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First Watch Restaurant Group, Inc.（FWRG）与OSI SYSTEMS INC（OSIS）财务数据对比。点击上方公司名可切换其他公司
OSI SYSTEMS INC的季度营收约是First Watch Restaurant Group, Inc.的1.5倍（$464.1M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 10.5%），OSI SYSTEMS INC自由现金流更多（$55.5M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 7.0%）
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。
OSI系统公司是总部位于美国加利福尼亚州的企业，主营安全检测系统、医疗设备及光电器件三大业务板块，产品涵盖机场安检X光机、金属探测器、医疗监护与麻醉系统等，旗下拥有Spacelabs Healthcare、Rapiscan Systems、OSI Optoelectronics等子公司，全球员工规模约3180人。
FWRG vs OSIS — 直观对比
营收规模更大
OSIS
是对方的1.5倍
$316.4M
营收增速更快
FWRG
高出9.6%
10.5%
自由现金流更多
OSIS
多$73.9M
$-18.3M
两年增速更快
FWRG
近两年复合增速
7.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $464.1M |
| 净利润 | — | $38.7M |
| 毛利率 | — | 32.7% |
| 营业利润率 | 2.9% | 12.7% |
| 净利率 | — | 8.3% |
| 营收同比 | 20.2% | 10.5% |
| 净利润同比 | — | 2.3% |
| 每股收益（稀释后） | $0.24 | $2.22 |
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FWRGOSIS
| Q4 25 | $316.4M | $464.1M | ||
| Q3 25 | $316.0M | $384.6M | ||
| Q2 25 | $307.9M | $505.0M | ||
| Q1 25 | $282.2M | $444.4M | ||
| Q4 24 | $263.3M | $419.8M | ||
| Q3 24 | $251.6M | $344.0M | ||
| Q2 24 | $258.6M | $480.9M | ||
| Q1 24 | $242.4M | $405.4M |
净利润FWRGOSIS
| Q4 25 | — | $38.7M | ||
| Q3 25 | $3.0M | $20.6M | ||
| Q2 25 | $2.1M | $52.7M | ||
| Q1 25 | $-829.0K | $41.1M | ||
| Q4 24 | — | $37.8M | ||
| Q3 24 | $2.1M | $17.9M | ||
| Q2 24 | $8.9M | $44.7M | ||
| Q1 24 | $7.2M | $34.0M |
毛利率FWRGOSIS
| Q4 25 | — | 32.7% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 33.8% | ||
| Q4 24 | — | 35.1% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 32.1% | ||
| Q1 24 | — | 33.6% |
营业利润率FWRGOSIS
| Q4 25 | 2.9% | 12.7% | ||
| Q3 25 | 3.2% | 8.6% | ||
| Q2 25 | 2.4% | 14.5% | ||
| Q1 25 | 0.4% | 12.7% | ||
| Q4 24 | 1.5% | 13.8% | ||
| Q3 24 | 2.5% | 8.8% | ||
| Q2 24 | 6.4% | 13.1% | ||
| Q1 24 | 5.1% | 12.7% |
净利率FWRGOSIS
| Q4 25 | — | 8.3% | ||
| Q3 25 | 0.9% | 5.3% | ||
| Q2 25 | 0.7% | 10.4% | ||
| Q1 25 | -0.3% | 9.3% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 0.8% | 5.2% | ||
| Q2 24 | 3.4% | 9.3% | ||
| Q1 24 | 3.0% | 8.4% |
每股收益（稀释后）FWRGOSIS
| Q4 25 | $0.24 | $2.22 | ||
| Q3 25 | $0.05 | $1.18 | ||
| Q2 25 | $0.03 | $3.04 | ||
| Q1 25 | $-0.01 | $2.40 | ||
| Q4 24 | $0.01 | $2.22 | ||
| Q3 24 | $0.03 | $1.05 | ||
| Q2 24 | $0.14 | $2.57 | ||
| Q1 24 | $0.12 | $1.95 |
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 | $336.7M |
| 总债务越低越好 | $269.1M | $1.0B |
| 股东权益账面价值 | $626.3M | $845.5M |
| 总资产 | $1.7B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.43× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资FWRGOSIS
| Q4 25 | $21.2M | $336.7M | ||
| Q3 25 | $20.7M | $124.4M | ||
| Q2 25 | $19.2M | $106.4M | ||
