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Donnelley Financial Solutions, Inc.（DFIN）与First Watch Restaurant Group, Inc.（FWRG）财务数据对比。点击上方公司名可切换其他公司
First Watch Restaurant Group, Inc.的季度营收约是Donnelley Financial Solutions, Inc.的1.8倍（$316.4M vs $172.5M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 10.4%），Donnelley Financial Solutions, Inc.自由现金流更多（$47.9M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs -7.9%）
唐nelley金融解决方案（DFIN）是一家总部位于美国伊利诺伊州芝加哥市的金融合规企业，面向资本市场与投资市场的各类企业，提供符合美国监管要求的软件即服务产品、软件赋能服务、印刷业务及合规相关服务，助力客户满足合规要求。
该企业原信息存在公司混淆错误，实际First Watch Restaurant Group是美国餐饮集团，主打鲜制早餐、早午餐与午餐，在美国多个州运营自营与特许加盟餐厅，聚焦日间休闲餐饮市场，为消费者提供新鲜健康的美式餐食选择。
DFIN vs FWRG — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $172.5M | $316.4M |
| 净利润 | $6.2M | — |
| 毛利率 | — | — |
| 营业利润率 | 8.3% | 2.9% |
| 净利率 | 3.6% | — |
| 营收同比 | 10.4% | 20.2% |
| 净利润同比 | -1.6% | — |
| 每股收益（稀释后） | $0.31 | $0.24 |
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
| Q4 25 | $172.5M | $316.4M | ||
| Q3 25 | $175.3M | $316.0M | ||
| Q2 25 | $218.1M | $307.9M | ||
| Q1 25 | $201.1M | $282.2M | ||
| Q4 24 | $156.3M | $263.3M | ||
| Q3 24 | $179.5M | $251.6M | ||
| Q2 24 | $242.7M | $258.6M | ||
| Q1 24 | $203.4M | $242.4M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $-40.9M | $3.0M | ||
| Q2 25 | $36.1M | $2.1M | ||
| Q1 25 | $31.0M | $-829.0K | ||
| Q4 24 | $6.3M | — | ||
| Q3 24 | $8.7M | $2.1M | ||
| Q2 24 | $44.1M | $8.9M | ||
| Q1 24 | $33.3M | $7.2M |
| Q4 25 | 8.3% | 2.9% | ||
| Q3 25 | 16.1% | 3.2% | ||
| Q2 25 | 24.2% | 2.4% | ||
| Q1 25 | 22.8% | 0.4% | ||
| Q4 24 | 6.0% | 1.5% | ||
| Q3 24 | 10.1% | 2.5% | ||
| Q2 24 | 26.6% | 6.4% | ||
| Q1 24 | 21.9% | 5.1% |
| Q4 25 | 3.6% | — | ||
| Q3 25 | -23.3% | 0.9% | ||
| Q2 25 | 16.6% | 0.7% | ||
| Q1 25 | 15.4% | -0.3% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 4.8% | 0.8% | ||
| Q2 24 | 18.2% | 3.4% | ||
| Q1 24 | 16.4% | 3.0% |
| Q4 25 | $0.31 | $0.24 | ||
| Q3 25 | $-1.49 | $0.05 | ||
| Q2 25 | $1.28 | $0.03 | ||
| Q1 25 | $1.05 | $-0.01 | ||
| Q4 24 | $0.21 | $0.01 | ||
| Q3 24 | $0.29 | $0.03 | ||
| Q2 24 | $1.47 | $0.14 | ||
| Q1 24 | $1.09 | $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 | $24.5M | $21.2M |
| 总债务越低越好 | $171.3M | $269.1M |
| 股东权益账面价值 | $379.2M | $626.3M |
| 总资产 | $800.4M | $1.7B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.43× |
8季度趋势，按日历期对齐
| Q4 25 | $24.5M | $21.2M | ||
| Q3 25 | $22.7M | $20.7M | ||
| Q2 25 | $33.8M | $19.2M | ||
| Q1 25 | $16.2M | $18.6M | ||
| Q4 24 | $57.3M | $33.3M | ||
| Q3 24 | $33.6M | $51.1M | ||
| Q2 24 | $35.0M | $45.1M | ||
| Q1 24 | $43.7M | $43.2M |
| Q4 25 | $171.3M | $269.1M | ||
