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Bandwidth Inc.（BAND）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
First Watch Restaurant Group, Inc.的季度营收约是Bandwidth Inc.的1.5倍（$316.4M vs $208.8M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 20.1%），Bandwidth Inc.自由现金流更多（$-1.0M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 9.7%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
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。
BAND vs FWRG — 直观对比
营收规模更大
FWRG
是对方的1.5倍
$208.8M
营收增速更快
FWRG
高出0.0%
20.1%
自由现金流更多
BAND
多$17.3M
$-18.3M
两年增速更快
FWRG
近两年复合增速
9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $316.4M |
| 净利润 | $4.0M | — |
| 毛利率 | 37.3% | — |
| 营业利润率 | 60.5% | 2.9% |
| 净利率 | 1.9% | — |
| 营收同比 | 20.1% | 20.2% |
| 净利润同比 | 200.0% | — |
| 每股收益（稀释后） | $-0.08 | $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BANDFWRG
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $316.4M | ||
| Q3 25 | $191.9M | $316.0M | ||
| Q2 25 | $180.0M | $307.9M | ||
| Q1 25 | $174.2M | $282.2M | ||
| Q4 24 | $210.0M | $263.3M | ||
| Q3 24 | $193.9M | $251.6M | ||
| Q2 24 | $173.6M | $258.6M |
净利润BANDFWRG
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-1.2M | $3.0M | ||
| Q2 25 | $-4.9M | $2.1M | ||
| Q1 25 | $-3.7M | $-829.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | $413.0K | $2.1M | ||
| Q2 24 | $4.1M | $8.9M |
毛利率BANDFWRG
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
营业利润率BANDFWRG
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 2.9% | ||
| Q3 25 | -1.0% | 3.2% | ||
| Q2 25 | -2.1% | 2.4% | ||
| Q1 25 | -2.7% | 0.4% | ||
| Q4 24 | -1.3% | 1.5% | ||
| Q3 24 | -0.5% | 2.5% | ||
| Q2 24 | -3.5% | 6.4% |
净利率BANDFWRG
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -0.6% | 0.9% | ||
| Q2 25 | -2.7% | 0.7% | ||
| Q1 25 | -2.1% | -0.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.2% | 0.8% | ||
| Q2 24 | 2.3% | 3.4% |
每股收益（稀释后）BANDFWRG
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.24 | ||
| Q3 25 | $-0.04 | $0.05 | ||
| Q2 25 | $-0.16 | $0.03 | ||
| Q1 25 | $-0.13 | $-0.01 | ||
| Q4 24 | $0.27 | $0.01 | ||
| Q3 24 | $0.01 | $0.03 | ||
| Q2 24 | $-0.17 | $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 | $47.3M | $21.2M |
| 总债务越低越好 | — | $269.1M |
| 股东权益账面价值 | $405.7M | $626.3M |
| 总资产 | $984.2M | $1.7B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资BANDFWRG
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $21.2M | ||
| Q3 25 | $80.4M | $20.7M | ||
| Q2 25 | $68.1M | $19.2M | ||
| Q1 25 | $41.7M | $18.6M | ||
| Q4 24 | $83.8M | $33.3M | ||
| Q3 24 | $79.9M | $51.1M | ||
| Q2 24 | $76.4M | $45.1M |
总债务BANDFWRG
| Q1 26 | — | — | ||
| Q4 25 | — | $269.1M | ||
| Q3 25 | — | $251.0M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $191.5M | ||
| Q4 24 | — | $189.0M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $192.1M |
股东权益BANDFWRG
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $626.3M | ||
| Q3 25 | $392.7M | $607.3M | ||
| Q2 25 | $384.5M | $601.3M | ||
| Q1 25 | $345.4M | $596.3M | ||
| Q4 24 | $312.5M | $595.4M | ||
| Q3 24 | $336.6M | $589.1M | ||
| Q2 24 | $307.4M | $585.8M |
总资产BANDFWRG
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $964.4M | $1.5B | ||
| Q4 24 | $989.2M | $1.5B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.0B | $1.4B |
负债/权益比BANDFWRG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 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 | — | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $-18.3M |
| 自由现金流率自由现金流/营收 | -0.5% | -5.8% |
| 资本支出强度资本支出/营收 | — | 11.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 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BANDFWRG
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $18.5M | ||
| Q3 25 | $22.2M | $47.9M | ||
| Q2 25 | $31.7M | $39.4M | ||
| Q1 25 | $-3.1M | $20.1M | ||
| Q4 24 | $36.5M | $22.9M | ||
| Q3 24 | $20.5M | $35.9M | ||
| Q2 24 | $24.4M | $31.9M |
自由现金流BANDFWRG
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-18.3M | ||
| Q3 25 | — | $5.5M | ||
| Q2 25 | — | $-1.7M | ||
| Q1 25 | — | $-16.4M | ||
| Q4 24 | — | $-17.7M | ||
| Q3 24 | — | $6.8M | ||
| Q2 24 | — | $2.3M |
自由现金流率BANDFWRG
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -5.8% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | -0.5% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 0.9% |
资本支出强度BANDFWRG
| Q1 26 | — | — | ||
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 11.5% |
现金转化率BANDFWRG
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 16.01× | ||
| Q2 25 | — | 18.72× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | 16.98× | ||
| Q2 24 | 6.03× | 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
BAND
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% |
