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Traeger, Inc.（COOK）与FTAI Infrastructure Inc.（FIP）财务数据对比。点击上方公司名可切换其他公司
Traeger, Inc.的季度营收约是FTAI Infrastructure Inc.的1.0倍（$145.4M vs $143.5M），Traeger, Inc.净利率更高（-11.8% vs -68.1%，领先56.3%），FTAI Infrastructure Inc.同比增速更快（77.7% vs -13.8%），Traeger, Inc.自由现金流更多（$14.2M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 0.2%）
Traeger, Inc.是一家专注于户外烹饪设备研发生产的企业，主营高端木颗粒烤炉、配套配件及专用木颗粒燃料，主要面向北美、欧洲、澳洲市场，通过零售渠道和直营模式服务家庭及商用餐饮客户。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
COOK vs FIP — 直观对比
营收规模更大
COOK
是对方的1.0倍
$143.5M
营收增速更快
FIP
高出91.5%
-13.8%
净利率更高
COOK
高出56.3%
-68.1%
自由现金流更多
COOK
多$82.8M
$-68.6M
两年增速更快
FIP
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.4M | $143.5M |
| 净利润 | $-17.2M | $-97.7M |
| 毛利率 | 37.4% | — |
| 营业利润率 | -8.0% | -45.7% |
| 净利率 | -11.8% | -68.1% |
| 营收同比 | -13.8% | 77.7% |
| 净利润同比 | -147.2% | 21.6% |
| 每股收益（稀释后） | $-0.13 | $-1.04 |
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COOKFIP
| Q4 25 | $145.4M | $143.5M | ||
| Q3 25 | $125.4M | $140.6M | ||
| Q2 25 | $145.5M | $122.3M | ||
| Q1 25 | $143.3M | $96.2M | ||
| Q4 24 | $168.6M | $80.8M | ||
| Q3 24 | $122.0M | $83.3M | ||
| Q2 24 | $168.5M | $84.9M | ||
| Q1 24 | $144.9M | $82.5M |
净利润COOKFIP
| Q4 25 | $-17.2M | $-97.7M | ||
| Q3 25 | $-89.8M | $-104.5M | ||
| Q2 25 | $-7.4M | $-70.0M | ||
| Q1 25 | $-778.0K | $120.2M | ||
| Q4 24 | $-7.0M | $-124.7M | ||
| Q3 24 | $-19.8M | $-43.0M | ||
| Q2 24 | $-2.6M | $-48.1M | ||
| Q1 24 | $-4.7M | $-50.3M |
毛利率COOKFIP
| Q4 25 | 37.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.2% | — | ||
| Q1 25 | 41.5% | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.3% | — | ||
| Q2 24 | 42.9% | — | ||
| Q1 24 | 43.2% | — |
营业利润率COOKFIP
| Q4 25 | -8.0% | -45.7% | ||
| Q3 25 | -66.5% | -70.8% | ||
| Q2 25 | -4.2% | -56.4% | ||
| Q1 25 | 2.4% | 81.8% | ||
| Q4 24 | -0.1% | -152.7% | ||
| Q3 24 | -6.1% | -51.7% | ||
| Q2 24 | 2.8% | -56.4% | ||
| Q1 24 | -0.1% | -58.8% |
净利率COOKFIP
| Q4 25 | -11.8% | -68.1% | ||
| Q3 25 | -71.6% | -74.4% | ||
| Q2 25 | -5.1% | -57.2% | ||
| Q1 25 | -0.5% | 125.0% | ||
| Q4 24 | -4.1% | -154.4% | ||
| Q3 24 | -16.2% | -51.6% | ||
| Q2 24 | -1.5% | -56.7% | ||
| Q1 24 | -3.2% | -60.9% |
每股收益（稀释后）COOKFIP
| Q4 25 | $-0.13 | $-1.04 | ||
| Q3 25 | $-0.67 | $-1.38 | ||
| Q2 25 | $-0.06 | $-0.73 | ||
| Q1 25 | $-0.01 | $0.89 | ||
| Q4 24 | $-0.06 | $-1.21 | ||
| Q3 24 | $-0.15 | $-0.45 | ||
| Q2 24 | $-0.02 | $-0.52 | ||
| Q1 24 | $-0.04 | $-0.54 |
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 | $19.6M | $57.4M |
| 总债务越低越好 | $403.3M | $3.8B |
| 股东权益账面价值 | $170.8M | $21.3M |
| 总资产 | $676.0M | $5.7B |
