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麦当劳（MCD）与菲利普莫里斯国际（PM）财务数据对比。点击上方公司名可切换其他公司
菲利普莫里斯国际的季度营收约是麦当劳的1.6倍（$10.1B vs $6.5B），麦当劳净利率更高（30.4% vs 24.0%，领先6.4%），麦当劳同比增速更快（9.4% vs 9.1%），过去两年菲利普莫里斯国际的营收复合增速更高（3.5% vs 0.2%）
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。
菲利普莫里斯国际是全球头部烟草企业，产品销往180余个国家和地区，旗下万宝路是全球最知名的烟草品牌，2023年第四季度加热不燃烧产品IQOS贡献了最高营收，位列2025年财富美国500强第121位。
MCD vs PM — 直观对比
营收规模更大
PM
是对方的1.6倍
$6.5B
营收增速更快
MCD
高出0.3%
9.1%
净利率更高
MCD
高出6.4%
24.0%
两年增速更快
PM
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $10.1B |
| 净利润 | $2.0B | $2.4B |
| 毛利率 | — | 68.1% |
| 营业利润率 | 0.1% | 38.4% |
| 净利率 | 30.4% | 24.0% |
| 营收同比 | 9.4% | 9.1% |
| 净利润同比 | — | -9.0% |
| 每股收益（稀释后） | $2.00 | $1.56 |
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MCDPM
| Q1 26 | $6.5B | $10.1B | ||
| Q4 25 | $7.0B | $10.4B | ||
| Q3 25 | $7.1B | $10.8B | ||
| Q2 25 | $6.8B | $10.1B | ||
| Q1 25 | $6.0B | $9.3B | ||
| Q4 24 | $6.4B | $9.7B | ||
| Q3 24 | $6.9B | $9.9B | ||
| Q2 24 | $6.5B | $9.5B |
净利润MCDPM
| Q1 26 | $2.0B | $2.4B | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.3B | $3.5B | ||
| Q2 25 | $2.3B | $3.0B | ||
| Q1 25 | $1.9B | $2.7B | ||
| Q4 24 | $2.0B | $-579.0M | ||
| Q3 24 | $2.3B | $3.1B | ||
| Q2 24 | $2.0B | $2.4B |
毛利率MCDPM
| Q1 26 | — | 68.1% | ||
| Q4 25 | — | 65.6% | ||
| Q3 25 | 90.6% | 67.8% | ||
| Q2 25 | 90.4% | 67.7% | ||
| Q1 25 | 89.6% | 67.3% | ||
| Q4 24 | — | 64.7% | ||
| Q3 24 | 90.6% | 66.0% | ||
| Q2 24 | 90.3% | 64.7% |
营业利润率MCDPM
| Q1 26 | 0.1% | 38.4% | ||
| Q4 25 | 45.0% | 32.6% | ||
| Q3 25 | 47.4% | 39.3% | ||
| Q2 25 | 47.2% | 36.6% | ||
| Q1 25 | 44.5% | 38.1% | ||
| Q4 24 | 44.9% | 33.6% | ||
| Q3 24 | 46.4% | 36.9% | ||
| Q2 24 | 45.0% | 36.4% |
净利率MCDPM
| Q1 26 | 30.4% | 24.0% | ||
| Q4 25 | 30.9% | 20.7% | ||
| Q3 25 | 32.2% | 32.1% | ||
| Q2 25 | 32.9% | 30.0% | ||
| Q1 25 | 31.4% | 28.9% | ||
| Q4 24 | 31.6% | -6.0% | ||
| Q3 24 | 32.8% | 31.1% | ||
| Q2 24 | 31.2% | 25.4% |
每股收益（稀释后）MCDPM
| Q1 26 | $2.00 | $1.56 | ||
| Q4 25 | $3.03 | $1.36 | ||
| Q3 25 | $3.18 | $2.23 | ||
| Q2 25 | $3.14 | $1.95 | ||
| Q1 25 | $2.60 | $1.72 | ||
| Q4 24 | $2.80 | $-0.37 | ||
| Q3 24 | $3.13 | $1.97 | ||
| Q2 24 | $2.80 | $1.54 |
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 | — | $5.5B |
| 总债务越低越好 | — | $49.5B |
| 股东权益账面价值 | — | — |
| 总资产 | — | $68.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MCDPM
| Q1 26 | — | $5.5B | ||
| Q4 25 | $774.0M | $4.9B | ||
| Q3 25 | $2.4B | $4.0B | ||
| Q2 25 | $1.9B | $4.1B | ||
| Q1 25 | $1.2B | $4.4B | ||
| Q4 24 | $1.1B | $4.2B | ||
| Q3 24 | $1.2B | $4.3B | ||
| Q2 24 | $792.0M | $4.8B |
总债务MCDPM
| Q1 26 | — | $49.5B | ||
| Q4 25 | $40.0B | $45.1B | ||
| Q3 25 | — | $41.9B | ||
| Q2 25 | — | $42.4B | ||
| Q1 25 | — | $38.8B | ||
| Q4 24 | $38.4B | $42.2B | ||
| Q3 24 | — | $44.2B | ||
| Q2 24 | — | $44.6B |
股东权益MCDPM
| Q1 26 | — | — | ||
| Q4 25 | $-1.8B | $-10.0B | ||
| Q3 25 | $-2.2B | $-10.9B | ||
| Q2 25 | $-2.8B | $-12.0B | ||
| Q1 25 | $-3.5B | $-10.9B | ||
| Q4 24 | $-3.8B | $-11.8B | ||
| Q3 24 | $-5.2B | $-9.7B | ||
| Q2 24 | $-4.8B | $-9.7B |
总资产MCDPM
| Q1 26 | — | $68.9B | ||
| Q4 25 | $59.5B | $69.2B | ||
| Q3 25 | $60.6B | $67.1B | ||
| Q2 25 | $59.6B | $68.5B | ||
| Q1 25 | $56.3B | $65.1B | ||
| Q4 24 | $55.2B | $61.8B | ||
| Q3 24 | $56.2B | $66.9B | ||
| Q2 24 | $53.8B | $65.8B |
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
| Other | $2.5B | 38% |
| International Operated Markets | $1.8B | 27% |
| U.S | $1.8B | 27% |
| International Developmental Licensed Markets & Corporate | $476.0M | 7% |
PM
暂无分部数据
