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Fat Brands, Inc（FAT）与Offerpad Solutions Inc.（OPAD）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Offerpad Solutions Inc.的1.2倍（$140.0M vs $114.1M），Fat Brands, Inc同比增速更快（-2.3% vs -34.5%），Offerpad Solutions Inc.自由现金流更多（$65.7M vs $-16.9M），过去两年Fat Brands, Inc的营收复合增速更高（-6.1% vs -36.8%）
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。
Offerpad Solutions Inc是美国知名房地产科技企业，专注于简化住宅房产交易流程，采用iBuyer模式直接向卖家收购房屋，完成翻新后挂牌出售，同时提供按揭、产权服务、灵活搬迁方案等配套服务，业务覆盖美国数十个州。
FAT vs OPAD — 直观对比
营收规模更大
FAT
是对方的1.2倍
$114.1M
营收增速更快
FAT
高出32.2%
-34.5%
自由现金流更多
OPAD
多$82.6M
$-16.9M
两年增速更快
FAT
近两年复合增速
-36.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $114.1M |
| 净利润 | $-58.2M | — |
| 毛利率 | — | 7.0% |
| 营业利润率 | -12.4% | — |
| 净利率 | -41.6% | — |
| 营收同比 | -2.3% | -34.5% |
| 净利润同比 | -30.1% | 49.1% |
| 每股收益（稀释后） | $-3.39 | — |
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FATOPAD
| Q4 25 | — | $114.1M | ||
| Q3 25 | $140.0M | $132.7M | ||
| Q2 25 | $146.8M | $160.3M | ||
| Q1 25 | $142.0M | $160.7M | ||
| Q4 24 | $145.3M | $174.3M | ||
| Q3 24 | $143.4M | $208.1M | ||
| Q2 24 | $152.0M | $251.1M | ||
| Q1 24 | $152.0M | $285.4M |
净利润FATOPAD
| Q4 25 | — | — | ||
| Q3 25 | $-58.2M | $-11.6M | ||
| Q2 25 | $-54.2M | $-10.9M | ||
| Q1 25 | $-46.0M | $-15.1M | ||
| Q4 24 | $-67.4M | $-17.3M | ||
| Q3 24 | $-44.8M | $-13.5M | ||
| Q2 24 | $-39.4M | $-13.8M | ||
| Q1 24 | $-38.3M | $-17.5M |
毛利率FATOPAD
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | 7.9% |
营业利润率FATOPAD
| Q4 25 | — | — | ||
| Q3 25 | -12.4% | -5.1% | ||
| Q2 25 | -10.6% | -4.9% | ||
| Q1 25 | -6.0% | -7.2% | ||
| Q4 24 | -27.1% | -7.8% | ||
| Q3 24 | -6.2% | -4.3% | ||
| Q2 24 | -1.8% | -3.9% | ||
| Q1 24 | -0.9% | -4.8% |
净利率FATOPAD
| Q4 25 | — | — | ||
| Q3 25 | -41.6% | -8.7% | ||
| Q2 25 | -36.9% | -6.8% | ||
| Q1 25 | -32.4% | -9.4% | ||
| Q4 24 | -46.4% | -9.9% | ||
| Q3 24 | -31.2% | -6.5% | ||
| Q2 24 | -25.9% | -5.5% | ||
| Q1 24 | -25.2% | -6.1% |
每股收益（稀释后）FATOPAD
| Q4 25 | — | — | ||
| Q3 25 | $-3.39 | $-0.37 | ||
| Q2 25 | $-3.17 | $-0.39 | ||
| Q1 25 | $-2.73 | $-0.55 | ||
| Q4 24 | $-4.06 | $-0.64 | ||
| Q3 24 | $-2.74 | $-0.49 | ||
| Q2 24 | $-2.43 | $-0.50 | ||
| Q1 24 | $-2.37 | $-0.64 |
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 | — | $26.5M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-585.8M | $38.2M |
| 总资产 | $1.2B | $154.8M |
| 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FATOPAD
| Q4 25 | — | $26.5M | ||
| Q3 25 | — | $31.0M | ||
| Q2 25 | — | $22.6M | ||
| Q1 25 | — | $30.8M | ||
| Q4 24 | — | $43.0M | ||
| Q3 24 | — | $48.5M | ||
| Q2 24 | — | $56.9M | ||
| Q1 24 | — | $68.5M |
总债务FATOPAD
| Q4 25 | — | — | ||
| 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FATOPAD
| Q4 25 | — | $38.2M | ||
| Q3 25 | $-585.8M | $39.9M | ||
| Q2 25 | $-536.5M | $24.5M | ||
| Q1 25 | $-493.9M | $34.2M | ||
| Q4 24 | $-455.7M | $47.7M | ||
| Q3 24 | $-386.1M | $64.7M | ||
| Q2 24 | $-338.6M | $77.6M | ||
| Q1 24 | $-296.8M | $88.1M |
总资产FATOPAD
| Q4 25 | — | $154.8M | ||
| Q3 25 | $1.2B | $223.5M | ||
| Q2 25 | $1.2B | $268.0M | ||
| Q1 25 | $1.3B | $274.5M | ||
| Q4 24 | $1.3B | $313.1M | ||
| Q3 24 | $1.3B | $338.5M | ||
| Q2 24 | $1.4B | $406.6M | ||
| Q1 24 | $1.4B | $369.7M |
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 | $66.8M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $65.7M |
| 自由现金流率自由现金流/营收 | -12.1% | 57.6% |
| 资本支出强度资本支出/营收 | 1.7% | 0.9% |
| 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 | $-75.0M | — |
8季度趋势，按日历期对齐
经营现金流FATOPAD
| Q4 25 | — | $66.8M | ||
| Q3 25 | $-14.5M | $40.0M | ||
| Q2 25 | $-26.9M | $-13.5M | ||
| Q1 25 | $-13.2M | $-10.2M | ||
| Q4 24 | $-10.4M | $20.8M | ||
| Q3 24 | $-3.2M | $39.6M | ||
| Q2 24 | $-14.2M | $-54.4M | ||
| Q1 24 | $-28.4M | $2.4M |
自由现金流FATOPAD
| Q4 25 | — | $65.7M | ||
| Q3 25 | $-16.9M | — | ||
| Q2 25 | $-29.3M | $-13.6M | ||
| Q1 25 | $-17.8M | $-11.2M | ||
| Q4 24 | $-11.0M | $15.4M | ||
| Q3 24 | $-11.1M | $38.7M | ||
| Q2 24 | $-24.4M | $-54.4M | ||
| Q1 24 | $-32.5M | $2.0M |
自由现金流率FATOPAD
| Q4 25 | — | 57.6% | ||
| Q3 25 | -12.1% | — | ||
| Q2 25 | -20.0% | -8.5% | ||
| Q1 25 | -12.5% | -7.0% | ||
| Q4 24 | -7.6% | 8.9% | ||
| Q3 24 | -7.7% | 18.6% | ||
| Q2 24 | -16.1% | -21.7% | ||
| Q1 24 | -21.4% | 0.7% |
资本支出强度FATOPAD
| Q4 25 | — | 0.9% | ||
| Q3 25 | 1.7% | 0.0% | ||
| Q2 25 | 1.6% | 0.1% | ||
| Q1 25 | 3.2% | 0.6% | ||
| Q4 24 | 0.4% | 3.1% | ||
| Q3 24 | 5.5% | 0.4% | ||
| Q2 24 | 6.7% | 0.0% | ||
| Q1 24 | 2.7% | 0.1% |
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% |
OPAD
暂无分部数据
