vs
First Watch Restaurant Group, Inc.（FWRG）与PROCORE TECHNOLOGIES, INC.（PCOR）财务数据对比。点击上方公司名可切换其他公司
PROCORE TECHNOLOGIES, INC.的季度营收约是First Watch Restaurant Group, Inc.的1.1倍（$349.1M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 15.6%），PROCORE TECHNOLOGIES, INC.自由现金流更多（$109.2M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 13.8%）
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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
FWRG vs PCOR — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $349.1M |
| 净利润 | — | $-37.6M |
| 毛利率 | — | 80.1% |
| 营业利润率 | 2.9% | -12.3% |
| 净利率 | — | -10.8% |
| 营收同比 | 20.2% | 15.6% |
| 净利润同比 | — | 39.6% |
| 每股收益（稀释后） | $0.24 | $-0.25 |
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
| Q4 25 | $316.4M | $349.1M | ||
| Q3 25 | $316.0M | $338.9M | ||
| Q2 25 | $307.9M | $323.9M | ||
| Q1 25 | $282.2M | $310.6M | ||
| Q4 24 | $263.3M | $302.0M | ||
| Q3 24 | $251.6M | $295.9M | ||
| Q2 24 | $258.6M | $284.3M | ||
| Q1 24 | $242.4M | $269.4M |
| Q4 25 | — | $-37.6M | ||
| Q3 25 | $3.0M | $-9.1M | ||
| Q2 25 | $2.1M | $-21.1M | ||
| Q1 25 | $-829.0K | $-33.0M | ||
| Q4 24 | — | $-62.3M | ||
| Q3 24 | $2.1M | $-26.4M | ||
| Q2 24 | $8.9M | $-6.3M | ||
| Q1 24 | $7.2M | $-11.0M |
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
| Q4 25 | 2.9% | -12.3% | ||
| Q3 25 | 3.2% | -4.4% | ||
| Q2 25 | 2.4% | -9.3% | ||
| Q1 25 | 0.4% | -11.7% | ||
| Q4 24 | 1.5% | -21.9% | ||
| Q3 24 | 2.5% | -12.3% | ||
| Q2 24 | 6.4% | -5.2% | ||
| Q1 24 | 5.1% | -7.0% |
| Q4 25 | — | -10.8% | ||
| Q3 25 | 0.9% | -2.7% | ||
| Q2 25 | 0.7% | -6.5% | ||
| Q1 25 | -0.3% | -10.6% | ||
| Q4 24 | — | -20.6% | ||
| Q3 24 | 0.8% | -8.9% | ||
| Q2 24 | 3.4% | -2.2% | ||
| Q1 24 | 3.0% | -4.1% |
| Q4 25 | $0.24 | $-0.25 | ||
| Q3 25 | $0.05 | $-0.06 | ||
| Q2 25 | $0.03 | $-0.14 | ||
| Q1 25 | $-0.01 | $-0.22 | ||
| Q4 24 | $0.01 | $-0.42 | ||
| Q3 24 | $0.03 | $-0.18 | ||
| Q2 24 | $0.14 | $-0.04 | ||
| Q1 24 | $0.12 | $-0.08 |
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 | $768.5M |
| 总债务越低越好 | $269.1M | — |
| 股东权益账面价值 | $626.3M | $1.3B |
| 总资产 | $1.7B | $2.2B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
| Q4 25 | $21.2M | $768.5M | ||
| Q3 25 | $20.7M | $684.0M | ||
| Q2 25 | $19.2M | $620.9M | ||
| Q1 25 | $18.6M | $566.7M | ||
| Q4 24 | $33.3M | $775.4M | ||
| Q3 24 | $51.1M | $756.9M | ||
| Q2 24 | $45.1M | $735.4M | ||
| Q1 24 | $43.2M | $744.6M |
| 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 | — |
| Q4 25 | $626.3M | $1.3B | ||
| Q3 25 | $607.3M | $1.2B | ||
| Q2 25 | $601.3M | $1.2B | ||
| Q1 25 | $596.3M | $1.2B | ||
| Q4 24 | $595.4M | $1.3B | ||
| Q3 24 | $589.1M | $1.3B | ||
| Q2 24 | $585.8M | $1.3B | ||
| Q1 24 | $574.4M | $1.2B |
| Q4 25 | $1.7B | $2.2B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.5B | $1.9B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.3B | $1.9B |
| 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 | $114.9M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $109.2M |
| 自由现金流率自由现金流/营收 | -5.8% | 31.3% |
| 资本支出强度资本支出/营收 | 11.6% | 1.6% |
| 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 | $282.2M |
8季度趋势，按日历期对齐
| Q4 25 | $18.5M | $114.9M | ||
| Q3 25 | $47.9M | $88.5M | ||
| Q2 25 | $39.4M | $30.8M | ||
| Q1 25 | $20.1M | $66.0M | ||
| Q4 24 | $22.9M | $29.1M | ||
| Q3 24 | $35.9M | $39.3M | ||
| Q2 24 | $31.9M | $58.7M | ||
| Q1 24 | $25.0M | $69.1M |
| Q4 25 | $-18.3M | $109.2M | ||
| Q3 25 | $5.5M | $83.1M | ||
| Q2 25 | $-1.7M | $27.9M | ||
| Q1 25 | $-16.4M | $62.0M | ||
| Q4 24 | $-17.7M | $17.4M | ||
| Q3 24 | $6.8M | $35.7M | ||
| Q2 24 | $2.3M | $56.8M | ||
| Q1 24 | $-3.6M | $67.1M |
| Q4 25 | -5.8% | 31.3% | ||
| Q3 25 | 1.7% | 24.5% | ||
| Q2 25 | -0.5% | 8.6% | ||
| Q1 25 | -5.8% | 20.0% | ||
| Q4 24 | -6.7% | 5.8% | ||
| Q3 24 | 2.7% | 12.1% | ||
| Q2 24 | 0.9% | 20.0% | ||
| Q1 24 | -1.5% | 24.9% |
| Q4 25 | 11.6% | 1.6% | ||
| Q3 25 | 13.4% | 1.6% | ||
| Q2 25 | 13.4% | 0.9% | ||
| Q1 25 | 13.0% | 1.3% | ||
| Q4 24 | 15.4% | 3.9% | ||
| Q3 24 | 11.6% | 1.2% | ||
| Q2 24 | 11.5% | 0.7% | ||
| Q1 24 | 11.8% | 0.8% |
| Q4 25 | — | — | ||
| 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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
