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百胜餐饮集团（LCUT）与WisdomTree, Inc.（WT）财务数据对比。点击上方公司名可切换其他公司
百胜餐饮集团的季度营收约是WisdomTree, Inc.的1.3倍（$204.1M vs $159.5M），WisdomTree, Inc.净利率更高（25.5% vs 8.9%，领先16.6%），WisdomTree, Inc.同比增速更快（47.5% vs -5.2%），过去两年WisdomTree, Inc.的营收复合增速更高（22.1% 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。
WisdomTree, Inc.是总部位于纽约的全球ETF（交易型开放式指数基金）及交易所交易产品发行方与资产管理机构，2006年6月推出首批ETF产品，目前是美国主流ETF供应商之一。其发行的ETF覆盖全球不同资产类别与地区市场，产品线涵盖美国及国际股票、货币、固定收益及另类投资等品类。
LCUT vs WT — 直观对比
营收规模更大
LCUT
是对方的1.3倍
$159.5M
营收增速更快
WT
高出52.7%
-5.2%
净利率更高
WT
高出16.6%
8.9%
两年增速更快
WT
近两年复合增速
19.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $159.5M |
| 净利润 | $18.2M | $40.6M |
| 毛利率 | 38.6% | — |
| 营业利润率 | 9.8% | 37.2% |
| 净利率 | 8.9% | 25.5% |
| 营收同比 | -5.2% | 47.5% |
| 净利润同比 | 103.5% | 76.4% |
| 每股收益（稀释后） | $0.83 | $0.28 |
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LCUTWT
| Q1 26 | — | $159.5M | ||
| Q4 25 | $204.1M | $147.4M | ||
| Q3 25 | $171.9M | $125.6M | ||
| Q2 25 | $131.9M | $112.6M | ||
| Q1 25 | $140.1M | $108.1M | ||
| Q4 24 | $215.2M | $110.7M | ||
| Q3 24 | $183.8M | $113.2M | ||
| Q2 24 | $141.7M | $107.0M |
净利润LCUTWT
| Q1 26 | — | $40.6M | ||
| Q4 25 | $18.2M | $40.0M | ||
| Q3 25 | $-1.2M | $19.7M | ||
| Q2 25 | $-39.7M | $24.8M | ||
| Q1 25 | $-4.2M | $24.6M | ||
| Q4 24 | $8.9M | $27.3M | ||
| Q3 24 | $344.0K | $-4.5M | ||
| Q2 24 | $-18.2M | $21.8M |
毛利率LCUTWT
| Q1 26 | — | — | ||
| 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% | — |
营业利润率LCUTWT
| Q1 26 | — | 37.2% | ||
| Q4 25 | 9.8% | 40.5% | ||
| Q3 25 | 3.9% | 36.3% | ||
| Q2 25 | -28.2% | 30.8% | ||
| Q1 25 | 0.8% | 31.6% | ||
| Q4 24 | 7.2% | 31.7% | ||
| Q3 24 | 4.7% | 36.0% | ||
| Q2 24 | 0.8% | 31.3% |
净利率LCUTWT
| Q1 26 | — | 25.5% | ||
| Q4 25 | 8.9% | 27.1% | ||
| Q3 25 | -0.7% | 15.7% | ||
| Q2 25 | -30.1% | 22.0% | ||
| Q1 25 | -3.0% | 22.8% | ||
| Q4 24 | 4.1% | 24.7% | ||
| Q3 24 | 0.2% | -4.0% | ||
| Q2 24 | -12.8% | 20.3% |
每股收益（稀释后）LCUTWT
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.83 | $0.28 | ||
| Q3 25 | $-0.05 | $0.13 | ||
| Q2 25 | $-1.83 | $0.17 | ||
| Q1 25 | $-0.19 | $0.17 | ||
| Q4 24 | $0.41 | $0.20 | ||
| Q3 24 | $0.02 | $-0.13 | ||
| Q2 24 | $-0.85 | $0.13 |
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 | — |
| 总债务越低越好 | $135.0M | — |
| 股东权益账面价值 | $202.3M | — |
| 总资产 | $572.6M | $1.8B |
| 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LCUTWT
| Q1 26 | — | — | ||
| 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 | $132.5M |
总债务LCUTWT
| Q1 26 | — | — | ||
| Q4 25 | $135.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $142.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LCUTWT
| Q1 26 | — | — | ||
| Q4 25 | $202.3M | $413.7M | ||
| Q3 25 | $184.6M | $373.4M | ||
| Q2 25 | $185.8M | $445.1M | ||
| Q1 25 | $225.7M | $415.6M | ||
| Q4 24 | $229.9M | $400.0M | ||
| Q3 24 | $220.9M | $374.9M | ||
| Q2 24 | $219.8M | $445.6M |
总资产LCUTWT
| Q1 26 | — | $1.8B | ||
| Q4 25 | $572.6M | $1.5B | ||
| Q3 25 | $581.1M | $1.4B | ||
| Q2 25 | $551.9M | $1.1B | ||
| Q1 25 | $594.6M | $1.0B | ||
| Q4 24 | $634.3M | $1.0B | ||
| Q3 24 | $668.7M | $1.0B | ||
| Q2 24 | $617.0M | $964.1M |
负债/权益比LCUTWT
| Q1 26 | — | — | ||
| Q4 25 | 0.67× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $18.0M |
| 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× | 0.44× |
| 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LCUTWT
| Q1 26 | — | $18.0M | ||
| Q4 25 | $3.7M | $147.9M | ||
| Q3 25 | $-22.2M | $48.1M | ||
| Q2 25 | $9.3M | $38.8M | ||
| Q1 25 | $16.7M | $6.4M | ||
| Q4 24 | $20.3M | $113.5M | ||
| Q3 24 | $-22.7M | $47.7M | ||
| Q2 24 | $10.4M | $32.2M |
自由现金流LCUTWT
| Q1 26 | — | — | ||
| Q4 25 | $2.6M | $147.7M | ||
| Q3 25 | $-22.7M | $48.0M | ||
| Q2 25 | $8.2M | $38.7M | ||
| Q1 25 | $15.1M | $6.3M | ||
| Q4 24 | $19.7M | $113.3M | ||
| Q3 24 | $-23.2M | $47.7M | ||
| Q2 24 | $9.9M | $32.2M |
自由现金流率LCUTWT
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 100.2% | ||
| Q3 25 | -13.2% | 38.2% | ||
| Q2 25 | 6.2% | 34.4% | ||
| Q1 25 | 10.8% | 5.9% | ||
| Q4 24 | 9.1% | 102.4% | ||
| Q3 24 | -12.6% | 42.1% | ||
| Q2 24 | 7.0% | 30.1% |
资本支出强度LCUTWT
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 0.1% | ||
| Q3 25 | 0.3% | 0.0% | ||
| Q2 25 | 0.9% | 0.1% | ||
| Q1 25 | 1.1% | 0.0% | ||
| Q4 24 | 0.3% | 0.1% | ||
| Q3 24 | 0.3% | 0.0% | ||
| Q2 24 | 0.4% | 0.0% |
现金转化率LCUTWT
| Q1 26 | — | 0.44× | ||
| Q4 25 | 0.21× | 3.70× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 2.28× | 4.15× | ||
| Q3 24 | -65.89× | — | ||
| Q2 24 | — | 1.48× |
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% |
WT
| Advisory fees | $134.9M | 85% |
| Other | $6.1M | 4% |
| Third-party distribution fees | $5.8M | 4% |
| Management fees | $5.2M | 3% |
| Sales and business development | $4.2M | 3% |
| Professional fees | $3.3M | 2% |
