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道富集团（STT）与百胜餐饮集团（YUM）财务数据对比。点击上方公司名可切换其他公司
道富集团的季度营收约是百胜餐饮集团的1.5倍（$3.7B vs $2.5B），百胜餐饮集团净利率更高（21.3% vs 20.4%，领先0.9%），道富集团同比增速更快（7.5% vs 6.5%），道富集团自由现金流更多（$9.8B vs $482.0M），过去两年百胜餐饮集团的营收复合增速更高（25.5% vs 8.1%）
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
百胜餐饮集团是美国跨国快餐企业，前身为百事可乐1977年收购肯德基、必胜客、塔可贝尔后成立的子公司，1997年从百事可乐分拆独立。目前集团运营肯德基、必胜客、塔可贝尔、哈比特汉堡等知名餐饮品牌，同时持有多家科技公司为业务发展提供支持。
STT vs YUM — 直观对比
营收规模更大
STT
是对方的1.5倍
$2.5B
营收增速更快
STT
高出1.0%
6.5%
净利率更高
YUM
高出0.9%
20.4%
自由现金流更多
STT
多$9.3B
$482.0M
两年增速更快
YUM
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $2.5B |
| 净利润 | $747.0M | $535.0M |
| 毛利率 | — | 67.6% |
| 营业利润率 | 25.0% | 29.3% |
| 净利率 | 20.4% | 21.3% |
| 营收同比 | 7.5% | 6.5% |
| 净利润同比 | -4.6% | 26.5% |
| 每股收益（稀释后） | $2.41 | $1.91 |
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STTYUM
| Q4 25 | $3.7B | $2.5B | ||
| Q3 25 | $3.5B | $2.0B | ||
| Q2 25 | $3.4B | $1.9B | ||
| Q1 25 | $3.3B | $1.8B | ||
| Q4 24 | $3.4B | $2.4B | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $3.2B | $1.8B | ||
| Q1 24 | $3.1B | $1.6B |
净利润STTYUM
| Q4 25 | $747.0M | $535.0M | ||
| Q3 25 | $861.0M | $397.0M | ||
| Q2 25 | $693.0M | $374.0M | ||
| Q1 25 | $644.0M | $253.0M | ||
| Q4 24 | $783.0M | $423.0M | ||
| Q3 24 | $730.0M | $382.0M | ||
| Q2 24 | $711.0M | $367.0M | ||
| Q1 24 | $463.0M | $314.0M |
毛利率STTYUM
| Q4 25 | — | 67.6% | ||
| Q3 25 | — | 70.3% | ||
| Q2 25 | — | 71.0% | ||
| Q1 25 | — | 70.9% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | — | 71.4% | ||
| Q2 24 | — | 73.3% | ||
| Q1 24 | — | 75.0% |
营业利润率STTYUM
| Q4 25 | 25.0% | 29.3% | ||
| Q3 25 | 31.1% | 33.7% | ||
| Q2 25 | 25.8% | 32.2% | ||
| Q1 25 | 25.0% | 30.7% | ||
| Q4 24 | 28.1% | 27.8% | ||
| Q3 24 | 28.4% | 33.9% | ||
| Q2 24 | 28.6% | 34.4% | ||
| Q1 24 | 19.1% | 32.5% |
净利率STTYUM
| Q4 25 | 20.4% | 21.3% | ||
| Q3 25 | 24.3% | 20.1% | ||
| Q2 25 | 20.1% | 19.3% | ||
| Q1 25 | 19.6% | 14.2% | ||
| Q4 24 | 22.9% | 17.9% | ||
| Q3 24 | 22.4% | 20.9% | ||
| Q2 24 | 22.3% | 20.8% | ||
| Q1 24 | 14.8% | 19.6% |
每股收益（稀释后）STTYUM
| Q4 25 | $2.41 | $1.91 | ||
| Q3 25 | $2.78 | $1.41 | ||
| Q2 25 | $2.17 | $1.33 | ||
| Q1 25 | $2.04 | $0.90 | ||
| Q4 24 | $2.43 | $1.49 | ||
| Q3 24 | $2.26 | $1.35 | ||
| Q2 24 | $2.15 | $1.28 | ||
| Q1 24 | $1.37 | $1.10 |
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 | — | $709.0M |
| 总债务越低越好 | — | $11.9B |
| 股东权益账面价值 | $27.8B | $-7.3B |
| 总资产 | $366.0B | $8.2B |
| 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STTYUM
| Q4 25 | — | $709.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $677.0M | ||
| Q1 25 | — | $607.0M | ||
