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DENNY'S Corp（DENN）与Fat Brands, Inc（FAT）财务数据对比。点击上方公司名可切换其他公司
Fat Brands, Inc的季度营收约是DENNY'S Corp的1.2倍（$140.0M vs $113.2M），DENNY'S Corp净利率更高（0.6% vs -41.6%，领先42.1%），DENNY'S Corp同比增速更快（1.3% vs -2.3%），DENNY'S Corp自由现金流更多（$16.0M vs $-16.9M），过去两年DENNY'S Corp的营收复合增速更高（-0.9% vs -6.1%）
丹尼氏是源自美国的堂食美式连锁餐吧品牌，目前在全球多个国家和地区开展业务，仅在美国、加拿大、墨西哥、波多黎各等地就运营着超过1400家门店，主打轻松随性的美式正餐用餐体验。
FAT Brands是来自美国的多品牌餐饮与体育酒吧连锁运营商，总部位于加利福尼亚州比弗利山庄，主要开展餐饮品牌的连锁加盟运营业务，旗下涵盖多个餐饮及休闲体育酒吧品牌。
DENN vs FAT — 直观对比
营收规模更大
FAT
是对方的1.2倍
$113.2M
营收增速更快
DENN
高出3.7%
-2.3%
净利率更高
DENN
高出42.1%
-41.6%
自由现金流更多
DENN
多$32.8M
$-16.9M
两年增速更快
DENN
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $113.2M | $140.0M |
| 净利润 | $632.0K | $-58.2M |
| 毛利率 | — | — |
| 营业利润率 | 9.2% | -12.4% |
| 净利率 | 0.6% | -41.6% |
| 营收同比 | 1.3% | -2.3% |
| 净利润同比 | -90.3% | -30.1% |
| 每股收益（稀释后） | $0.01 | $-3.39 |
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DENNFAT
| Q3 25 | $113.2M | $140.0M | ||
| Q2 25 | $117.7M | $146.8M | ||
| Q1 25 | $111.6M | $142.0M | ||
| Q4 24 | $114.7M | $145.3M | ||
| Q3 24 | $111.8M | $143.4M | ||
| Q2 24 | $115.9M | $152.0M | ||
| Q1 24 | $110.0M | $152.0M | ||
| Q4 23 | $115.4M | $158.6M |
净利润DENNFAT
| Q3 25 | $632.0K | $-58.2M | ||
| Q2 25 | $2.5M | $-54.2M | ||
| Q1 25 | $326.0K | $-46.0M | ||
| Q4 24 | $6.8M | $-67.4M | ||
| Q3 24 | $6.5M | $-44.8M | ||
| Q2 24 | $3.6M | $-39.4M | ||
| Q1 24 | $4.7M | $-38.3M | ||
| Q4 23 | $2.9M | $-26.2M |
营业利润率DENNFAT
| Q3 25 | 9.2% | -12.4% | ||
| Q2 25 | 7.3% | -10.6% | ||
| Q1 25 | 4.7% | -6.0% | ||
| Q4 24 | 12.6% | -27.1% | ||
| Q3 24 | 10.5% | -6.2% | ||
| Q2 24 | 7.9% | -1.8% | ||
| Q1 24 | 9.1% | -0.9% | ||
| Q4 23 | 6.7% | -2.0% |
净利率DENNFAT
| Q3 25 | 0.6% | -41.6% | ||
| Q2 25 | 2.1% | -36.9% | ||
| Q1 25 | 0.3% | -32.4% | ||
| Q4 24 | 5.9% | -46.4% | ||
| Q3 24 | 5.8% | -31.2% | ||
| Q2 24 | 3.1% | -25.9% | ||
| Q1 24 | 4.3% | -25.2% | ||
| Q4 23 | 2.5% | -16.5% |
每股收益（稀释后）DENNFAT
| Q3 25 | $0.01 | $-3.39 | ||
| Q2 25 | $0.05 | $-3.17 | ||
| Q1 25 | $0.01 | $-2.73 | ||
| Q4 24 | $0.13 | $-4.06 | ||
| Q3 24 | $0.12 | $-2.74 | ||
| Q2 24 | $0.07 | $-2.43 | ||
| Q1 24 | $0.09 | $-2.37 | ||
| Q4 23 | $0.05 | $-1.68 |
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 | — | — |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $-32.7M | $-585.8M |
| 总资产 | $502.9M | $1.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DENNFAT
