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Chipotle Mexican Grill（CMG）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
史丹利百得的季度营收约是Chipotle Mexican Grill的1.3倍（$3.8B vs $3.0B），Chipotle Mexican Grill净利率更高（11.1% vs 1.4%，领先9.7%），Chipotle Mexican Grill同比增速更快（4.9% vs 0.1%），Chipotle Mexican Grill自由现金流更多（$228.4M vs $155.3M），过去两年Chipotle Mexican Grill的营收复合增速更高（5.1% vs 0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
CMG vs SWK — 直观对比
营收规模更大
SWK
是对方的1.3倍
$3.0B
营收增速更快
CMG
高出4.7%
0.1%
净利率更高
CMG
高出9.7%
1.4%
自由现金流更多
CMG
多$73.1M
$155.3M
两年增速更快
CMG
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $3.8B |
| 净利润 | $330.9M | $51.4M |
| 毛利率 | — | 31.4% |
| 营业利润率 | 14.1% | — |
| 净利率 | 11.1% | 1.4% |
| 营收同比 | 4.9% | 0.1% |
| 净利润同比 | -0.3% | -43.6% |
| 每股收益（稀释后） | $0.25 | $0.34 |
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CMGSWK
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.0B | $3.8B | ||
| Q2 25 | $3.1B | $3.9B | ||
| Q1 25 | $2.9B | $3.7B | ||
| Q4 24 | $2.8B | $3.7B | ||
| Q3 24 | $2.8B | $3.8B | ||
| Q2 24 | $3.0B | $4.0B | ||
| Q1 24 | $2.7B | $3.9B |
净利润CMGSWK
| Q4 25 | $330.9M | — | ||
| Q3 25 | $382.1M | $51.4M | ||
| Q2 25 | $436.1M | $101.9M | ||
| Q1 25 | $386.6M | $90.4M | ||
| Q4 24 | $331.8M | $194.9M | ||
| Q3 24 | $387.4M | $91.1M | ||
| Q2 24 | $455.7M | $-11.2M | ||
| Q1 24 | $359.3M | $19.5M |
毛利率CMGSWK
| Q4 25 | — | — | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 27.0% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 30.8% | ||
| Q3 24 | — | 29.9% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 28.6% |
营业利润率CMGSWK
| Q4 25 | 14.1% | — | ||
| Q3 25 | 15.9% | — | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 16.7% | — | ||
| Q4 24 | 14.6% | 3.4% | ||
| Q3 24 | 16.9% | 10.6% | ||
| Q2 24 | 19.7% | 9.5% | ||
| Q1 24 | 16.3% | 8.3% |
净利率CMGSWK
| Q4 25 | 11.1% | — | ||
| Q3 25 | 12.7% | 1.4% | ||
| Q2 25 | 14.2% | 2.6% | ||
| Q1 25 | 13.4% | 2.4% | ||
| Q4 24 | 11.7% | 5.2% | ||
| Q3 24 | 13.9% | 2.4% | ||
| Q2 24 | 15.3% | -0.3% | ||
| Q1 24 | 13.3% | 0.5% |
每股收益（稀释后）CMGSWK
| Q4 25 | $0.25 | — | ||
| Q3 25 | $0.29 | $0.34 | ||
| Q2 25 | $0.32 | $0.67 | ||
| Q1 25 | $0.28 | $0.60 | ||
| Q4 24 | $-12.51 | $1.29 | ||
| Q3 24 | $0.28 | $0.60 | ||
| Q2 24 | $0.33 | $-0.07 | ||
| Q1 24 | $13.01 | $0.13 |
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 | $268.3M |
| 总债务越低越好 | $0 | $5.3B |
| 股东权益账面价值 | $2.8B | $9.0B |
| 总资产 | $9.0B | $21.8B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资CMGSWK
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.4B | $268.3M | ||
