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ExlService Holdings, Inc.（EXLS）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
ExlService Holdings, Inc.的季度营收约是First Watch Restaurant Group, Inc.的1.7倍（$542.6M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 12.7%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 11.5%）
ExlService Holdings Inc.是全球知名的分析与数字解决方案服务商，服务覆盖保险、医疗健康、银行金融服务、媒体、零售等多个行业，总部位于纽约，在美国、欧洲、亚洲、拉美、澳大利亚、南非等地拥有超过5.4万名专业从业人员。
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。
EXLS vs FWRG — 直观对比
营收规模更大
EXLS
是对方的1.7倍
$316.4M
营收增速更快
FWRG
高出7.4%
12.7%
自由现金流更多
EXLS
多$124.8M
$-18.3M
两年增速更快
FWRG
近两年复合增速
11.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $316.4M |
| 净利润 | $60.2M | — |
| 毛利率 | 38.6% | — |
| 营业利润率 | 14.4% | 2.9% |
| 净利率 | 11.1% | — |
| 营收同比 | 12.7% | 20.2% |
| 净利润同比 | 18.9% | — |
| 每股收益（稀释后） | $0.38 | $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EXLSFWRG
| Q4 25 | $542.6M | $316.4M | ||
| Q3 25 | $529.6M | $316.0M | ||
| Q2 25 | $514.5M | $307.9M | ||
| Q1 25 | $501.0M | $282.2M | ||
| Q4 24 | $481.4M | $263.3M | ||
| Q3 24 | $472.1M | $251.6M | ||
| Q2 24 | $448.4M | $258.6M | ||
| Q1 24 | $436.5M | $242.4M |
净利润EXLSFWRG
| Q4 25 | $60.2M | — | ||
| Q3 25 | $58.2M | $3.0M | ||
| Q2 25 | $66.1M | $2.1M | ||
| Q1 25 | $66.6M | $-829.0K | ||
| Q4 24 | $50.7M | — | ||
| Q3 24 | $53.0M | $2.1M | ||
| Q2 24 | $45.8M | $8.9M | ||
| Q1 24 | $48.8M | $7.2M |
毛利率EXLSFWRG
| Q4 25 | 38.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 37.7% | — | ||
| Q1 25 | 38.6% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 37.8% | — | ||
| Q2 24 | 37.1% | — | ||
| Q1 24 | 37.4% | — |
营业利润率EXLSFWRG
| Q4 25 | 14.4% | 2.9% | ||
| Q3 25 | 14.4% | 3.2% | ||
| Q2 25 | 15.8% | 2.4% | ||
| Q1 25 | 15.7% | 0.4% | ||
| Q4 24 | 14.8% | 1.5% | ||
| Q3 24 | 14.7% | 2.5% | ||
| Q2 24 | 13.7% | 6.4% | ||
| Q1 24 | 14.1% | 5.1% |
净利率EXLSFWRG
| Q4 25 | 11.1% | — | ||
| Q3 25 | 11.0% | 0.9% | ||
| Q2 25 | 12.8% | 0.7% | ||
| Q1 25 | 13.3% | -0.3% | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 11.2% | 0.8% | ||
| Q2 24 | 10.2% | 3.4% | ||
| Q1 24 | 11.2% | 3.0% |
每股收益（稀释后）EXLSFWRG
| Q4 25 | $0.38 | $0.24 | ||
| Q3 25 | $0.36 | $0.05 | ||
| Q2 25 | $0.40 | $0.03 | ||
| Q1 25 | $0.40 | $-0.01 | ||
| Q4 24 | $0.31 | $0.01 | ||
| Q3 24 | $0.33 | $0.03 | ||
| Q2 24 | $0.28 | $0.14 | ||
| Q1 24 | $0.29 | $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 | $328.4M | $21.2M |
| 总债务越低越好 | $298.6M | $269.1M |
| 股东权益账面价值 | $912.7M | $626.3M |
| 总资产 | $1.7B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资EXLSFWRG
| Q4 25 | $328.4M | $21.2M | ||
| Q3 25 | $390.1M | $20.7M | ||
