vs
Fat Brands, Inc（FAT）与莱迪思半导体（LSCC）财务数据对比。点击上方公司名可切换其他公司
莱迪思半导体的季度营收约是Fat Brands, Inc的1.0倍（$145.8M vs $140.0M），莱迪思半导体净利率更高（-5.2% vs -41.6%，领先36.3%），莱迪思半导体同比增速更快（24.2% vs -2.3%），莱迪思半导体自由现金流更多（$44.0M vs $-16.9M），过去两年莱迪思半导体的营收复合增速更高（1.8% 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。
莱迪思半导体是美国专注于低功耗现场可编程门阵列（FPGA）设计制造的半导体企业，1983年成立，1989年上市，总部位于俄勒冈州希尔斯伯勒硅林区，在圣何塞、上海、马尼拉、槟城、新加坡等地设有运营网点，截至2022年员工超1000人，年营收超6.6亿美元。
FAT vs LSCC — 直观对比
营收规模更大
LSCC
是对方的1.0倍
$140.0M
营收增速更快
LSCC
高出26.5%
-2.3%
净利率更高
LSCC
高出36.3%
-41.6%
自由现金流更多
LSCC
多$60.9M
$-16.9M
两年增速更快
LSCC
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $145.8M |
| 净利润 | $-58.2M | $-7.6M |
| 毛利率 | — | 68.5% |
| 营业利润率 | -12.4% | 0.7% |
| 净利率 | -41.6% | -5.2% |
| 营收同比 | -2.3% | 24.2% |
| 净利润同比 | -30.1% | -146.3% |
| 每股收益（稀释后） | $-3.39 | $-0.06 |
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FATLSCC
| Q1 26 | — | $145.8M | ||
| Q3 25 | $140.0M | $133.3M | ||
| Q2 25 | $146.8M | $124.0M | ||
| Q1 25 | $142.0M | $120.2M | ||
| Q4 24 | $145.3M | $117.4M | ||
| Q3 24 | $143.4M | $127.1M | ||
| Q2 24 | $152.0M | $124.1M | ||
| Q1 24 | $152.0M | $140.8M |
净利润FATLSCC
| Q1 26 | — | $-7.6M | ||
| Q3 25 | $-58.2M | $2.8M | ||
| Q2 25 | $-54.2M | $2.9M | ||
| Q1 25 | $-46.0M | $5.0M | ||
| Q4 24 | $-67.4M | $16.5M | ||
| Q3 24 | $-44.8M | $7.2M | ||
| Q2 24 | $-39.4M | $22.6M | ||
| Q1 24 | $-38.3M | $14.8M |
毛利率FATLSCC
| Q1 26 | — | 68.5% | ||
| Q3 25 | — | 67.9% | ||
| Q2 25 | — | 68.4% | ||
| Q1 25 | — | 68.0% | ||
| Q4 24 | — | 61.1% | ||
| Q3 24 | — | 69.0% | ||
| Q2 24 | — | 68.3% | ||
| Q1 24 | — | 68.3% |
营业利润率FATLSCC
| Q1 26 | — | 0.7% | ||
| Q3 25 | -12.4% | -1.2% | ||
| Q2 25 | -10.6% | 3.8% | ||
| Q1 25 | -6.0% | 5.8% | ||
| Q4 24 | -27.1% | -10.4% | ||
| Q3 24 | -6.2% | 5.9% | ||
| Q2 24 | -1.8% | 18.2% | ||
| Q1 24 | -0.9% | 11.8% |
净利率FATLSCC
| Q1 26 | — | -5.2% | ||
| Q3 25 | -41.6% | 2.1% | ||
| Q2 25 | -36.9% | 2.3% | ||
| Q1 25 | -32.4% | 4.2% | ||
| Q4 24 | -46.4% | 14.1% | ||
| Q3 24 | -31.2% | 5.7% | ||
| Q2 24 | -25.9% | 18.2% | ||
| Q1 24 | -25.2% | 10.5% |
每股收益（稀释后）FATLSCC
| Q1 26 | — | $-0.06 | ||
| Q3 25 | $-3.39 | $0.02 | ||
| Q2 25 | $-3.17 | $0.02 | ||
| Q1 25 | $-2.73 | $0.04 | ||
| Q4 24 | $-4.06 | $0.12 | ||
| Q3 24 | $-2.74 | $0.05 | ||
| Q2 24 | $-2.43 | $0.16 | ||
| Q1 24 | $-2.37 | $0.11 |
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 | — | $133.9M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-585.8M | $714.1M |
| 总资产 | $1.2B | $883.1M |
