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Fat Brands, Inc（FAT）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是Fat Brands, Inc的1.3倍（$188.3M vs $140.0M），BRC Group Holdings, Inc.净利率更高（47.9% vs -41.6%，领先89.5%），Fat Brands, Inc同比增速更快（-2.3% vs -21.9%），过去两年Fat Brands, Inc的营收复合增速更高（-6.1% vs -15.4%）
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。
FAT vs RILY — 直观对比
营收规模更大
RILY
是对方的1.3倍
$140.0M
营收增速更快
FAT
高出19.5%
-21.9%
净利率更高
RILY
高出89.5%
-41.6%
两年增速更快
FAT
近两年复合增速
-15.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $188.3M |
| 净利润 | $-58.2M | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | -12.4% | 32.3% |
| 净利率 | -41.6% | 47.9% |
| 营收同比 | -2.3% | -21.9% |
| 净利润同比 | -30.1% | 1710.8% |
| 每股收益（稀释后） | $-3.39 | $2.78 |
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FATRILY
| Q4 25 | — | $188.3M | ||
| Q3 25 | $140.0M | $215.3M | ||
| Q2 25 | $146.8M | $188.2M | ||
| Q1 25 | $142.0M | $197.2M | ||
| Q4 24 | $145.3M | $241.0M | ||
| Q3 24 | $143.4M | $225.5M | ||
| Q2 24 | $152.0M | $256.0M | ||
| Q1 24 | $152.0M | $263.4M |
净利润FATRILY
| Q4 25 | — | $90.3M | ||
| Q3 25 | $-58.2M | $91.1M | ||
| Q2 25 | $-54.2M | $139.5M | ||
| Q1 25 | $-46.0M | $-10.0M | ||
| Q4 24 | $-67.4M | $-5.6M | ||
| Q3 24 | $-44.8M | $-284.4M | ||
| Q2 24 | $-39.4M | $-433.6M | ||
| Q1 24 | $-38.3M | $-49.2M |
毛利率FATRILY
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
营业利润率FATRILY
| Q4 25 | — | 32.3% | ||
| Q3 25 | -12.4% | 30.4% | ||
| Q2 25 | -10.6% | 5.7% | ||
| Q1 25 | -6.0% | -31.2% | ||
| Q4 24 | -27.1% | -69.2% | ||
| Q3 24 | -6.2% | -36.4% | ||
| Q2 24 | -1.8% | -90.8% | ||
| Q1 24 | -0.9% | -6.1% |
净利率FATRILY
| Q4 25 | — | 47.9% | ||
| Q3 25 | -41.6% | 42.3% | ||
| Q2 25 | -36.9% | 74.1% | ||
| Q1 25 | -32.4% | -5.1% | ||
| Q4 24 | -46.4% | -2.3% | ||
| Q3 24 | -31.2% | -126.1% | ||
| Q2 24 | -25.9% | -169.4% | ||
| Q1 24 | -25.2% | -18.7% |
每股收益（稀释后）FATRILY
| Q4 25 | — | $2.78 | ||
| Q3 25 | $-3.39 | $2.91 | ||
| Q2 25 | $-3.17 | $4.50 | ||
| Q1 25 | $-2.73 | $-0.39 | ||
| Q4 24 | $-4.06 | $-0.01 | ||
| Q3 24 | $-2.74 | $-9.39 | ||
| Q2 24 | $-2.43 | $-14.35 | ||
| Q1 24 | $-2.37 | $-1.71 |
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 | — | $226.6M |
| 总债务越低越好 | $1.3B | $1.4B |
| 股东权益账面价值 | $-585.8M | $-171.5M |
| 总资产 | $1.2B | $1.7B |
| 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FATRILY
| Q4 25 | — | $226.6M | ||
| Q3 25 | — | $184.2M | ||
| Q2 25 | — | $267.4M | ||
| Q1 25 | — | $138.3M | ||
| Q4 24 | — | $146.9M | ||
| Q3 24 | — | $159.2M | ||
| Q2 24 | — | $236.9M | ||
| Q1 24 | — | $190.7M |
总债务FATRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益FATRILY
| Q4 25 | — | $-171.5M | ||
| Q3 25 | $-585.8M | $-260.5M | ||
| Q2 25 | $-536.5M | $-351.7M | ||
| Q1 25 | $-493.9M | $-496.8M | ||
| Q4 24 | $-455.7M | $-488.2M | ||
| Q3 24 | $-386.1M | $-497.6M | ||
| Q2 24 | $-338.6M | $-218.3M | ||
| Q1 24 | $-296.8M | $228.4M |
总资产FATRILY
| Q4 25 | — | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $1.4B | $3.2B | ||
| Q1 24 | $1.4B | $5.0B |
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 | $26.2M |
| 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 | — | 0.29× |
| 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FATRILY
| Q4 25 | — | $26.2M | ||
| Q3 25 | $-14.5M | $-60.6M | ||
| Q2 25 | $-26.9M | $-25.6M | ||
| Q1 25 | $-13.2M | $184.0K | ||
| Q4 24 | $-10.4M | $-2.7M | ||
| Q3 24 | $-3.2M | $19.5M | ||
| Q2 24 | $-14.2M | $111.5M | ||
| Q1 24 | $-28.4M | $135.4M |
自由现金流FATRILY
| Q4 25 | — | — | ||
| Q3 25 | $-16.9M | — | ||
| Q2 25 | $-29.3M | — | ||
| Q1 25 | $-17.8M | — | ||
| Q4 24 | $-11.0M | — | ||
| Q3 24 | $-11.1M | — | ||
| Q2 24 | $-24.4M | — | ||
| Q1 24 | $-32.5M | — |
自由现金流率FATRILY
| Q4 25 | — | — | ||
| Q3 25 | -12.1% | — | ||
| Q2 25 | -20.0% | — | ||
| Q1 25 | -12.5% | — | ||
| Q4 24 | -7.6% | — | ||
| Q3 24 | -7.7% | — | ||
| Q2 24 | -16.1% | — | ||
| Q1 24 | -21.4% | — |
资本支出强度FATRILY
| Q4 25 | — | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 6.7% | — | ||
| Q1 24 | 2.7% | — |
现金转化率FATRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
