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通用电气医疗（OPCH）与百胜餐饮集团（YUM）财务数据对比。点击上方公司名可切换其他公司
百胜餐饮集团的季度营收约是通用电气医疗的1.8倍（$2.5B vs $1.4B），百胜餐饮集团净利率更高（21.3% vs 3.6%，领先17.7%），通用电气医疗同比增速更快（12.2% vs 6.5%），百胜餐饮集团自由现金流更多（$482.0M vs $130.2M），过去两年百胜餐饮集团的营收复合增速更高（25.5% vs 13.0%）
通用电气医疗是总部位于美国伊利诺伊州芝加哥的医疗科技企业，旗下设四大业务板块：医学影像（含分子成像、CT、磁共振、女性健康筛查及X线设备）、超声、患者护理解决方案（覆盖远程患者监测、麻醉呼吸护理、心脏病诊断、婴儿护理等）及制药相关业务。
百胜餐饮集团是美国跨国快餐企业，前身为百事可乐1977年收购肯德基、必胜客、塔可贝尔后成立的子公司，1997年从百事可乐分拆独立。目前集团运营肯德基、必胜客、塔可贝尔、哈比特汉堡等知名餐饮品牌，同时持有多家科技公司为业务发展提供支持。
OPCH vs YUM — 直观对比
营收规模更大
YUM
是对方的1.8倍
$1.4B
营收增速更快
OPCH
高出5.8%
6.5%
净利率更高
YUM
高出17.7%
3.6%
自由现金流更多
YUM
多$351.8M
$130.2M
两年增速更快
YUM
近两年复合增速
13.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.5B |
| 净利润 | $51.8M | $535.0M |
| 毛利率 | 19.0% | 67.6% |
| 营业利润率 | 5.9% | 29.3% |
| 净利率 | 3.6% | 21.3% |
| 营收同比 | 12.2% | 6.5% |
| 净利润同比 | -3.8% | 26.5% |
| 每股收益（稀释后） | $0.32 | $1.91 |
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OPCHYUM
| Q4 25 | — | $2.5B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.2B | $1.8B | ||
| Q1 24 | $1.1B | $1.6B |
净利润OPCHYUM
| Q4 25 | — | $535.0M | ||
| Q3 25 | $51.8M | $397.0M | ||
| Q2 25 | $50.5M | $374.0M | ||
| Q1 25 | $46.7M | $253.0M | ||
| Q4 24 | $60.1M | $423.0M | ||
| Q3 24 | $53.9M | $382.0M | ||
| Q2 24 | $53.0M | $367.0M | ||
| Q1 24 | $44.8M | $314.0M |
毛利率OPCHYUM
| Q4 25 | — | 67.6% | ||
| Q3 25 | 19.0% | 70.3% | ||
| Q2 25 | 19.0% | 71.0% | ||
| Q1 25 | 19.7% | 70.9% | ||
| Q4 24 | 21.3% | 69.2% | ||
| Q3 24 | 20.1% | 71.4% | ||
| Q2 24 | 20.3% | 73.3% | ||
| Q1 24 | 20.8% | 75.0% |
营业利润率OPCHYUM
| Q4 25 | — | 29.3% | ||
| Q3 25 | 5.9% | 33.7% | ||
| Q2 25 | 5.8% | 32.2% | ||
| Q1 25 | 5.9% | 30.7% | ||
| Q4 24 | 6.9% | 27.8% | ||
| Q3 24 | 6.7% | 33.9% | ||
| Q2 24 | 6.6% | 34.4% | ||
| Q1 24 | 6.0% | 32.5% |
净利率OPCHYUM
| Q4 25 | — | 21.3% | ||
| Q3 25 | 3.6% | 20.1% | ||
| Q2 25 | 3.6% | 19.3% | ||
| Q1 25 | 3.5% | 14.2% | ||
| Q4 24 | 4.8% | 17.9% | ||
| Q3 24 | 4.2% | 20.9% | ||
| Q2 24 | 4.3% | 20.8% | ||
| Q1 24 | 3.9% | 19.6% |
每股收益（稀释后）OPCHYUM
| Q4 25 | — | $1.91 | ||
| Q3 25 | $0.32 | $1.41 | ||
| Q2 25 | $0.31 | $1.33 | ||
| Q1 25 | $0.28 | $0.90 | ||
| Q4 24 | $0.36 | $1.49 | ||
| Q3 24 | $0.31 | $1.35 | ||
| Q2 24 | $0.30 | $1.28 | ||
| Q1 24 | $0.26 | $1.10 |
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 | $309.8M | $709.0M |
| 总债务越低越好 | $1.2B | $11.9B |
| 股东权益账面价值 | $1.4B | $-7.3B |
| 总资产 | $3.5B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.86× | — |
8季度趋势，按日历期对齐
现金及短期投资OPCHYUM
| Q4 25 | — | $709.0M | ||
| Q3 25 | $309.8M | $1.0B | ||
| Q2 25 | $198.8M | $677.0M | ||
| Q1 25 | $171.4M | $607.0M | ||
| Q4 24 | $412.6M | $707.0M | ||
| Q3 24 | $483.0M | $548.0M | ||
| Q2 24 | $376.9M | $520.0M | ||
| Q1 24 | $219.5M | $652.0M |
总债务OPCHYUM
| Q4 25 | — | $11.9B | ||
