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IBEX Ltd（IBEX）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
百胜餐饮集团的季度营收约是IBEX Ltd的1.2倍（$204.1M vs $164.2M），百胜餐饮集团净利率更高（8.9% vs 7.4%，领先1.5%），IBEX Ltd同比增速更快（16.7% vs -5.2%），百胜餐饮集团自由现金流更多（$2.6M vs $-5.1M），过去两年百胜餐饮集团的营收复合增速更高（19.8% vs 13.8%）
IBEX 35是西班牙主要交易所马德里证券交易所的基准股票指数，该指数始创于1992年，由西班牙证券市场集团BME旗下的交易所公司负责计算与管理。它以市值加权编制，涵盖马德里证券交易所流动性最高的35只西班牙股票，每年进行两次成分股调整。
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。
IBEX vs LCUT — 直观对比
营收规模更大
LCUT
是对方的1.2倍
$164.2M
营收增速更快
IBEX
高出21.9%
-5.2%
净利率更高
LCUT
高出1.5%
7.4%
自由现金流更多
LCUT
多$7.7M
$-5.1M
两年增速更快
LCUT
近两年复合增速
13.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $164.2M | $204.1M |
| 净利润 | $12.2M | $18.2M |
| 毛利率 | — | 38.6% |
| 营业利润率 | 9.3% | 9.8% |
| 净利率 | 7.4% | 8.9% |
| 营收同比 | 16.7% | -5.2% |
| 净利润同比 | 31.8% | 103.5% |
| 每股收益（稀释后） | $0.83 | $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IBEXLCUT
| Q4 25 | $164.2M | $204.1M | ||
| Q3 25 | $151.2M | $171.9M | ||
| Q2 25 | $147.1M | $131.9M | ||
| Q1 25 | $140.7M | $140.1M | ||
| Q4 24 | $140.7M | $215.2M | ||
| Q3 24 | $129.7M | $183.8M | ||
| Q2 24 | $124.5M | $141.7M | ||
| Q1 24 | $126.8M | $142.2M |
净利润IBEXLCUT
| Q4 25 | $12.2M | $18.2M | ||
| Q3 25 | $12.0M | $-1.2M | ||
| Q2 25 | $9.6M | $-39.7M | ||
| Q1 25 | $10.5M | $-4.2M | ||
| Q4 24 | $9.3M | $8.9M | ||
| Q3 24 | $7.5M | $344.0K | ||
| Q2 24 | $9.8M | $-18.2M | ||
| Q1 24 | $10.3M | $-6.3M |
毛利率IBEXLCUT
| 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IBEXLCUT
| Q4 25 | 9.3% | 9.8% | ||
| Q3 25 | 9.1% | 3.9% | ||
| Q2 25 | 8.3% | -28.2% | ||
| Q1 25 | 9.5% | 0.8% | ||
| Q4 24 | 8.5% | 7.2% | ||
| Q3 24 | 7.0% | 4.7% | ||
| Q2 24 | 10.3% | 0.8% | ||
| Q1 24 | 8.9% | 1.3% |
净利率IBEXLCUT
| Q4 25 | 7.4% | 8.9% | ||
| Q3 25 | 8.0% | -0.7% | ||
| Q2 25 | 6.5% | -30.1% | ||
| Q1 25 | 7.4% | -3.0% | ||
| Q4 24 | 6.6% | 4.1% | ||
| Q3 24 | 5.8% | 0.2% | ||
| Q2 24 | 7.9% | -12.8% | ||
| Q1 24 | 8.1% | -4.4% |
每股收益（稀释后）IBEXLCUT
| Q4 25 | $0.83 | $0.83 | ||
| Q3 25 | $0.82 | $-0.05 | ||
| Q2 25 | $0.63 | $-1.83 | ||
| Q1 25 | $0.73 | $-0.19 | ||
| Q4 24 | $0.57 | $0.41 | ||
| Q3 24 | $0.43 | $0.02 | ||
| Q2 24 | $0.55 | $-0.85 | ||
| Q1 24 | $0.57 | $-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 | $15.5M | $4.3M |
| 总债务越低越好 | $594.0K | $135.0M |
| 股东权益账面价值 | $154.5M | $202.3M |
| 总资产 | $295.8M | $572.6M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资IBEXLCUT
| Q4 25 | $15.5M | $4.3M | ||
| Q3 25 | $22.7M | $12.1M | ||
| Q2 25 | $15.3M | $12.0M | ||
| Q1 25 | $13.0M | $10.4M | ||
| Q4 24 | $20.2M | $2.9M | ||
| Q3 24 | $62.3M | $6.0M | ||
| Q2 24 | $62.7M | $3.4M | ||
| Q1 24 | $50.7M | $4.6M |
