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Cannae Holdings, Inc.（CNNE）与Wendy's Co（WEN）财务数据对比。点击上方公司名可切换其他公司
Wendy's Co的季度营收约是Cannae Holdings, Inc.的5.3倍（$543.0M vs $103.3M）。Wendy's Co净利率更高（4.9% vs -90.0%，领先94.9%）。Wendy's Co同比增速更快（-5.5% vs -6.0%）。Wendy's Co自由现金流更多（$31.4M vs $12.0M）。过去两年Wendy's Co的营收复合增速更高（0.8% vs -3.4%）
Cannae Holdings是一家多元化控股企业，核心市场为美国，主要投资和运营金融服务、餐饮酒店、科技、医疗健康等领域的企业，通过主动的投资组合管理和战略运营支持为利益相关方创造长期价值。
温蒂公司是美国知名快餐企业，是温蒂汉堡及First Kitchen的母公司，前身为Deisel-Wemmer公司，总部位于俄亥俄州都柏林。旗下核心子公司温蒂国际是温蒂汉堡餐厅的特许经营授权方，在全球快餐市场拥有较高的品牌辨识度。
CNNE vs WEN — 直观对比
营收规模更大
WEN
是对方的5.3倍
$103.3M
营收增速更快
WEN
高出0.6%
-6.0%
净利率更高
WEN
高出94.9%
-90.0%
自由现金流更多
WEN
多$19.4M
$12.0M
两年增速更快
WEN
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $103.3M | $543.0M |
| 净利润 | $-93.0M | $26.5M |
| 毛利率 | 15.2% | 62.7% |
| 营业利润率 | -23.3% | 11.8% |
| 净利率 | -90.0% | 4.9% |
| 营收同比 | -6.0% | -5.5% |
| 净利润同比 | -101.7% | -44.2% |
| 每股收益（稀释后） | $-2.09 | $0.14 |
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CNNEWEN
| Q4 25 | $103.3M | $543.0M | ||
| Q3 25 | $106.9M | $549.5M | ||
| Q2 25 | $110.2M | $560.9M | ||
| Q1 25 | $103.2M | $523.5M | ||
| Q4 24 | $109.9M | $574.3M | ||
| Q3 24 | $113.9M | $566.7M | ||
| Q2 24 | $118.0M | $570.7M | ||
| Q1 24 | $110.7M | $534.8M |
净利润CNNEWEN
| Q4 25 | $-93.0M | $26.5M | ||
| Q3 25 | $-68.4M | $44.3M | ||
| Q2 25 | $-238.8M | $55.1M | ||
| Q1 25 | $-113.0M | $39.2M | ||
| Q4 24 | $-46.1M | $47.5M | ||
| Q3 24 | $-13.6M | $50.2M | ||
| Q2 24 | $-155.0M | $54.6M | ||
| Q1 24 | $-89.9M | $42.0M |
毛利率CNNEWEN
| Q4 25 | 15.2% | 62.7% | ||
| Q3 25 | 17.1% | 62.8% | ||
| Q2 25 | 17.6% | 65.0% | ||
| Q1 25 | 11.8% | 64.1% | ||
| Q4 24 | 16.4% | 65.9% | ||
| Q3 24 | 18.3% | 65.5% | ||
| Q2 24 | 21.9% | 65.0% | ||
| Q1 24 | 14.9% | 64.1% |
营业利润率CNNEWEN
| Q4 25 | -23.3% | 11.8% | ||
| Q3 25 | -12.3% | 16.8% | ||
| Q2 25 | -55.3% | 18.6% | ||
| Q1 25 | -20.7% | 15.9% | ||
| Q4 24 | -20.0% | 16.7% | ||
| Q3 24 | -15.9% | 16.7% | ||
| Q2 24 | -19.5% | 17.4% | ||
| Q1 24 | -36.7% | 15.2% |
净利率CNNEWEN
| Q4 25 | -90.0% | 4.9% | ||
| Q3 25 | -64.0% | 8.1% | ||
| Q2 25 | -216.7% | 9.8% | ||
| Q1 25 | -109.5% | 7.5% | ||
| Q4 24 | -41.9% | 8.3% | ||
| Q3 24 | -11.9% | 8.9% | ||
| Q2 24 | -131.4% | 9.6% | ||
| Q1 24 | -81.2% | 7.9% |
每股收益（稀释后）CNNEWEN
| Q4 25 | $-2.09 | $0.14 | ||
| Q3 25 | $-1.25 | $0.23 | ||
| Q2 25 | $-3.93 | $0.29 | ||
| Q1 25 | $-1.81 | $0.19 | ||
| Q4 24 | $-0.75 | $0.23 | ||
| Q3 24 | $-0.22 | $0.25 | ||
| Q2 24 | $-2.49 | $0.27 | ||
| Q1 24 | $-1.27 | $0.20 |
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 | $182.0M | $300.8M |
| 总债务越低越好 | $70.8M | $2.8B |
| 股东权益账面价值 | $1.0B | $117.4M |
| 总资产 | $1.3B | $5.0B |
| 负债/权益比越低杠杆越低 | 0.07× | 23.51× |
8季度趋势，按日历期对齐
现金及短期投资CNNEWEN
| Q4 25 | $182.0M | $300.8M | ||
| Q3 25 | $233.8M | $291.4M | ||
| Q2 25 | $66.7M | $281.2M | ||
