vs
Restaurant Brands International Inc.（QSR）与Regions Financial Corporation（RF）财务数据对比。点击上方公司名可切换其他公司
Restaurant Brands International Inc.的季度营收约是Regions Financial Corporation的1.9倍（$2.5B vs $1.3B），Regions Financial Corporation净利率更高（41.7% vs 6.3%，领先35.4%），Restaurant Brands International Inc.同比增速更快（7.4% vs 4.1%），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% vs 4.0%）
Restaurant Brands International（简称RBI）是美加合资的跨国快餐控股企业，2014年由汉堡王与加拿大咖啡连锁品牌蒂姆·霍顿斯以125亿美元合并成立，后续先后收购Popeyes、Firehouse Subs两大品牌，现为全球第五大快餐运营商，规模仅次于赛百味、麦当劳、星巴克和百胜餐饮。
Regions Financial Corporation是美国银行控股企业，总部位于阿拉巴马州伯明翰市。公司提供零售及商业银行、信托、股票经纪、抵押贷款等服务，旗下银行业务子公司Regions Bank在美国南部和中西部15个州运营约1300家营业网点和2000台自动柜员机，服务大量当地个人及企业客户。
QSR vs RF — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.3B |
| 净利润 | $155.0M | $534.0M |
| 毛利率 | — | — |
| 营业利润率 | 25.2% | 55.3% |
| 净利率 | 6.3% | 41.7% |
| 营收同比 | 7.4% | 4.1% |
| 净利润同比 | -57.1% | 0.0% |
| 每股收益（稀释后） | $0.33 | $0.59 |
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
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.1B | $1.2B | ||
| Q1 24 | $1.7B | $1.2B |
| Q4 25 | $155.0M | $534.0M | ||
| Q3 25 | $436.0M | $569.0M | ||
| Q2 25 | $263.0M | $563.0M | ||
| Q1 25 | $221.0M | $490.0M | ||
| Q4 24 | $361.0M | $534.0M | ||
| Q3 24 | $357.0M | $490.0M | ||
| Q2 24 | $399.0M | $501.0M | ||
| Q1 24 | $328.0M | $368.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 65.2% | — |
| Q4 25 | 25.2% | 55.3% | ||
| Q3 25 | 27.1% | 56.3% | ||
| Q2 25 | 20.0% | 56.1% | ||
| Q1 25 | 20.6% | 52.0% | ||
| Q4 24 | 27.7% | 53.4% | ||
| Q3 24 | 25.2% | 49.9% | ||
| Q2 24 | 31.9% | 52.7% | ||
| Q1 24 | 31.3% | 39.2% |
| Q4 25 | 6.3% | 41.7% | ||
| Q3 25 | 17.8% | 45.3% | ||
| Q2 25 | 10.9% | 44.7% | ||
| Q1 25 | 10.5% | 41.0% | ||
| Q4 24 | 15.7% | 43.4% | ||
| Q3 24 | 15.6% | 40.2% | ||
| Q2 24 | 19.2% | 42.2% | ||
| Q1 24 | 18.9% | 31.1% |
| Q4 25 | $0.33 | $0.59 | ||
| Q3 25 | $0.96 | $0.61 | ||
| Q2 25 | $0.57 | $0.59 | ||
| Q1 25 | $0.49 | $0.51 | ||
| Q4 24 | $0.79 | $0.55 | ||
| Q3 24 | $0.79 | $0.49 | ||
| Q2 24 | $0.88 | $0.52 | ||
| Q1 24 | $0.72 | $0.37 |
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 | — | — |
| 总债务越低越好 | $13.3B | $4.1B |
| 股东权益账面价值 | $3.6B | $19.0B |
| 总资产 | $25.6B | $158.8B |
| 负债/权益比越低杠杆越低 | 3.65× | 0.22× |
8季度趋势，按日历期对齐
| Q4 25 | $13.3B | $4.1B | ||
| Q3 25 | $13.5B | $4.8B | ||
| Q2 25 | $13.6B | $5.3B | ||
| Q1 25 | $13.6B | $6.0B | ||
| Q4 24 | $13.6B | $6.0B | ||
