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百胜餐饮集团（LCUT）与Texas Pacific Land Corporation（TPL）财务数据对比。点击上方公司名可切换其他公司
Texas Pacific Land Corporation的季度营收约是百胜餐饮集团的1.0倍（$211.6M vs $204.1M），Texas Pacific Land Corporation净利率更高（58.3% vs 8.9%，领先49.4%），Texas Pacific Land Corporation同比增速更快（13.9% 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 10.2%）
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。
Texas Pacific Land Corporation（简称TPL）是一家公开上市的不动产运营企业，行政总部位于美国得克萨斯州达拉斯市。公司在得州西部20个郡拥有逾88万英亩（约3600平方公里）土地，是得州规模最大的私人土地所有者之一，前身为得克萨斯太平洋土地信托。
LCUT vs TPL — 直观对比
营收规模更大
TPL
是对方的1.0倍
$204.1M
营收增速更快
TPL
高出19.1%
-5.2%
净利率更高
TPL
高出49.4%
8.9%
两年增速更快
LCUT
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $211.6M |
| 净利润 | $18.2M | $123.3M |
| 毛利率 | 38.6% | — |
| 营业利润率 | 9.8% | 70.5% |
| 净利率 | 8.9% | 58.3% |
| 营收同比 | -5.2% | 13.9% |
| 净利润同比 | 103.5% | 4.2% |
| 每股收益（稀释后） | $0.83 | $-8.59 |
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LCUTTPL
| Q4 25 | $204.1M | $211.6M | ||
| Q3 25 | $171.9M | $203.1M | ||
| Q2 25 | $131.9M | $187.5M | ||
| Q1 25 | $140.1M | $196.0M | ||
| Q4 24 | $215.2M | $185.8M | ||
| Q3 24 | $183.8M | $173.6M | ||
| Q2 24 | $141.7M | $172.3M | ||
| Q1 24 | $142.2M | $174.1M |
净利润LCUTTPL
| Q4 25 | $18.2M | $123.3M | ||
| Q3 25 | $-1.2M | $121.2M | ||
| Q2 25 | $-39.7M | $116.1M | ||
| Q1 25 | $-4.2M | $120.7M | ||
| Q4 24 | $8.9M | $118.4M | ||
| Q3 24 | $344.0K | $106.6M | ||
| Q2 24 | $-18.2M | $114.6M | ||
| Q1 24 | $-6.3M | $114.4M |
毛利率LCUTTPL
| 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LCUTTPL
| Q4 25 | 9.8% | 70.5% | ||
| Q3 25 | 3.9% | 73.4% | ||
| Q2 25 | -28.2% | 76.6% | ||
| Q1 25 | 0.8% | 76.6% | ||
| Q4 24 | 7.2% | 76.7% | ||
| Q3 24 | 4.7% | 73.4% | ||
| Q2 24 | 0.8% | 77.3% | ||
| Q1 24 | 1.3% | 78.1% |
净利率LCUTTPL
| Q4 25 | 8.9% | 58.3% | ||
| Q3 25 | -0.7% | 59.7% | ||
| Q2 25 | -30.1% | 61.9% | ||
| Q1 25 | -3.0% | 61.6% | ||
| Q4 24 | 4.1% | 63.7% | ||
| Q3 24 | 0.2% | 61.4% | ||
| Q2 24 | -12.8% | 66.5% | ||
| Q1 24 | -4.4% | 65.7% |
每股收益（稀释后）LCUTTPL
| Q4 25 | $0.83 | $-8.59 | ||
| Q3 25 | $-0.05 | $5.27 | ||
| Q2 25 | $-1.83 | $5.05 | ||
| Q1 25 | $-0.19 | $5.24 | ||
| Q4 24 | $0.41 | $5.14 | ||
| Q3 24 | $0.02 | $4.63 | ||
| Q2 24 | $-0.85 | $4.98 | ||
| Q1 24 | $-0.29 | $4.97 |
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 | $144.8M |
| 总债务越低越好 | $135.0M | — |
| 股东权益账面价值 | $202.3M | $1.5B |
| 总资产 | $572.6M | $1.6B |
| 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LCUTTPL
| Q4 25 | $4.3M | $144.8M | ||
| Q3 25 | $12.1M | $531.8M | ||
| Q2 25 | $12.0M | $543.9M | ||
| Q1 25 | $10.4M | $460.4M | ||
| Q4 24 | $2.9M | $369.8M | ||
| Q3 24 | $6.0M | $533.9M | ||
| Q2 24 | $3.4M | $894.7M | ||
| Q1 24 | $4.6M | $837.1M |
总债务LCUTTPL
| Q4 25 | $135.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $142.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LCUTTPL
| Q4 25 | $202.3M | $1.5B | ||
| Q3 25 | $184.6M | $1.4B | ||
| Q2 25 | $185.8M | $1.3B | ||
| Q1 25 | $225.7M | $1.2B | ||
| Q4 24 | $229.9M | $1.1B | ||
| Q3 24 | $220.9M | $1.1B | ||
| Q2 24 | $219.8M | $1.2B | ||
| Q1 24 | $223.7M | $1.1B |
总资产LCUTTPL
| Q4 25 | $572.6M | $1.6B | ||
| Q3 25 | $581.1M | $1.5B | ||
| Q2 25 | $551.9M | $1.4B | ||
| Q1 25 | $594.6M | $1.4B | ||
| Q4 24 | $634.3M | $1.2B | ||
| Q3 24 | $668.7M | $1.2B | ||
| Q2 24 | $617.0M | $1.3B | ||
| Q1 24 | $602.7M | $1.3B |
负债/权益比LCUTTPL
| 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 | $113.7M |
| 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× | 0.92× |
| 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LCUTTPL
| Q4 25 | $3.7M | $113.7M | ||
| Q3 25 | $-22.2M | $154.6M | ||
| Q2 25 | $9.3M | $120.9M | ||
| Q1 25 | $16.7M | $156.7M | ||
| Q4 24 | $20.3M | $126.6M | ||
| Q3 24 | $-22.7M | $118.6M | ||
| Q2 24 | $10.4M | $98.3M | ||
| Q1 24 | $10.5M | $147.2M |
自由现金流LCUTTPL
| Q4 25 | $2.6M | — | ||
| Q3 25 | $-22.7M | — | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $15.1M | — | ||
| Q4 24 | $19.7M | — | ||
| Q3 24 | $-23.2M | — | ||
| Q2 24 | $9.9M | — | ||
| Q1 24 | $9.9M | — |
自由现金流率LCUTTPL
| Q4 25 | 1.3% | — | ||
| Q3 25 | -13.2% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | -12.6% | — | ||
| Q2 24 | 7.0% | — | ||
| Q1 24 | 7.0% | — |
资本支出强度LCUTTPL
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.4% | — |
现金转化率LCUTTPL
| Q4 25 | 0.21× | 0.92× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | 2.28× | 1.07× | ||
| Q3 24 | -65.89× | 1.11× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | — | 1.29× |
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% |
TPL
| Water Serviceand Operations Segment | $98.2M | 46% |
| Water Sales And Royalties | $60.7M | 29% |
| Produced Water Royalties | $33.5M | 16% |
| Easementand Sundry | $20.6M | 10% |
