vs
Fat Brands, Inc（FAT）与STRATTEC SECURITY CORP（STRT）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STRATTEC SECURITY CORP的1.0倍（$140.0M vs $137.5M），STRATTEC SECURITY CORP净利率更高（3.6% vs -41.6%，领先45.2%），STRATTEC SECURITY CORP同比增速更快（5.9% vs -2.3%），STRATTEC SECURITY CORP自由现金流更多（$11.3M vs $-16.9M），过去两年STRATTEC SECURITY CORP的营收复合增速更高（7.7% 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。
STRATTEC安全公司是专业的汽车安全访问解决方案供应商，主营汽车机械与电子锁具、钥匙、无钥匙进入系统等产品，主要服务全球汽车整车厂商、重型车辆制造商及汽车后市场客户，业务覆盖北美、欧洲、亚太等地区。
FAT vs STRT — 直观对比
营收规模更大
FAT
是对方的1.0倍
$137.5M
营收增速更快
STRT
高出8.2%
-2.3%
净利率更高
STRT
高出45.2%
-41.6%
自由现金流更多
STRT
多$28.1M
$-16.9M
两年增速更快
STRT
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $140.0M | $137.5M |
| 净利润 | $-58.2M | $4.9M |
| 毛利率 | — | 16.5% |
| 营业利润率 | -12.4% | 3.5% |
| 净利率 | -41.6% | 3.6% |
| 营收同比 | -2.3% | 5.9% |
| 净利润同比 | -30.1% | 275.1% |
| 每股收益（稀释后） | $-3.39 | $1.20 |
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FATSTRT
| Q4 25 | — | $137.5M | ||
| Q3 25 | $140.0M | $152.4M | ||
| Q2 25 | $146.8M | $152.0M | ||
| Q1 25 | $142.0M | $144.1M | ||
| Q4 24 | $145.3M | $129.9M | ||
| Q3 24 | $143.4M | $139.1M | ||
| Q2 24 | $152.0M | — | ||
| Q1 24 | $152.0M | $140.8M |
净利润FATSTRT
| Q4 25 | — | $4.9M | ||
| Q3 25 | $-58.2M | $8.5M | ||
| Q2 25 | $-54.2M | $8.3M | ||
| Q1 25 | $-46.0M | $5.4M | ||
| Q4 24 | $-67.4M | $1.3M | ||
| Q3 24 | $-44.8M | $3.7M | ||
| Q2 24 | $-39.4M | — | ||
| Q1 24 | $-38.3M | $1.5M |
毛利率FATSTRT
| Q4 25 | — | 16.5% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 16.7% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.4% |
营业利润率FATSTRT
| Q4 25 | — | 3.5% | ||
| Q3 25 | -12.4% | 6.9% | ||
| Q2 25 | -10.6% | 5.6% | ||
| Q1 25 | -6.0% | 4.9% | ||
| Q4 24 | -27.1% | 1.6% | ||
| Q3 24 | -6.2% | 3.6% | ||
| Q2 24 | -1.8% | — | ||
| Q1 24 | -0.9% | 1.4% |
净利率FATSTRT
| Q4 25 | — | 3.6% | ||
| Q3 25 | -41.6% | 5.6% | ||
| Q2 25 | -36.9% | 5.4% | ||
| Q1 25 | -32.4% | 3.7% | ||
| Q4 24 | -46.4% | 1.0% | ||
| Q3 24 | -31.2% | 2.7% | ||
| Q2 24 | -25.9% | — | ||
| Q1 24 | -25.2% | 1.1% |
每股收益（稀释后）FATSTRT
| Q4 25 | — | $1.20 | ||
| Q3 25 | $-3.39 | $2.07 | ||
| Q2 25 | $-3.17 | $2.02 | ||
| Q1 25 | $-2.73 | $1.32 | ||
| Q4 24 | $-4.06 | $0.32 | ||
| Q3 24 | $-2.74 | $0.92 | ||
| Q2 24 | $-2.43 | — | ||
| Q1 24 | $-2.37 | $0.37 |
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 | — | $99.0M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-585.8M | $236.8M |
| 总资产 | $1.2B | $392.2M |
| 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FATSTRT
| Q4 25 | — | $99.0M | ||