| Q2 25 | $353.3M | $19.2M | ||
| Q1 25 | $331.4M | $18.6M | ||
| Q4 24 | $340.6M | $33.3M | ||
| Q3 24 | $325.8M | $51.1M | ||
| Q2 24 | $276.1M | $45.1M | ||
| Q1 24 | $246.2M | $43.2M |
总债务EXLSFWRG
| Q4 25 | $298.6M | $269.1M | ||
| Q3 25 | $354.8M | $251.0M | ||
| Q2 25 | $260.0M | $250.0M | ||
| Q1 25 | $307.3M | $191.5M | ||
| Q4 24 | $288.5M | $189.0M | ||
| Q3 24 | $344.7M | $189.7M | ||
| Q2 24 | — | $192.1M | ||
| Q1 24 | — | $122.7M |
股东权益EXLSFWRG
| Q4 25 | $912.7M | $626.3M | ||
| Q3 25 | $952.4M | $607.3M | ||
| Q2 25 | $1.1B | $601.3M | ||
| Q1 25 | $1.0B | $596.3M | ||
| Q4 24 | $929.9M | $595.4M | ||
| Q3 24 | $907.6M | $589.1M | ||
| Q2 24 | $852.6M | $585.8M | ||
| Q1 24 | $803.3M | $574.4M |
总资产EXLSFWRG
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.4B | $1.3B |
负债/权益比EXLSFWRG
| Q4 25 | 0.33× | 0.43× | ||
| Q3 25 | 0.37× | 0.41× | ||
| Q2 25 | 0.25× | 0.42× | ||
| Q1 25 | 0.30× | 0.32× | ||
| Q4 24 | 0.31× | 0.32× | ||
| Q3 24 | 0.38× | 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 | $117.4M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $-18.3M |
| 自由现金流率自由现金流/营收 | 19.6% | -5.8% |
| 资本支出强度资本支出/营收 | 2.0% | 11.6% |
| 现金转化率经营现金流/净利润 | 1.95× | — |
| 过去12个月自由现金流最近4个季度 | $298.1M | $-31.0M |
8季度趋势，按日历期对齐
经营现金流EXLSFWRG
| Q4 25 | $117.4M | $18.5M | ||
| Q3 25 | $120.7M | $47.9M | ||
| Q2 25 | $109.4M | $39.4M | ||
| Q1 25 | $3.2M | $20.1M | ||
| Q4 24 | $105.3M | $22.9M | ||
| Q3 24 | $110.1M | $35.9M | ||
| Q2 24 | $74.9M | $31.9M | ||
| Q1 24 | $-21.9M | $25.0M |
自由现金流EXLSFWRG
| Q4 25 | $106.5M | $-18.3M | ||
| Q3 25 | $106.4M | $5.5M | ||
| Q2 25 | $95.0M | $-1.7M | ||
| Q1 25 | $-9.7M | $-16.4M | ||
| Q4 24 | $95.3M | $-17.7M | ||
| Q3 24 | $97.3M | $6.8M | ||
| Q2 24 | $62.8M | $2.3M | ||
| Q1 24 | $-33.1M | $-3.6M |
自由现金流率EXLSFWRG
| Q4 25 | 19.6% | -5.8% | ||
| Q3 25 | 20.1% | 1.7% | ||
| Q2 25 | 18.5% | -0.5% | ||
| Q1 25 | -1.9% | -5.8% | ||
| Q4 24 | 19.8% | -6.7% | ||
| Q3 24 | 20.6% | 2.7% | ||
| Q2 24 | 14.0% | 0.9% | ||
| Q1 24 | -7.6% | -1.5% |
资本支出强度EXLSFWRG
| Q4 25 | 2.0% | 11.6% | ||
| Q3 25 | 2.7% | 13.4% | ||
| Q2 25 | 2.8% | 13.4% | ||
| Q1 25 | 2.6% | 13.0% | ||
| Q4 24 | 2.1% | 15.4% | ||
| Q3 24 | 2.7% | 11.6% | ||
| Q2 24 | 2.7% | 11.5% | ||
| Q1 24 | 2.6% | 11.8% |
现金转化率EXLSFWRG
| Q4 25 | 1.95× | — | ||
| Q3 25 | 2.08× | 16.01× | ||
| Q2 25 | 1.66× | 18.72× | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 2.08× | 16.98× | ||
| Q2 24 | 1.63× | 3.59× | ||
| Q1 24 | -0.45× | 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
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
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% |
