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DT Midstream, Inc.（DTM）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
DT Midstream, Inc.的季度营收约是百胜餐饮集团的1.6倍（$317.0M vs $204.1M），DT Midstream, Inc.净利率更高（35.0% vs 8.9%，领先26.1%），DT Midstream, Inc.同比增速更快（27.3% vs -5.2%），DT Midstream, Inc.自由现金流更多（$30.0M vs $2.6M），过去两年百胜餐饮集团的营收复合增速更高（19.8% vs 14.9%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
DTM vs LCUT — 直观对比
营收规模更大
DTM
是对方的1.6倍
$204.1M
营收增速更快
DTM
高出32.5%
-5.2%
净利率更高
DTM
高出26.1%
8.9%
自由现金流更多
DTM
多$27.4M
$2.6M
两年增速更快
LCUT
近两年复合增速
14.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $204.1M |
| 净利润 | $111.0M | $18.2M |
| 毛利率 | — | 38.6% |
| 营业利润率 | 49.2% | 9.8% |
| 净利率 | 35.0% | 8.9% |
| 营收同比 | 27.3% | -5.2% |
| 净利润同比 | 52.1% | 103.5% |
| 每股收益（稀释后） | $1.07 | $0.83 |
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DTMLCUT
| Q4 25 | $317.0M | $204.1M | ||
| Q3 25 | $314.0M | $171.9M | ||
| Q2 25 | $309.0M | $131.9M | ||
| Q1 25 | $303.0M | $140.1M | ||
| Q4 24 | $249.0M | $215.2M | ||
| Q3 24 | $248.0M | $183.8M | ||
| Q2 24 | $244.0M | $141.7M | ||
| Q1 24 | $240.0M | $142.2M |
净利润DTMLCUT
| Q4 25 | $111.0M | $18.2M | ||
| Q3 25 | $115.0M | $-1.2M | ||
| Q2 25 | $107.0M | $-39.7M | ||
| Q1 25 | $108.0M | $-4.2M | ||
| Q4 24 | $73.0M | $8.9M | ||
| Q3 24 | $88.0M | $344.0K | ||
| Q2 24 | $96.0M | $-18.2M | ||
| Q1 24 | $97.0M | $-6.3M |
毛利率DTMLCUT
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 38.6% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.7% | ||
| Q2 24 | — | 38.5% | ||
| Q1 24 | — | 40.5% |
营业利润率DTMLCUT
| Q4 25 | 49.2% | 9.8% | ||
| Q3 25 | 49.4% | 3.9% | ||
| Q2 25 | 50.2% | -28.2% | ||
| Q1 25 | 48.8% | 0.8% | ||
| Q4 24 | 45.4% | 7.2% | ||
| Q3 24 | 49.2% | 4.7% | ||
| Q2 24 | 53.3% | 0.8% | ||
| Q1 24 | 51.7% | 1.3% |
净利率DTMLCUT
| Q4 25 | 35.0% | 8.9% | ||
| Q3 25 | 36.6% | -0.7% | ||
| Q2 25 | 34.6% | -30.1% | ||
| Q1 25 | 35.6% | -3.0% | ||
| Q4 24 | 29.3% | 4.1% | ||
| Q3 24 | 35.5% | 0.2% | ||
| Q2 24 | 39.3% | -12.8% | ||
| Q1 24 | 40.4% | -4.4% |
每股收益（稀释后）DTMLCUT
| Q4 25 | $1.07 | $0.83 | ||
| Q3 25 | $1.13 | $-0.05 | ||
| Q2 25 | $1.04 | $-1.83 | ||
| Q1 25 | $1.06 | $-0.19 | ||
| Q4 24 | $0.73 | $0.41 | ||
| Q3 24 | $0.90 | $0.02 | ||
| Q2 24 | $0.98 | $-0.85 | ||
| Q1 24 | $0.99 | $-0.29 |
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 | $54.0M | $4.3M |
| 总债务越低越好 | — | $135.0M |
| 股东权益账面价值 | $4.7B | $202.3M |
| 总资产 | $10.1B | $572.6M |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资DTMLCUT
| Q4 25 | $54.0M | $4.3M | ||
| Q3 25 | $98.0M | $12.1M | ||
