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Fat Brands, Inc（FAT）与PROGRESS SOFTWARE CORP（PRGS）财务数据对比。点击上方公司名可切换其他公司
PROGRESS SOFTWARE CORP的季度营收约是Fat Brands, Inc的1.8倍（$252.7M vs $140.0M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs -41.6%，领先51.8%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -2.3%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $-16.9M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% 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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
FAT vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.8倍
$140.0M
营收增速更快
PRGS
高出19.9%
-2.3%
净利率更高
PRGS
高出51.8%
-41.6%
自由现金流更多
PRGS
多$76.8M
$-16.9M
两年增速更快
PRGS
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $252.7M |
| 净利润 | $-58.2M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | -12.4% | 15.2% |
| 净利率 | -41.6% | 10.2% |
| 营收同比 | -2.3% | 17.5% |
| 净利润同比 | -30.1% | 2144.6% |
| 每股收益（稀释后） | $-3.39 | $0.59 |
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FATPRGS
| Q4 25 | — | $252.7M | ||
| Q3 25 | $140.0M | $249.8M | ||
| Q2 25 | $146.8M | $237.4M | ||
| Q1 25 | $142.0M | $238.0M | ||
| Q4 24 | $145.3M | $215.0M | ||
| Q3 24 | $143.4M | $178.7M | ||
| Q2 24 | $152.0M | $175.1M | ||
| Q1 24 | $152.0M | $184.7M |
净利润FATPRGS
| Q4 25 | — | $25.7M | ||
| Q3 25 | $-58.2M | $19.4M | ||
| Q2 25 | $-54.2M | $17.0M | ||
| Q1 25 | $-46.0M | $10.9M | ||
| Q4 24 | $-67.4M | $1.1M | ||
| Q3 24 | $-44.8M | $28.5M | ||
| Q2 24 | $-39.4M | $16.2M | ||
| Q1 24 | $-38.3M | $22.6M |
毛利率FATPRGS
| Q4 25 | — | 81.6% | ||
| Q3 25 | — | 81.0% | ||
| Q2 25 | — | 80.1% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 83.7% | ||
| Q2 24 | — | 81.7% | ||
| Q1 24 | — | 82.2% |
营业利润率FATPRGS
| Q4 25 | — | 15.2% | ||
| Q3 25 | -12.4% | 17.6% | ||
| Q2 25 | -10.6% | 16.3% | ||
| Q1 25 | -6.0% | 13.6% | ||
| Q4 24 | -27.1% | 10.0% | ||
| Q3 24 | -6.2% | 22.6% | ||
| Q2 24 | -1.8% | 15.5% | ||
| Q1 24 | -0.9% | 19.0% |
净利率FATPRGS
| Q4 25 | — | 10.2% | ||
| Q3 25 | -41.6% | 7.8% | ||
| Q2 25 | -36.9% | 7.2% | ||
| Q1 25 | -32.4% | 4.6% | ||
| Q4 24 | -46.4% | 0.5% | ||
| Q3 24 | -31.2% | 15.9% | ||
| Q2 24 | -25.9% | 9.2% | ||
| Q1 24 | -25.2% | 12.3% |
每股收益（稀释后）FATPRGS
| Q4 25 | — | $0.59 | ||
| Q3 25 | $-3.39 | $0.44 | ||
| Q2 25 | $-3.17 | $0.39 | ||
| Q1 25 | $-2.73 | $0.24 | ||
| Q4 24 | $-4.06 | $0.01 | ||
| Q3 24 | $-2.74 | $0.65 | ||
| Q2 24 | $-2.43 | $0.37 | ||
| Q1 24 | $-2.37 | $0.51 |
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 | — | $94.8M |
| 总债务越低越好 | $1.3B | $1.4B |
| 股东权益账面价值 | $-585.8M | $478.3M |
| 总资产 | $1.2B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资FATPRGS
| Q4 25 | — | $94.8M | ||
| Q3 25 | — | $99.0M | ||
| Q2 25 | — | $102.0M | ||
| Q1 25 | — | $124.2M | ||
| Q4 24 | — | $118.1M | ||
| Q3 24 | — | $232.7M | ||
| Q2 24 | — | $190.4M | ||
| Q1 24 | — | $133.2M |
总债务FATPRGS
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益FATPRGS
| Q4 25 | — | $478.3M | ||
| Q3 25 | $-585.8M | $477.7M | ||
| Q2 25 | $-536.5M | $452.7M | ||
| Q1 25 | $-493.9M | $431.8M | ||
| Q4 24 | $-455.7M | $438.8M | ||
| Q3 24 | $-386.1M | $425.6M | ||
| Q2 24 | $-338.6M | $401.7M | ||
| Q1 24 | $-296.8M | $461.7M |
总资产FATPRGS
| Q4 25 | — | $2.5B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | $1.2B | $2.4B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.4B | $1.5B |
负债/权益比FATPRGS
| Q4 25 | — | 2.93× | ||
| Q3 25 | — | 2.97× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $59.9M |
| 自由现金流率自由现金流/营收 | -12.1% | 23.7% |
| 资本支出强度资本支出/营收 | 1.7% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $-75.0M | $229.5M |
8季度趋势，按日历期对齐
经营现金流FATPRGS
| Q4 25 | — | $62.8M | ||
| Q3 25 | $-14.5M | $73.4M | ||
| Q2 25 | $-26.9M | $30.0M | ||
| Q1 25 | $-13.2M | $68.9M | ||
| Q4 24 | $-10.4M | $19.7M | ||
| Q3 24 | $-3.2M | $57.7M | ||
| Q2 24 | $-14.2M | $63.7M | ||
| Q1 24 | $-28.4M | $70.5M |
自由现金流FATPRGS
| Q4 25 | — | $59.9M | ||
| Q3 25 | $-16.9M | $72.4M | ||
| Q2 25 | $-29.3M | $29.5M | ||
| Q1 25 | $-17.8M | $67.7M | ||
| Q4 24 | $-11.0M | $16.8M | ||
| Q3 24 | $-11.1M | $56.6M | ||
| Q2 24 | $-24.4M | $62.7M | ||
| Q1 24 | $-32.5M | $70.2M |
自由现金流率FATPRGS
| Q4 25 | — | 23.7% | ||
| Q3 25 | -12.1% | 29.0% | ||
| Q2 25 | -20.0% | 12.4% | ||
| Q1 25 | -12.5% | 28.4% | ||
| Q4 24 | -7.6% | 7.8% | ||
| Q3 24 | -7.7% | 31.7% | ||
| Q2 24 | -16.1% | 35.8% | ||
| Q1 24 | -21.4% | 38.0% |
资本支出强度FATPRGS
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.7% | 0.4% | ||
| Q2 25 | 1.6% | 0.2% | ||
| Q1 25 | 3.2% | 0.5% | ||
| Q4 24 | 0.4% | 1.3% | ||
| Q3 24 | 5.5% | 0.6% | ||
| Q2 24 | 6.7% | 0.5% | ||
| Q1 24 | 2.7% | 0.2% |
现金转化率FATPRGS
| Q4 25 | — | 2.44× | ||
| Q3 25 | — | 3.78× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 6.30× | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 3.93× | ||
| Q1 24 | — | 3.11× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
