vs
施乐（XRX）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
百胜餐饮集团的季度营收约是施乐的1.2倍（$2.5B vs $2.0B），施乐同比增速更快（25.7% vs 6.5%），百胜餐饮集团自由现金流更多（$482.0M vs $192.0M），过去两年百胜餐饮集团的营收复合增速更高（25.5% vs 16.2%）
施乐控股是源自美国的知名办公设备服务商，面向全球超160个国家提供打印机与数码文档相关产品及服务。1959年推出Xerox 914后，施乐成为静电复印市场的开创者，品牌名“xerox”甚至在英语中成为复印的代名词，公司总部现位于美国康涅狄格州诺沃克。
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。
XRX vs YUM — 直观对比
营收规模更大
YUM
是对方的1.2倍
$2.0B
营收增速更快
XRX
高出19.3%
6.5%
自由现金流更多
YUM
多$290.0M
$192.0M
两年增速更快
YUM
近两年复合增速
16.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.5B |
| 净利润 | — | $535.0M |
| 毛利率 | — | 67.6% |
| 营业利润率 | — | 29.3% |
| 净利率 | — | 21.3% |
| 营收同比 | 25.7% | 6.5% |
| 净利润同比 | — | 26.5% |
| 每股收益（稀释后） | $-0.62 | $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XRXYUM
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.0B | $2.0B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.6B | $1.8B | ||
| Q1 24 | $1.5B | $1.6B |
净利润XRXYUM
| Q4 25 | — | $535.0M | ||
| Q3 25 | $-760.0M | $397.0M | ||
| Q2 25 | $-106.0M | $374.0M | ||
| Q1 25 | $-90.0M | $253.0M | ||
| Q4 24 | — | $423.0M | ||
| Q3 24 | $-1.2B | $382.0M | ||
| Q2 24 | $18.0M | $367.0M | ||
| Q1 24 | $-113.0M | $314.0M |
毛利率XRXYUM
| 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XRXYUM
| Q4 25 | — | 29.3% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 32.2% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 33.9% | ||
| Q2 24 | — | 34.4% | ||
| Q1 24 | — | 32.5% |
净利率XRXYUM
| Q4 25 | — | 21.3% | ||
| Q3 25 | -38.8% | 20.1% | ||
| Q2 25 | -6.7% | 19.3% | ||
| Q1 25 | -6.2% | 14.2% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | -78.9% | 20.9% | ||
| Q2 24 | 1.1% | 20.8% | ||
| Q1 24 | -7.5% | 19.6% |
每股收益（稀释后）XRXYUM
| Q4 25 | $-0.62 | $1.91 | ||
| Q3 25 | $-6.01 | $1.41 | ||
| Q2 25 | $-0.87 | $1.33 | ||
| Q1 25 | $-0.75 | $0.90 | ||
| Q4 24 | $-0.21 | $1.49 | ||
| Q3 24 | $-9.71 | $1.35 | ||
| Q2 24 | $0.11 | $1.28 | ||
| Q1 24 | $-0.94 | $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 | $512.0M | $709.0M |
| 总债务越低越好 | $4.0B | $11.9B |
| 股东权益账面价值 | $444.0M | $-7.3B |
| 总资产 | $9.8B | $8.2B |
| 负债/权益比越低杠杆越低 | 9.05× | — |
8季度趋势，按日历期对齐
现金及短期投资XRXYUM
| Q4 25 | $512.0M | $709.0M | ||
| Q3 25 | $479.0M | $1.0B | ||
| Q2 25 | $449.0M | $677.0M | ||
| Q1 25 | $336.0M | $607.0M | ||
| Q4 24 | $576.0M | $707.0M | ||
| Q3 24 | $521.0M | $548.0M | ||
| Q2 24 | $485.0M | $520.0M | ||
| Q1 24 | $685.0M | $652.0M |
总债务XRXYUM
| Q4 25 | $4.0B | $11.9B | ||
| Q3 25 | $4.1B | $11.5B | ||
| Q2 25 | $3.5B | $10.4B | ||
| Q1 25 | $2.7B | $11.3B | ||
| Q4 24 | $2.8B | $11.3B | ||
| Q3 24 | $2.8B | $11.2B | ||
| Q2 24 | $3.2B | $11.1B | ||
