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百胜餐饮集团（LCUT）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
世纪互联的季度营收约是百胜餐饮集团的1.8倍（$362.7M vs $204.1M），百胜餐饮集团净利率更高（8.9% vs -10.7%，领先19.6%），百胜餐饮集团自由现金流更多（$2.6M vs $-193.1M），过去两年百胜餐饮集团的营收复合增速更高（19.8% vs 17.4%）
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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
LCUT vs VNET — 直观对比
营收规模更大
VNET
是对方的1.8倍
$204.1M
净利率更高
LCUT
高出19.6%
-10.7%
自由现金流更多
LCUT
多$195.7M
$-193.1M
两年增速更快
LCUT
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $362.7M |
| 净利润 | $18.2M | $-38.7M |
| 毛利率 | 38.6% | 20.9% |
| 营业利润率 | 9.8% | 0.5% |
| 净利率 | 8.9% | -10.7% |
| 营收同比 | -5.2% | — |
| 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LCUTVNET
| Q4 25 | $204.1M | — | ||
| Q3 25 | $171.9M | $362.7M | ||
| Q2 25 | $131.9M | — | ||
| Q1 25 | $140.1M | $309.5M | ||
| Q4 24 | $215.2M | — | ||
| Q3 24 | $183.8M | $302.2M | ||
| Q2 24 | $141.7M | $274.4M | ||
| Q1 24 | $142.2M | $262.9M |
净利润LCUTVNET
| Q4 25 | $18.2M | — | ||
| Q3 25 | $-1.2M | $-38.7M | ||
| Q2 25 | $-39.7M | — | ||
| Q1 25 | $-4.2M | $-2.4M | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $344.0K | $-2.1M | ||
| Q2 24 | $-18.2M | $-1.1M | ||
| Q1 24 | $-6.3M | $-22.0M |
毛利率LCUTVNET
| Q4 25 | 38.6% | — | ||
| Q3 25 | 35.1% | 20.9% | ||
| Q2 25 | 38.6% | — | ||
| Q1 25 | 36.1% | 25.2% | ||
| Q4 24 | 37.7% | — | ||
| Q3 24 | 36.7% | 23.2% | ||
| Q2 24 | 38.5% | 21.3% | ||
| Q1 24 | 40.5% | 21.6% |
营业利润率LCUTVNET
| Q4 25 | 9.8% | — | ||
| Q3 25 | 3.9% | 0.5% | ||
| Q2 25 | -28.2% | — | ||
| Q1 25 | 0.8% | 0.1% | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 4.7% | 24.5% | ||
| Q2 24 | 0.8% | 0.2% | ||
| Q1 24 | 1.3% | 0.2% |
净利率LCUTVNET
| Q4 25 | 8.9% | — | ||
| Q3 25 | -0.7% | -10.7% | ||
| Q2 25 | -30.1% | — | ||
| Q1 25 | -3.0% | -0.8% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 0.2% | -0.7% | ||
| Q2 24 | -12.8% | -0.4% | ||
| Q1 24 | -4.4% | -8.4% |
每股收益（稀释后）LCUTVNET
| 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 | $492.1M |
| 总债务越低越好 | $135.0M | — |
| 股东权益账面价值 | $202.3M | $890.8M |
| 总资产 | $572.6M | $6.1B |
| 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LCUTVNET
| Q4 25 | $4.3M | — | ||
| Q3 25 | $12.1M | $492.1M | ||
| Q2 25 | $12.0M | — | ||
| Q1 25 | $10.4M | $544.3M | ||
| Q4 24 | $2.9M | — | ||
| Q3 24 | $6.0M | $219.5M | ||
| Q2 24 | $3.4M | $247.2M | ||
| Q1 24 | $4.6M | $246.9M |
总债务LCUTVNET
| Q4 25 | $135.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $142.5M | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LCUTVNET
| Q4 25 | $202.3M | — | ||
| Q3 25 | $184.6M | $890.8M | ||
| Q2 25 | $185.8M | — | ||
| Q1 25 | $225.7M | $927.8M | ||
| Q4 24 | $229.9M | — | ||
| Q3 24 | $220.9M | $902.9M | ||
| Q2 24 | $219.8M | $900.6M | ||
| Q1 24 | $223.7M | $895.1M |
总资产LCUTVNET
| Q4 25 | $572.6M | — | ||
| Q3 25 | $581.1M | $6.1B | ||
| Q2 25 | $551.9M | — | ||
| Q1 25 | $594.6M | $5.4B | ||
| Q4 24 | $634.3M | — | ||
| Q3 24 | $668.7M | $4.3B | ||
| Q2 24 | $617.0M | $4.0B | ||
| Q1 24 | $602.7M | $3.9B |
负债/权益比LCUTVNET
| Q4 25 | 0.67× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | — | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $2.6M | $-193.1M |
| 自由现金流率自由现金流/营收 | 1.3% | -53.2% |
| 资本支出强度资本支出/营收 | 0.6% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流LCUTVNET
| Q4 25 | $3.7M | — | ||
| Q3 25 | $-22.2M | $113.8M | ||
| Q2 25 | $9.3M | — | ||
| Q1 25 | $16.7M | $27.0M | ||
| Q4 24 | $20.3M | — | ||
| Q3 24 | $-22.7M | $108.3M | ||
| Q2 24 | $10.4M | $55.8M | ||
| Q1 24 | $10.5M | $37.1M |
自由现金流LCUTVNET
| Q4 25 | $2.6M | — | ||
| Q3 25 | $-22.7M | $-193.1M | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $15.1M | $-220.0M | ||
| Q4 24 | $19.7M | — | ||
| Q3 24 | $-23.2M | $-95.0M | ||
| Q2 24 | $9.9M | $-81.6M | ||
| Q1 24 | $9.9M | $-102.2M |
自由现金流率LCUTVNET
| Q4 25 | 1.3% | — | ||
| Q3 25 | -13.2% | -53.2% | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 10.8% | -71.1% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | -12.6% | -31.4% | ||
| Q2 24 | 7.0% | -29.8% | ||
| Q1 24 | 7.0% | -38.9% |
资本支出强度LCUTVNET
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.3% | 84.6% | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.1% | 79.8% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | 67.3% | ||
| Q2 24 | 0.4% | 50.1% | ||
| Q1 24 | 0.4% | 53.0% |
现金转化率LCUTVNET
| 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% |
VNET
暂无分部数据
