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First Watch Restaurant Group, Inc.（FWRG）与福尼克斯（PLAB）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.的季度营收约是福尼克斯的1.5倍（$316.4M vs $210.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs -5.5%），福尼克斯自由现金流更多（$25.2M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs -3.8%）
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。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
FWRG vs PLAB — 直观对比
营收规模更大
FWRG
是对方的1.5倍
$210.4M
营收增速更快
FWRG
高出25.6%
-5.5%
自由现金流更多
PLAB
多$43.6M
$-18.3M
两年增速更快
FWRG
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $210.4M |
| 净利润 | — | $22.9M |
| 毛利率 | — | 33.7% |
| 营业利润率 | 2.9% | 22.9% |
| 净利率 | — | 10.9% |
| 营收同比 | 20.2% | -5.5% |
| 净利润同比 | — | -32.4% |
| 每股收益（稀释后） | $0.24 | $0.39 |
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FWRGPLAB
| Q4 25 | $316.4M | — | ||
| Q3 25 | $316.0M | $210.4M | ||
| Q2 25 | $307.9M | $211.0M | ||
| Q1 25 | $282.2M | $212.1M | ||
| Q4 24 | $263.3M | $222.6M | ||
| Q3 24 | $251.6M | $211.0M | ||
| Q2 24 | $258.6M | $217.0M | ||
| Q1 24 | $242.4M | $216.3M |
净利润FWRGPLAB
| Q4 25 | — | — | ||
| Q3 25 | $3.0M | $22.9M | ||
| Q2 25 | $2.1M | $8.9M | ||
| Q1 25 | $-829.0K | $42.9M | ||
| Q4 24 | — | $33.9M | ||
| Q3 24 | $2.1M | $34.4M | ||
| Q2 24 | $8.9M | $36.3M | ||
| Q1 24 | $7.2M | $26.2M |
毛利率FWRGPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% |
营业利润率FWRGPLAB
| Q4 25 | 2.9% | — | ||
| Q3 25 | 3.2% | 22.9% | ||
| Q2 25 | 2.4% | 26.4% | ||
| Q1 25 | 0.4% | 24.6% | ||
| Q4 24 | 1.5% | 25.1% | ||
| Q3 24 | 2.5% | 24.7% | ||
| Q2 24 | 6.4% | 25.8% | ||
| Q1 24 | 5.1% | 26.6% |
净利率FWRGPLAB
| Q4 25 | — | — | ||
| Q3 25 | 0.9% | 10.9% | ||
| Q2 25 | 0.7% | 4.2% | ||
| Q1 25 | -0.3% | 20.2% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | 0.8% | 16.3% | ||
| Q2 24 | 3.4% | 16.7% | ||
| Q1 24 | 3.0% | 12.1% |
每股收益（稀释后）FWRGPLAB
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.05 | $0.39 | ||
| Q2 25 | $0.03 | $0.15 | ||
| Q1 25 | $-0.01 | $0.68 | ||
| Q4 24 | $0.01 | $0.54 | ||
| Q3 24 | $0.03 | $0.55 | ||
| Q2 24 | $0.14 | $0.58 | ||
| Q1 24 | $0.12 | $0.42 |
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 | $575.8M |
| 总债务越低越好 | $269.1M | $16.0K |
| 股东权益账面价值 | $626.3M | $1.1B |
| 总资产 | $1.7B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FWRGPLAB
| Q4 25 | $21.2M | — | ||
| Q3 25 | $20.7M | $575.8M | ||
| Q2 25 | $19.2M | $558.4M | ||
| Q1 25 | $18.6M | $642.2M | ||
| Q4 24 | $33.3M | $640.7M | ||
| Q3 24 | $51.1M | $606.4M | ||