| Q2 25 | $1.5B | $311.8M | ||
| Q1 25 | $1.4B | $344.8M | ||
| Q4 24 | $1.4B | $290.5M | ||
| Q3 24 | $1.4B | $298.7M | ||
| Q2 24 | $1.5B | $318.5M | ||
| Q1 24 | $1.4B | $476.6M |
总债务CMGSWK
| Q4 25 | $0 | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | $0 | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.1B |
股东权益CMGSWK
| Q4 25 | $2.8B | — | ||
| Q3 25 | $3.2B | $9.0B | ||
| Q2 25 | $3.5B | $9.1B | ||
| Q1 25 | $3.5B | $8.8B | ||
| Q4 24 | $3.7B | $8.7B | ||
| Q3 24 | $3.6B | $8.9B | ||
| Q2 24 | $3.7B | $8.7B | ||
| Q1 24 | $3.4B | $8.9B |
总资产CMGSWK
| Q4 25 | $9.0B | — | ||
| Q3 25 | $9.3B | $21.8B | ||
| Q2 25 | $9.3B | $22.5B | ||
| Q1 25 | $9.0B | $22.5B | ||
| Q4 24 | $9.2B | $21.8B | ||
| Q3 24 | $9.0B | $22.5B | ||
| Q2 24 | $8.9B | $22.5B | ||
| Q1 24 | $8.4B | $23.9B |
负债/权益比CMGSWK
| Q4 25 | 0.00× | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | 0.00× | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.69× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $228.4M | $155.3M |
| 自由现金流率自由现金流/营收 | 7.7% | 4.1% |
| 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× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $369.6M |
8季度趋势，按日历期对齐
经营现金流CMGSWK
| Q4 25 | $425.8M | — | ||
| Q3 25 | $569.7M | $221.2M | ||
| Q2 25 | $561.3M | $214.3M | ||
| Q1 25 | $557.1M | $-420.0M | ||
| Q4 24 | $526.8M | $679.1M | ||
| Q3 24 | $446.5M | $285.8M | ||
| Q2 24 | $562.6M | $573.0M | ||
| Q1 24 | $569.2M | $-431.0M |
自由现金流CMGSWK
| Q4 25 | $228.4M | — | ||
| Q3 25 | $406.2M | $155.3M | ||
| Q2 25 | $400.7M | $134.7M | ||
| Q1 25 | $412.3M | $-485.0M | ||
| Q4 24 | $353.9M | $564.6M | ||
| Q3 24 | $299.0M | $199.3M | ||
| Q2 24 | $422.1M | $485.8M | ||
| Q1 24 | $436.5M | $-496.7M |
自由现金流率CMGSWK
| Q4 25 | 7.7% | — | ||
| Q3 25 | 13.5% | 4.1% | ||
| Q2 25 | 13.1% | 3.4% | ||
| Q1 25 | 14.3% | -13.0% | ||
| Q4 24 | 12.4% | 15.2% | ||
| Q3 24 | 10.7% | 5.3% | ||
| Q2 24 | 14.2% | 12.1% | ||
| Q1 24 | 16.2% | -12.8% |
资本支出强度CMGSWK
| Q4 25 | 6.6% | — | ||
| Q3 25 | 5.4% | 1.8% | ||
| Q2 25 | 5.2% | 2.0% | ||
| Q1 25 | 5.0% | 1.7% | ||
| Q4 24 | 6.1% | 3.1% | ||
| Q3 24 | 5.3% | 2.3% | ||
| Q2 24 | 4.7% | 2.2% | ||
| Q1 24 | 4.9% | 1.7% |
现金转化率CMGSWK
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.49× | 4.30× | ||
| Q2 25 | 1.29× | 2.10× | ||
| Q1 25 | 1.44× | -4.65× | ||
| Q4 24 | 1.59× | 3.48× | ||
| Q3 24 | 1.15× | 3.14× | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | 1.58× | -22.10× |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
