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李尔公司（LEA）与麦当劳（MCD）财务数据对比。点击上方公司名可切换其他公司
麦当劳的季度营收约是李尔公司的1.2倍（$7.0B vs $6.0B），麦当劳净利率更高（30.9% vs 1.4%，领先29.5%），麦当劳同比增速更快（9.7% vs 4.8%），麦当劳自由现金流更多（$1.6B vs $281.1M），过去两年麦当劳的营收复合增速更高（6.6% vs -0.1%）
李尔公司是美国知名汽车零部件供应商，核心业务涵盖汽车座椅及电气系统的研发、生产与销售。公司曾位列2018年《财富》世界500强第148位，2019年升至第147位，在全球汽车供应链领域拥有突出的市场地位与品牌影响力。
麦当劳是源自美国的知名跨国连锁快餐品牌，主营汉堡、薯条、炸鸡等快餐食品，业务覆盖全球多个国家和地区。截至2024年，其全球门店数量在所有餐饮连锁品牌中位列第二，仅次于中国本土品牌蜜雪冰城。
LEA vs MCD — 直观对比
营收规模更大
MCD
是对方的1.2倍
$6.0B
营收增速更快
MCD
高出4.9%
4.8%
净利率更高
MCD
高出29.5%
1.4%
自由现金流更多
MCD
多$1.4B
$281.1M
两年增速更快
MCD
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $7.0B |
| 净利润 | $82.7M | $2.2B |
| 毛利率 | 5.7% | — |
| 营业利润率 | 2.6% | 45.0% |
| 净利率 | 1.4% | 30.9% |
| 营收同比 | 4.8% | 9.7% |
| 净利润同比 | -6.1% | 7.3% |
| 每股收益（稀释后） | $1.58 | $3.03 |
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LEAMCD
| Q4 25 | $6.0B | $7.0B | ||
| Q3 25 | $5.7B | $7.1B | ||
| Q2 25 | $6.0B | $6.8B | ||
| Q1 25 | $5.6B | $6.0B | ||
| Q4 24 | $5.7B | $6.4B | ||
| Q3 24 | $5.6B | $6.9B | ||
| Q2 24 | $6.0B | $6.5B | ||
| Q1 24 | $6.0B | $6.2B |
净利润LEAMCD
| Q4 25 | $82.7M | $2.2B | ||
| Q3 25 | $108.2M | $2.3B | ||
| Q2 25 | $165.2M | $2.3B | ||
| Q1 25 | $80.7M | $1.9B | ||
| Q4 24 | $88.1M | $2.0B | ||
| Q3 24 | $135.8M | $2.3B | ||
| Q2 24 | $173.1M | $2.0B | ||
| Q1 24 | $109.6M | $1.9B |
毛利率LEAMCD
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.4% | 90.6% | ||
| Q2 25 | 7.3% | 90.4% | ||
| Q1 25 | 6.5% | 89.6% | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 7.3% | 90.6% | ||
| Q2 24 | 7.5% | 90.3% | ||
| Q1 24 | 6.6% | 89.8% |
营业利润率LEAMCD
| Q4 25 | 2.6% | 45.0% | ||
| Q3 25 | 3.4% | 47.4% | ||
| Q2 25 | 4.1% | 47.2% | ||
| Q1 25 | 3.3% | 44.5% | ||
| Q4 24 | 3.7% | 44.9% | ||
| Q3 24 | 3.9% | 46.4% | ||
| Q2 24 | 4.3% | 45.0% | ||
| Q1 24 | 3.3% | 44.4% |
净利率LEAMCD
| Q4 25 | 1.4% | 30.9% | ||
| Q3 25 | 1.9% | 32.2% | ||
| Q2 25 | 2.7% | 32.9% | ||
| Q1 25 | 1.5% | 31.4% | ||
| Q4 24 | 1.5% | 31.6% | ||
| Q3 24 | 2.4% | 32.8% | ||
| Q2 24 | 2.9% | 31.2% | ||
| Q1 24 | 1.8% | 31.3% |
每股收益（稀释后）LEAMCD
| Q4 25 | $1.58 | $3.03 | ||
| Q3 25 | $2.02 | $3.18 | ||
| Q2 25 | $3.06 | $3.14 | ||
| Q1 25 | $1.49 | $2.60 | ||
| Q4 24 | $1.64 | $2.80 | ||
| Q3 24 | $2.41 | $3.13 | ||
| Q2 24 | $3.02 | $2.80 | ||
| Q1 24 | $1.90 | $2.66 |
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 | $1.0B | $774.0M |
| 总债务越低越好 | $2.7B | $40.0B |
| 股东权益账面价值 | $5.0B | $-1.8B |
| 总资产 | $14.8B | $59.5B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资LEAMCD
| Q4 25 | $1.0B | $774.0M | ||
| Q3 25 | $1.0B | $2.4B | ||
| Q2 25 | $887.9M | $1.9B | ||
