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First Watch Restaurant Group, Inc.（FWRG）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）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POWER SOLUTIONS INTERNATIONAL, INC.的1.7倍（$316.4M vs $191.2M），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs 20.2%），POWER SOLUTIONS INTERNATIONAL, INC.自由现金流更多（$-7.6M vs $-18.3M），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% 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。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
FWRG vs PSIX — 直观对比
营收规模更大
FWRG
是对方的1.7倍
$191.2M
营收增速更快
PSIX
高出12.4%
20.2%
自由现金流更多
PSIX
多$10.7M
$-18.3M
两年增速更快
PSIX
近两年复合增速
14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $191.2M |
| 净利润 | — | $16.1M |
| 毛利率 | — | 21.9% |
| 营业利润率 | 2.9% | 12.7% |
| 净利率 | — | 8.4% |
| 营收同比 | 20.2% | 32.5% |
| 净利润同比 | — | -31.0% |
| 每股收益（稀释后） | $0.24 | $0.69 |
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FWRGPSIX
| Q4 25 | $316.4M | $191.2M | ||
| Q3 25 | $316.0M | $203.8M | ||
| Q2 25 | $307.9M | $191.9M | ||
| Q1 25 | $282.2M | $135.4M | ||
| Q4 24 | $263.3M | $144.3M | ||
| Q3 24 | $251.6M | $125.8M | ||
| Q2 24 | $258.6M | $110.6M | ||
| Q1 24 | $242.4M | $95.2M |
净利润FWRGPSIX
| Q4 25 | — | $16.1M | ||
| Q3 25 | $3.0M | $27.6M | ||
| Q2 25 | $2.1M | $51.2M | ||
| Q1 25 | $-829.0K | $19.1M | ||
| Q4 24 | — | $23.3M | ||
| Q3 24 | $2.1M | $17.3M | ||
| Q2 24 | $8.9M | $21.5M | ||
| Q1 24 | $7.2M | $7.1M |
毛利率FWRGPSIX
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 23.9% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 31.8% | ||
| Q1 24 | — | 27.0% |
营业利润率FWRGPSIX
| Q4 25 | 2.9% | 12.7% | ||
| Q3 25 | 3.2% | 13.9% | ||
| Q2 25 | 2.4% | 16.9% | ||
| Q1 25 | 0.4% | 18.2% | ||
| Q4 24 | 1.5% | 17.5% | ||
| Q3 24 | 2.5% | 16.3% | ||
| Q2 24 | 6.4% | 22.9% | ||
| Q1 24 | 5.1% | 11.2% |
净利率FWRGPSIX
| Q4 25 | — | 8.4% | ||
| Q3 25 | 0.9% | 13.5% | ||
| Q2 25 | 0.7% | 26.7% | ||
| Q1 25 | -0.3% | 14.1% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | 0.8% | 13.8% | ||
| Q2 24 | 3.4% | 19.5% | ||
| Q1 24 | 3.0% | 7.5% |
每股收益（稀释后）FWRGPSIX
| Q4 25 | $0.24 | $0.69 | ||
| Q3 25 | $0.05 | $1.20 | ||
| Q2 25 | $0.03 | $2.22 | ||
| Q1 25 | $-0.01 | $0.83 | ||
| Q4 24 | $0.01 | $1.01 | ||
| Q3 24 | $0.03 | $0.75 | ||
| Q2 24 | $0.14 | $0.94 | ||
| Q1 24 | $0.12 | $0.31 |
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 | $41.3M |
| 总债务越低越好 | $269.1M | $96.6M |
| 股东权益账面价值 | $626.3M | $178.6M |
| 总资产 | $1.7B | $424.7M |
| 负债/权益比越低杠杆越低 | 0.43× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资FWRGPSIX
| Q4 25 | $21.2M | $41.3M | ||
| Q3 25 | $20.7M | $49.0M | ||
| Q2 25 | $19.2M | $49.5M | ||
| Q1 25 | $18.6M | $50.0M | ||
| Q4 24 | $33.3M | $55.3M | ||
