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Chefs' Warehouse, Inc.（CHEF）与Fabrinet（FN）财务数据对比。点击上方公司名可切换其他公司
Chefs' Warehouse, Inc.的季度营收约是Fabrinet的1.0倍（$1.1B vs $1.1B），Fabrinet净利率更高（9.9% vs 1.9%，领先8.0%），Fabrinet同比增速更快（35.9% vs 10.5%），Chefs' Warehouse, Inc.自由现金流更多（$65.8M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 14.3%）
Chefs' Warehouse, Inc. 是一家北美专业食品分销商，服务对象包括独立餐厅、高端餐饮场所、酒店、餐饮服务商等食品服务运营商，供应超15万种精选产品，涵盖手工食材、特色肉类、海鲜、乳制品、进口高端美食等，适配专业厨师的使用需求。
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
CHEF vs FN — 直观对比
营收规模更大
CHEF
是对方的1.0倍
$1.1B
营收增速更快
FN
高出25.4%
10.5%
净利率更高
FN
高出8.0%
1.9%
自由现金流更多
CHEF
多$71.1M
$-5.3M
两年增速更快
FN
近两年复合增速
14.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.1B |
| 净利润 | $21.7M | $112.6M |
| 毛利率 | 24.2% | 12.2% |
| 营业利润率 | 3.8% | 10.1% |
| 净利率 | 1.9% | 9.9% |
| 营收同比 | 10.5% | 35.9% |
| 净利润同比 | -9.4% | 30.0% |
| 每股收益（稀释后） | $0.50 | $3.11 |
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CHEFFN
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.0B | $978.1M | ||
| Q2 25 | $1.0B | $909.7M | ||
| Q1 25 | $950.7M | $871.8M | ||
| Q4 24 | $1.0B | $833.6M | ||
| Q3 24 | $931.5M | $804.2M | ||
| Q2 24 | $954.7M | $753.3M | ||
| Q1 24 | $874.5M | $731.5M |
净利润CHEFFN
| Q4 25 | $21.7M | $112.6M | ||
| Q3 25 | $19.1M | $95.9M | ||
| Q2 25 | $21.2M | $87.2M | ||
| Q1 25 | $10.3M | $81.3M | ||
| Q4 24 | $23.9M | $86.6M | ||
| Q3 24 | $14.1M | $77.4M | ||
| Q2 24 | $15.5M | $81.1M | ||
| Q1 24 | $1.9M | $80.9M |
毛利率CHEFFN
| Q4 25 | 24.2% | 12.2% | ||
| Q3 25 | 24.2% | 11.9% | ||
| Q2 25 | 24.6% | 12.2% | ||
| Q1 25 | 23.8% | 11.7% | ||
| Q4 24 | 24.3% | 12.1% | ||
| Q3 24 | 24.1% | 12.3% | ||
| Q2 24 | 24.0% | 12.3% | ||
| Q1 24 | 23.9% | 12.4% |
营业利润率CHEFFN
| Q4 25 | 3.8% | 10.1% | ||
| Q3 25 | 3.8% | 9.6% | ||
| Q2 25 | 3.9% | 9.8% | ||
| Q1 25 | 2.4% | 9.0% | ||
| Q4 24 | 4.5% | 9.5% | ||
| Q3 24 | 3.4% | 9.6% | ||
| Q2 24 | 3.5% | 9.7% | ||
| Q1 24 | 1.8% | 9.7% |
净利率CHEFFN
| Q4 25 | 1.9% | 9.9% | ||
| Q3 25 | 1.9% | 9.8% | ||
| Q2 25 | 2.1% | 9.6% | ||
| Q1 25 | 1.1% | 9.3% | ||
| Q4 24 | 2.3% | 10.4% | ||
| Q3 24 | 1.5% | 9.6% | ||
| Q2 24 | 1.6% | 10.8% | ||
| Q1 24 | 0.2% | 11.1% |
每股收益（稀释后）CHEFFN
| Q4 25 | $0.50 | $3.11 | ||
| Q3 25 | $0.44 | $2.66 | ||
| Q2 25 | $0.49 | $2.41 | ||
| Q1 25 | $0.25 | $2.25 | ||
| Q4 24 | $0.56 | $2.38 | ||
| Q3 24 | $0.34 | $2.13 | ||
| Q2 24 | $0.37 | $2.22 | ||
| Q1 24 | $0.05 | $2.21 |
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 | $121.0M | $960.8M |
| 总债务越低越好 | $720.3M | — |
| 股东权益账面价值 | $604.3M | $2.2B |
| 总资产 | $2.0B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资CHEFFN
| Q4 25 | $121.0M | $960.8M | ||
| Q3 25 | $65.1M | $968.8M | ||
| Q2 25 | $96.9M | $934.2M | ||
| Q1 25 | $116.5M | $950.7M | ||
| Q4 24 | $114.7M | $934.6M | ||
| Q3 24 | $50.7M | $908.9M | ||
| Q2 24 | $38.3M | $858.6M | ||
