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PILGRIMS PRIDE CORP（PPC）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
PILGRIMS PRIDE CORP的季度营收约是Restaurant Brands International Inc.的1.8倍（$4.5B vs $2.5B），Restaurant Brands International Inc.净利率更高（6.3% vs 1.9%，领先4.3%），Restaurant Brands International Inc.同比增速更快（7.4% vs 3.3%），Restaurant Brands International Inc.自由现金流更多（$453.0M vs $10.0M），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% vs 1.8%）
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
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。
PPC vs QSR — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.5B |
| 净利润 | $88.0M | $155.0M |
| 毛利率 | 9.5% | — |
| 营业利润率 | 4.5% | 25.2% |
| 净利率 | 1.9% | 6.3% |
| 营收同比 | 3.3% | 7.4% |
| 净利润同比 | -62.7% | -57.1% |
| 每股收益（稀释后） | $0.37 | $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
| Q4 25 | $4.5B | $2.5B | ||
| Q3 25 | $4.8B | $2.4B | ||
| Q2 25 | $4.8B | $2.4B | ||
| Q1 25 | $4.5B | $2.1B | ||
| Q4 24 | $4.4B | $2.3B | ||
| Q3 24 | $4.6B | $2.3B | ||
| Q2 24 | $4.6B | $2.1B | ||
| Q1 24 | $4.4B | $1.7B |
| Q4 25 | $88.0M | $155.0M | ||
| Q3 25 | $342.8M | $436.0M | ||
| Q2 25 | $355.5M | $263.0M | ||
| Q1 25 | $296.0M | $221.0M | ||
| Q4 24 | $235.9M | $361.0M | ||
| Q3 24 | $349.9M | $357.0M | ||
| Q2 24 | $326.3M | $399.0M | ||
| Q1 24 | $174.4M | $328.0M |
| Q4 25 | 9.5% | — | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | 8.8% | 65.2% |
| Q4 25 | 4.5% | 25.2% | ||
| Q3 25 | 10.4% | 27.1% | ||
| Q2 25 | 10.8% | 20.0% | ||
| Q1 25 | 9.1% | 20.6% | ||
| Q4 24 | 7.0% | 27.7% | ||
| Q3 24 | 11.1% | 25.2% | ||
| Q2 24 | 9.7% | 31.9% | ||
| Q1 24 | 5.7% | 31.3% |
| Q4 25 | 1.9% | 6.3% | ||
| Q3 25 | 7.2% | 17.8% | ||
| Q2 25 | 7.5% | 10.9% | ||
| Q1 25 | 6.6% | 10.5% | ||
| Q4 24 | 5.4% | 15.7% | ||
| Q3 24 | 7.6% | 15.6% | ||
| Q2 24 | 7.2% | 19.2% | ||
| Q1 24 | 4.0% | 18.9% |
| Q4 25 | $0.37 | $0.33 | ||
| Q3 25 | $1.44 | $0.96 | ||
| Q2 25 | $1.49 | $0.57 | ||
| Q1 25 | $1.24 | $0.49 | ||
| Q4 24 | $1.00 | $0.79 | ||
| Q3 24 | $1.47 | $0.79 | ||
| Q2 24 | $1.37 | $0.88 | ||
| Q1 24 | $0.73 | $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 | $640.2M | — |
| 总债务越低越好 | $3.1B | $13.3B |
| 股东权益账面价值 | $3.7B | $3.6B |
| 总资产 | $10.3B | $25.6B |
| 负债/权益比越低杠杆越低 | 0.84× | 3.65× |
8季度趋势，按日历期对齐
| Q4 25 | $640.2M | — | ||
| Q3 25 | $612.6M | — | ||
| Q2 25 | $849.0M | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $870.8M | — |
| Q4 25 | $3.1B | $13.3B | ||
| Q3 25 | $3.1B | $13.5B | ||
