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MIDDLEBY Corp（MIDD）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是MIDDLEBY Corp的1.9倍（$1.6B vs $866.4M），Toast, Inc.净利率更高（6.2% vs 4.3%，领先1.9%），Toast, Inc.同比增速更快（22.0% vs -30.6%），Toast, Inc.自由现金流更多（$178.0M vs $165.5M），过去两年Toast, Inc.的营收复合增速更高（23.3% vs -3.3%）
美国Middleby公司是总部位于伊利诺伊州埃尔金的上市企业，主营商用烹饪设备、工业加工设备及民用家电，其商用烹饪设备业务覆盖美国及全球前100家餐饮连锁品牌中的97家，是全球餐饮设备领域的领先供应商。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
MIDD vs TOST — 直观对比
营收规模更大
TOST
是对方的1.9倍
$866.4M
营收增速更快
TOST
高出52.6%
-30.6%
净利率更高
TOST
高出1.9%
4.3%
自由现金流更多
TOST
多$12.5M
$165.5M
两年增速更快
TOST
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.4M | $1.6B |
| 净利润 | $36.9M | $101.0M |
| 毛利率 | 38.8% | 25.9% |
| 营业利润率 | 17.3% | 5.2% |
| 净利率 | 4.3% | 6.2% |
| 营收同比 | -30.6% | 22.0% |
| 净利润同比 | -67.1% | 215.6% |
| 每股收益（稀释后） | $0.74 | $0.18 |
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MIDDTOST
| Q4 25 | $866.4M | $1.6B | ||
| Q3 25 | $982.1M | $1.6B | ||
| Q2 25 | $977.9M | $1.6B | ||
| Q1 25 | $906.6M | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $942.8M | $1.3B | ||
| Q2 24 | $991.5M | $1.2B | ||
| Q1 24 | $926.9M | $1.1B |
净利润MIDDTOST
| Q4 25 | $36.9M | $101.0M | ||
| Q3 25 | $-513.0M | $105.0M | ||
| Q2 25 | $106.0M | $80.0M | ||
| Q1 25 | $92.4M | $56.0M | ||
| Q4 24 | $112.3M | $32.0M | ||
| Q3 24 | $114.2M | $56.0M | ||
| Q2 24 | $115.4M | $14.0M | ||
| Q1 24 | $86.6M | $-83.0M |
毛利率MIDDTOST
| Q4 25 | 38.8% | 25.9% | ||
| Q3 25 | 36.8% | 26.5% | ||
| Q2 25 | 38.0% | 25.3% | ||
| Q1 25 | 38.2% | 25.9% | ||
| Q4 24 | 38.4% | 24.9% | ||
| Q3 24 | 37.7% | 24.7% | ||
| Q2 24 | 38.3% | 23.0% | ||
| Q1 24 | 37.4% | 23.2% |
营业利润率MIDDTOST
| Q4 25 | 17.3% | 5.2% | ||
| Q3 25 | -56.4% | 5.1% | ||
| Q2 25 | 15.9% | 5.2% | ||
| Q1 25 | 15.5% | 3.2% | ||
| Q4 24 | 16.8% | 2.5% | ||
| Q3 24 | 18.4% | 2.6% | ||
| Q2 24 | 17.7% | 0.4% | ||
| Q1 24 | 14.8% | -5.2% |
净利率MIDDTOST
| Q4 25 | 4.3% | 6.2% | ||
| Q3 25 | -52.2% | 6.4% | ||
| Q2 25 | 10.8% | 5.2% | ||
| Q1 25 | 10.2% | 4.2% | ||
| Q4 24 | 11.1% | 2.4% | ||
| Q3 24 | 12.1% | 4.3% | ||
| Q2 24 | 11.6% | 1.1% | ||
| Q1 24 | 9.3% | -7.7% |
每股收益（稀释后）MIDDTOST
| Q4 25 | $0.74 | $0.18 | ||
| Q3 25 | $-10.15 | $0.16 | ||
| Q2 25 | $1.99 | $0.13 | ||
| Q1 25 | $1.69 | $0.09 | ||
| Q4 24 | $2.07 | $0.09 | ||
| Q3 24 | $2.11 | $0.07 | ||
| Q2 24 | $2.13 | $0.02 | ||
| Q1 24 | $1.59 | $-0.15 |
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 | $222.2M | $1.4B |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.8B | $2.1B |