| Q2 24 | $45.1M | $559.9M | ||
| Q1 24 | $43.2M | $521.5M |
总债务FWRGPLAB
| Q4 25 | $269.1M | — | ||
| Q3 25 | $251.0M | $16.0K | ||
| Q2 25 | $250.0M | $19.0K | ||
| Q1 25 | $191.5M | $21.0K | ||
| Q4 24 | $189.0M | $25.0K | ||
| Q3 24 | $189.7M | $28.0K | ||
| Q2 24 | $192.1M | $2.5M | ||
| Q1 24 | $122.7M | $2.7M |
股东权益FWRGPLAB
| Q4 25 | $626.3M | — | ||
| Q3 25 | $607.3M | $1.1B | ||
| Q2 25 | $601.3M | $1.1B | ||
| Q1 25 | $596.3M | $1.1B | ||
| Q4 24 | $595.4M | $1.1B | ||
| Q3 24 | $589.1M | $1.1B | ||
| Q2 24 | $585.8M | $1.0B | ||
| Q1 24 | $574.4M | $1.0B |
总资产FWRGPLAB
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.5B | $1.7B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.3B | $1.6B |
负债/权益比FWRGPLAB
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.41× | 0.00× | ||
| Q2 25 | 0.42× | 0.00× | ||
| Q1 25 | 0.32× | 0.00× | ||
| Q4 24 | 0.32× | 0.00× | ||
| Q3 24 | 0.32× | 0.00× | ||
| Q2 24 | 0.33× | 0.00× | ||
| Q1 24 | 0.21× | 0.00× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $25.2M |
| 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% | 11.8% |
| 现金转化率经营现金流/净利润 | — | 2.19× |
| 过去12个月自由现金流最近4个季度 | $-31.0M | $64.5M |
8季度趋势，按日历期对齐
经营现金流FWRGPLAB
| Q4 25 | $18.5M | — | ||
| Q3 25 | $47.9M | $50.1M | ||
| Q2 25 | $39.4M | $31.5M | ||
| Q1 25 | $20.1M | $78.5M | ||
| Q4 24 | $22.9M | $68.4M | ||
| Q3 24 | $35.9M | $75.1M | ||
| Q2 24 | $31.9M | $76.5M | ||
| Q1 24 | $25.0M | $41.5M |
自由现金流FWRGPLAB
| Q4 25 | $-18.3M | — | ||
| Q3 25 | $5.5M | $25.2M | ||
| Q2 25 | $-1.7M | $-29.1M | ||
| Q1 25 | $-16.4M | $43.3M | ||
| Q4 24 | $-17.7M | $25.2M | ||
| Q3 24 | $6.8M | $50.7M | ||
| Q2 24 | $2.3M | $56.5M | ||
| Q1 24 | $-3.6M | $-1.8M |
自由现金流率FWRGPLAB
| Q4 25 | -5.8% | — | ||
| Q3 25 | 1.7% | 12.0% | ||
| Q2 25 | -0.5% | -13.8% | ||
| Q1 25 | -5.8% | 20.4% | ||
| Q4 24 | -6.7% | 11.3% | ||
| Q3 24 | 2.7% | 24.0% | ||
| Q2 24 | 0.9% | 26.0% | ||
| Q1 24 | -1.5% | -0.8% |
资本支出强度FWRGPLAB
| Q4 25 | 11.6% | — | ||
| Q3 25 | 13.4% | 11.8% | ||
| Q2 25 | 13.4% | 28.7% | ||
| Q1 25 | 13.0% | 16.6% | ||
| Q4 24 | 15.4% | 19.4% | ||
| Q3 24 | 11.6% | 11.6% | ||
| Q2 24 | 11.5% | 9.2% | ||
| Q1 24 | 11.8% | 20.0% |
现金转化率FWRGPLAB
| Q4 25 | — | — | ||
| Q3 25 | 16.01× | 2.19× | ||
| Q2 25 | 18.72× | 3.55× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 16.98× | 2.18× | ||
| Q2 24 | 3.59× | 2.11× | ||
| Q1 24 | 3.46× | 1.59× |
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% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
