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英格索兰（IR）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.的季度营收约是英格索兰的1.2倍（$2.5B vs $2.1B），英格索兰净利率更高（12.7% vs 6.3%，领先6.4%），英格索兰同比增速更快（10.1% vs 7.4%），英格索兰自由现金流更多（$461.5M vs $453.0M），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% vs 11.9%）
英格索兰是一家美国跨国企业，主营流体生产及工业产品业务。公司于2020年2月由原英格索兰plc的工业业务板块分拆后与加德纳丹佛合并组建，旗下拥有40多个品牌，产品覆盖全球所有主要市场。
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。
IR vs QSR — 直观对比
营收规模更大
QSR
是对方的1.2倍
$2.1B
营收增速更快
IR
高出2.7%
7.4%
净利率更高
IR
高出6.4%
6.3%
自由现金流更多
IR
多$8.5M
$453.0M
两年增速更快
QSR
近两年复合增速
11.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.5B |
| 净利润 | $266.1M | $155.0M |
| 毛利率 | 42.6% | — |
| 营业利润率 | 18.7% | 25.2% |
| 净利率 | 12.7% | 6.3% |
| 营收同比 | 10.1% | 7.4% |
| 净利润同比 | 15.8% | -57.1% |
| 每股收益（稀释后） | $0.67 | $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
营收IRQSR
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $2.0B | $2.4B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $1.7B | $2.1B | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.8B | $2.1B | ||
| Q1 24 | $1.7B | $1.7B |
净利润IRQSR
| Q4 25 | $266.1M | $155.0M | ||
| Q3 25 | $244.1M | $436.0M | ||
| Q2 25 | $-115.3M | $263.0M | ||
| Q1 25 | $186.5M | $221.0M | ||
| Q4 24 | $229.8M | $361.0M | ||
| Q3 24 | $221.6M | $357.0M | ||
| Q2 24 | $185.0M | $399.0M | ||
| Q1 24 | $202.2M | $328.0M |
毛利率IRQSR
| Q4 25 | 42.6% | — | ||
| Q3 25 | 43.7% | — | ||
| Q2 25 | 43.7% | — | ||
| Q1 25 | 44.6% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 43.8% | — | ||
| Q2 24 | 43.9% | — | ||
| Q1 24 | 44.7% | 65.2% |
营业利润率IRQSR
| Q4 25 | 18.7% | 25.2% | ||
| Q3 25 | 19.2% | 27.1% | ||
| Q2 25 | 4.0% | 20.0% | ||
| Q1 25 | 17.6% | 20.6% | ||
| Q4 24 | 20.0% | 27.7% | ||
| Q3 24 | 19.1% | 25.2% | ||
| Q2 24 | 15.1% | 31.9% | ||
| Q1 24 | 17.6% | 31.3% |
净利率IRQSR
| Q4 25 | 12.7% | 6.3% | ||
| Q3 25 | 12.5% | 17.8% | ||
| Q2 25 | -6.1% | 10.9% | ||
| Q1 25 | 10.9% | 10.5% | ||
| Q4 24 | 12.1% | 15.7% | ||
| Q3 24 | 11.9% | 15.6% | ||
| Q2 24 | 10.2% | 19.2% | ||
| Q1 24 | 12.1% | 18.9% |
每股收益（稀释后）IRQSR
| Q4 25 | $0.67 | $0.33 | ||
| Q3 25 | $0.61 | $0.96 | ||
| Q2 25 | $-0.29 | $0.57 | ||
| Q1 25 | $0.46 | $0.49 | ||
| Q4 24 | $0.57 | $0.79 | ||
| Q3 24 | $0.54 | $0.79 | ||
| Q2 24 | $0.45 | $0.88 | ||
| Q1 24 | $0.50 | $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 | $1.2B | — |
| 总债务越低越好 | $4.8B | $13.3B |
| 股东权益账面价值 | $10.1B | $3.6B |
| 总资产 | $18.3B | $25.6B |
| 负债/权益比越低杠杆越低 | 0.47× | 3.65× |
8季度趋势，按日历期对齐
现金及短期投资IRQSR
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.5B | — |
总债务IRQSR
| Q4 25 | $4.8B | $13.3B | ||
| Q3 25 | $4.8B | $13.5B | ||
| Q2 25 | $4.8B | $13.6B | ||
| Q1 25 | $4.8B | $13.6B | ||
| Q4 24 | $4.8B | $13.6B | ||
