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科睿唯安（CLVT）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
科睿唯安的季度营收约是First Watch Restaurant Group, Inc.的1.9倍（$585.5M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs -1.4%），科睿唯安自由现金流更多（$78.9M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs -5.1%）
科睿唯安是一家英美合资的上市分析服务企业，主要提供订阅制信息服务，覆盖文献计量、科学计量、商业与市场情报领域，同时为医药、生物科技行业提供专利、监管合规相关的竞争分析，也提供商标保护、域名与品牌保护服务，旗下Web of Science产品系列还负责计算学术期刊的影响因子。
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。
CLVT vs FWRG — 直观对比
营收规模更大
CLVT
是对方的1.9倍
$316.4M
营收增速更快
FWRG
高出21.5%
-1.4%
自由现金流更多
CLVT
多$97.2M
$-18.3M
两年增速更快
FWRG
近两年复合增速
-5.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $585.5M | $316.4M |
| 净利润 | $-40.2M | — |
| 毛利率 | 67.2% | — |
| 营业利润率 | 5.2% | 2.9% |
| 净利率 | -6.9% | — |
| 营收同比 | -1.4% | 20.2% |
| 净利润同比 | 61.3% | — |
| 每股收益（稀释后） | $-0.06 | $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CLVTFWRG
| Q1 26 | $585.5M | — | ||
| Q4 25 | $617.0M | $316.4M | ||
| Q3 25 | $623.1M | $316.0M | ||
| Q2 25 | $621.4M | $307.9M | ||
| Q1 25 | $593.7M | $282.2M | ||
| Q4 24 | $663.0M | $263.3M | ||
| Q3 24 | $622.2M | $251.6M | ||
| Q2 24 | $650.3M | $258.6M |
净利润CLVTFWRG
| Q1 26 | $-40.2M | — | ||
| Q4 25 | $3.1M | — | ||
| Q3 25 | $-28.3M | $3.0M | ||
| Q2 25 | $-72.0M | $2.1M | ||
| Q1 25 | $-103.9M | $-829.0K | ||
| Q4 24 | $-191.8M | — | ||
| Q3 24 | $-65.6M | $2.1M | ||
| Q2 24 | $-304.3M | $8.9M |
毛利率CLVTFWRG
| Q1 26 | 67.2% | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 65.0% | — | ||
| Q2 25 | 67.2% | — | ||
| Q1 25 | 65.1% | — | ||
| Q4 24 | 65.7% | — | ||
| Q3 24 | 66.2% | — | ||
| Q2 24 | 67.2% | — |
营业利润率CLVTFWRG
| Q1 26 | 5.2% | — | ||
| Q4 25 | 6.7% | 2.9% | ||
| Q3 25 | 7.1% | 3.2% | ||
| Q2 25 | 1.1% | 2.4% | ||
| Q1 25 | -3.5% | 0.4% | ||
| Q4 24 | -9.4% | 1.5% | ||
| Q3 24 | 3.5% | 2.5% | ||
| Q2 24 | -36.9% | 6.4% |
净利率CLVTFWRG
| Q1 26 | -6.9% | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | -4.5% | 0.9% | ||
| Q2 25 | -11.6% | 0.7% | ||
| Q1 25 | -17.5% | -0.3% | ||
| Q4 24 | -28.9% | — | ||
| Q3 24 | -10.5% | 0.8% | ||
| Q2 24 | -46.8% | 3.4% |
每股收益（稀释后）CLVTFWRG
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.00 | $0.24 | ||
| Q3 25 | $-0.04 | $0.05 | ||
| Q2 25 | $-0.11 | $0.03 | ||
| Q1 25 | $-0.15 | $-0.01 | ||
| Q4 24 | $-0.27 | $0.01 | ||
| Q3 24 | $-0.09 | $0.03 | ||
| Q2 24 | $-0.46 | $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 | — | $21.2M |
| 总债务越低越好 | $4.3B | $269.1M |
| 股东权益账面价值 | $4.8B | $626.3M |
| 总资产 | $10.9B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.89× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资CLVTFWRG
| Q1 26 | — | — | ||
| Q4 25 | $329.2M | $21.2M | ||
| Q3 25 | $318.7M | $20.7M | ||
| Q2 25 | $362.6M | $19.2M | ||
| Q1 25 | $354.0M | $18.6M | ||
