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ALAMO GROUP INC（ALG）与First Watch Restaurant Group, Inc.（FWRG）财务数据对比。点击上方公司名可切换其他公司
ALAMO GROUP INC的季度营收约是First Watch Restaurant Group, Inc.的1.2倍（$373.6M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs -3.0%），ALAMO GROUP INC自由现金流更多（$69.9M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs -6.3%）
Alamo Drafthouse Cinema是1997年在美国得克萨斯州奥斯汀成立的连锁影院品牌，主打观影期间提供餐食与饮品服务，同时严格要求观众遵守观影礼仪，2024年6月该连锁品牌被索尼影视体验部门收购。
该企业原信息存在公司混淆错误，实际First Watch Restaurant Group是美国餐饮集团，主打鲜制早餐、早午餐与午餐，在美国多个州运营自营与特许加盟餐厅，聚焦日间休闲餐饮市场，为消费者提供新鲜健康的美式餐食选择。
ALG vs FWRG — 直观对比
营收规模更大
ALG
是对方的1.2倍
$316.4M
营收增速更快
FWRG
高出23.2%
-3.0%
自由现金流更多
ALG
多$88.2M
$-18.3M
两年增速更快
FWRG
近两年复合增速
-6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $373.6M | $316.4M |
| 净利润 | $15.5M | — |
| 毛利率 | 22.7% | — |
| 营业利润率 | 6.0% | 2.9% |
| 净利率 | 4.2% | — |
| 营收同比 | -3.0% | 20.2% |
| 净利润同比 | -44.8% | — |
| 每股收益（稀释后） | $1.28 | $0.24 |
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ALGFWRG
| Q4 25 | $373.6M | $316.4M | ||
| Q3 25 | $420.0M | $316.0M | ||
| Q2 25 | $419.1M | $307.9M | ||
| Q1 25 | $390.9M | $282.2M | ||
| Q4 24 | $385.3M | $263.3M | ||
| Q3 24 | $401.3M | $251.6M | ||
| Q2 24 | $416.3M | $258.6M | ||
| Q1 24 | $425.6M | $242.4M |
净利润ALGFWRG
| Q4 25 | $15.5M | — | ||
| Q3 25 | $25.4M | $3.0M | ||
| Q2 25 | $31.1M | $2.1M | ||
| Q1 25 | $31.8M | $-829.0K | ||
| Q4 24 | $28.1M | — | ||
| Q3 24 | $27.4M | $2.1M | ||
| Q2 24 | $28.3M | $8.9M | ||
| Q1 24 | $32.1M | $7.2M |
毛利率ALGFWRG
| Q4 25 | 22.7% | — | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 25.8% | — | ||
| Q1 25 | 26.3% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | 26.0% | — | ||
| Q1 24 | 26.2% | — |
营业利润率ALGFWRG
| Q4 25 | 6.0% | 2.9% | ||
| Q3 25 | 8.9% | 3.2% | ||
| Q2 25 | 11.2% | 2.4% | ||
| Q1 25 | 11.4% | 0.4% | ||
| Q4 24 | 8.9% | 1.5% | ||
| Q3 24 | 10.0% | 2.5% | ||
| Q2 24 | 10.4% | 6.4% | ||
| Q1 24 | 11.0% | 5.1% |
净利率ALGFWRG
| Q4 25 | 4.2% | — | ||
| Q3 25 | 6.0% | 0.9% | ||
| Q2 25 | 7.4% | 0.7% | ||
| Q1 25 | 8.1% | -0.3% | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 6.8% | 0.8% | ||
| Q2 24 | 6.8% | 3.4% | ||
| Q1 24 | 7.5% | 3.0% |
每股收益（稀释后）ALGFWRG
| Q4 25 | $1.28 | $0.24 | ||
| Q3 25 | $2.10 | $0.05 | ||
| Q2 25 | $2.57 | $0.03 | ||
| Q1 25 | $2.64 | $-0.01 | ||
| Q4 24 | $2.33 | $0.01 | ||
| Q3 24 | $2.28 | $0.03 | ||
| Q2 24 | $2.35 | $0.14 | ||
| Q1 24 | $2.67 | $0.12 |
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 | $309.7M | $21.2M |
| 总债务越低越好 | $190.7M | $269.1M |
| 股东权益账面价值 | $1.1B | $626.3M |
| 总资产 | $1.6B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.17× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资ALGFWRG
| Q4 25 | $309.7M | $21.2M | ||
| Q3 25 | $244.8M | $20.7M | ||
| Q2 25 | $201.8M | $19.2M | ||
| Q1 25 | $200.3M | $18.6M | ||
