vs
Traeger, Inc.（COOK）与GCM Grosvenor Inc.（GCMG）财务数据对比。点击上方公司名可切换其他公司
GCM Grosvenor Inc.的季度营收约是Traeger, Inc.的1.2倍（$177.1M vs $145.4M），GCM Grosvenor Inc.净利率更高（32.8% vs -11.8%，领先44.7%），GCM Grosvenor Inc.同比增速更快（7.2% vs -13.8%），GCM Grosvenor Inc.自由现金流更多（$175.0M vs $14.2M），过去两年GCM Grosvenor Inc.的营收复合增速更高（27.5% 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。
GCM Grosvenor是美国头部另类资产管理机构，截至2023年资产管理规模约760亿美元，拥有约530名专业人士，为全球机构及个人投资者提供定制化另类投资解决方案，覆盖私募股权、对冲基金、房地产、基础设施等多元资产类别。
COOK vs GCMG — 直观对比
营收规模更大
GCMG
是对方的1.2倍
$145.4M
营收增速更快
GCMG
高出21.0%
-13.8%
净利率更高
GCMG
高出44.7%
-11.8%
自由现金流更多
GCMG
多$160.9M
$14.2M
两年增速更快
GCMG
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.4M | $177.1M |
| 净利润 | $-17.2M | $58.2M |
| 毛利率 | 37.4% | — |
| 营业利润率 | -8.0% | 30.9% |
| 净利率 | -11.8% | 32.8% |
| 营收同比 | -13.8% | 7.2% |
| 净利润同比 | -147.2% | 149.2% |
| 每股收益（稀释后） | $-0.13 | $0.23 |
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COOKGCMG
| Q4 25 | $145.4M | $177.1M | ||
| Q3 25 | $125.4M | $135.0M | ||
| Q2 25 | $145.5M | $119.7M | ||
| Q1 25 | $143.3M | $125.8M | ||
| Q4 24 | $168.6M | $165.3M | ||
| Q3 24 | $122.0M | $122.9M | ||
| Q2 24 | $168.5M | $117.0M | ||
| Q1 24 | $144.9M | $108.9M |
净利润COOKGCMG
| Q4 25 | $-17.2M | $58.2M | ||
| Q3 25 | $-89.8M | $10.5M | ||
| Q2 25 | $-7.4M | $15.4M | ||
| Q1 25 | $-778.0K | $463.0K | ||
| Q4 24 | $-7.0M | $7.6M | ||
| Q3 24 | $-19.8M | $4.2M | ||
| Q2 24 | $-2.6M | $4.8M | ||
| Q1 24 | $-4.7M | $2.1M |
毛利率COOKGCMG
| 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COOKGCMG
| Q4 25 | -8.0% | 30.9% | ||
| Q3 25 | -66.5% | 32.7% | ||
| Q2 25 | -4.2% | 16.1% | ||
| Q1 25 | 2.4% | 12.2% | ||
| Q4 24 | -0.1% | 26.4% | ||
| Q3 24 | -6.1% | 20.3% | ||
| Q2 24 | 2.8% | 17.8% | ||
| Q1 24 | -0.1% | -14.7% |
净利率COOKGCMG
| Q4 25 | -11.8% | 32.8% | ||
| Q3 25 | -71.6% | 7.8% | ||
| Q2 25 | -5.1% | 12.9% | ||
| Q1 25 | -0.5% | 0.4% | ||
| Q4 24 | -4.1% | 4.6% | ||
| Q3 24 | -16.2% | 3.4% | ||
| Q2 24 | -1.5% | 4.1% | ||
| Q1 24 | -3.2% | 2.0% |
每股收益（稀释后）COOKGCMG
| Q4 25 | $-0.13 | $0.23 | ||
| Q3 25 | $-0.67 | $0.16 | ||
| Q2 25 | $-0.06 | $0.05 | ||
| Q1 25 | $-0.01 | $-0.02 | ||
| Q4 24 | $-0.06 | $0.09 | ||
| Q3 24 | $-0.15 | $0.03 | ||
| Q2 24 | $-0.02 | $0.04 | ||
| Q1 24 | $-0.04 | $-0.13 |
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 | $242.1M |
| 总债务越低越好 | $403.3M | $428.4M |
| 股东权益账面价值 | $170.8M | $27.0M |
| 总资产 | $676.0M | $813.8M |
| 负债/权益比越低杠杆越低 | 2.36× | 15.87× |
8季度趋势，按日历期对齐
现金及短期投资COOKGCMG
| Q4 25 | $19.6M | $242.1M | ||
| Q3 25 | $5.9M | $182.7M | ||