| Q2 25 | $74.0M | $12.0M | ||
| Q1 25 | $83.0M | $10.4M | ||
| Q4 24 | $68.0M | $2.9M | ||
| Q3 24 | $77.0M | $6.0M | ||
| Q2 24 | $73.0M | $3.4M | ||
| Q1 24 | $41.0M | $4.6M |
总债务DTMLCUT
| Q4 25 | — | $135.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | $142.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DTMLCUT
| Q4 25 | $4.7B | $202.3M | ||
| Q3 25 | $4.7B | $184.6M | ||
| Q2 25 | $4.7B | $185.8M | ||
| Q1 25 | $4.6B | $225.7M | ||
| Q4 24 | $4.6B | $229.9M | ||
| Q3 24 | $4.2B | $220.9M | ||
| Q2 24 | $4.2B | $219.8M | ||
| Q1 24 | $4.2B | $223.7M |
总资产DTMLCUT
| Q4 25 | $10.1B | $572.6M | ||
| Q3 25 | $10.1B | $581.1M | ||
| Q2 25 | $10.0B | $551.9M | ||
| Q1 25 | $9.9B | $594.6M | ||
| Q4 24 | $9.9B | $634.3M | ||
| Q3 24 | $8.6B | $668.7M | ||
| Q2 24 | $9.0B | $617.0M | ||
| Q1 24 | $9.0B | $602.7M |
负债/权益比DTMLCUT
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.72× | 0.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $161.0M | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $2.6M |
| 自由现金流率自由现金流/营收 | 9.5% | 1.3% |
| 资本支出强度资本支出/营收 | 41.3% | 0.6% |
| 现金转化率经营现金流/净利润 | 1.45× | 0.21× |
| 过去12个月自由现金流最近4个季度 | $441.0M | $3.3M |
8季度趋势，按日历期对齐
经营现金流DTMLCUT
| Q4 25 | $161.0M | $3.7M | ||
| Q3 25 | $274.0M | $-22.2M | ||
| Q2 25 | $185.0M | $9.3M | ||
| Q1 25 | $247.0M | $16.7M | ||
| Q4 24 | $152.0M | $20.3M | ||
| Q3 24 | $205.0M | $-22.7M | ||
| Q2 24 | $165.0M | $10.4M | ||
| Q1 24 | $241.0M | $10.5M |
自由现金流DTMLCUT
| Q4 25 | $30.0M | $2.6M | ||
| Q3 25 | $131.0M | $-22.7M | ||
| Q2 25 | $104.0M | $8.2M | ||
| Q1 25 | $176.0M | $15.1M | ||
| Q4 24 | $62.0M | $19.7M | ||
| Q3 24 | $124.0M | $-23.2M | ||
| Q2 24 | $84.0M | $9.9M | ||
| Q1 24 | $143.0M | $9.9M |
自由现金流率DTMLCUT
| Q4 25 | 9.5% | 1.3% | ||
| Q3 25 | 41.7% | -13.2% | ||
| Q2 25 | 33.7% | 6.2% | ||
| Q1 25 | 58.1% | 10.8% | ||
| Q4 24 | 24.9% | 9.1% | ||
| Q3 24 | 50.0% | -12.6% | ||
| Q2 24 | 34.4% | 7.0% | ||
| Q1 24 | 59.6% | 7.0% |
资本支出强度DTMLCUT
| Q4 25 | 41.3% | 0.6% | ||
| Q3 25 | 45.5% | 0.3% | ||
| Q2 25 | 26.2% | 0.9% | ||
| Q1 25 | 23.4% | 1.1% | ||
| Q4 24 | 36.1% | 0.3% | ||
| Q3 24 | 32.7% | 0.3% | ||
| Q2 24 | 33.2% | 0.4% | ||
| Q1 24 | 40.8% | 0.4% |
现金转化率DTMLCUT
| Q4 25 | 1.45× | 0.21× | ||
| Q3 25 | 2.38× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 2.29× | — | ||
| Q4 24 | 2.08× | 2.28× | ||
| Q3 24 | 2.33× | -65.89× | ||
| Q2 24 | 1.72× | — | ||
| Q1 24 | 2.48× | — |
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
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
