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新闻集团（NWSA）与Restaurant Brands International Inc.（QSR）财务数据对比。点击上方公司名可切换其他公司
Restaurant Brands International Inc.的季度营收约是新闻集团的1.0倍（$2.5B vs $2.4B），新闻集团净利率更高（8.2% vs 6.3%，领先1.9%），Restaurant Brands International Inc.同比增速更快（7.4% vs 5.5%），Restaurant Brands International Inc.自由现金流更多（$453.0M vs $132.0M），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% vs -1.3%）
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
Restaurant Brands International（简称RBI）是美加合资的跨国快餐控股企业，2014年由汉堡王与加拿大咖啡连锁品牌蒂姆·霍顿斯以125亿美元合并成立，后续先后收购Popeyes、Firehouse Subs两大品牌，现为全球第五大快餐运营商，规模仅次于赛百味、麦当劳、星巴克和百胜餐饮。
NWSA vs QSR — 直观对比
营收规模更大
QSR
是对方的1.0倍
$2.4B
营收增速更快
QSR
高出1.9%
5.5%
净利率更高
NWSA
高出1.9%
6.3%
自由现金流更多
QSR
多$321.0M
$132.0M
两年增速更快
QSR
近两年复合增速
-1.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $2.5B |
| 净利润 | $193.0M | $155.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 25.2% |
| 净利率 | 8.2% | 6.3% |
| 营收同比 | 5.5% | 7.4% |
| 净利润同比 | -10.2% | -57.1% |
| 每股收益（稀释后） | $0.34 | $0.33 |
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NWSAQSR
| Q4 25 | $2.4B | $2.5B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.6B | $2.1B | ||
| Q1 24 | $2.4B | $1.7B |
净利润NWSAQSR
| Q4 25 | $193.0M | $155.0M | ||
| Q3 25 | $112.0M | $436.0M | ||
| Q2 25 | $743.0M | $263.0M | ||
| Q1 25 | $103.0M | $221.0M | ||
| Q4 24 | $215.0M | $361.0M | ||
| Q3 24 | $119.0M | $357.0M | ||
| Q2 24 | $50.0M | $399.0M | ||
| Q1 24 | $30.0M | $328.0M |
毛利率NWSAQSR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 65.2% |
营业利润率NWSAQSR
| Q4 25 | — | 25.2% | ||
| Q3 25 | — | 27.1% | ||
| Q2 25 | 8.5% | 20.0% | ||
| Q1 25 | 7.5% | 20.6% | ||
| Q4 24 | 19.2% | 27.7% | ||
| Q3 24 | 7.9% | 25.2% | ||
| Q2 24 | 4.3% | 31.9% | ||
| Q1 24 | 2.6% | 31.3% |
净利率NWSAQSR
| Q4 25 | 8.2% | 6.3% | ||
| Q3 25 | 5.2% | 17.8% | ||
| Q2 25 | 45.6% | 10.9% | ||
| Q1 25 | 5.1% | 10.5% | ||
| Q4 24 | 9.6% | 15.7% | ||
| Q3 24 | 4.6% | 15.6% | ||
| Q2 24 | 1.9% | 19.2% | ||
| Q1 24 | 1.2% | 18.9% |
每股收益（稀释后）NWSAQSR
| Q4 25 | $0.34 | $0.33 | ||
| Q3 25 | $0.20 | $0.96 | ||
| Q2 25 | $1.30 | $0.57 | ||
| Q1 25 | $0.18 | $0.49 | ||
| Q4 24 | $0.38 | $0.79 | ||
| Q3 24 | $0.21 | $0.79 | ||
| Q2 24 | $0.09 | $0.88 | ||
| Q1 24 | $0.05 | $0.72 |
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 | $2.1B | — |
| 总债务越低越好 | $2.0B | $13.3B |
| 股东权益账面价值 | $8.8B | $3.6B |
| 总资产 | $15.5B | $25.6B |
| 负债/权益比越低杠杆越低 | 0.22× | 3.65× |
8季度趋势，按日历期对齐
现金及短期投资NWSAQSR
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $1.9B | — |
总债务NWSAQSR
| Q4 25 | $2.0B | $13.3B | ||
| Q3 25 | $2.0B | $13.5B | ||
| Q2 25 | $2.0B | $13.6B | ||
| Q1 25 | $2.0B | $13.6B | ||
| Q4 24 | $2.0B | $13.6B | ||
| Q3 24 | $2.9B | $13.7B | ||
