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Fat Brands, Inc（FAT）与KORE Group Holdings, Inc.（KORE）财务数据对比。点击上方公司名可切换其他公司
Fat Brands, Inc的季度营收约是KORE Group Holdings, Inc.的1.9倍（$140.0M vs $73.9M），KORE Group Holdings, Inc.净利率更高（-25.0% vs -41.6%，领先16.6%），KORE Group Holdings, Inc.同比增速更快（0.7% vs -2.3%），KORE Group Holdings, Inc.自由现金流更多（$9.4M vs $-16.9M），过去两年KORE Group Holdings, Inc.的营收复合增速更高（-1.4% vs -6.1%）
FAT Brands是来自美国的多品牌餐饮与体育酒吧连锁运营商，总部位于加利福尼亚州比弗利山庄，主要开展餐饮品牌的连锁加盟运营业务，旗下涵盖多个餐饮及休闲体育酒吧品牌。
KORE Wireless是一家上市物联网连接服务商，提供物联网连接、托管服务及相关解决方案，业务覆盖医疗健康、物流、车队管理、公用事业、工业自动化等多个领域，目前在全球拥有超过2000万活跃连接数。
FAT vs KORE — 直观对比
营收规模更大
FAT
是对方的1.9倍
$73.9M
营收增速更快
KORE
高出3.1%
-2.3%
净利率更高
KORE
高出16.6%
-41.6%
自由现金流更多
KORE
多$26.3M
$-16.9M
两年增速更快
KORE
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $73.9M |
| 净利润 | $-58.2M | $-18.5M |
| 毛利率 | — | — |
| 营业利润率 | -12.4% | -0.8% |
| 净利率 | -41.6% | -25.0% |
| 营收同比 | -2.3% | 0.7% |
| 净利润同比 | -30.1% | 27.4% |
| 每股收益（稀释后） | $-3.39 | $-0.92 |
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FATKORE
| Q4 25 | — | $73.9M | ||
| Q3 25 | $140.0M | $68.7M | ||
| Q2 25 | $146.8M | $71.3M | ||
| Q1 25 | $142.0M | $72.1M | ||
| Q4 24 | $145.3M | $73.3M | ||
| Q3 24 | $143.4M | $68.9M | ||
| Q2 24 | $152.0M | $67.9M | ||
| Q1 24 | $152.0M | $76.0M |
净利润FATKORE
| Q4 25 | — | $-18.5M | ||
| Q3 25 | $-58.2M | $-12.7M | ||
| Q2 25 | $-54.2M | $-16.9M | ||
| Q1 25 | $-46.0M | $-14.9M | ||
| Q4 24 | $-67.4M | $-25.4M | ||
| Q3 24 | $-44.8M | $-19.4M | ||
| Q2 24 | $-39.4M | $-83.6M | ||
| Q1 24 | $-38.3M | $-17.6M |
营业利润率FATKORE
| Q4 25 | — | -0.8% | ||
| Q3 25 | -12.4% | -6.1% | ||
| Q2 25 | -10.6% | -7.3% | ||
| Q1 25 | -6.0% | -3.4% | ||
| Q4 24 | -27.1% | -17.8% | ||
| Q3 24 | -6.2% | -8.2% | ||
| Q2 24 | -1.8% | -113.0% | ||
| Q1 24 | -0.9% | -9.7% |
净利率FATKORE
| Q4 25 | — | -25.0% | ||
| Q3 25 | -41.6% | -18.5% | ||
| Q2 25 | -36.9% | -23.7% | ||
| Q1 25 | -32.4% | -20.7% | ||
| Q4 24 | -46.4% | -34.7% | ||
| Q3 24 | -31.2% | -28.2% | ||
| Q2 24 | -25.9% | -123.2% | ||
| Q1 24 | -25.2% | -23.1% |
每股收益（稀释后）FATKORE
| Q4 25 | — | $-0.92 | ||
| Q3 25 | $-3.39 | $-0.64 | ||
| Q2 25 | $-3.17 | $-0.86 | ||
| Q1 25 | $-2.73 | $-0.77 | ||
| Q4 24 | $-4.06 | $-1.29 | ||
| Q3 24 | $-2.74 | $-1.00 | ||
| Q2 24 | $-2.43 | $-4.37 | ||
| Q1 24 | $-2.37 | $-0.93 |
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 | — | $26.7M |
| 总债务越低越好 | $1.3B | $301.3M |
| 股东权益账面价值 | $-585.8M | $-163.8M |
