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Fat Brands, Inc（FAT）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）财务数据对比。点击上方公司名可切换其他公司
POWER SOLUTIONS INTERNATIONAL, INC.的季度营收约是Fat Brands, Inc的1.4倍（$191.2M vs $140.0M），POWER SOLUTIONS INTERNATIONAL, INC.净利率更高（8.4% vs -41.6%，领先50.0%），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs -2.3%），POWER SOLUTIONS INTERNATIONAL, INC.自由现金流更多（$-7.6M vs $-16.9M），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% 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。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
FAT vs PSIX — 直观对比
营收规模更大
PSIX
是对方的1.4倍
$140.0M
营收增速更快
PSIX
高出34.9%
-2.3%
净利率更高
PSIX
高出50.0%
-41.6%
自由现金流更多
PSIX
多$9.3M
$-16.9M
两年增速更快
PSIX
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $191.2M |
| 净利润 | $-58.2M | $16.1M |
| 毛利率 | — | 21.9% |
| 营业利润率 | -12.4% | 12.7% |
| 净利率 | -41.6% | 8.4% |
| 营收同比 | -2.3% | 32.5% |
| 净利润同比 | -30.1% | -31.0% |
| 每股收益（稀释后） | $-3.39 | $0.69 |
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FATPSIX
| Q4 25 | — | $191.2M | ||
| Q3 25 | $140.0M | $203.8M | ||
| Q2 25 | $146.8M | $191.9M | ||
| Q1 25 | $142.0M | $135.4M | ||
| Q4 24 | $145.3M | $144.3M | ||
| Q3 24 | $143.4M | $125.8M | ||
| Q2 24 | $152.0M | $110.6M | ||
| Q1 24 | $152.0M | $95.2M |
净利润FATPSIX
| Q4 25 | — | $16.1M | ||
| Q3 25 | $-58.2M | $27.6M | ||
| Q2 25 | $-54.2M | $51.2M | ||
| Q1 25 | $-46.0M | $19.1M | ||
| Q4 24 | $-67.4M | $23.3M | ||
| Q3 24 | $-44.8M | $17.3M | ||
| Q2 24 | $-39.4M | $21.5M | ||
| Q1 24 | $-38.3M | $7.1M |
毛利率FATPSIX
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 23.9% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 31.8% | ||
| Q1 24 | — | 27.0% |
营业利润率FATPSIX
| Q4 25 | — | 12.7% | ||
| Q3 25 | -12.4% | 13.9% | ||
| Q2 25 | -10.6% | 16.9% | ||
| Q1 25 | -6.0% | 18.2% | ||
| Q4 24 | -27.1% | 17.5% | ||
| Q3 24 | -6.2% | 16.3% | ||
| Q2 24 | -1.8% | 22.9% | ||
| Q1 24 | -0.9% | 11.2% |
净利率FATPSIX
| Q4 25 | — | 8.4% | ||
| Q3 25 | -41.6% | 13.5% | ||
| Q2 25 | -36.9% | 26.7% | ||
| Q1 25 | -32.4% | 14.1% | ||
| Q4 24 | -46.4% | 16.1% | ||
| Q3 24 | -31.2% | 13.8% | ||
| Q2 24 | -25.9% | 19.5% | ||
| Q1 24 | -25.2% | 7.5% |
每股收益（稀释后）FATPSIX
| Q4 25 | — | $0.69 | ||
| Q3 25 | $-3.39 | $1.20 | ||
| Q2 25 | $-3.17 | $2.22 | ||
| Q1 25 | $-2.73 | $0.83 | ||
| Q4 24 | $-4.06 | $1.01 | ||
| Q3 24 | $-2.74 | $0.75 | ||
| Q2 24 | $-2.43 | $0.94 | ||
| Q1 24 | $-2.37 | $0.31 |
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 | — | $41.3M |
| 总债务越低越好 | $1.3B | $96.6M |
| 股东权益账面价值 | $-585.8M | $178.6M |
