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First Watch Restaurant Group, Inc.（FWRG）与大都会人寿（MET）财务数据对比。点击上方公司名可切换其他公司
大都会人寿的季度营收约是First Watch Restaurant Group, Inc.的1.9倍（$600.0M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 7.9%），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 2.0%）
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。
大都会人寿（MetLife）是全球规模领先的保险、年金及员工福利服务提供商之一，创立于1868年，业务覆盖超60个国家和地区，服务约9000万客户，2018年位列《财富》美国500强营收排行榜第43位。
FWRG vs MET — 直观对比
营收规模更大
MET
是对方的1.9倍
$316.4M
营收增速更快
FWRG
高出12.2%
7.9%
两年增速更快
FWRG
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $600.0M |
| 净利润 | — | $809.0M |
| 毛利率 | — | — |
| 营业利润率 | 2.9% | — |
| 净利率 | — | 134.8% |
| 营收同比 | 20.2% | 7.9% |
| 净利润同比 | — | -36.3% |
| 每股收益（稀释后） | $0.24 | $1.18 |
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FWRGMET
| Q4 25 | $316.4M | $600.0M | ||
| Q3 25 | $316.0M | $621.0M | ||
| Q2 25 | $307.9M | $604.0M | ||
| Q1 25 | $282.2M | $611.0M | ||
| Q4 24 | $263.3M | $556.0M | ||
| Q3 24 | $251.6M | $554.0M | ||
| Q2 24 | $258.6M | $558.0M | ||
| Q1 24 | $242.4M | $577.0M |
净利润FWRGMET
| Q4 25 | — | $809.0M | ||
| Q3 25 | $3.0M | $896.0M | ||
| Q2 25 | $2.1M | $729.0M | ||
| Q1 25 | $-829.0K | $945.0M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $2.1M | $1.3B | ||
| Q2 24 | $8.9M | $946.0M | ||
| Q1 24 | $7.2M | $867.0M |
营业利润率FWRGMET
| Q4 25 | 2.9% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 6.4% | — | ||
| Q1 24 | 5.1% | — |
净利率FWRGMET
| Q4 25 | — | 134.8% | ||
| Q3 25 | 0.9% | 144.3% | ||
| Q2 25 | 0.7% | 120.7% | ||
| Q1 25 | -0.3% | 154.7% | ||
| Q4 24 | — | 228.6% | ||
| Q3 24 | 0.8% | 242.2% | ||
| Q2 24 | 3.4% | 169.5% | ||
| Q1 24 | 3.0% | 150.3% |
每股收益（稀释后）FWRGMET
| Q4 25 | $0.24 | $1.18 | ||
| Q3 25 | $0.05 | $1.22 | ||
| Q2 25 | $0.03 | $1.03 | ||
| Q1 25 | $-0.01 | $1.28 | ||
| Q4 24 | $0.01 | $1.75 | ||
| Q3 24 | $0.03 | $1.81 | ||
| Q2 24 | $0.14 | $1.28 | ||
| Q1 24 | $0.12 | $1.10 |
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 | $25.6B |
| 总债务越低越好 | $269.1M | — |
| 股东权益账面价值 | $626.3M | $28.4B |
| 总资产 | $1.7B | $745.2B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资FWRGMET
| Q4 25 | $21.2M | $25.6B | ||
| Q3 25 | $20.7M | $26.2B | ||
| Q2 25 | $19.2M | $27.5B | ||
| Q1 25 | $18.6M | $26.9B | ||
| Q4 24 | $33.3M | $25.2B | ||
| Q3 24 | $51.1M | $26.4B | ||
| Q2 24 | $45.1M | $24.6B | ||
| Q1 24 | $43.2M | $24.7B |
总债务FWRGMET
| Q4 25 | $269.1M | — | ||
| Q3 25 | $251.0M | — | ||
| Q2 25 | $250.0M | — | ||
| Q1 25 | $191.5M | — | ||
| Q4 24 | $189.0M | — | ||
| Q3 24 | $189.7M | — | ||
| Q2 24 | $192.1M | — | ||
| Q1 24 | $122.7M | — |
股东权益FWRGMET
| Q4 25 | $626.3M | $28.4B | ||
| Q3 25 | $607.3M | $28.9B | ||
| Q2 25 | $601.3M | $27.7B | ||
| Q1 25 | $596.3M | $27.5B | ||
| Q4 24 | $595.4M | $27.4B | ||
| Q3 24 | $589.1M | $30.9B | ||
| Q2 24 | $585.8M | $27.3B | ||
| Q1 24 | $574.4M | $28.5B |
总资产FWRGMET
| Q4 25 | $1.7B | $745.2B | ||
| Q3 25 | $1.7B | $719.7B | ||
| Q2 25 | $1.7B | $702.5B | ||
| Q1 25 | $1.5B | $688.3B | ||
| Q4 24 | $1.5B | $677.5B | ||
| Q3 24 | $1.5B | $705.0B | ||
| Q2 24 | $1.4B | $675.7B | ||
| Q1 24 | $1.3B | $677.6B |
负债/权益比FWRGMET
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | 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 | $7.1B |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | — |
| 自由现金流率自由现金流/营收 | -5.8% | — |
| 资本支出强度资本支出/营收 | 11.6% | — |
| 现金转化率经营现金流/净利润 | — | 8.75× |
| 过去12个月自由现金流最近4个季度 | $-31.0M | — |
8季度趋势，按日历期对齐
经营现金流FWRGMET
| Q4 25 | $18.5M | $7.1B | ||
| Q3 25 | $47.9M | $3.6B | ||
| Q2 25 | $39.4M | $2.2B | ||
| Q1 25 | $20.1M | $4.3B | ||
| Q4 24 | $22.9M | $4.6B | ||
| Q3 24 | $35.9M | $4.2B | ||
| Q2 24 | $31.9M | $3.5B | ||
| Q1 24 | $25.0M | $2.3B |
自由现金流FWRGMET
| Q4 25 | $-18.3M | — | ||
| Q3 25 | $5.5M | — | ||
| Q2 25 | $-1.7M | — | ||
| Q1 25 | $-16.4M | — | ||
| Q4 24 | $-17.7M | — | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | $2.3M | — | ||
| Q1 24 | $-3.6M | — |
自由现金流率FWRGMET
| Q4 25 | -5.8% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | -0.5% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | -6.7% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | -1.5% | — |
资本支出强度FWRGMET
| Q4 25 | 11.6% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 15.4% | — | ||
| Q3 24 | 11.6% | — | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | 11.8% | — |
现金转化率FWRGMET
| Q4 25 | — | 8.75× | ||
| Q3 25 | 16.01× | 3.98× | ||
| Q2 25 | 18.72× | 3.00× | ||
| Q1 25 | — | 4.51× | ||
| Q4 24 | — | 3.63× | ||
| Q3 24 | 16.98× | 3.11× | ||
| Q2 24 | 3.59× | 3.69× | ||
| Q1 24 | 3.46× | 2.69× |
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% |
MET
| Other | $165.0M | 28% |
| Prepaidlegalplansandadministrativeonlycontracts | $158.0M | 26% |
| Vision Fee For Service Arrangements | $140.0M | 23% |
| Administrative Service | $76.0M | 13% |
| Distribution Service | $36.0M | 6% |
| Feebasedinvestmentmanagementservices | $25.0M | 4% |
