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英格索兰（IR）与百胜中国（YUMC）财务数据对比。点击上方公司名可切换其他公司
百胜中国的季度营收约是英格索兰的1.3倍（$2.8B vs $2.1B），英格索兰净利率更高（12.7% vs 5.0%，领先7.8%），英格索兰同比增速更快（10.1% vs 8.8%），英格索兰自由现金流更多（$461.5M vs $-116.0M），过去两年英格索兰的营收复合增速更高（11.9% vs -2.3%）
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。
百胜中国是总部位于上海的世界500强快餐企业，2016年从百胜餐饮集团分拆独立上市，获百胜餐饮集团商标授权，按全系统销售额的3%支付授权费。目前在国内1100多座城市运营超8400家餐厅，全球门店总数超10600家，年营收达95亿美元，是全球规模最大的餐饮企业之一。
IR vs YUMC — 直观对比
营收规模更大
YUMC
是对方的1.3倍
$2.1B
营收增速更快
IR
高出1.4%
8.8%
净利率更高
IR
高出7.8%
5.0%
自由现金流更多
IR
多$577.5M
$-116.0M
两年增速更快
IR
近两年复合增速
-2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.8B |
| 净利润 | $266.1M | $140.0M |
| 毛利率 | 42.6% | — |
| 营业利润率 | 18.7% | 6.6% |
| 净利率 | 12.7% | 5.0% |
| 营收同比 | 10.1% | 8.8% |
| 净利润同比 | 15.8% | 21.7% |
| 每股收益（稀释后） | $0.67 | $0.40 |
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IRYUMC
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $1.7B | $3.0B | ||
| Q4 24 | $1.9B | $2.6B | ||
| Q3 24 | $1.9B | $3.1B | ||
| Q2 24 | $1.8B | $2.7B | ||
| Q1 24 | $1.7B | $3.0B |
净利润IRYUMC
| Q4 25 | $266.1M | $140.0M | ||
| Q3 25 | $244.1M | $282.0M | ||
| Q2 25 | $-115.3M | $215.0M | ||
| Q1 25 | $186.5M | $292.0M | ||
| Q4 24 | $229.8M | $115.0M | ||
| Q3 24 | $221.6M | $297.0M | ||
| Q2 24 | $185.0M | $212.0M | ||
| Q1 24 | $202.2M | $287.0M |
毛利率IRYUMC
| 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% | — |
营业利润率IRYUMC
| Q4 25 | 18.7% | 6.6% | ||
| Q3 25 | 19.2% | 12.5% | ||
| Q2 25 | 4.0% | 10.9% | ||
| Q1 25 | 17.6% | 13.4% | ||
| Q4 24 | 20.0% | 5.8% | ||
| Q3 24 | 19.1% | 12.1% | ||
| Q2 24 | 15.1% | 9.9% | ||
| Q1 24 | 17.6% | 12.6% |
净利率IRYUMC
| Q4 25 | 12.7% | 5.0% | ||
| Q3 25 | 12.5% | 8.8% | ||
| Q2 25 | -6.1% | 7.7% | ||
| Q1 25 | 10.9% | 9.8% | ||
| Q4 24 | 12.1% | 4.4% | ||
| Q3 24 | 11.9% | 9.7% | ||
| Q2 24 | 10.2% | 7.9% | ||
| Q1 24 | 12.1% | 9.7% |
每股收益（稀释后）IRYUMC
| Q4 25 | $0.67 | $0.40 | ||
| Q3 25 | $0.61 | $0.76 | ||
| Q2 25 | $-0.29 | $0.58 | ||
| Q1 25 | $0.46 | $0.77 | ||
| Q4 24 | $0.57 | $0.30 | ||
| Q3 24 | $0.54 | $0.77 | ||
| Q2 24 | $0.45 | $0.55 | ||
| Q1 24 | $0.50 | $0.71 |
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 | $1.4B |
| 总债务越低越好 | $4.8B | — |
| 股东权益账面价值 | $10.1B | $5.4B |
| 总资产 | $18.3B | $10.8B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资IRYUMC
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $2.5B | ||
| Q2 24 | $1.1B | $2.5B | ||
| Q1 24 | $1.5B | $2.4B |
总债务IRYUMC
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $4.8B | — | ||
