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Elastic N.V.（ESTC）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
Elastic N.V.的季度营收约是First Watch Restaurant Group, Inc.的1.3倍（$423.5M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 15.9%），Elastic N.V.自由现金流更多（$26.0M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 13.6%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
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。
ESTC vs FWRG — 直观对比
营收规模更大
ESTC
是对方的1.3倍
$316.4M
营收增速更快
FWRG
高出4.2%
15.9%
自由现金流更多
ESTC
多$44.3M
$-18.3M
两年增速更快
FWRG
近两年复合增速
13.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $316.4M |
| 净利润 | $-51.3M | — |
| 毛利率 | 75.9% | — |
| 营业利润率 | -1.9% | 2.9% |
| 净利率 | -12.1% | — |
| 营收同比 | 15.9% | 20.2% |
| 净利润同比 | -101.5% | — |
| 每股收益（稀释后） | $-0.48 | $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
营收ESTCFWRG
| Q4 25 | $423.5M | $316.4M | ||
| Q3 25 | $415.3M | $316.0M | ||
| Q2 25 | $388.4M | $307.9M | ||
| Q1 25 | $382.1M | $282.2M | ||
| Q4 24 | $365.4M | $263.3M | ||
| Q3 24 | $347.4M | $251.6M | ||
| Q2 24 | $335.0M | $258.6M | ||
| Q1 24 | $328.0M | $242.4M |
净利润ESTCFWRG
| Q4 25 | $-51.3M | — | ||
| Q3 25 | $-24.6M | $3.0M | ||
| Q2 25 | $-16.4M | $2.1M | ||
| Q1 25 | $-17.1M | $-829.0K | ||
| Q4 24 | $-25.4M | — | ||
| Q3 24 | $-49.2M | $2.1M | ||
| Q2 24 | $-41.1M | $8.9M | ||
| Q1 24 | $176.1M | $7.2M |
毛利率ESTCFWRG
| Q4 25 | 75.9% | — | ||
| Q3 25 | 76.7% | — | ||
| Q2 25 | 74.8% | — | ||
| Q1 25 | 74.6% | — | ||
| Q4 24 | 74.5% | — | ||
| Q3 24 | 73.6% | — | ||
| Q2 24 | 73.8% | — | ||
| Q1 24 | 74.2% | — |
营业利润率ESTCFWRG
| Q4 25 | -1.9% | 2.9% | ||
| Q3 25 | -2.3% | 3.2% | ||
| Q2 25 | -3.1% | 2.4% | ||
| Q1 25 | -1.2% | 0.4% | ||
| Q4 24 | -1.2% | 1.5% | ||
| Q3 24 | -9.7% | 2.5% | ||
| Q2 24 | -13.6% | 6.4% | ||
| Q1 24 | -8.1% | 5.1% |
净利率ESTCFWRG
| Q4 25 | -12.1% | — | ||
| Q3 25 | -5.9% | 0.9% | ||
| Q2 25 | -4.2% | 0.7% | ||
| Q1 25 | -4.5% | -0.3% | ||
| Q4 24 | -7.0% | — | ||
| Q3 24 | -14.2% | 0.8% | ||
| Q2 24 | -12.3% | 3.4% | ||
| Q1 24 | 53.7% | 3.0% |
每股收益（稀释后）ESTCFWRG
| Q4 25 | $-0.48 | $0.24 | ||
| Q3 25 | $-0.23 | $0.05 | ||
| Q2 25 | $-0.15 | $0.03 | ||
| Q1 25 | $-0.16 | $-0.01 | ||
| Q4 24 | $-0.25 | $0.01 | ||
| Q3 24 | $-0.48 | $0.03 | ||
| Q2 24 | $-0.35 | $0.14 | ||
| Q1 24 | $1.69 | $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 | $1.4B | $21.2M |
| 总债务越低越好 | $570.3M | $269.1M |
| 股东权益账面价值 | $891.1M | $626.3M |
| 总资产 | $2.5B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资ESTCFWRG
| Q4 25 | $1.4B | $21.2M | ||
| Q3 25 | $1.5B | $20.7M | ||
| Q2 25 | $1.4B | $19.2M | ||
| Q1 25 | $584.0M | $18.6M | ||
| Q4 24 | $658.5M | $33.3M | ||
