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Fat Brands, Inc（FAT）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
福尼克斯的季度营收约是Fat Brands, Inc的1.5倍（$210.4M vs $140.0M），福尼克斯净利率更高（10.9% vs -41.6%，领先52.5%），Fat Brands, Inc同比增速更快（-2.3% vs -5.5%），福尼克斯自由现金流更多（$25.2M vs $-16.9M），过去两年福尼克斯的营收复合增速更高（-3.8% 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。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
FAT vs PLAB — 直观对比
营收规模更大
PLAB
是对方的1.5倍
$140.0M
营收增速更快
FAT
高出3.2%
-5.5%
净利率更高
PLAB
高出52.5%
-41.6%
自由现金流更多
PLAB
多$42.1M
$-16.9M
两年增速更快
PLAB
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $210.4M |
| 净利润 | $-58.2M | $22.9M |
| 毛利率 | — | 33.7% |
| 营业利润率 | -12.4% | 22.9% |
| 净利率 | -41.6% | 10.9% |
| 营收同比 | -2.3% | -5.5% |
| 净利润同比 | -30.1% | -32.4% |
| 每股收益（稀释后） | $-3.39 | $0.39 |
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FATPLAB
| Q3 25 | $140.0M | $210.4M | ||
| Q2 25 | $146.8M | $211.0M | ||
| Q1 25 | $142.0M | $212.1M | ||
| Q4 24 | $145.3M | $222.6M | ||
| Q3 24 | $143.4M | $211.0M | ||
| Q2 24 | $152.0M | $217.0M | ||
| Q1 24 | $152.0M | $216.3M | ||
| Q4 23 | $158.6M | $227.5M |
净利润FATPLAB
| Q3 25 | $-58.2M | $22.9M | ||
| Q2 25 | $-54.2M | $8.9M | ||
| Q1 25 | $-46.0M | $42.9M | ||
| Q4 24 | $-67.4M | $33.9M | ||
| Q3 24 | $-44.8M | $34.4M | ||
| Q2 24 | $-39.4M | $36.3M | ||
| Q1 24 | $-38.3M | $26.2M | ||
| Q4 23 | $-26.2M | $44.6M |
毛利率FATPLAB
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% | ||
| Q4 23 | — | 37.3% |
营业利润率FATPLAB
| Q3 25 | -12.4% | 22.9% | ||
| Q2 25 | -10.6% | 26.4% | ||
| Q1 25 | -6.0% | 24.6% | ||
| Q4 24 | -27.1% | 25.1% | ||
| Q3 24 | -6.2% | 24.7% | ||
| Q2 24 | -1.8% | 25.8% | ||
| Q1 24 | -0.9% | 26.6% | ||
| Q4 23 | -2.0% | 28.5% |
净利率FATPLAB
| Q3 25 | -41.6% | 10.9% | ||
| Q2 25 | -36.9% | 4.2% | ||
| Q1 25 | -32.4% | 20.2% | ||
| Q4 24 | -46.4% | 15.2% | ||
| Q3 24 | -31.2% | 16.3% | ||
| Q2 24 | -25.9% | 16.7% | ||
| Q1 24 | -25.2% | 12.1% | ||
| Q4 23 | -16.5% | 19.6% |
每股收益（稀释后）FATPLAB
| Q3 25 | $-3.39 | $0.39 | ||
| Q2 25 | $-3.17 | $0.15 | ||
| Q1 25 | $-2.73 | $0.68 | ||
| Q4 24 | $-4.06 | $0.54 | ||
| Q3 24 | $-2.74 | $0.55 | ||
| Q2 24 | $-2.43 | $0.58 | ||
| Q1 24 | $-2.37 | $0.42 | ||
| Q4 23 | $-1.68 | $0.71 |
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 | — | $575.8M |
| 总债务越低越好 | $1.3B | $16.0K |
| 股东权益账面价值 | $-585.8M | $1.1B |
| 总资产 | $1.2B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FATPLAB
