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麦当劳（MCD）与亿滋国际（MDLZ）财务数据对比。点击上方公司名可切换其他公司
亿滋国际的季度营收约是麦当劳的1.4倍（$10.1B vs $7.0B），麦当劳净利率更高（30.9% vs 5.6%，领先25.3%），麦当劳同比增速更快（9.7% vs 8.2%），麦当劳自由现金流更多（$1.6B vs $155.0M），过去两年亿滋国际的营收复合增速更高（9.9% vs 6.6%）
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。
亿滋国际是总部位于美国芝加哥的跨国休闲食品及饮料巨头，主营糖果、零食等快消品类，业务覆盖全球约160个国家和地区，年营收约265亿美元，2021年位列《财富》美国500强榜单第108名。
MCD vs MDLZ — 直观对比
营收规模更大
MDLZ
是对方的1.4倍
$7.0B
营收增速更快
MCD
高出1.5%
8.2%
净利率更高
MCD
高出25.3%
5.6%
自由现金流更多
MCD
多$1.5B
$155.0M
两年增速更快
MDLZ
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.0B | $10.1B |
| 净利润 | $2.2B | $564.0M |
| 毛利率 | — | 27.8% |
| 营业利润率 | 45.0% | 8.0% |
| 净利率 | 30.9% | 5.6% |
| 营收同比 | 9.7% | 8.2% |
| 净利润同比 | 7.3% | 38.6% |
| 每股收益（稀释后） | $3.03 | $0.44 |
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MCDMDLZ
| Q1 26 | — | $10.1B | ||
| Q4 25 | $7.0B | $10.5B | ||
| Q3 25 | $7.1B | $9.7B | ||
| Q2 25 | $6.8B | $9.0B | ||
| Q1 25 | $6.0B | $9.3B | ||
| Q4 24 | $6.4B | $9.6B | ||
| Q3 24 | $6.9B | $9.2B | ||
| Q2 24 | $6.5B | $8.3B |
净利润MCDMDLZ
| Q1 26 | — | $564.0M | ||
| Q4 25 | $2.2B | $665.0M | ||
| Q3 25 | $2.3B | $743.0M | ||
| Q2 25 | $2.3B | $641.0M | ||
| Q1 25 | $1.9B | $402.0M | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.3B | $853.0M | ||
| Q2 24 | $2.0B | $601.0M |
毛利率MCDMDLZ
| Q1 26 | — | 27.8% | ||
| Q4 25 | — | 28.2% | ||
| Q3 25 | 90.6% | 26.8% | ||
| Q2 25 | 90.4% | 32.7% | ||
| Q1 25 | 89.6% | 26.1% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | 90.6% | 32.6% | ||
| Q2 24 | 90.3% | 33.5% |
营业利润率MCDMDLZ
| Q1 26 | — | 8.0% | ||
| Q4 25 | 45.0% | 9.1% | ||
| Q3 25 | 47.4% | 7.6% | ||
| Q2 25 | 47.2% | 13.0% | ||
| Q1 25 | 44.5% | 7.3% | ||
| Q4 24 | 44.9% | 16.8% | ||
| Q3 24 | 46.4% | 12.5% | ||
| Q2 24 | 45.0% | 10.2% |
净利率MCDMDLZ
| Q1 26 | — | 5.6% | ||
| Q4 25 | 30.9% | 6.3% | ||
| Q3 25 | 32.2% | 7.6% | ||
| Q2 25 | 32.9% | 7.1% | ||
| Q1 25 | 31.4% | 4.3% | ||
| Q4 24 | 31.6% | 18.2% | ||
| Q3 24 | 32.8% | 9.3% | ||
| Q2 24 | 31.2% | 7.2% |
每股收益（稀释后）MCDMDLZ
| Q1 26 | — | $0.44 | ||
| Q4 25 | $3.03 | $0.52 | ||
| Q3 25 | $3.18 | $0.57 | ||
| Q2 25 | $3.14 | $0.49 | ||
| Q1 25 | $2.60 | $0.31 | ||
| Q4 24 | $2.80 | $1.30 | ||
| Q3 24 | $3.13 | $0.63 | ||
| Q2 24 | $2.80 | $0.45 |
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 | $774.0M | $1.5B |
| 总债务越低越好 | $40.0B | $18.3B |
| 股东权益账面价值 | $-1.8B | $25.8B |
| 总资产 | $59.5B | $71.1B |
| 负债/权益比越低杠杆越低 | — | 0.71× |
8季度趋势，按日历期对齐
现金及短期投资MCDMDLZ
| Q1 26 | — | $1.5B | ||
| Q4 25 | $774.0M | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $792.0M | — |
