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AMICUS THERAPEUTICS, INC.（FOLD）与First Watch Restaurant Group, Inc.（FWRG）财务数据对比。点击上方公司名可切换其他公司
First Watch Restaurant Group, Inc.的季度营收约是AMICUS THERAPEUTICS, INC.的1.7倍（$316.4M vs $185.2M），AMICUS THERAPEUTICS, INC.同比增速更快（23.7% vs 20.2%），AMICUS THERAPEUTICS, INC.自由现金流更多（$16.0M vs $-18.3M），过去两年AMICUS THERAPEUTICS, INC.的营收复合增速更高（29.5% vs 14.2%）
Amicus Therapeutics是总部位于美国宾夕法尼亚州费城的生物制药上市企业，2007年在纳斯达克挂牌上市，股票代码为FOLD。上市前，公司曾获得Radius Ventures、迦南合伙人、恩颐投资等多家风险投资机构的资金支持，专注于生物医药领域的研发与商业化布局。
该企业原信息存在公司混淆错误，实际First Watch Restaurant Group是美国餐饮集团，主打鲜制早餐、早午餐与午餐，在美国多个州运营自营与特许加盟餐厅，聚焦日间休闲餐饮市场，为消费者提供新鲜健康的美式餐食选择。
FOLD vs FWRG — 直观对比
营收规模更大
FWRG
是对方的1.7倍
$185.2M
营收增速更快
FOLD
高出3.6%
20.2%
自由现金流更多
FOLD
多$34.3M
$-18.3M
两年增速更快
FOLD
近两年复合增速
14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.2M | $316.4M |
| 净利润 | $1.7M | — |
| 毛利率 | 85.7% | — |
| 营业利润率 | 8.6% | 2.9% |
| 净利率 | 0.9% | — |
| 营收同比 | 23.7% | 20.2% |
| 净利润同比 | -88.5% | — |
| 每股收益（稀释后） | $0.00 | $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FOLDFWRG
| Q4 25 | $185.2M | $316.4M | ||
| Q3 25 | $169.1M | $316.0M | ||
| Q2 25 | $154.7M | $307.9M | ||
| Q1 25 | $125.2M | $282.2M | ||
| Q4 24 | $149.7M | $263.3M | ||
| Q3 24 | $141.5M | $251.6M | ||
| Q2 24 | $126.7M | $258.6M | ||
| Q1 24 | $110.4M | $242.4M |
净利润FOLDFWRG
| Q4 25 | $1.7M | — | ||
| Q3 25 | $17.3M | $3.0M | ||
| Q2 25 | $-24.4M | $2.1M | ||
| Q1 25 | $-21.7M | $-829.0K | ||
| Q4 24 | $14.7M | — | ||
| Q3 24 | $-6.7M | $2.1M | ||
| Q2 24 | $-15.7M | $8.9M | ||
| Q1 24 | $-48.4M | $7.2M |
毛利率FOLDFWRG
| Q4 25 | 85.7% | — | ||
| Q3 25 | 88.5% | — | ||
| Q2 25 | 90.2% | — | ||
| Q1 25 | 90.7% | — | ||
| Q4 24 | 90.1% | — | ||
| Q3 24 | 90.6% | — | ||
| Q2 24 | 91.1% | — | ||
| Q1 24 | 87.7% | — |
营业利润率FOLDFWRG
| Q4 25 | 8.6% | 2.9% | ||
| Q3 25 | 20.3% | 3.2% | ||
| Q2 25 | -6.1% | 2.4% | ||
| Q1 25 | -6.3% | 0.4% | ||
| Q4 24 | 10.7% | 1.5% | ||
| Q3 24 | 15.3% | 2.5% | ||
| Q2 24 | 11.8% | 6.4% | ||
| Q1 24 | -25.1% | 5.1% |
净利率FOLDFWRG
| Q4 25 | 0.9% | — | ||
| Q3 25 | 10.2% | 0.9% | ||
| Q2 25 | -15.8% | 0.7% | ||
| Q1 25 | -17.3% | -0.3% | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | -4.8% | 0.8% | ||
| Q2 24 | -12.4% | 3.4% | ||
| Q1 24 | -43.9% | 3.0% |
每股收益（稀释后）FOLDFWRG
| Q4 25 | $0.00 | $0.24 | ||
| Q3 25 | $0.06 | $0.05 | ||
| Q2 25 | $-0.08 | $0.03 | ||
| Q1 25 | $-0.07 | $-0.01 | ||
| Q4 24 | $0.05 | $0.01 | ||
| Q3 24 | $-0.02 | $0.03 | ||
| Q2 24 | $-0.05 | $0.14 | ||
| Q1 24 | $-0.16 | $0.12 |
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 | $293.5M | $21.2M |
| 总债务越低越好 | $392.7M | $269.1M |
| 股东权益账面价值 | $274.2M | $626.3M |
| 总资产 | $949.9M | $1.7B |
| 负债/权益比越低杠杆越低 | 1.43× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资FOLDFWRG
| Q4 25 | $293.5M | $21.2M | ||
| Q3 25 | $263.8M | $20.7M | ||
| Q2 25 | $231.0M | $19.2M | ||
| Q1 25 | $250.6M | $18.6M | ||
| Q4 24 | $249.9M | $33.3M | ||
| Q3 24 | $249.8M | $51.1M | ||
