vs
Traeger, Inc.（COOK）与Safehold Inc.（SAFE）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Safehold Inc.的1.5倍（$145.4M vs $97.9M），Safehold Inc.净利率更高（28.5% vs -11.8%，领先40.3%），Safehold Inc.同比增速更快（6.5% vs -13.8%），过去两年Safehold Inc.的营收复合增速更高（2.5% 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。
SAFE投资有限公司是一家位于中国香港的中国主权财富基金，主要承担主权财富相关的投资运营职能，依托香港的国际金融中心优势开展相关投资业务。
COOK vs SAFE — 直观对比
营收规模更大
COOK
是对方的1.5倍
$97.9M
营收增速更快
SAFE
高出20.3%
-13.8%
净利率更高
SAFE
高出40.3%
-11.8%
两年增速更快
SAFE
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.4M | $97.9M |
| 净利润 | $-17.2M | $27.9M |
| 毛利率 | 37.4% | 98.6% |
| 营业利润率 | -8.0% | 27.4% |
| 净利率 | -11.8% | 28.5% |
| 营收同比 | -13.8% | 6.5% |
| 净利润同比 | -147.2% | 7.1% |
| 每股收益（稀释后） | $-0.13 | $0.38 |
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COOKSAFE
| Q4 25 | $145.4M | $97.9M | ||
| Q3 25 | $125.4M | $96.2M | ||
| Q2 25 | $145.5M | $93.8M | ||
| Q1 25 | $143.3M | $97.7M | ||
| Q4 24 | $168.6M | $91.9M | ||
| Q3 24 | $122.0M | $90.7M | ||
| Q2 24 | $168.5M | $89.9M | ||
| Q1 24 | $144.9M | $93.2M |
净利润COOKSAFE
| Q4 25 | $-17.2M | $27.9M | ||
| Q3 25 | $-89.8M | $29.3M | ||
| Q2 25 | $-7.4M | $27.9M | ||
| Q1 25 | $-778.0K | $29.4M | ||
| Q4 24 | $-7.0M | $26.0M | ||
| Q3 24 | $-19.8M | $19.3M | ||
| Q2 24 | $-2.6M | $29.7M | ||
| Q1 24 | $-4.7M | $30.7M |
毛利率COOKSAFE
| Q4 25 | 37.4% | 98.6% | ||
| Q3 25 | 38.7% | 98.5% | ||
| Q2 25 | 39.2% | 99.1% | ||
| Q1 25 | 41.5% | 98.8% | ||
| Q4 24 | 40.9% | 98.8% | ||
| Q3 24 | 42.3% | 98.8% | ||
| Q2 24 | 42.9% | 98.8% | ||
| Q1 24 | 43.2% | 98.8% |
营业利润率COOKSAFE
| Q4 25 | -8.0% | 27.4% | ||
| Q3 25 | -66.5% | 25.9% | ||
| Q2 25 | -4.2% | 25.5% | ||
| Q1 25 | 2.4% | 25.9% | ||
| Q4 24 | -0.1% | 24.6% | ||
| Q3 24 | -6.1% | 17.5% | ||
| Q2 24 | 2.8% | 26.7% | ||
| Q1 24 | -0.1% | 26.4% |
净利率COOKSAFE
| Q4 25 | -11.8% | 28.5% | ||
| Q3 25 | -71.6% | 30.5% | ||
| Q2 25 | -5.1% | 29.8% | ||
| Q1 25 | -0.5% | 30.1% | ||
| Q4 24 | -4.1% | 28.3% | ||
| Q3 24 | -16.2% | 21.3% | ||
| Q2 24 | -1.5% | 33.0% | ||
| Q1 24 | -3.2% | 33.0% |
每股收益（稀释后）COOKSAFE
| Q4 25 | $-0.13 | $0.38 | ||
| Q3 25 | $-0.67 | $0.41 | ||
| Q2 25 | $-0.06 | $0.39 | ||
| Q1 25 | $-0.01 | $0.41 | ||
| Q4 24 | $-0.06 | $0.36 | ||
| Q3 24 | $-0.15 | $0.27 | ||
| Q2 24 | $-0.02 | $0.42 | ||
| Q1 24 | $-0.04 | $0.43 |
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 | $21.7M |
| 总债务越低越好 | $403.3M | $4.6B |
| 股东权益账面价值 | $170.8M | $2.4B |
| 总资产 | $676.0M | $7.2B |
| 负债/权益比越低杠杆越低 | 2.36× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资COOKSAFE
| Q4 25 | $19.6M | $21.7M | ||
| Q3 25 | $5.9M | $12.1M | ||
| Q2 25 | $10.3M | $13.9M | ||
| Q1 25 | $12.0M | $17.3M | ||
| Q4 24 | $15.0M | $8.3M | ||
| Q3 24 | $16.9M | $15.6M | ||
| Q2 24 | $18.0M | $13.4M | ||
| Q1 24 | $23.6M | $11.3M |
总债务COOKSAFE
| Q4 25 | $403.3M | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $403.6M | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
股东权益COOKSAFE
| Q4 25 | $170.8M | $2.4B | ||
| Q3 25 | $186.1M | $2.4B | ||
| Q2 25 | $274.2M | $2.4B | ||
| Q1 25 | $279.6M | $2.4B | ||
| Q4 24 | $276.4M | $2.3B | ||
| Q3 24 | $279.8M | $2.3B | ||
| Q2 24 | $297.3M | $2.3B | ||
| Q1 24 | $294.6M | $2.3B |
总资产COOKSAFE
| Q4 25 | $676.0M | $7.2B | ||
| Q3 25 | $689.6M | $7.1B | ||
| Q2 25 | $780.6M | $7.1B | ||
| Q1 25 | $825.6M | $6.9B | ||
| Q4 24 | $830.7M | $6.9B | ||
| Q3 24 | $818.1M | $6.8B | ||
| Q2 24 | $842.4M | $6.8B | ||
| Q1 24 | $862.1M | $6.7B |
负债/权益比COOKSAFE
| Q4 25 | 2.36× | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | 1.46× | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.81× |
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 | $47.8M |
| 自由现金流经营现金流 - 资本支出 | $14.2M | — |
| 自由现金流率自由现金流/营收 | 9.8% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | — | 1.72× |
| 过去12个月自由现金流最近4个季度 | $13.6M | — |
8季度趋势，按日历期对齐
经营现金流COOKSAFE
| Q4 25 | $15.5M | $47.8M | ||
| Q3 25 | $7.6M | $-1.4M | ||
| Q2 25 | $18.3M | $28.0M | ||
| Q1 25 | $-20.8M | $8.9M | ||
| Q4 24 | $7.5M | $37.9M | ||
| Q3 24 | $15.1M | $8.3M | ||
| Q2 24 | $13.9M | $24.8M | ||
| Q1 24 | $-12.6M | $-3.1M |
自由现金流COOKSAFE
| Q4 25 | $14.2M | — | ||
| Q3 25 | $6.4M | — | ||
| Q2 25 | $15.7M | — | ||
| Q1 25 | $-22.7M | — | ||
| Q4 24 | $5.5M | — | ||
| Q3 24 | $12.8M | — | ||
| Q2 24 | $11.8M | — | ||
| Q1 24 | $-18.3M | — |
自由现金流率COOKSAFE
| Q4 25 | 9.8% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 10.8% | — | ||
| Q1 25 | -15.8% | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 7.0% | — | ||
| Q1 24 | -12.6% | — |
资本支出强度COOKSAFE
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 3.9% | — |
现金转化率COOKSAFE
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
