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APOGEE ENTERPRISES, INC.（APOG）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
APOGEE ENTERPRISES, INC.的季度营收约是First Watch Restaurant Group, Inc.的1.1倍（$351.4M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 1.6%），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
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。
APOG vs FWRG — 直观对比
营收规模更大
APOG
是对方的1.1倍
$316.4M
营收增速更快
FWRG
高出18.6%
1.6%
两年增速更快
FWRG
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $316.4M |
| 净利润 | $16.6M | — |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | 2.9% |
| 净利率 | 4.7% | — |
| 营收同比 | 1.6% | 20.2% |
| 净利润同比 | 568.8% | — |
| 每股收益（稀释后） | $0.78 | $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APOGFWRG
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $316.4M | ||
| Q3 25 | $358.2M | $316.0M | ||
| Q2 25 | $346.6M | $307.9M | ||
| Q1 25 | $345.7M | $282.2M | ||
| Q4 24 | $341.3M | $263.3M | ||
| Q3 24 | $342.4M | $251.6M | ||
| Q2 24 | $331.5M | $258.6M |
净利润APOGFWRG
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | — | ||
| Q3 25 | $23.6M | $3.0M | ||
| Q2 25 | $-2.7M | $2.1M | ||
| Q1 25 | $2.5M | $-829.0K | ||
| Q4 24 | $21.0M | — | ||
| Q3 24 | $30.6M | $2.1M | ||
| Q2 24 | $31.0M | $8.9M |
毛利率APOGFWRG
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
营业利润率APOGFWRG
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 2.9% | ||
| Q3 25 | 7.5% | 3.2% | ||
| Q2 25 | 2.0% | 2.4% | ||
| Q1 25 | 1.8% | 0.4% | ||
| Q4 24 | 8.4% | 1.5% | ||
| Q3 24 | 12.3% | 2.5% | ||
| Q2 24 | 12.5% | 6.4% |
净利率APOGFWRG
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | — | ||
| Q3 25 | 6.6% | 0.9% | ||
| Q2 25 | -0.8% | 0.7% | ||
| Q1 25 | 0.7% | -0.3% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 8.9% | 0.8% | ||
| Q2 24 | 9.4% | 3.4% |
每股收益（稀释后）APOGFWRG
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.24 | ||
| Q3 25 | $1.10 | $0.05 | ||
| Q2 25 | $-0.13 | $0.03 | ||
| Q1 25 | $0.12 | $-0.01 | ||
| Q4 24 | $0.96 | $0.01 | ||
| Q3 24 | $1.40 | $0.03 | ||
| Q2 24 | $1.41 | $0.14 |
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 | $39.5M | $21.2M |
| 总债务越低越好 | $232.3M | $269.1M |
| 股东权益账面价值 | $511.8M | $626.3M |
| 总资产 | $1.1B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资APOGFWRG
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $21.2M | ||
| Q3 25 | $39.5M | $20.7M | ||
| Q2 25 | $32.8M | $19.2M | ||
| Q1 25 | $41.4M | $18.6M | ||
| Q4 24 | $43.9M | $33.3M | ||
| Q3 24 | $51.0M | $51.1M | ||
| Q2 24 | $30.4M | $45.1M |
总债务APOGFWRG
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $269.1M | ||
| Q3 25 | — | $251.0M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | $285.0M | $191.5M | ||
| Q4 24 | — | $189.0M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $192.1M |
股东权益APOGFWRG
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $626.3M | ||
| Q3 25 | $500.2M | $607.3M | ||
| Q2 25 | $481.8M | $601.3M | ||
| Q1 25 | $487.9M | $596.3M | ||
| Q4 24 | $522.1M | $595.4M | ||
| Q3 24 | $506.4M | $589.1M | ||
| Q2 24 | $480.0M | $585.8M |
总资产APOGFWRG
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $917.1M | $1.5B | ||
| Q2 24 | $889.0M | $1.4B |
负债/权益比APOGFWRG
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | 0.58× | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× |
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 | $122.5M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-18.3M |
| 自由现金流率自由现金流/营收 | — | -5.8% |
| 资本支出强度资本支出/营收 | 7.8% | 11.6% |
| 现金转化率经营现金流/净利润 | 7.37× | — |
| 过去12个月自由现金流最近4个季度 | — | $-31.0M |
8季度趋势，按日历期对齐
经营现金流APOGFWRG
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $18.5M | ||
| Q3 25 | $57.1M | $47.9M | ||
| Q2 25 | $-19.8M | $39.4M | ||
| Q1 25 | $30.0M | $20.1M | ||
| Q4 24 | $31.0M | $22.9M | ||
| Q3 24 | $58.7M | $35.9M | ||
| Q2 24 | $5.5M | $31.9M |
自由现金流APOGFWRG
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-18.3M | ||
| Q3 25 | $52.4M | $5.5M | ||
| Q2 25 | $-26.9M | $-1.7M | ||
| Q1 25 | $19.1M | $-16.4M | ||
| Q4 24 | $22.0M | $-17.7M | ||
| Q3 24 | $50.2M | $6.8M | ||
| Q2 24 | $-1.8M | $2.3M |
自由现金流率APOGFWRG
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -5.8% | ||
| Q3 25 | 14.6% | 1.7% | ||
| Q2 25 | -7.8% | -0.5% | ||
| Q1 25 | 5.5% | -5.8% | ||
| Q4 24 | 6.4% | -6.7% | ||
| Q3 24 | 14.7% | 2.7% | ||
| Q2 24 | -0.5% | 0.9% |
资本支出强度APOGFWRG
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 11.6% | ||
| Q3 25 | 1.3% | 13.4% | ||
| Q2 25 | 2.1% | 13.4% | ||
| Q1 25 | 3.2% | 13.0% | ||
| Q4 24 | 2.6% | 15.4% | ||
| Q3 24 | 2.5% | 11.6% | ||
| Q2 24 | 2.2% | 11.5% |
现金转化率APOGFWRG
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 16.01× | ||
| Q2 25 | — | 18.72× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 16.98× | ||
| Q2 24 | 0.18× | 3.59× |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
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% |