总债务IBEXLCUT
| Q4 25 | $594.0K | $135.0M | ||
| Q3 25 | $726.0K | — | ||
| Q2 25 | $796.0K | — | ||
| Q1 25 | $735.0K | — | ||
| Q4 24 | $695.0K | $142.5M | ||
| Q3 24 | $802.0K | — | ||
| Q2 24 | $867.0K | — | ||
| Q1 24 | $820.0K | — |
股东权益IBEXLCUT
| Q4 25 | $154.5M | $202.3M | ||
| Q3 25 | $143.6M | $184.6M | ||
| Q2 25 | $134.3M | $185.8M | ||
| Q1 25 | $124.2M | $225.7M | ||
| Q4 24 | $108.9M | $229.9M | ||
| Q3 24 | $171.1M | $220.9M | ||
| Q2 24 | $165.8M | $219.8M | ||
| Q1 24 | $159.3M | $223.7M |
总资产IBEXLCUT
| Q4 25 | $295.8M | $572.6M | ||
| Q3 25 | $283.9M | $581.1M | ||
| Q2 25 | $273.2M | $551.9M | ||
| Q1 25 | $274.7M | $594.6M | ||
| Q4 24 | $272.5M | $634.3M | ||
| Q3 24 | $306.3M | $668.7M | ||
| Q2 24 | $293.9M | $617.0M | ||
| Q1 24 | $289.6M | $602.7M |
负债/权益比IBEXLCUT
| Q4 25 | 0.00× | 0.67× | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | 0.62× | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | 0.01× | — |
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 | $6.6M | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $-5.1M | $2.6M |
| 自由现金流率自由现金流/营收 | -3.1% | 1.3% |
| 资本支出强度资本支出/营收 | 7.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 0.54× | 0.21× |
| 过去12个月自由现金流最近4个季度 | $29.3M | $3.3M |
8季度趋势，按日历期对齐
经营现金流IBEXLCUT
| Q4 25 | $6.6M | $3.7M | ||
| Q3 25 | $15.7M | $-22.2M | ||
| Q2 25 | $27.9M | $9.3M | ||
| Q1 25 | $8.8M | $16.7M | ||
| Q4 24 | $1.1M | $20.3M | ||
| Q3 24 | $7.8M | $-22.7M | ||
| Q2 24 | $17.4M | $10.4M | ||
| Q1 24 | $11.4M | $10.5M |
自由现金流IBEXLCUT
| Q4 25 | $-5.1M | $2.6M | ||
| Q3 25 | $8.0M | $-22.7M | ||
| Q2 25 | $22.8M | $8.2M | ||
| Q1 25 | $3.6M | $15.1M | ||
| Q4 24 | $-3.2M | $19.7M | ||
| Q3 24 | $4.1M | $-23.2M | ||
| Q2 24 | $15.2M | $9.9M | ||
| Q1 24 | $9.7M | $9.9M |
自由现金流率IBEXLCUT
| Q4 25 | -3.1% | 1.3% | ||
| Q3 25 | 5.3% | -13.2% | ||
| Q2 25 | 15.5% | 6.2% | ||
| Q1 25 | 2.5% | 10.8% | ||
| Q4 24 | -2.3% | 9.1% | ||
| Q3 24 | 3.2% | -12.6% | ||
| Q2 24 | 12.2% | 7.0% | ||
| Q1 24 | 7.7% | 7.0% |
资本支出强度IBEXLCUT
| Q4 25 | 7.1% | 0.6% | ||
| Q3 25 | 5.1% | 0.3% | ||
| Q2 25 | 3.5% | 0.9% | ||
| Q1 25 | 3.7% | 1.1% | ||
| Q4 24 | 3.1% | 0.3% | ||
| Q3 24 | 2.8% | 0.3% | ||
| Q2 24 | 1.8% | 0.4% | ||
| Q1 24 | 1.3% | 0.4% |
现金转化率IBEXLCUT
| Q4 25 | 0.54× | 0.21× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 2.91× | — | ||
| Q1 25 | 0.84× | — | ||
| Q4 24 | 0.12× | 2.28× | ||
| Q3 24 | 1.03× | -65.89× | ||
| Q2 24 | 1.77× | — | ||
| Q1 24 | 1.11× | — |
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
IBEX
| Transferred Over Time | $147.1M | 90% |
| Transferred At Point In Time | $17.1M | 10% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
