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切尼尔能源（LNG）与百胜中国（YUMC）财务数据对比。点击上方公司名可切换其他公司
切尼尔能源的季度营收约是百胜中国的1.9倍（$5.4B vs $2.8B），切尼尔能源净利率更高（42.8% vs 5.0%，领先37.9%），切尼尔能源同比增速更快（20.3% vs 8.8%），切尼尔能源自由现金流更多（$1.3B vs $-116.0M），过去两年切尼尔能源的营收复合增速更高（14.3% vs -2.3%）
切尼尔能源（Cheniere Energy, Inc.）是总部位于美国得克萨斯州休斯敦的液化天然气（LNG）企业，专注于液化天然气的生产与供应业务，是北美地区颇具影响力的能源行业参与者。
百胜中国是总部位于上海的世界500强快餐企业，2016年从百胜餐饮集团分拆独立上市，获百胜餐饮集团商标授权，按全系统销售额的3%支付授权费。目前在国内1100多座城市运营超8400家餐厅，全球门店总数超10600家，年营收达95亿美元，是全球规模最大的餐饮企业之一。
LNG vs YUMC — 直观对比
营收规模更大
LNG
是对方的1.9倍
$2.8B
营收增速更快
LNG
高出11.5%
8.8%
净利率更高
LNG
高出37.9%
5.0%
自由现金流更多
LNG
多$1.4B
$-116.0M
两年增速更快
LNG
近两年复合增速
-2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $2.8B |
| 净利润 | $2.3B | $140.0M |
| 毛利率 | — | — |
| 营业利润率 | 70.8% | 6.6% |
| 净利率 | 42.8% | 5.0% |
| 营收同比 | 20.3% | 8.8% |
| 净利润同比 | 135.6% | 21.7% |
| 每股收益（稀释后） | $10.51 | $0.40 |
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LNGYUMC
| Q4 25 | $5.4B | $2.8B | ||
| Q3 25 | $4.3B | $3.2B | ||
| Q2 25 | $4.5B | $2.8B | ||
| Q1 25 | $5.3B | $3.0B | ||
| Q4 24 | $4.5B | $2.6B | ||
| Q3 24 | $3.7B | $3.1B | ||
| Q2 24 | $3.1B | $2.7B | ||
| Q1 24 | $4.1B | $3.0B |
净利润LNGYUMC
| Q4 25 | $2.3B | $140.0M | ||
| Q3 25 | $1.0B | $282.0M | ||
| Q2 25 | $1.6B | $215.0M | ||
| Q1 25 | $353.0M | $292.0M | ||
| Q4 24 | $977.0M | $115.0M | ||
| Q3 24 | $893.0M | $297.0M | ||
| Q2 24 | $880.0M | $212.0M | ||
| Q1 24 | $502.0M | $287.0M |
营业利润率LNGYUMC
| Q4 25 | 70.8% | 6.6% | ||
| Q3 25 | 42.3% | 12.5% | ||
| Q2 25 | 56.1% | 10.9% | ||
| Q1 25 | 18.2% | 13.4% | ||
| Q4 24 | 38.9% | 5.8% | ||
| Q3 24 | 44.7% | 12.1% | ||
| Q2 24 | 50.5% | 9.9% | ||
| Q1 24 | 28.0% | 12.6% |
净利率LNGYUMC
| Q4 25 | 42.8% | 5.0% | ||
| Q3 25 | 24.4% | 8.8% | ||
| Q2 25 | 36.1% | 7.7% | ||
| Q1 25 | 6.7% | 9.8% | ||
| Q4 24 | 21.9% | 4.4% | ||
| Q3 24 | 24.2% | 9.7% | ||
| Q2 24 | 28.0% | 7.9% | ||
| Q1 24 | 12.2% | 9.7% |
每股收益（稀释后）LNGYUMC
| Q4 25 | $10.51 | $0.40 | ||
| Q3 25 | $4.75 | $0.76 | ||
| Q2 25 | $7.30 | $0.58 | ||
| Q1 25 | $1.57 | $0.77 | ||
| Q4 24 | $4.30 | $0.30 | ||
| Q3 24 | $3.93 | $0.77 | ||
| Q2 24 | $3.84 | $0.55 | ||
| Q1 24 | $2.13 | $0.71 |
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 | $1.1B | $1.4B |
| 总债务越低越好 | $22.5B | — |
| 股东权益账面价值 | $7.9B | $5.4B |
| 总资产 | $47.9B | $10.8B |
| 负债/权益比越低杠杆越低 | 2.84× | — |
8季度趋势，按日历期对齐
现金及短期投资LNGYUMC
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.6B | $2.2B | ||
| Q1 25 | $2.5B | $2.0B | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $2.7B | $2.5B | ||
| Q2 24 | $2.4B | $2.5B | ||
| Q1 24 | $4.4B | $2.4B |
总债务LNGYUMC
| Q4 25 | $22.5B | — | ||
| Q3 25 | $22.0B | — | ||
| Q2 25 | $22.0B | — | ||
| Q1 25 | $22.5B | — | ||
