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达美乐（DPZ）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是达美乐的1.7倍（$1.9B vs $1.2B），达美乐净利率更高（12.2% vs 8.4%，领先3.7%），RPM INTERNATIONAL INC同比增速更快（3.5% vs 3.5%），RPM INTERNATIONAL INC自由现金流更多（$296.4M vs $147.0M），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% 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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
DPZ vs RPM — 直观对比
营收规模更大
RPM
是对方的1.7倍
$1.2B
营收增速更快
RPM
高出0.0%
3.5%
净利率更高
DPZ
高出3.7%
8.4%
自由现金流更多
RPM
多$149.4M
$147.0M
两年增速更快
RPM
近两年复合增速
2.4%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | $139.8M | $161.2M |
| 毛利率 | 40.4% | 40.8% |
| 营业利润率 | 20.0% | 11.0% |
| 净利率 | 12.2% | 8.4% |
| 营收同比 | 3.5% | 3.5% |
| 净利润同比 | -6.6% | -12.0% |
| 每股收益（稀释后） | $4.13 | $1.26 |
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DPZRPM
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.1B | $2.0B |
净利润DPZRPM
| Q1 26 | $139.8M | — | ||
| Q4 25 | — | $161.2M | ||
| Q3 25 | $139.3M | $227.6M | ||
| Q2 25 | $131.1M | $225.8M | ||
| Q1 25 | $149.7M | $52.0M | ||
| Q4 24 | $169.4M | $183.2M | ||
| Q3 24 | $146.9M | $227.7M | ||
| Q2 24 | $142.0M | $180.6M |
毛利率DPZRPM
| Q1 26 | 40.4% | — | ||
| Q4 25 | — | 40.8% | ||
| Q3 25 | 40.1% | 42.3% | ||
| Q2 25 | 40.3% | 42.4% | ||
| Q1 25 | 39.8% | 38.4% | ||
| Q4 24 | 39.2% | 41.4% | ||
| Q3 24 | 39.2% | 42.5% | ||
| Q2 24 | 39.8% | 41.4% |
营业利润率DPZRPM
| Q1 26 | 20.0% | — | ||
| Q4 25 | — | 11.0% | ||
| Q3 25 | 19.5% | 14.1% | ||
| Q2 25 | 19.7% | 11.9% | ||
| Q1 25 | 18.9% | 2.8% | ||
| Q4 24 | 19.0% | 11.5% | ||
| Q3 24 | 18.4% | 14.8% | ||
| Q2 24 | 17.9% | 11.9% |
净利率DPZRPM
| Q1 26 | 12.2% | — | ||
| Q4 25 | — | 8.4% | ||
| Q3 25 | 12.1% | 10.8% | ||
| Q2 25 | 11.4% | 10.8% | ||
| Q1 25 | 13.5% | 3.5% | ||
| Q4 24 | 11.7% | 9.9% | ||
| Q3 24 | 13.6% | 11.6% | ||
| Q2 24 | 12.9% | 9.0% |
每股收益（稀释后）DPZRPM
| Q1 26 | $4.13 | — | ||
| Q4 25 | — | $1.26 | ||
| Q3 25 | $4.08 | $1.77 | ||
| Q2 25 | $3.81 | $1.76 | ||
| Q1 25 | $4.33 | $0.40 | ||
| Q4 24 | $4.89 | $1.42 | ||
| Q3 24 | $4.19 | $1.77 | ||
| Q2 24 | $4.03 | $1.40 |
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 | $316.6M |
| 总债务越低越好 | $4.9B | $2.5B |
| 股东权益账面价值 | — | $3.1B |
| 总资产 | $1.8B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资DPZRPM
| Q1 26 | $232.9M | — | ||
| Q4 25 | — | $316.6M | ||
| Q3 25 | $139.7M | $297.1M | ||
| Q2 25 | $272.9M | $302.1M | ||
| Q1 25 | $304.3M | $241.9M | ||
| Q4 24 | $186.1M | $268.7M | ||
| Q3 24 | $189.1M | $231.6M | ||
| Q2 24 | $283.7M | $237.4M |
总债务DPZRPM
| Q1 26 | $4.9B | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | $4.8B | $2.7B | ||
| Q2 25 | $3.8B | $2.6B | ||
| Q1 25 | $3.8B | $2.1B | ||
| Q4 24 | $3.8B | $2.0B | ||
| Q3 24 | $5.0B | $2.0B | ||
| Q2 24 | $5.0B | $2.0B |
股东权益DPZRPM
| Q1 26 | — | — | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | $-4.0B | $3.1B | ||
| Q2 25 | $-4.0B | $2.9B | ||
| Q1 25 | $-3.9B | $2.7B | ||
| Q4 24 | $-4.0B | $2.7B | ||
| Q3 24 | $-4.0B | $2.6B | ||
| Q2 24 | $-3.9B | $2.5B |
总资产DPZRPM
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $7.9B | ||
| Q3 25 | $1.7B | $7.9B | ||
| Q2 25 | $1.8B | $7.8B | ||
| Q1 25 | $1.9B | $6.6B | ||
| Q4 24 | $1.7B | $6.7B | ||
| Q3 24 | $1.8B | $6.6B | ||
| Q2 24 | $1.9B | $6.6B |
负债/权益比DPZRPM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $296.4M |
| 自由现金流率自由现金流/营收 | 12.8% | 15.5% |
| 资本支出强度资本支出/营收 | 1.3% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.16× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $625.3M | $582.9M |
8季度趋势，按日历期对齐
经营现金流DPZRPM
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $345.7M | ||
| Q3 25 | $185.4M | $237.5M | ||
| Q2 25 | $187.8M | $149.2M | ||
| Q1 25 | $179.1M | $91.5M | ||
| Q4 24 | $178.0M | $279.4M | ||
| Q3 24 | $172.7M | $248.1M | ||
| Q2 24 | $150.7M | $181.2M |
自由现金流DPZRPM
| Q1 26 | $147.0M | — | ||
| Q4 25 | — | $296.4M | ||
| Q3 25 | $164.0M | $175.0M | ||
| Q2 25 | $167.3M | $78.2M | ||
| Q1 25 | $164.3M | $33.3M | ||
| Q4 24 | $135.9M | $229.5M | ||
| Q3 24 | $145.6M | $197.3M | ||
| Q2 24 | $127.2M | $105.3M |
自由现金流率DPZRPM
| Q1 26 | 12.8% | — | ||
| Q4 25 | — | 15.5% | ||
| Q3 25 | 14.3% | 8.3% | ||
| Q2 25 | 14.6% | 3.8% | ||
| Q1 25 | 14.8% | 2.3% | ||
| Q4 24 | 9.4% | 12.4% | ||
| Q3 24 | 13.5% | 10.0% | ||
| Q2 24 | 11.6% | 5.2% |
资本支出强度DPZRPM
| Q1 26 | 1.3% | — | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | 1.9% | 3.0% | ||
| Q2 25 | 1.8% | 3.4% | ||
| Q1 25 | 1.3% | 3.9% | ||
| Q4 24 | 2.9% | 2.7% | ||
| Q3 24 | 2.5% | 2.6% | ||
| Q2 24 | 2.1% | 3.8% |
现金转化率DPZRPM
| Q1 26 | 1.16× | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | 1.33× | 1.04× | ||
| Q2 25 | 1.43× | 0.66× | ||
| Q1 25 | 1.20× | 1.76× | ||
| Q4 24 | 1.05× | 1.53× | ||
| Q3 24 | 1.18× | 1.09× | ||
| Q2 24 | 1.06× | 1.00× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
