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百胜餐饮集团（LCUT）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是百胜餐饮集团的29.5倍（$6.0B vs $204.1M）。3M净利率更高（10.8% vs 8.9%，领先1.9%）。3M同比增速更快（1.3% vs -5.2%）。3M自由现金流更多（$2.0B 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 -1.8%）
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。
3M是美国知名跨国综合企业，业务覆盖工业、劳动者安全防护、消费品等多个领域，总部位于圣保罗郊区的枫木市。公司现有超6万款产品，涵盖胶粘剂、研磨材料、防火防护产品、个人防护装备、窗膜、车漆保护膜、电子连接绝缘材料、汽车养护产品、光学膜等品类。
LCUT vs MMM — 直观对比
营收规模更大
MMM
是对方的29.5倍
$204.1M
营收增速更快
MMM
高出6.5%
-5.2%
净利率更高
MMM
高出1.9%
8.9%
自由现金流更多
MMM
多$2.0B
$2.6M
两年增速更快
LCUT
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $6.0B |
| 净利润 | $18.2M | $653.0M |
| 毛利率 | 38.6% | 40.7% |
| 营业利润率 | 9.8% | 23.2% |
| 净利率 | 8.9% | 10.8% |
| 营收同比 | -5.2% | 1.3% |
| 净利润同比 | 103.5% | -41.5% |
| 每股收益（稀释后） | $0.83 | $1.23 |
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LCUTMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $204.1M | $6.1B | ||
| Q3 25 | $171.9M | $6.5B | ||
| Q2 25 | $131.9M | $6.3B | ||
| Q1 25 | $140.1M | $6.0B | ||
| Q4 24 | $215.2M | $6.0B | ||
| Q3 24 | $183.8M | $6.3B | ||
| Q2 24 | $141.7M | $6.3B |
净利润LCUTMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $18.2M | $577.0M | ||
| Q3 25 | $-1.2M | $834.0M | ||
| Q2 25 | $-39.7M | $723.0M | ||
| Q1 25 | $-4.2M | $1.1B | ||
| Q4 24 | $8.9M | $728.0M | ||
| Q3 24 | $344.0K | $1.4B | ||
| Q2 24 | $-18.2M | $1.1B |
毛利率LCUTMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 38.6% | 33.6% | ||
| Q3 25 | 35.1% | 41.8% | ||
| Q2 25 | 38.6% | 42.5% | ||
| Q1 25 | 36.1% | 41.6% | ||
| Q4 24 | 37.7% | 51.7% | ||
| Q3 24 | 36.7% | 42.1% | ||
| Q2 24 | 38.5% | 42.9% |
营业利润率LCUTMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 9.8% | 13.0% | ||
| Q3 25 | 3.9% | 22.2% | ||
| Q2 25 | -28.2% | 18.0% | ||
| Q1 25 | 0.8% | 20.9% | ||
| Q4 24 | 7.2% | 12.2% | ||
| Q3 24 | 4.7% | 20.9% | ||
| Q2 24 | 0.8% | 20.3% |
净利率LCUTMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 8.9% | 9.4% | ||
| Q3 25 | -0.7% | 12.8% | ||
| Q2 25 | -30.1% | 11.4% | ||
| Q1 25 | -3.0% | 18.7% | ||
| Q4 24 | 4.1% | 12.1% | ||
| Q3 24 | 0.2% | 21.8% | ||
| Q2 24 | -12.8% | 18.3% |
每股收益（稀释后）LCUTMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.83 | $1.07 | ||
| Q3 25 | $-0.05 | $1.55 | ||
| Q2 25 | $-1.83 | $1.34 | ||
| Q1 25 | $-0.19 | $2.04 | ||
| Q4 24 | $0.41 | $1.33 | ||
| Q3 24 | $0.02 | $2.48 | ||
| Q2 24 | $-0.85 | $2.07 |
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 | $3.7B |
| 总债务越低越好 | $135.0M | $10.9B |
| 股东权益账面价值 | $202.3M | $3.3B |
| 总资产 | $572.6M | $35.4B |
| 负债/权益比越低杠杆越低 | 0.67× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资LCUTMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $4.3M | — | ||
| Q3 25 | $12.1M | — | ||
| Q2 25 | $12.0M | — | ||
| Q1 25 | $10.4M | — | ||
| Q4 24 | $2.9M | — | ||