| 总资产 | $1.2B | $410.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FATKORE
| Q4 25 | — | $26.7M | ||
| Q3 25 | — | $19.3M | ||
| Q2 25 | — | $21.0M | ||
| Q1 25 | — | $19.7M | ||
| Q4 24 | — | $19.4M | ||
| Q3 24 | — | $18.6M | ||
| Q2 24 | — | $22.3M | ||
| Q1 24 | — | $23.0M |
总债务FATKORE
| Q4 25 | — | $301.3M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $303.1M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益FATKORE
| Q4 25 | — | $-163.8M | ||
| Q3 25 | $-585.8M | $-145.7M | ||
| Q2 25 | $-536.5M | $-133.5M | ||
| Q1 25 | $-493.9M | $-114.9M | ||
| Q4 24 | $-455.7M | $-99.6M | ||
| Q3 24 | $-386.1M | $-77.2M | ||
| Q2 24 | $-338.6M | $-57.2M | ||
| Q1 24 | $-296.8M | $22.3M |
总资产FATKORE
| Q4 25 | — | $410.5M | ||
| Q3 25 | $1.2B | $423.4M | ||
| Q2 25 | $1.2B | $432.9M | ||
| Q1 25 | $1.3B | $445.1M | ||
| Q4 24 | $1.3B | $455.8M | ||
| Q3 24 | $1.3B | $473.9M | ||
| Q2 24 | $1.4B | $487.7M | ||
| Q1 24 | $1.4B | $576.6M |
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 | $-14.5M | $10.4M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $9.4M |
| 自由现金流率自由现金流/营收 | -12.1% | 12.7% |
| 资本支出强度资本支出/营收 | 1.7% | 1.5% |
| 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 | $-75.0M | $15.8M |
8季度趋势，按日历期对齐
经营现金流FATKORE
| Q4 25 | — | $10.4M | ||
| Q3 25 | $-14.5M | $1.1M | ||
| Q2 25 | $-26.9M | $4.1M | ||
| Q1 25 | $-13.2M | $2.9M | ||
| Q4 24 | $-10.4M | $2.1M | ||
| Q3 24 | $-3.2M | $1.2M | ||
| Q2 24 | $-14.2M | $4.0M | ||
| Q1 24 | $-28.4M | $1.9M |
自由现金流FATKORE
| Q4 25 | — | $9.4M | ||
| Q3 25 | $-16.9M | $879.0K | ||
| Q2 25 | $-29.3M | $2.8M | ||
| Q1 25 | $-17.8M | $2.7M | ||
| Q4 24 | $-11.0M | $2.0M | ||
| Q3 24 | $-11.1M | $973.0K | ||
| Q2 24 | $-24.4M | $3.1M | ||
| Q1 24 | $-32.5M | $1.0M |
自由现金流率FATKORE
| Q4 25 | — | 12.7% | ||
| Q3 25 | -12.1% | 1.3% | ||
| Q2 25 | -20.0% | 4.0% | ||
| Q1 25 | -12.5% | 3.8% | ||
| Q4 24 | -7.6% | 2.7% | ||
| Q3 24 | -7.7% | 1.4% | ||
| Q2 24 | -16.1% | 4.6% | ||
| Q1 24 | -21.4% | 1.4% |
资本支出强度FATKORE
| Q4 25 | — | 1.5% | ||
| Q3 25 | 1.7% | 0.3% | ||
| Q2 25 | 1.6% | 1.8% | ||
| Q1 25 | 3.2% | 0.2% | ||
| Q4 24 | 0.4% | 0.1% | ||
| Q3 24 | 5.5% | 0.3% | ||
| Q2 24 | 6.7% | 1.3% | ||
| Q1 24 | 2.7% | 1.2% |
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
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
KORE
| Io T Connectivity And Solutions Services | $55.9M | 76% |
| Hardware Sales | $15.4M | 21% |
| Deployment Services Professional Services Referral Services And Other | $2.5M | 3% |
