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Black Rock Coffee Bar, Inc.（BRCB）与Shake Shack Inc.（SHAK）财务数据对比。点击上方公司名可切换其他公司
Shake Shack Inc.的季度营收约是Black Rock Coffee Bar, Inc.的7.8倍（$400.5M vs $51.5M）。Shake Shack Inc.净利率更高（3.0% vs -1.4%，领先4.3%）。Shake Shack Inc.自由现金流更多（$4.0M vs $-25.8M）
Black Rock Coffee Bar是一家总部位于美国的特色咖啡零售连锁企业，提供手工精品咖啡、能量饮料、烘焙食品及轻食，在美国西部运营多家线下门店和得来速网点，主打高品质可定制产品与社区化消费体验。
Shake Shack是源自美国纽约的跨国休闲快餐连锁品牌，2001年以麦迪逊广场公园内的热狗餐车起家，人气逐步攀升。2004年品牌获得许可在公园内开设永久门店，菜单也从最初的纽约风味热狗，拓展至汉堡、薯条以及同名奶昔等多款餐品。
BRCB vs SHAK — 直观对比
营收规模更大
SHAK
是对方的7.8倍
$51.5M
净利率更高
SHAK
高出4.3%
-1.4%
自由现金流更多
SHAK
多$29.8M
$-25.8M
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $51.5M | $400.5M |
| 净利润 | $-712.0K | $11.8M |
| 毛利率 | — | — |
| 营业利润率 | -12.4% | 4.7% |
| 净利率 | -1.4% | 3.0% |
| 营收同比 | — | 21.9% |
| 净利润同比 | — | 35.8% |
| 每股收益（稀释后） | $-0.05 | $0.28 |
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BRCBSHAK
| Q4 25 | — | $400.5M | ||
| Q3 25 | $51.5M | $367.4M | ||
| Q2 25 | — | $356.5M | ||
| Q1 25 | — | $320.9M | ||
| Q4 24 | — | $328.7M | ||
| Q3 24 | — | $316.9M | ||
| Q2 24 | — | $316.5M | ||
| Q1 24 | — | $290.5M |
净利润BRCBSHAK
| Q4 25 | — | $11.8M | ||
| Q3 25 | $-712.0K | $12.5M | ||
| Q2 25 | — | $17.1M | ||
| Q1 25 | — | $4.2M | ||
| Q4 24 | — | $8.7M | ||
| Q3 24 | — | $-10.2M | ||
| Q2 24 | — | $9.7M | ||
| Q1 24 | — | $2.0M |
营业利润率BRCBSHAK
| Q4 25 | — | 4.7% | ||
| Q3 25 | -12.4% | 5.0% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | -5.7% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 0.0% |
净利率BRCBSHAK
| Q4 25 | — | 3.0% | ||
| Q3 25 | -1.4% | 3.4% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | -3.2% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 0.7% |
每股收益（稀释后）BRCBSHAK
| Q4 25 | — | $0.28 | ||
| Q3 25 | $-0.05 | $0.30 | ||
| Q2 25 | — | $0.41 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $0.22 | ||
| Q3 24 | — | $-0.26 | ||
| Q2 24 | — | $0.23 | ||
| Q1 24 | — | $0.05 |
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 | $32.6M | $360.1M |
| 总债务越低越好 | $20.0M | $247.7M |
| 股东权益账面价值 | $43.0M | $525.3M |
| 总资产 | $323.2M | $1.9B |
| 负债/权益比越低杠杆越低 | 0.46× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资BRCBSHAK
| Q4 25 | — | $360.1M | ||
| Q3 25 | $32.6M | $357.8M | ||
| Q2 25 | — | $336.8M | ||
| Q1 25 | — | $312.9M | ||
| Q4 24 | — | $320.7M | ||
| Q3 24 | — | $310.9M | ||
| Q2 24 | — | $304.4M | ||
| Q1 24 | — | $284.8M |
总债务BRCBSHAK
| Q4 25 | — | $247.7M | ||
| Q3 25 | $20.0M | $247.5M | ||
| Q2 25 | — | $247.2M | ||
| Q1 25 | — | $246.9M | ||
| Q4 24 | — | $246.7M | ||
| Q3 24 | — | $246.4M | ||
| Q2 24 | — | $246.2M | ||
| Q1 24 | — | $245.9M |
股东权益BRCBSHAK
| Q4 25 | — | $525.3M | ||
| Q3 25 | $43.0M | $509.0M | ||
| Q2 25 | — | $494.1M | ||
| Q1 25 | — | $473.3M | ||
| Q4 24 | — | $470.0M | ||
| Q3 24 | — | $456.1M | ||
| Q2 24 | — | $462.4M | ||
| Q1 24 | — | $446.4M |
总资产BRCBSHAK
| Q4 25 | — | $1.9B | ||
| Q3 25 | $323.2M | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.6B |
负债/权益比BRCBSHAK
| Q4 25 | — | 0.47× | ||
| Q3 25 | 0.46× | 0.49× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.55× |
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 | $-2.9M | $63.1M |
| 自由现金流经营现金流 - 资本支出 | $-25.8M | $4.0M |
| 自由现金流率自由现金流/营收 | -50.2% | 1.0% |
| 资本支出强度资本支出/营收 | 44.5% | 14.8% |
| 现金转化率经营现金流/净利润 | — | 5.34× |
| 过去12个月自由现金流最近4个季度 | — | $56.5M |
8季度趋势，按日历期对齐
经营现金流BRCBSHAK
| Q4 25 | — | $63.1M | ||
| Q3 25 | $-2.9M | $63.0M | ||
| Q2 25 | — | $65.0M | ||
| Q1 25 | — | $31.2M | ||
| Q4 24 | — | $45.1M | ||
| Q3 24 | — | $41.9M | ||
| Q2 24 | — | $53.5M | ||
| Q1 24 | — | $30.7M |
自由现金流BRCBSHAK
| Q4 25 | — | $4.0M | ||
| Q3 25 | $-25.8M | $23.7M | ||
| Q2 25 | — | $26.9M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $10.4M | ||
| Q3 24 | — | $7.1M | ||
| Q2 24 | — | $20.6M | ||
| Q1 24 | — | $-2.4M |
自由现金流率BRCBSHAK
| Q4 25 | — | 1.0% | ||
| Q3 25 | -50.2% | 6.5% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | -0.8% |
资本支出强度BRCBSHAK
| Q4 25 | — | 14.8% | ||
| Q3 25 | 44.5% | 10.7% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | 11.4% |
现金转化率BRCBSHAK
| Q4 25 | — | 5.34× | ||
| Q3 25 | — | 5.04× | ||
| Q2 25 | — | 3.79× | ||
| Q1 25 | — | 7.36× | ||
| Q4 24 | — | 5.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.54× | ||
| Q1 24 | — | 15.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
