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First Watch Restaurant Group, Inc.（FWRG）与LOUISIANA-PACIFIC CORP（LPX）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是First Watch Restaurant Group, Inc.的1.8倍（$566.0M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs -16.9%），LOUISIANA-PACIFIC CORP自由现金流更多（$-8.0M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs -11.6%）
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。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
FWRG vs LPX — 直观对比
营收规模更大
LPX
是对方的1.8倍
$316.4M
营收增速更快
FWRG
高出37.0%
-16.9%
自由现金流更多
LPX
多$10.3M
$-18.3M
两年增速更快
FWRG
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $566.0M |
| 净利润 | — | $-8.0M |
| 毛利率 | — | 15.0% |
| 营业利润率 | 2.9% | -1.6% |
| 净利率 | — | -1.4% |
| 营收同比 | 20.2% | -16.9% |
| 净利润同比 | — | -112.9% |
| 每股收益（稀释后） | $0.24 | $-0.12 |
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FWRGLPX
| Q4 25 | $316.4M | $566.0M | ||
| Q3 25 | $316.0M | $663.0M | ||
| Q2 25 | $307.9M | $755.0M | ||
| Q1 25 | $282.2M | $724.0M | ||
| Q4 24 | $263.3M | $681.0M | ||
| Q3 24 | $251.6M | $722.0M | ||
| Q2 24 | $258.6M | $814.0M | ||
| Q1 24 | $242.4M | $724.0M |
净利润FWRGLPX
| Q4 25 | — | $-8.0M | ||
| Q3 25 | $3.0M | $9.0M | ||
| Q2 25 | $2.1M | $54.0M | ||
| Q1 25 | $-829.0K | $91.0M | ||
| Q4 24 | — | $62.0M | ||
| Q3 24 | $2.1M | $90.0M | ||
| Q2 24 | $8.9M | $160.0M | ||
| Q1 24 | $7.2M | $108.0M |
毛利率FWRGLPX
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 19.5% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 32.3% | ||
| Q1 24 | — | 29.6% |
营业利润率FWRGLPX
| Q4 25 | 2.9% | -1.6% | ||
| Q3 25 | 3.2% | 2.7% | ||
| Q2 25 | 2.4% | 10.6% | ||
| Q1 25 | 0.4% | 16.6% | ||
| Q4 24 | 1.5% | 11.0% | ||
| Q3 24 | 2.5% | 16.1% | ||
| Q2 24 | 6.4% | 23.8% | ||
| Q1 24 | 5.1% | 20.0% |
净利率FWRGLPX
| Q4 25 | — | -1.4% | ||
| Q3 25 | 0.9% | 1.4% | ||
| Q2 25 | 0.7% | 7.2% | ||
| Q1 25 | -0.3% | 12.6% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 0.8% | 12.5% | ||
| Q2 24 | 3.4% | 19.7% | ||
| Q1 24 | 3.0% | 14.9% |
每股收益（稀释后）FWRGLPX
| Q4 25 | $0.24 | $-0.12 | ||
| Q3 25 | $0.05 | $0.13 | ||
| Q2 25 | $0.03 | $0.77 | ||
| Q1 25 | $-0.01 | $1.30 | ||
| Q4 24 | $0.01 | $0.90 | ||
| Q3 24 | $0.03 | $1.28 | ||
| Q2 24 | $0.14 | $2.23 | ||
| Q1 24 | $0.12 | $1.48 |
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 | $292.0M |
| 总债务越低越好 | $269.1M | $348.0M |
| 股东权益账面价值 | $626.3M | $1.7B |
| 总资产 | $1.7B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资FWRGLPX
| Q4 25 | $21.2M | $292.0M | ||
| Q3 25 | $20.7M | $316.0M | ||
| Q2 25 | $19.2M | $333.0M | ||
| Q1 25 | $18.6M | $256.0M | ||
| Q4 24 | $33.3M | $340.0M | ||
