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First Watch Restaurant Group, Inc.（FWRG）与PennyMac Financial Services, Inc.（PFSI）财务数据对比。点击上方公司名可切换其他公司
PennyMac Financial Services, Inc.的季度营收约是First Watch Restaurant Group, Inc.的1.7倍（$538.0M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 14.4%），First Watch Restaurant Group, Inc.自由现金流更多（$-18.3M vs $-1.7B），过去两年PennyMac Financial Services, Inc.的营收复合增速更高（32.7% 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。
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
FWRG vs PFSI — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $538.0M |
| 净利润 | — | $106.8M |
| 毛利率 | — | — |
| 营业利润率 | 2.9% | 25.0% |
| 净利率 | — | 1752.5% |
| 营收同比 | 20.2% | 14.4% |
| 净利润同比 | — | 2.2% |
| 每股收益（稀释后） | $0.24 | $1.97 |
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 | $538.0M | ||
| Q3 25 | $316.0M | $632.9M | ||
| Q2 25 | $307.9M | $444.7M | ||
| Q1 25 | $282.2M | $430.9M | ||
| Q4 24 | $263.3M | $470.1M | ||
| Q3 24 | $251.6M | $411.8M | ||
| Q2 24 | $258.6M | $406.1M | ||
| Q1 24 | $242.4M | $305.7M |
| Q4 25 | — | $106.8M | ||
| Q3 25 | $3.0M | $181.5M | ||
| Q2 25 | $2.1M | $136.5M | ||
| Q1 25 | $-829.0K | $76.3M | ||
| Q4 24 | — | $104.5M | ||
| Q3 24 | $2.1M | $69.4M | ||
| Q2 24 | $8.9M | $98.3M | ||
| Q1 24 | $7.2M | $39.3M |
| Q4 25 | 2.9% | 25.0% | ||
| Q3 25 | 3.2% | 37.3% | ||
| Q2 25 | 2.4% | 17.2% | ||
| Q1 25 | 0.4% | 24.2% | ||
| Q4 24 | 1.5% | 27.5% | ||
| Q3 24 | 2.5% | 22.8% | ||
| Q2 24 | 6.4% | 33.0% | ||
| Q1 24 | 5.1% | 14.4% |
| Q4 25 | — | 1752.5% | ||
| Q3 25 | 0.9% | 28.7% | ||
| Q2 25 | 0.7% | 30.7% | ||
| Q1 25 | -0.3% | 17.7% | ||
| Q4 24 | — | 2559.8% | ||
| Q3 24 | 0.8% | 16.8% | ||
| Q2 24 | 3.4% | 24.2% | ||
| Q1 24 | 3.0% | 12.9% |
| Q4 25 | $0.24 | $1.97 | ||
| Q3 25 | $0.05 | $3.37 | ||
| Q2 25 | $0.03 | $2.54 | ||
| Q1 25 | $-0.01 | $1.42 | ||
| Q4 24 | $0.01 | $1.95 | ||
| Q3 24 | $0.03 | $1.30 | ||
| Q2 24 | $0.14 | $1.85 | ||
| Q1 24 | $0.12 | $0.74 |
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 | $410.0M |
| 总债务越低越好 | $269.1M | $6.2B |
| 股东权益账面价值 | $626.3M | $4.3B |
| 总资产 | $1.7B | $29.4B |
| 负债/权益比越低杠杆越低 | 0.43× | 1.45× |
8季度趋势，按日历期对齐
| Q4 25 | $21.2M | $410.0M | ||
| Q3 25 | $20.7M | $62.2M | ||
| Q2 25 | $19.2M | $462.3M | ||
| Q1 25 | $18.6M | $443.4M | ||
| Q4 24 | $33.3M | $420.6M | ||
| Q3 24 | $51.1M | $667.9M | ||
| Q2 24 | $45.1M | $188.8M | ||
| Q1 24 | $43.2M | $69.0K |
| Q4 25 | $269.1M | $6.2B | ||
| Q3 25 | $251.0M | $6.2B | ||
