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First Watch Restaurant Group, Inc.（FWRG）与LiveRamp Holdings, Inc.（RAMP）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LiveRamp Holdings, Inc.的1.5倍（$316.4M vs $212.2M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 8.6%），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 11.1%）
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。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
FWRG vs RAMP — 直观对比
营收规模更大
FWRG
是对方的1.5倍
$212.2M
营收增速更快
FWRG
高出11.6%
8.6%
两年增速更快
FWRG
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $212.2M |
| 净利润 | — | $39.9M |
| 毛利率 | — | 71.9% |
| 营业利润率 | 2.9% | 18.6% |
| 净利率 | — | 18.8% |
| 营收同比 | 20.2% | 8.6% |
| 净利润同比 | — | 255.7% |
| 每股收益（稀释后） | $0.24 | $0.62 |
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FWRGRAMP
| Q4 25 | $316.4M | $212.2M | ||
| Q3 25 | $316.0M | $199.8M | ||
| Q2 25 | $307.9M | $194.8M | ||
| Q1 25 | $282.2M | $188.7M | ||
| Q4 24 | $263.3M | $195.4M | ||
| Q3 24 | $251.6M | $185.5M | ||
| Q2 24 | $258.6M | $176.0M | ||
| Q1 24 | $242.4M | $171.9M |
净利润FWRGRAMP
| Q4 25 | — | $39.9M | ||
| Q3 25 | $3.0M | $27.4M | ||
| Q2 25 | $2.1M | $7.7M | ||
| Q1 25 | $-829.0K | $-6.3M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | $2.1M | $1.7M | ||
| Q2 24 | $8.9M | $-7.5M | ||
| Q1 24 | $7.2M | $-5.4M |
毛利率FWRGRAMP
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
营业利润率FWRGRAMP
| Q4 25 | 2.9% | 18.6% | ||
| Q3 25 | 3.2% | 10.7% | ||
| Q2 25 | 2.4% | 3.7% | ||
| Q1 25 | 0.4% | -6.1% | ||
| Q4 24 | 1.5% | 7.5% | ||
| Q3 24 | 2.5% | 4.0% | ||
| Q2 24 | 6.4% | -3.0% | ||
| Q1 24 | 5.1% | -8.3% |
净利率FWRGRAMP
| Q4 25 | — | 18.8% | ||
| Q3 25 | 0.9% | 13.7% | ||
| Q2 25 | 0.7% | 4.0% | ||
| Q1 25 | -0.3% | -3.3% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | 0.8% | 0.9% | ||
| Q2 24 | 3.4% | -4.3% | ||
| Q1 24 | 3.0% | -3.1% |
每股收益（稀释后）FWRGRAMP
| Q4 25 | $0.24 | $0.62 | ||
| Q3 25 | $0.05 | $0.42 | ||
| Q2 25 | $0.03 | $0.12 | ||
| Q1 25 | $-0.01 | $-0.10 | ||
| Q4 24 | $0.01 | $0.17 | ||
| Q3 24 | $0.03 | $0.03 | ||
| Q2 24 | $0.14 | $-0.11 | ||
| Q1 24 | $0.12 | $-0.09 |
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 | $403.4M |
| 总债务越低越好 | $269.1M | — |
| 股东权益账面价值 | $626.3M | $962.3M |
| 总资产 | $1.7B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资FWRGRAMP
| Q4 25 | $21.2M | $403.4M | ||
| Q3 25 | $20.7M | $376.9M | ||
| Q2 25 | $19.2M | $371.1M | ||
| Q1 25 | $18.6M | $420.8M | ||
| Q4 24 | $33.3M | $384.3M | ||
| Q3 24 | $51.1M | $348.4M | ||
| Q2 24 | $45.1M | $342.7M | ||
| Q1 24 | $43.2M | $368.9M |
总债务FWRGRAMP
| 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 | — |
股东权益FWRGRAMP
| Q4 25 | $626.3M | $962.3M | ||
| Q3 25 | $607.3M | $943.8M | ||
| Q2 25 | $601.3M | $947.8M | ||
| Q1 25 | $596.3M | $948.9M | ||
| Q4 24 | $595.4M | $957.7M | ||
| Q3 24 | $589.1M | $932.1M | ||
| Q2 24 | $585.8M | $951.9M | ||
| Q1 24 | $574.4M | $949.1M |
总资产FWRGRAMP
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
负债/权益比FWRGRAMP
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | — |
| 自由现金流率自由现金流/营收 | -5.8% | — |
| 资本支出强度资本支出/营收 | 11.6% | 0.1% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FWRGRAMP
| Q4 25 | $18.5M | — | ||
| Q3 25 | $47.9M | $57.4M | ||
| Q2 25 | $39.4M | $-15.8M | ||
| Q1 25 | $20.1M | — | ||
| Q4 24 | $22.9M | $45.1M | ||
| Q3 24 | $35.9M | $55.6M | ||
| Q2 24 | $31.9M | $-9.3M | ||
| Q1 24 | $25.0M | — |
自由现金流FWRGRAMP
| Q4 25 | $-18.3M | — | ||
| Q3 25 | $5.5M | $56.8M | ||
| Q2 25 | $-1.7M | $-16.2M | ||
| Q1 25 | $-16.4M | — | ||
| Q4 24 | $-17.7M | $44.8M | ||
| Q3 24 | $6.8M | $55.4M | ||
| Q2 24 | $2.3M | $-9.6M | ||
| Q1 24 | $-3.6M | — |
自由现金流率FWRGRAMP
| Q4 25 | -5.8% | — | ||
| Q3 25 | 1.7% | 28.4% | ||
| Q2 25 | -0.5% | -8.3% | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | -6.7% | 22.9% | ||
| Q3 24 | 2.7% | 29.8% | ||
| Q2 24 | 0.9% | -5.4% | ||
| Q1 24 | -1.5% | — |
资本支出强度FWRGRAMP
| Q4 25 | 11.6% | 0.1% | ||
| Q3 25 | 13.4% | 0.3% | ||
| Q2 25 | 13.4% | 0.2% | ||
| Q1 25 | 13.0% | 0.2% | ||
| Q4 24 | 15.4% | 0.1% | ||
| Q3 24 | 11.6% | 0.1% | ||
| Q2 24 | 11.5% | 0.1% | ||
| Q1 24 | 11.8% | 1.0% |
现金转化率FWRGRAMP
| Q4 25 | — | — | ||
| Q3 25 | 16.01× | 2.09× | ||
| Q2 25 | 18.72× | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | 16.98× | 32.10× | ||
| 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% |
RAMP
暂无分部数据
