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Traeger, Inc.（COOK）与Turning Point Brands, Inc.（TPB）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Turning Point Brands, Inc.的1.2倍（$145.4M vs $121.0M），Turning Point Brands, Inc.净利率更高（6.8% vs -11.8%，领先18.6%），Turning Point Brands, Inc.同比增速更快（29.2% vs -13.8%），Turning Point Brands, Inc.自由现金流更多（$21.5M vs $14.2M），过去两年Turning Point Brands, Inc.的营收复合增速更高（20.7% 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。
Turning Point Australia（TPAUS）是一家位于澳大利亚的保守派游说团体，隶属于美国转折点组织但保持独立运营，由乔尔·贾马尔创立并于2023年完成注册。该团体目前正积极行动，试图影响2026年3月举行的南澳大利亚州选举结果。
COOK vs TPB — 直观对比
营收规模更大
COOK
是对方的1.2倍
$121.0M
营收增速更快
TPB
高出43.0%
-13.8%
净利率更高
TPB
高出18.6%
-11.8%
自由现金流更多
TPB
多$7.3M
$14.2M
两年增速更快
TPB
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.4M | $121.0M |
| 净利润 | $-17.2M | $8.2M |
| 毛利率 | 37.4% | 55.9% |
| 营业利润率 | -8.0% | 16.5% |
| 净利率 | -11.8% | 6.8% |
| 营收同比 | -13.8% | 29.2% |
| 净利润同比 | -147.2% | 239.8% |
| 每股收益（稀释后） | $-0.13 | $0.40 |
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COOKTPB
| Q4 25 | $145.4M | $121.0M | ||
| Q3 25 | $125.4M | $119.0M | ||
| Q2 25 | $145.5M | $116.6M | ||
| Q1 25 | $143.3M | $106.4M | ||
| Q4 24 | $168.6M | $93.7M | ||
| Q3 24 | $122.0M | $90.7M | ||
| Q2 24 | $168.5M | $93.2M | ||
| Q1 24 | $144.9M | $83.1M |
净利润COOKTPB
| Q4 25 | $-17.2M | $8.2M | ||
| Q3 25 | $-89.8M | $21.1M | ||
| Q2 25 | $-7.4M | $14.5M | ||
| Q1 25 | $-778.0K | $14.4M | ||
| Q4 24 | $-7.0M | $2.4M | ||
| Q3 24 | $-19.8M | $12.4M | ||
| Q2 24 | $-2.6M | $13.0M | ||
| Q1 24 | $-4.7M | $12.0M |
毛利率COOKTPB
| Q4 25 | 37.4% | 55.9% | ||
| Q3 25 | 38.7% | 59.2% | ||
| Q2 25 | 39.2% | 57.1% | ||
| Q1 25 | 41.5% | 56.0% | ||
| Q4 24 | 40.9% | 56.0% | ||
| Q3 24 | 42.3% | 55.6% | ||
| Q2 24 | 42.9% | 54.1% | ||
| Q1 24 | 43.2% | 58.2% |
营业利润率COOKTPB
| Q4 25 | -8.0% | 16.5% | ||
| Q3 25 | -66.5% | 21.8% | ||
| Q2 25 | -4.2% | 22.6% | ||
| Q1 25 | 2.4% | 21.8% | ||
| Q4 24 | -0.1% | 19.1% | ||
| Q3 24 | -6.1% | 22.9% | ||
| Q2 24 | 2.8% | 24.5% | ||
| Q1 24 | -0.1% | 23.2% |
净利率COOKTPB
| Q4 25 | -11.8% | 6.8% | ||
| Q3 25 | -71.6% | 17.7% | ||
| Q2 25 | -5.1% | 12.4% | ||
| Q1 25 | -0.5% | 13.5% | ||
| Q4 24 | -4.1% | 2.6% | ||
| Q3 24 | -16.2% | 13.6% | ||
| Q2 24 | -1.5% | 14.0% | ||
| Q1 24 | -3.2% | 14.5% |
每股收益（稀释后）COOKTPB
| Q4 25 | $-0.13 | $0.40 | ||
| Q3 25 | $-0.67 | $1.13 | ||
| Q2 25 | $-0.06 | $0.79 | ||
| Q1 25 | $-0.01 | $0.79 | ||
| Q4 24 | $-0.06 | $0.15 | ||
| Q3 24 | $-0.15 | $0.68 | ||
| Q2 24 | $-0.02 | $0.68 | ||
| Q1 24 | $-0.04 | $0.63 |
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 | $222.8M |
| 总债务越低越好 | $403.3M | — |
