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百胜餐饮集团（LCUT）与Tilray Brands, Inc.（TLRY）财务数据对比。点击上方公司名可切换其他公司
Tilray Brands, Inc.的季度营收约是百胜餐饮集团的1.1倍（$217.5M vs $204.1M），百胜餐饮集团净利率更高（8.9% vs -20.7%，领先29.6%），Tilray Brands, Inc.同比增速更快（3.1% vs -5.2%），过去两年百胜餐饮集团的营收复合增速更高（19.8% vs 7.5%）
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。
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
LCUT vs TLRY — 直观对比
营收规模更大
TLRY
是对方的1.1倍
$204.1M
营收增速更快
TLRY
高出8.3%
-5.2%
净利率更高
LCUT
高出29.6%
-20.7%
两年增速更快
LCUT
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $217.5M |
| 净利润 | $18.2M | $-44.9M |
| 毛利率 | 38.6% | 26.4% |
| 营业利润率 | 9.8% | -10.2% |
| 净利率 | 8.9% | -20.7% |
| 营收同比 | -5.2% | 3.1% |
| 净利润同比 | 103.5% | 47.4% |
| 每股收益（稀释后） | $0.83 | $-0.41 |
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LCUTTLRY
| Q4 25 | $204.1M | $217.5M | ||
| Q3 25 | $171.9M | $209.5M | ||
| Q2 25 | $131.9M | $224.5M | ||
| Q1 25 | $140.1M | $185.8M | ||
| Q4 24 | $215.2M | $210.9M | ||
| Q3 24 | $183.8M | $200.0M | ||
| Q2 24 | $141.7M | $229.9M | ||
| Q1 24 | $142.2M | $188.3M |
净利润LCUTTLRY
| Q4 25 | $18.2M | $-44.9M | ||
| Q3 25 | $-1.2M | $-322.0K | ||
| Q2 25 | $-39.7M | $-1.3B | ||
| Q1 25 | $-4.2M | $-789.4M | ||
| Q4 24 | $8.9M | $-85.3M | ||
| Q3 24 | $344.0K | $-39.2M | ||
| Q2 24 | $-18.2M | $-31.7M | ||
| Q1 24 | $-6.3M | $-92.7M |
毛利率LCUTTLRY
| Q4 25 | 38.6% | 26.4% | ||
| Q3 25 | 35.1% | 27.4% | ||
| Q2 25 | 38.6% | 30.1% | ||
| Q1 25 | 36.1% | 28.0% | ||
| Q4 24 | 37.7% | 29.0% | ||
| Q3 24 | 36.7% | 29.8% | ||
| Q2 24 | 38.5% | 35.8% | ||
| Q1 24 | 40.5% | 26.2% |
营业利润率LCUTTLRY
| Q4 25 | 9.8% | -10.2% | ||
| Q3 25 | 3.9% | 1.0% | ||
| Q2 25 | -28.2% | -643.1% | ||
| Q1 25 | 0.8% | -409.0% | ||
| Q4 24 | 7.2% | -20.0% | ||
| Q3 24 | 4.7% | -18.3% | ||
| Q2 24 | 0.8% | -7.2% | ||
| Q1 24 | 1.3% | -43.6% |
净利率LCUTTLRY
| Q4 25 | 8.9% | -20.7% | ||
| Q3 25 | -0.7% | -0.2% | ||
| Q2 25 | -30.1% | -566.9% | ||
| Q1 25 | -3.0% | -424.9% | ||
| Q4 24 | 4.1% | -40.5% | ||
| Q3 24 | 0.2% | -19.6% | ||
| Q2 24 | -12.8% | -13.8% | ||
| Q1 24 | -4.4% | -49.2% |
每股收益（稀释后）LCUTTLRY
| Q4 25 | $0.83 | $-0.41 | ||
| Q3 25 | $-0.05 | $0.00 | ||
| Q2 25 | $-1.83 | $7.26 | ||
| Q1 25 | $-0.19 | $-8.69 | ||
| Q4 24 | $0.41 | $-0.99 | ||
| Q3 24 | $0.02 | $-0.04 | ||
| Q2 24 | $-0.85 | $-0.04 | ||
| Q1 24 | $-0.29 | $-0.12 |
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 | $291.6M |
