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棒约翰（PZZA）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是棒约翰的1.3倍（$663.0M vs $498.2M），Reddit, Inc.净利率更高（30.8% vs 1.4%，领先29.3%），Reddit, Inc.同比增速更快（69.0% vs -6.1%），Reddit, Inc.自由现金流更多（$311.0M vs $2.1M），过去两年Reddit, Inc.的营收复合增速更高（53.6% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
PZZA vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.3倍
$498.2M
营收增速更快
RDDT
高出75.1%
-6.1%
净利率更高
RDDT
高出29.3%
1.4%
自由现金流更多
RDDT
多$308.9M
$2.1M
两年增速更快
RDDT
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $498.2M | $663.0M |
| 净利润 | $7.1M | $204.0M |
| 毛利率 | — | 100.0% |
| 营业利润率 | 4.9% | 0.0% |
| 净利率 | 1.4% | 30.8% |
| 营收同比 | -6.1% | 69.0% |
| 净利润同比 | -52.2% | 680.0% |
| 每股收益（稀释后） | $0.22 | $1.01 |
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PZZARDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $498.2M | $725.6M | ||
| Q3 25 | $508.2M | $584.9M | ||
| Q2 25 | $529.2M | $499.6M | ||
| Q1 25 | $518.3M | $392.4M | ||
| Q4 24 | $530.8M | $427.7M | ||
| Q3 24 | $506.8M | $348.4M | ||
| Q2 24 | $507.9M | $281.2M |
净利润PZZARDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $7.1M | $251.6M | ||
| Q3 25 | $4.7M | $162.7M | ||
| Q2 25 | $9.5M | $89.3M | ||
| Q1 25 | $9.2M | $26.2M | ||
| Q4 24 | $14.8M | $71.0M | ||
| Q3 24 | $41.8M | $29.9M | ||
| Q2 24 | $12.2M | $-10.1M |
毛利率PZZARDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% |
营业利润率PZZARDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | 4.9% | 31.9% | ||
| Q3 25 | 3.2% | 23.7% | ||
| Q2 25 | 4.6% | 13.6% | ||
| Q1 25 | 4.6% | 1.0% | ||
| Q4 24 | 5.6% | 12.4% | ||
| Q3 24 | 12.9% | 2.0% | ||
| Q2 24 | 5.6% | -11.0% |
净利率PZZARDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 1.4% | 34.7% | ||
| Q3 25 | 0.9% | 27.8% | ||
| Q2 25 | 1.8% | 17.9% | ||
| Q1 25 | 1.8% | 6.7% | ||
| Q4 24 | 2.8% | 16.6% | ||
| Q3 24 | 8.2% | 8.6% | ||
| Q2 24 | 2.4% | -3.6% |
每股收益（稀释后）PZZARDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $0.22 | $1.24 | ||
| Q3 25 | $0.13 | $0.80 | ||
| Q2 25 | $0.28 | $0.45 | ||
| Q1 25 | $0.27 | $0.13 | ||
| Q4 24 | $0.46 | $4.76 | ||
| Q3 24 | $1.27 | $0.16 | ||
| Q2 24 | $0.37 | $-0.06 |
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 | $1.4B |
| 总债务越低越好 | $722.3M | — |
| 股东权益账面价值 | $-444.8M | $3.2B |
| 总资产 | $837.5M | $3.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PZZARDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $34.6M | $953.6M | ||
| Q3 25 | $39.0M | $911.7M | ||
| Q2 25 | $33.3M | $734.1M | ||
| Q1 25 | $44.0M | $635.7M | ||
| Q4 24 | $38.0M | $562.1M | ||
| Q3 24 | $17.6M | $515.9M | ||
| Q2 24 | $24.3M | $468.0M |
总债务PZZARDDT
| Q1 26 | — | — | ||
| Q4 25 | $722.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PZZARDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $-444.8M | $2.9B | ||
| Q3 25 | $-439.3M | $2.6B | ||
| Q2 25 | $-432.0M | $2.4B | ||
| Q1 25 | $-431.9M | $2.2B | ||
| Q4 24 | $-429.5M | $2.1B | ||
| Q3 24 | $-430.9M | $2.0B | ||
| Q2 24 | $-461.7M | $1.9B |
总资产PZZARDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $837.5M | $3.2B | ||
| Q3 25 | $884.1M | $2.9B | ||
| Q2 25 | $890.4M | $2.6B | ||
| Q1 25 | $898.1M | $2.4B | ||
| Q4 24 | $889.0M | $2.3B | ||
| Q3 24 | $860.9M | $2.2B | ||
| Q2 24 | $838.4M | $2.1B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $2.1M | $311.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 46.9% |
| 资本支出强度资本支出/营收 | 3.6% | — |
| 现金转化率经营现金流/净利润 | 2.80× | — |
| 过去12个月自由现金流最近4个季度 | $61.3M | $868.6M |
8季度趋势，按日历期对齐
经营现金流PZZARDDT
| Q1 26 | — | — | ||
| Q4 25 | $19.8M | $266.8M | ||
| Q3 25 | $39.3M | $185.2M | ||
| Q2 25 | $35.5M | $111.3M | ||
| Q1 25 | $31.3M | $127.6M | ||
| Q4 24 | $50.7M | $90.0M | ||
| Q3 24 | $13.9M | $71.6M | ||
| Q2 24 | $30.0M | $28.4M |
自由现金流PZZARDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $2.1M | $263.6M | ||
| Q3 25 | $22.7M | $183.1M | ||
| Q2 25 | $17.4M | $110.8M | ||
| Q1 25 | $19.1M | $126.6M | ||
| Q4 24 | $25.2M | $89.2M | ||
| Q3 24 | $-3.8M | $70.3M | ||
| Q2 24 | $13.9M | $27.2M |
自由现金流率PZZARDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 0.4% | 36.3% | ||
| Q3 25 | 4.5% | 31.3% | ||
| Q2 25 | 3.3% | 22.2% | ||
| Q1 25 | 3.7% | 32.3% | ||
| Q4 24 | 4.7% | 20.8% | ||
| Q3 24 | -0.8% | 20.2% | ||
| Q2 24 | 2.7% | 9.7% |
资本支出强度PZZARDDT
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 0.4% | ||
| Q3 25 | 3.3% | 0.4% | ||
| Q2 25 | 3.4% | 0.1% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 4.8% | 0.2% | ||
| Q3 24 | 3.5% | 0.4% | ||
| Q2 24 | 3.2% | 0.4% |
现金转化率PZZARDDT
| Q1 26 | — | — | ||
| Q4 25 | 2.80× | 1.06× | ||
| Q3 25 | 8.36× | 1.14× | ||
| Q2 25 | 3.73× | 1.25× | ||
| Q1 25 | 3.40× | 4.88× | ||
| Q4 24 | 3.43× | 1.27× | ||
| Q3 24 | 0.33× | 2.40× | ||
| Q2 24 | 2.45× | — |
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
PZZA
| Commissary | $236.8M | 48% |
| Company Owned Restaurant Sales | $154.4M | 31% |
| Franchisor | $47.5M | 10% |
| Advertising | $37.2M | 7% |
| Other | $22.2M | 4% |
RDDT
暂无分部数据
