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FARMER BROTHERS CO（FARM）与FTAI Infrastructure Inc.（FIP）财务数据对比。点击上方公司名可切换其他公司
FTAI Infrastructure Inc.的季度营收约是FARMER BROTHERS CO的1.6倍（$143.5M vs $88.9M），FARMER BROTHERS CO净利率更高（-5.5% vs -68.1%，领先62.6%），FTAI Infrastructure Inc.同比增速更快（77.7% vs -1.2%），FARMER BROTHERS CO自由现金流更多（$-2.6M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 2.1%）
Farmer Bros. Co.是一家总部位于美国得克萨斯州沃斯堡的餐饮服务企业，主打咖啡与茶类产品的生产分销，同时还供应约300种餐厅及其他经营场所所需的餐饮配套用品，目前由约翰·摩尔担任公司首席执行官兼总裁。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
FARM vs FIP — 直观对比
营收规模更大
FIP
是对方的1.6倍
$88.9M
营收增速更快
FIP
高出78.9%
-1.2%
净利率更高
FARM
高出62.6%
-68.1%
自由现金流更多
FARM
多$66.0M
$-68.6M
两年增速更快
FIP
近两年复合增速
2.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $88.9M | $143.5M |
| 净利润 | $-4.9M | $-97.7M |
| 毛利率 | 36.3% | — |
| 营业利润率 | -4.7% | -45.7% |
| 净利率 | -5.5% | -68.1% |
| 营收同比 | -1.2% | 77.7% |
| 净利润同比 | -2417.1% | 21.6% |
| 每股收益（稀释后） | $-0.22 | $-1.04 |
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FARMFIP
| Q4 25 | $88.9M | $143.5M | ||
| Q3 25 | $81.6M | $140.6M | ||
| Q2 25 | $85.1M | $122.3M | ||
| Q1 25 | $82.1M | $96.2M | ||
| Q4 24 | $90.0M | $80.8M | ||
| Q3 24 | $85.1M | $83.3M | ||
| Q2 24 | $84.4M | $84.9M | ||
| Q1 24 | $85.4M | $82.5M |
净利润FARMFIP
| Q4 25 | $-4.9M | $-97.7M | ||
| Q3 25 | $-4.0M | $-104.5M | ||
| Q2 25 | $-4.7M | $-70.0M | ||
| Q1 25 | $-5.0M | $120.2M | ||
| Q4 24 | $210.0K | $-124.7M | ||
| Q3 24 | $-5.0M | $-43.0M | ||
| Q2 24 | $-4.6M | $-48.1M | ||
| Q1 24 | $-682.0K | $-50.3M |
毛利率FARMFIP
| Q4 25 | 36.3% | — | ||
| Q3 25 | 39.7% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 42.1% | — | ||
| Q4 24 | 43.1% | — | ||
| Q3 24 | 43.9% | — | ||
| Q2 24 | 38.8% | — | ||
| Q1 24 | 40.1% | — |
营业利润率FARMFIP
| Q4 25 | -4.7% | -45.7% | ||
| Q3 25 | -3.9% | -70.8% | ||
| Q2 25 | 4.6% | -56.4% | ||
| Q1 25 | -4.3% | 81.8% | ||
| Q4 24 | 1.1% | -152.7% | ||
| Q3 24 | -3.3% | -51.7% | ||
| Q2 24 | -4.9% | -56.4% | ||
| Q1 24 | -0.5% | -58.8% |
净利率FARMFIP
| Q4 25 | -5.5% | -68.1% | ||
| Q3 25 | -4.9% | -74.4% | ||
| Q2 25 | -5.6% | -57.2% | ||
| Q1 25 | -6.1% | 125.0% | ||
| Q4 24 | 0.2% | -154.4% | ||
| Q3 24 | -5.9% | -51.6% | ||
| Q2 24 | -5.4% | -56.7% | ||
| Q1 24 | -0.8% | -60.9% |
每股收益（稀释后）FARMFIP
| Q4 25 | $-0.22 | $-1.04 | ||
| Q3 25 | $-0.19 | $-1.38 | ||
| Q2 25 | $-0.22 | $-0.73 | ||
| Q1 25 | $-0.23 | $0.89 | ||
| Q4 24 | $0.01 | $-1.21 | ||
| Q3 24 | $-0.24 | $-0.45 | ||
| Q2 24 | $-0.23 | $-0.52 | ||
| Q1 24 | $-0.03 | $-0.54 |
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 | $4.2M | $57.4M |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $35.7M | $21.3M |
| 总资产 | $151.4M | $5.7B |
