vs
ICON PLC（ICLR）与Restaurant Brands International Inc.（QSR）财务数据对比。点击上方公司名可切换其他公司
Restaurant Brands International Inc.的季度营收约是ICON PLC的1.2倍（$2.5B vs $2.0B），Restaurant Brands International Inc.净利率更高（6.3% vs 0.1%，领先6.2%），Restaurant Brands International Inc.同比增速更快（7.4% vs 0.6%），Restaurant Brands International Inc.自由现金流更多（$453.0M vs $333.9M），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% vs 0.6%）
ICON plc是总部位于爱尔兰的跨国医疗智能与临床研究服务机构，专注为全球医药健康领域客户提供专业研究及情报支持，截至2025年2月，已在全球55个国家布局业务，员工规模约4.19万人。
Restaurant Brands International（简称RBI）是美加合资的跨国快餐控股企业，2014年由汉堡王与加拿大咖啡连锁品牌蒂姆·霍顿斯以125亿美元合并成立，后续先后收购Popeyes、Firehouse Subs两大品牌，现为全球第五大快餐运营商，规模仅次于赛百味、麦当劳、星巴克和百胜餐饮。
ICLR vs QSR — 直观对比
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.5B |
| 净利润 | $2.4M | $155.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | 25.2% |
| 净利率 | 0.1% | 6.3% |
| 营收同比 | 0.6% | 7.4% |
| 净利润同比 | -98.8% | -57.1% |
| 每股收益（稀释后） | $0.03 | $0.33 |
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
| Q4 25 | — | $2.5B | ||
| Q3 25 | $2.0B | $2.4B | ||
| Q2 25 | $2.0B | $2.4B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $2.0B | $2.3B | ||
| Q2 24 | $2.1B | $2.1B | ||
| Q1 24 | $2.1B | $1.7B |
| Q4 25 | — | $155.0M | ||
| Q3 25 | $2.4M | $436.0M | ||
| Q2 25 | $183.0M | $263.0M | ||
| Q1 25 | $154.2M | $221.0M | ||
| Q4 24 | — | $361.0M | ||
| Q3 24 | $197.1M | $357.0M | ||
| Q2 24 | $146.9M | $399.0M | ||
| Q1 24 | $187.4M | $328.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 65.2% |
| Q4 25 | — | 25.2% | ||
| Q3 25 | 4.2% | 27.1% | ||
| Q2 25 | 10.4% | 20.0% | ||
| Q1 25 | 11.0% | 20.6% | ||
| Q4 24 | — | 27.7% | ||
| Q3 24 | 14.1% | 25.2% | ||
| Q2 24 | 10.8% | 31.9% | ||
| Q1 24 | 13.7% | 31.3% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | 0.1% | 17.8% | ||
| Q2 25 | 9.1% | 10.9% | ||
| Q1 25 | 7.7% | 10.5% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | 9.7% | 15.6% | ||
| Q2 24 | 6.9% | 19.2% | ||
| Q1 24 | 9.0% | 18.9% |
| Q4 25 | — | $0.33 | ||
| Q3 25 | $0.03 | $0.96 | ||
| Q2 25 | $2.30 | $0.57 | ||
| Q1 25 | $1.90 | $0.49 | ||
| Q4 24 | — | $0.79 | ||
| Q3 24 | $2.36 | $0.79 | ||
| Q2 24 | $1.76 | $0.88 | ||
| Q1 24 | $2.25 | $0.72 |
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 | $468.9M | — |
| 总债务越低越好 | — | $13.3B |
| 股东权益账面价值 | $9.3B | $3.6B |
| 总资产 | $16.5B | $25.6B |
| 负债/权益比越低杠杆越低 | — | 3.65× |
8季度趋势，按日历期对齐
| Q4 25 | — | — | ||
| Q3 25 | $468.9M | — | ||
| Q2 25 | $390.4M | — | ||
| Q1 25 | $526.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $695.5M | — | ||
| Q2 24 | $506.6M | — | ||
| Q1 24 | $396.1M | — |
| Q4 25 | — | $13.3B | ||
| Q3 25 | — | $13.5B | ||
| Q2 25 | — | $13.6B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | — | $13.6B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.7B | ||
