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Concentrix Corp（CNXC）与Restaurant Brands International Inc.（QSR）财务数据对比。点击上方公司名可切换其他公司
Concentrix Corp的季度营收约是Restaurant Brands International Inc.的1.0倍（$2.6B vs $2.5B），Restaurant Brands International Inc.净利率更高（6.3% vs -57.9%，领先64.2%），Restaurant Brands International Inc.同比增速更快（7.4% vs 4.3%），Restaurant Brands International Inc.自由现金流更多（$453.0M vs $281.2M），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% vs 3.1%）
Concentrix是总部位于美国加利福尼亚州纽瓦克的业务流程外包服务商，2006年起成为SYNNEX集团旗下子公司，2020年12月1日独立上市，2025年位列《财富》美国500强第426位，为全球客户提供专业的外包解决方案支持。
Restaurant Brands International（简称RBI）是美加合资的跨国快餐控股企业，2014年由汉堡王与加拿大咖啡连锁品牌蒂姆·霍顿斯以125亿美元合并成立，后续先后收购Popeyes、Firehouse Subs两大品牌，现为全球第五大快餐运营商，规模仅次于赛百味、麦当劳、星巴克和百胜餐饮。
CNXC vs QSR — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.5B |
| 净利润 | $-1.5B | $155.0M |
| 毛利率 | 34.3% | — |
| 营业利润率 | -54.1% | 25.2% |
| 净利率 | -57.9% | 6.3% |
| 营收同比 | 4.3% | 7.4% |
| 净利润同比 | -1379.2% | -57.1% |
| 每股收益（稀释后） | $-23.37 | $0.33 |
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
| Q4 25 | $2.6B | $2.5B | ||
| Q3 25 | $2.5B | $2.4B | ||
| Q2 25 | $2.4B | $2.4B | ||
| Q1 25 | $2.4B | $2.1B | ||
| Q4 24 | $2.4B | $2.3B | ||
| Q3 24 | $2.4B | $2.3B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.4B | $1.7B |
| Q4 25 | $-1.5B | $155.0M | ||
| Q3 25 | $88.1M | $436.0M | ||
| Q2 25 | $42.1M | $263.0M | ||
| Q1 25 | $70.3M | $221.0M | ||
| Q4 24 | $115.7M | $361.0M | ||
| Q3 24 | $16.6M | $357.0M | ||
| Q2 24 | $66.8M | $399.0M | ||
| Q1 24 | $52.1M | $328.0M |
| Q4 25 | 34.3% | — | ||
| Q3 25 | 34.4% | — | ||
| Q2 25 | 35.1% | — | ||
| Q1 25 | 36.1% | — | ||
| Q4 24 | 35.6% | — | ||
| Q3 24 | 36.2% | — | ||
| Q2 24 | 36.0% | — | ||
| Q1 24 | 35.6% | 65.2% |
| Q4 25 | -54.1% | 25.2% | ||
| Q3 25 | 5.9% | 27.1% | ||
| Q2 25 | 6.1% | 20.0% | ||
| Q1 25 | 7.1% | 20.6% | ||
| Q4 24 | 5.9% | 27.7% | ||
| Q3 24 | 6.4% | 25.2% | ||
| Q2 24 | 6.3% | 31.9% | ||
| Q1 24 | 6.2% | 31.3% |
| Q4 25 | -57.9% | 6.3% | ||
| Q3 25 | 3.5% | 17.8% | ||
| Q2 25 | 1.7% | 10.9% | ||
| Q1 25 | 3.0% | 10.5% | ||
| Q4 24 | 4.7% | 15.7% | ||
| Q3 24 | 0.7% | 15.6% | ||
| Q2 24 | 2.8% | 19.2% | ||
| Q1 24 | 2.2% | 18.9% |
| Q4 25 | $-23.37 | $0.33 | ||
| Q3 25 | $1.34 | $0.96 | ||
| Q2 25 | $0.63 | $0.57 | ||
| Q1 25 | $1.04 | $0.49 | ||
| Q4 24 | $1.72 | $0.79 | ||
| Q3 24 | $0.25 | $0.79 | ||
| Q2 24 | $0.98 | $0.88 | ||
| Q1 24 | $0.76 | $0.72 |
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 | $327.3M | — |
| 总债务越低越好 | $4.6B | $13.3B |
| 股东权益账面价值 | $2.7B | $3.6B |
| 总资产 | $10.8B | $25.6B |
| 负债/权益比越低杠杆越低 | 1.67× | 3.65× |
8季度趋势，按日历期对齐
| Q4 25 | $327.3M | — | ||
| Q3 25 | $350.3M | — | ||
| Q2 25 | $342.8M | — | ||
| Q1 25 | $308.0M | — | ||
| Q4 24 | $240.6M | — | ||
| Q3 24 | $246.2M | — | ||
| Q2 24 | $207.3M | — | ||
| Q1 24 | $234.8M | — |
| Q4 25 | $4.6B | $13.3B | ||
| Q3 25 | $4.8B | $13.5B | ||
| Q2 25 | $4.9B | $13.6B | ||
