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万豪国际（MAR）与PILGRIMS PRIDE CORP（PPC）财务数据对比。点击上方公司名可切换其他公司
万豪国际的季度营收约是PILGRIMS PRIDE CORP的1.5倍（$6.7B vs $4.5B），万豪国际净利率更高（6.7% vs 2.2%，领先4.4%），万豪国际同比增速更快（4.1% vs 1.6%），过去两年万豪国际的营收复合增速更高（5.8% vs -0.3%）
万豪国际是美国跨国酒店管理集团，主营业务为运营、特许经营及授权各类住宿品牌，覆盖酒店、住宅、分时度假等多元物业类型。集团旗下拥有37个以上酒店及时度假品牌，全球布局9000余处经营点位，客房总量超159万间，总部位于美国马里兰州贝塞斯达，脱胎于原万豪集团的酒店业务板块。
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
MAR vs PPC — 直观对比
营收规模更大
MAR
是对方的1.5倍
$4.5B
营收增速更快
MAR
高出2.5%
1.6%
净利率更高
MAR
高出4.4%
2.2%
两年增速更快
MAR
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.7B | $4.5B |
| 净利润 | $445.0M | $101.5M |
| 毛利率 | — | 7.6% |
| 营业利润率 | 11.6% | 3.6% |
| 净利率 | 6.7% | 2.2% |
| 营收同比 | 4.1% | 1.6% |
| 净利润同比 | -2.2% | — |
| 每股收益（稀释后） | $1.67 | $0.43 |
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MARPPC
| Q1 26 | — | $4.5B | ||
| Q4 25 | $6.7B | $4.5B | ||
| Q3 25 | $6.5B | $4.8B | ||
| Q2 25 | $6.7B | $4.8B | ||
| Q1 25 | $6.3B | $4.5B | ||
| Q4 24 | $6.4B | $4.4B | ||
| Q3 24 | $6.3B | $4.6B | ||
| Q2 24 | $6.4B | $4.6B |
净利润MARPPC
| Q1 26 | — | $101.5M | ||
| Q4 25 | $445.0M | $88.0M | ||
| Q3 25 | $728.0M | $342.8M | ||
| Q2 25 | $763.0M | $355.5M | ||
| Q1 25 | $665.0M | $296.0M | ||
| Q4 24 | $455.0M | $235.9M | ||
| Q3 24 | $584.0M | $349.9M | ||
| Q2 24 | $772.0M | $326.3M |
毛利率MARPPC
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 15.2% |
营业利润率MARPPC
| Q1 26 | — | 3.6% | ||
| Q4 25 | 11.6% | 4.5% | ||
| Q3 25 | 18.2% | 10.4% | ||
| Q2 25 | 18.3% | 10.8% | ||
| Q1 25 | 15.1% | 9.1% | ||
| Q4 24 | 11.7% | 7.0% | ||
| Q3 24 | 15.1% | 11.1% | ||
| Q2 24 | 18.6% | 9.7% |
净利率MARPPC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 6.7% | 1.9% | ||
| Q3 25 | 11.2% | 7.2% | ||
| Q2 25 | 11.3% | 7.5% | ||
| Q1 25 | 10.6% | 6.6% | ||
| Q4 24 | 7.1% | 5.4% | ||
| Q3 24 | 9.3% | 7.6% | ||
| Q2 24 | 12.0% | 7.2% |
每股收益（稀释后）MARPPC
| Q1 26 | — | $0.43 | ||
| Q4 25 | $1.67 | $0.37 | ||
| Q3 25 | $2.67 | $1.44 | ||
| Q2 25 | $2.78 | $1.49 | ||
| Q1 25 | $2.39 | $1.24 | ||
| Q4 24 | $1.64 | $1.00 | ||
| Q3 24 | $2.07 | $1.47 | ||
| Q2 24 | $2.69 | $1.37 |
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 | $358.0M | $542.4M |
| 总债务越低越好 | $15.0B | $3.1B |
| 股东权益账面价值 | $-3.8B | $3.7B |
| 总资产 | $27.5B | $10.2B |
| 负债/权益比越低杠杆越低 | — | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资MARPPC
| Q1 26 | — | $542.4M | ||
| Q4 25 | $358.0M | $640.2M | ||
| Q3 25 | $678.0M | $612.6M | ||
| Q2 25 | $671.0M | $849.0M | ||
| Q1 25 | $523.0M | $2.1B | ||
