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Fat Brands, Inc（FAT）与GIBRALTAR INDUSTRIES, INC.（ROCK）财务数据对比。点击上方公司名可切换其他公司
GIBRALTAR INDUSTRIES, INC.的季度营收约是Fat Brands, Inc的1.6倍（$225.0M vs $140.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -2.3%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-16.9M），过去两年Fat Brands, Inc的营收复合增速更高（-6.1% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
FAT vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.6倍
$140.0M
营收增速更快
ROCK
高出27.3%
-2.3%
自由现金流更多
ROCK
多$43.1M
$-16.9M
两年增速更快
FAT
近两年复合增速
-12.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $225.0M |
| 净利润 | $-58.2M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | -12.4% | 7.9% |
| 净利率 | -41.6% | — |
| 营收同比 | -2.3% | 24.9% |
| 净利润同比 | -30.1% | — |
| 每股收益（稀释后） | $-3.39 | — |
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FATROCK
| Q4 25 | — | $225.0M | ||
| Q3 25 | $140.0M | $310.9M | ||
| Q2 25 | $146.8M | $309.5M | ||
| Q1 25 | $142.0M | $290.0M | ||
| Q4 24 | $145.3M | $180.1M | ||
| Q3 24 | $143.4M | $277.1M | ||
| Q2 24 | $152.0M | $273.6M | ||
| Q1 24 | $152.0M | $292.5M |
净利润FATROCK
| Q4 25 | — | — | ||
| Q3 25 | $-58.2M | $-89.1M | ||
| Q2 25 | $-54.2M | $26.0M | ||
| Q1 25 | $-46.0M | $21.1M | ||
| Q4 24 | $-67.4M | — | ||
| Q3 24 | $-44.8M | $34.0M | ||
| Q2 24 | $-39.4M | $32.2M | ||
| Q1 24 | $-38.3M | $24.9M |
毛利率FATROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率FATROCK
| Q4 25 | — | 7.9% | ||
| Q3 25 | -12.4% | 12.8% | ||
| Q2 25 | -10.6% | 12.8% | ||
| Q1 25 | -6.0% | 8.8% | ||
| Q4 24 | -27.1% | 13.3% | ||
| Q3 24 | -6.2% | 15.6% | ||
| Q2 24 | -1.8% | 14.9% | ||
| Q1 24 | -0.9% | 10.8% |
净利率FATROCK
| Q4 25 | — | — | ||
| Q3 25 | -41.6% | -28.6% | ||
| Q2 25 | -36.9% | 8.4% | ||
| Q1 25 | -32.4% | 7.3% | ||
| Q4 24 | -46.4% | — | ||
| Q3 24 | -31.2% | 12.3% | ||
| Q2 24 | -25.9% | 11.8% | ||
| Q1 24 | -25.2% | 8.5% |
每股收益（稀释后）FATROCK
| Q4 25 | — | — | ||
| Q3 25 | $-3.39 | $-2.98 | ||
| Q2 25 | $-3.17 | $0.87 | ||
| Q1 25 | $-2.73 | — | ||
| Q4 24 | $-4.06 | — | ||
| Q3 24 | $-2.74 | $1.11 | ||
| Q2 24 | $-2.43 | $1.05 | ||
| Q1 24 | $-2.37 | — |
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 | — | $115.7M |
| 总债务越低越好 | $1.3B | $0 |
| 股东权益账面价值 | $-585.8M | $950.4M |
| 总资产 | $1.2B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FATROCK
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $89.4M | ||
| Q2 25 | — | $43.3M | ||
| Q1 25 | — | $25.1M | ||
| Q4 24 | — | $269.5M | ||
| Q3 24 | — | $228.9M | ||
| Q2 24 | — | $179.1M | ||
| Q1 24 | — | $146.7M |
总债务FATROCK
| Q4 25 | — | $0 | ||
| Q3 25 | $1.3B | $0 | ||
| Q2 25 | $1.3B | $0 | ||
| Q1 25 | $1.3B | $0 | ||
| Q4 24 | $1.3B | $0 | ||
| Q3 24 | $1.2B | $0 | ||
| Q2 24 | $1.2B | $0 | ||
| Q1 24 | $1.2B | $0 |
股东权益FATROCK
| Q4 25 | — | $950.4M | ||
| Q3 25 | $-585.8M | $951.8M | ||
| Q2 25 | $-536.5M | $1.0B | ||
| Q1 25 | $-493.9M | $1.0B | ||
| Q4 24 | $-455.7M | $1.0B | ||
| Q3 24 | $-386.1M | $1.0B | ||
| Q2 24 | $-338.6M | $975.7M | ||
| Q1 24 | $-296.8M | $940.2M |
总资产FATROCK
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.4B | $1.3B |
负债/权益比FATROCK
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $26.2M |
| 自由现金流率自由现金流/营收 | -12.1% | 11.7% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $-75.0M | $120.6M |
8季度趋势，按日历期对齐
经营现金流FATROCK
| Q4 25 | — | $35.5M | ||
| Q3 25 | $-14.5M | $73.0M | ||
| Q2 25 | $-26.9M | $44.9M | ||
| Q1 25 | $-13.2M | $13.7M | ||
| Q4 24 | $-10.4M | $19.9M | ||
| Q3 24 | $-3.2M | $64.7M | ||
| Q2 24 | $-14.2M | $36.5M | ||
| Q1 24 | $-28.4M | $53.2M |
自由现金流FATROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | $-16.9M | $64.8M | ||
| Q2 25 | $-29.3M | $27.3M | ||
| Q1 25 | $-17.8M | $2.3M | ||
| Q4 24 | $-11.0M | $14.1M | ||
| Q3 24 | $-11.1M | $60.5M | ||
| Q2 24 | $-24.4M | $33.5M | ||
| Q1 24 | $-32.5M | $48.8M |
自由现金流率FATROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | -12.1% | 20.8% | ||
| Q2 25 | -20.0% | 8.8% | ||
| Q1 25 | -12.5% | 0.8% | ||
| Q4 24 | -7.6% | 7.8% | ||
| Q3 24 | -7.7% | 21.8% | ||
| Q2 24 | -16.1% | 12.2% | ||
| Q1 24 | -21.4% | 16.7% |
资本支出强度FATROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | 1.7% | 2.6% | ||
| Q2 25 | 1.6% | 5.7% | ||
| Q1 25 | 3.2% | 3.9% | ||
| Q4 24 | 0.4% | 3.3% | ||
| Q3 24 | 5.5% | 1.5% | ||
| Q2 24 | 6.7% | 1.1% | ||
| Q1 24 | 2.7% | 1.5% |
现金转化率FATROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