| Q4 24 | $197.3M | $33.3M | ||
| Q3 24 | $140.0M | $51.1M | ||
| Q2 24 | $118.5M | $45.1M | ||
| Q1 24 | $121.8M | $43.2M |
总债务ALGFWRG
| Q4 25 | $190.7M | $269.1M | ||
| Q3 25 | $194.4M | $251.0M | ||
| Q2 25 | $198.1M | $250.0M | ||
| Q1 25 | $201.8M | $191.5M | ||
| Q4 24 | $205.5M | $189.0M | ||
| Q3 24 | $209.2M | $189.7M | ||
| Q2 24 | $278.6M | $192.1M | ||
| Q1 24 | $306.5M | $122.7M |
股东权益ALGFWRG
| Q4 25 | $1.1B | $626.3M | ||
| Q3 25 | $1.1B | $607.3M | ||
| Q2 25 | $1.1B | $601.3M | ||
| Q1 25 | $1.1B | $596.3M | ||
| Q4 24 | $1.0B | $595.4M | ||
| Q3 24 | $1.0B | $589.1M | ||
| Q2 24 | $979.7M | $585.8M | ||
| Q1 24 | $956.6M | $574.4M |
总资产ALGFWRG
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.5B | $1.3B |
负债/权益比ALGFWRG
| Q4 25 | 0.17× | 0.43× | ||
| Q3 25 | 0.17× | 0.41× | ||
| Q2 25 | 0.18× | 0.42× | ||
| Q1 25 | 0.19× | 0.32× | ||
| Q4 24 | 0.20× | 0.32× | ||
| Q3 24 | 0.21× | 0.32× | ||
| Q2 24 | 0.28× | 0.33× | ||
| Q1 24 | 0.32× | 0.21× |
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 | $75.1M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $69.9M | $-18.3M |
| 自由现金流率自由现金流/营收 | 18.7% | -5.8% |
| 资本支出强度资本支出/营收 | 1.4% | 11.6% |
| 现金转化率经营现金流/净利润 | 4.84× | — |
| 过去12个月自由现金流最近4个季度 | $146.9M | $-31.0M |
8季度趋势，按日历期对齐
经营现金流ALGFWRG
| Q4 25 | $75.1M | $18.5M | ||
| Q3 25 | $65.5M | $47.9M | ||
| Q2 25 | $22.7M | $39.4M | ||
| Q1 25 | $14.2M | $20.1M | ||
| Q4 24 | $79.1M | $22.9M | ||
| Q3 24 | $96.3M | $35.9M | ||
| Q2 24 | $33.2M | $31.9M | ||
| Q1 24 | $1.1M | $25.0M |
自由现金流ALGFWRG
| Q4 25 | $69.9M | $-18.3M | ||
| Q3 25 | $53.1M | $5.5M | ||
| Q2 25 | $15.7M | $-1.7M | ||
| Q1 25 | $8.2M | $-16.4M | ||
| Q4 24 | $73.1M | $-17.7M | ||
| Q3 24 | $88.4M | $6.8M | ||
| Q2 24 | $28.8M | $2.3M | ||
| Q1 24 | $-5.5M | $-3.6M |
自由现金流率ALGFWRG
| Q4 25 | 18.7% | -5.8% | ||
| Q3 25 | 12.6% | 1.7% | ||
| Q2 25 | 3.8% | -0.5% | ||
| Q1 25 | 2.1% | -5.8% | ||
| Q4 24 | 19.0% | -6.7% | ||
| Q3 24 | 22.0% | 2.7% | ||
| Q2 24 | 6.9% | 0.9% | ||
| Q1 24 | -1.3% | -1.5% |
资本支出强度ALGFWRG
| Q4 25 | 1.4% | 11.6% | ||
| Q3 25 | 3.0% | 13.4% | ||
| Q2 25 | 1.7% | 13.4% | ||
| Q1 25 | 1.5% | 13.0% | ||
| Q4 24 | 1.6% | 15.4% | ||
| Q3 24 | 2.0% | 11.6% | ||
| Q2 24 | 1.1% | 11.5% | ||
| Q1 24 | 1.6% | 11.8% |
现金转化率ALGFWRG
| Q4 25 | 4.84× | — | ||
| Q3 25 | 2.58× | 16.01× | ||
| Q2 25 | 0.73× | 18.72× | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 2.82× | — | ||
| Q3 24 | 3.51× | 16.98× | ||
| Q2 24 | 1.17× | 3.59× | ||
| Q1 24 | 0.03× | 3.46× |
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
ALG
| Wholegood Units | $293.2M | 78% |
| Parts | $61.6M | 16% |
| Other Revenue | $18.9M | 5% |
FWRG
| In Restaurant Dining Sales | $254.1M | 80% |
| Third Party Delivery Sales | $38.6M | 12% |
| Take Out Sales | $21.3M | 7% |
| Royalty And System Fund Contributions | $2.3M | 1% |