| Q2 24 | $260.1M | $45.1M | ||
| Q1 24 | $239.6M | $43.2M |
总债务FOLDFWRG
| Q4 25 | $392.7M | $269.1M | ||
| Q3 25 | $392.0M | $251.0M | ||
| Q2 25 | $391.3M | $250.0M | ||
| Q1 25 | $390.7M | $191.5M | ||
| Q4 24 | $390.1M | $189.0M | ||
| Q3 24 | $389.5M | $189.7M | ||
| Q2 24 | $388.9M | $192.1M | ||
| Q1 24 | $388.4M | $122.7M |
股东权益FOLDFWRG
| Q4 25 | $274.2M | $626.3M | ||
| Q3 25 | $230.4M | $607.3M | ||
| Q2 25 | $204.3M | $601.3M | ||
| Q1 25 | $193.6M | $596.3M | ||
| Q4 24 | $194.0M | $595.4M | ||
| Q3 24 | $178.8M | $589.1M | ||
| Q2 24 | $132.5M | $585.8M | ||
| Q1 24 | $130.7M | $574.4M |
总资产FOLDFWRG
| Q4 25 | $949.9M | $1.7B | ||
| Q3 25 | $868.8M | $1.7B | ||
| Q2 25 | $815.3M | $1.7B | ||
| Q1 25 | $789.8M | $1.5B | ||
| Q4 24 | $785.0M | $1.5B | ||
| Q3 24 | $786.6M | $1.5B | ||
| Q2 24 | $749.5M | $1.4B | ||
| Q1 24 | $721.8M | $1.3B |
负债/权益比FOLDFWRG
| Q4 25 | 1.43× | 0.43× | ||
| Q3 25 | 1.70× | 0.41× | ||
| Q2 25 | 1.92× | 0.42× | ||
| Q1 25 | 2.02× | 0.32× | ||
| Q4 24 | 2.01× | 0.32× | ||
| Q3 24 | 2.18× | 0.32× | ||
| Q2 24 | 2.93× | 0.33× | ||
| Q1 24 | 2.97× | 0.21× |
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 | $16.3M | $18.5M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $-18.3M |
| 自由现金流率自由现金流/营收 | 8.6% | -5.8% |
| 资本支出强度资本支出/营收 | 0.2% | 11.6% |
| 现金转化率经营现金流/净利润 | 9.62× | — |
| 过去12个月自由现金流最近4个季度 | $29.8M | $-31.0M |
8季度趋势，按日历期对齐
经营现金流FOLDFWRG
| Q4 25 | $16.3M | $18.5M | ||
| Q3 25 | $35.7M | $47.9M | ||
| Q2 25 | $-26.5M | $39.4M | ||
| Q1 25 | $7.8M | $20.1M | ||
| Q4 24 | $-3.9M | $22.9M | ||
| Q3 24 | $-23.0M | $35.9M | ||
| Q2 24 | $22.7M | $31.9M | ||
| Q1 24 | $-29.7M | $25.0M |
自由现金流FOLDFWRG
| Q4 25 | $16.0M | $-18.3M | ||
| Q3 25 | $35.3M | $5.5M | ||
| Q2 25 | $-28.9M | $-1.7M | ||
| Q1 25 | $7.5M | $-16.4M | ||
| Q4 24 | $-4.2M | $-17.7M | ||
| Q3 24 | $-23.3M | $6.8M | ||
| Q2 24 | $21.6M | $2.3M | ||
| Q1 24 | $-31.5M | $-3.6M |
自由现金流率FOLDFWRG
| Q4 25 | 8.6% | -5.8% | ||
| Q3 25 | 20.9% | 1.7% | ||
| Q2 25 | -18.7% | -0.5% | ||
| Q1 25 | 6.0% | -5.8% | ||
| Q4 24 | -2.8% | -6.7% | ||
| Q3 24 | -16.5% | 2.7% | ||
| Q2 24 | 17.0% | 0.9% | ||
| Q1 24 | -28.5% | -1.5% |
资本支出强度FOLDFWRG
| Q4 25 | 0.2% | 11.6% | ||
| Q3 25 | 0.2% | 13.4% | ||
| Q2 25 | 1.6% | 13.4% | ||
| Q1 25 | 0.2% | 13.0% | ||
| Q4 24 | 0.2% | 15.4% | ||
| Q3 24 | 0.3% | 11.6% | ||
| Q2 24 | 0.9% | 11.5% | ||
| Q1 24 | 1.6% | 11.8% |
现金转化率FOLDFWRG
| Q4 25 | 9.62× | — | ||
| Q3 25 | 2.06× | 16.01× | ||
| Q2 25 | — | 18.72× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.27× | — | ||
| Q3 24 | — | 16.98× | ||
| Q2 24 | — | 3.59× | ||
| Q1 24 | — | 3.46× |
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
FOLD
| Other | $105.8M | 57% |
| Galafold | $64.8M | 35% |
| Pombiliti Opfolda | $14.6M | 8% |
FWRG
| In Restaurant Dining Sales | $254.1M | 80% |
| Third Party Delivery Sales | $38.6M | 12% |
| Take Out Sales | $21.3M | 7% |
| Royalty And System Fund Contributions | $2.3M | 1% |
