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Artisan Partners Asset Management Inc.（APAM）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
Artisan Partners Asset Management Inc.的季度营收约是First Watch Restaurant Group, Inc.的1.1倍（$335.5M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 12.7%）
阿蒂森伙伴资产管理公司（Artisan Partners）是总部位于美国威斯康星州密尔沃基的资产管理机构，除美国本土外，还在都柏林、香港、伦敦、新加坡、悉尼设有办公室，为全球客户提供专业的资产管理服务。
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。
APAM vs FWRG — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $316.4M |
| 净利润 | $118.1M | — |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 2.9% |
| 净利率 | 35.2% | — |
| 营收同比 | 12.9% | 20.2% |
| 净利润同比 | 34.9% | — |
| 每股收益（稀释后） | $1.36 | $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
| Q4 25 | $335.5M | $316.4M | ||
| Q3 25 | $301.3M | $316.0M | ||
| Q2 25 | $282.7M | $307.9M | ||
| Q1 25 | $277.1M | $282.2M | ||
| Q4 24 | $297.1M | $263.3M | ||
| Q3 24 | $279.6M | $251.6M | ||
| Q2 24 | $270.8M | $258.6M | ||
| Q1 24 | $264.4M | $242.4M |
| Q4 25 | $118.1M | — | ||
| Q3 25 | $66.8M | $3.0M | ||
| Q2 25 | $67.6M | $2.1M | ||
| Q1 25 | $61.1M | $-829.0K | ||
| Q4 24 | $87.5M | — | ||
| Q3 24 | $73.0M | $2.1M | ||
| Q2 24 | $57.6M | $8.9M | ||
| Q1 24 | $59.5M | $7.2M |
| Q4 25 | 39.2% | 2.9% | ||
| Q3 25 | 33.8% | 3.2% | ||
| Q2 25 | 28.2% | 2.4% | ||
| Q1 25 | 31.2% | 0.4% | ||
| Q4 24 | 36.7% | 1.5% | ||
| Q3 24 | 33.3% | 2.5% | ||
| Q2 24 | 32.0% | 6.4% | ||
| Q1 24 | 29.4% | 5.1% |
| Q4 25 | 35.2% | — | ||
| Q3 25 | 22.2% | 0.9% | ||
| Q2 25 | 23.9% | 0.7% | ||
| Q1 25 | 22.1% | -0.3% | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 26.1% | 0.8% | ||
| Q2 24 | 21.3% | 3.4% | ||
| Q1 24 | 22.5% | 3.0% |
| Q4 25 | $1.36 | $0.24 | ||
| Q3 25 | $0.93 | $0.05 | ||
| Q2 25 | $0.94 | $0.03 | ||
| Q1 25 | $0.82 | $-0.01 | ||
| Q4 24 | $0.99 | $0.01 | ||
| Q3 24 | $1.03 | $0.03 | ||
| Q2 24 | $0.80 | $0.14 | ||
| Q1 24 | $0.84 | $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 | — | $21.2M |
| 总债务越低越好 | $190.0M | $269.1M |
| 股东权益账面价值 | $438.8M | $626.3M |
| 总资产 | $1.6B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.43× |
8季度趋势，按日历期对齐
| Q4 25 | — | $21.2M | ||
| Q3 25 | — | $20.7M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | — | $18.6M | ||
| Q4 24 | — | $33.3M | ||
| Q3 24 | — | $51.1M | ||
| Q2 24 | — | $45.1M | ||
| Q1 24 | — | $43.2M |
| Q4 25 | $190.0M | $269.1M | ||
| Q3 25 | $190.0M | $251.0M | ||
| Q2 25 | $200.0M | $250.0M | ||
| Q1 25 | $200.0M | $191.5M | ||
| Q4 24 | $200.0M | $189.0M | ||
| Q3 24 | $200.0M | $189.7M | ||
| Q2 24 | $200.0M | $192.1M | ||
| Q1 24 | $200.0M | $122.7M |
| Q4 25 | $438.8M | $626.3M | ||
| Q3 25 | $402.1M | $607.3M | ||
| Q2 25 | $381.8M | $601.3M | ||
| Q1 25 | $356.5M | $596.3M | ||
| Q4 24 | $388.9M | $595.4M | ||
| Q3 24 | $372.1M | $589.1M | ||
| Q2 24 | $341.2M | $585.8M | ||
| Q1 24 | $320.3M | $574.4M |
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.5B | $1.3B |
| Q4 25 | 0.43× | 0.43× | ||
| Q3 25 | 0.47× | 0.41× | ||
| Q2 25 | 0.52× | 0.42× | ||
| Q1 25 | 0.56× | 0.32× | ||
| Q4 24 | 0.51× | 0.32× | ||
| Q3 24 | 0.54× | 0.32× | ||
| Q2 24 | 0.59× | 0.33× | ||
| Q1 24 | 0.62× | 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 | $172.0M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $-18.3M |
| 自由现金流率自由现金流/营收 | 51.2% | -5.8% |
| 资本支出强度资本支出/营收 | 0.1% | 11.6% |
| 现金转化率经营现金流/净利润 | 1.46× | — |
| 过去12个月自由现金流最近4个季度 | $420.6M | $-31.0M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $18.5M | ||
| Q3 25 | $40.4M | $47.9M | ||
| Q2 25 | $50.9M | $39.4M | ||
| Q1 25 | $157.9M | $20.1M | ||
| Q4 24 | $372.8M | $22.9M | ||
| Q3 24 | $112.8M | $35.9M | ||
| Q2 24 | $75.9M | $31.9M | ||
| Q1 24 | $147.0M | $25.0M |
| Q4 25 | $171.6M | $-18.3M | ||
| Q3 25 | $40.4M | $5.5M | ||
| Q2 25 | $50.9M | $-1.7M | ||
| Q1 25 | $157.7M | $-16.4M | ||
| Q4 24 | $371.3M | $-17.7M | ||
| Q3 24 | $112.4M | $6.8M | ||
| Q2 24 | $75.2M | $2.3M | ||
| Q1 24 | $146.9M | $-3.6M |
| Q4 25 | 51.2% | -5.8% | ||
| Q3 25 | 13.4% | 1.7% | ||
| Q2 25 | 18.0% | -0.5% | ||
| Q1 25 | 56.9% | -5.8% | ||
| Q4 24 | 125.0% | -6.7% | ||
| Q3 24 | 40.2% | 2.7% | ||
| Q2 24 | 27.8% | 0.9% | ||
| Q1 24 | 55.6% | -1.5% |
| Q4 25 | 0.1% | 11.6% | ||
| Q3 25 | 0.0% | 13.4% | ||
| Q2 25 | 0.0% | 13.4% | ||
| Q1 25 | 0.1% | 13.0% | ||
| Q4 24 | 0.5% | 15.4% | ||
| Q3 24 | 0.1% | 11.6% | ||
| Q2 24 | 0.2% | 11.5% | ||
| Q1 24 | 0.0% | 11.8% |
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | 16.01× | ||
| Q2 25 | 0.75× | 18.72× | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | 16.98× | ||
| Q2 24 | 1.32× | 3.59× | ||
| Q1 24 | 2.47× | 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
APAM
暂无分部数据
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% |
