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麦当劳（MCD）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
麦当劳的季度营收约是PILGRIMS PRIDE CORP的1.6倍（$7.0B vs $4.5B），麦当劳净利率更高（30.9% vs 1.9%，领先28.9%），麦当劳同比增速更快（9.7% vs 3.3%），麦当劳自由现金流更多（$1.6B vs $10.0M），过去两年麦当劳的营收复合增速更高（6.6% vs 1.8%）
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。
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。
MCD vs PPC — 直观对比
营收规模更大
MCD
是对方的1.6倍
$4.5B
营收增速更快
MCD
高出6.4%
3.3%
净利率更高
MCD
高出28.9%
1.9%
自由现金流更多
MCD
多$1.6B
$10.0M
两年增速更快
MCD
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.0B | $4.5B |
| 净利润 | $2.2B | $88.0M |
| 毛利率 | — | 9.5% |
| 营业利润率 | 45.0% | 4.5% |
| 净利率 | 30.9% | 1.9% |
| 营收同比 | 9.7% | 3.3% |
| 净利润同比 | 7.3% | -62.7% |
| 每股收益（稀释后） | $3.03 | $0.37 |
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MCDPPC
| Q4 25 | $7.0B | $4.5B | ||
| Q3 25 | $7.1B | $4.8B | ||
| Q2 25 | $6.8B | $4.8B | ||
| Q1 25 | $6.0B | $4.5B | ||
| Q4 24 | $6.4B | $4.4B | ||
| Q3 24 | $6.9B | $4.6B | ||
| Q2 24 | $6.5B | $4.6B | ||
| Q1 24 | $6.2B | $4.4B |
净利润MCDPPC
| Q4 25 | $2.2B | $88.0M | ||
| Q3 25 | $2.3B | $342.8M | ||
| Q2 25 | $2.3B | $355.5M | ||
| Q1 25 | $1.9B | $296.0M | ||
| Q4 24 | $2.0B | $235.9M | ||
| Q3 24 | $2.3B | $349.9M | ||
| Q2 24 | $2.0B | $326.3M | ||
| Q1 24 | $1.9B | $174.4M |
毛利率MCDPPC
| Q4 25 | — | 9.5% | ||
| Q3 25 | 90.6% | 13.9% | ||
| Q2 25 | 90.4% | 15.0% | ||
| Q1 25 | 89.6% | 12.4% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | 90.6% | 14.9% | ||
| Q2 24 | 90.3% | 15.2% | ||
| Q1 24 | 89.8% | 8.8% |
营业利润率MCDPPC
| Q4 25 | 45.0% | 4.5% | ||
| Q3 25 | 47.4% | 10.4% | ||
| Q2 25 | 47.2% | 10.8% | ||
| Q1 25 | 44.5% | 9.1% | ||
| Q4 24 | 44.9% | 7.0% | ||
| Q3 24 | 46.4% | 11.1% | ||
| Q2 24 | 45.0% | 9.7% | ||
| Q1 24 | 44.4% | 5.7% |
净利率MCDPPC
| Q4 25 | 30.9% | 1.9% | ||
| Q3 25 | 32.2% | 7.2% | ||
| Q2 25 | 32.9% | 7.5% | ||
| Q1 25 | 31.4% | 6.6% | ||
| Q4 24 | 31.6% | 5.4% | ||
| Q3 24 | 32.8% | 7.6% | ||
| Q2 24 | 31.2% | 7.2% | ||
| Q1 24 | 31.3% | 4.0% |
每股收益（稀释后）MCDPPC
| Q4 25 | $3.03 | $0.37 | ||
| Q3 25 | $3.18 | $1.44 | ||
| Q2 25 | $3.14 | $1.49 | ||
| Q1 25 | $2.60 | $1.24 | ||
| Q4 24 | $2.80 | $1.00 | ||
| Q3 24 | $3.13 | $1.47 | ||
| Q2 24 | $2.80 | $1.37 | ||
| Q1 24 | $2.66 | $0.73 |
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 | $640.2M |
| 总债务越低越好 | $40.0B | $3.1B |
| 股东权益账面价值 | $-1.8B | $3.7B |
| 总资产 | $59.5B | $10.3B |
| 负债/权益比越低杠杆越低 | — | 0.84× |
8季度趋势，按日历期对齐
现金及短期投资MCDPPC
| Q4 25 | $774.0M | $640.2M | ||