| Q2 25 | $3.1B | $13.6B | ||
| Q1 25 | $3.2B | $13.6B | ||
| Q4 24 | $3.2B | $13.6B | ||
| Q3 24 | $3.2B | $13.7B | ||
| Q2 24 | $3.2B | $13.7B | ||
| Q1 24 | $3.3B | $12.9B |
| Q4 25 | $3.7B | $3.6B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.7B | $3.3B | ||
| Q1 25 | $3.1B | $3.1B | ||
| Q4 24 | $4.2B | $3.1B | ||
| Q3 24 | $4.2B | $3.2B | ||
| Q2 24 | $3.7B | $3.1B | ||
| Q1 24 | $3.5B | $3.0B |
| Q4 25 | $10.3B | $25.6B | ||
| Q3 25 | $10.0B | $25.7B | ||
| Q2 25 | $10.1B | $25.7B | ||
| Q1 25 | $11.0B | $24.9B | ||
| Q4 24 | $10.7B | $24.6B | ||
| Q3 24 | $10.7B | $25.1B | ||
| Q2 24 | $10.1B | $24.8B | ||
| Q1 24 | $9.8B | $23.1B |
| Q4 25 | 0.84× | 3.65× | ||
| Q3 25 | 0.87× | 3.99× | ||
| Q2 25 | 0.83× | 4.10× | ||
| Q1 25 | 1.02× | 4.37× | ||
| Q4 24 | 0.76× | 4.39× | ||
| Q3 24 | 0.76× | 4.22× | ||
| Q2 24 | 0.85× | 4.46× | ||
| Q1 24 | 0.96× | 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 | $291.2M | $555.0M |
| 自由现金流经营现金流 - 资本支出 | $10.0M | $453.0M |
| 自由现金流率自由现金流/营收 | 0.2% | 18.4% |
| 资本支出强度资本支出/营收 | 6.2% | 4.1% |
| 现金转化率经营现金流/净利润 | 3.31× | 3.58× |
| 过去12个月自由现金流最近4个季度 | $653.1M | $1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $291.2M | $555.0M | ||
| Q3 25 | $458.3M | $592.0M | ||
| Q2 25 | $495.2M | $449.0M | ||
| Q1 25 | $126.9M | $118.0M | ||
| Q4 24 | $349.3M | $481.0M | ||
| Q3 24 | $651.1M | $540.0M | ||
| Q2 24 | $718.6M | $334.0M | ||
| Q1 24 | $271.0M | $148.0M |
| Q4 25 | $10.0M | $453.0M | ||
| Q3 25 | $275.9M | $531.0M | ||
| Q2 25 | $339.1M | $411.0M | ||
| Q1 25 | $28.1M | $54.0M | ||
| Q4 24 | $176.6M | $404.0M | ||
| Q3 24 | $565.3M | $485.0M | ||
| Q2 24 | $617.7M | $291.0M | ||
| Q1 24 | $171.9M | $122.0M |
| Q4 25 | 0.2% | 18.4% | ||
| Q3 25 | 5.8% | 21.7% | ||
| Q2 25 | 7.1% | 17.1% | ||
| Q1 25 | 0.6% | 2.6% | ||
| Q4 24 | 4.0% | 17.6% | ||
| Q3 24 | 12.3% | 21.2% | ||
| Q2 24 | 13.5% | 14.0% | ||
| Q1 24 | 3.9% | 7.0% |
| Q4 25 | 6.2% | 4.1% | ||
| Q3 25 | 3.8% | 2.5% | ||
| Q2 25 | 3.3% | 1.6% | ||
| Q1 25 | 2.2% | 3.0% | ||
| Q4 24 | 4.0% | 3.4% | ||
| Q3 24 | 1.9% | 2.4% | ||
| Q2 24 | 2.2% | 2.1% | ||
| Q1 24 | 2.3% | 1.5% |
| Q4 25 | 3.31× | 3.58× | ||
| Q3 25 | 1.34× | 1.36× | ||
| Q2 25 | 1.39× | 1.71× | ||
| Q1 25 | 0.43× | 0.53× | ||
| Q4 24 | 1.48× | 1.33× | ||
| Q3 24 | 1.86× | 1.51× | ||
| Q2 24 | 2.20× | 0.84× | ||
| Q1 24 | 1.55× | 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
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
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% |
