vs
百胜餐饮集团（LCUT）与Westrock Coffee Co（WEST）财务数据对比。点击上方公司名可切换其他公司
Westrock Coffee Co的季度营收约是百胜餐饮集团的1.7倍（$339.5M vs $204.1M），百胜餐饮集团净利率更高（8.9% vs -6.6%，领先15.5%），Westrock Coffee Co同比增速更快（48.3% vs -5.2%），Westrock Coffee Co自由现金流更多（$27.8M vs $2.6M），过去两年Westrock Coffee Co的营收复合增速更高（32.8% vs 19.8%）
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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
LCUT vs WEST — 直观对比
营收规模更大
WEST
是对方的1.7倍
$204.1M
营收增速更快
WEST
高出53.4%
-5.2%
净利率更高
LCUT
高出15.5%
-6.6%
自由现金流更多
WEST
多$25.2M
$2.6M
两年增速更快
WEST
近两年复合增速
19.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $339.5M |
| 净利润 | $18.2M | $-22.6M |
| 毛利率 | 38.6% | 11.5% |
| 营业利润率 | 9.8% | -2.6% |
| 净利率 | 8.9% | -6.6% |
| 营收同比 | -5.2% | 48.3% |
| 净利润同比 | 103.5% | 8.3% |
| 每股收益（稀释后） | $0.83 | $-0.22 |
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LCUTWEST
| Q4 25 | $204.1M | $339.5M | ||
| Q3 25 | $171.9M | $354.8M | ||
| Q2 25 | $131.9M | $280.9M | ||
| Q1 25 | $140.1M | $213.8M | ||
| Q4 24 | $215.2M | $229.0M | ||
| Q3 24 | $183.8M | $220.9M | ||
| Q2 24 | $141.7M | $208.4M | ||
| Q1 24 | $142.2M | $192.5M |
净利润LCUTWEST
| Q4 25 | $18.2M | $-22.6M | ||
| Q3 25 | $-1.2M | $-19.1M | ||
| Q2 25 | $-39.7M | $-21.6M | ||
| Q1 25 | $-4.2M | $-27.2M | ||
| Q4 24 | $8.9M | $-24.6M | ||
| Q3 24 | $344.0K | $-14.3M | ||
| Q2 24 | $-18.2M | $-17.8M | ||
| Q1 24 | $-6.3M | $-23.7M |
毛利率LCUTWEST
| Q4 25 | 38.6% | 11.5% | ||
| Q3 25 | 35.1% | 11.7% | ||
| Q2 25 | 38.6% | 14.7% | ||
| Q1 25 | 36.1% | 13.6% | ||
| Q4 24 | 37.7% | 16.6% | ||
| Q3 24 | 36.7% | 16.8% | ||
| Q2 24 | 38.5% | 19.9% | ||
| Q1 24 | 40.5% | 19.4% |
营业利润率LCUTWEST
| Q4 25 | 9.8% | -2.6% | ||
| Q3 25 | 3.9% | -2.4% | ||
| Q2 25 | -28.2% | -5.3% | ||
| Q1 25 | 0.8% | -6.1% | ||
| Q4 24 | 7.2% | -4.3% | ||
| Q3 24 | 4.7% | -5.8% | ||
| Q2 24 | 0.8% | -7.9% | ||
| Q1 24 | 1.3% | -5.3% |
净利率LCUTWEST
| Q4 25 | 8.9% | -6.6% | ||
| Q3 25 | -0.7% | -5.4% | ||
| Q2 25 | -30.1% | -7.7% | ||
| Q1 25 | -3.0% | -12.7% | ||
| Q4 24 | 4.1% | -10.7% | ||
| Q3 24 | 0.2% | -6.5% | ||
| Q2 24 | -12.8% | -8.5% | ||
| Q1 24 | -4.4% | -12.3% |
每股收益（稀释后）LCUTWEST
| Q4 25 | $0.83 | $-0.22 | ||
| Q3 25 | $-0.05 | $-0.20 | ||
| Q2 25 | $-1.83 | $-0.23 | ||
| Q1 25 | $-0.19 | $-0.29 | ||
| Q4 24 | $0.41 | $-0.26 | ||
| Q3 24 | $0.02 | $-0.16 | ||
| Q2 24 | $-0.85 | $-0.20 | ||
| Q1 24 | $-0.29 | $-0.27 |
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 | $49.9M |
| 总债务越低越好 | $135.0M | $444.1M |