| 总资产 | $1.2B | $424.7M |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资FATPSIX
| Q4 25 | — | $41.3M | ||
| Q3 25 | — | $49.0M | ||
| Q2 25 | — | $49.5M | ||
| Q1 25 | — | $50.0M | ||
| Q4 24 | — | $55.3M | ||
| Q3 24 | — | $40.5M | ||
| Q2 24 | — | $28.8M | ||
| Q1 24 | — | $33.1M |
总债务FATPSIX
| Q4 25 | — | $96.6M | ||
| Q3 25 | $1.3B | $96.7M | ||
| Q2 25 | $1.3B | $1.8M | ||
| Q1 25 | $1.3B | $1.0M | ||
| Q4 24 | $1.3B | $184.0K | ||
| Q3 24 | $1.2B | $238.0K | ||
| Q2 24 | $1.2B | $292.0K | ||
| Q1 24 | $1.2B | $345.0K |
股东权益FATPSIX
| Q4 25 | — | $178.6M | ||
| Q3 25 | $-585.8M | $162.5M | ||
| Q2 25 | $-536.5M | $135.7M | ||
| Q1 25 | $-493.9M | $84.3M | ||
| Q4 24 | $-455.7M | $65.3M | ||
| Q3 24 | $-386.1M | $42.1M | ||
| Q2 24 | $-338.6M | $24.8M | ||
| Q1 24 | $-296.8M | $3.2M |
总资产FATPSIX
| Q4 25 | — | $424.7M | ||
| Q3 25 | $1.2B | $458.9M | ||
| Q2 25 | $1.2B | $437.7M | ||
| Q1 25 | $1.3B | $372.7M | ||
| Q4 24 | $1.3B | $328.2M | ||
| Q3 24 | $1.3B | $339.1M | ||
| Q2 24 | $1.4B | $307.6M | ||
| Q1 24 | $1.4B | $286.8M |
负债/权益比FATPSIX
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | 0.11× |
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 | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $-7.6M |
| 自由现金流率自由现金流/营收 | -12.1% | -4.0% |
| 资本支出强度资本支出/营收 | 1.7% | 1.6% |
| 现金转化率经营现金流/净利润 | — | -0.29× |
| 过去12个月自由现金流最近4个季度 | $-75.0M | $14.1M |
8季度趋势，按日历期对齐
经营现金流FATPSIX
| Q4 25 | — | $-4.6M | ||
| Q3 25 | $-14.5M | $3.3M | ||
| Q2 25 | $-26.9M | $16.7M | ||
| Q1 25 | $-13.2M | $8.8M | ||
| Q4 24 | $-10.4M | $32.7M | ||
| Q3 24 | $-3.2M | $12.6M | ||
| Q2 24 | $-14.2M | $1.5M | ||
| Q1 24 | $-28.4M | $15.6M |
自由现金流FATPSIX
| Q4 25 | — | $-7.6M | ||
| Q3 25 | $-16.9M | $1.7M | ||
| Q2 25 | $-29.3M | $14.6M | ||
| Q1 25 | $-17.8M | $5.4M | ||
| Q4 24 | $-11.0M | $30.0M | ||
| Q3 24 | $-11.1M | $12.1M | ||
| Q2 24 | $-24.4M | $822.0K | ||
| Q1 24 | $-32.5M | $14.8M |
自由现金流率FATPSIX
| Q4 25 | — | -4.0% | ||
| Q3 25 | -12.1% | 0.8% | ||
| Q2 25 | -20.0% | 7.6% | ||
| Q1 25 | -12.5% | 4.0% | ||
| Q4 24 | -7.6% | 20.8% | ||
| Q3 24 | -7.7% | 9.7% | ||
| Q2 24 | -16.1% | 0.7% | ||
| Q1 24 | -21.4% | 15.6% |
资本支出强度FATPSIX
| Q4 25 | — | 1.6% | ||
| Q3 25 | 1.7% | 0.8% | ||
| Q2 25 | 1.6% | 1.1% | ||
| Q1 25 | 3.2% | 2.5% | ||
| Q4 24 | 0.4% | 1.8% | ||
| Q3 24 | 5.5% | 0.3% | ||
| Q2 24 | 6.7% | 0.6% | ||
| Q1 24 | 2.7% | 0.9% |
现金转化率FATPSIX
| Q4 25 | — | -0.29× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 2.20× |
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% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
