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和黄医药（HCM）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
和黄医药的季度营收约是百胜餐饮集团的1.3倍（$270.8M vs $204.1M），百胜餐饮集团净利率更高（8.9% vs 0.7%，领先8.2%），百胜餐饮集团同比增速更快（-5.2% vs -16.5%），和黄医药自由现金流更多（$3.4M vs $2.6M）
和黄医药是一家国际化生物制药企业，专注于肿瘤、免疫类疾病的靶向疗法与免疫疗法的研发、生产及商业化，核心市场覆盖中国及全球多个国家地区，已有多款肿瘤治疗药物上市，后期临床管线储备丰富。
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。
HCM vs LCUT — 直观对比
营收规模更大
HCM
是对方的1.3倍
$204.1M
营收增速更快
LCUT
高出11.4%
-16.5%
净利率更高
LCUT
高出8.2%
0.7%
自由现金流更多
HCM
多$751.0K
$2.6M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.8M | $204.1M |
| 净利润 | $2.0M | $18.2M |
| 毛利率 | 37.7% | 38.6% |
| 营业利润率 | -13.2% | 9.8% |
| 净利率 | 0.7% | 8.9% |
| 营收同比 | -16.5% | -5.2% |
| 净利润同比 | -83.6% | 103.5% |
| 每股收益（稀释后） | $0.00 | $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HCMLCUT
| Q4 25 | $270.8M | $204.1M | ||
| Q3 25 | — | $171.9M | ||
| Q2 25 | $277.7M | $131.9M | ||
| Q1 25 | $324.5M | $140.1M | ||
| Q4 24 | — | $215.2M | ||
| Q3 24 | — | $183.8M | ||
| Q2 24 | $305.7M | $141.7M | ||
| Q1 24 | — | $142.2M |
净利润HCMLCUT
| Q4 25 | $2.0M | $18.2M | ||
| Q3 25 | — | $-1.2M | ||
| Q2 25 | $455.0M | $-39.7M | ||
| Q1 25 | $11.9M | $-4.2M | ||
| Q4 24 | — | $8.9M | ||
| Q3 24 | — | $344.0K | ||
| Q2 24 | $25.8M | $-18.2M | ||
| Q1 24 | — | $-6.3M |
毛利率HCMLCUT
| Q4 25 | 37.7% | 38.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | 0.1% | 38.6% | ||
| Q1 25 | 48.0% | 36.1% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.7% | ||
| Q2 24 | 41.1% | 38.5% | ||
| Q1 24 | — | 40.5% |
营业利润率HCMLCUT
| Q4 25 | -13.2% | 9.8% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | -1.3% | -28.2% | ||
| Q1 25 | -5.0% | 0.8% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | -9.0% | 0.8% | ||
| Q1 24 | — | 1.3% |
净利率HCMLCUT
| Q4 25 | 0.7% | 8.9% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | 163.8% | -30.1% | ||
| Q1 25 | 3.7% | -3.0% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | 8.4% | -12.8% | ||
| Q1 24 | — | -4.4% |
每股收益（稀释后）HCMLCUT
| Q4 25 | $0.00 | $0.83 | ||
| Q3 25 | — | $-0.05 | ||
| Q2 25 | $0.52 | $-1.83 | ||
| Q1 25 | $0.01 | $-0.19 | ||
| Q4 24 | — | $0.41 | ||
| Q3 24 | — | $0.02 | ||
| Q2 24 | $0.03 | $-0.85 | ||
| Q1 24 | — | $-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 | $1.4B | $4.3M |
| 总债务越低越好 | $93.2M | $135.0M |
| 股东权益账面价值 | $1.2B | $202.3M |
| 总资产 | $1.8B | $572.6M |
| 负债/权益比越低杠杆越低 | 0.08× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资HCMLCUT
| Q4 25 | $1.4B | $4.3M | ||
| Q3 25 | — | $12.1M | ||
| Q2 25 | $1.4B | $12.0M | ||
| Q1 25 | $836.1M | $10.4M | ||
| Q4 24 | — | $2.9M | ||
| Q3 24 | — | $6.0M | ||
| Q2 24 | $802.5M | $3.4M | ||
| Q1 24 | — | $4.6M |
总债务HCMLCUT
| Q4 25 | $93.2M | $135.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
股东权益HCMLCUT
| Q4 25 | $1.2B | $202.3M | ||
| Q3 25 | — | $184.6M | ||
| Q2 25 | $1.2B | $185.8M | ||
| Q1 25 | $759.9M | $225.7M | ||
| Q4 24 | — | $229.9M | ||
| Q3 24 | — | $220.9M | ||
| Q2 24 | $740.1M | $219.8M | ||
| Q1 24 | — | $223.7M |
总资产HCMLCUT
| Q4 25 | $1.8B | $572.6M | ||
| Q3 25 | — | $581.1M | ||
| Q2 25 | $1.8B | $551.9M | ||
| Q1 25 | $1.3B | $594.6M | ||
| Q4 24 | — | $634.3M | ||
| Q3 24 | — | $668.7M | ||
| Q2 24 | $1.3B | $617.0M | ||
| Q1 24 | — | $602.7M |
负债/权益比HCMLCUT
| Q4 25 | 0.08× | 0.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.11× | — | ||
| 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 | $8.2M | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $3.4M | $2.6M |
| 自由现金流率自由现金流/营收 | 1.2% | 1.3% |
| 资本支出强度资本支出/营收 | 1.8% | 0.6% |
| 现金转化率经营现金流/净利润 | 4.21× | 0.21× |
| 过去12个月自由现金流最近4个季度 | $-96.2M | $3.3M |
8季度趋势，按日历期对齐
经营现金流HCMLCUT
| Q4 25 | $8.2M | $3.7M | ||
| Q3 25 | — | $-22.2M | ||
| Q2 25 | $-72.9M | $9.3M | ||
| Q1 25 | $40.3M | $16.7M | ||
| Q4 24 | — | $20.3M | ||
| Q3 24 | — | $-22.7M | ||
| Q2 24 | $-39.8M | $10.4M | ||
| Q1 24 | — | $10.5M |
自由现金流HCMLCUT
| Q4 25 | $3.4M | $2.6M | ||
| Q3 25 | — | $-22.7M | ||
| Q2 25 | $-82.2M | $8.2M | ||
| Q1 25 | $32.5M | $15.1M | ||
| Q4 24 | — | $19.7M | ||
| Q3 24 | — | $-23.2M | ||
| Q2 24 | $-49.9M | $9.9M | ||
| Q1 24 | — | $9.9M |
自由现金流率HCMLCUT
| Q4 25 | 1.2% | 1.3% | ||
| Q3 25 | — | -13.2% | ||
| Q2 25 | -29.6% | 6.2% | ||
| Q1 25 | 10.0% | 10.8% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | -12.6% | ||
| Q2 24 | -16.3% | 7.0% | ||
| Q1 24 | — | 7.0% |
资本支出强度HCMLCUT
| Q4 25 | 1.8% | 0.6% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | 3.3% | 0.9% | ||
| Q1 25 | 2.4% | 1.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | 3.3% | 0.4% | ||
| Q1 24 | — | 0.4% |
现金转化率HCMLCUT
| Q4 25 | 4.21× | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | 3.38× | — | ||
| Q4 24 | — | 2.28× | ||
| Q3 24 | — | -65.89× | ||
| Q2 24 | -1.54× | — | ||
| Q1 24 | — | — |
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
HCM
暂无分部数据
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
