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Restaurant Brands International Inc.（QSR）与RPM INTERNATIONAL INC（RPM）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RPM INTERNATIONAL INC的1.3倍（$2.5B vs $1.9B），RPM INTERNATIONAL INC净利率更高（8.4% vs 6.3%，领先2.2%），Restaurant Brands International Inc.同比增速更快（7.4% vs 3.5%），Restaurant Brands International Inc.自由现金流更多（$453.0M vs $296.4M），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% vs 12.0%）
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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
QSR vs RPM — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.9B |
| 净利润 | $155.0M | $161.2M |
| 毛利率 | — | 40.8% |
| 营业利润率 | 25.2% | 11.0% |
| 净利率 | 6.3% | 8.4% |
| 营收同比 | 7.4% | 3.5% |
| 净利润同比 | -57.1% | -12.0% |
| 每股收益（稀释后） | $0.33 | $1.26 |
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 | $1.9B | ||
| Q3 25 | $2.4B | $2.1B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.3B | $2.0B | ||
| Q2 24 | $2.1B | $2.0B | ||
| Q1 24 | $1.7B | $1.5B |
| Q4 25 | $155.0M | $161.2M | ||
| Q3 25 | $436.0M | $227.6M | ||
| Q2 25 | $263.0M | $225.8M | ||
| Q1 25 | $221.0M | $52.0M | ||
| Q4 24 | $361.0M | $183.2M | ||
| Q3 24 | $357.0M | $227.7M | ||
| Q2 24 | $399.0M | $180.6M | ||
| Q1 24 | $328.0M | $61.2M |
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | — | 42.4% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | 65.2% | 39.9% |
| Q4 25 | 25.2% | 11.0% | ||
| Q3 25 | 27.1% | 14.1% | ||
| Q2 25 | 20.0% | 11.9% | ||
| Q1 25 | 20.6% | 2.8% | ||
| Q4 24 | 27.7% | 11.5% | ||
| Q3 24 | 25.2% | 14.8% | ||
| Q2 24 | 31.9% | 11.9% | ||
| Q1 24 | 31.3% | 5.5% |
| Q4 25 | 6.3% | 8.4% | ||
| Q3 25 | 17.8% | 10.8% | ||
| Q2 25 | 10.9% | 10.8% | ||
| Q1 25 | 10.5% | 3.5% | ||
| Q4 24 | 15.7% | 9.9% | ||
| Q3 24 | 15.6% | 11.6% | ||
| Q2 24 | 19.2% | 9.0% | ||
| Q1 24 | 18.9% | 4.0% |
| Q4 25 | $0.33 | $1.26 | ||
| Q3 25 | $0.96 | $1.77 | ||
| Q2 25 | $0.57 | $1.76 | ||
| Q1 25 | $0.49 | $0.40 | ||
| Q4 24 | $0.79 | $1.42 | ||
| Q3 24 | $0.79 | $1.77 | ||
| Q2 24 | $0.88 | $1.40 | ||
| Q1 24 | $0.72 | $0.47 |
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 | — | $316.6M |
| 总债务越低越好 | $13.3B | $2.5B |
| 股东权益账面价值 | $3.6B | $3.1B |
| 总资产 | $25.6B | $7.9B |
| 负债/权益比越低杠杆越低 | 3.65× | 0.80× |
8季度趋势，按日历期对齐
| Q4 25 | — | $316.6M | ||
| Q3 25 | — | $297.1M | ||
| Q2 25 | — | $302.1M | ||
| Q1 25 | — | $241.9M | ||
| Q4 24 | — | $268.7M | ||
| Q3 24 | — | $231.6M | ||
