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麦当劳（MCD）与史丹利百得（SWK）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史丹利百得的1.9倍（$7.0B vs $3.8B），麦当劳净利率更高（30.9% vs 1.4%，领先29.5%），麦当劳同比增速更快（9.7% vs 0.1%），麦当劳自由现金流更多（$1.6B vs $155.3M），过去两年麦当劳的营收复合增速更高（6.6% vs 0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
MCD vs SWK — 直观对比
营收规模更大
MCD
是对方的1.9倍
$3.8B
营收增速更快
MCD
高出9.6%
0.1%
净利率更高
MCD
高出29.5%
1.4%
自由现金流更多
MCD
多$1.5B
$155.3M
两年增速更快
MCD
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.0B | $3.8B |
| 净利润 | $2.2B | $51.4M |
| 毛利率 | — | 31.4% |
| 营业利润率 | 45.0% | — |
| 净利率 | 30.9% | 1.4% |
| 营收同比 | 9.7% | 0.1% |
| 净利润同比 | 7.3% | -43.6% |
| 每股收益（稀释后） | $3.03 | $0.34 |
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MCDSWK
| Q4 25 | $7.0B | — | ||
| Q3 25 | $7.1B | $3.8B | ||
| Q2 25 | $6.8B | $3.9B | ||
| Q1 25 | $6.0B | $3.7B | ||
| Q4 24 | $6.4B | $3.7B | ||
| Q3 24 | $6.9B | $3.8B | ||
| Q2 24 | $6.5B | $4.0B | ||
| Q1 24 | $6.2B | $3.9B |
净利润MCDSWK
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.3B | $51.4M | ||
| Q2 25 | $2.3B | $101.9M | ||
| Q1 25 | $1.9B | $90.4M | ||
| Q4 24 | $2.0B | $194.9M | ||
| Q3 24 | $2.3B | $91.1M | ||
| Q2 24 | $2.0B | $-11.2M | ||
| Q1 24 | $1.9B | $19.5M |
毛利率MCDSWK
| Q4 25 | — | — | ||
| Q3 25 | 90.6% | 31.4% | ||
| Q2 25 | 90.4% | 27.0% | ||
| Q1 25 | 89.6% | 29.9% | ||
| Q4 24 | — | 30.8% | ||
| Q3 24 | 90.6% | 29.9% | ||
| Q2 24 | 90.3% | 28.4% | ||
| Q1 24 | 89.8% | 28.6% |
营业利润率MCDSWK
| Q4 25 | 45.0% | — | ||
| Q3 25 | 47.4% | — | ||
| Q2 25 | 47.2% | — | ||
| Q1 25 | 44.5% | — | ||
| Q4 24 | 44.9% | 3.4% | ||
| Q3 24 | 46.4% | 10.6% | ||
| Q2 24 | 45.0% | 9.5% | ||
| Q1 24 | 44.4% | 8.3% |
净利率MCDSWK
| Q4 25 | 30.9% | — | ||
| Q3 25 | 32.2% | 1.4% | ||
| Q2 25 | 32.9% | 2.6% | ||
| Q1 25 | 31.4% | 2.4% | ||
| Q4 24 | 31.6% | 5.2% | ||
| Q3 24 | 32.8% | 2.4% | ||
| Q2 24 | 31.2% | -0.3% | ||
| Q1 24 | 31.3% | 0.5% |
每股收益（稀释后）MCDSWK
| Q4 25 | $3.03 | — | ||
| Q3 25 | $3.18 | $0.34 | ||
| Q2 25 | $3.14 | $0.67 | ||
| Q1 25 | $2.60 | $0.60 | ||
| Q4 24 | $2.80 | $1.29 | ||
| Q3 24 | $3.13 | $0.60 | ||
| Q2 24 | $2.80 | $-0.07 | ||
| Q1 24 | $2.66 | $0.13 |
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 | $268.3M |
| 总债务越低越好 | $40.0B | $5.3B |
| 股东权益账面价值 | $-1.8B | $9.0B |
| 总资产 | $59.5B | $21.8B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资MCDSWK
| Q4 25 | $774.0M | — | ||
| Q3 25 | $2.4B | $268.3M | ||