| Q3 24 | $13.7B | $6.0B | ||
| Q2 24 | $13.7B | $5.1B | ||
| Q1 24 | $12.9B | $3.3B |
| Q4 25 | $3.6B | $19.0B | ||
| Q3 25 | $3.4B | $19.0B | ||
| Q2 25 | $3.3B | $18.7B | ||
| Q1 25 | $3.1B | $18.5B | ||
| Q4 24 | $3.1B | $17.9B | ||
| Q3 24 | $3.2B | $18.7B | ||
| Q2 24 | $3.1B | $17.2B | ||
| Q1 24 | $3.0B | $17.0B |
| Q4 25 | $25.6B | $158.8B | ||
| Q3 25 | $25.7B | $159.9B | ||
| Q2 25 | $25.7B | $159.2B | ||
| Q1 25 | $24.9B | $159.8B | ||
| Q4 24 | $24.6B | $157.3B | ||
| Q3 24 | $25.1B | $157.4B | ||
| Q2 24 | $24.8B | $154.1B | ||
| Q1 24 | $23.1B | $154.9B |
| Q4 25 | 3.65× | 0.22× | ||
| Q3 25 | 3.99× | 0.25× | ||
| Q2 25 | 4.10× | 0.28× | ||
| Q1 25 | 4.37× | 0.32× | ||
| Q4 24 | 4.39× | 0.34× | ||
| Q3 24 | 4.22× | 0.32× | ||
| Q2 24 | 4.46× | 0.30× | ||
| Q1 24 | 4.35× | 0.20× |
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 | $555.0M | $-319.0M |
| 自由现金流经营现金流 - 资本支出 | $453.0M | — |
| 自由现金流率自由现金流/营收 | 18.4% | — |
| 资本支出强度资本支出/营收 | 4.1% | — |
| 现金转化率经营现金流/净利润 | 3.58× | -0.60× |
| 过去12个月自由现金流最近4个季度 | $1.4B | — |
8季度趋势，按日历期对齐
| Q4 25 | $555.0M | $-319.0M | ||
| Q3 25 | $592.0M | $861.0M | ||
| Q2 25 | $449.0M | $573.0M | ||
| Q1 25 | $118.0M | $1.1B | ||
| Q4 24 | $481.0M | $-220.0M | ||
| Q3 24 | $540.0M | $1.3B | ||
| Q2 24 | $334.0M | $161.0M | ||
| Q1 24 | $148.0M | $396.0M |
| Q4 25 | $453.0M | — | ||
| Q3 25 | $531.0M | — | ||
| Q2 25 | $411.0M | — | ||
| Q1 25 | $54.0M | — | ||
| Q4 24 | $404.0M | — | ||
| Q3 24 | $485.0M | — | ||
| Q2 24 | $291.0M | — | ||
| Q1 24 | $122.0M | — |
| Q4 25 | 18.4% | — | ||
| Q3 25 | 21.7% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 21.2% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 7.0% | — |
| Q4 25 | 4.1% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 3.58× | -0.60× | ||
| Q3 25 | 1.36× | 1.51× | ||
| Q2 25 | 1.71× | 1.02× | ||
| Q1 25 | 0.53× | 2.18× | ||
| Q4 24 | 1.33× | -0.41× | ||
| Q3 24 | 1.51× | 2.57× | ||
| Q2 24 | 0.84× | 0.32× | ||
| Q1 24 | 0.45× | 1.08× |
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
QSR
| CA | $1.0B | 41% |
| Other | $330.0M | 13% |
| Advertising | $308.0M | 12% |
| Others | $284.0M | 12% |
| Popeyes Louisiana Kitchen | $195.0M | 8% |
| Burger King | $185.0M | 8% |
| Royalty | $87.0M | 4% |
| Firehouse Subs | $59.0M | 2% |
| Franchisor | $7.0M | 0% |
RF
| Consumer Bank | $747.0M | 58% |
| Corporate Bank | $487.0M | 38% |
| Wealth Management | $47.0M | 4% |
