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国民油井华高（NOV）与百胜中国（YUMC）财务数据对比。点击上方公司名可切换其他公司
百胜中国的季度营收约是国民油井华高的1.4倍（$2.8B vs $2.1B），百胜中国净利率更高（5.0% vs 1.0%，领先4.0%），百胜中国同比增速更快（8.8% vs -9.9%），国民油井华高自由现金流更多（$51.0M vs $-116.0M），过去两年百胜中国的营收复合增速更高（-2.3% vs -3.8%）
NOV Inc.（前称国民油井华高）是总部位于美国得克萨斯州休斯顿的跨国企业，为上游油气行业提供钻探及生产作业所需的设备零部件、油田服务及供应链整合服务，在六大洲布局超500个运营点，下设能源设备、能源产品与服务两大业务板块。
百胜中国是总部位于上海的世界500强快餐企业，2016年从百胜餐饮集团分拆独立上市，获百胜餐饮集团商标授权，按全系统销售额的3%支付授权费。目前在国内1100多座城市运营超8400家餐厅，全球门店总数超10600家，年营收达95亿美元，是全球规模最大的餐饮企业之一。
NOV vs YUMC — 直观对比
营收规模更大
YUMC
是对方的1.4倍
$2.1B
营收增速更快
YUMC
高出18.7%
-9.9%
净利率更高
YUMC
高出4.0%
1.0%
自由现金流更多
NOV
多$167.0M
$-116.0M
两年增速更快
YUMC
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.8B |
| 净利润 | $20.0M | $140.0M |
| 毛利率 | 18.5% | — |
| 营业利润率 | 2.3% | 6.6% |
| 净利率 | 1.0% | 5.0% |
| 营收同比 | -9.9% | 8.8% |
| 净利润同比 | -73.0% | 21.7% |
| 每股收益（稀释后） | $0.05 | $0.40 |
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NOVYUMC
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | $2.8B | ||
| Q3 25 | $2.2B | $3.2B | ||
| Q2 25 | $2.2B | $2.8B | ||
| Q1 25 | $2.1B | $3.0B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.2B | $3.1B | ||
| Q2 24 | $2.2B | $2.7B |
净利润NOVYUMC
| Q1 26 | $20.0M | — | ||
| Q4 25 | $-78.0M | $140.0M | ||
| Q3 25 | $42.0M | $282.0M | ||
| Q2 25 | $108.0M | $215.0M | ||
| Q1 25 | $73.0M | $292.0M | ||
| Q4 24 | $160.0M | $115.0M | ||
| Q3 24 | $130.0M | $297.0M | ||
| Q2 24 | $226.0M | $212.0M |
毛利率NOVYUMC
| Q1 26 | 18.5% | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 18.9% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 26.6% | — |
营业利润率NOVYUMC
| Q1 26 | 2.3% | — | ||
| Q4 25 | 4.0% | 6.6% | ||
| Q3 25 | 4.9% | 12.5% | ||
| Q2 25 | 6.5% | 10.9% | ||
| Q1 25 | 7.2% | 13.4% | ||
| Q4 24 | 9.0% | 5.8% | ||
| Q3 24 | 8.9% | 12.1% | ||
| Q2 24 | 14.1% | 9.9% |
净利率NOVYUMC
| Q1 26 | 1.0% | — | ||
| Q4 25 | -3.4% | 5.0% | ||
| Q3 25 | 1.9% | 8.8% | ||
| Q2 25 | 4.9% | 7.7% | ||
| Q1 25 | 3.5% | 9.8% | ||
| Q4 24 | 6.9% | 4.4% | ||
| Q3 24 | 5.9% | 9.7% | ||
| Q2 24 | 10.2% | 7.9% |
每股收益（稀释后）NOVYUMC
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-0.20 | $0.40 | ||
| Q3 25 | $0.11 | $0.76 | ||
| Q2 25 | $0.29 | $0.58 | ||
| Q1 25 | $0.19 | $0.77 | ||
| Q4 24 | $0.40 | $0.30 | ||
| Q3 24 | $0.33 | $0.77 | ||
| Q2 24 | $0.57 | $0.55 |
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 | $1.3B | $1.4B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | — | $5.4B |
| 总资产 | $11.1B | $10.8B |
| 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NOVYUMC
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.1B | $2.2B | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $985.0M | $2.5B | ||
