vs
United Rentals（URI）与百胜中国（YUMC）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是百胜中国的1.4倍（$4.0B vs $2.8B），United Rentals净利率更高（13.3% vs 5.0%，领先8.4%），百胜中国同比增速更快（8.8% vs 7.2%），United Rentals自由现金流更多（$1.1B vs $-116.0M），过去两年United Rentals的营收复合增速更高（114.0% vs -2.3%）
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
百胜中国是总部位于上海的世界500强快餐企业，2016年从百胜餐饮集团分拆独立上市，获百胜餐饮集团商标授权，按全系统销售额的3%支付授权费。目前在国内1100多座城市运营超8400家餐厅，全球门店总数超10600家，年营收达95亿美元，是全球规模最大的餐饮企业之一。
URI vs YUMC — 直观对比
营收规模更大
URI
是对方的1.4倍
$2.8B
营收增速更快
YUMC
高出1.6%
7.2%
净利率更高
URI
高出8.4%
5.0%
自由现金流更多
URI
多$1.2B
$-116.0M
两年增速更快
URI
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.8B |
| 净利润 | $531.0M | $140.0M |
| 毛利率 | 36.9% | — |
| 营业利润率 | 21.8% | 6.6% |
| 净利率 | 13.3% | 5.0% |
| 营收同比 | 7.2% | 8.8% |
| 净利润同比 | 2.5% | 21.7% |
| 每股收益（稀释后） | $8.43 | $0.40 |
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URIYUMC
| Q1 26 | $4.0B | — | ||
| Q4 25 | $992.0M | $2.8B | ||
| Q3 25 | $938.0M | $3.2B | ||
| Q2 25 | $872.0M | $2.8B | ||
| Q1 25 | $893.0M | $3.0B | ||
| Q4 24 | $1.0B | $2.6B | ||
| Q3 24 | $874.0M | $3.1B | ||
| Q2 24 | $870.0M | $2.7B |
净利润URIYUMC
| Q1 26 | $531.0M | — | ||
| Q4 25 | $653.0M | $140.0M | ||
| Q3 25 | $701.0M | $282.0M | ||
| Q2 25 | $622.0M | $215.0M | ||
| Q1 25 | $518.0M | $292.0M | ||
| Q4 24 | $689.0M | $115.0M | ||
| Q3 24 | $708.0M | $297.0M | ||
| Q2 24 | $636.0M | $212.0M |
毛利率URIYUMC
| Q1 26 | 36.9% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率URIYUMC
| Q1 26 | 21.8% | — | ||
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | 90.0% | 13.4% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | 9.9% |
净利率URIYUMC
| Q1 26 | 13.3% | — | ||
| Q4 25 | 65.8% | 5.0% | ||
| Q3 25 | 74.7% | 8.8% | ||
| Q2 25 | 71.3% | 7.7% | ||
| Q1 25 | 58.0% | 9.8% | ||
| Q4 24 | 67.6% | 4.4% | ||
| Q3 24 | 81.0% | 9.7% | ||
| Q2 24 | 73.1% | 7.9% |
每股收益（稀释后）URIYUMC
| Q1 26 | $8.43 | — | ||
| Q4 25 | $10.20 | $0.40 | ||
| Q3 25 | $10.91 | $0.76 | ||
| Q2 25 | $9.59 | $0.58 | ||
| Q1 25 | $7.91 | $0.77 | ||
| Q4 24 | $10.41 | $0.30 | ||
| Q3 24 | $10.70 | $0.77 | ||
| Q2 24 | $9.54 | $0.55 |
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 | $156.0M | $1.4B |
| 总债务越低越好 | $13.9B | — |
| 股东权益账面价值 | $9.0B | $5.4B |
| 总资产 | $29.9B | $10.8B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资URIYUMC
| Q1 26 | $156.0M | — | ||
| Q4 25 | $459.0M | $1.4B | ||
| Q3 25 | $512.0M | $2.1B | ||
| Q2 25 | $548.0M | $2.2B | ||
| Q1 25 | $542.0M | $2.0B | ||
| Q4 24 | $457.0M | $1.8B | ||
| Q3 24 | $479.0M | $2.5B | ||
| Q2 24 | $467.0M | $2.5B |
总债务URIYUMC
| Q1 26 | $13.9B | — | ||