| Q3 24 | $4.8B | $13.7B | ||
| Q2 24 | $4.8B | $13.7B | ||
| Q1 24 | $2.7B | $12.9B |
股东权益IRQSR
| Q4 25 | $10.1B | $3.6B | ||
| Q3 25 | $10.1B | $3.4B | ||
| Q2 25 | $10.1B | $3.3B | ||
| Q1 25 | $10.5B | $3.1B | ||
| Q4 24 | $10.2B | $3.1B | ||
| Q3 24 | $10.3B | $3.2B | ||
| Q2 24 | $10.0B | $3.1B | ||
| Q1 24 | $9.9B | $3.0B |
总资产IRQSR
| Q4 25 | $18.3B | $25.6B | ||
| Q3 25 | $18.2B | $25.7B | ||
| Q2 25 | $18.1B | $25.7B | ||
| Q1 25 | $18.4B | $24.9B | ||
| Q4 24 | $18.0B | $24.6B | ||
| Q3 24 | $18.2B | $25.1B | ||
| Q2 24 | $17.8B | $24.8B | ||
| Q1 24 | $15.5B | $23.1B |
负债/权益比IRQSR
| Q4 25 | 0.47× | 3.65× | ||
| Q3 25 | 0.47× | 3.99× | ||
| Q2 25 | 0.47× | 4.10× | ||
| Q1 25 | 0.45× | 4.37× | ||
| Q4 24 | 0.47× | 4.39× | ||
| Q3 24 | 0.47× | 4.22× | ||
| Q2 24 | 0.48× | 4.46× | ||
| Q1 24 | 0.27× | 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 | $499.0M | $555.0M |
| 自由现金流经营现金流 - 资本支出 | $461.5M | $453.0M |
| 自由现金流率自由现金流/营收 | 22.1% | 18.4% |
| 资本支出强度资本支出/营收 | 1.8% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.88× | 3.58× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.4B |
8季度趋势，按日历期对齐
经营现金流IRQSR
| Q4 25 | $499.0M | $555.0M | ||
| Q3 25 | $354.6M | $592.0M | ||
| Q2 25 | $245.7M | $449.0M | ||
| Q1 25 | $256.4M | $118.0M | ||
| Q4 24 | $526.2M | $481.0M | ||
| Q3 24 | $404.0M | $540.0M | ||
| Q2 24 | $304.9M | $334.0M | ||
| Q1 24 | $161.6M | $148.0M |
自由现金流IRQSR
| Q4 25 | $461.5M | $453.0M | ||
| Q3 25 | $325.5M | $531.0M | ||
| Q2 25 | $210.4M | $411.0M | ||
| Q1 25 | $222.7M | $54.0M | ||
| Q4 24 | $490.9M | $404.0M | ||
| Q3 24 | $374.3M | $485.0M | ||
| Q2 24 | $283.1M | $291.0M | ||
| Q1 24 | $99.3M | $122.0M |
自由现金流率IRQSR
| Q4 25 | 22.1% | 18.4% | ||
| Q3 25 | 16.6% | 21.7% | ||
| Q2 25 | 11.1% | 17.1% | ||
| Q1 25 | 13.0% | 2.6% | ||
| Q4 24 | 25.9% | 17.6% | ||
| Q3 24 | 20.1% | 21.2% | ||
| Q2 24 | 15.7% | 14.0% | ||
| Q1 24 | 5.9% | 7.0% |
资本支出强度IRQSR
| Q4 25 | 1.8% | 4.1% | ||
| Q3 25 | 1.5% | 2.5% | ||
| Q2 25 | 1.9% | 1.6% | ||
| Q1 25 | 2.0% | 3.0% | ||
| Q4 24 | 1.9% | 3.4% | ||
| Q3 24 | 1.6% | 2.4% | ||
| Q2 24 | 1.2% | 2.1% | ||
| Q1 24 | 3.7% | 1.5% |
现金转化率IRQSR
| Q4 25 | 1.88× | 3.58× | ||
| Q3 25 | 1.45× | 1.36× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | 1.37× | 0.53× | ||
| Q4 24 | 2.29× | 1.33× | ||
| Q3 24 | 1.82× | 1.51× | ||
| Q2 24 | 1.65× | 0.84× | ||
| Q1 24 | 0.80× | 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
IR
| Transferred At Point In Time | $1.5B | 71% |
| Transferred Over Time | $193.0M | 9% |
| Precision And Science Technologies Segment | $183.1M | 9% |
| Acquisitions In2024 | $175.6M | 8% |
| Acquisitions In2025 | $70.8M | 3% |
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% |
