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Fat Brands, Inc（FAT）与Ribbon Communications Inc.（RBBN）财务数据对比。点击上方公司名可切换其他公司
Ribbon Communications Inc.的季度营收约是Fat Brands, Inc的1.2倍（$162.6M vs $140.0M），Ribbon Communications Inc.净利率更高（54.8% vs -41.6%，领先96.4%），Fat Brands, Inc同比增速更快（-2.3% vs -10.3%），过去两年Fat Brands, Inc的营收复合增速更高（-6.1% vs -8.1%）
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。
睿宾通信公司（Ribbon Communications Inc.）主要为电信运营商、企业及关键基础设施领域提供软件、IP与光网络解决方案。公司于2017年由Genband与Sonus Networks合并成立，总部位于美国得克萨斯州普莱诺，是一家上市科技企业。
FAT vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.2倍
$140.0M
营收增速更快
FAT
高出8.0%
-10.3%
净利率更高
RBBN
高出96.4%
-41.6%
两年增速更快
FAT
近两年复合增速
-8.1%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $162.6M |
| 净利润 | $-58.2M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | -12.4% | 37.6% |
| 净利率 | -41.6% | 54.8% |
| 营收同比 | -2.3% | -10.3% |
| 净利润同比 | -30.1% | — |
| 每股收益（稀释后） | $-3.39 | $0.50 |
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FATRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | — | $227.3M | ||
| Q3 25 | $140.0M | $215.4M | ||
| Q2 25 | $146.8M | $220.6M | ||
| Q1 25 | $142.0M | $181.3M | ||
| Q4 24 | $145.3M | $251.4M | ||
| Q3 24 | $143.4M | $210.2M | ||
| Q2 24 | $152.0M | $192.6M |
净利润FATRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $-58.2M | $-12.1M | ||
| Q2 25 | $-54.2M | $-11.1M | ||
| Q1 25 | $-46.0M | $-26.2M | ||
| Q4 24 | $-67.4M | — | ||
| Q3 24 | $-44.8M | $-13.4M | ||
| Q2 24 | $-39.4M | $-16.8M |
毛利率FATRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 49.6% | ||
| Q1 25 | — | 45.4% | ||
| Q4 24 | — | 55.7% | ||
| Q3 24 | — | 52.1% | ||
| Q2 24 | — | 50.8% |
营业利润率FATRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | -12.4% | 1.3% | ||
| Q2 25 | -10.6% | 1.9% | ||
| Q1 25 | -6.0% | -10.8% | ||
| Q4 24 | -27.1% | 13.2% | ||
| Q3 24 | -6.2% | -0.4% | ||
| Q2 24 | -1.8% | -1.0% |
净利率FATRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | -41.6% | -5.6% | ||
| Q2 25 | -36.9% | -5.0% | ||
| Q1 25 | -32.4% | -14.5% | ||
| Q4 24 | -46.4% | — | ||
| Q3 24 | -31.2% | -6.4% | ||
| Q2 24 | -25.9% | -8.7% |
每股收益（稀释后）FATRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | — | $0.50 | ||
| Q3 25 | $-3.39 | $-0.07 | ||
| Q2 25 | $-3.17 | $-0.06 | ||
| Q1 25 | $-2.73 | $-0.15 | ||
| Q4 24 | $-4.06 | $0.05 | ||
| Q3 24 | $-2.74 | $-0.08 | ||
| Q2 24 | $-2.43 | $-0.10 |
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 | — | $67.6M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-585.8M | $419.1M |
| 总资产 | $1.2B | — |
| 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FATRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | — | $96.4M | ||
| Q3 25 | — | $74.8M | ||
| Q2 25 | — | $60.5M | ||
| Q1 25 | — | $71.2M | ||
| Q4 24 | — | $87.8M | ||
| Q3 24 | — | $37.2M | ||
| Q2 24 | — | $64.6M |
总债务FATRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | $1.3B | $344.3M | ||
| Q2 25 | $1.3B | $346.5M | ||
| Q1 25 | $1.3B | $347.4M | ||
| Q4 24 | $1.3B | $348.3M | ||
| Q3 24 | $1.2B | $349.1M | ||
| Q2 24 | $1.2B | $350.0M |
股东权益FATRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | — | $449.0M | ||
| Q3 25 | $-585.8M | $360.1M | ||
| Q2 25 | $-536.5M | $370.4M | ||
| Q1 25 | $-493.9M | $381.8M | ||
| Q4 24 | $-455.7M | $404.6M | ||
| Q3 24 | $-386.1M | $395.5M | ||
| Q2 24 | $-338.6M | $405.0M |
总资产FATRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B |
负债/权益比FATRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.86× |
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 | — |
| 自由现金流率自由现金流/营收 | -12.1% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FATRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $29.2M | ||
| Q3 25 | $-14.5M | $26.5M | ||
| Q2 25 | $-26.9M | $-795.0K | ||
| Q1 25 | $-13.2M | $-3.5M | ||
| Q4 24 | $-10.4M | $61.8M | ||
| Q3 24 | $-3.2M | $-14.8M | ||
| Q2 24 | $-14.2M | $-9.8M |
自由现金流FATRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | $-16.9M | $21.0M | ||
| Q2 25 | $-29.3M | $-6.5M | ||
| Q1 25 | $-17.8M | $-15.7M | ||
| Q4 24 | $-11.0M | $53.8M | ||
| Q3 24 | $-11.1M | $-23.7M | ||
| Q2 24 | $-24.4M | $-12.9M |
自由现金流率FATRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | -12.1% | 9.7% | ||
| Q2 25 | -20.0% | -2.9% | ||
| Q1 25 | -12.5% | -8.7% | ||
| Q4 24 | -7.6% | 21.4% | ||
| Q3 24 | -7.7% | -11.3% | ||
| Q2 24 | -16.1% | -6.7% |
资本支出强度FATRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | 1.7% | 2.6% | ||
| Q2 25 | 1.6% | 2.6% | ||
| Q1 25 | 3.2% | 6.7% | ||
| Q4 24 | 0.4% | 3.2% | ||
| Q3 24 | 5.5% | 4.2% | ||
| Q2 24 | 6.7% | 1.6% |
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% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
