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BRINKER INTERNATIONAL, INC（EAT）与百胜中国（YUMC）财务数据对比。点击上方公司名可切换其他公司
百胜中国的季度营收约是BRINKER INTERNATIONAL, INC的1.9倍（$2.8B vs $1.5B）。BRINKER INTERNATIONAL, INC净利率更高（8.8% vs 5.0%，领先3.9%）。百胜中国同比增速更快（8.8% vs 6.9%）。BRINKER INTERNATIONAL, INC自由现金流更多（$155.2M vs $-116.0M）。过去两年BRINKER INTERNATIONAL, INC的营收复合增速更高（13.9% vs -2.3%）
Brinker International, Inc.是美国跨国餐饮企业，成立于1975年，总部位于得克萨斯州达拉斯，旗下拥有Chili's和Maggiano's Little Italy两大知名连锁餐饮品牌，目前在全球持有、运营或特许经营的上述品牌门店总计达1672家。
百胜中国是总部位于上海的世界500强快餐企业，2016年从百胜餐饮集团分拆独立上市，获百胜餐饮集团商标授权，按全系统销售额的3%支付授权费。目前在国内1100多座城市运营超8400家餐厅，全球门店总数超10600家，年营收达95亿美元，是全球规模最大的餐饮企业之一。
EAT vs YUMC — 直观对比
营收规模更大
YUMC
是对方的1.9倍
$1.5B
营收增速更快
YUMC
高出1.9%
6.9%
净利率更高
EAT
高出3.9%
5.0%
自由现金流更多
EAT
多$271.2M
$-116.0M
两年增速更快
EAT
近两年复合增速
-2.3%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.8B |
| 净利润 | $128.5M | $140.0M |
| 毛利率 | — | — |
| 营业利润率 | 11.6% | 6.6% |
| 净利率 | 8.8% | 5.0% |
| 营收同比 | 6.9% | 8.8% |
| 净利润同比 | 8.4% | 21.7% |
| 每股收益（稀释后） | $2.86 | $0.40 |
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EATYUMC
| Q4 25 | $1.5B | $2.8B | ||
| Q3 25 | $1.3B | $3.2B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.1B | $3.1B | ||
| Q2 24 | $1.2B | $2.7B | ||
| Q1 24 | $1.1B | $3.0B |
净利润EATYUMC
| Q4 25 | $128.5M | $140.0M | ||
| Q3 25 | $99.5M | $282.0M | ||
| Q2 25 | $107.0M | $215.0M | ||
| Q1 25 | $119.1M | $292.0M | ||
| Q4 24 | $118.5M | $115.0M | ||
| Q3 24 | $38.5M | $297.0M | ||
| Q2 24 | $57.3M | $212.0M | ||
| Q1 24 | $48.7M | $287.0M |
营业利润率EATYUMC
| Q4 25 | 11.6% | 6.6% | ||
| Q3 25 | 8.7% | 12.5% | ||
| Q2 25 | 9.8% | 10.9% | ||
| Q1 25 | 11.0% | 13.4% | ||
| Q4 24 | 11.5% | 5.8% | ||
| Q3 24 | 5.0% | 12.1% | ||
| Q2 24 | 6.1% | 9.9% | ||
| Q1 24 | 6.2% | 12.6% |
净利率EATYUMC
| Q4 25 | 8.8% | 5.0% | ||
| Q3 25 | 7.4% | 8.8% | ||
| Q2 25 | 7.3% | 7.7% | ||
| Q1 25 | 8.4% | 9.8% | ||
| Q4 24 | 8.7% | 4.4% | ||
| Q3 24 | 3.4% | 9.7% | ||
| Q2 24 | 4.7% | 7.9% | ||
| Q1 24 | 4.3% | 9.7% |
每股收益（稀释后）EATYUMC
| Q4 25 | $2.86 | $0.40 | ||
| Q3 25 | $2.17 | $0.76 | ||
| Q2 25 | $2.31 | $0.58 | ||
| Q1 25 | $2.56 | $0.77 | ||
| Q4 24 | $2.61 | $0.30 | ||
| Q3 24 | $0.84 | $0.77 | ||
| Q2 24 | $1.22 | $0.55 | ||
| Q1 24 | $1.08 | $0.71 |
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 | $15.0M | $1.4B |
| 总债务越低越好 | $451.3M | — |
| 股东权益账面价值 | $379.3M | $5.4B |
| 总资产 | $2.7B | $10.8B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资EATYUMC
| Q4 25 | $15.0M | $1.4B | ||
| Q3 25 | $33.6M | $2.1B | ||
| Q2 25 | $18.9M | $2.2B | ||
| Q1 25 | $17.5M | $2.0B | ||
| Q4 24 | $14.8M | $1.8B | ||
| Q3 24 | $16.2M | $2.5B | ||
| Q2 24 | $64.6M | $2.5B | ||
| Q1 24 | $15.5M | $2.4B |
总债务EATYUMC
| Q4 25 | $451.3M | — | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $426.0M | — | ||