| Q3 25 | — | $90.5M | ||
| Q2 25 | — | $84.6M | ||
| Q1 25 | — | $62.1M | ||
| Q4 24 | — | $42.6M | ||
| Q3 24 | — | $34.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $9.6M |
总债务FATSTRT
| 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FATSTRT
| Q4 25 | — | $236.8M | ||
| Q3 25 | $-585.8M | $230.5M | ||
| Q2 25 | $-536.5M | $221.6M | ||
| Q1 25 | $-493.9M | $210.7M | ||
| Q4 24 | $-455.7M | $204.5M | ||
| Q3 24 | $-386.1M | $203.0M | ||
| Q2 24 | $-338.6M | — | ||
| Q1 24 | $-296.8M | $193.8M |
总资产FATSTRT
| Q4 25 | — | $392.2M | ||
| Q3 25 | $1.2B | $390.1M | ||
| Q2 25 | $1.2B | $391.5M | ||
| Q1 25 | $1.3B | $387.4M | ||
| Q4 24 | $1.3B | $355.9M | ||
| Q3 24 | $1.3B | $366.9M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | $348.5M |
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 | $13.9M |
| 自由现金流经营现金流 - 资本支出 | $-16.9M | $11.3M |
| 自由现金流率自由现金流/营收 | -12.1% | 8.2% |
| 资本支出强度资本支出/营收 | 1.7% | 1.9% |
| 现金转化率经营现金流/净利润 | — | 2.81× |
| 过去12个月自由现金流最近4个季度 | $-75.0M | $67.8M |
8季度趋势，按日历期对齐
经营现金流FATSTRT
| Q4 25 | — | $13.9M | ||
| Q3 25 | $-14.5M | $11.3M | ||
| Q2 25 | $-26.9M | $30.2M | ||
| Q1 25 | $-13.2M | $20.7M | ||
| Q4 24 | $-10.4M | $9.4M | ||
| Q3 24 | $-3.2M | $11.3M | ||
| Q2 24 | $-14.2M | — | ||
| Q1 24 | $-28.4M | $-309.0K |
自由现金流FATSTRT
| Q4 25 | — | $11.3M | ||
| Q3 25 | $-16.9M | $9.8M | ||
| Q2 25 | $-29.3M | $27.2M | ||
| Q1 25 | $-17.8M | $19.6M | ||
| Q4 24 | $-11.0M | $8.5M | ||
| Q3 24 | $-11.1M | $9.3M | ||
| Q2 24 | $-24.4M | — | ||
| Q1 24 | $-32.5M | $-2.0M |
自由现金流率FATSTRT
| Q4 25 | — | 8.2% | ||
| Q3 25 | -12.1% | 6.4% | ||
| Q2 25 | -20.0% | 17.9% | ||
| Q1 25 | -12.5% | 13.6% | ||
| Q4 24 | -7.6% | 6.6% | ||
| Q3 24 | -7.7% | 6.7% | ||
| Q2 24 | -16.1% | — | ||
| Q1 24 | -21.4% | -1.4% |
资本支出强度FATSTRT
| Q4 25 | — | 1.9% | ||
| Q3 25 | 1.7% | 1.0% | ||
| Q2 25 | 1.6% | 2.0% | ||
| Q1 25 | 3.2% | 0.8% | ||
| Q4 24 | 0.4% | 0.7% | ||
| Q3 24 | 5.5% | 1.5% | ||
| Q2 24 | 6.7% | — | ||
| Q1 24 | 2.7% | 1.2% |
现金转化率FATSTRT
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | — | 3.65× | ||
| Q1 25 | — | 3.84× | ||
| Q4 24 | — | 7.16× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.21× |
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% |
STRT
| Door Handles And Exterior Trim | $35.0M | 25% |
| Power Access Solutions | $34.5M | 25% |
| Keys And Locksets | $26.8M | 19% |
| Latches | $16.3M | 12% |
| User Interface Controls | $12.5M | 9% |
| Aftermarket And Service | $9.4M | 7% |
| Other Product | $3.1M | 2% |
| Related Party | $1.3M | 1% |