| Q2 24 | $2.9B | $13.7B | ||
| Q1 24 | $2.9B | $12.9B |
股东权益NWSAQSR
| Q4 25 | $8.8B | $3.6B | ||
| Q3 25 | $8.7B | $3.4B | ||
| Q2 25 | $8.8B | $3.3B | ||
| Q1 25 | $8.2B | $3.1B | ||
| Q4 24 | $8.1B | $3.1B | ||
| Q3 24 | $8.3B | $3.2B | ||
| Q2 24 | $8.1B | $3.1B | ||
| Q1 24 | $8.1B | $3.0B |
总资产NWSAQSR
| Q4 25 | $15.5B | $25.6B | ||
| Q3 25 | $15.3B | $25.7B | ||
| Q2 25 | $15.5B | $25.7B | ||
| Q1 25 | $16.6B | $24.9B | ||
| Q4 24 | $16.2B | $24.6B | ||
| Q3 24 | $16.9B | $25.1B | ||
| Q2 24 | $16.7B | $24.8B | ||
| Q1 24 | $16.5B | $23.1B |
负债/权益比NWSAQSR
| Q4 25 | 0.22× | 3.65× | ||
| Q3 25 | 0.22× | 3.99× | ||
| Q2 25 | 0.22× | 4.10× | ||
| Q1 25 | 0.24× | 4.37× | ||
| Q4 24 | 0.24× | 4.39× | ||
| Q3 24 | 0.35× | 4.22× | ||
| Q2 24 | 0.36× | 4.46× | ||
| Q1 24 | 0.36× | 4.35× |
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 | $231.0M | $555.0M |
| 自由现金流经营现金流 - 资本支出 | $132.0M | $453.0M |
| 自由现金流率自由现金流/营收 | 5.6% | 18.4% |
| 资本支出强度资本支出/营收 | 4.2% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.20× | 3.58× |
| 过去12个月自由现金流最近4个季度 | $586.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流NWSAQSR
| Q4 25 | $231.0M | $555.0M | ||
| Q3 25 | $85.0M | $592.0M | ||
| Q2 25 | $189.0M | $449.0M | ||
| Q1 25 | $511.0M | $118.0M | ||
| Q4 24 | $252.0M | $481.0M | ||
| Q3 24 | $64.0M | $540.0M | ||
| Q2 24 | $254.0M | $334.0M | ||
| Q1 24 | $539.0M | $148.0M |
自由现金流NWSAQSR
| Q4 25 | $132.0M | $453.0M | ||
| Q3 25 | $4.0M | $531.0M | ||
| Q2 25 | $32.0M | $411.0M | ||
| Q1 25 | $418.0M | $54.0M | ||
| Q4 24 | $190.0M | $404.0M | ||
| Q3 24 | $-31.0M | $485.0M | ||
| Q2 24 | $111.0M | $291.0M | ||
| Q1 24 | $422.0M | $122.0M |
自由现金流率NWSAQSR
| Q4 25 | 5.6% | 18.4% | ||
| Q3 25 | 0.2% | 21.7% | ||
| Q2 25 | 2.0% | 17.1% | ||
| Q1 25 | 20.8% | 2.6% | ||
| Q4 24 | 8.5% | 17.6% | ||
| Q3 24 | -1.2% | 21.2% | ||
| Q2 24 | 4.3% | 14.0% | ||
| Q1 24 | 17.4% | 7.0% |
资本支出强度NWSAQSR
| Q4 25 | 4.2% | 4.1% | ||
| Q3 25 | 3.8% | 2.5% | ||
| Q2 25 | 9.6% | 1.6% | ||
| Q1 25 | 4.6% | 3.0% | ||
| Q4 24 | 2.8% | 3.4% | ||
| Q3 24 | 3.7% | 2.4% | ||
| Q2 24 | 5.5% | 2.1% | ||
| Q1 24 | 4.8% | 1.5% |
现金转化率NWSAQSR
| Q4 25 | 1.20× | 3.58× | ||
| Q3 25 | 0.76× | 1.36× | ||
| Q2 25 | 0.25× | 1.71× | ||
| Q1 25 | 4.96× | 0.53× | ||
| Q4 24 | 1.17× | 1.33× | ||
| Q3 24 | 0.54× | 1.51× | ||
| Q2 24 | 5.08× | 0.84× | ||
| Q1 24 | 17.97× | 0.45× |
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
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
QSR
| CA | $1.0B | 41% |
| Other | $330.0M | 13% |
| Advertising | $308.0M | 12% |
| Others | $284.0M | 12% |
| Popeyes Louisiana Kitchen | $195.0M | 8% |
| Burger King | $185.0M | 8% |
| Royalty | $87.0M | 4% |
| Firehouse Subs | $59.0M | 2% |
| Franchisor | $7.0M | 0% |