| Q1 25 | $4.9B | $13.6B | ||
| Q4 24 | $4.7B | $13.6B | ||
| Q3 24 | $4.9B | $13.7B | ||
| Q2 24 | $4.9B | $13.7B | ||
| Q1 24 | $5.0B | $12.9B |
| Q4 25 | $2.7B | $3.6B | ||
| Q3 25 | $4.3B | $3.4B | ||
| Q2 25 | $4.3B | $3.3B | ||
| Q1 25 | $4.0B | $3.1B | ||
| Q4 24 | $4.0B | $3.1B | ||
| Q3 24 | $4.2B | $3.2B | ||
| Q2 24 | $4.1B | $3.1B | ||
| Q1 24 | $4.1B | $3.0B |
| Q4 25 | $10.8B | $25.6B | ||
| Q3 25 | $12.4B | $25.7B | ||
| Q2 25 | $12.4B | $25.7B | ||
| Q1 25 | $11.9B | $24.9B | ||
| Q4 24 | $12.0B | $24.6B | ||
| Q3 24 | $12.2B | $25.1B | ||
| Q2 24 | $12.1B | $24.8B | ||
| Q1 24 | $12.2B | $23.1B |
| Q4 25 | 1.67× | 3.65× | ||
| Q3 25 | 1.10× | 3.99× | ||
| Q2 25 | 1.14× | 4.10× | ||
| Q1 25 | 1.22× | 4.37× | ||
| Q4 24 | 1.17× | 4.39× | ||
| Q3 24 | 1.18× | 4.22× | ||
| Q2 24 | 1.21× | 4.46× | ||
| Q1 24 | 1.23× | 4.35× |
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 | $344.2M | $555.0M |
| 自由现金流经营现金流 - 资本支出 | $281.2M | $453.0M |
| 自由现金流率自由现金流/营收 | 11.0% | 18.4% |
| 资本支出强度资本支出/营收 | 2.5% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 3.58× |
| 过去12个月自由现金流最近4个季度 | $572.5M | $1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $344.2M | $555.0M | ||
| Q3 25 | $224.8M | $592.0M | ||
| Q2 25 | $236.5M | $449.0M | ||
| Q1 25 | $1.4M | $118.0M | ||
| Q4 24 | $284.4M | $481.0M | ||
| Q3 24 | $191.6M | $540.0M | ||
| Q2 24 | $238.3M | $334.0M | ||
| Q1 24 | $-46.9M | $148.0M |
| Q4 25 | $281.2M | $453.0M | ||
| Q3 25 | $159.7M | $531.0M | ||
| Q2 25 | $180.7M | $411.0M | ||
| Q1 25 | $-49.2M | $54.0M | ||
| Q4 24 | $224.5M | $404.0M | ||
| Q3 24 | $128.9M | $485.0M | ||
| Q2 24 | $178.3M | $291.0M | ||
| Q1 24 | $-102.9M | $122.0M |
| Q4 25 | 11.0% | 18.4% | ||
| Q3 25 | 6.4% | 21.7% | ||
| Q2 25 | 7.5% | 17.1% | ||
| Q1 25 | -2.1% | 2.6% | ||
| Q4 24 | 9.2% | 17.6% | ||
| Q3 24 | 5.4% | 21.2% | ||
| Q2 24 | 7.5% | 14.0% | ||
| Q1 24 | -4.3% | 7.0% |
| Q4 25 | 2.5% | 4.1% | ||
| Q3 25 | 2.6% | 2.5% | ||
| Q2 25 | 2.3% | 1.6% | ||
| Q1 25 | 2.1% | 3.0% | ||
| Q4 24 | 2.4% | 3.4% | ||
| Q3 24 | 2.6% | 2.4% | ||
| Q2 24 | 2.5% | 2.1% | ||
| Q1 24 | 2.3% | 1.5% |
| Q4 25 | — | 3.58× | ||
| Q3 25 | 2.55× | 1.36× | ||
| Q2 25 | 5.62× | 1.71× | ||
| Q1 25 | 0.02× | 0.53× | ||
| Q4 24 | 2.46× | 1.33× | ||
| Q3 24 | 11.52× | 1.51× | ||
| Q2 24 | 3.57× | 0.84× | ||
| Q1 24 | -0.90× | 0.45× |
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
CNXC
| Technology And Consumer Electronics | $675.1M | 26% |
| Retail Travel And Ecommerce | $643.4M | 25% |
| Communications And Media | $417.2M | 16% |
| Banking Financial Services And Insurance | $402.6M | 16% |
| Other Industries | $229.7M | 9% |
| Other | $185.0M | 7% |
QSR
| CA | $1.0B | 41% |
| Other | $330.0M | 13% |
| Advertising | $308.0M | 12% |
| Others | $284.0M | 12% |
| Popeyes Louisiana Kitchen | $195.0M | 8% |
| Burger King | $185.0M | 8% |
| Royalty | $87.0M | 4% |
| Firehouse Subs | $59.0M | 2% |
| Franchisor | $7.0M | 0% |