| 股东权益账面价值 | $170.8M | $372.0M |
| 总资产 | $676.0M | $763.8M |
| 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COOKTPB
| Q4 25 | $19.6M | $222.8M | ||
| Q3 25 | $5.9M | $201.2M | ||
| Q2 25 | $10.3M | $109.9M | ||
| Q1 25 | $12.0M | $99.6M | ||
| Q4 24 | $15.0M | $48.9M | ||
| Q3 24 | $16.9M | $33.6M | ||
| Q2 24 | $18.0M | $142.2M | ||
| Q1 24 | $23.6M | $130.9M |
总债务COOKTPB
| Q4 25 | $403.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $403.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益COOKTPB
| Q4 25 | $170.8M | $372.0M | ||
| Q3 25 | $186.1M | $358.2M | ||
| Q2 25 | $274.2M | $224.8M | ||
| Q1 25 | $279.6M | $203.4M | ||
| Q4 24 | $276.4M | $190.4M | ||
| Q3 24 | $279.8M | $185.7M | ||
| Q2 24 | $297.3M | $172.8M | ||
| Q1 24 | $294.6M | $160.0M |
总资产COOKTPB
| Q4 25 | $676.0M | $763.8M | ||
| Q3 25 | $689.6M | $742.8M | ||
| Q2 25 | $780.6M | $595.8M | ||
| Q1 25 | $825.6M | $564.6M | ||
| Q4 24 | $830.7M | $493.4M | ||
| Q3 24 | $818.1M | $488.0M | ||
| Q2 24 | $842.4M | $591.6M | ||
| Q1 24 | $862.1M | $586.3M |
负债/权益比COOKTPB
| 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 | $24.9M |
| 自由现金流经营现金流 - 资本支出 | $14.2M | $21.5M |
| 自由现金流率自由现金流/营收 | 9.8% | 17.8% |
| 资本支出强度资本支出/营收 | 0.9% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 3.03× |
| 过去12个月自由现金流最近4个季度 | $13.6M | $43.8M |
8季度趋势，按日历期对齐
经营现金流COOKTPB
| Q4 25 | $15.5M | $24.9M | ||
| Q3 25 | $7.6M | $3.3M | ||
| Q2 25 | $18.3M | $11.8M | ||
| Q1 25 | $-20.8M | $17.4M | ||
| Q4 24 | $7.5M | $17.7M | ||
| Q3 24 | $15.1M | $13.2M | ||
| Q2 24 | $13.9M | $13.4M | ||
| Q1 24 | $-12.6M | $22.6M |
自由现金流COOKTPB
| Q4 25 | $14.2M | $21.5M | ||
| Q3 25 | $6.4M | $-721.0K | ||
| Q2 25 | $15.7M | $7.8M | ||
| Q1 25 | $-22.7M | $15.2M | ||
| Q4 24 | $5.5M | $16.6M | ||
| Q3 24 | $12.8M | $12.6M | ||
| Q2 24 | $11.8M | $10.9M | ||
| Q1 24 | $-18.3M | $22.3M |
自由现金流率COOKTPB
| Q4 25 | 9.8% | 17.8% | ||
| Q3 25 | 5.1% | -0.6% | ||
| Q2 25 | 10.8% | 6.7% | ||
| Q1 25 | -15.8% | 14.3% | ||
| Q4 24 | 3.3% | 17.8% | ||
| Q3 24 | 10.5% | 13.9% | ||
| Q2 24 | 7.0% | 11.7% | ||
| Q1 24 | -12.6% | 26.8% |
资本支出强度COOKTPB
| Q4 25 | 0.9% | 2.8% | ||
| Q3 25 | 0.9% | 3.4% | ||
| Q2 25 | 1.8% | 3.4% | ||
| Q1 25 | 1.3% | 2.1% | ||
| Q4 24 | 1.2% | 1.2% | ||
| Q3 24 | 1.9% | 0.7% | ||
| Q2 24 | 1.2% | 2.7% | ||
| Q1 24 | 3.9% | 0.4% |
现金转化率COOKTPB
| Q4 25 | — | 3.03× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.82× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | 7.34× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.89× |
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% |
TPB
| US | $111.5M | 92% |
| Non Us | $9.6M | 8% |
