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棒约翰（PZZA）与红罗宾美食汉堡（RRGB）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红罗宾美食汉堡的1.8倍（$498.2M vs $283.7M），棒约翰净利率更高（1.4% vs 1.4%，领先0.0%），红罗宾美食汉堡同比增速更快（-5.5% vs -6.1%），红罗宾美食汉堡自由现金流更多（$3.4M vs $2.1M），过去两年棒约翰的营收复合增速更高（-1.5% vs -15.3%）
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。
红罗宾美食汉堡公司是总部位于美国的休闲餐饮连锁品牌，主打多款风味丰富的精品汉堡，同时供应开胃小食、招牌奶昔、沙拉、三明治等餐品，在全美多州开设门店，提供堂食、外带服务，主打适合全年龄段的家庭友好消费场景。
PZZA vs RRGB — 直观对比
营收规模更大
PZZA
是对方的1.8倍
$283.7M
营收增速更快
RRGB
高出0.7%
-6.1%
净利率更高
PZZA
高出0.0%
1.4%
自由现金流更多
RRGB
多$1.3M
$2.1M
两年增速更快
PZZA
近两年复合增速
-15.3%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $498.2M | $283.7M |
| 净利润 | $7.1M | $4.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.9% | 3.5% |
| 净利率 | 1.4% | 1.4% |
| 营收同比 | -6.1% | -5.5% |
| 净利润同比 | -52.2% | 142.1% |
| 每股收益（稀释后） | $0.22 | $0.21 |
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PZZARRGB
| Q4 25 | $498.2M | — | ||
| Q3 25 | $508.2M | $283.7M | ||
| Q2 25 | $529.2M | $392.4M | ||
| Q1 25 | $518.3M | — | ||
| Q4 24 | $530.8M | — | ||
| Q3 24 | $506.8M | $300.2M | ||
| Q2 24 | $507.9M | $388.5M | ||
| Q1 24 | $513.9M | — |
净利润PZZARRGB
| Q4 25 | $7.1M | — | ||
| Q3 25 | $4.7M | $4.0M | ||
| Q2 25 | $9.5M | $1.2M | ||
| Q1 25 | $9.2M | — | ||
| Q4 24 | $14.8M | — | ||
| Q3 24 | $41.8M | $-9.5M | ||
| Q2 24 | $12.2M | $-9.5M | ||
| Q1 24 | $14.6M | — |
营业利润率PZZARRGB
| Q4 25 | 4.9% | — | ||
| Q3 25 | 3.2% | 3.5% | ||
| Q2 25 | 4.6% | 2.3% | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 12.9% | -1.5% | ||
| Q2 24 | 5.6% | -0.5% | ||
| Q1 24 | 6.6% | — |
净利率PZZARRGB
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.9% | 1.4% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 8.2% | -3.2% | ||
| Q2 24 | 2.4% | -2.4% | ||
| Q1 24 | 2.8% | — |
每股收益（稀释后）PZZARRGB
| Q4 25 | $0.22 | — | ||
| Q3 25 | $0.13 | $0.21 | ||
| Q2 25 | $0.28 | $0.07 | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $0.46 | — | ||
| Q3 24 | $1.27 | $-0.61 | ||
| Q2 24 | $0.37 | $-0.61 | ||
| Q1 24 | $0.44 | — |
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 | $24.4M |
| 总债务越低越好 | $722.3M | — |
| 股东权益账面价值 | $-444.8M | $-78.6M |
| 总资产 | $837.5M | $586.9M |
| 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PZZARRGB
| Q4 25 | $34.6M | — | ||
| Q3 25 | $39.0M | $24.4M | ||
| Q2 25 | $33.3M | $24.1M | ||
| Q1 25 | $44.0M | — | ||
| Q4 24 | $38.0M | — | ||
| Q3 24 | $17.6M | $23.1M | ||
| Q2 24 | $24.3M | $30.6M | ||
| Q1 24 | $27.8M | — |
总债务PZZARRGB
| Q4 25 | $722.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PZZARRGB
| Q4 25 | $-444.8M | — | ||
| Q3 25 | $-439.3M | $-78.6M | ||
| Q2 25 | $-432.0M | $-80.4M | ||
| Q1 25 | $-431.9M | — | ||
| Q4 24 | $-429.5M | — | ||
| Q3 24 | $-430.9M | $-36.5M | ||
| Q2 24 | $-461.7M | $-29.1M | ||
| Q1 24 | $-461.9M | — |
总资产PZZARRGB
| Q4 25 | $837.5M | — | ||
| Q3 25 | $884.1M | $586.9M | ||
| Q2 25 | $890.4M | $606.2M | ||
| Q1 25 | $898.1M | — | ||
| Q4 24 | $889.0M | — | ||
| Q3 24 | $860.9M | $689.1M | ||
| Q2 24 | $838.4M | $717.1M | ||
| Q1 24 | $847.2M | — |
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 | $9.9M |
| 自由现金流经营现金流 - 资本支出 | $2.1M | $3.4M |
| 自由现金流率自由现金流/营收 | 0.4% | 1.2% |
| 资本支出强度资本支出/营收 | 3.6% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.80× | 2.49× |
| 过去12个月自由现金流最近4个季度 | $61.3M | $11.4M |
8季度趋势，按日历期对齐
经营现金流PZZARRGB
| Q4 25 | $19.8M | — | ||
| Q3 25 | $39.3M | $9.9M | ||
| Q2 25 | $35.5M | $19.6M | ||
| Q1 25 | $31.3M | — | ||
| Q4 24 | $50.7M | — | ||
| Q3 24 | $13.9M | $512.0K | ||
| Q2 24 | $30.0M | $13.7M | ||
| Q1 24 | $12.0M | — |
自由现金流PZZARRGB
| Q4 25 | $2.1M | — | ||
| Q3 25 | $22.7M | $3.4M | ||
| Q2 25 | $17.4M | $7.6M | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $-3.8M | $-5.1M | ||
| Q2 24 | $13.9M | $5.5M | ||
| Q1 24 | $-1.1M | — |
自由现金流率PZZARRGB
| Q4 25 | 0.4% | — | ||
| Q3 25 | 4.5% | 1.2% | ||
| Q2 25 | 3.3% | 1.9% | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | -0.8% | -1.7% | ||
| Q2 24 | 2.7% | 1.4% | ||
| Q1 24 | -0.2% | — |
资本支出强度PZZARRGB
| Q4 25 | 3.6% | — | ||
| Q3 25 | 3.3% | 2.3% | ||
| Q2 25 | 3.4% | 3.1% | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 3.5% | 1.9% | ||
| Q2 24 | 3.2% | 2.1% | ||
| Q1 24 | 2.5% | — |
现金转化率PZZARRGB
| Q4 25 | 2.80× | — | ||
| Q3 25 | 8.36× | 2.49× | ||
| Q2 25 | 3.73× | 15.67× | ||
| Q1 25 | 3.40× | — | ||
| Q4 24 | 3.43× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 2.45× | — | ||
| 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% |
RRGB
| Food And Beverage | $279.3M | 98% |
| Franchise | $3.2M | 1% |
| Products And Services Gift Card | $1.8M | 1% |
| Product And Service Gift Card And Other | $1.2M | 0% |
