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CSX Corporation（CSX）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
CSX Corporation的季度营收约是Restaurant Brands International Inc.的1.4倍（$3.5B vs $2.5B），CSX Corporation净利率更高（23.2% vs 6.3%，领先16.9%），Restaurant Brands International Inc.同比增速更快（7.4% vs 1.7%），CSX Corporation自由现金流更多（$793.0M vs $453.0M），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% vs -3.0%）
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
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。
CSX vs QSR — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $2.5B |
| 净利润 | $807.0M | $155.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.9% | 25.2% |
| 净利率 | 23.2% | 6.3% |
| 营收同比 | 1.7% | 7.4% |
| 净利润同比 | 401.2% | -57.1% |
| 每股收益（稀释后） | — | $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
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $2.5B | ||
| Q3 25 | $3.6B | $2.4B | ||
| Q2 25 | $3.6B | $2.4B | ||
| Q1 25 | $3.4B | $2.1B | ||
| Q4 24 | $3.5B | $2.3B | ||
| Q3 24 | $3.6B | $2.3B | ||
| Q2 24 | $3.7B | $2.1B |
| Q1 26 | $807.0M | — | ||
| Q4 25 | $720.0M | $155.0M | ||
| Q3 25 | $694.0M | $436.0M | ||
| Q2 25 | $829.0M | $263.0M | ||
| Q1 25 | $646.0M | $221.0M | ||
| Q4 24 | $720.0M | $361.0M | ||
| Q3 24 | $894.0M | $357.0M | ||
| Q2 24 | $963.0M | $399.0M |
| Q1 26 | 29.9% | — | ||
| Q4 25 | 31.6% | 25.2% | ||
| Q3 25 | 30.3% | 27.1% | ||
| Q2 25 | 35.9% | 20.0% | ||
| Q1 25 | 30.4% | 20.6% | ||
| Q4 24 | 30.8% | 27.7% | ||
| Q3 24 | 37.4% | 25.2% | ||
| Q2 24 | 39.1% | 31.9% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 20.5% | 6.3% | ||
| Q3 25 | 19.3% | 17.8% | ||
| Q2 25 | 23.2% | 10.9% | ||
| Q1 25 | 18.9% | 10.5% | ||
| Q4 24 | 20.3% | 15.7% | ||
| Q3 24 | 24.7% | 15.6% | ||
| Q2 24 | 26.0% | 19.2% |
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | $0.33 | ||
| Q3 25 | $0.37 | $0.96 | ||
| Q2 25 | $0.44 | $0.57 | ||
| Q1 25 | $0.34 | $0.49 | ||
| Q4 24 | $0.38 | $0.79 | ||
| Q3 24 | $0.46 | $0.79 | ||
| Q2 24 | $0.49 | $0.88 |
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 | $1.1B | — |
| 总债务越低越好 | $18.9B | $13.3B |
| 股东权益账面价值 | $13.6B | $3.6B |
| 总资产 | $44.2B | $25.6B |
| 负债/权益比越低杠杆越低 | 1.39× | 3.65× |
8季度趋势，按日历期对齐
| Q1 26 | $1.1B | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $72.0M | — | ||
| Q3 24 | $12.0M | — | ||
| Q2 24 | $4.0M | — |
| Q1 26 | $18.9B | — | ||
| Q4 25 | $18.2B | $13.3B | ||
| Q3 25 | $18.6B | $13.5B | ||
| Q2 25 | $18.6B | $13.6B | ||
| Q1 25 | $18.5B | $13.6B | ||
| Q4 24 | $17.9B | $13.6B | ||
| Q3 24 | $18.5B | $13.7B | ||
| Q2 24 | $18.0B | $13.7B |
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.2B | $3.6B | ||
| Q3 25 | $12.8B | $3.4B | ||
| Q2 25 | $12.4B | $3.3B | ||
| Q1 25 | $12.2B | $3.1B | ||
| Q4 24 | $12.5B | $3.1B | ||
| Q3 24 | $12.9B | $3.2B | ||
| Q2 24 | $12.6B | $3.1B |
| Q1 26 | $44.2B | — | ||
| Q4 25 | $43.7B | $25.6B | ||
| Q3 25 | $43.3B | $25.7B | ||
| Q2 25 | $42.9B | $25.7B | ||
| Q1 25 | $43.2B | $24.9B | ||
| Q4 24 | $42.8B | $24.6B | ||
| Q3 24 | $43.1B | $25.1B | ||
| Q2 24 | $42.4B | $24.8B |
| Q1 26 | 1.39× | — | ||
| Q4 25 | 1.38× | 3.65× | ||
| Q3 25 | 1.45× | 3.99× | ||
| Q2 25 | 1.50× | 4.10× | ||
| Q1 25 | 1.52× | 4.37× | ||
| Q4 24 | 1.43× | 4.39× | ||
| Q3 24 | 1.43× | 4.22× | ||
| Q2 24 | 1.42× | 4.46× |
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 | $1.3B | $555.0M |
| 自由现金流经营现金流 - 资本支出 | $793.0M | $453.0M |
| 自由现金流率自由现金流/营收 | 22.8% | 18.4% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 现金转化率经营现金流/净利润 | 1.58× | 3.58× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $1.4B |
8季度趋势，按日历期对齐
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | $555.0M | ||
| Q3 25 | $1.3B | $592.0M | ||
| Q2 25 | $635.0M | $449.0M | ||
| Q1 25 | $1.3B | $118.0M | ||
| Q4 24 | $1.4B | $481.0M | ||
| Q3 24 | $1.7B | $540.0M | ||
| Q2 24 | $1.1B | $334.0M |
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | $453.0M | ||
| Q3 25 | $607.0M | $531.0M | ||
| Q2 25 | $-141.0M | $411.0M | ||
| Q1 25 | $536.0M | $54.0M | ||
| Q4 24 | $550.0M | $404.0M | ||
| Q3 24 | $1.1B | $485.0M | ||
| Q2 24 | $547.0M | $291.0M |
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | 18.4% | ||
| Q3 25 | 16.9% | 21.7% | ||
| Q2 25 | -3.9% | 17.1% | ||
| Q1 25 | 15.7% | 2.6% | ||
| Q4 24 | 15.5% | 17.6% | ||
| Q3 24 | 29.3% | 21.2% | ||
| Q2 24 | 14.8% | 14.0% |
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 4.1% | ||
| Q3 25 | 20.4% | 2.5% | ||
| Q2 25 | 21.7% | 1.6% | ||
| Q1 25 | 21.0% | 3.0% | ||
| Q4 24 | 23.7% | 3.4% | ||
| Q3 24 | 17.3% | 2.4% | ||
| Q2 24 | 14.6% | 2.1% |
| Q1 26 | 1.58× | — | ||
| Q4 25 | 1.93× | 3.58× | ||
| Q3 25 | 1.93× | 1.36× | ||
| Q2 25 | 0.77× | 1.71× | ||
| Q1 25 | 1.94× | 0.53× | ||
| Q4 24 | 1.93× | 1.33× | ||
| Q3 24 | 1.89× | 1.51× | ||
| Q2 24 | 1.13× | 0.84× |
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
CSX
暂无分部数据
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% |
