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百胜餐饮集团（LCUT）与MARCUS CORP（MCS）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MARCUS CORP的1.1倍（$204.1M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs -5.2%），MARCUS CORP自由现金流更多（$26.4M vs $2.6M），过去两年百胜餐饮集团的营收复合增速更高（19.8% vs 18.2%）
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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
LCUT vs MCS — 直观对比
营收规模更大
LCUT
是对方的1.1倍
$193.5M
营收增速更快
MCS
高出7.9%
-5.2%
自由现金流更多
MCS
多$23.8M
$2.6M
两年增速更快
LCUT
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $193.5M |
| 净利润 | $18.2M | — |
| 毛利率 | 38.6% | — |
| 营业利润率 | 9.8% | 0.9% |
| 净利率 | 8.9% | — |
| 营收同比 | -5.2% | 2.8% |
| 净利润同比 | 103.5% | — |
| 每股收益（稀释后） | $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LCUTMCS
| Q4 25 | $204.1M | $193.5M | ||
| Q3 25 | $171.9M | $210.2M | ||
| Q2 25 | $131.9M | $206.0M | ||
| Q1 25 | $140.1M | $148.8M | ||
| Q4 24 | $215.2M | $188.3M | ||
| Q3 24 | $183.8M | $232.7M | ||
| Q2 24 | $141.7M | $176.0M | ||
| Q1 24 | $142.2M | $138.5M |
净利润LCUTMCS
| Q4 25 | $18.2M | — | ||
| Q3 25 | $-1.2M | $16.2M | ||
| Q2 25 | $-39.7M | $7.3M | ||
| Q1 25 | $-4.2M | $-16.8M | ||
| Q4 24 | $8.9M | $986.0K | ||
| Q3 24 | $344.0K | $23.3M | ||
| Q2 24 | $-18.2M | $-20.2M | ||
| Q1 24 | $-6.3M | $-11.9M |
毛利率LCUTMCS
| 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LCUTMCS
| Q4 25 | 9.8% | 0.9% | ||
| Q3 25 | 3.9% | 10.8% | ||
| Q2 25 | -28.2% | 6.3% | ||
| Q1 25 | 0.8% | -13.7% | ||
| Q4 24 | 7.2% | -1.2% | ||
| Q3 24 | 4.7% | 14.1% | ||
| Q2 24 | 0.8% | 1.3% | ||
| Q1 24 | 1.3% | -12.0% |
净利率LCUTMCS
| Q4 25 | 8.9% | — | ||
| Q3 25 | -0.7% | 7.7% | ||
| Q2 25 | -30.1% | 3.6% | ||
| Q1 25 | -3.0% | -11.3% | ||
| Q4 24 | 4.1% | 0.5% | ||
| Q3 24 | 0.2% | 10.0% | ||
| Q2 24 | -12.8% | -11.5% | ||
| Q1 24 | -4.4% | -8.6% |
每股收益（稀释后）LCUTMCS
| Q4 25 | $0.83 | — | ||
| Q3 25 | $-0.05 | — | ||
| Q2 25 | $-1.83 | — | ||
| Q1 25 | $-0.19 | — | ||
| Q4 24 | $0.41 | — | ||
| Q3 24 | $0.02 | — | ||
| Q2 24 | $-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 | $4.3M | $23.4M |
| 总债务越低越好 | $135.0M | $159.0M |
| 股东权益账面价值 | $202.3M | $457.4M |
| 总资产 | $572.6M | $1.0B |
| 负债/权益比越低杠杆越低 | 0.67× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资LCUTMCS
| Q4 25 | $4.3M | $23.4M | ||
| Q3 25 | $12.1M | $7.4M | ||
| Q2 25 | $12.0M | $14.9M | ||
| Q1 25 | $10.4M | $11.9M | ||
| Q4 24 | $2.9M | $40.8M | ||
| Q3 24 | $6.0M | $28.4M | ||
| Q2 24 | $3.4M | $32.8M | ||