| Q1 25 | $18.6M | $95.8M | ||
| Q4 24 | $33.3M | $101.6M | ||
| Q3 24 | $51.1M | $85.1M | ||
| Q2 24 | $45.1M | $95.4M | ||
| Q1 24 | $43.2M | $101.4M |
总债务FWRGOSIS
| Q4 25 | $269.1M | $1.0B | ||
| Q3 25 | $251.0M | $442.2M | ||
| Q2 25 | $250.0M | $471.6M | ||
| Q1 25 | $191.5M | $473.2M | ||
| Q4 24 | $189.0M | $474.8M | ||
| Q3 24 | $189.7M | $476.3M | ||
| Q2 24 | $192.1M | $137.6M | ||
| Q1 24 | $122.7M | — |
股东权益FWRGOSIS
| Q4 25 | $626.3M | $845.5M | ||
| Q3 25 | $607.3M | $946.0M | ||
| Q2 25 | $601.3M | $951.1M | ||
| Q1 25 | $596.3M | $879.3M | ||
| Q4 24 | $595.4M | $825.8M | ||
| Q3 24 | $589.1M | $786.5M | ||
| Q2 24 | $585.8M | $863.5M | ||
| Q1 24 | $574.4M | $813.4M |
总资产FWRGOSIS
| Q4 25 | $1.7B | $2.5B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.3B | $1.8B |
负债/权益比FWRGOSIS
| Q4 25 | 0.43× | 1.19× | ||
| Q3 25 | 0.41× | 0.47× | ||
| Q2 25 | 0.42× | 0.50× | ||
| Q1 25 | 0.32× | 0.54× | ||
| Q4 24 | 0.32× | 0.57× | ||
| Q3 24 | 0.32× | 0.61× | ||
| Q2 24 | 0.33× | 0.16× | ||
| 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 | $62.2M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $55.5M |
| 自由现金流率自由现金流/营收 | -5.8% | 12.0% |
| 资本支出强度资本支出/营收 | 11.6% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 1.61× |
| 过去12个月自由现金流最近4个季度 | $-31.0M | $137.2M |
8季度趋势，按日历期对齐
经营现金流FWRGOSIS
| Q4 25 | $18.5M | $62.2M | ||
| Q3 25 | $47.9M | $17.1M | ||
| Q2 25 | $39.4M | $562.0K | ||
| Q1 25 | $20.1M | $81.6M | ||
| Q4 24 | $22.9M | $52.5M | ||
| Q3 24 | $35.9M | $-37.2M | ||
| Q2 24 | $31.9M | $-29.0M | ||
| Q1 24 | $25.0M | $-52.1M |
自由现金流FWRGOSIS
| Q4 25 | $-18.3M | $55.5M | ||
| Q3 25 | $5.5M | $10.1M | ||
| Q2 25 | $-1.7M | $-5.6M | ||
| Q1 25 | $-16.4M | $77.1M | ||
| Q4 24 | $-17.7M | $47.1M | ||
| Q3 24 | $6.8M | $-44.9M | ||
| Q2 24 | $2.3M | $-37.5M | ||
| Q1 24 | $-3.6M | $-57.0M |
自由现金流率FWRGOSIS
| Q4 25 | -5.8% | 12.0% | ||
| Q3 25 | 1.7% | 2.6% | ||
| Q2 25 | -0.5% | -1.1% | ||
| Q1 25 | -5.8% | 17.4% | ||
| Q4 24 | -6.7% | 11.2% | ||
| Q3 24 | 2.7% | -13.0% | ||
| Q2 24 | 0.9% | -7.8% | ||
| Q1 24 | -1.5% | -14.1% |
资本支出强度FWRGOSIS
| Q4 25 | 11.6% | 1.4% | ||
| Q3 25 | 13.4% | 1.8% | ||
| Q2 25 | 13.4% | 1.2% | ||
| Q1 25 | 13.0% | 1.0% | ||
| Q4 24 | 15.4% | 1.3% | ||
| Q3 24 | 11.6% | 2.2% | ||
| Q2 24 | 11.5% | 1.8% | ||
| Q1 24 | 11.8% | 1.2% |
现金转化率FWRGOSIS
| Q4 25 | — | 1.61× | ||
| Q3 25 | 16.01× | 0.83× | ||
| Q2 25 | 18.72× | 0.01× | ||
| Q1 25 | — | 1.98× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | 16.98× | -2.07× | ||
| Q2 24 | 3.59× | -0.65× | ||
| Q1 24 | 3.46× | -1.53× |
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% |
OSIS
| Security Division | $334.7M | 72% |
| Optoelectronics And Manufacturing Division | $92.8M | 20% |
| Healthcare Division | $36.5M | 8% |