| Q1 25 | $518.3M | — | ||
| Q4 24 | $652.0M | — | ||
| Q3 24 | $806.9M | — | ||
| Q2 24 | $786.3M | — | ||
| Q1 24 | $818.5M | — |
股东权益EATYUMC
| Q4 25 | $379.3M | $5.4B | ||
| Q3 25 | $343.9M | $5.7B | ||
| Q2 25 | $370.9M | $5.8B | ||
| Q1 25 | $259.0M | $5.8B | ||
| Q4 24 | $131.5M | $5.7B | ||
| Q3 24 | $12.7M | $6.0B | ||
| Q2 24 | $39.4M | $5.8B | ||
| Q1 24 | $-46.7M | $5.9B |
总资产EATYUMC
| Q4 25 | $2.7B | $10.8B | ||
| Q3 25 | $2.7B | $11.0B | ||
| Q2 25 | $2.7B | $11.0B | ||
| Q1 25 | $2.6B | $11.0B | ||
| Q4 24 | $2.6B | $11.1B | ||
| Q3 24 | $2.5B | $11.8B | ||
| Q2 24 | $2.6B | $11.6B | ||
| Q1 24 | $2.5B | $11.3B |
负债/权益比EATYUMC
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 2.00× | — | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 63.54× | — | ||
| Q2 24 | 19.96× | — | ||
| 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 | $218.9M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $155.2M | $-116.0M |
| 自由现金流率自由现金流/营收 | 10.7% | -4.1% |
| 资本支出强度资本支出/营收 | 4.4% | 8.5% |
| 现金转化率经营现金流/净利润 | 1.70× | 0.89× |
| 过去12个月自由现金流最近4个季度 | $455.9M | $840.0M |
8季度趋势，按日历期对齐
经营现金流EATYUMC
| Q4 25 | $218.9M | $125.0M | ||
| Q3 25 | $120.8M | $477.0M | ||
| Q2 25 | $186.0M | $412.0M | ||
| Q1 25 | $212.0M | $452.0M | ||
| Q4 24 | $218.2M | $167.0M | ||
| Q3 24 | $62.8M | $409.0M | ||
| Q2 24 | $141.5M | $401.0M | ||
| Q1 24 | $130.1M | $442.0M |
自由现金流EATYUMC
| Q4 25 | $155.2M | $-116.0M | ||
| Q3 25 | $62.2M | $351.0M | ||
| Q2 25 | $106.1M | $290.0M | ||
| Q1 25 | $132.4M | $315.0M | ||
| Q4 24 | $168.9M | $-15.0M | ||
| Q3 24 | $6.3M | $244.0M | ||
| Q2 24 | $83.5M | $232.0M | ||
| Q1 24 | $78.7M | $253.0M |
自由现金流率EATYUMC
| Q4 25 | 10.7% | -4.1% | ||
| Q3 25 | 4.6% | 10.9% | ||
| Q2 25 | 7.3% | 10.4% | ||
| Q1 25 | 9.3% | 10.6% | ||
| Q4 24 | 12.4% | -0.6% | ||
| Q3 24 | 0.6% | 7.9% | ||
| Q2 24 | 6.9% | 8.7% | ||
| Q1 24 | 7.0% | 8.6% |
资本支出强度EATYUMC
| Q4 25 | 4.4% | 8.5% | ||
| Q3 25 | 4.3% | 3.9% | ||
| Q2 25 | 5.5% | 4.4% | ||
| Q1 25 | 5.6% | 4.6% | ||
| Q4 24 | 3.6% | 7.0% | ||
| Q3 24 | 5.0% | 5.4% | ||
| Q2 24 | 4.8% | 6.3% | ||
| Q1 24 | 4.6% | 6.4% |
现金转化率EATYUMC
| Q4 25 | 1.70× | 0.89× | ||
| Q3 25 | 1.21× | 1.69× | ||
| Q2 25 | 1.74× | 1.92× | ||
| Q1 25 | 1.78× | 1.55× | ||
| Q4 24 | 1.84× | 1.45× | ||
| Q3 24 | 1.63× | 1.38× | ||
| Q2 24 | 2.47× | 1.89× | ||
| Q1 24 | 2.67× | 1.54× |
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
EAT
| Chilis Restaurants | $1.3B | 91% |
| Maggianos Restaurants | $134.9M | 9% |
| Franchise Revenues | $13.4M | 1% |
YUMC
| Revenue From External Customers | $2.1B | 75% |
| Pizza Hut | $540.0M | 19% |
| Corporate And Unallocated | $105.0M | 4% |
| Other Revenue | $45.0M | 2% |
| Franchise Fees And Income | $25.0M | 1% |
