vs
GLACIER BANCORP, INC.（GBCI）与棒约翰（PZZA）财务数据对比。点击上方公司名可切换其他公司
棒约翰的季度营收约是GLACIER BANCORP, INC.的1.6倍（$498.2M vs $306.8M），GLACIER BANCORP, INC.净利率更高（26.8% vs 1.4%，领先25.4%），过去两年GLACIER BANCORP, INC.的营收复合增速更高（24.3% vs -1.5%）
Glacier Bancorp, Inc.是美国区域性多银行控股公司，总部位于蒙大拿州卡利斯佩尔，前身为1990年在特拉华州注册成立的企业。集团面向个人及商业客户提供各类银行服务，在全美8个州共设有221个营业网点。
棒约翰国际是源自美国的知名披萨餐饮连锁品牌，截至2023年，它是美国市场规模第四大披萨外送连锁餐饮集团，总部设于肯塔基州路易斯维尔与佐治亚州亚特兰大的都会区，在全球多地开设门店，主打披萨外卖业务。
GBCI vs PZZA — 直观对比
营收规模更大
PZZA
是对方的1.6倍
$306.8M
净利率更高
GBCI
高出25.4%
1.4%
两年增速更快
GBCI
近两年复合增速
-1.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $306.8M | $498.2M |
| 净利润 | $82.1M | $7.1M |
| 毛利率 | — | — |
| 营业利润率 | — | 4.9% |
| 净利率 | 26.8% | 1.4% |
| 营收同比 | — | -6.1% |
| 净利润同比 | 28.8% | -52.2% |
| 每股收益（稀释后） | $0.63 | $0.22 |
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GBCIPZZA
| Q1 26 | $306.8M | — | ||
| Q4 25 | $306.5M | $498.2M | ||
| Q3 25 | $260.7M | $508.2M | ||
| Q2 25 | $240.6M | $529.2M | ||
| Q1 25 | $222.6M | $518.3M | ||
| Q4 24 | $223.0M | $530.8M | ||
| Q3 24 | $214.9M | $506.8M | ||
| Q2 24 | $198.7M | $507.9M |
净利润GBCIPZZA
| Q1 26 | $82.1M | — | ||
| Q4 25 | $63.8M | $7.1M | ||
| Q3 25 | $67.9M | $4.7M | ||
| Q2 25 | $52.8M | $9.5M | ||
| Q1 25 | $54.6M | $9.2M | ||
| Q4 24 | $61.8M | $14.8M | ||
| Q3 24 | $51.1M | $41.8M | ||
| Q2 24 | $44.7M | $12.2M |
营业利润率GBCIPZZA
| Q1 26 | — | — | ||
| Q4 25 | 24.9% | 4.9% | ||
| Q3 25 | 32.7% | 3.2% | ||
| Q2 25 | 27.1% | 4.6% | ||
| Q1 25 | 28.5% | 4.6% | ||
| Q4 24 | 33.0% | 5.6% | ||
| Q3 24 | 28.9% | 12.9% | ||
| Q2 24 | 27.3% | 5.6% |
净利率GBCIPZZA
| Q1 26 | 26.8% | — | ||
| Q4 25 | 20.8% | 1.4% | ||
| Q3 25 | 26.0% | 0.9% | ||
| Q2 25 | 21.9% | 1.8% | ||
| Q1 25 | 24.5% | 1.8% | ||
| Q4 24 | 27.7% | 2.8% | ||
| Q3 24 | 23.8% | 8.2% | ||
| Q2 24 | 22.5% | 2.4% |
每股收益（稀释后）GBCIPZZA
| Q1 26 | $0.63 | — | ||
| Q4 25 | $0.49 | $0.22 | ||
| Q3 25 | $0.57 | $0.13 | ||
| Q2 25 | $0.45 | $0.28 | ||
| Q1 25 | $0.48 | $0.27 | ||
| Q4 24 | $0.55 | $0.46 | ||
| Q3 24 | $0.45 | $1.27 | ||
| Q2 24 | $0.39 | $0.37 |
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 | $1.4B | $34.6M |
| 总债务越低越好 | — | $722.3M |
| 股东权益账面价值 | $4.2B | $-444.8M |
| 总资产 | $31.7B | $837.5M |
| 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GBCIPZZA
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | $34.6M | ||
| Q3 25 | — | $39.0M | ||
| Q2 25 | — | $33.3M | ||
| Q1 25 | — | $44.0M | ||
| Q4 24 | — | $38.0M | ||