| 股东权益账面价值 | $202.3M | $-1.9M |
| 总资产 | $572.6M | $1.2B |
| 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LCUTWEST
| Q4 25 | $4.3M | $49.9M | ||
| Q3 25 | $12.1M | $34.0M | ||
| Q2 25 | $12.0M | $44.0M | ||
| Q1 25 | $10.4M | $33.1M | ||
| Q4 24 | $2.9M | $26.2M | ||
| Q3 24 | $6.0M | $22.4M | ||
| Q2 24 | $3.4M | $24.3M | ||
| Q1 24 | $4.6M | $12.6M |
总债务LCUTWEST
| Q4 25 | $135.0M | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $142.5M | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LCUTWEST
| Q4 25 | $202.3M | $-1.9M | ||
| Q3 25 | $184.6M | $11.4M | ||
| Q2 25 | $185.8M | $18.2M | ||
| Q1 25 | $225.7M | $71.4M | ||
| Q4 24 | $229.9M | $97.5M | ||
| Q3 24 | $220.9M | $110.3M | ||
| Q2 24 | $219.8M | $81.5M | ||
| Q1 24 | $223.7M | $91.7M |
总资产LCUTWEST
| Q4 25 | $572.6M | $1.2B | ||
| Q3 25 | $581.1M | $1.2B | ||
| Q2 25 | $551.9M | $1.2B | ||
| Q1 25 | $594.6M | $1.1B | ||
| Q4 24 | $634.3M | $1.1B | ||
| Q3 24 | $668.7M | $1.1B | ||
| Q2 24 | $617.0M | $1.1B | ||
| Q1 24 | $602.7M | $983.3M |
负债/权益比LCUTWEST
| Q4 25 | 0.67× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.62× | 4.03× | ||
| 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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | $2.6M | $27.8M |
| 自由现金流率自由现金流/营收 | 1.3% | 8.2% |
| 资本支出强度资本支出/营收 | 0.6% | 2.6% |
| 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 | $-107.8M |
8季度趋势，按日历期对齐
经营现金流LCUTWEST
| Q4 25 | $3.7M | $36.7M | ||
| Q3 25 | $-22.2M | $-26.6M | ||
| Q2 25 | $9.3M | $-7.0M | ||
| Q1 25 | $16.7M | $-22.1M | ||
| Q4 24 | $20.3M | $2.8M | ||
| Q3 24 | $-22.7M | $-332.0K | ||
| Q2 24 | $10.4M | $-23.7M | ||
| Q1 24 | $10.5M | $8.0M |
自由现金流LCUTWEST
| Q4 25 | $2.6M | $27.8M | ||
| Q3 25 | $-22.7M | $-44.7M | ||
| Q2 25 | $8.2M | $-27.5M | ||
| Q1 25 | $15.1M | $-63.4M | ||
| Q4 24 | $19.7M | $-15.4M | ||
| Q3 24 | $-23.2M | $-36.7M | ||
| Q2 24 | $9.9M | $-59.9M | ||
| Q1 24 | $9.9M | $-60.9M |
自由现金流率LCUTWEST
| Q4 25 | 1.3% | 8.2% | ||
| Q3 25 | -13.2% | -12.6% | ||
| Q2 25 | 6.2% | -9.8% | ||
| Q1 25 | 10.8% | -29.7% | ||
| Q4 24 | 9.1% | -6.7% | ||
| Q3 24 | -12.6% | -16.6% | ||
| Q2 24 | 7.0% | -28.7% | ||
| Q1 24 | 7.0% | -31.7% |
资本支出强度LCUTWEST
| Q4 25 | 0.6% | 2.6% | ||
| Q3 25 | 0.3% | 5.1% | ||
| Q2 25 | 0.9% | 7.3% | ||
| Q1 25 | 1.1% | 19.3% | ||
| Q4 24 | 0.3% | 7.9% | ||
| Q3 24 | 0.3% | 16.5% | ||
| Q2 24 | 0.4% | 17.4% | ||
| Q1 24 | 0.4% | 35.8% |
现金转化率LCUTWEST
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