| 负债/权益比越低杠杆越低 | 2.36× | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资COOKFIP
| Q4 25 | $19.6M | $57.4M | ||
| Q3 25 | $5.9M | $34.7M | ||
| Q2 25 | $10.3M | $33.6M | ||
| Q1 25 | $12.0M | $26.3M | ||
| Q4 24 | $15.0M | $27.8M | ||
| Q3 24 | $16.9M | $20.3M | ||
| Q2 24 | $18.0M | $33.1M | ||
| Q1 24 | $23.6M | $23.0M |
总债务COOKFIP
| Q4 25 | $403.3M | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $403.6M | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.3B |
股东权益COOKFIP
| Q4 25 | $170.8M | $21.3M | ||
| Q3 25 | $186.1M | $181.1M | ||
| Q2 25 | $274.2M | $375.5M | ||
| Q1 25 | $279.6M | $476.2M | ||
| Q4 24 | $276.4M | $202.7M | ||
| Q3 24 | $279.8M | $370.8M | ||
| Q2 24 | $297.3M | $394.8M | ||
| Q1 24 | $294.6M | $402.5M |
总资产COOKFIP
| Q4 25 | $676.0M | $5.7B | ||
| Q3 25 | $689.6M | $5.5B | ||
| Q2 25 | $780.6M | $4.4B | ||
| Q1 25 | $825.6M | $4.1B | ||
| Q4 24 | $830.7M | $2.4B | ||
| Q3 24 | $818.1M | $2.4B | ||
| Q2 24 | $842.4M | $2.5B | ||
| Q1 24 | $862.1M | $2.3B |
负债/权益比COOKFIP
| Q4 25 | 2.36× | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | 1.46× | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× | ||
| Q1 24 | — | 3.34× |
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 | $15.5M | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | $14.2M | $-68.6M |
| 自由现金流率自由现金流/营收 | 9.8% | -47.8% |
| 资本支出强度资本支出/营收 | 0.9% | 45.9% |
| 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 | $13.6M | $-398.5M |
8季度趋势，按日历期对齐
经营现金流COOKFIP
| Q4 25 | $15.5M | $-2.8M | ||
| Q3 25 | $7.6M | $-24.4M | ||
| Q2 25 | $18.3M | $-5.2M | ||
| Q1 25 | $-20.8M | $-85.7M | ||
| Q4 24 | $7.5M | $-8.1M | ||
| Q3 24 | $15.1M | $14.2M | ||
| Q2 24 | $13.9M | $-17.6M | ||
| Q1 24 | $-12.6M | $-3.9M |
自由现金流COOKFIP
| Q4 25 | $14.2M | $-68.6M | ||
| Q3 25 | $6.4M | $-90.7M | ||
| Q2 25 | $15.7M | $-87.5M | ||
| Q1 25 | $-22.7M | $-151.7M | ||
| Q4 24 | $5.5M | $-34.3M | ||
| Q3 24 | $12.8M | $-11.7M | ||
| Q2 24 | $11.8M | $-32.1M | ||
| Q1 24 | $-18.3M | $-16.7M |
自由现金流率COOKFIP
| Q4 25 | 9.8% | -47.8% | ||
| Q3 25 | 5.1% | -64.5% | ||
| Q2 25 | 10.8% | -71.6% | ||
| Q1 25 | -15.8% | -157.7% | ||
| Q4 24 | 3.3% | -42.4% | ||
| Q3 24 | 10.5% | -14.0% | ||
| Q2 24 | 7.0% | -37.9% | ||
| Q1 24 | -12.6% | -20.3% |
资本支出强度COOKFIP
| Q4 25 | 0.9% | 45.9% | ||
| Q3 25 | 0.9% | 47.2% | ||
| Q2 25 | 1.8% | 67.3% | ||
| Q1 25 | 1.3% | 68.6% | ||
| Q4 24 | 1.2% | 32.5% | ||
| Q3 24 | 1.9% | 31.1% | ||
| Q2 24 | 1.2% | 17.2% | ||
| Q1 24 | 3.9% | 15.6% |
现金转化率COOKFIP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
COOK
| Grills | $60.6M | 42% |
| Accessories | $49.2M | 34% |
| Consumables | $35.5M | 24% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