| Q4 24 | $22.6B | — | ||
| Q3 24 | $22.5B | — | ||
| Q2 24 | $22.6B | — | ||
| Q1 24 | $21.4B | — |
股东权益LNGYUMC
| Q4 25 | $7.9B | $5.4B | ||
| Q3 25 | $6.7B | $5.7B | ||
| Q2 25 | $6.7B | $5.8B | ||
| Q1 25 | $5.6B | $5.8B | ||
| Q4 24 | $5.7B | $5.7B | ||
| Q3 24 | $5.1B | $6.0B | ||
| Q2 24 | $4.5B | $5.8B | ||
| Q1 24 | $4.3B | $5.9B |
总资产LNGYUMC
| Q4 25 | $47.9B | $10.8B | ||
| Q3 25 | $45.1B | $11.0B | ||
| Q2 25 | $44.6B | $11.0B | ||
| Q1 25 | $43.5B | $11.0B | ||
| Q4 24 | $43.9B | $11.1B | ||
| Q3 24 | $43.1B | $11.8B | ||
| Q2 24 | $42.3B | $11.6B | ||
| Q1 24 | $42.9B | $11.3B |
负债/权益比LNGYUMC
| Q4 25 | 2.84× | — | ||
| Q3 25 | 3.25× | — | ||
| Q2 25 | 3.28× | — | ||
| Q1 25 | 4.03× | — | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 4.42× | — | ||
| Q2 24 | 5.06× | — | ||
| Q1 24 | 5.04× | — |
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 | $2.1B | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-116.0M |
| 自由现金流率自由现金流/营收 | 24.4% | -4.1% |
| 资本支出强度资本支出/营收 | 13.8% | 8.5% |
| 现金转化率经营现金流/净利润 | 0.89× | 0.89× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $840.0M |
8季度趋势，按日历期对齐
经营现金流LNGYUMC
| Q4 25 | $2.1B | $125.0M | ||
| Q3 25 | $1.4B | $477.0M | ||
| Q2 25 | $831.0M | $412.0M | ||
| Q1 25 | $1.2B | $452.0M | ||
| Q4 24 | $1.6B | $167.0M | ||
| Q3 24 | $1.4B | $409.0M | ||
| Q2 24 | $1.1B | $401.0M | ||
| Q1 24 | $1.2B | $442.0M |
自由现金流LNGYUMC
| Q4 25 | $1.3B | $-116.0M | ||
| Q3 25 | $738.0M | $351.0M | ||
| Q2 25 | $-193.0M | $290.0M | ||
| Q1 25 | $605.0M | $315.0M | ||
| Q4 24 | $1.1B | $-15.0M | ||
| Q3 24 | $875.0M | $244.0M | ||
| Q2 24 | $613.0M | $232.0M | ||
| Q1 24 | $596.0M | $253.0M |
自由现金流率LNGYUMC
| Q4 25 | 24.4% | -4.1% | ||
| Q3 25 | 17.2% | 10.9% | ||
| Q2 25 | -4.3% | 10.4% | ||
| Q1 25 | 11.4% | 10.6% | ||
| Q4 24 | 24.0% | -0.6% | ||
| Q3 24 | 23.8% | 7.9% | ||
| Q2 24 | 19.5% | 8.7% | ||
| Q1 24 | 14.5% | 8.6% |
资本支出强度LNGYUMC
| Q4 25 | 13.8% | 8.5% | ||
| Q3 25 | 16.0% | 3.9% | ||
| Q2 25 | 22.7% | 4.4% | ||
| Q1 25 | 11.8% | 4.6% | ||
| Q4 24 | 12.7% | 7.0% | ||
| Q3 24 | 14.0% | 5.4% | ||
| Q2 24 | 16.0% | 6.3% | ||
| Q1 24 | 15.8% | 6.4% |
现金转化率LNGYUMC
| Q4 25 | 0.89× | 0.89× | ||
| Q3 25 | 1.36× | 1.69× | ||
| Q2 25 | 0.51× | 1.92× | ||
| Q1 25 | 3.48× | 1.55× | ||
| Q4 24 | 1.68× | 1.45× | ||
| Q3 24 | 1.56× | 1.38× | ||
| Q2 24 | 1.27× | 1.89× | ||
| Q1 24 | 2.48× | 1.54× |
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
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
YUMC
| Revenue From External Customers | $2.1B | 75% |
| Pizza Hut | $540.0M | 19% |
| Corporate And Unallocated | $105.0M | 4% |
| Other Revenue | $45.0M | 2% |
| Franchise Fees And Income | $25.0M | 1% |
