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PPL Corporation（PPL）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PPL Corporation的1.1倍（$2.5B vs $2.3B），百胜餐饮集团净利率更高（21.3% vs 11.3%，领先9.9%），PPL Corporation同比增速更快（7.2% vs 6.5%），百胜餐饮集团自由现金流更多（$482.0M vs $-614.0M），过去两年百胜餐饮集团的营收复合增速更高（25.5% vs 1.0%）
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
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。
PPL vs YUM — 直观对比
营收规模更大
YUM
是对方的1.1倍
$2.3B
营收增速更快
PPL
高出0.7%
6.5%
净利率更高
YUM
高出9.9%
11.3%
自由现金流更多
YUM
多$1.1B
$-614.0M
两年增速更快
YUM
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.5B |
| 净利润 | $266.0M | $535.0M |
| 毛利率 | — | 67.6% |
| 营业利润率 | 20.3% | 29.3% |
| 净利率 | 11.3% | 21.3% |
| 营收同比 | 7.2% | 6.5% |
| 净利润同比 | 50.3% | 26.5% |
| 每股收益（稀释后） | $0.35 | $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PPLYUM
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.0B | $1.9B | ||
| Q1 25 | $2.5B | $1.8B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B | ||
| Q1 24 | $2.3B | $1.6B |
净利润PPLYUM
| Q4 25 | $266.0M | $535.0M | ||
| Q3 25 | $318.0M | $397.0M | ||
| Q2 25 | $183.0M | $374.0M | ||
| Q1 25 | $414.0M | $253.0M | ||
| Q4 24 | $177.0M | $423.0M | ||
| Q3 24 | $214.0M | $382.0M | ||
| Q2 24 | $190.0M | $367.0M | ||
| Q1 24 | $307.0M | $314.0M |
毛利率PPLYUM
| Q4 25 | — | 67.6% | ||
| Q3 25 | — | 70.3% | ||
| Q2 25 | — | 71.0% | ||
| Q1 25 | — | 70.9% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | — | 71.4% | ||
| Q2 24 | — | 73.3% | ||
| Q1 24 | — | 75.0% |
营业利润率PPLYUM
| Q4 25 | 20.3% | 29.3% | ||
| Q3 25 | 25.4% | 33.7% | ||
| Q2 25 | 19.9% | 32.2% | ||
| Q1 25 | 26.6% | 30.7% | ||
| Q4 24 | 17.2% | 27.8% | ||
| Q3 24 | 20.6% | 33.9% | ||
| Q2 24 | 20.8% | 34.4% | ||
| Q1 24 | 23.7% | 32.5% |
净利率PPLYUM
| Q4 25 | 11.3% | 21.3% | ||
| Q3 25 | 14.2% | 20.1% | ||
| Q2 25 | 9.0% | 19.3% | ||
| Q1 25 | 16.3% | 14.2% | ||
| Q4 24 | 8.1% | 17.9% | ||
| Q3 24 | 10.3% | 20.9% | ||
| Q2 24 | 10.1% | 20.8% | ||
| Q1 24 | 13.3% | 19.6% |
每股收益（稀释后）PPLYUM
| Q4 25 | $0.35 | $1.91 | ||
| Q3 25 | $0.43 | $1.41 | ||
| Q2 25 | $0.25 | $1.33 | ||
| Q1 25 | $0.56 | $0.90 | ||
| Q4 24 | $0.23 | $1.49 | ||
| Q3 24 | $0.29 | $1.35 | ||
| Q2 24 | $0.26 | $1.28 | ||
| Q1 24 | $0.42 | $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 | $1.1B | $709.0M |
| 总债务越低越好 | $18.9B | $11.9B |
| 股东权益账面价值 | $14.9B | $-7.3B |
| 总资产 | $45.2B | $8.2B |
| 负债/权益比越低杠杆越低 | 1.27× | — |
8季度趋势，按日历期对齐
现金及短期投资PPLYUM
| Q4 25 | $1.1B | $709.0M | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $294.0M | $677.0M | ||
| Q1 25 | $312.0M | $607.0M | ||
| Q4 24 | $306.0M | $707.0M | ||
| Q3 24 | $542.0M | $548.0M | ||
