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达美乐（DPZ）与Talen Energy Corp（TLN）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Talen Energy Corp的1.5倍（$1.2B vs $758.0M），达美乐净利率更高（12.2% vs -47.9%，领先60.0%），Talen Energy Corp同比增速更快（114.7% vs 3.5%），Talen Energy Corp自由现金流更多（$254.0M vs $147.0M），过去两年Talen Energy Corp的营收复合增速更高（35.0% 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。
PPL公司是总部位于美国宾夕法尼亚州东部利哈伊谷阿伦敦的能源企业，于纽约证券交易所上市（股票代码：PPL），属标普500指数成分股。截至2022年，公司营收79亿美元，总资产超370亿美元，拥有6500名员工，服务360万客户。
DPZ vs TLN — 直观对比
营收规模更大
DPZ
是对方的1.5倍
$758.0M
营收增速更快
TLN
高出111.3%
3.5%
净利率更高
DPZ
高出60.0%
-47.9%
自由现金流更多
TLN
多$107.0M
$147.0M
两年增速更快
TLN
近两年复合增速
3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $758.0M |
| 净利润 | $139.8M | $-363.0M |
| 毛利率 | 40.4% | — |
| 营业利润率 | 20.0% | -41.3% |
| 净利率 | 12.2% | -47.9% |
| 营收同比 | 3.5% | 114.7% |
| 净利润同比 | -6.6% | -542.7% |
| 每股收益（稀释后） | $4.13 | $-7.60 |
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DPZTLN
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $758.0M | ||
| Q3 25 | $1.1B | $697.0M | ||
| Q2 25 | $1.1B | $409.0M | ||
| Q1 25 | $1.1B | $654.0M | ||
| Q4 24 | $1.4B | $353.0M | ||
| Q3 24 | $1.1B | $459.0M | ||
| Q2 24 | $1.1B | $346.0M |
净利润DPZTLN
| Q1 26 | $139.8M | — | ||
| Q4 25 | — | $-363.0M | ||
| Q3 25 | $139.3M | $207.0M | ||
| Q2 25 | $131.1M | $72.0M | ||
| Q1 25 | $149.7M | $-135.0M | ||
| Q4 24 | $169.4M | $82.0M | ||
| Q3 24 | $146.9M | $168.0M | ||
| Q2 24 | $142.0M | $454.0M |
毛利率DPZTLN
| 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DPZTLN
| Q1 26 | 20.0% | — | ||
| Q4 25 | — | -41.3% | ||
| Q3 25 | 19.5% | 37.7% | ||
| Q2 25 | 19.7% | 16.1% | ||
| Q1 25 | 18.9% | -16.2% | ||
| Q4 24 | 19.0% | 4.5% | ||
| Q3 24 | 18.4% | 34.4% | ||
| Q2 24 | 17.9% | 7.8% |
净利率DPZTLN
| Q1 26 | 12.2% | — | ||
| Q4 25 | — | -47.9% | ||
| Q3 25 | 12.1% | 29.7% | ||
| Q2 25 | 11.4% | 17.6% | ||
| Q1 25 | 13.5% | -20.6% | ||
| Q4 24 | 11.7% | 23.2% | ||
| Q3 24 | 13.6% | 36.6% | ||
| Q2 24 | 12.9% | 131.2% |
每股收益（稀释后）DPZTLN
| Q1 26 | $4.13 | — | ||
| Q4 25 | — | $-7.60 | ||
| Q3 25 | $4.08 | $4.25 | ||
| Q2 25 | $3.81 | $1.50 | ||
| Q1 25 | $4.33 | $-2.94 | ||
| Q4 24 | $4.89 | $2.07 | ||
| Q3 24 | $4.19 | $3.16 | ||
| Q2 24 | $4.03 | $7.60 |
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 | $689.0M |
| 总债务越低越好 | $4.9B | $6.8B |
| 股东权益账面价值 | — | $1.1B |
| 总资产 | $1.8B | $10.9B |
| 负债/权益比越低杠杆越低 | — | 6.23× |
8季度趋势，按日历期对齐
现金及短期投资DPZTLN
| Q1 26 | $232.9M | — | ||
| Q4 25 | — | $689.0M | ||
| Q3 25 | $139.7M | $497.0M | ||
| Q2 25 | $272.9M | $122.0M | ||
| Q1 25 | $304.3M | $295.0M | ||
| Q4 24 | $186.1M | $328.0M | ||
| Q3 24 | $189.1M | $648.0M | ||
| Q2 24 | $283.7M | $632.0M |
总债务DPZTLN
