vs
乐至宝（LZB）与Wendy's Co（WEN）财务数据对比。点击上方公司名可切换其他公司
Wendy's Co的季度营收约是乐至宝的1.0倍（$543.0M vs $541.6M），Wendy's Co净利率更高（4.9% vs 4.0%，领先0.9%），乐至宝同比增速更快（3.8% vs -5.5%），乐至宝自由现金流更多（$71.6M vs $31.4M），过去两年Wendy's Co的营收复合增速更高（0.8% vs -1.1%）
La-Z-Boy是总部位于美国密歇根州门罗的家具制造企业，主打居家家具产品，涵盖软垫 recliner、沙发、固定座椅、升降椅、沙发床等品类，全球员工规模超过11000人，是休闲家居领域的知名品牌。
温蒂公司是美国知名快餐企业，是温蒂汉堡及First Kitchen的母公司，前身为Deisel-Wemmer公司，总部位于俄亥俄州都柏林。旗下核心子公司温蒂国际是温蒂汉堡餐厅的特许经营授权方，在全球快餐市场拥有较高的品牌辨识度。
LZB vs WEN — 直观对比
营收规模更大
WEN
是对方的1.0倍
$541.6M
营收增速更快
LZB
高出9.2%
-5.5%
净利率更高
WEN
高出0.9%
4.0%
自由现金流更多
LZB
多$40.2M
$31.4M
两年增速更快
WEN
近两年复合增速
-1.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $541.6M | $543.0M |
| 净利润 | $21.6M | $26.5M |
| 毛利率 | 43.1% | 62.7% |
| 营业利润率 | 5.5% | 11.8% |
| 净利率 | 4.0% | 4.9% |
| 营收同比 | 3.8% | -5.5% |
| 净利润同比 | -23.8% | -44.2% |
| 每股收益（稀释后） | $0.52 | $0.14 |
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LZBWEN
| Q1 26 | $541.6M | — | ||
| Q4 25 | $522.5M | $543.0M | ||
| Q3 25 | $492.2M | $549.5M | ||
| Q2 25 | $570.9M | $560.9M | ||
| Q1 25 | $521.8M | $523.5M | ||
| Q4 24 | $521.0M | $574.3M | ||
| Q3 24 | $495.5M | $566.7M | ||
| Q2 24 | $553.5M | $570.7M |
净利润LZBWEN
| Q1 26 | $21.6M | — | ||
| Q4 25 | $28.9M | $26.5M | ||
| Q3 25 | $18.2M | $44.3M | ||
| Q2 25 | $14.9M | $55.1M | ||
| Q1 25 | $28.4M | $39.2M | ||
| Q4 24 | $30.0M | $47.5M | ||
| Q3 24 | $26.2M | $50.2M | ||
| Q2 24 | $39.3M | $54.6M |
毛利率LZBWEN
| Q1 26 | 43.1% | — | ||
| Q4 25 | 44.2% | 62.7% | ||
| Q3 25 | 42.5% | 62.8% | ||
| Q2 25 | 44.0% | 65.0% | ||
| Q1 25 | 44.3% | 64.1% | ||
| Q4 24 | 44.3% | 65.9% | ||
| Q3 24 | 43.1% | 65.5% | ||
| Q2 24 | 43.4% | 65.0% |
营业利润率LZBWEN
| Q1 26 | 5.5% | — | ||
| Q4 25 | 6.9% | 11.8% | ||
| Q3 25 | 4.5% | 16.8% | ||
| Q2 25 | 5.2% | 18.6% | ||
| Q1 25 | 6.7% | 15.9% | ||
| Q4 24 | 7.4% | 16.7% | ||
| Q3 24 | 6.5% | 16.7% | ||
| Q2 24 | 9.1% | 17.4% |
净利率LZBWEN
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.5% | 4.9% | ||
| Q3 25 | 3.7% | 8.1% | ||
| Q2 25 | 2.6% | 9.8% | ||
| Q1 25 | 5.4% | 7.5% | ||
| Q4 24 | 5.8% | 8.3% | ||
| Q3 24 | 5.3% | 8.9% | ||
| Q2 24 | 7.1% | 9.6% |
每股收益（稀释后）LZBWEN
| Q1 26 | $0.52 | — | ||
| Q4 25 | $0.70 | $0.14 | ||
| Q3 25 | $0.44 | $0.23 | ||
| Q2 25 | $0.35 | $0.29 | ||
| Q1 25 | $0.68 | $0.19 | ||
| Q4 24 | $0.71 | $0.23 | ||
| Q3 24 | $0.61 | $0.25 | ||
| Q2 24 | $0.91 | $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 | $306.1M | $300.8M |
| 总债务越低越好 | — | $2.8B |
| 股东权益账面价值 | $1.0B | $117.4M |
| 总资产 | $2.1B | $5.0B |
| 负债/权益比越低杠杆越低 | — | 23.51× |
8季度趋势，按日历期对齐
现金及短期投资LZBWEN
| Q1 26 | $306.1M | — | ||
| Q4 25 | $338.5M | $300.8M | ||
