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EAGLE MATERIALS INC（EXP）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
EAGLE MATERIALS INC的季度营收约是First Watch Restaurant Group, Inc.的1.8倍（$556.0M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs -0.4%），EAGLE MATERIALS INC自由现金流更多（$60.8M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 8.0%）
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
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。
EXP vs FWRG — 直观对比
营收规模更大
EXP
是对方的1.8倍
$316.4M
营收增速更快
FWRG
高出20.5%
-0.4%
自由现金流更多
EXP
多$79.1M
$-18.3M
两年增速更快
FWRG
近两年复合增速
8.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $556.0M | $316.4M |
| 净利润 | $102.9M | — |
| 毛利率 | 28.9% | — |
| 营业利润率 | — | 2.9% |
| 净利率 | 18.5% | — |
| 营收同比 | -0.4% | 20.2% |
| 净利润同比 | -13.9% | — |
| 每股收益（稀释后） | $3.22 | $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EXPFWRG
| Q4 25 | $556.0M | $316.4M | ||
| Q3 25 | $638.9M | $316.0M | ||
| Q2 25 | $634.7M | $307.9M | ||
| Q1 25 | $470.2M | $282.2M | ||
| Q4 24 | $558.0M | $263.3M | ||
| Q3 24 | $623.6M | $251.6M | ||
| Q2 24 | $608.7M | $258.6M | ||
| Q1 24 | $476.7M | $242.4M |
净利润EXPFWRG
| Q4 25 | $102.9M | — | ||
| Q3 25 | $137.4M | $3.0M | ||
| Q2 25 | $123.4M | $2.1M | ||
| Q1 25 | $66.5M | $-829.0K | ||
| Q4 24 | $119.6M | — | ||
| Q3 24 | $143.5M | $2.1M | ||
| Q2 24 | $133.8M | $8.9M | ||
| Q1 24 | $77.1M | $7.2M |
毛利率EXPFWRG
| Q4 25 | 28.9% | — | ||
| Q3 25 | 31.3% | — | ||
| Q2 25 | 29.2% | — | ||
| Q1 25 | 22.2% | — | ||
| Q4 24 | 31.9% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 30.7% | — | ||
| Q1 24 | 25.1% | — |
营业利润率EXPFWRG
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 32.8% | 1.5% | ||
| Q3 24 | 34.2% | 2.5% | ||
| Q2 24 | 32.0% | 6.4% | ||
| Q1 24 | 26.9% | 5.1% |
净利率EXPFWRG
| Q4 25 | 18.5% | — | ||
| Q3 25 | 21.5% | 0.9% | ||
| Q2 25 | 19.4% | 0.7% | ||
| Q1 25 | 14.1% | -0.3% | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 23.0% | 0.8% | ||
| Q2 24 | 22.0% | 3.4% | ||
| Q1 24 | 16.2% | 3.0% |
每股收益（稀释后）EXPFWRG
| Q4 25 | $3.22 | $0.24 | ||
| Q3 25 | $4.23 | $0.05 | ||
| Q2 25 | $3.76 | $0.03 | ||
| Q1 25 | $2.01 | $-0.01 | ||
| Q4 24 | $3.56 | $0.01 | ||
| Q3 24 | $4.26 | $0.03 | ||
| Q2 24 | $3.94 | $0.14 | ||
| Q1 24 | $2.23 | $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 | $419.0M | $21.2M |
| 总债务越低越好 | — | $269.1M |
| 股东权益账面价值 | $1.5B | $626.3M |
| 总资产 | $3.8B | $1.7B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资EXPFWRG
| Q4 25 | $419.0M | $21.2M | ||
| Q3 25 | $35.0M | $20.7M | ||
| Q2 25 | $59.7M | $19.2M | ||
| Q1 25 | $20.4M | $18.6M | ||
| Q4 24 | $31.2M | $33.3M | ||
| Q3 24 | $93.9M | $51.1M | ||