| Q4 24 | $295.2M | $33.3M | ||
| Q3 24 | $388.5M | $51.1M | ||
| Q2 24 | $376.4M | $45.1M |
总债务CLVTFWRG
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $269.1M | ||
| Q3 25 | $4.4B | $251.0M | ||
| Q2 25 | $4.5B | $250.0M | ||
| Q1 25 | $4.5B | $191.5M | ||
| Q4 24 | $4.5B | $189.0M | ||
| Q3 24 | $4.6B | $189.7M | ||
| Q2 24 | $4.6B | $192.1M |
股东权益CLVTFWRG
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.8B | $626.3M | ||
| Q3 25 | $4.9B | $607.3M | ||
| Q2 25 | $5.0B | $601.3M | ||
| Q1 25 | $5.0B | $596.3M | ||
| Q4 24 | $5.1B | $595.4M | ||
| Q3 24 | $5.5B | $589.1M | ||
| Q2 24 | $5.6B | $585.8M |
总资产CLVTFWRG
| Q1 26 | $10.9B | — | ||
| Q4 25 | $11.1B | $1.7B | ||
| Q3 25 | $11.2B | $1.7B | ||
| Q2 25 | $11.4B | $1.7B | ||
| Q1 25 | $11.5B | $1.5B | ||
| Q4 24 | $11.5B | $1.5B | ||
| Q3 24 | $12.0B | $1.5B | ||
| Q2 24 | $12.1B | $1.4B |
负债/权益比CLVTFWRG
| Q1 26 | 0.89× | — | ||
| Q4 25 | 0.89× | 0.43× | ||
| Q3 25 | 0.90× | 0.41× | ||
| Q2 25 | 0.90× | 0.42× | ||
| Q1 25 | 0.90× | 0.32× | ||
| Q4 24 | 0.88× | 0.32× | ||
| Q3 24 | 0.84× | 0.32× | ||
| Q2 24 | 0.83× | 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 | $134.7M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $78.9M | $-18.3M |
| 自由现金流率自由现金流/营收 | 13.5% | -5.8% |
| 资本支出强度资本支出/营收 | 9.5% | 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 | $333.9M | $-31.0M |
8季度趋势，按日历期对齐
经营现金流CLVTFWRG
| Q1 26 | $134.7M | — | ||
| Q4 25 | $159.9M | $18.5M | ||
| Q3 25 | $181.1M | $47.9M | ||
| Q2 25 | $116.3M | $39.4M | ||
| Q1 25 | $171.2M | $20.1M | ||
| Q4 24 | $141.3M | $22.9M | ||
| Q3 24 | $202.9M | $35.9M | ||
| Q2 24 | $126.2M | $31.9M |
自由现金流CLVTFWRG
| Q1 26 | $78.9M | — | ||
| Q4 25 | $89.2M | $-18.3M | ||
| Q3 25 | $115.5M | $5.5M | ||
| Q2 25 | $50.3M | $-1.7M | ||
| Q1 25 | $110.3M | $-16.4M | ||
| Q4 24 | $59.1M | $-17.7M | ||
| Q3 24 | $126.3M | $6.8M | ||
| Q2 24 | $60.3M | $2.3M |
自由现金流率CLVTFWRG
| Q1 26 | 13.5% | — | ||
| Q4 25 | 14.5% | -5.8% | ||
| Q3 25 | 18.5% | 1.7% | ||
| Q2 25 | 8.1% | -0.5% | ||
| Q1 25 | 18.6% | -5.8% | ||
| Q4 24 | 8.9% | -6.7% | ||
| Q3 24 | 20.3% | 2.7% | ||
| Q2 24 | 9.3% | 0.9% |
资本支出强度CLVTFWRG
| Q1 26 | 9.5% | — | ||
| Q4 25 | 11.5% | 11.6% | ||
| Q3 25 | 10.5% | 13.4% | ||
| Q2 25 | 10.6% | 13.4% | ||
| Q1 25 | 10.3% | 13.0% | ||
| Q4 24 | 12.4% | 15.4% | ||
| Q3 24 | 12.3% | 11.6% | ||
| Q2 24 | 10.1% | 11.5% |
现金转化率CLVTFWRG
| Q1 26 | — | — | ||
| Q4 25 | 51.58× | — | ||
| Q3 25 | — | 16.01× | ||
| Q2 25 | — | 18.72× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 16.98× | ||
| Q2 24 | — | 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
CLVT
| Subscription | $397.5M | 68% |
| Re-occurring | $108.6M | 19% |
| Transactional | $79.4M | 14% |
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% |
