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Viking Holdings Ltd（VIK）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
Viking Holdings Ltd的季度营收约是百胜中国的1.4倍（$4.0B vs $2.8B），Viking Holdings Ltd净利率更高（12.9% vs 5.0%，领先7.9%）
本公司为注册于百慕大、运营总部设在美国的控股企业，旗下全资拥有诺唯真邮轮、大洋邮轮、丽晶七海邮轮三大邮轮品牌，合并业务规模位列全球第三大邮轮运营商，目前在纽约证券交易所公开上市。
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。
VIK vs YUMC — 直观对比
营收规模更大
VIK
是对方的1.4倍
$2.8B
净利率更高
VIK
高出7.9%
5.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.8B |
| 净利润 | $514.0M | $140.0M |
| 毛利率 | 73.4% | — |
| 营业利润率 | 15.2% | 6.6% |
| 净利率 | 12.9% | 5.0% |
| 营收同比 | — | 8.8% |
| 净利润同比 | 35.4% | 21.7% |
| 每股收益（稀释后） | $1.15 | $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VIKYUMC
| Q4 25 | — | $2.8B | ||
| Q3 25 | $4.0B | $3.2B | ||
| Q2 25 | $2.3B | $2.8B | ||
| Q1 25 | $718.2M | $3.0B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $3.6B | $3.1B | ||
| Q2 24 | $2.1B | $2.7B | ||
| Q1 24 | — | $3.0B |
净利润VIKYUMC
| Q4 25 | — | $140.0M | ||
| Q3 25 | $514.0M | $282.0M | ||
| Q2 25 | $439.2M | $215.0M | ||
| Q1 25 | $-105.5M | $292.0M | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | $379.7M | $297.0M | ||
| Q2 24 | $159.8M | $212.0M | ||
| Q1 24 | — | $287.0M |
毛利率VIKYUMC
| Q4 25 | — | — | ||
| Q3 25 | 73.4% | — | ||
| Q2 25 | 55.7% | — | ||
| Q1 25 | 17.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 74.7% | — | ||
| Q2 24 | 57.8% | — | ||
| Q1 24 | — | — |
营业利润率VIKYUMC
| Q4 25 | — | 6.6% | ||
| Q3 25 | 15.2% | 12.5% | ||
| Q2 25 | 23.7% | 10.9% | ||
| Q1 25 | -1.3% | 13.4% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 13.6% | 12.1% | ||
| Q2 24 | 20.5% | 9.9% | ||
| Q1 24 | — | 12.6% |
净利率VIKYUMC
| Q4 25 | — | 5.0% | ||
| Q3 25 | 12.9% | 8.8% | ||
| Q2 25 | 19.1% | 7.7% | ||
| Q1 25 | -14.7% | 9.8% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | 10.6% | 9.7% | ||
| Q2 24 | 7.7% | 7.9% | ||
| Q1 24 | — | 9.7% |
每股收益（稀释后）VIKYUMC
| Q4 25 | — | $0.40 | ||
| Q3 25 | $1.15 | $0.76 | ||
| Q2 25 | $0.99 | $0.58 | ||
| Q1 25 | $-0.24 | $0.77 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | $0.87 | $0.77 | ||
| Q2 24 | $0.38 | $0.55 | ||
| Q1 24 | — | $0.71 |
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 | $3.0B | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $803.5M | $5.4B |
| 总资产 | $11.5B | $10.8B |
| 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VIKYUMC
| Q4 25 | — | $1.4B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $2.6B | $2.2B | ||
| Q1 25 | $2.8B | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $2.4B | $2.5B | ||
| Q2 24 | $1.8B | $2.5B | ||
| Q1 24 | — | $2.4B |
股东权益VIKYUMC
| Q4 25 | — | $5.4B | ||
| Q3 25 | $803.5M | $5.7B | ||
| Q2 25 | $278.3M | $5.8B | ||
| Q1 25 | $-267.5M | $5.8B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | $-688.9M | $6.0B | ||
| Q2 24 | $-1.1B | $5.8B | ||
| Q1 24 | — | $5.9B |
总资产VIKYUMC
| Q4 25 | — | $10.8B | ||
| Q3 25 | $11.5B | $11.0B | ||
| Q2 25 | $11.1B | $11.0B | ||
| Q1 25 | $10.7B | $11.0B | ||
| Q4 24 | — | $11.1B | ||
| Q3 24 | — | $11.8B | ||
| Q2 24 | — | $11.6B | ||
| Q1 24 | — | $11.3B |
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 | $663.9M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-116.0M |
| 自由现金流率自由现金流/营收 | — | -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 | 1.29× | 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VIKYUMC
| Q4 25 | — | $125.0M | ||
| Q3 25 | $663.9M | $477.0M | ||
| Q2 25 | $470.7M | $412.0M | ||
| Q1 25 | $587.9M | $452.0M | ||
| Q4 24 | — | $167.0M | ||
| Q3 24 | $828.7M | $409.0M | ||
| Q2 24 | $419.8M | $401.0M | ||
| Q1 24 | — | $442.0M |
自由现金流VIKYUMC
| Q4 25 | — | $-116.0M | ||
| Q3 25 | — | $351.0M | ||
| Q2 25 | — | $290.0M | ||
| Q1 25 | — | $315.0M | ||
| Q4 24 | — | $-15.0M | ||
| Q3 24 | — | $244.0M | ||
| Q2 24 | — | $232.0M | ||
| Q1 24 | — | $253.0M |
自由现金流率VIKYUMC
| Q4 25 | — | -4.1% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 10.6% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | 8.6% |
资本支出强度VIKYUMC
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | — | 6.3% | ||
| Q1 24 | — | 6.4% |
现金转化率VIKYUMC
| Q4 25 | — | 0.89× | ||
| Q3 25 | 1.29× | 1.69× | ||
| Q2 25 | 1.07× | 1.92× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 2.18× | 1.38× | ||
| Q2 24 | 2.63× | 1.89× | ||
| Q1 24 | — | 1.54× |
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
VIK
暂无分部数据
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% |