| Q3 25 | $2.4B | $612.6M | ||
| Q2 25 | $1.9B | $849.0M | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $792.0M | $1.3B | ||
| Q1 24 | $838.0M | $870.8M |
总债务MCDPPC
| Q4 25 | $40.0B | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $38.4B | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.3B |
股东权益MCDPPC
| Q4 25 | $-1.8B | $3.7B | ||
| Q3 25 | $-2.2B | $3.5B | ||
| Q2 25 | $-2.8B | $3.7B | ||
| Q1 25 | $-3.5B | $3.1B | ||
| Q4 24 | $-3.8B | $4.2B | ||
| Q3 24 | $-5.2B | $4.2B | ||
| Q2 24 | $-4.8B | $3.7B | ||
| Q1 24 | $-4.8B | $3.5B |
总资产MCDPPC
| Q4 25 | $59.5B | $10.3B | ||
| Q3 25 | $60.6B | $10.0B | ||
| Q2 25 | $59.6B | $10.1B | ||
| Q1 25 | $56.3B | $11.0B | ||
| Q4 24 | $55.2B | $10.7B | ||
| Q3 24 | $56.2B | $10.7B | ||
| Q2 24 | $53.8B | $10.1B | ||
| Q1 24 | $53.5B | $9.8B |
负债/权益比MCDPPC
| 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× | ||
| Q1 24 | — | 0.96× |
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 | $291.2M |
| 自由现金流经营现金流 - 资本支出 | $1.6B | $10.0M |
| 自由现金流率自由现金流/营收 | 23.4% | 0.2% |
| 资本支出强度资本支出/营收 | 15.1% | 6.2% |
| 现金转化率经营现金流/净利润 | 1.25× | 3.31× |
| 过去12个月自由现金流最近4个季度 | $7.2B | $653.1M |
8季度趋势，按日历期对齐
经营现金流MCDPPC
| Q4 25 | $2.7B | $291.2M | ||
| Q3 25 | $3.4B | $458.3M | ||
| Q2 25 | $2.0B | $495.2M | ||
| Q1 25 | $2.4B | $126.9M | ||
| Q4 24 | $2.6B | $349.3M | ||
| Q3 24 | $2.7B | $651.1M | ||
| Q2 24 | $1.7B | $718.6M | ||
| Q1 24 | $2.4B | $271.0M |
自由现金流MCDPPC
| Q4 25 | $1.6B | $10.0M | ||
| Q3 25 | $2.4B | $275.9M | ||
| Q2 25 | $1.3B | $339.1M | ||
| Q1 25 | $1.9B | $28.1M | ||
| Q4 24 | $1.8B | $176.6M | ||
| Q3 24 | $1.9B | $565.3M | ||
| Q2 24 | $1.1B | $617.7M | ||
| Q1 24 | $1.8B | $171.9M |
自由现金流率MCDPPC
| Q4 25 | 23.4% | 0.2% | ||
| Q3 25 | 34.1% | 5.8% | ||
| Q2 25 | 18.3% | 7.1% | ||
| Q1 25 | 31.5% | 0.6% | ||
| Q4 24 | 28.6% | 4.0% | ||
| Q3 24 | 28.3% | 12.3% | ||
| Q2 24 | 16.3% | 13.5% | ||
| Q1 24 | 29.9% | 3.9% |
资本支出强度MCDPPC
| Q4 25 | 15.1% | 6.2% | ||
| Q3 25 | 14.3% | 3.8% | ||
| Q2 25 | 10.9% | 3.3% | ||
| Q1 25 | 9.3% | 2.2% | ||
| Q4 24 | 12.6% | 4.0% | ||
| Q3 24 | 11.6% | 1.9% | ||
| Q2 24 | 9.7% | 2.2% | ||
| Q1 24 | 8.9% | 2.3% |
现金转化率MCDPPC
| Q4 25 | 1.25× | 3.31× | ||
| Q3 25 | 1.50× | 1.34× | ||
| Q2 25 | 0.89× | 1.39× | ||
| Q1 25 | 1.30× | 0.43× | ||
| Q4 24 | 1.30× | 1.48× | ||
| Q3 24 | 1.21× | 1.86× | ||
| Q2 24 | 0.84× | 2.20× | ||
| Q1 24 | 1.24× | 1.55× |
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% |
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