| Q3 24 | $594.9M | $51.1M | ||
| Q2 24 | $1.1B | $45.1M | ||
| Q1 24 | $526.9M | $43.2M |
总债务ESTCFWRG
| Q4 25 | $570.3M | $269.1M | ||
| Q3 25 | $570.0M | $251.0M | ||
| Q2 25 | $569.7M | $250.0M | ||
| Q1 25 | $569.4M | $191.5M | ||
| Q4 24 | $569.2M | $189.0M | ||
| Q3 24 | $568.9M | $189.7M | ||
| Q2 24 | $568.6M | $192.1M | ||
| Q1 24 | $568.3M | $122.7M |
股东权益ESTCFWRG
| Q4 25 | $891.1M | $626.3M | ||
| Q3 25 | $971.4M | $607.3M | ||
| Q2 25 | $927.2M | $601.3M | ||
| Q1 25 | $859.1M | $596.3M | ||
| Q4 24 | $811.5M | $595.4M | ||
| Q3 24 | $759.4M | $589.1M | ||
| Q2 24 | $738.2M | $585.8M | ||
| Q1 24 | $707.8M | $574.4M |
总资产ESTCFWRG
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.2B | $1.5B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.2B | $1.4B | ||
| Q1 24 | $2.1B | $1.3B |
负债/权益比ESTCFWRG
| Q4 25 | 0.64× | 0.43× | ||
| Q3 25 | 0.59× | 0.41× | ||
| Q2 25 | 0.61× | 0.42× | ||
| Q1 25 | 0.66× | 0.32× | ||
| Q4 24 | 0.70× | 0.32× | ||
| Q3 24 | 0.75× | 0.32× | ||
| Q2 24 | 0.77× | 0.33× | ||
| Q1 24 | 0.80× | 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 | $26.6M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $-18.3M |
| 自由现金流率自由现金流/营收 | 6.1% | -5.8% |
| 资本支出强度资本支出/营收 | 0.1% | 11.6% |
| 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 | $302.3M | $-31.0M |
8季度趋势，按日历期对齐
经营现金流ESTCFWRG
| Q4 25 | $26.6M | $18.5M | ||
| Q3 25 | $104.8M | $47.9M | ||
| Q2 25 | $87.0M | $39.4M | ||
| Q1 25 | $88.1M | $20.1M | ||
| Q4 24 | $38.4M | $22.9M | ||
| Q3 24 | $52.8M | $35.9M | ||
| Q2 24 | $60.9M | $31.9M | ||
| Q1 24 | $52.4M | $25.0M |
自由现金流ESTCFWRG
| Q4 25 | $26.0M | $-18.3M | ||
| Q3 25 | $104.2M | $5.5M | ||
| Q2 25 | $84.9M | $-1.7M | ||
| Q1 25 | $87.3M | $-16.4M | ||
| Q4 24 | $37.7M | $-17.7M | ||
| Q3 24 | $52.0M | $6.8M | ||
| Q2 24 | $60.1M | $2.3M | ||
| Q1 24 | $51.3M | $-3.6M |
自由现金流率ESTCFWRG
| Q4 25 | 6.1% | -5.8% | ||
| Q3 25 | 25.1% | 1.7% | ||
| Q2 25 | 21.8% | -0.5% | ||
| Q1 25 | 22.8% | -5.8% | ||
| Q4 24 | 10.3% | -6.7% | ||
| Q3 24 | 15.0% | 2.7% | ||
| Q2 24 | 17.9% | 0.9% | ||
| Q1 24 | 15.6% | -1.5% |
资本支出强度ESTCFWRG
| Q4 25 | 0.1% | 11.6% | ||
| Q3 25 | 0.2% | 13.4% | ||
| Q2 25 | 0.5% | 13.4% | ||
| Q1 25 | 0.2% | 13.0% | ||
| Q4 24 | 0.2% | 15.4% | ||
| Q3 24 | 0.2% | 11.6% | ||
| Q2 24 | 0.3% | 11.5% | ||
| Q1 24 | 0.3% | 11.8% |
现金转化率ESTCFWRG
| Q4 25 | — | — | ||
| Q3 25 | — | 16.01× | ||
| Q2 25 | — | 18.72× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 16.98× | ||
| Q2 24 | — | 3.59× | ||
| Q1 24 | 0.30× | 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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
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% |
