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达美乐（DPZ）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是达美乐的1.2倍（$1.4B vs $1.2B），瑞思迈净利率更高（27.6% vs 12.2%，领先15.4%），瑞思迈同比增速更快（11.0% vs 3.5%），过去两年瑞思迈的营收复合增速更高（7.8% vs 2.4%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
DPZ vs RMD — 直观对比
营收规模更大
RMD
是对方的1.2倍
$1.2B
营收增速更快
RMD
高出7.5%
3.5%
净利率更高
RMD
高出15.4%
12.2%
两年增速更快
RMD
近两年复合增速
2.4%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $139.8M | $392.6M |
| 毛利率 | 40.4% | 61.8% |
| 营业利润率 | 20.0% | 34.6% |
| 净利率 | 12.2% | 27.6% |
| 营收同比 | 3.5% | 11.0% |
| 净利润同比 | -6.6% | 13.9% |
| 每股收益（稀释后） | $4.13 | $2.68 |
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DPZRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $1.2B | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B |
净利润DPZRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | $139.8M | $398.7M | ||
| Q4 25 | — | $392.6M | ||
| Q3 25 | $139.3M | $348.5M | ||
| Q2 25 | $131.1M | $379.7M | ||
| Q1 25 | $149.7M | $365.0M | ||
| Q4 24 | $169.4M | $344.6M | ||
| Q3 24 | $146.9M | $311.4M |
毛利率DPZRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | 40.4% | 62.2% | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | 40.1% | 61.5% | ||
| Q2 25 | 40.3% | 60.8% | ||
| Q1 25 | 39.8% | 59.3% | ||
| Q4 24 | 39.2% | 58.6% | ||
| Q3 24 | 39.2% | 58.6% |
营业利润率DPZRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | 20.0% | 34.9% | ||
| Q4 25 | — | 34.6% | ||
| Q3 25 | 19.5% | 33.4% | ||
| Q2 25 | 19.7% | 33.7% | ||
| Q1 25 | 18.9% | 33.0% | ||
| Q4 24 | 19.0% | 32.5% | ||
| Q3 24 | 18.4% | 31.6% |
净利率DPZRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | 12.2% | 27.9% | ||
| Q4 25 | — | 27.6% | ||
| Q3 25 | 12.1% | 26.1% | ||
| Q2 25 | 11.4% | 28.2% | ||
| Q1 25 | 13.5% | 28.3% | ||
| Q4 24 | 11.7% | 26.9% | ||
| Q3 24 | 13.6% | 25.4% |
每股收益（稀释后）DPZRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | $4.13 | $2.74 | ||
| Q4 25 | — | $2.68 | ||
| Q3 25 | $4.08 | $2.37 | ||
| Q2 25 | $3.81 | $2.58 | ||
| Q1 25 | $4.33 | $2.48 | ||
| Q4 24 | $4.89 | $2.34 | ||
| Q3 24 | $4.19 | $2.11 |
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 | $663.8M |
| 股东权益账面价值 | — | $6.3B |
| 总资产 | $1.8B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资DPZRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $232.9M | $1.7B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $139.7M | $1.4B | ||
| Q2 25 | $272.9M | $1.2B | ||
| Q1 25 | $304.3M | $932.7M | ||
| Q4 24 | $186.1M | $521.9M | ||
| Q3 24 | $189.1M | $426.4M |
总债务DPZRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | $4.9B | $664.1M | ||
| Q4 25 | — | $403.9M | ||
| Q3 25 | $4.8B | $408.7M | ||
| Q2 25 | $3.8B | $658.4M | ||
| Q1 25 | $3.8B | $663.1M | ||
| Q4 24 | $3.8B | $662.9M | ||
| Q3 24 | $5.0B | $667.6M |
股东权益DPZRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | — | $6.5B | ||
| Q4 25 | — | $6.3B | ||
| Q3 25 | $-4.0B | $6.1B | ||
| Q2 25 | $-4.0B | $6.0B | ||
| Q1 25 | $-3.9B | $5.5B | ||
| Q4 24 | $-4.0B | $5.3B | ||
| Q3 24 | $-4.0B | $5.2B |
总资产DPZRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | $1.8B | $8.8B | ||
| Q4 25 | — | $8.5B | ||
| Q3 25 | $1.7B | $8.3B | ||
| Q2 25 | $1.8B | $8.2B | ||
| Q1 25 | $1.9B | $7.6B | ||
| Q4 24 | $1.7B | $7.1B | ||
| Q3 24 | $1.8B | $7.2B |
负债/权益比DPZRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $147.0M | — |
| 自由现金流率自由现金流/营收 | 12.8% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | 1.16× | — |
| 过去12个月自由现金流最近4个季度 | $625.3M | — |
8季度趋势，按日历期对齐
经营现金流DPZRMD
| Q2 26 | — | — | ||
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $339.7M | ||
| Q3 25 | $185.4M | $457.3M | ||
| Q2 25 | $187.8M | $538.8M | ||
| Q1 25 | $179.1M | $578.7M | ||
| Q4 24 | $178.0M | $308.6M | ||
| Q3 24 | $172.7M | $325.5M |
自由现金流DPZRMD
| Q2 26 | — | — | ||
| Q1 26 | $147.0M | — | ||
| Q4 25 | — | $311.2M | ||
| Q3 25 | $164.0M | $414.4M | ||
| Q2 25 | $167.3M | $508.2M | ||
| Q1 25 | $164.3M | $557.9M | ||
| Q4 24 | $135.9M | $288.0M | ||
| Q3 24 | $145.6M | $307.7M |
自由现金流率DPZRMD
| Q2 26 | — | — | ||
| Q1 26 | 12.8% | — | ||
| Q4 25 | — | 21.9% | ||
| Q3 25 | 14.3% | 31.0% | ||
| Q2 25 | 14.6% | 37.7% | ||
| Q1 25 | 14.8% | 43.2% | ||
| Q4 24 | 9.4% | 22.5% | ||
| Q3 24 | 13.5% | 25.1% |
资本支出强度DPZRMD
| Q2 26 | — | — | ||
| Q1 26 | 1.3% | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | 1.9% | 3.2% | ||
| Q2 25 | 1.8% | 2.3% | ||
| Q1 25 | 1.3% | 1.6% | ||
| Q4 24 | 2.9% | 1.6% | ||
| Q3 24 | 2.5% | 1.5% |
现金转化率DPZRMD
| Q2 26 | — | — | ||
| Q1 26 | 1.16× | — | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | 1.33× | 1.31× | ||
| Q2 25 | 1.43× | 1.42× | ||
| Q1 25 | 1.20× | 1.59× | ||
| Q4 24 | 1.05× | 0.90× | ||
| Q3 24 | 1.18× | 1.05× |
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% |
RMD
暂无分部数据