总债务MCDMDLZ
| Q1 26 | — | $18.3B | ||
| Q4 25 | $40.0B | $17.2B | ||
| Q3 25 | — | $17.1B | ||
| Q2 25 | — | $18.1B | ||
| Q1 25 | — | $15.8B | ||
| Q4 24 | $38.4B | $15.7B | ||
| Q3 24 | — | $16.5B | ||
| Q2 24 | — | $16.1B |
股东权益MCDMDLZ
| Q1 26 | — | $25.8B | ||
| Q4 25 | $-1.8B | $25.8B | ||
| Q3 25 | $-2.2B | $26.2B | ||
| Q2 25 | $-2.8B | $26.2B | ||
| Q1 25 | $-3.5B | $25.8B | ||
| Q4 24 | $-3.8B | $26.9B | ||
| Q3 24 | $-5.2B | $27.9B | ||
| Q2 24 | $-4.8B | $27.7B |
总资产MCDMDLZ
| Q1 26 | — | $71.1B | ||
| Q4 25 | $59.5B | $71.5B | ||
| Q3 25 | $60.6B | $71.4B | ||
| Q2 25 | $59.6B | $71.0B | ||
| Q1 25 | $56.3B | $68.9B | ||
| Q4 24 | $55.2B | $68.5B | ||
| Q3 24 | $56.2B | $72.2B | ||
| Q2 24 | $53.8B | $73.1B |
负债/权益比MCDMDLZ
| Q1 26 | — | 0.71× | ||
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.58× |
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 | $2.7B | $467.0M |
| 自由现金流经营现金流 - 资本支出 | $1.6B | $155.0M |
| 自由现金流率自由现金流/营收 | 23.4% | 1.5% |
| 资本支出强度资本支出/营收 | 15.1% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.25× | 0.83× |
| 过去12个月自由现金流最近4个季度 | $7.2B | $2.6B |
8季度趋势，按日历期对齐
经营现金流MCDMDLZ
| Q1 26 | — | $467.0M | ||
| Q4 25 | $2.7B | $2.4B | ||
| Q3 25 | $3.4B | $717.0M | ||
| Q2 25 | $2.0B | $308.0M | ||
| Q1 25 | $2.4B | $1.1B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $1.7B | $822.0M |
自由现金流MCDMDLZ
| Q1 26 | — | $155.0M | ||
| Q4 25 | $1.6B | $2.0B | ||
| Q3 25 | $2.4B | $418.0M | ||
| Q2 25 | $1.3B | $3.0M | ||
| Q1 25 | $1.9B | $815.0M | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.9B | $989.0M | ||
| Q2 24 | $1.1B | $455.0M |
自由现金流率MCDMDLZ
| Q1 26 | — | 1.5% | ||
| Q4 25 | 23.4% | 19.0% | ||
| Q3 25 | 34.1% | 4.3% | ||
| Q2 25 | 18.3% | 0.0% | ||
| Q1 25 | 31.5% | 8.8% | ||
| Q4 24 | 28.6% | 11.0% | ||
| Q3 24 | 28.3% | 10.7% | ||
| Q2 24 | 16.3% | 5.5% |
资本支出强度MCDMDLZ
| Q1 26 | — | 3.1% | ||
| Q4 25 | 15.1% | 3.8% | ||
| Q3 25 | 14.3% | 3.1% | ||
| Q2 25 | 10.9% | 3.4% | ||
| Q1 25 | 9.3% | 3.0% | ||
| Q4 24 | 12.6% | 4.2% | ||
| Q3 24 | 11.6% | 3.4% | ||
| Q2 24 | 9.7% | 4.4% |
现金转化率MCDMDLZ
| Q1 26 | — | 0.83× | ||
| Q4 25 | 1.25× | 3.60× | ||
| Q3 25 | 1.50× | 0.97× | ||
| Q2 25 | 0.89× | 0.48× | ||
| Q1 25 | 1.30× | 2.72× | ||
| Q4 24 | 1.30× | 0.84× | ||
| Q3 24 | 1.21× | 1.53× | ||
| Q2 24 | 0.84× | 1.37× |
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
MCD
| International Operated Markets | $3.6B | 51% |
| Other | $2.8B | 40% |
| International Developmental Licensed Marketsand Corporate | $633.0M | 9% |
MDLZ
暂无分部数据
