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Restaurant Brands International Inc.（QSR）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
Restaurant Brands International Inc.的季度营收约是瑞思迈的1.7倍（$2.5B vs $1.4B），瑞思迈净利率更高（27.6% vs 6.3%，领先21.3%），瑞思迈同比增速更快（11.0% vs 7.4%），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% vs 7.9%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
QSR vs RMD — 直观对比
营收规模更大
QSR
是对方的1.7倍
$1.4B
营收增速更快
RMD
高出3.6%
7.4%
净利率更高
RMD
高出21.3%
6.3%
两年增速更快
QSR
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.4B |
| 净利润 | $155.0M | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 25.2% | 34.6% |
| 净利率 | 6.3% | 27.6% |
| 营收同比 | 7.4% | 11.0% |
| 净利润同比 | -57.1% | 13.9% |
| 每股收益（稀释后） | $0.33 | $2.68 |
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QSRRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.1B | $1.2B |
净利润QSRRMD
| Q2 26 | — | $392.6M | ||
| Q4 25 | $155.0M | $392.6M | ||
| Q3 25 | $436.0M | $348.5M | ||
| Q2 25 | $263.0M | $379.7M | ||
| Q1 25 | $221.0M | $365.0M | ||
| Q4 24 | $361.0M | $344.6M | ||
| Q3 24 | $357.0M | $311.4M | ||
| Q2 24 | $399.0M | $292.2M |
毛利率QSRRMD
| Q2 26 | — | 61.8% | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% | ||
| Q2 24 | — | 58.5% |
营业利润率QSRRMD
| Q2 26 | — | 34.6% | ||
| Q4 25 | 25.2% | 34.6% | ||
| Q3 25 | 27.1% | 33.4% | ||
| Q2 25 | 20.0% | 33.7% | ||
| Q1 25 | 20.6% | 33.0% | ||
| Q4 24 | 27.7% | 32.5% | ||
| Q3 24 | 25.2% | 31.6% | ||
| Q2 24 | 31.9% | 31.2% |
净利率QSRRMD
| Q2 26 | — | 27.6% | ||
| Q4 25 | 6.3% | 27.6% | ||
| Q3 25 | 17.8% | 26.1% | ||
| Q2 25 | 10.9% | 28.2% | ||
| Q1 25 | 10.5% | 28.3% | ||
| Q4 24 | 15.7% | 26.9% | ||
| Q3 24 | 15.6% | 25.4% | ||
| Q2 24 | 19.2% | 23.9% |
每股收益（稀释后）QSRRMD
| Q2 26 | — | $2.68 | ||
| Q4 25 | $0.33 | $2.68 | ||
| Q3 25 | $0.96 | $2.37 | ||
| Q2 25 | $0.57 | $2.58 | ||
| Q1 25 | $0.49 | $2.48 | ||
| Q4 24 | $0.79 | $2.34 | ||
| Q3 24 | $0.79 | $2.11 | ||
| Q2 24 | $0.88 | $1.97 |
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 | — | $1.4B |
| 总债务越低越好 | $13.3B | $663.8M |
| 股东权益账面价值 | $3.6B | $6.3B |
| 总资产 | $25.6B | $8.5B |
| 负债/权益比越低杠杆越低 | 3.65× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资QSRRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $932.7M | ||
| Q4 24 | — | $521.9M | ||
| Q3 24 | — | $426.4M | ||
| Q2 24 | — | $238.4M |
总债务QSRRMD
| Q2 26 | — | $663.8M | ||
| Q4 25 | $13.3B | $403.9M | ||
| Q3 25 | $13.5B | $408.7M | ||
| Q2 25 | $13.6B | $658.4M | ||
| Q1 25 | $13.6B | $663.1M | ||
| Q4 24 | $13.6B | $662.9M | ||
| Q3 24 | $13.7B | $667.6M | ||
| Q2 24 | $13.7B | $697.3M |
股东权益QSRRMD
| Q2 26 | — | $6.3B | ||
| Q4 25 | $3.6B | $6.3B | ||
| Q3 25 | $3.4B | $6.1B | ||
| Q2 25 | $3.3B | $6.0B | ||
| Q1 25 | $3.1B | $5.5B | ||
| Q4 24 | $3.1B | $5.3B | ||
| Q3 24 | $3.2B | $5.2B | ||
| Q2 24 | $3.1B | $4.9B |
总资产QSRRMD
| Q2 26 | — | $8.5B | ||
| Q4 25 | $25.6B | $8.5B | ||
| Q3 25 | $25.7B | $8.3B | ||
| Q2 25 | $25.7B | $8.2B | ||
| Q1 25 | $24.9B | $7.6B | ||
| Q4 24 | $24.6B | $7.1B | ||
| Q3 24 | $25.1B | $7.2B | ||
| Q2 24 | $24.8B | $6.9B |
负债/权益比QSRRMD
| Q2 26 | — | 0.11× | ||
| Q4 25 | 3.65× | 0.06× | ||
| Q3 25 | 3.99× | 0.07× | ||
| Q2 25 | 4.10× | 0.11× | ||
| Q1 25 | 4.37× | 0.12× | ||
| Q4 24 | 4.39× | 0.13× | ||
| Q3 24 | 4.22× | 0.13× | ||
| Q2 24 | 4.46× | 0.14× |
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 | — |
| 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× | — |
| 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
经营现金流QSRRMD
| Q2 26 | — | — | ||
| Q4 25 | $555.0M | $339.7M | ||
| Q3 25 | $592.0M | $457.3M | ||
| Q2 25 | $449.0M | $538.8M | ||
| Q1 25 | $118.0M | $578.7M | ||
| Q4 24 | $481.0M | $308.6M | ||
| Q3 24 | $540.0M | $325.5M | ||
| Q2 24 | $334.0M | $440.1M |
自由现金流QSRRMD
| Q2 26 | — | — | ||
| Q4 25 | $453.0M | $311.2M | ||
| Q3 25 | $531.0M | $414.4M | ||
| Q2 25 | $411.0M | $508.2M | ||
| Q1 25 | $54.0M | $557.9M | ||
| Q4 24 | $404.0M | $288.0M | ||
| Q3 24 | $485.0M | $307.7M | ||
| Q2 24 | $291.0M | $415.2M |
自由现金流率QSRRMD
| Q2 26 | — | — | ||
| Q4 25 | 18.4% | 21.9% | ||
| Q3 25 | 21.7% | 31.0% | ||
| Q2 25 | 17.1% | 37.7% | ||
| Q1 25 | 2.6% | 43.2% | ||
| Q4 24 | 17.6% | 22.5% | ||
| Q3 24 | 21.2% | 25.1% | ||
| Q2 24 | 14.0% | 33.9% |
资本支出强度QSRRMD
| Q2 26 | — | — | ||
| Q4 25 | 4.1% | 2.0% | ||
| Q3 25 | 2.5% | 3.2% | ||
| Q2 25 | 1.6% | 2.3% | ||
| Q1 25 | 3.0% | 1.6% | ||
| Q4 24 | 3.4% | 1.6% | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 2.1% | 2.0% |
现金转化率QSRRMD
| Q2 26 | — | — | ||
| Q4 25 | 3.58× | 0.87× | ||
| Q3 25 | 1.36× | 1.31× | ||
| Q2 25 | 1.71× | 1.42× | ||
| Q1 25 | 0.53× | 1.59× | ||
| Q4 24 | 1.33× | 0.90× | ||
| Q3 24 | 1.51× | 1.05× | ||
| Q2 24 | 0.84× | 1.51× |
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% |
RMD
暂无分部数据