| Q2 25 | $1.9B | $311.8M | ||
| Q1 25 | $1.2B | $344.8M | ||
| Q4 24 | $1.1B | $290.5M | ||
| Q3 24 | $1.2B | $298.7M | ||
| Q2 24 | $792.0M | $318.5M | ||
| Q1 24 | $838.0M | $476.6M |
总债务MCDSWK
| Q4 25 | $40.0B | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | $38.4B | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.1B |
股东权益MCDSWK
| Q4 25 | $-1.8B | — | ||
| Q3 25 | $-2.2B | $9.0B | ||
| Q2 25 | $-2.8B | $9.1B | ||
| Q1 25 | $-3.5B | $8.8B | ||
| Q4 24 | $-3.8B | $8.7B | ||
| Q3 24 | $-5.2B | $8.9B | ||
| Q2 24 | $-4.8B | $8.7B | ||
| Q1 24 | $-4.8B | $8.9B |
总资产MCDSWK
| Q4 25 | $59.5B | — | ||
| Q3 25 | $60.6B | $21.8B | ||
| Q2 25 | $59.6B | $22.5B | ||
| Q1 25 | $56.3B | $22.5B | ||
| Q4 24 | $55.2B | $21.8B | ||
| Q3 24 | $56.2B | $22.5B | ||
| Q2 24 | $53.8B | $22.5B | ||
| Q1 24 | $53.5B | $23.9B |
负债/权益比MCDSWK
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.69× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $1.6B | $155.3M |
| 自由现金流率自由现金流/营收 | 23.4% | 4.1% |
| 资本支出强度资本支出/营收 | 15.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.25× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $7.2B | $369.6M |
8季度趋势，按日历期对齐
经营现金流MCDSWK
| Q4 25 | $2.7B | — | ||
| Q3 25 | $3.4B | $221.2M | ||
| Q2 25 | $2.0B | $214.3M | ||
| Q1 25 | $2.4B | $-420.0M | ||
| Q4 24 | $2.6B | $679.1M | ||
| Q3 24 | $2.7B | $285.8M | ||
| Q2 24 | $1.7B | $573.0M | ||
| Q1 24 | $2.4B | $-431.0M |
自由现金流MCDSWK
| Q4 25 | $1.6B | — | ||
| Q3 25 | $2.4B | $155.3M | ||
| Q2 25 | $1.3B | $134.7M | ||
| Q1 25 | $1.9B | $-485.0M | ||
| Q4 24 | $1.8B | $564.6M | ||
| Q3 24 | $1.9B | $199.3M | ||
| Q2 24 | $1.1B | $485.8M | ||
| Q1 24 | $1.8B | $-496.7M |
自由现金流率MCDSWK
| Q4 25 | 23.4% | — | ||
| Q3 25 | 34.1% | 4.1% | ||
| Q2 25 | 18.3% | 3.4% | ||
| Q1 25 | 31.5% | -13.0% | ||
| Q4 24 | 28.6% | 15.2% | ||
| Q3 24 | 28.3% | 5.3% | ||
| Q2 24 | 16.3% | 12.1% | ||
| Q1 24 | 29.9% | -12.8% |
资本支出强度MCDSWK
| Q4 25 | 15.1% | — | ||
| Q3 25 | 14.3% | 1.8% | ||
| Q2 25 | 10.9% | 2.0% | ||
| Q1 25 | 9.3% | 1.7% | ||
| Q4 24 | 12.6% | 3.1% | ||
| Q3 24 | 11.6% | 2.3% | ||
| Q2 24 | 9.7% | 2.2% | ||
| Q1 24 | 8.9% | 1.7% |
现金转化率MCDSWK
| Q4 25 | 1.25× | — | ||
| Q3 25 | 1.50× | 4.30× | ||
| Q2 25 | 0.89× | 2.10× | ||
| Q1 25 | 1.30× | -4.65× | ||
| Q4 24 | 1.30× | 3.48× | ||
| Q3 24 | 1.21× | 3.14× | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 1.24× | -22.10× |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