| Q2 25 | $250.0M | $5.6B | ||
| Q1 25 | $191.5M | $5.8B | ||
| Q4 24 | $189.0M | $5.3B | ||
| Q3 24 | $189.7M | $4.9B | ||
| Q2 24 | $192.1M | $4.9B | ||
| Q1 24 | $122.7M | $4.5B |
| Q4 25 | $626.3M | $4.3B | ||
| Q3 25 | $607.3M | $4.2B | ||
| Q2 25 | $601.3M | $4.0B | ||
| Q1 25 | $596.3M | $3.9B | ||
| Q4 24 | $595.4M | $3.8B | ||
| Q3 24 | $589.1M | $3.7B | ||
| Q2 24 | $585.8M | $3.7B | ||
| Q1 24 | $574.4M | $3.6B |
| Q4 25 | $1.7B | $29.4B | ||
| Q3 25 | $1.7B | $25.4B | ||
| Q2 25 | $1.7B | $24.2B | ||
| Q1 25 | $1.5B | $23.9B | ||
| Q4 24 | $1.5B | $26.1B | ||
| Q3 24 | $1.5B | $22.9B | ||
| Q2 24 | $1.4B | $21.6B | ||
| Q1 24 | $1.3B | $19.8B |
| Q4 25 | 0.43× | 1.45× | ||
| Q3 25 | 0.41× | 1.48× | ||
| Q2 25 | 0.42× | 1.38× | ||
| Q1 25 | 0.32× | 1.48× | ||
| Q4 24 | 0.32× | 1.37× | ||
| Q3 24 | 0.32× | 1.32× | ||
| Q2 24 | 0.33× | 1.35× | ||
| Q1 24 | 0.21× | 1.27× |
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 | $-1.7B |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $-1.7B |
| 自由现金流率自由现金流/营收 | -5.8% | -309.3% |
| 资本支出强度资本支出/营收 | 11.6% | 2.2% |
| 现金转化率经营现金流/净利润 | — | -15.46× |
| 过去12个月自由现金流最近4个季度 | $-31.0M | $-1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $18.5M | $-1.7B | ||
| Q3 25 | $47.9M | $-697.4M | ||
| Q2 25 | $39.4M | $-131.3M | ||
| Q1 25 | $20.1M | $1.1B | ||
| Q4 24 | $22.9M | $-4.5B | ||
| Q3 24 | $35.9M | $-393.7M | ||
| Q2 24 | $31.9M | $-1.1B | ||
| Q1 24 | $25.0M | $-897.9M |
| Q4 25 | $-18.3M | $-1.7B | ||
| Q3 25 | $5.5M | $-699.4M | ||
| Q2 25 | $-1.7M | $-132.6M | ||
| Q1 25 | $-16.4M | $1.1B | ||
| Q4 24 | $-17.7M | $-4.5B | ||
| Q3 24 | $6.8M | $-393.9M | ||
| Q2 24 | $2.3M | $-1.1B | ||
| Q1 24 | $-3.6M | $-898.9M |
| Q4 25 | -5.8% | -309.3% | ||
| Q3 25 | 1.7% | -110.5% | ||
| Q2 25 | -0.5% | -29.8% | ||
| Q1 25 | -5.8% | 247.3% | ||
| Q4 24 | -6.7% | -964.7% | ||
| Q3 24 | 2.7% | -95.6% | ||
| Q2 24 | 0.9% | -269.2% | ||
| Q1 24 | -1.5% | -294.1% |
| Q4 25 | 11.6% | 2.2% | ||
| Q3 25 | 13.4% | 0.3% | ||
| Q2 25 | 13.4% | 0.3% | ||
| Q1 25 | 13.0% | 0.1% | ||
| Q4 24 | 15.4% | 0.4% | ||
| Q3 24 | 11.6% | 0.0% | ||
| Q2 24 | 11.5% | 0.1% | ||
| Q1 24 | 11.8% | 0.3% |
| Q4 25 | — | -15.46× | ||
| Q3 25 | 16.01× | -3.84× | ||
| Q2 25 | 18.72× | -0.96× | ||
| Q1 25 | — | 13.97× | ||
| Q4 24 | — | -43.39× | ||
| Q3 24 | 16.98× | -5.68× | ||
| Q2 24 | 3.59× | -11.12× | ||
| Q1 24 | 3.46× | -22.84× |
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% |
PFSI
暂无分部数据
