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FARMER BROTHERS CO（FARM）与Target Hospitality Corp.（TH）财务数据对比。点击上方公司名可切换其他公司
FARMER BROTHERS CO的季度营收约是Target Hospitality Corp.的1.2倍（$88.9M vs $73.5M），FARMER BROTHERS CO净利率更高（-5.5% vs -20.3%，领先14.9%），Target Hospitality Corp.同比增速更快（22.0% vs -1.2%），过去两年FARMER BROTHERS CO的营收复合增速更高（2.1% vs 0.7%）
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。
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
FARM vs TH — 直观对比
营收规模更大
FARM
是对方的1.2倍
$73.5M
营收增速更快
TH
高出23.2%
-1.2%
净利率更高
FARM
高出14.9%
-20.3%
两年增速更快
FARM
近两年复合增速
0.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $88.9M | $73.5M |
| 净利润 | $-4.9M | $-14.9M |
| 毛利率 | 36.3% | 9.6% |
| 营业利润率 | -4.7% | -22.9% |
| 净利率 | -5.5% | -20.3% |
| 营收同比 | -1.2% | 22.0% |
| 净利润同比 | -2417.1% | -219.1% |
| 每股收益（稀释后） | $-0.22 | $-0.14 |
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FARMTH
| Q4 25 | $88.9M | $73.5M | ||
| Q3 25 | $81.6M | $91.6M | ||
| Q2 25 | $85.1M | $54.9M | ||
| Q1 25 | $82.1M | $54.9M | ||
| Q4 24 | $90.0M | $60.2M | ||
| Q3 24 | $85.1M | $65.8M | ||
| Q2 24 | $84.4M | $67.5M | ||
| Q1 24 | $85.4M | $72.4M |
净利润FARMTH
| Q4 25 | $-4.9M | $-14.9M | ||
| Q3 25 | $-4.0M | $-795.0K | ||
| Q2 25 | $-4.7M | $-14.9M | ||
| Q1 25 | $-5.0M | $-6.5M | ||
| Q4 24 | $210.0K | $12.5M | ||
| Q3 24 | $-5.0M | $20.0M | ||
| Q2 24 | $-4.6M | $18.4M | ||
| Q1 24 | $-682.0K | $20.4M |
毛利率FARMTH
| Q4 25 | 36.3% | 9.6% | ||
| Q3 25 | 39.7% | 19.6% | ||
| Q2 25 | 44.9% | -0.6% | ||
| Q1 25 | 42.1% | 32.7% | ||
| Q4 24 | 43.1% | 61.5% | ||
| Q3 24 | 43.9% | 68.7% | ||
| Q2 24 | 38.8% | 69.4% | ||
| Q1 24 | 40.1% | 67.8% |
营业利润率FARMTH
| Q4 25 | -4.7% | -22.9% | ||
| Q3 25 | -3.9% | 0.1% | ||
| Q2 25 | 4.6% | -30.8% | ||
| Q1 25 | -4.3% | -2.0% | ||
| Q4 24 | 1.1% | 34.5% | ||
| Q3 24 | -3.3% | 42.5% | ||
| Q2 24 | -4.9% | 43.8% | ||
| Q1 24 | -0.5% | 42.0% |
净利率FARMTH
| Q4 25 | -5.5% | -20.3% | ||
| Q3 25 | -4.9% | -0.9% | ||
| Q2 25 | -5.6% | -27.2% | ||
| Q1 25 | -6.1% | -11.8% | ||
| Q4 24 | 0.2% | 20.8% | ||
| Q3 24 | -5.9% | 30.4% | ||
| Q2 24 | -5.4% | 27.2% | ||
| Q1 24 | -0.8% | 28.2% |
每股收益（稀释后）FARMTH
| Q4 25 | $-0.22 | $-0.14 | ||
| Q3 25 | $-0.19 | $-0.01 | ||
| Q2 25 | $-0.22 | $-0.15 | ||
| Q1 25 | $-0.23 | $-0.07 | ||
| Q4 24 | $0.01 | $0.12 | ||
| Q3 24 | $-0.24 | $0.20 | ||
| Q2 24 | $-0.23 | $0.18 | ||
| Q1 24 | $-0.03 | $0.20 |
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 | $8.3M |
| 总债务越低越好 | — | $1.7M |
| 股东权益账面价值 | $35.7M | $389.3M |
| 总资产 | $151.4M | $530.2M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FARMTH
| Q4 25 | $4.2M | $8.3M | ||
| Q3 25 | $3.8M | $30.4M | ||
| Q2 25 | $6.8M | $19.2M | ||
| Q1 25 | $4.1M | $34.5M | ||
| Q4 24 | $5.5M | $190.7M | ||
| Q3 24 | $3.3M | $177.7M | ||
| Q2 24 | $5.8M | $154.3M | ||
| Q1 24 | $5.5M | $124.3M |
总债务FARMTH
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
股东权益FARMTH
| Q4 25 | $35.7M | $389.3M | ||
| Q3 25 | $40.0M | $402.4M | ||
| Q2 25 | $43.5M | $401.3M | ||
| Q1 25 | $37.3M | $415.3M | ||
| Q4 24 | $41.5M | $421.1M | ||
| Q3 24 | $40.9M | $417.6M | ||
| Q2 24 | $45.5M | $397.2M | ||
| Q1 24 | $43.1M | $375.5M |
总资产FARMTH
| Q4 25 | $151.4M | $530.2M | ||
| Q3 25 | $158.8M | $541.2M | ||
| Q2 25 | $161.2M | $533.7M | ||
| Q1 25 | $163.2M | $562.5M | ||
| Q4 24 | $179.1M | $725.8M | ||
| Q3 24 | $182.0M | $709.8M | ||
| Q2 24 | $185.2M | $697.0M | ||
| Q1 24 | $179.1M | $687.2M |
负债/权益比FARMTH
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| 自由现金流经营现金流 - 资本支出 | $-2.6M | — |
| 自由现金流率自由现金流/营收 | -2.9% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流FARMTH
| Q4 25 | $-786.0K | $5.7M | ||
| Q3 25 | $-5.0M | $53.4M | ||
| Q2 25 | $9.7M | $11.1M | ||
| Q1 25 | $1.3M | $3.9M | ||
| Q4 24 | $2.6M | $30.6M | ||
| Q3 24 | $2.5M | $31.4M | ||
| Q2 24 | $-995.0K | $39.1M | ||
| Q1 24 | $-2.3M | $50.6M |
自由现金流FARMTH
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-6.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-684.0K | $-11.6M | ||
| Q4 24 | $521.0K | — | ||
| Q3 24 | $-837.0K | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-5.7M | — |
自由现金流率FARMTH
| Q4 25 | -2.9% | — | ||
| Q3 25 | -8.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.8% | -21.1% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | -1.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -6.7% | — |
资本支出强度FARMTH
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.4% | 28.2% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.0% | — |
现金转化率FARMTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 12.16× | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
