vs
麦当劳（MCD）与Raymond James Financial（RJF）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Raymond James Financial的1.8倍（$7.0B vs $3.9B），麦当劳净利率更高（30.9% vs 14.1%，领先16.8%），Raymond James Financial同比增速更快（13.0% vs 9.7%），过去两年麦当劳的营收复合增速更高（6.6% vs 1.3%）
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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
MCD vs RJF — 直观对比
营收规模更大
MCD
是对方的1.8倍
$3.9B
营收增速更快
RJF
高出3.3%
9.7%
净利率更高
MCD
高出16.8%
14.1%
两年增速更快
MCD
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.0B | $3.9B |
| 净利润 | $2.2B | $544.0M |
| 毛利率 | — | — |
| 营业利润率 | 45.0% | — |
| 净利率 | 30.9% | 14.1% |
| 营收同比 | 9.7% | 13.0% |
| 净利润同比 | 7.3% | 10.0% |
| 每股收益（稀释后） | $3.03 | $2.83 |
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MCDRJF
| Q1 26 | — | $3.9B | ||
| Q4 25 | $7.0B | $4.2B | ||
| Q3 25 | $7.1B | $4.2B | ||
| Q2 25 | $6.8B | $3.8B | ||
| Q1 25 | $6.0B | $3.8B | ||
| Q4 24 | $6.4B | $4.0B | ||
| Q3 24 | $6.9B | $4.0B | ||
| Q2 24 | $6.5B | $3.8B |
净利润MCDRJF
| Q1 26 | — | $544.0M | ||
| Q4 25 | $2.2B | $563.0M | ||
| Q3 25 | $2.3B | $604.0M | ||
| Q2 25 | $2.3B | $436.0M | ||
| Q1 25 | $1.9B | $495.0M | ||
| Q4 24 | $2.0B | $600.0M | ||
| Q3 24 | $2.3B | $602.0M | ||
| Q2 24 | $2.0B | $492.0M |
毛利率MCDRJF
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 90.6% | — | ||
| Q2 25 | 90.4% | — | ||
| Q1 25 | 89.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 90.6% | — | ||
| Q2 24 | 90.3% | — |
营业利润率MCDRJF
| Q1 26 | — | — | ||
| Q4 25 | 45.0% | — | ||
| Q3 25 | 47.4% | — | ||
| Q2 25 | 47.2% | 14.7% | ||
| Q1 25 | 44.5% | 17.5% | ||
| Q4 24 | 44.9% | 18.6% | ||
| Q3 24 | 46.4% | — | ||
| Q2 24 | 45.0% | 17.1% |
净利率MCDRJF
| Q1 26 | — | 14.1% | ||
| Q4 25 | 30.9% | 13.5% | ||
| Q3 25 | 32.2% | 14.4% | ||
| Q2 25 | 32.9% | 11.3% | ||
| Q1 25 | 31.4% | 12.9% | ||
| Q4 24 | 31.6% | 14.9% | ||
| Q3 24 | 32.8% | 15.0% | ||
| Q2 24 | 31.2% | 13.1% |
每股收益（稀释后）MCDRJF
| Q1 26 | — | $2.83 | ||
| Q4 25 | $3.03 | $2.79 | ||
| Q3 25 | $3.18 | $2.96 | ||
| Q2 25 | $3.14 | $2.12 | ||
| Q1 25 | $2.60 | $2.36 | ||
| Q4 24 | $2.80 | $2.86 | ||
| Q3 24 | $3.13 | $2.85 | ||
| Q2 24 | $2.80 | $2.31 |
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 | $5.4B |
| 总债务越低越好 | $40.0B | — |
| 股东权益账面价值 | $-1.8B | $52.0M |
| 总资产 | $59.5B | $91.9B |
| 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MCDRJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | $774.0M | $9.9B | ||
| Q3 25 | $2.4B | $11.4B | ||
| Q2 25 | $1.9B | $9.2B | ||
| Q1 25 | $1.2B | $9.7B | ||
| Q4 24 | $1.1B | $10.0B | ||
| Q3 24 | $1.2B | $11.0B | ||
| Q2 24 | $792.0M | $9.1B |
总债务MCDRJF
| Q1 26 | — | — | ||
| Q4 25 | $40.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $38.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MCDRJF
| Q1 26 | — | $52.0M | ||
| Q4 25 | $-1.8B | $12.6B | ||
| Q3 25 | $-2.2B | $12.5B | ||
| Q2 25 | $-2.8B | $12.3B | ||
| Q1 25 | $-3.5B | $12.2B | ||
| Q4 24 | $-3.8B | $11.9B | ||
| Q3 24 | $-5.2B | $11.7B | ||
| Q2 24 | $-4.8B | $11.2B |
总资产MCDRJF
| Q1 26 | — | $91.9B | ||
| Q4 25 | $59.5B | $88.8B | ||
| Q3 25 | $60.6B | $88.2B | ||
| Q2 25 | $59.6B | $84.8B | ||
| Q1 25 | $56.3B | $83.1B | ||
| Q4 24 | $55.2B | $82.3B | ||
| Q3 24 | $56.2B | $83.0B | ||
| Q2 24 | $53.8B | $80.6B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.6B | — |
| 自由现金流率自由现金流/营收 | 23.4% | — |
| 资本支出强度资本支出/营收 | 15.1% | — |
| 现金转化率经营现金流/净利润 | 1.25× | — |
| 过去12个月自由现金流最近4个季度 | $7.2B | — |
8季度趋势，按日历期对齐
经营现金流MCDRJF
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $-10.0M | ||
| Q3 25 | $3.4B | $796.0M | ||
| Q2 25 | $2.0B | $691.0M | ||
| Q1 25 | $2.4B | $117.0M | ||
| Q4 24 | $2.6B | $830.0M | ||
| Q3 24 | $2.7B | $510.0M | ||
| Q2 24 | $1.7B | $711.0M |
自由现金流MCDRJF
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $-56.0M | ||
| Q3 25 | $2.4B | $752.0M | ||
| Q2 25 | $1.3B | $634.0M | ||
| Q1 25 | $1.9B | $71.0M | ||
| Q4 24 | $1.8B | $789.0M | ||
| Q3 24 | $1.9B | $460.0M | ||
| Q2 24 | $1.1B | $655.0M |
自由现金流率MCDRJF
| Q1 26 | — | — | ||
| Q4 25 | 23.4% | -1.3% | ||
| Q3 25 | 34.1% | 17.9% | ||
| Q2 25 | 18.3% | 16.5% | ||
| Q1 25 | 31.5% | 1.8% | ||
| Q4 24 | 28.6% | 19.6% | ||
| Q3 24 | 28.3% | 11.5% | ||
| Q2 24 | 16.3% | 17.4% |
资本支出强度MCDRJF
| Q1 26 | — | — | ||
| Q4 25 | 15.1% | 1.1% | ||
| Q3 25 | 14.3% | 1.1% | ||
| Q2 25 | 10.9% | 1.5% | ||
| Q1 25 | 9.3% | 1.2% | ||
| Q4 24 | 12.6% | 1.0% | ||
| Q3 24 | 11.6% | 1.2% | ||
| Q2 24 | 9.7% | 1.5% |
现金转化率MCDRJF
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | -0.02× | ||
| Q3 25 | 1.50× | 1.32× | ||
| Q2 25 | 0.89× | 1.58× | ||
| Q1 25 | 1.30× | 0.24× | ||
| Q4 24 | 1.30× | 1.38× | ||
| Q3 24 | 1.21× | 0.85× | ||
| Q2 24 | 0.84× | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
