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BALCHEM CORP（BCPC）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BALCHEM CORP的1.2倍（$316.4M vs $270.7M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 8.1%），BALCHEM CORP自由现金流更多（$33.8M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 7.5%）
Balchem Corp是一家全球特种化学品与营养原料供应商，核心业务覆盖人类营养、动物保健、制药、工业应用四大领域，为北美、欧洲、亚太等地区的客户提供定制化专用原料产品。
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。
BCPC vs FWRG — 直观对比
营收规模更大
FWRG
是对方的1.2倍
$270.7M
营收增速更快
FWRG
高出12.1%
8.1%
自由现金流更多
BCPC
多$52.2M
$-18.3M
两年增速更快
FWRG
近两年复合增速
7.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.7M | $316.4M |
| 净利润 | $40.3M | — |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 2.9% |
| 净利率 | 14.9% | — |
| 营收同比 | 8.1% | 20.2% |
| 净利润同比 | 8.7% | — |
| 每股收益（稀释后） | $1.25 | $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BCPCFWRG
| Q1 26 | $270.7M | — | ||
| Q4 25 | $263.6M | $316.4M | ||
| Q3 25 | $267.6M | $316.0M | ||
| Q2 25 | $255.5M | $307.9M | ||
| Q1 25 | $250.5M | $282.2M | ||
| Q4 24 | $240.0M | $263.3M | ||
| Q3 24 | $239.9M | $251.6M | ||
| Q2 24 | $234.1M | $258.6M |
净利润BCPCFWRG
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | — | ||
| Q3 25 | $40.3M | $3.0M | ||
| Q2 25 | $38.3M | $2.1M | ||
| Q1 25 | $37.1M | $-829.0K | ||
| Q4 24 | $33.6M | — | ||
| Q3 24 | $33.8M | $2.1M | ||
| Q2 24 | $32.1M | $8.9M |
毛利率BCPCFWRG
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | — | ||
| Q3 25 | 35.7% | — | ||
| Q2 25 | 36.4% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 36.0% | — | ||
| Q3 24 | 35.6% | — | ||
| Q2 24 | 35.5% | — |
营业利润率BCPCFWRG
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | 2.9% | ||
| Q3 25 | 20.4% | 3.2% | ||
| Q2 25 | 20.1% | 2.4% | ||
| Q1 25 | 20.4% | 0.4% | ||
| Q4 24 | 19.8% | 1.5% | ||
| Q3 24 | 20.0% | 2.5% | ||
| Q2 24 | 19.6% | 6.4% |
净利率BCPCFWRG
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | — | ||
| Q3 25 | 15.1% | 0.9% | ||
| Q2 25 | 15.0% | 0.7% | ||
| Q1 25 | 14.8% | -0.3% | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 14.1% | 0.8% | ||
| Q2 24 | 13.7% | 3.4% |
每股收益（稀释后）BCPCFWRG
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $0.24 | ||
| Q3 25 | $1.24 | $0.05 | ||
| Q2 25 | $1.17 | $0.03 | ||
| Q1 25 | $1.13 | $-0.01 | ||
| Q4 24 | $1.03 | $0.01 | ||
| Q3 24 | $1.03 | $0.03 | ||
| Q2 24 | $0.98 | $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 | $72.9M | $21.2M |
| 总债务越低越好 | — | $269.1M |
| 股东权益账面价值 | $1.3B | $626.3M |
| 总资产 | $1.7B | $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BCPCFWRG
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $21.2M | ||
| Q3 25 | $65.1M | $20.7M | ||
| Q2 25 | $65.4M | $19.2M | ||
| Q1 25 | $49.9M | $18.6M | ||
| Q4 24 | $49.5M | $33.3M | ||
| Q3 24 | $73.7M | $51.1M | ||
| Q2 24 | $63.7M | $45.1M |
总债务BCPCFWRG
| 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BCPCFWRG
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $626.3M | ||
| Q3 25 | $1.3B | $607.3M | ||
| Q2 25 | $1.3B | $601.3M | ||
| Q1 25 | $1.2B | $596.3M | ||
| Q4 24 | $1.1B | $595.4M | ||
| Q3 24 | $1.2B | $589.1M | ||
| Q2 24 | $1.1B | $585.8M |
总资产BCPCFWRG
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.6B | $1.4B |
负债/权益比BCPCFWRG
| 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 | $40.1M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $33.8M | $-18.3M |
| 自由现金流率自由现金流/营收 | 12.5% | -5.8% |
| 资本支出强度资本支出/营收 | 2.3% | 11.6% |
| 现金转化率经营现金流/净利润 | 0.99× | — |
| 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BCPCFWRG
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $18.5M | ||
| Q3 25 | $65.6M | $47.9M | ||
| Q2 25 | $47.3M | $39.4M | ||
| Q1 25 | $36.5M | $20.1M | ||
| Q4 24 | $52.3M | $22.9M | ||
| Q3 24 | $51.3M | $35.9M | ||
| Q2 24 | $45.0M | $31.9M |
自由现金流BCPCFWRG
| Q1 26 | $33.8M | — | ||
| 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BCPCFWRG
| Q1 26 | 12.5% | — | ||
| 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BCPCFWRG
| Q1 26 | 2.3% | — | ||
| 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BCPCFWRG
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.63× | 16.01× | ||
| Q2 25 | 1.23× | 18.72× | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.52× | 16.98× | ||
| Q2 24 | 1.40× | 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
BCPC
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% |