| Q3 24 | — | $17.6M | ||
| Q2 24 | — | $24.3M |
总债务GBCIPZZA
| Q1 26 | — | — | ||
| Q4 25 | — | $722.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GBCIPZZA
| Q1 26 | $4.2B | — | ||
| Q4 25 | $4.2B | $-444.8M | ||
| Q3 25 | $3.6B | $-439.3M | ||
| Q2 25 | $3.5B | $-432.0M | ||
| Q1 25 | $3.3B | $-431.9M | ||
| Q4 24 | $3.2B | $-429.5M | ||
| Q3 24 | $3.2B | $-430.9M | ||
| Q2 24 | $3.1B | $-461.7M |
总资产GBCIPZZA
| Q1 26 | $31.7B | — | ||
| Q4 25 | $32.0B | $837.5M | ||
| Q3 25 | $29.0B | $884.1M | ||
| Q2 25 | $29.0B | $890.4M | ||
| Q1 25 | $27.9B | $898.1M | ||
| Q4 24 | $27.9B | $889.0M | ||
| Q3 24 | $28.2B | $860.9M | ||
| Q2 24 | $27.8B | $838.4M |
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 | — | $19.8M |
| 自由现金流经营现金流 - 资本支出 | — | $2.1M |
| 自由现金流率自由现金流/营收 | — | 0.4% |
| 资本支出强度资本支出/营收 | — | 3.6% |
| 现金转化率经营现金流/净利润 | — | 2.80× |
| 过去12个月自由现金流最近4个季度 | — | $61.3M |
8季度趋势，按日历期对齐
经营现金流GBCIPZZA
| Q1 26 | — | — | ||
| Q4 25 | $374.4M | $19.8M | ||
| Q3 25 | $112.4M | $39.3M | ||
| Q2 25 | $86.0M | $35.5M | ||
| Q1 25 | $52.4M | $31.3M | ||
| Q4 24 | $258.0M | $50.7M | ||
| Q3 24 | $150.1M | $13.9M | ||
| Q2 24 | $62.7M | $30.0M |
自由现金流GBCIPZZA
| Q1 26 | — | — | ||
| Q4 25 | $347.6M | $2.1M | ||
| Q3 25 | $104.8M | $22.7M | ||
| Q2 25 | $79.5M | $17.4M | ||
| Q1 25 | $46.8M | $19.1M | ||
| Q4 24 | $209.8M | $25.2M | ||
| Q3 24 | $137.7M | $-3.8M | ||
| Q2 24 | $44.1M | $13.9M |
自由现金流率GBCIPZZA
| Q1 26 | — | — | ||
| Q4 25 | 113.4% | 0.4% | ||
| Q3 25 | 40.2% | 4.5% | ||
| Q2 25 | 33.1% | 3.3% | ||
| Q1 25 | 21.0% | 3.7% | ||
| Q4 24 | 94.1% | 4.7% | ||
| Q3 24 | 64.1% | -0.8% | ||
| Q2 24 | 22.2% | 2.7% |
资本支出强度GBCIPZZA
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | 3.6% | ||
| Q3 25 | 2.9% | 3.3% | ||
| Q2 25 | 2.7% | 3.4% | ||
| Q1 25 | 2.5% | 2.4% | ||
| Q4 24 | 21.6% | 4.8% | ||
| Q3 24 | 5.8% | 3.5% | ||
| Q2 24 | 9.3% | 3.2% |
现金转化率GBCIPZZA
| Q1 26 | — | — | ||
| Q4 25 | 5.87× | 2.80× | ||
| Q3 25 | 1.66× | 8.36× | ||
| Q2 25 | 1.63× | 3.73× | ||
| Q1 25 | 0.96× | 3.40× | ||
| Q4 24 | 4.18× | 3.43× | ||
| Q3 24 | 2.94× | 0.33× | ||
| Q2 24 | 1.40× | 2.45× |
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
GBCI
| Net Interest Income | $268.7M | 88% |
| Noninterest Income | $38.1M | 12% |
PZZA
| Commissary | $236.8M | 48% |
| Company Owned Restaurant Sales | $154.4M | 31% |
| Franchisor | $47.5M | 10% |
| Advertising | $37.2M | 7% |
| Other | $22.2M | 4% |