| 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FATLSCC
| Q1 26 | — | $133.9M | ||
| Q3 25 | — | $117.9M | ||
| Q2 25 | — | $107.2M | ||
| Q1 25 | — | $127.6M | ||
| Q4 24 | — | $136.3M | ||
| Q3 24 | — | $124.3M | ||
| Q2 24 | — | $109.2M | ||
| Q1 24 | — | $107.5M |
总债务FATLSCC
| Q1 26 | — | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益FATLSCC
| Q1 26 | — | $714.1M | ||
| Q3 25 | $-585.8M | $706.4M | ||
| Q2 25 | $-536.5M | $687.0M | ||
| Q1 25 | $-493.9M | $707.9M | ||
| Q4 24 | $-455.7M | $710.9M | ||
| Q3 24 | $-386.1M | $703.5M | ||
| Q2 24 | $-338.6M | $698.8M | ||
| Q1 24 | $-296.8M | $682.7M |
总资产FATLSCC
| Q1 26 | — | $883.1M | ||
| Q3 25 | $1.2B | $844.4M | ||
| Q2 25 | $1.2B | $808.6M | ||
| Q1 25 | $1.3B | $823.6M | ||
| Q4 24 | $1.3B | $843.9M | ||
| Q3 24 | $1.3B | $853.7M | ||
| Q2 24 | $1.4B | $827.5M | ||
| Q1 24 | $1.4B | $815.6M |
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 | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $44.0M |
| 自由现金流率自由现金流/营收 | -12.1% | 30.2% |
| 资本支出强度资本支出/营收 | 1.7% | 9.3% |
| 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 | $132.6M |
8季度趋势，按日历期对齐
经营现金流FATLSCC
| Q1 26 | — | $57.6M | ||
| Q3 25 | $-14.5M | $47.1M | ||
| Q2 25 | $-26.9M | $38.5M | ||
| Q1 25 | $-13.2M | $31.9M | ||
| Q4 24 | $-10.4M | $45.4M | ||
| Q3 24 | $-3.2M | $44.0M | ||
| Q2 24 | $-14.2M | $21.9M | ||
| Q1 24 | $-28.4M | $29.5M |
自由现金流FATLSCC
| Q1 26 | — | $44.0M | ||
| Q3 25 | $-16.9M | $34.0M | ||
| Q2 25 | $-29.3M | $31.3M | ||
| Q1 25 | $-17.8M | $23.3M | ||
| Q4 24 | $-11.0M | $39.7M | ||
| Q3 24 | $-11.1M | $39.4M | ||
| Q2 24 | $-24.4M | $14.8M | ||
| Q1 24 | $-32.5M | $26.1M |
自由现金流率FATLSCC
| Q1 26 | — | 30.2% | ||
| Q3 25 | -12.1% | 25.5% | ||
| Q2 25 | -20.0% | 25.2% | ||
| Q1 25 | -12.5% | 19.4% | ||
| Q4 24 | -7.6% | 33.8% | ||
| Q3 24 | -7.7% | 31.0% | ||
| Q2 24 | -16.1% | 11.9% | ||
| Q1 24 | -21.4% | 18.5% |
资本支出强度FATLSCC
| Q1 26 | — | 9.3% | ||
| Q3 25 | 1.7% | 9.8% | ||
| Q2 25 | 1.6% | 5.8% | ||
| Q1 25 | 3.2% | 7.2% | ||
| Q4 24 | 0.4% | 4.9% | ||
| Q3 24 | 5.5% | 3.7% | ||
| Q2 24 | 6.7% | 5.8% | ||
| Q1 24 | 2.7% | 2.4% |
现金转化率FATLSCC
| Q1 26 | — | — | ||
| Q3 25 | — | 16.86× | ||
| Q2 25 | — | 13.23× | ||
| Q1 25 | — | 6.35× | ||
| Q4 24 | — | 2.75× | ||
| Q3 24 | — | 6.12× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 1.99× |
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% |
LSCC
| Asia | $106.3M | 73% |
| Americas | $21.0M | 14% |
| Europe | $18.5M | 13% |