| Q2 24 | — | $237.4M | ||
| Q1 24 | — | $248.9M |
| Q4 25 | $13.3B | $2.5B | ||
| Q3 25 | $13.5B | $2.7B | ||
| Q2 25 | $13.6B | $2.6B | ||
| Q1 25 | $13.6B | $2.1B | ||
| Q4 24 | $13.6B | $2.0B | ||
| Q3 24 | $13.7B | $2.0B | ||
| Q2 24 | $13.7B | $2.0B | ||
| Q1 24 | $12.9B | $2.2B |
| Q4 25 | $3.6B | $3.1B | ||
| Q3 25 | $3.4B | $3.1B | ||
| Q2 25 | $3.3B | $2.9B | ||
| Q1 25 | $3.1B | $2.7B | ||
| Q4 24 | $3.1B | $2.7B | ||
| Q3 24 | $3.2B | $2.6B | ||
| Q2 24 | $3.1B | $2.5B | ||
| Q1 24 | $3.0B | $2.3B |
| Q4 25 | $25.6B | $7.9B | ||
| Q3 25 | $25.7B | $7.9B | ||
| Q2 25 | $25.7B | $7.8B | ||
| Q1 25 | $24.9B | $6.6B | ||
| Q4 24 | $24.6B | $6.7B | ||
| Q3 24 | $25.1B | $6.6B | ||
| Q2 24 | $24.8B | $6.6B | ||
| Q1 24 | $23.1B | $6.4B |
| Q4 25 | 3.65× | 0.80× | ||
| Q3 25 | 3.99× | 0.87× | ||
| Q2 25 | 4.10× | 0.91× | ||
| Q1 25 | 4.37× | 0.78× | ||
| Q4 24 | 4.39× | 0.74× | ||
| Q3 24 | 4.22× | 0.77× | ||
| Q2 24 | 4.46× | 0.79× | ||
| Q1 24 | 4.35× | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $453.0M | $296.4M |
| 自由现金流率自由现金流/营收 | 18.4% | 15.5% |
| 资本支出强度资本支出/营收 | 4.1% | 2.6% |
| 现金转化率经营现金流/净利润 | 3.58× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $582.9M |
8季度趋势，按日历期对齐
| Q4 25 | $555.0M | $345.7M | ||
| Q3 25 | $592.0M | $237.5M | ||
| Q2 25 | $449.0M | $149.2M | ||
| Q1 25 | $118.0M | $91.5M | ||
| Q4 24 | $481.0M | $279.4M | ||
| Q3 24 | $540.0M | $248.1M | ||
| Q2 24 | $334.0M | $181.2M | ||
| Q1 24 | $148.0M | $173.4M |
| Q4 25 | $453.0M | $296.4M | ||
| Q3 25 | $531.0M | $175.0M | ||
| Q2 25 | $411.0M | $78.2M | ||
| Q1 25 | $54.0M | $33.3M | ||
| Q4 24 | $404.0M | $229.5M | ||
| Q3 24 | $485.0M | $197.3M | ||
| Q2 24 | $291.0M | $105.3M | ||
| Q1 24 | $122.0M | $124.6M |
| Q4 25 | 18.4% | 15.5% | ||
| Q3 25 | 21.7% | 8.3% | ||
| Q2 25 | 17.1% | 3.8% | ||
| Q1 25 | 2.6% | 2.3% | ||
| Q4 24 | 17.6% | 12.4% | ||
| Q3 24 | 21.2% | 10.0% | ||
| Q2 24 | 14.0% | 5.2% | ||
| Q1 24 | 7.0% | 8.2% |
| Q4 25 | 4.1% | 2.6% | ||
| Q3 25 | 2.5% | 3.0% | ||
| Q2 25 | 1.6% | 3.4% | ||
| Q1 25 | 3.0% | 3.9% | ||
| Q4 24 | 3.4% | 2.7% | ||
| Q3 24 | 2.4% | 2.6% | ||
| Q2 24 | 2.1% | 3.8% | ||
| Q1 24 | 1.5% | 3.2% |
| Q4 25 | 3.58× | 2.14× | ||
| Q3 25 | 1.36× | 1.04× | ||
| Q2 25 | 1.71× | 0.66× | ||
| Q1 25 | 0.53× | 1.76× | ||
| Q4 24 | 1.33× | 1.53× | ||
| Q3 24 | 1.51× | 1.09× | ||
| Q2 24 | 0.84× | 1.00× | ||
| Q1 24 | 0.45× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