| Q2 24 | $282.0M | $520.0M | ||
| Q1 24 | $276.0M | $652.0M |
总债务PPLYUM
| Q4 25 | $18.9B | $11.9B | ||
| Q3 25 | — | $11.5B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $11.3B | ||
| Q4 24 | $16.5B | $11.3B | ||
| Q3 24 | — | $11.2B | ||
| Q2 24 | — | $11.1B | ||
| Q1 24 | — | $11.1B |
股东权益PPLYUM
| Q4 25 | $14.9B | $-7.3B | ||
| Q3 25 | $14.4B | $-7.5B | ||
| Q2 25 | $14.3B | $-7.7B | ||
| Q1 25 | $14.3B | $-7.8B | ||
| Q4 24 | $14.1B | $-7.6B | ||
| Q3 24 | $14.1B | $-7.7B | ||
| Q2 24 | $14.1B | $-7.6B | ||
| Q1 24 | $14.1B | $-7.8B |
总资产PPLYUM
| Q4 25 | $45.2B | $8.2B | ||
| Q3 25 | $43.9B | $7.2B | ||
| Q2 25 | $42.4B | $6.9B | ||
| Q1 25 | $41.8B | $6.7B | ||
| Q4 24 | $41.1B | $6.7B | ||
| Q3 24 | $40.5B | $6.5B | ||
| Q2 24 | $39.8B | $6.4B | ||
| Q1 24 | $39.6B | $6.2B |
负债/权益比PPLYUM
| Q4 25 | 1.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.17× | — | ||
| 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 | $548.0M | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | $482.0M |
| 自由现金流率自由现金流/营收 | -26.1% | 19.2% |
| 资本支出强度资本支出/营收 | 49.5% | 5.4% |
| 现金转化率经营现金流/净利润 | 2.06× | 1.15× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $1.6B |
8季度趋势，按日历期对齐
经营现金流PPLYUM
| Q4 25 | $548.0M | $617.0M | ||
| Q3 25 | $966.0M | $543.0M | ||
| Q2 25 | $602.0M | $446.0M | ||
| Q1 25 | $513.0M | $404.0M | ||
| Q4 24 | $511.0M | $513.0M | ||
| Q3 24 | $781.0M | $471.0M | ||
| Q2 24 | $766.0M | $342.0M | ||
| Q1 24 | $282.0M | $363.0M |
自由现金流PPLYUM
| Q4 25 | $-614.0M | $482.0M | ||
| Q3 25 | $-179.0M | $449.0M | ||
| Q2 25 | $-328.0M | $375.0M | ||
| Q1 25 | $-280.0M | $333.0M | ||
| Q4 24 | $-349.0M | $407.0M | ||
| Q3 24 | $102.0M | $419.0M | ||
| Q2 24 | $96.0M | $292.0M | ||
| Q1 24 | $-314.0M | $314.0M |
自由现金流率PPLYUM
| Q4 25 | -26.1% | 19.2% | ||
| Q3 25 | -8.0% | 22.7% | ||
| Q2 25 | -16.1% | 19.4% | ||
| Q1 25 | -11.0% | 18.6% | ||
| Q4 24 | -15.9% | 17.2% | ||
| Q3 24 | 4.9% | 22.9% | ||
| Q2 24 | 5.1% | 16.6% | ||
| Q1 24 | -13.6% | 19.6% |
资本支出强度PPLYUM
| Q4 25 | 49.5% | 5.4% | ||
| Q3 25 | 51.2% | 4.7% | ||
| Q2 25 | 45.6% | 3.7% | ||
| Q1 25 | 31.2% | 4.0% | ||
| Q4 24 | 39.3% | 4.5% | ||
| Q3 24 | 32.7% | 2.8% | ||
| Q2 24 | 35.8% | 2.8% | ||
| Q1 24 | 25.9% | 3.1% |
现金转化率PPLYUM
| Q4 25 | 2.06× | 1.15× | ||
| Q3 25 | 3.04× | 1.37× | ||
| Q2 25 | 3.29× | 1.19× | ||
| Q1 25 | 1.24× | 1.60× | ||
| Q4 24 | 2.89× | 1.21× | ||
| Q3 24 | 3.65× | 1.23× | ||
| Q2 24 | 4.03× | 0.93× | ||
| Q1 24 | 0.92× | 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
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 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% |