| Q2 24 | $827.0M | $2.5B |
总债务NOVYUMC
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — |
股东权益NOVYUMC
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $5.4B | ||
| Q3 25 | $6.5B | $5.7B | ||
| Q2 25 | $6.5B | $5.8B | ||
| Q1 25 | $6.4B | $5.8B | ||
| Q4 24 | $6.4B | $5.7B | ||
| Q3 24 | $6.5B | $6.0B | ||
| Q2 24 | $6.4B | $5.8B |
总资产NOVYUMC
| Q1 26 | $11.1B | — | ||
| Q4 25 | $11.3B | $10.8B | ||
| Q3 25 | $11.3B | $11.0B | ||
| Q2 25 | $11.4B | $11.0B | ||
| Q1 25 | $11.3B | $11.0B | ||
| Q4 24 | $11.4B | $11.1B | ||
| Q3 24 | $11.4B | $11.8B | ||
| Q2 24 | $11.3B | $11.6B |
负债/权益比NOVYUMC
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.27× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.27× | — |
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 | — | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $51.0M | $-116.0M |
| 自由现金流率自由现金流/营收 | 2.5% | -4.1% |
| 资本支出强度资本支出/营收 | — | 8.5% |
| 现金转化率经营现金流/净利润 | — | 0.89× |
| 过去12个月自由现金流最近4个季度 | $876.0M | $840.0M |
8季度趋势，按日历期对齐
经营现金流NOVYUMC
| Q1 26 | — | — | ||
| Q4 25 | $573.0M | $125.0M | ||
| Q3 25 | $352.0M | $477.0M | ||
| Q2 25 | $191.0M | $412.0M | ||
| Q1 25 | $135.0M | $452.0M | ||
| Q4 24 | $591.0M | $167.0M | ||
| Q3 24 | $359.0M | $409.0M | ||
| Q2 24 | $432.0M | $401.0M |
自由现金流NOVYUMC
| Q1 26 | $51.0M | — | ||
| Q4 25 | $472.0M | $-116.0M | ||
| Q3 25 | $245.0M | $351.0M | ||
| Q2 25 | $108.0M | $290.0M | ||
| Q1 25 | $51.0M | $315.0M | ||
| Q4 24 | $473.0M | $-15.0M | ||
| Q3 24 | $277.0M | $244.0M | ||
| Q2 24 | $350.0M | $232.0M |
自由现金流率NOVYUMC
| Q1 26 | 2.5% | — | ||
| Q4 25 | 20.7% | -4.1% | ||
| Q3 25 | 11.3% | 10.9% | ||
| Q2 25 | 4.9% | 10.4% | ||
| Q1 25 | 2.4% | 10.6% | ||
| Q4 24 | 20.5% | -0.6% | ||
| Q3 24 | 12.6% | 7.9% | ||
| Q2 24 | 15.8% | 8.7% |
资本支出强度NOVYUMC
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 8.5% | ||
| Q3 25 | 4.9% | 3.9% | ||
| Q2 25 | 3.8% | 4.4% | ||
| Q1 25 | 4.0% | 4.6% | ||
| Q4 24 | 5.1% | 7.0% | ||
| Q3 24 | 3.7% | 5.4% | ||
| Q2 24 | 3.7% | 6.3% |
现金转化率NOVYUMC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.89× | ||
| Q3 25 | 8.38× | 1.69× | ||
| Q2 25 | 1.77× | 1.92× | ||
| Q1 25 | 1.85× | 1.55× | ||
| Q4 24 | 3.69× | 1.45× | ||
| Q3 24 | 2.76× | 1.38× | ||
| Q2 24 | 1.91× | 1.89× |
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
NOV
| Energy Equipment | $1.2B | 58% |
| Energy Products and Services | $897.0M | 44% |
YUMC
| Revenue From External Customers | $2.1B | 75% |
| Pizza Hut | $540.0M | 19% |
| Corporate And Unallocated | $105.0M | 4% |
| Other Revenue | $45.0M | 2% |
| Franchise Fees And Income | $25.0M | 1% |