| Q1 25 | $126.2M | $335.3M | ||
| Q4 24 | $131.5M | $450.5M | ||
| Q3 24 | — | $482.2M | ||
| Q2 24 | — | $465.5M | ||
| Q1 24 | — | $498.3M |
总债务CNNEWEN
| Q4 25 | $70.8M | $2.8B | ||
| Q3 25 | $68.6M | $2.7B | ||
| Q2 25 | $168.4M | $2.7B | ||
| Q1 25 | $170.6M | $2.7B | ||
| Q4 24 | $181.0M | $2.7B | ||
| Q3 24 | $181.2M | — | ||
| Q2 24 | $78.2M | — | ||
| Q1 24 | $79.3M | — |
股东权益CNNEWEN
| Q4 25 | $1.0B | $117.4M | ||
| Q3 25 | $1.2B | $109.2M | ||
| Q2 25 | $1.4B | $112.9M | ||
| Q1 25 | $1.7B | $130.2M | ||
| Q4 24 | $1.8B | $259.4M | ||
| Q3 24 | $1.9B | $259.9M | ||
| Q2 24 | $1.9B | $273.8M | ||
| Q1 24 | $2.3B | $293.7M |
总资产CNNEWEN
| Q4 25 | $1.3B | $5.0B | ||
| Q3 25 | $1.5B | $5.0B | ||
| Q2 25 | $1.8B | $4.9B | ||
| Q1 25 | $2.1B | $4.9B | ||
| Q4 24 | $2.2B | $5.0B | ||
| Q3 24 | $2.3B | $5.1B | ||
| Q2 24 | $2.2B | $5.1B | ||
| Q1 24 | $2.6B | $5.2B |
负债/权益比CNNEWEN
| Q4 25 | 0.07× | 23.51× | ||
| Q3 25 | 0.06× | 24.95× | ||
| Q2 25 | 0.12× | 24.18× | ||
| Q1 25 | 0.10× | 21.00× | ||
| Q4 24 | 0.10× | 10.57× | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.03× | — |
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 | $16.0M | $69.3M |
| 自由现金流经营现金流 - 资本支出 | $12.0M | $31.4M |
| 自由现金流率自由现金流/营收 | 11.6% | 5.8% |
| 资本支出强度资本支出/营收 | 3.9% | 7.0% |
| 现金转化率经营现金流/净利润 | — | 2.62× |
| 过去12个月自由现金流最近4个季度 | $-28.5M | $242.6M |
8季度趋势，按日历期对齐
经营现金流CNNEWEN
| Q4 25 | $16.0M | $69.3M | ||
| Q3 25 | $-21.6M | $129.3M | ||
| Q2 25 | $-21.6M | $60.6M | ||
| Q1 25 | $9.1M | $85.4M | ||
| Q4 24 | $-12.0M | $68.6M | ||
| Q3 24 | $-31.9M | $141.2M | ||
| Q2 24 | $-10.2M | $45.5M | ||
| Q1 24 | $-36.0M | $100.0M |
自由现金流CNNEWEN
| Q4 25 | $12.0M | $31.4M | ||
| Q3 25 | $-24.1M | $104.3M | ||
| Q2 25 | $-23.6M | $39.2M | ||
| Q1 25 | $7.2M | $67.7M | ||
| Q4 24 | $-14.4M | $26.6M | ||
| Q3 24 | $-33.6M | $123.3M | ||
| Q2 24 | $-11.8M | $28.4M | ||
| Q1 24 | $-37.3M | $82.6M |
自由现金流率CNNEWEN
| Q4 25 | 11.6% | 5.8% | ||
| Q3 25 | -22.5% | 19.0% | ||
| Q2 25 | -21.4% | 7.0% | ||
| Q1 25 | 7.0% | 12.9% | ||
| Q4 24 | -13.1% | 4.6% | ||
| Q3 24 | -29.5% | 21.8% | ||
| Q2 24 | -10.0% | 5.0% | ||
| Q1 24 | -33.7% | 15.5% |
资本支出强度CNNEWEN
| Q4 25 | 3.9% | 7.0% | ||
| Q3 25 | 2.3% | 4.5% | ||
| Q2 25 | 1.8% | 3.8% | ||
| Q1 25 | 1.8% | 3.4% | ||
| Q4 24 | 2.2% | 7.3% | ||
| Q3 24 | 1.5% | 3.2% | ||
| Q2 24 | 1.4% | 3.0% | ||
| Q1 24 | 1.2% | 3.2% |
现金转化率CNNEWEN
| Q4 25 | — | 2.62× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 2.18× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 2.81× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | 2.38× |
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
CNNE
| Reportable Segment Aggregation Before Other Operating Segment | $94.9M | 92% |
| Other Operating Revenue | $8.4M | 8% |
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