| Q1 26 | $4.9B | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | $4.8B | $3.0B | ||
| Q2 25 | $3.8B | $3.0B | ||
| Q1 25 | $3.8B | $3.0B | ||
| Q4 24 | $3.8B | $3.0B | ||
| Q3 24 | $5.0B | $2.6B | ||
| Q2 24 | $5.0B | $2.6B |
股东权益DPZTLN
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $-4.0B | $1.5B | ||
| Q2 25 | $-4.0B | $1.2B | ||
| Q1 25 | $-3.9B | $1.2B | ||
| Q4 24 | $-4.0B | $1.4B | ||
| Q3 24 | $-4.0B | $2.4B | ||
| Q2 24 | $-3.9B | $2.5B |
总资产DPZTLN
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $10.9B | ||
| Q3 25 | $1.7B | $6.1B | ||
| Q2 25 | $1.8B | $5.8B | ||
| Q1 25 | $1.9B | $5.9B | ||
| Q4 24 | $1.7B | $6.1B | ||
| Q3 24 | $1.8B | $6.8B | ||
| Q2 24 | $1.9B | $7.1B |
负债/权益比DPZTLN
| Q1 26 | — | — | ||
| Q4 25 | — | 6.23× | ||
| Q3 25 | — | 2.03× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | — | 2.54× | ||
| Q4 24 | — | 2.17× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 1.05× |
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 | $280.0M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $254.0M |
| 自由现金流率自由现金流/营收 | 12.8% | 33.5% |
| 资本支出强度资本支出/营收 | 1.3% | 3.4% |
| 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 | $642.6M | $606.0M |
8季度趋势，按日历期对齐
经营现金流DPZTLN
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $280.0M | ||
| Q3 25 | $185.4M | $489.0M | ||
| Q2 25 | $187.8M | $-184.0M | ||
| Q1 25 | $179.1M | $119.0M | ||
| Q4 24 | $178.0M | — | ||
| Q3 24 | $172.7M | $96.0M | ||
| Q2 24 | $150.7M | $-23.0M |
自由现金流DPZTLN
| Q1 26 | $147.0M | — | ||
| Q4 25 | — | $254.0M | ||
| Q3 25 | $164.0M | $468.0M | ||
| Q2 25 | $167.3M | $-217.0M | ||
| Q1 25 | $164.3M | $101.0M | ||
| Q4 24 | $135.9M | — | ||
| Q3 24 | $145.6M | $83.0M | ||
| Q2 24 | $127.2M | $-43.0M |
自由现金流率DPZTLN
| Q1 26 | 12.8% | — | ||
| Q4 25 | — | 33.5% | ||
| Q3 25 | 14.3% | 67.1% | ||
| Q2 25 | 14.6% | -53.1% | ||
| Q1 25 | 14.8% | 15.4% | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 13.5% | 18.1% | ||
| Q2 24 | 11.6% | -12.4% |
资本支出强度DPZTLN
| Q1 26 | 1.3% | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | 1.9% | 3.0% | ||
| Q2 25 | 1.8% | 8.1% | ||
| Q1 25 | 1.3% | 2.8% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 2.5% | 2.8% | ||
| Q2 24 | 2.1% | 5.8% |
现金转化率DPZTLN
| Q1 26 | 1.16× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.33× | 2.36× | ||
| Q2 25 | 1.43× | -2.56× | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.05× | — | ||
| Q3 24 | 1.18× | 0.57× | ||
| Q2 24 | 1.06× | -0.05× |
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% |
TLN
| Electricity Sales And Ancillary Services | $555.0M | 73% |
| Operating Revenue Capacity | $182.0M | 24% |
| Physical Electricity Sales Bilateral Contracts Other | $21.0M | 3% |