| Q3 25 | $318.5M | $291.4M | ||
| Q2 25 | $328.4M | $281.2M | ||
| Q1 25 | $314.6M | $335.3M | ||
| Q4 24 | $303.1M | $450.5M | ||
| Q3 24 | $342.3M | $482.2M | ||
| Q2 24 | $341.1M | $465.5M |
总债务LZBWEN
| Q1 26 | — | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LZBWEN
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $117.4M | ||
| Q3 25 | $1.0B | $109.2M | ||
| Q2 25 | $1.0B | $112.9M | ||
| Q1 25 | $1.0B | $130.2M | ||
| Q4 24 | $1.0B | $259.4M | ||
| Q3 24 | $999.2M | $259.9M | ||
| Q2 24 | $1.0B | $273.8M |
总资产LZBWEN
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $5.0B | ||
| Q3 25 | $1.9B | $5.0B | ||
| Q2 25 | $1.9B | $4.9B | ||
| Q1 25 | $2.0B | $4.9B | ||
| Q4 24 | $1.9B | $5.0B | ||
| Q3 24 | $1.9B | $5.1B | ||
| Q2 24 | $1.9B | $5.1B |
负债/权益比LZBWEN
| Q1 26 | — | — | ||
| Q4 25 | — | 23.51× | ||
| Q3 25 | — | 24.95× | ||
| Q2 25 | — | 24.18× | ||
| Q1 25 | — | 21.00× | ||
| Q4 24 | — | 10.57× | ||
| 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 | $89.4M | $69.3M |
| 自由现金流经营现金流 - 资本支出 | $71.6M | $31.4M |
| 自由现金流率自由现金流/营收 | 13.2% | 5.8% |
| 资本支出强度资本支出/营收 | 3.3% | 7.0% |
| 现金转化率经营现金流/净利润 | 4.13× | 2.62× |
| 过去12个月自由现金流最近4个季度 | $158.2M | $242.6M |
8季度趋势，按日历期对齐
经营现金流LZBWEN
| Q1 26 | $89.4M | — | ||
| Q4 25 | $50.0M | $69.3M | ||
| Q3 25 | $36.3M | $129.3M | ||
| Q2 25 | $62.0M | $60.6M | ||
| Q1 25 | $57.0M | $85.4M | ||
| Q4 24 | $15.9M | $68.6M | ||
| Q3 24 | $52.3M | $141.2M | ||
| Q2 24 | $52.8M | $45.5M |
自由现金流LZBWEN
| Q1 26 | $71.6M | — | ||
| Q4 25 | $29.6M | $31.4M | ||
| Q3 25 | $17.8M | $104.3M | ||
| Q2 25 | $39.3M | $39.2M | ||
| Q1 25 | $38.2M | $67.7M | ||
| Q4 24 | $-1.2M | $26.6M | ||
| Q3 24 | $36.7M | $123.3M | ||
| Q2 24 | $37.3M | $28.4M |
自由现金流率LZBWEN
| Q1 26 | 13.2% | — | ||
| Q4 25 | 5.7% | 5.8% | ||
| Q3 25 | 3.6% | 19.0% | ||
| Q2 25 | 6.9% | 7.0% | ||
| Q1 25 | 7.3% | 12.9% | ||
| Q4 24 | -0.2% | 4.6% | ||
| Q3 24 | 7.4% | 21.8% | ||
| Q2 24 | 6.7% | 5.0% |
资本支出强度LZBWEN
| Q1 26 | 3.3% | — | ||
| Q4 25 | 3.9% | 7.0% | ||
| Q3 25 | 3.8% | 4.5% | ||
| Q2 25 | 4.0% | 3.8% | ||
| Q1 25 | 3.6% | 3.4% | ||
| Q4 24 | 3.3% | 7.3% | ||
| Q3 24 | 3.2% | 3.2% | ||
| Q2 24 | 2.8% | 3.0% |
现金转化率LZBWEN
| Q1 26 | 4.13× | — | ||
| Q4 25 | 1.73× | 2.62× | ||
| Q3 25 | 1.99× | 2.92× | ||
| Q2 25 | 4.15× | 1.10× | ||
| Q1 25 | 2.01× | 2.18× | ||
| Q4 24 | 0.53× | 1.44× | ||
| Q3 24 | 2.00× | 2.81× | ||
| Q2 24 | 1.34× | 0.83× |
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
LZB
| Stationary Upholstery Furniture | $286.2M | 53% |
| Retail Segment | $251.9M | 47% |
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
