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US Foods Holding Corp.（USFD）与Block, Inc.（XYZ）财务数据对比。点击上方公司名可切换其他公司
US Foods Holding Corp.的季度营收约是Block, Inc.的1.6倍（$9.8B vs $6.3B），US Foods Holding Corp.净利率更高（1.9% vs 1.9%，领先0.0%），Block, Inc.同比增速更快（3.6% vs 3.3%），Block, Inc.自由现金流更多（$579.8M vs $159.0M），过去两年US Foods Holding Corp.的营收复合增速更高（4.6% vs 2.4%）
US Foods Holding Corp.是美国第二大食品服务分销商，规模仅次于Sysco。公司服务覆盖独立餐厅、连锁餐饮、医疗保健、酒店、教育机构等共计25万个场点，为各类客户提供食品配送及相关供应链服务，业务覆盖场景十分多元。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
USFD vs XYZ — 直观对比
营收规模更大
USFD
是对方的1.6倍
$6.3B
营收增速更快
XYZ
高出0.4%
3.3%
净利率更高
USFD
高出0.0%
1.9%
自由现金流更多
XYZ
多$420.8M
$159.0M
两年增速更快
USFD
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $9.8B | $6.3B |
| 净利润 | $184.0M | $115.8M |
| 毛利率 | 17.6% | 45.9% |
| 营业利润率 | 3.3% | 7.8% |
| 净利率 | 1.9% | 1.9% |
| 营收同比 | 3.3% | 3.6% |
| 净利润同比 | 178.8% | -94.1% |
| 每股收益（稀释后） | $0.82 | $0.19 |
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USFDXYZ
| Q4 25 | $9.8B | $6.3B | ||
| Q3 25 | $10.2B | $6.1B | ||
| Q2 25 | $10.1B | $6.1B | ||
| Q1 25 | $9.4B | $5.8B | ||
| Q4 24 | $9.5B | $6.0B | ||
| Q3 24 | $9.7B | $6.0B | ||
| Q2 24 | $9.7B | $6.2B | ||
| Q1 24 | $8.9B | $6.0B |
净利润USFDXYZ
| Q4 25 | $184.0M | $115.8M | ||
| Q3 25 | $153.0M | $461.5M | ||
| Q2 25 | $224.0M | $538.5M | ||
| Q1 25 | $115.0M | $189.9M | ||
| Q4 24 | $66.0M | $1.9B | ||
| Q3 24 | $148.0M | $283.8M | ||
| Q2 24 | $198.0M | $195.3M | ||
| Q1 24 | $82.0M | $472.0M |
毛利率USFDXYZ
| Q4 25 | 17.6% | 45.9% | ||
| Q3 25 | 17.2% | 43.5% | ||
| Q2 25 | 17.6% | 41.9% | ||
| Q1 25 | 17.3% | 39.7% | ||
| Q4 24 | 17.6% | 38.3% | ||
| Q3 24 | 17.1% | 37.6% | ||
| Q2 24 | 17.6% | 36.3% | ||
| Q1 24 | 16.7% | 35.2% |
营业利润率USFDXYZ
| Q4 25 | 3.3% | 7.8% | ||
| Q3 25 | 2.8% | 6.7% | ||
| Q2 25 | 3.7% | 8.0% | ||
| Q1 25 | 2.4% | 5.7% | ||
| Q4 24 | 3.2% | 0.2% | ||
| Q3 24 | 2.9% | 5.4% | ||
| Q2 24 | 3.6% | 5.0% | ||
| Q1 24 | 1.8% | 4.2% |
净利率USFDXYZ
| Q4 25 | 1.9% | 1.9% | ||
| Q3 25 | 1.5% | 7.5% | ||
| Q2 25 | 2.2% | 8.9% | ||
| Q1 25 | 1.2% | 3.3% | ||
| Q4 24 | 0.7% | 32.3% | ||
| Q3 24 | 1.5% | 4.7% | ||
| Q2 24 | 2.0% | 3.2% | ||
| Q1 24 | 0.9% | 7.9% |
每股收益（稀释后）USFDXYZ
| Q4 25 | $0.82 | $0.19 | ||
| Q3 25 | $0.67 | $0.74 | ||
| Q2 25 | $0.96 | $0.87 | ||
| Q1 25 | $0.49 | $0.30 | ||
| Q4 24 | $0.28 | $3.06 | ||
| Q3 24 | $0.61 | $0.45 | ||
| Q2 24 | $0.80 | $0.31 | ||
| Q1 24 | $0.33 | $0.74 |
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 | $41.0M | $6.6B |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $4.3B | $22.2B |
| 总资产 | $13.9B | $39.5B |
| 负债/权益比越低杠杆越低 | 1.18× | — |
8季度趋势，按日历期对齐
现金及短期投资USFDXYZ
| Q4 25 | $41.0M | $6.6B | ||
| Q3 25 | $56.0M | $8.3B | ||
| Q2 25 | $61.0M | $6.4B | ||
| Q1 25 | $101.0M | $7.1B | ||