| Q1 24 | $4.6M | $17.3M |
总债务LCUTMCS
| Q4 25 | $135.0M | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | $142.5M | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | — | $169.8M |
股东权益LCUTMCS
| Q4 25 | $202.3M | $457.4M | ||
| Q3 25 | $184.6M | $454.3M | ||
| Q2 25 | $185.8M | $448.4M | ||
| Q1 25 | $225.7M | $441.8M | ||
| Q4 24 | $229.9M | $464.9M | ||
| Q3 24 | $220.9M | $462.3M | ||
| Q2 24 | $219.8M | $449.4M | ||
| Q1 24 | $223.7M | $459.3M |
总资产LCUTMCS
| Q4 25 | $572.6M | $1.0B | ||
| Q3 25 | $581.1M | $1.0B | ||
| Q2 25 | $551.9M | $1.0B | ||
| Q1 25 | $594.6M | $1.0B | ||
| Q4 24 | $634.3M | $1.0B | ||
| Q3 24 | $668.7M | $1.0B | ||
| Q2 24 | $617.0M | $1.1B | ||
| Q1 24 | $602.7M | $1.0B |
负债/权益比LCUTMCS
| Q4 25 | 0.67× | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 0.62× | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.37× |
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 | $3.7M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $2.6M | $26.4M |
| 自由现金流率自由现金流/营收 | 1.3% | 13.6% |
| 资本支出强度资本支出/营收 | 0.6% | 11.6% |
| 现金转化率经营现金流/净利润 | 0.21× | — |
| 过去12个月自由现金流最近4个季度 | $3.3M | $989.0K |
8季度趋势，按日历期对齐
经营现金流LCUTMCS
| Q4 25 | $3.7M | $48.8M | ||
| Q3 25 | $-22.2M | $39.1M | ||
| Q2 25 | $9.3M | $31.6M | ||
| Q1 25 | $16.7M | $-35.3M | ||
| Q4 24 | $20.3M | $52.6M | ||
| Q3 24 | $-22.7M | $30.5M | ||
| Q2 24 | $10.4M | $36.0M | ||
| Q1 24 | $10.5M | $-15.1M |
自由现金流LCUTMCS
| Q4 25 | $2.6M | $26.4M | ||
| Q3 25 | $-22.7M | $18.2M | ||
| Q2 25 | $8.2M | $14.7M | ||
| Q1 25 | $15.1M | $-58.3M | ||
| Q4 24 | $19.7M | $27.1M | ||
| Q3 24 | $-23.2M | $12.0M | ||
| Q2 24 | $9.9M | $16.1M | ||
| Q1 24 | $9.9M | $-30.5M |
自由现金流率LCUTMCS
| Q4 25 | 1.3% | 13.6% | ||
| Q3 25 | -13.2% | 8.7% | ||
| Q2 25 | 6.2% | 7.1% | ||
| Q1 25 | 10.8% | -39.2% | ||
| Q4 24 | 9.1% | 14.4% | ||
| Q3 24 | -12.6% | 5.2% | ||
| Q2 24 | 7.0% | 9.2% | ||
| Q1 24 | 7.0% | -22.0% |
资本支出强度LCUTMCS
| Q4 25 | 0.6% | 11.6% | ||
| Q3 25 | 0.3% | 9.9% | ||
| Q2 25 | 0.9% | 8.2% | ||
| Q1 25 | 1.1% | 15.5% | ||
| Q4 24 | 0.3% | 13.5% | ||
| Q3 24 | 0.3% | 7.9% | ||
| Q2 24 | 0.4% | 11.3% | ||
| Q1 24 | 0.4% | 11.1% |
现金转化率LCUTMCS
| Q4 25 | 0.21× | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 4.32× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.28× | 53.31× | ||
| Q3 24 | -65.89× | 1.31× | ||
| Q2 24 | — | — | ||
| 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
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
