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Fat Brands, Inc（FAT）与IMPINJ INC（PI）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IMPINJ INC的1.9倍（$140.0M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -41.6%，领先52.8%），IMPINJ INC同比增速更快（-0.0% vs -2.3%），IMPINJ INC自由现金流更多（$2.2M vs $-16.9M），过去两年Fat Brands, Inc的营收复合增速更高（-6.1% vs -14.9%）
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。
Impinj Inc.是一家美国射频识别（RFID）设备及软件提供商，成立于2000年，总部位于华盛顿州西雅图，源自加州理工学院Carver Mead与Chris Diorio的研究成果。公司主营EPC Class 1 Gen 2无源超高频RFID芯片、读写器、读写器芯片、天线，以及芯片编码、业务数据采集相关的软件应用，为各行业RFID应用提供全链路产品支持。
FAT vs PI — 直观对比
营收规模更大
FAT
是对方的1.9倍
$74.3M
营收增速更快
PI
高出2.3%
-2.3%
净利率更高
PI
高出52.8%
-41.6%
自由现金流更多
PI
多$19.1M
$-16.9M
两年增速更快
FAT
近两年复合增速
-14.9%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $74.3M |
| 净利润 | $-58.2M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | -12.4% | 30.5% |
| 净利率 | -41.6% | 11.2% |
| 营收同比 | -2.3% | -0.0% |
| 净利润同比 | -30.1% | — |
| 每股收益（稀释后） | $-3.39 | $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FATPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | — | $92.8M | ||
| Q3 25 | $140.0M | $96.1M | ||
| Q2 25 | $146.8M | $97.9M | ||
| Q1 25 | $142.0M | $74.3M | ||
| Q4 24 | $145.3M | $91.6M | ||
| Q3 24 | $143.4M | $95.2M | ||
| Q2 24 | $152.0M | $102.5M |
净利润FATPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | — | $-1.1M | ||
| Q3 25 | $-58.2M | $-12.8M | ||
| Q2 25 | $-54.2M | $11.6M | ||
| Q1 25 | $-46.0M | $-8.5M | ||
| Q4 24 | $-67.4M | $-2.7M | ||
| Q3 24 | $-44.8M | $221.0K | ||
| Q2 24 | $-39.4M | $10.0M |
毛利率FATPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | — | 51.8% | ||
| Q3 25 | — | 50.3% | ||
| Q2 25 | — | 57.8% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.5% | ||
| Q3 24 | — | 50.0% | ||
| Q2 24 | — | 56.1% |
营业利润率FATPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | — | -2.9% | ||
| Q3 25 | -12.4% | 0.7% | ||
| Q2 25 | -10.6% | 11.1% | ||
| Q1 25 | -6.0% | -12.9% | ||
| Q4 24 | -27.1% | -3.9% | ||
| Q3 24 | -6.2% | -0.8% | ||
| Q2 24 | -1.8% | 8.8% |
净利率FATPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | — | -1.2% | ||
| Q3 25 | -41.6% | -13.3% | ||
| Q2 25 | -36.9% | 11.8% | ||
| Q1 25 | -32.4% | -11.4% | ||
| Q4 24 | -46.4% | -2.9% | ||
| Q3 24 | -31.2% | 0.2% | ||
| Q2 24 | -25.9% | 9.7% |
每股收益（稀释后）FATPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $-3.39 | $-0.44 | ||
| Q2 25 | $-3.17 | $0.39 | ||
| Q1 25 | $-2.73 | $-0.30 | ||
| Q4 24 | $-4.06 | $-0.06 | ||
| Q3 24 | $-2.74 | $0.01 | ||
| Q2 24 | $-2.43 | $0.34 |
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 | — | $131.8M |
| 总债务越低越好 | $1.3B | $241.5M |
| 股东权益账面价值 | $-585.8M | — |
| 总资产 | $1.2B | $502.5M |
| 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FATPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | — | $175.3M | ||
| Q3 25 | — | $190.1M | ||
| Q2 25 | — | $193.2M | ||
| Q1 25 | — | $147.9M | ||
| Q4 24 | — | $164.7M | ||
| Q3 24 | — | $170.3M | ||
| Q2 24 | — | $220.2M |
总债务FATPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | $1.3B | $280.4M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $283.5M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
股东权益FATPI
| Q1 26 | — | — | ||
| Q4 25 | — | $209.2M | ||
| Q3 25 | $-585.8M | $195.0M | ||
| Q2 25 | $-536.5M | $187.7M | ||
| Q1 25 | $-493.9M | $160.6M | ||
| Q4 24 | $-455.7M | $149.9M | ||
| Q3 24 | $-386.1M | $136.1M | ||
| Q2 24 | $-338.6M | $117.0M |
总资产FATPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | — | $545.2M | ||
| Q3 25 | $1.2B | $516.5M | ||
| Q2 25 | $1.2B | $508.8M | ||
| Q1 25 | $1.3B | $479.8M | ||
| Q4 24 | $1.3B | $489.1M | ||
| Q3 24 | $1.3B | $476.4M | ||
| Q2 24 | $1.4B | $446.1M |
负债/权益比FATPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.89× | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $2.2M |
| 自由现金流率自由现金流/营收 | -12.1% | 3.0% |
| 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 | $61.1M |
8季度趋势，按日历期对齐
经营现金流FATPI
| Q1 26 | — | — | ||
| Q4 25 | — | $15.1M | ||
| Q3 25 | $-14.5M | $20.9M | ||
| Q2 25 | $-26.9M | $33.9M | ||
| Q1 25 | $-13.2M | $-11.1M | ||
| Q4 24 | $-10.4M | $12.6M | ||
| Q3 24 | $-3.2M | $10.1M | ||
| Q2 24 | $-14.2M | $45.5M |
自由现金流FATPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | — | $13.6M | ||
| Q3 25 | $-16.9M | $18.0M | ||
| Q2 25 | $-29.3M | $27.3M | ||
| Q1 25 | $-17.8M | $-13.0M | ||
| Q4 24 | $-11.0M | $8.5M | ||
| Q3 24 | $-11.1M | $4.7M | ||
| Q2 24 | $-24.4M | $44.1M |
自由现金流率FATPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | -12.1% | 18.7% | ||
| Q2 25 | -20.0% | 27.9% | ||
| Q1 25 | -12.5% | -17.5% | ||
| Q4 24 | -7.6% | 9.3% | ||
| Q3 24 | -7.7% | 4.9% | ||
| Q2 24 | -16.1% | 43.0% |
资本支出强度FATPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | 1.7% | 3.1% | ||
| Q2 25 | 1.6% | 6.7% | ||
| Q1 25 | 3.2% | 2.5% | ||
| Q4 24 | 0.4% | 4.5% | ||
| Q3 24 | 5.5% | 5.7% | ||
| Q2 24 | 6.7% | 1.3% |
现金转化率FATPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 45.56× | ||
| Q2 24 | — | 4.56× |
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% |
PI
暂无分部数据