| Q4 24 | — | $707.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $520.0M | ||
| Q1 24 | — | $652.0M |
总债务STTYUM
| Q4 25 | — | $11.9B | ||
| Q3 25 | — | $11.5B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $11.3B | ||
| Q4 24 | — | $11.3B | ||
| Q3 24 | — | $11.2B | ||
| Q2 24 | — | $11.1B | ||
| Q1 24 | — | $11.1B |
股东权益STTYUM
| Q4 25 | $27.8B | $-7.3B | ||
| Q3 25 | $27.6B | $-7.5B | ||
| Q2 25 | $27.3B | $-7.7B | ||
| Q1 25 | $26.7B | $-7.8B | ||
| Q4 24 | $25.3B | $-7.6B | ||
| Q3 24 | $25.8B | $-7.7B | ||
| Q2 24 | $24.8B | $-7.6B | ||
| Q1 24 | $24.4B | $-7.8B |
总资产STTYUM
| Q4 25 | $366.0B | $8.2B | ||
| Q3 25 | $371.1B | $7.2B | ||
| Q2 25 | $376.7B | $6.9B | ||
| Q1 25 | $372.7B | $6.7B | ||
| Q4 24 | $353.2B | $6.7B | ||
| Q3 24 | $338.5B | $6.5B | ||
| Q2 24 | $325.6B | $6.4B | ||
| Q1 24 | $338.0B | $6.2B |
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 | $10.0B | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $9.8B | $482.0M |
| 自由现金流率自由现金流/营收 | 266.6% | 19.2% |
| 资本支出强度资本支出/营收 | 7.3% | 5.4% |
| 现金转化率经营现金流/净利润 | 13.44× | 1.15× |
| 过去12个月自由现金流最近4个季度 | $10.8B | $1.6B |
8季度趋势，按日历期对齐
经营现金流STTYUM
| Q4 25 | $10.0B | $617.0M | ||
| Q3 25 | $7.9B | $543.0M | ||
| Q2 25 | $-8.4B | $446.0M | ||
| Q1 25 | $2.4B | $404.0M | ||
| Q4 24 | $-7.4B | $513.0M | ||
| Q3 24 | $2.7B | $471.0M | ||
| Q2 24 | $-7.6B | $342.0M | ||
| Q1 24 | $-844.0M | $363.0M |
自由现金流STTYUM
| Q4 25 | $9.8B | $482.0M | ||
| Q3 25 | $7.7B | $449.0M | ||
| Q2 25 | $-8.8B | $375.0M | ||
| Q1 25 | $2.2B | $333.0M | ||
| Q4 24 | $-7.7B | $407.0M | ||
| Q3 24 | $2.5B | $419.0M | ||
| Q2 24 | $-7.9B | $292.0M | ||
| Q1 24 | $-1.1B | $314.0M |
自由现金流率STTYUM
| Q4 25 | 266.6% | 19.2% | ||
| Q3 25 | 216.0% | 22.7% | ||
| Q2 25 | -254.1% | 19.4% | ||
| Q1 25 | 66.1% | 18.6% | ||
| Q4 24 | -225.1% | 17.2% | ||
| Q3 24 | 75.9% | 22.9% | ||
| Q2 24 | -246.2% | 16.6% | ||
| Q1 24 | -34.2% | 19.6% |
资本支出强度STTYUM
| Q4 25 | 7.3% | 5.4% | ||
| Q3 25 | 6.9% | 4.7% | ||
| Q2 25 | 9.3% | 3.7% | ||
| Q1 25 | 6.9% | 4.0% | ||
| Q4 24 | 7.3% | 4.5% | ||
| Q3 24 | 7.2% | 2.8% | ||
| Q2 24 | 6.7% | 2.8% | ||
| Q1 24 | 7.3% | 3.1% |
现金转化率STTYUM
| Q4 25 | 13.44× | 1.15× | ||
| Q3 25 | 9.18× | 1.37× | ||
| Q2 25 | -12.18× | 1.19× | ||
| Q1 25 | 3.72× | 1.60× | ||
| Q4 24 | -9.49× | 1.21× | ||
| Q3 24 | 3.71× | 1.23× | ||
| Q2 24 | -10.75× | 0.93× | ||
| Q1 24 | -1.82× | 1.16× |
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
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
YUM
| Other | $1.5B | 59% |
| Advertising | $547.0M | 22% |
| Pizza Hut Global Division | $303.0M | 12% |
| The Habit Burger Grill Global Division | $174.0M | 7% |
| Real Estate | $4.0M | 0% |
