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DENNY'S Corp（DENN）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
Ultragenyx Pharmaceutical Inc.的季度营收约是DENNY'S Corp的1.8倍（$207.3M vs $113.2M），DENNY'S Corp净利率更高（0.6% vs -62.0%，领先62.6%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs 1.3%），DENNY'S Corp自由现金流更多（$16.0M vs $-100.8M），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs -0.9%）
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。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
DENN vs RARE — 直观对比
营收规模更大
RARE
是对方的1.8倍
$113.2M
营收增速更快
RARE
高出24.6%
1.3%
净利率更高
DENN
高出62.6%
-62.0%
自由现金流更多
DENN
多$116.7M
$-100.8M
两年增速更快
RARE
近两年复合增速
-0.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $113.2M | $207.3M |
| 净利润 | $632.0K | $-128.6M |
| 毛利率 | — | — |
| 营业利润率 | 9.2% | -54.7% |
| 净利率 | 0.6% | -62.0% |
| 营收同比 | 1.3% | 25.9% |
| 净利润同比 | -90.3% | 3.5% |
| 每股收益（稀释后） | $0.01 | $-1.28 |
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DENNRARE
| Q4 25 | — | $207.3M | ||
| Q3 25 | $113.2M | $159.9M | ||
| Q2 25 | $117.7M | $166.5M | ||
| Q1 25 | $111.6M | $139.3M | ||
| Q4 24 | $114.7M | $164.6M | ||
| Q3 24 | $111.8M | $139.5M | ||
| Q2 24 | $115.9M | $147.0M | ||
| Q1 24 | $110.0M | $108.8M |
净利润DENNRARE
| Q4 25 | — | $-128.6M | ||
| Q3 25 | $632.0K | $-180.4M | ||
| Q2 25 | $2.5M | $-115.0M | ||
| Q1 25 | $326.0K | $-151.1M | ||
| Q4 24 | $6.8M | $-133.2M | ||
| Q3 24 | $6.5M | $-133.5M | ||
| Q2 24 | $3.6M | $-131.6M | ||
| Q1 24 | $4.7M | $-170.7M |
营业利润率DENNRARE
| Q4 25 | — | -54.7% | ||
| Q3 25 | 9.2% | -106.9% | ||
| Q2 25 | 7.3% | -64.8% | ||
| Q1 25 | 4.7% | -102.6% | ||
| Q4 24 | 12.6% | -74.3% | ||
| Q3 24 | 10.5% | -94.6% | ||
| Q2 24 | 7.9% | -79.1% | ||
| Q1 24 | 9.1% | -151.9% |
净利率DENNRARE
| Q4 25 | — | -62.0% | ||
| Q3 25 | 0.6% | -112.8% | ||
| Q2 25 | 2.1% | -69.0% | ||
| Q1 25 | 0.3% | -108.5% | ||
| Q4 24 | 5.9% | -80.9% | ||
| Q3 24 | 5.8% | -95.7% | ||
| Q2 24 | 3.1% | -89.5% | ||
| Q1 24 | 4.3% | -156.8% |
每股收益（稀释后）DENNRARE
| Q4 25 | — | $-1.28 | ||
| Q3 25 | $0.01 | $-1.81 | ||
| Q2 25 | $0.05 | $-1.17 | ||
| Q1 25 | $0.01 | $-1.57 | ||
| Q4 24 | $0.13 | $-1.34 | ||
| Q3 24 | $0.12 | $-1.40 | ||
| Q2 24 | $0.07 | $-1.52 | ||
| Q1 24 | $0.09 | $-2.03 |
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 | — | $421.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-32.7M | $-80.0M |
| 总资产 | $502.9M | $1.5B |
| 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DENNRARE
| Q4 25 | — | $421.0M | ||
| Q3 25 | — | $202.5M | ||
| Q2 25 | — | $176.3M | ||
| Q1 25 | $1.1M | $127.1M | ||
| Q4 24 | $100.0K | $174.0M | ||
| Q3 24 | $2.9M | $150.6M | ||
| Q2 24 | $2.8M | $480.7M | ||
| Q1 24 | $2.8M | $112.3M |
总债务DENNRARE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $270.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DENNRARE
| Q4 25 | — | $-80.0M | ||
| Q3 25 | $-32.7M | $9.2M | ||
| Q2 25 | $-34.6M | $151.3M | ||
| Q1 25 | $-36.4M | $144.2M | ||
| Q4 24 | $-34.0M | $255.0M | ||
| Q3 24 | $-54.5M | $346.8M | ||
| Q2 24 | $-53.2M | $432.4M | ||
| Q1 24 | $-55.7M | $140.3M |
总资产DENNRARE
| Q4 25 | — | $1.5B | ||
| Q3 25 | $502.9M | $1.2B | ||
| Q2 25 | $491.1M | $1.3B | ||
| Q1 25 | $488.1M | $1.3B | ||
| Q4 24 | $496.3M | $1.5B | ||
| Q3 24 | $461.6M | $1.5B | ||
| Q2 24 | $459.9M | $1.6B | ||
| Q1 24 | $460.4M | $1.3B |
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 | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $-100.8M |
| 自由现金流率自由现金流/营收 | 14.1% | -48.6% |
| 资本支出强度资本支出/营收 | 0.0% | 0.5% |
| 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 | — | $-472.0M |
8季度趋势，按日历期对齐
经营现金流DENNRARE
| Q4 25 | — | $-99.8M | ||
| Q3 25 | $16.0M | $-91.4M | ||
| Q2 25 | $9.4M | $-108.3M | ||
| Q1 25 | $5.0M | $-166.5M | ||
| Q4 24 | $8.5M | $-79.3M | ||
| Q3 24 | $6.6M | $-67.0M | ||
| Q2 24 | $14.2M | $-77.0M | ||
| Q1 24 | $215.0K | $-190.7M |
自由现金流DENNRARE
| Q4 25 | — | $-100.8M | ||
| Q3 25 | $16.0M | $-92.7M | ||
| Q2 25 | — | $-110.7M | ||
| Q1 25 | — | $-167.8M | ||
| Q4 24 | — | $-79.5M | ||
| Q3 24 | — | $-68.6M | ||
| Q2 24 | — | $-79.0M | ||
| Q1 24 | — | $-193.9M |
自由现金流率DENNRARE
| Q4 25 | — | -48.6% | ||
| Q3 25 | 14.1% | -58.0% | ||
| Q2 25 | — | -66.5% | ||
| Q1 25 | — | -120.5% | ||
| Q4 24 | — | -48.3% | ||
| Q3 24 | — | -49.2% | ||
| Q2 24 | — | -53.7% | ||
| Q1 24 | — | -178.2% |
资本支出强度DENNRARE
| Q4 25 | — | 0.5% | ||
| Q3 25 | 0.0% | 0.8% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 0.0% | 1.2% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 3.0% |
现金转化率DENNRARE
| Q4 25 | — | — | ||
| 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× | — |
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% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