| Q4 25 | $12.7B | — | ||
| Q3 25 | $12.6B | — | ||
| Q2 25 | $12.1B | — | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $12.2B | — | ||
| Q3 24 | $11.9B | — | ||
| Q2 24 | $11.5B | — |
股东权益URIYUMC
| Q1 26 | $9.0B | — | ||
| Q4 25 | $9.0B | $5.4B | ||
| Q3 25 | $9.0B | $5.7B | ||
| Q2 25 | $9.0B | $5.8B | ||
| Q1 25 | $8.8B | $5.8B | ||
| Q4 24 | $8.6B | $5.7B | ||
| Q3 24 | $8.6B | $6.0B | ||
| Q2 24 | $8.3B | $5.8B |
总资产URIYUMC
| Q1 26 | $29.9B | — | ||
| Q4 25 | $29.9B | $10.8B | ||
| Q3 25 | $30.1B | $11.0B | ||
| Q2 25 | $29.2B | $11.0B | ||
| Q1 25 | $28.1B | $11.0B | ||
| Q4 24 | $28.2B | $11.1B | ||
| Q3 24 | $28.4B | $11.8B | ||
| Q2 24 | $27.6B | $11.6B |
负债/权益比URIYUMC
| Q1 26 | 1.55× | — | ||
| Q4 25 | 1.41× | — | ||
| Q3 25 | 1.40× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.31× | — | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | 1.39× | — |
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 | $1.5B | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $-116.0M |
| 自由现金流率自由现金流/营收 | 26.4% | -4.1% |
| 资本支出强度资本支出/营收 | — | 8.5% |
| 现金转化率经营现金流/净利润 | 2.85× | 0.89× |
| 过去12个月自由现金流最近4个季度 | — | $840.0M |
8季度趋势，按日历期对齐
经营现金流URIYUMC
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.3B | $125.0M | ||
| Q3 25 | $1.2B | $477.0M | ||
| Q2 25 | $1.3B | $412.0M | ||
| Q1 25 | $1.4B | $452.0M | ||
| Q4 24 | $1.0B | $167.0M | ||
| Q3 24 | $1.2B | $409.0M | ||
| Q2 24 | $1.3B | $401.0M |
自由现金流URIYUMC
| Q1 26 | $1.1B | — | ||
| Q4 25 | — | $-116.0M | ||
| Q3 25 | — | $351.0M | ||
| Q2 25 | — | $290.0M | ||
| Q1 25 | — | $315.0M | ||
| Q4 24 | $471.0M | $-15.0M | ||
| Q3 24 | $-168.0M | $244.0M | ||
| Q2 24 | $-263.0M | $232.0M |
自由现金流率URIYUMC
| Q1 26 | 26.4% | — | ||
| Q4 25 | — | -4.1% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 10.6% | ||
| Q4 24 | 46.2% | -0.6% | ||
| Q3 24 | -19.2% | 7.9% | ||
| Q2 24 | -30.2% | 8.7% |
资本支出强度URIYUMC
| Q1 26 | — | — | ||
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | 56.6% | 7.0% | ||
| Q3 24 | 157.0% | 5.4% | ||
| Q2 24 | 175.6% | 6.3% |
现金转化率URIYUMC
| Q1 26 | 2.85× | — | ||
| Q4 25 | 1.92× | 0.89× | ||
| Q3 25 | 1.68× | 1.69× | ||
| Q2 25 | 2.14× | 1.92× | ||
| Q1 25 | 2.75× | 1.55× | ||
| Q4 24 | 1.52× | 1.45× | ||
| Q3 24 | 1.70× | 1.38× | ||
| Q2 24 | 1.99× | 1.89× |
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
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
YUMC
| Revenue From External Customers | $2.1B | 75% |
| Pizza Hut | $540.0M | 19% |
| Corporate And Unallocated | $105.0M | 4% |
| Other Revenue | $45.0M | 2% |
| Franchise Fees And Income | $25.0M | 1% |
