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达美乐（DPZ）与PORTLAND GENERAL ELECTRIC CO（POR）财务数据对比。点击上方公司名可切换其他公司
达美乐的季度营收约是PORTLAND GENERAL ELECTRIC CO的1.3倍（$1.2B vs $889.0M），达美乐净利率更高（12.2% vs 4.6%，领先7.5%），PORTLAND GENERAL ELECTRIC CO同比增速更快（7.9% vs 3.5%），达美乐自由现金流更多（$147.0M vs $-142.0M），过去两年达美乐的营收复合增速更高（3.0% vs -2.2%）
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。
波特兰通用电气（简称PGE）是财富1000强上市能源企业，总部位于美国俄勒冈州波特兰，业务覆盖发电、输电、配电全链路，为俄勒冈州近三分之二的工商业活动提供电力服务，受俄勒冈州公用事业委员会监管，前身为1888年成立的威拉米特瀑布电气公司。
DPZ vs POR — 直观对比
营收规模更大
DPZ
是对方的1.3倍
$889.0M
营收增速更快
POR
高出4.4%
3.5%
净利率更高
DPZ
高出7.5%
4.6%
自由现金流更多
DPZ
多$289.0M
$-142.0M
两年增速更快
DPZ
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $889.0M |
| 净利润 | $139.8M | $41.0M |
| 毛利率 | 40.4% | — |
| 营业利润率 | 20.0% | 10.7% |
| 净利率 | 12.2% | 4.6% |
| 营收同比 | 3.5% | 7.9% |
| 净利润同比 | -6.6% | 7.9% |
| 每股收益（稀释后） | $4.13 | $0.36 |
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DPZPOR
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $889.0M | ||
| Q3 25 | $1.1B | $952.0M | ||
| Q2 25 | $1.1B | $807.0M | ||
| Q1 25 | $1.1B | $928.0M | ||
| Q4 24 | $1.4B | $824.0M | ||
| Q3 24 | $1.1B | $929.0M | ||
| Q2 24 | $1.1B | $758.0M |
净利润DPZPOR
| Q1 26 | $139.8M | — | ||
| Q4 25 | — | $41.0M | ||
| Q3 25 | $139.3M | $103.0M | ||
| Q2 25 | $131.1M | $62.0M | ||
| Q1 25 | $149.7M | $100.0M | ||
| Q4 24 | $169.4M | $38.0M | ||
| Q3 24 | $146.9M | $94.0M | ||
| Q2 24 | $142.0M | $72.0M |
毛利率DPZPOR
| 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DPZPOR
| Q1 26 | 20.0% | — | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | 19.5% | 18.3% | ||
| Q2 25 | 19.7% | 14.6% | ||
| Q1 25 | 18.9% | 18.1% | ||
| Q4 24 | 19.0% | 10.7% | ||
| Q3 24 | 18.4% | 15.7% | ||
| Q2 24 | 17.9% | 15.3% |
净利率DPZPOR
| Q1 26 | 12.2% | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 12.1% | 10.8% | ||
| Q2 25 | 11.4% | 7.7% | ||
| Q1 25 | 13.5% | 10.8% | ||
| Q4 24 | 11.7% | 4.6% | ||
| Q3 24 | 13.6% | 10.1% | ||
| Q2 24 | 12.9% | 9.5% |
每股收益（稀释后）DPZPOR
| Q1 26 | $4.13 | — | ||
| Q4 25 | — | $0.36 | ||
| Q3 25 | $4.08 | $0.94 | ||
| Q2 25 | $3.81 | $0.56 | ||
| Q1 25 | $4.33 | $0.91 | ||
| Q4 24 | $4.89 | $0.34 | ||
| Q3 24 | $4.19 | $0.90 | ||
| Q2 24 | $4.03 | $0.69 |
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 | — |
| 总债务越低越好 | $4.9B | $4.7B |
| 股东权益账面价值 | — | $4.1B |
| 总资产 | $1.8B | $13.2B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资DPZPOR
| Q1 26 | $232.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $139.7M | — | ||
| Q2 25 | $272.9M | — | ||
| Q1 25 | $304.3M | — | ||
| Q4 24 | $186.1M | — | ||
