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棒约翰（PZZA）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
棒约翰的季度营收约是RBC Bearings INC的1.1倍（$498.2M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 1.4%，领先13.2%），RBC Bearings INC同比增速更快（17.0% vs -6.1%），RBC Bearings INC自由现金流更多（$99.1M vs $2.1M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -1.5%）
棒约翰国际是源自美国的知名披萨餐饮连锁品牌，截至2023年，它是美国市场规模第四大披萨外送连锁餐饮集团，总部设于肯塔基州路易斯维尔与佐治亚州亚特兰大的都会区，在全球多地开设门店，主打披萨外卖业务。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
PZZA vs RBC — 直观对比
营收规模更大
PZZA
是对方的1.1倍
$461.6M
营收增速更快
RBC
高出23.2%
-6.1%
净利率更高
RBC
高出13.2%
1.4%
自由现金流更多
RBC
多$97.0M
$2.1M
两年增速更快
RBC
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $498.2M | $461.6M |
| 净利润 | $7.1M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 4.9% | 22.3% |
| 净利率 | 1.4% | 14.6% |
| 营收同比 | -6.1% | 17.0% |
| 净利润同比 | -52.2% | 16.4% |
| 每股收益（稀释后） | $0.22 | $2.13 |
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PZZARBC
| Q4 25 | $498.2M | $461.6M | ||
| Q3 25 | $508.2M | $455.3M | ||
| Q2 25 | $529.2M | $436.0M | ||
| Q1 25 | $518.3M | $437.7M | ||
| Q4 24 | $530.8M | $394.4M | ||
| Q3 24 | $506.8M | $397.9M | ||
| Q2 24 | $507.9M | $406.3M | ||
| Q1 24 | $513.9M | $413.7M |
净利润PZZARBC
| Q4 25 | $7.1M | $67.4M | ||
| Q3 25 | $4.7M | $60.0M | ||
| Q2 25 | $9.5M | $68.5M | ||
| Q1 25 | $9.2M | $72.7M | ||
| Q4 24 | $14.8M | $57.9M | ||
| Q3 24 | $41.8M | $54.2M | ||
| Q2 24 | $12.2M | $61.4M | ||
| Q1 24 | $14.6M | — |
毛利率PZZARBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率PZZARBC
| Q4 25 | 4.9% | 22.3% | ||
| Q3 25 | 3.2% | 21.5% | ||
| Q2 25 | 4.6% | 23.2% | ||
| Q1 25 | 4.6% | 23.0% | ||
| Q4 24 | 5.6% | 21.7% | ||
| Q3 24 | 12.9% | 21.6% | ||
| Q2 24 | 5.6% | 24.0% | ||
| Q1 24 | 6.6% | 22.8% |
净利率PZZARBC
| Q4 25 | 1.4% | 14.6% | ||
| Q3 25 | 0.9% | 13.2% | ||
| Q2 25 | 1.8% | 15.7% | ||
| Q1 25 | 1.8% | 16.6% | ||
| Q4 24 | 2.8% | 14.7% | ||
| Q3 24 | 8.2% | 13.6% | ||
| Q2 24 | 2.4% | 15.1% | ||
| Q1 24 | 2.8% | — |
每股收益（稀释后）PZZARBC
| Q4 25 | $0.22 | $2.13 | ||
| Q3 25 | $0.13 | $1.90 | ||
| Q2 25 | $0.28 | $2.17 | ||
| Q1 25 | $0.27 | $2.33 | ||
| Q4 24 | $0.46 | $1.82 | ||
| Q3 24 | $1.27 | $1.65 | ||
| Q2 24 | $0.37 | $1.90 | ||
| Q1 24 | $0.44 | $1.92 |
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 | $34.6M | $107.6M |
| 总债务越低越好 | $722.3M | $990.2M |
| 股东权益账面价值 | $-444.8M | $3.3B |
| 总资产 | $837.5M | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资PZZARBC
| Q4 25 | $34.6M | $107.6M | ||
| Q3 25 | $39.0M | $91.2M | ||
| Q2 25 | $33.3M | $132.9M | ||