| Q4 24 | $59.0M | $8.1B | ||
| Q3 24 | $81.0M | $8.3B | ||
| Q2 24 | $405.0M | $7.8B | ||
| Q1 24 | $267.0M | $5.8B |
总债务USFDXYZ
| Q4 25 | $5.1B | — | ||
| Q3 25 | $4.8B | $7.3B | ||
| Q2 25 | $4.7B | $5.1B | ||
| Q1 25 | $4.7B | $5.1B | ||
| Q4 24 | $4.8B | $6.1B | ||
| Q3 24 | $4.7B | $6.1B | ||
| Q2 24 | $4.6B | $6.1B | ||
| Q1 24 | $4.6B | $4.1B |
股东权益USFDXYZ
| Q4 25 | $4.3B | $22.2B | ||
| Q3 25 | $4.5B | $22.5B | ||
| Q2 25 | $4.6B | $22.2B | ||
| Q1 25 | $4.6B | $21.5B | ||
| Q4 24 | $4.5B | $21.3B | ||
| Q3 24 | $4.6B | $19.9B | ||
| Q2 24 | $5.0B | $19.3B | ||
| Q1 24 | $4.8B | $19.0B |
总资产USFDXYZ
| Q4 25 | $13.9B | $39.5B | ||
| Q3 25 | $14.0B | $39.2B | ||
| Q2 25 | $13.8B | $36.9B | ||
| Q1 25 | $13.7B | $36.4B | ||
| Q4 24 | $13.4B | $36.8B | ||
| Q3 24 | $13.5B | $36.4B | ||
| Q2 24 | $13.7B | $37.5B | ||
| Q1 24 | $13.4B | $35.6B |
负债/权益比USFDXYZ
| Q4 25 | 1.18× | — | ||
| Q3 25 | 1.08× | 0.32× | ||
| Q2 25 | 1.02× | 0.23× | ||
| Q1 25 | 1.02× | 0.24× | ||
| Q4 24 | 1.06× | 0.29× | ||
| Q3 24 | 1.01× | 0.31× | ||
| Q2 24 | 0.92× | 0.32× | ||
| Q1 24 | 0.95× | 0.22× |
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 | $293.0M | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $159.0M | $579.8M |
| 自由现金流率自由现金流/营收 | 1.6% | 9.3% |
| 资本支出强度资本支出/营收 | 1.4% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.59× | 5.36× |
| 过去12个月自由现金流最近4个季度 | $959.0M | $2.4B |
8季度趋势，按日历期对齐
经营现金流USFDXYZ
| Q4 25 | $293.0M | $621.0M | ||
| Q3 25 | $351.0M | $1.5B | ||
| Q2 25 | $334.0M | $374.3M | ||
| Q1 25 | $391.0M | $133.3M | ||
| Q4 24 | $283.0M | $13.8M | ||
| Q3 24 | $270.0M | $684.8M | ||
| Q2 24 | $482.0M | $519.4M | ||
| Q1 24 | $139.0M | $489.4M |
自由现金流USFDXYZ
| Q4 25 | $159.0M | $579.8M | ||
| Q3 25 | $236.0M | $1.4B | ||
| Q2 25 | $257.0M | $343.0M | ||
| Q1 25 | $307.0M | $101.5M | ||
| Q4 24 | $178.0M | $-13.2M | ||
| Q3 24 | $190.0M | $628.2M | ||
| Q2 24 | $413.0M | $481.0M | ||
| Q1 24 | $52.0M | $457.4M |
自由现金流率USFDXYZ
| Q4 25 | 1.6% | 9.3% | ||
| Q3 25 | 2.3% | 22.9% | ||
| Q2 25 | 2.5% | 5.7% | ||
| Q1 25 | 3.3% | 1.8% | ||
| Q4 24 | 1.9% | -0.2% | ||
| Q3 24 | 2.0% | 10.5% | ||
| Q2 24 | 4.3% | 7.8% | ||
| Q1 24 | 0.6% | 7.7% |
资本支出强度USFDXYZ
| Q4 25 | 1.4% | 0.7% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 0.8% | 0.5% | ||
| Q1 25 | 0.9% | 0.6% | ||
| Q4 24 | 1.1% | 0.4% | ||
| Q3 24 | 0.8% | 0.9% | ||
| Q2 24 | 0.7% | 0.6% | ||
| Q1 24 | 1.0% | 0.5% |
现金转化率USFDXYZ
| Q4 25 | 1.59× | 5.36× | ||
| Q3 25 | 2.29× | 3.14× | ||
| Q2 25 | 1.49× | 0.70× | ||
| Q1 25 | 3.40× | 0.70× | ||
| Q4 24 | 4.29× | 0.01× | ||
| Q3 24 | 1.82× | 2.41× | ||
| Q2 24 | 2.43× | 2.66× | ||
| Q1 24 | 1.70× | 1.04× |
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
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
