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Fat Brands, Inc（FAT）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
Fat Brands, Inc的季度营收约是RESOURCES CONNECTION, INC.的1.2倍（$140.0M vs $117.7M），RESOURCES CONNECTION, INC.净利率更高（-10.8% vs -41.6%，领先30.8%），Fat Brands, Inc同比增速更快（-2.3% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-16.9M），过去两年Fat Brands, Inc的营收复合增速更高（-6.1% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
FAT vs RGP — 直观对比
营收规模更大
FAT
是对方的1.2倍
$117.7M
营收增速更快
FAT
高出16.8%
-19.2%
净利率更高
RGP
高出30.8%
-41.6%
自由现金流更多
RGP
多$32.4M
$-16.9M
两年增速更快
FAT
近两年复合增速
-11.8%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $117.7M |
| 净利润 | $-58.2M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | -12.4% | -10.3% |
| 净利率 | -41.6% | -10.8% |
| 营收同比 | -2.3% | -19.2% |
| 净利润同比 | -30.1% | 81.6% |
| 每股收益（稀释后） | $-3.39 | $-0.38 |
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FATRGP
| Q4 25 | — | $117.7M | ||
| Q3 25 | $140.0M | $120.2M | ||
| Q2 25 | $146.8M | $139.3M | ||
| Q1 25 | $142.0M | $129.4M | ||
| Q4 24 | $145.3M | $145.6M | ||
| Q3 24 | $143.4M | $136.9M | ||
| Q2 24 | $152.0M | $148.2M | ||
| Q1 24 | $152.0M | $151.3M |
净利润FATRGP
| Q4 25 | — | $-12.7M | ||
| Q3 25 | $-58.2M | $-2.4M | ||
| Q2 25 | $-54.2M | $-73.3M | ||
| Q1 25 | $-46.0M | $-44.1M | ||
| Q4 24 | $-67.4M | $-68.7M | ||
| Q3 24 | $-44.8M | $-5.7M | ||
| Q2 24 | $-39.4M | $10.5M | ||
| Q1 24 | $-38.3M | $2.5M |
毛利率FATRGP
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 37.0% |
营业利润率FATRGP
| Q4 25 | — | -10.3% | ||
| Q3 25 | -12.4% | -1.7% | ||
| Q2 25 | -10.6% | -47.0% | ||
| Q1 25 | -6.0% | -38.4% | ||
| Q4 24 | -27.1% | -52.7% | ||
| Q3 24 | -6.2% | -3.5% | ||
| Q2 24 | -1.8% | 7.6% | ||
| Q1 24 | -0.9% | 2.8% |
净利率FATRGP
| Q4 25 | — | -10.8% | ||
| Q3 25 | -41.6% | -2.0% | ||
| Q2 25 | -36.9% | -52.6% | ||
| Q1 25 | -32.4% | -34.0% | ||
| Q4 24 | -46.4% | -47.2% | ||
| Q3 24 | -31.2% | -4.2% | ||
| Q2 24 | -25.9% | 7.1% | ||
| Q1 24 | -25.2% | 1.7% |
每股收益（稀释后）FATRGP
| Q4 25 | — | $-0.38 | ||
| Q3 25 | $-3.39 | $-0.07 | ||
| Q2 25 | $-3.17 | $-2.21 | ||
| Q1 25 | $-2.73 | $-1.34 | ||
| Q4 24 | $-4.06 | $-2.08 | ||
| Q3 24 | $-2.74 | $-0.17 | ||
| Q2 24 | $-2.43 | $0.31 | ||
| Q1 24 | $-2.37 | $0.08 |
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 | — | $89.8M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-585.8M | $194.6M |
| 总资产 | $1.2B | $289.3M |
| 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FATRGP
| Q4 25 | — | $89.8M | ||
| Q3 25 | — | $77.5M | ||
| Q2 25 | — | $86.1M | ||
| Q1 25 | — | $72.5M | ||
| Q4 24 | — | $78.2M | ||
| Q3 24 | — | $89.6M | ||
| Q2 24 | — | $108.9M | ||
| Q1 24 | — | $113.8M |
总债务FATRGP
| Q4 25 | — | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益FATRGP
| Q4 25 | — | $194.6M | ||
| Q3 25 | $-585.8M | $206.4M | ||
| Q2 25 | $-536.5M | $207.1M | ||
| Q1 25 | $-493.9M | $277.8M | ||
| Q4 24 | $-455.7M | $325.7M | ||
| Q3 24 | $-386.1M | $407.2M | ||
| Q2 24 | $-338.6M | $418.8M | ||
| Q1 24 | $-296.8M | $414.9M |
总资产FATRGP
| Q4 25 | — | $289.3M | ||
| Q3 25 | $1.2B | $287.2M | ||
| Q2 25 | $1.2B | $304.7M | ||
| Q1 25 | $1.3B | $375.6M | ||
| Q4 24 | $1.3B | $424.9M | ||
| Q3 24 | $1.3B | $512.9M | ||
| Q2 24 | $1.4B | $510.9M | ||
| Q1 24 | $1.4B | $523.2M |
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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $15.6M |
| 自由现金流率自由现金流/营收 | -12.1% | 13.2% |
| 资本支出强度资本支出/营收 | 1.7% | 0.3% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
经营现金流FATRGP
| Q4 25 | — | $15.9M | ||
| Q3 25 | $-14.5M | $-7.8M | ||
| Q2 25 | $-26.9M | $16.8M | ||
| Q1 25 | $-13.2M | $659.0K | ||
| Q4 24 | $-10.4M | $1.8M | ||
| Q3 24 | $-3.2M | $-309.0K | ||
| Q2 24 | $-14.2M | $3.2M | ||
| Q1 24 | $-28.4M | $20.5M |
自由现金流FATRGP
| Q4 25 | — | $15.6M | ||
| Q3 25 | $-16.9M | $-8.0M | ||
| Q2 25 | $-29.3M | $16.5M | ||
| Q1 25 | $-17.8M | $238.0K | ||
| Q4 24 | $-11.0M | $61.0K | ||
| Q3 24 | $-11.1M | $-575.0K | ||
| Q2 24 | $-24.4M | $3.0M | ||
| Q1 24 | $-32.5M | $20.4M |
自由现金流率FATRGP
| Q4 25 | — | 13.2% | ||
| Q3 25 | -12.1% | -6.6% | ||
| Q2 25 | -20.0% | 11.8% | ||
| Q1 25 | -12.5% | 0.2% | ||
| Q4 24 | -7.6% | 0.0% | ||
| Q3 24 | -7.7% | -0.4% | ||
| Q2 24 | -16.1% | 2.1% | ||
| Q1 24 | -21.4% | 13.5% |
资本支出强度FATRGP
| Q4 25 | — | 0.3% | ||
| Q3 25 | 1.7% | 0.1% | ||
| Q2 25 | 1.6% | 0.2% | ||
| Q1 25 | 3.2% | 0.3% | ||
| Q4 24 | 0.4% | 1.2% | ||
| Q3 24 | 5.5% | 0.2% | ||
| Q2 24 | 6.7% | 0.1% | ||
| Q1 24 | 2.7% | 0.1% |
现金转化率FATRGP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
