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Traeger, Inc.（COOK）与Tilray Brands, Inc.（TLRY）财务数据对比。点击上方公司名可切换其他公司
Tilray Brands, Inc.的季度营收约是Traeger, Inc.的1.5倍（$217.5M vs $145.4M），Traeger, Inc.净利率更高（-11.8% vs -20.7%，领先8.8%），Tilray Brands, Inc.同比增速更快（3.1% vs -13.8%），过去两年Tilray Brands, Inc.的营收复合增速更高（7.5% 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。
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
COOK vs TLRY — 直观对比
营收规模更大
TLRY
是对方的1.5倍
$145.4M
营收增速更快
TLRY
高出16.9%
-13.8%
净利率更高
COOK
高出8.8%
-20.7%
两年增速更快
TLRY
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $145.4M | $217.5M |
| 净利润 | $-17.2M | $-44.9M |
| 毛利率 | 37.4% | 26.4% |
| 营业利润率 | -8.0% | -10.2% |
| 净利率 | -11.8% | -20.7% |
| 营收同比 | -13.8% | 3.1% |
| 净利润同比 | -147.2% | 47.4% |
| 每股收益（稀释后） | $-0.13 | $-0.41 |
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COOKTLRY
| Q4 25 | $145.4M | $217.5M | ||
| Q3 25 | $125.4M | $209.5M | ||
| Q2 25 | $145.5M | $224.5M | ||
| Q1 25 | $143.3M | $185.8M | ||
| Q4 24 | $168.6M | $210.9M | ||
| Q3 24 | $122.0M | $200.0M | ||
| Q2 24 | $168.5M | $229.9M | ||
| Q1 24 | $144.9M | $188.3M |
净利润COOKTLRY
| Q4 25 | $-17.2M | $-44.9M | ||
| Q3 25 | $-89.8M | $-322.0K | ||
| Q2 25 | $-7.4M | $-1.3B | ||
| Q1 25 | $-778.0K | $-789.4M | ||
| Q4 24 | $-7.0M | $-85.3M | ||
| Q3 24 | $-19.8M | $-39.2M | ||
| Q2 24 | $-2.6M | $-31.7M | ||
| Q1 24 | $-4.7M | $-92.7M |
毛利率COOKTLRY
| Q4 25 | 37.4% | 26.4% | ||
| Q3 25 | 38.7% | 27.4% | ||
| Q2 25 | 39.2% | 30.1% | ||
| Q1 25 | 41.5% | 28.0% | ||
| Q4 24 | 40.9% | 29.0% | ||
| Q3 24 | 42.3% | 29.8% | ||
| Q2 24 | 42.9% | 35.8% | ||
| Q1 24 | 43.2% | 26.2% |
营业利润率COOKTLRY
| Q4 25 | -8.0% | -10.2% | ||
| Q3 25 | -66.5% | 1.0% | ||
| Q2 25 | -4.2% | -643.1% | ||
| Q1 25 | 2.4% | -409.0% | ||
| Q4 24 | -0.1% | -20.0% | ||
| Q3 24 | -6.1% | -18.3% | ||
| Q2 24 | 2.8% | -7.2% | ||
| Q1 24 | -0.1% | -43.6% |
净利率COOKTLRY
| Q4 25 | -11.8% | -20.7% | ||
| Q3 25 | -71.6% | -0.2% | ||
| Q2 25 | -5.1% | -566.9% | ||
| Q1 25 | -0.5% | -424.9% | ||
| Q4 24 | -4.1% | -40.5% | ||
| Q3 24 | -16.2% | -19.6% | ||
| Q2 24 | -1.5% | -13.8% | ||
| Q1 24 | -3.2% | -49.2% |
每股收益（稀释后）COOKTLRY
| Q4 25 | $-0.13 | $-0.41 | ||
| Q3 25 | $-0.67 | $0.00 | ||
| Q2 25 | $-0.06 | $7.26 | ||
| Q1 25 | $-0.01 | $-8.69 | ||
| Q4 24 | $-0.06 | $-0.99 | ||
| Q3 24 | $-0.15 | $-0.04 | ||
| Q2 24 | $-0.02 | $-0.04 | ||
| Q1 24 | $-0.04 | $-0.12 |
