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First Watch Restaurant Group, Inc.（FWRG）与OneStream, Inc.（OS）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OneStream, Inc.的1.9倍（$316.4M vs $163.7M），OneStream, Inc.同比增速更快（23.6% vs 20.2%），OneStream, Inc.自由现金流更多（$25.6M vs $-18.3M），过去两年OneStream, Inc.的营收复合增速更高（21.8% vs 14.2%）
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。
Blue Stream面向美国佛罗里达州科勒尔斯普林斯、韦斯顿两地的居民及商业客户，提供有线电视、有线固话、数字录像服务，以及最高速率达1G的宽带互联网接入服务，深耕当地通信市场，为用户提供稳定可靠的多元通信解决方案。
FWRG vs OS — 直观对比
营收规模更大
FWRG
是对方的1.9倍
$163.7M
营收增速更快
OS
高出3.4%
20.2%
自由现金流更多
OS
多$44.0M
$-18.3M
两年增速更快
OS
近两年复合增速
14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $163.7M |
| 净利润 | — | $999.0K |
| 毛利率 | — | 69.8% |
| 营业利润率 | 2.9% | -3.2% |
| 净利率 | — | 0.6% |
| 营收同比 | 20.2% | 23.6% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $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FWRGOS
| Q4 25 | $316.4M | $163.7M | ||
| Q3 25 | $316.0M | $154.3M | ||
| Q2 25 | $307.9M | $147.6M | ||
| Q1 25 | $282.2M | $136.3M | ||
| Q4 24 | $263.3M | $132.5M | ||
| Q3 24 | $251.6M | $129.1M | ||
| Q2 24 | $258.6M | $117.5M | ||
| Q1 24 | $242.4M | $110.3M |
净利润FWRGOS
| Q4 25 | — | $999.0K | ||
| Q3 25 | $3.0M | $-8.8M | ||
| Q2 25 | $2.1M | $-18.4M | ||
| Q1 25 | $-829.0K | $-24.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.1M | $-171.9M | ||
| Q2 24 | $8.9M | $-7.8M | ||
| Q1 24 | $7.2M | $-5.0M |
毛利率FWRGOS
| Q4 25 | — | 69.8% | ||
| Q3 25 | — | 68.1% | ||
| Q2 25 | — | 68.6% | ||
| Q1 25 | — | 68.0% | ||
| Q4 24 | — | 66.8% | ||
| Q3 24 | — | 50.1% | ||
| Q2 24 | — | 68.5% | ||
| Q1 24 | — | 69.1% |
营业利润率FWRGOS
| Q4 25 | 2.9% | -3.2% | ||
| Q3 25 | 3.2% | -11.3% | ||
| Q2 25 | 2.4% | -21.8% | ||
| Q1 25 | 0.4% | -29.3% | ||
| Q4 24 | 1.5% | -35.8% | ||
| Q3 24 | 2.5% | -197.6% | ||
| Q2 24 | 6.4% | -9.8% | ||
| Q1 24 | 5.1% | -4.9% |
净利率FWRGOS
| Q4 25 | — | 0.6% | ||
| Q3 25 | 0.9% | -5.7% | ||
| Q2 25 | 0.7% | -12.5% | ||
| Q1 25 | -0.3% | -17.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.8% | -133.1% | ||
| Q2 24 | 3.4% | -6.7% | ||
| Q1 24 | 3.0% | -4.5% |
每股收益（稀释后）FWRGOS
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.03 | $-1.06 | ||
| Q2 24 | $0.14 | — | ||
| Q1 24 | $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 | $21.2M | $693.6M |
| 总债务越低越好 | $269.1M | — |
| 股东权益账面价值 | $626.3M | $504.7M |
| 总资产 | $1.7B | $1.0B |
| 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FWRGOS
| Q4 25 | $21.2M | $693.6M | ||
| Q3 25 | $20.7M | $653.9M | ||
| Q2 25 | $19.2M | $652.1M | ||
| Q1 25 | $18.6M | $593.9M | ||
| Q4 24 | $33.3M | $544.2M | ||
| Q3 24 | $51.1M | $495.5M | ||
| Q2 24 | $45.1M | $140.5M | ||
| Q1 24 | $43.2M | — |
总债务FWRGOS
| 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FWRGOS
| Q4 25 | $626.3M | $504.7M | ||
| Q3 25 | $607.3M | $472.1M | ||
| Q2 25 | $601.3M | $458.2M | ||
| Q1 25 | $596.3M | $412.9M | ||
| Q4 24 | $595.4M | $386.2M | ||
| Q3 24 | $589.1M | $458.2M | ||
| Q2 24 | $585.8M | $97.5M | ||
| Q1 24 | $574.4M | $102.5M |
总资产FWRGOS
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.7B | $949.4M | ||
| Q2 25 | $1.7B | $910.5M | ||
| Q1 25 | $1.5B | $867.3M | ||
| Q4 24 | $1.5B | $823.2M | ||
| Q3 24 | $1.5B | $750.1M | ||
| Q2 24 | $1.4B | $379.7M | ||
| Q1 24 | $1.3B | — |
负债/权益比FWRGOS
| 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 | $25.8M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $25.6M |
| 自由现金流率自由现金流/营收 | -5.8% | 15.7% |
| 资本支出强度资本支出/营收 | 11.6% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 25.79× |
| 过去12个月自由现金流最近4个季度 | $-31.0M | $95.6M |
8季度趋势，按日历期对齐
经营现金流FWRGOS
| Q4 25 | $18.5M | $25.8M | ||
| Q3 25 | $47.9M | $5.0M | ||
| Q2 25 | $39.4M | $29.7M | ||
| Q1 25 | $20.1M | $36.2M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $35.9M | $2.4M | ||
| Q2 24 | $31.9M | $8.1M | ||
| Q1 24 | $25.0M | $25.5M |
自由现金流FWRGOS
| Q4 25 | $-18.3M | $25.6M | ||
| Q3 25 | $5.5M | $4.8M | ||
| Q2 25 | $-1.7M | $29.4M | ||
| Q1 25 | $-16.4M | $35.8M | ||
| Q4 24 | $-17.7M | — | ||
| Q3 24 | $6.8M | $1.3M | ||
| Q2 24 | $2.3M | $7.7M | ||
| Q1 24 | $-3.6M | $24.9M |
自由现金流率FWRGOS
| Q4 25 | -5.8% | 15.7% | ||
| Q3 25 | 1.7% | 3.1% | ||
| Q2 25 | -0.5% | 19.9% | ||
| Q1 25 | -5.8% | 26.3% | ||
| Q4 24 | -6.7% | — | ||
| Q3 24 | 2.7% | 1.0% | ||
| Q2 24 | 0.9% | 6.6% | ||
| Q1 24 | -1.5% | 22.5% |
资本支出强度FWRGOS
| Q4 25 | 11.6% | 0.1% | ||
| Q3 25 | 13.4% | 0.1% | ||
| Q2 25 | 13.4% | 0.2% | ||
| Q1 25 | 13.0% | 0.3% | ||
| Q4 24 | 15.4% | — | ||
| Q3 24 | 11.6% | 0.8% | ||
| Q2 24 | 11.5% | 0.3% | ||
| Q1 24 | 11.8% | 0.6% |
现金转化率FWRGOS
| Q4 25 | — | 25.79× | ||
| Q3 25 | 16.01× | — | ||
| Q2 25 | 18.72× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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
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% |
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