| 总资产 | $6.3B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.78× | — |
8季度趋势，按日历期对齐
现金及短期投资MIDDTOST
| Q4 25 | $222.2M | $1.4B | ||
| Q3 25 | $175.1M | $1.4B | ||
| Q2 25 | $511.5M | $1.2B | ||
| Q1 25 | $745.1M | $1.0B | ||
| Q4 24 | $689.5M | $903.0M | ||
| Q3 24 | $606.0M | $761.0M | ||
| Q2 24 | $459.5M | $691.0M | ||
| Q1 24 | $341.0M | $578.0M |
总债务MIDDTOST
| Q4 25 | $2.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MIDDTOST
| Q4 25 | $2.8B | $2.1B | ||
| Q3 25 | $2.9B | $2.0B | ||
| Q2 25 | $3.6B | $1.8B | ||
| Q1 25 | $3.7B | $1.7B | ||
| Q4 24 | $3.6B | $1.5B | ||
| Q3 24 | $3.6B | $1.4B | ||
| Q2 24 | $3.4B | $1.3B | ||
| Q1 24 | $3.3B | $1.2B |
总资产MIDDTOST
| Q4 25 | $6.3B | $3.1B | ||
| Q3 25 | $6.4B | $3.0B | ||
| Q2 25 | $7.3B | $2.8B | ||
| Q1 25 | $7.4B | $2.6B | ||
| Q4 24 | $7.3B | $2.4B | ||
| Q3 24 | $7.2B | $2.2B | ||
| Q2 24 | $7.0B | $2.2B | ||
| Q1 24 | $6.9B | $2.1B |
负债/权益比MIDDTOST
| Q4 25 | 0.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | — | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $178.0M |
| 自由现金流率自由现金流/营收 | 19.1% | 10.9% |
| 资本支出强度资本支出/营收 | 1.5% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.92× |
| 过去12个月自由现金流最近4个季度 | $530.1M | $608.0M |
8季度趋势，按日历期对齐
经营现金流MIDDTOST
| Q4 25 | — | $194.0M | ||
| Q3 25 | $176.3M | $165.0M | ||
| Q2 25 | $122.0M | $223.0M | ||
| Q1 25 | $141.1M | $79.0M | ||
| Q4 24 | $239.7M | $147.0M | ||
| Q3 24 | $156.7M | $109.0M | ||
| Q2 24 | $149.5M | $124.0M | ||
| Q1 24 | $140.9M | $-20.0M |
自由现金流MIDDTOST
| Q4 25 | $165.5M | $178.0M | ||
| Q3 25 | $156.1M | $153.0M | ||
| Q2 25 | $101.1M | $208.0M | ||
| Q1 25 | $107.4M | $69.0M | ||
| Q4 24 | $226.6M | $134.0M | ||
| Q3 24 | $145.2M | $97.0M | ||
| Q2 24 | $138.6M | $108.0M | ||
| Q1 24 | $127.2M | $-33.0M |
自由现金流率MIDDTOST
| Q4 25 | 19.1% | 10.9% | ||
| Q3 25 | 15.9% | 9.4% | ||
| Q2 25 | 10.3% | 13.4% | ||
| Q1 25 | 11.8% | 5.2% | ||
| Q4 24 | 22.3% | 10.0% | ||
| Q3 24 | 15.4% | 7.4% | ||
| Q2 24 | 14.0% | 8.7% | ||
| Q1 24 | 13.7% | -3.1% |
资本支出强度MIDDTOST
| Q4 25 | 1.5% | 1.0% | ||
| Q3 25 | 2.1% | 0.7% | ||
| Q2 25 | 2.1% | 1.0% | ||
| Q1 25 | 3.7% | 0.7% | ||
| Q4 24 | 1.3% | 1.0% | ||
| Q3 24 | 1.2% | 0.9% | ||
| Q2 24 | 1.1% | 1.3% | ||
| Q1 24 | 1.5% | 1.2% |
现金转化率MIDDTOST
| Q4 25 | — | 1.92× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | 1.15× | 2.79× | ||
| Q1 25 | 1.53× | 1.41× | ||
| Q4 24 | 2.13× | 4.59× | ||
| Q3 24 | 1.37× | 1.95× | ||
| Q2 24 | 1.30× | 8.86× | ||
| Q1 24 | 1.63× | — |
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
MIDD
暂无分部数据
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
