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棒约翰（PZZA）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是棒约翰的1.7倍（$828.2M vs $498.2M），Rithm Capital Corp.净利率更高（13.2% vs 1.4%，领先11.8%），Rithm Capital Corp.同比增速更快（508.5% vs -6.1%），过去两年棒约翰的营收复合增速更高（-1.5% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
PZZA vs RITM — 直观对比
营收规模更大
RITM
是对方的1.7倍
$498.2M
营收增速更快
RITM
高出514.6%
-6.1%
净利率更高
RITM
高出11.8%
1.4%
两年增速更快
PZZA
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $498.2M | $828.2M |
| 净利润 | $7.1M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 4.9% | 29.9% |
| 净利率 | 1.4% | 13.2% |
| 营收同比 | -6.1% | 508.5% |
| 净利润同比 | -52.2% | 27.7% |
| 每股收益（稀释后） | $0.22 | $0.12 |
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PZZARITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $498.2M | $1.5B | ||
| Q3 25 | $508.2M | $1.1B | ||
| Q2 25 | $529.2M | $1.2B | ||
| Q1 25 | $518.3M | $768.4M | ||
| Q4 24 | $530.8M | $2.1B | ||
| Q3 24 | $506.8M | $619.5M | ||
| Q2 24 | $507.9M | $1.2B |
净利润PZZARITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $7.1M | $85.0M | ||
| Q3 25 | $4.7M | $221.5M | ||
| Q2 25 | $9.5M | $311.7M | ||
| Q1 25 | $9.2M | $78.8M | ||
| Q4 24 | $14.8M | $290.2M | ||
| Q3 24 | $41.8M | $121.7M | ||
| Q2 24 | $12.2M | $235.6M |
营业利润率PZZARITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 4.9% | 13.8% | ||
| Q3 25 | 3.2% | 21.4% | ||
| Q2 25 | 4.6% | 25.2% | ||
| Q1 25 | 4.6% | 7.4% | ||
| Q4 24 | 5.6% | 23.8% | ||
| Q3 24 | 12.9% | 7.3% | ||
| Q2 24 | 5.6% | 23.6% |
净利率PZZARITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 1.4% | 5.7% | ||
| Q3 25 | 0.9% | 20.0% | ||
| Q2 25 | 1.8% | 25.6% | ||
| Q1 25 | 1.8% | 10.3% | ||
| Q4 24 | 2.8% | 14.0% | ||
| Q3 24 | 8.2% | 19.7% | ||
| Q2 24 | 2.4% | 19.2% |
每股收益（稀释后）PZZARITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.22 | $0.09 | ||
| Q3 25 | $0.13 | $0.35 | ||
| Q2 25 | $0.28 | $0.53 | ||
| Q1 25 | $0.27 | $0.07 | ||
| Q4 24 | $0.46 | $0.50 | ||
| Q3 24 | $1.27 | $0.20 | ||
| Q2 24 | $0.37 | $0.43 |
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 | — |
| 总债务越低越好 | $722.3M | — |
| 股东权益账面价值 | $-444.8M | $9.1B |
| 总资产 | $837.5M | $53.4B |
| 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PZZARITM
| Q1 26 | — | — | ||
| Q4 25 | $34.6M | $1.8B | ||
| Q3 25 | $39.0M | $1.6B | ||
| Q2 25 | $33.3M | $1.6B | ||
| Q1 25 | $44.0M | $1.5B | ||
| Q4 24 | $38.0M | $1.5B | ||
| Q3 24 | $17.6M | $1.6B | ||
| Q2 24 | $24.3M | $1.2B |
总债务PZZARITM
| Q1 26 | — | — | ||
| Q4 25 | $722.3M | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益PZZARITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $-444.8M | $8.4B | ||
| Q3 25 | $-439.3M | $8.5B | ||
| Q2 25 | $-432.0M | $7.9B | ||
| Q1 25 | $-431.9M | $7.8B | ||
| Q4 24 | $-429.5M | $7.8B | ||
| Q3 24 | $-430.9M | $7.7B | ||
| Q2 24 | $-461.7M | $7.3B |
总资产PZZARITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $837.5M | $53.1B | ||
| Q3 25 | $884.1M | $47.2B | ||
| Q2 25 | $890.4M | $44.3B | ||
| Q1 25 | $898.1M | $45.3B | ||
| Q4 24 | $889.0M | $46.0B | ||
| Q3 24 | $860.9M | $42.3B | ||
| Q2 24 | $838.4M | $42.0B |
负债/权益比PZZARITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 自由现金流率自由现金流/营收 | 0.4% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流PZZARITM
| Q1 26 | — | — | ||
| Q4 25 | $19.8M | $-114.6M | ||
| Q3 25 | $39.3M | $-2.0B | ||
| Q2 25 | $35.5M | $-557.1M | ||
| Q1 25 | $31.3M | $1.4B | ||
| Q4 24 | $50.7M | $-1.8B | ||
| Q3 24 | $13.9M | $768.1M | ||
| Q2 24 | $30.0M | $-55.7M |
自由现金流PZZARITM
| Q1 26 | — | — | ||
| Q4 25 | $2.1M | — | ||
| Q3 25 | $22.7M | — | ||
| Q2 25 | $17.4M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $-3.8M | — | ||
| Q2 24 | $13.9M | — |
自由现金流率PZZARITM
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | -0.8% | — | ||
| Q2 24 | 2.7% | — |
资本支出强度PZZARITM
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 3.5% | — | ||
| Q2 24 | 3.2% | — |
现金转化率PZZARITM
| Q1 26 | — | — | ||
| Q4 25 | 2.80× | -1.35× | ||
| Q3 25 | 8.36× | -9.22× | ||
| Q2 25 | 3.73× | -1.79× | ||
| Q1 25 | 3.40× | 18.03× | ||
| Q4 24 | 3.43× | -6.04× | ||
| Q3 24 | 0.33× | 6.31× | ||
| Q2 24 | 2.45× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
