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BOX INC（BOX）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BOX INC的1.1倍（$316.4M vs $301.1M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 9.1%），BOX INC自由现金流更多（$71.3M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 7.0%）
Box Inc.是总部位于美国加利福尼亚州红木城的上市企业，由亚伦·莱维和迪伦·史密斯于2005年创立，最初面向个人消费者服务，2009至2010年前后转向企业级市场，2015年正式上市。公司专注于开发、运营云端内容管理、协同办公及文件共享工具，帮助企业用户便捷存储、管理各类文件，提升团队协作效率。
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。
BOX vs FWRG — 直观对比
营收规模更大
FWRG
是对方的1.1倍
$301.1M
营收增速更快
FWRG
高出11.0%
9.1%
自由现金流更多
BOX
多$89.6M
$-18.3M
两年增速更快
FWRG
近两年复合增速
7.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $301.1M | $316.4M |
| 净利润 | $12.1M | — |
| 毛利率 | 79.6% | — |
| 营业利润率 | 8.3% | 2.9% |
| 净利率 | 4.0% | — |
| 营收同比 | 9.1% | 20.2% |
| 净利润同比 | -6.4% | — |
| 每股收益（稀释后） | $0.05 | $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BOXFWRG
| Q4 25 | $301.1M | $316.4M | ||
| Q3 25 | $294.0M | $316.0M | ||
| Q2 25 | $276.3M | $307.9M | ||
| Q1 25 | $279.5M | $282.2M | ||
| Q4 24 | $275.9M | $263.3M | ||
| Q3 24 | $270.0M | $251.6M | ||
| Q2 24 | $264.7M | $258.6M | ||
| Q1 24 | $262.9M | $242.4M |
净利润BOXFWRG
| Q4 25 | $12.1M | — | ||
| Q3 25 | $13.4M | $3.0M | ||
| Q2 25 | $8.2M | $2.1M | ||
| Q1 25 | $194.0M | $-829.0K | ||
| Q4 24 | $12.9M | — | ||
| Q3 24 | $20.5M | $2.1M | ||
| Q2 24 | $17.2M | $8.9M | ||
| Q1 24 | $99.2M | $7.2M |
毛利率BOXFWRG
| Q4 25 | 79.6% | — | ||
| Q3 25 | 79.1% | — | ||
| Q2 25 | 78.0% | — | ||
| Q1 25 | 79.0% | — | ||
| Q4 24 | 79.9% | — | ||
| Q3 24 | 79.4% | — | ||
| Q2 24 | 78.0% | — | ||
| Q1 24 | 76.1% | — |
营业利润率BOXFWRG
| Q4 25 | 8.3% | 2.9% | ||
| Q3 25 | 7.0% | 3.2% | ||
| Q2 25 | 2.3% | 2.4% | ||
| Q1 25 | 6.4% | 0.4% | ||
| Q4 24 | 8.5% | 1.5% | ||
| Q3 24 | 7.5% | 2.5% | ||
| Q2 24 | 6.8% | 6.4% | ||
| Q1 24 | 8.1% | 5.1% |
净利率BOXFWRG
| Q4 25 | 4.0% | — | ||
| Q3 25 | 4.6% | 0.9% | ||
| Q2 25 | 3.0% | 0.7% | ||
| Q1 25 | 69.4% | -0.3% | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 7.6% | 0.8% | ||
| Q2 24 | 6.5% | 3.4% | ||
| Q1 24 | 37.7% | 3.0% |
每股收益（稀释后）BOXFWRG
| Q4 25 | $0.05 | $0.24 | ||
| Q3 25 | $0.05 | $0.05 | ||
| Q2 25 | $0.02 | $0.03 | ||
| Q1 25 | $1.13 | $-0.01 | ||
| Q4 24 | $0.05 | $0.01 | ||
| Q3 24 | $0.10 | $0.03 | ||
| Q2 24 | $0.08 | $0.14 | ||
| Q1 24 | $0.57 | $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 | $729.6M | $21.2M |
| 总债务越低越好 | — | $269.1M |
| 股东权益账面价值 | $-286.6M | $626.3M |
