vs
Fat Brands, Inc（FAT）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是Fat Brands, Inc的1.4倍（$197.9M vs $140.0M），REPLIGEN CORP净利率更高（6.7% vs -41.6%，领先48.3%），REPLIGEN CORP同比增速更快（13.6% vs -2.3%），REPLIGEN CORP自由现金流更多（$17.6M vs $-16.9M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% 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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
FAT vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.4倍
$140.0M
营收增速更快
RGEN
高出16.0%
-2.3%
净利率更高
RGEN
高出48.3%
-41.6%
自由现金流更多
RGEN
多$34.4M
$-16.9M
两年增速更快
RGEN
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $197.9M |
| 净利润 | $-58.2M | $13.3M |
| 毛利率 | — | 52.5% |
| 营业利润率 | -12.4% | 9.0% |
| 净利率 | -41.6% | 6.7% |
| 营收同比 | -2.3% | 13.6% |
| 净利润同比 | -30.1% | 143.9% |
| 每股收益（稀释后） | $-3.39 | $0.24 |
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FATRGEN
| Q4 25 | — | $197.9M | ||
| Q3 25 | $140.0M | $188.8M | ||
| Q2 25 | $146.8M | $182.4M | ||
| Q1 25 | $142.0M | $169.2M | ||
| Q4 24 | $145.3M | $174.1M | ||
| Q3 24 | $143.4M | $154.9M | ||
| Q2 24 | $152.0M | $154.1M | ||
| Q1 24 | $152.0M | $151.3M |
净利润FATRGEN
| Q4 25 | — | $13.3M | ||
| Q3 25 | $-58.2M | $14.9M | ||
| Q2 25 | $-54.2M | $14.9M | ||
| Q1 25 | $-46.0M | $5.8M | ||
| Q4 24 | $-67.4M | $-30.3M | ||
| Q3 24 | $-44.8M | $-654.0K | ||
| Q2 24 | $-39.4M | $3.3M | ||
| Q1 24 | $-38.3M | $2.1M |
毛利率FATRGEN
| Q4 25 | — | 52.5% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 53.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 50.0% | ||
| Q2 24 | — | 49.8% | ||
| Q1 24 | — | 49.5% |
营业利润率FATRGEN
| Q4 25 | — | 9.0% | ||
| Q3 25 | -12.4% | 8.9% | ||
| Q2 25 | -10.6% | 7.6% | ||
| Q1 25 | -6.0% | 3.9% | ||
| Q4 24 | -27.1% | -17.7% | ||
| Q3 24 | -6.2% | -5.1% | ||
| Q2 24 | -1.8% | 1.0% | ||
| Q1 24 | -0.9% | 1.3% |
净利率FATRGEN
| Q4 25 | — | 6.7% | ||
| Q3 25 | -41.6% | 7.9% | ||
| Q2 25 | -36.9% | 8.2% | ||
| Q1 25 | -32.4% | 3.4% | ||
| Q4 24 | -46.4% | -17.4% | ||
| Q3 24 | -31.2% | -0.4% | ||
| Q2 24 | -25.9% | 2.2% | ||
| Q1 24 | -25.2% | 1.4% |
每股收益（稀释后）FATRGEN
| Q4 25 | — | $0.24 | ||
| Q3 25 | $-3.39 | $0.26 | ||
| Q2 25 | $-3.17 | $0.26 | ||
| Q1 25 | $-2.73 | $0.10 | ||
| Q4 24 | $-4.06 | $-0.55 | ||
| Q3 24 | $-2.74 | $-0.01 | ||
| Q2 24 | $-2.43 | $0.06 | ||
| Q1 24 | $-2.37 | $0.04 |
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 | — | $767.6M |
| 总债务越低越好 | $1.3B | $542.2M |
| 股东权益账面价值 | $-585.8M | $2.1B |
| 总资产 | $1.2B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资FATRGEN
| Q4 25 | — | $767.6M | ||
| Q3 25 | — | $748.7M | ||
| Q2 25 | — | $708.9M | ||
| Q1 25 | — | $697.2M | ||
| Q4 24 | — | $757.4M | ||
| Q3 24 | — | $784.0M | ||
| Q2 24 | — | $809.1M | ||
| Q1 24 | — | $780.6M |
总债务FATRGEN
| Q4 25 | — | $542.2M | ||
| Q3 25 | $1.3B | $537.9M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $525.6M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益FATRGEN
| Q4 25 | — | $2.1B | ||
| Q3 25 | $-585.8M | $2.1B | ||
| Q2 25 | $-536.5M | $2.1B | ||
| Q1 25 | $-493.9M | $2.0B | ||
| Q4 24 | $-455.7M | $2.0B | ||
| Q3 24 | $-386.1M | $2.0B | ||
| Q2 24 | $-338.6M | $2.0B | ||
| Q1 24 | $-296.8M | $2.0B |
总资产FATRGEN
| Q4 25 | — | $2.9B | ||
| Q3 25 | $1.2B | $2.9B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.3B | $2.9B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.3B | $2.8B | ||
| Q2 24 | $1.4B | $2.9B | ||
| Q1 24 | $1.4B | $2.8B |
负债/权益比FATRGEN
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| 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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $17.6M |
| 自由现金流率自由现金流/营收 | -12.1% | 8.9% |
| 资本支出强度资本支出/营收 | 1.7% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $-75.0M | $93.9M |
8季度趋势，按日历期对齐
经营现金流FATRGEN
| Q4 25 | — | $25.7M | ||
| Q3 25 | $-14.5M | $48.1M | ||
| Q2 25 | $-26.9M | $28.6M | ||
| Q1 25 | $-13.2M | $15.0M | ||
| Q4 24 | $-10.4M | $39.2M | ||
| Q3 24 | $-3.2M | $49.3M | ||
| Q2 24 | $-14.2M | $42.2M | ||
| Q1 24 | $-28.4M | $44.7M |
自由现金流FATRGEN
| Q4 25 | — | $17.6M | ||
| Q3 25 | $-16.9M | $43.4M | ||
| Q2 25 | $-29.3M | $21.5M | ||
| Q1 25 | $-17.8M | $11.4M | ||
| Q4 24 | $-11.0M | $33.6M | ||
| Q3 24 | $-11.1M | $42.3M | ||
| Q2 24 | $-24.4M | $37.4M | ||
| Q1 24 | $-32.5M | $36.4M |
自由现金流率FATRGEN
| Q4 25 | — | 8.9% | ||
| Q3 25 | -12.1% | 23.0% | ||
| Q2 25 | -20.0% | 11.8% | ||
| Q1 25 | -12.5% | 6.8% | ||
| Q4 24 | -7.6% | 19.3% | ||
| Q3 24 | -7.7% | 27.3% | ||
| Q2 24 | -16.1% | 24.3% | ||
| Q1 24 | -21.4% | 24.0% |
资本支出强度FATRGEN
| Q4 25 | — | 4.1% | ||
| Q3 25 | 1.7% | 2.5% | ||
| Q2 25 | 1.6% | 3.9% | ||
| Q1 25 | 3.2% | 2.1% | ||
| Q4 24 | 0.4% | 3.2% | ||
| Q3 24 | 5.5% | 4.5% | ||
| Q2 24 | 6.7% | 3.1% | ||
| Q1 24 | 2.7% | 5.5% |
现金转化率FATRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.70× | ||
| Q1 24 | — | 21.35× |
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% |
RGEN
暂无分部数据
