vs
美泰（MAT）与Restaurant Brands International Inc.（QSR）财务数据对比。点击上方公司名可切换其他公司
Restaurant Brands International Inc.的季度营收约是美泰的2.6倍（$2.3B vs $862.2M），Restaurant Brands International Inc.净利率更高（19.7% vs 7.1%，领先12.6%），Restaurant Brands International Inc.同比增速更快（7.3% vs 4.3%），Restaurant Brands International Inc.自由现金流更多（$169.0M vs $-88.1M），过去两年Restaurant Brands International Inc.的营收复合增速更高（4.3% vs -10.6%）
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
Restaurant Brands International（简称RBI）是美加合资的跨国快餐控股企业，2014年由汉堡王与加拿大咖啡连锁品牌蒂姆·霍顿斯以125亿美元合并成立，后续先后收购Popeyes、Firehouse Subs两大品牌，现为全球第五大快餐运营商，规模仅次于赛百味、麦当劳、星巴克和百胜餐饮。
MAT vs QSR — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $2.3B |
| 净利润 | $61.0M | $445.0M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 0.0% |
| 净利率 | 7.1% | 19.7% |
| 营收同比 | 4.3% | 7.3% |
| 净利润同比 | 251.4% | — |
| 每股收益（稀释后） | $0.20 | $0.97 |
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
| Q1 26 | $862.2M | $2.3B | ||
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $1.7B | $2.4B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | $826.6M | $2.1B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.1B | $2.1B |
| Q1 26 | $61.0M | $445.0M | ||
| Q4 25 | $106.2M | $155.0M | ||
| Q3 25 | $278.4M | $436.0M | ||
| Q2 25 | $53.4M | $263.0M | ||
| Q1 25 | $-40.3M | $221.0M | ||
| Q4 24 | $140.9M | $361.0M | ||
| Q3 24 | $372.4M | $357.0M | ||
| Q2 24 | $56.9M | $399.0M |
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 50.0% | — | ||
| Q2 25 | 50.9% | — | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 53.1% | — | ||
| Q2 24 | 49.2% | — |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 8.0% | 25.2% | ||
| Q3 25 | 21.9% | 27.1% | ||
| Q2 25 | 7.7% | 20.0% | ||
| Q1 25 | -6.4% | 20.6% | ||
| Q4 24 | 9.6% | 27.7% | ||
| Q3 24 | 26.5% | 25.2% | ||
| Q2 24 | 7.7% | 31.9% |
| Q1 26 | 7.1% | 19.7% | ||
| Q4 25 | 6.0% | 6.3% | ||
| Q3 25 | 16.0% | 17.8% | ||
| Q2 25 | 5.2% | 10.9% | ||
| Q1 25 | -4.9% | 10.5% | ||
| Q4 24 | 8.6% | 15.7% | ||
| Q3 24 | 20.2% | 15.6% | ||
| Q2 24 | 5.3% | 19.2% |
| Q1 26 | $0.20 | $0.97 | ||
| Q4 25 | $0.32 | $0.33 | ||
| Q3 25 | $0.88 | $0.96 | ||
| Q2 25 | $0.16 | $0.57 | ||
| Q1 25 | $-0.12 | $0.49 | ||
| Q4 24 | $0.40 | $0.79 | ||
| Q3 24 | $1.09 | $0.79 | ||
| Q2 24 | $0.17 | $0.88 |
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 | $866.0M | $1.0B |
| 总债务越低越好 | $2.3B | $13.3B |
| 股东权益账面价值 | $2.1B | $5.3B |
| 总资产 | $6.3B | $24.9B |
| 负债/权益比越低杠杆越低 | 1.11× | 2.51× |
8季度趋势，按日历期对齐
| Q1 26 | $866.0M | $1.0B | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $691.9M | — | ||
| Q2 25 | $870.5M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | — |
| Q1 26 | $2.3B | $13.3B | ||
| Q4 25 | $2.3B | $13.3B | ||
| Q3 25 | $2.3B | $13.5B | ||
| Q2 25 | $2.3B | $13.6B | ||
| Q1 25 | $2.3B | $13.6B | ||
| Q4 24 | $2.3B | $13.6B | ||
| Q3 24 | $2.3B | $13.7B | ||
| Q2 24 | $2.3B | $13.7B |
| Q1 26 | $2.1B | $5.3B | ||
| Q4 25 | $2.2B | $3.6B | ||
| Q3 25 | $2.3B | $3.4B | ||
| Q2 25 | $2.2B | $3.3B | ||
| Q1 25 | $2.1B | $3.1B | ||
| Q4 24 | $2.3B | $3.1B | ||
| Q3 24 | $2.3B | $3.2B | ||
| Q2 24 | $2.0B | $3.1B |
| Q1 26 | $6.3B | $24.9B | ||
| Q4 25 | $6.6B | $25.6B | ||
| Q3 25 | $6.6B | $25.7B | ||
| Q2 25 | $6.2B | $25.7B | ||
| Q1 25 | $6.2B | $24.9B | ||
| Q4 24 | $6.5B | $24.6B | ||
| Q3 24 | $6.5B | $25.1B | ||
| Q2 24 | $5.9B | $24.8B |
| Q1 26 | 1.11× | 2.51× | ||
| Q4 25 | 1.04× | 3.65× | ||
| Q3 25 | 1.03× | 3.99× | ||
| Q2 25 | 1.08× | 4.10× | ||
| Q1 25 | 1.10× | 4.37× | ||
| Q4 24 | 1.03× | 4.39× | ||
| Q3 24 | 1.01× | 4.22× | ||
| Q2 24 | 1.18× | 4.46× |
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 | — | $227.0M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $169.0M |
| 自由现金流率自由现金流/营收 | -10.2% | 7.5% |
| 资本支出强度资本支出/营收 | 7.6% | — |
| 现金转化率经营现金流/净利润 | — | 0.51× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
| Q1 26 | — | $227.0M | ||
| Q4 25 | $796.6M | $555.0M | ||
| Q3 25 | $72.0M | $592.0M | ||
| Q2 25 | $-300.1M | $449.0M | ||
| Q1 25 | $24.8M | $118.0M | ||
| Q4 24 | $862.1M | $481.0M | ||
| Q3 24 | $155.8M | $540.0M | ||
| Q2 24 | $-252.9M | $334.0M |
| Q1 26 | $-88.1M | $169.0M | ||
| Q4 25 | — | $453.0M | ||
| Q3 25 | — | $531.0M | ||
| Q2 25 | — | $411.0M | ||
| Q1 25 | — | $54.0M | ||
| Q4 24 | — | $404.0M | ||
| Q3 24 | — | $485.0M | ||
| Q2 24 | — | $291.0M |
| Q1 26 | -10.2% | 7.5% | ||
| Q4 25 | — | 18.4% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 14.0% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.1% |
| Q1 26 | — | 0.51× | ||
| Q4 25 | 7.50× | 3.58× | ||
| Q3 25 | 0.26× | 1.36× | ||
| Q2 25 | -5.62× | 1.71× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 6.12× | 1.33× | ||
| Q3 24 | 0.42× | 1.51× | ||
| Q2 24 | -4.45× | 0.84× |
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
MAT
暂无分部数据
QSR
| TH | $997.0M | 44% |
| RH | $448.0M | 20% |
| BK | $365.0M | 16% |
| INTL | $254.0M | 11% |
| PLK | $190.0M | 8% |
| FHS | $60.0M | 3% |