| Q3 25 | $154.7M | $251.0M | ||
| Q2 25 | $190.1M | $250.0M | ||
| Q1 25 | $189.5M | $191.5M | ||
| Q4 24 | $124.7M | $189.0M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $192.1M | ||
| Q1 24 | — | $122.7M |
| Q4 25 | $379.2M | $626.3M | ||
| Q3 25 | $423.1M | $607.3M | ||
| Q2 25 | $432.1M | $601.3M | ||
| Q1 25 | $419.9M | $596.3M | ||
| Q4 24 | $436.1M | $595.4M | ||
| Q3 24 | $444.5M | $589.1M | ||
| Q2 24 | $441.5M | $585.8M | ||
| Q1 24 | $408.9M | $574.4M |
| Q4 25 | $800.4M | $1.7B | ||
| Q3 25 | $816.3M | $1.7B | ||
| Q2 25 | $874.7M | $1.7B | ||
| Q1 25 | $852.8M | $1.5B | ||
| Q4 24 | $841.6M | $1.5B | ||
| Q3 24 | $843.6M | $1.5B | ||
| Q2 24 | $882.9M | $1.4B | ||
| Q1 24 | $867.8M | $1.3B |
| Q4 25 | 0.45× | 0.43× | ||
| Q3 25 | 0.37× | 0.41× | ||
| Q2 25 | 0.44× | 0.42× | ||
| Q1 25 | 0.45× | 0.32× | ||
| Q4 24 | 0.29× | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.21× |
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 | $59.8M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $-18.3M |
| 自由现金流率自由现金流/营收 | 27.8% | -5.8% |
| 资本支出强度资本支出/营收 | 6.9% | 11.6% |
| 现金转化率经营现金流/净利润 | 9.65× | — |
| 过去12个月自由现金流最近4个季度 | $107.8M | $-31.0M |
8季度趋势，按日历期对齐
| Q4 25 | $59.8M | $18.5M | ||
| Q3 25 | $74.4M | $47.9M | ||
| Q2 25 | $68.4M | $39.4M | ||
| Q1 25 | $-37.7M | $20.1M | ||
| Q4 24 | $56.4M | $22.9M | ||
| Q3 24 | $86.4M | $35.9M | ||
| Q2 24 | $56.2M | $31.9M | ||
| Q1 24 | $-27.9M | $25.0M |
| Q4 25 | $47.9M | $-18.3M | ||
| Q3 25 | $59.2M | $5.5M | ||
| Q2 25 | $51.7M | $-1.7M | ||
| Q1 25 | $-51.0M | $-16.4M | ||
| Q4 24 | $41.3M | $-17.7M | ||
| Q3 24 | $67.3M | $6.8M | ||
| Q2 24 | $36.8M | $2.3M | ||
| Q1 24 | $-40.2M | $-3.6M |
| Q4 25 | 27.8% | -5.8% | ||
| Q3 25 | 33.8% | 1.7% | ||
| Q2 25 | 23.7% | -0.5% | ||
| Q1 25 | -25.4% | -5.8% | ||
| Q4 24 | 26.4% | -6.7% | ||
| Q3 24 | 37.5% | 2.7% | ||
| Q2 24 | 15.2% | 0.9% | ||
| Q1 24 | -19.8% | -1.5% |
| Q4 25 | 6.9% | 11.6% | ||
| Q3 25 | 8.7% | 13.4% | ||
| Q2 25 | 7.7% | 13.4% | ||
| Q1 25 | 6.6% | 13.0% | ||
| Q4 24 | 9.7% | 15.4% | ||
| Q3 24 | 10.6% | 11.6% | ||
| Q2 24 | 8.0% | 11.5% | ||
| Q1 24 | 6.0% | 11.8% |
| Q4 25 | 9.65× | — | ||
| Q3 25 | — | 16.01× | ||
| Q2 25 | 1.89× | 18.72× | ||
| Q1 25 | -1.22× | — | ||
| Q4 24 | 8.95× | — | ||
| Q3 24 | 9.93× | 16.98× | ||
| Q2 24 | 1.27× | 3.59× | ||
| Q1 24 | -0.84× | 3.46× |
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
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
FWRG
| In Restaurant Dining Sales | $254.1M | 80% |
| Third Party Delivery Sales | $38.6M | 12% |
| Take Out Sales | $21.3M | 7% |
| Royalty And System Fund Contributions | $2.3M | 1% |