| Q3 24 | $51.1M | $40.5M | ||
| Q2 24 | $45.1M | $28.8M | ||
| Q1 24 | $43.2M | $33.1M |
总债务FWRGPSIX
| Q4 25 | $269.1M | $96.6M | ||
| Q3 25 | $251.0M | $96.7M | ||
| Q2 25 | $250.0M | $1.8M | ||
| Q1 25 | $191.5M | $1.0M | ||
| Q4 24 | $189.0M | $184.0K | ||
| Q3 24 | $189.7M | $238.0K | ||
| Q2 24 | $192.1M | $292.0K | ||
| Q1 24 | $122.7M | $345.0K |
股东权益FWRGPSIX
| Q4 25 | $626.3M | $178.6M | ||
| Q3 25 | $607.3M | $162.5M | ||
| Q2 25 | $601.3M | $135.7M | ||
| Q1 25 | $596.3M | $84.3M | ||
| Q4 24 | $595.4M | $65.3M | ||
| Q3 24 | $589.1M | $42.1M | ||
| Q2 24 | $585.8M | $24.8M | ||
| Q1 24 | $574.4M | $3.2M |
总资产FWRGPSIX
| Q4 25 | $1.7B | $424.7M | ||
| Q3 25 | $1.7B | $458.9M | ||
| Q2 25 | $1.7B | $437.7M | ||
| Q1 25 | $1.5B | $372.7M | ||
| Q4 24 | $1.5B | $328.2M | ||
| Q3 24 | $1.5B | $339.1M | ||
| Q2 24 | $1.4B | $307.6M | ||
| Q1 24 | $1.3B | $286.8M |
负债/权益比FWRGPSIX
| Q4 25 | 0.43× | 0.54× | ||
| Q3 25 | 0.41× | 0.60× | ||
| Q2 25 | 0.42× | 0.01× | ||
| Q1 25 | 0.32× | 0.01× | ||
| Q4 24 | 0.32× | 0.00× | ||
| Q3 24 | 0.32× | 0.01× | ||
| Q2 24 | 0.33× | 0.01× | ||
| Q1 24 | 0.21× | 0.11× |
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 | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $-7.6M |
| 自由现金流率自由现金流/营收 | -5.8% | -4.0% |
| 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 | — | -0.29× |
| 过去12个月自由现金流最近4个季度 | $-31.0M | $14.1M |
8季度趋势，按日历期对齐
经营现金流FWRGPSIX
| Q4 25 | $18.5M | $-4.6M | ||
| Q3 25 | $47.9M | $3.3M | ||
| Q2 25 | $39.4M | $16.7M | ||
| Q1 25 | $20.1M | $8.8M | ||
| Q4 24 | $22.9M | $32.7M | ||
| Q3 24 | $35.9M | $12.6M | ||
| Q2 24 | $31.9M | $1.5M | ||
| Q1 24 | $25.0M | $15.6M |
自由现金流FWRGPSIX
| Q4 25 | $-18.3M | $-7.6M | ||
| Q3 25 | $5.5M | $1.7M | ||
| Q2 25 | $-1.7M | $14.6M | ||
| Q1 25 | $-16.4M | $5.4M | ||
| Q4 24 | $-17.7M | $30.0M | ||
| Q3 24 | $6.8M | $12.1M | ||
| Q2 24 | $2.3M | $822.0K | ||
| Q1 24 | $-3.6M | $14.8M |
自由现金流率FWRGPSIX
| Q4 25 | -5.8% | -4.0% | ||
| Q3 25 | 1.7% | 0.8% | ||
| Q2 25 | -0.5% | 7.6% | ||
| Q1 25 | -5.8% | 4.0% | ||
| Q4 24 | -6.7% | 20.8% | ||
| Q3 24 | 2.7% | 9.7% | ||
| Q2 24 | 0.9% | 0.7% | ||
| Q1 24 | -1.5% | 15.6% |
资本支出强度FWRGPSIX
| Q4 25 | 11.6% | 1.6% | ||
| Q3 25 | 13.4% | 0.8% | ||
| Q2 25 | 13.4% | 1.1% | ||
| Q1 25 | 13.0% | 2.5% | ||
| Q4 24 | 15.4% | 1.8% | ||
| Q3 24 | 11.6% | 0.3% | ||
| Q2 24 | 11.5% | 0.6% | ||
| Q1 24 | 11.8% | 0.9% |
现金转化率FWRGPSIX
| Q4 25 | — | -0.29× | ||
| Q3 25 | 16.01× | 0.12× | ||
| Q2 25 | 18.72× | 0.33× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 16.98× | 0.73× | ||
| Q2 24 | 3.59× | 0.07× | ||
| Q1 24 | 3.46× | 2.20× |
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% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
