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达美乐（DPZ）与First American Financial Corp（FAF）财务数据对比。点击上方公司名可切换其他公司
First American Financial Corp的季度营收约是达美乐的1.8倍（$2.0B vs $1.2B），达美乐净利率更高（12.2% vs 10.3%，领先1.8%），First American Financial Corp同比增速更快（21.6% vs 3.5%），First American Financial Corp自由现金流更多（$324.5M vs $147.0M），过去两年First American Financial Corp的营收复合增速更高（19.9% vs 3.0%）
达美乐是1960年成立的美国跨国披萨连锁品牌，注册地位于特拉华州，总部坐落在密歇根州安娜堡附近的安娜堡镇达美乐农场办公园区。截至2018年，品牌已在全球83个国家和地区的5701座城市开设约15000家门店，其中美国、印度、英国分别有5649家、1500家和1249家门店。
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
DPZ vs FAF — 直观对比
营收规模更大
FAF
是对方的1.8倍
$1.2B
营收增速更快
FAF
高出18.2%
3.5%
净利率更高
DPZ
高出1.8%
10.3%
自由现金流更多
FAF
多$177.5M
$147.0M
两年增速更快
FAF
近两年复合增速
3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.0B |
| 净利润 | $139.8M | $211.9M |
| 毛利率 | 40.4% | — |
| 营业利润率 | 20.0% | 14.0% |
| 净利率 | 12.2% | 10.3% |
| 营收同比 | 3.5% | 21.6% |
| 净利润同比 | -6.6% | 192.7% |
| 每股收益（稀释后） | $4.13 | $2.04 |
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DPZFAF
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.1B | $1.6B |
净利润DPZFAF
| Q1 26 | $139.8M | — | ||
| Q4 25 | — | $211.9M | ||
| Q3 25 | $139.3M | $189.6M | ||
| Q2 25 | $131.1M | $146.1M | ||
| Q1 25 | $149.7M | $74.2M | ||
| Q4 24 | $169.4M | $72.4M | ||
| Q3 24 | $146.9M | $-104.0M | ||
| Q2 24 | $142.0M | $116.0M |
毛利率DPZFAF
| Q1 26 | 40.4% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 40.1% | — | ||
| Q2 25 | 40.3% | — | ||
| Q1 25 | 39.8% | — | ||
| Q4 24 | 39.2% | — | ||
| Q3 24 | 39.2% | — | ||
| Q2 24 | 39.8% | — |
营业利润率DPZFAF
| Q1 26 | 20.0% | — | ||
| Q4 25 | — | 14.0% | ||
| Q3 25 | 19.5% | 12.5% | ||
| Q2 25 | 19.7% | 10.6% | ||
| Q1 25 | 18.9% | 6.1% | ||
| Q4 24 | 19.0% | 5.9% | ||
| Q3 24 | 18.4% | -10.3% | ||
| Q2 24 | 17.9% | 9.4% |
净利率DPZFAF
| Q1 26 | 12.2% | — | ||
| Q4 25 | — | 10.3% | ||
| Q3 25 | 12.1% | 9.6% | ||
| Q2 25 | 11.4% | 7.9% | ||
| Q1 25 | 13.5% | 4.7% | ||
| Q4 24 | 11.7% | 4.3% | ||
| Q3 24 | 13.6% | -7.4% | ||
| Q2 24 | 12.9% | 7.2% |
每股收益（稀释后）DPZFAF
| Q1 26 | $4.13 | — | ||
| Q4 25 | — | $2.04 | ||
| Q3 25 | $4.08 | $1.84 | ||
| Q2 25 | $3.81 | $1.41 | ||
| Q1 25 | $4.33 | $0.71 | ||
| Q4 24 | $4.89 | $0.70 | ||
| Q3 24 | $4.19 | $-1.00 | ||
| Q2 24 | $4.03 | $1.11 |
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 | $232.9M | $1.4B |
| 总债务越低越好 | $4.9B | — |
| 股东权益账面价值 | — | $5.5B |
| 总资产 | $1.8B | $16.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DPZFAF
| Q1 26 | $232.9M | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $139.7M | $2.9B | ||
| Q2 25 | $272.9M | $2.0B | ||
| Q1 25 | $304.3M | $2.0B | ||