| Q2 24 | $4.8B | — | ||
| Q1 24 | $2.7B | — |
股东权益IRYUMC
| Q4 25 | $10.1B | $5.4B | ||
| Q3 25 | $10.1B | $5.7B | ||
| Q2 25 | $10.1B | $5.8B | ||
| Q1 25 | $10.5B | $5.8B | ||
| Q4 24 | $10.2B | $5.7B | ||
| Q3 24 | $10.3B | $6.0B | ||
| Q2 24 | $10.0B | $5.8B | ||
| Q1 24 | $9.9B | $5.9B |
总资产IRYUMC
| Q4 25 | $18.3B | $10.8B | ||
| Q3 25 | $18.2B | $11.0B | ||
| Q2 25 | $18.1B | $11.0B | ||
| Q1 25 | $18.4B | $11.0B | ||
| Q4 24 | $18.0B | $11.1B | ||
| Q3 24 | $18.2B | $11.8B | ||
| Q2 24 | $17.8B | $11.6B | ||
| Q1 24 | $15.5B | $11.3B |
负债/权益比IRYUMC
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.27× | — |
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 | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $461.5M | $-116.0M |
| 自由现金流率自由现金流/营收 | 22.1% | -4.1% |
| 资本支出强度资本支出/营收 | 1.8% | 8.5% |
| 现金转化率经营现金流/净利润 | 1.88× | 0.89× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $840.0M |
8季度趋势，按日历期对齐
经营现金流IRYUMC
| Q4 25 | $499.0M | $125.0M | ||
| Q3 25 | $354.6M | $477.0M | ||
| Q2 25 | $245.7M | $412.0M | ||
| Q1 25 | $256.4M | $452.0M | ||
| Q4 24 | $526.2M | $167.0M | ||
| Q3 24 | $404.0M | $409.0M | ||
| Q2 24 | $304.9M | $401.0M | ||
| Q1 24 | $161.6M | $442.0M |
自由现金流IRYUMC
| Q4 25 | $461.5M | $-116.0M | ||
| Q3 25 | $325.5M | $351.0M | ||
| Q2 25 | $210.4M | $290.0M | ||
| Q1 25 | $222.7M | $315.0M | ||
| Q4 24 | $490.9M | $-15.0M | ||
| Q3 24 | $374.3M | $244.0M | ||
| Q2 24 | $283.1M | $232.0M | ||
| Q1 24 | $99.3M | $253.0M |
自由现金流率IRYUMC
| Q4 25 | 22.1% | -4.1% | ||
| Q3 25 | 16.6% | 10.9% | ||
| Q2 25 | 11.1% | 10.4% | ||
| Q1 25 | 13.0% | 10.6% | ||
| Q4 24 | 25.9% | -0.6% | ||
| Q3 24 | 20.1% | 7.9% | ||
| Q2 24 | 15.7% | 8.7% | ||
| Q1 24 | 5.9% | 8.6% |
资本支出强度IRYUMC
| Q4 25 | 1.8% | 8.5% | ||
| Q3 25 | 1.5% | 3.9% | ||
| Q2 25 | 1.9% | 4.4% | ||
| Q1 25 | 2.0% | 4.6% | ||
| Q4 24 | 1.9% | 7.0% | ||
| Q3 24 | 1.6% | 5.4% | ||
| Q2 24 | 1.2% | 6.3% | ||
| Q1 24 | 3.7% | 6.4% |
现金转化率IRYUMC
| Q4 25 | 1.88× | 0.89× | ||
| Q3 25 | 1.45× | 1.69× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | 1.37× | 1.55× | ||
| Q4 24 | 2.29× | 1.45× | ||
| Q3 24 | 1.82× | 1.38× | ||
| Q2 24 | 1.65× | 1.89× | ||
| Q1 24 | 0.80× | 1.54× |
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% |
YUMC
| Revenue From External Customers | $2.1B | 75% |
| Pizza Hut | $540.0M | 19% |
| Corporate And Unallocated | $105.0M | 4% |
| Other Revenue | $45.0M | 2% |
| Franchise Fees And Income | $25.0M | 1% |