| 总债务越低越好 | $135.0M | — |
| 股东权益账面价值 | $202.3M | $1.6B |
| 总资产 | $572.6M | $2.1B |
| 负债/权益比越低杠杆越低 | 0.67× | — |
8季度趋势，按日历期对齐
现金及短期投资LCUTTLRY
| Q4 25 | $4.3M | $291.6M | ||
| Q3 25 | $12.1M | $264.8M | ||
| Q2 25 | $12.0M | $256.4M | ||
| Q1 25 | $10.4M | — | ||
| Q4 24 | $2.9M | $252.2M | ||
| Q3 24 | $6.0M | $280.1M | ||
| Q2 24 | $3.4M | $260.5M | ||
| Q1 24 | $4.6M | $225.9M |
总债务LCUTTLRY
| Q4 25 | $135.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $142.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LCUTTLRY
| Q4 25 | $202.3M | $1.6B | ||
| Q3 25 | $184.6M | $1.5B | ||
| Q2 25 | $185.8M | $1.5B | ||
| Q1 25 | $225.7M | $2.7B | ||
| Q4 24 | $229.9M | $3.5B | ||
| Q3 24 | $220.9M | $3.5B | ||
| Q2 24 | $219.8M | $3.4B | ||
| Q1 24 | $223.7M | $3.4B |
总资产LCUTTLRY
| Q4 25 | $572.6M | $2.1B | ||
| Q3 25 | $581.1M | $2.1B | ||
| Q2 25 | $551.9M | $2.1B | ||
| Q1 25 | $594.6M | — | ||
| Q4 24 | $634.3M | $4.2B | ||
| Q3 24 | $668.7M | $4.3B | ||
| Q2 24 | $617.0M | $4.2B | ||
| Q1 24 | $602.7M | $4.2B |
负债/权益比LCUTTLRY
| Q4 25 | 0.67× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-8.5M |
| 自由现金流经营现金流 - 资本支出 | $2.6M | — |
| 自由现金流率自由现金流/营收 | 1.3% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流LCUTTLRY
| Q4 25 | $3.7M | $-8.5M | ||
| Q3 25 | $-22.2M | $-1.3M | ||
| Q2 25 | $9.3M | $-12.8M | ||
| Q1 25 | $16.7M | $-5.8M | ||
| Q4 24 | $20.3M | $-40.7M | ||
| Q3 24 | $-22.7M | $-35.3M | ||
| Q2 24 | $10.4M | $30.7M | ||
| Q1 24 | $10.5M | $-15.4M |
自由现金流LCUTTLRY
| Q4 25 | $2.6M | — | ||
| Q3 25 | $-22.7M | — | ||
| Q2 25 | $8.2M | $-19.1M | ||
| Q1 25 | $15.1M | $-20.2M | ||
| Q4 24 | $19.7M | $-46.2M | ||
| Q3 24 | $-23.2M | $-42.0M | ||
| Q2 24 | $9.9M | $21.0M | ||
| Q1 24 | $9.9M | $-24.9M |
自由现金流率LCUTTLRY
| Q4 25 | 1.3% | — | ||
| Q3 25 | -13.2% | — | ||
| Q2 25 | 6.2% | -8.5% | ||
| Q1 25 | 10.8% | -10.9% | ||
| Q4 24 | 9.1% | -21.9% | ||
| Q3 24 | -12.6% | -21.0% | ||
| Q2 24 | 7.0% | 9.1% | ||
| Q1 24 | 7.0% | -13.2% |
资本支出强度LCUTTLRY
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | 1.1% | 7.8% | ||
| Q4 24 | 0.3% | 2.6% | ||
| Q3 24 | 0.3% | 3.4% | ||
| Q2 24 | 0.4% | 4.2% | ||
| Q1 24 | 0.4% | 5.1% |
现金转化率LCUTTLRY
| Q4 25 | 0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.28× | — | ||
| Q3 24 | -65.89× | — | ||
| 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% |
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
