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达美乐（DPZ）与实耐宝（SNA）财务数据对比。点击上方公司名可切换其他公司
实耐宝的季度营收约是达美乐的1.1倍（$1.2B vs $1.2B），实耐宝净利率更高（21.3% vs 12.2%，领先9.2%），达美乐同比增速更快（3.5% vs 2.7%），实耐宝自由现金流更多（$254.6M vs $147.0M），过去两年达美乐的营收复合增速更高（3.0% vs 2.0%）
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。
实耐宝（Snap-on）是美国高端专业工具及设备的设计、制造与销售企业，产品广泛应用于汽车、重型装备、船舶、航空、铁路等交通运输行业的专业场景，1930年起总部设于威斯康星州基诺沙，旗下另设Blue-Point品牌主打平价工具线，核心竞争对手包含Matco、Mac Tools、Cornwell Tools等。
DPZ vs SNA — 直观对比
营收规模更大
SNA
是对方的1.1倍
$1.2B
营收增速更快
DPZ
高出0.8%
2.7%
净利率更高
SNA
高出9.2%
12.2%
自由现金流更多
SNA
多$107.6M
$147.0M
两年增速更快
DPZ
近两年复合增速
2.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $139.8M | $260.7M |
| 毛利率 | 40.4% | — |
| 营业利润率 | 20.0% | 27.8% |
| 净利率 | 12.2% | 21.3% |
| 营收同比 | 3.5% | 2.7% |
| 净利润同比 | -6.6% | 1.0% |
| 每股收益（稀释后） | $4.13 | $4.94 |
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DPZSNA
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $1.2B |
净利润DPZSNA
| Q1 26 | $139.8M | — | ||
| Q4 25 | — | $260.7M | ||
| Q3 25 | $139.3M | $265.4M | ||
| Q2 25 | $131.1M | $250.3M | ||
| Q1 25 | $149.7M | $240.5M | ||
| Q4 24 | $169.4M | $258.1M | ||
| Q3 24 | $146.9M | $251.1M | ||
| Q2 24 | $142.0M | $271.2M |
毛利率DPZSNA
| 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DPZSNA
| Q1 26 | 20.0% | — | ||
| Q4 25 | — | 27.8% | ||
| Q3 25 | 19.5% | 29.4% | ||
| Q2 25 | 19.7% | 28.0% | ||
| Q1 25 | 18.9% | 27.7% | ||
| Q4 24 | 19.0% | 27.9% | ||
| Q3 24 | 18.4% | 28.4% | ||
| Q2 24 | 17.9% | 29.9% |
净利率DPZSNA
| Q1 26 | 12.2% | — | ||
| Q4 25 | — | 21.3% | ||
| Q3 25 | 12.1% | 22.5% | ||
| Q2 25 | 11.4% | 21.4% | ||
| Q1 25 | 13.5% | 21.2% | ||
| Q4 24 | 11.7% | 21.7% | ||
| Q3 24 | 13.6% | 22.0% | ||
| Q2 24 | 12.9% | 23.1% |
每股收益（稀释后）DPZSNA
| Q1 26 | $4.13 | — | ||
| Q4 25 | — | $4.94 | ||
| Q3 25 | $4.08 | $5.02 | ||
| Q2 25 | $3.81 | $4.72 | ||
| Q1 25 | $4.33 | $4.51 | ||
| Q4 24 | $4.89 | $4.83 | ||
| Q3 24 | $4.19 | $4.70 | ||
| Q2 24 | $4.03 | $5.07 |
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 | — |
| 股东权益账面价值 | — | — |
| 总资产 | $1.8B | — |
| 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DPZSNA
| Q1 26 | $232.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $139.7M | $1.5B | ||
| Q2 25 | $272.9M | $1.5B | ||
| Q1 25 | $304.3M | $1.4B | ||
| Q4 24 | $186.1M | $1.4B | ||
| Q3 24 | $189.1M | $1.3B | ||
| Q2 24 | $283.7M | $1.2B |
总债务DPZSNA
| Q1 26 | $4.9B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $4.8B | $1.2B | ||
| Q2 25 | $3.8B | $1.2B | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | $1.2B | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $5.0B | — |
股东权益DPZSNA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-4.0B | $5.8B | ||
| Q2 25 | $-4.0B | $5.7B | ||
| Q1 25 | $-3.9B | $5.5B | ||
| Q4 24 | $-4.0B | $5.4B | ||
| Q3 24 | $-4.0B | $5.5B | ||
| Q2 24 | $-3.9B | $5.3B |
总资产DPZSNA
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $1.7B | $8.4B | ||
| Q2 25 | $1.8B | $8.2B | ||
| Q1 25 | $1.9B | $8.1B | ||
| Q4 24 | $1.7B | $7.9B | ||
| Q3 24 | $1.8B | $8.0B | ||
| Q2 24 | $1.9B | $7.8B |
负债/权益比DPZSNA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $268.1M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $254.6M |
| 自由现金流率自由现金流/营收 | 12.8% | 20.8% |
| 资本支出强度资本支出/营收 | 1.3% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.16× | 1.03× |
| 过去12个月自由现金流最近4个季度 | $642.6M | $1.0B |
8季度趋势，按日历期对齐
经营现金流DPZSNA
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $268.1M | ||
| Q3 25 | $185.4M | $277.9M | ||
| Q2 25 | $187.8M | $237.2M | ||
| Q1 25 | $179.1M | $298.5M | ||
| Q4 24 | $178.0M | $293.5M | ||
| Q3 24 | $172.7M | $274.2M | ||
| Q2 24 | $150.7M | $301.1M |
自由现金流DPZSNA
| Q1 26 | $147.0M | — | ||
| Q4 25 | — | $254.6M | ||
| Q3 25 | $164.0M | $258.0M | ||
| Q2 25 | $167.3M | $217.5M | ||
| Q1 25 | $164.3M | $275.6M | ||
| Q4 24 | $135.9M | $275.4M | ||
| Q3 24 | $145.6M | $253.8M | ||
| Q2 24 | $127.2M | $277.9M |
自由现金流率DPZSNA
| Q1 26 | 12.8% | — | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | 14.3% | 21.8% | ||
| Q2 25 | 14.6% | 18.6% | ||
| Q1 25 | 14.8% | 24.3% | ||
| Q4 24 | 9.4% | 23.1% | ||
| Q3 24 | 13.5% | 22.3% | ||
| Q2 24 | 11.6% | 23.7% |
资本支出强度DPZSNA
| Q1 26 | 1.3% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.9% | 1.7% | ||
| Q2 25 | 1.8% | 1.7% | ||
| Q1 25 | 1.3% | 2.0% | ||
| Q4 24 | 2.9% | 1.5% | ||
| Q3 24 | 2.5% | 1.8% | ||
| Q2 24 | 2.1% | 2.0% |
现金转化率DPZSNA
| Q1 26 | 1.16× | — | ||
| Q4 25 | — | 1.03× | ||
| Q3 25 | 1.33× | 1.05× | ||
| Q2 25 | 1.43× | 0.95× | ||
| Q1 25 | 1.20× | 1.24× | ||
| Q4 24 | 1.05× | 1.14× | ||
| Q3 24 | 1.18× | 1.09× | ||
| Q2 24 | 1.06× | 1.11× |
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% |
SNA
暂无分部数据