| Q3 24 | $51.1M | $346.0M | ||
| Q2 24 | $45.1M | $317.0M | ||
| Q1 24 | $43.2M | $244.0M |
总债务FWRGLPX
| Q4 25 | $269.1M | $348.0M | ||
| Q3 25 | $251.0M | $348.0M | ||
| Q2 25 | $250.0M | $348.0M | ||
| Q1 25 | $191.5M | $348.0M | ||
| Q4 24 | $189.0M | $348.0M | ||
| Q3 24 | $189.7M | $347.0M | ||
| Q2 24 | $192.1M | $347.0M | ||
| Q1 24 | $122.7M | $347.0M |
股东权益FWRGLPX
| Q4 25 | $626.3M | $1.7B | ||
| Q3 25 | $607.3M | $1.7B | ||
| Q2 25 | $601.3M | $1.7B | ||
| Q1 25 | $596.3M | $1.7B | ||
| Q4 24 | $595.4M | $1.7B | ||
| Q3 24 | $589.1M | $1.7B | ||
| Q2 24 | $585.8M | $1.7B | ||
| Q1 24 | $574.4M | $1.6B |
总资产FWRGLPX
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.7B | $2.7B | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.5B | $2.6B | ||
| Q2 24 | $1.4B | $2.5B | ||
| Q1 24 | $1.3B | $2.5B |
负债/权益比FWRGLPX
| Q4 25 | 0.43× | 0.20× | ||
| Q3 25 | 0.41× | 0.20× | ||
| Q2 25 | 0.42× | 0.20× | ||
| Q1 25 | 0.32× | 0.21× | ||
| Q4 24 | 0.32× | 0.21× | ||
| Q3 24 | 0.32× | 0.21× | ||
| Q2 24 | 0.33× | 0.21× | ||
| Q1 24 | 0.21× | 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 | $18.5M | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $-8.0M |
| 自由现金流率自由现金流/营收 | -5.8% | -1.4% |
| 资本支出强度资本支出/营收 | 11.6% | 13.3% |
| 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 | $-31.0M | $91.0M |
8季度趋势，按日历期对齐
经营现金流FWRGLPX
| Q4 25 | $18.5M | $67.0M | ||
| Q3 25 | $47.9M | $89.0M | ||
| Q2 25 | $39.4M | $162.0M | ||
| Q1 25 | $20.1M | $64.0M | ||
| Q4 24 | $22.9M | $105.0M | ||
| Q3 24 | $35.9M | $183.0M | ||
| Q2 24 | $31.9M | $212.0M | ||
| Q1 24 | $25.0M | $105.0M |
自由现金流FWRGLPX
| Q4 25 | $-18.3M | $-8.0M | ||
| Q3 25 | $5.5M | $5.0M | ||
| Q2 25 | $-1.7M | $94.0M | ||
| Q1 25 | $-16.4M | $0 | ||
| Q4 24 | $-17.7M | $43.0M | ||
| Q3 24 | $6.8M | $139.0M | ||
| Q2 24 | $2.3M | $176.0M | ||
| Q1 24 | $-3.6M | $64.0M |
自由现金流率FWRGLPX
| Q4 25 | -5.8% | -1.4% | ||
| Q3 25 | 1.7% | 0.8% | ||
| Q2 25 | -0.5% | 12.5% | ||
| Q1 25 | -5.8% | 0.0% | ||
| Q4 24 | -6.7% | 6.3% | ||
| Q3 24 | 2.7% | 19.3% | ||
| Q2 24 | 0.9% | 21.6% | ||
| Q1 24 | -1.5% | 8.8% |
资本支出强度FWRGLPX
| Q4 25 | 11.6% | 13.3% | ||
| Q3 25 | 13.4% | 12.7% | ||
| Q2 25 | 13.4% | 9.0% | ||
| Q1 25 | 13.0% | 8.8% | ||
| Q4 24 | 15.4% | 9.1% | ||
| Q3 24 | 11.6% | 6.1% | ||
| Q2 24 | 11.5% | 4.4% | ||
| Q1 24 | 11.8% | 5.7% |
现金转化率FWRGLPX
| Q4 25 | — | — | ||
| Q3 25 | 16.01× | 9.89× | ||
| Q2 25 | 18.72× | 3.00× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | 16.98× | 2.03× | ||
| Q2 24 | 3.59× | 1.32× | ||
| Q1 24 | 3.46× | 0.97× |
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% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