| Q4 24 | $396.0M | $2.0B | ||
| Q3 24 | $394.0M | $1.9B | ||
| Q2 24 | $349.0M | $1.3B |
总债务MARPPC
| Q1 26 | — | $3.1B | ||
| Q4 25 | $15.0B | $3.1B | ||
| Q3 25 | $14.4B | $3.1B | ||
| Q2 25 | $14.5B | $3.1B | ||
| Q1 25 | $14.1B | $3.2B | ||
| Q4 24 | $13.1B | $3.2B | ||
| Q3 24 | $12.7B | $3.2B | ||
| Q2 24 | $12.2B | $3.2B |
股东权益MARPPC
| Q1 26 | — | $3.7B | ||
| Q4 25 | $-3.8B | $3.7B | ||
| Q3 25 | $-3.1B | $3.5B | ||
| Q2 25 | $-3.0B | $3.7B | ||
| Q1 25 | $-3.2B | $3.1B | ||
| Q4 24 | $-3.0B | $4.2B | ||
| Q3 24 | $-2.4B | $4.2B | ||
| Q2 24 | $-2.1B | $3.7B |
总资产MARPPC
| Q1 26 | — | $10.2B | ||
| Q4 25 | $27.5B | $10.3B | ||
| Q3 25 | $27.8B | $10.0B | ||
| Q2 25 | $27.3B | $10.1B | ||
| Q1 25 | $26.7B | $11.0B | ||
| Q4 24 | $26.2B | $10.7B | ||
| Q3 24 | $26.2B | $10.7B | ||
| Q2 24 | $25.7B | $10.1B |
负债/权益比MARPPC
| Q1 26 | — | 0.83× | ||
| Q4 25 | — | 0.84× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 0.76× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.85× |
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 | $829.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.86× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MARPPC
| Q1 26 | — | — | ||
| Q4 25 | $829.0M | $291.2M | ||
| Q3 25 | $1.1B | $458.3M | ||
| Q2 25 | $643.0M | $495.2M | ||
| Q1 25 | $647.0M | $126.9M | ||
| Q4 24 | $318.0M | $349.3M | ||
| Q3 24 | $880.0M | $651.1M | ||
| Q2 24 | $772.0M | $718.6M |
自由现金流MARPPC
| Q1 26 | — | — | ||
| Q4 25 | — | $10.0M | ||
| Q3 25 | $951.0M | $275.9M | ||
| Q2 25 | $488.0M | $339.1M | ||
| Q1 25 | $512.0M | $28.1M | ||
| Q4 24 | $-24.0M | $176.6M | ||
| Q3 24 | $706.0M | $565.3M | ||
| Q2 24 | $647.0M | $617.7M |
自由现金流率MARPPC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | 14.7% | 5.8% | ||
| Q2 25 | 7.2% | 7.1% | ||
| Q1 25 | 8.2% | 0.6% | ||
| Q4 24 | -0.4% | 4.0% | ||
| Q3 24 | 11.3% | 12.3% | ||
| Q2 24 | 10.0% | 13.5% |
资本支出强度MARPPC
| Q1 26 | — | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | 2.2% | 3.8% | ||
| Q2 25 | 2.3% | 3.3% | ||
| Q1 25 | 2.2% | 2.2% | ||
| Q4 24 | 5.3% | 4.0% | ||
| Q3 24 | 2.8% | 1.9% | ||
| Q2 24 | 1.9% | 2.2% |
现金转化率MARPPC
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | 3.31× | ||
| Q3 25 | 1.50× | 1.34× | ||
| Q2 25 | 0.84× | 1.39× | ||
| Q1 25 | 0.97× | 0.43× | ||
| Q4 24 | 0.70× | 1.48× | ||
| Q3 24 | 1.51× | 1.86× | ||
| Q2 24 | 1.00× | 2.20× |
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
MAR
暂无分部数据
PPC
| U.S | $2.6B | 58% |
| Europe | $1.4B | 30% |
| Mexico | $545.5M | 12% |