| Q1 24 | $42.3M | $794.0M |
总债务CHEFFN
| Q4 25 | $720.3M | — | ||
| Q3 25 | $711.7M | — | ||
| Q2 25 | $690.2M | — | ||
| Q1 25 | $681.1M | — | ||
| Q4 24 | $688.7M | — | ||
| Q3 24 | $666.6M | — | ||
| Q2 24 | $660.8M | — | ||
| Q1 24 | $667.3M | — |
股东权益CHEFFN
| Q4 25 | $604.3M | $2.2B | ||
| Q3 25 | $576.6M | $2.1B | ||
| Q2 25 | $557.7M | $2.0B | ||
| Q1 25 | $541.6M | $1.9B | ||
| Q4 24 | $537.6M | $1.8B | ||
| Q3 24 | $480.3M | $1.8B | ||
| Q2 24 | $461.9M | $1.7B | ||
| Q1 24 | $447.8M | $1.7B |
总资产CHEFFN
| Q4 25 | $2.0B | $3.3B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $1.8B | $2.6B | ||
| Q4 24 | $1.9B | $2.5B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.7B | $2.3B | ||
| Q1 24 | $1.7B | $2.2B |
负债/权益比CHEFFN
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.28× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 1.43× | — | ||
| Q1 24 | 1.49× | — |
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 | $73.9M | $46.3M |
| 自由现金流经营现金流 - 资本支出 | $65.8M | $-5.3M |
| 自由现金流率自由现金流/营收 | 5.8% | -0.5% |
| 资本支出强度资本支出/营收 | 0.7% | 4.6% |
| 现金转化率经营现金流/净利润 | 3.41× | 0.41× |
| 过去12个月自由现金流最近4个季度 | $87.8M | $102.3M |
8季度趋势，按日历期对齐
经营现金流CHEFFN
| Q4 25 | $73.9M | $46.3M | ||
| Q3 25 | $-8.7M | $102.6M | ||
| Q2 25 | $14.5M | $55.1M | ||
| Q1 25 | $49.6M | $74.2M | ||
| Q4 24 | $73.0M | $115.9M | ||
| Q3 24 | $19.8M | $83.2M | ||
| Q2 24 | $29.3M | $83.1M | ||
| Q1 24 | $30.9M | $100.9M |
自由现金流CHEFFN
| Q4 25 | $65.8M | $-5.3M | ||
| Q3 25 | $-19.7M | $57.3M | ||
| Q2 25 | $4.5M | $4.7M | ||
| Q1 25 | $37.2M | $45.7M | ||
| Q4 24 | $64.6M | $94.0M | ||
| Q3 24 | $11.8M | $62.9M | ||
| Q2 24 | $13.3M | $70.4M | ||
| Q1 24 | $13.8M | $87.3M |
自由现金流率CHEFFN
| Q4 25 | 5.8% | -0.5% | ||
| Q3 25 | -1.9% | 5.9% | ||
| Q2 25 | 0.4% | 0.5% | ||
| Q1 25 | 3.9% | 5.2% | ||
| Q4 24 | 6.3% | 11.3% | ||
| Q3 24 | 1.3% | 7.8% | ||
| Q2 24 | 1.4% | 9.3% | ||
| Q1 24 | 1.6% | 11.9% |
资本支出强度CHEFFN
| Q4 25 | 0.7% | 4.6% | ||
| Q3 25 | 1.1% | 4.6% | ||
| Q2 25 | 1.0% | 5.5% | ||
| Q1 25 | 1.3% | 3.3% | ||
| Q4 24 | 0.8% | 2.6% | ||
| Q3 24 | 0.9% | 2.5% | ||
| Q2 24 | 1.7% | 1.7% | ||
| Q1 24 | 2.0% | 1.9% |
现金转化率CHEFFN
| Q4 25 | 3.41× | 0.41× | ||
| Q3 25 | -0.46× | 1.07× | ||
| Q2 25 | 0.68× | 0.63× | ||
| Q1 25 | 4.82× | 0.91× | ||
| Q4 24 | 3.05× | 1.34× | ||
| Q3 24 | 1.41× | 1.07× | ||
| Q2 24 | 1.89× | 1.02× | ||
| Q1 24 | 16.00× | 1.25× |
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
CHEF
| Center Of The Plate Product | $459.1M | 40% |
| Dry Goods Product | $175.7M | 15% |
| Pastry Product | $160.5M | 14% |
| Produce | $147.9M | 13% |
| Cheese And Charcuterie Product | $75.3M | 7% |
| Dairy And Eggs Product | $69.2M | 6% |
| Oils And Vinegar Product | $32.4M | 3% |
| Kitchen Supplies Product | $22.4M | 2% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