| Q3 24 | $6.0M | — | ||
| Q2 24 | $3.4M | — |
总债务LCUTMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $135.0M | $12.6B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $13.1B | ||
| Q1 25 | — | $13.5B | ||
| Q4 24 | $142.5M | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益LCUTMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $202.3M | $4.7B | ||
| Q3 25 | $184.6M | $4.6B | ||
| Q2 25 | $185.8M | $4.3B | ||
| Q1 25 | $225.7M | $4.5B | ||
| Q4 24 | $229.9M | $3.8B | ||
| Q3 24 | $220.9M | $4.6B | ||
| Q2 24 | $219.8M | $3.9B |
总资产LCUTMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $572.6M | $37.7B | ||
| Q3 25 | $581.1M | $37.6B | ||
| Q2 25 | $551.9M | $38.0B | ||
| Q1 25 | $594.6M | $40.0B | ||
| Q4 24 | $634.3M | $39.9B | ||
| Q3 24 | $668.7M | $40.9B | ||
| Q2 24 | $617.0M | $43.4B |
负债/权益比LCUTMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.67× | 2.68× | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 3.06× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | 0.62× | 3.40× | ||
| Q3 24 | — | 2.84× | ||
| Q2 24 | — | 3.34× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $2.6M | $2.0B |
| 自由现金流率自由现金流/营收 | 1.3% | 33.6% |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 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 | $3.7B |
8季度趋势，按日历期对齐
经营现金流LCUTMMM
| Q1 26 | — | — | ||
| Q4 25 | $3.7M | $1.6B | ||
| Q3 25 | $-22.2M | $1.8B | ||
| Q2 25 | $9.3M | $-954.0M | ||
| Q1 25 | $16.7M | $-79.0M | ||
| Q4 24 | $20.3M | $1.8B | ||
| Q3 24 | $-22.7M | $-1.8B | ||
| Q2 24 | $10.4M | $1.0B |
自由现金流LCUTMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.6M | $1.3B | ||
| Q3 25 | $-22.7M | $1.5B | ||
| Q2 25 | $8.2M | $-1.2B | ||
| Q1 25 | $15.1M | $-315.0M | ||
| Q4 24 | $19.7M | $1.5B | ||
| Q3 24 | $-23.2M | $-2.0B | ||
| Q2 24 | $9.9M | $752.0M |
自由现金流率LCUTMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 1.3% | 21.8% | ||
| Q3 25 | -13.2% | 23.6% | ||
| Q2 25 | 6.2% | -18.3% | ||
| Q1 25 | 10.8% | -5.3% | ||
| Q4 24 | 9.1% | 25.4% | ||
| Q3 24 | -12.6% | -32.3% | ||
| Q2 24 | 7.0% | 12.0% |
资本支出强度LCUTMMM
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 4.0% | ||
| Q3 25 | 0.3% | 3.3% | ||
| Q2 25 | 0.9% | 3.3% | ||
| Q1 25 | 1.1% | 4.0% | ||
| Q4 24 | 0.3% | 4.8% | ||
| Q3 24 | 0.3% | 3.9% | ||
| Q2 24 | 0.4% | 4.3% |
现金转化率LCUTMMM
| Q1 26 | — | — | ||
| Q4 25 | 0.21× | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | — | -1.32× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | 2.28× | 2.50× | ||
| Q3 24 | -65.89× | -1.30× | ||
| Q2 24 | — | 0.89× |
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% |
MMM
| Safety and Industrial business segment | $2.9B | 49% |
| Transportation and Electronics business segment | $1.8B | 31% |
| Consumer business segment | $1.1B | 19% |
| Corporate | $121.0M | 2% |