| Q2 24 | $46.5M | $45.1M | ||
| Q1 24 | $34.9M | $43.2M |
总债务EXPFWRG
| Q4 25 | — | $269.1M | ||
| Q3 25 | — | $251.0M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | $1.2B | $191.5M | ||
| Q4 24 | — | $189.0M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $192.1M | ||
| Q1 24 | $1.1B | $122.7M |
股东权益EXPFWRG
| Q4 25 | $1.5B | $626.3M | ||
| Q3 25 | $1.5B | $607.3M | ||
| Q2 25 | $1.5B | $601.3M | ||
| Q1 25 | $1.5B | $596.3M | ||
| Q4 24 | $1.5B | $595.4M | ||
| Q3 24 | $1.4B | $589.1M | ||
| Q2 24 | $1.4B | $585.8M | ||
| Q1 24 | $1.3B | $574.4M |
总资产EXPFWRG
| Q4 25 | $3.8B | $1.7B | ||
| Q3 25 | $3.4B | $1.7B | ||
| Q2 25 | $3.4B | $1.7B | ||
| Q1 25 | $3.3B | $1.5B | ||
| Q4 24 | $3.0B | $1.5B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $3.0B | $1.4B | ||
| Q1 24 | $2.9B | $1.3B |
负债/权益比EXPFWRG
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | 0.86× | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | 0.84× | 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 | $170.8M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $60.8M | $-18.3M |
| 自由现金流率自由现金流/营收 | 10.9% | -5.8% |
| 资本支出强度资本支出/营收 | 19.8% | 11.6% |
| 现金转化率经营现金流/净利润 | 1.66× | — |
| 过去12个月自由现金流最近4个季度 | $231.8M | $-31.0M |
8季度趋势，按日历期对齐
经营现金流EXPFWRG
| Q4 25 | $170.8M | $18.5M | ||
| Q3 25 | $204.6M | $47.9M | ||
| Q2 25 | $136.6M | $39.4M | ||
| Q1 25 | $62.8M | $20.1M | ||
| Q4 24 | $119.9M | $22.9M | ||
| Q3 24 | $233.3M | $35.9M | ||
| Q2 24 | $132.6M | $31.9M | ||
| Q1 24 | $63.4M | $25.0M |
自由现金流EXPFWRG
| Q4 25 | $60.8M | $-18.3M | ||
| Q3 25 | $96.1M | $5.5M | ||
| Q2 25 | $60.5M | $-1.7M | ||
| Q1 25 | $14.5M | $-16.4M | ||
| Q4 24 | $72.5M | $-17.7M | ||
| Q3 24 | $166.8M | $6.8M | ||
| Q2 24 | $99.5M | $2.3M | ||
| Q1 24 | $30.9M | $-3.6M |
自由现金流率EXPFWRG
| Q4 25 | 10.9% | -5.8% | ||
| Q3 25 | 15.0% | 1.7% | ||
| Q2 25 | 9.5% | -0.5% | ||
| Q1 25 | 3.1% | -5.8% | ||
| Q4 24 | 13.0% | -6.7% | ||
| Q3 24 | 26.7% | 2.7% | ||
| Q2 24 | 16.3% | 0.9% | ||
| Q1 24 | 6.5% | -1.5% |
资本支出强度EXPFWRG
| Q4 25 | 19.8% | 11.6% | ||
| Q3 25 | 17.0% | 13.4% | ||
| Q2 25 | 12.0% | 13.4% | ||
| Q1 25 | 10.3% | 13.0% | ||
| Q4 24 | 8.5% | 15.4% | ||
| Q3 24 | 10.7% | 11.6% | ||
| Q2 24 | 5.4% | 11.5% | ||
| Q1 24 | 6.8% | 11.8% |
现金转化率EXPFWRG
| Q4 25 | 1.66× | — | ||
| Q3 25 | 1.49× | 16.01× | ||
| Q2 25 | 1.11× | 18.72× | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 1.00× | — | ||
| Q3 24 | 1.63× | 16.98× | ||
| Q2 24 | 0.99× | 3.59× | ||
| Q1 24 | 0.82× | 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
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
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% |