| Q1 25 | $779.9M | $1.2B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $763.9M | $1.2B | ||
| Q2 24 | $950.3M | $792.0M | ||
| Q1 24 | $930.4M | $838.0M |
总债务LEAMCD
| Q4 25 | $2.7B | $40.0B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | $38.4B | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益LEAMCD
| Q4 25 | $5.0B | $-1.8B | ||
| Q3 25 | $5.1B | $-2.2B | ||
| Q2 25 | $5.1B | $-2.8B | ||
| Q1 25 | $4.7B | $-3.5B | ||
| Q4 24 | $4.5B | $-3.8B | ||
| Q3 24 | $4.8B | $-5.2B | ||
| Q2 24 | $4.8B | $-4.8B | ||
| Q1 24 | $4.9B | $-4.8B |
总资产LEAMCD
| Q4 25 | $14.8B | $59.5B | ||
| Q3 25 | $15.2B | $60.6B | ||
| Q2 25 | $15.3B | $59.6B | ||
| Q1 25 | $14.6B | $56.3B | ||
| Q4 24 | $14.0B | $55.2B | ||
| Q3 24 | $14.8B | $56.2B | ||
| Q2 24 | $14.7B | $53.8B | ||
| Q1 24 | $14.9B | $53.5B |
负债/权益比LEAMCD
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.56× | — |
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 | $475.9M | $2.7B |
| 自由现金流经营现金流 - 资本支出 | $281.1M | $1.6B |
| 自由现金流率自由现金流/营收 | 4.7% | 23.4% |
| 资本支出强度资本支出/营收 | 3.3% | 15.1% |
| 现金转化率经营现金流/净利润 | 5.75× | 1.25× |
| 过去12个月自由现金流最近4个季度 | $527.2M | $7.2B |
8季度趋势，按日历期对齐
经营现金流LEAMCD
| Q4 25 | $475.9M | $2.7B | ||
| Q3 25 | $444.4M | $3.4B | ||
| Q2 25 | $296.2M | $2.0B | ||
| Q1 25 | $-127.7M | $2.4B | ||
| Q4 24 | $680.8M | $2.6B | ||
| Q3 24 | $182.7M | $2.7B | ||
| Q2 24 | $291.2M | $1.7B | ||
| Q1 24 | $-34.6M | $2.4B |
自由现金流LEAMCD
| Q4 25 | $281.1M | $1.6B | ||
| Q3 25 | $307.0M | $2.4B | ||
| Q2 25 | $170.8M | $1.3B | ||
| Q1 25 | $-231.7M | $1.9B | ||
| Q4 24 | $488.7M | $1.8B | ||
| Q3 24 | $50.5M | $1.9B | ||
| Q2 24 | $170.4M | $1.1B | ||
| Q1 24 | $-148.2M | $1.8B |
自由现金流率LEAMCD
| Q4 25 | 4.7% | 23.4% | ||
| Q3 25 | 5.4% | 34.1% | ||
| Q2 25 | 2.8% | 18.3% | ||
| Q1 25 | -4.2% | 31.5% | ||
| Q4 24 | 8.6% | 28.6% | ||
| Q3 24 | 0.9% | 28.3% | ||
| Q2 24 | 2.8% | 16.3% | ||
| Q1 24 | -2.5% | 29.9% |
资本支出强度LEAMCD
| Q4 25 | 3.3% | 15.1% | ||
| Q3 25 | 2.4% | 14.3% | ||
| Q2 25 | 2.1% | 10.9% | ||
| Q1 25 | 1.9% | 9.3% | ||
| Q4 24 | 3.4% | 12.6% | ||
| Q3 24 | 2.4% | 11.6% | ||
| Q2 24 | 2.0% | 9.7% | ||
| Q1 24 | 1.9% | 8.9% |
现金转化率LEAMCD
| Q4 25 | 5.75× | 1.25× | ||
| Q3 25 | 4.11× | 1.50× | ||
| Q2 25 | 1.79× | 0.89× | ||
| Q1 25 | -1.58× | 1.30× | ||
| Q4 24 | 7.73× | 1.30× | ||
| Q3 24 | 1.35× | 1.21× | ||
| Q2 24 | 1.68× | 0.84× | ||
| Q1 24 | -0.32× | 1.24× |
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
LEA
| Other | $3.5B | 59% |
| Seating Segment | $1.9B | 32% |
| E Systems Segment | $520.6M | 9% |
MCD
| International Operated Markets | $3.6B | 51% |
| Other | $2.8B | 40% |
| International Developmental Licensed Marketsand Corporate | $633.0M | 9% |
