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Fat Brands, Inc（FAT）与MP Materials Corp.（MP）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MP Materials Corp.的1.5倍（$140.0M vs $90.6M），MP Materials Corp.净利率更高（-8.8% vs -41.6%，领先32.8%），MP Materials Corp.同比增速更快（49.1% vs -2.3%），过去两年MP Materials Corp.的营收复合增速更高（70.3% 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。
MP Materials Corp.是总部位于美国的稀土材料生产商，拥有并运营加利福尼亚州芒廷帕斯矿，这是西半球唯一在产的稀土开采及加工设施，所产核心材料可广泛应用于电动汽车、风力发电机、国防工业等多个关键领域。
FAT vs MP — 直观对比
营收规模更大
FAT
是对方的1.5倍
$90.6M
营收增速更快
MP
高出51.4%
-2.3%
净利率更高
MP
高出32.8%
-41.6%
两年增速更快
MP
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $90.6M |
| 净利润 | $-58.2M | $-8.0M |
| 毛利率 | — | — |
| 营业利润率 | -12.4% | — |
| 净利率 | -41.6% | -8.8% |
| 营收同比 | -2.3% | 49.1% |
| 净利润同比 | -30.1% | 64.8% |
| 每股收益（稀释后） | $-3.39 | $-0.04 |
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FATMP
| Q1 26 | — | $90.6M | ||
| Q4 25 | — | $52.7M | ||
| Q3 25 | $140.0M | $53.6M | ||
| Q2 25 | $146.8M | $57.4M | ||
| Q1 25 | $142.0M | $60.8M | ||
| Q4 24 | $145.3M | $61.0M | ||
| Q3 24 | $143.4M | $62.9M | ||
| Q2 24 | $152.0M | $31.3M |
净利润FATMP
| Q1 26 | — | $-8.0M | ||
| Q4 25 | — | $9.4M | ||
| Q3 25 | $-58.2M | $-41.8M | ||
| Q2 25 | $-54.2M | $-30.9M | ||
| Q1 25 | $-46.0M | $-22.6M | ||
| Q4 24 | $-67.4M | $-22.3M | ||
| Q3 24 | $-44.8M | $-25.5M | ||
| Q2 24 | $-39.4M | $-34.1M |
营业利润率FATMP
| Q1 26 | — | — | ||
| Q4 25 | — | -7.0% | ||
| Q3 25 | -12.4% | -125.2% | ||
| Q2 25 | -10.6% | -76.5% | ||
| Q1 25 | -6.0% | -57.2% | ||
| Q4 24 | -27.1% | -72.1% | ||
| Q3 24 | -6.2% | -62.8% | ||
| Q2 24 | -1.8% | -171.1% |
净利率FATMP
| Q1 26 | — | -8.8% | ||
| Q4 25 | — | 17.9% | ||
| Q3 25 | -41.6% | -78.0% | ||
| Q2 25 | -36.9% | -53.8% | ||
| Q1 25 | -32.4% | -37.2% | ||
| Q4 24 | -46.4% | -36.6% | ||
| Q3 24 | -31.2% | -40.5% | ||
| Q2 24 | -25.9% | -108.9% |
每股收益（稀释后）FATMP
| Q1 26 | — | $-0.04 | ||
| Q4 25 | — | $0.07 | ||
| Q3 25 | $-3.39 | $-0.24 | ||
| Q2 25 | $-3.17 | $-0.19 | ||
| Q1 25 | $-2.73 | $-0.14 | ||
| Q4 24 | $-4.06 | $-0.12 | ||
| Q3 24 | $-2.74 | $-0.16 | ||
| Q2 24 | $-2.43 | $-0.21 |
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 | — | $1.7B |
| 总债务越低越好 | $1.3B | $1.0B |
| 股东权益账面价值 | $-585.8M | $2.0B |
| 总资产 | $1.2B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资FATMP
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $261.5M | ||
| Q1 25 | — | $198.3M | ||
| Q4 24 | — | $282.4M | ||
| Q3 24 | — | $284.4M | ||
| Q2 24 | — | $295.6M |
总债务FATMP
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $998.7M | ||
| Q3 25 | $1.3B | $997.3M | ||
| Q2 25 | $1.3B | $910.8M | ||
| Q1 25 | $1.3B | $909.8M | ||
| Q4 24 | $1.3B | $908.7M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
股东权益FATMP
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | $-585.8M | $2.0B | ||
| Q2 25 | $-536.5M | $1.0B | ||
| Q1 25 | $-493.9M | $1.0B | ||
| Q4 24 | $-455.7M | $1.1B | ||
| Q3 24 | $-386.1M | $1.1B | ||
| Q2 24 | $-338.6M | $1.1B |
总资产FATMP
| Q1 26 | — | $3.8B | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | $1.2B | $3.8B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.3B | $2.4B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.4B | $2.4B |
负债/权益比FATMP
| Q1 26 | — | 0.51× | ||
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | — |
| 自由现金流率自由现金流/营收 | -12.1% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FATMP
| Q1 26 | — | $-1.9M | ||
| Q4 25 | — | $-46.9M | ||
| Q3 25 | $-14.5M | $-42.0M | ||
| Q2 25 | $-26.9M | $-3.7M | ||
| Q1 25 | $-13.2M | $-63.2M | ||
| Q4 24 | $-10.4M | $30.5M | ||
| Q3 24 | $-3.2M | $-6.8M | ||
| Q2 24 | $-14.2M | $30.8M |
自由现金流FATMP
| Q1 26 | — | — | ||
| Q4 25 | — | $-109.3M | ||
| Q3 25 | $-16.9M | $-92.5M | ||
| Q2 25 | $-29.3M | $-32.7M | ||
| Q1 25 | $-17.8M | $-93.7M | ||
| Q4 24 | $-11.0M | $-11.2M | ||
| Q3 24 | $-11.1M | $-53.3M | ||
| Q2 24 | $-24.4M | $-15.6M |
自由现金流率FATMP
| Q1 26 | — | — | ||
| Q4 25 | — | -207.4% | ||
| Q3 25 | -12.1% | -172.8% | ||
| Q2 25 | -20.0% | -56.9% | ||
| Q1 25 | -12.5% | -154.0% | ||
| Q4 24 | -7.6% | -18.3% | ||
| Q3 24 | -7.7% | -84.7% | ||
| Q2 24 | -16.1% | -50.1% |
资本支出强度FATMP
| Q1 26 | — | — | ||
| Q4 25 | — | 118.5% | ||
| Q3 25 | 1.7% | 94.3% | ||
| Q2 25 | 1.6% | 50.5% | ||
| Q1 25 | 3.2% | 50.1% | ||
| Q4 24 | 0.4% | 68.3% | ||
| Q3 24 | 5.5% | 73.8% | ||
| Q2 24 | 6.7% | 148.7% |
现金转化率FATMP
| Q1 26 | — | — | ||
| Q4 25 | — | -4.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
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% |
MP
| Materials Segment | $72.2M | 80% |
| Magnetics Segment | $21.1M | 23% |