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $100.0K | — | ||
| Q3 24 | $2.9M | — | ||
| Q2 24 | $2.8M | — | ||
| Q1 24 | $2.8M | — | ||
| Q4 23 | $100.0K | — |
总债务DENNFAT
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $270.6M | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B | ||
| Q4 23 | $264.6M | $1.2B |
股东权益DENNFAT
| Q3 25 | $-32.7M | $-585.8M | ||
| Q2 25 | $-34.6M | $-536.5M | ||
| Q1 25 | $-36.4M | $-493.9M | ||
| Q4 24 | $-34.0M | $-455.7M | ||
| Q3 24 | $-54.5M | $-386.1M | ||
| Q2 24 | $-53.2M | $-338.6M | ||
| Q1 24 | $-55.7M | $-296.8M | ||
| Q4 23 | $-62.7M | $-255.9M |
总资产DENNFAT
| Q3 25 | $502.9M | $1.2B | ||
| Q2 25 | $491.1M | $1.2B | ||
| Q1 25 | $488.1M | $1.3B | ||
| Q4 24 | $496.3M | $1.3B | ||
| Q3 24 | $461.6M | $1.3B | ||
| Q2 24 | $459.9M | $1.4B | ||
| Q1 24 | $460.4M | $1.4B | ||
| Q4 23 | $464.8M | $1.4B |
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 | $16.0M | $-14.5M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $-16.9M |
| 自由现金流率自由现金流/营收 | 14.1% | -12.1% |
| 资本支出强度资本支出/营收 | 0.0% | 1.7% |
| 现金转化率经营现金流/净利润 | 25.28× | — |
| 过去12个月自由现金流最近4个季度 | — | $-75.0M |
8季度趋势，按日历期对齐
经营现金流DENNFAT
| Q3 25 | $16.0M | $-14.5M | ||
| Q2 25 | $9.4M | $-26.9M | ||
| Q1 25 | $5.0M | $-13.2M | ||
| Q4 24 | $8.5M | $-10.4M | ||
| Q3 24 | $6.6M | $-3.2M | ||
| Q2 24 | $14.2M | $-14.2M | ||
| Q1 24 | $215.0K | $-28.4M | ||
| Q4 23 | $21.4M | $-12.6M |
自由现金流DENNFAT
| Q3 25 | $16.0M | $-16.9M | ||
| Q2 25 | — | $-29.3M | ||
| Q1 25 | — | $-17.8M | ||
| Q4 24 | — | $-11.0M | ||
| Q3 24 | — | $-11.1M | ||
| Q2 24 | — | $-24.4M | ||
| Q1 24 | — | $-32.5M | ||
| Q4 23 | — | $-18.0M |
自由现金流率DENNFAT
| Q3 25 | 14.1% | -12.1% | ||
| Q2 25 | — | -20.0% | ||
| Q1 25 | — | -12.5% | ||
| Q4 24 | — | -7.6% | ||
| Q3 24 | — | -7.7% | ||
| Q2 24 | — | -16.1% | ||
| Q1 24 | — | -21.4% | ||
| Q4 23 | — | -11.4% |
资本支出强度DENNFAT
| Q3 25 | 0.0% | 1.7% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 0.0% | 5.5% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 2.7% | ||
| Q4 23 | — | 3.4% |
现金转化率DENNFAT
| Q3 25 | 25.28× | — | ||
| Q2 25 | 3.79× | — | ||
| Q1 25 | 15.38× | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 3.97× | — | ||
| Q1 24 | 0.05× | — | ||
| Q4 23 | 7.36× | — |
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
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