| Q1 25 | $44.0M | $36.8M | ||
| Q4 24 | $38.0M | — | ||
| Q3 24 | $17.6M | — | ||
| Q2 24 | $24.3M | $76.8M | ||
| Q1 24 | $27.8M | $63.5M |
总债务PZZARBC
| Q4 25 | $722.3M | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益PZZARBC
| Q4 25 | $-444.8M | $3.3B | ||
| Q3 25 | $-439.3M | $3.2B | ||
| Q2 25 | $-432.0M | $3.1B | ||
| Q1 25 | $-431.9M | $3.0B | ||
| Q4 24 | $-429.5M | $2.9B | ||
| Q3 24 | $-430.9M | $2.9B | ||
| Q2 24 | $-461.7M | $2.8B | ||
| Q1 24 | $-461.9M | $2.8B |
总资产PZZARBC
| Q4 25 | $837.5M | $5.1B | ||
| Q3 25 | $884.1M | $5.1B | ||
| Q2 25 | $890.4M | $4.8B | ||
| Q1 25 | $898.1M | $4.7B | ||
| Q4 24 | $889.0M | $4.7B | ||
| Q3 24 | $860.9M | $4.7B | ||
| Q2 24 | $838.4M | $4.7B | ||
| Q1 24 | $847.2M | $4.7B |
负债/权益比PZZARBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $19.8M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $2.1M | $99.1M |
| 自由现金流率自由现金流/营收 | 0.4% | 21.5% |
| 资本支出强度资本支出/营收 | 3.6% | 5.0% |
| 现金转化率经营现金流/净利润 | 2.80× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $61.3M | — |
8季度趋势，按日历期对齐
经营现金流PZZARBC
| Q4 25 | $19.8M | $122.1M | ||
| Q3 25 | $39.3M | $88.4M | ||
| Q2 25 | $35.5M | $120.0M | ||
| Q1 25 | $31.3M | — | ||
| Q4 24 | $50.7M | $84.0M | ||
| Q3 24 | $13.9M | — | ||
| Q2 24 | $30.0M | $97.4M | ||
| Q1 24 | $12.0M | — |
自由现金流PZZARBC
| Q4 25 | $2.1M | $99.1M | ||
| Q3 25 | $22.7M | $71.7M | ||
| Q2 25 | $17.4M | $104.3M | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $25.2M | $73.6M | ||
| Q3 24 | $-3.8M | — | ||
| Q2 24 | $13.9M | $88.4M | ||
| Q1 24 | $-1.1M | — |
自由现金流率PZZARBC
| Q4 25 | 0.4% | 21.5% | ||
| Q3 25 | 4.5% | 15.7% | ||
| Q2 25 | 3.3% | 23.9% | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 4.7% | 18.7% | ||
| Q3 24 | -0.8% | — | ||
| Q2 24 | 2.7% | 21.8% | ||
| Q1 24 | -0.2% | — |
资本支出强度PZZARBC
| Q4 25 | 3.6% | 5.0% | ||
| Q3 25 | 3.3% | 3.7% | ||
| Q2 25 | 3.4% | 3.6% | ||
| Q1 25 | 2.4% | 3.2% | ||
| Q4 24 | 4.8% | 2.6% | ||
| Q3 24 | 3.5% | 4.1% | ||
| Q2 24 | 3.2% | 2.2% | ||
| Q1 24 | 2.5% | — |
现金转化率PZZARBC
| Q4 25 | 2.80× | 1.81× | ||
| Q3 25 | 8.36× | 1.47× | ||
| Q2 25 | 3.73× | 1.75× | ||
| Q1 25 | 3.40× | — | ||
| Q4 24 | 3.43× | 1.45× | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 2.45× | 1.59× | ||
| Q1 24 | 0.82× | — |
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
PZZA
| Commissary | $236.8M | 48% |
| Company Owned Restaurant Sales | $154.4M | 31% |
| Franchisor | $47.5M | 10% |
| Advertising | $37.2M | 7% |
| Other | $22.2M | 4% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