| Q1 24 | — | $12.9B |
| Q4 25 | — | $3.6B | ||
| Q3 25 | $9.3B | $3.4B | ||
| Q2 25 | $9.6B | $3.3B | ||
| Q1 25 | $9.5B | $3.1B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | $9.8B | $3.2B | ||
| Q2 24 | $9.6B | $3.1B | ||
| Q1 24 | $9.4B | $3.0B |
| Q4 25 | — | $25.6B | ||
| Q3 25 | $16.5B | $25.7B | ||
| Q2 25 | $16.6B | $25.7B | ||
| Q1 25 | $16.7B | $24.9B | ||
| Q4 24 | — | $24.6B | ||
| Q3 24 | $17.2B | $25.1B | ||
| Q2 24 | $17.0B | $24.8B | ||
| Q1 24 | $17.0B | $23.1B |
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 3.99× | ||
| Q2 25 | — | 4.10× | ||
| Q1 25 | — | 4.37× | ||
| Q4 24 | — | 4.39× | ||
| Q3 24 | — | 4.22× | ||
| Q2 24 | — | 4.46× | ||
| Q1 24 | — | 4.35× |
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 | $387.6M | $555.0M |
| 自由现金流经营现金流 - 资本支出 | $333.9M | $453.0M |
| 自由现金流率自由现金流/营收 | 16.3% | 18.4% |
| 资本支出强度资本支出/营收 | 2.6% | 4.1% |
| 现金转化率经营现金流/净利润 | 164.59× | 3.58× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $1.4B |
8季度趋势，按日历期对齐
| Q4 25 | — | $555.0M | ||
| Q3 25 | $387.6M | $592.0M | ||
| Q2 25 | $146.2M | $449.0M | ||
| Q1 25 | $268.2M | $118.0M | ||
| Q4 24 | — | $481.0M | ||
| Q3 24 | $402.7M | $540.0M | ||
| Q2 24 | $218.6M | $334.0M | ||
| Q1 24 | $327.1M | $148.0M |
| Q4 25 | — | $453.0M | ||
| Q3 25 | $333.9M | $531.0M | ||
| Q2 25 | $113.9M | $411.0M | ||
| Q1 25 | $239.3M | $54.0M | ||
| Q4 24 | — | $404.0M | ||
| Q3 24 | $359.3M | $485.0M | ||
| Q2 24 | $182.3M | $291.0M | ||
| Q1 24 | $299.9M | $122.0M |
| Q4 25 | — | 18.4% | ||
| Q3 25 | 16.3% | 21.7% | ||
| Q2 25 | 5.6% | 17.1% | ||
| Q1 25 | 12.0% | 2.6% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | 17.7% | 21.2% | ||
| Q2 24 | 8.6% | 14.0% | ||
| Q1 24 | 14.3% | 7.0% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | 2.6% | 2.5% | ||
| Q2 25 | 1.6% | 1.6% | ||
| Q1 25 | 1.4% | 3.0% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | 2.1% | 2.4% | ||
| Q2 24 | 1.7% | 2.1% | ||
| Q1 24 | 1.3% | 1.5% |
| Q4 25 | — | 3.58× | ||
| Q3 25 | 164.59× | 1.36× | ||
| Q2 25 | 0.80× | 1.71× | ||
| Q1 25 | 1.74× | 0.53× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | 2.04× | 1.51× | ||
| Q2 24 | 1.49× | 0.84× | ||
| Q1 24 | 1.74× | 0.45× |
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
ICLR
| Other Customers | $681.3M | 33% |
| Clients1125 | $549.4M | 27% |
| Clients15 | $503.3M | 25% |
| Clients610 | $308.8M | 15% |
QSR
| CA | $1.0B | 41% |
| Other | $330.0M | 13% |
| Advertising | $308.0M | 12% |
| Others | $284.0M | 12% |
| Popeyes Louisiana Kitchen | $195.0M | 8% |
| Burger King | $185.0M | 8% |
| Royalty | $87.0M | 4% |
| Firehouse Subs | $59.0M | 2% |
| Franchisor | $7.0M | 0% |
