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Chipotle Mexican Grill（CMG）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Chipotle Mexican Grill的季度营收约是Primo Brands Corp的1.9倍（$3.0B vs $1.6B），Chipotle Mexican Grill净利率更高（11.1% vs -0.8%，领先11.9%），Chipotle Mexican Grill自由现金流更多（$228.4M vs $57.3M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
CMG vs PRMB — 直观对比
营收规模更大
CMG
是对方的1.9倍
$1.6B
净利率更高
CMG
高出11.9%
-0.8%
自由现金流更多
CMG
多$171.1M
$57.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $1.6B |
| 净利润 | $330.9M | $-13.0M |
| 毛利率 | — | 27.7% |
| 营业利润率 | 14.1% | 1.2% |
| 净利率 | 11.1% | -0.8% |
| 营收同比 | 4.9% | — |
| 净利润同比 | -0.3% | — |
| 每股收益（稀释后） | $0.25 | $-0.03 |
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CMGPRMB
| Q4 25 | $3.0B | $1.6B | ||
| Q3 25 | $3.0B | $1.8B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $2.9B | $1.6B | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.8B | $0 | ||
| Q2 24 | $3.0B | $1.3B | ||
| Q1 24 | $2.7B | $1.1B |
净利润CMGPRMB
| Q4 25 | $330.9M | $-13.0M | ||
| Q3 25 | $382.1M | $16.8M | ||
| Q2 25 | $436.1M | $27.6M | ||
| Q1 25 | $386.6M | $28.7M | ||
| Q4 24 | $331.8M | — | ||
| Q3 24 | $387.4M | $-2.0K | ||
| Q2 24 | $455.7M | $54.5M | ||
| Q1 24 | $359.3M | $33.5M |
毛利率CMGPRMB
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 32.7% | ||
| Q1 24 | — | 30.4% |
营业利润率CMGPRMB
| Q4 25 | 14.1% | 1.2% | ||
| Q3 25 | 15.9% | 8.3% | ||
| Q2 25 | 18.2% | 6.5% | ||
| Q1 25 | 16.7% | 9.5% | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | 19.7% | 12.1% | ||
| Q1 24 | 16.3% | 11.0% |
净利率CMGPRMB
| Q4 25 | 11.1% | -0.8% | ||
| Q3 25 | 12.7% | 1.0% | ||
| Q2 25 | 14.2% | 1.6% | ||
| Q1 25 | 13.4% | 1.8% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 13.9% | — | ||
| Q2 24 | 15.3% | 4.1% | ||
| Q1 24 | 13.3% | 2.9% |
每股收益（稀释后）CMGPRMB
| Q4 25 | $0.25 | $-0.03 | ||
| Q3 25 | $0.29 | $0.04 | ||
| Q2 25 | $0.32 | $0.07 | ||
| Q1 25 | $0.28 | $0.08 | ||
| Q4 24 | $-12.51 | — | ||
| Q3 24 | $0.28 | $-20.00 | ||
| Q2 24 | $0.33 | $0.25 | ||
| Q1 24 | $13.01 | $0.15 |
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 | $376.7M |
| 总债务越低越好 | $0 | $5.2B |
| 股东权益账面价值 | $2.8B | $3.0B |
| 总资产 | $9.0B | $10.6B |
| 负债/权益比越低杠杆越低 | 0.00× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资CMGPRMB
| Q4 25 | $1.0B | $376.7M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
总债务CMGPRMB
| Q4 25 | $0 | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CMGPRMB
| Q4 25 | $2.8B | $3.0B | ||
| Q3 25 | $3.2B | $3.2B | ||
| Q2 25 | $3.5B | $3.2B | ||
| Q1 25 | $3.5B | $3.3B | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.6B | $-2.0K | ||
| Q2 24 | $3.7B | $-296.8M | ||
| Q1 24 | $3.4B | $-349.8M |
总资产CMGPRMB
| Q4 25 | $9.0B | $10.6B | ||
| Q3 25 | $9.3B | $11.0B | ||
| Q2 25 | $9.3B | $11.0B | ||
| Q1 25 | $9.0B | $11.0B | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $9.0B | $0 | ||
| Q2 24 | $8.9B | — | ||
| Q1 24 | $8.4B | — |
负债/权益比CMGPRMB
| Q4 25 | 0.00× | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| 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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $228.4M | $57.3M |
| 自由现金流率自由现金流/营收 | 7.7% | 3.7% |
| 资本支出强度资本支出/营收 | 6.6% | 9.4% |
| 现金转化率经营现金流/净利润 | 1.29× | — |
| 过去12个月自由现金流最近4个季度 | $1.4B | $302.9M |
8季度趋势，按日历期对齐
经营现金流CMGPRMB
| Q4 25 | $425.8M | $203.1M | ||
| Q3 25 | $569.7M | $283.4M | ||
| Q2 25 | $561.3M | $155.0M | ||
| Q1 25 | $557.1M | $38.8M | ||
| Q4 24 | $526.8M | — | ||
| Q3 24 | $446.5M | $0 | ||
| Q2 24 | $562.6M | $102.5M | ||
| Q1 24 | $569.2M | $6.0M |
自由现金流CMGPRMB
| Q4 25 | $228.4M | $57.3M | ||
| Q3 25 | $406.2M | $167.7M | ||
| Q2 25 | $400.7M | $101.1M | ||
| Q1 25 | $412.3M | $-23.2M | ||
| Q4 24 | $353.9M | — | ||
| Q3 24 | $299.0M | — | ||
| Q2 24 | $422.1M | $61.4M | ||
| Q1 24 | $436.5M | $-17.5M |
自由现金流率CMGPRMB
| Q4 25 | 7.7% | 3.7% | ||
| Q3 25 | 13.5% | 9.5% | ||
| Q2 25 | 13.1% | 5.8% | ||
| Q1 25 | 14.3% | -1.4% | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 14.2% | 4.7% | ||
| Q1 24 | 16.2% | -1.5% |
资本支出强度CMGPRMB
| Q4 25 | 6.6% | 9.4% | ||
| Q3 25 | 5.4% | 6.6% | ||
| Q2 25 | 5.2% | 3.1% | ||
| Q1 25 | 5.0% | 3.8% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 4.7% | 3.1% | ||
| Q1 24 | 4.9% | 2.1% |
现金转化率CMGPRMB
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.49× | 16.87× | ||
| Q2 25 | 1.29× | 5.62× | ||
| Q1 25 | 1.44× | 1.35× | ||
| Q4 24 | 1.59× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 1.23× | 1.88× | ||
| Q1 24 | 1.58× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
