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First Watch Restaurant Group, Inc.（FWRG）与Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的1.2倍（$316.4M vs $261.0M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 6.1%），Liberty Broadband Corp自由现金流更多（$37.0M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 4.3%）
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。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
FWRG vs LBRDA — 直观对比
营收规模更大
FWRG
是对方的1.2倍
$261.0M
营收增速更快
FWRG
高出14.1%
6.1%
自由现金流更多
LBRDA
多$55.3M
$-18.3M
两年增速更快
FWRG
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $261.0M |
| 净利润 | — | $383.0M |
| 毛利率 | — | — |
| 营业利润率 | 2.9% | 15.7% |
| 净利率 | — | 146.7% |
| 营收同比 | 20.2% | 6.1% |
| 净利润同比 | — | 96.4% |
| 每股收益（稀释后） | $0.24 | $2.68 |
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FWRGLBRDA
| Q4 25 | $316.4M | — | ||
| Q3 25 | $316.0M | — | ||
| Q2 25 | $307.9M | $261.0M | ||
| Q1 25 | $282.2M | $266.0M | ||
| Q4 24 | $263.3M | $263.0M | ||
| Q3 24 | $251.6M | $262.0M | ||
| Q2 24 | $258.6M | $246.0M | ||
| Q1 24 | $242.4M | $245.0M |
净利润FWRGLBRDA
| Q4 25 | — | — | ||
| Q3 25 | $3.0M | — | ||
| Q2 25 | $2.1M | $383.0M | ||
| Q1 25 | $-829.0K | $268.0M | ||
| Q4 24 | — | $291.0M | ||
| Q3 24 | $2.1M | $142.0M | ||
| Q2 24 | $8.9M | $195.0M | ||
| Q1 24 | $7.2M | $241.0M |
营业利润率FWRGLBRDA
| Q4 25 | 2.9% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 2.4% | 15.7% | ||
| Q1 25 | 0.4% | 16.2% | ||
| Q4 24 | 1.5% | 4.9% | ||
| Q3 24 | 2.5% | 11.5% | ||
| Q2 24 | 6.4% | 8.5% | ||
| Q1 24 | 5.1% | 11.4% |
净利率FWRGLBRDA
| Q4 25 | — | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.7% | 146.7% | ||
| Q1 25 | -0.3% | 100.8% | ||
| Q4 24 | — | 110.6% | ||
| Q3 24 | 0.8% | 54.2% | ||
| Q2 24 | 3.4% | 79.3% | ||
| Q1 24 | 3.0% | 98.4% |
每股收益（稀释后）FWRGLBRDA
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $0.03 | $2.68 | ||
| Q1 25 | $-0.01 | $1.87 | ||
| Q4 24 | $0.01 | $2.04 | ||
| Q3 24 | $0.03 | $0.99 | ||
| Q2 24 | $0.14 | $1.36 | ||
| Q1 24 | $0.12 | $1.69 |
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 | $21.2M | $180.0M |
| 总债务越低越好 | $269.1M | $3.1B |
| 股东权益账面价值 | $626.3M | $10.4B |
| 总资产 | $1.7B | $16.6B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资FWRGLBRDA
| Q4 25 | $21.2M | — | ||
| Q3 25 | $20.7M | — | ||
| Q2 25 | $19.2M | $180.0M | ||
| Q1 25 | $18.6M | $226.0M | ||
| Q4 24 | $33.3M | $163.0M | ||
| Q3 24 | $51.1M | $168.0M | ||
| Q2 24 | $45.1M | $73.0M | ||
| Q1 24 | $43.2M | $108.0M |
总债务FWRGLBRDA
| Q4 25 | $269.1M | — | ||