| Q1 24 | $3.2B | $11.1B |
股东权益XRXYUM
| Q4 25 | $444.0M | $-7.3B | ||
| Q3 25 | $365.0M | $-7.5B | ||
| Q2 25 | $1.1B | $-7.7B | ||
| Q1 25 | $1.1B | $-7.8B | ||
| Q4 24 | $1.1B | $-7.6B | ||
| Q3 24 | $1.3B | $-7.7B | ||
| Q2 24 | $2.4B | $-7.6B | ||
| Q1 24 | $2.4B | $-7.8B |
总资产XRXYUM
| Q4 25 | $9.8B | $8.2B | ||
| Q3 25 | $10.1B | $7.2B | ||
| Q2 25 | $8.9B | $6.9B | ||
| Q1 25 | $8.2B | $6.7B | ||
| Q4 24 | $8.4B | $6.7B | ||
| Q3 24 | $8.3B | $6.5B | ||
| Q2 24 | $9.5B | $6.4B | ||
| Q1 24 | $9.9B | $6.2B |
负债/权益比XRXYUM
| Q4 25 | 9.05× | — | ||
| Q3 25 | 11.10× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 2.56× | — | ||
| Q4 24 | 2.62× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 1.34× | — | ||
| Q1 24 | 1.35× | — |
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 | $208.0M | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $192.0M | $482.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 19.2% |
| 资本支出强度资本支出/营收 | 0.8% | 5.4% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | $187.0M | $1.6B |
8季度趋势，按日历期对齐
经营现金流XRXYUM
| Q4 25 | $208.0M | $617.0M | ||
| Q3 25 | $116.0M | $543.0M | ||
| Q2 25 | $-11.0M | $446.0M | ||
| Q1 25 | $-89.0M | $404.0M | ||
| Q4 24 | $351.0M | $513.0M | ||
| Q3 24 | $116.0M | $471.0M | ||
| Q2 24 | $123.0M | $342.0M | ||
| Q1 24 | $-79.0M | $363.0M |
自由现金流XRXYUM
| Q4 25 | $192.0M | $482.0M | ||
| Q3 25 | $104.0M | $449.0M | ||
| Q2 25 | $-15.0M | $375.0M | ||
| Q1 25 | $-94.0M | $333.0M | ||
| Q4 24 | $346.0M | $407.0M | ||
| Q3 24 | $108.0M | $419.0M | ||
| Q2 24 | $117.0M | $292.0M | ||
| Q1 24 | $-87.0M | $314.0M |
自由现金流率XRXYUM
| Q4 25 | 9.5% | 19.2% | ||
| Q3 25 | 5.3% | 22.7% | ||
| Q2 25 | -1.0% | 19.4% | ||
| Q1 25 | -6.5% | 18.6% | ||
| Q4 24 | 21.5% | 17.2% | ||
| Q3 24 | 7.1% | 22.9% | ||
| Q2 24 | 7.4% | 16.6% | ||
| Q1 24 | -5.8% | 19.6% |
资本支出强度XRXYUM
| Q4 25 | 0.8% | 5.4% | ||
| Q3 25 | 0.6% | 4.7% | ||
| Q2 25 | 0.3% | 3.7% | ||
| Q1 25 | 0.3% | 4.0% | ||
| Q4 24 | 0.3% | 4.5% | ||
| Q3 24 | 0.5% | 2.8% | ||
| Q2 24 | 0.4% | 2.8% | ||
| Q1 24 | 0.5% | 3.1% |
现金转化率XRXYUM
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | 1.60× | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | — | 1.23× | ||
| Q2 24 | 6.83× | 0.93× | ||
| Q1 24 | — | 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
XRX
| Other | $596.0M | 29% |
| Manufactured Product Other | $485.0M | 24% |
| Supplies Paper And Other Sales | $483.0M | 24% |
| IT Solutions Segment | $155.0M | 8% |
| CA | $128.0M | 6% |
| IT Products | $100.0M | 5% |
| Rental And Other | $52.0M | 3% |
| Financial Service | $29.0M | 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% |