| 总资产 | $1.6B | $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BOXFWRG
| Q4 25 | $729.6M | $21.2M | ||
| Q3 25 | $757.9M | $20.7M | ||
| Q2 25 | $790.4M | $19.2M | ||
| Q1 25 | $722.8M | $18.6M | ||
| Q4 24 | $697.9M | $33.3M | ||
| Q3 24 | $482.2M | $51.1M | ||
| Q2 24 | $566.1M | $45.1M | ||
| Q1 24 | $480.7M | $43.2M |
总债务BOXFWRG
| 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 | ||
| Q1 24 | — | $122.7M |
股东权益BOXFWRG
| Q4 25 | $-286.6M | $626.3M | ||
| Q3 25 | $-269.4M | $607.3M | ||
| Q2 25 | $-280.1M | $601.3M | ||
| Q1 25 | $-297.0M | $596.3M | ||
| Q4 24 | $-479.9M | $595.4M | ||
| Q3 24 | $-439.4M | $589.1M | ||
| Q2 24 | $-397.9M | $585.8M | ||
| Q1 24 | $-431.1M | $574.4M |
总资产BOXFWRG
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.2B | $1.3B |
负债/权益比BOXFWRG
| 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× | ||
| Q1 24 | — | 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 | $73.0M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $71.3M | $-18.3M |
| 自由现金流率自由现金流/营收 | 23.7% | -5.8% |
| 资本支出强度资本支出/营收 | 0.6% | 11.6% |
| 现金转化率经营现金流/净利润 | 6.05× | — |
| 过去12个月自由现金流最近4个季度 | $343.5M | $-31.0M |
8季度趋势，按日历期对齐
经营现金流BOXFWRG
| Q4 25 | $73.0M | $18.5M | ||
| Q3 25 | $46.0M | $47.9M | ||
| Q2 25 | $127.1M | $39.4M | ||
| Q1 25 | $102.2M | $20.1M | ||
| Q4 24 | $62.6M | $22.9M | ||
| Q3 24 | $36.3M | $35.9M | ||
| Q2 24 | $131.2M | $31.9M | ||
| Q1 24 | $89.3M | $25.0M |
自由现金流BOXFWRG
| Q4 25 | $71.3M | $-18.3M | ||
| Q3 25 | $43.9M | $5.5M | ||
| Q2 25 | $126.7M | $-1.7M | ||
| Q1 25 | $101.5M | $-16.4M | ||
| Q4 24 | $62.3M | $-17.7M | ||
| Q3 24 | $35.9M | $6.8M | ||
| Q2 24 | $129.9M | $2.3M | ||
| Q1 24 | $89.1M | $-3.6M |
自由现金流率BOXFWRG
| Q4 25 | 23.7% | -5.8% | ||
| Q3 25 | 14.9% | 1.7% | ||
| Q2 25 | 45.9% | -0.5% | ||
| Q1 25 | 36.3% | -5.8% | ||
| Q4 24 | 22.6% | -6.7% | ||
| Q3 24 | 13.3% | 2.7% | ||
| Q2 24 | 49.1% | 0.9% | ||
| Q1 24 | 33.9% | -1.5% |
资本支出强度BOXFWRG
| Q4 25 | 0.6% | 11.6% | ||
| Q3 25 | 0.7% | 13.4% | ||
| Q2 25 | 0.1% | 13.4% | ||
| Q1 25 | 0.2% | 13.0% | ||
| Q4 24 | 0.1% | 15.4% | ||
| Q3 24 | 0.1% | 11.6% | ||
| Q2 24 | 0.5% | 11.5% | ||
| Q1 24 | 0.1% | 11.8% |
现金转化率BOXFWRG
| Q4 25 | 6.05× | — | ||
| Q3 25 | 3.42× | 16.01× | ||
| Q2 25 | 15.51× | 18.72× | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 4.85× | — | ||
| Q3 24 | 1.77× | 16.98× | ||
| Q2 24 | 7.62× | 3.59× | ||
| Q1 24 | 0.90× | 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
BOX
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% |
