
| Q2 24 | 14.2% | 3.6% | ||
| Q1 24 | 16.2% | 5.0% |
资本支出强度CMGLKQ
| Q4 25 | 6.6% | 1.8% | ||
| Q3 25 | 5.4% | 1.5% | ||
| Q2 25 | 5.2% | 1.5% | ||
| Q1 25 | 5.0% | 1.6% | ||
| Q4 24 | 6.1% | 2.6% | ||
| Q3 24 | 5.3% | 2.2% | ||
| Q2 24 | 4.7% | 2.2% | ||
| Q1 24 | 4.9% | 1.8% |
现金转化率CMGLKQ
| Q4 25 | 1.29× | 5.00× | ||
| Q3 25 | 1.49× | 2.44× | ||
| Q2 25 | 1.29× | 1.53× | ||
| Q1 25 | 1.44× | -0.02× | ||
| Q4 24 | 1.59× | 1.50× | ||
| Q3 24 | 1.15× | 2.19× | ||
| Q2 24 | 1.23× | 1.15× | ||
| Q1 24 | 1.58× | 1.60× |
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
CMG
| U.S.Segment | $2.9B | 98% |
| Chipotle Rewards | $46.1M | 2% |
| Delivery Service | $14.3M | 0% |
LKQ
| Partsand Services Domain | $1.3B | 42% |
| Other | $1.2B | 40% |
| DE | $463.0M | 15% |
| Other Revenue | $85.0M | 3% |