| Q3 25 | — | $575.8M | ||
| Q2 25 | — | $558.4M | ||
| Q1 25 | — | $642.2M | ||
| Q4 24 | — | $640.7M | ||
| Q3 24 | — | $606.4M | ||
| Q2 24 | — | $559.9M | ||
| Q1 24 | — | $521.5M | ||
| Q4 23 | — | $512.2M |
总债务FATPLAB
| Q3 25 | $1.3B | $16.0K | ||
| Q2 25 | $1.3B | $19.0K | ||
| Q1 25 | $1.3B | $21.0K | ||
| Q4 24 | $1.3B | $25.0K | ||
| Q3 24 | $1.2B | $28.0K | ||
| Q2 24 | $1.2B | $2.5M | ||
| Q1 24 | $1.2B | $2.7M | ||
| Q4 23 | $1.2B | $18.0M |
股东权益FATPLAB
| Q3 25 | $-585.8M | $1.1B | ||
| Q2 25 | $-536.5M | $1.1B | ||
| Q1 25 | $-493.9M | $1.1B | ||
| Q4 24 | $-455.7M | $1.1B | ||
| Q3 24 | $-386.1M | $1.1B | ||
| Q2 24 | $-338.6M | $1.0B | ||
| Q1 24 | $-296.8M | $1.0B | ||
| Q4 23 | $-255.9M | $975.0M |
总资产FATPLAB
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.3B | $1.7B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.4B | $1.6B | ||
| Q4 23 | $1.4B | $1.5B |
负债/权益比FATPLAB
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× | ||
| Q4 23 | — | 0.02× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $25.2M |
| 自由现金流率自由现金流/营收 | -12.1% | 12.0% |
| 资本支出强度资本支出/营收 | 1.7% | 11.8% |
| 现金转化率经营现金流/净利润 | — | 2.19× |
| 过去12个月自由现金流最近4个季度 | $-75.0M | $64.5M |
8季度趋势，按日历期对齐
经营现金流FATPLAB
| Q3 25 | $-14.5M | $50.1M | ||
| Q2 25 | $-26.9M | $31.5M | ||
| Q1 25 | $-13.2M | $78.5M | ||
| Q4 24 | $-10.4M | $68.4M | ||
| Q3 24 | $-3.2M | $75.1M | ||
| Q2 24 | $-14.2M | $76.5M | ||
| Q1 24 | $-28.4M | $41.5M | ||
| Q4 23 | $-12.6M | $106.6M |
自由现金流FATPLAB
| Q3 25 | $-16.9M | $25.2M | ||
| Q2 25 | $-29.3M | $-29.1M | ||
| Q1 25 | $-17.8M | $43.3M | ||
| Q4 24 | $-11.0M | $25.2M | ||
| Q3 24 | $-11.1M | $50.7M | ||
| Q2 24 | $-24.4M | $56.5M | ||
| Q1 24 | $-32.5M | $-1.8M | ||
| Q4 23 | $-18.0M | $54.1M |
自由现金流率FATPLAB
| Q3 25 | -12.1% | 12.0% | ||
| Q2 25 | -20.0% | -13.8% | ||
| Q1 25 | -12.5% | 20.4% | ||
| Q4 24 | -7.6% | 11.3% | ||
| Q3 24 | -7.7% | 24.0% | ||
| Q2 24 | -16.1% | 26.0% | ||
| Q1 24 | -21.4% | -0.8% | ||
| Q4 23 | -11.4% | 23.8% |
资本支出强度FATPLAB
| Q3 25 | 1.7% | 11.8% | ||
| Q2 25 | 1.6% | 28.7% | ||
| Q1 25 | 3.2% | 16.6% | ||
| Q4 24 | 0.4% | 19.4% | ||
| Q3 24 | 5.5% | 11.6% | ||
| Q2 24 | 6.7% | 9.2% | ||
| Q1 24 | 2.7% | 20.0% | ||
| Q4 23 | 3.4% | 23.1% |
现金转化率FATPLAB
| Q3 25 | — | 2.19× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | — | 1.59× | ||
| Q4 23 | — | 2.39× |
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% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