| Q4 24 | $186.1M | $1.7B | ||
| Q3 24 | $189.1M | $3.0B | ||
| Q2 24 | $283.7M | $2.0B |
总债务DPZFAF
| Q1 26 | $4.9B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $5.0B | — |
股东权益DPZFAF
| Q1 26 | — | — | ||
| Q4 25 | — | $5.5B | ||
| Q3 25 | $-4.0B | $5.3B | ||
| Q2 25 | $-4.0B | $5.1B | ||
| Q1 25 | $-3.9B | $5.0B | ||
| Q4 24 | $-4.0B | $4.9B | ||
| Q3 24 | $-4.0B | $5.1B | ||
| Q2 24 | $-3.9B | $4.8B |
总资产DPZFAF
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $16.2B | ||
| Q3 25 | $1.7B | $17.6B | ||
| Q2 25 | $1.8B | $16.3B | ||
| Q1 25 | $1.9B | $15.5B | ||
| Q4 24 | $1.7B | $14.9B | ||
| Q3 24 | $1.8B | $16.6B | ||
| Q2 24 | $1.9B | $15.2B |
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 | $162.0M | $369.3M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $324.5M |
| 自由现金流率自由现金流/营收 | 12.8% | 15.8% |
| 资本支出强度资本支出/营收 | 1.3% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.16× | 1.74× |
| 过去12个月自由现金流最近4个季度 | $642.6M | $762.5M |
8季度趋势，按日历期对齐
经营现金流DPZFAF
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $369.3M | ||
| Q3 25 | $185.4M | $272.5M | ||
| Q2 25 | $187.8M | $361.8M | ||
| Q1 25 | $179.1M | $-52.8M | ||
| Q4 24 | $178.0M | $324.6M | ||
| Q3 24 | $172.7M | $236.9M | ||
| Q2 24 | $150.7M | $266.7M |
自由现金流DPZFAF
| Q1 26 | $147.0M | — | ||
| Q4 25 | — | $324.5M | ||
| Q3 25 | $164.0M | $223.1M | ||
| Q2 25 | $167.3M | $309.4M | ||
| Q1 25 | $164.3M | $-94.5M | ||
| Q4 24 | $135.9M | $266.2M | ||
| Q3 24 | $145.6M | $185.4M | ||
| Q2 24 | $127.2M | $210.0M |
自由现金流率DPZFAF
| Q1 26 | 12.8% | — | ||
| Q4 25 | — | 15.8% | ||
| Q3 25 | 14.3% | 11.3% | ||
| Q2 25 | 14.6% | 16.8% | ||
| Q1 25 | 14.8% | -6.0% | ||
| Q4 24 | 9.4% | 15.8% | ||
| Q3 24 | 13.5% | 13.2% | ||
| Q2 24 | 11.6% | 13.0% |
资本支出强度DPZFAF
| Q1 26 | 1.3% | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | 1.9% | 2.5% | ||
| Q2 25 | 1.8% | 2.8% | ||
| Q1 25 | 1.3% | 2.6% | ||
| Q4 24 | 2.9% | 3.5% | ||
| Q3 24 | 2.5% | 3.7% | ||
| Q2 24 | 2.1% | 3.5% |
现金转化率DPZFAF
| Q1 26 | 1.16× | — | ||
| Q4 25 | — | 1.74× | ||
| Q3 25 | 1.33× | 1.44× | ||
| Q2 25 | 1.43× | 2.48× | ||
| Q1 25 | 1.20× | -0.71× | ||
| Q4 24 | 1.05× | 4.48× | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.06× | 2.30× |
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
DPZ
| Supply chain | $699.0M | 61% |
| U.S. franchise royalties and fees | $158.0M | 14% |
| U.S. franchise advertising | $130.5M | 11% |
| U.S. Company-owned stores | $82.1M | 7% |
| International franchise royalties and fees | $81.0M | 7% |
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
