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麦当劳（MCD）与United Rentals（URI）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United Rentals的1.6倍（$6.5B vs $4.0B），麦当劳净利率更高（30.4% vs 13.3%，领先17.1%），麦当劳同比增速更快（9.4% vs 7.2%），过去两年United Rentals的营收复合增速更高（114.0% 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。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
MCD vs URI — 直观对比
营收规模更大
MCD
是对方的1.6倍
$4.0B
营收增速更快
MCD
高出2.3%
7.2%
净利率更高
MCD
高出17.1%
13.3%
两年增速更快
URI
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $4.0B |
| 净利润 | $2.0B | $531.0M |
| 毛利率 | — | 36.9% |
| 营业利润率 | 0.1% | 21.8% |
| 净利率 | 30.4% | 13.3% |
| 营收同比 | 9.4% | 7.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $2.00 | $8.43 |
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MCDURI
| Q1 26 | $6.5B | $4.0B | ||
| Q4 25 | $7.0B | $992.0M | ||
| Q3 25 | $7.1B | $938.0M | ||
| Q2 25 | $6.8B | $872.0M | ||
| Q1 25 | $6.0B | $893.0M | ||
| Q4 24 | $6.4B | $1.0B | ||
| Q3 24 | $6.9B | $874.0M | ||
| Q2 24 | $6.5B | $870.0M |
净利润MCDURI
| Q1 26 | $2.0B | $531.0M | ||
| Q4 25 | $2.2B | $653.0M | ||
| Q3 25 | $2.3B | $701.0M | ||
| Q2 25 | $2.3B | $622.0M | ||
| Q1 25 | $1.9B | $518.0M | ||
| Q4 24 | $2.0B | $689.0M | ||
| Q3 24 | $2.3B | $708.0M | ||
| Q2 24 | $2.0B | $636.0M |
毛利率MCDURI
| Q1 26 | — | 36.9% | ||
| 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MCDURI
| Q1 26 | 0.1% | 21.8% | ||
| Q4 25 | 45.0% | — | ||
| Q3 25 | 47.4% | — | ||
| Q2 25 | 47.2% | — | ||
| Q1 25 | 44.5% | 90.0% | ||
| Q4 24 | 44.9% | — | ||
| Q3 24 | 46.4% | — | ||
| Q2 24 | 45.0% | — |
净利率MCDURI
| Q1 26 | 30.4% | 13.3% | ||
| Q4 25 | 30.9% | 65.8% | ||
| Q3 25 | 32.2% | 74.7% | ||
| Q2 25 | 32.9% | 71.3% | ||
| Q1 25 | 31.4% | 58.0% | ||
| Q4 24 | 31.6% | 67.6% | ||
| Q3 24 | 32.8% | 81.0% | ||
| Q2 24 | 31.2% | 73.1% |
每股收益（稀释后）MCDURI
| Q1 26 | $2.00 | $8.43 | ||
| Q4 25 | $3.03 | $10.20 | ||
| Q3 25 | $3.18 | $10.91 | ||
| Q2 25 | $3.14 | $9.59 | ||
| Q1 25 | $2.60 | $7.91 | ||
| Q4 24 | $2.80 | $10.41 | ||
| Q3 24 | $3.13 | $10.70 | ||
| Q2 24 | $2.80 | $9.54 |
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 | — | $156.0M |
| 总债务越低越好 | — | $13.9B |
| 股东权益账面价值 | — | $9.0B |
| 总资产 | — | $29.9B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资MCDURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | $774.0M | $459.0M | ||
| Q3 25 | $2.4B | $512.0M | ||
| Q2 25 | $1.9B | $548.0M | ||
| Q1 25 | $1.2B | $542.0M | ||
| Q4 24 | $1.1B | $457.0M | ||
| Q3 24 | $1.2B | $479.0M | ||
| Q2 24 | $792.0M | $467.0M |
总债务MCDURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | $40.0B | $12.7B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $11.5B | ||
| Q4 24 | $38.4B | $12.2B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $11.5B |
股东权益MCDURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | $-1.8B | $9.0B | ||
| Q3 25 | $-2.2B | $9.0B | ||
| Q2 25 | $-2.8B | $9.0B | ||
| Q1 25 | $-3.5B | $8.8B | ||
| Q4 24 | $-3.8B | $8.6B | ||
| Q3 24 | $-5.2B | $8.6B | ||
| Q2 24 | $-4.8B | $8.3B |
总资产MCDURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | $59.5B | $29.9B | ||
| Q3 25 | $60.6B | $30.1B | ||
| Q2 25 | $59.6B | $29.2B | ||
| Q1 25 | $56.3B | $28.1B | ||
| Q4 24 | $55.2B | $28.2B | ||
| Q3 24 | $56.2B | $28.4B | ||
| Q2 24 | $53.8B | $27.6B |
负债/权益比MCDURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.34× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | — | 1.42× | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | — | 1.39× |
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 | — | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $1.1B |
| 自由现金流率自由现金流/营收 | — | 26.4% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 2.85× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MCDURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $2.7B | $1.3B | ||
| Q3 25 | $3.4B | $1.2B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.6B | $1.0B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $1.7B | $1.3B |
自由现金流MCDURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | $471.0M | ||
| Q3 24 | $1.9B | $-168.0M | ||
| Q2 24 | $1.1B | $-263.0M |
自由现金流率MCDURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | 23.4% | — | ||
| Q3 25 | 34.1% | — | ||
| Q2 25 | 18.3% | — | ||
| Q1 25 | 31.5% | — | ||
| Q4 24 | 28.6% | 46.2% | ||
| Q3 24 | 28.3% | -19.2% | ||
| Q2 24 | 16.3% | -30.2% |
资本支出强度MCDURI
| Q1 26 | — | — | ||
| Q4 25 | 15.1% | — | ||
| Q3 25 | 14.3% | — | ||
| Q2 25 | 10.9% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 12.6% | 56.6% | ||
| Q3 24 | 11.6% | 157.0% | ||
| Q2 24 | 9.7% | 175.6% |
现金转化率MCDURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 1.25× | 1.92× | ||
| Q3 25 | 1.50× | 1.68× | ||
| Q2 25 | 0.89× | 2.14× | ||
| Q1 25 | 1.30× | 2.75× | ||
| Q4 24 | 1.30× | 1.52× | ||
| Q3 24 | 1.21× | 1.70× | ||
| Q2 24 | 0.84× | 1.99× |
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% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