| Q2 25 | $10.3M | $136.3M | ||
| Q1 25 | $12.0M | $94.5M | ||
| Q4 24 | $15.0M | $89.5M | ||
| Q3 24 | $16.9M | $98.4M | ||
| Q2 24 | $18.0M | $73.9M | ||
| Q1 24 | $23.6M | $41.9M |
总债务COOKGCMG
| Q4 25 | $403.3M | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | — | $431.1M | ||
| Q4 24 | $403.6M | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M | ||
| Q1 24 | — | $384.0M |
股东权益COOKGCMG
| Q4 25 | $170.8M | $27.0M | ||
| Q3 25 | $186.1M | $-7.4M | ||
| Q2 25 | $274.2M | $-12.3M | ||
| Q1 25 | $279.6M | $-28.3M | ||
| Q4 24 | $276.4M | $-27.6M | ||
| Q3 24 | $279.8M | $-31.9M | ||
| Q2 24 | $297.3M | $-28.5M | ||
| Q1 24 | $294.6M | $-26.4M |
总资产COOKGCMG
| Q4 25 | $676.0M | $813.8M | ||
| Q3 25 | $689.6M | $685.9M | ||
| Q2 25 | $780.6M | $636.9M | ||
| Q1 25 | $825.6M | $579.8M | ||
| Q4 24 | $830.7M | $612.7M | ||
| Q3 24 | $818.1M | $575.0M | ||
| Q2 24 | $842.4M | $543.9M | ||
| Q1 24 | $862.1M | $497.3M |
负债/权益比COOKGCMG
| Q4 25 | 2.36× | 15.87× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $183.5M |
| 自由现金流经营现金流 - 资本支出 | $14.2M | $175.0M |
| 自由现金流率自由现金流/营收 | 9.8% | 98.8% |
| 资本支出强度资本支出/营收 | 0.9% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 3.16× |
| 过去12个月自由现金流最近4个季度 | $13.6M | $326.2M |
8季度趋势，按日历期对齐
经营现金流COOKGCMG
| Q4 25 | $15.5M | $183.5M | ||
| Q3 25 | $7.6M | $79.8M | ||
| Q2 25 | $18.3M | $42.0M | ||
| Q1 25 | $-20.8M | $33.3M | ||
| Q4 24 | $7.5M | $148.8M | ||
| Q3 24 | $15.1M | $69.0M | ||
| Q2 24 | $13.9M | $17.5M | ||
| Q1 24 | $-12.6M | $24.2M |
自由现金流COOKGCMG
| Q4 25 | $14.2M | $175.0M | ||
| Q3 25 | $6.4M | $78.3M | ||
| Q2 25 | $15.7M | $40.8M | ||
| Q1 25 | $-22.7M | $32.1M | ||
| Q4 24 | $5.5M | $132.0M | ||
| Q3 24 | $12.8M | $62.2M | ||
| Q2 24 | $11.8M | $12.8M | ||
| Q1 24 | $-18.3M | $20.0M |
自由现金流率COOKGCMG
| Q4 25 | 9.8% | 98.8% | ||
| Q3 25 | 5.1% | 58.0% | ||
| Q2 25 | 10.8% | 34.1% | ||
| Q1 25 | -15.8% | 25.5% | ||
| Q4 24 | 3.3% | 79.9% | ||
| Q3 24 | 10.5% | 50.6% | ||
| Q2 24 | 7.0% | 10.9% | ||
| Q1 24 | -12.6% | 18.4% |
资本支出强度COOKGCMG
| Q4 25 | 0.9% | 4.8% | ||
| Q3 25 | 0.9% | 1.1% | ||
| Q2 25 | 1.8% | 1.0% | ||
| Q1 25 | 1.3% | 0.9% | ||
| Q4 24 | 1.2% | 10.1% | ||
| Q3 24 | 1.9% | 5.5% | ||
| Q2 24 | 1.2% | 4.0% | ||
| Q1 24 | 3.9% | 3.9% |
现金转化率COOKGCMG
| Q4 25 | — | 3.16× | ||
| Q3 25 | — | 7.61× | ||
| Q2 25 | — | 2.72× | ||
| Q1 25 | — | 71.84× | ||
| Q4 24 | — | 19.54× | ||
| Q3 24 | — | 16.60× | ||
| Q2 24 | — | 3.64× | ||
| Q1 24 | — | 11.40× |
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% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