| Q3 24 | $189.1M | — | ||
| Q2 24 | $283.7M | — |
总债务DPZPOR
| Q1 26 | $4.9B | — | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | $4.8B | $4.7B | ||
| Q2 25 | $3.8B | $4.7B | ||
| Q1 25 | $3.8B | $4.7B | ||
| Q4 24 | $3.8B | $4.5B | ||
| Q3 24 | $5.0B | $4.4B | ||
| Q2 24 | $5.0B | $4.4B |
股东权益DPZPOR
| Q1 26 | — | — | ||
| Q4 25 | — | $4.1B | ||
| Q3 25 | $-4.0B | $4.0B | ||
| Q2 25 | $-4.0B | $3.9B | ||
| Q1 25 | $-3.9B | $3.8B | ||
| Q4 24 | $-4.0B | $3.8B | ||
| Q3 24 | $-4.0B | $3.6B | ||
| Q2 24 | $-3.9B | $3.5B |
总资产DPZPOR
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $13.2B | ||
| Q3 25 | $1.7B | $13.0B | ||
| Q2 25 | $1.8B | $12.7B | ||
| Q1 25 | $1.9B | $12.7B | ||
| Q4 24 | $1.7B | $12.5B | ||
| Q3 24 | $1.8B | $11.9B | ||
| Q2 24 | $1.9B | $11.6B |
负债/权益比DPZPOR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.27× |
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 | $148.0M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $-142.0M |
| 自由现金流率自由现金流/营收 | 12.8% | -16.0% |
| 资本支出强度资本支出/营收 | 1.3% | 32.6% |
| 现金转化率经营现金流/净利润 | 1.16× | 3.61× |
| 过去12个月自由现金流最近4个季度 | $642.6M | $-71.0M |
8季度趋势，按日历期对齐
经营现金流DPZPOR
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $148.0M | ||
| Q3 25 | $185.4M | $403.0M | ||
| Q2 25 | $187.8M | $336.0M | ||
| Q1 25 | $179.1M | $231.0M | ||
| Q4 24 | $178.0M | $170.0M | ||
| Q3 24 | $172.7M | $244.0M | ||
| Q2 24 | $150.7M | $189.0M |
自由现金流DPZPOR
| Q1 26 | $147.0M | — | ||
| Q4 25 | — | $-142.0M | ||
| Q3 25 | $164.0M | $100.0M | ||
| Q2 25 | $167.3M | $99.0M | ||
| Q1 25 | $164.3M | $-128.0M | ||
| Q4 24 | $135.9M | $-222.0M | ||
| Q3 24 | $145.6M | $-9.0M | ||
| Q2 24 | $127.2M | $-109.0M |
自由现金流率DPZPOR
| Q1 26 | 12.8% | — | ||
| Q4 25 | — | -16.0% | ||
| Q3 25 | 14.3% | 10.5% | ||
| Q2 25 | 14.6% | 12.3% | ||
| Q1 25 | 14.8% | -13.8% | ||
| Q4 24 | 9.4% | -26.9% | ||
| Q3 24 | 13.5% | -1.0% | ||
| Q2 24 | 11.6% | -14.4% |
资本支出强度DPZPOR
| Q1 26 | 1.3% | — | ||
| Q4 25 | — | 32.6% | ||
| Q3 25 | 1.9% | 31.8% | ||
| Q2 25 | 1.8% | 29.4% | ||
| Q1 25 | 1.3% | 38.7% | ||
| Q4 24 | 2.9% | 47.6% | ||
| Q3 24 | 2.5% | 27.2% | ||
| Q2 24 | 2.1% | 39.3% |
现金转化率DPZPOR
| Q1 26 | 1.16× | — | ||
| Q4 25 | — | 3.61× | ||
| Q3 25 | 1.33× | 3.91× | ||
| Q2 25 | 1.43× | 5.42× | ||
| Q1 25 | 1.20× | 2.31× | ||
| Q4 24 | 1.05× | 4.47× | ||
| Q3 24 | 1.18× | 2.60× | ||
| Q2 24 | 1.06× | 2.63× |
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% |
POR
| Other | $507.0M | 57% |
| Commercial | $231.0M | 26% |
| Industrial | $140.0M | 16% |
| Direct Accesscustomers | $11.0M | 1% |