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 | $291.6M |
| 总债务越低越好 | $403.3M | — |
| 股东权益账面价值 | $170.8M | $1.6B |
| 总资产 | $676.0M | $2.1B |
| 负债/权益比越低杠杆越低 | 2.36× | — |
8季度趋势，按日历期对齐
现金及短期投资COOKTLRY
| Q4 25 | $19.6M | $291.6M | ||
| Q3 25 | $5.9M | $264.8M | ||
| Q2 25 | $10.3M | $256.4M | ||
| Q1 25 | $12.0M | — | ||
| Q4 24 | $15.0M | $252.2M | ||
| Q3 24 | $16.9M | $280.1M | ||
| Q2 24 | $18.0M | $260.5M | ||
| Q1 24 | $23.6M | $225.9M |
总债务COOKTLRY
| Q4 25 | $403.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $403.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益COOKTLRY
| Q4 25 | $170.8M | $1.6B | ||
| Q3 25 | $186.1M | $1.5B | ||
| Q2 25 | $274.2M | $1.5B | ||
| Q1 25 | $279.6M | $2.7B | ||
| Q4 24 | $276.4M | $3.5B | ||
| Q3 24 | $279.8M | $3.5B | ||
| Q2 24 | $297.3M | $3.4B | ||
| Q1 24 | $294.6M | $3.4B |
总资产COOKTLRY
| Q4 25 | $676.0M | $2.1B | ||
| Q3 25 | $689.6M | $2.1B | ||
| Q2 25 | $780.6M | $2.1B | ||
| Q1 25 | $825.6M | — | ||
| Q4 24 | $830.7M | $4.2B | ||
| Q3 24 | $818.1M | $4.3B | ||
| Q2 24 | $842.4M | $4.2B | ||
| Q1 24 | $862.1M | $4.2B |
负债/权益比COOKTLRY
| Q4 25 | 2.36× | — | ||
| 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 | $-8.5M |
| 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 | — | — |
| 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COOKTLRY
| Q4 25 | $15.5M | $-8.5M | ||
| Q3 25 | $7.6M | $-1.3M | ||
| Q2 25 | $18.3M | $-12.8M | ||
| Q1 25 | $-20.8M | $-5.8M | ||
| Q4 24 | $7.5M | $-40.7M | ||
| Q3 24 | $15.1M | $-35.3M | ||
| Q2 24 | $13.9M | $30.7M | ||
| Q1 24 | $-12.6M | $-15.4M |
自由现金流COOKTLRY
| Q4 25 | $14.2M | — | ||
| Q3 25 | $6.4M | — | ||
| Q2 25 | $15.7M | $-19.1M | ||
| Q1 25 | $-22.7M | $-20.2M | ||
| Q4 24 | $5.5M | $-46.2M | ||
| Q3 24 | $12.8M | $-42.0M | ||
| Q2 24 | $11.8M | $21.0M | ||
| Q1 24 | $-18.3M | $-24.9M |
自由现金流率COOKTLRY
| Q4 25 | 9.8% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 10.8% | -8.5% | ||
| Q1 25 | -15.8% | -10.9% | ||
| Q4 24 | 3.3% | -21.9% | ||
| Q3 24 | 10.5% | -21.0% | ||
| Q2 24 | 7.0% | 9.1% | ||
| Q1 24 | -12.6% | -13.2% |
资本支出强度COOKTLRY
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 1.8% | 2.8% | ||
| Q1 25 | 1.3% | 7.8% | ||
| Q4 24 | 1.2% | 2.6% | ||
| Q3 24 | 1.9% | 3.4% | ||
| Q2 24 | 1.2% | 4.2% | ||
| Q1 24 | 3.9% | 5.1% |
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% |
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