| Q3 25 | $1.2B | $11.5B | ||
| Q2 25 | $1.1B | $10.4B | ||
| Q1 25 | $1.1B | $11.3B | ||
| Q4 24 | $1.1B | $11.3B | ||
| Q3 24 | $1.1B | $11.2B | ||
| Q2 24 | $1.1B | $11.1B | ||
| Q1 24 | $1.1B | $11.1B |
股东权益OPCHYUM
| Q4 25 | — | $-7.3B | ||
| Q3 25 | $1.4B | $-7.5B | ||
| Q2 25 | $1.4B | $-7.7B | ||
| Q1 25 | $1.4B | $-7.8B | ||
| Q4 24 | $1.4B | $-7.6B | ||
| Q3 24 | $1.4B | $-7.7B | ||
| Q2 24 | $1.4B | $-7.6B | ||
| Q1 24 | $1.4B | $-7.8B |
总资产OPCHYUM
| Q4 25 | — | $8.2B | ||
| Q3 25 | $3.5B | $7.2B | ||
| Q2 25 | $3.4B | $6.9B | ||
| Q1 25 | $3.3B | $6.7B | ||
| Q4 24 | $3.4B | $6.7B | ||
| Q3 24 | $3.4B | $6.5B | ||
| Q2 24 | $3.3B | $6.4B | ||
| Q1 24 | $3.2B | $6.2B |
负债/权益比OPCHYUM
| Q4 25 | — | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.82× | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 0.74× | — |
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 | $139.4M | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $130.2M | $482.0M |
| 自由现金流率自由现金流/营收 | 9.1% | 19.2% |
| 资本支出强度资本支出/营收 | 0.6% | 5.4% |
| 现金转化率经营现金流/净利润 | 2.69× | 1.15× |
| 过去12个月自由现金流最近4个季度 | $220.7M | $1.6B |
8季度趋势，按日历期对齐
经营现金流OPCHYUM
| Q4 25 | — | $617.0M | ||
| Q3 25 | $139.4M | $543.0M | ||
| Q2 25 | $90.3M | $446.0M | ||
| Q1 25 | $-7.2M | $404.0M | ||
| Q4 24 | $36.1M | $513.0M | ||
| Q3 24 | $160.4M | $471.0M | ||
| Q2 24 | $195.7M | $342.0M | ||
| Q1 24 | $-68.8M | $363.0M |
自由现金流OPCHYUM
| Q4 25 | — | $482.0M | ||
| Q3 25 | $130.2M | $449.0M | ||
| Q2 25 | $81.2M | $375.0M | ||
| Q1 25 | $-16.6M | $333.0M | ||
| Q4 24 | $25.8M | $407.0M | ||
| Q3 24 | $150.7M | $419.0M | ||
| Q2 24 | $185.9M | $292.0M | ||
| Q1 24 | $-74.6M | $314.0M |
自由现金流率OPCHYUM
| Q4 25 | — | 19.2% | ||
| Q3 25 | 9.1% | 22.7% | ||
| Q2 25 | 5.7% | 19.4% | ||
| Q1 25 | -1.2% | 18.6% | ||
| Q4 24 | 2.0% | 17.2% | ||
| Q3 24 | 11.8% | 22.9% | ||
| Q2 24 | 15.1% | 16.6% | ||
| Q1 24 | -6.5% | 19.6% |
资本支出强度OPCHYUM
| Q4 25 | — | 5.4% | ||
| Q3 25 | 0.6% | 4.7% | ||
| Q2 25 | 0.6% | 3.7% | ||
| Q1 25 | 0.7% | 4.0% | ||
| Q4 24 | 0.8% | 4.5% | ||
| Q3 24 | 0.8% | 2.8% | ||
| Q2 24 | 0.8% | 2.8% | ||
| Q1 24 | 0.5% | 3.1% |
现金转化率OPCHYUM
| Q4 25 | — | 1.15× | ||
| Q3 25 | 2.69× | 1.37× | ||
| Q2 25 | 1.79× | 1.19× | ||
| Q1 25 | -0.15× | 1.60× | ||
| Q4 24 | 0.60× | 1.21× | ||
| Q3 24 | 2.98× | 1.23× | ||
| Q2 24 | 3.69× | 0.93× | ||
| Q1 24 | -1.54× | 1.16× |
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
OPCH
| Commercial Customer | $1.3B | 87% |
| Government Customer | $172.8M | 12% |
| Patient Customer | $10.1M | 1% |
| Corporate Joint Venture | $1.9M | 0% |
YUM
| Other | $1.5B | 59% |
| Advertising | $547.0M | 22% |
| Pizza Hut Global Division | $303.0M | 12% |
| The Habit Burger Grill Global Division | $174.0M | 7% |
| Real Estate | $4.0M | 0% |