| 负债/权益比越低杠杆越低 | — | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资FARMFIP
| Q4 25 | $4.2M | $57.4M | ||
| Q3 25 | $3.8M | $34.7M | ||
| Q2 25 | $6.8M | $33.6M | ||
| Q1 25 | $4.1M | $26.3M | ||
| Q4 24 | $5.5M | $27.8M | ||
| Q3 24 | $3.3M | $20.3M | ||
| Q2 24 | $5.8M | $33.1M | ||
| Q1 24 | $5.5M | $23.0M |
总债务FARMFIP
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.3B |
股东权益FARMFIP
| Q4 25 | $35.7M | $21.3M | ||
| Q3 25 | $40.0M | $181.1M | ||
| Q2 25 | $43.5M | $375.5M | ||
| Q1 25 | $37.3M | $476.2M | ||
| Q4 24 | $41.5M | $202.7M | ||
| Q3 24 | $40.9M | $370.8M | ||
| Q2 24 | $45.5M | $394.8M | ||
| Q1 24 | $43.1M | $402.5M |
总资产FARMFIP
| Q4 25 | $151.4M | $5.7B | ||
| Q3 25 | $158.8M | $5.5B | ||
| Q2 25 | $161.2M | $4.4B | ||
| Q1 25 | $163.2M | $4.1B | ||
| Q4 24 | $179.1M | $2.4B | ||
| Q3 24 | $182.0M | $2.4B | ||
| Q2 24 | $185.2M | $2.5B | ||
| Q1 24 | $179.1M | $2.3B |
负债/权益比FARMFIP
| Q4 25 | — | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× | ||
| Q1 24 | — | 3.34× |
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 | $-786.0K | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | $-2.6M | $-68.6M |
| 自由现金流率自由现金流/营收 | -2.9% | -47.8% |
| 资本支出强度资本支出/营收 | 2.1% | 45.9% |
| 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 | — | $-398.5M |
8季度趋势，按日历期对齐
经营现金流FARMFIP
| Q4 25 | $-786.0K | $-2.8M | ||
| Q3 25 | $-5.0M | $-24.4M | ||
| Q2 25 | $9.7M | $-5.2M | ||
| Q1 25 | $1.3M | $-85.7M | ||
| Q4 24 | $2.6M | $-8.1M | ||
| Q3 24 | $2.5M | $14.2M | ||
| Q2 24 | $-995.0K | $-17.6M | ||
| Q1 24 | $-2.3M | $-3.9M |
自由现金流FARMFIP
| Q4 25 | $-2.6M | $-68.6M | ||
| Q3 25 | $-6.9M | $-90.7M | ||
| Q2 25 | — | $-87.5M | ||
| Q1 25 | $-684.0K | $-151.7M | ||
| Q4 24 | $521.0K | $-34.3M | ||
| Q3 24 | $-837.0K | $-11.7M | ||
| Q2 24 | — | $-32.1M | ||
| Q1 24 | $-5.7M | $-16.7M |
自由现金流率FARMFIP
| Q4 25 | -2.9% | -47.8% | ||
| Q3 25 | -8.5% | -64.5% | ||
| Q2 25 | — | -71.6% | ||
| Q1 25 | -0.8% | -157.7% | ||
| Q4 24 | 0.6% | -42.4% | ||
| Q3 24 | -1.0% | -14.0% | ||
| Q2 24 | — | -37.9% | ||
| Q1 24 | -6.7% | -20.3% |
资本支出强度FARMFIP
| Q4 25 | 2.1% | 45.9% | ||
| Q3 25 | 2.4% | 47.2% | ||
| Q2 25 | — | 67.3% | ||
| Q1 25 | 2.4% | 68.6% | ||
| Q4 24 | 2.3% | 32.5% | ||
| Q3 24 | 3.9% | 31.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | 4.0% | 15.6% |
现金转化率FARMFIP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | 12.16× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
FARM
| Coffee Roasted | $45.5M | 51% |
| Tea Iced Hot | $23.3M | 26% |
| Culinary | $14.1M | 16% |
| Spice | $4.9M | 5% |
| Fuel Surcharge | $1.2M | 1% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