| Q3 25 | $251.0M | — | ||
| Q2 25 | $250.0M | $3.1B | ||
| Q1 25 | $191.5M | $3.8B | ||
| Q4 24 | $189.0M | $3.8B | ||
| Q3 24 | $189.7M | $3.7B | ||
| Q2 24 | $192.1M | $3.6B | ||
| Q1 24 | $122.7M | $3.6B |
股东权益FWRGLBRDA
| Q4 25 | $626.3M | — | ||
| Q3 25 | $607.3M | — | ||
| Q2 25 | $601.3M | $10.4B | ||
| Q1 25 | $596.3M | $10.1B | ||
| Q4 24 | $595.4M | $9.8B | ||
| Q3 24 | $589.1M | $9.5B | ||
| Q2 24 | $585.8M | $9.3B | ||
| Q1 24 | $574.4M | $9.1B |
总资产FWRGLBRDA
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | $16.6B | ||
| Q1 25 | $1.5B | $17.0B | ||
| Q4 24 | $1.5B | $16.7B | ||
| Q3 24 | $1.5B | $16.3B | ||
| Q2 24 | $1.4B | $16.0B | ||
| Q1 24 | $1.3B | $15.7B |
负债/权益比FWRGLBRDA
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | 0.30× | ||
| Q1 25 | 0.32× | 0.38× | ||
| Q4 24 | 0.32× | 0.38× | ||
| Q3 24 | 0.32× | 0.39× | ||
| Q2 24 | 0.33× | 0.39× | ||
| Q1 24 | 0.21× | 0.40× |
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 | $18.5M | $91.0M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $37.0M |
| 自由现金流率自由现金流/营收 | -5.8% | 14.2% |
| 资本支出强度资本支出/营收 | 11.6% | 20.7% |
| 现金转化率经营现金流/净利润 | — | 0.24× |
| 过去12个月自由现金流最近4个季度 | $-31.0M | $-49.0M |
8季度趋势，按日历期对齐
经营现金流FWRGLBRDA
| Q4 25 | $18.5M | — | ||
| Q3 25 | $47.9M | — | ||
| Q2 25 | $39.4M | $91.0M | ||
| Q1 25 | $20.1M | $78.0M | ||
| Q4 24 | $22.9M | $1.0M | ||
| Q3 24 | $35.9M | $24.0M | ||
| Q2 24 | $31.9M | $27.0M | ||
| Q1 24 | $25.0M | $52.0M |
自由现金流FWRGLBRDA
| Q4 25 | $-18.3M | — | ||
| Q3 25 | $5.5M | — | ||
| Q2 25 | $-1.7M | $37.0M | ||
| Q1 25 | $-16.4M | $13.0M | ||
| Q4 24 | $-17.7M | $-63.0M | ||
| Q3 24 | $6.8M | $-36.0M | ||
| Q2 24 | $2.3M | $-35.0M | ||
| Q1 24 | $-3.6M | $-9.0M |
自由现金流率FWRGLBRDA
| Q4 25 | -5.8% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | -0.5% | 14.2% | ||
| Q1 25 | -5.8% | 4.9% | ||
| Q4 24 | -6.7% | -24.0% | ||
| Q3 24 | 2.7% | -13.7% | ||
| Q2 24 | 0.9% | -14.2% | ||
| Q1 24 | -1.5% | -3.7% |
资本支出强度FWRGLBRDA
| Q4 25 | 11.6% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 13.4% | 20.7% | ||
| Q1 25 | 13.0% | 24.4% | ||
| Q4 24 | 15.4% | 24.3% | ||
| Q3 24 | 11.6% | 22.9% | ||
| Q2 24 | 11.5% | 25.2% | ||
| Q1 24 | 11.8% | 24.9% |
现金转化率FWRGLBRDA
| Q4 25 | — | — | ||
| Q3 25 | 16.01× | — | ||
| Q2 25 | 18.72× | 0.24× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 16.98× | 0.17× | ||
| Q2 24 | 3.59× | 0.14× | ||
| Q1 24 | 3.46× | 0.22× |
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
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% |
LBRDA
暂无分部数据
